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Refinitiv & Saudi Central Bank Inaugurates 12th Compliance & Anti Money Laundry Seminar in KSA

SAUDI ARABIA - December 03, 2020:    Refinitiv and The Saudi Central Bank inaugurated today the 12th edition of the Compliance and Anti Money Laundry Seminar in Saudi Arabia.   His Excellency Dr. Ahmed bin Abdul Karim Al-Kholifey, Governor, Saudi Central Bank, and Chairman of the Anti-Money Laundering Permanent Committee, delivered a keynote speech at the opening ceremony highlighting the emergence of new compliance risks following the Corona outbreak this year.   “Among the most prominent of those risks observed during the pandemic period are the increase in financial fraud cases, namely, emergence of individuals claiming to invest in digital currencies or claiming to provide investment services in some major companies,” he pointed out.   In response to the threats, Mr. Al-Kholifey noted that ......read more

Golf Saudi Strikes Partnership With The Club Managers Association of Europe To Discover Future Leaders Of Golf In Saudi Arabia

Unique educational programme tailored to support Saudi Nationals career pathway in, and through golf Riyadh, Kingdom of Saudi Arabia, 29 November 2020:  Golf Saudi and the Club Managers Association of Europe (CMAE) have signed an ambitious new partnership which will see both organisations work together to roll out a multi-level, certified Arabic language educational programme, the first of its kind, aimed at spiking interest and encouraging Saudi nationals pursuit of a future career in golf. The agreement with the CMAE underlines Golf Saudi’s seriousness in implementing training and education programmes, designed to discover and create future national leaders for the Kingdom’s growing golf sector. CMAE will define, develop, design and deliver a custom made education platform in Saudi Arabia, drawing on its ......read more

Refinitiv Announces Winners of 2020 Lipper Fund Awards For The Saudi Arabian Fund Industry

SAUDI ARABIA – November 25, 2020:   Refinitiv today announces the winners of the Lipper Fund Award Winners for the Saudi Arabia Fund Industry 2020. These highly-respected awards recognize funds and fund management firms that have excelled in providing consistently strong risk-adjusted performances relative to their industry peers – the merit of the winners is based on objective, quantitative criteria.   As to the Gulf Cooperation Council (GCC) Equity Awards, Jadwa GCC Equity Fund by Jadwa Investment won the three, five, and ten-years category. The Global Equity Awards went to AlJazira International Equities Fund by AlJazira Capital for the three and five-year category, and Riyad Global Equity Sharia Fund by Riyad Capital for the ten-year category.    As to the Saudi Arabia Equity Awards, Osool ......read more

Devika Bulchandani Named CEO of Ogilvy North America & Global Chairwoman of Advertising

November 22, 2020 — Ogilvy announced today that Devika Bulchandani has been appointed Chief Executive Officer of Ogilvy North America and Global Chairwoman of Advertising. Devika will be responsible for driving all aspects of Ogilvy’s core business across the United States and Canada which spans Advertising, Brand & Content, Public Relations & Influence, Experience, Growth & Innovation, and Health. She will also support Ogilvy's advertising business across the global network.     Andy Main, Global CEO for Ogilvy said: “Dev is a leader with relentless drive, a sharp understanding of our clients’ rapidly evolving needs, and an undeniable track record of using creativity as a catalyst for growth. With Dev leading our teams across North America, I’m confident that Ogilvy will be ......read more

Ministry Of Transport Completes Jadeedah Arar Port Road Network Coinciding with its Opening

November 21, 2020 - Riyadh, Saudi Arabia - The Ministry of Transport carried out maintenance work on the road leading to Jadeedah Arar port, coinciding with its opening on November 17 under the patronage of the Governor of the Northern Borders Region, Prince Faisal bin Khalid bin Sultan.    The opening of the port was part of a package of joint agreements between the Kingdom of Saudi Arabia and the Republic of Iraq. The agreements aim at creating investment opportunities across all sectors and securing all roads to and from the port, the foundation of which was laid by Custodian of the Two Holy Mosques King Salman bin Abdulaziz.   Deputy Minister of Transport Eng. Badr Abdullah Al-Dulami said the developed logistics area at the port would serve as a gate for the northern part of the Kingdom to promote the economy by ......read more

Immensa Technology Labs makes the largest Additive Manufacturing (3D Printing) investment in Saudi Arabia

