Saudi Arabia

Foreign, joint investments in Saudi industry surpass SAR542 bn

Number of factories with foreign investment in the Kingdom reached 930

Saudi launches first film investment fund worth $100 mn

Vision 2030 targets $24bn film industry for Saudi economy

Moody’s affirms Saudi A1 credit rating, expects budget to continue improving

Moderate debt levels, large financial reserves and high economic resilience

Saudi’s First Milling to offer 16.6 million shares in IPO

Company achieved steady sales growth in 2021 and 2022

Saudi Crown Prince establishes investment fund for Riyadh Air

New national carrier a strategic move towards Saudi Vision 2030

Saudi considers second Aramco IPO, could raise over $20 bn

Offering expected to be the world's largest in recent years

Saudi’s sukuk issuance draws massive $17 bn in requests

Citigroup, JPMorgan, and Standard Chartered coordinated issuance

Despite Q1 profit hit, Aramco shares up on new dividend policy

New payout will be between 50% to 70% of company's annual free cash flow

Aramco announces 19% drop in profits in the first quarter

The company attributed this decline to low oil prices

Falling oil revenues results in 3 billion riyals Q1 Saudi budget deficit

Non-oil revenues jumped 9% to more than 102 billion riyals

3.9% growth in Saudi supported by non-oil economy

Government expects non-oil sector to grow by about 6% in 3 and 5 years