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61 - 70 from 16485 . In "BUSINESS"
Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities
Saudi Gazette reportRIYADH — The Saudi Exchange Company has approved Morgan Stanley Saudi Arabia to conduct Market Making activities on eight listed securities in both the Main Market and Nomu – Parallel Market, effective March 10, 2025.In the Main Market, Morgan Stanley Saudi Arabia will act as a Market Maker for Arabian Internet and Communications Services Co. (7202), Electrical Industries Co. (1303), Elm Co. (7203), and The Company for Cooperative Insurance (8010).The Market Maker obligations for these securities include a minimum presence of orders at 80%, minimum sizes ranging from SR75,000 to SR150,000, and a maximum spread of 0.65%.In the Nomu – Parallel Market, Market Making activities will apply to National Environmental Recycling Co. (9540), International Human Resources...
March 09, 2025

Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities

Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).This achievement makes SAB the first bank in the Kingdom to receive this prestigious recognition and acknowledges its leading efforts and prominent role in advancing environmental, social, and corporate governance (ESG) practices within the Saudi economy and market.The winners were selected by independent committees composed of a distinguished group of sector experts, carefully chosen by the CFA Society Saudi Arabia and the Middle East Investor Relations Association. Competitors were evaluated according to stringent criteria to ensure the highest levels of excellence in their respective fields.Tony Cripps, Managing Director...
March 09, 2025

Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum

How TikTok is nurturing Saudi Arabia's STEM scene to support Vision 2030 goals
More than one billion people from around the world come to TikTok each month to express themselves authentically, be entertained, start and grow a business, or learn a new skill or hobby. STEM-related communities on TikTok have proven to be a massive success, with almost 10 million STEM-themed videos published worldwide in the last three years. From hands-on experiments to coding and engineering tutorials, the platform offers endless opportunities for STEM creators to share their knowledge.Building on TikTok’s role in education and knowledge-sharing, the platform has launched Saudi Arabia’s first-ever dedicated STEM feed, providing high-quality, verified content in Science, Technology, Engineering, and Mathematics (STEM). This initiative aligns with TikTok's broader mission of...
March 06, 2025

How TikTok is nurturing Saudi Arabia's STEM scene to support Vision 2030 goals

Fakeeh Care Group reports FY-2024 revenues of SR2.8 billion, up 20% year-on-year
Dr Soliman Abdel Kader Fakeeh Hospital Company and its Subsidiaries (“Fakeeh Care Group”, “FCG”, “Fakeeh Care”, the “Company” or the “Group”), a leading fully integrated academic healthcare provider listed on TASI (SYMBOL: 4017 and ISIN code SA562GSHUOH7), announced on Wednesday its financial results for the full year ended 31 December 2024 reporting revenues of SR2.8 billion, up by a solid 20% y-o-y. Net Profit for the year reached SR 263.7 million, up 36% y-o-y compared to the adjusted[1] figure of SR 193.8 million in FY-2023, with net profit margin expanding c.110 bps to 9.4% versus an adjusted1 8.3%.Revenue growth during the year was driven by a higher number of patients served in Jeddah as well as the ramp up at Riyadh Hospital; an improved business mix that...
March 05, 2025

Fakeeh Care Group reports FY-2024 revenues of SR2.8 billion, up 20% year-on-year

PIF and Italy’s SACE sign MoU to boost financial collaboration with up to $3 billion in project support
RIYADH — The Public Investment Fund (PIF) and SACE, the Italian insurance and financial group fully owned by Italy’s Ministry of Economy and Finance, have signed a memorandum of understanding (MoU) aimed at strengthening their bilateral partnership.Under the agreement, PIF and SACE will collaborate on information-sharing and business expertise, with a particular focus on strategic sectors.The MoU also includes a provision for SACE to consider offering up to an additional $3 billion in financing support for projects led by PIF and its portfolio companies.The signing builds on an existing relationship between PIF and SACE, which has already facilitated financing exceeding $3 billion for PIF portfolio companies, with participation from several leading financial institutions. As a key...
March 05, 2025

PIF and Italy’s SACE sign MoU to boost financial collaboration with up to $3 billion in project support