• Move comes in line with the company’s plans to cater to the surging demand for 3D printing and digitization services in the Kingdom of Saudi Arabia (“KSA”) by acquiring two Saudi based companies and investing to expand them.   17 November 2020: Immensa Technology Labs, the region’s leading additive manufacturing (3D Printing) company, has announced its foray into the Saudi market through the acquisition of two leading 3D- printing companies in KSA, Shakl3D and LayLabs. The move is part of Immensa’s mandate to further extend its presence regionally and expand its reach and range of services to its clients in the Kingdom. Shakl3D and LayLabs were established in KSA in 2016 and 2018 respectively and are considered among the leading, most developed 3D-printing companies in Saudi Arabia. The ......read more

Samsung Wraps up its AI training as Part of Samsung Innovation Campus

Riyadh, Kingdom of Saudi Arabia – 11 November 2020:  In line with the Kingdom’s goal to drive forward digital innovation, Samsung Electronics Co., today Ltd., concluded its Samsung Innovation Campus (SIC), a worldwide initiative which aims to provide students with academic and professional skills in fields such as Artificial Intelligence (AI) and Internet of Things (IoT), to support their employability and boost their career prospects. Held in cooperation with Misk Academy, the Artificial Intelligence program was developed in alignment with the Saudi Vision 2030 to help young adults in the Kingdom prepare for the evolving technology-driven job market. The local edition of the SIC, developed to encourage young adults to “think globally, act locally,” seeks to inspire the changemakers of tomorrow by ......read more

Never Miss a Moment of Action in Your Favourite Saudi Sports With the New GSA Live Platform Built Using Cutting-Edge Hala Yalla Technology

Riyadh, KSA 9, November 2020: Sports fans across Saudi Arabia can now live stream sports matches, and get the latest news, scores and standings with the new GSA Live platform. Developed in collaboration between the Ministry of Sports and Saudi super app Hala Yalla, the platform gives sports fans a choice of a dedicated website, mobile & tablet apps, and a newly launched Apple TV app, to watch live matches and keep up to date with news from their favorite teams and athletes. The Kingdom’s first Super App for Sports, Entertainment, and Tourism, Hala Yalla helps people in Saudis to discover new experiences, organise events and more. The Super App aligns with Vision 2030 goals of encouraging a healthier, more active lifestyle among residents in the Kingdom. The GSA Live platform has been built to link fans to sports ......read more

Shaker Group reports Q3 revenue of SAR 247.5 million; Net profit of SAR 4.4 million

• Improved economic activity and agile response to Covid-19 drive top-line growth  • Material impact of Breakthrough Program turnaround strategy realised on bottom-line  • 9M revenue of SAR 736.2 million improved by 5.4% from 2019 • 9M net profit of SAR 6.2 million compared to net loss of SAR 45.3 million in 2019   09 November 2020:  Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the period ended 30 September 2020. Third quarter revenue of SAR 247.5 million decreased by 0.15% from Q3 2019, and at SAR 736.2 million for the nine-month period improved by 5.4% from ......read more

Saudi Arabia to Host Formula 1 Race in 2021

Jeddah street race, confirmed for November 2021, is the first of a long-term partnership that aims to reach new audiences and inspire millions Jeddah, 7th November 2020: History will be made in 2021, when one of the world’s biggest sports events comes to Jeddah for the first ever Formula 1 Saudi Arabian Grand Prix.  The race in November 2021 will see the world’s best drivers and constructors, at the pinnacle of motorsport, race through the streets of Jeddah for a spectacular night race.   The race will start and finish on the corniche, which runs along the banks of the Red Sea, providing a stunning coastal backdrop for a full weekend of live motorsport, entertainment and culture that will take over the second biggest city in Saudi Arabia.  Following recent speculation in the media, the ......read more

Free Registration Continues for the 1st Global Conference on Giftedness and Creativity

-         17 speakers will present their visions during the two-day event organized by King Abdul Aziz and His Companions Foundation for Giftedness and Creativity (Mawhiba) and G20 Saudi Secretariat -         Attendees from all over the world are expected to take part in the virtual conference, which coincides with Mawhiba's 20th anniversary RIYADH November 07, 2020:  Online registration to attend the 1st Global Conference on Giftedness and Creativity, which will be held under the theme “Imaging the Future,” is underway on 8-9th Nov, 2020; 4:00-8:00 PM (+3 GMT) The two-day virtual conference is likely to attract large participation from around the world. The event has been organized by King Abdul Aziz and His Companions Foundation for Giftedness and Creativity ......read more

