Saudi: Naqi Water’s shareholders approve $5.33mln dividends for 2 quarters
The shareholders of Naqi Water Company greenlighted the distribution of cash dividends worth SAR 20 million, representing 10% of the capital, for the second (Q2) and third quarters (Q3) of 2022. The Saudi firm will disburse SAR 1 per share on 18 January 2023 for 20 million eligible shares, according to a recent bourse […]
Amak obtains exploration licence from Saudi government
The Saudi Ministry of Industry and Mineral Resources has licensed Almasane Alkobra Mining Company (Amak) to explore gold, zinc, and copper in Aseer province. Under the licence that was issued on 2 January 2023, Amak will explore an area of 20.67 square kilometres in Dhahran Al Janub, according to a recent bourse filing. Meanwhile, […]
Alsaif Gallery, Jahez launch expansion plans in Gulf
Al Saif Stores for Development and Investment Company (Alsaif Gallery) and Jahez International Company for Information System Technology unveiled plans to expand their business in Kuwait and across the GCC. Alsaif Gallery rented two branches in Kuwait to be inaugurated during the first quarter (Q1) of 2023 and Q2-23, respectively, according to a bourse […]