Tag: Saudi Arabia Business News
Saudi-based Five Capital, Suez, Itochu acquire major stake in EDCO
The Saudi CMA-regulated fund Five Capital Fund I has jointly acquired a 65 percent stake in Environment Development Company (EDCO) with France-based environmental company...
Saudi Arabia-Azerbaijan sign $300mn renewable energy deal
Saudi Arabia and Azerbaijan have signed a landmark agreement worth $300 million for renewable energy projects in the Caspian country.
The Kingdom's energy leader, ACWA...
STC to widen its data center portfolio with $270mn investment
Saudi Arabia-based digital group Saudi Telecom Company (STC) is launching three mega data centers in Riyadh, Jeddah and Madinah with an investment value of...
PIF-backed SAMI acquires Advanced Electronics Company
Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has bought defense, energy, ICT and security services specialist Advanced...
Indian firm CronJ finishes Security Project for Saudi Arabia Coast Guard
Indian global technology company CronJ has recently completed an AI-based digitization project for Saudi Arabia Coast Guard.
The next-generation tech firm CronJ provides products related...
Saudi Riyal added as “settlement currency” on AMF’s Buna platform
The Saudi Riyal has been included as a settlement currency in 'Buna,' the cross-border payment system owned by the Arab Monetary Fund, making it...
Saudi records recovery in foreign investor licenses in Q3
The Investment Ministry of Saudi Arabia has reported that a total of 306 new foreign companies were issued investor licenses in the kingdom in...
Saudi PIF shuffles key leadership positions
One of the largest sovereign wealth funds in the world, Saudi Arabia's Public Investment Fund (PIF) has made some significant changes to its leadership.
Mr....
