Bahri reports first quarter 2026 results with net profit of sar 2.15 billion

Q1 2026 revenue of SAR 4.96 billion (+129% YoY), driven mainly by higher freight rates, supported by a larger fleet and increased charter activity to meet customer requirements. Q1 2026 EBITDA of SAR 2.84 billion (+137% YoY) and net profit of SAR 2.15 billion (+303% YoY), with growth led by Bahri's crude oil transportation business. Bahri exercised prudent stewardship and maintained crew and vessel safety amid disruption and conflict in the Arabian Gulf, with all vessels commercially deployed. Riyadh, Kingdom of Saudi Arabia – 30 April 2026: The National Shipping Company of Saudi Arabia ("Bahri" or the "Company", 4030 on the Saudi Exchange), the Kingdom's leading shipping and logistics provider, announced its financial results for the first quarter of 2026, reporting revenue and net ......read full article

'Invest Saudi' Concludes Participation in SusHi Tech Tokyo 2026

Tokyo, April 30, 2026, SPA -- Saudi Arabia concluded its participation in the SusHi Tech Tokyo 2026 innovation and technology exhibition, held from April 27 to 29, in the presence of Saudi Ambassador to Japan Dr. Ghazi Binzagr. The participation highlighted the strength of the strategic partnership between the two countries and the Kingdom's growing position as a global hub for innovation and entrepreneurship. The exhibition featured several activities and sessions, including a strategic workshop held in partnership with the Tokyo Metropolitan Government on positioning Saudi Arabia as a global destination for entrepreneurship. The workshop showcased regulatory reforms, national policies, and strategic investments supporting Saudi Vision 2030 and attracting global capital. It drew significant interest from Japanese investors and ......read full article

Eddekhar Gains Sharia Approval from SRB for Employee Savings Offering

Eddekhar ("Eddekhar"), a workplace-based savings platform that enables employees to build savings through automated salary deductions, has received Sharia certification from Bahrain-based Shariyah Review Bureau ("SRB"). The certification confirms that Eddekhar's savings framework, which offers both investment-based savings in approved funds and non-investment savings through Murabaha financing structures, aligns with Sharia principles.   Digital financial platforms can reshape personal savings behavior as individuals increasingly adopt technology-enabled solutions that automate financial planning and improve access to investment opportunities. Workplace savings programmes have gained attention as employers seek to support employee financial wellbeing while ......read full article

EXEED delivers comprehensive Q1 performance across global markets

Riyadh, Kingdom of Saudi Arabia – April 26, 2026: EXEED has closed an active first quarter globally, with its operations under Arabian Heritage Motors by Al Ghurair continuing to build on the Kingdom's position as a priority market. From rigorous product validation to channel expansion and brand building, EXEED has shown the systemic resilience and technological depth that now underpin its growth across key regions, including the Middle East. In January, the brand unveiled its largest flagship showroom in the MENA region in Riyadh. The 5,000-square-metre space offers an immersive environment that brings together product experience and brand culture. A second showroom has since opened in Jeddah, widening Saudi customers' access to EXEED's premium line-up. Beyond the Kingdom, EXEED is making steady progress across ......read full article

ZATCA Calls on Businesses to Submit 2025 Zakat and Income Tax Returns by April 30

Riyadh, April 23, 2026, SPA -- The Zakat, Tax and Customs Authority (ZATCA) has urged businesses to submit their zakat and income tax returns for foreign establishments for the fiscal year ending December 31, 2025, no later than April 30, 2026. This call aligns with Article 102 of the Executive Regulations for Zakat Collection and Article 60 of the Income Tax Law, both of which require taxpayers to submit returns and fulfill their financial obligations within 120 days of the end of their fiscal year. The authority encouraged businesses to expedite their submissions through the e-services portal on the official ZATCA website to ensure compliance and avoid late-filing penalties. To support taxpayers, ZATCA has made several inquiry channels available, including a 24/7 unified call center at 19993, the "@Zatca_Care" social media ......read full article

Saudi Stock Exchange Ends Trading Lower

Riyadh, April 22, 2026, SPA -- The Saudi Stock Exchange main index ended trading lower today, losing 99.97 points to close at 11,244.99 points. The total value of trading reached SAR4.9 billion, with 280 million shares traded. The Saudi Parallel Market Index (NOMU) ended higher, gaining 1.18 points to close at 22,861.47 points. Trading value on NOMU reached SAR15 million, with more than two million shares traded.

