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SECโ€™s capital expenditures surge 44 percent to all-time high of $16 billion in 2024 as revenues grow 18 percent

SECโ€™s capital expenditures surge 44 percent to all-time high of $16 billion in 2024 as revenues grow 18 percent

SEC posted a net profit of SAR6.9 billion for 2024, down from SAR10.2 billion in 2023 due to a one-time expense of SAR5.7 billion

Saudi Arabiaโ€™s Al Rajhi Bank posts 19 percent rise in net profit to $5.25 billion in 2024

Saudi Arabiaโ€™s Al Rajhi Bank posts 19 percent rise in net profit to $5.25 billion in 2024

Total operating income reached $8.53 billion, up 16 percent, fueled by a 17 percent increase in the financing portfolio

Saudia tops GACA carrier classifications with 99 percent complaint resolution rate in December

Saudia tops GACA carrier classifications with 99 percent complaint resolution rate in December

Prince Sultan bin Abdulaziz Airport in Tabuk had the fewest complaints and a resolution rate of 100 percent

Aramco inks 145 deals worth $9 billion at iktva Forum & Exhibition 2025

Aramco inks 145 deals worth $9 billion at iktva Forum & Exhibition 2025

Aramcoโ€™s iktva score has risen from 35 percent in 2015, when iktva began, to 67 percent in 2024

Saudi Arabia, Japan expand bilateral cooperation, ink 13 deals in key sectors

Saudi Arabia, Japan expand bilateral cooperation, ink 13 deals in key sectors

The agreements between Saudi Arabia and Japan cove healthcare, infrastructure and logistics sectors

Saudi Arabiaโ€™s re-exports grow 23 percent to $16.23 billion in 2024

Saudi Arabiaโ€™s re-exports grow 23 percent to $16.23 billion in 2024

Ma'aden's exports reached SAR7 billion, transforming Saudi Arabia into the fourth-largest exporter of phosphate globally

Saudi Arabiaโ€™s liquidity grows 9.2 percent to $781.35 billion in October 2024

Saudi Arabiaโ€™s liquidity grows 9.2 percent to $781.35 billion in October 2024

Demand deposits were the largest contributor to liquidity at 49 percent, recording SAR1.425 trillion

Cruise Saudi launches inaugural AROYA ship at Jeddah Islamic Port

Cruise Saudi launches inaugural AROYA ship at Jeddah Islamic Port

AROYAโ€™s maiden voyage will depart Jeddah on December 16, taking passengers on a three-night journey across the Red Sea

Investor optimism soars as Saudi Arabia gears up for IPO market boom: Survey

Investor optimism soars as Saudi Arabia gears up for IPO market boom: Survey

20 percent of investors participated in IPOs over the past year and 15 percent engaged in IPO roadshows

Saudi Arabia records strongest non-oil activity growth in 16 months: PMI

Saudi Arabia records strongest non-oil activity growth in 16 months: PMI

Saudi Arabia's PMI rose from 56.9 in October to 59 in November, marking the fourth consecutive month of expansion

Moodyโ€™s upgrades Saudi Arabiaโ€™s credit rating to โ€˜Aa3โ€™ with stable outlook

Moodyโ€™s upgrades Saudi Arabiaโ€™s credit rating to โ€˜Aa3โ€™ with stable outlook

Even with the projected increase in debt, the Kingdom's government debt will likely remain lower than Aa2-A1 peers