Tag: Saudi Arabia
Saudi Set for Biggest IPO Since 2014
(Bloomberg) -- Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1...
Saudi Arabia’s Long-Delayed Banking Hub Gets a Trendy Makeover
There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is...
Dussur Appoints Dr. Raed Nasser AlRayes as CEO
Dussur, a strategic joint venture of the Public Investment Fund (PIF), Saudi Aramco and SABIC, announced the appointment of Dr. Raed AlRayes as its...
Saudi Aramco Sells $12 Billion of Bonds in Unprecedented Debut
Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion...
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
(Bloomberg) -- Saudi Arabian Mining Co. wants to more than double gold output within five years.
Maaden, as the state-backed company is known, plans to boost...
Opinion: Saudi Arabia’s $69 Billion Clue for Oil Markets
(Bloomberg Opinion) -- It’s not every day that the world’s biggest oil company buys the most profitable chemicals business.
Saudi Arabian Oil Co., better known...
GEMS Is Said to Bid for Top Saudi School Chain
(Bloomberg) -- GEMS Education, the Dubai-based school operator backed by Blackstone Group LP, is in advanced talks to invest in Saudi Arabia’s Maarif for...
Saudi Launches $23bn Riyadh Beautification Program
(Bloomberg) -- Saudi Arabia plans to pour 86 billion riyals ($23 billion) into beautifying its capital, Riyadh, with projects expected to create tens of thousands...
Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not...
(Bloomberg) -- OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second...
Saudi Stocks Advance Most in Mideast as Banks Recover
Stocks in Saudi Arabia climbed the most among Middle Eastern equity markets on Sunday, boosted by banking shares, after the government said it has...
