Category: Corporate News

AviLease, a PIF company, delivers three Airbus A320neo aircraft to SDH Wings, advancing a strategic partnership and Vision 2030 goals.

Diriyah Company signs MoU with INSEAD Abu Dhabi to enhance human capital through training, development, and academic collaboration, supporting Saudi Vision 2030.

Saudi Aramco CEO Amin Nasser reaffirms commitment to China, highlighting investment opportunities in energy, chemicals, and technology at the China Development Forum.

The Industrial Innovation Association launches the Industrial Innovation Excellence Award to recognize outstanding Saudi industrial companies driving innovation and competitiveness.

AviLease, the Saudi aircraft lessor, signs a strategic agreement with Turkish Airlines to lease eight Airbus A320neo aircraft, boosting Saudi aviation finance and Vision 2030 goals.

Folk Maritime, a PIF company, acquires M/V Folk Jazan to expand regional maritime connectivity, supporting Saudi Vision 2030 and global logistics hub goals.

Saudi Aramco, Sinopec, and Yasref sign a Venture Framework Agreement to advance a major petrochemical expansion at Yanbu, boosting Saudi-China energy cooperation and Vision 2030 goals.

Elm, a leading Saudi digital solutions provider, will showcase advanced technologies at GITEX AFRICA 2025 in Marrakech, expanding its presence in African markets.

MAKEEN signs strategic agreement with Denmark’s DESMI to localize marine systems manufacturing in Saudi Arabia, boosting Vision 2030 industrial goals and creating jobs.

Saudi Electricity Company wins five medals at the 50th Geneva International Exhibition of Inventions, showcasing innovations in energy reliability and sustainability.

The Saudi Post (SPL) signs agreements with four national factories to manufacture files, postal parcels, and labels, boosting local industry and Vision 2030 goals.

ROSHN Group, a PIF company, launches nationwide CSR initiatives including SAR30m donation to Ehsan, clothing drives, and orphan support, aligning with Saudi Vision 2030.

The US-Saudi Business Council celebrates 30 years of strengthening trade and investment ties between Saudi Arabia and the United States in Riyadh, launching new strategic discussions.

Saudi Aramco and BYD sign joint development agreement to explore new energy vehicle technologies, advancing Saudi Vision 2030 sustainability goals.

The Oil Sustainability Program and Hyundai Motor Company signed an MoU in Seoul to develop advanced vehicle technologies, boosting sustainable transport and Saudi Vision 2030.

PepsiCo opens regional headquarters in Riyadh’s KAFD, boosting Vision 2030. Learn about investments, job creation, and Saudi Arabia’s business appeal.

The Federation of Saudi Chambers organized the Saudi-Ethiopian Business Forum in Riyadh, with over 150 participants, to boost trade and investment ties.

Saudia Group signs deal with Airbus for up to 20 A330neo wide-body aircraft, including 10 for flyadeal, boosting fleet modernization and Vision 2030 goals.

Saudi Arabian Mining Company (Maaden) launches new brand identity with tagline ‘Unearth Tomorrow’, reinforcing its role in Vision 2030 and global mining leadership.

AviLease, the Saudi aircraft lessor, closes a $1.5 billion unsecured revolving credit facility, oversubscribed by 20 global banks, boosting its liquidity to $2.25 billion.

The Saudi-US Business Council hosts New Jersey Governor Phil Murphy in Riyadh to strengthen $3.14B trade ties and explore new partnerships in healthcare, education, and energy.

What This Article Is About & Why It Matters This article covers the Saudi Institute of Internal Auditors’ global outreach initiative, “From Riyadh to the World,” which concluded in Chicago on May 21, 2025. Led by CEO Abdullah Al-Shubaili, the initiative highlights Saudi Arabia’s internal audit evolution and its strategic role in governance, public sector […]

What This Article Is About & Why It Matters This article highlights the signing of a memorandum of understanding (MoU) on May 21, 2025, between the Saudi Food and Drug Authority (SFDA) and the Jordan Food and Drug Administration (JFDA) in Amman. This MoU is a strategic milestone for regional regulatory integration in food and […]

What This Article Is About & Why It Matters This article highlights the May 21, 2025 inauguration of BAE Systems Arabian Industries in Riyadh, launched by GAMI Governor Eng. Ahmad Abdulaziz Al-Ohali. This unified defense entity strengthens Saudi Arabia’s defense manufacturing base, supports Vision 2030’s localization targets, and reinforces international confidence in the Kingdom’s investment […]

