QUOTED

“2,716,858 Umrah visas have been issued this Umrah season with 2,272,163 pilgrims arrived by air, 133,110 arrived by land and 7,299 arrived by sea. Those who arrived included 568,536 Pakistanis, 505,217 Indonesians, 292,822 Indians, 137,834 Egyptians, 124,951 Malaysians, 94,854 Turks, 90,894 Bangladeshis and 89,006 Algerians.”

Saudi Arabia’s Ministry of Hajj and Umrah, announcing the latest data on Umrah visits issued this year. This year’s Umrah season extends from August 17, 2019 to June 21, 2020.  Although there is a surge of Umrah pilgrims during the annual Hajj, pilgrims visit Saudi Arabia during much of the year. [arabnews.com]

TOP STORY

SAUDI ARAMCO IPO

Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’

saudi-aramco-ipo

Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion. [more]

 

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