From F1 to CR7, oil-rich Saudi Arabia’s sports shopping spree
Al Nassr’s surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by oil-rich Saudi Arabia. The conservative Gulf monarchy is attempting to attract foreign interest as it diversifies its economy away from oil. Here are some of the moves that have turned Saudi Arabia into a major […]
Riyadh Season 2022 visitors exceeds 10mln in less than 3 months
The number of visitors of Riyadh Season 2022 have exceeded 10 million in less than 3 months. The huge event under the slogan “Beyond Imagination” has successfully managed to attract the visitors of all ages, from inside Saudi Arabia and abroad the Kingdom, through its various activities which kicked off on Oct. 21, 2022. The […]
Saudi Cable’s board mulls over 519.5% capital hike
The board of Saudi Cable Company recommended to increase the company’s capital to SAR 346.72 million from SAR 66.72 million by offering priority rights shares. The number of shares will reach 34.67 million shares, compared to 6.67 million shares prior to the raise. Through the 519.61% capital hike, the Saudi firm aims to reduce the […]
Saudi Railway Company: Over 4.1mln passenger transported in 2022
The Saudi Railway Company (SAR) announced that it has transported more than 4.1 million passengers during 2022, recording an increase of 100% compared to 2021, of whom, 1.35 million pilgrims were transported through the Al Mashaer train. In regard of cadres’ development, SAR said that the percentage of Saudization reached 87%, and the training hours […]