The company, the Gulf’s largest dairy firm, has previously sold two Islamic bonds in local currency, open only to Saudi institutional investors.
Abdulaziz Al Helaissi is rumoured to become the new deputy central bank governor.
Currently, foreign investors can only buy shares in the largest Arab market through swap deals involving international investment banks.
Saudi Aramco’s Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC.
Saudi Arabia has reported 23 confirmed cases in total of people infected by the coronavirus, says WHO.
The Saudi billionaire’s investment vehicle plans to sell its stake in 20-30 hotels in the next two years.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
The 370-room hotel marks the company’s eighth signed property in Saudi Arabia and follows recent agreements for JW Marriott hotels in Doha and Casablanca
Globally, there have been 17 confirmed cases of human infection with the novel coronavirus (NCoV), including 11 deaths.
KSA’s oil minister said it is good news that U.S. crude output has jumped to the highest level in around 20 years.
Saudi Oil Minister Ali al-Naimi is giving a major energy speech in the US on Tuesday.
The SABIC unit shut its ethylene oxide/ethylene glycol plant for scheduled maintenance.
A shortage of land in big cities has frustrated efforts to build half a million homes – a project ordered by King Abdullah in 2011.
Some 60 per cent of nearly 20 million Saudis are estimated to live in rented accommodation rather than homes they own.
The Kingdom’s Shura Council has recommended changing the country’s official weekend.
The firm posted a net profit of SAR1.55 billion, attributing the profit drop to charges relating to an Indian affiliate.
The firm made a net profit of 110.1 million riyals ($29.4 million) during the three months ended March 31, compared with 100.8 million riyals in the same period a year earlier.
Mobily’s revenue for the three months to March 31 was 5.63 billion riyals, up from 5.01 billion riyals from the prior-year period.
Prince Khaled bin Sultan has been removed from his post, replaced by Prince Fahd bin Abdullah bin Mohammed bin Abdulrahman.
The company, which employs 40,000 people spread across 40 countries, made a net profit of around $6.59 billion in 2012.
The deal will take V-22 Osprey aircraft, advanced refueling tankers, anti-air defense missiles and 25 F-16 Desert Falcon jets to the region.
Net income for the three months to March 31 was 6.56 billion riyals ($1.75 billion) compared to 7.27 billion riyals in the same period last year.
The world’s largest oil exporter shipped around 7.09 million bpd in January.
Saudi Arabia has been deporting hundreds of thousands of illegal foreign workers as part of labour market reforms.
King Abdullah announced the SAR250 billion scheme in 2011 to build 500,000 housing units over several years
Saudi Arabia, the world’s top oil exporter and birthplace of Islam, is a key regional U.S. ally.
The affiliate of Kuwait’s Zain, made a net loss of 398 million riyals ($106.13 million) in the three months to March 31.
Aramco said Manifa’s output will reach 500,000 bpd by July and 900,000 bpd by the end of 2014.
The move will “save more than 500,000 jobs”, says the Kingdom Holding chairman.
National Commercial Bank’s net profit was boosted by higher special commission and fee income.