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Saudi Authority for Industrial Cities and Technology Zones

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

  • Saudi Arabia, South Korea ink pact to manufacture vaccines, biotech solutions

    Seoul, South Korea - Saudi Arabia and South Korea on Sunday signed a Memorandum of Understanding (MoU) to collaborate in manufacturing vaccines and biotech solutions. The agreement was inked between the Saudi Authority for Industrial Cities and Technology Zones (MODON) and the South Korean GL Rapha Holding Company, Saudi Gazette reported.As...

  • Modon inks 2 MoUs with Saudi Exports, Local Content Authority

    RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding with the Saudi Export Development Authority and the Local Content and Government Procurement Authority (LCGPA) to promote national products.The MoU with the development authority entails exchange of expertise in industrial...

  • MODON to acquire GE’s Industrial Complex in the Eastern Region

    Riyadh, Saudi Arabia --  The Authority for Industrial Cities and Technology Zones (MODON) has signed an agreement with GE whereby the latter's factories spread over 120,000 square metres in the Eastern Region will come under MODON supervision.The agreement was signed between the CEO of the MODON Eng. Majed Al-Argoubi and...