The board of Saudi Arabia's al Rajhi bank accepted the resignation of its chief executive, Abdullah al-Rajhi, replacing him with Suleiman al-Zain, according to a statement on the bourse website on Sunday.
March 5, 2012 1:34
Saudi Electricity (SEC) is looking for companies to build and operate a 1,700-megawatt (MW) independent power plant (IPP) running on fuel oil, the state-controlled utility said on Monday.
March 5, 2012 1:17
Kingdom Holding Co , the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, will seek shareholders approval to tap debt markets through sale of either conventional or Islamic bonds, the company said in a statement.
March 1, 2012 2:00
Japanese bank Nomura has gotten regulatory approval to offer foreign investors access to Saudi Arabia's stock market, joining a growing list of banks beefing up their presence ahead of anticipated market liberalisation.
February 27, 2012 1:15