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Marwa Rashad

Saudi Banks to see double-digit asset growth by early 2020: Samba CEO

07 Apr 2019

RIYADH Samba Financial Group, Saudi Arabia's third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, supported by government plans to diversify its oil-based economy, its chief executive told Reuters.

Saudi's SABIC sticking with growth plans, will discuss synergies with Aramco

29 Mar 2019

RIYADH Saudi Basic Industries Corp's (SABIC) investment plans will not be affected by oil giant Aramco's purchase of a 70 percent stake in the company, its chief executive said on Friday, adding SABIC would look to integrate assets with Aramco to boost growth.

Saudi's SABIC sticking with growth plans, will discuss synergies with Aramco

29 Mar 2019

RIYADH, March 29 Saudi Basic Industries Corp's (SABIC) investment plans will not be affected by oil giant Aramco's purchase of a 70 percent stake in the company, its chief executive said on Friday, adding SABIC would look to integrate assets with Aramco to boost growth.

Saudi Aramco to buy SABIC in $69 billion chemicals megadeal

28 Mar 2019

RIYADH/DUBAI The world's largest oil producer Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from the kingdom's wealth fund for $69.1 billion in one of the biggest deals in the global chemical industry.

Saudi's Al Tayyar aims to double online booking sales by end-2020

26 Mar 2019

RIYADH Saudi Arabia's largest travel company, Al Tayyar Travel Group, aims to double its online booking sales to 4 billion riyals ($1.1 billion) by 2020, capitalizing on a rapidly growing tourism market, its chief executive told Reuters.

Saudi Arabia invests $23 billion to improve living in Riyadh

19 Mar 2019

RIYADH Saudi Arabia said on Tuesday it would spend 86 billion riyals ($23 billion) to boost the quality of life in the capital Riyadh, increasing green space and recreational areas and installing 1,000 works of art across the city.

Mideast's biggest exchange expects foreign investment to grow, CEO says

18 Mar 2019

RIYADH Saudi Arabia's listed companies could see holdings by foreign investors rise to 10 percent when their shares are included in index providers MSCI and FTSE's emerging-market indices, the chief executive of Tadawul told Reuters on Monday.

AHAB files for financial restructuring under Saudi bankruptcy law

13 Mar 2019

DUBAI/RIYADH, March 13 Saudi conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) said on Wednesday it had filed last week for a financial restructuring under Saudi Arabia's new bankruptcy law, as it seeks to end a decade-long dispute with creditors.

RPT-EXCLUSIVE-Saudi court approves detained tycoon Sanea's bankruptcy filing

10 Mar 2019

DUBAI/RIYADH, March 9 A Saudi court has approved an application by detained and indebted billionaire Maan al-Sanea and his company, Saad, to have their case resolved through the kingdom's new bankruptcy law, the company's financial adviser and two sources familiar with the matter told Reuters.

Exclusive: Saudi court approves detained tycoon Sanea's bankruptcy filing

09 Mar 2019

DUBAI/RIYADH A Saudi court has approved an application by detained and indebted billionaire Maan al-Sanea and his company, Saad, to have their case resolved through the kingdom's new bankruptcy law, the company's financial adviser and two sources familiar with the matter told Reuters.

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