Investors were also perusing the prospectus of Saudi Aramco’s initial public offering, which will take place in Riyadh
Analysts from 16 banks have offered a valuation on the company, ranging in estimates from $1.1 trillion at the bottom right up to $2.5 trillion
Many Saudis have said they’ve been saving up to buy into the industry
An agreement was signed between the Southern Transitional Council and the Yemeni government in Riyadh
Business conditions in the kingdom’s non-oil private sector improved last month at the fastest pace since August 2015
With its blend of cultural richness and strong heritage, Saudi Arabia opens its doors to the world
The partnership with the Saudi General Entertainment Authority runs through 2027
The transaction is set to close in the first half of 2020
Everyone is being encouraged to invest in the kingdom’s most important asset
The IPO process officially started Sunday, with the company filling a so-called intention to float document
Saudi currently levies an expatriate fee on companies and as well as a dependents fee on foreign nationals
The kingdom has deported 1,025,699 violators since November 2017
The final offer price, number of shares to be sold and percentage of the shares to be sold is yet to be determined
The new charge will be imposed on passengers travelling on domestic routes
Aramco’s shares are likely to start trading in December
Aramco is also considering boosting next year’s dividend to $80bn to win over investors
Economic growth is estimated at 2.3 per cent in 2020 compared with 0.9 per cent this year
The initial public offering will happen soon, says energy minister
Standard Chartered Plc and Banque Saudi Fransi are advising on the talks with local and international lenders
The two governments will form a council which will define the sectors and the timing of the investments
A majority in the survey conducted felt that energy manufacturing should be a shared responsibility of the government and private sector
The decision aims to “increase competitiveness” in the kingdom’s university education system
Saudi Aramco is working toward an IPO that may raise $40bn
FreshToHome.com is among the top five e-grocers in the UAE, making over 1,000 daily deliveries
Nigeria is holding talks with Saudi Arabia for the supply of oil products to the African country
The event, slated to be held in Riyadh in March, will facilitate AI knowledge exchange
It also reported that Saudi Arabia’s Capital Markets Authority will announce the start of the initial public offering process on Sunday
The group operates the BinDawood and Danube supermarkets and hypermarkets
The kingdom aims to receive 100 million annual visitors by 2030
Yayoi Kusama’s “All the Eternal Love I Have for the Pumpkins” is on view at Miami’s Institute of Contemporary Art