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 more
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 more
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 more
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 more
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
- MOU agreement to enable joint development of innovative technologies and solutions to significantly enhance renewable energy efficiency and optimize the implementation costs - Partnership to also foster technology transfer and support socio-economic growth in Saudi Arabia by investing in renewable energy initiatives. Riyadh, Saudi Arabia - June 16 2023 - ACWA Power, a developer, ......read more
• As IDC finds 45% of Saudi CIOs plan to significantly increase their investment in AI, experts and customers share strategies at SAP Business Transformation Tour in Riyadh RIYADH, KSA — June 15, 2023 — To thrive in the face of challenges such as supply chain constraints, critical skills shortages, and slowing global economic growth, regional businesses ......read more
New training programs for students, developers, content creators & Esports players in the Kingdom ● Google to train over 400 university students, developers, content creators & esports players in partnership with the Ministry of Information & Communication Technology and the Saudi Esports Federation. ● Training will focus on entrepreneurship, app ......read more
Riyadh, KSA – June 14, 2023 - Massar Solutions (Massar), a leading diversified mobility organization based in the United Arab Emirates, is pleased to announce the opening of its first office in Saudi Arabia. This strategic move marks a significant milestone in Massar's ongoing expansion across the Middle East, as it aims to become the largest vehicle leasing and mobility group in the ......read more
The Group consolidates its global presence with a specialist office in KSA Riyadh, KSA, 14th June 2023: PRCO Group, the leading independent luxury hospitality, lifestyle and real estate communications agency, today announced the launch of PRCO KSA and the opening of the company's first office in Riyadh. The new Riyadh office consolidates PRCO’s presence in KSA and joins ......read more
• The fourth cohort comes as part of Misk Foundation's efforts and initiatives to support the entrepreneurial ecosystem in the Kingdom and promote the growth of a new generation of tech startups Riyadh, Saudi Arabia: 14 June 2022 – The Mohammed bin Salman Foundation “Misk” has announced the graduation of 20 tech startups from the fourth cohort of the ......read more
Riyadh: Red Sea International (RSI) announced the acquisition of 51% of the share capital of The Fundamental Installation for Electric Work Company Ltd, First Fix, by means of cash consideration. The agreement was executed on Tuesday in Riyadh. The acquisition closure will be subject to satisfaction of certain regulatory and corporate conditions, as well as RSI’s due diligence. RSI is ......read more
Riyadh, Kingdom of Saudi Arabia, June 2023: InnoXera Global EdTech Summit, the largest EdTech summit in the region, is set to host its Saudi edition in Riyadh on the 19th and 20th of June at the King Abdullah Financial District. Sponsored by Saudi Arabia Ministry of Communications and Information Technology and organised by leading eLearning company, Classera, InnoXera is designed to ......read more
Jeddah, Saudi Arabia – 12 June 2023 – First Milling Company (the “Company” or “First Mills”), a market-leading Saudi milling company, along with financial advisor SNB Capital, announces the successful completion of the Final Allotment of Shares in relation to its Initial Public Offering (the “IPO” or the “Offering”). Following the ......read more
Riyadh, Kingdom of Saudi Arabia – 09 June 2023: Petal Ads, a leading advertising platform by Huawei Mobile Services, introduced a whole new world of advertising opportunities and unrivaled targeting capabilities to the Kingdom of Saudi Arabia. The Petal Ads Roadshow 2023, an exclusive event hosted at the luxurious Park Hyatt Jeddah on 8th June 2023 in partnership with Social Clinic, a Petal ......read more
Showcasing the Future of Leisure Construction Riyadh, Saudi Arabia - June 8, 2023 - Building Leisure Buildings, the premier invitation-only business community for global investors, architects, consultants, contractors, and operators, announced its official launch in Saudi Arabia. The private VIP event, hosted at the iconic Hilton Riyadh Hotel & Residences, brought together industry ......read more
AI in PerformanceMax, automatically generated creative assets and Merchant Centre Next available in the Kingdom Google announces availability of enhanced PerformanceMax experience with artificial intelligence, AI powered creative assets and Merchant Centre Next in the Kingdom Google Marketing Live is held in Mountain View (Google’s global headquarters), Dublin ......read more
