Wednesday June 18, 2025 / 22 , Dhu al-hijjah , 1446
Header Logo
Leading The Way
search-icon
Footer Header
search-icon
SG
Saudi Arabia
Opinion
Discover Saudi
World
Sports
Business
Life
Advertisements
search-logo
  • Home
  • BUSINESS
BUSINESS
51 - 60 from 16524 . In "BUSINESS"
The IPO will consist of 51.26 million ordinary shares, representing 30% of the company’s post-offering share capital.
Flynas announces IPO plans with 30% stake to be listed on Saudi Exchange
Saudi Gazette reportRIYADH — Saudi low-cost carrier flynas announced on Monday its intention to proceed with an initial public offering (IPO) and list its shares on the Main Market of the Saudi Exchange (Tadawul), following approval by the Capital Market Authority (CMA) on March 26.The IPO will consist of 51.26 million ordinary shares, representing 30% of the company’s post-offering share capital. This includes 33.83 million existing shares to be sold by current shareholders, 8.32 million treasury shares, and 17.43 million newly issued shares.The offering will be open to both institutional and individual investors, with the final offer price to be determined through a book-building process.The subscription period for individual investors will begin on Wednesday, May 28, 2025, and close...
May 05, 2025

Flynas announces IPO plans with 30% stake to be listed on Saudi Exchange

Cenomi Centers and Unibail-Rodamco-Westfield forge landmark partnership to shape future of retail real estate in KSA
• Strategic and franchising partnership announced between Cenomi Centers, the leading mall developer and operator in Saudi Arabia, and Unibail-Rodamco-Westfield (URW), owner, developer and operator of sustainable, high-quality flagship Westfield destinations in Europe and the US• 10-year agreement, with an option to extend for an additional 10 years, covering exclusive licensing rights to the Westfield brand in KSA and access to URW’s network, expertise and capabilities across key assets• Partnership to enhance Cenomi Centers’ market leadership; expanding its consumer and tenant base, elevating customer experience to global standards, unlocking new growth avenues, and improving sustainability and operational efficiencies• Cenomi will continue to fully own and...
May 05, 2025

Cenomi Centers and Unibail-Rodamco-Westfield forge landmark partnership to shape future of retail real estate in KSA

SABIC reports SR1.2 billion loss in Q1 2025
Saudi Gazette reportRIYADH — SABIC announced on Sunday a net loss of SR1.2 billion for the first quarter of 2025 — a 36% improvement from the SR1.9 billion loss recorded in the previous quarter, driven by one-time restructuring costs and continued global market pressures.CEO Abdulrahman Al-Fageeh attributed the quarterly loss primarily to expenses related to business restructuring, which he said are expected to yield positive long-term results by enhancing cost control.He also cited a global economic slowdown, market uncertainty, and oversupply in the petrochemical sector as key factors impacting demand and margins.“The oversupply of petrochemicals continues to pressurize product prices and, in turn, profit margins,” Al-Fageeh said at a press conference held at SABIC headquarters...
May 04, 2025

SABIC reports SR1.2 billion loss in Q1 2025

Dar Wa Emaar, in partnership with NHC, launches "Saraya Al Sharq" project in Dammam with an investment volume of SR750 million
Dar Wa Emaar Real Estate Investment & Development Company has announced the launch of its latest residential development, "Saraya Al Sharq," in partnership with the NHC. The project involves an investment valued at SR750 million in Al-Wajeha destination, Dammam, as part of the company's ongoing commitment to meeting the evolving needs of Saudi families and supporting the Kingdom's Vision 2030 goal of increasing homeownership to 70%.Spanning over 410,000 square meters, "Saraya Al Sharq" offers 616 residential units, making it the newest addition to the acclaimed "Saraya" series by Dar Wa Emaar. The project has been designed in line with the highest construction and urban planning standards, providing four distinct unit models tailored to suit Saudi...
May 04, 2025

Dar Wa Emaar, in partnership with NHC, launches "Saraya Al Sharq" project in Dammam with an investment volume of SR750 million

L’Oréal Saudi Arabia inaugurates ‘L’Oréal for the Future’ summit in Jeddah to empower Saudi women and promote sustainable growth
L’Oréal Saudi Arabia inaugurated its landmark L’Oréal for the Future Summit in Jeddah on April 24, reaffirming its commitment to empowering Saudi women and advancing sustainability within the Kingdom’s beauty industry.The event brought together government stakeholders, sustainability experts, environmentalists, and key industry leaders to exchange knowledge and insights on building a more inclusive and responsible future for the sector.A key highlight of the summit was the formal launch of the professional certification program for hairdressers under the L’Oréal Professional Hairdressing Academy.This milestone marks a significant advancement in establishing industry standards across Saudi Arabia, reflecting L’Oréal’s dedication to empowering local talent, promoting skill...
May 02, 2025

