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 more

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 more

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 more

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 more

RIYADH – The International Falcon Breeders Auction 2024 (IFBA), Organised by the Saudi Falcons Club, has concluded its inaugural event for the 2024-2025 season, setting a new benchmark in the falconry world. Over the course of 20 days, the auction saw an impressive turnover, with sales soaring past 10 million riyals ($2.7 Million) and more than 866 prized falcons finding new owners. The auction drew participation from more than 56 leading breeding farms across 19 countries worldwide, underscoring its global significance in the falconry community. The Saudi Falcons Club’s spokesperson, Waleed Al-Taweel, said the IFBA marked its fourth year with a spectacular showcase of world-class birds. Hosted at the club's Melham headquarters north of Riyadh, the event featured hundreds of premier falcons over 11 nights of ......read more

KSA’s rapidly transforming logistics landscape is projected to achieve a valuation of USD 15.31 billion and have 59 new logistics zones by 2030. Savoye as a One-Stop-Shop producer and integrator for automation and software, will address key market bottlenecks to enhance the efficiency and productivity of warehousing operations 27 August 2024: Savoye, a leading global warehouse automation integrator and software publisher, will showcase its comprehensive suite of advanced solutions at the first edition of the Saudi Warehousing & Logistics Expo, Riyadh from September 2 to 4, 2024. The event is poised to drive the adoption of advanced technologies within the Kingdom of Saudi Arabia’s (KSA) supply chain and logistics sector. Prominent industry leaders and innovators will convene at the event, spearheading crucial ......read more

Integration of WhatsApp in FedEx® Delivery Manager International makes last-mile delivery even easier Riyadh, Saudi Arabia, August 26, 2024 – Federal Express Corporation, the world's largest express transportation company, has enhanced its FedEx® Delivery Manager International (FDMi) e-commerce solution with delivery notifications on WhatsApp, available in both English and Arabic, for package recipients in Saudi Arabia. FDMi is an interactive e-commerce delivery solution that provides customizable delivery options and alerts. E-tailers using the solution can offer their customers the ability to choose the timing and location of their deliveries to fit their schedule – and change the delivery address when the shipment is in transit – giving them extra flexibility at no extra cost. “The FDMi ......read more

Photo caption (from left): Omar Bukhari, Head of Consumer Retail Services, SAP Saudi Arabia, with Saad Saud Alhowaimel, NADEC, Vice President - Digital & Technology Riyadh, KSA — 21 August 2024 — The National Agricultural Development Company (NADEC) has successfully implemented SAP Signavio, leveraging the technology to advance the company's digital transformation strategy. The initiative is aligned with the Kingdom's Vision 2030, and aims to enhance the efficiency of NADEC's services, supporting diversification of its products and enabling it to enter new sectors in the food industry. It will also support expansion into local, regional, and global markets while improving customer satisfaction and product quality. Supported by the SAP Customer Success program, NADEC achieved the deployment within just ......read more

Dammam, Saudi Arabia – August 19, 2024:  Representatives of the Oil Park Development Company (OPDC), responsible for developing THE RIG. project, visited International Maritime Industries (IMI) to discuss the strategic partnership between the two companies. Under this partnership, IMI will supply ferries and additional services to support OPDC's maritime operations with the aim of optimizing the visitor experience at THE RIG., the world's first offshore adventure tourism destination inspired by offshore oil platforms. Led by OPDC CEO Raed Bakhrji, the delegation was met by Abdullah Al Ghamdi, CEO of IMI. The visit marks a formal commitment to develop the maritime logistics and infrastructure essential for seamless accessibility to THE RIG. Harnessing IMI's expertise in shipbuilding, repair and offshore ......read more

Riyadh, Saudi Arabia, 11 August 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 second quarter and first half of 2024, with strong 31% 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. H1 2024 Key Highlights GOV up 25% year-on-year (YoY) to SAR 4.1 billion (H1 2023: 3.3 billion). GMV up 31% YoY to SAR 3.1 billion (H1 2023:2.3 billion), with non-KSA platforms up 6x and KSA platforms growth of 20% YoY. Record H1 total orders of 50.1 million, up 30% YoY (H1 2023: 38.6 million). Number of total active users up 34% YoY to 3.9 million (H1 2023: 2.9 ......read more

