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In "BUSINESS"
April 28, 2025
Mercedes-Benz and Juffali Automotive Company partner with EVIQ to drive Saudi Arabia’s Electric Mobility Transformation
HONOR, a leading global AI device ecosystem company, has officially opened its first flagship experience store in Saudi Arabia at Solitaire Mall, marking a significant step in its expansion across the Kingdom. The opening event attracted a wide range of attendees, including media representatives, brand partners, lifestyle and tech influencers, tech enthusiasts, and loyal HONOR fans, all eager to be part of this exciting milestone.HONOR’s latest store opening represents a key milestone in the brand’s strategic growth across the region, particularly in Saudi Arabia. This move aligns with HONOR’s vision to expand its footprint and deepen its presence within the Kingdom.On this occasion Jerry, Country Manager of HONOR Device KSA, commented: “For us, HONOR Experience Store represents...
April 28, 2025
HONOR KSA expands its presence with new flagship Experience Store in Riyadh
stc announced its preliminary financial results for the period ending March 31, 2025, highlighting strong performance across key metrics.Revenues for the first quarter reached SR19,210 million, an increase of 1.60% compared to the same quarter last year. Gross profit rose to SR9,098 million, marking a 5.01% increase year-on-year, while operating profit reached SR3,584 million, up 2.02%.Earnings before interest, taxes, zakat, depreciation, and amortization (EBITDA) climbed to SR6,120 million, reflecting a 5.25% growth compared to the comparable quarter last year.Net profit for the first quarter rose to SR3,649 million, an increase of 11.05%. In line with its dividends distribution policy approved by the General Assembly, stc announced a distribution of SR0.55 per share for the first quarter...
April 27, 2025
stc reports strong first-quarter 2025 results with 11% rise in net profit
Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced on Sunday the bank’s financial results for the period ending 31 March, 2025.For the first three months of 2025, SAB recorded net profit after zakat and income tax of SR2,135 million, representing a 5% year-on-year increase. Total operating income rose 5% to SR3,620 million.Lubna Olayan, Chair of SAB, commented: “Despite challenging global macroeconomic conditions, we remain confident in Saudi Arabia’s growth story and proud of SAB’s role in supporting growth through disciplined and quality focused funding.SAB achieved an 8% growth in total loans quarter-on-quarter, driven by robust retail loan growth of 6% and an 8% growth in corporate activity.Net loans and advances reached SR279 billion, marking...
April 27, 2025
Saudi Awwal Bank records SR2.1 billion net profit after zakat and income tax for 1Q25
April 27, 2025
Virgin Atlantic celebrates one month of nonstop service between London and Riyadh
April 24, 2025
Feast of Flavors and Prizes: LuLu Hypermarket kicks off the “World Food Festival” across Saudi Arabia
April 24, 2025
Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group to propel development of King Fahd Sports City in Riyadh
April 24, 2025
Saudia Group signs deal with Airbus for flyadeal’s first wide-body aircraft
April 24, 2025
China sends Boeing planes back to US over tariffs
April 23, 2025
Bayut.sa launches “Journey to your Dream Home” campaign, demonstrating the ease of using its Website/App
