The Diriyah Gate Development Authority delayed the evacuation of vacated properties in Al Faisaliyyah neighborhood and some neighboring places within the scope of Diriyah Gate. The remaining neighborhoods, Al-Nakheel, Al-Khuzama and Arqa, will be dealt with in accordance with the...
GCC investment funds are in talks to acquire distressed real estate development companies in China, capitalizing the Chinese government’s incentives and the real estate prices that hit their lowest level, Al Eqtisadiah newspaper reported, citing informed sources. Independent...
US-based IBM started preparations for its new software development center in Riyadh, under the management of Gaya Magie, who relocated to Saudi Arabia to lead the new center, Al-Eqtisadiah newspaper reported. Ayman AlRashed, Regional Vice President of IBM Saudi...
The Ministry of Industry and Mineral Resources and the Ministry of Investment invite mining companies and explorers worldwide to register for the Mining Exploration Enablement Program, as part of the Kingdom's efforts to enhance and develop the mining sector and transform it into the third pillar...
Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, stated that he anticipates Makkah will host 30 million Umrah performers annually by 2030. Al-Aboudi made these remarks during his participation in a panel discussion at the second edition of the...
ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has signed an agreement with Google Cloud that seeks to leverage artificial intelligence (AI) to transform how it uses and benefits from data analysis. The collaboration will see Saudi...
The Ministry of Human Resources and Social Development (HRSD) launched an initiative to improve the contractual relationship for domestic workers. In a statement, the ministry indicated that the initiative regulates the procedures for unilaterally terminating the employment...
Five investors were convicted of violating the Capital Market Law and fined SAR 3.5 million. Four investors and a local company were ordered to pay SAR 41.4 million due to the illicit gains achieved in their investment portfolios, in addition to another portfolio. The Appeal...
Riyad Bank’s board of directors approved on April 3 to start assessment and preparation of a possible initial public offering (IPO) of its subsidiary, Riyad Capital for listing on the Saudi Exchange (Tadawul), according to a statement to Tadawul. Riyad Bank and Riyad Capital ...
Saudi Electricity Co. (SEC) fully redeemed its $1.5 billion international sukuk due on April 8, 2024, listed on Irish Stock Exchange (Euronext Dublin), issued on April 8, 2014. In a statement to Tadawul, the company said 7,500 sukuk were redeemed at a par value of...