Related Research Articles
The economy of Saudi Arabia is the largest in the Middle East and the eighteenth largest in the world. A permanent and founding member of OPEC, Saudi Arabia is also a member of the G20 forum as one of the world's largest economies.
Saudi Aramco, officially the Saudi Arabian Oil Group or simply Aramco, is a Saudi petroleum and natural gas company, most of whose shares are owned by the Saudi Arabian state. As of 2022, it is the second largest company in the world by revenue and is headquartered in Dhahran. It has repeatedly achieved the largest annual profits in global corporate history. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels, and largest daily oil production of all oil-producing companies. It was founded in California in 1933 and moved its headquarters to Saudi Arabia in 1952.
Saudi Exchange or Tadāwul is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market. It continued as such with only 14 listed companies through the 1970s and began to acquire some formal status as the Saudi Company for Share Registration in 1980. It is regulated by the Capital Market Authority but has become partially self-regulating since 2018. It lists 203 publicly traded companies. As of 31 December 2020, its trading hours are 10:00AM to 3:10PM, Sunday to Thursday.
Saudi Arabia's Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
The Saudi Central Bank, previously known as the Saudi Arabian Monetary Authority, established in 1952, is the central bank of the Kingdom of Saudi Arabia. After the name change in 2020, the Saudi Central Bank continued to use the same acronym (SAMA).
King Abdullah Economic City is a planned city in Makkah Province, Saudi Arabia. It was announced as a megaproject in 2005 by King Abdullah bin Abdulaziz. It is located in close proximity to Thuwal, almost 100 km (62 mi) north of Jeddah.
Saudi National Bank (SNB), also known as SNB AlAhli (Arabic: البنك الأهلي السعودي, formerly known as The National Commercial Bank, is the largest commercial bank in Saudi Arabia.
Almarai Company is a Saudi multinational dairy company which is listed on the Tadawul stock exchange. It specializes in food and beverage manufacturing and distribution. The company's main offices are located in Riyadh, Saudi Arabia.
The Capital Market Authority is the Saudi governments financial regulatory authority responsible for capital markets in Saudi Arabia. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister. Its responsibilities include setting and policing financial rules and regulations and developing the capital markets, this includes regulating the Tadawul, Saudi Arabia's stock exchange. CMA is the first government authority to receive accreditation in institutional structure maturity from the National Enterprises Architecture (NEA) of the e-Government Program Yesser.
Capital punishment in Saudi Arabia is a legal penalty. Death sentences are almost exclusively based on the system of judicial sentencing discretion (tazir), following the classical principle of avoiding Sharia-prescribed (hudud) penalties when possible. In recent decades, the government and the courts have increasingly issued these sentences, reacting to a rise in violent crime during the 1970s. This paralleled similar developments in the U.S. and Mainland China in the late 20th century.
Saudi Arabia is the second biggest tourist destination in the Middle East with over 16 million visiting in 2017. Although most tourism in Saudi Arabia still largely involves religious pilgrimages, there is growth in the leisure tourism sector. As the tourism sector has been largely boosted lately, the sector is expected to be the white oil for Saudi Arabia. This is proved as tourism sector is expected to generate $25 billion in 2019. Potential tourist areas include the Hijaz and Sarawat Mountains, Red Sea diving and a number of ancient ruins.
Etihad Atheeb Telecommunications Co., trading as GO, is the second fixed-line operator to acquire a license from the Communications and Information Technology Commission (CITC) to provide fixed services including voice and broadband services based in Saudi Arabia.
Weqaya, known also as Weqaya Takaful Insurance and Reinsurance Company, is one of the largest joint stock companies in Saudi Arabia, with a paid up capital of SR 200 Million. Weqaya Head Offices are located in Riyadh and there are three Regional Offices in Jeddah and Khobar.
Jarir Marketing Company, also known as Jarir Bookstore, is a Saudi Arabian establishment founded by Abdulrahman Nasser Al-Agil. Currently, Jarir has a paid-up capital of SR 1.20 Billion. Jarir’s headquarters is located in Riyadh, Saudi Arabia. Jarir operates through two divisions namely Retail, under the trademark of Jarir Bookstore, and a Wholesale division.
HSBC Saudi Arabia Limited is a joint venture between The Saudi British Bank (SABB) and HSBC Holdings plc, established in 2005, as a limited liability company headquartered in Riyadh, Saudi Arabia with a share capital of SAR 50 million.
BupaArabia is a Saudi-owned and operated publicly traded company with 800 million Saudi riyal in paid-in capital. Bupa Arabia provides health insurance in accordance with the requirements of the Council of Cooperative Health Insurance and the Saudi Arabian Monetary Authority (SAMA).
Abdullah Al-Othaim Markets Company is a Saudi Arabia–based joint stock company, currently operating in Saudi Arabia and Egypt. It is the subsidiary of Sheikh Saleh Ali Al Othaim Organization, which was founded in 1956. Its main activities are food wholesaling, grocery stores, and malls.
Sarah Al-Suhaimi is the first Saudi woman to chair the Saudi Arabian stock exchange (Tadawul), the largest stock market in the Middle East. She is leading comprehensive efforts to further connect the Saudi capital markets with the global system, in line with Vision 2030.
The following lists events in the year 2019 in Saudi Arabia.
References
- 1 2 "Nomu - Parallel Market". Tadawul. 2019. Retrieved 5 September 2019.
- ↑ "Al Rajhi Capital | NOMU - Parallel Market". www.alrajhi-capital.com. Retrieved 2019-09-05.
- ↑ "Factfile: What is the Saudi Nomu-Parallel Market?". english.alarabiya.net. Retrieved 2019-09-05.
 | This Saudi Arabia related article is a stub. You can help Wikipedia by expanding it. |