Taqa Arabia explores gas distribution in Saudi Arabia
Qalaa Holding subsidiary Taqa Arabia will explore ways to develop and operate gas transport services in Saudi Arabia after signing an MoU with the Natural Gas Distribution Company. The Saudi company said the agreement, signed on 6 September, is aimed at supporting its expansion plans and boosting profitability, in a disclosure to the Saudi stock exchange.
Medical training startup 5 Quarters has raised an undisclosed seed round from a Saudi angel investor, according to a press release picked up by Wamda. The company will use the funds to grow its footprint in Saudi Arabia and add new services to its platform, it said. The company, founded in 2016, offers online courses taught by certified professionals for doctors, dentists, pharmacists, and physiotherapists. It says it has c. 15k customers across Egypt, Saudi Arabia, Libya, Iraq, the UAE, Tunisia, and Jordan.
Other things we’re keeping an eye on this morning:
- The Financial Regulatory Authority has revoked the licenses of both Al Ahly Financial Investments Management and Al Nahda Holding for Financial Investments, without disclosing any further details. (EGX bulletin, pdf | pdf)
- The Grand Mufti approved the Giza criminal court’s decision to sentence to death Egyptian judge Ayman Haggag and his accomplice Hussein Al Gharabli for the murder of the Haggag’s wife, TV presenter Shaimaa Gamal. (Al Masry Al Youm)