Saudi sovereign fund to double assets in next five years to $1.07trln: Crown Prince
Strategy aims to create 1.8 million jobs by 2025
Reuters News - 24-Jan-2021Strategy aims to create 1.8 million jobs by 2025
Reuters News - 24-Jan-2021While it is not obliged to maintain such a high payout, economists expect the firm to continue to offer the same support to state coffers next year
Reuters News - 16-Dec-2020Saudi Arabia expects the economy to shrink by 3.7% this year but to swing back to a 3.2% growth next year
Reuters News - 15-Dec-2020Robust mortgage lending, easier cost of funds and lower than expected provisioning helped
ZAWYA - 23-Nov-2020While continued growth from mortgages aided volume growth, gross profits and operating income increased by 23.8% y-o-y
TradeArabia - 01-Nov-2020Deficit seen at 5.1% of GDP in 2021 after 12% in 2020
Reuters News - 30-Sep-2020The top three companies that contributed the most to TASI’s rally were SABIC, Saudi Aramco and Saudi Telecom Company, Al Rajhi Capital said in a report
Mubasher - 05-Jul-2020The cement sector witnessed a 11% growth in material demand for the first five months of 2020
TradeArabia - 24-Jun-2020Saudi Arabia's cement sector witnessed a 11% growth in material demand for the first five months of 2020
TradeArabia - 24-Jun-2020During April and May, the mortgage lending data of $2bln has been encouraging
TradeArabia - 17-Jun-2020Regional players should look ahead for future opportunities
ZAWYA - 08-Jun-2020NIM pressure, higher cost of risk, and lower fee-based income adds pressure
ZAWYA - 26-Apr-2020The total market volume in Q1 grew 33% on an average when compared to last year.
TradeArabia - 16-Apr-2020Focus shift to strategies that consider a recovery in business and economic activity
ZAWYA - 15-Apr-2020Riyadh increased its debt ceiling to 50% of GDP from a previous 30% in March.
Reuters News - 13-Apr-2020Non-oil revenue could also decline leading to widening deficit
ZAWYA - 13-Apr-2020Income to rebound in 2021
Thomson Reuters Projects News - 09-Apr-2020Dividend prioritization renders valuation mostly unaffected by volatile oil prices
ZAWYA - 08-Apr-2020The short-term outlook for the Saudi petrochemicals sector is very challenging
ZAWYA - 08-Apr-2020No material recovery seen in petrochemical prices until 2022
ZAWYA - 05-Apr-2020Banking stocks have declined 35% since January
ZAWYA - 31-Mar-2020Aramco is in solid position to contribute distributing good dividends, Mazen Al Sudairi, Head of Research, Al Rajhi Capital.
Reuters News - 15-Mar-2020New CEO joins from Saudi's Al Rajhi Capital
ZAWYA - 12-Feb-2020Gaurav brings over 20 years of experience in wealth and asset management and investment banking, having worked in top-tier banking and finance institutions across Europe and the Middle East.
Press Release - 10-Feb-2020New CEO joins from Saudi's Al Rajhi Capital
ZAWYA - 10-Feb-2020Sadafco to improve market share
Mubasher - 05-Feb-2020The non-binding deal values Vodafone Egypt at $4.35bln
ZAWYA - 03-Feb-2020The target price, implying 8.9% upside, potentially gives Aramco a valuation of $2trln.
ZAWYA - 26-Jan-2020First Abu Dhabi Bank lifts Abu Dhabi
Reuters News - 20-Jan-2020Saudi Arabia's index was up 0.2% with Al Rajhi Bank gaining 0.3% and the biggest bank, National Commercial, adding 0.4%
Reuters News - 20-Jan-2020Almarai drops on profit fall
Reuters News - 19-Jan-2020State-owned oil giant Saudi Aramco edged down 0.1%
Reuters News - 19-Jan-2020Net profit of petrochemical sector set to drop while cement, healthcare will shine
ZAWYA - 14-Jan-2020Due to improving volume growth and better realized prices the margins of the cement companies have improved recently: report
TradeArabia - 26-Dec-2019About 1.22mln homes are likely to be constructed from 2020 to 2030
Mubasher - 25-Dec-2019Banks with highest retail market share set to benefit most
ZAWYA - 19-Dec-2019Petchem prices likely to remain under pressure in the near term on weak demand amid global trade concerns
TradeArabia - 03-Dec-2019Growth in POS is attributed to restaurants and hotels segment
Mubasher - 03-Dec-2019Saudi Minister Mohammed al-Jadaan said that the revenues would go down to $222.13bln in 2020 from $244.53bln projected for 2019
Reuters News - 31-Oct-2019A squeeze on net interest margins, slow pick up in loan growth and poor asset quality metrics are key negatives for the Saudi banking sector
ZAWYA - 08-Oct-2019The sector is the second largest in terms of market capitalisation on the Dubai and Abu Dhabi stock markets and is the third largest on the Saudi market
ZAWYA - 27-Aug-2019Firm's shares rose 4.38% to SAR20.04 by 13:33 GST on Thursday as the stock was the best performer on the Saudi exchange
ZAWYA - 25-Jul-2019STC's shares were trading 0.36% higher at SAR110 by 14:02 GST on Tuesday and have added 19.83% so far since the start of 2019
ZAWYA - 23-Jul-2019Forbes Middle East releases its 7th annual ranking of the region's most impactful Indian leaders.
Press Release - 07-Jul-2019The new debt will replace the existing debt, with more favorable terms
ZAWYA - 25-Jun-2019Net interest margins for Saudi banks could come under "slight pressure" in the medium term
ZAWYA - 16-Jun-2019Goldman, which was not even among the top ten brokers in Saudi Arabia in April, handled 18.6% of trades by value and 12.3% by volume in May
Reuters News - 10-Jun-2019The Saudi cement sector’s first quarter earnings were backed by improved prices, analyst says
ZAWYA - 21-May-2019Bupa's shares were trading 4.75% higher on Sunday, outperforming all shares on Tadawul
ZAWYA - 12-May-2019Saudi Arabia, Egypt and Dubai markets tipped by emerging markets specialist for improved performance
ZAWYA - 05-May-2019