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Maha Al-Jehani recently joined NEOM as a project specialist. She will be responsible for managing a number of digital programs including site launches, online tools, and documentation while maintaining a focus on recording the journey of the megacity, in northwest Saudi Arabia. Between July 2020 and February, she worked at Panda Retail Co.
After listed companies on the Saudi Stock Exchange, Tadawul, posted earnings, Arab News studied the income statements of three food retailers and one fashion chain. Only Alhokair, predominantly a clothing chain, boosted profits. Rising sales at Alhokair saw annual profits jump 75 percent to SR1,311 million. A fall in depreciation and amortization was also a factor due to store
Savola Group establishes CVC arm with two investments Saudi Arabia-based food and retail conglomerate Savola Group has established a corporate venture capital (CVC) arm and has completed two investments so far this year. The first was in UAE-based Lyve, formerly One Click Delivery Services, in which Savola led in its Series B investment round. The second was the full acquisition of Saudi- based e-grocery pureplay, Lilbab, Panda Retail Company, which was rebranded as PandaClick in 2020. The transactions were funded from internal cashflows and the amount of investments were undisclosed. The com...