Sabic granted permission by CMA to raise sukuk size to $2b JEDDAH - The Saudi Capital Market Authority (CMA) has granted permission to the Saudi Basic Industries Corporation (Sabic ) to increase the size of its sukuk (Islamic bonds) up to $2.133 billion (SR8 billion).
London Business School honours Sabic CEO JEDDAH - Mohamed Al Mady, vice-chairman and CEO of Saudi Basic Industries Corporation (Sabic) has been honoured as an Honorary Fellow of the London Business School (LBS).
National Commercial Bank to buy 60pc stake in Turkiye Finans JEDDAH - The National Commercial Bank (NCB) is to acquire a 60 per cent stake in Turkiye Finans Katilim Bankasi, Turkey's major participation bank, from preeminent Turkish groups Ulker and Boydak.
Huge turnout for Jabal Omar Development Company's IPO JEDDAH - A total of more than five million Saudis applied for 201 million shares of the Jabal Omar Development Company at the closure of the 10 days IPO on June 18.
Deal signed to sell 49pc of Saudia Catering JEDDAH - The stamp 'sold' has been put on Saudia Catering, the catering arm of the national carrier Saudi Arabian Airlines,
Les Janka named VP of Saudi Arabia NCS operations JEDDAH - Raytheon Company's Network Centric Systems (NCS) has named Les Janka vice-president of Saudi Arabia NCS operations.
Schlumberger opens SR20m Al Khafji Oilfield Services base JEDDAH - Schlumberger, a leading supplier of oil services technology, inaugurated the more than SR20 million Al Khafji Oilfield Services (KJO) base in Saudi Arabia.
Barclays enters Saudi market JEDDAH - British bank Barclays Plc has set up an investment banking and wealth management arm in Saudi Arabia to tap the growing market of wealthy corporate houses and individuals in the Arab world's biggest economy.
Focus on health of sacrificial animals JEDDAH - The government of Saudi Arabia pays utmost attention to the health of the animals for sacrifice under the Kingdom's Project for Utilisation of Haj Meat, according to Dr Ahmad Mohammed Ali, President of the Islamic Development Bank (IDB).
General Electric plans to raise investments in Saudi Arabia JEDDAH - General Electric Co. (GE), a major global engineering company,
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