Kuwait-based Arab Fund for Economic and Social Development has a capital base of around KWD2 billion.
The mobile company reported a new loss of SAR443 million in the fourth quarter of the year.
The telecoms operator faced one-off charges related to affiliates in South Africa and India.
The Saudi conglomerate owned by billionaire Prince Alwaleed made a net profit of $55.9 million in the fourth quarter of 2012.
The mining company attributed the increase to the beginning of commercial production of ammonia and DAP
In an exclusive interview, the Arab region’s richest businessman reveals to Gulf Business what time he wakes up and what he likes to read.
The company made a net loss of SAR1.09 billion in the fourth quarter of 2012, compared to a loss of SAR514 million in Q4 2011.
The construction firm plans legal action against the Saudi unit of Britain’s Petrofac, Saudi Binladin Group and SK Engineering and Construction.
The dairy and food producer made a net profit of SAR369 million in the fourth quarter of 2012.
The petrochemicals producer said it enjoyed stronger sales and higher prices in the fourth quarter of 2012.
The bank’s net profit fell to 869 million riyals compared to forecasts of 1.1 billion.
The national side has terminated the Dutchman’s contract after a disappointing Gulf Cup of Nations.
The Kingdom will be only the second country in the GCC to permit MVNOs.
The protest came after King Abdullah appointed 30 women to the Shura Council.
Saudi-based Kingdom Holding Company, which owns a stake in Twitter, is planning a new digital acquisition, its chairman tells Gulf Business in an exclusive interview.
The lender’s fourth quarter profit rose on higher operating income and a drop in expenses.
The President of the United States met with Prince Mohammed bin Nayef to discuss security issues.
Prince Saud bin Nayef is the new governor of Eastern Province, taking over from Prince Mohamad bin Fahad bin Abdulaziz.
The Saudi lender reported a rise of 4.1% in net with full year growth of 10.1 per cent.
The Saudi operator accounted for 41 per cent of Saudi telecom revenue in the first nine months of 2012.
The company made a profit of SAR185 million on the sale of the land located near Riyadh.
The Kingdom’s Shura Council is expected to announce the names next week, says report.
Accor’s latest contract targets underserved sector
It marks the airline’s fifth route in Saudi, alongside Riyadh, Jeddah, Medina and Dammam
A power cut on Saturday has forced the refinery to stop all operations.
Saudi oil minister Ali Naimi confirms that the natural gas field will start production within “short period.”
Saudi’s behemoth banks were flush with capital in 2012.
Reports say the Kingdom wants to buy 100 of the Dingo armoured vehicles over the longer term.
The Kingdom’s aviation authority launched its first sukuk in 2012 and raised SAR15 billion to fund the Jeddah airport development.
2013 revenue projected at a conservative SAR829 bn, according to Emirates NBD, as spending on education and healthcare to increase.