Saudi developer Dar Al Arkan mulls listing Dubai property business
Saudi-based Dar Al Arkan Real Estate Development Company may list its Dubai business on an international stock exchange. In a statement to the Saudi Stock Exchange (Tadawul), the company said it was considering several strategic and capital markets options with regards to its international property business in Dubai, which may include listing. Dar Al Arkan’s […]
Saudi: ACC to set up solar PV plant at Suez facility
Arabian Cement Company (ACC) has signed an amendment to its 2019 contract with Amarenco SolarizEgypt (ASE) to establish a Solar Photovoltaic (PV) plant at its Suez facility. The amendment to the agreement aligns with updated regulations recently issued by ‘EgyptERA’ the Egyptian Electric Utility and Consumer Protection Regulatory Agency to encourage and support […]
Saudi: SWCC signs deal on return water conservation, RO projects
Saline Water Conversion Corporation (SWCC) has signed agreements with top local and international companies to help boost co-operation in conserving return water (the portion of water diverted from a water supply which finds its way back into a watercourse) as well as reverse osmosis projects. Return waters are those flowing from the […]
Elm’s profits hike 57% in 9M-22 initial results
Elm Company logged a net profit after Zakat and tax worth SAR 718 million in the first nine months (9M) of 2022, up 57.11% year-on-year (YoY) from SAR 457 million. Revenues enlarged by 19.58% to SAR 3.29 billion during the January-September 2022 period, compared to SAR 2.75 billion in 9M-21, according to the […]