Saudi Arabian Riyal


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Saudi Arabian Riyal

The currency of Saudi Arabia. It became the official currency of the Kingdom at its establishment in 1932; it is the successor currency to the Hejaz riyal. Between 1986 and 2003, the riyal was pegged to Special Drawing Rights, but in practice, this was effectively a peg to the U.S. dollar. The peg was officially changed to the dollar in 2003 and has been in effect since (with the exception of a brief period in 2007). It is issued by the Saudi Arabian Monetary Agency.
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For the month, occupancy was down 4.3% year over year to 43.9% with average daily rate down 10.1% to 624.69 Saudi Arabian riyals ($166.51) and revenue per available room down 14% to 274.35 riyals ($73.13).
The workers, including 100 Cypriots, are owed some $21.3 million (80m Saudi Arabian riyals).
The main gain, close to 900 billion Saudi Arabian Riyals, will come from indirect contributions mainly from wholesale, retail and manufacturing.
Binay said as donations for his blood money have reached 3 million Saudi Arabian riyals (SAR).
Now I am home and I won't go back there."Abdallah was one of at least 23,000 Ethiopians living illegally in Saudi Arabia, and part of a group of close to 400 flown home on Friday after being expelled.According to Ethiopian officials, three of their nationals were killed this month in clashes with Saudi police as the clampdown -- set in motion after a seven-month amnesty period expired -- got under way."I had 3,500 Saudi Arabian riyals (930 dollars, 690 euros).
AI claim al-Fakki was entrapped by a member of the Saudi religious police claiming that he would pay 6,000 Saudi Arabian riyals (US$1,600) for a spell which would make his father divorce his second wife and return to the agente provacateur's biological mother.
Etihad Etisalat (Mobily) reported a net profit of 1.21 billion Saudi Arabian riyals in the first quarter of 2012, a 21 per cent growth year-on-year, driven by improvement in margins and lower financing costs.
Aiming for absolute returns above 10%, the fund should deliver returns above average regional inflation rates, and will initially be offered in UAE Dirhams (AED) and US Dollars (USD), later expanding to include Saudi Arabian Riyals (SAR) and Qatari Riyals (QR).

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