161 - 170 from 16450 .
In "BUSINESS"
RIYADH — The Public Investment Fund (PIF) announced Thursday the signing of five memorandums of understanding (MoUs) valued at up to $51 billion with prominent Japanese financial institutions.The MoUs were signed with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation (JBIC), and Nippon Export and Investment Insurance (NEXI).These agreements are integral to PIF’s strategy to enhance global financial collaboration, supporting cooperation across finance, investment, and sustainable development. They aim to facilitate two-way capital flows through both debt and equity channels.Rasees AlSaud, Head of Financial Institutions and Investor Relations, commented on the agreements, stating, “The MoUs demonstrate PIF’s robust and ever-deepening...
October 31, 2024
PIF signs $51 billion MoUs with major Japanese financial institutions
Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced today the Bank’s financial results for the period ending 30 September, 2024.For the first nine months of 2024, SAB recorded a net profit after zakat and income tax of SR5,944 million, representing a year-on-year increase of 16%. Total operating income rose by 10% to reach SR10,467 million.Lubna Olayan, Chair of SAB, commented: “I am pleased to share that SAB continues to demonstrate a robust financial performance. Our results for Q3 2024 demonstrate the success of the bank's strategy, with continued growth and strong performance across all customer segments. Our year-to-date Return on Tangible Equity (RoTE) reached an impressive 15.8%.Net loans and advances reached SR252 billion, representing a...
October 31, 2024
Saudi Awwal Bank records SR5.9 billion net profit after Zakat and Income Tax for YTD Q3
Saad Anwar, a 26-year-old Indian entrepreneur, secured his Premium Residency in Saudi Arabia in 2024, opening doors to significant opportunities for expatriates.
This residency allows individuals like Saad to work, own businesses, and invest in property without needing a local sponsor.
Saad’s journey is marked by resilience and ambition. Born in Lucknow, he moved to Jeddah with his family in 2003, quickly adapting to his new surroundings.
After completing his education, he began his career at 18, advancing through various roles until he launched his entrepreneurial journey in 2017.
By 2022, he fully acquired Senyar Arabian Trading, a contracting and manpower support company, and now serves as its CEO.
Since obtaining his Premium Residency, Saad has actively invested...
October 30, 2024
Saad Anwar: Indian entrepreneur expands business ventures in Saudi Arabia
October 30, 2024
EU gives final green light to steep tariffs on Chinese electric cars
October 29, 2024
The new off-road SUV of the future: Global launch of the J5 is imminent, leading a new trend in light off-road lifestyle
October 28, 2024
General Atlantic announces Riyadh office opening as firm expands in the Middle East
GymNation, the fastest-growing fitness brand in Saudi Arabia, has announced plans to accelerate its expansion following the opening of its 20th gym in the Middle East, marking its first six locations in Saudi Arabia.Reflecting on GymNation’s rapid growth and successful entry into the Saudi Arabian market, Loren Holland, GymNation Founder & CEO, said: “We’ve opened ten gyms this year, six of which are in Saudi Arabia — all on time, on budget, and exceeding membership expectations. We’ve received a very warm welcome and found Saudi Arabia to be a highly business-friendly environment, facilitated by ongoing support from the Ministry of Investment (MISA), who have been instrumental in GymNation’s expansion into the Kingdom.”With a government-led push to increase fitness...
October 28, 2024
Saudi Arabia's fitness movement: GymNation to accelerate expansion following opening of 20th location
In today’s automotive market, the rise of new energy vehicles (NEVs) has become an irreversible trend. Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) are leading the industry’s transformation with their unique driving styles and eco-friendly concepts.During the OMODA&JAECOO International User Summit, the J7 PHEV showcased its remarkable performance in the long-range challenge, achieving a total range of 1353 km and a pure electric range of 125.2 km, with a 139% achievement rate, and an ultra-low fuel consumption of 3.3L, proving the exceptional quality of the J7 PHEV to the world.The J7 PHEV long-distance challenge was a marathon journey attracting the attention of the media from seven countries: Italy, Malaysia, Mexico, Saudi Arabia, Spain, Turkey, and the UK, and paid...
October 24, 2024
Challenge achieved! JAECOO J7 PHEV model accomplishes 1353 km range marathon across seven countries: A glimpse into the future of automotive trends
October 24, 2024
Lulu Retail Holdings launches IPO, potentially largest in UAE for 2024
October 23, 2024
Burjeel Holdings unveils innovative mental health and ambulatory care solutions at Global Health Exhibition
