Saudi ministry names violator for selling non-compliant electrical products in Khamis Mushait
Inspection teams from the ministry discovered 125 non-compliant electrical extensions offered for sale at the establishment during routine field visits in Khamis Mushait.
A final ruling by the Court of Appeals in the Asir region imposed a financial penalty, ordered the closure of the business for three days, and mandated the confiscation and destruction of the fraudulent items.
The verdict was also published at the violators' expense.
The Ministry reaffirmed its commitment to enforcing the law and taking action against violators. Penalties under the Anti-Commercial Fraud Law may include up to three years in prison, fines of up to SR1 million, or both, in addition to public naming of offenders.
© Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 hours ago
- Zawya
Stc Group achieved a net profit of one million riyals, a 13.38% increase for the six-month period compared to the same period last year
Riyadh, Kingdom of Saudi Arabia - stc today announced the company's preliminary financial results for the period ending at 30 June 2025: Revenues for the 6 months period of 2025 reached 38,660 million with an increase of 2.09% as compared to the comparable period last year. Gross Profit for the 6 months period of 2025 reached 18,658 million with an increase of 6.61% as compared to the comparable period last year. Operating Profit for the 6 months period of 2025 reached 7,207 million with an increase of 2.28% as compared to the comparable period last year. Earnings before Interest, Taxes, Zakat, Depreciation and Amortization (EBITDA) for the 6 months period of 2025 reached 12,289 million with an increase of 6.10% as compared to the comparable period last year. Net Profit for the 6 months period of 2025 reached 7,472 million with an increase of 13.38% as compared to the comparable period last year. stc distributes 0.55 per share for the 2nd quarter of 2025, in accordance with the dividends distribution policy approved by General Assembly. Commenting on the results, Eng. Olayan Alwetaid, CEO of stc Group, stated that the Group continued to deliver excellent performance through its commitment to its strategy and success in capitalizing on available opportunities within the ICT sector. He pointed out that the focus on financial discipline and improving the efficiency of capital management were key factors in supporting business stability, enhancing the Group's readiness to adapt to changes, and expanding into future growth avenues with confidence and sustainability. This was reflected in the Group's financial performance, as stc achieved revenue growth of 2.1% during the first six months of the year, and an increase in gross profit by 6.6%, compared to the same period last year. Additionally, the Cost Efficiency Program contributed effectively to enhancing operational and financial efficiency, which positively impacted the company's performance, resulting in EBITDA growth of 6.1% with an increase in EBITDA margin by 3.9% to reach 31.8%, which in turn led to a notable increase in net profit by 13.4%, reaching 7.5 billion. The GCEO also emphasized that the growing demand for the Group's services is a testament to the community's trust in the efficiency of its digital solutions. This was demonstrated by the number of STC Bank customers surpassing three million within a short period since its launch at the beginning of 2025, reflecting the accelerated growth in the adoption of digital banking services and embodying the Group's growing role in developing the financial services sector. Furthermore, the GCEO praised the tremendous efforts made by the Kingdom to provide a safe and comfortable environment for pilgrims and its continuous dedication to facilitating Hajj rituals and enhancing the quality of services provided to pilgrims. He also affirmed stc Group's dedication to contributing to the success of the Hajj season through the deployment of the latest technologies and digital solutions, including advanced AI solutions, which the Group implemented to boost network efficiency within the holy sites. During the season, the Group provided record internet speeds serving more than 1.6 million pilgrims and provided services to 1.49 million stc network users, which led to exceptional results, as stc's network recorded the highest traffic hour in its history in Muzdalifah, with a 64% increase in data usage and a 129% surge in 5G network traffic compared to the previous year. Meanwhile, the user experience index rose by 25%, underscoring the network's ability to support one of the world's most significant mass crowd movements. As part of its efforts to expand coverage and provide high-speed connectivity in both urban and remote areas to bridge the digital divide and ensure the delivery of reliable high-quality communication services, stc's 5G network now covers more than 