Banking & Finance

The PIF acquires about 17% of Aston Martin

The Public Investment Fund is betting on the future of the automotive and transportation

Saudi banking sector Q1 net profit increases 22.83%: KPMG

The banking industry showed a resurgence with an increase in profit of 40.15%

Saudi’s Ministry of Human Resources registers SAR34.7 bn in revenues

Revenue from expatriate fees amounted to 6.86 billion riyals

Sheila Alrowaily’s first interview after SAMA’s appointment

"The Kingdom's leadership has promoted Saudi women to many positions"

Sheila Alrowaily, the first woman to serve on SAMA’s board of directors

Increasing share of women in work in MENA could increase the GDP to $2 tn

Subsidiary to Saudi PIF buys a $1bn chunk of Embracer gaming group

The games and esports company will hold 8% of the shares

Profits at top Saudi Arabian banks jump by 17.6% in Q1 2022

Growth attributed to several factors, including a buoyant energy market

Saudi shows foreign investor appetite and soaring IPOs in Q1 report

Foreign investors rose to historical levels in Q1, with 9,383 new licenses

Saudi’s PIF acquires 24% stake in Capital Bank for SAR 695 mln

Total shareholders’ equity raises to SAR 3.2 billion

Did Saudi just unleash a fintech boom?

106 deals worth in excess of $558 million, highest in the region

Saudi banking sector rebounds amid recovery from pandemic

Net income increased by 15.5 percent to 48.8 billion Saudi riyals

“Fitch”: Saudi banks recovering well from pandemic pressures

Higher interest rates in 2022-2023 would further support it

Fitch Revises Outlook on PIF to Positive; Affirms at ‘A’

The fund's total assets at end-2020 were 47.1% of national GDP

A remarkable rise in net profits of Saudi banks in Q1

Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion

Fitch adjusts its outlook for Aramco to “positive”

“The company will maintain flexibility and continue to generate strong profits”

Saudi’s new law may increase international business by 50%

Law ensures equal treatment for both Saudi, foreign investments

Saudi aims to increase SME’s non-oil exports

The new program to support SMEs through providing trade finance facilities

Saudi expected to have a record year for M&As

GAC approves 88 percent of applications in Q1

S&P: Saudi banks will benefit from interest rate increases

For every increase of 100 basis points, Banks' net income to increase by 13%

Al Moammar, Fransi Capital agree to launch a VC fund

$40 million to invest in Saudi technology startups