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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
Total operating income reached $8.53 billion, up 16 percent, fueled by a 17 percent increase in the financing portfolio
Demand deposits were the largest contributor to liquidity at 49 percent, recording SAR1.425 trillion
20 percent of investors participated in IPOs over the past year and 15 percent engaged in IPO roadshows
Even with the projected increase in debt, the Kingdom's government debt will likely remain lower than Aa2-A1 peers
Saudi Arabia’s entrepreneurial drive is at an eight-year high
Oil revenues gained 30 percent in Q3 of 2024 year-on-year to SAR190.866 billion while non-oil revenues rose 6 percent
The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy
The funds will create jobs, boost the economy, and enhance Serbia’s global standingÂ
Saqr Fund II aims for a total size of $90 million and will focus on early-stage startups, ranging from pre-seed to pre-Series BÂ
This transaction marks AviLease's first partnership with BBAM, adding its first Boeing 787-9 on operating lease
This aid reflects the Kingdom's commitment to ongoing humanitarian efforts for individuals and nations in need
This initiative is part of SAMA's supervisory responsibilities aimed at ensuring the stability and growth of the financial sector
Assets under management rose 13.5 percent year-on-year to over $250 billion during the first half of 2024
Elkuwaiz noted that the CMA is expanding financing options by streamlining fund management for efficient public offeringsÂ
Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom
Innovating payment and tourism ecosystems key to leveraging consumers’ increasingly digital lifestyle
The ministry has launched initiatives in the industrial and mining sectors for entrepreneurs and SMEs to leverage
This initiative aims to boost socio-economic growth and improve residents' quality of lifeÂ
Since the beginning of the year, Saudi Arabia's liquidity has grown 5.5 percent, rising by over SAR148.83 billion
Partnership will contribute to the digital transformation of financial services in Saudi Arabia, in line with Vision 2030
This MoU will expire upon signing the SPA, expected by September 30
In 2023 alone, investments in fintech in Saudi Arabia exceeded $790 million, an 8-fold increase from 2021's $91 million
The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment
