The electric carmaker awarded the contract for a production facility spanning more than one million square meters
The fund has held a 4 per cent stake in Aramco since 2022 and indirectly holds another 4 per cent that was transferred last year to Sanabil
The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain
Al-Rumayyan’s comments signal that data centres may be a core part of the kingdom’s strategy to capitalise on the booming demand for GenAI technology
Sovereign funds in the GCC region are key to their respective governments’ national development plans and contribute to deploying national wealth in strategic sectors of interest
Sindalah will open its doors in 2024, giving a taste of luxury and fun in the future
The UAE consolidated its status as the preferred destination for investors due to its business-friendly regulations and efficient legal framework
The government has lined up Citigroup, Goldman Sachs and HSBC for the sale, which could take place in the second or third quarter of this year
The kingdom aims to attract 150 million tourists by 2030, with 80 million domestic and 70 million international tourists
Savola’s board has approved the rights issue and the distribution of Almarai shares
Alat aims to create 39,000 direct jobs in Saudi Arabia by 2030, and achieve a direct non-oil GDP contribution of $9.3bn by the same year
A man overseeing the kingdom’s main pre-Islamic heritage sites at AlUla has been arrested on corruption charges
The triple-tranche bond sale generated strong demand, with orders worth over $27bn
The fund said the investment will enable MEPCO to expand its production, raise its operational efficiency, and support environmental sustainability
The kingdom has been studying setting up the trading platform in the second half of 2023 but a decision is not expected any time soon
The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia
The transaction is subject to regulatory conditions and must comply with the right of first offer
The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600
Some companies have raised concerns over the regulatory framework, including taxation
Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy
A delegation of Saudi ministers and leaders were the first guests of the destination
The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year
The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares
The deal is expected to close before the end of the first quarter of 2024
Ben Stokes was unveiled as one of the athletes backing a new venture capital firm allowing sports stars to invest in consumer-facing startups
The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia
The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad
The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets
The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase
The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month