
GCC Secretary-General Meets with Chinese Ambassador to Saudi Arabia
During the meeting, they discussed several topics related to enhancing relations between the two sides, including the latest developments in the negotiations for a free trade agreement between the GCC and China, SPA reported.
They also reviewed progress on the joint action plan between the GCC and China for the 2023–2027 period, as well as exchanged views on the latest regional and international developments.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Argaam
15 minutes ago
- Argaam
First Mills expects gradual demand uptick in Q3: CEO
First Milling Co. (First Mills) expects demand to improve gradually in Q3 2025 as markets resume normal activity after the summer, supported by growth in the food sector and continued strong demand for flour products, CEO Abdullah Ababtain told Argaam in an interview. He said that the company will maintain its focus on cost control, sustainable growth, and profitability. Ababtain noted that ongoing government support provides a stable environment for precise financial and operational planning, enhances the competitiveness of First Mills' products in the local market, and enables continued investment in efficiency and future projects. Despite seasonal revenue pressure due to the absence of Ramadan sales, the company achieved higher net profit, supported by strong cost management and improved operating margins, the CEO noted. Flour sales rose 5.7%, driven by strong demand for small-size packages across wholesale and retail channels, Ababtain said, adding that the company also expanded distribution of value-added small packs with higher margins. Bran and feed segments witnessed seasonal demand declines during spring, Ramadan, and rain periods, an annual trend. However, the impact was limited by solid demand for other product lines. Ababtain added that this temporary drop is unlikely to persist, as demand gradually recovers and prices improve, especially in the bran segment, which showed positive signs by quarter-end. He noted that the flour and baked goods market remains highly competitive. Still, First Mills preserved performance through product diversification and greater operational efficiency, which supported strong profit margins. The company has a clear strategy to expand its product range and develop value-added offerings to strengthen its market position.


Argaam
4 hours ago
- Argaam
Rasan unit wins tender to provide insurance products for domestic workers via ‘Musaned'
Rasan Information Technology Co. 's subsidiary Tameeni E-Insurance Broker Co., received a notification of award for the tender to provide insurance products for domestic workers through the Musaned platform, which is developed and operated by Takamol Holding. Service delivery will commence following the signing of the contract with Takamol Holding and the completion of the necessary procedures, the company said in a statement to Tadawul. The company expects this contract to have an impact exceeding 5% of the total revenue of Rasan, based on the latest audited annual financial statements. The contract is anticipated to be signed on Aug. 15, 2025, the statement added, indicating that the deal covers providing mandatory insurance products for domestic workers through the Musaned platform. The project aims to enhance the insurance protection framework for contracts concluded with domestic workers by offering a comprehensive insurance product that provides the mandatory coverage in accordance with applicable regulations and legislations, and in alignment with the standardized format of the compulsory insurance policy for domestic labor contracts. No related parties included in the deal. The company further noted that Musaned is one of the initiatives of the Ministry of Human Resources and Social Development. It aims to regulate and facilitate domestic labor recruitment services. The platform is developed and operated by Takamol Holding. According to data available on Argaam, the company's revenue stood at SAR 358.33 million in 2024, of which 5% represents SAR 17.91 million.


Argaam
20 hours ago
- Argaam
Signworld issues prospectus to float 1.5M shares on Nomu
National Signage Industrial Co. (Signworld) issued today, July 27, the prospectus to float 1.5 million shares, or 20% of capital, on the Nomu -Parallel Market. The company will offer 1.5 million shares, equal to 25% of pre-offering and 20% of post-offering capital, to qualified investors. For More IPOs The share sale will run from Aug. 17-24. The Capital Market Authority (CMA) approved, in March, the company's application for direct listing on Nomu. Signworld's core business involves the design, manufacturing, and assembly of electronic panels and displays for various applications, in addition to installation and maintenance services. It operates through three branches. Company Profile Company National Signage Industrial Co. (Signworld) Core Activities Manufacturing and sale of feed products Market Nomu-Parallel Market Pre-IPO Capital SAR 60mln Number of Shares 6 mln Post-IPO Capital SAR 75 mln New Number of Shares 7.5 mln Nominal Value SAR 10 a share IPO Summary Issue Percentage 20% of post-IPO capital, 25% of pre-IPO capital Offered Shares SAR 1.5 mln IPO Minimum Limit 10 shares IPO Maximum Limit 374,990 shares Offer Period Aug. 17-24, 2025 Final Allocation Aug. 27, 2025 Surplus Refund (If any) Aug. 31, 2025 Company Shareholders Shareholders Before IPO After IPO Number of Shares (mln) Ownership (%) Number of Shares (mln) Ownership (%) Al Mohandes Holding Group 6.00 100.00 % 6.00 80% Qualified investors -- -- 1.50 20% Total 6.00 100 % 7.50 100%