Saudi Arabia's Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co. and Zain Saudi Arabia "in a merger that would form the kingdom’s largest cellular towers company," people familiar with the plans told Bloomberg.
Saudi Arabia's stock exchange, the Tadawul, is in talks to recast its small-cap market, called Nomu, as a hub for the Middle East’s burgeoning startup industry," people familiar with the matter told Bloomberg.
Saudi Arabia's King Salman issued a royal decree appointing Fahad bin Abdulrahman bin Dahes Al-Jalajel as the new health minister, replacing the long-serving Dr. Tawfiq bin Fawzan bin Mohammed Al-Rabiah, according to the Saudi Press Agency.
The U.S. State Department joined a chorus of other nations in condemning Friday's attack by the Iran-backed Houthi group on King Abdullah Airport in Jazan, Saudi Arabia that wounded 10.
Saudi Arabia's ACWA Power International, one of the Kingdom's main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports.