Multiple Major Champions Join Stellar Field for the 2021 Saudi International Powered by SoftBank Investment Advisers

Golf Saudi aim to deliver the strongest field on the middle east swing with many more stars to be announced in the coming weeks Jeddah, Kingdom of Saudi Arabia – November 4, 2020:  Major Champions Shane Lowry, Sergio Garcia, Phil Mickelson, Patrick Reed, Justin Rose and Henrik Stenson have confirmed their participation in the third edition of the Saudi International powered by Softbank Investment Advisers, 4 – 7 February 2021. Joining the three Major winners already announced - World No.1 Dustin Johnson, 2020 US Open Champion Bryson DeChambeau and defending Champion Graeme McDowell – an impressive total of nine Major Champions will be amongst the stellar field at Royal Greens Golf & Country Club, as Golf Saudi aim to deliver the strongest field on the middle east swing with many more stars to be announced ......read more

Cisco Unveils Simplified Partner Program, New Platforms and Solutions at Partner Summit 2020

• Cisco celebrates 25th annual Partner Summit with virtual global event to ensure its channel community are “Future Ready”  • Nearly 13,000 partners spanning 157 countries will attend • Company Announces Simplified Partner Program, Breakthrough Software Solutions to Fuel IT Agility, Cloud-Native Security Innovation and New Webex Solutions for Governments   Riyadh, KSA, November 03, 2020:  Cisco’s 25th annual Partner Summit kicked off virtually last week with nearly 13,000 partners in attendance representing 157 countries. Sessions and announcements focuse on being “Future Ready”, providing partners with the latest business and technology insights needed to help them and their customers achieve new levels of business agility and resilience..    This ......read more

Ministry of Transport, Saudi Development and Reconstruction Program for Yemen Sign Cooperation Pact to Upgrade Transport Services in Yemen

November 03, 2020 - RIYADH, Saudi Arabia:   The Ministry of Transport and the Saudi Development and Reconstruction Program for Yemen (SDRPY) signed on Monday a memorandum of cooperation to develop the land, sea and air transport sector in the Republic of Yemen and improve roads in Yemeni cities.   The memorandum of cooperation was signed by the Saudi Minister of Transport Saleh Bin Nasser Al-Jasser and SDRPY Supervisor General Ambassador Mohammed Bin Saeed Al-Jaber.   The agreement is part of SDRPY efforts to develop and support civic services and vital sectors in Yemen.   Al-Jasser said the agreement would help achieve the livelihood and economic balance of Yemeni citizens and improve the quality of life through infrastructure development projects and programs.   He hoped that the agreement ......read more

Riyad Bank Signs Acquiring Agreement with JCB for Local Acceptance in the Kingdom of Saudi Arabia

October 27, 2020:   Riyad Bank, a listed company on the Saudi Arabia Stock Exchange in the Kingdom of Saudi Arabia, and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., announced that Riyad Bank had signed a partnership agreement with JCBI to enable the acceptance of JCB Cards at all Point of Sale systems, online and ATMs throughout the Kingdom of Saudi Arabia.   As part of a push to make the Kingdom a cashless society and support for financial inclusion that is both in line with the aims of the Saudi Vision 2030, this partnership will enable JCB Cardholders to use JCB Cards through Riyad Banks's network for Point of Sale and ATMs across Saudi Arabia, thereby providing greater convenience for JCB's globally increasing cardholders in Islamic markets such as Bangladesh, ......read more

Ericsson Runs Three-year Fresh Graduates Program to Accelerate Saudi Arabia's Digitalization Journey

• Saudi fresh graduates enhance their potential in an innovative and engaging environment • Program fast-track and train potential leaders to meet business challenges of the future   October 26, 2020:    Ericsson (NASDAQ:ERIC) has been running a three-years Fresh Graduate Program in Saudi Arabia since 2018 that has employed more than one hundred persons. The program has created an open ecosystem for research and implementation of innovative projects enabled by 5G - the next generation of wireless technology - in order to accelerate the Kingdom’s digitalization in line with Vision 2030.   Designed to build ICT leaders of the future, the graduate program brings together the public sector, leading universities, research centers, local authorities and Small and Medium Enterprises (SMEs) to ......read more

