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 […]
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 […]
Growing Saudi film industry driving job creation, economic growth
Since lifting the cinema ban in 2018, Saudi Arabia has rapidly transformed its film industry into a key engine of job creation and economic diversification. By 2024, the Kingdom had opened over 630 cinema screens across 60 locations, with ambitions to exceed 1,000 by 2030. This expansion is expected to create over 7,000 direct […]
Battery cost drops and govt drive help Kingdom achieve EV goals
A rapid decline in battery prices and critical mineral costs, along with effective government initiatives, are expected to help Saudi Arabia achieve its goal of electrifying 30 percent of vehicles in Riyadh by 2030, according to experts. Speaking to Arab News, Joseph Salem, partner and travel, transportation and hospitality practice lead at Arthur D. Little, […]