Riyadh: The Saudi Electricity Company (SEC) said in a press release issued today it demonstrated continued improvement in financial performance during the third quarter and the first nine months of 2024. In Q3 2024, SEC reported a 19% increase year on year in revenues, reaching SAR28.3 billion, and an 18%
RIYADH: The General Court of Audit’s (GCA’s) Saudi Center for Financial and Performance Auditing (SCFPA) and King Saud University (KSU) yesterday signed a memorandum of cooperation (MoC) to share expertise, methodologies, and build specialized capabilities in accounting and auditing. The signing ceremony took place at the GCA headquarters in Riyadh.
Riyadh: His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, today hosted Pakistan’s Chief of Army Staff, General Asim Munir, in his office. The meeting centered on enhancing bilateral relations, with a particular focus on military cooperation,
Riyadh: Minister of Economy and Planning Faisal Alibrahim has met with Estonia’s Minister of Economy and Industry Erkki Keldo. During the meeting, they discussed economic and trade collaboration, investment opportunities, and recent global economic developments of mutual interest. According to Saudi Press Agency, the discussions aimed to strengthen the economic
Saudi Arabia: Saudi Venture Capital (SVC) announced in a press release issued today an investment of $20 million in Booster Fund IV, a venture capital fund managed by BECO Capital. BECO Capital is an early-stage venture firm in the Gulf with $495 million in AUM across four funds. According to
RIYADH: Minister of Communications and Information Technology Abdullah Alswaha met with Republic of Estonia Minister of Economy and Industry Erkki Keldo to explore avenues for expanding their strategic partnership focused on digital innovation, the empowerment of emerging technology firms, and fostering digital entrepreneurship. According to Saudi Press Agency, the meeting