Browsing: Saudi Arabia

Saudi Arabia raised $12B through a three-part bond sale, drawing strong investor interest, the National Debt Management Center (NDMC) reported on Tuesday. The funds will help address the country’s budget deficit, repay maturing debt, and support its wide-ranging economic diversification projects.

FIFA has confirmed that Saudi Arabia will host the 2034 World Cup. This long-awaited announcement was made during the FIFA Congress on Wednesday, December 11, marking a major milestone in the Kingdom’s ambitious sporting vision and making it the second Middle Eastern country to host football’s premier event.

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is set to acquire a majority stake of 54 per cent in MBC Group from the Ministry of Finance, represented by Istedamah Holding, for a total of $2B (SAR 7.5B).