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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

Careem introduces inter-city rides from Saudi to Qatar

Careem introduces inter-city rides from Saudi to Qatar for FIFA World Cup

City-to-city rides are available to those attending multiple matches

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco makes second highest profit on surging oil prices

Aramco’s net income was $41.6bn in the third quarter, slightly above analysts’ expectations

Middle East KFC operator set for Abu Dhabi, Riyadh dual listing

Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares

Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company photograph (1)

How Thakher Development Company aims to support Saudi Arabia’s tourism goals

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

Saudi Arabia

Saudi net reserves surge near $449bn, highest since 2020

The stockpile grew by SAR36.8bn from the previous month in the biggest increase since June

Saudi Arabia announces 5 mining exploration opportunities

Saudi Arabia announces five new mining exploration opportunities

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 inaugurates new office in Saudi Arabia to expand presence

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant

Saudi finance chief says economy more resilient to global shocks

The kingdom has its lowest unemployment rate in two decades and has managed to keep inflation at 3 per cent

Saudia to purchase 100 electric jets in sustainability push

Saudia to purchase 100 electric jets in sustainability push

With zero operating emissions, the Lilium jets will enable sustainable and time-saving travel

Global cybersecurity Forum

Saudi Telecom doubles down on Ex-Google executive’s tech firm

Interest in the technology industry in the Middle East has increased the past few years as governments seek to diversify their economies

Saudi's PIF to establish 5 companies to pursue investments

Saudi’s PIF to establish five companies to pursue investments in Bahrain, Oman, other countries

The announcement follows the launch of the Saudi Egyptian Investment Company in August

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group

Saudi Stock Exchange CEO Sees Strong IPO Pipeline in Busy Year

Saudi stock exchange CEO sees strong IPO pipeline in busy year

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

Global cybersecurity Forum

HPDC, BRF announce JV to spur halal poultry production in Saudi Arabia

The joint venture will increase local capabilities in halal food production and help develop Saudi Arabia’s poultry sector value chain

Saudi Telecom

Saudi’s PIF offers to buy stake in $5.8bn STC towers unit

The PIF made a non-binding offer to Saudi Telecom Co. for 51 per cent of Telecommunications Towers Company

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016

Saudi Arabia’s PIF launches company to develop halal production industry

The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals

Saudi Arabia launches supply chain initiative to beckon $10.6bn of investments

The initiative will contribute to overcoming challenges faced by global supply chains

Saudi British Bank reports 26% rise in net profit for Q3 2022

The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter