Aljazira Takaful records 53.5% drop in Q1-23 net profits
The net profits before Zakat of Aljazira Takaful Taawuni Company reached SAR 7.90 million in the first quarter (Q1) of 2023, marking a year-on-year (YoY) plunge of 53.48% from SAR 16.98 million. The insurance firm registered gross written premiums (GWP) valued at SAR 75.24 million in Q1-23, up 17.41% from SAR 64.08 million in Q1-22, […]
Saudi’s Mawani expected to award office building contract in Q3
The Saudi Ports Authority (Mawani) is expected to award the main construction contract for the expansion of Maritime Administration Building at King Abdulaziz Port in Dammam by third quarter of 2023, according to a source. “The bid evaluation is currently ongoing and the contract is expected to be awarded by early September 2023. The bid submission was […]
Aramco aims to become Asia’s “one-stop source” for energy, chemicals demand – CEO
Saudi Arabia’s Aramco is ramping up its commitment to cater to Asia’s demand for energy and chemicals, according to President & CEO Amin H. Nasser. He has called for Asian countries to take a more prominent role in shaping an inclusive global energy transition. “We are doubling down on Asia’s growing demand for energy; chemicals; […]
Saudi aviation sector makes huge impact at Paris Air Show
Multi-billion-dollar aircraft orders placed by Saudi airlines, the launch of Riyad Air and the kingdom’s plans to boost connectivity to 250 destinations around the world were some of highlights of KSA’s participation at the Paris Air Show. The 54th Paris Air Show from June 19 to 25, saw comprehensive participation from the General Authority of […]
Allianz Saudi Fransi turns profitable in Q1-23 interim results
Allianz Saudi Fransi Cooperative Insurance Company shifted to net profits before Zakat amounting to SAR 13.50 million in the first quarter (Q1) of 2023. The positive results were compared with net losses valued at SAR 1.45 million in Q1-22, according to the initial financial results. Allianz Saudi Fransi reported an annual surge of 25.78% […]