Samba Financial Group jumped in Saudi Arabia after rival National Commercial Bank, the kingdom’s largest lender by assets, offered to acquire it for as much as $15.6 billion.The shares advanced 9.9% …
How Saudi Arabia’s $15.6 Billion Bank Merger Would Stack Up
The combination of National Commercial Bank and rival Samba Financial Group would create the third-largest lender in the Gulf Cooperation Council and a national champion to compete with regional …
From Saudi Arabia, a welcome call for tolerance and moderation
Given the link between Saudi Arabia’s monarchy and the rise of radical Islam, Muhammad Al-Issa might not be your idea of a typical Saudi cleric. The 55-year-old secretary general of the Muslim World …
Saudi Arabia limits number of pilgrims ahead of Hajj
There was disappointing but expected news for millions of Muslims around the world this week, as Saudi Arabia banned foreign travellers from entering the country because of the COVID-19 pandemic. As …
Saudi Arabia’s Hunt For Cheap Sports Assets
Cash is king, especially at a time when sports properties are being hammered by the pandemic. And if there’s one thing Saudi Arabia’s wealth fund has, led by Crown Prince Mohammed bin Salman, is …
Saudi Arabia achieves remarkable reforms to combat human-trafficking, UN body says
Ali affirmed that these efforts contributed to improving Saudi Arabia’s ranking in the United Nations’ assessment, as well as in assessments of other countries, with regard to combating …
Saudi Samba Shares Surge After $15.6 Billion Takeover Bid
Samba Financial Group jumped in Saudi Arabia after rival National Commercial Bank, the kingdom’s largest lender by assets, offered to acquire it for as much as $15.6 billion.The shares advanced 9.9% …
How COVID-19 changed the lifestyle in Saudi Arabia
People sit at a cafe in a mall in the Saudi capital Riyadh on June 4, 2020, after it reopened following the easing of some restrictions to stem the spead of the novel coronavirus. Image Credit: AFP …
Saudi Model Khaled Muhammed Almulhim is Rising in Popularity Charts
Khaled Muhammed Almulhim is among the few models to emerge out of a liberalizing Saudi Arabia. Only 31 years of age and single, this Saudi model is …
Saudi Arabia sees upward trend in COVID-19 cases
Dubai: Saudi Arabia on Friday reported 3,938 new coronavirus cases and 46 virus-related deaths over the past 24 hours, according to the Ministry of Health. This brings the total number of …