L’Oréal Saudi Arabia inaugurates ‘L’Oréal for the Future’ summit in Jeddah to empower Saudi women and promote sustainable growth

Introducing Bayut Workshops: Helping you pave the way
Bayut, being a pioneer in the real estate industry, has expanded its operations across the region since its launch in the UAE in 2008.In early 2024, Bayut launched in Saudi Arabia, with a massive impact on the market and providing its customers with an elevated home searching experience. Bayut.sa has reached 13 millions visits on its platforms in its year in Saudi Arabia. Having made a difference in the customer’s experience, Bayut.sa has launched Bayut Workshops here in KSA, with the aim of helping real estate agents learn more about the industry and transform their experience.What is Bayut Workshops?Bayut Workshops was launched in the UAE in 2017 as an in-house training program for real estate agents of all levels of expertise. It offers informative courses for up to 40 agents per...
May 01, 2025

Introducing Bayut Workshops: Helping you pave the way

New Parkinson’s Pump therapy introduced at King’s College Hospital London in Dubai
King's College Hospital London in Dubai has heralded new hope for Parkinson's patients by becoming the first to perform subcutaneous levodopa (fos-levodopa) pump therapy on the youngest Parkinson's patient in the UAE and the MENA region.Diagnosed with Parkinson’s disease at the age of only 30, the patient lived with the disorder for 14 years and had been entirely dependent on three caregivers for assistance. This treatment marks a giant breakthrough in the care of Parkinson's patients, granting them new prospective enhancements to the patient's quality of life.The Foslevodopa pump therapy was introduced to the Middle East by King's College Hospital Dubai. The continuous delivery of levodopa through the patient's skin via this pump resembles that of an insulin...
May 01, 2025

New Parkinson’s Pump therapy introduced at King’s College Hospital London in Dubai

Saudi Awwal Bank launches a world class Innovation Centre to provide financial services
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, announced the inauguration of its Innovation Centre on Thursday, May 1. The facility is designed to inspire and accelerate innovation, positioning the Kingdom as a powerhouse in Financial Services Innovation.The SAB Innovation Centre serves as a hub for creativity, collaboration, and experimentation, enabling employees, customers, and partners in the financial ecosystem to co-create and deliver. With a focus on fostering an entrepreneurial culture, the centre provides cutting-edge resources and spaces for ideation, testing, and refining transformative solutions.Lubna Olayan, Chair of SAB, said: “SAB’s Innovation Centre is an investment in the future — not just in technology, but in the talent and ideas...
May 01, 2025

Saudi Awwal Bank launches a world class Innovation Centre to provide financial services

Big Data Director Saud Al Saud.
FlyAkeed unveils AkeedAI at ATM Dubai — redefining the future of corporate travel with agentic intelligence
FlyAkeed, Saudi based innovation-driven corporate travel management platform, announced the launch of AkeedAI — its next-generation, agentic AI travel assistant — during the Arabian Travel Market (ATM) in Dubai. As the first fully integrated agentic AI initiative in the region, FlyAkeed is shaping the future of business travel.Designed to empower corporate travel admins, decision-makers, and finance leads with real-time intelligence, AkeedAI uses contextual automation, smart workflows, and predictive insights to replace friction with flow. With this launch, FlyAkeed moves beyond traditional booking platforms — delivering a truly intelligent travel orchestration layer that adapts, learns, and acts.“We are proud of our R&D capabilities over the past two years that achieved the...
May 01, 2025

FlyAkeed unveils AkeedAI at ATM Dubai — redefining the future of corporate travel with agentic intelligence

Saudi Arabia is not only insulated, but strategically positioned to benefit from the tariff realignment.
Will US tariff hikes affect Saudi Arabia?
Saudi Gazette reportRIYADH — Saudi Arabia is poised to emerge stronger from the global trade shake-up triggered by the United States' sweeping tariff measures of 2025, with limited direct exposure and growing competitive advantages across key export sectors, according to a recent policy analysis by Awtada.While the Kingdom faces a baseline 10% universal tariff on exports to the US, it remains largely shielded from harsher, targeted duties that hit other trade partners like China and the EU. Critically, crude oil — the cornerstone of Saudi exports — remains exempt, preserving the Kingdom’s energy export advantage amid rising global economic uncertainty.The Awtada report highlights how the “Liberation Day” tariff policy has inadvertently enhanced Saudi Arabia’s competitive...
April 30, 2025

Will US tariff hikes affect Saudi Arabia?

< Previous Next >
footer logo
COPYRIGHT © 2025 WWW.SAUDIGAZETTE.COM.SA - ALL RIGHTS RESERVED
Powered by NewsPress
NEWS CATEGORY
saudi arabia world opinion business sports esports life
COMPANY
advertisements about us Epaper contact us Archive privacy policy