Tadawul,operator of Saudi share market, reports 8.1% drop in net profit for 2023
The Saudi share market revenue also declined by 1.6% due to lower trading and post-trade revenues, despite a surge in data and technology services revenue....
TECOM Group announces record-breaking results and dividend payout
DUBAI: TECOM Group, the creator of specialised business districts and vibrant communities in Dubai, has announced its best-ever financial and operational performance for the year...
Zain KSA reports record revenues of SAR 9.9 billion in 2023
RIYADH: Mobile Telecommunication Company Saudi Arabia (Zain KSA) announced its annual consolidated financial results for the year ending on 2023-12-31, revealing the highest revenues in...
Qatar launches $1 billion fund to boost venture capital and start-ups in the region
Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), has announced a new initiative to invest over $1 billion in venture capital funds that focus on...
ADNOC Distribution unveils new growth strategy to become multi-energy leader
ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, announced its new five-year growth strategy at an Investor Day in Abu Dhabi...
MENA’s EV Market to Boom by 2028, Experts Say
Electric vehicles (EVs) are on the rise in the Middle East and North Africa (MENA), with the market expected to reach US$7.65 billion by 2028,...
IMC to build a new integrated hospital in Jeddah
RIYADH: The International Medical Center Company (IMC), an associate company of Dallah Healthcare, has signed two agreements with specialized consulting companies for a new hospital...
Kinan International delays IPO on Nomu after CMA approval
RIYADH: Kinan International Real Estate Development Company, advised by Saudi Fransi Capital, has postponed its planned Initial Public Offering on the Parallel Market (Nomu) due...
Saudi Lime Industries acquires Astra Mining for 164.6 million riyals
RIYADH: Saudi Lime Industries Company (SLIC) has signed a conditional binding agreement with Astra Industrial Group (AIG) and Tharawat Mining Company (TMC) to acquire 100%...
Dr. Sulaiman Al Habib Medical Services Group reports 23.94% net income growth in 2023
Dr. Sulaiman Al Habib Medical Services Group (HMG), one of the largest private healthcare providers in the Middle East, announced its annual financial results for...
Hilton to brand and service luxury apartments in Medina’s Knowledge City Hub Project
Medina: Hilton Worldwide Manage Limited has signed an agreement with the Company to provide branding and marketing license and hotel services for the residential tower...
Gulf Insurance Group reports strong financial performance in 2023
Gulf Insurance Group (GIG), one of the leading insurance companies in the Middle East, announced its annual financial results for the period ending on 2023-12-31,...