What This Article Is About & Why It Matters This article explains the Ministry of Commerce’s latest compliance reminder for Saudi companies with a fiscal year ending in December 2024. By urging the electronic submission of financial statements by June 30, 2025, the ministry is reinforcing transparency, investor confidence, and good governance—critical pillars of Saudi […]

What This Article Is About & Why It Matters This article highlights a milestone partnership between Saudi Arabia’s Public Investment Fund (PIF) and Hyundai Motor Company, announced on May 18, 2025. The launch of Hyundai’s first integrated automotive manufacturing plant in the Kingdom marks a key step toward industrial transformation, localization of advanced technologies, and […]

What This Article Is About & Why It Matters This article covers the opening of the Global Project Management Forum 2025 in Riyadh, a groundbreaking event showcasing how artificial intelligence, human talent, and hybrid strategies are reshaping global project delivery. It provides valuable insights into how Saudi Arabia is driving Vision 2030 through innovation, leadership, […]

What This Article Is About & Why It Matters This article details a groundbreaking partnership between Saudi Arabia’s national AI company, HUMAIN, and Amazon Web Services (AWS), announced on May 15, 2025. With over $5 billion in investment, the alliance will establish an “AI Zone” to transform the Kingdom into a global AI innovation hub. […]

What This Article Is About & Why It Matters This article highlights Uber’s strategic announcement at the Saudi-US Investment Forum on May 15, 2025. CEO Dara Khosrowshahi revealed plans to deploy self-driving vehicles in Saudi Arabia. This bold step marks a key milestone in the Kingdom’s journey toward Vision 2030’s mobility, innovation, and smart city […]

What This Article Is About & Why It Matters This article covers Elon Musk’s keynote at the Saudi-US Investment Forum on May 15, 2025, where he praised Saudi Arabia’s approval of Starlink for aviation and maritime sectors. Musk shared bold predictions about humanoid robots, AI, and autonomous vehicles, positioning the Kingdom as a key player […]

What This Article Is About & Why It Matters This article highlights AviLease’s historic first direct order of 30 Boeing 737-8 aircraft, announced on May 14, 2025. This strategic agreement not only elevates AviLease’s position as a global aircraft leasing leader, but also accelerates the Kingdom’s progress in developing its aviation industry under Vision 2030. […]

What This Article Is About & Why It Matters This article highlights the May 13, 2025 visit of European Court of Auditors President Tony Murphy to Riyadh, where he met with Dr. Hussam Alangari, President of Saudi Arabia’s General Court of Audit (GCA). The visit centered on strengthening institutional cooperation, sharing best practices in public […]

What This Article Is About & Why It Matters This article showcases Saudi Arabia’s outstanding presence at the Athens International Defense and Security Exhibition (DEFEA), which concluded on May 9, 2025. Through the Saudi pavilion—organized by the General Authority for Military Industries (GAMI)—the Kingdom promoted its cutting-edge defense innovations, strategic partnerships, and investment potential. This […]

What This Article Is About & Why It Matters This article covers Saudi Arabia’s first participation in the Athens International Defense and Security Exhibition (DEFEA), showcasing the Kingdom’s growing defense capabilities and industrial innovation. It highlights how Saudi Arabia is strengthening global partnerships, attracting investors, and advancing national security through technology—all aligned with Vision 2030’s […]

What This Article Is About & Why It Matters This article covers the Saudi Authority for Intellectual Property’s (SAIP) 2024 statistical report, released on May 7, 2025. The report highlights Saudi Arabia’s record-breaking achievements in patent filings, trademarks, design registrations, and copyrights—showcasing national progress in innovation, creativity, and economic diversification under Vision 2030. Vision-Aligned Article: […]

What This Article Is About & Why It Matters This article introduces Saudi Arabia’s sixth Internal Audit Forum, set for May 12, 2025, in Riyadh. Hosted by the General Court of Audit, the forum highlights the Kingdom’s commitment to transparency, accountability, and global best practices in public governance. It aligns with Vision 2030’s objectives to […]

