The deal is aimed at supporting Tamimi Markets’ growth plans including a potential initial public offering
The facility spans 390,000 square feet across five floors – approximately the size of five football fields
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
This comes as part of the firm’s broader commitment to the region to create 6,000 new jobs and continued investment in digital technology and ESG
By mid-2024, Neom will be making hydrogen for vehicles such as buses and trucks, Dave Edmondson, CEO of Neom Green Hydrogen, said in Dubai
The company will continue to pursue the IPO of Olam Agri at the next practical window without providing any approximate time frame
These developments follow the $32m Series A fundraise and partnership with Visa aimed at strengthening its presence in the Saudi market
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
The Saudi Space Commission announced the successful separation of the SpaceX spacecraft carrying the two Saudi astronauts from the ISS
The milling company said big investors placed orders worth SAR68.8bn, almost 69 times more than was available to them
The 7th generation satellite successfully lifted off from launch complex 40 at Cape Canaveral air force station
The Saudi SEZs offer competitive corporate tax rates, exemption from customs duties on imports, production inputs, machinery and raw materials, and 100 per cent foreign ownership of companies
The central bank said the net foreign assets dropped to SAR1.54tn in April from SAR1.57tn the previous month
The kingdom has also invested in esports and video games and committed billions of dollars of spending on football stars, teams and tour sponsorships
The UK and Saudi Arabia signed a declaration of intent to jointly develop resilient and responsible critical mineral supply chains
The new company will make tobacco-free nicotine delivery products available across Saudi Arabia by the end of 2023
The conglomerate will use the proceeds from its fourth green sukuk issuance to refinance an older $800m bond commitment due in May 2024
The destination hopes to be the gold standard for regenerative and sustainable tourism when it opens its doors to travellers later in 2023
The number of flights it operated in Q1 2023 stood at 17,000, a 13 per cent increase year-on-year
Saudi Arabia had suspended diplomatic ties and halted new trade and investment dealings with Canada in 2018
The port’s cargo column saw an addition of 19.33 per cent to the 2022 volume to achieve about 5,261,883 tons
The programme allows companies to monetise their receivables at competitive rates and get instant payments, without needing to borrow funds
All the digital systems developed by Accenture will be designed specifically for the airline, increasing operational efficiency and reducing costs
The Axiom 2 mission brings together three Arab astronauts on board the ISS for the first time in history
The pilot programme aims to facilitate an active and healthy lifestyle within the growing workforce, forecast to reach 60,000 people by the end of the year
The eco-luxury resort, which will feature 76 villas, is scheduled to be launched by 2027
The green hydrogen production plant is currently being built at Oxagon in Saudi Arabia’s NEOM region
Multiple properties from brands including Anantara, Avani, Tivoli and Oaks will open across different regions within the kingdom
The price range has been set between SAR100 and SAR130 per share, with 85,600 shares on offer representing 16 per cent of company’s share capital
Saudi Arabia’s historic mission signifies the nation’s commitment to advancing space exploration under the ambit of the Vision 2030 national agenda