INSEAD Day 4 - 728x90

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.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Mawani, MARASI ink pact to establish Seafarers Club in Saudi ports

Saudi non-oil exports increase by 17.8% in second quarter. (SPA)
  • Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and Logistics Strategy
  • The Seafarers Club will have various amenities including a hotel, call centers, cafes, entertainment halls, multiple restaurants, a food commodity store

Riyadh, Saudi Arabia – The General Authority for Ports (Mawani) and MARASI MARINE signed an agreement on Sunday to establish a Seafarers Club at Jeddah Islamic Port, King Abdulaziz Port in Dammam and Ras Tanura Port, aimed at providing housing and entertainment services for the crews of local and international ships and international shipping lines. 

The agreement was signed by President of Mawani Omar bin Talal Hariri and Chairman of the Board of Directors of Marasi Talal bin Othman Al-Hamdan.

The Seafarers Club will have various amenities including a hotel, call centers, cafes, entertainment halls, multiple restaurants, a food commodity store, and a health club.

The club provides exchange and banking services and includes entertainment halls, places to provide integrated pharmaceutical and medical services, and a service center.

Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and Logistics Strategy.