, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
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Saudi Investment Recycling Company and SAP extend partnership with new deployment and an MoU exploring collaboration on sustainability solutions

SIRC and two subsidiaries implement SAP S/4HANA, Ariba, SuccessFactors and Analytics Cloud Photo caption: Sultan Saud Alsaif, Executive Director of Technology & Innovation, SIRC, and Dr Fahd Nawwab, Vice President, SAP Saudi Arabia, attended a ceremony to celebrate the successful deployment of several technology solutions and to sign an MoU extending the relationship between their companies. Riyadh, KSA – 16 April 2024 – The Saudi Investment Recycling Company (SIRC), wholly owned by the Public Investment Fund (PIF), has announced the successful deployment of solutions from global technology company SAP that will modernize business processes including procurement infrastructure and employee management. The two parties are also deepening their existing relationship, signing a memorandum more

Saudi Exchange Marks a Milestone with its 400th Listed Security

The Saudi Exchange has hit a milestone of 400 listed securities In 2023, IPOs on the Saudi Exchange accounted for over 70% of GCC IPOs, with a robust pipeline supporting the Exchange’s accelerated growth to become one of the top 10 largest exchanges globally according to the World Federation of Exchanges Riyadh, Saudi Arabia [31 March 2024]: The Saudi Exchange has welcomed its 400th listing across all securities. This achievement highlights the Exchange’s pivotal role in the Kingdom’s economy, underpinned by robust international investor interest and a diverse range of securities within a highly dynamic market landscape. Since its establishment 16 years ago, the Saudi Exchange has quickly grown to become one of the top ten largest in the world, the third largest amongst emerging market peers, and more

Green Corp acquires Emad Bakeries increasing investment in Saudi food processing

GreenCorp, powered by a $150 million fund controlled by ultimate owner Gulf Islamic Investments group (GII), extended its food production and processing portfolio by acquiring Emad Bakeries, a leading industrial bakery in Jeddah, Saudi Arabia. This acquisition bolsters the assets managed by GreenCorp, advancing its vision of a unified GCC platform spanning the entire food value chain. Jeddah: ­­­­­­GreenCorp has acquired Emad Bakeries, a prominent Jeddah-based producer of Arabic bread and pastries, in a strategic move that strengthens GreenCorp's food-focused investment platform within the GCC. Emad Bakeries operates the largest industrial fresh flatbread bakery in western Saudi Arabia, with state-of-the-art manufacturing facilities. This additional investment empowers Emad Bakeries' plans more

Green Corp acquires Jeddah-based Emad Bakeries to boost its investments in Saudi food processing capabilities and strengthen regional food security

GreenCorp, powered by a $150 million fund controlled by ultimate owner Gulf Islamic Investments group (GII), extended its food production and processing portfolio by acquiring Emad Bakeries, a leading industrial bakery in Jeddah, Saudi Arabia. This acquisition bolsters the assets managed by GreenCorp, advancing its vision of a unified GCC platform spanning the entire food value chain. 28 March 2024: Dubai, United Arab Emirates: GreenCorp has acquired Emad Bakeries, a prominent Jeddah-based producer of Arabic bread and pastries, in a strategic move that strengthens GreenCorp’s food-focused investment platform within the GCC. Emad Bakeries operates the largest industrial fresh flatbread bakery in western Saudi Arabia, with state-of-the-art manufacturing facilities. This additional investment empowers Emad more

From LA to Riyadh: Outer Edge Web3 Innovation Summit debuts in Saudi Arabia in partnership with Animoca Brands and KACST

Outer Edge, Animoca Brands and King Abdulaziz City for Science and Technology (KACST) present Summit on 23 April to highlight advances in Web3 and gaming ecosystem development in Saudi Arabia  21 March 2024, Riyadh – Outer Edge, one of the pioneer events in the world of Web3, tech, culture, and entertainment, today announced a partnership with Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and King Abdulaziz City for Science and Technology (KACST), the national labs of the Kingdom, to debut Outer Edge Riyadh on 23 April. The dynamic event is set to bring together some of the biggest names in the blockchain, AI, and gaming ecosystems from all over the world to Riyadh, Saudi Arabia. Outer Edge, historically based in LA and now expanding to the Middle East, is known for more