5G Holds the Key to Saudi Arabia's Digital Future

By Fadhel Isa, Chief Technology Officer at Ericsson Saudi Arabia  October 22, 2020:    At the dawn of a new decade, we have continued to leverage our technology towards our customers and achieved a significant milestone by securing the company’s 100th commercial 5G contract. As we celebrate this momentous occasion, we also celebrate being on the forefront of the 5G race and take a moment to look ahead at the mountains we must still climb.  Saudi Arabia was one of the first countries in the Middle East region where we collaborated with local operators to launch 5G. That is because Information and Communications Technology (ICT) is an important driver of Saudi Arabia’s digital economy which supports Saudi Arabia’s Vision 2030 toward economic diversification. Above all, our 5G leadership will ......read more

Almarai Announces Next Phase of Digital Transformation to Boost Middle East's Food Self-Sufficiency

• Almarai Supports Saudi Vision 2030’s Local Manufacturing and Self-Sufficiency • SAP S/4HANA Intelligent Suit Optimizes Production and Distribution to Tens of Millions of Consumers Across the GCC, Egypt, and Jordan     RIYADH, Kingdom of Saudi Arabia – 13 October 2020:  Almarai, the Middle East’s largest food & beverage manufacturer and distributor of dairy products, baked goods, poultry, juice, food, desserts, and infant formula, has announced the next phase of its digital transformation with the global technology company SAP to optimize operations and support food self-sufficiency in Saudi Arabia and the region.   Every day, Almarai delivers high-quality products to tens of millions of consumers across the GCC, Egypt and Jordan. Brands include “Almarai”, ......read more

BofA - National Commercial Bank: Creating Saudi's National Champion of Banking

October 12, 2020:  Refer to important disclosures at the end of these reports (see links below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research Communications & Media Relations. EMEA Equity Research Daily Highlights Global Steel: Greener Steel: Molten Oxide Electrolysis = Green steel without hydrogen? Samba Financial Group: Creating Saudi’s National Champion of Banking National Commercial Bank: ......read more

Younger Saudi Healthcare Professionals Are Enthusiastic Adopters of New Technology, According to the Future Health Index 2020 Report, Conducted by Philips

• Saudi Arabia's younger healthcare professionals are well prepared for both the clinical and non-clinical aspects of their roles by their medical education • 51% of younger healthcare professionals in Saudi Arabia know a lot about value-based care, which is among the highest awareness out of all of the countries surveyed • 84% of Saudi’s next generation of healthcare professionals believe that digital health technologies will improve patients’ experiences • 83% agree that advancements in medical technology make them excited about the future of the healthcare profession   October 12, 2020:   Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has published its Future Health Index (FHI) 2020 report: ‘The age of opportunity: Empowering the next ......read more

Barakatalan Launches New Coupons & Deals Website in the Middle East

As everything in the world is quickly changing and developing so is the e-commerce market around the globe. With people getting fast internet access and reliability over modern technology, they have switched from traditional shopping to online shopping. And this online shopping has given rise to the e-commerce market.  While the e-commerce market is gaining pace in the rest of the world, the Middle-East is also growing as an e-commerce hub. The Arab states have a large and growing market of new & eager internet users on peak who are all caught up in online shopping. Saudi Arabia, Kuwait, UAE, Oman, Qatar, and other Middle East countries are continuously putting efforts to increase their e-commerce market in regions. As e-commerce and online trading is rapidly increasing, there are other factors too which give them a push. And ......read more

Saudi Bugshan Company Transforms its Business Operations with IBM Cloud

New cloud environment to support the company’s business growth and need for enterprise-grade security   JEDDAH, Saudi Arabia, September 28, 2020:  Saudi Bugshan Company (SBC), in collaboration with its technology arm Brmaja Commercial Company (Brmaja), has selected IBM Cloud to host its IT infrastructure. This transition aims to support SBC’s business growth plans and meet its critical need for infrastructure performance and enterprise-grade security, while accelerating the company’s digital transformation.  SBC is the holding company of one of the largest conglomerates in the Middle East and North Africa region and has its headquarters in Jeddah, Saudi Arabia. It comprises 47 companies in various sectors, including food and beverage, distribution and trading, healthcare, real estate, ......read more

