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Press Dossier   By Date  08/02/2023
Saudi Arabia sees 54% jump in investment licenses to 4,358 in 2022
Saudi Arabia issued 4,358 investment licenses in 2022, up 53.9 percent compared to 2021, as the Kingdom steadily emerges as an investment destination in line with the goals outlined in Vision 2030.
Saudi, Hong Kong bourses sign MoU to explore listing opportunities
Saudi Tadawul Group Holding Co. has signed a memorandum of understanding with Hong Kong Exchanges and Clearing to work together to explore listing opportunities and collaborate in sectors such as fintech and environmental, social and governance, according to a tweet by the parent company of the Saudi Exchange.
LEAP announces 8 investment funds worth $646m
Investment funds are set to plough $646 million into Saudi Arabia’s digital sector to boost innovation and entrepreneurship.
SABIC plans $1.3bn investments in second stage of energy transition
Saudi Basic Industries Corp. is set to invest $1.3 billion in the second phase of its energy transition, said Fahad Al-Sherehy, vice president of Energy Efficiency and Carbon Management.
Saudi National Bank profits surge 46.7% in 2022
The Saudi National Bank reported a 46.7 percent surge in annual profits in 2022 on the back of a rise in operating income.
Assembly sessions not nullified in govt absence: Expert
Constitutional expert Muhammed Al-Faili said article 116 of the constitution does not technically nullify National Assembly sessions if the government is absent, and that the current norm of adjourning the session was started by late MP Othman Khalil in 1964, who believed the session must be adjourned because the government is not participating.
DHAMAN embraces the responsible care philosophy
Health Assurance Hospitals Company (DHAMAN) continues its contributions to sustainable development by carrying out its social responsibilities related to various societal aspects.
KD 357.7 million net profit for KFH shareholders for 2022 Al-Marzouq
Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that, by the grace of Allah, KFH has reported net profit of KD 357.7 million attributable to the shareholders of the bank for the year ended 2022; an increase of 47.0 percent compared to 2021.
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