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Press Dossier   By Date  19/08/2024
SALIC to sell 40% stake in Saudi Fisheries for $32.62m
The Saudi Agricultural and Livestock Investment Co. has agreed to sell its 40 percent stake in Saudi Fisheries Co. to businessman Abdulaziz bin Abdullah Al-Humaid for SR122.4 million ($32.62 million).
ACWA Power commissions 700MW solar PV plant in Saudi Arabia
Saudi energy giant ACWA Power has commissioned the 700-megawatt AlRass1 Solar Photovoltaic Project, furthering the Kingdom’s renewable energy goals.
Saudi insurance firm Al-Etihad receives A3 rating from Moody’s
Saudi-based Al-Etihad Cooperative Insurance Co. has been awarded an A3 financial strength rating by Moody’s, reflecting the firm’s strong market position in the Kingdom.
Closing Bell: Saudi main index rises to close at 11,981
Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 66.38 points, or 0.56 percent, to close at 11,981.40.
Saudi EXIM Bank credit facilities rise 128% in H1
The Saudi Export-Import Bank has announced a notable increase in its credit facilities for non-oil exports, with a 128 percent year-on-year rise to SR16.31 billion ($4.34 billion) in the first half of 2024.
Oman’s trade with Americas grows 6.6% to $1.9bn in May
The trade volume between Oman and the Americas reached a substantial 742 million Omani rials, roughly equivalent to $1.9 billion in May.
Red Sea signs deal with Italian firm to build staff camp for Tojena Dam project
The Trojena Dam project in NEOM is set to advance as Red Sea International Co.has secured a SR658 million ($175 million) contract with the Italian construction and civil engineering firm Webuild SpA.
Al-Ahli Bank of Kuwait-Egypt announces outstanding financial results for H1 2024
Al-Ahli Bank of Kuwait - Egypt (ABK-Egypt) recorded outstanding financial results during the first half of 2024, reporting a significant increase in net profit by 154 percent, reaching EGP 4.315 billion compared to EGP 1.699 billion during the first half of 2023.
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