Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.
King Salman is more sympathetic to religious conservatives than his predecessor Abdullah and is seen as less hostile to the group.
India topped the survey conducted by Credit Suisse, which included nine global economies.
Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.
The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to SAR100 in the black market from SAR15.
His message offered condolences to the Jordanian people and King Abdullah of Jordan.
The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.
On Feb. 6, the 400,000 barrels per day refinery will load a 60,000 tonne cargo of gasoline on the Serengeti.
Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.
Cameron said that Saudi is a valuable partner of the West in the region and has helped in the fight against terrorism.
At full capacity, Al Reef is expected to refine 3,000 tonnes of sugar a day, and plans to export two thirds of its production.
The company added that the bonus paid to each staff member would not exceed SAR50,000.
The 24-hour Arabic language news channel, based in Bahrain, will have a specific focus on Saudi affairs.
Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs, sources said.
The Dubai benchmark jumped 4.5 per cent to close at 3,840 points, its biggest daily gain in six weeks.
The company, an affiliate of Saudi Basic Industries Corp (SABIC), will shut its olefins plant from Feb. 1 for almost five weeks, it said.
Mohammed Al-Jadaan was named head of the Capital Market Authority in a cabinet resuffle by King Salman last week.
Georges Schorderet, previously the company’s chief operating officer, is taking over from Abdulrahman Al Fadley, a statement said.
Salman’s announcement suggested that the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
The 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.
The wounded man was taken to hospital and was in a stable condition, state news agency said.
The US and Canada have urged Saudi government to cancel the flogging, saying that it was a violation of human dignity.
The Kingdom will pay two months of bonus salary to all state employees and pension to retired government workers.
The 50 lashes administered to activist Raif Badawi this month signal that religious conservatives have the upper hand in a tug-of-war with reformists.
The DFM General Index retreated 2.6 per cent in January.
The company is looking to expand its presence in Saudi Arabia and the UAE.
The wheat will be purchased in shipments of 55,000 tonnes, the Kingdom’s state grain buyer said in a statement.
Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.
Mazen Alotaibi was found guilty in Las Vegas in 2013 of kidnapping, burglary, coercion, lewdness on a child and sexual assault on a minor.