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Saturday, October 16, 2021
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Logo of Kingdom Holding Kingdom Holding Co. announced that its affiliate, Kingdom Investment I (TSF),  signed today, Sept. 8, an agreement with FS Washington Acquisition Corp., a subsidiary of Cascade Investment Group, to sell its 23.75% stake in Four Seasons Holding Co., according to a bourse filing.  The deal will take place on the basis of a value of SAR 37.5 billion ($10 billion)…
King Salman bin Abdulaziz King Salman bin Abdulaziz issued a royal order today, Sept. 7, relieving Lieutenant General Khalid bin Qarar Al-Harbi, of his post as Director of Public Security. King Salman also referred Al-Harbi to retirement and investigation. The royal order was issued as Al-Harbi was accused of committing many violations, such as seizure…
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US-based Lucid Motors applied to the Saudi Standards, Metrology and Quality Organization (SASO) to get a model approval certificate and the related paperwork is being finalized, Saud Al-Askar, Deputy Governor at SASO, told Al-Arabiya TV. Lucid Motors will launch its electric vehicles (EV) in the Kingdom by 2024. The production line will get a model…
Saif Dhaheri, the Spokesperson for the National Emergency Crisis and Disaster Management Authority (NCEMA), said that travelers to the UAE from the GCC can use the COVID-19 applications, which are adopted by the Ministry of Health in each country.  The new apps will be used to show the status of vaccination and tests outside the…
Custodian of the Two Holy Mosques King Salman bin Abdulaziz The Saudi Cabinet, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz via video conference today, Sept. 7, approved the final account of the state for a previous fiscal year. In addition, the Cabinet approved the Job Discipline Law, Saudi Press…
Oil rigs Oil prices rose on Tuesday, supported by higher-than-expected growth in Chinese exports, which boosted optimism about the country’s economy. China's dollar-denominated exports increased 25.6% year-on-year (YoY), while imports rose 33.1% YoY in August. The country’s imports of crude also rose to their highest level in five months, as it imported 44.53 million metric…
Tadawul trading screen Here are a few things you need to know as Saudi stocks start trading on Tuesday. 1) Fitaihi Holding Group said that creditors’ objection period ended on Sept. 5, with no claims received. 2) The Saudi Exchange (Tadawul) said that a trading halt will be placed on Fitaihi Holding Group’s shares for two business…
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