SABIC CEO Mohamed al-Mady said the investment would be in downstream operations.
In a speech to an international conference on Syria, Prince Saud called for the withdrawal of all foreign forces from Syria.
BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.
Performance of Saudi lenders is being driven by business growth and declining loan impairment charges.
Corporates and state-owned entities in Saudi Arabia raised the equivalent of $15 billion from the sale of sukuk in 2013.
Saudi Arabia’s private sector hospitals are expected to hike their fees to compensate the loss of funds due to labour ministry decisions.
Full-year net profit for Prince Alwaleed’s investment firm rose five per cent to 742.5 million riyals.
Saudi Telecom reported a net profit of 3.62 billion riyals in the three months to December 31.
High liquidity in the country has kept funding costs low.
The firms will work on photovoltaic solar projects through the joint venture.
Economists estimate only 30-40 per cent of working-age Saudis hold jobs or actively seek work.
Shale oil remains much more costly to produce than most Middle East crude.
Net earnings in the three months to December 31 were 373.3 million riyals, up 1.2 per cent on the same period a year earlier.
Al Rajhi reported a 19.1 per cent drop in fourth-quarter net profit.
SABIC earned 6.16 billion riyals in the quarter, not the 6.58 billion analysts predicted.
Saudi Arabia started opening up its aviation market in 2012 by awarding additional carrier licenses.
Bombardier has so far seen slow orders for the CSeries after several months of development delays.
Syrian National Coalition is expected to decide this week whether to take part in the Geneva-2 conference in Switzerland.
Samba attributed the profit rise to an increase in operating income.
The company said more income from data and business clients were the reason for the quarterly and annual profit increases.
Saudi Aramco is set to ship the first cargo of diesel to the Mediterranean for January 23 loading.
The airline will resume services to Manchester after a seven-year gap and will fly thrice a week.
The deal provides Sri Lankan domestic workers in the Kingdom the right to retain their travel documents.
The incident took place in the town of Awamiya on Monday evening.
All jobs previously occupied by expats will be considered vacant until qualified Saudi citizens can fill them, the ministry said.
The firm made a net profit of $117.9 million in the three-month period to December 31.
Gunmen killed two Americans, two Britons and an Australian at the offices of a foreign company in Yanbu.
SABB attributed its profit rise to higher operating income.
The Kingdom kept production in November at steady levels from October when it cut output.
The bank’s net profit for the quarter was boosted by a 22 per cent jump in total operating income to 671.1 million riyals.