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United Cooperative Assurance taps Shaher Al Madani as CEO
Al Madani has been with the company since 2018
WeRide to deploy Robotaxis in the Kingdom
ALSO- Sedco Holding and Bugshan Investment sell their poultry JV
Alinma raises USD 500 mn in AT1 issuance
The perpetual certificates carry a fixed annual return of 6.5%
PIF sets up new office in Paris + Alinma Bank has its eyes on USD-denominated AT1 securities
PLUS: Neom Sports Club gets promoted to Roshn Saudi League
Hajj registration open for Saudi citizens, residents + Al Baik inches closer to Pakistan
PLUS: Fitness chain BodyMasters and car-rental firm Yelo reportedly mull IPO
Wamid wraps DirectFN takeover, TasHeel Holding
ALSO- Baker Hughes secures contract for Aramco’s Jafurah gas field expansion
More bank results roll in
Both banks also saw better 9M performance y-o-y
Alinma Bank extends Bahri USD 756 mn murabaha financing to modernize fleet
Bahri had paid 10% of the USD 1 bn contract for the new vessels upfront
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