https://arab.news/gp7dn
RIYADH: The Social Development Bank has signed a SR1.1 billion ($293 million) financing agreement with the ride-hailing firm Careem to provide 7,500 job opportunities for Saudi drivers.
As per the agreement, SR150,000 in financing will be offered for each driver’s vehicle, in low instalments for a period of three years, Alarabiya reported.
During the year 2021, Careem stated that Saudi drivers completed around 250 million trips, with profits exceeding SR430 million.
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
