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Riyadh Cables, a leading manufacturer of wires and cables in Saudi Arabia, has achieved strong profitability growth in FY2023, increasing the bottom-line by 47% to hit SAR518 million ($138 million) mainly led by unwavering cable demand.
The value of private sector investments in portfolio companies and projects affiliated with the Public Investment Fund (PIF) amounted to $25.6 billion as of Q3 2023, announced Governor Yasser al-Rumayyan. Rumayyan was speaking at the second edition of the PIF Private Sector Forum, which began on Tuesday at the King Abdulaziz International Convention Center in Riyadh, aiming to strengthen partnerships and showcase opportunities for local cooperation in strategic sectors.
Saudi-based Riyadh Cables Group said it has entered into
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