Knowledge Economic News Today

Two Hyatt-branded hotels set to debut in Madinah as Hyatt House Madinah KEC and Hyatt Centric Madinah KEC.

Knowledge Economic City Company has awarded a SR507-million ($135 million) electromechanical and finishing works contract to Alsaad Company for its upcoming retail project, KEC Hub, located in the northern part of the KEC development.

RIYADH: Like most major Gulf markets, Saudi stocks extended gains on Wednesday mirroring a rise in global peers after sentiment was lifted by receding fears of a global banking crisis and rising oil prices. Saudi Arabia's benchmark stock index edged up 0.3 percent supported by gains in most sectors, led by healthcare and financials. Dr Sulaiman Al-Habib Medical Services added

MADINAH: Madinah has long been a beacon of light and knowledge. Pilgrims and visitors can attest to the peace they find in a holy city immersed in a halo of light. Madinah has made great strides in recent years to establish itself as an ideal venue for museums and a place of learning. Scholars flock here to navigate the path that the Prophet Muhammed walked and to study the

RIYADH: Shares of Savola Group Co. increased 0.66 percent, after its shareholders approved selling all Savola’s shares in Knowledge Economic City Co. to Taiba Investments Co. for SR459 million ($122 million). Savola saw its shares increase to SR30.8 as of 10:06 a.m. Saudi time. Savola owns an 11.47 percent stake in KEC — direct ownership of 6.40 percent and indirect ownership

Saudi Arabias Tourism Development Fund has signed an agreement with Knowledge Economic City (KEC) and Riyad Bank to co-finance the development of the SR 1.3 billion ($346.3 million) ‘KEC Hub’, a 68,000-sq-m tourism complex within KEC.