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Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Aramco acquires stake in BHIG

The 50% equity interest in BHIG is Aramco-APQ joint venture.

ADNOC L&S okays $273m dividend

The final dividend of $136.5m will be paid on April 3.

ADNOC Gas to pay $3.41bn dividend

It includes $1.7 billion scheduled for distribution in Q2 2025.

SEIC buys stakes in Egypt firms

Saudi Arabia is the top global and Arab investor in Egypt.
By TRENDS Desk
August 11, 2022 9:06 am
  • The SEIC will own shares in Abu Qir Fertilizers and Chemicals Industries Co., Misr Fertilizers Production Co., Alexandria Container and Cargo Handling Co.
  • The companies operate in sectors such as fintech, logistics, and fertilizer

The Saudi Egyptian Investment Co., a fully owned Public Investment Fund company, has bought majority stakes in four publicly listed Egyptian companies.

The Egyptian Ministry of Planning and Economic Development said that the deal is worth $1.3 billion.

The SEIC will own shares in Abu Qir Fertilizers and Chemicals Industries Co., Misr Fertilizers Production Co., Alexandria Container and Cargo Handling Co. and E-Finance for Digital and Financial Investments SAE.

The companies operate in sectors such as fintech, logistics, and fertilizer.

Meanwhile, SEIC aims to support PIF’s efforts to explore new investment opportunities in the Middle East and North Africa region that support the creation of long-term strategic economic partnerships to achieve sustainable returns.

 

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