Business & Money | Saturday 18 May, 2024 7:18 am

GEA licenses 1,673 entertainment activities in Q1 2024

The General Entertainment Authority (GEA) issued more than 1,673 entertainment licenses in the first quarter of 2024, an increase of 28% compared to the same period of 2023.   In a statement, the authority said the licenses included all entertainment and support activities, namely...

More Details

Technology & IT | Saturday 18 May, 2024 6:54 am

HONOR Releases Android 15 Beta Program for Developers on HONOR Magic6 Pro and HONOR Magic V2

Global technology brand HONOR today announced Android 15 Beta 1 is now available for HONOR developers starting from May 10th. The HONOR Magic6 Pro and HONOR Magic V2 are the first devices to receive this update. This program offers early access to the latest Android updates for HONOR developers,...

More Details

Business & Money | Saturday 18 May, 2024 6:33 am

Almarai signs five agreements with international companies worth more than 500 million SR. at the Middle East Poultry Exhibition

As part of its expansion investment strategy, Almarai has signed five agreements with five leading global poultry companies worth over 500 million Saudi riyals. The aim is to expand poultry production and increase the company's market share in the sector, which currently stands at over 250 million...

More Details

Business & Money | Thursday 16 May, 2024 8:00 am

Tibbiyah’s unit wins 2 purchase orders with NUPCO worth SAR23.8M

Arabian International Healthcare Holding Co. (Tibbiyah) awarded on May 14, two purchase orders, in favor of Al Faisaliah Medical Systems Co. (FMS), a wholly owned subsidiary by the National Unified Procurement Co. (NUPCO), at a value of SAR 23.8 million. Tibbiyah explained in a statement on Tadawul ...

More Details

Business & Money | Thursday 16 May, 2024 7:32 am

ADES CEO says rig additions boost profit growth, 75% of revenue from Aramco

ADES Holding Co.'s Q1 2024 profit growth was driven by an increase in revenues, coupled with the company's proactive step of hedging for about 60% of its loans, which helped slash costs to about 4%, according to CEO Mohamed Farouk. Speaking with Al Arabiya TV, the top executive said...

More Details

Business & Money | Thursday 16 May, 2024 7:16 am

Sulaiman Al Habib approves transferring SAR 1.05B to retained earnings

Shareholders of Dr. Sulaiman Al Habib Medical Services Group (HMG) approved, during the meeting held on May 14, the board’s proposal to transfer the company’s statutory reserve of SAR 1.05 billion as in financial statements for Dec. 31, 2023, to the retained earnings, according to a statement...

More Details

Business & Money | Thursday 16 May, 2024 6:56 am

MSCI adds 8 Saudi firms, excludes 6 in periodic review

MSCI Inc, the provider of research-based indexes and analytics, announced the results of its periodic review, adding SAL Saudi Logistics Services Co. to the MSCI Global Standard Index. Meanwhile, the index added seven firms to MSCI Saudi Arabia Small Cap Index, namely, Al-Babtain Power...

More Details

Business & Money | Thursday 16 May, 2024 6:20 am

IHR appoints Yaqeen Capital to advise on move to Main Market

International Human Resources Co. (IHR) appointed Yaqeen Capital as financial advisor on its planned transition from the Nomu-Parallel Market to the Main Market, according to a statement to Tadawul. The transition is subject to the approval of the Saudi Exchange and is conditional on...

More Details

Business & Money | Wednesday 15 May, 2024 10:42 am

Fakeeh Care IPO 119x covered, final price set at SAR 57.50/share

HSBC Saudi Arabia, the sole financial advisor, joint bookrunner, underwriter, and lead manager on the potential IPO of Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care Group), set the final offer price at SAR 57.50 per share. The IPO was 119x covered, with the final IPO price set at SAR ...

More Details

Business & Money | Wednesday 15 May, 2024 9:32 am

Schneider Electric Appoints Yasser Ahmed as Gulf Vice President of Buildings

Schneider Electric, a global leader in energy management and automation, appoints Yasser Ahmed as the Vice President of Buildings for the Gulf Cluster.   With over fifteen years of experience in digitization, automation, and decarbonization, Ahmed brings a wealth of knowledge to his...

More Details