Sah bonds: All you need to know about Saudi Arabia’s first dedicated savings product for individuals RIYADH: Saudi Arabia has launched the subscription to its first savings product dedicated to individuals – Sah – with a yield reaching 5.64 percent on the first issuance. Registration for the Islamic-compliant bond, issued by the Ministry of Finance, … Read more
Saudi Arabia’s defense sector is ready to embrace the future, says Boeing top executive RIYADH: Saudi Arabia’s defense sector is future-ready, with plans to enhance capabilities for “whatever is next,” according to a top Boeing executive. Speaking to Arab News on the sidelines of the second World Defense Show 2024, Ted Colbert, president and CEO of … Read more
RIYADH: Saudi Arabian Military Industries, an affiliate of the Public Investment Fund, has signed an agreement with Saudi Advanced Industries Co. to acquire its stake in Al-Salam Aerospace Industries Co. According to a statement to the Saudi Stock Exchange, SAIC will sell its 10 percent stake in the military and civil aviation maintenance solution provider … Read more