Automechanika Riyadh 2024 records a 448% increase in exhibitor numbers

The 2024 edition of the show will be the largest to date, as the Saudi automotive aftermarket is anticipated to top US$9.4 billion by 2027 Following unprecedented demand, the exhibition is now sold out, with more than 280 exhibitors confirmed More than 25% of exhibition show space will be dominated by first-time and returning Saudi exhibitors   Riyadh, KSA: Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will return to the Riyadh International Convention and Exhibition Center (RICEC) from 30 April to 2 May 2024. The exhibition’s most extensive edition to date will include a record number of exhibitors, with over 280 exhibitors confirmed and more than 8,000 visitors expected during the three-day showcase. Occupying three halls at RICEC, the 6th edition of the more

Banque Saudi Fransi and AstroLabs announce 2nd cohort of the “Banker Technologist” to empower Saudi Arabia's next-gen talents in financial sector

Following the success and impact of its first cohort, Banque Saudi Fransi (BSF) has announced the start of the second cohort of its “Banker Technologist” to nurture the growth of new tech talent pipelines in Saudi Arabia. The program is held in partnership with AstroLabs, the Gulf’s leading expansion platform. The initiative comes as part of the BSF's efforts to develop its human capital and accelerate its digital mindset while nurturing the growth of talent in the financial sector.  The kingdom is actively fostering a conducive environment for banking and financial innovation and strengthening its digital infrastructure in line with its Vision 2030 for digital transformation. At the helm of this growth are increasing digital consumers, driving demand for convenient, fast, and diverse financial products and more

Metro Brazil expands footprints in KSA to contribute to booming retail and eCommerce market

• The company's expansion is a result of thorough research on customer expectations, cultural nuances, fashion trends, and local payment methods. • The Saudi Arabia shapewear and stocking market is projected to reach a market size of more than USD 7 million by 2028   UAE, March 12, 2024: Metro Brazil, the leading retail and eCommerce company for Brazilian shapewear in the Middle East, expanded its operations into the ;Kingdom of Saudi Arabia (KSA) with its commitment to enhance the growing retail sector.  Projections indicate a substantial expansion of the KSA retail market,anticipated to reach USD 54.46 billion by 2028. Metro Brazil is poised to leverage this growth with its state-of-the-art eCommerce platform, and best in class products, addressing the evolving demands of the fashion retail more

New Murabba leads Saudi Urban Development Investment Drive at MIPIM 2024 France

Cannes, France – March 11, 2023 – New Murabba Development Company, a leading urban development destination in Saudi Arabia, is showcasing its transformative vision at the 2024 MIPIM, a prestigious real estate event gathering industry leaders from across the globe taking place on 12-15 March at the Palais des Festivals, Cannes, France. Under the “Invest Saudi” umbrella, New Murabba Development Company aims to attract international investment and highlight the Kingdom's commitment to economic diversification. New Murabba Development Company is currently in the development phase of New Murabba Modern Downtown, a transformative urban development in Riyadh, Saudi Arabia. New Murabba Development Company aims to create the world’s most transformative and modern city centre, which will serve as a model for more

Gulf Islamic Investments acquires a licensed investment and asset management firm in the Kingdom of Saudi Arabia

GII’s fully-fledged investment licence in the Kingdom, under the name Gulf International Investment Company, creates new opportunities to expand its business in the country through investments in leading local companies, and fostering exciting new investment and asset management partnerships from its Riyadh office. ​ Riyadh: The planned expansion of Gulf Islamic Investments (GII) across the Kingdom of Saudi Arabia has gained significant momentum with the acquisition of a Saudi Capital Market Authority (CMA) licensed entity. GII operations in Saudi Arabia will include corporate finance advisory, investment fund and asset management, private equity and structured finance. Its regulatory licences permit dealing as principal, agent and underwriter, arranging and advising of financial offerings, and managing more

UiPath Announces Investments in Saudi Arabia, Including First Saudi School of Automation and New Office Location in Riyadh

CEO Rob Enslin delivers a keynote address at LEAP 2024 UiPath Business Automation Platform to showcase leading AI and automation innovations in Hall 2A at booth H2.T28 NEW YORK and Riyadh, Saudi Arabia, March 4, 2024 – UiPath (NYSE: PATH), a leading enterprise automation and AI software company, today announced at LEAP 2024 its commitment to supporting digital transformation and workforce upskilling via modern AI and automation technologies in Saudi Arabia with new investments in the Kingdom. The UiPath Business Automation Platform connects people, technology, and processes in one integrated platform to further human achievement, advance innovation, and create more efficient ways of working. “AI and automation can help unlock our nearly limitless potential as humans. UiPath strives to accelerate human achievement by more