9,500 sites across the Kingdom. The Group has also continued to enhance its network technically by activating the low-frequency spectrum (600 MHz – N71) recently acquired, becoming the first operator in the region to activate this band commercially. This enables users in peripheral areas to access advanced communication services and high-speed connections, thanks to its superior coverage and penetration capabilities. In addition, stc has adopted the 5G standalone technology, which allows full utilization of advanced 5G features such as reduced latency and customized service quality through network slicing. This marks a pivotal step in enabling many vital sectors and strengthening the Kingdom's position in adopting and developing cutting-edge global technologies. In line with its commitment to maintaining its leadership in the fields of telecommunications and information technology, stc Group signed several strategic agreements over the past period. In the field of cloud computing, the Group signed a partnership agreement with Oracle for a value of more than 2 billion, aimed at accelerating digital transformation across the Kingdom, through the development of advanced AI-powered cloud infrastructure and the provision of sovereign cloud solutions via the Oracle Alloy platform, hosted at center3's data centers. Additionally, stc signed a strategic partnership with Singtel Group to collaborate across several areas, including digital platform integration, developing human capabilities, IoT solutions and expansion of subsea cable systems. These partnerships contribute to strengthening stc's position as a comprehensive digital provider across the region. Finally, stc Group released its sixth Sustainability Report for the year 2024, which showcases the progress made across sustainability, environmental and social responsibility, and governance. The report also highlights the Group's efforts to enhance environmental performance and human capital development through digital innovation and upholding the principles of effective governance and ethical excellence. In recognition of these efforts, stc's ESG rating was upgraded from 'BBB' to 'A' in the latest MSCI ratings, reflecting the Group's commitment to adopting the highest local and international sustainability standards and practices. These initiatives reaffirm the Group's role as a key enabler of the national economy by supporting job creation, business growth, talent and skill enhancement, community well-being and the advancement of digital infrastructure. stc Group remains committed to advancing its sustainability efforts and continuing to maximize its positive impact on society, the environment and the economy by adopting sustainability principles across its various business areas.
Zawya
3 hours ago
- Zawya
JLL completes landmark sale of Antara Residential Compound in Riyadh, showcasing expertise in transactional excellence
The success of this unique investment opportunity underscores the asset's strategic value in Riyadh's dynamic residential market Riyadh, Saudi Arabia – JLL Capital Markets has successfully advised a prominent Saudi Arabia-based fund on the sale of Antara Residential Compound, a premier expatriate-focused residential development in Diriyah, North Riyadh. The completion of this transaction marks one of the most significant residential real estate deals in Riyadh this year, reflecting JLL's in-depth local market knowledge and its unparalleled expertise in facilitating complex transactions in the Kingdom's dynamic market landscape. As the exclusive sell-side advisor, JLL executed a targeted institutional marketing campaign that showcased this unique, sizeable investment opportunity to acquire a best-in-class residential compound. This generated substantial interest from numerous pre-qualified bidders through a highly competitive sales process. Such robust demand reflects the client's development expertise and underscores the asset's strategic value in Riyadh's residential market, which faces a significant shortage of similar quality living options. Designed as a Mediterranean-inspired resort with exceptional facilities and high-quality amenities, Antara Residential Compound offers 520 units comprising apartments, townhouses, and villas. The highly sought-after residential compound provides a range of in-house amenities, including F&B offerings, sports facilities, lush green spaces, and an extensive events calendar. Fadi Moussalli, Senior Director, Capital markets MENA at JLL, said: 'We are delighted to have successfully supported our client on this strategic transaction, which generated strong market interest and testifies to our client's outstanding asset management capability. Leveraging our deep expertise and local market knowledge, we connected prominent investors, underscoring JLL's ability to orchestrate competitive sales processes in Saudi Arabia's rapidly expanding residential