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By the end of Q2 2024, the number of Fintech companies in the Kingdom reached 224, exceeding the target of 168
800+ development projects have been funded by SFD since inception
This funding will support the development, design, construction, and operation of the projects
Partnership showcases the airline's dedication to fostering local innovation and contributing to the broader economic goals of Saudi Arabia
The sales surge is linked to the company’s launch of multiple housing projects across the Kingdom
 The park features 60,000 sqm of creative spaces, nine innovative office buildings
Aramco’s total production could rise from 12.9 million barrels per day in 2023 to 14.1 million barrels per day by financial year 2028
Saudi Arabia's total fixed capital formation grew 8 percent during Q1 of 2024
The agreements involve Chinese banks and focus on two-way capital flows through debt and equity
Oil revenues see significant 17.08 percent rise to $56.77 billion in Q2
Hotel spending also increased, rising by 0.2 percent compared to the previous week to reach SAR270.2 million
AI center will provide the banking sector with an advanced research, innovation and analytical environment
Time and savings deposits in Saudi Arabia's banking system grew 3 percent since the beginning of the year
Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region
Market sees surge in liquidity with a traded value of SAR2.5 billion in 2023
Offering includes a GBP300 million tranche with a 5-year coupon and a GBP350 million tranche with a 15-year coupon
The report shows remarkable growth in operating income (+3.8 percent) mainly on the back of higher fee income
Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape
Medium-sized enterprises took the largest share at 57.5 percent or SAR158.411 billion in March 2024
This represents a 3.66 percent rise compared to the previous month
Surge in demand deposits fuels Saudi Arabia's money supply growth
Cash flow from operating activities stands at $33.59 billion
