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Companies Of Saudi Arabia
Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's Planned economy, command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry. The country plans to reduce oil-based revenues to 42% by 2023. A considerable proportion of Saudi companies are owned by families, including the House of Saud, royal family. Public companies are listed on the Tadawul. For further information on the types of business entities in this country and their abbreviations, see "Types of business entity#Saudi Arabia, Business entities in Saudi Arabia". Largest firms This list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before 31 March 2017. Only the top five firms (if available) are included as a sample. Notable firms This list includes notable company, companies with primary headquarters located in the country. The i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Riyadh (newspaper)
''Al Riyadh'' (Arabic: الرياض) is a Riyadh-based, pro-government Saudi daily newspaper. Its sister paper was ''Riyadh Daily'' that was in circulation between 2003 and 1 January 2004. ''Al Riyadh'' is one of the dominant papers in Nejd. History and ownership ''Al Riyadh'' is the first daily newspaper that was published in Arabic in Riyadh. Its first issue was published on 11 May 1965 with a limited number of pages. Later, it became a daily publication with 52 pages, 32 pages of which were colored pages. Its current issues are with 80-100 pages. The paper is published in broadsheet format. ''Al Riyadh'' is also pioneer in other aspects. It is the first Saudi paper that included caricatures which were drawn by Ali Kharjy, a then-leading caricaturist. It is argued that ''Al Riyadh'' gained popularity among the public due to these caricatures at the end of the 1960s. ''Al Riyadh'' is also the first Saudi newspaper to open a women's bureau. ''Al Riyadh'' is owned and publishe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Madina (newspaper)
Al Madina ( ar, المدينة, lit=The City) is a newspaper published in Jeddah, Saudi Arabia. The paper is one of the oldest newspapers published in the country. History ''Al Madina'' was founded — as a weekly publication, under the name of ''Al Madinah al Munawarah'' (Arabic: ''Madinah the Radiant'') by Hisham Hafiz's uncles, Othman and Ali Hafiz, as a weekly newspaper. Its first issue appeared on 8 April 1937. Later, it became semi-weekly. The publication of the paper was ceased during World War II which resumed following the war. The paper was renamed as ''Al Madinah'' in 1958, and its headquarters was moved to Jeddah in the early 1960s. On 18 January 1964 ''Al Madinah'' was banned by the Lebanese Information Ministry due to its reports which were considered to be harmful to Lebanon's reputation and national consciousness. It has offices in Dubai and Cairo, in addition to 18 branches inside Saudi Arabia. At the beginning of the 2000s ''Al Madina'' sold 46,370 copies; i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Faisaliah Group
The Al Faisaliah Group ( ar, مجموعة الفيصلية), is a Saudi-based conglomerate established in 1970. Its name is derived from the name of its founder, Abdullah Al Faisal, eldest son of the late King Faisal. Al Faisaliah Group includes 13 subsidiaries divided into several business units: * Food and beverage – Al-Safi Danone dairy products; Alfa Co For Operation Services Ltd. meat products and restaurants * Consumer Electronics – Medical, Measurement and Media Equipment, IT and Communications (IT networking and consulting), Internet service provider and FBTC Security Systems * Entertainment and Multimedia – Joint ventures with companies such as SONY, SAP AG, Cisco Systems, * Specialty Chemicals –Represents the regional interests of Bausch and Lomb. In 2005, the company reported revenue of about $800 million and had over 5000 employees. Subsidiary Alfa Co For Operation Services Ltd. was created in 2003 to develop Al Faisaliah Group food servi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Bilad Bank
Bank Albilad ( ar, بنك البلاد) is an Islamic Saudi bank established in 2004. History Bank Albilad is a Saudi joint stock company, headquartered in Riyadh. In May 2022 its shareholders approved an increase in capitalization to 10 billion Saudi Riyals through a 1-for-3 issue of shares. Enjaz Banking Services is the remittance department of Bank Albilad. In February 2021, Nasser Mohammed Al-Subeaei was appointed chairman of the board of directors and Fahd Abdullah Bindekhayel as Vice Chairman. Services Bank Albilad offers sharia compliant products and services. The bank provides retail banking products, business products, investment products through the bank investment arm “Albilad Capital ”, international remittance services through the bank Remittance Arm “Enjaz ”. Board of Directors * Nasser bin Mohammed Al-Subeaei. (Chairman of the Board of Directors) * Adeeb Mohammed Abanumai. (Vice Chairman of the Board) * Zeyad Othman Alhekail. (member) * Abdulaziz Moha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeddah
