Saudi wealth fund PIF to sell further stake in STC
Saudi wealth fund PIF to sell further stake in STC in potential $1.1 billion deal
Saudi Arabia's sovereign wealth fund PIF has hired Goldman Sachs and Saudi National Bank to sell around a 2% stake in the country's telecom group STC in a deal that could raise up to $1.1 billion, according to a statement from the banks.
Saudi Arabia's annual inflation rate continued to edge up in October to 1.9% from 1.7% in September, according to government ...
Temperatures in the Al-Nafūd desert can climb as high as 55 degrees Celsius during the summer, making this drastic change a ...
Saudi Arabia’s Crown Prince Mohammed bin Salman has accused Israel of carrying out “collective genocide” in Gaza, in some of ...
Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting ...
Saudi banks reported a 12% rise year-on-year (YoY) in aggregate loans to SAR 2.76 trillion in Q3 2024. Saudi National Bank ...
Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as ...
Neom, Saudi Arabia's ambitious megacity project, is a key part of the kingdom's Vision 2030 scheme. Its CEO stepped down ...
Longtime CEO Nadhmi al-Nasr left Neom, Saudi Arabia’s marquee development, which has been plagued by delays, cost overruns ...
Newsweek contacted the Saudi Arabian Public Investment Fund, which manages the Vision 2030 projects, for comment via email.
Be warned: It's not cheap, and there won't be a ton of them made. In today's big story, Saudi Arabia's futuristic city, ...
The deal streamlines the provision of logistical solutions for general goods via land and air transport, while also ...
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