Kantar to Launch the First BrandZ Top 30 Most Valuable Emirati and Saudi Brands

Experts from six WPP companies across the United Arab Emirates and the Kingdom of Saudi Arabia share insights in the report.   September 23, 2020:   Kantar announces the inaugural launch of the BrandZ™ Top 30 Most Valuable Emirati and Saudi Brands on 6 October 2020 at a virtual event. The ranking identifies the United Arab Emirates and Saudi Arabia’s Top 30 most valuable brands, based on interviews with+12,000 consumers across the two countries about their opinions on over 300 brands across 19 categories. BrandZ™ then calculates the dollar value of the intangible brand, enabling businesses to assess how much ‘brand’ drives revenue, growth and market capitalisation. BrandZ™ is the world’s largest and most definitive brand equity study that combines financial and market ......read more

Knight Frank's Saudi Arabia National Housing Survey highlights the residential demand preferences of owner-occupiers, renters and those living with their families across Saudi Arab

Knight Frank’s Saudi Arabia National Housing Survey is a detailed quantitative and qualitative survey, which highlights the residential demand preferences of owner-occupiers, renters and those living with their families across Saudi Arabia’s major cities.  The survey was designed to bridge the gap in the understanding of effective demand and supply.   Riyadh, KSA, 20th September 2020:  Over recent times despite shifts in demographics, a reduction in household sizes and on-going cultural reform, we have seen very little change in the nature of housing supply across the kingdom. The majority of new stock is centred towards large villas on the periphery of the ever-expanding urban boundaries of Saudi Arabia’s major cities. This type of product is one which the new demographic cohort will struggle to ......read more

Jones Day advises Sponsors on closing of Jeddah Airport 2 ISTP Project in Saudi Arabia

• Largest such project in the Kingdom  • Critical project for the city of Jeddah • Part of Vision 2030 infrastructure reforms   September 17, 2020:  Jones Day has acted as legal counsel on the financial closing of the Kingdom of Saudi Arabia’s largest privately-financed sewage treatment plant, the Jeddah Airport 2 ISTP.  The project forms part of the Saudi Government’s Vision 2030 and will bring significant benefits to the city of Jeddah.   Jones Day acted on all aspects of the Jeddah A2 ISTP for the consortium of sponsors who are investing in the plant, consisting of The Power and Water Utility Company for Jubail and Yanbu (Marafiq), AlAmwal AlKhaleejiah AlThaniya and Veolia Middle East. The Firm advised as international legal counsel on the project, and, through its ......read more

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Marafiq and its Partners, Veolia and Amwal AlKhaleejiah, Reach the Financial Closing of Jeddah ...…

SWPC and the consortium composed by Marafiq, Veolia, and Amwal AlKhaleejiah have successfully achieved the financial closing of the US$ 280M ISTP (Independent Sewage Treatment Plant) project for Jeddah. September 13, 2020:   Marafiq (Power and Water Utility Company for Jubail and Yanbu) is the lead developer in Jeddah Airport 2 ISTP (Independent Sewage Treatment Plant) and has a ......read more

New COVID-19 Response Report Analyses Saudi Arabia's Insurance Industry as Digitisation Gains Pace'…

Oxford Business Group and Najm Insurance Services launch latest research tool    Riyadh, 10 September 2020:  The impact of Covid-19 on the insurance sector in Saudi Arabia and the efforts of sector players to support the national response to the challenges of the pandemic  are explored in a new Covid-19 Response Report (CRR) by Oxford Business Group (OBG), produced ......read more

Ogilvy Becomes First Agency Brand to Reach 1 Million Followers on LinkedIn…

September 10, 2020:  Ogilvy has become the first agency brand to reach an impressive social media milestone: one million followers on LinkedIn.    LinkedIn has become the social destination for business, employment, and company culture content. Ogilvy’s global social and thought leadership strategy is a natural fit with LinkedIn. The one million follower landmark is the ......read more

Saudi Arabia has Reached the Highest Download Speed of 144.5 Mbps Through 5G Networks Among ...…

Please find below the statement from Femi Oshiga, VP Sales, Service Providers, Middle East & Africa, CommScope:   Saudi,  September 02, 2020:  ”It’s incredibly encouraging to see such download speeds being reached in Saudi Arabia through 5G networks. As we’re beginning to see, 5G holds the promise of superfast download speeds and unparalleled performance ......read more