Jeddah ( ), also spelled Jedda, Jiddah or Jidda ( ; ar, , Jidda, ), is a city in the Hejaz region of the Kingdom of Saudi Arabia (KSA) and the country's commercial center. Established in the 6th century BC as a fishing village, Jeddah's prominence grew in 647 when the Caliph Osman made it a major port for Indian Ocean trade routes, channelling goods to Mecca, and to serve Muslim travelers for Islamic pilgrimage. Since those times, Jeddah has served as the gateway for millions of pilgrims who have arrived in Saudi Arabia, traditionally by sea and recently by air. With a population of about 4,697,000 people as of 2021, Jeddah is the largest city in Makkah Province, the largest city in Hejaz, the second-largest city in the Saudi Arabia (after the capital Riyadh), and the ninth-largest in the Middle East. It also serves as the administrative centre of the OIC. Jeddah Islamic Port, on the Red Sea, is the thirty-sixth largest seaport in the world and the second-largest and s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Baik
Albaik ( ar, البيك, and stylized in all caps) is a Saudi fast food restaurant chain headquartered in Jeddah, Hejaz that primarily sells broasted and fried chicken with a variety of sauces. It is Saudi Arabia's largest restaurant chain. Albaik currently has a trade name in 80 countries. The chain was founded by Shakour Abu Ghazalah, a Saudi entrepreneur, who began selling fried chicken in 1974. The restaurant was located on Old Airport Road in Jeddah. Albaik was registered as a trademark in Saudi Arabia in 1986. In December 2020, Albaik opened two branches in Bahrain, marking the first time the chain expanded outside of Saudi Arabia. Albaik popularized chicken in the fast-food industry, especially in the Muslim world, since it sells Halal (permissible) food. Albaik has more than 40 branches in Jeddah where it is headquartered: ten in Mecca, eight in Medina, two in Buraydah, one in Unaizah, one in Taif, one in Yanbu, one in Riyadh, one in Al Qunfudhah, one in Al Lith, and on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khobar
Khobar ( ar, ٱلْخُبَر, translit=al-Khobar) is a city and governorate in the Eastern Province of the Kingdom of Saudi Arabia, situated on the coast of the Persian Gulf. With a population of 457,748 as of 2017, Khobar is part of the 'Triplet Cities' area, or Dammam metropolitan area along with Dammam and Dhahran, forming the residential core of the region. The city was founded alongside Dammam by the Dawasir who moved there in 1923 fearing British persecution with the permission of King Abdulaziz Al Saud. Khobar experienced rapid growth during and after the discovery of oil in Saudi Arabia as it served as the port for the oil exports of Saudi Aramco in the company's early days. Traditionally, Khobar has also been a city of shopkeepers and merchants, and today has several shopping malls in and around it. The city is the newest in the Dammam metropolitan area, facing the Persian Gulf with its 16-km long Corniche Road, which runs parallel to the city's eastern coast. Khobar i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ahmad Hamad Al Gosaibi & Brothers
Ahmad Hamad Al Gosaibi & Brothers (A. H. Al Gosaibi & Bros. or AHAB or Al Gosaibi Group) is a family owned Saudi business group, formed by Hamad Ahmad Al Gosaibi in the late 1940s. It was originally a trading company offering money exchange services in the growing coastal town of Al Khobar. His three sons, Ahmad, Abdulaziz and Sulaiman (all three are deceased), came together to establish “Ahmad Hamad Algosaibi and Bros.” also known as AHAB. The company expanded its operations to include the world's most lucrative Pepsi Cola bottling franchises, oilfield services for oil giant Aramco, Real Estate, Hospitality, Food & Beverages and investments in Banking, Insurance, Shipping, Trading, Finance, and Manufacturing, reorganizing it into a holding company and, in the process, built it into among the most respected business houses in the Middle East. AHAB is a general partnership, owned by the heirs of the three founding Al Gosaibi brothers. Sulaiman the youngest of the three foundin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advanced Electronics Company Limited
Advanced Electronics Company (AEC) is a limited liability company in Saudi Arabia that was established in 1988 under the Economic Offset Program as per the directives of the government of Saudi Arabia. AEC is a regional organization specializing in the field of modern electronics. Acquisition by Saudi Arabian Military Industries In December 2020, the Saudi Arabian Military Industries (SAMI) fully acquired AEC, making it a 100% Saudi-owned company. The deal shall strengthen SAMI's presence in the defense industries market. It is the largest military industries deal ever concluded in Saudi Arabia. In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC. See also * Prince Sultan Advanced Technology Research Institute Prince Sultan Advanced Technology Research Institute (PSATRI, Arabic: معهد الأمير سلطان لأبحاث التقنيات المتقدمة, ''Ma'ahad Al-Amir Sultan le-abhas al-taqniat al-motaqaddemah'') is an independent scientific org ... - a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riyadh
Riyadh (, ar, الرياض, 'ar-Riyāḍ, lit.: 'The Gardens' Najdi pronunciation: ), formerly known as Hajr al-Yamamah, is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. It is the largest city on the Arabian Peninsula, and is situated in the center of the an-Nafud desert, on the eastern part of the Najd plateau. The city sits at an average of above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Riyadh had a population of 7.6 million people in 2019, making it the most-populous city in Saudi Arabia, 3rd most populous in the Middle East, and 38th most populous in Asia. The first mentioning of the city by the name ''Riyadh'' was in 1590, by an early Arab chronicler. In 1737, Deham Ibn Dawwas, who was from the neighboring Manfuha, settled in and took control of the city. Deham built a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
