Feature Aramco’s ’23 profit drops to $121b Aya El Sayed Mar 10, 2024 0 Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
MENA News S. Arabia’s MMC plans to sell 30% stake in IPO Nada Ali Feb 7, 2024 0 Saudi Arabia's Modern Mills for Food Products Co. (MMC) intends to sell a 30 per cent stake in an initial public…
Feature S. Arabia’s Savola group to issue Almarai stake to shareholders Aya Anwar Feb 7, 2024 0 Saudi Arabia's Savola announced that it intends to give its eligible shareholders a 34.52 per cent stake in the…
Banks Saudi Investment Bank posts SAR 1.76 bln net profit in ’23 Nada Ali Feb 4, 2024 0 The Saudi Investment Bank (SAIB) reported a net profit of 1.76 billion Saudi riyal (about $469,3 million) in 2023,…
Tech/AI Saudi Almarai approves $108mln investment for bakery segment Sama Mousa Oct 3, 2023 0 Saudi Arabia's Almarai Company said it approved a 405 million riyal ($108 million) investment plan on Tuesday to…
Tech/AI Saudi SALIC increases stake in NADEC by 6.2% Sama Mousa Sep 19, 2023 0 The Saudi Agricultural and Livestock Investment Company (SALIC) increased its stake in the National Agricultural…
Stocks Gulf markets briefing 26/03/2023 Sama Mousa Mar 26, 2023 0 The markets in the gulf inclined slightly on Sunday, with the Qatari main index, QE All Shares, rising by 1.34…
Stocks Gulf Markets Briefing 23/03/2023 Sama Mousa Mar 23, 2023 0 The majority of markets in the Gulf witnessed an incline in the main indices on Thursday, with the Saudi Tadawul…
News Saudi crown prince plans IPO of $500 billion megaproject Neom by 2024 Nada Ali Jul 27, 2022 0 Saudi Arabia's Crown Prince Mohammed bin Salman is planning the Initial Public Offering (IPO) of the Kingdom’s SAR…
Stocks Gulf stock markets close mostly higher on Monday Amwal Al Ghad English Sep 14, 2020 0 Gulf stock markets ended mostly higher on Monday, with financial shares boosting the Saudi index, while Qatar…