Category: Corporate News

**Titular**: “Zain KSA, Nokia Boost 5G Innovation” **Intro**: Zain KSA and Nokia announced a strategic partnership at LEAP24 to deploy cutting-edge 5G Cloud RAN infrastructure, targeting enhanced network efficiency and user experiences. This collaboration aligns with Saudi Vision 2030, aiming to revolutionize telecom services for individuals and enterprises while driving next-gen digital transformation. **Factbox**: – […]

**Título:** *Zain KSA 2023 Profit Soars 131%* **Intro:** Zain KSA reported record annual revenue of SAR 9.9 billion in 2023, a 9% year-on-year surge, with net profit skyrocketing 131% to SAR 1.3 billion. The telecom giant credited 5G expansion, tower infrastructure sales, and digital service demand. It also announced a 5% dividend payout and highlighted […]

**Titular:** *KHC Vende Kingdom City por 900M* **Intro:** Kingdom Holding Company (KHC) vendió el complejo residencial de lujo *Kingdom City* en Riad a un fondo de Alawwal Investment por 900 millones SAR. KHC mantendrá participación en el nuevo fondo. Ubicado estratégicamente cerca de proyectos clave, el complejo conservará su nombre y operación especializada. **Factbox (50 […]

**Titular:** “Celebrating Legacy, Embracing New Chapters” **Intro:** Omrania recently honored three pillars of its legacy—Mr. Basem Al Shihabi, Mr. Othman Al Washmi, and Mr. Abdulsalam Al Haddad—during an emotional farewell at HQ. Their decades of dedication shaped the company’s journey, leaving indelible marks of camaraderie, expertise, and loyalty. We bid them gratitude-filled farewells as they […]

**Headline:** “Shipping Rates Sink Oil Revenue” **Intro:** A sharp decline in global shipping rates dragged quarterly oil transport revenue down by SAR 737 million year-on-year, slashing net profit. While Chemicals and Logistics sectors offset losses sequentially, rising finance costs and sector volatility shaped mixed annual results. **Factbox (50 words):** – **Oil Transport Revenue Drop:** SAR […]

**Titular:** *Aramco Caps Oil Capacity at 12 MMBD* **Intro:** Saudi Aramco will maintain its Maximum Sustainable Capacity at 12 million barrels per day (MMBD), halting plans to expand to 13 MMBD, following a directive from the Ministry of Energy. The decision aligns with the 2017 Hydrocarbons Law, with revised capital expenditure plans to be shared […]

**Titular:** Zain KSA, Maximus Boost Youth Skills **Intro:** Zain KSA has signed an MoU with Maximus to empower Saudi youth through professional training and market-ready skill development. Aligned with Saudi Vision 2030’s Human Capability Development Program, the partnership bridges education and job market demands, fostering innovation and a future-ready workforce to accelerate the Kingdom’s digital […]

**Headline:** Aramco Doubles Venture Capital to $7B **Intro:** Aramco has allocated an additional $4 billion to Aramco Ventures, doubling its capital to $7 billion. This elevates its total VC commitment to $7.5 billion, including Saudi-focused Wa’ed Ventures. The expansion aims to accelerate global innovation in energy transition, digital tech, and sustainability, aligning with Aramco’s long-term […]

**Título:** Bahri Logistics, SAR Partner on Freight **Intro:** Bahri Logistics has secured a three-year agreement as Saudi Arabia Railways’ (SAR) primary freight forwarding partner for international imports/exports. The collaboration aims to bolster rail transport efficiency and expand integrated logistics solutions, leveraging Bahri’s decades of expertise and SAR’s railway network to drive sector growth. **Factbox (50w):** […]

**Titular**: Bahri aprueba decisiones clave en asamblea virtual **Intro**: La Asamblea General Ordinaria de Bahri, celebrada virtualmente el 26 de diciembre de 2023, logró quórum con el 52,72% de acciones representadas. Los accionistas debatieron y respaldaron resoluciones estratégicas para el rumbo futuro de la compañía naviera saudí, reforzando su compromiso con la transparencia y participación […]