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Business, Economy

ADNOC Distribution 2025 dividend $700m

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

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

Saudi Arabian ministry issues 174 industrial licenses

The skirmishes came after Hizbollah chief said that the war between Israel and Hamas could turn into a regional conflict. (AFP)
By TRENDS Desk
November 4, 2023 1:17 am
  • The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
  •  A total of 82 factories started production in September, with investments worth US$506 million.

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September, at a total value of US$1.4 billion (SAR 5.3 billion).

 A total of 82 factories started actual production in September, with total investments of US$506 million (SAR 1.9 billion), the ministry said in a statement.

 It added that the total number of existing factories by the end of September reached 11,273.

The number of employees amounted to 7,139, of whom 1,599 are Saudis.

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