Saudi Arabia recently hosted the third Future Investment Initiative (FII) at the Ritz Carlton in Riyadh. The event ended on Thursday with 24 investment deals worth $20 billion reported to have been signed across energy, transport, oil and gas, petrochemicals and manufacturing.

In other news, Saudi Aramco has confirmed that it plans to list 1% or 2% of shares on the local Saudi stock exchange, Tadawul. The oil giant also said it posted a net income of $68 billion during the nine-month period ending on September 30th.

To read about this and more of the week’s news from the Kingdom, click here.

If you would like to be added to our weekly email distribution of this newsletter, please email us.

 

Leave a Reply

Your email address will not be published. Required fields are marked *