Saudi Arabia and Iran have agreed to resume diplomatic ties and reopen embassies, they said in a joint statement carried by the Saudi state news agency SPA.
The agreement was reached after talks in Beijing between top security officials from the two countries.
Tehran and Riyadh agreed "to resume diplomatic relations between them and re-open their embassies and missions within a period not exceeding two months", according to a statement issued by Iran, Saudi Arabia and China.
"The agreement includes their affirmation of the respect for the sovereignty of states and the non-interference in internal affairs."
They also agreed to activate a security cooperation agreement signed in 2001, as well as another earlier accord on trade, economy and investment.
Both countries thanked China, as well as Iraq and Oman for hosting earlier talks in 2021 and 2022.
The agreement was signed by Iran's top security official, Ali Shamkhani, and Saudi Arabia's national security adviser Musaed bin Mohammed Al-Aiban.
More than 400 US law enforcement personnel have been deployed as police sought the suspect in a shooting at Brown University in Rhode Island that left two students dead and another nine people wounded at the Ivy League school.
Turkish President Tayyip Erdogan, fresh from a meeting with Russia's Vladimir Putin, said he hopes to discuss a Ukraine-Russia peace plan with US President Donald Trump, adding that "peace is not far away".
Belarusian President Alexander Lukashenko freed 123 prisoners on Saturday including Nobel Peace Prize winner Ales Bialiatski and leading opposition figure Maria Kalesnikava after two days of talks with an envoy for President Donald Trump, a US statement said.
The death toll from floods and landslides that struck three provinces on Indonesia's Sumatra Island has exceeded 1,003, with 218 people still missing, according to the latest data released Saturday by the National Disaster Management Agency (BNPB).
Ukraine's southern port city of Odesa and the surrounding region suffered major blackouts on Saturday after a large overnight Russian attack on the power grid across the country.
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