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GWC Group Closes Q1 2026 with QAR 33.7 Million Net Profit in Full Delivery of Plan

–  GWC Group posts robust Q1 2026 figures –  Sheikh Mohammed Bin Hamad: Rapid response demonstrates the founding principles of GWC Group — present, reliable and responsible for Qatar and the region when it matters most –  Sheikh Abdulla Bin Fahad: In partnership with the Qatar Government, GWC Group opened new sea, land and air corridors to safeguard strategic food supplies and protect Qatar’s supply chains –  Matthew Kearns: GWC Group drew on the full strength of its GCC network to build end-to-end supply chains in real time, closing the quarter with a safe workforce and customer commitments upheld   Gulf Warehousing Company Q.P.S.C. (GWC Group), one of the region’s leading logistics groups providing cross-border and integrated logistics solutions, released its ......read full article

Saudi Venture Capital Invests in Growth Catalyst Fund

Riyadh, April 20, 2026, SPA -- Saudi Venture Capital (SVC) announced its investment in Growth Catalyst Fund, a private equity fund managed by the CMA-licensed Growth Catalyst Investment Company. According to a press release issued by the SVC, the fund aims to invest in companies at the growth and expansion stage in Saudi Arabia and across the GCC, providing capital and operational expertise to support sustainable growth, enhance operational efficiency, and strengthen market competitiveness. It focuses on key sectors, including healthcare, education, consumer, defense industries, environment and renewable energy, as well as food and beverage, targeting opportunities with strong growth potential and innovative capabilities. Deputy CEO and Chief Investment Officer at SVC Nora Alsarhan stated: “The investment in Growth Catalyst ......read full article

Over 1.5 Million Truck Trips Recorded on Saudi Arabia's Road Network in Q1 2026

Riyadh, April 15, 2026, SPA -- The Roads General Authority announced more than 1.5 million truck trips were recorded across the Kingdom of Saudi Arabia’s road network during the first quarter of 2026, reflecting the efficiency of the sector’s infrastructure and its role in supporting logistics movement, strengthening supply chains, and ensuring smooth transport across domestic and international routes. It noted that this volume of trips ensures the flow of supply chains and meets the needs of economic sectors, enhancing the reliability of the road network and supporting the movement of goods between the Kingdom and GCC countries. This is part of ongoing efforts to improve network efficiency and develop transport and logistics services. The Kingdom’s road network exceeds 73,000 km, ranking first globally in ......read full article

SDAIA and World Bank Group Advance AI Governance Through Five-Day Workshop in Washington

Washington, April 11, 2026, SPA -- A high-level international workshop on AI governance and international cooperation concluded in Washington. The event, organized by the Saudi Data and AI Authority (SDAIA) in collaboration with the World Bank Group, was held from April 6 to 10 and brought together international experts and representatives from various organizations and government entities. The workshop featured sessions on global best practices in AI governance, as well as the development of regulatory frameworks aimed at promoting responsible technology use and supporting a secure and trusted digital ecosystem. Discussions also addressed ways to strengthen international cooperation and knowledge exchange, align national policies with global frameworks, and anticipate challenges associated with the rapid advancement of data and ......read full article

Mawani's March Transshipment Containers Rise 6.66% to 148,192 TEUs

Riyadh, April 10, 2026, SPA -- The Saudi Ports Authority (Mawani) recorded a 6.66% increase in transshipment containers in March 2026, reaching 148,192 TEUs, compared with 138,937 TEUs in the same period last year. Container throughput fell 34.85% to 456,606 TEUs, compared with 700,864 TEUs in the same period last year. Inbound containers declined 42.04% to 163,142 TEUs, while outbound containers dropped 48.20% to 145,272 TEUs. Total tonnage of general cargo, dry bulk cargo, and liquid bulk cargo handled fell 25.70% to 11,278,830 tons, compared with 15,179,503 tons in the same period of 2025. Passenger numbers rose 25.89% to 73,742, compared with 58,576 passengers last year. Maritime traffic declined 20.28% to 1,124 vessels, compared with 1,410 vessels in the same period last year. Vehicle volumes fell 61.74% to 34,534, ......read full article

