Company News

Batelco EGM approves key resolutions

(Trade Arabia - 12/14/2017 5:47:00 AM)

Batelco, an international telecommunications group with operations across 14 countries, today held an extra-ordinary general meeting to discuss proposed changes to Batelco’s Memorandum and Articles of Association. The meeting, held at Batelco’s Hamala ...

Ooredoo holds digital literacy programme

(Trade Arabia - 12/14/2017 5:46:00 AM)

Ooredoo Oman, a top telecom provider, has partnered with Al Roya Press and Publishing to launch a digital literacy programme which will empower more than 900 women with essential IT skills. Backed by Ooredoo’s team of technical experts, the initiative ...

SNC-Lavalin, Aramco sign deal on in-kingdom opportunities

(Trade Arabia - 12/14/2017 5:45:00 AM)

SNC-Lavalin and Saudi Aramco today signed a memorandum of understanding (MoU) signalling SNC-Lavalin's continued commitment to creating and accelerating opportunities for local work forces in Saudi Arabia. The MoU supports Saudi Aramco's In-Kingdom Total ...

Al Tayyar Travel launches transformation plan

(Trade Arabia - 12/14/2017 5:42:00 AM)

Saudi Arabia-based Al Tayyar Travel Group, a leading global travel and tourism company, today announced a strategic transformation plan that will take the company in a new, more focused direction to enhance long-term shareholder value. A statement said ...

Saudi Aramco to Seek Pitches for IPO Coordinator Roles

(Bloomberg - 12/13/2017 1:09:00 PM)

Saudi Arabian Oil Co. is asking banks to pitch for roles as coordinators and bookrunners on its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with plans for the world’s biggest share sale. ...

Saudi Aramco signs $10.4 billion worth of MOUs with companies

(Reuters - 12/13/2017 12:05:00 PM)

Saudi Aramco signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals (8 billion pounds). The bulk of the memorandum of understanding agreements were part of a drive to promote local manufacturing, the company ...

du Opens New Business Centre Facility at Jebel Ali Free Zone

(Press Release - 12/13/2017 11:58:00 AM)

UAE-based telecommunications service provider, du, recently signed a strategic agreement with Jebel Ali Free Zone (Jafza), a DP World Company. In line with this agreement, du will expand its Business Centre facilities to all Jafza employees and ...

Dallah Healthcare recommends cash dividends for year 2017

(Tadawul - 12/13/2017 11:54:00 AM)

The Board of Directors of Dallah Healthcare Company, during its meeting on 12 December 2017, has decided to recommend to the General Assembly the following: First: payment of dividend for the financial year 2017 as follows: 1- Total distributed dividends ...

Aramco offers $16bn projects for SMEs

(Trade Arabia - 12/13/2017 11:21:00 AM)

Over 140 investment opportunities valued at over $16 billion across Saudi Arabia's energy sector were presented at Saudi Aramco's annual flagship localisation event, the iktva SMEs Forum and Exhibition 2017. In welcome remarks before an audience of over ...

UAE’s Mashreq Bank announces new Head of Corporate and Investment Bank

(WAM - 12/13/2017 11:20:00 AM)

Mashreq Bank HAS announced the joining of Ahmed Abdelaal as Group Head of Corporate and Investment Banking. Abdul Aziz Al Ghurair, Mashreq Bank’s CEO, said, "I am delighted to welcome Ahmed Abdelaal to Mashreq Bank. He brings a wealth of experience, ...