Banking & Finance

Saudi Arabia’s banking sector grants $73.48 billion in facilities to SMMEs in 6 years

Medium-sized enterprises took the largest share at 57.5 percent or SAR158.411 billion in March 2024

Saudi Arabia’s holdings in U.S. treasuries surge to $135.9 billion

This represents a 3.66 percent rise compared to the previous month

Saudi Arabia’s liquidity rises 8.3 percent to $753 billion in March

Surge in demand deposits fuels Saudi Arabia's money supply growth

Saudi Aramco reports Q1 2024 net income of $27.2 billion

Cash flow from operating activities stands at $33.59 billion

Saudi Arabia’s Vision 2030 will need around $1 trillion in investments over several years: Report

Non-oil economy will continue to grow with increased government investments in Vision 2030 projects

The World Bank: MENA can be an engine for change, partner for sustainable future

Region must tackle important structural reform agenda to ensure peace and stability

Visa’s CEMEA President Andrew Torre on getting ready for the next wave of digital disruption

Businesses need to be agile, adapt their strategies and invest in digital infrastructure

Dealmaking potential soars in the Middle East in 2024: Report

Robust M&A activity in the region with economic diversification driving growth

EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion

In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company

Fintech accelerator programs: Paving the way for innovation and growth

Accelerating innovation, unveiling market trends and crafting business success

LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups

The initiative seeks to advance tech sectors in the Middle East and Africa

LEAP 2024: Saudi Arabia bolsters tech hub leadership with $888 million in deals

Investment funds and funding rounds to support innovation and tech entrepreneurship

World’s largest banks by market cap

JPMorgan Chase tops the list based on market capitalization

Saudi Arabia’s ACWA Power net profit soars 8 percent to $443 million in 2023

The company’s board approved a dividend payment of SAR 329.0 million for 2023, payable in 2024

What is SWIFT banking?

Learn how it works and what SWIFT codes are for

CEO Damian Hitchen on Saxo Bank’s new strategy aimed boosting competitiveness

Investment banking company introduces schemes to enhance customer experience, increase market share

EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia

Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014

Saudi company bolsters AI presence with $5 million investment in OpenAI

Through a private stock sale round of OpenAI employee shares tender offer

Fintech Trends in 2024: Region’s ‘Open Banking’ market to surge

DeFi and sustainable finance gain prominence in the Middle East