Business & Money | Monday 29 April, 2024 10:17 am

Al Rajhi Bank’s financing portfolio grows, NPL coverage hits 175%, says Chairman

Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of Al Rajhi Bank, announced today that Al Rajhi Bank has achieved its highest quarterly profits since its founding, with a net income reaching 4,405 million riyals for the first quarter of 2024. This represents an increase of...

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Business & Money | Monday 29 April, 2024 9:41 am

MESC secures SAR 100M credit facility from Al Rajhi Bank

Middle East Specialized Cables Co. (MESC) secured a Shariah-compliant credit facility worth SAR 100 million with Al Rajhi Bank on April 28, according to a statement to Tadawul. The facility, which runs for one calendar year, will go for financing the company's working capital, it...

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Tourism & Hospitality | Sunday 28 April, 2024 2:03 pm

NEOM, Marriott International launch Ritz-Carlton Reserve in Trojena

Marriott International signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the northwest region of the country, the property will offer a complete escape into a private world of...

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Environment & Energy | Sunday 28 April, 2024 1:55 pm

Aramco, Rongsheng explore new opportunities in Saudi, China

Saudi Aramco is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Co. (SASREF) with Chinese partner Rongsheng Petrochemical Co. Ltd. (Rongsheng) and significant investments in the Saudi and Chinese petrochemical sectors, in partnership with...

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Technology & IT | Sunday 28 April, 2024 11:23 am

HONOR Opened Two HONOR Exclusive Service Centers in Saudi Arabia To Bring Better Customer Experience

Global technology brand HONOR announced the HONOR Authorized Service Center in Riyadh & HONOR Jeddah Service Center on 25th April 2024. These HONOR exclusive service centers in the MENA region, will help to cater to the needs of customers in the Kingdom. Customers will be able to either send in ...

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Business & Money | Sunday 28 April, 2024 11:13 am

Long-term plans of Saudi Vision 2030 support economic flexibility: Al-Jadaan

Saudi Arabia’s Minister of Finance, Mohammed Al-Jadaan, stated that the long-term plans of Saudi Vision 2030 support economic resilience.   He added that flexibility is essential for countries to manage economic shocks in an unpredictable landscape...

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Healthcare | Sunday 28 April, 2024 10:57 am

Saudi Red Crescent Crews Reach Injured Man in Under 10 Minutes

Air ambulance crews from the Saudi Red Crescent in Al-Jouf (northern Saudi Arabia) have saved the life of a man who was involved in a hit-and-run accident in the remote Al-Rawsan desert area. The Red Crescent received a call about the accident via the 997  emergency hotline on Tuesday...

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Business & Money | Sunday 28 April, 2024 10:51 am

SEREDO 2024 Kick-off Mid- May in Jeddah

Preparations are under way for the successful launch of the second edition of the Saudi Real Estate Development and Ownership - SEREDO 2024 in Jeddah, following the success of the pilot exhibition held in 2023. A key event that focuses on the housing and property investment opportunities...

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Tourism & Hospitality | Sunday 28 April, 2024 9:25 am

Future Hospitality Summit Saudi Arabia Preview

The Future Hospitality Summit (FHS) returns to Saudi Arabia next week, bringing together government leaders, hospitality investors, owners, and operators for the region’s largest, most influential hospitality investment event, taking place at the Mandarin Oriental Al Faisaliah Hotel, Riyadh from...

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Business & Money | Saturday 27 April, 2024 1:17 am

Automechanika Riyadh to be held under the patronage of the Saudi Arabian Ministry of Investment

Automechanika Riyadh will officially be held under the Patronage of the Saudi Arabian Ministry of Investment, with the opening keynote speech to be delivered by Eng. Saleh Al Khabti, Deputy Minister of Investment Transaction, Ministry of Investment and Patron of the event. Several high-profile ...

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