Saudi Arabia

EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia

Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014

Saudi Arabia achieves $16 billion budget surplus in Q4 2023

Due to 40.7 percent YoY decline in government expenditures

Saudi Arabia maintains A++ rating with stable outlook: Fitch

Classification reflects Kingdom's robust external financial strength

Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities

Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector

Saudi Arabia’s non-oil sector grows, PMI records 55.4 in January

Economic expansion continues amid inflationary pressures and supply chain risks

Saudi Arabia launches initiative to localize 23,000 jobs

Empowering Saudi youth and and enhancing their job opportunities

stc users exceed 16 million following Riyadh Season launch

stc's continued investments are reflected in the volume of 5G network use

Saudi Arabia reveals FDI inflow of $4.53 billion in Q3 of 2023

New FDI methodology aligns with the IMF's standards

Saudi Arabia to host historic COP16 in Riyadh

Strengthening international efforts to reduce land degradation and desertification

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023

Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP

Saudi Arabia’s sukuk, bond issuances reach $202 bn in Q4 2023

Kingdom attracts Saudi investors, advances capital market, and maintains fiscal stability

Red Sea Global pioneers sustainable transportation with low-carbon SAF policy

Company's entire fleet of onshore vehicles now run on electricity or SAF

Saudi Arabia bids to host World Water Forum in 2027

Underscoring Kingdom’s interest in sustaining water resources, improving the quality of life 

SAR launches Dream of the Desert train service in Saudi Arabia, first in MENA

$53 million deal with Italian Arsenale Group to introduce luxury train ride

Saudi company bolsters AI presence with $5 million investment in OpenAI

Through a private stock sale round of OpenAI employee shares tender offer