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In "BUSINESS"
Red Sea International Company announced its consolidated financial results for the first six months of 2025, reporting a net profit of SR1.87 million, a 168% improvement compared to the first half of 2024. However, net profit for Q2 2025 reached SR6.39 million, representing a 31% decline compared to Q2 2024.By the end of Q2 2025, revenues for the first half reached SR1,479 million, marking a 54% increase compared to H1 2024. Q2 2025 revenues stood at SR779 million, up 4% compared to Q2 2024. This growth was mainly driven by improved performance and higher project completion rates. Operating profit for the first six months of 2025 reached SR42.8 million, an increase of 44% compared to the same period in 2024. Operating profit for Q2 2025 stood at SR23.72 million, down 10% compared to Q2...
August 14, 2025
Red Sea International achieves 44% growth in operating profits for H1 2025
August 13, 2025
Bayut KSA wins 3 Employee Happiness Awards 2025
August 07, 2025
Building trust throughout markets with sharia compliant innovation
August 06, 2025
Fakeeh group delivers 1H 2025 revenue of SR1.51 billion, up 13% year-on-year
Saudi Arabia’s accelerated transformation under Vision 2030 is rewriting the rules of business in the Kingdom. In this generational shift, IT is not just an enabler but a cornerstone of progress, at the heart of which lies the powerful nexus of Data & AI, Cloud, and public sector modernisation, fuelled by privatisation and unprecedented government investment.For global technology firms, the opportunity is vast. Yet too many still follow sales-driven playbooks, doing little to build long-term value.Over the past two decades, the trajectory of multinational tech in Saudi Arabia has evolved in phases. Initially, the Kingdom was serviced remotely via regional or global hubs. Following government mandates, companies began establishing physical offices to meet rising demand for IT Services....
August 06, 2025
For big tech, the future in Saudi Arabia lies in nurturing local expertise
August 05, 2025
A global milestone: Dr. Soliman Fakeeh Hospital in Jeddah receives accreditation for 14 Centers of Excellence from SRC
August 04, 2025
Mohamed Yousuf Naghi Motors and alfanar partner to deliver seamless home EV charging solutions across Saudi Arabia
Saudi Gazette report RIYADH — Saudi Exchange data showed that net purchases in the main equities market through foreign direct investment reached SR1.9 billion in July 2025.According to the exchange, individual investors recorded net purchases of about SR2.12 billion, while high-net-worth individual investors posted net purchases of SR1.1 billion.In contrast, investment funds registered net sales of SR3.3 billion, and Saudi companies reported net sales of SR1.6 billion.On the trading front, the main Saudi stock index dropped 87.17 points on Sunday, closing at 10,833.10, with a total trading value of SR3.3 billion.The number of shares traded stood at 272 million, with 62 companies seeing gains and 187 declining.The top gainers included Al-Andalus for Sports, Thimar, Nama Chemicals,...
August 03, 2025
Foreign direct investment nets SR1.9 billion in Saudi stock market for July
August 03, 2025
SABIC posts $1.41 billion loss in H1 2025 on UK plant closure, restructuring costs
July 31, 2025
Barq marks first year with 7 million users and SR73 billion in transactions, powering Saudi Arabia’s digital shift
