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Gulf Coast Real Estate Development to break ground on Al Khafji coastal development this year
Plus: Alramz secures SAR 500 mn in financing from Al Rajhi
Osool and Bakheet waive preferential terms with AOTC shareholders
ALSO- Flynas adds three-weekly direct flights from Jeddah to Kuwait as of 1 November
Savola inches closer to a SAR 6 bn rights offering
The funds from the rights offering will be allocated to pay down around SAR 6 bn in long-term loans.
A USD 100 mn fund to support the local film industry
The Cultural Development Fund is a key investor in the film fund, contributing 40% of its total capital