Business & Money | Monday 23 October, 2023 8:42 am

Sharjah Chamber welcomes nearly 5,000 new member companies in 2023

The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this year, registering 4,981 new companies through the end of the third quarter.With this increase, the Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn, and...

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Business & Money | Monday 23 October, 2023 8:40 am

Saudia Group New Brand Prioritizes Growth, Expansion and Localisation

Saudia Group, formerly known as Saudi Arabian Airlines Holding Corporation, has unveiled its new brand identity as part of a comprehensive transformation strategy which included the rebrand of Saudia – the national flag carrier of Saudi Arabia. The announcement comes as the Group reaffirms its...

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Business & Money | Monday 23 October, 2023 8:36 am

CMA approves Trahum Endowment Fund IPO

The Capital Market Authority (CMA) gave the go-ahead for Al Rajhi Capital's request to float units of Trahum Endowment Fund, according to the CMA website.   An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing its content may involve ...

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Business & Money | Monday 23 October, 2023 8:35 am

Al Yamamah Steel inks SAR 185.9 mln electrical towers contract

Al Yamamah Steel Industries Co. signed, on Oct. 22, a contract with Al Sharif Group & KEC Ltd. to manfucture and supply electrical towers at a total value of SAR 185.9 million excluding VAT, according to a statement to Tadawul.   The contract will extend for 10 months, and the...

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Business & Money | Monday 23 October, 2023 8:25 am

PIF, Hyundai Motor sign JV agreement on automotive manufacturing plant in Saudi Arabia

The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) announced the signing of a joint venture (JV) agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia.   PIF will hold a 70% stake in the new joint venture with Hyundai holding the...

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Business & Money | Sunday 22 October, 2023 2:52 pm

Saudi Electricity plans SAR 500 bln investment by 2030

Saudi Electricity Co. (SEC) announced that it plans to invest around SAR 500 billion by 2030 to build electricity transmission networks and ensure connectivity between all regions of the Kingdom by deploying cutting-edge technologies.   The company made the announcement...

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Business & Money | Sunday 22 October, 2023 1:44 pm

Majeed Al Abduljabbar appointed as the CEO of Saudi Real Estate Refinance Company (SRC)

The Board of Directors of the Saudi Real Estate Refinance Company (SRC), wholly owned by the PIF and headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majed bin Abdullah Al-Hogail, announced today that Mr. Majeed Al Abduljabbar will assume the role of Chief...

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Business & Money | Sunday 22 October, 2023 12:57 pm

Saudi Arabia sure to become key player in global supply chains: Alkhorayef

The Kingdom of Saudi Arabia is betting that it will be one of the major countries in the world to contribute to supply chains in general, said Minister of Industry and Mineral Resources, Bandar Alkhorayef.   During the fifth session of the Supply Chains and Logistics Services...

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Business & Money | Sunday 22 October, 2023 12:11 pm

Saudi has to grow value chains’ contribution for economic diversification: Minister

Saudi Arabia should grow contribution to the value chains to achieve economic diversification in the different industries, said Saleh Al-Jasser, Minister of Transport and Logistic Services. Supply chains represent the basis to increase the economic presence through localizing the content of...

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Business & Money | Sunday 22 October, 2023 12:09 pm

Monsha'at supports 160 enterprises to list on stock market

As many as 160 enterprises were qualified for listing on the stock market, of which 14 were already listed, with the support of the Small and Medium Enterprises General Authority (Monsha'at), Sami Alhussaini, Monsha'at Governor stressed in his speech during Riyadh’s CEOs Forum dated Oct....

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