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Saudi’s Al Rajhi Bank CEO resigns, replaced by Suleiman Al-Zain

Saudi’s Al Rajhi Bank CEO resigns, replaced by Suleiman Al-Zain

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 plans big fuel oil power plant

Saudi Electricity plans big fuel oil power plant

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
 
Saudi Prince AlWaleed’s Kingdom plans bond sale

Saudi Prince AlWaleed’s Kingdom plans bond sale

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
 
Nomura gets Saudi nod to offer stock market access

Nomura gets Saudi nod to offer stock market access

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
 
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