INSEAD Day 4 - 728x90

Economy

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

SALIC gets Saudi Grains Organization contract to supply wheat

Saudi Grain Organization awarded the Saudi Agricultural and Livestock Investment Co. a contract for the import of 240,000 tons of wheat. AFP
By TRENDS Desk
June 6, 2022 8:46 am
  • The SALIC, owned by the Public Investment Fund, was established in 2011 to secure food supplies for the Kingdom
  • The amount awarded represents 20 percent of the total allocated to investors abroad, Governor of SAGO, Ahmad Al-Fare said

Saudi Grain Organization (SAGO), awarded the Saudi Agricultural and Livestock Investment Co. (SALIC) a contract for the import of 240,000 tons of wheat from abroad to reach Saudi ports during August to October.

The cargo,  according to the Saudi Press Agency, constitutes the first batch of wheat purchased from Saudis who invested in agricultural assets abroad.

The amount awarded represents 20 percent of the total allocated to investors abroad, Governor of SAGO, Ahmad Al-Fare said. 

The SALIC, owned by the Public Investment Fund,  was established in 2011 to secure food supplies for the Kingdom.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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