The kingdom has been studying setting up the trading platform in the second half of 2023 but a decision is not expected any time soon
The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia
The transaction is subject to regulatory conditions and must comply with the right of first offer
The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600
Some companies have raised concerns over the regulatory framework, including taxation
Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy
A delegation of Saudi ministers and leaders were the first guests of the destination
The Public Investment Fund (PIF) of Saudi Arabia and Saudi Electricity Company (SEC) have launched…
The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year
The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares
The deal is expected to close before the end of the first quarter of 2024
Ben Stokes was unveiled as one of the athletes backing a new venture capital firm allowing sports stars to invest in consumer-facing startups
The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia
The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad
The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets
The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase
The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month
Kayanee will adopt a female-focused approach to all its services, prioritising mental, physical and social health to create a vibrant society
SRJ Sports Investments will invest in businesses specialised in offering unique fan engagement activities and transformative sports technology
The new company will invest in new tourism projects and develop attractive destinations in cities across the kingdom
The French striker has yet to make any decision on his next club, with only one year left on his contract at Paris-Saint Germain
The company will partner with players in the private sector to boost the production capacity of the camel dairy industry
Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope
The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016
We explore how the region is embracing esports and gaming as a significant cultural and economic force
Riyadh Air will join the global aviation sector with “RX” as its Airline Designator Code which was approved by the International Air Transport Association
The Ballon d’Or winner was with Real Madrid for 14-years before agreeing to move to the Saudi Pro League club on an initial three-year contract
The project seeks to raise Saudi Pro League’s commercial revenues from SAR450m in 2022 to over SAR1.8bn annually
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
The new solar projects, which will be jointly owned with ACWA and PIF’s Badeel, will have a combined production capacity of 4.55 GWac