Tag: Saudi Arabia Business News
ENGIE buys Saudi Arabia’s leading facilities management firm AMC
France headquartered, ENGIE Solutions, an international leader in providing low carbon energy and services, has acquired Saudi-based total facilities management company Allied Maintenance Company...
Saudi Arabia’s tourism sector aims to attract $133bn investment by 2030
Saudi Arabia Ministry of Tourism is expecting to attract new investments worth $58.64 billion by 2023 and over $133.2 billion by 2030 for the...
KBW Ventures increase its investment in biotech firm TurtleTree Labs
The asset management company KBW Ventures, founded by Prince Khaled bin Alwaleed bin Talal Al-Saud has joined other existing investors in a Singapore-based biotech...
Developing countries can boost life expectancy by sparing 5% of GDP...
If governments in developing countries invest 5 percent more of gross domestic product in reinforcing the healthcare system the life expectancy can be extended...
SABIC plans $1.2mn cash dividend for H2 of 2020
Saudi Arabia's multinational chemical manufacturing company, Saudi Basic Industries Corp. (SABIC), has planned to distribute $1.2 million in cash dividends to its shareholders.
As per...
Saudi Arabia’s 2021 budget prioritize spending on health
Saudi Arabia’s 2021 budget was announced with spending of $264 billion, nearly 7 percent less than estimated for this year, as the Kingdom is...
Saudi’s SAIB joins Trend Micro to secure its digital estate
The Saudi Investment Bank (SAIB) has entered into a partnership deal with American-Japanese cybersecurity provider Trend Micro to ensure a secured environment for its...
Saudi Aramco plans to raise fund from asset sales
Saudi Arabia’s multinational petroleum and natural gas company is planning to raise billions of dollars from investors by selling stakes in some subsidiaries, according...
