Saudi Arabia asks banks for proposals to refinance $10bn loan, raise more debt

Saudi Arabia has asked banks for proposals to refinance its $10bn international syndicated loan and to help the sovereign raise funds through other means, the country’s debt management office said on Sunday.

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Saudi British Bank’s Mulhem released from corruption probe

Prominent Saudi Arabian businessman Khalid Bin Abdullah al-Mulhem has been released after being detained for more than two months, sources told Reuters on Tuesday.

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Saudi hardship payments will boost economy, but could impact deficit

Saudi Arabia’s royal order to pay a hardship allowance to government workers could boost the economy but will also impact the kingdom’s budget deficit, according to Bank of America Merrill Lynch (BofAML).

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Saudi Shoura members demand committee to address gender pay gap

Members of Saudi Arabia’s Shoura council have reportedly demanded the formation of a supervisory committee to address the gender pay gap in the kingdom.

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Saudi Binladin Group shares may be transferred to state

Saudi Binladin Group (SBG) said on Saturday some shareholders in the construction giant might transfer part of their holdings to the state in a settlement with authorities, which detained several members of the founding family in an anti-graft drive.

 

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