CurrencyFeaturedSaudi Arabia’s money supply reaches USD 783 billion, says Kingdom’s central bankIFM CorrespondentDecember 17, 2024December 16, 2024 by IFM CorrespondentDecember 17, 2024December 16, 2024 In October, time and savings deposits made up 33.07% of Saudi Arabia's total money supply, the highest amount in almost 15 years... Read more
coverstoryMagazineWhat the pandemic means for Saudi banksWebAdminJuly 22, 2020July 23, 2020 by WebAdminJuly 22, 2020July 23, 2020 SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges... Read more
BankingFeaturedRiyad Bank plans early redemption of $1.06 billion sukuk due in 2025International Finance Business DeskApril 28, 2020 by International Finance Business DeskApril 28, 2020 The bank has received regulatory approval for its sukuk redemption... Read more
Oil & GasAramco raises $25.6 bn in IPO with shares priced at $8.53International Finance DeskDecember 6, 2019January 24, 2020 by International Finance DeskDecember 6, 2019January 24, 2020 Aramco is expected to achieve a valuation of $1.7 trillion... Read more
Islamic BankingSaudi Arabia raises $4.5 billion in its first domestic sukuk issuanceInternational Finance DeskJuly 28, 2017 by International Finance DeskJuly 28, 2017 Moody’s terms development credit positive for Islamic banks... Read more