Emaar The Economic City sells asset to several parties including PIF unit
Emaar The Economic City announced the sale of an undeveloped industrial plot to four parties, of which one is a subsidiary of Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF). The other three parties are Dar Al Himmah Projects Co. Ltd., Zamil Group Real Estate Company, and Abdullah Ibrahim Alkhorayef Sons Company. The […]
Gas Arabian Services receives order from Ma’aden for Aramco’s station
Gas Arabian Services Company has received a purchase order from Saudi Arabian Mining Company (Ma’aden) to upgrade the gas metering station of Saudi Arabian Oil Company (Aramco). The contract value stands at SAR 38.65 million, excluding the value-added tax (VAT), according to a bourse disclosure. Gas Arabian Services noted that the engineering, procurement, and […]
MedGulf turns profitable in Q1-23; accumulated losses hit 40%
The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) achieved net profits before Zakat worth SAR 37.19 million in the first quarter (Q1) of 2023. The positive results in the first three months (3M) of 2023 were against net losses before Zakat at a value of SAR 15.95 million in Q1-22, according to the […]
Saudi: SARCO to pay 10% of capital as dividends for 2022
Saudi Arabia Refineries Company (SARCO) will distribute 10% of the capital as a cash dividend for the year ended on 31 December 2022. During the ordinary general meeting (OGM) on 22 June, SARCO’s shareholders greenlighted the decision of the board to pay SAR 1 per share as a dividend for 2022 at a total value […]
Arabian Pipes wins supply order for China Geo-Engineering Saudi branch
Arabian Pipes Company was awarded a new deal at total value of nearly SAR 43 million, under which the listed firm will provide China Geo-Engineering Corporation (Saudi) branch with steel pipes. The supply order holds a seven-month duration period, while its contract was signed on 25 June 2023. Arabian Pipes noted that the financial […]
SABIC unveils 42.5% of capital as 2022 dividends
The stakeholders of Saudi Basic Industries Corporation (SABIC) approved a cash dividend payout representing 42.50% of the capital for the full year 2022. SABIC, therefore, is disbursing SAR 4.25 per share at a total amount of SAR 12.75 billion for the year ended on 31 December 2022, based on the resolution of the extraordinary general […]