RCU engaged with representatives from sectors including construction, urban regeneration, economic development, and more to discuss capacity building and growing supply chain efficiency Leading contractors explored opportunities for future development projects, to share interest in bidding for upcoming tenders, and to engage with RCU as a partner of choice     AlUla, Saudi Arabia, 1 March 2024: The Royal Commission for AlUla (RCU) hosted leading contractors at its first-ever Supply Chain Forum, held at Riyadh’s Fairmont Hotel on 29th February.   The inaugural event was an opportunity to become part of RCU’s network of partners in diverse sectors, including construction, urban development, economic regeneration, and more, while helping to establish AlUla as the premier destination for more

Introducing the first global campaign for AlUla – Forever Revitalising

● Launching on 29 February 2024, Forever Revitalising encapsulates the essence of AlUla  ● More than a traditional destination marketing campaign, the creative communicates the purpose-driven investment in AlUla  ● The data-driven, digital-first activity debuts across nine source markets in six languages 4pm KSA, February 2024, AlUla, Saudi Arabia - The ancient oasis city in the northwest of Saudi Arabia, is set to embark on an exciting journey with the milestone launch of its inaugural global brand campaign, Forever Revitalising. Launching on 29 February 2024, the Forever Revitalising campaign encapsulates the essence of AlUla, presenting a refreshing and authentic perspective crafted to captivate travellers worldwide. With the ambition to be more than a traditional destination marketing campaign, the more

Saudi Arabia – Ejari's Sharia-Compliant Rental Platform Empowers Saudi Market.

Ejari has proudly announced the receipt of Sharia-compliant certification for its Rent Now, Pay Later platform in Saudi Arabia. This platform caters to the rental community, offering a rent-now-pay-later service to Saudi Arabia $20bn+ rental market where more than 70% of rentals are paid on an annual or bi-annual basis, offering tenants the convenience of flexible payment options. Since launching about 6 months ago they've received financing applications exceeding $16m. The significance of housing and housing finance in the development of Saudi Arabia's economy cannot be overstated, particularly in light of Vision2030. The Housing Program has been instrumental in pioneering various initiatives aimed at creating a vibrant environment for citizens, with a particular focus on boosting private sector investment to achieve a 70% more

LEAP 2024 Spotlight to Illuminate ‘Women in Tech'

Major uptick in female participation in Saudi Arabia’s tech mega event as dedicated program features high-level content, investment, mentorship & networking opportunities Women comprise almost a third of powerful speaker line up at LEAP 2024 Riyadh, Kingdom of Saudi Arabia – 22 February 2024: LEAP 2024, the world’s most attended technology event, will spotlight pioneering women in the global technology industry when the event’s third edition descends on Riyadh Exhibition and Convention Centre in the capital’s Malham district from March 4-7.   Organised by Tahaluf - the strategic joint venture between Informa PLC, the Events Investment Fund (EIF), and the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), alongside the Ministry of Communications and Information more

SNB Capital and Malaa Technologies Announce Partnership to Boost Fintech Services in Saudi Arabia

• SNB Capital signs MoU with fintech firm Malaa Technologies  • MOU to support the blooming fintech industry and enable financial inclusion in the Kingdom    RIYADH, Saudi Arabia: 15 February 2024 – Saudi Arabia’s largest asset manager, SNB Capital, has signed a Memorandum of Understanding (MoU) with fintech provider Malaa Technologies to provide easy, secure access to financial services and increase the flexibility of financial transactions.   The partnership, which was announced at SNB Capital’s inaugural Investment Tycoons Forum in Riyadh, will enable Malaa’s clients to access SNB Capital’s funds and products. Such access to advanced technology and data-driven insights will help guide clients toward an informed and optimal decision-making process for their more


