Mobily’s shares have fallen by 56 per cent since an accounting scandal first broke in November.
The price of crude rebounded from a near six-year low to around $60 per barrel this month.
Mobily on Wednesday said it had swung to a full-year loss in 2014, according to audited results.
Tuesday’s price of SAR35.30 per share means around $13 billion has been wiped off Mobily’s market value since May.
The man, in his 20s, reportedly posted an online video ripping up a copy of the Koran and hitting it with a shoe.
Abdulaziz al-Saghyir quit due to health reasons, but will remain on Mobily’s board, the company said.
Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.
The WHO says 1,026 confirmed cases – including at least 376 deaths – have been reported since MERS emerged in 2012.
The move is seen as mostly benefiting Zain Saudi, the smallest of the Kingdom’s three mobile network operators.
The project will involve building processing facilities, wellheads and pipelines for gas in Turaif.
Ma’aden shut the facility in Ras Al Khair from January 23 for about 30 days.
The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco, the company said.
The virus has infected close to a thousand people, killing some 360 of them – the vast majority in Saudi Arabia.
Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.
Sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.
Exports fell by 362,000 barrels per day from 7.296 million bpd in November 2014.
The Ministry of Labour said that it will set a limit on the number of workers that each firm is permitted to transfer within a year of recruitment.
Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.
Two people have died after being affected with MERS over the last two days, prompting fresh health warnings to prevent an outbreak.
Two civilians died in attacks in Copenhagen on Saturday and five police were wounded.
Benyan replaces Mohammed Al Mady, who was appointed as the president of the country’s military industries corporation.
The statement did not make immediately clear whether al-Mady would be leaving his post at Saudi Basic Industries Corp.
The WHO is still trying to track down more than half the people who were on the same Saudia airline flight from Riyadh to Manila.
POSCO signed the deal to sell a 38 per cent stake plus new shares of POSCO Engineering & Construction to Saudi’s PIF.
Saudi Arabian builder Abdullah Abdul Mohsin al-Khodari and Sons said on Thursday it had been…
The Saudi king has created two new super-committees that give Mohammed bin Nayef and his son Mohammed bin Salman extensive control over most aspects of Saudi policy making.
The plant in Jubail will go offline on March 1, the company said in a bourse statement,
It plans to increase its capital to SAR5.72 billion from SAR4.76 billion by issuing one bonus share for every five held.
Under Saudi guidance, OPEC decided last November not to cut output, allowing oil prices to plunge.
A health official said that said that the female nurse was undergoing treatment at the Research Institute for Tropical Medicine.