Riyadh: Bupa Arabia for Cooperative Insurance— the leading healthcare insurance provider in the Kingdom — marked a new milestone in its commitment to delivering exceptional services with the opening of its new location in King Abdullah Financial District (KAFD) in Riyadh. As part of its expansion plan in the central region and nonstop efforts to support the ......read more
• Family businesses in Saudi Arabia account for 63% of businesses in the private sector. 5, June 2023: The Pearl Initiative, a business-led non-profit organisation focused on promoting corporate accountability in the Gulf region’s private sector, recently collaborated with Al Tamimi & Company to hold a virtual session to unpack the New Companies Law in Saudi Arabia and ......read more
Jeddah, Saudi Arabia, 04 June 2023: On June 1, Nafisa Shams Company celebrated the production of one million products, marking a significant milestone since its establishment in 2008. The event was held at the Company’s headquarters in Jeddah, highlighting the accomplishments of Saudi women who have been part of the organisation for over a decade. Nafisa Shams Company is a specialised arts ......read more
Riyadh, 1 June 2023: Saudi astronaut Rayyanah Barnawi has concluded the implementation of King Faisal Specialist Hospital and Research Center (KFSH&RC) cell science experiments aboard the International Space Station (ISS). The experiments aim to study the response of immune cells and the effect of some treatments in inflammatory conditions, increase knowledge about biological changes that can ......read more
Riyadh, Saudi Arabia, 31 May 2023 – The leading global banking group, Standard Chartered, and the region’s leading full-fledged investment firm, Falak Investment Hub, announced the successful completion of the ‘Standard Chartered Women in Tech' program by selecting eight female-led startups through an independent panel of judges. The entrepreneurs, who underwent an 8-week ......read more
Jeddah, Saudi Arabia – 30 May 2023 – Following the announcement on 18 May 2023 by First Milling Company (the “Company”, or “First Mills”), a market-leading Saudi milling company, of the Offer price range, the Company along with financial advisor SNB Capital, announced today the successful completion of the Participating Parties book-building period in ......read more
Khaled Alateeq becomes Head for Middle East, reinforcing Company’s commitment to the Kingdom as it faces new threats amid accelerated digital transformation Riyadh: Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced the appointment of Saudi Arabian national Khaled Alateeq as Head of the Middle East region. ......read more
HIGHLIGHT: This is Opensignal’s third consecutive report, which examined the mobile network experience of Mobily, stc, and Zain. Jeddah: In Opensignal’s latest Mobile Network Experience report, Saudi Telecom Company (stc) dominated as the clear winner for overall experience, 5G experience, and consistency —winning all 12 awards across various categories — ......read more
PIAP highlights the company’s continuous efforts to pilot initiatives that advance customer communication Dubai, United Arab Emirates: Panasonic Marketing Middle East & Africa (PMMAF) has revealed the successful conclusion of the inaugural edition of the Panasonic Influencer Affiliate Program (PIAP), the company’s latest initiative in which Panasonic partners ......read more
• 585,600 shares on offer representing 16% of Company’s share capital • Price range has been set between SAR 100 and SAR 130 per share • Qualified investors are able to subscribe to a minimum of 10 shares and a maximum of 182,990 shares Riyadh, Saudi Arabia, May 21, 2023: TAM Development Co. (“TAM”), a Saudi Arabia-based digital solutions and ......read more
Jeddah, Saudi Arabia - 18 May 2023: SEDCO Capital, a global Shariah-compliant and ethically led asset management and investment advisory firm (or “the Company”), announced today that it has successfully completed the second capital increase of its flagship SEDCO Capital REIT Fund (or “the Fund”). Following the completion of the additional offering, the total asset value of ......read more
Jeddah, the Kingdom of Saudi Arabia – 17 May 2023 - First Milling Company (the “Company”, or “First Mills”), a market-leading milling company in the Kingdom of Saudi Arabia (the “Kingdom” or “Saudi Arabia”), announces its intention to proceed with an initial public offering (the “IPO” or the “Offering”) and listing ......read more
Speakers from Infor, IDC, and AWS will explain the role of industry-specific cloud-based software as a key factor for successful digital transformation JEDDAH, KINGDOM OF SAUDI ARABIA – May 17, 2023 – Infor®, the industry cloud company, will share insights on how organizations in Saudi Arabia’s manufacturing and distribution sectors can maximize ......read more
