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Financials and Investment News in Saudi Arabia

Flynas Posts Operational Growth in 2023 Q1 With 26% Increase in Passengers Number And 13% in Flights
5/21/2023 - flynas, the Saudi air carrier and the leading low-cost airline in the Middle East, reported a remarkable growth in its operational performance during the first quarter of 2023 compared to the same per...
Stc Raised Network Capacity By 350% During Arab Summit
5/21/2023 - stc group, the engine of digital transformation in the region, continues to play its leading national role in supporting digital empowerment of the major national events in the Kingdom of Saudi Arabia...
Saudi King, Crown Prince Inaugurate Ramadan Campaign With Massive Donation
3/26/2023 - Jood Eskan, Saudi Arabia's crowdfunding platform for home ownership, has launched a charitable campaign to raise SR 1 billion in donations during the Holy month of Ramadan.

The campaign aim...
Innovation and Entrepreneurship in Driving Growth Within The Saudi Arabian Economy and Markets
3/13/2023 - Omer Saleem, CEO of PROVEN highlights key developments that are helping to nurture entrepreneurs in Saudi Arabia’s burgeoning startup space.

In today's quick-changing and globally interconn...
VC And Co-Creation Studio ‘Beta Lab’ Launches in Riyadh Focused on Regional Deep Tech Startups
3/13/2023 -  Beta Lab, a VC and co-creation studio for startups dedicated to fostering the growth of deep technology startups, is pleased to announce its official launch in Saudi Arabia with number of partners in...
Modon Attracts New Investments Up to One Billion Riyals to Achieve Food Security in Saudi Arabia
2/25/2023 - Saudi Authority for Industrial Cities and Technology Zones (Modon) signed agreements and memorandums of understanding to localize food and beverage industry in Saudi Arabia with investments up to SR1 ...
Community Experience at Its Jeddah Waterfront
2/19/2023 - ROSHN Group, one of the Public Investment Fund's giga projects, has offered AL-AROUS Community Experience at ROSHN's Jeddah Waterfront from February 16 to February 24 in Al Nawras Square.

T...
Impact Finance Transfers 31.29% Stake in Jahez to Unit Holders
1/22/2023 - Impact Finance Private Equity Fund has transferred 3.28 million of its shares in Jahez International Co. for Information Systems Technology (Jahez) to the fund’s unit holders.

Jahez stated ...
Hajj Expo 2023 Attracts Record Number of Attendees Including International Participants
1/22/2023 - The second edition of the "Hajj Expo 2023" Hajj and Umrah Services Conference and Exhibition drew a record 60,000 visitors from around the world.

The expo, which was organized under the the...
Landmark Arabia Recognized By Riyadh Chamber of Commerce for Their People's Efforts
1/22/2023 - Landmark Arabia, the pioneering omnichannel retailer and hospitality lead in Saudi Arabia, was recognized for their people's efforts by the Riyadh Chamber of Commerce as a consequence of implementing ...
Tamimi Markets appoints a new CEO
1/22/2023 - Tamimi Markets” announced the appointment of Bobby Rajendran as CEO effective January 1, 2023.

Rajendran has been with the company since 2014, and as its GM since 2019.Tamimi Markets is Sau...
S&P Assigns A- Rating to Saudi Re With a Stable Outlook
12/18/2022 - Saudi Reinsurance Company (Saudi Re) announced obtaining 'A-' long-term issuer credit and insurer financial strength rating and 'gcAAA' regional scale rating from S&P Global Ratings, with a stable out...
U20 Summit Calls on G20 Members to Expand in Green Investments, Cities to Recover from COVID-19
10/4/2020 - The Urban 20 (U20) Mayors Summit called on G20 member states to ensure that world governments invest directly in cities as the engines of recovery, given that more than 68 percent of the world’s popul...
Saudi Telecom Negotiates Reducing Possible Vodafone Stake to Below 55%
9/9/2020 - The Saudi Telecom Company is negotiating with Vodafone International to reduce the value of the offer it submitted to buy a stake in Vodafone to less than 55 percent, Bloomberg reported.

Bl...
Major Gulf Markets Decline as Financial Shares Weigh
8/31/2020 - Major stock markets in the Middle East ended lower , pulled down by financial shares, with the Qatari index leading the losses as most of its shares were in red.

Saudi Arabia's benchmark in...
Saudi Gains in Early Trade; Other Markets Mixed
8/31/2020 - Saudi Arabia’s stock market rose in early trade , boosted by energy and financial companies, while shares in the United Arab Emirates moved sideways.

The kingdom’s benchmark index was up 0....
First Saudi Arabia G20 Finance and Central Banks’ Deputies Meeting, Held in Riyadh
12/7/2019 - The first G20 Finance and Central Bank Deputies (FCBD) meeting of the 2020, under the Saudi G20 Presidency, was held in Riyadh, Saudi Arabia, 6-7 December, 2019.

The Saudi Minister of Finance...
Saudi Rises on Strong Private Sector Data, Egypt Extends Losses
12/3/2019 - Saudi Arabia's stock market rose on the back of rising oil prices and robust non-oil private sector data, while Egypt fell as the same sector there dropped to a more than two-year low in the last mont...
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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