August 16th, 2019 | 0 commentsDr. Walid bin Mohammed Al-Samaani has been justice minister and president of the Supreme Judicial Council since December 2015. He is also a member of the Council of Economic and Development Affairs. Al-Samaani attained his bachelor’s degree in Shariah from Imam Muhammad ibn Saud Islamic University, his master’s in the same field, and his...
August 16th, 2019 | 0 commentsThe secretary-general of the Organization of Islamic Cooperation (OIC), Dr. Yousef Al-Othaimeen, congratulated the leadership, government and people of Saudi Arabia on the success of this year’s Hajj season. He expressed thanks for the services and facilities provided to pilgrims from their arrival in the holy sites until their return to...
August 16th, 2019 | 0 commentsIndian Ambassador Dr. Ausaf Sayeed thanked King Salman and Crown Prince Mohammad bin Salman for hosting 2.7 million Indian nationals in Saudi Arabia. Speaking at India’s 73rd Independence Day celebrations in Riyadh on Thursday, Sayeed thanked the Saudi leadership for increasing India’s quota of Hajj pilgrims to 200,000 this year. He said...
August 16th, 2019 | 0 commentsSaudi Arabia has launched a number of water developments worth over SR3.1 billion ($825 million) in Makkah and other holy sites coinciding with the Hajj season for this year, media reports said. These projects include setting up a pipeline for carrying desalinated water from the desalination plant in Al Shuaibah to Makkah and the holy sit...
August 16th, 2019 | 0 commentsTotal assets of the Saudi Arabian Oil Company, known as Saudi Aramco, increased by 5.8% year-on-year during the first half of 2019. Assets of the Saudi-based company reached AED 1.42 trillion ($379.85 billion) in H1-19, compared to AED 1.34 trillion ($358.98) in H1-18, according to Aramco’s recent report. Non-current assets, which represe...
August 16th, 2019 | 0 commentsSaudi Arabia’s bank lending levelled up by 3.1% during the second quarter of 2019, supported by the increase in long-term credit facilities by more than SAR 100 billion, according to the Saudi Arabian Monetary Authority’s (SAMA) data. Total loans recorded SAR 1.45 trillion in Q2-19, compared to SAR 1.41 trillion in Q2-18. The long-term lo...
August 7th, 2019 | 0 commentsRed Sea Housing Services Company Dubai, which is fully owned by Red Sea International Company, has signed a contract with Expo 2020 in Dubai. The agreement’s total value amounted to SAR 56 million, according to a filing to the Saudi Stock Exchange (Tadawul) on Monday. Under the 20-month deal, Red Sea Housing Services will supply Expo 2020...
August 7th, 2019 | 0 commentsThe board of directors of the Saudi British Bank (SABB) has proposed distributing 6% cash dividends to its shareholders for the first half of 2019. The Saudi-based lender will pay dividends worth SAR 1.18 billion, or SAR 0.6 per share, for H1-19, according to the bank’s recent statement to the Saudi Stock Exchange (Tadawul). The Eligibili...
August 7th, 2019 | 0 commentsJarir Marketing Company reported its initial financial statements for the second quarter of 2019. Net profits after zakat and tax went up 3.9% to SAR 169.1 million in Q2-19, compared to SAR 162.6 million in Q2-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Tuesday. The increase in profits was attributed to...
August 7th, 2019 | 0 commentsAman Resorts, the leading hotel and resort brand based in Singapore, has signed a partnership deal with the Royal Commission for AlUla (RCU) in a move to launch its first Middle East properties in AlUla, Saudi Arabia, Trade Arabia reported. The deal was signed by Badr bin Abdullah bin Mohammad bin Farhan Al Saud, Saudi Arabia’s Minister o...
