Saudi news

Nusaned Fund 2 signs an agreement to acquire 35% of the “Golden Compass”

Al Ahli Private Investment Fund Company – “Nusaned Fund 2” – has signed an agreement to acquire a 35% stake…

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Aramco and Sonatrach raise official selling prices for liquefied petroleum gas in February

Dealers reported that the Algerian oil-producing companies Saudi Aramco and Sonatrach raised the official selling prices of liquefied petroleum gas…

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Gold and Copper “Kefi” is planning a dual offering of its shares in Saudi Arabia

The “Kefi” company for gold and copper has appointed financial advisors to lead a double offering of its shares in…

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SAMA authorizes a financial technology company to engage in debt crowdfunding

The Central Bank of Saudi Arabia announced the licensing of the “Raqimiya for Debt Crowdfunding” company, which is one of…

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The Saudi “ministers” stress the necessity of reviving the peace process and stopping the Israeli aggressions

The Saudi Cabinet stressed the need to revive the peace process, and called on the international community to assume its…

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opening "Saudi House" Manama for this reason

The Saudi Football Association is establishing the “Saudi House” area to coincide with the 33rd General Assembly meeting of the…

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Stopping the feed cracking unit at Sadara Chemicals for maintenance

Sadara Basic Services Company announced its intention to suspend the feedstock crushing unit of its parent company, Sadara Chemicals, to…

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The Saudi Investment Bank starts issuing the second issue of sukuk

The Saudi Investment Bank announced the launch of the second issuance of the Sukuk Program from the first tranche denominated…

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Profits of “Jarir Marketing” rose 1.9% to 267.6 million riyals in the fourth quarter

The net profit of Jarir Marketing Company increased by 1.9% in the fourth quarter of 2022, to 267.6 million riyals,…

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Saudi Arabia’s gross domestic product grew by 5.4% during the fourth quarter

Data from the Saudi General Authority for Statistics showed that Saudi Arabia’s real GDP grew by 5.4% in the fourth…

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