Saudi Aramco Energy Ventures taps Mahdi Aladel as CEO
Saudi Aramco appointed Mahdi Aladel as new CEO to run its $500 million venture capital and investments arm, according to Bloomberg.
Saudi Arabia
Nesma, Almabani awarded airport contract
Red Sea Development Company has awarded its largest value contract to date to Nesma and Almabani for airside infrastructure works.
SAGO completes first phase of privatization
Saudi Grains Organization (SAGO) and National Center for Privatization and PPP (NCP) have completed the privatization of two milling companies.
Maaden completes refinancing of its MWSPC phosphate unit
Maaden Waad Al Shamal Phosphate Company (MWSPC) has signed new financing agreements for USD 2.3 billion with local and regional financial institutions.
ACWA Power ups stakes in Hajr Electricity Production Co
ACWA Power ups stakes in Hajr Electricity Production Company from 17.5% to 22.49% following the partial acquisition of Samsung C&T’s equity.
Saudi Arabian Parsons awarded AMAALA construction supervision
Saudi Arabian Parsons has been awarded the construction supervision of AMAALA, an ultra-luxury destination located along Saudi Arabia’s northwestern coast.
Taqnia to build satellite ground system with Lockheed Martin
The Saudi Technology Development and Investment Company (TAQNIA) and Lockheed Martin will develop and deploy the new ground segment for the secure and commercial operations of SaudiGeoSat-1.
Mediclinic and Al Murjan Group to build Jeddah hospital
Mediclinic and Al Murjan Group have entered into a joint venture to develop a 200-bed general hospital in Jeddah, Saudi Arabia.
SAMA gave PIF $40 billion for stocks buying spree
Saudi Arabia’s central bank gave $40 billion to the kingdom’s Public Investment Fund as it picked up minority stakes in American corporations.