What This Article Is About & Why It Matters This article highlights the May 6, 2025 visit of Georgian Ambassador Nikoloz Revazishvili to the Saudi Postal Corporation (SPL) headquarters in Riyadh, where he met with SPL President Eng. Anef Abanmi. The meeting showcased SPL’s cutting-edge logistics and digital systems, reaffirming Saudi Arabia’s global leadership in […]

What This Article Is About & Why It MattersThis article highlights the first 2025 meeting of the Saudi Broadcasting Authority (SBA) Board of Directors, chaired by Minister of Media Salman Al-Dossary. It reflects Saudi Arabia’s continued focus on developing its media landscape in alignment with Vision 2030. Readers will see how Saudi broadcasting is evolving […]

Saudi Arabia Strengthens Global Audit Leadership About This Article:This article celebrates Saudi Arabia’s participation in major international auditing discussions at ASOSAI meetings in Beijing. It highlights the Kingdom’s leadership in transparency, institutional development, and Vision 2030 goals, while showcasing its peaceful values, global cooperation, and drive for excellence. Saudi Arabia continues to shine on the […]

Saudi Arabia’s IP Leadership Shines Globally About This Article:This article highlights Saudi Arabia’s outstanding progress in intellectual property protection, recognized on World Intellectual Property Day 2025. It showcases the Kingdom’s commitment to innovation, Vision 2030 goals, and its global leadership in fostering creativity and safeguarding rights. Saudi Arabia once again leads the world with pride […]

Zain KSA has launched the Kingdom’s first fully localized fleet management system, reinforcing Saudi Vision 2030’s digital economy goals. Designed and assembled domestically, the solution leverages real-time GPS tracking and Zain Cloud to optimize logistics, cut fuel consumption, and reduce carbon footprints—advancing sustainability and operational efficiency for businesses. Factbox (50w): – 100% Saudi-made: Supports “Made […]

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: – Partners: Zain KSA and Nokia. – Focus: 5G […]

Título: Zain KSA 2023 Profit Soars 131% 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 ESG […]

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 palabras): – Ubicación: Intersección Al-Thumama y King Abdulaziz […]

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 step into new adventures. Factbox (50w): Honoring […]

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 737M (YoY) due to lower shipping rates. […]

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 in March 2024 alongside annual results. Factbox (50w): – […]

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 transformation. Factbox (49 palabras): – Partnership: Zain KSA […]

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 net-zero and diversification goals. Factbox (50 words): – […]

Título: Bahri Logistics, SAR Partner on Freight 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): – […]

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 tecnológica. Factbox (50 palabras): – Fecha: 26/12/2023 (13-06-1445 H). […]

Ma’aden, en alianza con Metso y thyssenkrupp Uhde, desarrollará un complejo innovador en Ras Al Khair (Arabia Saudita) para capturar CO₂ mediante calcificación de fosfoyeso con azufre. El proyecto patentado busca reducir emisiones en su negocio de fosfatos y transformar este residuo en recurso, impulsando una economía circular. Factbox (50 palabras): – Ubicación: Ras Al […]

Título: Ma’aden Uncovers Saudi Gold Belt The Saudi Arabian Mining Company (Ma’aden) has discovered a 100km gold resource extension south of its Mansourah Massarah mine, signaling a potential world-class gold belt. Initial drilling revealed high-grade deposits, including intercepts of 20.6g/t Au, while northern expansions aim to upgrade 1.5 million ounces. The find aligns with Vision […]

Sulaiman Al Homran, Lead Architect at Omrania, showcased innovative urban design strategies at the NEOM Young Architects Residency in Venice (July 7–13). Collaborating with Saudi peers and global mentors, he explored Zero Gravity Urbanism—a concept reimagining cities through futuristic, sustainable frameworks. The intensive program blended 3D modeling, interdisciplinary dialogue, and visionary planning, reinforcing Omrania’s dedication […]

The National Shipping Company of Saudi Arabia (Bahri) secured quorum at its first Ordinary General Assembly meeting on December 26, 2023, with 52.72% of shares represented via modern technology. Shareholders approved the board’s proposal to distribute SAR 0.85 per share in cash dividends for 2023, totaling SAR 386 million, disbursed in December. Factbox: – Event: […]