ZATCA Urges Establishments to Submit March 2026 Withholding Tax Forms

Riyadh, April 05, 2026, SPA -- The Zakat, Tax and Customs Authority (ZATCA) has called on establishments subject to withholding tax in the Kingdom to submit their March 2026 withholding tax forms by April 10, 2026. Submissions must be completed via the authority's website at zatca.gov.sa to avoid a late payment penalty of 1% of the unpaid tax for every 30 days past the due date. The authority also invited business sector taxpayers seeking further information on withholding tax to contact its unified call center at 19993, available 24/7, or to reach out through X at @Zatca_Care, by email at info@zatca.gov.sa, or via live chat on the official website. Withholding tax applies to payments made from Saudi sources to non-resident entities that do not have a permanent local establishment, at rates stipulated in the Income Tax Law.

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Funding Gate Enables SMEs to Expand, Grow

    Riyadh, March 31, 2026, SPA -- The Small and Medium Enterprises Bank (SME Bank) continues its role in empowering the SMEs sector through the Funding Gate, which was launched as a digital platform that connects enterprises with financing entities, enabling them to access suitable financing solutions and enhance opportunities for growth and expansion. The gate also aims to provide multiple financing options through a unified platform that connects enterprises with financing entities, allowing business owners to review all available financing offers and select the most appropriate solutions. The total value of funds provided through the gate has exceeded SAR36 billion since its establishment. The Funding Gate is linked to more than 50 financing partners, including commercial banks, non-banking financial companies, ......read full article

Saudi Stock Exchange Ends Trading Higher

Riyadh, March 30, 2026, SPA -- The Saudi Stock Exchange main index ended trading higher today, gaining 90.87 points to close at 11,167.27 points. The total value of trading reached SAR6 billion, with 298 million shares traded. The Saudi Parallel Market Index (NOMU) ended higher, gaining 131.44 points to close at 22,883.26 points. Trading value on NOMU reached SAR24 million, with more than 3.3 million shares traded.

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Gold Prices Jump over 3%

New York, March 28, 2026, SPA -- Gold prices increased by over 3% today on dip-buying after a pullback earlier this week as investors looked for signs of de-escalation in the conflict in the Middle East. Spot gold rose 3.6% to $4,536.29 per ounce, while US gold futures for April delivery also increased by 3.6%, reaching $4,533.70. In addition to gold, other precious metals saw significant gains: spot silver surged 4.4% to $71.01 per ounce, platinum rose 3% to $1,882.05, and palladium climbed 3.7% to $1,403.54.

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Fortinet Report: 1300% Surge in AI-Driven Cyber Fraud

Saudi Arabia Leads Banking Cyber Readiness in the Middle East and Africa     A recent technical report revealed a significant escalation in cyber risks facing financial institutions across the Middle East and Africa, driven by the accelerating pace of digital transformation and the expanding reliance on cloud infrastructure and advanced technologies.   The report indicated a global increase of 1300% in fraud operations based on Deepfake technology during 2024, with a growing trend toward targeting digital banking services and mobile banking through phishing attacks and AI-driven digital identity impersonation. External Parties The report titled "Cybersecurity for the Banking Sector in the Middle East and Africa 2026", issued by Fortinet, the global cybersecurity leader driving the convergence ......read full article

Saudi Stock Exchange Ends Trading Higher

Riyadh, March 08, 2026, SPA -- The Saudi Stock Exchange main index ended trading higher today, gaining 230.87 points to close at 11,007.19 points. The total value of trading reached SAR5.6 billion. The Saudi Parallel Market Index (NOMU) also ended higher, gaining 113.33 points to close at 22,610.31 points. The trading value on NOMU reached SAR11 million, with over 1.3 million shares traded.

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ZATCA Urges Establishments to Submit February Withholding Tax Forms by March 10

Riyadh, March 05, 2026, SPA -- The Zakat, Tax and Customs Authority (ZATCA) has urged establishments subject to withholding tax to submit their tax forms for February 2026 no later than March 10, 2026. Submissions must be completed via the official website (zatca.gov.sa) to avoid late penalties, which are calculated at 1% of the unpaid tax for each 30-day delay. Withholding tax applies to payments made from Saudi sources to non-resident entities without a permanent local establishment, as per the rates defined in the Income Tax Law.

