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On 9 November 2019, Saudi Aramco released a 600-page prospectus giving details of the IPO. According to the specifications provided, up to 0.5% of the shares were locked for individual retail investors. [64] On 4 December 2019, Saudi Aramco priced its offering at 32 Saudi riyals (approximately US$8.53 at the time) per share. The company ...
Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾyat al-suʿūdiyah alfayn thalāthūn, sometimes called Project 2030) is a government program launched by the Kingdom of Saudi Arabia which aims to achieve the goal of increased diversification economically, socially and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman.
The United States Commission on International Religious Freedom (USCIRF) in its 2019 report named Saudi Arabia as one of the world's worst violators of religious freedom. [ 20 ] [ 21 ] Until 2016, the kingdom only used the lunar Islamic calendar , not the international Gregorian calendar , [ 22 ] but in 2016 the kingdom announced its switch to ...
Saudi Binladen Group ( SBG; Arabic: مجموعة بن لادن السعودية Maǧmūʿat Bin Lādin al-Saʿūdiyyah ), known as Binladen Group Global Holding Company since 2019, [ 1] is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia. In 2011, the Saudi Binladen Group signed a US$1.23 billion contractual ...
The National Agricultural Development Company ( Nadec) is one of the largest agricultural and food-processing share stock companies in the Middle East and North Africa. Established in 1981 by royal decree, it is a joint stock public company – 20% owned by the government of Saudi Arabia, with the rest publicly traded on the Saudi Stock Exchange.
Water supply and sanitation in Saudi Arabia is characterized by challenges and achievements. One of the main challenges is water scarcity. In order to overcome water scarcity, substantial investments have been undertaken in seawater desalination, water distribution, sewerage and wastewater treatment. Today about 50% of drinking water comes from ...
Hub Power Company (Hubco) was founded in 1991. [6] The project was funded by $770 million in loan agreements and $325 million in equity from international investors. [7] The major investors included National Power with 20.4 percent shareholding, Xenel with 14.5 percent, and Entergy with a 10 percent holding.
Dammam ( Arabic: الدمّام ad-Dammām) is the capital of the Eastern Province of Saudi Arabia. With a population of 1,532,300 as of 2022, Dammam is the kingdom's fourth-most populous city after Riyadh, Jeddah, and Mecca. Dammam constitutes the core of the Dammam metropolitan area, also known as the Greater Dammam area, which comprises the ...