Thursday 17 April 2014
 
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Saudi firm

Pentair, Saudi firm plan JV

Pentair Ltd, a global water, fluid, thermal management and equipment protection company, has signed a memorandum of understanding (MoU) with Saudi Arabia's Ali Abdullah Al Tamimi Company to form a joint ventu

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Al Baraka acquires key Saudi firm stake

Bahrain-based Al Baraka Banking Group (ABG) has acquired 60 per cent of the issued shares of Saudi's Al Tawfeek Financial Group through its subsidiary in the kingdom, Al Baraka Islamic Bank. Al Tawfeek Financial Group Company is a clos

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Kingdom Holding Q3 profit jumps 24pc

Saudi Arabia's Kingdom Holding, the investment vehicle of Prince Alwaleed bin Talal, posted a 23.6 per cent rise in its third-quarter net profit on increased income from investments and dividends, it said in a bourse statement. Kingdom

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Saudi firm in new healthcare venture

Riyadh Valley Company (RVC), a Saudi government-owned investment firm, said it has tied up with health care technology supplier Cerner and leading business group Zamil to set up a healthcare technology venture in the kingdom. RVC which aim

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CS ties up with Gulf firms to issue $6.2bn notes

Credit Suisse Group said it has sealed an agreement with its key Gulf investors, Qatar Holding and Saudi-based Olayan Group, to issue an aggregate of CHF6 billion ($6.17 billion) of Tier 1 buffer capital notes. This form of contingent

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Masharie acquires 51pc stake in Saudi firm

Masharie, the private equity arm of Dubai Investments, said it has acquired a 51 per cent stake in Technical Rubber - a leading rubber products manufacturing company based in Dammam, Saudi Arabia. The strategic acquisition complements Mash

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