The Luberef IPO marks the firm’s eighth private equity exit, and at SAR5bn the offering brings Jadwa’s aggregate private equity distributions to clients to SAR11bn
Non-oil exports mainly comprised chemical and allied industries, accounting for 41 per cent of the total non-oil merchandise exports
The kingdom’s Education and Training Evaluation Commission has said female students will not be permitted to wear loose-fitting, full-length robes at the time of examination
The committee also witnessed the signing of an MoU between the Saudi Fund for Development and the Ministry of Economy of Azerbaijan
The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China
The event gathered CIOs, CEOs, CTOs, heads of research, industry practitioners and IT experts in cloud computing
The facility is set to start operations in 2027
Prince Khalid also paid an official visit to the headquarters of BAE Systems, a British multinational arms, security and aerospace company in Wharton, Cumbria
The investment will allow the sovereign wealth fund to participate in the acceleration of energy transition and clean energy at an international scale
Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn
The service allows investors to start investing in private markets without funding the entire commitment from day one
Oil activities in the third quarter increased 14.2 per cent year-on-year
The region’s construction sector is prioritising sustainability, with some of the upcoming developments employing eco-friendly techniques
The funding round will help Black Sheep Foods scale up production for its debut lamb made from plants
The partnership also covers cooperation in the fields of artificial intelligence, advanced computing and quantum information technology
The agreements covered sectors like green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing and construction factories
Revenues are now set to reach SAR1.13tn, slightly more than projected earlier
Construction output growth in Saudi Arabia is anticipated to rise by 3.2 per cent in 2022, with a further annual average growth rate (AAGR) of 4 per cent between 2023 to 2026 as indicated by Global Data
The project will contribute to the diversification of the local economy and will be a source of investment for the region
The full rebrand brings together all operating companies under the Cenomi brand
Alqahtani will have oversight of the bank’s business activities regulated by the Saudi Central Bank
Sindalah will feature a 86-berth marina, while offshore buoys will house superyachts
A Saudi bid to host the World Cup would add to the list of sporting events the world’s largest oil exporter is hosting
The new investment arm will attract local and foreign direct investment to develop the Aseer region
The 2,060MW solar plant is set to be developed in Saudi Arabia’s Makkah province
Public Investment Fund raised the seven-year loan from a syndicate of 25 banks in Europe, the US, the Middle East and Asia
Saudi Arabia-based National Housing Company is helping redefine the local real estate landscape, their CEO Mohammed Bin Saleh Albuty, tells us more about it
Construction on the site, which is near a major Red Sea trading port, will start early next year
The airport is expected to accommodate up to 185 million passengers and process 3.5 million tons of cargo by 2050
The company is planning to sell 50 million shares, or a nearly 30 per cent stake