Saudi Manpower Solutions Company (SMASCO) has determined the final offer price at SAR 7.5 per share for its IPO
The flagship vessel of Aroya Cruises is an impressive 335-metre floating resort
PIF saw its US-traded stock holdings plummet from $35bn at the end of 2023 to $18bn by March 31
The strategy will see the company increase the number of its 5G network sites in the country to more than 7,000
CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes
The move is in line with the strategy to establish an entertainment, sports and culture powerhouse in the kingdom
The pricing of SAR57.5 per share implies a market valuation of around SAR13.3bn at listing
OPEC sounded an upbeat tone on the economic outlook as well as future oil demand
The volume of Saudi crude to be loaded for China is estimated to fall by 5.8 million barrels in June from 45 million barrels in May
The announcement marks the latest expansion of Saudi’s eVisa programme
Jaumur is an exclusive residential community that aims to accommodate 6,000 residents
A new ETF tracking Saudi equities was listed in Hong Kong last year, becoming the first product of its kind in Asia
The firm plans to invest $100bn by 2030 to develop key partnerships and build advanced manufacturing capabilities
Aquarabia, in Qiddiya City, will feature 22 rides and the developers aim to break four world-records, including constructing the world’s tallest water coaster
The oil major reported a 14 per cent decline in first-quarter net income to $27.3bn in the three months to March 31
The expansion increases the number of routes between Saudi Arabia and the UAE to nine, and daily flight frequencies to more than 20
Maersk’s fuel costs on the affected routes between Asia and Europe are now 40 per cent higher per journey
The company said it expects capital expenditure of $1.5bn this year, compared with $910.6m in 2023
The partnership seeks to implement and activate joint initiatives to advance research, deliver innovation and enhance the visitor experience
The fintech firm is offering 5.3 million new shares and 17.4 million existing shares to investors – equivalent to 30 per cent of the company’s paid-up capital
Oil revenues reached SAR181.9bn, while total revenues were SAR293.4bn as non-oil revenues edged higher, although oil still dominates
Power cuts are hurting Egypt’s small businesses that play a crucial role in an economy where growth has slowed
Saudi Arabia raised the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean in June
The move by Reliance comes as India, the world’s third-biggest oil importer and consumer, is looking to diversify its oil supplies
Oil inventories and prices close to the long-term average imply ministers are likely to decide to keep output unchanged, based on their behaviour in the past
The hospital group is offering 49.8 million shares, equivalent to 21.47 per cent of the company’s total issued share capital
Vale and Manara Minerals is a joint venture between Saudi Arabian Mining Company, Ma’aden, and Saudi Arabia’s Public Investment Fund
The statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago
Recent survey results show a direct link between English language skills and higher salaries in the kingdom
Saudi Arabia’s General Directorate of Civil Defence said that most parts of the kingdom will experience moderate-to-torrential thundershowers this week