Emkan Alarabiya, a pioneering fintech firm based in Saudi Arabia, has launched its automated platform designed to streamline Sukuk issuance processes. Today, the company proudly announces the certification of its platform's capability to issue Sukuk, marking a significant milestone in the realm of Sharia-compliant financing. Emkan Alarabiya's platform has undergone rigorous scrutiny, working closely with legal experts and Sharia scholars to automate Sukuk issuance processes while ensuring compliance with Islamic finance principles. Notably, the platform facilitates the issuance of Sukuks under the Murabaha modality. CEO Omar Radi noted the increasing importance of Sukuk issuance in today's financial landscape, citing rising demand and the instrument's Sharia-compliant nature. "Sukuk represents a powerful more

SenseTime MEA Partners with Mawhiba Foundation to Empower Saudi Arabia's AI Talent

Jeddah: SenseTime MEA, a leader in artificial intelligence (AI) software and a Joint Venture with the Saudi Public Investment Fund (PIF), has entered into a memorandum of understanding (MoU) with the King Abdulaziz and His Companions Foundation for Giftedness and Creativity (Mawhiba) to nurture talented students, enhance their digital skills, and empower them to contribute to the future development of the Kingdom in the field of AI. This partnership demonstrates SenseTime MEA's commitment to fostering the skills of the next generation in AI, supporting local talents in advanced technology fields, and enriching the abilities of gifted students. By broadening their horizons and helping them understand global perspectives in AI, SenseTime MEA aims to enable them to contribute to the realization of the Kingdom's Vision more

Leejam Sports Inaugurates Two New Fitness Clubs at the Headquarters of Saudi Awwal Bank

Riyadh, Saudi Arabia, February 11, 2024: Leejam Sports Company, the proud owner of the "Fitness Time" brand, has officially opened two fitness clubs at the new headquarters of Saudi Awwal Bank (SAB) in Alyasmin neighborhood of Riyadh. According to a five-year agreement with SAB, Leejam manages and operates two distinct fitness clubs under the name "SAB Gym," one for women and one for men, each tailored to meet the specific needs of its clientele.   Leejam Sports achieved exceptional success in the past year, ranking fifth globally in terms of market capitalization for fitness companies. Breaking records in the third quarter of 2023, with over 448,000 memberships, the company witnessed increased profits, continued expansion, and development. By the beginning of 2024, Leejam boasted 188 sports clubs and more

Saudi Arabia – IBDA Real Estate platform creates Sharia compliant investment opportunities.

February 7th, 2024 - 8:00 AM: Saudi based fintech, IBDA Real Estate platform facilitating listing and investment opportunity in real-estate properties receives Shari’a certification from Shariyah Review Bureau (SRB) for its offerings. Waleed albawardi – Founder & CEO at IBDA Real Estate platform said “IBDA Real Estate platform provides a groundbreaking platform allowing property owners to list their properties for sale or opt for a unique usufruct right sale. Owners can now sell either a portion or the entirety of their property to a group of buyers or choose to retain ownership while selling the usufruct rights for immediate liquidity. This dual-service approach caters to the diverse financial needs of property owners and investors, setting a new standard for secure and Shari'a-compliant real estate more

Aseer Investment Company launches operations to drive investment in the Aseer region

Riyadh, Saudi Arabia – 6 February 2024: Aseer Investment Company (AIC) has launched operations to support the transformation of the Aseer region into a year-round destination with a focus on tourism, sports and wellness. The company is fully owned by the Public Investment Fund (PIF) and was announced in December 2022 to stimulate local and international investment in the region. ​ ​AIC will unlock a wide array of investment opportunities across 12 sectors including hospitality, entertainment, education, F&B, technology and retail. It aims to create mutually beneficial partnerships with international investors as well as public and private sector entities.​ The company’s vision is to be a regional investment leader with an ability to foster opportunities for everyone and to more

Gilead Sciences Appoints Dr. Eid Mansour as the New General Manager in Saudi Arabia

Saudi Arabia, 02 February, 2024:  Gilead Sciences, a leading biopharmaceutical company, is proud to announce the appointment of Dr. Eid Mansour, a seasoned professional with a remarkable track record, as General Manager (GM), Saudi Arabia to lead the company’s operations and growth in the Kingdom. Dr. Mansour is a Medical Doctor and brings eighteen years of experience in the pharmaceutical industry in strategic, and leadership roles at Global and European levels, leading multicultural teams and building new capabilities (teams/departments), with a track record of successful business endeavors in multiple countries across the globe. Dr. Mansour has a rich history with Gilead, previously leading the HIV business, building the Market Access Capability Department and launching the digital transformation for Gilead in the more

