Saudi Aramco signals further investments in China Group reaffirms huge capital spending programme despite fall in Q2 profits May 9 2023 Lex Saudi Aramco: payout boost will lift yield of tight-held stockPremiumcontent Saudi control is an issue for many external investors, some of whom see the c...
Referring to China's Shenzhen as a digital factory for the world, the CEO, who had worked in China, said the Asian country has many innovative companies in relevant industries. "My experience in China has helped me sort of get on my feet here in the Kingdom," he recalled, highlighting ...
RIYADH, March 7 (Xinhua) -- Saudi Arabia has transferred 8 percent of the state-owned oil giant Saudi Aramco's shares to companies fully owned by the Public Investment Fund (PIF), as announced by Crown Prince Mohammed bin Salman Al Saud on Thursday. This transfer reduces the state's stake...
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Middle Eastern companies UK construction executive sues Saudi-owned developer for $100mn David Grover has brought a lawsuit in Riyadh against PIF-backed Roshn claiming bonuses and performance payments Saudi Arabia Neom mega-project boss abruptly replaced in Saudi Arabia ...
but also a vehicle for building trust with its various stakeholders including customers, shareholders, employees, business partners and local communities. With an aim to become one of the most ethical companies In the world, Samsung continues to train its employees and operate monitoring systems, whi...
Saudi Aramco is the world's largest oil producer.1Officially known as Saudi Arabian Oil Company, the company is primarily state-owned and is based in Dhahran, Saudi Arabia.2It is the world's most profitable company, eclipsing even tech giants such as Apple (AAPL), and Microsoft(MSFT).3 ...
“MBS has a goal of manufacturing half of the armaments in Saudi Arabia.” Hence his plans to tour America’s biggest defense contractors on his current visit. The diversification push is the rationale for the planned sale of shares in the state-owned energy colossus, Saudi Aramco. In their...
Top Perfume Companies in Saudi Arabia: Ajmal Establishment:1951 Website: https://www.ajmalperfume.com/ Ajmal Ali has emerged as the premier supplier of fragrances in the Middle East. In 1976, the company’s operations were moved to the Middle East and the first Ajmal outlet was opened in ...
A number of commercial banks operate in thecountry, some of which are joint ventures between Saudi citizens and foreign banks. (Like all enterprises, banks doing business in the country require a Saudi partner.) Others, however, are wholly owned by Saudis. Banking regulations traditionally have ...