Intention to List Bindawood Holding Company On the Saudi Stock Exchange (Tadawul)…

Saudi, August 31, 2020:  BinDawood Holding Company (“BinDawood Holding” or the “Company”), one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia (“KSA” or “Saudi Arabia”), announces its intention to proceed with an initial public offering (the “IPO” or the “Offering”) ......read more

Lucid Air to be the Fastest Charging EV, Featuring a 900V+ Architecture Delivering a Charging Rate ...…

Partnerships with Electrify America include unlimited three-year subscription of 350kW fast charging at its nationwide network and with QMerit for installation of Lucid’s bi-directional home charger for car-to-grid capability together deliver future-proof solutions for Lucid customers   Saudi - August 25, 2020:  Lucid Motors, which seeks to set new standards for sustainable ......read more

Vision 2030-Driven Digital Transformation Gave Ksa Resilience Needed to Face Pandemic and Beyond…

Munir Eldesouki, Assistant Minister, Ministry of Communications and Information Technology, tells Oxford Business Group    RIYADH, Kingdom of Saudi ARABIA, 24 August 2020:  Vision 2030, Saudi Arabia’s, gave the Kingdom of Saudi Arabia the resilience it needed to navigate through the COVID-19 global pandemic, according to insights given by H.E Dr. Munir Eldesouki, ......read more

FUNKO Bagged a New Guinness World Records™ Title…

The largest packaged product mosaic (image) measures 157.7 m² and consisted of 8,600 items   20 August 2020 – Guinness World Records™ (GWR), the global authority on record-breaking achievements announced a new world record for The largest packaged product mosaic (image) measures 157.7 m² which was achieved by Funko (UAE) in association with Dubai Summer Surprises ......read more

Shaker Group Achieves Net Profit for 1H 2020; Strong Sales Drove Revenue Growth of 8.4%…

Successful Breakthrough Program, supported by agile response to Covid-19, have returned the Group to profitability for the first time since Q3 2016   Riyadh, Saudi Arabia, 18th August 2020: Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air ......read more

AMAALA Strengthens Partnership With Saudi-based Company Hasco…

Saudi start-up leading excavation, backfilling, and earthworks for Triple Bay Marina   The yacht club at Triple Bay   17 August 2020:   AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coast, has awarded the contract for excavation, backfilling, and earthworks to Duba-based startup, HASCO (Hasan Al-Harbi Corp.). As part of ......read more

Global Commercial Insurance Pricing Increased 19% in Second Quarter COVID-19 Among Range of Losses ...…

August 13, 2020:  Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk adviser. The increase, the largest since the index was launched in 2012, follows year-over-year average increases of 14% in the first quarter and 11% in the fourth ......read more

Latest COVID-19 Response Report on Saudi Arabia Highlights E-commerce Expansion…

Oxford Business Group and Saudi Payments launch new economic analysis    Riyadh, 13 August 2020:  A new Covid-19 Response Report (CRR) by Oxford Business Group (OBG), produced in partnership with Saudi Payments, charts the shift under way in the Kingdom towards e-commerce and digital transactions, which is expected to be instrumental in supporting the economy’s ......read more

Bilfinger Middle East signs its first Digitalization Contract with Saudi Tabreed…

•         Bilfinger first digitalization contract in the Middle East  •         Objective is to analyze and optimize the operation of chiller modules with the help of BCAP (Bilfinger Connected Asset Performance)  •         Location: Saudi Arabia, Riyadh August 13, 2020:  Babcock Borsig ......read more

The New Reality of Consumer Behaviors That Will Define Telco Services in the Kingdom of Saudi Arabia…

BCG's telco focused consumer behavior study found that 53 percent of respondents in the Kingdom of Saudi Arabia expects the changes in consumption trends to continue beyond the lockdown, highlighting the importance of telco services in the Kingdom   Riyadh, August 13 2020: The COVID-19 pandemic and the ensuing lockdown have significantly impacted telco consumers' behavior ......read more

Greenpeace Statement: Open Letter to the UN Regarding the FSO SAFER…

13 August 2020:  Commenting on the publication of an open letter to the UN Secretary-General urging them to take action to deal with the FSO SAFER oil tanker and stop a humanitarian and environmental catastrophe off Yemen, Greenpeace MENA Executive Director Zeina Alhajj said: “Time has run out on doing nothing to avert the looming social and ecological disaster that is the FSO SAFER ......read more

