Dr. Sulaiman Al Habib announces $322mln dividends for 2022
The shareholders of Dr. Sulaiman Al Habib Medical Services Group agreed to disburse cash dividends worth SAR 1.21 billion, representing 34.80% of the capital, for 2022. The Saudi firm will pay a dividend of SAR 3.48 per share, according to a bourse filing. It is worth noting that the shareholders greenlighted the cash dividends during […]
King Abdullah Financial District wins key building certification
The King Abdullah Financial District (KAFD) in Riyadh has secured the WiredScore and SmartScore building certification from global property consultancy Knight Frank. WiredScore certification is a measure of a building’s digital infrastructure and connectivity. A SmartScore certified building demonstrates cutting edge innovation with the use of market leading technology, processes and automation to deliver […]
Saudi: SAIB’s shareholders nod to H2-22 dividends
The shareholders of Saudi Investment Bank (SAIB) approved the board’s recommendation to disburse cash dividends worth SAR 450 million for the second half (H2) of 2022. SAIB will grant SAR 0.45 per share, equivalent to 4.50% of the share nominal value, for eligible shares on 30 April 2023. The shareholders greenlighted the dividends proposal during […]
Saudi Aramco to acquire 10% stake in China’s Rongsheng Petrochemical
Saudi Aramco has signed definitive agreements to acquire a 10 percent stake in Shenzhen-listed Rongsheng Petrochemical Co. (Rongsheng) for $3.6 billion (24.6 billion Chinese Renminbi), fortifying its presence in China’s downstream sector. The Saudi oil major will supply 480,000 barrels per day (bpd) of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and Chemical Co. […]
CyberArrow, Mobily to boost cyber security compliance in Saudi Arabia
CyberArrow, a leading cyber security compliance automation provider, and Mobily, a major telecommunications provider in Saudi Arabia, have tied up to enhance cyber security compliance and awareness for businesses in the kingdom. As cyber threats continue to increase in frequency and sophistication, it is crucial for businesses to ensure their data is protected and in […]
MBC Group in 3-year partnership with GMG food brands
MBC Group, a leading media company in the Middle East and North Africa (Mena), has announced a long-term licensing and media partnership with GMG, a global well-being company operating leading brands. To begin the partnership, Farm Fresh, the leading brand under the portfolio of GMG’s food brands will feature MBC Group’s beloved ‘Fananees’ characters on […]
Aramco JV to start work of $10bln petchem complex in China in Q2 2023
Saudi Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of an integrated refinery and petrochemical complex in northeast China. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco (30 percent), NORINCO Group (51 percent) and Panjin Xincheng Industrial Group (19 percent), is developing the complex that […]
كيفية تحديد المناقصات الصحيح في الأعمال التجارية
تحديد العطاء الصحيح هو خطوة مهمة في إنجاح أي عمل تجاري. في هذا المقال، سنقدم بعض النصائح حول كيفية تحديد العطاء المناسب: دراسة المناقصة: يجب أن تقوم بدراسة المناقصة بشكل جيد، وفهم متطلباتها وشروطها والمهل الزمنية. وبعد ذلك، يمكنك اتخاذ قرار مدروس بشأن المشاركة في المناقصة. قيمة العطاء: يجب أن تقيم القيمة الاقتصادية للعطاء وتحديد […]
Saudi credit ratings get top upgrade with stable outlook
The world credit rating agency S&P Global Ratings updated its credit report for the Kingdom of Saudi Arabia, raising its long and short-term foreign and local currency sovereign credit ratings to ‘A/A-1’ with stable outlook, the Saudi Press Agency (SPA) reported today. The agency indicated in its report that this rating upgrade is a result […]
S&P, Moody’s positive on Saudi Arabia’s non-oil reforms
S&P Global on Friday raised its sovereign rating on Saudi Arabia to “A/A-1”, citing expected reform and diversification plans to boost development of the kingdom’s non-oil sector and shift dependence away from oil. Rival ratings agency Moody’s also said that Saudi Arabia’s plans will support it amid volatile oil price cycles and a global transition […]