Company Insights Saudi Awwal Bank Banking and Finance Saudi Awwal Bank News Aviation Saudi jet lessor AviLease secures $1.1bn to expand fleet Saudi Arabia’s Public Investment Fund arm for financing of aircraft has secured $1.1 billion in its inaugural funding round. Riyadh-based Aircraft Leasing Company (AviLease) will use the unsecured five-year facility for general corporate purposes, including growing its fleet. “We have successfully closed our debut $1.1 billion unsecured term financing facility, supported by a syndicate of banking […] June 8, 2023 Banking and Finance Saudi Central Bank grants first licence to a foreign insurer US healthcare giant Cigna is to become the first international insurer operating in Saudi Arabia as the kingdom seeks to increase foreign direct investment. Cigna has been granted a health insurer licence by the Saudi Central Bank (Sama), it revealed on Monday. Jason Sadler, president of international markets at Cigna, described the branch licence as […] February 7, 2023 Construction Red Sea Global secures $288m funding for Jumeirah project Red Sea Global (RSG) has secured $288 million in funding as part of a joint venture with Almutlaq Real Estate Investment Co. (AREIC) to develop Jumeirah The Red Sea on the west coast of Saudi Arabia. Gulf International Bank Saudi Arabia (GIB) provided the green financing, the developer said in a statement. “Achieving commercial close […] January 25, 2023 How I got to the top Development Shrook Mansour Bin Sultan, head of government affairs for Saudi Arabia, 3M Shrook Mansour Bin Sultan is the new head of government affairs in Saudi Arabia for US multinational conglomerate 3M, which operates in the fields of industry, worker safety, US healthcare and consumer goods. Her responsibilities include leading the company’s public policy initiatives, such as engagement opportunities with government entities to support the kingdom’s policymakers on […] August 26, 2022 Banking and Finance Saudi’s cashless revolution well underway as investments soar Saudi Arabia’s digital payments revolution is gathering pace with point-of-sale transactions surpassing ATM cash withdrawals for the first time in the second quarter of 2022. The kingdom’s transformation into a cashless economy resulted in point-of-sale (PoS) transactions rising 16.6 percent annually in Q2 to $36.7 billion, described by the Saudi Ministry of Investment (MISA) as […] August 8, 2022 Posts navigation Previous 1 2 3
Aviation Saudi jet lessor AviLease secures $1.1bn to expand fleet Saudi Arabia’s Public Investment Fund arm for financing of aircraft has secured $1.1 billion in its inaugural funding round. Riyadh-based Aircraft Leasing Company (AviLease) will use the unsecured five-year facility for general corporate purposes, including growing its fleet. “We have successfully closed our debut $1.1 billion unsecured term financing facility, supported by a syndicate of banking […] June 8, 2023
Banking and Finance Saudi Central Bank grants first licence to a foreign insurer US healthcare giant Cigna is to become the first international insurer operating in Saudi Arabia as the kingdom seeks to increase foreign direct investment. Cigna has been granted a health insurer licence by the Saudi Central Bank (Sama), it revealed on Monday. Jason Sadler, president of international markets at Cigna, described the branch licence as […] February 7, 2023
Construction Red Sea Global secures $288m funding for Jumeirah project Red Sea Global (RSG) has secured $288 million in funding as part of a joint venture with Almutlaq Real Estate Investment Co. (AREIC) to develop Jumeirah The Red Sea on the west coast of Saudi Arabia. Gulf International Bank Saudi Arabia (GIB) provided the green financing, the developer said in a statement. “Achieving commercial close […] January 25, 2023
How I got to the top Development Shrook Mansour Bin Sultan, head of government affairs for Saudi Arabia, 3M Shrook Mansour Bin Sultan is the new head of government affairs in Saudi Arabia for US multinational conglomerate 3M, which operates in the fields of industry, worker safety, US healthcare and consumer goods. Her responsibilities include leading the company’s public policy initiatives, such as engagement opportunities with government entities to support the kingdom’s policymakers on […] August 26, 2022
Banking and Finance Saudi’s cashless revolution well underway as investments soar Saudi Arabia’s digital payments revolution is gathering pace with point-of-sale transactions surpassing ATM cash withdrawals for the first time in the second quarter of 2022. The kingdom’s transformation into a cashless economy resulted in point-of-sale (PoS) transactions rising 16.6 percent annually in Q2 to $36.7 billion, described by the Saudi Ministry of Investment (MISA) as […] August 8, 2022