Veteran hotelier, will oversee the refurbishment and relaunch of InterContinental Durrat Al Riyadh Dubai, United Arab Emirates: The soon-to-open InterContinental Durrat Al Riyadh Resort & Spa has announced the appointment of Marc Reissinger as General Manager of the resort. In his new position, Marc will oversee the refurbishment and relaunch of InterContinental ......read more
W7Worldwide is one of the best managed agency in GCC, with a particular focus on a formal professional development process that has been a key factor in helping it stay ahead of market trends. Jeddah: W7Worldwide, the Kingdom’s leading home-grown marketing communication consultancy agency, released its 2022 Annual Report that summarized its yearlong activities in the public ......read more
New research from Trellix highlights the critical resource gaps reported by two in three CISOs surveyed across the UAE and Saudi Arabia, and the technology flaws cited by almost three quarters Jeddah: Despite a continued increase in cybersecurity spending in the region, organizations in the United Arab Emirates (UAE) and Saudi Arabia remain ill-equipped to face down the ......read more
Jeddah, Saudi Arabia – Egis, the international player active in consulting, construction engineering and mobility services, has been appointed by Taiba Investments Company to provide design review and supervision consultancy services for the Double Tree Hotel in Jeddah, Saudi Arabia. This prestigious hospitality project is a significant real estate development project for Taiba Investments ......read more
• Introducing A Tasty New Look – Saudia Milk Refreshed Branding experience! • Time to Taste Tradition – It tastes exactly the same, remains without preservatives Saudi Arabia, Jeddah, May 8th 2023 – In exciting news, SADAFCO--the leading UHT milk seller and distributor in Saudi Arabia with operations throughout the Middle East--is shaking things ......read more
‘It’s important for the Kingdom to incorporate sustainability to protect the environment.’ Riyadh: With the Saudi Green Initiative working to protect the environment and increase the country's reliance on clean energy, it’s essential that the Kingdom incorporates sustainability practices across all sectors and throughout every step of all mega and ......read more
By Karl Escritt, CEO of Like Digital & Partners Saudi Arabia is evolving at a break-neck pace, driven by the Kingdom’s ambitious Vision 2030 roadmap, which aims to future-proof KSA via sustainable development, economic reform, and technological transformation. It’s an innovative framework that permeates every facet of Saudi Arabia, particularly the digital ......read more
RIYADH & TOKYO, Apr 13, 2023 - (JCN Newswire) - As part of its continuous efforts to develop electronic payment services, the Saudi National Bank and JCB agreed the acceptance of the JCB Card through about 306,351 POS and 3,088 ATMs across the Kingdom of Saudi Arabia. This came as a result of a partnership agreement signed between the Saudi National Bank (SNB) and JCB International Co. ......read more
HIGHLIGHTS Norway tops global Live Video Experience Canada scores the highest across the Americas South Korea leads for Live Video Experience in Asia Pacific Live Video streaming market will reach $4.3 billion by 2028 Jeddah: OpenSignal recently published a report on the live video experience of mobile users. The first-of-its-kind in the industry, the report is based on ......read more
The company signed investment agreements with the Ministry of Investment, and Ministry of Industry & Minerals to build the facility spreading over a land 2.4 million sq.ft. over the next 7 years. Dubai – April 4, 2023: Hotpack Global, the UAE-based global leader in food packaging products, has announced its plan to build one of the world’s largest sustainable packaging plants ......read more
Newly Appointed Tres Marias Coffee Brand Manager – Khalid Al Malki Saudi Arabia, Riyadh, 4 April 2023 - After an extensive career in the coffee industry, Saudi Arabian national Khalid Al Malki marks a career milestone as the new brand manager for specialty coffee and milk brand, Tres Marias. Khalid earned a Bachelor's Degree in Business Administration from Imam ......read more
MEC, recently appointed by Panasonic as its official distributor for major appliances, says facility is redesigned as an important hub for customers in the Saudi capital Riyadh, Kingdom of Saudi Arabia: Modern Electronics Company (MEC) has announced the official inauguration of its newly revamped service centre in Riyadh. MEC, a company known as a leader in Saudi ......read more
