The directive applies to restaurants, cafes, and online delivery platforms, requiring them to include detailed ingredient information on both printed and digital menus. The aim is to empower consumers with clear and accurate food information, allowing them to make informed and healthier dietary choices.

In addition to listing ingredients, menus must also include the following:

• A salt shaker icon next to items high in sodium, warning customers about excessive salt content.
• The exact amount of caffeine present in beverages.
• The caloric value of each dish and an estimate of the average time needed to burn those calories through physical activity.

This initiative is designed to enhance consumer awareness, encourage healthier eating behaviors, and boost transparency and development in Saudi Arabia’s food sector.

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The updated schedule will be in effect from June 5 to June 14 (corresponding to Dhul Hijjah 9 to 18), after which normal operations will resume.

All metro lines will uniformly end operations at midnight during this period, while start times will vary by line and date:

• Orange Line (Line 1): Operating daily from 10 a.m. to midnight during the holiday. Normal operations (starting at 6 a.m.) resume on June 15.
• Other Metro Lines:
  • June 5: Start at 8 a.m.
  • June 6–8: Start at 10 a.m.
  • June 9–11: Revert to 8 a.m.
  • June 12: Resume normal start time of 6 a.m.

Meanwhile, city bus services will maintain daily operations from 5 a.m. to midnight between June 5 and June 12, ensuring uninterrupted public mobility across Riyadh.

To meet increased holiday demand, especially around key gathering areas and commercial hubs, the authority also confirmed that on-demand bus services will be fully operational throughout the Eid period, offering greater flexibility and convenience for commuters.

These adjustments aim to support the city’s residents and visitors by ensuring efficient, reliable, and accessible transportation during the festive season.

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Riyadh : An Indian all-party parliamentary delegation visiting Riyadh has praised Saudi Arabia’s unwavering stance against terrorism. The delegation arrived on a two-day visit aimed at sharing India’s perspective on counterterrorism efforts, particularly in light of the recent Pahalgam terror attack and the subsequent Indian military operation, ‘Sindoor’.

The Indian representatives held formal discussions with senior Saudi officials, including Deputy Speaker of the Shura Council Dr. Mishaal Al-Sulami and Major General Abdul Rahman Al-Harbi, Chairman of the Saudi-India Friendship Committee. Later, the team met with Adel Al-Jubeir, Saudi Minister of State for Foreign Affairs and the Kingdom’s representative to the UN Climate Committee. The meetings addressed bilateral concerns and areas of mutual interest.

The delegation lauded Saudi Arabia’s strong measures in combating terrorism and stressed the importance of global cooperation in eradicating extremist threats.

Tribute to Mahatma Gandhi

On Wednesday morning, the delegation paid floral tribute at the Mahatma Gandhi statue at the Indian Embassy premises. They also held discussions with Indian Ambassador Dr. Suhel Ajaz Khan and later engaged with senior Saudi officials, cultural and business leaders, highlighting India’s vision and commitment to fighting terrorism.

The visit will conclude today (Thursday) with further meetings across various sectors. A special interactive session titled “Meet the Indian Delegation” will be held at the Indian Embassy’s multipurpose hall from 3:00 to 4:30 PM for Indian expatriate community representatives and media personnel.

Warm Welcome at Riyadh Airport

The seven-member team arrived at King Khalid International Airport in Riyadh on Tuesday night and was formally received by Major General Abdul Rahman Al-Harbi and Abu Mathen George, Deputy Chief of Mission at the Indian Embassy.

Originally an eight-member team was designated to visit Bahrain, Kuwait, Saudi Arabia, and Algeria. However, former Union Minister Ghulam Nabi Azad, who was hospitalized during the Kuwait visit due to illness, had to return to India, leaving a seven-member delegation to proceed to Saudi Arabia.

Delegation Composition

The delegation is led by BJP MP Baijayant Jay Panda and includes:

• Dr. Nishikant Dubey (BJP), Chairman of the Parliamentary Committee on Communications and IT
• Phangnon Konyak (BJP)
• Rekha Sharma (BJP)
• Asaduddin Owaisi (AIMIM)
• Satnam Singh Sandhu (MP)
• Harsh Vardhan Shringla, former Foreign Secretary

Following the completion of the Riyadh leg, the delegation is scheduled to depart for Algeria on Friday.