DREI Organises Virtual Real Estate Conference With Saudi Partners…

The conference discusses real estate challenges and solutions post COVID-19 and cements cooperation between the UAE and KSA 3 August 2020:   The Dubai Real Estate Institute (DREI) in Dubai Land Department (DLD) is organising the first virtual real estate conference titled ‘Real Estate post-COVID-19 – Challenges and Solutions,’ in cooperation with a number of ......read more

Saudi Arabia's Amlak International Achieves 129% Net Income Growth in H1 2020…

• Revenue grew 6.2% to reach SAR 73.2 million for Q2 2020, and 7.9% to reach SAR 148.4 million for 1H 2020 • Earnings before tax (EBT) of SAR 28.5 million, at margin of 38.9% • Net real estate financing portfolio grew by 9.56% or SAR 305.6 million • New disbursements across the lending book increased by 22.32% • Amlak completed its listing on Tadawul in July, ......read more

Next Chapter of Medina's Growth Story Mapped Out in New Report…

Oxford Business Group launches landmark analysis of key region in Saudi Arabia   Dubai, United Arab Emirates, July 28, 2020: The key role earmarked for the Medina region of Saudi Arabia in driving growth across the non-oil sector of the Kingdom’s economy is mapped out in a new report by the global research and advisory firm Oxford Business Group (OBG), produced in ......read more

Instinctif Partners and Advert One Complete IPO Advisory Role for Amlak International…

 27th July 2020: Instinctif Partners and Advert One have completed their role in providing strategic communications counsel and public relations to Saudi Arabia’s leading non-bank real estate lender, Amlak International, for its IPO on the Saudi Stock Exchange. Established in 2007 and headquartered in Riyadh, Amlak offered 30% of its equity at a price of SAR 16, raising approximately ......read more

Spanish Contingent Grows at Golf Saudi as Pablo Larrazabal is Confirmed as Latest Ambassador…

Pablo Larrazabal joins Adri Arnaus as Golf Saudi’s newest international ambassador  21 July 2020, Riyadh, Saudi Arabia:  Golf Saudi has confirmed that Pablo Larrazábal is the latest professional player to join their ranks as an international golfing ambassador. The in-form Spaniard joins his fellow compatriot Adri Arnaus from the European Tour and Britain’s Amy ......read more

KSA Residential Sector is Expected to See a Shift towards Rental says JLL…

Riyadh, KSA, 21 July 2020 – Saudi Arabia’s real estate sectors remained soft during quarter two, although the residential market remained somewhat active and saw several key projects delivered across the Kingdom’s major cities, according to JLL’s 2020 mid-year review report. The report, however, highlighted that in the short-to-mid-term, delays in the handover of ......read more

Investing in Infrastructure is Essential to Securing KSA's Digital Future…

Industry Roundtable Identifies Increased Investment and Co-Creation as Essential to Helping Meet the Kingdom’s Growing Digitization Demands   Kingdom of Saudi Arabia – 15 July 2020: During the virtual roundtable discussion hosted by Cisco, titled ‘Securing the Internet for the Future: Investing in the Road to Recovery’, telecommunication service providers and ......read more

Commvault Announces Simply Rewarding Partner Advantage Program…

— New and enhanced rebates; Increased flexibility across program tiers; and new deal registration benefits, all coupled with an innovative, partner-ready product portfolio positions partners to grow, profit and be future ready —   July 15, 2020:  Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and ......read more

The Diplomatic Quarter General Authority in Riyadh Inks First of Its Kind Strategic Deal with TAWAL…

Saudi, July 14, 2020: The Diplomatic Quarter General Authority has recently partnered with the leading integrated ICT Infrastructure service provider in the Kingdom, TAWAL, for the development of the area’s telecommunication infrastructure. The strategic partnership is first of its kind in Saudi Arabia through which TAWAL will be managing the ICT infrastructure and dealing with the ......read more

Amlak International Allocation of Shares, Excess Money Refund, and Trading to Begin on Monday ...…

Riyadh, Saudi Arabia: 12 July 2020:  NCB Capital, the Financial Advisor, Lead Manager, Bookrunner and Underwriter of Amlak International’s IPO announced the completion of the allocation of shares for individual (retail) subscribers. NCB Capital said that after closing the subscription period for the retail tranche, all receiving banks completed the settlement and auditing process on ......read more

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