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IsDB, Uzbekistan Sign Financing Agreements in AlUla for Transport and Education Sectors

AlUla, February 08, 2026, SPA -- Islamic Development Bank (IsDB) Group President Dr. Muhammad Al-Jasser and Uzbekistan's Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov signed financing agreements to support key infrastructure and social development projects on the sidelines of the Second AlUla Conference on Emerging Market Economies. The two sides also held talks to expand cooperation between the IsDB and Uzbekistan, focusing on accelerating high-impact initiatives aligned with Uzbekistan's national development priorities. The first agreement covers a $70 million phase of the IsDB’s total $192 million commitment to rehabilitate the 4R40 Dashtabad–Zaamin–Bakhmal–Galyaaral road. The financing will support the reconstruction of 143 kilometers of the regional highway and the ......read full article

IsDB Chair Meets Djiboutian Minister of Economy, Finance

Jeddah, February 4, 2026, SPA -- Islamic Development Bank (IsDB) Group Chairman Dr. Muhammad Al Jasser met yesterday in Jeddah with Djiboutian Minister of Economy and Finance Ilyas Moussa Dawaleh. The meeting focused on strengthening the strategic partnership and initial measures aligned with Djibouti’s national economic and investment development agenda, as well as discussing future cooperation, including preparations for a participation framework with the scheduled countries in 2027. Dr. Al Jasser affirmed IsDB’s commitment to supporting the health sector, urban development, food security, and inclusive and sustainable growth, in addition to enhancing resilience to drought and climate change.

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Hilton Signs First Tapestry Collection by Hilton in Saudi Arabia with Al Musbah Group

Diyar Ajwa, Tapestry Collection by Hilton, is expected to open later this year Hilton to debut lifestyle brand in the Kingdom with a locally inspired property in the heart of Madinah RIYADH, Saudi Arabia – 10 July 2025: Hilton (NYSE: HLT) today announced the signing of Diyar Ajwa, Tapestry Collection by Hilton, in partnership with Al Musbah Group – marking the debut of the lifestyle Tapestry Collection brand in Saudi Arabia. Expected to open later in 2025, the new signing reinforces Hilton’s continued expansion in the Kingdom and adds to its growing presence in one of the world’s most significant religious tourism destinations. With this addition, Hilton remains on track to reach its milestone of 100 hotels trading and in the pipeline across Saudi Arabia. Strategically located ......read full article

Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensive Infrastructure Solutions Across Middle East and GCC

Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region. This collaboration combines Hibrid's cutting-edge streaming platform with Alibaba's robust infrastructure capabilities to enhance content delivery, optimize network performance, and provide scalable solutions tailored to the unique needs of the Middle Eastern market. The partnership aims to empower businesses across various sectors, including media, telecommunications, and entertainment, by facilitating seamless streaming experiences backed by ......read full article

HSA Group Appoints Mr. Dirhem Abdo Saeed as Chairman of the Board

Dubai, UAE – 18 June 2025, HSA Group is proud to announce the appointment of Mr. Dirhem Abdo Saeed as Chairman of the Board, marking a significant milestone in the Group’s 88-year legacy as one of the Middle East’s leading multinational family businesses. With over 40 years of international business experience, Mr. Dirhem is a seasoned and accomplished business leader who has played a key role in the Group’s strategic growth across the Middle East, Africa, Asia, and Europe. He previously served as Vice Chairman of the Board, contributing significantly to the Group’s global expansion and resilience. At the heart of Mr. Dirhem’s leadership is a deep commitment to serving communities, improving the lives of millions, and championing sustainable development. He believes that the true measure of ......read full article

Islamic Development Bank Institute Engages Global Stakeholders to Advance Islamic Finance during Group Annual Meetings in Algiers

The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance JEDDAH, Saudi Arabia, June 2, 2025/ -- The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries. Led by Dr. Sami Al-Suwailem, Acting Director General, the IsDBI team included Mr. Mohammad Khalid Jawahir, Senior Islamic Finance Specialist; Dr. Hylmun Izhar, Senior Research Economist; and Dr. Wejdan Kenali, Senior Editor. The IsDBI’s ......read full article

