Saudi Arabia

Growth of IPO market: Increasing contributions from reputed public and private sector entities 

Technology, healthcare, and real estate companies are keen to explore IPO opportunities  

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds

Saudi Arabia boosts FDI landscape with new investment law updates

Saudi Arabia's FDI inflows rose by 158 percent, from $7.46 billion in 2017 to $19.3 billion in 2023

Saudi Arabia’s Dammam port sets record with 20,645 containers handled on single ship

In May 2024, the port set a new container throughput record of 292,612 TEUs

Riyadh’s residential market sees 51.6 percent rise in sales deals in Q2 2024: Report

Riyadh witnessed increasing demand for quality spaces in the office sector as more international and local occupiers moved to the city

Saudi Arabia tackles e-waste with 100,000 devices recycled, minimizing environmental footprint

This is part of the Kingdom's strategy to build a sustainable digital future optimizing resource use

Egypt to launch Saudi investment office in Cairo this month

By November 2023, Saudi Arabia's investments in Egypt reached $6.3 billion across 7,444 projects

Major revisions to Saudi Arabia’s labor law aim to foster job stability, prioritize employee rights

The new revisions encompass 38 articles, removing seven articles, and adding two new articles to the law

Saudi PIF affiliate invests $1.5 billion in EV maker Lucid Group

The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan

Saudi Aramco profits hit $56.3 billion in H1 2024, dividends to reach $124.2 billion

Oil company's revenues reached $220.73 billion in H1, up 0.9 percent from $214.38 billion during the first half of 2023

8.6 million GCC tourists in Saudi Arabia spend over $4 billion in 2023

The total number of inbound tourists reached 27.4 million tourists in 2023, setting a new record high for Saudi Arabia

GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment

The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs

Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024

Data showed that the bank's net foreign assets in June were around SAR1.670 trillion

Saudi Arabia’s real GDP rises 1.4 percent in Q2 2024, driven by non-oil sector expansion

Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities

King Salman Stadium: Saudi Arabia’s 92,000-seat sports arena to be one of the world’s largest

Stadium to feature royal box with 150 seats, 120 hospitality suites, 300 VIP seats, and 2,200 seats for dignitaries

Five Saudi cities shine on IMD Smart City Index 2024: Report

Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life

Saudi Arabia’s flynas signs agreement for additional 90 Airbus aircraft

The low-cost carrier has ordered 75 A320neo family aircraft and 15 A330-900 planes

Saudi Arabia’s NEOM awarded $27.7 million cement supply deal with Al Jouf, Webuild

The contract duration is 41 months from the date of signing and is subject to increased quantities

stc Group net profit rises 7.73 percent to $1.76 billion in H1 2024, revenues up 4.79 percent

The group attributes this growth in revenues to the increase in stc KSA’s revenues by 0.6 percent