In September 2023, Omrania elevated its team’s expertise through the PM4DP Course, led by architect and project manager Don Ardiel. This hands-on training equipped architects and engineers with critical project management tools—from scope definition to risk mitigation—using real-world design examples. The initiative underscores Omrania’s commitment to fostering excellence and innovation in managing complex projects. Factbox […]

Bahri Line, a Saudi logistics leader, secured the 2023 “Supplier Spirit of Alliance Award” at GE’s Onshore Wind Supplier Conference in Florida. Honored for operational excellence and reliability, the firm was the sole shipping line recognized, underscoring its pivotal role in advancing global logistics and Saudi Arabia’s Vision 2030 ambitions. Factbox (50 palabras): Event: GE […]

The Saudi Readymix Concrete Company has secured the Saudi Quality Mark, expanding its certified factories to 10, including new sites in Jubail, Al-Azizia, and Al-Hofuf. This milestone highlights its commitment to SASO-approved standards and ISO/IEC 17065 compliance, reinforcing leadership in sustainable concrete solutions and elevating Saudi Arabia’s construction sector competitiveness. Factbox (50w): – 10 SASO-certified […]

Título: Ma’aden Launches First Saudi Mining Degree Saudi Arabian Mining Company (Ma’aden), in partnership with the Ministry of Industry & Mineral Resources and King Fahd University of Petroleum and Minerals (KFUPM), has inaugurated Saudi Arabia’s first bachelor’s program in mining science and engineering. The initiative, aligned with Vision 2030, will train 30 students annually in […]

Zain KSA announced historic Q3 revenues exceeding SAR 2.5 billion, up 10% YoY, alongside a SAR 285 million net profit—a 234% annual leap. Growth stems from tower sale gains, enterprise tech demand (cloud, IoT, AI), and booming fintech via Tamam. Strategic 5G initiatives and ESG excellence further cement its market leadership. Factbox (50w): – Revenue: […]

Título: SEC Q3 Net Profit Drops 8.3% Saudi Electricity Company (SEC) reported a 4.6% rise in Q3 2023 revenue to SAR23.8 billion, driven by summer demand and subscriber growth. However, net profit fell 8.3% to SAR5.8 billion due to higher finance costs and Zakat provisions. The company reaffirmed its SAR500 billion investment plan through 2030 […]

The latest financial results reveal mixed performance, with quarterly net profit declines driven by rising operational and interest costs. However, annual growth highlights stronger revenues in oil and chemicals transport, alongside gains from asset sales and insurance recoveries, partially offsetting finance cost challenges. Factbox (50w): – Quarterly Drop: Higher logistics costs (↑operating expenses), SR77M interest […]

Introducción: The Saudi Electricity Company (SEC) announced its ambitious 2030 investment roadmap during the Future Investment Initiative (FII7) in Riyadh. Focusing on smart grids, renewable energy, and AI-driven solutions, SEC aims to bolster grid reliability and accelerate Saudi Arabia’s energy transition, aligning with global economic growth and sustainability goals. Factbox (50 palabras): Event: 7th Future […]

Título: Zain KSA Sponsors LIV Golf Jeddah Zain KSA has partnered with LIV Golf as the official telecommunications partner for the Jeddah tournament (October 13-15) at King Abdullah Economic City. Featuring 48 golfers competing for a $25 million prize, the event aligns with Saudi Vision 2030’s goals to position the Kingdom as a global sports […]

Título: Zain KSA Obtiene Doble Certificación ISO Zain KSA ha reforzado su liderazgo en ciberseguridad y continuidad empresarial al obtener las certificaciones ISO 22301 e ISO/IEC 27001, avalando sus sistemas de gestión de riesgos y seguridad de la información. Alineado con los estándares de la Autoridad Nacional de Ciberseguridad y la Visión 2030, este logro […]

Título: Maaden Tops Arab CSR Awards Saudi Arabian Mining Company (Maaden) has clinched first place in the Arab Awards for Corporate Social Responsibility for its transformative “Schools of Scientific Excellence” initiative. Launched in 2016 in Arar and Turaif, the program—partnering with Dhahran Valley Technology and King Fahd University—equips students with STEM-focused curricula, fostering talent for […]

Title: Zain KSA Drives Digital Education Revolution Zain KSA has forged a strategic partnership with Aanaab and Code School Finland (CSF) to bridge Saudi Arabia’s digital education gap. The collaboration focuses on localizing Arabic e-learning content, upskilling educators, and fostering tech literacy nationwide. Aligned with Saudi Vision 2030, the initiative prioritizes inclusivity, youth empowerment, and […]

