The wealth fund will hold a 75 per cent shareholding in the company, while the SEC will own the remaining 25 per cent stake
The company will follow leading urban planning and environmental sustainability standards to preserve the area’s unique heritage
The masterplan is designed to offer unparalleled living experience while safeguarding the region’s ecological and cultural treasures
ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing
The deal is expected to close before the end of the first quarter of 2024
The development aims to offer an exceptional living experience and represents Roshn’s inaugural fully mixed-use endeavour
The sovereign wealth funds from Saudi Arabia, Qatar and the UAE appear to have become go-to investors in difficult times for the global markets
The fund has signed an agreement with Oman Investment Authority aiming to invest in a wide range of asset classes and target industries
The company will play a key role in improving the quality and production capacity of Ajwa dates in the Madinah region
The two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements
The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016
The biopharma investment firm seeks to advance formulation development, medicine development and manufacturing
The fund projected that Saudi Arabia would swing to a deficit in 2023 on lower oil revenue
The deal is aimed at supporting Tamimi Markets’ growth plans including a potential initial public offering
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
The new company will make tobacco-free nicotine delivery products available across Saudi Arabia by the end of 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
The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares
The company will benefit from Savvy’s long-term financial backing to deliver on its strategy to grow and deepen existing franchises
The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments
The deal is the largest of its kind signed in the Saudi banking industry
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030
Riyadh will be the company’s operational hub, and will connect the Saudi capital to over 100 destinations globally
The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East
Saudi Coffee Company‘s chairman Fahad Alnuhait tell us how the company is protecting the legacy of the kingdom’s coffee farmers
Emkan Capital’s technology fund will invest in pre-seed and seed-stage companies with high-growth potential
The fund has already invested in 16 companies and plans to list three of them on the Saudi stock exchange and two in the US next year
The joint-venture company aims to initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions
The proposed initial public offering of Olam Agri in Saudi Arabia would be the first listing of a global company in the country