Saudi Arabia
June 2020

Saudi petrochemical giant Sabic has established a joint venture company – Advance Energy Storage System Investment Company -- to build one of the world’s biggest utility-scale battery factories.






June 2020

Saudi Dairy Foodstuff Company (Sadafco) has seen “minimal impact” so far of the coronavirus pandemic on its finances despite the overall decline in consumer spending, the company said in a Zawya report.






June 2020

Saudi Agricultural & Livestock Investment Company (Salic) said it has acquired a stake in Daawat Foods Limited (a subsidiary of LT Foods) through its subsidiary United Farmers Investment Company. The transaction in DFL entails acquisition of 29.81 per cent stake of India Agri Business Fund, sponsored by Rabobank and 0.






June 2020

Saudi Aramco and Saudi Basic Industries Corporation (Sabic) are moving forward with their plans of building a mega petrochemicals complex in Yanbu. The decision demonstrates their commitment to their long-term goal of expanding the kingdom’s downstream sector, said an expert.






June 2020

Saudi Arabia-founded Arabian Geophysical and Surveying Company (Argas), one of the largest seismic acquisition company in the Middle East and North Africa (Mena), is planning to expand its business internationally, further building on a strong track record which has made it a leading regional success story in the oil and gas field services industry






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