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SEVEN Entertainment Destination Set to Revolutionize Leisure Experiences in Jazan

The destination will feature a diverse range of entertainment experiences - SPA
The destination will feature a diverse range of entertainment experiences - SPA
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SEVEN Entertainment Destination Set to Revolutionize Leisure Experiences in Jazan

The destination will feature a diverse range of entertainment experiences - SPA
The destination will feature a diverse range of entertainment experiences - SPA

Work is intensifying on the SEVEN destination entertainment project in Jazan, with the over SAR1.3 billion venture now nearing its final stages and beginning to shape the city’s northern corniche landscape.

The project, the latest by Saudi Entertainment Ventures (SEVEN), a Qiddiya Investment Company subsidiary, is strategically located on the Jazan waterfront and spans 60,000 square meters of land, with a built-up area exceeding 73,000 square meters. It is poised to revolutionize entertainment across Jazan Region, prioritizing excellence, innovation, and incorporating the region's natural diversity and rich heritage.

The destination will feature a diverse range of entertainment experiences, including indoor golf, a family entertainment zone with exciting rides, multiple cinemas, an electric go-kart track, and an indoor adventure center focused on creativity and learning. This will be complemented by a selection of specially chosen cafes, restaurants, and retail shops to ensure an exceptional visitor experience.

This project is part of SEVEN's broader mandate to invest over SAR50 billion to develop 21 entertainment destinations across 14 cities, offering innovative, world-class experiences that enrich residents' lives and contribute significantly to the Kingdom's growing entertainment sector.

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Business

Saudi PIF Sets Three-part Dollar Bond Spreads as Demand Tops $21.6 Bln

The Saudi capital, Riyadh. SPA
The Saudi capital, Riyadh. SPA
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Saudi PIF Sets Three-part Dollar Bond Spreads as Demand Tops $21.6 Bln

The Saudi capital, Riyadh. SPA
The Saudi capital, Riyadh. SPA

Saudi Arabia's Public Investment Fund set spreads for a three-part benchmark dollar bond on Thursday after drawing more than $21.6 billion in combined demand.

The PIF tightened pricing on the three-year tranche to 95 basis points over US Treasuries from initial guidance of around 130 bps, the seven-year tranche to 105 bps from 135 ⁠bps and the 30-year ⁠tranche to 135 bps from 170 bps, fixed income news service IFR said.

Order books stood at more than $7.6 billion for the three-year notes, over $6.8 billion for the seven-year tranche and above $7.2 billion for the 30-year bonds, IFR said.

Citi, Goldman Sachs International, HSBC and J.P. Morgan ⁠are acting as joint global coordinators.

The PIF last tapped debt markets in January, raising $2 billion from a 10-year Islamic bond sale.

The fund is central to Saudi Arabia's Vision 2030 program to diversify the economy away from oil.

Business

Saudi Finance Ministry, NDMC Appoint HSBC Primary Dealer for Local Debt Instruments

The agreement is part of the Financial Sector Development Program (FSDP) strategy
The agreement is part of the Financial Sector Development Program (FSDP) strategy
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Saudi Finance Ministry, NDMC Appoint HSBC Primary Dealer for Local Debt Instruments

The agreement is part of the Financial Sector Development Program (FSDP) strategy
The agreement is part of the Financial Sector Development Program (FSDP) strategy

The Saudi Ministry of Finance and the National Debt Management Center (NDMC) have signed an agreement with HSBC to appoint it as a primary dealer in the government's local debt instruments.

The institution will join the six other international institutions, namely, BNP Paribas, Citigroup, Goldman Sachs, J.P. Morgan, Societe Generale, and Standard Chartered Bank, as well as the 10 local institutions, namely, the Saudi National Bank (SNB), the Saudi Awwal Bank (SAB), Bank AlJazira, Alinma Bank, Al Rajhi Bank, Albilad Capital, Aljazira Capital, Al Rajhi Capital, Derayah Financial Company, and Saudi Fransi Capital.

The agreement is part of the Financial Sector Development Program (FSDP) strategy as a step toward achieving the objectives of Saudi Vision 2030 by strengthening financial sector institutions and advancing the financial market.

It also confirms the role of the NDMC in enhancing access to local debt markets through diversifying the investor base to ensure sustainable access to the secondary market and to support its development; these efforts have resulted in recent dual inclusion in both the J.P. Morgan Government Bond Index Emerging Markets (GBI-EM) and the Bloomberg Emerging Markets Local Currency Government Index, which will contribute to increasing the presence of Saudi debt instruments within global investment portfolios, enhancing liquidity in the secondary market, and raising the international competitiveness of the local debt market.

The applications for subscription in the primary market for the government's local debt instruments are submitted to the NDMC through the appointed primary dealers on a scheduled monthly basis, and these dealers receive the applications submitted by investors.

Business

Riyadh Airports Company Wins Four Global Awards at 2026 Stevie Awards

Riyadh Airports Company Wins Four Global Awards at 2026 Stevie Awards
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Riyadh Airports Company Wins Four Global Awards at 2026 Stevie Awards

Riyadh Airports Company Wins Four Global Awards at 2026 Stevie Awards

Riyadh Airports Company, which manages and operates King Khalid International Airport in Riyadh, achieved a new global accomplishment by winning four awards at the 2026 Stevie Awards, considered among the most prominent international awards honoring innovation and excellence across various business fields.

The awards annually attract thousands of entries from leading institutions and companies worldwide and are subject to precise evaluation standards by specialized international judging committees, reinforcing their position as one of the leading global awards in institutional excellence, SPA reported.

The company received awards across multiple categories, winning the gold award for Innovation in the Use of Social Media, in addition to two silver awards for Most Innovative Social Media Campaign and Most Innovative Use of Influencer Collaboration, alongside a bronze award for Innovation in Social Media Marketing.

This recognition reflects the level of progress achieved by Riyadh Airports Company in adopting the latest and best practices and developing distinguished initiatives based on innovation and integration in implementing communication and marketing campaigns, enhancing its institutional presence and reinforcing its position at both regional and international levels.