The incident took place in the town of Awamiya on Monday evening.
All jobs previously occupied by expats will be considered vacant until qualified Saudi citizens can fill them, the ministry said.
The firm made a net profit of $117.9 million in the three-month period to December 31.
Gunmen killed two Americans, two Britons and an Australian at the offices of a foreign company in Yanbu.
SABB attributed its profit rise to higher operating income.
The Kingdom kept production in November at steady levels from October when it cut output.
The bank’s net profit for the quarter was boosted by a 22 per cent jump in total operating income to 671.1 million riyals.
Saudi Arabia’s third-largest lender by assets saw Q4 profit grow as income rose and expenses declined.
The Saudi firm might instead focus on tying up term contracts on a free-on-board basis with sellers like India’s Reliance Industries.
The move is designed to make it more attractive for young Saudis to seek jobs in private companies.
Healthcare is the second fastest growing sector after government in terms of IT spending.
Discussions are ongoing in the Kingdom, says Jumeirah’s president and group CEO, Gerald Lawless.
The U.S. Secretary of State spent two hours and 40 minutes with King Abdullah. Earlier in the day he met with the King of Jordan.
The flight, arriving from Mashhad in Iran before dawn, was carrying 315 passengers and suffered a technical malfunction.
Officials say that the new labour deal will better protect the rights of foreign domestic workers in the Kingdom.
The Kingdom’s monopoly utility said it would offer the sukuk to investors between Jan. 9 and Feb. 27.
Regional stock markets are projected to reflect expectations for solid global economic growth this year.
All shops in Saudi Arabia are supposed to shut for half an hour during the daily Muslim prayers.
The total confirmed cases of the respiratory disease has reached 176, of which 74 have died, the WHO said.
The Kingdom needs to arm its young graduates with on-the-job training and vocational education, experts say.
Lower demand and higher local wages are expected to drag growth in Saudi Arabia’s retail sector, says NCB Capital.
The 550-megawatt integrated solar combined cycle plant will be located near Tabuk on the Red Sea coast.
Brands in the Middle East are failing to deliver loyalty programmes relevant to consumers’ needs, according to a survey.
The name of the prince was not revealed.
Some of the money is likely to be spent on weapons from France, said Lebanon’s President Michel Suleiman.
Massive government spending is driving Saudi Arabian real estate growth, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.
Alwaleed’s Kingdom Holding bought a $300 million stake in Twitter in December 2011.
The $10.8-billion aluminium plant at Ras al-Khair shut one of its smelting lines in mid October.
The new infections bring the worldwide total of confirmed cases to 170 with 72 deaths, the WHO said.
The $7 billion project in city of Waad al-Shimal is a joint venture between Ma’aden, Saudi Basic Industries Corp and Mosaic.