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Arcapita expands US private equity portfolio with the acquisition of Trustpoint

Arcapita Group Holdings Limited (“Arcapita”), the global alternative investment firm, announced today that it has successfully completed the acquisition of a majority stake in Trustpoint.One (“Trustpoint” or the “Company”), a leading provider of tech-enabled legal services to law firms and corporate clients in the United States, headquartered in Atlanta, Georgia.Valued at over $400 billion, the US legal services market is highly fragmented and experiencing growing demand for alternative legal service providers (ALSPs) due to rising litigation volumes and the need for technology-driven solutions.Historically, litigation has not been linked to GDP growth and is generally insulated from macroeconomic trends. ALSPs are an integral part of the modern litigation landscape due to...

May 06, 2025

Arcapita expands US private equity portfolio with the acquisition of Trustpoint

Farabi and Richful to build first full-scale lubricant additive complex in Saudi Arabia

Under the patronage of the Ministry of Energy (MoE), Farabi Downstream Petrochemical Company (a FARABI Investment group company) signed a MoU on Feb. 26, 2025 with Xinxiang Richful Lube Additive Co., Ltd (one of the largest Lube components and package manufacturer in China), to establish a Joint Venture (JV) for manufacturing of Lubricant additive components and Packages in the Kingdom.The JV will be coming up with an Integrated State-of-the-art Lubricant Additive Plant in Yanbu, Saudi Arabia for manufacturing Lube additive components & Packages, complying global standards.Richful’s market place and extensive R&D expertise in the lube additives sector, along with Farabi’s state of the art manufacturing footprint within Saudi Arabia and the region makes this strategic partnership a...

May 06, 2025

Farabi and Richful to build first full-scale lubricant additive complex in Saudi Arabia

The IPO will consist of 51.26 million ordinary shares, representing 30% of the company’s post-offering share capital.

Flynas announces IPO plans with 30% stake to be listed on Saudi Exchange

Saudi Gazette reportRIYADH — Saudi low-cost carrier flynas announced on Monday its intention to proceed with an initial public offering (IPO) and list its shares on the Main Market of the Saudi Exchange (Tadawul), following approval by the Capital Market Authority (CMA) on March 26.The IPO will consist of 51.26 million ordinary shares, representing 30% of the company’s post-offering share capital. This includes 33.83 million existing shares to be sold by current shareholders, 8.32 million treasury shares, and 17.43 million newly issued shares.The offering will be open to both institutional and individual investors, with the final offer price to be determined through a book-building process.The subscription period for individual investors will begin on Wednesday, May 28, 2025, and close...

May 05, 2025

Flynas announces IPO plans with 30% stake to be listed on Saudi Exchange

Cenomi Centers and Unibail-Rodamco-Westfield forge landmark partnership to shape future of retail real estate in KSA

• Strategic and franchising partnership announced between Cenomi Centers, the leading mall developer and operator in Saudi Arabia, and Unibail-Rodamco-Westfield (URW), owner, developer and operator of sustainable, high-quality flagship Westfield destinations in Europe and the US• 10-year agreement, with an option to extend for an additional 10 years, covering exclusive licensing rights to the Westfield brand in KSA and access to URW’s network, expertise and capabilities across key assets• Partnership to enhance Cenomi Centers’ market leadership; expanding its consumer and tenant base, elevating customer experience to global standards, unlocking new growth avenues, and improving sustainability and operational efficiencies• Cenomi will continue to fully own and...

May 05, 2025

Cenomi Centers and Unibail-Rodamco-Westfield forge landmark partnership to shape future of retail real estate in KSA

SABIC reports SR1.2 billion loss in Q1 2025

Saudi Gazette reportRIYADH — SABIC announced on Sunday a net loss of SR1.2 billion for the first quarter of 2025 — a 36% improvement from the SR1.9 billion loss recorded in the previous quarter, driven by one-time restructuring costs and continued global market pressures.CEO Abdulrahman Al-Fageeh attributed the quarterly loss primarily to expenses related to business restructuring, which he said are expected to yield positive long-term results by enhancing cost control.He also cited a global economic slowdown, market uncertainty, and oversupply in the petrochemical sector as key factors impacting demand and margins.“The oversupply of petrochemicals continues to pressurize product prices and, in turn, profit margins,” Al-Fageeh said at a press conference held at SABIC headquarters...

