Monday 21 April 2014
 
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Saudi Arabia

GIB plans SR2bn note issue

Bahrain's Gulf International Bank plans to issue a 2 billion Saudi riyal ($545 million) floating rate notes with a lifespan of five years through a private placement in Saudi Arabia, a prospectus showed on Sunday. The bank man

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CPC backs summit as strategic partner

Saudi Arabia-based Construction Product Holding Company (CPC) has strengthened its commitment for The Arabian World Construction Summit (AWCS) by elevating its relationship to strategic partner. The summit will take place from May

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Saudi contract awards slide in Q1 to $10.58bn

The value of contracts awarded in Saudi Arabia during the first quarter of this year fell 19 per cent to SR39.7 billion ($10.58 billion), compared to SR49.1 billion during the same period last year, a report said. The numerous amo

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Savola profits jump 43pc in Q1

Saudi Arabia's Savola Group posted a 43 percent rise in first-quarter profit on Sunday, beating analysts' estimates as the food producer expanded its market share in the retail sector, revenue rose and financial charges fell.

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Saudi Arabia imports 80pc of food needs

Saudi Arabia is importing 80 per cent of its food products while the remaining 20 per cent is produced within the kingdom, a report said. Overall, GCC countries are importing 90 per cent of food requirements from other countries,

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Sabic Q1 profit falls 1.8pc to $1.72bn

Profit at Saudi Basic Industries Corp (Sabic), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower product prices offset rises in production and sales volumes. Sabic m

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Dar Al Arkan Q1 profit rises 4.3pc

Saudi Arabian real estate firm Dar Al Arkan reported a 4.3 percent increase in first-quarter net profit on Thursday, beating analyst forecasts, on the back of higher sales of its developed properties. The kingdom's largest lis

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Saudi oil & gas expo to draw 8,000 visitors

More than 8,000 visitors from almost 30 countries are expected to take part in the sixth edition of the Saudi Arabia International Oil and Gas Exhibition (SAOGE) from November 24 to 26 in Dammam. SAOGE was launched in November 200

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Zain Saudi Q1 net loss narrows

Zain Saudi reported a first-quarter loss on Wednesday which narrowed from a year earlier and beat analyst forecasts as the telecom operator cut costs and data revenue surged. Saudi Arabia's No 3 mobile company, 37-percent owne

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Saudi spy chief Prince Bandar replaced

Saudi Arabian intelligence chief Prince Bandar bin Sultan, the architect of Riyadh's attempts to bring down Syrian President Bashar al-Assad, has been removed from his post, state media reported on Tuesday. His departure, mont

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