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Saudi construction firm resumes work on 1,000m skyscraper, …
2024年10月2日 · Jeddah Economic Company will finance remaining construction of the tower through internal funding and banking facilities. The bourse statement added: “The tower will be part of the first phase of 1.3 million square meters of the total area of Jeddah Economic Company City, which is approximately 5.3 million square meters.
Dubai Chambers supports expansion of 485 digital startups; AI and ...
2024年11月21日 · “Stimulating the growth of digital companies and facilitating their expansion is instrumental in our drive to achieve the objectives of the Dubai Economic Agenda (D33), which aims to generate an average of AED100bn ($27.2bn) annually for Dubai’s economy through digital transformation projects.”
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Landmark Group IPO: ‘We do not have plans yet’, says …
2024年11月12日 · Posted in IPO, Latest News, Retail, UAE Landmark Group IPO: ‘We do not have plans yet’, says Chairwoman Renuka Jagtiani . Landmark Group executives confirm no immediate IPO plans as the retail giant marks its 50th anniversary, citing financial stability and strong organic cash flows
Landmark Group announces massive $1bn global expansion plan …
2024年11月12日 · The group operates a $350 million Mega Distribution Centre in Jebel Ali among its 12 million square feet of warehousing capacity. Through Logistiq, its third-party logistics company launched in 2022, the group manages 20,000 daily shipments across Saudi Arabia and UAE with 800 vehicles.
Saudi telecom giant Mobily signs Red Sea cable deal with Telecom …
2024年11月6日 · Posted in Technology, Latest News, Saudi Arabia Saudi telecom giant Mobily signs Red Sea cable deal with Telecom Egypt . The new underwater cable will enable Mobily to connect the Arabian Gulf and neighboring countries to the Egyptian Red Sea station through Mobily’s digital corridors
e& unveils climate transition plan to achieve net-zero by 2050
2024年11月28日 · Posted in Technology, Latest News e& unveils climate transition plan to achieve net-zero by 2050 . The Climate Transition Plan (CTP), announced during COP29, outlines the company’s strategy to cut absolute Scope 1 and 2 emissions by 43 percent and Scope 3 emissions by 25 percent from its 2022 baseline
Saudi Arabia’s PIF sells 2% stake in stc for over $1bn
2024年11月14日 · Posted in Technology, Banking & Finance, Latest News, Saudi Arabia Saudi Arabia’s PIF sells 2% stake in stc for over $1bn . PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc’s issued share capital, following the transaction
Lulu Retail to offer 25% stake in IPO scheduled for 28 October
2024年10月21日 · The Group will offer more than 2.582 billion shares, with the IPO process starting 28 October and closing on 5 November. Trading is expected to start on the Abu Dhabi Securities Exchange (ADX) on 14 November.