Banking & Finance
Profits slightly increased by 3.6% in Q2 2022
Funding will be used to support innovation in payment and shopping
Supported by strong product demand
Focusing on investing in several key sectors
Driven by an increase in total operating income
It increased by 3% to 1.683 trillion riyals
Within the strategy of investing in leading firms
On higher operating income, lower expenses
The deal is worth 192 million riyals
In May, Saudi's PIF purchased a 16.87% stake in KHC
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
