Latest news with #KhalidbinBandarbinSultan
Arab News
12-04-2025
- Science
- Arab News
Saudi envoy to UK honored for maritime work
RIYADH: The Arab Academy for Science, Technology and Maritime Transport awarded an honorary doctorate to Saudi Ambassador to the UK Prince Khalid bin Bandar bin Sultan. The event took place at the International Maritime Organization's headquarters in London, the Saudi Press Agency reported on Saturday. The honor recognizes Prince Khalid's significant contributions to advancing Saudi Arabia's maritime initiatives and supporting the aspirations of Arab nations. It also acknowledges his role in promoting maritime sustainability, contributing to the IMO's goals, and leading the 33rd session of the IMO Assembly — an important milestone in Arab and international maritime progress. Prince Khalid thanked the academy for the honor, expressing hope that it will encourage greater cooperation to empower Arab countries in the maritime sector and enhance their global presence. He emphasized that growth in this vital sector depends on continued collaboration and knowledge exchange, supporting sustainable development and regional maritime integration. The academy fosters leadership in the maritime field and supports human capacity development through academic programs and regional partnerships, the SPA reported.
Saudi Gazette
27-03-2025
- Politics
- Saudi Gazette
King appoints Prince Khalid bin Bandar advisor at MOFA and Saleh Al-Harbi chief of Military Apparatus
Saudi Gazette report RIYADH — Custodian of the Two Holy Mosques King Salman has appointed Prince Khalid bin Bandar bin Sultan as advisor at the Ministry of Foreign Affairs with the excellent rank. Prince Khalid bin Bandar is currently serving as Saudi ambassador to the United Kingdom. In a second royal decree issued on Thursday, the King promoted Maj. Gen. Saleh Al-Harbi to the rank of lieutenant general and appointed him as the chief of the Military Apparatus. The King has directed Minister of the National Guard to carry out this order, the Saudi Press Agency reported.
Asharq Al-Awsat
22-02-2025
- Business
- Asharq Al-Awsat
Saudi Housing Minister Attends Listing of SRC's First Int'l Sukuk Program on London Stock Exchange
In a strategic move that reinforces Saudi Arabia's position in global financial markets, Minister of Municipalities and Housing and Chairman of the Saudi Real Estate Refinance Company (SRC) Majed Al-Hogail visited London to oversee the listing of SRC's first international sukuk Program, valued at $5 billion, on the London Stock Exchange. The listing marks a pivotal step in strengthening the Kingdom's mortgage finance market by enhancing liquidity, attracting foreign investments, and supporting the objectives of Saudi Vision 2030. It also aligns with the goals of the Financial Sector Development Program and the Public Investment Fund (PIF) initiatives by advancing the housing sector and enabling citizens to access sustainable home financing. The listing ceremony was attended by Saudi Ambassador to the United Kingdom Prince Khalid bin Bandar bin Sultan, Lord Mayor of the City of London Alastair King and senior officials from the financial and investment sectors, reported the Saudi Press Agency on Saturday. Al-Hogail emphasized that this listing reflects the strength of the Saudi economy and the attractiveness of the Kingdom's real estate market to international investors. The international sukuk issuance facilitates Saudi Arabia's integration into global financial markets, bolsters foreign direct investment, and diversifies funding sources for the housing sector. SRC plays a critical role in ensuring the sustainability of mortgage finance by developing innovative financing solutions that support mortgage lenders and expand financing options for citizens at competitive rates, he added. The sukuk issuance aims to stimulate foreign investment in the housing market, as Saudi Arabia seeks to increase homeownership rates to 70% by 2030 through sustainable financing solutions and the development of a secondary mortgage market, he went on to say. SRC CEO Majid Al-Abd Al-Jabbar stressed that the successful listing of the Sukuk Program reflects global market confidence in Saudi Arabia's economy and the sustainability of its mortgage finance sector. This milestone will pave the way for new strategic partnerships with leading global financial institutions, enhancing SRC's ability to provide advanced and sustainable financing solutions, he stated. This move further strengthens Saudi Arabia's real estate market as a global investment hub, benefiting from a robust economic environment, flexible regulations, and the Kingdom's strategy to attract international investments ultimately contributing to the sustainable development of the housing sector. The Saudi Real Estate Refinance Company was established by the Public Investment Fund in 2017 with the aim of developing the Kingdom's real estate finance market. Licensed by the Saudi Central Bank to operate in the field of real estate refinancing, SRC plays a pivotal role in achieving the objectives of the Housing Program under Saudi Vision 2030, which seeks to increase homeownership rates among Saudi citizens. This is accomplished by providing liquidity to financiers, enabling them to offer affordable housing finance to individuals, and working closely with partners to support the Kingdom's housing ecosystem.
Saudi Gazette
14-02-2025
- Sport
- Saudi Gazette
Saudi Arabia confirms alcohol ban for 2034 FIFA World Cup
RIYADH — Saudi Arabia has confirmed that alcohol will not be sold at the 2034 FIFA World Cup, which the Kingdom will host across five to British digital radio station LBC News on Thursday, Saudi Arabia's ambassador to the UK, Prince Khalid bin Bandar bin Sultan, emphasized the country's stance on alcohol."Rather like our weather, it's a dry country. At the moment, we don't allow alcohol, but plenty of fun can be had without it. It's not 100% necessary," he further added, "If you want to drink after you leave, you're welcome to, but at the moment, we don't have alcohol."Prince Khalid stressed that Saudi Arabia welcomes visitors but will not alter its cultural norms. "We are happy to accommodate people within our boundaries, but we are not willing to change our culture for others," he December, FIFA officially confirmed Saudi Arabia as the host of the 2034 men's FIFA World Cup, making it the second Middle Eastern nation to host the prestigious tournament after Qatar in tournament will take place across 15 stadiums in Riyadh, Jeddah, Khobar, Abha, and NEOM. Additionally, the 2034 World Cup will be historic as it will feature 48 teams for the first time, expanding the competition's format. — Agencies
