Saudi Exchange begins trading single stock options contract today
The Saudi stock exchange Tadawul will begin trading single stock options (SSO) on Monday where investors can trade SSOs on four listed stocks as their underlying assets. The first tranche of SSOs have the stocks of Aramco, Al Rajhi Bank, Saudi Telecommunication Company (STC), and SABIC as underlying assets, the exchange said on its website. […]
Jabal Omar completes redemption of $135mln sukuk
Jabal Omar Development Company has fully redeemed its Sukuk at an aggregated value of $135 million, according to a bourse disclosure. The listed firm pointed out that the value of the redeemed Sukuk reached $67.50 million, adding that the percentage of the transaction hit 50%. Issued on 15 November 2018, a total of 337.50 Sukuk […]
Foster + Partners wins contest to design new Abha airport terminal
British architectural firm Foster + Partners has won an international competition to design a new terminal for Abha Airport in Saudi Arabia’s Aseer region. Inspired by the nearby Rijal Almaa village, the winning design reinvents the airport terminal as a series of interconnected human-scale clusters, outdoor courtyards and walkways, said a statement from Foster + […]
Saudi Arabia’s trade surplus jumps 27.5%, reaching $11.73bln in September
Saudi Arabia’s trade surplus recorded an increase for the second month in a row, reaching SR44 billion ($11.66 billion) in September 2023, according to the latest figures released on Thursday by the General Authority for Statistics (GASTAT). This marked an increase of 27.5 percent, compared to the surplus in August, when it reached SR34.31 billion, […]
Eight agreements signed during Saudi-Algerian Business Forum to enhance trade, investment
The Saudi-Algerian Business Forum concluded its activities Thursday with the two countries signing eight agreements aiming at enhancing trade and investment. The agreements covered the sectors of trade, investment, information technology, business incubators and accelerators, tourism services, elevators, and spare parts. The agreements were signed by the Federation of Saudi Chambers (FSC), the Council for […]
Minister stresses need for enhancing strategic relations between Saudi Arabia and Algeria
Saudi Arabia’s Commerce Minister Dr. Majid Al-Qasabi met in Riyadh with Algeria’s Minister of Trade and Export Promotion Tayeb Zitouni and his accompanying delegation. Dr. Al-Qasabi affirmed the importance of enhancing trade and investment relations and establishing companies with the private sector of both countries in different fields. He also emphasized the necessity of establishing […]
First batch of Saudi sea bridge shipment for Gaza relief arrives in Egypt
The King Salman Humanitarian Aid and Relief Centre (KSrelief) team received, in Port Said Port in Egypt, the first batch of shipment from the Saudi sea bridge as relief for Palestinians in Gaza. The shipment that will be prepared to be transported to the affected Palestinian people in the Gaza Strip carry 1,050 tons of […]
Over 157 opportunities worth SR22 billion offered in Northern Borders Investment Forum
More than 157 investment opportunities worth about SR22 billion is being offered during the Northern Borders Investment Forum 2023. The investment opportunities are distributed across a number of targeted sectors, such as transportation, logistics services, mining, education, health, real estate development, municipalities, industry, tourism, hospitality, and scientific research. These opportunities is being offered during the […]
King, Crown Prince congratulate Suriname president on Independence Day
Custodian of the Two Holy Mosques King Salman has sent a cable of congratulation to President Chan Santokhi of the Republic of Suriname on his country’s Independence Day. Custodian of the Two Holy Mosques wished Santokhi continued good health and happiness, and the government and people of the Republic of Suriname steady progress and prosperity. […]
Investors holding diplomatic or special passports will get Saudi business visa fee exemption
Investors holding diplomatic or special passports will be exempted from the payment of business visit visa fee, according to the Ministry of Investment (MISA). The “Invest in Saudi Arabia” platform, affiliated with the ministry, clarified that the “Visiting Investor” business visit visa service is an electronic service that allows foreign investors to apply for a […]