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DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

$5m fine for polluting water in Saudi Arabia

Oil spill on beach with oil skimmers in background.
  • Raft of tough regulations in campaign to protect the Kingdom’s marine environment
  • The new rules ban the removal of rocks, pebbles, beach sand and marine sediment

Saudi Arabia has launched a strict campaign of penalizing companies and individuals involved in polluting water resource of the kingdom. The fine could be up to $5.3 million.

The list of offenses includes oil pollution and spills of hazardous material, leaks and loss of naval cargo in the Kingdom’s internal waters, territorial waters and the region adjacent to it, the exclusive economic zone or the continental shelf.

It is also illegal to carry out any filling work, dredging, reclamation of beaches, and establishing or removing breakwaters, seawalls, coastal construction or exploration or excavation work without a permit from the National Center for Environmental Compliance.

Special provisions related to licensing marine sports activities ban marine sports and diving activities that do not use environment-friendly engines or do not obtain permits from the NCEC.

The list follows decisions by the Minister of Environment, Water and Agriculture to establish a set of rules, provisions and controls that protect the marine and coastal environment from deterioration and pollution.

Abdullah Al-Mutairi, spokesperson for the NCEC, said the list took into consideration the implementation and execution of international and regional treaties approved by the Kingdom.

Its most important terms included producing and executing a program to monitor pollution in the Kingdom’s waters, he said.

This was in addition to preparing controls and conditions to combat pollution, preparing environmental controls special to marine mediums, and conditions and controls to issue and renew environmental licenses and permits for marine and coastal activities.

Al-Mutairi said the new campaign included plans for scientific studies and research programs on the quality of the marine and coastal environment.