Since 1975, SFD has funded more than 700 development projects worth $18.7bn in over 90 countries around the world
The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region
The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn
It will include Saudi Arabia’s first W Hotel and a JW Marriott property too
The influx of new hospitality and tourism-related projects in the region is fostering new trends that add value and efficiency
According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022
Saudi National Day is celebrated to mark the unification of Hejaz and Najd into one unified kingdom
The interview conducted by TV host Bret Baier touched upon a range of international issues
The 186-seat A320 neo aircraft is offered in a 3-3 all-economy class configuration
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
The transaction will give Aramco access to retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant
In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects
The partnership is expected to significantly boost food security and self-sufficiency in poultry products in Saudi Arabia
The new hotel is set to open in 2025 and will be located in downtown AlUla
The airport is set to open this year along with the first three resorts at The Red Sea destination
The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing
Saudi minister said the government will send a delegation to India to look into the feasibility of opening such an office
Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries
The two leaders will discuss all aspects of the bilateral including political, security, defence, economic, cultural and people-to-people ties
Marking its fourth collaborative robotics transformation, the agreement aims to facilitate BFL Group’s expansion into Saudi Arabia
The new brand identity is designed to reflect the innovative company’s global vision
Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world
NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed
Telefónica benefits from a portfolio of infrastructure assets and technology platforms, where it is developing capabilities in areas such as cognitive intelligence, edge computing and IoT
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
The data centre will store data locally in line with Saudi Arabia’s data regulations
The low-cost carrier now has four bases across Saudi Arabia
ACWA Power signed the strategic cooperation agreements at the Saudi-Italian Investment Forum held in Milan on September 4
The kingdom’s incoming tourism revenue grew by about 225 per cent to reach SAR37bn in the first quarter of this year
Since July, the kingdom has pledged to implement a unilateral production cut of one million barrels a day on top of existing curbs