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DEWA okays $843m in H2 2024 dividend

DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.

Dar Alarkan 2024 profit up 32%

The company's net profit increased by 81.5 percent in Q4 2024.

ADNOC Drilling approves $788m dividend

The final cash dividend of $394m for 2024 was approved at the AGM.

Google says to buy Wiz for $32 bn

The all-cash deal brings Wiz into the Google Cloud operation.

Borouge proposes share buyback

The company had posted a 24% YoY increase in net profit to $1.24bn.

Saudi Space Agency, US Sierra Space partner to develop national capabilities

The Saudi Space Agency (SSA) signed a memorandum of understanding (MoU) with Sierra Space, a leading US company in the field of space technologies.
  • The memorandum was signed by SSA CEO, Dr Mohammed bin Saud Al-Tamimi, and Sierra Space CEO, Tom Vice
  • The signing ceremony was attended by the Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawaha

Riyadh, Saudi Arabia – The Saudi Space Agency (SSA) signed a memorandum of understanding (MoU) with Sierra Space, a leading US company in the field of space technologies, to exchange knowledge, skills and experiences and develop national capabilities and competencies in fields related to the space sector.

The memorandum was signed by SSA CEO, Dr Mohammed bin Saud Al-Tamimi, and Sierra Space CEO, Tom Vice.

The signing ceremony was attended by the Saudi Minister of Communications and Information Technology and Chairman of the Board of Directors of the SSA, Eng. Abdullah bin Amer Al-Sawaha, who heads the delegation of the digital economy, space and innovation system, which is on an official visit to the US, to deepen partnerships in various areas of technology, space and innovation.

With this MoU and other memoranda, and agreements concluded with US parties specialized in space and its exploration, the SSA seeks to share its aspirations, develop and create specialized training programs for students and employees, which contributes to the growth of the local and global space sector, and building a sustainable future driven by innovation.