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FINANCIAL NEWS
SAGIA cancels investment licenses for 62 foreign investors
22 Sep 2013
(MENAFN) Investment licenses for 62 foreign companies were cancelled by the Saudi Arabian General Investment Authority (SAGIA), Saudi Gazette reported.
SAGIA also prevented the companies from transferring the ownership of municipal registers, licenses or sponsorships.
The authority may cancel licenses for other companies in the future as the foreign investment market is under revision by SAGIA.
The Ministry of Interior suggested a supervision mechanism for foreign investors three months ago following complaints from governorates about foreign investors’ violations.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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