The brokerage expects Saudi Arabia to be less exposed to trade risks, and upgraded the top oil exporter to “overweight” from “underweight”
Anchor investors will subscribe for 40 per cent of the shares at the maximum price
NEOM will be able to increase agility across business processes and accelerate innovation by accessing new cloud services on-premises
Abdullah Al Othaim Investment Company decided to cancel the listing of a 30 per cent stake on the Saudi stock exchange
The scattered debris caused minor injuries to 12 civilians
Batelco has hired the investment arm of Samba Financial Group as an adviser on the deal
The company has put thousands of employees on indefinite leave in recent months
The Shawwal crescent was not sighted on Friday evening
The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital
The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations
Since the outbreak, Saudi Arabia has reported a total of 13,930 Covid-19 infections
The kingdom has reported more than 10,000 cases of Covid-19
Government stimulus packages and previous experience with coronavirus will allow for quick and effective measures to combat slump, says real estate consultancy
The kingdom has been bringing back stranded Saudi citizens from around the world
The figure marks the highest volume in a year
The kingdom has allocated an amount of SAR50bn to expedite the payment of dues to the private sector
It has given a 72-hour period for its citizens and residents from the countries on the list to return to the kingdom
All those with Umrah visas will also not be permitted to travel to the kingdom
The kingdom has implemented a strict Saudisation policy in several sectors
The Saudi cabinet approved the scheme last month, but the online portal to apply was only opened to the public on Sunday
Last week, the Saudi cabinet approved the special residency scheme aimed at attracting wealthy and high-skilled expats
The new scheme was approved by the Shoura Council earlier this month
Saudi has seen locust outbreaks since the start of this year
Saudisation is now mandatory in several retail sectors in the kingdom
Private sector employees in the kingdom receive four days off for each of the Eid holidays and leave for paternity
In this year’s collection of powerful and influential individuals we have a heady mix of consolidation and breakthrough
The shops were leased by Saudi nationals and illegally run by expatriates on a profit sharing basis, according to reports
The insects were seen covering the walls and floor of the mosque
The kingdom’s labour force will now receive a two-day break
The prices for the rail line vary depending on the class and the destination