The move comes as part of the kingdom’s efforts to organise Hajj effectively
The company plans to use the net proceeds from the share sale to strengthen its capital base to support future growth
Over 180,000 domestic and international attendees will attend the debut edition of Cityscape Global
The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development
The committed resources for the fund are aimed at supporting 32 member countries of the bank to achieve 10 of the 17 Sustainable Development Goals
A Fairmont, Swissôtel and Novotel will cumulatively add over 1,000 keys to Accor’s portfolio in Saudi Arabia
The openings will cumulatively add 618 keys to its portfolio and includes four Edge by Rotana hotels as well as one Rayhaan by Rotana property
Spanning over 10,000 square metres, the indoor entertainment centre will open at Al Hamra district of Riyadh
The airline currently operates scheduled flights to 17 domestic destinations across Saudi Arabia and six in Europe, Middle East and Africa
The group has launched The Collective by Kerten Hospitality initiative to unify its efforts across all the projects in the kingdom
It includes two new A320 neo and one widebody A330 aircraft
Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility
The firm is in early talks with banks and stakeholders, John Pagano, chief executive of Red Sea Global, said in an interview, without disclosing details on advisers, banks or valuation
The new-build Kimpton Riyadh will be located within the King Abdullah Financial District
Economic expansion was driven by a 5.8 per cent increase in non-oil activities
Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector
The open banking platform plans to use the proceeds of the Series A funding round to accelerate growth in Saudi Arabia
The company secured approval from the Saudi Capital Market Authority to offer 21,000,000 shares, representing 30 per cent of its issued share capital
Saudi tourism is set to surge with significant investments being made throughout the kingdom to enhance both religious and non-religious tourism
The agreement will see Amsa Hospitality develop a range of Accor’s economy and midscale brands while also acting as the third-party operator by leasing and franchising the assets
The bank’s investment in Credit Suisse plunged by approximately 20 per cent by the end of 2022 and a further 70 per cent in Q1 2023
The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate
Saudi Arabia and Egypt will be the key markets for the group’s expansion in the region
The resort will feature 225 guest rooms and suites with terraces overlooking the beaches of the Red Sea
Jessica Wong, managing partner at eWTP Arabia Capital looks at how Saudi Arabia is uniquely placed to leapfrog innovation hurdles and build businesses with global impact
Aman Wadi Safar will include 78 keys, while Janu Diriyah will feature 120 guest rooms
The developer shares the same vision as the authorities in Saudi Arabia and the company plans to open an office in Riyadh in Q4 2023
The project already has equity bridge loans of $14m from the EBRD and $45m from the APICORP
The boutique hotel will feature 35 guest rooms and is expected to open to by Q4 2023
The crescent Moon that signals the end of the holy month of Ramadan was spotted in the kingdom and the UAE on Thursday