The Saudi Electric Company (SEC) recently announced a direct
commercial financing agreement worth $1.5 billion for industry and commerce.
The agreement was made with the Bank of China on June 29.
SEC signed a five-year agreement without the promise of
guarantees from Saskhaddm’s financing of capital projects. The agreement is
worth $5625 million Saudi Riyals.
Zain Group’s brand valuation reached an all-time high at over USD 4 billion after growing by more than sixteen percent this year. Company leaders credit operational gains alongside new technologies for driving both business performance and regional recognition.
Dr. Faisal Mohammed Alfaqeer has taken office as CEO of SABIC in Riyadh following his appointment by the board last month. The transition occurs ahead of SABIC’s upcoming 50th anniversary celebration.
First Abu Dhabi Bank hosted a virtual AI Agentathon alongside Presight and Microsoft. Teams worked collaboratively on developing artificial intelligence solutions for real banking challenges. The initiative supports FAB’s ongoing digital transformation efforts.
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