The magazine explores critical issues shaping the future of the digital economy and women's empowerment in the ICT sector Riyadh, 7 August 2024: Building on the success of its inaugural issue, the Digital Cooperation Organization (DCO), a global multilateral organization committed to enabling digital prosperity for all by accelerating the sustainable and inclusive growth of the digital economy, is proud to announce the launch of the second edition of EconomiX magazine. This publication serves as a key platform for knowledge sharing and insightful discussions on the ever-evolving digital landscape. EconomiX magazine brings together thought leaders from governments, businesses, academia, and international organizations to explore critical topics influencing the global digital economy. By fostering collaboration and knowledge ......read more

Exciting new products to be launched in HoReCa market Aug 6, 2024: Alesayi Beverage Corporation, a leading beverage manufacturer in Saudi Arabia since 1959 with 60% market share in the energy drinks’ category, is partnering with SIG to expand its product and packaging portfolio. Using a state-of-the-art SIG SureFill 42 Aseptic BIB filling system, Alesayi will launch exciting new products in hotels, restaurants and cafes (HoReCa). For Alesayi Beverages this is a completely new entry into the business with products in bag-in-box packaging, relying on the expertise of SIG who is the global leader in BIB packaging. SIG will initially supply Alesayi Beverages with its SIG SureFill 42 Aseptic filling line, as well as 10L SIG bags using the SIG 2Pure Film, a one-layer film specifically developed for water and ideal for BIB ......read more

Riyadh: Fortinet, the global cybersecurity leader driving the convergence of networking and security, is pleased to announce the appointment of Joe Sarno as Executive Vice-President (EVP) of International Sales. In this role, Joe will oversee Fortinet's International Sales business and join the Executive Leadership team, which brings together decades of expertise to deliver industry-leading solutions to over half a million customers. Joe Sarno brings nearly two decades of experience at Fortinet and over 30 years in the cybersecurity industry. Previously, he served as Senior Vice President for the International Emerging region and APJ, where he successfully implemented the company's growth strategy across more than 120 countries. As EVP of International Sales, Joe will lead a highly qualified team of sales representatives ......read more

MoU signing marks SEC’s commitment to promote Fire and Life Safety Practices, and NFPA’s work to strengthen safety standards through collective education efforts Riyadh, Kingdom of Saudi Arabia, July 31, 2024 – The National Fire Protection Association® (NFPA®) and Saudi Electricity Company (SEC) announced the signing of a Memorandum of Understanding (MoU), marking a significant step towards promoting fire and life safety standards and practices across the Kingdom of Saudi Arabia. The MOU signing ceremony, held at Saudi Electricity Company’s headquarters in Riyadh, was attended by key representatives from both entities. This agreement highlighted a shared aim of reducing the effects of fires and hazards by facilitating a well-charted exchange of information and knowledge with the help of awareness ......read more

Company Sets New Records for Second Quarter Revenue and Operating Profit Through Balanced Qualitative Growth in Core and Future Businesses Dubai, July 26, 2024 — LG Electronics Inc. (LG) today announced second-quarter 2024 consolidated revenue of KRW 21.69 trillion and operating profit of KRW 1.20 trillion, reflecting an 8.5 percent year-over-year increase in revenue and a 61.2 percent surge in operating profit. These figures mark new records for the highest second-quarter revenue and operating profit in the company’s history. Key drivers of this performance include the home appliance and vehicle component sectors, both achieving their highest quarterly revenues to date. Sales from LG’s Home Appliance & Air Solution Company and Vehicle component Solutions Company combined reached KRW 11.53 trillion, up 8.2 ......read more

The new Alstom headquarters in Riyadh builds on a 70-year legacy, furthering railway innovation and development in Saudi Arabia. The Riyadh office will also host the Services Digital Centre, aimed at advancing Alstom’s capabilities in condition-based and predictive maintenance.​ 15 July 2024 – Alstom, the global leader in green and smart mobility solutions, today proudly inaugurates its opening of their regional headquarters in Riyadh. This significant step underscores Alstom’s commitment to advancing sustainable mobility and its long-standing role in shaping the region’s railway development. Strategically located in the capital of Saudi Arabia, the new headquarters is designed to enhance Alstom’s operations throughout the Gulf and beyond. This includes fostering growth and development, ......read more

