Dar Al Arkan to spend over SR1bn on projects in '15
Dar Al Arkan Real Estate Development Co, Saudi Arabia's largest listed developer, plans to spend over SR1 billion (USD 267 million) on projects in 2015 and aims for 10 percent growth of its business that year, its chairman said.
Saudi Fransi Capital says three big IPOs in pipeline as market booms
Investment bank Saudi Fransi Capital has three big initial public offers of shares in the pipeline as the Saudi Arabian equity market booms and firms become keener to list, the company's chief executive said.
Dollar/Saudi riyal forwards jump as spot market pressured
The Saudi riyal fell sharply against the U.S. dollar in the forwards market on Tuesday to its lowest level since March 2011.