Tuesday 2 September 2014
 
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Kingdom

Key projects: Saudi eases rules for foreign firms

Saudi Arabia has approved a number of steps that could ease the participation of major international companies in the kindgom's key projects, the official Saudi Press Agency has said. The measures announced by the Cabinet yest

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Kingdom Holding Q2 net profit up 16.8pc

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, reported a 16.8 percent increase in second-quarter net profit on Monday, citing higher income from investments. The investment

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Kingdom Holding’s Paris hotel wins top honour

Kingdom Holding’s Four Seasons Hotel George V in Paris has been named the ‘Best European City Hotel’ in the 2013 Gallivanter’s Guide for 11 consecutive years.   The George V décor i

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Kingdom Holding to invest $400m in Rizvi Fund

Saudi Arabia-based Kingdom Holding Company (KHC) is set to invest about $400 million in the Rizvi Opportunistic Equity Fund III.   The fund is specialised in pre-IPO opportunities in well-known and well-managed c

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Kingdom Holding in deal with French group

Kingdom Holding Company and Caisse des Dépôts International Capital (CDCIC) has signed a deal to establish an investment vehicle to be jointly managed by the two companies.   The deal seeks to develo

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Kingdom Holding in deal with French group

Kingdom Holding Company and Caisse des Dépôts International Capital (CDCIC) has signed a deal to establish an investment vehicle to be jointly managed by the two companies.   The deal seeks to develo

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Assisted reproductive technology centre opens in Riyadh

The Kingdom Hospital Centre for Assisted Reproductive Technology was recently inaugurated by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC), chairman and founder of Kingdom Hospitals (KH).

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Saudi imports $1.7bn used tyres despite ban

Used tyres worth SR6.4 billion ($1.7 billion) were imported into Saudi Arabia in 2012 despite a ministerial decision banning import of such tyres, reports said. Such tyres are used for small cars, trucks, buses, agro machinery and

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Kingdom posts 10pc rise in Q4 profit

Saudi Arabia's Kingdom Holding , the investment firm of billionaire Prince Alwaleed bin Talal, posted a 10.3 percent increase in fourth-quarter net profit on Tuesday, mainly due to a rise in the value of its investments. Kingd

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40pc small units hit by Saudi clamp

About 40 per cent of small construction firms in Saudi Arabia have been closed following the crackdown on illegal expatriate workers in the kingdom, a report said. Thousands of expatriate workers have not been able to rectify their stat

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