RIYADH: Saudi Advanced Industries Co. (SAIC) has released its annual financial results for the year ended December 31, 2023, showcasing a significant surge in profitability and revenue. The company’s sales/revenue climbed by 55.23% to SAR 180.15 million, up from SAR…
RIYADH: Filing and Packing Materials Manufacturing Co. (FIPCO) has released its annual consolidated financial statements for the fiscal year ended December 31, 2023. The company reported a decrease in sales/revenue by 8.71% from the previous year, down to SAR 238…
RIYADH: Allianz Saudi Fransi Cooperative Insurance Co. has announced its annual financial results for the year ending December 31, 2023, showcasing significant growth in key financial metrics. The company’s insurance revenues soared to SAR 862,625.07, marking a 17.26% increase from…
JEDDAH, KSA: The First Milling Company, a leading agro-industrial enterprise, has announced the launch of its fully-owned subsidiary, the First Food Supplies Company. The new venture is set to bolster the parent company’s ambitious growth plans and strategic goals. With…
RIYADH: The National Agricultural Development Company (NADEC) has announced a new partnership with the United Feed Company, part of Al Muhaidib Group to enhance food security and support the agricultural sector. The collaboration, endorsed by His Excellency Eng. Abdulrahman bin…
The landscape of real estate investment is ever-changing, and recent signals from the Federal Reserve suggest that this fluidity will continue. As investors, it’s crucial to understand that the dynamics of interest rates, as discussed in the Federal Open Market…
United Rentals, Inc. (NYSE: URI) has successfully completed the acquisition of leading matting solution providers Yak Access, LLC, Yak Mat, LLC, and New South Access & Environmental Solutions, LLC, collectively known as “Yak.” The deal, valued at approximately $1.1 billion…
Azitra Inc. (NYSE American: AZTR), a trailblazer in precision dermatology, today announced its financial outcomes for the year ending December 31, 2023, alongside a comprehensive business update. Financial Highlights: Operational Milestones: Pipeline Prospects: Azitra’s strategic advancements and robust pipeline position…
OMAHA: AMCON Distributing Company, a prominent distributor of consumer goods, has announced the strategic acquisition of Illinois-based Burklund Distributors Inc. This move will enable AMCON to extend its service to approximately 7,400 retail locations across 32 states from Burklund’s distribution…
GaAs Labs LLC has divested its portfolio company, Mission Microwave Technologies LLC, known for its advanced GaN-based amplifiers and upconverters for satellite communications, to an affiliate of the investment firm J.F. Lehman Company. The sale marks a new chapter for…
KARACHI: Engro Fertilizers, a leading agricultural support company, has taken decisive steps to ensure the enforcement of urea pricing guidelines in line with the Government’s directives. The move aims to guarantee the availability of urea to farmers at officially sanctioned…
I Squared Capital, a global leader in infrastructure investments, announces today that it has begun exclusive negotiations to acquire the remaining 55% stake in Rubis Terminal that it does not already own, from Rubis SCA, a French energy group. If…