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Speaking at the Hail Forum during a session on “Investment Opportunities in the Transport and Logistics Sector,” Saud Al-Arifi, Director General of the General Administration of Privatization at the ministry, emphasized that the expansion supports the Kingdom’s goal of transforming Hail into a fully integrated logistics hub.

Currently serving as the main airport for the Hail Province, the facility is used by airlines such as Air Arabia, flynas, and flyadeal. The airport’s strategic location—within 60 minutes of 11 Arab capitals and 200 minutes from Central Europe—makes it an ideal candidate for further development.

In addition to the airport upgrade, the Ministry, in cooperation with the Hail Region Development Authority, is developing a massive logistics centre covering more than 374,000 square meters. This facility will enhance supply chain efficiency and boost cargo movement across Saudi Arabia.

A separate initiative to upgrade roadside services across the region is also underway, aimed at improving road safety and enhancing travel amenities.

Vision 2030: Saudi Arabia’s Aviation and Logistics Overhaul

The Hail airport expansion is part of Saudi Arabia’s larger Vision 2030, a national plan to diversify the economy beyond oil and position the Kingdom as a global leader in logistics, aviation, and tourism.

Key goals under the Saudi Aviation Strategy include:

• Passenger Growth: Increase total passenger traffic to 330 million annually by 2030, up from 112 million in 2023.
• Cargo Expansion: Grow air cargo volume to 4.5 million tonnes annually.
• Global Connectivity: Connect Saudi airports to over 250 international destinations.
• Infrastructure Investment: Modernize airports across the Kingdom, including the upcoming King Salman International Airport in Riyadh and the new Abha International Airport.
• Airline Development: Launch new carriers like Riyadh Air and NEOM Airlines, joining existing players like Saudia and flynas.

Riyadh Air, backed by the Public Investment Fund (PIF), is expected to launch in Q3 2025. Its fleet will include 60 Airbus A321neo aircraft and up to 72 Boeing 787 Dreamliners, with further discussions ongoing for additional wide-body aircraft, including the Airbus A350-1000 and Boeing 777X.

These developments underscore Saudi Arabia’s commitment to transforming its aviation and logistics sectors into global benchmarks, anchoring the Kingdom’s vision for a diversified and connected future.

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The arrests, carried out between May 8 and May 14, were the result of joint raids led by the Ministry of Interior in coordination with various security agencies and government departments.

Of those arrested:

• 9,212 were in violation of residency laws
• 3,502 breached border security regulations
• 1,873 violated labor laws

In addition to the deportations, authorities reported that:

• 17,567 individuals were referred to their respective embassies to process travel documents
• 1,349 people are currently completing exit procedures

Among the 1,268 individuals arrested while attempting to cross the border illegally:

• 62% were Ethiopian nationals
• 35% were Yemeni nationals
• The remaining 3% were from other nationalities

The Ministry also arrested 23 individuals who were found to have aided violators by providing them with transportation, accommodation, or employment.

Currently, 23,318 people — including 22,263 men and 1,055 women — are undergoing legal procedures related to their illegal stay.

The Interior Ministry warned that those who assist illegal migrants in any way—such as facilitating entry, providing shelter, or offering transportation—may face up to 15 years in prison, a fine of up to 1 million Saudi Riyals, and confiscation of the vehicles or properties used in such activities.

Authorities urged the public to report violations by calling 911 in Makkah, Riyadh, and the Eastern Province, and 999 or 996 in other regions of the Kingdom.

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Upon arrival at King Khalid International Airport, Sheikh Khaled was welcomed by Prince Mohammed bin Abdulrahman bin Abdulaziz, Deputy Governor of the Riyadh Region, along with several senior Saudi officials.
Accompanying Sheikh Khaled is a high-level delegation, including Sheikh Khalifa bin Tahnoon bin Mohammed Al Nahyan, Chairman of the Abu Dhabi Crown Prince Court; Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority; Yousef Al Otaiba, UAE Ambassador to the United States; Lana Zaki Nusseibeh, Assistant Minister of Foreign Affairs for Political Affairs; Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council; and Maryam Eid AlMheiri, Chairperson of the Abu Dhabi Media Office.

