ownership

Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstanding loans into equity following an agreement with major lenders and minority shareholders. ACWA Guc, which operates the…
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The percentage of Saudi households owning a home reached 63.74 percent at the end of 2023, an increase of 16.7 percent compared to 2016, according to a new report. The Housing Program — one of the initiatives of the Kingdom’s Vision 2030…
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Saudi Arabia’s sports sector is set for a major boost as ownership of Diriyah Sports Club transfers from the Ministry of Sport to Diriyah Co., a firm owned by the Public Investment Fund. Crown Prince Mohammed bin Salman, serving as…
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The auction of a trophy awarded to the late Diego Maradona that was planned this week has been postponed, French auction house Aguttes said on Sunday amid a judicial investigation looking into the possible resale of stolen goods.…
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Saudi Arabia and Kuwait on Wednesday reaffirmed that ownership of the natural resources in the divided submerged area in the Arabian Gulf, including the entire Al-Durra field, is joint ownership between the two countries. The Kingdom’s…
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Head coach Eddie has revealed PIF chief Yasir Al-Rumayyan paid a visit to the Newcastle United dressing room in the aftermath of the team’s FA Cup embarrassment on Saturday. The chairman, along with co-owner Mehrdad Ghodoussi, spoke to…
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The UAE will allow foreigners to start a company without an Emirati shareholder from next month. The change comes into effect from June 1, WAM reported. “The amended Commercial Companies Law aims at boosting the country’s competitive…
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Jennifer Lopez and Alex Rodriguez up the ante in their Mets bid "It ain't over until it is over." That's how a confident Jennifer Lopez assured the New York Post this week that she's not backing off of her bid alongside fiance Alex…
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