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SAL is owned by Saudi Arabian Airlines - Saudia - and Tarabot

Saudi logistics company SAL announces IPO

Saudi Logistics Services Company – known as SAL – said on Tuesday it would launch an initial public offering of 30 percent of its shares on the Saudi market. It was not clear when the SAL IPO will take place. A statement said the price of each of the 24 million shares would be determined […]

Visitors to Saudi Arabia perform the Umrah pilgrimage

Saudi expands online visa programme in tourism drive

Saudi Arabia has added eight new countries to its list of nationalities that can apply for a tourist visa online, as the kingdom aims to attract 100 million visitors per year by 2030. The addition of Albania, Azerbaijan, Georgia, Kyrgyzstan, Maldives, South Africa, Tajikistan and Uzbekistan to the e-visa system allows people from these countries […]

Saudia passengers

Saudia international passengers up 52% in H1

Saudi Arabian Airlines (Saudia) reported a 52 percent year-on-year rise in international passenger traffic in the first half of 2023, climbing to 7.4 million passengers.   The growth was partly driven by the state-owned airline extending its reach to four continents. Saudia operated a total of 37,600 international flights, marking 30 percent growth. In total the […]

Saudi catering firm signs $2.4bn deal with Red Sea Global

Saudi Airlines Catering Company (SACC) has signed two contracts worth SAR9 billion ($2.4 billion) with Red Sea Global, the developer of Red Sea and Amaala mega projects. The first contract, valued at SAR6.3 billion, is to design, build, operate and transfer a central production unit for catering and facilities management to service RSG hotels, resorts […]

Neom air taxi Video length: 00:59

Neom’s flying taxi takes to the skies

Plans to introduce flying taxis to Saudi Arabia’s $500 billion Neom development have accelerated after a series of successful test flights in the kingdom. Neom entered into a $191.2 million investment and joint venture with German aircraft manufacturer Volocopter in 2021. The tests lasted over a week and built on 18 months of collaboration between […]

Boeing looks at selling 150 jets to Riyadh Air 

Boeing Co is looking at striking a deal to sell about 150 737 Max jetliners to Saudi Arabia’s Riyadh Air. The new carrier, wholly owned by the kingdom’s Public Investment Fund, is looking for about 300 to 400 single-aisle jets in total, Bloomberg News reported, citing informed sources. European plane manufacturer Airbus may also claim […]

Saudi events company Sela are looking to secure a £25m-a-year shirt sponsorship deal with Newcastle United

Newcastle Utd’s shirt kicks off sponsorship rules debate

Saudi Arabia’s sovereign wealth fund is believed to be in talks to award Newcastle United Football Club’s latest shirt sponsorship deal to a little known sports entity it owns. While the move means the country has decided to leave its major powerhouse brands on the bench, experts believe the deal may still fall foul of […]