United States

Stephen Kalin

Saudi Real Estate Refinance Co plans up to 4 bln riyal sukuk sale this year -CEO

8:06am EDT

RIYADH, April 23 Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of long-term sukuk this year, its chief executive said on Tuesday.

Saudi's Al Tayyar re-brands as Seera, seeks to double booking value

Apr 22 2019

RIYADH, April 22 Saudi Arabia's largest travel company, which has re-branded itself as Seera, aims to more than double the gross value of its bookings in the next four years to 16 billion riyals ($4.3 billion), its chief executive said on Monday.

Saudi court postpones hearing for women activists after new arrests

Apr 17 2019

RIYADH A Saudi court on Wednesday postponed a fourth hearing in the trial of several women rights activists, a case that has intensified Western criticism of Saudi Arabia following the murder of journalist Jamal Khashoggi.

UPDATE 2-Alhokair's Arabian Centres to launch largest Saudi IPO since 2014 in April

Apr 16 2019

* To build 8 new malls within 4 years, 16 cinemas in 2 years (Adds Refinitiv data, context on Saudi market)

Exclusive: Egypt withdraws from U.S.-led anti-Iran security initiative - sources

Apr 11 2019

(This April 10 story corrects name of group to Middle East Strategic Alliance, not Middle East Security Alliance in 2nd paragraph.)

Investors flock to Saudi Aramco's debut international bond

Apr 08 2019

RIYADH/DUBAI Saudi Aramco has received bids for more than three times the $10 billion it was expected to raise in a debut international bond issue, which is being watched as a gauge of potential investor interest in the oil company's eventual initial public offering.

Saudi Arabia says May will be key to decide on extending oil supply cuts

Apr 08 2019

RIYADH The Saudi energy minister on Monday said it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts but a meeting next month would be key.

Saudi plans to invite bids for nuclear power project in 2020: sources

Apr 04 2019

DUBAI/RIYADH Saudi Arabia plans to issue a multi-billion-dollar tender in 2020 to construct its first two nuclear power reactors and is discussing the project with U.S. and other potential suppliers, three sources familiar with the plans said.

Saudi women activists back in court as West watches

Apr 03 2019

RIYADH Nearly a dozen prominent Saudi women activists returned to court on Wednesday to face charges related to contacts with foreign journalists, diplomats and human rights groups, in a case that has intensified Western criticism of a major Mideast ally.

Saudi ban on Boeing MAX flights to continue for near future - minister

Apr 01 2019

RIYADH Saudi Arabia has no immediate plans to allow Boeing 737 MAX aircraft to operate in the kingdom, its transport minister said on Monday, as state airline flyadeal potentially reconsiders an order for the jets. | Video

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