I was informed by my staff about the circulation of fake Saudi riyals
in the market," he said.
The Saudi riyal
is pegged to the dollar, so forward contracts are often used as a proxy for trading the region.
MANAMA: GIB Capital, acting as joint lead manager and joint book runner with Riyad Capital, has successfully closed Ajil Financial Services company's privately placed 500 million Saudi riyals
We are also pleased that GIB's subsidiary in KSA, GIB Financial Services, has played an important role in this bond issue, which will be a platform for the company to work towards the development of Saudi Riyal
debt capital market issues for other issuers in Saudi Arabia," he added.
For the year ended December 31, 2004, ARTC generated more than 111,750,000 Saudi Riyal
(approximately $29 million USD).
The customs authorities took the Saudi Riyal
into their possession and after arresting the accused registered currency smuggling case against him.
The facilities are divided into USD and Saudi Riyal
(SAR) tranches broken down as follows: $7 billion, of which $6 billion is a 5-year facility with two 1-year extension options (5+1+1) and USD 1 billion is an annually-renewable 364-day facility.
Its charter is to act as the central government bank, issue currency (paper and coin), support the value of the Saudi Riyal
at home and abroad, and supervise and encourage the development of the Kingdom's banking system in both the public and the commercial sectors.
Revenues and approved expenditures of Princess Norah bint Abdulrahman University are estimated at SR2,685,780,000 (Two billion six hundred eighty five million and seven hundred eighty thousand Saudi Riyal
MANAMA: Gulf International Bank (GIB) yesterday announced its debut Saudi riyal
bond issuance through its Riyadh branch.
He also disclosed that nearly %59 of the operating plants in the Kingdom are located in industrial cities supervised by Modon, drawing the attention that each Saudi Riyal
being invested in developing industrial cities returns nearly 50 folds and that each one billion Saudi Riyal
invested by Modon in infrastructure projects has pumped more than 8700 jobs for Saudi nationals.
Interestingly, many Nigerian and Senegalese pilgrims have been found to be carrying Saudi riyal
checks rather than currency.