Search Site

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Saudi ministry signs smart transportation MoU with Alstom

Alstom will establish its regional headquarters in the kingdom. (Pic SPA)
  • The MoU aimed exploring investment opportunities in the transport sector and localize the manufacture and maintenance of trains.
  • The MoU also entails Alstom to establish its regional headquarters in the kingdom.

Saudi Arabia’s Ministry of Investment has signed a memorandum of understanding with Alstom, which specializes in the sustainable and smart transportation sector, to explore investment opportunities in the transport sector and localize the manufacture and maintenance of trains.

The MoU also entails Alstom to establish its regional headquarters in the kingdom. It also aims to explore the future of sustainable transport in the kingdom and identify investment opportunities in the public transport sector related to railway infrastructure, sustainable transport technologies and reducing carbon emissions, in line with the objectives of Vision 2030.

Saudi Arabia aims to reach net zero emissions by 2060 and the regional player whose sustainable mobility infrastructure, such as rail transport, plays a major role in achieving the kingdom’s sustainable development goals.