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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

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ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

CEO of Saudi Electricity Company quits from top post

By Hilal Mir
June 7, 2021 6:00 am

    • Al Sudairi cited personal reasons for the decision

    • The company appoints vice president as its new head until further notice

    Fahad bin Hussein Al Sudairi, Chief Executive Officer (CEO) of Saudi Electricity Company (SEC), has resigned from his job citing personal reasons. He will be replaced by Khaled bin Hamad Al Gnoon, currently the company’s executive vice president, distribution and customer services, until further notice, SEC said in a statement quoted by Zawya.

    Sudairi was appointed as CEO in November 2019 and resigned for private reasons, according to the statement.  SEC’s most recent financial reports show a profit of SAR 1.69 billion ($451 million) in Q1 2021, compared with a loss of SAR 2.44 billion in the same period in 2020.

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