LatestAramco Q3 profit jumps 34% to $36.25bn despite attacks
Aramco Q3 profit rose 34% to SAR135.94bn ($36.25bn) on stronger refining margins; adjusted income up 9% and a $21.9bn base dividend declared.
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Read StoryPIF SACE financing: $3bn Italy-backed loans from 25 banks
PIF SACE financing: Saudi Arabia's Public Investment Fund raises $3bn in dual-tranche credit facilities guaranteed by Italy's export credit agency SACE.
Read StoryAramco HUMAIN stake: $2.6bn deal for 49% closes
Aramco HUMAIN stake deal closes: the oil giant pays SAR9.9bn ($2.6bn) and adds AI assets for 49% of PIF’s AI firm, which…
Read StoryACWA Power EIG partnership targets $4bn US power platform
The ACWA Power EIG partnership, named Plenum Power, targets a $4bn initial equity commitment to buy and build US power generation and…
Read StoryACWA Power Hassyan deal: SAR1.79bn DEWA water agreement
ACWA Power Hassyan deal: the Saudi utility signs a 30-year SAR1.79bn ($478m) water purchase agreement with DEWA for a 272,000 m3/day desalination…
Read StoryBahri Q3 profit jumps 891% to SAR5.09bn on tanker rates
Bahri Q3 profit rose 891% to SAR5.09bn ($1.36bn) as record tanker freight rates lifted revenue 504%. Nine-month earnings reached SAR9.98bn ($2.66bn).
Read StoryMIS HUMAIN contract: new work orders top SAR3.4bn
MIS HUMAIN contract work grows as the Saudi IT firm receives two new AI data centre work orders worth about SAR 3.44bn,…
Read StoryAlmarai red meat entry: SAR500m Haboor beef brand launch
Almarai red meat plans: the Saudi food group is investing about SAR500m in a new beef brand, Haboor, with the financial impact…
Read StoryBahri VLCC contract: SAR1.69bn IMI deal for 3 tankers
Bahri VLCC contract: Saudi shipping group signs SAR1.69bn ($451m) deal with IMI to build three 320,000 DWT crude tankers for delivery in…
Read StoryAl Rajhi Bank Q3 profit rises 11.7% to record SAR7.1bn
Al Rajhi Bank Q3 profit rose 11.7% to a record SAR7.11bn as financing income jumped 20%, leading six Saudi lenders to SAR19.8bn…
