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ADES Holding announces share price on IPO Image courtesy Ades Group

PIF-backed ADES Holding gets $76.5bn in orders for Riyadh IPO

ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing

Saudi’s flyadeal takes possession of 30th aircraft (Image: Supplied by flyadeal)

Saudi’s flyadeal takes possession of 30th aircraft

The 186-seat A320 neo aircraft is offered in a 3-3 all-economy class configuration

Amer Kharbush shines the spotlight on ROSHN’s design philosophy

Exclusive: Amer Kharbush shines the spotlight on ROSHN’s design philosophy

The group’s head of programme and project management tells Gulf Business that MARAFY is an example of the company’s approach to integrated community development

edtech - YaSchools

Edtech: Using technology to connect stakeholders

YaSchools started as a directory that hosted information of about schools but has evolved into a multi-service platform

Saudi Aramco to acquire Chile’s Esmax Distribusción

Saudi Aramco to acquire Chile’s Esmax Distribusción

The transaction will give Aramco access to retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant

Jeddah Tower

Jeddah Tower: Construction resumes on world’s tallest tower

It will be a mixed-use building featuring a luxury hotel, office space, serviced apartments, luxury condominiums and the world’s highest observatory

Flynas to begin flights to Addis Ababa from Riyadh and Jeddah (Image: Supplied by flynas)

Flynas to begin flights to Addis Ababa from Riyadh and Jeddah

From next month, the carrier will operate services thrice a week from both Saudi cities to the Ethiopian capital

WhatsApp Channels Global Launch_Image Meta

WhatsApp Channels sees global rollout, includes UAE and Saudi Arabia

Channels is a one-way broadcast feature that allows admins to send text, photos, videos, stickers, and polls to their followers

VFS global passport service offered thru camps Image VFS Global

Saudi Arabia: VFS Global, Indian embassy simplify passport renewal, attestation for Indians

VFS Global will conduct consular camps that offer passport renewal and document attestation services for Indian citizens in the kingdom

ACWA Power Chairman Mohammad Abunayyan

Saudi’s ACWA Power inks clean energy deals with Chinese firms

In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects

Tanmiah, Ukraine’s MHP invest in poultry value chain

Ukraine’s MHP, Tanmiah invest in Saudi Arabia’s poultry value chain

The partnership is expected to significantly boost food security and self-sufficiency in poultry products in Saudi Arabia

Marriott’s Autograph Collection to open in AlUla (Image: Supplied by Marriott International)

Marriott’s Autograph Collection to open in AlUla

The new hotel is set to open in 2025 and will be located in downtown AlUla

SAL Saudi Logistics IPO

SAL Saudi Logistics to sell 30% stake via IPO on local bourse

The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing

Saudi Arabia-India trade

Saudi Arabia to open investment office in India

Saudi minister said the government will send a delegation to India to look into the feasibility of opening such an office

EFG Hermes, Saudi Exchange showcase Saudi investment potential

EFG Hermes, Saudi Exchange showcase Saudi investment potential

The kingdom continues to be under-represented in the portfolios of emerging markets investors despite being the sixth index in the MSCI EM Index

G20 India

G20 Summit: 11 key highlights of the New Delhi declaration

Leaders from the G20 economies found common ground in spite of different stances on various issues

Saudi Arabia - India meet

Saudi Arabia, India sign 47 MoUs during Crown Prince Mohamed bin Salman’s state visit

Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries

Red Sea Global, Masdar and EDF sign for Amaala utlities concession agreement Image Red Sea Global

Red Sea Global, EDF, Masdar ink Amaala multi-utilities concession deal

Amaala will be powered entirely by solar energy, saving the equivalent of nearly half a million tonnes of CO2 emissions every year

saudi-india-meet cricket

Saudi Crown Prince Mohamed bin Salman, Indian PM Modi to meet: Trade, connectivity, defence on agenda

The two leaders will discuss all aspects of the bilateral including political, security, defence, economic, cultural and people-to-people ties

Brands For Less

IQ Robotics, Brands For Less Group unveil multi-million-dirham robotics transformation

Marking its fourth collaborative robotics transformation, the agreement aims to facilitate BFL Group’s expansion into Saudi Arabia

Abu Dhabi’s ICON unveils new brand identity

ICON set to launch new brand identity, opens office in Saudi Arabia

The new brand identity is designed to reflect the innovative company’s global vision

Saudi PIF-backed ADES Holding set to raise SAR4.6bn in IPO

Saudi PIF-backed ADES Holding seeks to raise SAR4.6bn from IPO

The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares

G20

G20 summit: UAE, Saudi Arabia, India, US announce historic trade corridor deal

The UAE, Saudi Arabia, India, EU, US and other G20 partners agreed to explore a shipping corridor project to augment trade between Europe and Indian subcontinent

Cityscape Global Saudi to debut in September

Cityscape Global 2023: Riyadh hosts world’s largest real estate event

The global event is expected to attract over 180,000 global stakeholders from across the entire real estate ecosystem

ROSHN joins UN Global Compact Image ROSHN

This is the first Saudi giga project to join UN Global Compact

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world

Saudi real estate, infrastructure projects top $1.25tn

Saudi Arabia’s real estate, infrastructure projects hit $1.25tn

NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed

oil price

Saudi Arabia, Russia extend oil cuts until December, crude jumps to highest level in 2023

Oil prices rose above $90 a barrel for the first time in 2023 on the back of the announcements made by Saudi Arabia and Russia

APICORP’s half-year net profit surges by 87

APICORP posts $108.7m in half-year net profit

The corporate banking portfolio grew by 5 per cent YoY to $4.3bn while its net interest income rose by 10 per cent to $45.9m

Red Sea - Al Ula

Red Sea Global partners with Al Ula to drive Saudi Arabian tourism sector

The agreement will help responsible development of the destinations and fulfill both their roles as cornerstones of Saudi Arabia’s Vision 2030