The Gulf-US Summit, taking place today in Riyadh, brings together leaders from the Gulf Cooperation Council (GCC) and U.S. President Donald Trump. The summit aims to enhance Gulf cooperation and deepen the strategic partnership with the U.S., focusing on shared interests in regional security, stability, and sustainable development.
Key topics on the agenda include strengthening security cooperation, boosting economic partnerships in sectors like energy, technology, and trade, and exploring investment opportunities and joint ventures to drive economic growth in the region. Additionally, discussions will cover sustainable development initiatives, including renewable energy projects and environmental conservation efforts, as well as enhancing cultural and educational exchanges to foster mutual understanding and collaboration between the Gulf states and the U.S.
The summit is anticipated to result in several key agreements and joint statements that will outline the commitments of both the GCC leaders and the U.S. towards achieving a more secure and prosperous region. The discussions are further expected to pave the way for future collaborations and reinforce the longstanding partnership between the Gulf states and the United States.

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The awards recognize outstanding creativity in video production, drawing, photography, and writing, with participants divided into individuals, university students, and school students.

Oman’s Notable Achievements:
Marwa Farouk Mohammed Radwan – First Place, Individual Writing Category

Sarah bint Hamad Al Maamari – Third Place, University Photography Category

Al Mohannad bin Mohammed Al Riyami – Third Place, University Video Category

Juhaina bint Sulaiman Al Rashidi – Second Place, School Drawing Category

Saleh bin Khalid Al Qatiti – Second Place, School Video Category

This year’s edition honored 44 winners from across the Gulf region, showcasing the rich talent and creative potential among youth and professionals alike.

Oman’s impressive presence at the awards underscores the nation’s growing commitment to fostering innovation, financial literacy, and creative expression within its educational and professional communities.

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This IPO not only marks another major listing in the Kingdom’s capital markets, but also puts the spotlight back on the Gulf’s booming aviation industry. With its extensive network spanning 72 destinations, flynas transported 10.9 million passengers in the first nine months of 2024 alone.

The airline continues to grow its fleet with a robust order of 30 Airbus A330neo and 130 A320neo aircraft. Financially, flynas is cruising steadily, posting revenues of SR434 million in 2024’s first nine months, up from SR401 million in the same period a year earlier. In 2023, annual revenues had soared past SR7.5 billion.

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In an urgent bid to mend strained ties with Saudi Arabia, PwC has announced the departure of several senior board members in its Middle East division. Among those stepping down are Mohamed ElBorno, head of assurance, and Emma Campbell, in charge of partner affairs—both long-standing figures in the firm. More exits may be on the horizon, insiders suggest.

The fallout traces back to PwC’s attempt to poach Jason Davies, Neom’s former chief internal audit officer, which irked Saudi authorities. The kingdom responded in February with a one-year ban on new advisory contracts with PwC, although auditing services remain unaffected. This comes at a time when PwC’s Middle East unit is booming—recording a 26% rise in sales last year, far surpassing UK growth figures.
Saudi Arabia’s push for Saudisation through its Nitaqat programme is also reshaping the landscape for international consultancies. Firms are now under pressure to localise talent and reduce reliance on foreign hires.

PwC’s troubles strike a nerve not only because of lost contracts with PIF—whose assets touch nearly a trillion dollars and span global giants like Uber and Meta—but also because it risks losing ground in one of the world’s fastest-growing advisory markets. Gulf spending on external consultancy is expected to jump 12% this year, more than double the growth forecast for the US.

PwC had acquired its regional business for £15 million in 2009, and it has since become a cornerstone of its global operations. But in a region where relationships are everything, the firm now finds itself in damage control mode.

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From April 10, flynas have been operating three weekly flights between King Khalid International Airport in Riyadh and Shaikh Zayed International Airport in Abu Dhabi on Tuesdays, Thursdays, and Sundays. Passengers on the inaugural departing flight were greeted with special giveaways.
flynas now stands as the only Saudi Arabian carrier serving all four major airports in the UAE with direct flights from its main hubs in Riyadh, Jeddah, Dammam, and Madinah.

