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In "BUSINESS"
July 28, 2025
Jotun Saudi commemorates 40 years of innovation and growth
Saudi Gazette report RIYADH — The Saudi Ministry of Finance and the National Debt Management Center (NDMC) have signed an agreement with Societe Generale, appointing the French banking giant as a primary dealer for the Kingdom’s local debt instruments.With this move, Societe Generale joins five other international institutions — BNP Paribas, Citigroup, Goldman Sachs, J.P. Morgan, and Standard Chartered Bank — already designated as primary dealers. It also becomes part of a group that includes ten local institutions: the Saudi National Bank (SNB), Saudi Awwal Bank (SAB), AlJazira Bank, Alinma Bank, AlRajhi Bank, Albilad Capital, AlJazira Capital, AlRajhi Capital, Derayah Financial Company, and Saudi Fransi Capital.The agreement aligns with the Financial Sector Development Program...
July 27, 2025
Societe Generale appointed as primary dealer for Saudi local debt instruments
July 27, 2025
stc Group achieved a net profit of one million riyals, a 13.38% increase for the six-month period compared to the same period last year
July 24, 2025
Hamah joins ONE Communications and Marketing Group to advance AI-powered marketing solutions
Al-Qaryan Group, a leading Saudi closed joint-stock company specialized in industrial dismantling, demolition, and circular industries, has commenced a series of projects for the Saudi Water Authority.The projects involve the dismantling, demolition, and recycling of water production units at the Shuqaiq System (Phase I), in addition to multi-effect distillation units located in the cities of Al-Wajh, Umluj, Al-Lith, and Al-Qunfudhah.Covering a total area exceeding 423,000 square meters, the first phase of these projects includes the complete removal of all structures, equipment, and materials from the designated sites.All dismantled materials are then transported to Al-Qaryan Group’s specialized processing facilities and downstream factories, where they are processed and recycled in...
July 22, 2025
Al-Qaryan Group executes multiple dismantling and recycling projects for Saudi Water Authority
Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced today its financial results for the six-month period ending 30 June 2025, reflecting steady growth across key indicators and continued momentum in SAB’s strategic transformation.For the first six months of 2025, SAB generated a net profit after Zakat and income tax of SR4.262 billion, reflecting a 5% year-on-year increase. Total operating income rose to SR7,341 million, supported by higher loan volumes and a strong deposit base.Net loans and advances reached SR283 billion, and customer deposits increased to SR297 billion. Return on tangible equity stood at 15.5%, aligned with the Bank’s medium-term performance targets.Lubna Olayan, Chair of SAB, said: “Our H1 performance demonstrates consistent...
July 21, 2025
Saudi Awwal Bank records SR4.3 billion net profit after Zakat and Income Tax for H1 2025
Driving is not just about reaching a destination; it’s about enjoying the journey.
On July 3rd, three Middle Eastern countries gathered in the UAE, where 50 guests and 8 J5 vehicles embarked on a unique test drive adventure along a specially customized 26-kilometer route. Equipped with a 540° panoramic camera system, the J5 provides drivers with a full field of vision, ensuring every trip is safe and worry-free, even in narrow or complex road conditions. The J5’s thoughtful music ecosystem, featuring a karaoke mode and noise-cancelling microphone, ensures that even during off-road bumps, passengers can enjoy clear and pure sound, releasing their voices freely. The J5's camping ecosystem is equally impressive guests gathered around the vehicle, with soft lighting...
July 20, 2025
Not just off-road, the JAECOO family shines in the Middle East
July 14, 2025
The hidden power in your kitchen: Why scientists are studying palm oil's secret vitamin
July 14, 2025
Dar wa Emaar enhances homeownership experience and reinforces commitment to quality of life in Saudi Arabia
July 14, 2025
Al-Majdouie Peugeot launches the strongest offers this summer
