The combined net profits of Saudi Arabia’s leading companies are expected to rise 17 per cent in 2014.
Savola said in August it had held preliminary talks with one of Americana’s largest shareholders about buying a stake in the firm.
State-controlled PTT and Aramco will each own 40 per cent of the project at Binh Dinh’s Nhon Hoi economic zone, with the Vietnamese government holding the remaining 20 per cent.
The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes for the port of Dammam.
Located in Riyadh, the new centre is expected to create 3,000 local jobs for Saudi women.
The company will sell its 30.4 per cent holding in the Masharef project to Kinan International Company for Real Estate Development.
The government’s reluctance to crackdown on expressions of intolerance towards non-Sunnis has raised questions.
The North American shale boom has not only cut crude imports into the United States but also turned it into a net products exporter.
In a strong measure of support, Saudi Arabia has agreed to host training camps for moderate Syrian rebels.
Brent crude hit an intraday low of $97.60 on Wednesday, its weakest level since April 18, 2013.
U.S. officials declined to specify where on Saudi territory the rebels would be trained.
The reduction comes as oil prices have come under downward pressure from ample supply and concerns about slower global demand.
The requests for proposals were issued by the parent firms to banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities.
Itqan currently manages four sharia-compliant funds: a money market fund and three real estate funds.
The family group, which collapsed during the financial crisis, said in May that it had direct liabilities to financial institutions worth around $6 billion.
The meeting will address the issue of terrorism and the rise of extremist organisations in the region.
The UAE, specifically Dubai, has been exemplary in diversifying revenue streams, stated a report by Alkhabeer Capital.
Saudi officials said they would send female athletes to the next Olympics, but that they were not yet competitive enough for Asian Games.
The firm will hold a general meeting on Sept. 15, it said without specifying the possible size of the issue.
The smaller scale of outbreak in Nigeria is relatively less worrying when compared to other Ebola-hit countries, an official was quoted as saying in local media.
The chairman of the Islamic Crescent Observation Project (ICOP) has reportedly said that Eid Al Adha could also fall on October 4.
In February, King Abdullah decreed prison terms of three to 20 years for travelling abroad to fight.
Al Khodari’s new activities will include supplying and installing solar energy equipment and systems, it said in a statement to the Saudi bourse.
Transport consultancy Consultrans said it had been awarded a 10-month contract to conduct the study.
A draft law limiting working hours is among measures to limit the impact of labour reforms in the Kingdom
The Kingdom is wary of the growing influence that the Islamic State is wielding across the region.
The Kingdom has stationed health officials at all entry ports to monitor the health status of pilgrims coming to perform Haj, officials said.
The project will be financed 40 per cent equity and 60 percent debt, the company said.
The court said charges ranged from “the establishment of a terrorist cell planning to targeting oil pipelines,” having weapons, and planning attacks and at home and in Bahrain.
The Briton was in a women-only checkout aisle at a supermarket in Saudi Arabia when the officers approached him.