Saudi Arabia’s CMA proposes rules to boost secondary share offerings
Saudi Arabia has proposed a framework for secondary offerings to increase the attractiveness of the capital market to investors and boost the weight of the kingdom in emerging market indexes, the Capital Market Authority (CMA) said on Wednesday. The Saudi market regulator invited participants in the capital market as well as relevant and interested persons […]
First hydrogen truck inaugurated in Saudi Arabia
The Transport General Authority (TGA) has inaugurated the first hydrogen truck in Saudi Arabia in collaboration with Almajdouie Logistics. The launch of the first-ever hydrogen truck has been inaugurated on an experimental basis in a step that reflects TGA’s commitment to achieving the goals of the Kingdom’s Vision 2030 toward providing an environment free […]
Budget Saudi and Electromin join forces to propel green mobility with EV charging infrastructure across the Kingdom
Budget Saudi has signed a significant agreement with Electromin during the EV Auto Show in Riyadh on October 10, 2023. The partnership aims to establish an electric vehicle (EV) charging infrastructure at Budget Saudi’s key facilities across the Kingdom, aligning with Saudi Vision 2030’s sustainability goals. Focused on achieving a greener future and contributing to […]
Saudi Arabia: Gaza disaster exposes double standards and selective application of international laws
Saudi Arabia emphasized on Wednesday that the Gaza disaster has exposed the double standards and selective application of international laws and UN resolutions by the global community. In his speech, on behalf of Saudi Crown Prince and Prime Minister Mohammed bin Salman, at the virtual summit of the leaders of the G20 countries, Finance Minister […]
Islamic foreign ministers welcome successful mediation efforts for truce in Gaza
The Islamic Ministerial Committee, represented by foreign ministers of a number of Arab and Islamic countries, welcomed the joint efforts of Egypt, Qatar, and the United States of America to broker a humanitarian truce in the besieged Gaza Strip that is expected to come into force shortly. The ministers called on Britain to play […]
IHG signs two properties in Saudi Arabia’s Taif
Earlier this month, IHG Hotels and Resorts signed two properties in Saudi Arabia – Holiday Inn and Suites Taif and Staybridge Suites Taif. For both of these properties, it has partnered with the Al Jumaiah Group. The two properties are expected to open in Q4 2025 in Al Shafa in Taif which is located 2,500m […]
MBC Group prepares to float shares on Saudi Exchange
MBC Group, one of the leading media and entertainment companies in the Middle East and North Africa (MENA) region, has intend to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved the Company’s application for […]
Dur Hospitality unveils ‘Darraq Al Hada Residential Compound’
Dur Hospitality has inaugurated the Darraq Al Hada Residential Compound, setting a new standard for quality living in the heart of Riyadh. Seamlessly blending Greek-inspired design with the latest amenities and entertainment facilities, this iconic development represents a new model of luxurious living, aligning with the ongoing transformation of Saudi Arabia’s urban landscape. According to […]
Aramco launches operations at SPARK drilling, workover hub
King Salman Energy Park (SPARK), the leading energy industrial ecosystem, has announced that Saudi energy giant Aramco has commenced operations of its Drilling and Workover (D&WO) main hub within the facility. The facilities spanning on area over 370,000 sq m will be home to more than 1,000 employees and is set to play a pivotal […]
Saudi Arabia launches prime waterfront development in Jeddah
Saudi Arabia has announced the launch of its prime waterfront development, Jeddah South Obhur, which will come up on a 205,000 sq m area within the port city of Jeddah. Spread over a 205,000 sq m area within the port city, the Jeddah South Obhur will boast key amenities including a sea promenade, sandy beaches […]