Business & Money | Tuesday 21 April, 2015 7:46 am

Baker & McKenzie Affiliate advises on SACO IPO

Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in Association with Baker & McKenzie has advised Saudi Company for Hardware (SACO) on its Initial Public Offering (IPO). Approved by the Saudi Capital Market Authority on 31 March 2015, the sale of 7.2 million shares representing 30% of SACO's share ...

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Business & Money | Monday 20 April, 2015 3:44 pm

Kingdom’s Small and Medium Business Sector offers “Significant” Growth Potential

Increased government focus on the small and medium enterprise (SME) sector in Saudi Arabia is likely to create significant opportunities for private capital, according to the organisers of the tenth Euromoney Saudi Arabia Conference. The event, which is co-hosted with the Ministry of Finance, is...

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Business & Money | Monday 20 April, 2015 3:07 pm

SEDCO Capital’s Yazan Abdeen named “One of the most Respected Fund Managers” in MENA

SEDCO Capital, a leading Saudi asset manager, has announced that Yazan M Abdeen, Head of Regional Liquid Assets and Lead MENA Fund Manager at SEDCO Capital has been recognized in MENA FM Power 50 2015 list as one of the best-performing and respected fund managers in the Middle East and North...

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Business & Money | Monday 20 April, 2015 2:39 pm

Union Properties is expanding in the Saudi real estate market in alliance with Naif Alrajhi Investment Co.

Union Properties Real Estate Company signed a memorandum of understanding with Naif Al-Rajhi Investment Company Saudi Arabia, to establish a limited liability company specialized in real estate investment and development in Saudi Arabia. The MOU was signed by Mr. Ahmed Khalaf Al Marri, General...

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Business & Money | Monday 20 April, 2015 10:00 am

Hyundai appoints new Vice President and Head of Africa and Middle East

AFRICA & MIDDLE EAST REGIONAL HEADQUARTERS Hyundai Motor Company has announced that Jin (James) Kim will succeed Tom Lee as Vice President and Head of operations in Africa and the Middle East. The change is effective as of the 12th April 2015 with Lee assuming a new leading role in the company’s ...

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Business & Money | Monday 20 April, 2015 8:25 am

‘Startup Weekend’ program a big hit; 14 Saudis honored

An action-packed weekend entrepreneurship program offered a platform for young Saudis to learn and exchange ideas and brought glory to 14 participants.The three-day program, Startup Weekend, organized by the King Abdul Aziz City for Science and Technology (KACST) at the Four Seasons Hotel,...

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Business & Money | Monday 20 April, 2015 8:22 am

No decision yet on limiting expats’ stay

No decision has been taken to restrict the stay of expatriate workers in the Kingdom on the basis of either the period they spent in Saudi Arabia or the salaries they drew, the Labor Ministry announced on Sunday.“It was just a proposal floated on the ministry’s website ‘Maan Nuhsin’...

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Business & Money | Monday 20 April, 2015 7:26 am

Oil slide slashes SABIC’s Q1 profit

Saudi Basic Industries Corp. (SABIC) faces heavy pressure on its profits due to cheap oil but will keep investing globally to boost capacity in key areas, its acting CEO Yousef Al-Benyan said.His remarks came as the company reported a 39 plunge in first-quarter profit.The industry is cyclical and...

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Business & Money | Monday 20 April, 2015 1:22 am

FURNISHING AN IKON WORKSPACE AT INDEX ANNOUNCES IKONHOUSE PARTnership

dmg events Middle East & Asia, organisers of workspace at INDEX, announced today that ikonhouse will be launching the Workspace-of-Tomorrow installation at this year’s show – a first in the event’s 14 year history. Formerly The Office Exhibition, workspace at INDEX is the largest commercial...

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Business & Money | Sunday 19 April, 2015 9:08 pm

ADNEC to Host Cityscape Abu Dhabi 2015 from April 21 to 23

Abu Dhabi National Exhibition Centre (ADNEC) has set the stage for the ninth edition of Cityscape Abu Dhabi that will run from 21 to 23 April, 2015 under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed...

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