 Gulf Islamic Investments (GII), a leading Shari'ah-compliant asset management group, has increased its business activities in Saudi Arabia significantly in 2024, including the granting of a CMA licence, a new cooperative logistics agreement with Logipoint, the acquisition of Emad Bakeries in Jeddah, and expanding healthcare assets through Al Meswak dental clinics and the Abeer Medical Company across The Kingdom Saeed Al Ghamdi, CEO of Al Nahdi Family Office, takes the number of Saudi nationals on GII Holding LLC's Board to three, alongside Fawaz Al Tamimi (Chair of GII Saudi Arabia) and Mohammed Alhassan Riyadh: Gulf Islamic Investments group (GII) has welcomed Mr Saeed Saleh Al Ghamdi to the Board of GII Holding LLC, strengthening its representation of Saudi nationals on its Board of Directors, as GII's ......read more

In response to Saudi Arabia announcement of Major Oil and Natural Gas discoveries in The Eastern Province and Empty Quarter, Shady Khalil, Campaign Lead from Greenpeace MENA, Said: This announcement is deeply concerning and indicates that Saudi Arabia has not yet embraced the imperative that the fossil fuel era is ending. COP28 in Dubai has sent a strong signal on the need to transition away from fossil fuels by 2050, with a decline this decade marking the end of the fossil fuel era. Saudi Arabia needs to demonstrate a genuine commitment to the historical consensus reached at COP28 in Dubai. We urge Saudi Arabia to prioritize the well-being of billions around the world, including its own citizens and the millions who travel to Hajj. The impacts of extreme weather events are significant and growing. This year alone, more than 1,300 ......read more

Egis, a global leader in the architecture, consulting, construction engineering and mobility sectors, has been granted the respected Environmental License Class A from Saudi Arabia's National Center for Environmental Compliance (NCEC). This coveted designation signifies a company's commitment to adhering to the strictest environmental regulations, contributing to the Kingdom's ambitious sustainability goals. The Environmental License Class A plays a critical role in safeguarding public health and ecological protection. By securing this license, Egis demonstrates their proactive approach to supporting national environmental initiatives, enhancing environmental excellence within the region, and aligning perfectly with the global imperative to address climate change. For Egis, this Class A registration expands their range ......read more

Jeddah: W7Worldwide, the Kingdom's leading home-grown marketing communication consultancy agency and a leader in the GCC region, has unveiled its Annual Report 2023, showcasing a year marked by remarkable achievements and recognitions as well as breaking barriers in the corporate PR and marketing communication industry. "As we stand at the threshold of another transformative year, our unwavering commitment to bridge people and create a lasting impact remains steadfast, deeply embedded in the core of our ethos," said Abdullah Inayat, Director and Co-founder of W7Worldwide. "Driven by our collective spirit, we are poised to push our limits, foster innovation, and be industry trailblazers, as we soar to new heights in uncharted territory." The report highlights W7Worldwide's diverse portfolio and ......read more

The sixth edition of Intersec Saudi Arabia will take place from 1-3 October at the Riyadh International Convention and Exhibition Center (RICEC) Building on the success of previous years, the exhibition space will be 34% larger this year, with 17,000 visitors expected to attend The exhibition's conference programme will feature the Future Security and Safety Summit and the Fire Protection and Technology Summit  Riyadh, Saudi Arabia: Intersec Saudi Arabia, Saudi’s leading trade fair for safety, security, and fire protection, will return for a sixth edition from 1 - 3 October at the Riyadh International Convention and Exhibition Center (RICEC).  Organised by 1st Arabia and licensed by Messe Frankfurt, the exhibition is held in association with the Ministry of Interior and Saudi Civil Defense. Intersec ......read more

Jeddah: Bupa Arabia for Cooperative Insurance has launched an innovative service, the first of its kind in Saudi Arabia, allowing employees covered under the company's client insurance policies to easily upgrade their maternity coverage and select hospital room types through the Bupa Arabia mobile app. The service aims to enable employees to manage their insurance coverage to better suit their needs and preferences, including room type, within one minute via the Bupa Arabia app, without the need to contact the insurance company or visit any of its branches. This provides customers with convenience and the necessary healthcare during critical moments in their lives. The new benefit upgrade product from Bupa Arabia responds to the needs of a specific segment of customers who desire more flexibility and control over their ......read more

