Riyadh, Saudi Arabia

Saudi Arabia’s wealth fund seeks IPO of information security firm Elm – sources

DUBAI/RIYADH (Reuters) – Saudi Arabia’s sovereign wealth fund is considering an initial public offering of its information security company Elm, three sources familiar with the matter told Reuters. The $300 billion Public Investment Fund (PIF) sent banks a request in recent weeks to come up with proposals on how to go ahead with a sale of Elm shares to the ...

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Doha vs Riyadh: Who will win bid to host the Asian Games?

For Saudi Arabia at least, the cost of winning might outweigh the value of the reward Fireworks explode at the closing ceremony for the 2006 Asian Games in Doha (AFP) The simmering rivalry between Qatar and Saudi Arabia took an unexpected turn in recent weeks with the announcement by the Olympic Council of Asia that both nations had lodged formal bids to ...

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