Latest from Banking, Investments, Money, Insurance, Futures, Stock in Saudi Arabia and Middle East

Banking, Investments, Money and Insurance

Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensive Infrastructure Sol ...

Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region. This collaboration combines Hibrid's cutting-edge streaming platform with Alibaba's robust infrastructure capabilities to enhance content delivery, optimize network performance, and provide scalable solutions tailored to the unique needs of the Middle Eastern market. The partnership aims to empower ......Read More

Thursday, June 26, 2025

HSA Group Appoints Mr. Dirhem Abdo Saeed as Chairman of the Board

Dubai, UAE – 18 June 2025, HSA Group is proud to announce the appointment of Mr. Dirhem Abdo Saeed as Chairman of the Board, marking a significant milestone in the Group’s 88-year legacy as one of the Middle East’s leading multinational family businesses. With over 40 years of international business experience, Mr. Dirhem is a ......Read More

Friday, June 20, 2025

Islamic Development Bank Institute Engages Global Stakeholders to Advance Islamic Finance during Gro ...

The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance JEDDAH, Saudi Arabia, June 2, 2025/ -- The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries. Led by Dr. Sami Al-Suwailem, Acting Director General, the IsDBI team included Mr. Mohammad ......Read More

Monday, June 2, 2025

Panasonic Forges Retail Partnership with SACO to Enhance Customer Experience in Saudi Arabia

Panasonic bats for enhanced service and supply efficiency by collaborating with Saudi Company for Hardware (SACO) Riyadh, Saudi Arabia Panasonic Marketing Middle East and Africa (PMMAF) has revealed a groundbreaking strategic partnership with Saudi Company for Hardware (SACO), KSA's premier electronics and lifestyle retail distributor. ......Read More

Monday, May 5, 2025
LG Announces first-quarter 2025 financial results

Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in ......Read More

Saturday, April 26, 2025

VFS Global Academy and Transformative Academy Completes First Batch of Training in Riyadh, KSA

Certification issued by Cambridge University awarded to the inaugural class 100% job placement secured for graduating class VFS Global Academy announces the successful completion of its inaugural training programme in Riyadh, in collaboration with Transformative Solutions Consulting, the leading Saudi-GCC consulting and educational firm ......Read More

Thursday, March 13, 2025

Fourth Milling Company Reports Strong Full Year 2024 Results with Record-Breaking Revenue

Dammam, Saudi Arabia, 12 March 2025: Fourth Milling Company ("MC4" or the "Company"), a leading producer of flour and its derivatives in the Kingdom of Saudi Arabia, has announced its financial results for the fourth quarter of 2024 (“Q4 2024”) and the full year ended 31 December 2024 (“FY 2024”), showcasing substantial growth in revenue and profitability driven by a notable increase in sales volumes. The Company reported the highest annual revenue in its history of SAR 629 million, marking a 12.7% year-on-year (y-o-y) increase, and FY 2024 net profit surged 19.7% y-o-y to SAR 171 million. Key Financial and Operational ......Read More

Wednesday, March 12, 2025

Global dividends jumped to a record $1.75 trillion in 2024

Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basis Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar 17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and China Large ......Read More

Wednesday, March 5, 2025
Arabian Company for Agricultural and Industrial Investment Announces Final Offer Price of Its Initia ...

Riyadh, Kingdom of Saudi Arabia – 19 February 2025G: Arabian Company for Agricultural and Industrial Investment (the “Company” or “Entaj”), one of the leading poultry brands in the Kingdom of Saudi Arabia (the “Kingdom”), announces the successful completion of the book-building process for institutional investors (“Participating Parties”) and the final offer price (the “Final Offer Price”) for the Company’s initial public offering (the “IPO” or “Offering”). The Final Offer Price for the Offering has been set at SAR 50 per share, which is at the top end of the previously announced price ......Read More

Wednesday, February 19, 2025

ROSHN Group Secures Two Billion Saudi Riyal Shariah-Compliant Credit Facility from Saudi National Ba ...

The agreement with Saudi National Bank marks a significant step forward for ROSHN Group This funding will cover the acquisition of ROSHN Front Riyadh, 5 February 2025 – ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has agreed a two billion Saudi Riyal Shariah-compliant credit ......Read More

Wednesday, February 5, 2025

Tanmiah Food Company Partners with Chengdu Design & Research Institute to construct 100 State-of-the ...

Riyadh, Saudi Arabia, 09 January 2025 - Tanmiah Food Company (“Tanmiah” or the “Company”, 2281 on the Saudi Exchange), a market-leading provider of fresh and processed poultry and other meat products, animal feed and health products, and a foods brand franchise operator, today announced that it has formed a ......Read More

Thursday, January 9, 2025

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