Saudi Prince Turns Sights on Local Firms in Transformation Drive

Twenty-four firms to invest 5 trillion riyals in economy
Saudi Arabia’s benchmark Tadawul index rose 2.8% Wednesday

The Stock Exchange Market (Tadawul) bourse in Riyadh.Photographer: Fyez Nureldine/AFP/Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Matthew Martin and Filipe Pacheco

April 1, 2021 at 5:10 AM UTC

This article is for subscribers only.

Sign up for our coming Middle East newsletter and follow us @middleeast for news on the region.

Saudi Arabia’s Crown Prince Mohammed bin Salman has a new target in his sights as he looks to press on with his unprecedented economic transformation plan: the country’s largest listed companies.