The payment will have a significant impact on earnings, the company said.
The company said rising costs had crimped its half-year profit due to a rising wage bill associated with localisation efforts.
Al Arabiya said that it had obtained a video showing Iraqi soldiers in Karabala after they quit their positions on the border.
U.S President Barack Obama and Saudi Arabia’s King Abdullah agreed to consult closely on regional developments, the White House said.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index increased to 59.2 points last month from 57.0 points in May.
The purchase will increase AOC’s ownership of S-Oil to 63.4 per cent from 34.99 per cent, AOC said in a statement.
The scheme will have a production capacity of 16 million tonnes per year of phosphate concentrate, sulphuric acid and phosphoric acid.
Prince Khaled bin Bandar served as both deputy defence minister and governor of Riyadh last year.
Experts suggest that the land seized by the government from STC is worth between SAR1.36 billion and SAR2.83 billion.
Atheeb sold a building and two plots of land to an unidentified buyer, according to a company filing to Riyadh’s bourse.
The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.
The facility will be used to buy equipment from Alcatel Lucent.
Prince Khaled bin Bandar bin Abdul-Aziz was removed from his post less than two months after his appointment.
The remarks came days after the king ordered all necessary measures to protect Saudi against potential “terrorist threats” from Iraq.
Saudi Arabia had previously been unwilling to support the formation of a new government unless Iraqi PM Nour al-Maliki stepped aside.
More than 700 people in Saudi Arabia have contracted the virus and 292 of them have died from it.
The agency said the monarch ordered the unspecified measures after he chaired a meeting of the country’s national security council .
The hotel, which is situated in the province of Al Qassim, is expected to open by mid-2016.
Construction has begun and should be completed in the first quarter of 2017, with commercial operations beginning later in that year, a statement said.
Egyptian state news agency MENA said Saudi would inject $124 million dollars into the Saudi Egyptian Construction Company (SECON).
The U.S. Secretary of State will most likely meet the Saudi monarch in Jeddah.
The figure is an increase on the SAR1.0 per share which the company paid out for the corresponding period of last year.
The deal parties are Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel Lucent.
Alhokair did not give the pricing of the sukuk, which was sold in a private placement to investors in Saudi Arabia.
It attributed the decline in earnings to lower revenues from reduced average daily trading volumes.
Saudi Arabia has the ability to pump to its full capacity of 12.5 million barrels per day, an official said.
Saudi companies, with a staff of nine or less, will be exempted from paying the fees for four expat workers.
The development will include three office buildings overlooking Crescent Plaza, which houses luxury retail outlets and F&B options.
One-year dollar/Saudi riyal forwards jumped as high as 50.50 points, their highest level since the Arab Spring uprisings hit the Middle East in March 2011.
Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for self-sufficiency in wheat in 2008.