The new investors do not plan any changes to the overall “strategy of the company and have no plans to buy rest of the outstanding shares,” a statement said
Kingdom Holding did not disclose the identity of the buyer
Saudi carrier flynas will begin a new five-times-per-week service between Riyadh and Abu Dhabi from December 16
The statement comes as Standard & Poors cut its ratings for Saudi Arabia’s long-term foreign and local currency sovereign credit by one notch to ‘A-plus/A-1’
Standard & Poor’s cut its ratings for Saudi Arabia’s long-term foreign and local currency sovereign credit
The ministry said the cabinet had delayed its decision in light of feedback from business owners
The figure is based on information provided by the state and religious authorities and local media reports in the home countries of the victims
As other regional economies target the mass market, Saudi Arabia is banking on religious travellers and staycationers to grow its tourism industry
Badawi has been sentenced by a Saudi court to 1,000 lashes and 10 years in jail for insulting Islam and for cyber crime
The Shura Council advises the government on legislation
Net foreign assets at Saudi Arabia’s central bank fell 1.2 per cent from the previous month in September
Moderation in government spending will slow credit growth, tighten funding and weaken asset quality
Karl Andree, 74, faced 350 lashes after being caught for producing and possessing wine
Most of Yemen’s territory that was captured by the Houthi rebels has been recaptured, he said
Allowing energy prices such as gasoline to rise would be one of the biggest economic reforms in Saudi Arabia
The attack on the al-Mashhad mosque occurred as people left after attending evening prayers
His comments follow Britain’s strong criticism of human rights violations in the kingdom
The plane, scheduled to fly to Hael in northern Saudi Arabia, was carrying 40 bags of Captagon amphetamine pills
Adel al-Jubeir reiterated his country’s long-held stance that Bashar al-Assad should play no role in a future Syria
The airline currently has about 26 aircraft in its fleet with the average age of eight and half years
US Secretary of State John Kerry met King Salman and other Saudi officials on Saturday
The plant is designed to produce 330,000 tonnes per year of normal butanol once operational
Minister of Transport Abdullah al-Muqbil said the government had allocated SAR 200bn to be spent on public transport plans
Hezbollah leader Sayyed Hassan Nasrallah condemned what he called the “US-Saudi aggression” against Yemen
Saudi Arabia is planning to become the region’s car manufacturing hub
Foreign minister Adel al-Jubeir also said Assad was the “magnet” attracting foreign fighters from all over the world to fight for ISIL
Kuwait was ranked the worst country for expats to live and work in, a new survey showed
Prince Abdullah bin Faisal bin Turki Al Saud served as governor of the Saudi Arabian General Investment Authority from 2000-2004
China bought 983,590 bpd from Russia last month, up 42 per cent year-on-year, while imports from Saudi were down 16.5 per cent at 961,710 bpd