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Business

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Al Arabia sets up e-commerce subsidiary

Al Arabia sets up e-commerce subsidiary.
By TRENDS Desk
February 28, 2022 3:30 pm
  • The subsidiary has a capital standing at SAR 50,000 and will offer multi-vendor business-to-consumer (B2C) products
  • Al Arabia will announce any material impact regarding setting up the new subsidiary once developed

Arabian Contracting Services Company (Al Arabia) has completed the establishment of its 100 percent owned subsidiary, dubbed Arabian Bird Trading Company (Sindebaad), to sell products online.

The subsidiary has a capital standing at SAR 50,000 and will offer multi-vendor business-to-consumer (B2C) products of fashion, cosmetics, perfumes, and home appliances, according to a bourse disclosure on Sunday.

Sindebaad will be headquartered in Riyadh, the Kingdom’s capital.

Al Arabia will announce any material impact regarding setting up the new subsidiary once developed.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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