Financial Services KSA Edition
Latest News
Saudi investor buys four Manchester buildings for almost $50mln
Cedar Tree Investments acquires four apartment buildings in a deal funded by Abu Dhabi Islamic Bank
Al Kathiri wins funding for new Saudi-Italian JV plant
Factory will manufacture polystyrene sheets reinforced with iron and concrete with the help of Italian technology in Sudair city
Moody's affirms ratings of SABB, withdraws Alawwal’s ratings
Moody's has also affirmed the baseline credit assessment (BCA) of SABB at a3 with a stable outlook
Saudi banking sector net profit up 11.3% in 2018: report
Overall 2018 was a positive year for listed banks in Saudi Arabia.
Saudi Monshaat support SMEs, entrepreneurs with $213mln
The initiative is aimed at providing low-cost loans to SMEs
Saudi insurers Walaa, Metlife AIG ANB consider merger
Metlife AIG ANB said it has appointed Saudi Kuwaiti Finance House as its financial adviser for the proposed merger
Saudi Arabia plans dollar sukuk by end-2019-debt official
"We are planning to issue a sukuk in dollars before the end of this year," Fahad al-Saif told reporters on the sidelines of a conference in London.
Nayifat Finance to launch IPO on Tadawul
The planned IPO will comprise 36.5 million ordinary new shares
Saudi Arabia’s US Treasury holdings hit $177bln in April
Saudi Arabia raised its holdings of the US Treasuries by 10.44% in April
Saudi Arabia records largest jump in CFA candidates
The Middle East had a strong representation in the global mix, with 6,004 investment professionals from eight GCC and Middle East countries
Insights
Hedge funds pause oil sales as Mideast tensions rise: Kemp
Hedge fund liquidation of petroleum futures and options positions stalled last week
Dollars in the detail; banks pan for gold in 'data lakes'
Banks set to spend $26bln on data and artificial intelligence in 2019
AI credit positive for sovereigns: Moody's
Artificial intelligence (AI) has the potential to raise economic, institutional and fiscal strength