This expansion into the UAE market aligns with flynas’ ambitious growth strategy, “We Connect the World to the Kingdom,” and supports Saudi Arabia’s National Civil Aviation Strategy’s goals of connecting the Kingdom with 250 international destinations, accommodating 330 million passengers, and hosting 150 million tourists annually by 2030. The initiative also contributes to the Pilgrims Experience Program (PEP) by facilitating access to the Two Holy Mosques.

An inaugural ceremony was held at King Khalid International Airport (KKIA) in Riyadh to commemorate the maiden direct flight between the Saudi and Emirati capitals. Representatives from flynas and Riyadh Airports Company, the operator of KKIA, attended the event. This new route further solidifies flynas’ position as the largest air carrier connecting the two nations, now offering more than 20 daily flights.
The airline operates 139 routes to over 70 domestic and international destinations across 30 countries, with more than 1,500 weekly flights. Since its inception in 2007, flynas has carried over 80 million passengers and aims to reach 165 domestic and international destinations as part of its growth and expansion plan, which aligns with Saudi Vision 2030.

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“The certificate was issued after the airline met all regulatory requirements and safety standards,” GACA said on Sunday. Riyadh Air is projected to fly to more than 100 destinations by 2030.

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The meeting brought together Crown Prince Mohammed bin Salman, Kuwait’s Emir Sheikh Mishal Al Ahmad, Qatar’s Emir Sheikh Tamim bin Hamad Al Thani, Egyptian President Abdel Fattah El Sisi, and Jordan’s King Abdullah II.
Today, I participated in a meeting in Saudi Arabia with a group of leaders of Gulf Cooperation Council states, Jordan, and Egypt as part of efforts to further strengthen coordination and consultation between our countries. I thank the Custodian of the Two Holy Mosques King Salman… pic.twitter.com/89WRcokwkl

— محمد بن زايد (@MohamedBinZayed) February 21, 2025
Also in attendance were Bahrain’s Crown Prince Salman bin Hamad, Jordan’s Crown Prince Hussein bin Abdullah, and Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi.

In a post on the social media platform X, Sheikh Mohamed bin Zayed stated: “Today, I participated in a meeting in Saudi Arabia with a group of leaders from the Gulf Cooperation Council states, Jordan, and Egypt as part of efforts to further strengthen coordination and consultation between our countries. I thank the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman for organizing this constructive dialogue.”

According to the Saudi Press Agency (SPA), the meeting continues a longstanding tradition of periodic informal discussions among GCC leaders, Jordan, and Egypt.

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Eng. Aladdin Bait Fadhel, Chief Commercial Officer of Omantel, stated: “At Omantel, our vision is to solidify our leadership role as a key enabler of Oman’s digital transformation and to be the premier provider of innovative technology solutions in the region. Our collaboration with Shaffra will significantly contribute to developing cutting-edge technology solutions, particularly in artificial intelligence, for our customers”.
Al Harith Al Atawi, CEO of Shaffra Technology Labs, expressed his enthusiasm about partnering with Omantel on this strategic project. He noted that this cooperation would open vast opportunities for Shafra in the Omani market by introducing successful AI and metaverse solutions, such as the AI employee project, which is now being adopted by numerous government and private entities in several countries. “We aim to deliver a unique experience for Omantel customers through this partnership and innovative projects that enhance productivity and reduce costs,” said Al Atawi..
Omantel has previously signed multiple agreements to localize global technologies and enhance the ICT infrastructure in the Sultanate. In collaboration with major international technology giants, Omantel seeks to attract the latest technological and innovative advancements to foster Oman’s digital transformation. This strategic initiative aligns with Omantel’s vision to become an integrated provider of digital solutions, catering to the diverse needs of government institutions, private sector companies, and individual subscribers under one umbrella.

Omantel has succeeded, through the integration of its operations, processes, and extensive expertise in the field of communications and digital technology, in establishing its position as a leading telecommunications company within the Sultanate of Oman and beyond. The company’s innovative approaches have contributed to providing state-of-the-art solutions to different consumer and business sectors. The company aims to deliver an unparalleled, exceptional experience to its customers and strives to always exceed their expectations. To achieve the objectives of Oman Vision 2040, Omantel invests in emerging technologies and provides cutting-edge ICT solutions, such as cloud solutions, AI, Smart solutions, cybersecurity, and much more, in addition to harnessing its technological capabilities to enhance innovation and leadership in new and advanced technologies.

