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Business

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts 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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