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More than USD1 trillion worth of real estate and infrastructure projects, including 315,000 hotel keys, are under development or in the pipeline in the Kingdom of Saudi Arabia, underpinning the ambition set out in the country’s Vision 2030 strategy, according to industry experts speaking ahead of the upcoming Future Hospitality Summit (FHS) Saudi Arabia, taking place at the Al Faisaliah Hotel in Riyadh, 7-9 May 2023.

Bringing together government leaders, hotel investors, owners, developers and operators at what is set to be the biggest Future Hospitality Summit (FHS) to date, FHS Saudi Arabia will take place from 7-9 May at the Al Faisaliah Hotel in Riyadh.

Baker McKenzie has been recognized among the leading national and international law firms in the Middle East at the annual Chambers & Partners ...

Sico buys Saudi investment bank in $14.4m share swap MANAMA, 11 days ago Sico, a leading regional asset manager, broker, market maker and investment bank based in Bahrain, announced today (March 15) that it has completed the transaction to acquire a majority stake amounting to 72.7% in the Saudi-based Muscat Capital, a wholly owned subsidiary of Bank Muscat after obtaining all relevant approvals.   Sico, which is licensed as a wholesale bank by the CBB, said the acquisition took place by way of a share swap valued at BD5.5 million ($14.4 million), with 38.5 million of Sico’s treasury s...

Bahrain's SICO buys majority stake in Saudi-based Muscat Capital By: Times News Service Supplied picture Muscat: SICO BSC, a leading regional asset manager, broker, market maker and investment bank (licensed as a wholesale bank by the CBB), announced that it has completed the transaction to acquire a majority stake amounting to 72.7 per cent in the Saudi-based Muscat Capital, a wholly-owned subsidiary of Bank Muscat after obtaining all relevant approvals. The acquisition took place by way of a share swap valued at BD 5.5 million, with 38,563,894 of SICO’s treasury shares swapped for a major...