Banking & Finance
We're putting more boots on the ground in the GCC
EFG Hermes has over 40 years experience in region. nearly 17 years in Saudi
Financing benefits from strong domestic deposit base
Company has a 95 percent market share in Saudi’s cargo handling sector
Investments will target mining, agriculture, and information technology
Amidst slight decline in net profit
They generated total revenues of $746.4 mn in 2022
Fund pays $3.3 billion for 100% of SABIC-owned steel
SME count in country reached 1.23 million in Q2Â
To further extend additional value to women entrepreneurs across the Kingdom
PIF announced the establishment of a sports investment company to support growth of the sector
Nearly $1 bn in local funding also sought
Bid to increase Credit Suisse stake denied ahead of latter's collapse
Public Investment Fund and state miner Maaden bid $2.5 billion for base metals stake
Spurred by foreign currency issuance, local currency debt market growth
Praise for Kingdom's reform plan and its ability to support banks
Net profit of top 10 banks increased by 2.7% QoQ
Rapid growth driven by mortgages and government deposits
Saudi's membership would provide the bank with additional funding options
Despite second budget surplus projection
Part of the group's continued efforts to reinforce Saudi's digital hub status
Dussur plans to establish specialized factories in Saudi
