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Saudi Real Estate Refinance Company raised 4 billion Saudi riyals ($1.07bn) through the issuance of a dual tenor sukuk or Islamic bonds

3,57,000 Saudi Riyals & 2,000 US Dollars worth Rs 70.28 lakhs seized from a Dubai bound passenger; he was arrested: Chennai Air Customs

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Saudi Arabia, the Arab region's largest economy, has been affected during the Covid-19 pandemic – yet 2021 has brought renewed optimism. Find out how many riyals you should be raking in below

The Misk Art Institute in Riyadh has doubled its annual art grant to a total of 1 million Saudi riyals

SP Saddar division Waqar Ahmed, while addressing a press conference in connection with the operation, said that the armed gang broke into the house of Qari Abid Ali and looted Rs700,000 in cash, 900 Saudi riyals, gold and valuable mobile phones.

A Saudi food and beverage technology firm raised 75 million riyals ($20 million) in funding led by a company controlled by the kingdom’s sovereign wealth fund

Saudi Arabia will have to slash its budget if oil prices remain around $50 a barrel, otherwise large fiscal deficits may put pressure on the riyal’s peg to the dollar

Saudi Arabia's PIF to have 4 trillion riyals of assets by 2025: Crown Prince

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Tamil Nadu: Chennai Air Customs yesterday seized currency notes -- 74,000 US dollars, 25000 Euros, 1,50,000 Saudi Riyals worth Rs 1.04 crore from 6 passengers and arrested one person. Foreign currency notes were concealed in power banks in backpacks.

The team recovered Rs6.32 million, 1,570 UAE Dirhams and 1,500 Saudi Riyals along with two mobile phones bearing the record of illegal monetary transactions in the form of messages.

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Footage shows GIANT LOCUSTS being sold at a market in Saudi Arabia. They're reportedly brought from Africa via the Red Sea. One bag costs 50 Saudi riyals (US$13.50)!

SAUDI AUSTERITY: Riyadh announces it will triple VAT rates (from 5% to 15%) to raise money to cover its widening fiscal deficit. Also ends the 1,000 riyals (~$270) monthly allowance that all public employees received since 2018 | #OOTT  #SaudiArabia 

COVID-19: Saudi king orders 1.8b riyals in aid to families

CHART OF THE DAY: Saudi Aramco drops below its IPO price of 32 riyals, down more than 6% in early trading in Riyadh | #AramcoIPO  #SaudiArabia  #OOTT 

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Saudi Aramco shares rise 10% in pre-mkt action. Aramco raised $25.6bn in the biggest-ever IPO, selling shares at 32 riyals each and valuing the company at $1.7tn, overtaking Microsoft and Apple as the most valuable listed company. (via BBG)

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BREAKING: Saudi Aramco announces it priced its IPO at 32 riyals per share, valuing the company at $1.7 trillion, short of the $2 trillion that MbS targeted. If all the green shoe is exercised, Aramco will raise ~$29.4 billion, making it largest IPO in history | #OOTT  #AramcoIPO 

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Saudi Aramco prices its IPO at 32 riyals per share, at top of 30-32 range, Valuing it at $1.7tn. Raises $25.6bn from IPO, the biggest amount in history. Total bids $119bn. (BBG)

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BREAKING: After insisting for nearly four years on a $2 trillion valuation, Saudi Arabia makes a U-turn and issues a preliminary guidance of $1.6-$1.7 trillion for the #AramcoIPO  (and the size of the offer is smaller than expected). In Saudi riyals, price guidance is SAR30-SAR32

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