Saudi Pro League allows clubs to sign players to strengthen squads
Privatisation
Latest in Privatisation
al ahli
Saudi sport sector targets $4.8bn GDP boost by 2030; Deloitte identifies 4-step approach for privatised clubs
Deloitte has produced a four-step approach for Saudi sports clubs to succeed after privatisation
airline business
Pakistan announces plans to privatise loss-making national airline, outsource airport operations
The privatisation of the Pakistan International Airlines (PIA), which has accumulated hundreds of billions of rupee in losses and arrears, comes after the country agreed to fiscal discipline plans with the IMF
DFM
Dubai’s RTA eyes banks ahead of IPO: Report
This marks Dubai’s first privatisation move of the year
desalination plant
Saudi Arabia halts $2bn sale of water plant stake
Privatisation of the Ras Al Khair desalination and power plant had attracted interest from investors including France’s Engie SA
Oman Cement Company
Oman is said to explore cement stake sale in privatisation drive
The sultanate is speaking to advisers about selling its nearly 54 percent holding in the company
Indian economy
India to privatise state assets across sectors
The move will open the country to more foreign investors in bid to revive coronavirus-hit economy
Aramco IPO
HSBC becomes majority shareholder of Saudi subsidiary
HSBC Group now owns 51% of HSBC Saudi Arabia
CBRE
Saudi office rentals rates plummet by 7%, but SME workspace demand rises
Hospitality sector in Riyadh is broadening due to the country’s fledgling entertainment sector, according to CBRE
budget deficit
Kuwait said to mull privatisation of ministry, gov’t entities
According to local media, the ministry of services will be among those privatised
corporate restructuring
Privatisation sales, IPOs lagging behind M&A activity in region – report
A report from Hogan Lovells found that GDP growth has not led to an improved environment for the GCC private sector
Alawwal Bank
Saudi Arabia’s Alawwal Bank, SABB merger “on track” for H1 completion
The merger will create the kingdom’s third largest bank
King Khalid International Airport
Saudis set for $11bn asset-sale blitz after slow start
Saudi government hopes to generate about $11 billion by 2020 through its privatisation programme that includes the sale of stakes in utilities, soccer clubs, flour mills and medical facilities
2019 Salary Guide
Salaries in Saudi to increase 5-6% in 2019, says Cooper Fitch
A 15% rise in women in the workforce is also expected over the next 12 months
Dubai
Dubai unveils ‘Fifty Year Charter’ to improve lives of residents
Sheikh Mohammed’s Fifty Year Charter includes nine-articles focused on the economy, education, medicine and philanthropy
Al Hilal FC
Plan to privatise Saudi Arabia’s football clubs faces delay
Head of the Saudi Football Federation says privatisation might happen beyond the targeted 2020
Abdul Hakim Al-Bader
New operator for Jeddah airport to be appointed in H2 2019 – official
In February, Saudi authorities terminated an agreement that saw a consortium of Singapore’s Changi Airports International and Saudi Naval Support Company to manage the airport