Panasonic Forges Retail Partnership with SACO to Enhance Customer Experience in Saudi Arabia

Panasonic bats for enhanced service and supply efficiency by collaborating with Saudi Company for Hardware (SACO) Riyadh, Saudi Arabia Panasonic Marketing Middle East and Africa (PMMAF) has revealed a groundbreaking strategic partnership with Saudi Company for Hardware (SACO), KSA's premier electronics and lifestyle retail distributor. This collaboration marks a significant evolution in the Kingdom's retail and electronics sectors, as it pioneers a direct supply model in the Saudi market, aligning a major international manufacturer directly with a leading national retailer. The partnership is also strategically designed to redefine how Saudi customers access and experience Panasonic's innovative products, bringing them closer to consumers through SACO's extensive network of retail locations across the ......read full article

LG Announces first-quarter 2025 financial results

Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed USD 689 million during the first quarter. Strong performance was driven by qualitative growth across key business areas, especially in B2B, non-hardware segments (such as subscriptions and webOS platform) and direct-to-consumer (D2C) sales. Vehicle solutions and heating, ventilation and air conditioning (HVAC) – both critical to LG’s B2B strategy and future growth – delivered ......read full article

VFS Global Academy and Transformative Academy Completes First Batch of Training in Riyadh, KSA

Certification issued by Cambridge University awarded to the inaugural class 100% job placement secured for graduating class VFS Global Academy announces the successful completion of its inaugural training programme in Riyadh, in collaboration with Transformative Solutions Consulting, the leading Saudi-GCC consulting and educational firm dedicated to empowering individuals and organizations through innovative, high-impact leadership and human capital development programs. The programme, aligned with Saudi Vision 2030, focused on enhancing skills within the hospitality and tourism sectors, and has resulted in 100% job placement for all 20 graduating interns. The pioneering batch comprised students from various universities including government universities, who underwent a comprehensive 3-month Certificate Programme in Tourism ......read full article

Fourth Milling Company Reports Strong Full Year 2024 Results with Record-Breaking Revenue

Dammam, Saudi Arabia, 12 March 2025: Fourth Milling Company ("MC4" or the "Company"), a leading producer of flour and its derivatives in the Kingdom of Saudi Arabia, has announced its financial results for the fourth quarter of 2024 (“Q4 2024”) and the full year ended 31 December 2024 (“FY 2024”), showcasing substantial growth in revenue and profitability driven by a notable increase in sales volumes. The Company reported the highest annual revenue in its history of SAR 629 million, marking a 12.7% year-on-year (y-o-y) increase, and FY 2024 net profit surged 19.7% y-o-y to SAR 171 million. Key Financial and Operational Metrics  SAR Millions Q4’24 Q3’24 Change ......read full article

Global dividends jumped to a record $1.75 trillion in 2024

Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basis Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar 17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and China Large companies making their first dividend payments made a disproportionate impact – Meta, Alphabet and Alibaba accounted for one fifth of global dividend growth in 2024 Globally 88% of companies raised dividends or held them steady in 2024 Q4 payouts rose 7.3% on an underlying basis Forecast 2025: Headline growth of 5.0% to record $1.83 trillion, up 5.1% on an underlying basis DUBAI, UAE - Global dividends grew to a record $1.75 trillion in 2024, according to the Janus Henderson ......read full article

Arabian Company for Agricultural and Industrial Investment Announces Final Offer Price of Its Initial Public Offering

Riyadh, Kingdom of Saudi Arabia – 19 February 2025G:  Arabian Company for Agricultural and Industrial Investment (the “Company” or “Entaj”), one of the leading poultry brands in the Kingdom of Saudi Arabia (the “Kingdom”), announces the successful completion of the book-building process for institutional investors (“Participating Parties”) and the final offer price (the “Final Offer Price”) for the Company’s initial public offering (the “IPO” or “Offering”). The Final Offer Price for the Offering has been set at SAR 50 per share, which is at the top end of the previously announced price range for the IPO, implying a market capitalization of SAR 1.5 billion (approximately USD 400 million) at listing. The books were covered within hours ......read full article

