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Saudi Arabia Restructures Ehsan Charity Platform as Independent Non-Profit Foundation

King Salman has ordered the transformation of the Ehsan charitable platform into the independent Ehsan Foundation for Charitable Work, with Commerce Minister Majid Al-Kassabi appointed chairman as the Kingdom seeks stronger governance of its expanding non-profit sector.
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Saudi Reinsurance Reports One Hundred and Eighteen Percent Profit Increase in Second Quarter

Saudi Reinsurance reported second-quarter net profit of one hundred and fifteen million Saudi Riyals, supported by stronger premium growth in domestic and international markets ...

Saudi Arabia Raises U.S. Treasury Holdings Above One Hundred and Forty-Two Billion Dollars

Saudi Arabia increased its holdings of United States government debt by one point six percent, taking its Treasury holdings above one hundred and forty-two billion dollars as th...

Saudi Air Connectivity Program Adds Direct Flights to China and Expands U.S. Capacity

Saudi Arabia’s Air Connectivity Program, working with Saudia, is adding weekly services to Guangzhou and Beijing and increasing seat capacity to China as the Kingdom expands int...

Saudi Arabia and Qatar Coordinate Gulf Response to Escalating Middle East Security Risks

Saudi Foreign Minister Prince Faisal bin Farhan and his Qatari counterpart met in Riyadh to discuss regional diplomacy, including conflicts involving Iranian-backed militias, di...

Saudi Arabia and Japan Deepen Maritime Security and Economic Cooperation

Japanese Foreign Minister Yoshimasa Hayashi held talks with Saudi officials in Riyadh on economic cooperation and maritime security in the Red Sea, as regional tensions increase...

Riyadh Air Expands Access to Government Travel Bookings Through Etimad Platform

Saudi Arabia’s new national airline has signed an agreement with the Government Expenditure and Projects Efficiency Authority to provide travel services through the Etimad procu...

Saudi Arabia Raises Two Point Five Billion Dollars Through August Domestic Sukuk Sale

The National Debt Management Center completed its August issuance with more than two and a half billion dollars raised through domestic Islamic bonds, as the government continue...

Saudi Arabia’s Listed Banks Post Seven Percent Credit Growth as Net Loans Exceed Eight Hundred and Sixty-Five Billion Dollars

Net lending across Saudi Arabia’s publicly listed banks rose seven percent in the second quarter, supported by corporate borrowing for Vision twenty thirty projects and continue...

Saudi Arabia Reports Two Hundred and Fifty-Two Percent Surge in Foreign Investment Licenses

The Ministry of Investment recorded a sharp year-on-year increase in new licenses for foreign companies during the second quarter of twenty twenty-six, highlighting continued mo...

Saudi Arabia’s Public Investment Fund Takes Full Ownership of Four Major Football Clubs

The Public Investment Fund has acquired the remaining twenty-five percent stakes in Al-Hilal, Al-Nassr, Al-Ittihad and Al-Ahli, completing the ownership transition as Saudi Arab...

Saudi Central Bank Tightens Oversight of Financial Transfers to the United Arab Emirates

Saudi financial institutions are applying enhanced anti-money-laundering and illicit-finance checks to cross-border transfers bound for the United Arab Emirates, adding to signs...
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