Company News

HSBC Saudi Arabia leads KSA’s first accelerated bookbuild

(Arab News - 9/22/2017 9:26:00 PM)

HSBC Saudi Arabia successfully led the execution of the first accelerated bookbuilding (ABB) process in the Kingdom with the sale of 16,000,000 shares in Almarai Company. The sale represents a 2 percent block of the share capital of the company. HSBC ...

Tawuniya offers private motor insurance program

(Arab News - 9/22/2017 9:19:00 PM)

The Company for Cooperative Insurance (Tawuniya) has launched a comprehensive private motor insurance program. Al-Shamel program offers vehicle owners an insurance cover for any accidental loss or damage caused to the insured car — without an additional ...

It's awards season for A. Schulman and Sabic

(Plastic News - 9/22/2017 9:17:00 PM)

Materials makers A. Schulman Inc. and Saudi Basic Industries Corp. each recently won awards for their customer service and for the quality of their materials. Fairlawn, Ohio-based Schulman received the 2016 Global Supplier Award from Robert Bosch GmbH. ...

Brand survey reveals loyalty levels among UAE banks

(Arab News - 9/22/2017 9:15:00 PM)

Emirates NBD inspires more customer loyalty than other UAE banks and has the highest trust levels in the country according to a new report released on Thursday. The Bank Brands Customer Loyalty Market Research report, published by London-based Brand ...

London Dana Gas sukuk trial to proceed despite UAE injunction - judge

(Reuters - 9/22/2017 8:59:00 PM)

A London High Court trial on the validity of $700 million (£516.61 million) sukuk issued by the UAE’s Dana Gas will proceed on Monday despite an injunction from a UAE court obtained by some shareholders. Judge George Legatt said on Monday ...

Saudi Govt Lifting Ban on Skype, WhatsApp Calls, but will Monitor them

(Agencies - 9/22/2017 8:57:00 PM)

The Saudi government is lifting a ban on calls made through online apps such as Skype and WhatsApp on Thursday as part of its economic reforms, but a spokesman said it will monitor and censor such calls. All online voice and video call services - such as ...

KHC sells interest in Four Seasons Resort Langkawi in $90m deal

(Arab News - 9/21/2017 12:13:00 PM)

Kingdom Holding Company (KHC) chaired by Prince Alwaleed bin Talal, recently announced that it has successfully sold its 90 percent interest in the Four Seasons Resort Langkawi, Malaysia to Leisure Ventures Pte Ltd. (LVPL), an affiliate of Hotel ...

TAQA controlled Oman's Sohar Aluminium gradually restarting production

(Reuters - 9/21/2017 11:25:00 AM)

Oman’s Sohar Aluminium said on Wednesday it gradually restarted production on Friday after an interruption in August, and was working to return to full production as soon as possible. “Sohar Aluminium has confirmed it has re-energised the potline, and on ...

Banque Saudi Fransi announces the Resignation of a Board Member

(Tadawul - 9/21/2017 11:19:00 AM)

Banque Saudi Fransi announces that BSF Board Member, Mr. Francois Jean MARION (non executive) has resigned from the Board of Directors on 20/9/2017 for personal reasons.

STC announcement regarding its mobile frequency licenses

(Tadawul - 9/21/2017 11:15:00 AM)

Reference to the announcement of the Saudi Telecommunications Company published on Tadawul website on 13/9/1438 H corresponding to 8/6/2017AD regarding obtaining the notification by the Communications and Information Technology Commission on 12 Ramadan ...

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