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The agreements involved both public and private sector companies, with key representatives from the Ministry of Transport, Communications, and Information Technology (MTCIT), including His Excellency Dr. Ali Amer Al Shidhani, Undersecretary for Communications and Information Technology, present at the event.

Among the major deals, Global Semiconductor & Microelectronics (GSME), an Omani company founded through international collaboration, secured a $10 million agreement with Saudi company e-Photonics. This deal aims to promote cooperation in semiconductors, electronics, and 3D computer vision solutions, focusing on knowledge exchange and joint research and development.

Another agreement was signed between Omani tech company DataMining and Saudi firm AlJazeera Falcons, valued at approximately $1 million. This partnership will focus on software development, artificial intelligence, and electronic product production tailored for the Saudi market.

The Oman Information and Communications Technology Group (ITHCA) also saw success at the event, with several of its member companies signing key deals. Mubasher, a digital advertising solutions provider, secured a $1 million agreement with Saudi company OOMCO; OSOS, an ITHCA member, signed six agreements related to software systems, artificial intelligence, cloud solutions, and technical support with international companies.

With a total value of $12 million in agreements on the first two days alone, Oman’s participation in LEAP 2025 has proven to be a significant step forward in establishing the Sultanate as a hub for innovation and technological development in the region.

The LEAP 2025 conference, running from February 9-12, 2025, has gathered over 1,800 exhibitors, including 630 emerging tech companies, and is recognized as one of the largest and most prominent tech events in the Middle East. Oman’s pavilion, organised by MTCIT for the third consecutive year, features 47 companies, including 37 Omani tech startups, and is a key platform for showcasing Oman’s digital solutions and promoting investment opportunities.

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His Highness Sayyid Faisal was appointed as the Ambassador to the Kingdom of Saudi Arabia and its Permanent Representative to the Islamic Cooperation Organisation in December 2020 through a Royal Decree No 2020/129 by His Majesty Sultan Haitham bin Tarik.
On Wednesday, His Excellency Adel bin Ahmed Al-Jubeir, Minister of State for Foreign Affairs in Saudi Arabia received Sayyid Fasial to bid farewell on the occasion of the end of his term as Ambassador.

His Excellency Adel Al Jubeir appreciated the good efforts made by His Highness Sayyid Faisal in strengthening relations between the two countries.

Data released by National Centre for Statistics and Information shows a significant rise in trade between the two nations. Omani non-oil exports to Saudi Arabia have doubled since 2020, reaching over RO1bn at the end of 2023. This increase is attributed to growth in exports of mineral products, machinery, electrical equipment and food products.

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Among those arrested were one employee from the Ministry of Interior, four from the Zakat, Tax, and Customs Authority, and one from the Saudi Electricity Company. These individuals are believed to have coordinated with an international smuggling network.
The gang used advanced tactics to bypass airport security, including concealing drugs in luggage that evaded inspection. The drugs were then hidden in multiple locations across the Kingdom for distribution.
The Ministry of Interior reaffirmed its commitment to tackling drug trafficking and safeguarding the nation’s youth from the dangers of drug abuse.

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The Saudi foreign ministry announced the summit in late October during the first meeting of an “international alliance” pushing for a two-state solution to the Israeli-Palestinian conflict.
Attendees will “discuss the continued Israeli aggression on the Palestinian territories and the Lebanese Republic, and the current developments in the region,” the official Saudi Press Agency said on Sunday.

It comes one year after a similar gathering in Riyadh of the Cairo-based Arab League and the Jeddah-based Organisation of Islamic Cooperation (OIC) during which leaders condemned Israeli forces’ actions in Gaza as “barbaric”.
The Saudi state-affiliated Al Ekhbariya news channel broadcast footage on Sunday of Nigerian President Bola Tinubu and Lebanese Prime Minister Najib Mikati landing in Riyadh.
Pakistani Prime Minister Shehbaz Sharif was also scheduled to attend, the Pakistani foreign ministry said last week, adding that he planned to call for “an immediate end to the genocide in Gaza” and the “immediate cessation of the ongoing Israeli adventurism in the region”.

The 57-member OIC and 22-member Arab League include countries which recognise Israel and those firmly opposed to its regional integration.