ROSHN Group Secures Two Billion Saudi Riyal Shariah-Compliant Credit Facility from Saudi National Bank

The agreement with Saudi National Bank marks a significant step forward for ROSHN Group This funding will cover the acquisition of ROSHN Front Riyadh, 5 February 2025 – ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has agreed a two billion Saudi Riyal Shariah-compliant credit facility with Saudi National Bank, Saudi’s largest financial institution. The loan agreement, which is for seven years, will be used to finance the acquisition of ROSHN Front. This strategic move strengthens ROSHN’s growth and drives ROSHN Front’s long-term success by enriching its retail and commercial landscape, elevating tenant experience, and attracting top-tier brands and businesses. The purchase of ROSHN Front marked ROSHN Group’s expansion in two new ......read full article

Tanmiah Food Company Partners with Chengdu Design & Research Institute to construct 100 State-of-the-Art Broiler Houses across the Kingdom

Riyadh, Saudi Arabia, 09 January 2025 - Tanmiah Food Company (“Tanmiah” or the “Company”, 2281 on the Saudi Exchange), a market-leading provider of fresh and processed poultry and other meat products, animal feed and health products, and a foods brand franchise operator, today announced that it has formed a strategic partnership with Chengdu Design & Research Institute (CDI), a Chinese contractor firm with operations in both China as well as in Saudi Arabia, providing full Engineering, Procurement and Construction (EPC) solutions, to construct 100 poultry broiler houses across the Kingdom. The signing event was recently held at Tanmiah’s head office. This collaboration is considered an essential part of Tanmiah’s long-term strategy to boost food security, and contribute to ......read full article

SPARK Signs Letters of Intent Worth over SAR 3 Billion at ADIPEC 2024 to Establish Manufacturing Facilities

On the side-lines of ADIPEC 2024, SPARK signed several letters of intent with leading entities, BioChem, MAN Industries, Primetech, Thermocables, and Dalipal Holdings  The agreements will generate over 3,000 direct and indirect jobs and significantly expand manufacturing capabilities at SPARK at maturity  The state-of-the-art facilities will reinforce SPARK's position as a leading regional player facilitating the localization of the energy supply chain  Saudi Arabia, 07 November 2024 – King Salman Energy Park (SPARK), a leading industrial ecosystem, signed five letters of intent with prominent sector players at ADIPEC 2024 – the world's largest and most inclusive gathering for the energy industry. Totaling over SAR 3 billion in value, the agreements are set to create over 3,000 direct and ......read full article

Jahez delivers record q3 and 9m performance with highest-ever total orders and adj. ebitda, driven by over 30% gmv growth

Riyadh, Saudi Arabia, 03 November 2024 - Jahez International Company for Information System Technology (“Jahez”, or the “Group”, 9526 on the Saudi Exchange’s Nomu – parallel market), announces its financial results for the third quarter (Q3) and nine month period (9M) ending 30 September 2024, with record Q3 and 9M total orders and profitability, strong 30% growth in Gross Merchandise Value (GMV), and market share gain in both KSA and non-KSA markets while expanding across the Group’s diversified verticals. Ghassab Bin Salman Bin Mandeel, CEO of Jahez Group, said: “In the third quarter of 2024, Jahez Group reached new milestones, delivering our highest-ever total orders and profitability, and building on the strong momentum from the previous years. This marks a significant ......read full article

New SNB Capital Fund Eases Investor Access to Nomu Parallel Market

The SNB Capital Saudi Nomu Market Fund provides investors with access to the Nomu parallel market without needing to meet the "Qualified Investor" criteria The open-ended public equity fund invests primarily in a diverse array of equities listed on the Nomu parallel market and Shariah-compliant opportunities on the Saudi capital market. The new fund is now open for subscription and is designed for retail investors aiming for substantial long-term capital growth RIYADH, Saudi Arabia – November 3, 2024: SNB Capital has launched the SNB Capital Saudi Nomu Market Fund, providing retail investors with access to the Nomu parallel market without having to meet the "Qualified Investor" criteria.​ Now open for subscription through the SNB Capital digital channels, this open-ended public equity fund ......read full article

Saudi Arabia's Special Integrated Logistics Zone Company Announces Strategic Partnerships to Enhance its Position as Global Logistics Hub

