Program, speakers revealed for Saudi Green Initiative Forum at COP27
Saudi Arabia has revealed the program and speakers for the second edition of the Saudi Green Initiative (SGI) Forum taking place 11 – 12 November 2022 on the sidelines of COP27 in Sharm El Sheikh. The two-day event will convene an elite lineup of climate experts and thought leaders to discuss the progress […]
Al Hammadi Holding’s profits surpass $49.06mln in 9M-22; earnings in Q3 leap 1,495%
Al Hammadi Holding, formerly known as Al Hammadi Company for Development and Investment, achieved net profits after Zakat and tax worth SAR 184.17 million in the first nine months (9M) of 2022. The 9M-22 net profits were higher by 131.89% year-on-year (YoY) than SAR 79.42 million, according to the interim financial results. Meanwhile, […]
Saudi’s ACWA Power aims to grow its asset portfolio to $230bln by 2030
Saudi-headquartered global developer of energy and water projects ACWA Power expects its asset portfolio to hit $230 billion by 2030 from $75 billion at present, Arab News reported, citing Vice Chairman and CEO Paddy Padmanathan. The Tadawul-listed company’s power generation capacity currently stands at 42 gigawatts (GW), which could be increased up to three times […]
PowerChina is implementing 59 projects in MENA under Belt and Road Initiative
PowerChina announced on Thursday that it is implementing 59 projects in 13 countries in the Middle East and North Africa region under the Belt and Road Initiative. A press statement by the Chinese construction giant, which is ranked as world’s largest engineering contractor by trade publication ENR, listed key projects delivered or under implementation in […]
SISCO posts 69% lower profits in 9M-22 interim results
Saudi Industrial Services Company (SISCO) generated SAR 18.30 million in net profit after Zakat and tax during the first nine months (9M) of 2022, lower by 68.82% than SAR 58.70 million in 9M-21. Revenues amounted to SAR 717 million in the January-September 2022 period, an annual drop of 2.28% from SAR 733.70 million, […]