Last year’s summit in Riyadh saw disagreement on measures like severing economic and diplomatic ties with Israel and disrupting its oil supplies.
The war in Gaza erupted with Hamas’s unprecedented attack on southern Israel on October 7 last year, which resulted in 1,206 deaths, mostly civilians, according to an AFP tally of Israeli official figures.

Israel’s retaliatory campaign has killed more than 43,600 people in Gaza, most of them civilians, according to data from the Hamas-run territory’s health ministry that the United Nations considers reliable.

Lebanon-based Hezbollah, which like Hamas is backed by Iran, began firing on Israel after the October 7 attack. The regular cross-border exchanges escalated in late September when Israel intensified its air strikes before sending ground troops into southern Lebanon against Hezbollah.

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Millions of students are currently enjoying a vacation at the end of the first semester, which runs through November 17. The holiday, which began on Thursday, has given a significant boost to the hotel business in Riyadh, where an annual entertainment and tourist festival is underway.
Room costs have reached SR7,000 per night, especially at five-star hotels in central Riyadh, according to the Saudi news portal Sabq, citing booking websites.

Occupancy rates at some central Riyadh hotels and those near the airport have reached 100%, while overall citywide occupancy is at 76%.
Prices for apartments and suites, which are not classified on hotel booking sites, have reached between SR8,000 and SR12,000 per day. This boom coincides with the fifth edition of the annual Riyadh Season.
The Saudi tourism sector has set a record after opening 12,000 hotel rooms, the highest in the world.

The kingdom’s tourism industry is thriving due to government initiatives to attract more visitors.The number of tourists in the kingdom surged to over 100 million last year.

Saudi Tourism Minister Ahmed Al Khateeb stated earlier this year that the kingdom’s tourism sector in 2023 achieved its target of 100 million tourists, including 77 million domestic visitors and 27 million international arrivals.

He cited a strategy outlined by Saudi Crown Prince Mohammed bin Salman, which envisions attracting 150 million tourists annually by 2030, including 80 million domestic tourists and 70 million international arrivals.

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The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil has darkened with concerns over demand, but the dividend is key for the government’s finances.

The test for how long the payout can be maintained will likely come early next year, when a special component that amounts to $43 billion a year is scheduled to start shrinking. Aramco is already paying out more than it’s earning, which is putting pressure on the balance-sheet with production near the lowest levels since 2021 and oil prices declining 13% in the past four months.

Aramco’s net income fell 15% to $27.6 billion in the quarter ended September compared with a year earlier, according to a statement. That missed analysts estimates compiled by Bloomberg. Free cash flow – money from operations after capital expenditure – of $21.99 billion was lower than the total dividend.

The payout is crucial for the Saudi budget as crude prices remain far below the levels the kingdom needs to balance spending. Crown Prince Mohammed Bin Salman is pushing ahead with ventures such as the futuristic project of Neom, but some plans – including Aramco’s own chemical plants – are being dialed back because of funding issues.

The government directly owns more than 81% stake and the sovereign wealth fund another 16%.

Saudi Arabia has kept its output at about 9 million barrels a day for over a year as part of OPEC+’s efforts to revive the market. The group has further delayed a plan to gradually unwind the cutbacks, as crude prices continue to struggle amid a fragile economic outlook.

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This order would mark the airline’s third, following its establishment last year and the anticipated launch of its first flights in summer 2025.

Riyadh Air announced a multi-billion-dollar agreement to acquire 60 narrow-body Airbus A321neo aircraft, which brings its total aircraft orders to 132.

This total includes a previous contract with Boeing for 39 wide-body Dreamliner 787-9s, which can seat just under 300 passengers, along with options for an additional 33 jets.

Saudi Crown Prince Mohammed Bin Salman views aviation as a crucial element of his Vision 2030 reform initiative aimed at diversifying the oil-reliant economy.
The goal is to increase annual passenger traffic to 330 million by the end of the decade.

By 2030, Riyadh Air aims to operate 100 routes, expanding to over 120 by 2035, though specific routes have yet to be disclosed.

The airline announced the establishment of its first revolving credit facility, which can reach up to $1.3 billion (Dh4.7 billion), with backing from eight financial institutions across Saudi Arabia and the Gulf region.

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