The National Debt Management Center has completed the receipt of investor requests for the local Sukuk issuance for August 2024, as part of the Saudi Arabian government’s Sukuk program in Saudi Riyals. The total allocation for this issuance was set at SR6.018 billion. The center’s statement detailed that the issuance was divided into five tranches.
Liva Group, a leading multi-line insurer in the GCC, today said that a potential merger between Liva Insurance Company (“Liva KSA”) and Malath Cooperative Insurance Company was part of a strategy to expand its footprint in Saudi Arabia. Liva KSA, which is listed on the Saudi stock exchange and majority owned by Liva Insurance BSC
Arabian Mills for Food Products Company(“Arabian Mills” or the “Company”), one of the market-leading flour milling companies in the Kingdom of Saudi Arabia (“KSA” or the “Kingdom“), announces its intention to proceed with an initial public offering (“IPO” or “Offering”) and the listing of its ordinary shares (“Shares”) on the Main Market of the Saudi
NEOM Green Hydrogen Company (NGHC), the company building the world’s largest green hydrogen plant at Oxagon,in Saudi Arabia’s northwestern region of NEOM, has announced a significant recruitment drive for its construction and operations phases. This initiative aims to build a strong, talented team across various functions, including Corporate, EHSS, Risk, Operations & Maintenance, Finance, IT
Leading smart facilities management (FM) solutions company HITEK Services, which is part of the Farnek group of companies, has acquired multiple prestigious contracts in Saudi Arabia, cementing its leadership in the delivery of cutting-edge FM solutions across the kingdom. HITEK Services is a pioneering provider of technology-driven, facility management solutions, with a focus on innovation and sustainability. HITEK optimises
The National Fire Protection Association® (NFPA®) and Aramco, one of the world’s leading integrated energy and chemicals companies, have signed a Memorandum of Understanding to collaboratively develop fire,electrical, and life safety regulations, promote educational initiatives, and share expertise to safeguard lives and property within the Kingdom’s energy and petrochemicals industry. The Memorandum of Understanding was
Dar Global, the London-listed luxury international real estate developer, is pleased to announce the appointment of Rothschild & Co, the leading global independent financial advisor, to explore further growth opportunities in the London and Saudi Arabia markets. The move is part of Dar Global’s strategic plan to expand its presence in the two markets. While