Saudi Aramco raises August Arab light crude OSP for Asia
Saudi Aramco has raised its official selling price for its flagship Arab Light crude oil destined for Asia in August, the company confirmed in an official statement on Sunday. The state-owned company raised the price of its benchmark oil to $2.20 per barrel above the average of Oman and Dubai crude prices. The August price […]
ACWA Power plans selective mergers to boost profits, secures $15.4bn in financing over 2 years
Saudi Arabia’s energy and water desalination giant ACWA Power has drawn investor attention regarding its expansion strategy, following the approval of its shareholders for a SR7.1 billion ($1.8 billion) rights issue. In an interview with Al-Eqtisadiah, Abdulhameed Al-Muhaidib, the company’s chief financial officer, outlined ACWA Power’s growth plans, financing approach, and future targets. ACWA Power […]
Saudi Arabia’s top 10 listed firms hit $2.1tn valuation, led by Aramco
Saudi Arabia’s top 10 publicly listed companies reached a combined market capitalization of $2.1 trillion as of April 25, highlighting their dominant role in the Kingdom’s capital markets, according to a new analysis by Forbes Middle East. The companies collectively reported $133.9 billion in net profits for 2024, reflecting the growing strength of the […]
Saudi Arabia opens July Sah sukuk subscription with 4.88% annual return
Saudi Arabia has launched the July subscription window for its government-backed savings sukuk, “Sah,” offering an annual return of 4.88 percent—slightly up from June’s 4.76 percent. Part of the 2025 issuance calendar managed by the National Debt Management Center under the Ministry of Finance, the sukuk reflects ongoing efforts to promote financial inclusion and encourage […]
Saudi PIF enters ‘post-trillion’ era with pivot from scale to substance
Saudi Arabia’s Public Investment Fund has surpassed $1 trillion in assets, marking a global milestone — but the organization is now pivoting from rapid expansion to a focus on solvency, strategic discipline, and sustainable long-term returns. According to Global SWF, the sovereign wealth fund, which recently announced an 18 percent increase in assets under management […]