Neom taps domestic banks for SAR 10 bn to finance short-term needs
The funding is used to support its short-term financing needs for ongoing major projects
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The funding is used to support its short-term financing needs for ongoing major projects
The final price values the company at SAR 600 mn
Aramco closed in last year the acquisition of a 10% stake in Rongsheng Petrochemical for USD 3.4 bn
The project is slated for commercial production in 4Q 2027
Flynas is also seeking the purchase of 30 widebody aircraft to help boost operations
The PIF unseated Singapore's sovereign wealth fund as the world’s top sovereign fund last year
The investment firm reportedly wants to launch 10 new hotels in the Red Sea
Everything from renewables to AI, luxury goods, and education are on the agenda
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