Solutions pens $36.71mln deal with Saudi Telecom Company
Arabian Internet and Telecommunication Services Company (solutions) penned a SAR 138 million deal with Saudi Telecom Company (stc) on 8 December 2022. stc will provide solutions’ customers with normal and gold bulk-SMS service by connecting the latter’s devices to the short message service center (SMSC) of stc, according to a bourse filing. The 12-month agreement […]
Saudi-listed SABIC to pay 20% cash dividend for H2 2022
Saudi Basic Industries Corporation has announced a cash dividend of 20%, or SAR 2 per share, for the second half of 2022, the petrochemicals major said in a statement to the Saudi stock exchange. The company will pay 6 billion Saudi riyals ($1.60 billion) in dividends for H2 2022 to shareholders on April 2, 2023. […]
NWC to start work on $1.1bln Saudi desalination projects
Saudi Arabia’s National Water Company (NWC) is set to start work on a range of water desalination projects worth more than SR4.3 billion ($1.1 billion) covering key regions of Dammam, Al Khobar, Al Ahsa and Qatif. The project scope includes implementation of more than 316 km of conveyor and main lines, and the construction of […]
OPEC sticks to 2022, 2023 oil demand growth forecasts after downgrades
OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was “quite evident” there was potential upside such as from a relaxation of China’s zero-COVID policy. Oil demand in 2023 will rise by 2.25 million barrels per day (bpd), […]