Saudi Jarir inaugurates $5.86mln showroom in UAE
Jarir Marketing Company (Jarir Bookstores) launched its first new showroom in 2023 in the UAE at a total investment of SAR 22 million, according to a bourse filing. Located in the University City area in the Emirate of Sharjah, the building spans 4,000 square metres and is set to include all the product range of […]
Mawani and Jeddah Chamber sign an agreement to build integrated logistics park
The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated logistics park at Al Khumrah in the south of Jeddah at a cost of one billion riyals. The logistics development will further bolster Mawani’s role as a key player in the national […]
Saudi SABIC Agri-Nutrients’ 2022 net profit nearly doubles on higher sale prices, volume
Saudi Arabian fertilizers maker SABIC Agri-Nutrients Co.’s full-year 2022 net profit nearly doubled to 10 billion riyals ($2.7 million) as the company sold more products for higher prices. The net profit beats analysts’ mean estimate of SAR9.86 billion, according to Refinitiv data. Sales revenue also nearly doubled to SAR19 billion, the company said in a […]
Saudi-Croatia businesses agree to establish a joint business council
The Kingdom of Saudi Arabia and Croatia have agreed in principle to establish a joint business council under the umbrella of the Saudi Chambers, aiming to usher into new potentials of economic cooperation and facilitating continuous interaction between the business sectors of the two countries. This came during a meeting between Croatia’s former President […]