Bahri reinforced its pivotal role in advancing Saudi Arabia’s maritime sector at the 4th Saudi Maritime Congress in Dammam (Sept 21, 2023). Highlighting Vision 2030 goals, CEO Alsubaey emphasized decarbonization, innovation, and talent development. The event featured an MoU with SAIL to boost industry growth and honored Bahri’s crew for a heroic maritime rescue. Factbox […]

Zain KSA reforzó su liderazgo en sostenibilidad al ascender a la calificación ‘A’ en el MSCI ESG Index, destacando su estrategia integral en medio ambiente, responsabilidad social y gobernanza. Con proyectos como la primera red 5G cero emisiones y alianzas para desarrollo social, la empresa consolida su aporte a la Visión 2030 y los ODS […]

Saudi Readymix and Black Buffalo 3D (USA) signed an MoU to develop structural 3D printing inks using local materials, advancing sustainable construction in Saudi Arabia. The partnership leverages Saudi Readymix’s R&D facilities to create region-specific formulas, enabling code-compliant 3D-printed homes, buildings, and infrastructure on demand. Factbox (50 palabras): • Aliados: Saudi Readymix (Dammam) y Black […]

Aramco announced a dual strategic push at Saudi Arabia’s LEAP 2 tech conference, unveiling a partnership with Zoom to establish its first KSA-based global data center and expanding its venture arm Wa’ed Ventures’ fund to $500 million. The collaboration aims to accelerate digital transformation across energy, healthcare, and education sectors, while the boosted fund targets […]

Título: Bahri EGM: Capital Hike & e-Voting Bahri’s Board urges shareholders to attend its First Extraordinary General Meeting to vote on a capital increase via Tadawulaty’s digital platform. Registration in Edaa’s share registry is mandatory by market close before the meeting. Remote voting opens June 15, 2023, with quorum rules outlined for validity. Factbox (50w): […]

The National Shipping Company of Saudi Arabia’s EGM on June 19, 2023G, greenlit a capital increase via bonus shares. Trading on June 20 will reference SAR 22.90 per share, with pending orders voided. Edaa will credit additional shares to investor accounts by June 22. Factbox (50w): – EGM Date: June 19, 2023G. – New Reference […]

The National Shipping Company of Saudi Arabia (NSCSA) announced the successful outcomes of its first Extraordinary General Meeting (EGM), including shareholder approval for a capital increase. The resolution was finalized on June 19, 2023 (01-12-1444 H), at 7:15 p.m., marking a strategic milestone for the firm. Factbox (50w): – Company: National Shipping Co. (Saudi Arabia) […]

Red Sea Global (RSG) and Zain KSA have launched the world’s first 100% renewable-powered 5G network at Saudi Arabia’s Red Sea resort. Fueled by 760,000+ solar panels, the project aligns with RSG’s regenerative tourism goals and Saudi Vision 2030, targeting 30% net conservation by 2040 and carbon neutrality by 2060. Factbox (50 palabras): Primera red […]

Alrajhi Bank and Zain KSA have solidified a strategic partnership through a memorandum of understanding (MoU), enhancing collaboration to integrate Zain KSA into Alrajhi’s Mokafaa loyalty program. The alliance aims to diversify rewards for customers, allowing them to earn and redeem points via telecom services, banking transactions, and partner networks. Factbox (50 words): – Partners: […]

Título: Zain KSA, Child Helpline Forge Safety Pact Intro: Zain KSA has formalized a partnership with the Family Safety Program via a new MoU, solidifying its role in the Saudi Child Helpline initiative. The collaboration focuses on nationwide education campaigns, tech-driven support, and safeguarding children’s well-being, aligning with Saudi Vision 2030’s social responsibility goals. Factbox: […]

Title: Zain KSA Hits Record 157% Profit Surge Zain KSA achieved its highest-ever net profit of SAR 550 million in 2022, a 157% year-on-year leap, alongside a 15% revenue rise to SAR 9.1 billion. The telecom giant announced a proposed 5% cash dividend for shareholders, attributing success to Saudi Vision 2030-driven digital expansion, 5G innovation, […]