Saudi Arabia  Alliance Française to Open at Hayy Jameel in Jeddah From left to right: Larry Lamartiniere (Alliance Française Managing Director), Mohammed Nehad (Consul General of France in Jeddah), Zaher Al Munajeed (President of Alliance Française), HE Ludovic Pouille (Ambassador of France), Hussein Jameel (Director of Community Jameel), Faisal Al Sammanoudi (Chairman of Abdul Latif Jameel Enterprises), Rowaid Al Sawaf (CEO of Abdul Latif Jameel Enterprises), Marguerite Bickel (CEO of Alliance Française d'Arabie saoudite), Antonia Carver (Director of Art Jameel) Jeddah; Declaration of intent to establish Hayy Jameel in Jeddah as the new home of Alliance Française Saudi Arabia (AFAS) made in the presence of HE Ambassador of France M. Ludovic Pouille, the Consul General of France in Jeddah, M. Mohammed Nehad, the ......read more

Bupa Arabia wins the "Best Health Insurance Company" and "Best Insurance Brand" awards at the Insuretech 2024 "Golden Shield of Excellence" ceremony Riyadh: Bupa Arabia for Cooperative Insurance was crowned for its outstanding achievements by winning two awards: "Best Health Insurance Company of 2024" and "Best Insurance Brand" at the 10th edition of the "Golden Shield of Excellence" awards ceremony, which was recently held on the sidelines of the Insurtech Middle East 2024 conference at the Mövenpick Hotel in Riyadh. This recognition comes in appreciation of Bupa Arabia's leadership in the health insurance sector in the Kingdom of Saudi Arabia and its commitment to providing excellent healthcare services that meet the diverse needs of its clients. This ......read more

Riyadh, 13 June 2024: The Saudi Exchange today congratulates Rasan Information Technology Company (Rasan), the leading InsurTech services provider in the Kingdom of Saudi Arabia, as it lists on the Main Market. Established in 2016, Rasan is a company specializing in the InsurTech services in the Gulf region. The Group's portfolio includes InsurTech companies like Tameeni, offering insurance aggregation services, among others such as Treza for policy management, Awal Mazad for car auctions, and R Solutions for business intelligence and predictive modeling. Mr. Nasser Alajaji, Chief of Listing at Saudi Exchange, said: "The listing of Rasan is testament to the growth of the InsurTech sector in Saudi Arabia in recent years and demonstrates the commitment of the Saudi Exchange to welcome innovative companies from a diverse ......read more

Riyadh, KSA, 5 June 2024 — Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced the launch of its new mobile application, ‘the Jadwa Investment app’, as part of the firm’s continuous efforts to enhance its client service and experience. Following Jadwa’s new corporate website and web portal, the app is the firm’s latest milestone in offering its clients a seamless digital experience. Using the new app, clients can access a comprehensive suite of features, allowing them to manage their digital investments effortlessly through their mobile phones.  Commenting on the launch, Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said: “We are pleased to announce the launch of the Jadwa Investment app. Client service is at the heart of ......read more

The new partnership agreement, signed between Africa Union Trading, Africa Union Aviation, and AJEX will enhance logistics and supply chain services between Africa and the Middle East Riyadh, Saudi Arabia, 4 June 2024 - AJEX Logistics Services, a leading Middle East-based specialist in express distribution and shipping solutions, is proud to announce the signing of a new partnership agreement with Africa Union Trading and Africa Union Aviation, subsidiaries of Africa Union Holdings. The agreement, inked at the Saudi Trade Attaché's office in Sandton, Johannesburg, marks a significant step towards enhancing logistics and supply chain services between Africa and the Middle East.  The new agreement will support the strategic expansion objectives of both companies – with Africa Union Holdings growing its footprint across ......read more

28th May 2024, Riyadh, Kingdom of Saudi Arabia:  In a strategic development, Kanoo Machinery UAE and KSA, a member of Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest independent family-owned multinationals in Saudi Arabia and the Middle East, announced the signing of a partnership agreement with Combilift, the largest global manufacturer of multidirectional, sideloading, and articulated forklifts, to provide sustainable forklifting solutions in the region.  The signing ceremony took place at the Irish Embassy in Riyadh and was supported by Enterprise Ireland, the Irish government's enterprise development agency dedicated to nurturing the growth of Irish-owned companies. This partnership between Kanoo Machinery UAE and KSA, a member of YBA Kanoo, and Combilift exemplifies a shared dedication to innovation ......read more

