The sovereign wealth funds from Saudi Arabia, Qatar and the UAE appear to have become go-to investors in difficult times for the global markets
The fund has signed an agreement with Oman Investment Authority aiming to invest in a wide range of asset classes and target industries
The company will play a key role in improving the quality and production capacity of Ajwa dates in the Madinah region
The two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements
The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016
The biopharma investment firm seeks to advance formulation development, medicine development and manufacturing
The fund projected that Saudi Arabia would swing to a deficit in 2023 on lower oil revenue
The deal is aimed at supporting Tamimi Markets’ growth plans including a potential initial public offering
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
The new company will make tobacco-free nicotine delivery products available across Saudi Arabia by the end of 2023
The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate
The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares
The company will benefit from Savvy’s long-term financial backing to deliver on its strategy to grow and deepen existing franchises
The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments
The deal is the largest of its kind signed in the Saudi banking industry
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030
Riyadh will be the company’s operational hub, and will connect the Saudi capital to over 100 destinations globally
The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East
Saudi Coffee Company‘s chairman Fahad Alnuhait tell us how the company is protecting the legacy of the kingdom’s coffee farmers
Emkan Capital’s technology fund will invest in pre-seed and seed-stage companies with high-growth potential
The fund has already invested in 16 companies and plans to list three of them on the Saudi stock exchange and two in the US next year
The joint-venture company aims to initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions
The proposed initial public offering of Olam Agri in Saudi Arabia would be the first listing of a global company in the country
The investment will allow the sovereign wealth fund to participate in the acceleration of energy transition and clean energy at an international scale
The two entities will collaborate to attract regional and international investors, and boost foreign direct investment into Saudi Arabia
Telcos are already speeding the digitisation journey with new products and solutions developed on their own or through public-private partnerships
The project will include four landmarks – an opera House, museum, sports stadium and oceanarium, as well as 17,000 residential units
The Public Investment Fund offered 120 million shares in Saudi Telecom at SAR100 each
According to PIF, it is the world’s ‘first tourism destination on offshore platforms’