Business & Money | Thursday 14 September, 2023 11:59 am

AlJazira Capital, Osus launch real estate investment fund

AlJazira Capital Co. and Osus Real Estate Co. launched a private closed-end real estate investment fund (REIT) with a targeted investment volume of more than SAR 1.7 billion.  The fund will mainly focus on developing mixed-use projects (residential, hotel, office, ...

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Business & Money | Thursday 14 September, 2023 11:54 am

CMA plans regulations review, studies 50 new IPOs: El-Kuwaiz

As many as 19 businesses are waiting to complete listing procedures in the Saudi financial market, Chairman of Capital Market Authority (CMA) Mohammed El-Kuwaiz said on the sidelines of the EFG Hermes Saudi Forum in London. The CMA is also considering almost 50 listing applications, he...

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Business & Money | Wednesday 13 September, 2023 10:07 am

Saudi Arabia aims for SAR 171 bln pvt sector mining investments by 2030

Saudi Arabia seeks to increase private sector’s investments in mining to SAR 171 billion by 2030, Al Eqtisadiah reported, citing the Ministry of Industry and Mineral Resources.   Mineral production in Saudi Arabia is forecast to grow over the coming years amid the Kingdom’s...

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Business & Money | Wednesday 13 September, 2023 9:59 am

AlUla Development Company signs agreement with Marriott International to bring Autograph Collection Hotels to AlUla in Saudi Arabia

AlUla Development Company (UDC), fully owned by the Public Investment Fund (PIF), has signed recently an agreement with Marriott International to open an Autograph Collection property in Saudi Arabia. Expected to open in 2025, the hotel will be located in the heart of downtown AlUla. The...

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Business & Money | Wednesday 13 September, 2023 9:55 am

SAUDIA becomes first airline to operate to and from Red Sea International airport

: Saudi Arabian Airlines (SAUDIA), the national carrier of Saudi Arabia, has signed a memorandum of understanding with the Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations “The Red Sea” and...

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Business & Money | Wednesday 13 September, 2023 9:40 am

‎“Royal Commission for Makkah City and Holy Sites” Launches the Largest Real Estate Fund Valued at SAR 11 Billion

The Royal Commission for Makkah City and Holy Sites announced today the launch of the largest real estate fund, valued at SAR 10.93 billion, in partnership with Thakher Development Company and Albilad Capital. The establishment of the fund aims to develop the Al Kidwa area located south of the ...

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Business & Money | Tuesday 12 September, 2023 8:59 am

EFG Hermes collaborates with Tadawul to kick off EFG Hermes Saudi Forum in London

EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announces the commencement of its EFG Hermes Saudi Forum in London today. Under the theme of 'Looking for Sustainable Growth', the two-day event is being held in collaboration with the Saudi Exchange and will...

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Business & Money | Tuesday 12 September, 2023 8:50 am

Retal, Marriott sign agreement to set up waterfront in Al-Khobar

Retal Urban Development Co. signed a strategic agreement with Marriott International - the world's largest hotel operator - to launch the Ritz-Carlton Hotel and develop a luxurious waterfront along the coast of the Arabian Gulf in Al-Khobar.   The signing of the agreement came during ...

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Government | Tuesday 12 September, 2023 1:14 am

Partnerships in promising sectors on Saudi-India agenda: Crown Prince

Crown Prince and Prime Minister Mohammed bin Salman said that relations between Saudi Arabia and India are historic and of mutual interest, with the countries working on future opportunities.    "There is a lot on agenda that we are working on, as we...

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Business & Money | Tuesday 12 September, 2023 1:12 am

Red Sea Global inks multi-utilities deal with French-UAE consortium for Amaala

Red Sea Global (RSG), the developer of Amaala and The Red Sea projects, entered into a concession agreement with French multinational electric utility company EDF and Abu Dhabi Future Energy Company (Masdar) to develop a multi-utilities infrastructure facility for...

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