The summit coincides with the start of a five-day humanitarian truce in Yemen.
Once completed in 2018, the $1.2 billion Kingdom Tower will be over one kilometre high.
Steve Bertamini has been appointed chief executive effective from May 18, the lender said in a bourse statement.
Policeman Maged al-Ghamdy was patrolling the area at 7:30 p.m. local time when he was shot from an unidentified car, the official news agency said.
Both leaders will “build on their close consultations on a wide range of regional and bilateral issues,” White House spokesman said.
The rapprochement between two of the Middle East’s biggest powers already appears to be paying dividends in Syria.
So far, MSCI only had provisional indexes covering the $570 billion Saudi stock market, which is set to open to foreign investors in June.
Scores of civilians were reportedly killed and thousands forced to flee their homes after the coalition declared the entire governorate a military target.
Figures from Asia’s top three importers show that the Kingdom is more or less holding its ground in market share, writes Reuters’ columnist Clyde Russell.
Many barriers such as strict foreign ownership limits, rules for settling traders and its long way into MSCI index are some of the factors curbing a flood of foreign money.
The state-backed King Abdulaziz City for Science and Technology said it had signed an agreement with Antonov to produce the AN-32 aircraft.
US Secretary of State John Kerry, who is visiting Riyadh, welcomed the proposal.
Saudi consumer prices rose two per cent from a year earlier in March.
US Secretary of State John Kerry began negotiations in Riyadh on Thursday to pause the campaign of airstrikes launched by a Saudi-led coalition on March 26.
Jadwa, Saudi’s largest private investment firm, expects inflows to reach between $40 billion and $50 billion in the medium to long term.
Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, plans to sell 30 per cent of its shares.
Since inheriting the throne, King Salman has embarked on a war in Yemen, restructured the oil sector and shaken up the line of succession.
In 2012, the Saudi goverment introduced a levy of 2,400 riyals ($640) a year for every foreigner whom a company employs above the number of its Saudi workers.
Partly because of higher labour costs, Khodari’s net profit tumbled 57 per cent from a year earlier to $3.7 million in the first quarter of this year.
The strikes occurred after Yemen’s Houthi fighters fired mortar bombs and rockets at a Saudi Arabian border town on Tuesday.
The minister said that he saw a bright future for education, training, development and manufacturing in the Kingdom.
The projectiles struck a girls’ school and a hospital in Najran, which is only two miles from Yemen’s border, officials said.
The minister was also optimistic that the global economy was emerging from its slump, but that one couldn’t expect a return to growth levels of 10 years ago.
SACO, a popular supplier of building tools and mechanical equipment in the kingdom, offered 2.88 million shares to individual investors.
Employment continued to increase but at a slower pace.
A single foreign investor will be able to hold no more than 5 per cent of any listed company, while total foreign ownership of a firm will be limited to 20 per cent.
The statement comes as the UN prepared a plan to set up an air-bridge to bring humanitarian workers into the country.
The Dubai-based channel also quoted Adel al-Jubeir as warning Yemen’s dominant Houthi group against exploiting any truce in the country in its favour.
Jet fuel prices will be cut by 15 halalas per litre at Riyadh and Jeddah airports and by 20 halalas per litre at other airports.
At least nine new Hyatt-branded hotels are expected to open across the GCC by 2017A