Saudia Cements Position as Trailblazer, becoming Kingdom's first Airline customer to adopt RISE with SAP on Google Cloud

As part of wider transformation strategy, Saudi Arabia’s national flag carrier will partner with SAP to accelerate move to cloud, storing data on Google’s Dammam Cloud Region  Senior executives attending the signing ceremony included (center) Fahd Nawwab, Vice President, SAP KSA and Abdulgader Attiah, Chief Data and Technology Officer of Saudia Group (both seated); and (standing) Ahmed AlFaifi, Senior Vice-President and Managing Director, SAP Middle East & Africa - North and Abdul Rahman Al Thehaiban, Google Cloud Managing Director, Middle East, Turkey & Africa.    RIYADH, KSA — 31 January, 2024 — Saudia, the national flag carrier of Saudi Arabia, has become the first airline customer to adopt the newly launched RISE with SAP on Google Cloud in the country. The move is part of the more

Henkel and Al Dawaa Pharmacies Mark Growing Partnership with Coloration Event in Saudi Arabia

Dammam, Saudi Arabia, 29 January 2024: Henkel’s brand, Palette and Al Dawaa Pharmacies commemorated their growing collaboration with an exclusive coloration event at one of Al Dawaa's flagship stores in Khobar, Kingdom of Saudi Arabia. The event marked the successful partnership, centered around Henkel’s renowned Schwarzkopf brand, Palette, an esteemed hair color expert trusted by millions of women worldwide.   In Saudi Arabia, Henkel and Al Dawaa Pharmacies’ collaboration has significantly expanded the accessibility of Palette’s Intensive Color Care (ICC) and Natural Care (PNC) product lines, doubling the number of stores offering these popular products.   Irina Eliseeva, GM GCC Henkel Consumer Brands commented: “The synergistic partnership between Al Dawaa Pharmacies and Henkel's more

“Careem” Launches “Madinah Tour” Service to support Tourism in Partnership with Madinah Development Authority

 The newly launched service is available in Madinah, and provides a reliable and seamless commuting experience to visit 12 of the most important historical and touristic sites.  This comes as part of Careem's ongoing commitment to bring solutions that enhance the overall commuting experience, and aims to support local tourism and achieve Saudi Vision 2030 goals.   The service is available in two options,  the first includes a two-hour tour, allowing visitors to explore up to 5 historical sites. While the second provides a 5-hour tour, covering up to 12 historical sites. Riyadh, Saudi Arabia – 25th January 2024: Careem, the region’s leading multi-service app, announced today the launch of the "Madinah Tour" service in partnership with the Madinah Development Authority. The more

Almana Wins First Place in Beneficiary Experience Satisfaction Rate for 2023

10 January 2024, Dammam, KSA – In a significant achievement for person-centered care, Almana Group of Hospitals has been recognized as the leading private sector hospital with the highest Beneficiary Experience Satisfaction Rate for 2023 in the Eastern Province. This prestigious honor was bestowed during the "Patient Experience Coordinators 2024" Forum, hosted by the General Directorate of Health Affairs in the Eastern Province. The annual forum applauds healthcare institutions for achieving high levels of patient and beneficiary satisfaction and emphasizes systematic approaches to managing reports within the General Directorate of Health Affairs. It also addresses allegations of maltreatment and implements procedures to minimize complaints. Almana's outstanding performance in beneficiary satisfaction underscores more

Saudi Premium Residency Center Launches Five New Products to Attract and Retain Talents, Investors and Entrepreneurs

Riyadh, Saudi Arabia. 10 January 2024– In line with the vision of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Prime Minister of the Kingdom of Saudi Arabia, His Excellency Dr. Majid bin Abdullah Alkassabi, Chairman of the Board of the Premium Residency Center, has announced the launch of five new Premium Residency products. These products align with national goals to boost Saudi Arabia's position as a global hub, attracting skilled professionals and investments. The initiative aims to further drive the country’s economic transformation by creating employment opportunities and fostering knowledge transfers. Alkassabi outlined that the five new Premium Residency products are the Special Talent, Gifted, Investor, Entrepreneur, and the Real Estate Owner Residency. He emphasised that more

