RIYADH, March 7 (Xinhua) -- Saudi Arabia has transferred 8 percent of the state-owned oil giant Saudi Aramco's shares to companies fully owned by the Public Investment Fund (PIF), as announced by Crown Prince Mohammed bin Salman Al Saud on Thursday. This transfer reduces the state's stake...
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Despite warnings, companies not fleeing Saudi ArabiaASSOCIATED PRESS
Government-controlled companies dominate the ranks of the world's largest energy producers. In fact, based on the latest figures, the top three biggest energy-producing companies arestate-owned enterprisescontrolled by national governments. Many of the biggest state-owned oil companies operate in the ...
Is General Electric Owned By China? No. In 2016 General Electric sold GE Appliances to Haier Group, a Chinese conglomerate based in Qingdao. This sale was misreported on social media platforms as a direct purchase of GE by China.18
Partnering with China will unlock new opportunities and diversify Saudi Arabia's economy, as success has been made in decoupling from oil sector, according to Saleh Khabti, Deputy Investment Minister for the Kingdom of Saudi Arabia. He mentioned that the options for cooperatio...
Top 13 largest Saudi Arabian Companies in the Real Estate sector by Market Cap This is the list of the largest public listed companies in the Real Estate sector from Saudi Arabia by market capitalization with links to their reference stock and industry. Saudi Arabia Real Estate Sector Analysis ...
Companies Law in Saudi Arabia Saudi Arabia's Council of Ministers approved the long-awaited New Companies Law, which marks a significant shift in the Kingdom's regulatory landscape.Enacted through Cabinet Resolution No. 678 and ratified by Royal Decree No. (M/132),this new legislation aims to...
Chinese vendors are already making their mark in overseas markets, with over a dozen providers offering basic cloud services. In addition to state-owned companies like Ctyun and eCloud, private cloud service providers such as Kingsoft Cloud, UCloud, and Global Data Solutions have also devised over...
Addressing the opening ceremony, Chinese Ambassador to Saudi Arabia Chen Weiqing said that in recent years, with the sustained and rapid development of China-Saudi Arabia relations, more and more Chinese-funded enterprises have landed in the kingdom. ...