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Press Dossier   By Date  20/05/2025
MAGRABi Retail Group acquires Kefan Optics, eyes potential IPO
Eyewear giant MAGRABi Retail Group has signed a deal to acquire Kuwait’s optical chain, Kefan Optics, as part of its strategy to expand its footprint in the Gulf market.
Saudi banks’ March profits jump 27% on lending boom
Saudi banks recorded a 27.1 percent year-on-year increase in net profits in March, reaching SR8.81 billion ($2.35 billion).
Closing Bell: Saudi indices close in red at 11,405
Saudi Arabia’s Tadawul All Share Index decreased on Monday, losing 33.66 points, or 0.29 percent, to close at 11,405.28.
PIF convenes 1,000 global executives in Riyadh to shape next phase of governance
Saudi Arabia’s Public Investment Fund gathered over 1,000 top executives in Riyadh for its second Directors’ Gathering, unveiling new governance priorities amid rapid portfolio expansion.
Saudi Arabia opens three sports facilities to private investment
Saudi Arabia has unveiled a major initiative to open up key sports venues to private sector investment, signaling a significant step forward in the Kingdom’s efforts to transform the industry.
Saudi Arabia’s PIF expands global footprint with new Paris office
Saudi Arabia’s sovereign wealth fund is expanding its global presence with a new subsidiary company office in Paris.
Saudi Arabia, China’s DHX Group to build first tinplate plant in Ras Al-Khair
Saudi Arabia is set to localize tinplate and tin-free steel production through a partnership with China, establishing the region’s first facility of its kind with an annual capacity of 400,000 tonnes.
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