Morgan Stanley Saudi Arabia to act as market maker for 52 companies: Tadawul
Morgan Stanley Saudi Arabia has been approved to conduct market-making activities for 52 companies listed on the Kingdom’s stock exchange, according to a statement on Tadawul. The US-based multinational investment banking company’s applications are set to cover securities on the main and parallel markets, commencing on July 1. Market makers are exchange members responsible for maintaining liquidity […]
Ericsson to scale up graduate hiring, internships in Saudi Arabia, senior official reveals
l Telecoms firm Ericsson is expanding its graduate hiring and internship programs in Saudi Arabia as it seeks to strengthen its regional footprint, a senior executive told Arab News. In an interview on the sidelines of the inauguration of the company’s regional headquarters in Riyadh, Patrick Johansson, president and head of market area Europe, Middle […]
Saudi Arabia unveils ESG-focused non-profit for industry, mining
Saudi Arabia has launched a non-profit association to help industrial and mining enterprises adopt top sustainability, social responsibility, and governance standards, supporting the Kingdom’s economic growth. The Ministry of Industry and Mineral Resources announced the establishment of the association to raise awareness among industrial and mining enterprises and support their adoption of sustainable and responsible […]
Madinah’s logistics sector grows 190% amid $57bn development push
Commercial registrations in Saudi Arabia’s Madinah transport and storage sector rose from 970 in 2019 to 2,817 by the end of 2024, reflecting strong five-year growth in the logistics industry. The 190 percent growth over the period also translates to an average annual increase of 38 percent, according to a recent economic report issued by […]
Saudi debt markets set to expand further on Vision 2030 reforms: S&P
Saudi Arabia’s domestic corporate bond and sukuk markets are set to gain further momentum, fueled by Vision 2030 investments and ongoing regulatory reforms, according to a new analysis by S&P Global. In its latest report, the ratings agency noted that the Kingdom’s domestic debt markets have grown steadily over the past five years, with corporate […]