
Americana board to approve H1 2025 financials on July 29
The board's decision will be disclosed in due course.
According to data available with Argaam, Americana reported a net profit of SAR 122.4 million in Q1 2025, a 17% increase from SAR 105.1 million a year earlier.
Hashtags

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


Arab News
4 hours ago
- Arab News
Barq surpasses 7m users in first year of launch, with SR73bn worth transactions
In a development that reflects the Kingdom's rapid shift toward a cashless economy, Barq, a digital payments application, has recorded exceptional performance in its first year of operation. The number of its users has surpassed 7 million, representing 150 nationalities from around the globe. The app has encompassed a wide range of digital payments and money transfers, contributing effectively to advancing the Kingdom's non-cash economy objectives. In its first year, Barq issued more than 6.5 million digital payment cards, enabling users to conduct their transactions with ease and security. The app offers banking services through an advanced digital platform tailored to meet the needs of individuals as well as small and medium-sized enterprises, providing innovative payment solutions under a license granted by the Saudi Central Bank. Since its launch in July last year, the app has processed over 500 million financial transactions, with a total transaction volume reaching SR73 billion ($19.4 billion), cementing its position as the fastest-growing digital wallet in the Kingdom and one of the leading success stories in the digital financial transformation aligned with the Saudi Vision 2030 goals. Barq has also strengthened its international presence through strategic partnerships, facilitating payments for visitors and residents from outside the Kingdom. This initiative supports the digital tourism sector and contributes effectively to the objectives of the Financial Sector Development Program and Vision 2030, by fostering a digitally empowered society and an innovation-driven economy. With a clear vision for empowering individuals and businesses, Barq continues to shape the digital payments landscape in the Kingdom, playing a vital role in realizing the Vision 2030 aspiration of building a thriving cashless society.


Arab News
5 hours ago
- Arab News
Buzz grows around Tabuk honey festival
Riyadh: The third annual Honey and Agricultural Products Festival in Tabuk attracted participation from more than 45 farmers and beekeepers, as well as several government, private, and nonprofit entities, the Saudi Press Agency reported on Saturday. The five-day event at Prince Fahd bin Sultan Park was organized by the regional branch of the Ministry of Environment, Water and Agriculture. Amjad bin Abdullah Thlab, director general of the ministry's Tabuk branch, said the festival served as 'a unique platform combining agricultural awareness with the promotion of local honey products.' He added that the festival was intended to 'enhance collaboration among farmers, beekeepers, and support entities, while providing marketing opportunities for participants to showcase their products to visitors and consumers.' The festival featured an interactive Young Beekeeper section, which introduced children to beekeeping tools and basic agricultural concepts. The Cooperative Association of Beekeepers in Tabuk also took part, highlighting the development of the beekeeping profession in the Kingdom. It showcased the latest equipment and practices in the sector, including local, traditional, and modern beehives, and traced the evolution of beekeeping from ancient to modern times. There was a wide range of apiary tools, beekeeper clothing, honey sorting mechanisms, and modern packaging on display, offering a comprehensive look at the industry. Meanwhile, the ministry deployed two specialized mobile units to 'support beekeepers and enhance honey quality — a mobile clinic for honey testing and a vehicle for sorting and marketing honey,' the SPA reported. These initiatives are part of ongoing efforts to empower beekeepers, strengthen agricultural value chains, and boost national food security, the SPA added. The festival also marked the launch of a new project to support honey processing and marketing. It includes assistance with sorting, packaging, branded labeling, and an e-platform to promote products and link them to their geographic origins. The Tabuk municipality, through its food safety lab, set up a promotional booth at the festival to promote food literacy among visitors. The team conducted olive oil acidity tests and used High-Performance Liquid Chromatography to verify honey quality. Pesticide residue tests for fruit were also offered. The booth also featured material educating visitors on food toxins and food-borne bacteria, along with guidance on the safe handling and storage of honey, olive oil, and pickles.


Arab News
a day ago
- Arab News
Wesal program looks to empower expats with work-based Arabic-language skills
RIYADH: The King Salman Global Academy for Arabic Language launched its Wesal program on Thursday. Wesal is an educational initiative intended to help non-native speakers working in Saudi Arabia's public and private sectors. The program aims to provide linguistic training opportunities within institutional training plans, as part of the academy's initiatives to 'empower the Arabic language in professional and organizational contexts,' according to a statement. The three-month program will be held at the academy's headquarters in Riyadh, with a flexible schedule tailored to accommodate participants' work hours and commitments. Abdullah Al-Washmi, secretary-general of the KSGAAL, told Arab News: 'The Wesal program represents a qualitative step in activating the Arabic language and strengthening its presence in professional and practical fields across the public and private sectors, reflecting the academy's role in developing multilingual work environments within the Kingdom. 'Through Wesal we seek to equip a wide segment of non-Arabic-speaking professionals with functional language communication tools, enhancing their performance and deepening their connection to the national culture and identity. This program underscores the academy's commitment to its educational and developmental responsibilities, as well as its role in supporting the objectives of Saudi Vision 2030 and the Human Capability Development Program,' he continued. The program covers aspects of the Arabic language focusing on key skills that support the functional use of Arabic in professional settings. It also includes content intended to enhance trainees' ability to perform their tasks efficiently within the context of Saudi culture, Al-Washmi explained. The new program is part of the academy's mission to consolidate the Arabic language and enhance its use across all fields of knowledge and communication, he added. Saad Al-Qahtani, head of the Educational Programs Sector at KSGAAL, told Arab News that the Wesal program offers communicative and functional content relevant to the real world of the workplace. It focuses on teaching Arabic in realistic administrative and professional contexts, away from traditional curricula of a general or academic nature, he said, and is based on a curriculum developed by the Common European Framework of Reference for Languages, but adapts activities and vocabulary to serve functional communication skills, such as writing official mail, handling administrative forms and participating in and managing meetings, while incorporating local administrative and cultural terminology. According to Al-Qahtani, the program adopts an initial language diagnostic mechanism to determine trainees' levels, in addition to gradually adapting the content to suit different levels. The design of language activities also takes into account the use of visual and contextual methods, employing intermediate language when necessary, and providing examples from diverse work environments to ensure greater inclusiveness and flexibility. Although the program has not yet received official accreditation from the relevant authorities in the Kingdom, its reliance on the CEFR framework aligns it with international best practices and paves the way for its future adoption as a recognized professional standard in the Saudi labor market, Al-Qahtani said. Bandar Al-Jasir, executive partner at public relations firm Syaq, told Arab News that he expects Arabic proficiency to become a seriously considered element in professional assessment, especially for positions that require deeper engagement with the local audience. Al-Jasir said that Saudi Arabia is leading efforts to build 'culturally aware artificial intelligence tools' and that the 'next challenge' is to ensure that these tools enhance the richness of the Arabic language, with human verification remaining a key element. The priority for business solutions, he believes, should be the Arabization of operating systems and user interfaces, the provision of effective language training programs, and the development of smart tools that handle Arabic with contextual awareness. Using Arabic internally naturally enhances corporate identity, according to Al-Jasir, who added that the 'real challenge' facing the Arabic language today is to preserve it in everyday conversation, particularly since English is becoming ever more widely used in 'informal business communication.'