Banking & Finance
Robust M&A activity in the region with economic diversification driving growth
In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company
The operating income grew by 9.5 percent
Accelerating innovation, unveiling market trends and crafting business success
The initiative seeks to advance tech sectors in the Middle East and Africa
Investment funds and funding rounds to support innovation and tech entrepreneurship
JPMorgan Chase tops the list based on market capitalization
The company’s board approved a dividend payment of SAR 329.0 million for 2023, payable in 2024
The net foreign assets increased to 419.17 billion
Investment banking company introduces schemes to enhance customer experience, increase market share
Non-oil revenues in 2023 surged by 11 percent YoY
Coming from 10 percent in 2023
Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014
Through a private stock sale round of OpenAI employee shares tender offer
DeFi and sustainable finance gain prominence in the Middle East
Financing facilities achieve annual growth of 10.2 percent
Analysis of 5 mn X posts shows improved sentiment towards seven retail banks in Kingdom
Securing 52 percent of all regional startup funding during 2023
Fostering economic growth and collaboration between the sultanate and Saudi Arabia
Fueling economic diversification and job creation
Directive related to Regional Headquarters Program
