Aramco raised $25.6bn in the biggest-ever IPO, making it the world’s most valuable listed company
Finance minister Mohammed Al Jadaan said that the kingdom’s sovereign wealth fund expects to invest significant amounts in the domestic economy
Pre-budget figures announced in October see economic growth increasing to 2.3 per cent from 0.9 per cent in 2019
Saudi Arabia sold only 1.5 per cent of the company’s capital in the IPO
The kingdom is ending the requirement that restaurants have two separate entrances
Prince Miteb – the brother of Saudi Arabia’s King Salman bin Abdulaziz Al Saud – was born in 1931
Saudi Arabia will host the G20 Leaders’ summit on November 21 and 22, next year, in its capital Riyadh
Cement production in the kingdom has been rising in the past three months
The Saudi government plans to raise more than $25bn by selling a 1.5 per cent stake of the oil giant
Subscription reached SAR32.6bn ($8.7bn) with 3.7 million people signing up
Saudi Crown Prince Mohammed bin Salman is in the UAE on an official two-day visit
The coalition will also enable flights in cooperation with the WHO to carry patients from Sana’a
The Saudi Fund for Development will provide the loan
The emirate is seeking to make the investment through one or more state-linked entities, according to sources
The Crown Prince’s last visit to the UAE was in November 2018
The highest salary hike of 5 per cent is expected in the life sciences industries, while the lowest increase is anticipated in the energy industry
The US has also begun efforts to find a negotiated settlement to the conflict
The deal will now rely on local investors and won’t be marketed in the US, Canada and Japan
The investor meetings are Aramco’s first outside Saudi Arabia
About 140,000 people requested tourist visas
Ground breaking is due to start January at the Diriyah Gate project, a UNESCO world heritage site
Emirates was chosen as the most recommended brand in the UAE
SAMA wants daily updates on how much credit banks are providing after it eased lending limits for buyers
Fund managers can subscribe to the stock until Dec. 4
The survey revealed that 79 per cent of consumers unfollowed social media influencers due to contrasting values and increased promotional content
Saudi banks are seeking to cash in on the IPO after years of falling loan growth
It’s the latest sign that the giant Saudi oil company has scaled back the international ambitions for the IPO
The ban comes into effect from November 18
The Saudi Arabian Monetary Authority will allow smaller retail investors to borrow twice their cash investment, double the normal leverage limits the regulator allows for IPOs
Aramex intends to expand to 150 Spot locations by end of 2020