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FINANCIAL NEWS
Saudi mall builders to add new shops despite oil fall
13 Dec 2015
(MENAFN) Saudi Arabia plans to open a retail building that continues quickly even as oil, the kingdom’s main source of income falls.
Moreover, Riyadh is predicted to add 565,000 square meters of gross leasable area in 2017, while the seaside city of Jeddah is ready to complete 383,000 square meters.
Accordingly, average monthly trade sales jumped 15 percent this year despite fall in oil, which accounts for almost 80 percent of the kingdom’s budget.
“Retail is the only sector that’s strong and will remain strong in Saudi Arabia right now,” said a consultant with Cluttons.
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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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