The brokerage is offering 49.94 million shares, representing 20 per cent of the company’s total issued share capital
On January 23, the Saudi State news agency said the kingdom wants to put $600 billion into expanded investment and trade with the US over the next four years
The fund said that the deal will strengthen the local ICT sector, contributing to its goal of creating high-skilled jobs and driving economic growth through digital transformation
The kingdom is eager to seize partnership and investment opportunities created by the new administration’s anticipated reforms
Aramco’s chief executive Amin Nasser said that oil demand in 2025 will approach 106 million barrels per day (bpd) after averaging about 104.6 million bpd last year
The fund said it expected energy commodity prices to decline by 2.6 per cent in 2025, more than assumed in October
The venture will focus on energy transition minerals, with commercial lithium production scheduled to commence by 2027
The low-cost carrier is likely to announce the order for the upgraded A330-900 variant in the coming weeks after comparing it with Boeing’s smaller 787-9
The investment is expected to boost the growth of the local reinsurance sector and improve coverage for commercial activities for insurance firms and companies in general
The healthcare company began trading publicly on Tuesday and rose 15 per cent on debut as it hovered around the SAR139.60 mark
The kingdom sold $5bn, $3bn and $4bn in tenors of three, six and 10 years, respectively, and the total order book reached around $37bn
The Shariah-compliant financing structure forms part of PIF’s continued objective of diversifying its funding sources
ECG2.0-Fund2 anticipates exiting its industrial services platform through an initial public offering (IPO) targeted within two years
Mubadala and its subsidiaries deployed $29.2bn in 2024, up from $17.5bn invested in 2023, according to a report from Global SWF
SEVEN’s investment in Jazan is part of a larger, SAR50bn initiative to develop 21 entertainment destinations in 14 cities across Saudi Arabia
Parkin’s move into the Saudi market further solidifies its position as a regional leader in parking solutions, with the company’s expertise in Dubai paving the way for broader GCC expansion
Money20/20 Middle East aims to become the largest fintech event in the region, featuring a diverse lineup of keynote speakers, panel discussions and networking opportunities
Ardian and PIF will acquire 22.6 per cent and 15 per cent, respectively, of FGP Topco for a total of $4.12bn
Riyadh Metro’s red and green lines will open on December 15, bringing it one step closer to its full rollout
ADNH Catering and Al-Rushaid Petroleum Investment Company will each hold a 50 per cent stake in the joint venture once the deal is finalised
The 2034 edition will bring the global spectacle back to the Middle East, with Saudi Arabia becoming the second nation in the region to host the tournament, following Qatar’s hosting of the 2022 event.
Adeera seeks to introduce a portfolio of distinctive Saudi hotel brands serving various segments, from mid-range to ultra-luxury, for different categories of visitors
Parsons currently has more than 50 active projects in Saudi Arabia
The latest developments come ahead of the formal launch of another Trump Tower this week in Jeddah, Saudi Arabia’s second-largest city
Saudi Arabia’s pharmaceutical market is expected to exceed $11bn by 2032, driven by a compound annual growth rate of around two per cent
This marks Apple’s first direct retail service in the kingdom and is a significant milestone in the company’s local operations
Saudi Aramco said it is lowering the official selling prices for refiners in Asia, which buy about 70 per cent of the kingdom’s crude
IHG is positioning itself to play a major role in the transformation of Al Madinah into a modern, culturally rich hub for both pilgrims and tourists
OPEC+, which pumps about half the world’s oil, had previously been planning to start unwinding cuts from October 2024
The partnership will unlock up to $10bn in financing for Saudi Vision 2030 projects, boosting cooperation and commercial collaboration between the two nations