Bevatel leads the WhatsApp Business API and Meta Solutions for GCC businesses
The WhatsApp Business API, integrated seamlessly by Bevatel, has set a new standard in the field of communication solutions. As a leading provider for businesses in Saudi Arabia and the GCC and a recognized Meta Business Partner, Bevatel offers advanced tools to enhance customer engagement and operational efficiency, ensuring seamless and effective connections with their customers. Bevatel: A Trusted Partner for Modern Business Communication Bevatel has built its reputation by delivering tailored communication solutions that address the unique needs of businesses across diverse industries, including healthcare, education, e-commerce, tourism, food and beverages, hospitality, and real estate. By leveraging cutting-edge technology, the company has empowered departments such as marketing,...
March 04, 2025

Bevatel leads the WhatsApp Business API and Meta Solutions for GCC businesses

HONOR unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company
Global technology brand HONOR on Monday announced the HONOR ALPHA PLAN, a new corporate strategy to transform HONOR from a smartphone maker to a global leading AI device ecosystem company. The visionary three-step plan details the bold steps HONOR will take to usher in the new intelligent world, and calls on the industry to co-create an open, value-sharing ecosystem that maximizes human potential, ultimately benefiting all mankind.“It is clear that the AI revolution will reshape the paradigm of the device industry - completely transforming our productivity, our society, and even our culture more than ever before,” said James Li, CEO of HONOR. “I am calling on all of us to unite together to address the challenges – as well as the many opportunities – of AI technology. I also call...
March 03, 2025

HONOR unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company

Secure 2030 by Seclore strengthens Data Sovereignty, Cybersecurity and Regulations in Saudi Arabia
Justin Endres, Chief Revenue Officer and Global Head of Sales said: “At Seclore, we consider data sovereignty and cybersecurity as vital aspects in safeguarding Saudi Arabia as a global leader undergoing an impressive and rapid digital transformation. To uphold the integrity of the modern digital ecosystem, it is essential to implement scalable data-centric security solutions, such as those provided by Seclore. Saudi Arabia's ‘Vision 2030’ has an essential element of digitally transforming the country and at Seclore, we believe that a key part of the longevity of the digital transformation is to be sure cybersecurity and data sovereignty are at the core of technology implementations.”“Seclore offers solutions that protect data at its core bringing cybersecurity protections to...
March 03, 2025

Secure 2030 by Seclore strengthens Data Sovereignty, Cybersecurity and Regulations in Saudi Arabia

MEPCO lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, doubling Supply Capacity and introducing Superior-Quality Paper to the Region
The Middle East Paper Manufacturing and Production Company (“MEPCO”), the leading company in the region's paper industry, announced the laying of the foundation for its 5th paper production line (PM5), the largest of its kind in the Middle East, as part of its strategic plan to strengthen Saudi Arabia’s role in the global paper market.The new production line (PM5) will double MEPCO’s total production capacity from 425,000 tons to 875,000 tons annually, strengthening its market position and establishing its dominance in the region. PM5 will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines.By closing the gap on the Kingdom’s 30% reliance on imported containerboard, PM5 will...
March 03, 2025

MEPCO lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, doubling Supply Capacity and introducing Superior-Quality Paper to the Region

For the Fourth Consecutive Year, Dr. Soliman Fakeeh Hospital in Jeddah ranked Best Private Hospital in Saudi Arabia by Newsweek    
Dr. Soliman Fakeeh Hospital in Jeddah continues to achieve milestones that solidify its leading position in the healthcare sector in the Kingdom of Saudi Arabia.The hospital has maintained its ranking as the best private hospital in Saudi Arabia for the fourth consecutive year. The hospital has also ranked second among all Saudi public and private hospitals, according to the American Newsweek magazine ranking.It is noteworthy that Fakeeh Care Group is a distinctive icon of integrated healthcare, thanks to its constant commitment to the highest standards of quality and innovation.
March 02, 2025

For the Fourth Consecutive Year, Dr. Soliman Fakeeh Hospital in Jeddah ranked Best Private Hospital in Saudi Arabia by Newsweek    

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