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Financials and Investment News in Saudi Arabia

Aramco Inks Mou for Non-Metallic Materials Production Facility
7/2/2019 - Saudi Aramco signed a memorandum of understanding with Baker Hughes, a GE company (BHGE), to create a new joint venture facility in Saudi Arabia to manufacture non-metallic materials for use in a var...
Arab-British Economic Summit Opened In London
7/3/2019 - The Arab-British Economic Summit opened here today in the presence of Prince Khalid bin Bandar bin Sultan, Saudi Ambassador to the United Kingdom, Secretary General of the Arab League Ahmed Aboul Ghei...
KSA Attracts Investments within Kingdom's Vision 2030
7/10/2019 - Prince Turki Al-Faisal affirmed the that the Kingdom of Saudi Arabia's economy is strong, solid and attractive to investments, according to local and international data figures, as it will host next y...
Saudi Fund for Development Signs 3 Agreements within KSA's Grant To Egypt
7/10/2019 - The Saudi Fund for Development (SFD) has signed three agreements within the framework of the Kingdom Saudi Arabia's grant to the Arab Republic of Egypt with a total amount of 125 million Egyptian poun...
IDB Approves $ 340 Million Projects for Member States
7/14/2019 - The Board of Executive Directors of the Islamic Development Bank (IDB) Group has approved the financing of several new projects worth $ 340 million in Burkina Faso, Kazakhstan and Mozambique, a techni...
IMF Releases $5.4bn Loan Tranche to Argentina
7/14/2019 - The International Monetary Fund completed a review of Argentina's economic performance, allowing the release of $5.4 billion to the country in a loan program intended to help stabilize its economy.
Saudi Non-Oil Activity to Rise to 3.2% in 2021
7/28/2019 -  Saudi Arabia’s economy is into its second year of recovery after contracting in 2017. Driven by record government spending that aims to develop and stimulate the private sector, create jobs, cushion ...
Saudi Arabia Deposits $250 Million into Central Bank of Sudan
7/30/2019 - Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position, the Saudi Finance Ministry said in a statement.

The financial grant is part of a pack...
Saudi Stocks Pressured By Banks, Industries Qatar Lifts Doha
8/18/2019 - Saudi shares ended lower, hit by weakness in banking stocks, while the Qatari index snapped a three-day losing streak as Industries Qatar's rebounded after steep declines on its first-half results.
Saudi Trade Finance Summit To Address Latest Innovation and Trends in Financial Sector
8/20/2019 - The Middle East region is undergoing constant economic developments and social reformations with impactful transformation in Saudi Arabia.

In lines with the overall growth in the Kingdom and...
Saudi Ambassador to Vietnam Meets Vietnamese Minister of Industry and Trade
8/26/2019 - Saudi Ambassador to Socialist Republic of Vietnam met here today Vietnamese Minister of Industry and Trade Tran Tuan Anh. During the meeting, they discussed mutual and economic ties including Saudi-V...
Saudi Arabia Logs Highest M&A Value at $72.6 Billion
9/9/2019 - Saudi Arabia saw a jump in M&A volume and value (14 deals worth $72.6bn) during the first half of 2019, due to the blockbuster $70bn SABIC deal announced in 1Q19, the region’s highest value deal on re...
IMF Hails Saudi Arabia's Progress on Reforms
9/10/2019 - The International Monetary Fund has praised Saudi Arabia's progress in implementing economic and social reforms and its continuing implementation of these plans.

These reforms include loweri...
SABIC Announces Merging of SADAF into PETROKEMYA
10/2/2019 - Saudi Basic Industries Corporation (SABIC) announced that it has obtained the relevant regulatory approvals to merge its wholly-owned affiliate Saudi Petrochemical Company (SADAF) with all the assets...
Saudi CSC and Slovenian CCIS Sign a Cooperation Agreement to Enhance Trade Relations
10/2/2019 - The Council of Saudi Chambers (CSC) and the Chamber of Commerce and Industry of Slovenia (CCIS) have signed a cooperation agreement to enhance trade and economic cooperation between the Kingdom of Sau...
Agreement to Export Saudi Dates to South Korea Signed
10/8/2019 - A Saudi dates company signed an agreement with a Korean company to export dates to South Korea for a period of up to five years. The signing ceremony was held at the headquarters of the Council of Sa...
S. Arabia, Palestine Agree on Joint Economic Committee, Business Council
10/17/2019 - Saudi Crown Prince Mohammad bin Salman bin Abdulaziz agreed with Palestinian President Mahmoud Abbas on forming a joint economic commission and a Saudi-Palestinian business council.

The offi...
Saudi Aramco Shares to Start Trading in December
10/29/2019 - A long-delayed initial public offering of the state-run oil giant Saudi Aramco will see its shares traded on Riyadh's stock exchange in December, a Saudi-owned satellite news channel reported as the k...
Saudi Aramco to Sell Small Stake on Riyadh Exchange
11/17/2019 - Saudi Arabia's state oil giant Saudi Aramco is going to sell a 1.5% stake in its company on Riyadh's stock exchange.

That's according to documents released on Sunday by the company.

...
Aramco Declares $1.71 Trillion Valuation in Blockbuster IPO
11/17/2019 - Saudi Arabia put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed an initial target announced previously of $2 trillion.

Aramco said...

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