Salam Takes the Lead in Saudi Arabia's Fixed Broadband Race

Jeddah:  Opensignal, the global provider of independent insights into the connectivity experiences and decisions of consumers, has released its latest report on the fixed broadband experience in Saudi Arabia. The report reveals that Salam leads the pack across all five key metrics of user experience, delivering the fastest downloads, smoothest streaming, and most consistent quality for internet users across the Kingdom. In its latest study, Opensignal has delved deep into the real-world fixed broadband landscape in Saudi Arabia, offering a comprehensive look at user experiences across the nation, including major cities like Riyadh, Jeddah, Dammam, and Mecca. Evaluating five crucial metrics, Opensignal provides valuable insights into the performance of leading broadband providers in the region.  Salam has truly emerged as more

SPARK and Bin Saedan Launch Two Key Residential and Commercial Projects Valued at $65 million

• SPARK and Affordable House Company (part of Bin Saedan Group) launch two key projects in the residential and commercial areas valued at $65 million and spread over 50,000 square meters • The groundbreaking ceremony took place announcing the construction of the state-of-the-art 459 residential apartment complex  • In addition, SPARK signed a lease agreement with Affordable House Company to develop a multipurpose commercial office complex   Saudi Arabia, 27 December 2023 - King Salman Energy Park (SPARK), the leading energy industrial ecosystem, announced the significant expansion of its commercial and residential offerings in partnership with Bin Saedan Group’s Affordable Housing Company. This marks the third investment between SPARK and Bin Saedan Group, a leading real estate developer in the more

ACWA Power joins Japanese think Tank, Boosting Research Capabilities

Membership will allow Riyadh-based utilities supplier to develop its green hydrogen and renewable energy capabilities  Riyadh, Kingdom of Saudi Arabia: – 25 December 2023: Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has become a full member of the Institute of Energy Economics, Japan (IEEJ), a think tank focusing on energy, economic and environmental issues.  The membership will allow ACWA Power to benefit from IEEJ’s experience in analysing energy problems and providing data-led solutions. ACWA Power has gained access to valuable resources such as IEEJ’s vast database of original research that will allow it to strengthen its focus on green hydrogen and renewables, aligning with the more

Deloitte Partners with Fintech Saudi to Launch Makken Program

Riyadh, Saudi Arabia, 21 December 2023 – Deloitte, the leading global professional services firm, is partnering with Fintech Saudi to foster the growth of emerging companies in Saudi Arabia’s financial technology sector through the Makken Program. Saudi Fintech is an initiative by the Saudi Central Bank in collaboration with the Capital Market Authority, aiming to transform Saudi Arabia into an innovative fintech hub with a thriving and responsible fintech ecosystem. Makken, meaning Empower, is a program designed to support entrepreneurs and startups in Saudi Arabia’s fintech industry through financial support and a comprehensive suite of services, including technology, cloud computing, cybersecurity, and more. The program was officially launched earlier this week in Riyadh, in the distinguished attendance of His more

Al-Hatab Bakery trusts Daikin Refrigeration Solutions in Saudi Arabia

The agreement aligned with the Kingdom’s commitment to adopting climate-friendly refrigeration solutions. Riyadh, Kingdom of Saudi Arabia, December 20, 2023: Daikin Air Conditioning Saudi Arabia (“Daikin”), a leading manufacturer of Air Conditioning, Heating, Ventilation, & Refrigeration solutions announces its agreement signed with Al-Hatab Bakery Factory 2 in Sudair Industrial Area, Saudi Arabia. Al Hatab Bakery’s strategic expansion to implement climate-friendly refrigeration solutions in its business model is in line with Daikin’s agenda to support its partners and customers in adopting advanced and sustainable cooling solutions. The agreement was signed by Mr. Ammar Al Daajan, Vice President of Al-Hatab Bakery, and Mr. Shinji Jodo, Managing Director of Daikin Saudi Arabia. It consists of more

Danaher Establishes Regional Headquarters in Riyadh, Reinforces Position as a Global Leader in Diagnostics and Life Sciences

