Category: Corporate News

**Titular:** *National Shipping Approves Capital Hike* **Intro:** 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):** […]

**Título:** Bahri EGM: Capital Hike & e-Voting **Intro:** 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 […]

**Titular:** National Shipping Co. Approves Bonus Shares **Intro:** 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):** – […]

**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:** […]

**Titular:** Red Sea Debuts Zero-Carbon 5G Network **Intro:** 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 […]

**Titular:** Alrajhi Bank, Zain KSA Forge Strategic Pact **Intro:** 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 […]

**Título:** Zain KSA Q1 Profit Surges 595% **Intro:** 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. […]

**Title:** *Zain KSA Hits Record 157% Profit Surge* **Intro:** 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 […]

**Headline:** Zain KSA, Cisco Boost Network Automation **Intro:** 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 […]

**Titular:** “Zain KSA, Qualcomm Forge Next-Gen 5G” **Intro:** 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 […]