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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

10 of these being acquired for its flydaeal low-cost airline

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.

Saudi Arabia licenses 109 new factories worth $667m in March

The total number of factories that began actual production in Saudi Arabia reached 261 in March, with investments reaching $1.6 billion. (SPA file photo)
By TRENDS Desk
April 23, 2022 11:32 am
  • With the new licenses, the total number of factories across the country is now 10,489
  • Meanwhile, the total number of workers in these licensed factories stands at 3,497

Data issued by Saudi Arabia’s Ministry of Industry and Mineral Resources has showed that the country issued licenses to 109 new factories worth over SAR2.5 billion ($666.67 million) in March.

The total number of workers in these licensed factories reached 3,497, local reports have said.

Meanwhile, with the new licenses, the total number of factories across the country stood at 10,489.

The total number of factories that began actual production reached 261 in March, with investments reaching SAR6 billion ($1.6 billion).

The total number of workers in these factories reached 11,478, according to the official data.

The total number of workers that joined the industrial sector in March reached 10,345.

They included 4,131 residents of Saudi Arabia.

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