The Saudi-based juice manufacturer, which signed a $1 billion deal with Coca-Cola in 2011, plans to launch Rani and Barbican brands in international markets.
The firm made a net profit of 209.6 million riyals ($55.9 million) in the fourth quarter.
The government’s bumper spending spree translated into higher salaries in the Kingdom.
Mace will manage the development while the 1km tower will be built by Saudi construction firm Bin Laden Group.
King Abdullah is seen as having pushed to cautiously advance the role of women in Saudi society.
Once again, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud tops the Gulf Business power list. In an exclusive interview, he opens up to Aarti Nagraj on how it felt to double his share price in 2012 and why he fears for the Saudi unemployment timebomb.
The mining firm shut down the plant for three weeks for maintenance.
Kingdom Holding already has investments in China’s entertainment and hotel sectors.
The first instalment is due to be repaid in the second half of 2013.
The Saudi affiliate of Abu Dhabi-based utility Tabreed is developing a 55,000 RT project in Mecca.
The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.
The offer from trade minister, Toshimitsu Motegi, was aimed at freeing up extra oil.
The Kingdom is expected to spend $2 billion on ships from a Bremen-based dockyard.
Prince Alwaleed Bin Talal tops the Gulf Business list of the most powerful Arabs in Saudi Arabia.
The agreement would allow Japan to quickly seek additional oil supplies via a telephone hotline.
The company enjoyed better than predicted profit growth last quarter of $501 million.
The Saudi Arabian city offers a “cheap cost of living in a more stable environment,” says new survey.
Mohammed bin Abdulmalik Al al-Sheikh has been appointed as chairman of the Kingdom’s Capital Market Authority
Jameel Abdullah al-Molhem is the latest in a line of senior executives to leave the company.
Jeddah-based Gulf Installments will focus on offering Sharia compliant services to SMEs in Saudi Arabia.
The firm, owned by Saudi billionaire Prince Alwaleed Bin Talal, has formed a sharia board to raise more of its funds through Islamic finance.
The money will fund the Umm Wual phosphate project at Waad Al-Shimal City.
The mining firm plans to close a diammonium phosphate fertilizer plant for three weeks.
The Kingdom has budgeted expenditure of SAR820 billion for 2013, 19 per cent higher than the amount budgeted for 2012.
Investment firm Amwal AlKhaleej says it has exited its investment in Saudi’s Al Rowad Education Group for a “very high return.”
Kuwait-based Arab Fund for Economic and Social Development has a capital base of around KWD2 billion.
The mobile company reported a new loss of SAR443 million in the fourth quarter of the year.
The telecoms operator faced one-off charges related to affiliates in South Africa and India.
The Saudi conglomerate owned by billionaire Prince Alwaleed made a net profit of $55.9 million in the fourth quarter of 2012.
The mining company attributed the increase to the beginning of commercial production of ammonia and DAP