Arabian Internet and Communications Services Co. (solutions) signed, on April 15, a SAR 139.95 million contract with stc to renew the VMware licenses and provide technical support and maintenance services, according to a statement to Tadawul. The contract will extend for three years, the...
The decision issued by the Insurance Authority (IA) to localize all sales positions in insurance products goes into effect today, April 15. The decision stipulates that non-specialized sales employees will not receive any sales-related commissions. The IA will monitor the implementation...
⦁ Over 100 leading global construction companies briefed on the current progress of construction and breadth of opportunities on key projects throughout NEOM.⦁ Nadhmi Al-Nasr, CEO of NEOM, emphasized the progress on the ground, the scale of future opportunities and commitment to collaborating...
His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will head the Kingdom's delegation at the International Monetary Fund and World Bank Group 2024 Spring Meetings, to be held April 15-20, 2024 in Washington, D.C., United States. The Saudi Delegation will...
Knowledge Economic City Co. signed, on April 4, two contracts with ElKhereiji Commerce & Contracting Co. at a total value of SAR 288.63 million (Excluding VAT). In two separate statements on Tadawul, the company said that the first contract is for implementing all contracting...
Saudi Ground Services Co. (SGS) renewed its contract with Flynas by signing an agreement at an expected value of SAR 2 billion, on April 13. The contract duration is five years starting from Jan. 1, 2024, SGS said in a statement to Tadawul. Under the contract, SGS will provide...
Saudi Cable Co.'s board of directors decided on April 7 to appoint Sabri Alghamdi as Chairman and Walid AlShuwaier as Vice Chairman for the next three-year term starting April 4, 2024, according to a Tadawul statement. The board also formed the nomination and remuneration committee,...
Saudi Arabia imposed anti-dumping duties on seven products imported from 10 European and Asian countries, six of which are subject to the unified GCC law to protect the industry from the damage caused by dumped and subsidized imports, Al-Eqtisadiah newspaper reported. The products included all ...
The regulation of e-commerce and the strong electronic security pushed the e-commerce growth rate higher in Saudi Arabia, Al Eqtisadiah newspaper reported, citing Fahad Al Guthami, CEO of American Express Saudi Arabia. He added that the company recorded a 62% rise in local...
The Agricultural Development Fund (ADF) restructured 1,183 non-performing loans (NPLs) worth SAR 604 million for investors and farmers in 2023. According to its annual report, the fund stated that it collected loans worth SAR 3.44 billion during the fiscal year 2023. The total...