The new announcement reflects Yotel’s plans to grow both management and franchised projects in the Middle East region, as part of its larger strategy to reach 50 hotels by 2025
The consultancy will list shares on Tadawul’s Nomu-Parallel Market
Wassim Al-Khatib will also be the CEO of Lazard Saudi Arabia
The funds will be used to expand Tabby’s product line and support the company’s growing operations
Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand
The world’s largest oil exporter is seeking to strengthen its relations with crucial trade partners
The fund will conceptualise, finance and oversee development of more than 35 venues by 2030, with the aim of delivering its first asset by 2023
The Saudi government has made more than 700 regulatory changes as it seeks to attract investors
Prices for housing, water, electricity, gas and other fuels in the kingdom rose an annual 5.8 per cent, while food and beverages were up 4.2 per cent
The joint-venture company aims to initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions
Saudi National Bank was an anchor investor in Credit Suisse’s capital raise and now holds 9.9 per cent in the firm
Saudi Arabia has been beefing up investment and business ties with Korean companies, becoming a major shareholder of NCSoft Corp as well as Tokyo-listed Nexon Co
Upon completion in 2030, The Red Sea will comprise 50 resorts, offering up to 8,000 hotel rooms and over 1,000 residential properties across 22 islands and six inland sites
The mini terminal includes artificial intelligence-powered self-boarding kiosks and five luggage carousels as well as 15 meeting rooms for pre-flight cabin crew briefings
The proposed initial public offering of Olam Agri in Saudi Arabia would be the first listing of a global company in the country
Investments worth $100m are under consideration in Saudi Arabia
People visiting the kingdom with an Umrah visa can now visit any city in Saudi Arabia, and any visitor to the country will be allowed to perform Umrah at any time
The sovereign wealth fund’s other giga projects include NEOM, Red Sea, Qiddiya and Roshn
Companies are looking to raise their staffing capacity in response to an increase in sales and higher demand
The Luberef IPO marks the firm’s eighth private equity exit, and at SAR5bn the offering brings Jadwa’s aggregate private equity distributions to clients to SAR11bn
Non-oil exports mainly comprised chemical and allied industries, accounting for 41 per cent of the total non-oil merchandise exports
The kingdom’s Education and Training Evaluation Commission has said female students will not be permitted to wear loose-fitting, full-length robes at the time of examination
The committee also witnessed the signing of an MoU between the Saudi Fund for Development and the Ministry of Economy of Azerbaijan
The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China
The event gathered CIOs, CEOs, CTOs, heads of research, industry practitioners and IT experts in cloud computing
The facility is set to start operations in 2027
Prince Khalid also paid an official visit to the headquarters of BAE Systems, a British multinational arms, security and aerospace company in Wharton, Cumbria
The investment will allow the sovereign wealth fund to participate in the acceleration of energy transition and clean energy at an international scale
Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn
The service allows investors to start investing in private markets without funding the entire commitment from day one