The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
Looking ahead to 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an end
The company will spearhead the kingdom’s efforts to ensure food security, mitigate climate change and achieve net-zero emissions by 2060
Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues
The budget estimates expenditures of SAR1.3tn in 2024 and total revenues of SAR1.2tn
The Russian President is due to hold talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan and Saudi Arabia’s Crown Prince Mohammed bin Salman
The targetting of cloud infrastructure among corporates in these two countries is on the rise, according to a new survey.
Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences
The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy
The wealth fund’s investment will include an element of primary equity, and the completion of the deal is subject to regulatory approval
The broadcaster plans to use the proceeds to repay debt, enhance its financial flexibility and invest in new content for Shahid
The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia
The transaction is subject to regulatory conditions and must comply with the right of first offer
OPEC+ is due to hold an online ministerial meeting to discuss 2024 production targets
ENVI Al Sifah will open in late 2025 and will feature 40 luxury tents
UNWTO’s members include more than 500 companies, educational and research institutions, and NGOs
The entertainment destination is centrally located between the cities of Abha and Khamis Mushait, and will be developed with an investment of over SAR1.3bn
Oil production tends to vary month by month, making it difficult to fix on a permanent production target
The trade surplus in Saudi Arabia remains stable amid continued levels of strong trade in the country
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
Holiday Inn and Suites Taif and Staybridge Suites Taif will both open in 2025
Compensation provisions for flight delays, cancellations, overbooking and unexpected stopovers have been bolstered and extended
On Tuesday, November 21, the kingdom’s Capital Market Authority approved the company’s application for registering 10 per cent of its share capital
The Saudi Tourism authorities hope to match visitor numbers to previous years which saw between 12 to 15 million tourists visit the annual festival
The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran
Commissioned facilities at South Ghawar can process 300 million standard cubic feet per day of raw gas and 38,000 barrels per day of condensate
The Gulf’s biggest economy will be among the three top fastest growing countries in the world next year, with only India and Indonesia set to expand faster
Microsoft said it will extend its technical expertise to Riyadh Air by offering guidance in architecture design, scalability, and security reviews