Construction of the $5bn plant in the north-west of the kingdom has started
The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6
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
The projects were announced by Saudi Arabia’s Minister of Energy during the recent Saudi Green Initiative Forum
The offering comes almost a year after the stock exchange went public in a $1bn initial public offering
The route will allow French travellers to reach AlUla in just five hours
Seera’s travel platform, Almosafer, reported a 74 per cent rise in revenue, totalling SAR155m in the third quarter of 2022
The Middle East Green Initiative was launched by the Crown Prince last year as part of efforts to reduce regional carbon emissions
While securing a bank loan that suits individual needs can be time-consuming and often unsuccessful, banking as a service may be the solution
The EV brand, Ceer, will attract over $150m of foreign direct investment, and create up to 30,000 direct and indirect jobs
The event aims to connect global fintech innovators with enterprises, investors, policymakers, government authorities and collaborators
City-to-city rides are available to those attending multiple matches
Aramco’s net income was $41.6bn in the third quarter, slightly above analysts’ expectations
Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares
Engineer Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company shares how it is supporting Vision 2030, its key milestones and the company’s future plans
The stockpile grew by SAR36.8bn from the previous month in the biggest increase since June
The kingdom is looking to leverage an estimated $1.3tn worth of vastly underexplored metals and minerals to support its sustainable development goals and the clean energy transition
Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant
The kingdom has its lowest unemployment rate in two decades and has managed to keep inflation at 3 per cent
With zero operating emissions, the Lilium jets will enable sustainable and time-saving travel
Interest in the technology industry in the Middle East has increased the past few years as governments seek to diversify their economies
The announcement follows the launch of the Saudi Egyptian Investment Company in August
The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group
The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales
The joint venture will increase local capabilities in halal food production and help develop Saudi Arabia’s poultry sector value chain
The PIF made a non-binding offer to Saudi Telecom Co. for 51 per cent of Telecommunications Towers Company
The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016
The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals
The initiative will contribute to overcoming challenges faced by global supply chains
The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter