Category: Corporate News

**Titular**: Zain KSA y AWS impulsan 5G empresarial **Intro**: 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): […]

**Título:** Saudi Electricity Redeems $1B Sukuk **Intro:** 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 […]

**Titular:** DUSSUR, GE Partner to Boost GESAT **Intro:** 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 […]

**Titular:** “Saudi Readymix Fortifies Safety Culture” **Intro:** 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, […]

**Título**: *Used Machinery Sale in Dammam Industrial* **Intro**: 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 […]

**Título**: Saudi JV Launches Major Casting Facility **Intro**: 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, […]

**Titular**: *Aramco Reestructura Liderazgo con Nuevos EVP* **Intro**: 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 […]

**Titular:** *Ma’aden Q1 Profit Drops 81% YoY* **Intro:** 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), […]

**Título:** *MENA’s First Circular Polymers from Plastic Waste* **Intro:** 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 […]

**Titular:** *Ma’aden Ships First Blue Ammonia* **Intro:** 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 […]