Zain KSA and Cisco signed an MoU at MWC23 to advance network automation and service orchestration, aiming to streamline operations and accelerate Saudi Arabia’s digital transformation. The partnership focuses on optimizing network efficiency, improving customer experiences, and deploying cutting-edge tech to support Saudi Vision 2030. Factbox (50 words): – Partners: Zain KSA & Cisco – […]

Zain KSA and Qualcomm Technologies announced a strategic collaboration at LEAP 2023 to develop O-RAN-compliant, cloud-native 5G infrastructure in Saudi Arabia. Leveraging Qualcomm’s X100 Accelerator Card and QRU100 Massive MIMO Platform, the partnership aims to enhance network efficiency, reduce deployment costs, and accelerate scalable 5G adoption across the region. Factbox (50w): – Partners: Zain KSA, […]

Título: Zain KSA Q1 Profit Surges 595% Zain KSA reported historic first-quarter results for 2023, with revenue rising 11% year-on-year to SAR 2.4 billion and net profit soaring 595% to SAR 563 million. The telecom giant attributed this growth to its tower infrastructure sale (SAR 532 million income) and strong demand for digital services. CEO […]

Título: Saudi Electricity Redeems $1B Sukuk The Saudi Electricity Company has successfully redeemed the second tranche of its $1 billion International Islamic Sukuk, initially issued on April 8 and traded on the London Stock Exchange. The financial impact will be reflected in Q2 2023 results. The company thanked investors for their trust as the Sukuk […]

Zain KSA y Amazon Web Services (AWS) sellan una alianza estratégica para integrar redes 5G privadas con infraestructura cloud, potenciando servicios empresariales seguros en Arabia Saudita. Presentada en LEAP2023, la colaboración acelera la transformación digital con soluciones innovadoras, alineadas con la Visión 2030. Factbox (50 palabras): – Aliado: AWS, líder global en cloud. – Prueba […]

Título: Saudi JV Launches Major Casting Facility Saudi Arabia’s Dussur, Aramco, and South Korea’s Doosan Heavy Industries have formed Tuwaiq Casting & Forging Company, a joint venture to build a $1.4 billion facility in Ras Al Khair. Slated for 2025, the plant will produce 60,000 tons annually of industrial components, supporting oil/gas, marine, defense, and […]

Under the patronage of HRH Prince Abdulaziz Bin Salman, Saudi Arabia’s Minister of Energy, DUSSUR and GE have signed an MoU to enhance GESAT’s operational and technical capacities. The roadmap includes expanding heavy-load services, accelerating knowledge transfer, and integrating advanced gas turbine technologies for future Saudi gas power projects. Factbox (50w): Parties: DUSSUR & GE […]

Saudi Readymix launched weekly toolbox meetings in May 2023 to reinforce workplace safety. Led by the HSE Department, these sessions address safety concerns, share best practices, and empower employees to achieve the company’s “zero accidents” vision. Prioritizing health, safety, and operational excellence remains central to safeguarding personnel, infrastructure, and visitors nationwide. Factbox: – Leading KSA […]

Título: Used Machinery Sale in Dammam Industrial Saudi Readymix Concrete Company announces a sale of used machinery in Dammam’s Second Industrial City. Available items include 67 concrete mixers, 17 service vehicles, and specialized trucks. Bidders must submit offers with a guarantee check by May 14, 2023. Inspections run May 14–24, with bid results on May […]

Saudi Arabian Mining Co. (Ma’aden) reported Q1 2023 revenue of SAR 8.05 billion, down 10% year-on-year, as lower commodity prices and a one-off utilities charge offset higher fertilizer and ammonia sales volumes. Net profit fell sharply to SAR 0.42 billion (vs. SAR 2.17 billion in Q1 2022), while strategic partnerships and key projects like Mansourah-Massarah […]

Aramco fortalece su estructura operativa con cuatro nuevos cargos de Vicepresidentes Ejecutivos (EVP) en sus áreas upstream y downstream, efectivos desde el 1 de septiembre. Los roles, aprobados por la junta directiva, buscan optimizar su estrategia global y cadena de valor, alineados con los recientes nombramientos de presidentes sectoriales en julio. Factbox (50 palabras): – […]