Five sustainably designed office buildings will include modern facilities. Exteriors will match the traditional Najdi architectural style of the surrounding area. Offices to complement recently announced Diriyah Square high-end shopping precinct for 400 retail outlets. Underscores Diriyah Company’s commitment to create a dynamic business hub as part of its development masterplan. DIRIYAH - May 27, 2024: The Diriyah Company has commenced the construction of a premium office development in Diriyah Square, further enhancing its diverse infrastructure offerings for the business community. The five low-rise office buildings, designed with sustainability in mind, will offer nearly 39,000 square meters of gross leasable area (GLA), and a total gross floor area (GFA) of almost 47,000 square meters, with approximately 1,000 ......read more

The leading off-price retailer reaches new heights with growing presence in the Middle East, covering 7 cities across the Kingdom Al Medina, KSA, 27 May – Brands For Less, a leading retail conglomerate, is proud to announce the opening of its 34th branch in Saudi Arabia, expanding across seven cities throughout the Kingdom. This new store is strategically located in Al Manar Mall, Al Medina, 11 minutes away from the Al Medina Haram. This expansion signifies the group's continued commitment to providing exceptional retail experiences across the Kingdom. The new branch marks a significant milestone in BFL Group’s growth strategy, reinforcing its presence in the Saudi market. The Group's extensive network is designed to cater to the diverse needs of its customers, offering a wide range of high-quality products at ......read more

[May 26, 2024], Riyadh, Saudi Arabia: Soudah Development, a Public Investment Fund company, has proudly announced the birth of three Ibex in the Red Rock zone inside King Abdullah National Park in Soudah – following the release of 23 Ibex into the wild last year in collaboration with the National Center for Wildlife. This highlights a key milestone in their collaborative reintroduction and conservation efforts, in line with the Saudi Green Initiative as well as environmental sustainability goals of Vision 2030. Among the mothers, two are adult females who were originally transferred by the National Center for Wildlife, and the third mother is a young Ibex, approximately two years old, who was born within the enclosure in May 2022. She was later released into King Abdullah National Park in February 2023. These efforts have ......read more

Egis, a leading international group in architecture, consulting, construction engineering, and mobility services, is proud to announce its certification as a 2024 Top Employer in Saudi Arabia. This recognition by the Top Employers Institute underlines Egis' dedication to fostering a superior work environment through leading human resources (HR) practices. The Top Employer Institute's certification process assesses organizations based on their participation and results in the HR Best Practices Survey. This assessment covers six HR domains consisting of 20 topics including People Strategy, Work Environment, Talent Acquisition, Learning, Diversity, Equity & Inclusion, Wellbeing and more. Robert Hope, Middle East Regional Managing Director at Egis in Saudi Arabia, said: "As we navigate the complexities of a rapidly evolving ......read more

Jeddah: Art Jameel, an organization that supports artists and creative communities, hosts another edition of its highly anticipated Farmer's Market at Hayy Jameel with Azka Foods. The two-day family-friendly market takes place at Jeddah home for the arts on Friday May 24 and Saturday May 25, bringing together more than 20 vendors from across all 13 regions within Saudi Arabia to celebrate local, organic and seasonal produce. Showcasing local produce, culinary delights, heritage, and a rich public programme including talks, workshops and film screenings, the Farmer's Market is free and open to all ages with the aim of connecting, understanding and appreciating the abundance and diversity of the lands     . This edition of the Farmer's Market is the fourth collaboration with Azka Foods, an online Ethical ......read more

Riyadh, Saudi Arabia – 23 May 2024 – In a significant milestone that propels the ambitious Mukaab forward, the New Murabba Development Company – A PIF Company -  is pleased to announce the signing of the Mukaab Piling Works Contract with HSSG Foundation Contracting LLC, known for providing technically advanced foundation solutions. This marks a pivotal step in the development of the Mukaab, which is set to become the centerpiece of the New Murabba, Riyadh’s transformative downtown destination. Once completed, the Mukaab will be one of the largest built structures in the world (measuring 400 meters in height, width, and length). The contract was formalized by Michael Dyke, Chief Executive Officer of New Murabba Development Company, and Ali Korhan from HSSG Foundation Contracting, bringing together two ......read more

