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Saudi Arabia launches three initiatives to boost climate action

Saudi Arabia weighs World Cup 2030 bid with Egypt, Greece

A Saudi bid to host the World Cup would add to the list of sporting events the world’s largest oil exporter is hosting

Saudi

Saudi Arabia wealth fund raises $17bn loan for refinancing

Public Investment Fund raised the seven-year loan from a syndicate of 25 banks in Europe, the US, the Middle East and Asia

Saudi Arabia based NHC redefining the local real estate landscape

How Saudi Arabia is resetting its real estate landscape brick by brick

Saudi Arabia-based National Housing Company is helping redefine the local real estate landscape, their CEO Mohammed Bin Saleh Albuty, tells us more about it

Informa

Saudi PIF-backed EV firm secures site for Foxconn project

Construction on the site, which is near a major Red Sea trading port, will start early next year

Saudi Arabia

Saudi Crown Prince announces masterplan for new airport in Riyadh

The airport is expected to accommodate up to 185 million passengers and process 3.5 million tons of cargo by 2050

Saudi Aramco

Aramco unit hires HSBC, Citigroup for Riyadh share sale

The company is planning to sell 50 million shares, or a nearly 30 per cent stake

Oil

Oil set for third weekly loss on price-cap impasse, demand fears

Crude has declined this month, overturning the gains made in October

Saudi Aramco announces record Q2 and H1 2022 results

Saudi Aramco Base Oil gets approval for Riyadh share offering

Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company

Nestle to invest $1.9bn in Saudi Arabia over next decade

The plant, set to open in 2025, will serve Saudi Arabia and export markets in the Middle East and North Africa

Mideast KFC operator Americana raises $1.8bn from IPO

Mideast KFC operator Americana raises $1.8bn from IPO

Americana will be the first company to have its shares traded in both Riyadh and Abu Dhabi

Saudi Investment

Saudi Investment talks boost Kakao Group’s battered shares

The Public Investment Fund is in talks with Singapore’s GIC Pte to jointly fund up to 800bn won ($591m) ahead of Kakao Entertainment’s initial public offering due next year

Saudi Aramco signs 59 agreements to foster local industrial ecosystem

The purchase agreements with local and global manufacturers are valued at $11bn, and will reinforce supply chain resilience

Saudi Arabia announces public holiday after historic FIFA World Cup win

Saudi Arabia stunned Argentina in a 2-1 win, to mark an unprecedented entry into the football tournament

Egypt to start building $11bn wind farm from 2024

A consortium that includes Abu Dhabi’s Masdar and Infinity Power Holdings will finish building the 10-gigawatt onshore plant by 2030

Ceer

Saudi’s first EV brand Ceer appoints James Deluca as CEO

In his last role, DeLuca led VinFast, Vietnam’s first domestic automobile brand

Saudi Arabia announces 5 mining exploration opportunities

Hydrogen to Neom pacts in Saudi Arabia’s South Korea deals blitz

A total of 26 memorandums of understanding have been signed for cooperation on projects

Aramco says hydrogen talks with Japan, South Korea are advancing

Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field

UAE President meets Saudi Crown Prince on sidelines of G20 summit

The two leaders discussed relations between the UAE and Saudi Arabia

PIF partners with Blackrock to explore investments in Saudi Arabia, Middle East

The two entities will collaborate to attract regional and international investors, and boost foreign direct investment into Saudi Arabia

Funding for green-hydrogen plant at Saudi Arabia’s Neom almost done

Funding for green-hydrogen plant at Saudi Arabia’s Neom almost done

Construction of the $5bn plant in the north-west of the kingdom has started

KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

Saudi PIF sells 10% stake in Tadawul

Saudi Arabia’s PIF completes sale of part of its stake in Tadawul

The offering size was SAR2.3bn, making it the second largest accelerated bookbuild offering to ever take place in the Saudi market and the GCC region

Saudi Arabia launches three initiatives to boost climate action

Saudi Arabia announces three projects to advance climate action at SGI Forum

The projects were announced by Saudi Arabia’s Minister of Energy during the recent Saudi Green Initiative Forum

ASI index laincehd by Tadawul GettyImages-1057624978-e1636003123118

Saudi wealth fund plans to sell 10% stake in stock exchange

The offering comes almost a year after the stock exchange went public in a $1bn initial public offering

Saudia to resume seasonal direct flights between Paris and AlUla

Saudia to resume seasonal direct flights between Paris and AlUla

The route will allow French travellers to reach AlUla in just five hours

Saudi’s Seera Group reports $8m in operating profit for Q3 2022

Seera’s travel platform, Almosafer, reported a 74 per cent rise in revenue, totalling SAR155m in the third quarter of 2022

Saudi Arabia commits $2.5 bn for Middle East Green Initiative

Saudi Arabia commits $2.5bn for Middle East Green Initiative

The Middle East Green Initiative was launched by the Crown Prince last year as part of efforts to reduce regional carbon emissions

Finastra's Nour Sabri on baas in Saudi Arabia

Insights: How BaaS can transform consumer financing in Saudi Arabia

While securing a bank loan that suits individual needs can be time-consuming and often unsuccessful, banking as a service may be the solution

Saudi Crown Prince launches kingdom’s first electric vehicle brand

The EV brand, Ceer, will attract over $150m of foreign direct investment, and create up to 30,000 direct and indirect jobs

Riyadh to host global fintech experts, aims to become truly digital

Riyadh to host World Fintech Show, aims to spur financial innovation

The event aims to connect global fintech innovators with enterprises, investors, policymakers, government authorities and collaborators