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In 2005, Almarai entered a new phase, transformed from a company with limited liability to a joint-stock company. The move was part of the company's IPO, as they floated 30% of the company shares on the Saudi Arabian stock market, the Tadawul. All shareholders, including The Savola Group, diluted their shares for the IPO to take place. However ...
Nayef bin Sultan Al Kabeer (born 29 January 1975) is a Saudi businessman who has been the chairman of the board of directors of Almarai Company since March 2020 when his father Sultan bin Mohammed resigned from the post. [1] Nayef bin Sultan is a member of the Al Kabeer cadet branch of the Saudi royal family.
Mohammed bin Saud Al Kabeer, father of Prince Sultan. Prince Sultan belongs to the Al Kabeer branch of the Saudi royal family. [2] This branch is the descendants of Saud bin Faisal bin Turki, Emir of Nejd, who was an uncle of King Abdulaziz, the founder of the present Kingdom of Saudi Arabia.
(Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk's $44 billion acquisition of Twitter, now X, in ...
Target has been sued for allegedly concealing the risks of its diversity and social initiatives, leading to a backlash that caused customers to flee and the stock price of the Minneapolis-based ...
UnitedHealth Group held its first earnings call since the shooting of its insurance executive last month.UnitedHealthcare CEO Brian Thompson was killed outside of an investor day meeting in New ...
Alinma Bank’s founding shareholders are as follows: The Saudi Arabian Public Investment Fund (PIF), the Saudi Arabian Public Pension Agency (PPA) and the Saudi Arabian General Organization for Social Insurance (GOSI). Together they represent 30% of the bank’s share capital, all with equal shares.
Relatives and friends of Israeli people killed and abducted by Hamas and taken into Gaza, react as they follow the news of the hostages' release, in Tel Aviv, Israel, Saturday, Jan. 25, 2025 ...