Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

SACC picks board heads

SACC operations at the Dakar Rally. LinkedIn
  • The SACC has said Mohammed Abdulaziz ‎Al Sarhan, an independent member, has been appointed chairman ‎of the Board of Directors‎
  • It also announced the appointment of Raed Ibraheem Al Mudaiheem, another independent member, as the Vice-‎Chairman of the board‎

The Saudi Airlines Catering Company (SACC) has announced, in a filing with the Saudi bourse, its new Board of Directors and the people heading it.

It said Mohammed Abdulaziz ‎Al Sarhan, an independent member, has been appointed chairman ‎of the Board of Directors.‎

It also announced the appointment of Raed Ibraheem Al Mudaiheem, another independent member, as the vice-chairman of the board.‎

The company said it had also formed a Nomination and Remuneration ‎Committee for the current term, which is to last from January 26 this year to January 25, 2025.

It will reportedly have Yousef H Al Yousefi as the chairman, and Mohammed A Al Sarhan, Olivier Harnisch, and Fadi Majdalani as members.‎

The SACC has also formed an Executive ‎Committee for the current term, with Al Sarhan as the chairman, and Sami A Al Hukair, Abdulwahab Abdulkarim Albetairi, and Fahad Abdullah Moussa as members.

The company provides catering and other support services to airlines and a broad range of other carriers operating flights to and throughout Saudi Arabia.

The SACC says on its website that its international team of chefs includes specialists in local, regional and international cuisines. ‎