Saudi Cable Co. appointed Al Bilad Capital as an underwriter for the company’s capital increase via a SAR 400 million rights issue at SAR 10 a share, according to a statement to Tadawul. Saudi Cable will reveal updates as regards submitting the capital increase request to the Capital Market...
Mohanad Al Shaikh, CEO of Johnson Controls Arabia, said that exporting Saudi-made air conditioners to the US market today is merely the result of work done over the past years. Other agreements will be signed in the coming months to export to European markets. The company exports to more than...
Saudi EXIM Bank managed to find credit solutions of over SAR 10 billion during the first four months of 2024. It aims to provide a financing and insurance value for industrialists of around SAR 20 billion by year-end, CEO Saad Alkhalb told Asharq Alawsat newspaper. The bank aims to quadruple...
AviLease, a wholly owned subsidiary of the Public Investment Fund (PIF), delivered two Boeing 737-8 aircraft to Air India Express. These two aircraft are the first in a batch of six that will be delivered by AviLease to the airline in 2024 and 2025, AviLease said in a statement. Edward...
Financial incentives were offered to more than 490 factories through several initiatives and programs within the Future Factories Program, said Al-Bader Fouda, Acting Undersecretary of Industrial Development and Supervisor of the Empowerment Agency. The program aims to transform 4,000...
Joseph Chan, Under-Secretary for Financial Services and the Treasury at the Government of the Hong Kong Special Administrative Region, highlighted the ongoing efforts to strengthen relations with the UAE, to help pave the way for the expansion of Chinese companies into the markets of the Gulf...
Sharjah Business Women Council (SBWC), in collaboration with the American University of Sharjah (AUS), has launched a round table discussion series, designed to enhance entrepreneurial sectors within the UAE, particularly for women. The sessions, placing a strong focus on educational aspects...
Taiba Investments participated in Riyadh's Future of Hospitality Summit as a Founding and Platinum Sponsor. FHS Saudi Arabia, the most significant investment event of its kind, brought together an exclusive group of government leaders, investors, owners, and operators in the hospitality sector. The ...
Abu Dhabi’s non-oil exports to Poland have soared 253% in 2023, reflecting success of efforts made by the Abu Dhabi Department of Economic Development (ADDED) to deepen economic relations. This was announced at the 2nd Business Forum between Abu Dhabi and Poland, held in Silesia Region,...
Cleveland Clinic Abu Dhabi, part of the M42 group, has successfully completed a complex heart transplant for Muhammad Al Ketbi suffering from familial cardiomyopathy. The 28-year-old Emirati patient, who had been suffering with heart disease for more than a decade, developed...