RIYADH, December 13, 2023 - Danaher Corporation, a leading global life sciences and diagnostics innovator, inaugurated its regional headquarters in Riyadh, Saudi Arabia, on December 4, 2023, in the presence of H.E. Ibrahim Al Mubarak, Assistant Minister, Ministry of Investment Saudi Arabia. This event marks a key milestone in the company’s commitment and recognition of the Kingdom’s healthcare ambitions, as outlined in Vision 2030. Through its operating companies, Danaher is uniquely positioned to support healthcare in the region by applying its advanced science and technology - and proven ability to innovate – to help enable faster, more accurate diagnoses and help customers reduce the time and cost needed to sustainably discover, develop, and deliver life-changing therapies. The opening of the regional headquarters more

IT Managed Services Sector Valued at US$1.3 Billion in Saudi Arabia as Companies' Reliance on IT Managed Services Increases in 2023

• IT channel partners selling managed services are poised for robust growth in 2023, with a new forecast predicting global expansion of 12.7 percent, up from US$419 billion in 2022.  • Growth in managed services is projected to surpass growth in overall IT spending, fuelled by a rising demand for cybersecurity services and expertise. More than half (56 percent) of channel partners expect revenue growth from cybersecurity managed services in 2023. • Managed Service Providers are uniquely positioned to help companies adapt to emerging technologies and optimize IT investments with agile and customizable solutions that meet business needs and challenges.   Riyadh, Saudi Arabia, 13 December 2023: Findings from a global study commissioned by Cisco (NASDAQ: CSCO) and conducted by Canalys, reveal that IT more

ToYou is the First Super App in Saudi Arabia to Implement the Innovative Buy Now Pay Later Feature

Riyadh, Saudi Arabia, December 05, 2023: ToYou, a Saudi-based super app, has significantly enhanced the online shopping experience by introducing the Buy Now Pay Later (BNPL) feature. Launched in January 2023, ToYou is the first to adopt this payment solution, influencing others to follow. With its convenience and flexibility, ToYou Pay Later has transformed how customers shop and pay for purchases. To avail themselves of the ToYou Pay Later feature, customers can select the option during the checkout process on the ToYou Super app. No additional charges or fees are associated with this feature, making it an attractive choice for users. The ToYou Pay Later feature is available across all cities in Saudi Arabia, offering convenience and accessibility to customers nationwide. Introducing the BNPL feature on ToYou empowers customers more

BinDawood Holding Company Earns Honorary Shield for Compliance Excellence

Jeddah:  BinDawood Holding Company has announced its distinguished recognition by the General Authority for Competition, receiving an Honorary Shield for being one of first companies obtaining a Compliance Certificate in the Kingdom of Saudi Arabia. The accolade was presented during the launch ceremony of the electronic compliance portal held in Riyadh under the patronage of His Excellency, Dr. Ahmed bin Abdul Karim Al-Khulaifi, Chairman of the Authority’s Board of Directors, on Tuesday, December 5th, in Riyadh.   The Compliance Certificate is one of the initiatives of the General Authority for Competition aimed at supporting the compliance of companies aligning with the Competition Law and its implementing regulations. BinDawood Holding Company received this esteemed certificate on June 4, 2023, highlighting its more

Savoye Acquires a Major Contract in KSA to Support CJ Logistics and iHerb with World-class Automation Solutions

Savoye was selected as the automation and technology partner to fully automate the e-commerce Global Distribution Center of iHerb in KSA, first of its kind in the region November 21, 2023:  Savoye, a leading global warehouse automation integrator and software publisher in the Middle East, partnered with CJ Logistics, a 3PL services company operating for iHerb, the leading global eCommerce retailer for health and wellness, in Riyadh, Kingdom of Saudi Arabia (KSA), to deliver world-class automation solutions for its e-commerce Global Distribution Center (GDC). The strategic partnership is a significant development for Savoye in KSA, following its recent expansion into the region.  Under the terms of the partnership, Savoye will implement a fully automated fulfilment center, the first-of-its-kind in the region, which more

Saudi-based FM Professionals Soar to New Heights Following Investment in L&D

The first cohort of senior executives from Musanadah, a leading Saudi-based integrated facilities management organization, have completed comprehensive management acceleration leadership program’s in collaboration with leading international business school, INSEAD, designed to empower high-potential individuals and enhance the skillset of key employees within the group. Organized by Musanadah’s parent company, Alturki Holding, and taught by INSEAD - one of the world's leading business schools headquartered in France - the new management acceleration leadership program’s are an immersive learning experience designed to advance the strategic thinking and leadership capabilities of selected directors from various subsidiaries within the diversified, 100 per cent Saudi-owned group. Tailored specifically to the more

