Banking & Finance
To a record-high of SAR 2.19 billion
The Public Investment Fund is betting on the future of the automotive and transportation
The banking industry showed a resurgence with an increase in profit of 40.15%
Revenue from expatriate fees amounted to 6.86 billion riyals
"The Kingdom's leadership has promoted Saudi women to many positions"
Increasing share of women in work in MENA could increase the GDP to $2 tn
The games and esports company will hold 8% of the shares
Growth attributed to several factors, including a buoyant energy market
Foreign investors rose to historical levels in Q1, with 9,383 new licenses
Total shareholders’ equity raises to SAR 3.2 billion
106 deals worth in excess of $558 million, highest in the region
Net income increased by 15.5 percent to 48.8 billion Saudi riyals
Higher interest rates in 2022-2023 would further support it
The fund's total assets at end-2020 were 47.1% of national GDP
Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion
“The company will maintain flexibility and continue to generate strong profits”
Law ensures equal treatment for both Saudi, foreign investments
The new program to support SMEs through providing trade finance facilities
GAC approves 88 percent of applications in Q1
For every increase of 100 basis points, Banks' net income to increase by 13%
$40 million to invest in Saudi technology startups
Agreements aim to promote entrepreneurship in various fields
