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ACWA Power announces 2 million share buyback and 8.3% dividend for 2022

RIYADH: Shareholders of Saudi energy firm ACWA Power have approved the buyback of 2 million shares. The decision was taken during the extraordinary general meeting held on June 22. According to the company’s disclosure to the Saudi Stock Exchange, the shares will be utilized in the employee stock incentive program. In addition, the buyback is to be financed from the firm’s resources, ACWA Power revealed. The board of directors will complete the buyback within 12 months from the EGM date.
sport

Bernhard Langer, 65, sets new record with US Senior Open win

STEVENS POINT, Wisconsin: Bernhard Langer won the US Senior Open on Sunday at SentryWorld to break the PGA Tour Champions’ career victory record. Pushing his record as the oldest winner on the 50-and-over tour to 65 years, 10 months, 5 days, the German star broke a tie with Hale Irwin for the victory mark with No. 46. Seven strokes ahead on the back nine, Langer bogeyed the final three holes for 1-under 70 and a two-stroke victory over home-state favorite Steve Stricker on the tree-lined course with thick rough.
sport

“Fowler dominates Rocket Mortgage Classic at 20 under, aiming to break drought”

DETROIT: Rickie Fowler has put himself in a position to win a PGA Tour title again. He’s hoping to take advantage for a change. Fowler birdied six of his last eight holes Saturday to surge into the Rocket Mortgage Classic lead at 20 under, giving him another chance to end a four-year PGA Tour victory drought. “I’m not scared to fail,” said Fowler, who had an 8-under 64 to take a one-stroke lead over Adam Hdwin at Detroit Golf Club. “I’ve dealt with plenty of that.” Indeed.
sport

Juventus signs US winger Weah on five-year contract

TURIN, Italy: US winger Tim Weah completed a transfer to Juventus on Saturday, fulfilling a dream his father once had of playing for the storied Italian club. The 23-year-old Weah, who is the son of former FIFA Player of the Year and current Liberian President George Weah, signed a five-year contract with Juventus on the day the transfer market opened in Italy.
Business

Turkey to increase central bank’s foreign reserves to counter lira depreciation

RIYADH: Turkiye is intensifying efforts to boost foreign reserves in its central bank, the country’s finance minister has revealed. Writing on Twitter, Mehmet Simsek said the bank’s net international reserves rose to a record $8.5 billion last week. “The return to rational policies will continue gradually,” the minister wrote, adding: “We are accelerating our efforts to obtain additional foreign resources to our country in order to further strengthen the reserves.”
sport

Women Cricketers Demand Better Pay and Equal Rights

It would be a surprise if any of the spectators at Trent Bridge, Nottingham, were not highly impressed by the quality of cricket played by the women chosen to represent England and Australia over five days between June 22 and 26. Women’s cricket has taken a long time to emerge from the shadows of the men’s game. After this match, any lingering doubts about its quality and appeal have surely been dispelled.
sport

Smith dominates 200m backstroke, Weinstein stuns Ledecky in 200 freestyle

LOS ANGELES: Regan Smith, shaping up for a World Championships showdown with Australian Kaylee McKeown, clocked a blistering 2min 03.80sec to win the 200m backstroke at the US swimming championships on Wednesday. Smith, whose previous world record was broken by McKeown in March with a time of 2:03.14, showed again that her move to train with coach Bob Bowman — former mentor of Michael Phelps — — was paying off.
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