Saudi Arabia earmarks $5bln investment fund for Bahrain
Minister of Investment Eng. Khalid Al-Falih announced that Saudi Arabia would allocate a specialized investment fund, amounting to about $5 billion, for Bahrain. Addressing the third Saudi-Bahraini Coordination Council meeting in the Bahraini capital of Manama on Sunday, Al-Falih said that discussions were also held on accelerating the Saudi – Bahrain parallel bridge work. […]
Saudi Ma’aden acquires stake in Ivanhoe Electric for $126.5mln
Saudi Arabian Mining Co. (Ma’aden) has finalised an agreement with Ivanhoe Electric Inc. (IE) to purchase 9.9% shares in the company for $126.5 million and form a 50/50 joint venture to undertake one of the largest exploration programmes ever conducted. The deal will provide Ma’aden, through the joint venture, with the means to accelerate the […]
Riyad Capital’s new $133mln fund to launch mixed-use project in Riyadh
Riyad Capital, the investment arm of Riyad Bank, announced on Monday the launch of 500 million Saudi riyal ($133.33 million) Riyadh Real Estate Development Fund – Durrat Hittin in partnership with Al Ramz Real Estate Company. The fund will develop a mixed-use project in Hittin district in Riyadh on a total area of 27,119 square […]
Kuwait Amir receives invitation to 32nd Arab Summit in Saudi
His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah received on Monday a letter of invitation directed towards His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah to attend the 32nd Arab Summit to be held in Jeddah, Saudi Arabia, on May 19. During the reception at Bayan Palace, Saudi Ambassador to Kuwait Prince […]