Saudi Aramco appointed Mahdi Aladel as new CEO to run its $500 million venture capital and investments arm, according to Bloomberg.
Salaam Al Shaksy, former CEO of Alizz Islamic Bank, has been named Chief Integration Officer of Oman Arab Bank.
Taqa and Masdar said their consortium with partners French group EDF and China’s JinkoPower will develop the world’s largest solar plant.
EDGE Group acquires the remaining 40 per cent stake currently held by Lockheed Martin Corporation and Sikorsky in AMMROC.
Red Sea Development Company has awarded its largest value contract to date to Nesma and Almabani for airside infrastructure works.
Saudi Grains Organization (SAGO) and National Center for Privatization and PPP (NCP) have completed the privatization of two milling companies.
Agthia Group PJSC, one of the region’s leading food and beverages companies, today announced the appointment of Alan Smith as its new Chief Executive Officer.
ADPower transfers the majority of its power and water generation, transmission and distribution assets to Taqa in exchange for 106,367,950,000 new shares.
Maaden Waad Al Shamal Phosphate Company (MWSPC) has signed new financing agreements for USD 2.3 billion with local and regional financial institutions.