Shareholders in Saudi Integrated Telecom Co (SITC), which is due to be wound up, could be compensated earlier than expected after Saudi Arabia's finance ministry acquired minority investors' shares.
Last week, a royal decr
Alfalak Electronic Equipment & Supplies, a leading provider of technology solutions in the Middle East, has been classified as official contractor for public projects by the government of Saudi Arabia.
Alfalak can now bid on government
The Saudi Company for Technological Development and Investment (Taqnia) has taken steps to set up a firm to bring technology and other innovation-centered businesses to the kingdom.
A knowledge economy has been a major initiative