Bupa Arabia's Marathon in Jubail Industrial City: A Pinnacle of Healthy Living

Bupa Arabia for Cooperative Insurance announced its highly anticipated marathon, which took place on Saturday, November 18, 2023, in Jubail Industrial City. This event was a key initiative under Bupa Arabia's "Live Right" program, aimed at raising awareness about physical activity and promoting a healthy lifestyle. In collaboration with the Social Services Department of the Royal Commission in Jubail, the marathon aimed to unite residents of the Eastern Province for a day replete with fitness, camaraderie, and community engagement. The marathon, which kicked off at 4:00 pm from Dareen Beach in Jubail Industrial City, offered three distinct races tailored to participants of diverse abilities and fitness levels. The 10-kilometer race catered to professionals, a 5-kilometer race for families, and a 3-kilometer race for more

Al Ain Allied Investment Unveils Comprehensive E-Commerce Solutions

Al Ain Allied specialises in end-to-end e-commerce support, from creating seller and ads accounts to implementing strategic digital marketing activities Dubai, United Arab Emirates, November 2023: Al Ain Allied Investment, a pioneer in the digital marketing and online seller accounts consulting space, proudly announces its commitment to revolutionise e-commerce businesses through tailored strategies and proven results. Established in 2017, Al Ain Allied specialises in end-to-end e-commerce support, from creating seller and ads accounts to implementing strategic digital marketing activities. The company is dedicated to driving results through effective and measurable solutions, collaborating closely with clients to enhance brand awareness, increase sales opportunities, and maximise marketing budget ROI. Dr Ziad Amir Saleh, more

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Cummins Arabia Signs MoU with Al Rasheed Co., Strengthening Its Foothold in Saudi Arabia's Defense ...…

November 02, 2023 — Cummins Arabia announced the signing of a Memorandum of Understanding (MoU) with Al Rasheed Co. to explore mutually beneficial business opportunities within the defense sector in the Kingdom of Saudi Arabia. With a rich history and expertise in serving the defense segment, Cummins Arabia will bring innovative and reliable power solutions that cater to the unique more

The Saudi Investment Bank Signs an Official Partnership Agreement with Real Madrid CF…

• The Saudi Investment Bank becomes the official partner of Real Madrid CF • A testament to the bank’s commitment to its clients to offer unique experiences   Riyadh, Saudi Arabia, 1  November  2023 - The Saudi Investment Bank (SAIB) announced today its new partnership agreement with Real Madrid CF. This collaboration aims to introduce unique customer more

Nahdi Records SAR 722 million Net Profit as of 9M 2023…

• Generates SAR 6.5 billion in revenue and SAR 722 million net profit yielding 11.1% net margin as of 9M 2023. • Strong fundamentals and diversified business model enabling market share growth while accelerating development of healthcare and e-commerce platforms.     Jeddah, Saudi Arabia – 1 November 2023: Nahdi Medical Company (“Nahdi” or more

First Milling Company Records SAR 718 Million Revenue and 23% Net Profit Margin in First Nine ...…

Jeddah, Saudi Arabia – 31 October 2023: First Milling Company (“the Company”, or “First Mills”), a market-leading Saudi milling company, today announced its financial performance for the first nine months (“9M”) and third quarter (“Q3”) of 2023. Commenting on the financial results, Abdullah Ababtain, Chief Executive Officer of First Mills, more

Saudi Exchange Announces its Intention to Launch Single Stock Options Contracts…

• Single Stock Options (SSOs) contracts are the third derivatives product to be introduced in the Saudi Exchange • The Saudi Exchange will launch physically settled American options • SSOs contracts will be available to trade on the 27th of November 2023   Riyadh – 29 Oct 2023: The Saudi Exchange today announced its intention to launch the Single Stock more

KAFD Announces Deloitte's Plans To Open New Regional Headquarters In The District…

Riyadh, Saudi Arabia, 25 October 2023 – The King Abdullah Financial District Development and Management Company (KAFD DMC) announced the plans of Deloitte, the largest professional services firm in the world, to open a new regional headquarters in the King Abdullah Financial District (KAFD) in Riyadh, in order to enhance its presence in the Kingdom of Saudi Arabia and the Middle more

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