The healthcare company began trading publicly on Tuesday and rose 15 per cent on debut as it hovered around the SAR139.60 mark
The kingdom sold $5bn, $3bn and $4bn in tenors of three, six and 10 years, respectively, and the total order book reached around $37bn
The Shariah-compliant financing structure forms part of PIF’s continued objective of diversifying its funding sources
ECG2.0-Fund2 anticipates exiting its industrial services platform through an initial public offering (IPO) targeted within two years
Mubadala and its subsidiaries deployed $29.2bn in 2024, up from $17.5bn invested in 2023, according to a report from Global SWF
SEVEN’s investment in Jazan is part of a larger, SAR50bn initiative to develop 21 entertainment destinations in 14 cities across Saudi Arabia
Parkin’s move into the Saudi market further solidifies its position as a regional leader in parking solutions, with the company’s expertise in Dubai paving the way for broader GCC expansion
Money20/20 Middle East aims to become the largest fintech event in the region, featuring a diverse lineup of keynote speakers, panel discussions and networking opportunities
Ardian and PIF will acquire 22.6 per cent and 15 per cent, respectively, of FGP Topco for a total of $4.12bn
Riyadh Metro’s red and green lines will open on December 15, bringing it one step closer to its full rollout
ADNH Catering and Al-Rushaid Petroleum Investment Company will each hold a 50 per cent stake in the joint venture once the deal is finalised
The 2034 edition will bring the global spectacle back to the Middle East, with Saudi Arabia becoming the second nation in the region to host the tournament, following Qatar’s hosting of the 2022 event.
Adeera seeks to introduce a portfolio of distinctive Saudi hotel brands serving various segments, from mid-range to ultra-luxury, for different categories of visitors
Parsons currently has more than 50 active projects in Saudi Arabia
The latest developments come ahead of the formal launch of another Trump Tower this week in Jeddah, Saudi Arabia’s second-largest city
Saudi Arabia’s pharmaceutical market is expected to exceed $11bn by 2032, driven by a compound annual growth rate of around two per cent
This marks Apple’s first direct retail service in the kingdom and is a significant milestone in the company’s local operations
Saudi Aramco said it is lowering the official selling prices for refiners in Asia, which buy about 70 per cent of the kingdom’s crude
IHG is positioning itself to play a major role in the transformation of Al Madinah into a modern, culturally rich hub for both pilgrims and tourists
OPEC+, which pumps about half the world’s oil, had previously been planning to start unwinding cuts from October 2024
The partnership will unlock up to $10bn in financing for Saudi Vision 2030 projects, boosting cooperation and commercial collaboration between the two nations
The Riyadh HQ will further bolster the aircraft maker’s commercial, defence, space and helicopter businesses in the region and globally
The indicative share price of SAR123 and SAR127 per share implies a market valuation of around SAR5.6bn at the top of the range
These hotels will cater to a broad spectrum of travellers, from religious pilgrims to business visitors, and are expected to play an important role in accommodating the rising number of visitors to Madinah
At the UNCCD COP16 in Riyadh, Saudi Arabia launched the Riyadh Global Drought Resilience Partnership. With over $12bn pledged, the initiative seeks to combat the growing threat of droughts worldwide
Captured carbon dioxide will be transported through pipelines to be stored below ground in a saline aquifer sink
TotalEnergies will build the 0.3 GW park in the Rabigh Industrial City in partnership with local Saudi developer Aljomaih Energy and Water Company
Tuaja plans to open additional resorts across Saudi Arabia by 2030, with each resort inspired by the culture and heritage of the host city
The healthcare operator is offering 13.3 million shares to investors – equivalent to 30 per cent of the company’s paid-up capital
The Riyadh Metro currently has two-hour, three-day, one-week and 30-day ticket pricing plans, all available via a new mobile app
Saudi Arabia Archives | Gulf Business