- The sector remained the key driver of the economy and surged by a robust 4.4% in 2024, despite a revised overall GDP last year, which showed a decline of 0.8%. - Continued strength in non-oil activities is expected to propel GDP growth to a projected 2.1% in 2024. - Grade A offices witnessed an increase in rents by 5% in the last quarter, owing to the buoyant demand for quality assets. - Technology, Media & Telecommunications (TMT) and Banking, Financial Services and Insurance (BFSI) companies dominated occupier inquiries, comprising 27% of the total inquiries received by Savills.   The latest Saudi commercial market report by Savills revealed that despite global economic challenges and a GDP that was revised downward by 0.8% last year, Riyadh’s office market has maintained its robust performance in the ......read more

First Quarter 2024 Highlights Total revenue of $1.35 billion, up 7% year over year Service revenue of $944 million, up 24% year over year GAAP operating margin of 23.7% Non-GAAP operating margin of 28.5% Cash flow from operations of $830 million Free cash flow of $609 million Riyadh: Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights for the First Quarter of 2024 Total revenue was $1.35 billion for the first quarter of 2024, an increase of 7.2% compared to $1.26 billion for the same quarter of 2023. Product revenue was $408.9 million for the first quarter of 2024, a decrease of 18.3% compared to $500.7 million for the same quarter of 2023. Service ......read more

Al Masaood Bergum's modular solutions to expand to Saudi market Abu Dhabi, May 13, 2024 – Al Masaood Bergum, part of Al Masaood Group, and a leading tailor-engineered modular building systems provider, successfully participated as an attending partner at the Saudi Giga Projects 2024 and MENA Construction Summit 2024 at the Hilton Hotel & Residences in Riyadh on 13-14 May 2024. The first day of the event was dedicated to Saudi Giga Projects 2024, giving participants an overview and future perspective of Saudi Arabia's giga project initiatives and the opportunities it presents for contracts and suppliers. The second day focused on the MENA Construction Summit 2024, fostering in-depth conversations about the execution of construction projects, while also emphasizing enhanced sustainability and efficiency ......read more

Al Mani: "Participating in this significant international event allows us to enhance our robust partnerships and extend our reach globally. This enables us to deliver our services to and from any conceivable destination worldwide.” Jeddah, Saudi Arabia, May 12, 2024: In a new step to strengthen its presence on the international stage, Four Winds Saudi Arabia Limited, Four Winds Saudi Arabia Limited, a Saudi leader in comprehensive and integrated moving and logistics services since 1979, today announced its participation as a Principal Sponsor at the 2024 FIDI Conference, which will be held in Edinburgh, Scotland, from May 12 to May 15, 2024. Nizar Al Mani, CEO of Four Winds Saudi Arabia Limited, said: "Our principal sponsorship of the FIDI Conference 2024 signifies a strategic move to enhance our international ......read more

Championing the development of Saudi Arabia’s creative talent on a global stage SRMG is back with the second edition of the Saudi Young Lions design competition, highlighting its role as the official Saudi representative at the Cannes Lions International Festival of Creativity Registration is now open to graphic designers, illustrators and creatives aged 30 or under currently working in Saudi Arabia The winning team will compete in the Global Young Lions competition at Cannes Lions 8 May 2024 | Riyadh: SRMG, the largest integrated media group from the MENA region, today launched the second edition of the Saudi Young Lions design competition. The competition provides young and up-and-coming creators from Saudi Arabia a platform to showcase their creativity and ingenuity. It also represents a key aspect of SRMG’s ......read more

AlUla recognised with prestigious Sustainability Award for stand concept of ‘AlUla’s Net Zero: Empowering Innovation, Transforming Travel’ Presence at Arabian Travel Market (ATM) highlights AlUla’s drive for sustainable tourism, including conservation projects, eco-friendly accommodation, and community-based tourism initiatives - underpinned by AlUla Sustainability Charter and amplified by destination’s first global brand campaign, ‘Forever Revitalising AlUla, Saudi Arabia – 08 May 2024: The ancient city of AlUla in northwest Saudi Arabia has been honoured with the prestigious Sustainability Stand Award at the Arabian Travel Market (ATM) in Dubai, United Arab Emirates, out of 2,844 other competing stand designs at the event.  This accolade highlights AlUla’s steadfast ......read more