Business & Money | Sunday 26 May, 2024 11:49 am

SGS shareholders OK transfer of SAR 520.2M reserve to retained earnings

Shareholders of Saudi Ground Services Co. (SGS) approved transferring the company’s SAR 520.17 million statutory reserve as of Dec. 31, 2023, to the retained earnings account. They also authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis...

More Details

Business & Money | Sunday 26 May, 2024 11:47 am

196 significant transactions on ADNOC Drilling shares in ADX worth AED3.4 million

Abu Dhabi Securities Exchange (ADX) witnessed the execution of 196 significant transactions on ADNOC Drilling shares. According to ADX data, the transactions involved a total of 880 million shares, exceeding a value of AED3.4 million at an execution price of AED3.9. Abu Dhabi National Oil ...

More Details

Business & Money | Sunday 26 May, 2024 11:24 am

MBC inks SAR 65.1M TV series production contract

MBC Group’s wholly owned subsidiary, MBC FZ-LLC, signed a TV series production contract with MedYapim Middle East Audiovisual Media Production Co. at SAR 65.1 million, according to a statement to Tadawul. The contract will start as of the signing date and the series production will end in...

More Details

Business & Money | Sunday 26 May, 2024 11:18 am

Hassan Allam Construction Saudi Signs Construction Works Contract for the Primary Coral Nursery

Hassan Allam Construction Saudi, alongside King Abdullah University of Science and Technology, is proud to announce the signing of the construction works contract for the Primary Coral Nursery within KAUST Coral Restoration Initiative, the world’s largest coral reef restoration effort in...

More Details

Business & Money | Sunday 26 May, 2024 8:34 am

Review of top 5 trading platforms for 2024

The real key to success in Forex trading is a proper choice of a trading platform. A trading platform is the interface located between the trader and the currency market. It provides the features and tools added for analysis and trading execution. First, let's understand what a trading...

More Details

Business & Money | Saturday 25 May, 2024 8:06 am

Moody's affirms Saudi Arabia's 'A1' rating, outlook positive

The rating agency Moody's affirmed Saudi Arabia's 'A1' rating, with positive outlook, Saudi Press Agency reported.  The Kingdom’s rating, according to the agency, came in line with the tangible progress the government has achieved in comprehensive reforms since 2016, as well as the...

More Details

Business & Money | Saturday 25 May, 2024 8:04 am

Aramco plans share of nearly $10B shares: Report

Saudi Arabia is planning a $10 billion share sale in Aramco, Reuters reported. The share sale is expected to take place as soon as June in what would be one of the region's biggest stock deals. The preparations are ongoing and the details could still change, two sources...

More Details

Business & Money | Saturday 25 May, 2024 1:00 am

Almuneef renews, expands SAR 35M credit facilities deal with Bank Albilad

Almuneef Co. for Trade, Industry, Agriculture, and Contracting announced the renewal and increase of its financial facilities contract with Bank Albilad. In a statement to Tadawul, the company said the facilities’ renewal for the previous year totaled SAR 13 million, with approval for an...

More Details

Business & Money | Saturday 25 May, 2024 12:03 am

Korea Eximbank provides $1B financing to Saudi Amiral project

The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide the Amiral petrochemical complex project in Saudi Arabia with $1 billion in financing, Yonhap News Agency reported, citing a statement. The project was awarded to Hyundai Engineering & Co. This project...

More Details

Business & Money | Friday 24 May, 2024 4:20 am

NCP awards over 60 contracts worth more than SAR 37.5B: Al-Jadaan

The National Center for Privatization & PPP (NCP) has contributed to the awarding of more than 60 privatization and partnership contracts across eight target sectors since its launch, with a capital expenditure exceeding SAR 37.5 billion, Minister of Finance, Mohammed Al-Jadaan,...

More Details