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finance 

Democrance expands footprint in Saudi Arabia

Democrance, the global InsurTech firm with a mission to make insurance accessible and affordable for those who need it most, has announced a bold expansion strategy in Saudi Arabia following […]

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EFG Hermes completes advisory on landmark $1.21bln IPO of ADES on the Saudi Exchange

EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the landmark SR4.572 billion ($1.219 billion)

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Saudi National Bank, Mastercard launch UEFA Champions League cards

Saudi National Bank (SNB), and Mastercard, the official sponsor of the UEFA Champions League, have partnered to launch the UEFA Champions League card portfolio, the first of its kind in the kingdom,

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EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

EFG Holding’s investment banking division , EFG Hermes, has completed advisory on the $290m initial public offering (IPO) of Saudi Arabia’s Lumi Rental Company. EFG Hermes acted as a joint

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Jada Fund collaborates with Aliph Capital to support Saudi SMEs

Jada Fund of Funds Company, a Saudi Arabia PIF-owned company, has strategically partnered with GCC-led investment manager, Aliph Capital, to support Small and Medium-sized Enterprises (SMEs). Under the partnership, Jada

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Saudi Arabia plans to issue $9.6bn in sukuk after buyback

Saudi Arabia has completed an early purchase of more than SAR35.7bn ($9.5bn) of outstanding debt and will issue about SAR35.9bn in sukuk , as the kingdom plans to bolster its

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