Saudi Arabia's SILZ signs strategic partnerships with leading global and local partners, reinforcing its role as a key player in the Kingdom's Vision 2030 strategy One of the key sponsors of the inaugural Global Logistics Forum, SILZ introduces Riyadh Integrated, Saudi Arabia's first special logistics zone RIYADH, October 14, 2024 – Saudi Arabia's Special Integrated Logistics Zone Company (SILZ), the Kingdom's first special logistics zone company, announced the signing of three high-profile Memoranda of Understanding (MoUs) during the inaugural Global Logistics Forum (GLF), poised to enhance Saudi Arabia's logistics capabilities and solidify its position as a global logistics hub. The MoUs will see SILZ partner with leading global and regional companies to further develop "Riyadh ......read full article

PIF-backed eWTP Arabia Capital signals renewed commitment to Saudi Arabia and the MENA region with rebrand

Riyadh, 18 September 2024 – eWTP Arabia Capital, the first international private equity firm to establish an Asia-Saudi cross border investment platform, has rebranded as ‘ewpartners’ as it celebrates seven years in the Kingdom. Since it was launched in Riyadh in 2017, ewpartners has raised and fully deployed USD 400 million for its Fund I and is targeting USD 1 billion for Fund II as a result of strong investor interest. Backed by the Public Investment Fund of Saudi Arabia (PIF), ewpartners has 18 portfolio investments and has created more than 6,500 jobs for a Saudi workforce which is young, skilled, and poised to drive the Kingdom’s economy. Through its funds, ewpartners invests across the spectrum of Infrastructure & Logistics, Fintech, Technology/ICT, Tourism, Gaming/Esports, New Energy, ......read full article

Aster Sanad Hospital Expands to 200 beds in Riyadh with the Opening of Grand Wing Building

The Hospital adds a 50-bedded facility adjacent to the main building to provide enhanced medical care to patients in Riyadh The expansion is a part of Aster DM Healthcare's growth strategy in Saudi Arabia in alignment with the Kingdom's Vision 2030 and Healthcare Sector Transformation Program The new Grand Wing facility will elevate patient care and experience, building upon Aster DM Healthcare's global service experience benchmark Riyadh: Aster Sanad Hospital, a leading hospital in Riyadh and a part of the Aster DM Healthcare group, one of the largest integrated healthcare providers in the region, has expanded its facilities to a 200-bedded comprehensive care multi-specialty hospital. This expansion offers world-class primary, secondary and tertiary care healthcare services to the people of Saudi Arabia. As ......read full article

Bank Saudi Fransi (BSF) and AstroLabs Conclude the Second Cohort of the "Banker Technologist" Program

Riyadh, Saudi Arabia: Bank Saudi Fransi (BSF) and AstroLabs have announced the successful conclusion of the second cohort of the flagship “Banker Technologies” program, aiming to expand Saudi Arabia's fintech talent pool, thereby contributing to the advancement of the broader fintech sector. As Saudi Arabia is rapidly evolving into a global financial technology and innovation hub, the program plays a pivotal role in generating employment in fintech. This comes closely in alignment with Vision 2030's objectives to increase the number of fintech companies to at least 525 by 2030, up from 200 in 2023 to create 18,000 job opportunities. This six-month program is uniquely designed to shift the emphasis from theoretical concepts to practical skill acquisition through a learning environment created to simulate ......read full article

Intersec Saudi Arabia to tackle fire safety in the built environment amidst US$819 billion construction boom

Leading UK fire and safety expert Neil Odin to outline strategies for effective post-incident fire management during the Fire Protection and Technology summit   Saudi Arabia currently has over 5,200 ongoing construction projects worth more than US$819 billion, according to research, underscoring the need for robust fire safety strategies in the built environment Taking place from 1-3 October, the sixth edition of Intersec Saudi Arabia will take place at the Riyadh International Convention and Exhibition Center (RICEC) Riyadh, Saudi Arabia: Intersec Saudi Arabia, the country’s leading trade fair for security, safety, and fire protection, will highlight the importance of fire safety strategies in the built environment in a panel discussion with Neil Odin, Chief Fire Officer from the UK National Fire Chiefs Council, ......read full article