Saudi’s Monsha’at announces Sami Al-Husseini as new governor
Saudi Arabia’s Small and Medium Enterprises General Authority, also known as Monsha’at, has announced Sami bin Ibrahim Al-Husseini as its new governor, according…
Author: Times Writer
Cooling services firm Empower plans Dubai IPO after reporting $254m profit
UAE cooling services provider Empower has reported a net profit of 936 million dirham ($254 million) for 2021, an increase of 4 percent…
Dubai to offer 10% of Empower in fourth state-linked IPO this year -Gulf News
Dubai plans to offer 10 percent of Emirates Central Cooling Systems Corporation (Empower) in an initial public offering, according to an advertisement in…
Shares of Saudi Kayan in red as it suffers largest loss since listing in Q3
Saudi Kayan Petrochemical Co. turned to losses of SR812 million ($216 million) in the third quarter of 2022, against profits of SR667 million…
Saudi PIF launches new firm to localize halal production industry
Saudi Arabia’s Public Investment Fund has announced the launch of Halal Products Development Co. aimed at localizing the halal production industry in the…
Saudi tech firm Sure Global shares decline 6% on market debut
Sure Global Technology Co.’s shares declined 5.57 percent below the listing price on their debut on Tadawul’s Nomu-Parallel Market on Oct. 24. The…
Saudi paper manufacturer MEPCO seeks shareholders’ approval for 33% capital raise
Jeddah-based Middle East Paper Co. invited its shareholders to vote on increasing its capital to SR666 million ($177 million) in support of the…
Saudi-listed Bahri’s profit soars 360% as shipping operations rebound
The National Shipping Co. of Saudi Arabia, better known as Bahri, saw its profit surge 360.67 percent during the first nine months of…
Saudi-listed Arriyadh Development acquires $44m tower in Riyadh
The Saudi-listed developer, Arriyadh Development Co., has acquired a commercial building at SR168 million ($44.7 million) in the north of Riyadh, according to…