market. The professionalism and integrity of the purchaser were instrumental in ensuring the smooth execution of this transaction and it was a pleasure to collaborate with our client's legal counsel, Hourani & Partners, on this market-shaping acquisition. Saud Alsulaimani, Country Lead and Head of Capital Markets for Saudi Arabia at JLL, stated: "This transaction highlights the ongoing demand for quality, income-generating assets and the strength and resilience of Saudi Arabia's premium residential market. The trend towards prioritizing quality and the limited availability of prime assets are driving robust demand. The Kingdom's Vision 2030 agenda has fostered an attractive long-term investment landscape, increasing interest in high-quality properties like the Antara Residential Compound. This successful transaction further reinforces JLL's position as a trusted advisor and partner in the Saudi real estate market." Completed in 2022, Antara Residential Compound witnessed high and stabilized occupancy across a diverse tenant mix, with best-in-class, cost-efficient, and streamlined operations. The property is strategically located in Diriyah, between two of the city's most exciting and significant giga-projects, with the New Murabba located to the North and the Diriyah Gate development to the South. The property also benefits from its strategic proximity to major city landmarks, such as the King Abdullah Financial District (KAFD), King Khalid International Airport, and Riyadh Downtown. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, whether investment, sales or equity advisory. About JLL For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit About JLL MEA Across the Middle East and Africa (MEA) JLL is a leading player in the real estate and hospitality services markets. The firm has worked in 35 countries across the region and employs over 2000 internationally qualified professionals across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar, Cairo, Casablanca, Cape Town, Johannesburg and Nairobi. For further information, visit Media Contact: Medha Sandrasagara JLL MEA Reem AlTajer | Janine Alamir Burson |
Zawya
3 hours ago
- Zawya
Jisr concludes its 10th Edition of Majlis in Makkah
Mr Hisham Ismail, Chief HR Officer at Sala Addressed the Need to Redefine the Stereotypes Surrounding Career Transitions RIYADH - Saudi Arabia's leading HR technology startup, Jisr, hosted its tenth edition of its flagship initiative, Majlis, in Makkah on July 22. First launched in Riyadh in 2024, the Majlis platform has welcomed over 3,000 attendees from various industries, as well as more than 200 leaders in HR and executives from both the public and private sectors. Past sessions have featured notable speakers, including Mr. Sultan Al-Sahmah, Mr. Naif Al-Faheid, and Mr. Abdulrahman Al-Akhdar, among other distinguished guests who have contributed to shaping high-level conversations on workforce transformation. The event's continued growth mirrors Jisr's rapid ascent in the Saudi tech landscape. In 2023, the company secured a $30 million Series A funding round led by Merak Capital, marking a significant milestone in its mission to modernise HR operations across the Kingdom. This investment will accelerate Jisr's product development and reinforce its role as a key contributor to the digital transformation in human capital. This edition of Majlis is particularly notable as it marks the first time the event has been hosted within a client's headquarters, with Sala welcoming Jisr to their newly opened Makkah HQ. Sala, a fellow Saudi startup, offers a powerful workplace model - exemplifying talent migration by attracting professionals from Riyadh to the western region. By exploring the experience of hosting Majlis outside of the central business cores, this highlights Jisr's commitment to promoting significant dialogue across all areas in Saudi. The event also further strengthens Jisr's presence with potential clients in Makkah as well as influential local organisations such as AlBaik and Saudi National Bank (SNB). Sala's proactive partnership in hosting the Majlis reflects not only their dedication to cultivating strong HR practices, but also the growing prestige of the initiative itself. In addition to exploring employee engagement strategies, the dialogue touched up on the impact of workforce migration – both within and beyond Saudi Arabia – and its implications for talent pipelines, organisational development, and policy planning. About Jisr Jisr is a Saudi Arabian human resources (HR) management platform, specifically a software-as-a-service (SaaS) solution, founded in 2016. It offers a comprehensive HR ecosystem, including core HR functions, payroll management, recruitment, and more, all within a single platform. Jisr aims to streamline HR operations, enhance compliance with Saudi labor laws, and support organisational growth through technology.
