Kingdom Holding sold the plot in Riyadh for $66.6 million.
The dairy producer’s third quarter revenue rose 27 per cent to SAR2.7 billion.
The proceeds will be used to refinance existing debts, said sources.
The IMF said its base scenario envisaged a fiscal deficit of 0.6 per cent of GDP by 2016.
The global corporate is pumping funds into energy, healthcare and innovation in the Kingdom.
Although no new cases of the virus have been detected so far, Saudi officials and the WHO are monitoring the situation.
A consortium led by Saudi International Company for Water and Power (ACWA) won the major contract.
The Kingdom introduced the Hafiz programme last year, which pays unemployed nationals up to SAR2,000 a month.
The Mohammed al-Mojil Group say its losses exceed three-quarters of its capital and its liabilities exceed its assets.
The IMF also cut its forecast for Saudi’s budget surplus this year from 16.5 per cent to 12 per cent, citing oil price movements.
The Saudi-based oil giant will see its domestic output increase to 3.5 million bpd when new refineries come online.
Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.
Saudi Ground Services has hired the bank to advise as it plans to list 30 per cent of its shares.
Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.
Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.
The Kingdom will no longer count workers under a mandated quota if they are paid less than the minimum wage.
The plant may come up next to a new aluminum smelter in the Kingdom, says Tata Motors chairman.
The money will be placed in the Yemeni central bank and will support the country’s economic recovery, a Yemeni minister said.
The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.
The Kingdom bought weapons worth $33.4 billion from the US last year, says new report.
A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.
The metro system, the third one planned in the Kingdom, is estimated to cost around $9.3 billion.
Strong government regulation and hefty public spending have buoyed the Kingdom’s banking sector.
Prince Al Waleed Bin Talal, CEO of Kingdom Holding, escaped harm as his car was written off in Saudi Arabia this weekend.
The Kingdom’s Foreign Minister Prince Saud al-Faisal had a minor operation to relieve an intestinal obstruction, the royal court has said.
Banking is one of the only sectors in KSA to see a dip in compensation in 2012 Salary Survey
The Kingdom reportedly reduced oil output by 300,000 barrels per day from June.
The Kingdom boosted spending to a record SAR804 billion in 2011, 23 per cent higher than in 2010.
The Kingdom’s cabinet has given a licence to the Industrial and Commercial Bank of China (ICBC) to open one branch in Saudi.
The Saudi team, which included royal family member Prince Abdullah al Saud, lost out to Britain and Netherlands in the team show jumping final.
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