Dallah will issue 3.89 million shares to Ayyan as part of the capital increase, valued at SAR660m
The wealth fund is said to discussions with both aircraft manufacturers and lessors to acquire Boeing 777 and Airbus A350 freighters
The perfume retailer is offering 7,500,000 shares to investors—equivalent to 30 per cent of the company’s paid-up capital
The mediating countries – Qatar, the US, and Egypt – have so far failed to narrow enough differences to reach an agreement in months of on-off negotiations
The multi-year sponsorship deal with Concacaf complements the airline’s existing agreement with Spain’s Atlético de Madrid
SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market
Initially, Riyadh Metro is expected to carry 1.2 million passengers daily, with the capacity to expand to 3.6 million at full scale
Sectors such as clean energy, metals and minerals, transport and logistics, and digitalisation are expected to see significant funding as part of the kingdom’s economic diversification efforts
Eight out of the 14 MENA IPOs in Q2 2024 delivered positive returns by the end of June, with Miahona Company achieving the highest gain of 90.4 per cent
The updated law fosters a level playing field for both domestic and international investors
The funds have been allocated for a wide range of initiatives, from essential research to applied technologies
The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals
ACWA Power continued its expansion through the period, adding a record 10.5GW of renewable power generation capacity to its portfolio
The government is considering helping pay off dues to banks, lending to the firm, and even potentially increasing its stake
State investors accounted for 54 per cent of the $96bn deployed by sovereign funds – the highest rate since 2009
Blinken has spoken to his counterparts in Saudi Arabia, the UAE and Qatar as tensions have ratched up in the region, in recent days
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said OPEC+ could pause or reverse the production hikes if it decided the market is not strong enough
PIF signed the MoUs with key Chinese financial institutions, including the Agricultural Bank of China and Bank of China
Oil has fallen from a 2024 high, above $92 a barrel in April to trade around $81, on July 30
The kingdom’s total public debt stood at SAR1.149tn at the end of June, up from SAR1.05tn at the end of last year
The kingdom’s GDP decreased by 1.7 per cent in Q1 2024, as cuts to oil production have continued to weigh on the country’s economy.
The listing will become active three months after the first warehouse company has been approved in the new location
The kingdom is working to secure access to lithium and other minerals as part of its goal to turn itself into a hub for battery and EV manufacturing
Covering more than 660,000 square meters, the stadium will serve as the home ground for Saudi Arabia’s national soccer team
The steel manufacturing facility has an annual production capacity of 2.5 million tonnes of direct reduced iron and nearly 1.7 million tonnes of steel
The expansion of flynas’ fleet is expected to boost the airline’s capacity and range while enhancing its overall fleet capabilities
The MD of Al-Futtaim Electric Mobility Company shares that EV maker BYD’s SEAL, SONG PLUS and HAN models are very popular in the UAE and Saudi Arabia
The VP and GM of Honeywell Building Automation (META) delves into the company’s expansion strategy in Saudi Arabia, including the opening of its new facility in Dhahran
Jack Fletcher, a privacy expert at FTI Consulting, shares his perspectives on the current state of readiness among organisations ahead of the enforcement of the Saudi Personal Data Protection Law in September
In a statement posted late on Friday by Saudi Arabia’s airports company, Matarat Holdings, it confirmed that operations are back to normal