The deal will help Abyat expand into the wider Gulf region, with Al Muhaidib Group benefiting from an increased presence in the sector.
The company said the delay would not increase the cost of the plant.
Saudi Arabia denied that a major ground operation was under way by the anti-Houthi coalition it leads but declined to comment on special forces.
The statement comes as a group of Arab forces reportedly landed in Yemen to fight Houthi tribesmen.
The group will open a property each in Riyadh and Marrakech in 2017 and 2015 respectively.
The aircraft also targeted a camp of forces loyal to former president Ali Abdullah Saleh, in Arhab district north of the city.
Brent crude hit a new 2015 high of $66.93 per barrel on Thursday before easing slightly on Friday.
Al Waha Petrochemical had closed its propylene and polypropylene plant in Jubail for 30 days from April 1.
The investment will produce an average semi-annual cash return of 12 per cent, GFH said.
The United Nations says the conflict in Yemen has killed 600 people, wounded 2,200 and displaced 100,000 since September.
On Wednesday, Saudi King Salman appointed Saudi Aramco’s CEO as chairman of the state oil firm and health minister.
Private Gharbi Rajah al-Hassan al-Mujaishi was patrolling on Thursday morning in the Hareth sector in Jizan province when he was killed.
A number of Saudi insurance firms have been loss-making for years because of severe competition in the market.
King Salman named his nephew Mohammed bin Nayef, 55, and his son Mohammed bin Salman, 30, as his heirs on Wednesday.
Yemenis warn that the longer the fighting lasts, the harder it will be to restore meaningful state control.
The ban was imposed due to the presence of avian influenza on three Ontario farms.
So far the fighting and air strikes have killed over 1,000 people since the bombings started on March 26.
The group is aiming to work with state firms such as TOKI, Emlak Konut and Kiptas.
The state news agency did not say how much money would be disbursed for the bonus, but it is likely to be sizeable.
Net foreign assets reached SAR2.59 trillion in March, their lowest level since July 2013.
Interior Minister Mohammed bin Nayef has been appointed King Salman’s new heir, replacing Prince Muqrin.
Interior Minister Prince Mohammed bin Nayef will be the country’s first king from the third generation of its ruling dynasty.
In a surprise move, Saudi King Salman on Wednesday appointed his nephew, Deputy Crown Prince Mohammed bin Nayef, as the new heir apparent.
Falih’s replacement as head of Aramco, which he had led since January 2009, was not immediately named.
Iran said the plane was carrying humanitarian aid to Sanaa.
Among those arrested, at least 65 are Saudi nationals, the report said.
The number of house sales in Riyadh between the time the new lending limits were introduced and the end of last month fell 70 per cent from a year earlier.
The Kingdom shipped 7.35 million bpd of crude oil in February this year, down from 7.474 million in January.
The suspect, Nawaf Sharif Samir al-Onaizi, was reportedly hiding in a desert area northwest of Riyadh.
Riyadh announced last week that it was ending its nearly five-week-old bombing campaign, except in places where the Houthis were advancing.