Aramco approved the board’s decision to enhance the company’s capital from 60 billion to 75 billion riyals by capitalizing 15
Aramco approved the board’s decision to enhance the company’s capital from 60 billion to 75 billion riyals by capitalizing 15 billion riyals in retained earnings last Thursday. According to Aramco, shareholders will be given one share for every 10 shares owned in the company. The company’s capital before the increase…
The Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman, said, Monday, that the crude oil production capacity in the Kingdom of Saudi Arabia is expected to reach 13.3-13.4 million barrels per day by the end of 2026 or early 2027, as it looks to intensify work in the…
Dr. Muhammad Makni, a professor of finance and investment at Imam University, claims that the Saudi budget statistics for the first quarter of 2022 are the highest at the ministry’s quarterly budget level. He added that it is an indication of the government’s seriousness in continuing to control spending, enhance…
Homezmart announced the start of its commercial operations in the Kingdom, in preparation for a new phase in the furniture industry in the region, intending to support regional trade and economic growth in the Middle East. Homezmart, the leading platform for trading furniture and home products in the Middle East,…
The Saudi Industrial Development Fund launched the “Industry Hackathon”, the first of its kind in Saudi Arabia, with prizes of up to 250,000 riyals for the first five places. It is launched in partnership with the “Made in Saudi Arabia” program and sponsored by Ma’aden, SABIC, and Riyad Bank. The…
By : Dr. Raja’a Shawkat Addressing the challenges of the abundance of energy resources at the global level is of great importance, so stability in the energy market is a challenge in itself. As for Aramco, in the year 2022, it deservedly won the throne of companies in being the…
Saudi Commerce Ministry announced 10 urgent measures to address car delivery delays, according to the Saudi Press Agency, “SPA”. Following consultation with the Ministry of Interior, the Zakat and Customs Authority, and car dealerships, the ministry has taken the following measures: 1- The Ministry of Commerce works with manufacturers to…
Saudi Arabia has begun work on the actual counting and data collection stage of the “Census 2022,” the country’s fifth census, with the participation of more than 30,000 field researchers and a variety of options, including the first-ever digital census and self-enumeration, which allows citizens and residents to participate in…
Bloomberg Agency announced the appointment of ROTHSCHILD to handle the restructuring of the Saudi Binladin Group The company has been undergoing the largest debt restructuring in the Middle East for over a year. Khaled bin Abdul Rahman Al-Quwaiz, CEO of Saudi Binladin Group, previously stated to the Al Arabiya channel…
Saudi Energy Minister Prince Abdulaziz bin Salman expressed concern about the entire energy system, urging collaboration to develop practical solutions to current and prospective problems. During a panel discussion, the Saudi Energy Minister stated that the world must pay attention to an existing reality represented by the exhaustion of spare…