Título: MENA’s First Circular Polymers from Plastic Waste Aramco, TotalEnergies, and SABIC have pioneered the Middle East and North Africa’s first conversion of plastic waste-derived oil into ISCC+-certified circular polymers. Processed at Saudi Arabia’s SATORP refinery and PETROKEMYA facilities, the project establishes a domestic recycling value chain, tackling non-recyclable plastics and advancing circular economy goals. […]

The Saudi Arabian Mining Company (Ma’aden) has shipped its first low-carbon blue ammonia cargoes to China’s Shenghong Petrochemicals, advancing global decarbonization efforts. This 25,000-ton deal underscores Ma’aden’s role as a sustainability leader, aligning with Saudi Vision 2030 to position mining as an economic pillar while targeting carbon neutrality by 2050. Factbox: – Volume: 25,000 metric […]

As Asia cements its role as the global economic powerhouse, its energy priorities demand urgent reevaluation. Speaking at a Kuala Lumpur conference ahead of Eid al-Adha, energy leaders highlighted Asia’s dual challenge: balancing rapid growth with equitable energy access while navigating climate imperatives. Prime Minister Anwar Ibrahim joined calls for policies that prioritize affordability, security, […]

Título: Aramco Launches China Petrochemical Megaproject Huajin Aramco Petrochemical Company (HAPCO) broke ground on a $3.6 billion integrated refinery and petrochemical complex in Panjin, China, alongside partners Norinco Group and Panjin Xincheng. Operational by 2026, the joint venture will process 210,000 barrels per day of Aramco crude, advancing its goal to convert 4 million bpd […]

Aramco, Baosteel, and Saudi Arabia’s Public Investment Fund (PIF) have partnered to build a $1.5M-ton steel plate complex in Ras al-Khair. The hydrogen-ready facility aims to slash CO₂ emissions by 60% initially, rising to 90%, aligning with Vision 2030 to boost local industry, cut imports, and drive sustainable economic diversification. Factbox (50w): – Location: Ras […]

Aramco and China’s HAPCO marked a groundbreaking collaboration to boost oil-to-chemicals production, emphasizing energy security and sustainability. The project aligns with Aramco’s strategy to convert 4M barrels/day to chemicals by 2030, supporting China’s low-carbon development goals. Factbox: – Partners: Aramco and HAPCO (China). – Goal: Convert 4M barrels/day to chemicals by 2030. – Focus: Lower-carbon […]

Título: Omrania Celebra 50 Años de Legado Omrania conmemoró su 50° aniversario con un emotivo iftar anual en el Inter-Continental Riyadh, reuniendo a empleados y socios. El evento destacó discursos inspiradores del fundador Basem Al Shihabi y el CEO Charles Trad, presentaciones audiovisuales sobre hitos arquitectónicos, reconocimientos a empleados veteranos y una cena en un […]

Saudi Arabia’s Ma’aden and Ivanhoe Electric finalized a landmark deal to accelerate mineral exploration in the Kingdom. Ma’aden acquires 9.9% of Ivanhoe shares and forms a 50/50 JV, deploying cutting-edge Typhoon™ tech to survey 48,500 km² for copper, nickel, and precious metals, aligning with Vision 2030’s mining expansion goals. Factbox: – Investment: $126.5M for 9.9% […]

Aramco has introduced four Business Line Executive Vice President (EVP) roles across its Upstream and Downstream sectors, effective September 1, 2023. The appointments align with its July restructuring to bolster global operations and long-term strategic goals. The new EVPs will report directly to the respective Upstream and Downstream Presidents. Factbox: – Effective Date: September 1, […]

Aramco, TotalEnergies, and SABIC have pioneered the Middle East and North Africa’s first ISCC+ certified circular polymers using oil derived from plastic waste. Processed at Saudi Arabia’s SATORP refinery and PETROKEMYA facilities, the breakthrough supports domestic recycling infrastructure and tackles non-recyclable plastics, aligning with regional sustainability goals and global net-zero commitments. Factbox (50w): – First […]

Saudi Aramco reported a Q2 net income of $30.1 billion, underscoring financial resilience amid market volatility. The company announced plans to launch performance-linked dividends, starting with a $9.9 billion payout in Q3, while advancing upstream expansions and lower-carbon energy initiatives. Factbox (50w): – Net Income: $30.1B (Q2), $62.0B (H1). – Dividends: $19.5B quarterly base (+4% […]