Saudi Aramco makes huge profit amid Ukraine-Russia war
The amount from the Saudi oil firm Aramco is the biggest quarterly adjusted profit of any listed company....
Tag : Saudi
Al Fozan: Where social responsibility meets investment
by WebAdmin
Al Fozan, a Saudi-Arabia based business conglomerate, focuses on balancing its social roles with its investment aspirations...
What the pandemic means for Saudi banks
by WebAdmin
SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges...
Saudi Stock Exchange updates on major capital market reforms
Improvements further align Tadawul with international exchange standards, Qualified Foreign Investors (QFIs) gain access to domestic IPO market, Introduction of T+2 settlement cycle to enhance global investor safety and liquidity...
Saudi Stock Exchange to shift to T+2 cycle
Tadawul announces effective date for amending the settlement cycle of listed securities The Saudi Stock Exchange ‘Tadawul’ announces amending the settlement cycle of listed securities to (T+2) starting from Sunday 23rd of April 2017. This step comes after completing all necessary pilot phases to ensure full technical and functional readiness and connectivity with market participants....
Milltrust appoints SEDCO Capital for its MENA UCITS Fund
Fund aims to achieve returns for international institutional investors July 11, 2016: Milltrust International, an emerging-markets-focused asset manager has awarded SEDCO Capital, a leading global asset management firm based in Saudi Arabia, with the mandate to manage the Milltrust SEDCO MENA Fund. The Fund aims to achieve long term returns for international institutional investors by investing...
Saudi Arabia cuts back its solar target
No concrete reason given; wants to concentrate on gas Suparna Goswami Bhattacharya June 28, 2016: In a move that has surprised many, Saudi Arabia has scaled back its renewable power targets as the world’s largest producer of oil plans to use more natural gas, backing away from goals set when crude prices were about triple...
World Bank cuts global growth outlook
Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...
Investors finally paying more attention to GCC
So far, energy rich Middle Eastern countries have built a reputation as a source of funds Joel Kukemelk February 11, 2015: As a Europe-based GCC equity fund manager, we are well-aware of the international investors’ views, questions, hopes and doubts when it comes to investing in the Arabian peninsula. So far, global investors have overlooked...