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Spanish gov’t ups stake in Telefonica in bid to counter Stc — just as Housing Minister AL Hogail lands in town
Plus: Saudization of the insurance industry is in full effect — non-Saudis can no longer collect sales commissions
Foreign investors to be classified as Saudis in Saudization rates
Saudization has been gaining momentum lately across various sectors
Aramex opens regional HQ in Saudi Arabia
Digital security firm Elm is still in talks to buy the PIF’s stake in business service provider Thiqah
Expat fee waiver for some small firms extended for three years
The monthly fees have been imposed since 2018 to stimulate a local job creation drive as part of the Kingdom’s…
PIF launches new vehicle to target sustainable tech manufacturing. PLUS: Debt, aviation, fintech
Alat is chaired by Crown Prince Mohammed bin Salman
A smattering of stuff…
Only Saudis can sell insurance in the Kingdom come April 2024
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