Sunday, December 21, 2025

Category: Corporate News

Corporate News

Decrease in net profit attributed to higher operating costs and finance expenses

**Headline:** “Net Profit Shifts Amid Cost Pressures” **Intro:** 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 […]

Corporate News

Saudi Electricity Company reveals substantial investment plans up to 2030

**Titular:** “SEC Unveils 2030 Investment Strategy” **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. […]

Corporate News

Zain KSA partners with LIV Golf for Jeddah tournament

**Título:** Zain KSA Sponsors LIV Golf Jeddah **Intro:** 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 […]

Corporate News

Maaden wins top spot in Arab CSR awards for Scientific Excellence

**Título:** *Maaden Tops Arab CSR Awards* **Intro:** 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 […]

Corporate News

Zain KSA partners with Aanaab and Code School Finland for digital education

**Title:** Zain KSA Drives Digital Education Revolution **Intro:** 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, […]

Corporate News

Bahri concludes role as founding partner in Saudi Maritime Congress

**Titular:** *Bahri Champions Saudi Maritime Expansion* **Intro:** 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 […]

Corporate News

Zain KSA leads in ESG practices, earns ‘A’ rating on MSCI

**Titular**: Zain KSA: Líder ESG con Calificación ‘A’ **Intro**: 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 […]

Corporate News

Saudi Readymix and Black Buffalo 3D collaborate on 3D construction printing

**Titular:** “Saudi Readymix Partners with Black Buffalo 3D” **Intro:** 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 […]

Corporate News

Aramco has increased Wa’ed Ventures’ total fund size to $500 million by providing $300 million

**Headline:** *Aramco-Zoom Pact; Wa’ed Fund Hits $500M* **Intro:** 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, […]