May 04, 2025

SABIC reports SR1.2 billion loss in Q1 2025

Dar Wa Emaar, in partnership with NHC, launches "Saraya Al Sharq" project in Dammam with an investment volume of SR750 million

Dar Wa Emaar Real Estate Investment & Development Company has announced the launch of its latest residential development, "Saraya Al Sharq," in partnership with the NHC. The project involves an investment valued at SR750 million in Al-Wajeha destination, Dammam, as part of the company's ongoing commitment to meeting the evolving needs of Saudi families and supporting the Kingdom's Vision 2030 goal of increasing homeownership to 70%.Spanning over 410,000 square meters, "Saraya Al Sharq" offers 616 residential units, making it the newest addition to the acclaimed "Saraya" series by Dar Wa Emaar. The project has been designed in line with the highest construction and urban planning standards, providing four distinct unit models tailored to suit Saudi...

May 04, 2025

Dar Wa Emaar, in partnership with NHC, launches "Saraya Al Sharq" project in Dammam with an investment volume of SR750 million

L’Oréal Saudi Arabia inaugurates ‘L’Oréal for the Future’ summit in Jeddah to empower Saudi women and promote sustainable growth

L’Oréal Saudi Arabia inaugurated its landmark L’Oréal for the Future Summit in Jeddah on April 24, reaffirming its commitment to empowering Saudi women and advancing sustainability within the Kingdom’s beauty industry.The event brought together government stakeholders, sustainability experts, environmentalists, and key industry leaders to exchange knowledge and insights on building a more inclusive and responsible future for the sector.A key highlight of the summit was the formal launch of the professional certification program for hairdressers under the L’Oréal Professional Hairdressing Academy.This milestone marks a significant advancement in establishing industry standards across Saudi Arabia, reflecting L’Oréal’s dedication to empowering local talent, promoting skill...

May 02, 2025

L’Oréal Saudi Arabia inaugurates ‘L’Oréal for the Future’ summit in Jeddah to empower Saudi women and promote sustainable growth

Introducing Bayut Workshops: Helping you pave the way

Bayut, being a pioneer in the real estate industry, has expanded its operations across the region since its launch in the UAE in 2008.In early 2024, Bayut launched in Saudi Arabia, with a massive impact on the market and providing its customers with an elevated home searching experience. Bayut.sa has reached 13 millions visits on its platforms in its year in Saudi Arabia. Having made a difference in the customer’s experience, Bayut.sa has launched Bayut Workshops here in KSA, with the aim of helping real estate agents learn more about the industry and transform their experience.What is Bayut Workshops?Bayut Workshops was launched in the UAE in 2017 as an in-house training program for real estate agents of all levels of expertise. It offers informative courses for up to 40 agents per...

May 01, 2025

Introducing Bayut Workshops: Helping you pave the way

New Parkinson’s Pump therapy introduced at King’s College Hospital London in Dubai

King's College Hospital London in Dubai has heralded new hope for Parkinson's patients by becoming the first to perform subcutaneous levodopa (fos-levodopa) pump therapy on the youngest Parkinson's patient in the UAE and the MENA region.Diagnosed with Parkinson’s disease at the age of only 30, the patient lived with the disorder for 14 years and had been entirely dependent on three caregivers for assistance. This treatment marks a giant breakthrough in the care of Parkinson's patients, granting them new prospective enhancements to the patient's quality of life.The Foslevodopa pump therapy was introduced to the Middle East by King's College Hospital Dubai. The continuous delivery of levodopa through the patient's skin via this pump resembles that of an insulin...

May 01, 2025

New Parkinson’s Pump therapy introduced at King’s College Hospital London in Dubai

Saudi Awwal Bank launches a world class Innovation Centre to provide financial services

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, announced the inauguration of its Innovation Centre on Thursday, May 1. The facility is designed to inspire and accelerate innovation, positioning the Kingdom as a powerhouse in Financial Services Innovation.The SAB Innovation Centre serves as a hub for creativity, collaboration, and experimentation, enabling employees, customers, and partners in the financial ecosystem to co-create and deliver. With a focus on fostering an entrepreneurial culture, the centre provides cutting-edge resources and spaces for ideation, testing, and refining transformative solutions.Lubna Olayan, Chair of SAB, said: “SAB’s Innovation Centre is an investment in the future — not just in technology, but in the talent and ideas...

May 01, 2025

Saudi Awwal Bank launches a world class Innovation Centre to provide financial services

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