March 2023, Riyadh, KSA - Courtyard by Marriott Riyadh Northern Ring Road was awarded 'Hotel of the Year 2022 - Middle East’ by Marriott International at the company's Europe, Middle East & Africa (EMEA) Leadership Conference on March 14, 2023. The hotel was one of six properties across the EMEA region that was recognised as Hotel of the Year for its performance and guest ......read more
In a global first, Hilton will showcase its new Green Ramadan initiative at Hilton Riyadh Hotel & Residences. The campaign aims to improve local sourcing and reduce food waste across hotels in KSA, Qatar and the UAE. Riyadh, KSA, 23 March 2023: Hilton (NYSE: HLT), in partnership with the United Nations Environment Programme (UNEP) West Asia and Winnow, has announced the ......read more
Riyadh, Saudi Arabia, 23 March 2022: Bab Rizq Jameel, a company that is a part of Community Jameel Saudi, celebrated the graduation of its first cohort of graduates in the Training Ending with Employment in the Coffee Sector Programme. This coincided with the national campaign to celebrate the inaugural Social Responsibility Day in Saudi Arabia. The programme launched during the Year of Saudi ......read more
Jeddah: In Saudi Arabia, Bayzat’s integrated HR platform is revolutionizing the work-life experience for organizations, bringing efficiency to business operations and transformative benefits for employees. Through a single platform, HR, Payroll & Employee Benefits platform companies can invest in the well-being and health of their employees and create a world-class ......read more
SCFHS accreditation now applies to all residency postgraduate training programs offered by MBRU March 20, 2023: Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) has been granted full institutional accreditation by the Saudi Commission for Health Specialties (SCFHS) for four more years. The renewed SCFHS accreditation now extends to all postgraduate residency ......read more
- Saudi’s SMEs authority Monsha’at and Zoho to accelerate digital transformation and e-commerce adoption in the SMEs sector - Under this agreement, the SMEs enrolled in Monsha'at’s Mazaya Programme can gain access to Zoho's 55+ cloud-based business solutions with a wallet credit worth USD 2500. - Monsha’at will facilitate online and offline digital ......read more
Following the recent appointment of Ahmed Abdulwahed and Modern Electronics as partners, Panasonic steps up further to optimally serve the growing market in the Kingdom as it also forms alliances with Modern Enterprises Expert Trading, Saudi Emirates Fraternity and Al Babtain Trading Riyadh, Kingdom of Saudi Arabia: Panasonic Marketing Middle East & Africa (PMMAF) ......read more
Jeddah, Saudi Arabia, 14 March 2023: SEDCO Capital, a global Shariah-compliant and ESG-led asset management and investment advisory firm (or “the Firm”) has successfully exited its SEDCO Capital Built-to-Suit Real Estate Fund I (or “the Fund”), delivering a 41% net return on invested capital. The Fund commenced operations in mid-2018, acquiring two education- ......read more
• Cicero & Bernay Communication Consultancy and 3Gem Research & Insights launch the third edition of the annual regional corporate social responsibility survey report. • Members from other countries nominated the UAE as the most active in CSR. Dubai, UAE, 9 March 2023: Cicero & Bernay Communication Consultancy (C&B), a leading MENA agency headquartered in ......read more
Shaker achieves strong FY22 earnings growth, continues strategic investments in KSA and expansion with LG partnership Riyadh, Saudi Arabia, 07 March 2023: Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, the “Group” or the “Company”), Saudi Arabia’s leading importer, manufacturer, and distributor of Air Conditioners and Home Appliances, ......read more
- Consolidated net profit attributable to equity holders of the parent for 2022 more than doubles, reaching SAR1,540 million, a 103% increase year-on-year - Operating income grew 14% year-on-year to SAR2,614 million - Added a record 5.44GW of power generation capacity exclusively through renewable sources - ACWA Power’s Board of Directors approved a dividend payment of SAR606.8 ......read more
- Global innovation leader to bring international expertise of around 1,500 employees to the Kingdom - Monstarlab drives digital transformation (DX), innovation in emerging tech supporting Saudi Vision 2030 across sectors including healthcare and smart places 01 March 2023 - Riyadh, Saudi Arabia: Monstarlab, the Japan headquartered global digital ......read more
News Summary: • stc, Cisco, and Solutions by stc entered into a multi-year collaboration in December 2021. • Goal is to build a unified, software-centric cloud services stack that includes infrastructure hardware, automation, virtualization, service assurance, and orchestration tooling. • Telco Cloud infrastructure across stc data centers built to enable the delivery ......read more