Company Insights Saudi Exchange/Tadawul Finance Saudi Exchange/Tadawul News Markets Over half of foreign investors on Tadawul are from US More than half of qualified foreign investors (QFIs) in the Saudi stock market are from the US, according to Saudi Tadawul Group, the operator of the stock exchange. The Saudi exchange has more than 4,000 QFIs, Sarah Al-Suhaimi told the Saudi-US Investment Forum. “I can say that approximately 55 percent of foreign investments through the […] May 13, 2025 Aviation Prince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that started this week to finance expansion. The IPO price range was set at between SAR76 and SAR80 per share, implying a market capitalisation of as much as $3.65 billion. The airline, which is […] May 12, 2025 Tech Profits jump for PIF’s Elm digital services company Elm Company, a digital services company controlled by Saudi Arabia’s Public Investment Fund, said first-quarter profit surged more than 40 percent on higher sales. Net profit in the three months to March 31 jumped to SAR495 million ($132 million), the company said in a statement to the Saudi stock exchange, where 30 percent of its […] May 9, 2025 Renewable Energy Acwa Power reports record revenue and profit surge Saudi Arabian energy company Acwa Power posted record revenue in the first quarter from higher returns on operations and development services as well as electricity and water sales. Revenue jumped almost 60 percent to SAR1.97 billion, the publicly listed company said in a statement to the Saudi stock exchange. This helped to underpin a 44 […] May 9, 2025 Mining Ma’aden’s profit up by half as commodity prices rise Earnings at Ma’aden, the Saudi Arabian Mining Company, surged by more than half in the first quarter of 2025, supported by growing sales and higher prices. Net profit for the quarter rose 58 percent year on year to SAR1.5 billion ($400 million), the company said in a filing to the Saudi stock exchange. Higher share […] May 7, 2025 Markets Saudi IPOs gather steam after ‘Liberation Day’ hiatus Saudi hospital and clinic operator Specialized Medical Company (SMC) starts the process of selling shares to the public on Sunday – only the second IPO in the kingdom since Donald Trump rocked global markets a month ago with his April 2 tariff announcement. It would also be the first Saudi hospital group to list its […] May 5, 2025 Petrochemicals Sabic to invest $4bn despite first-quarter losses Saudi Basic Industries Corporation, which is 70 percent owned by Saudi Aramco, swung to a loss in the first quarter of 2025 but intends to push ahead with a capital expenditure plan worth up to $4 billion. The petrochemicals giant, which trades on the Saudi stock exchange, reported a net loss of SAR1.2 billion ($320 million) […] May 5, 2025 Construction Emaar EC reschedules loan with consortium of Saudi banks Emaar the Economic City (Emaar EC), the developer of King Abdullah Economic City, has signed an agreement with four Saudi banks to reschedule a total of SAR3.4 billion ($904 million) in existing financing. The agreement also includes securing a new credit facility of SAR287 million from Alinma Bank, Saudi Awwal Bank, Banque Saudi Fransi and […] April 29, 2025 Telecoms Q1 profits and revenue up for Saudi Telecom Company Profits at Saudi Telecom Company (STC) rose in the first quarter of this year, pushing the share price of the kingdom’s biggest telecoms operator to a yearly high. Net profit rose 11 percent year on year to SAR3.6 billion ($973 million) in the first three months of 2025. Revenues for the quarter rose 2 percent […] April 29, 2025 Banking and Finance Lending income underpins record Q1 for Saudi banks Three of Saudi Arabia’s five biggest banks by assets have reported record first-quarter profits after generating more income from loans and on lower operating costs. Saudi National Bank, the kingdom’s largest lender, reported a 19 percent jump in profit in the three months to March 31 to SAR6 billion ($1.6 billion), compared with the same […] April 22, 2025 Posts navigation Previous 1 2 3 4 … 11 Next
Markets Over half of foreign investors on Tadawul are from US More than half of qualified foreign investors (QFIs) in the Saudi stock market are from the US, according to Saudi Tadawul Group, the operator of the stock exchange. The Saudi exchange has more than 4,000 QFIs, Sarah Al-Suhaimi told the Saudi-US Investment Forum. “I can say that approximately 55 percent of foreign investments through the […] May 13, 2025
Aviation Prince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that started this week to finance expansion. The IPO price range was set at between SAR76 and SAR80 per share, implying a market capitalisation of as much as $3.65 billion. The airline, which is […] May 12, 2025
Tech Profits jump for PIF’s Elm digital services company Elm Company, a digital services company controlled by Saudi Arabia’s Public Investment Fund, said first-quarter profit surged more than 40 percent on higher sales. Net profit in the three months to March 31 jumped to SAR495 million ($132 million), the company said in a statement to the Saudi stock exchange, where 30 percent of its […] May 9, 2025
Renewable Energy Acwa Power reports record revenue and profit surge Saudi Arabian energy company Acwa Power posted record revenue in the first quarter from higher returns on operations and development services as well as electricity and water sales. Revenue jumped almost 60 percent to SAR1.97 billion, the publicly listed company said in a statement to the Saudi stock exchange. This helped to underpin a 44 […] May 9, 2025
Mining Ma’aden’s profit up by half as commodity prices rise Earnings at Ma’aden, the Saudi Arabian Mining Company, surged by more than half in the first quarter of 2025, supported by growing sales and higher prices. Net profit for the quarter rose 58 percent year on year to SAR1.5 billion ($400 million), the company said in a filing to the Saudi stock exchange. Higher share […] May 7, 2025
Markets Saudi IPOs gather steam after ‘Liberation Day’ hiatus Saudi hospital and clinic operator Specialized Medical Company (SMC) starts the process of selling shares to the public on Sunday – only the second IPO in the kingdom since Donald Trump rocked global markets a month ago with his April 2 tariff announcement. It would also be the first Saudi hospital group to list its […] May 5, 2025
Petrochemicals Sabic to invest $4bn despite first-quarter losses Saudi Basic Industries Corporation, which is 70 percent owned by Saudi Aramco, swung to a loss in the first quarter of 2025 but intends to push ahead with a capital expenditure plan worth up to $4 billion. The petrochemicals giant, which trades on the Saudi stock exchange, reported a net loss of SAR1.2 billion ($320 million) […] May 5, 2025
Construction Emaar EC reschedules loan with consortium of Saudi banks Emaar the Economic City (Emaar EC), the developer of King Abdullah Economic City, has signed an agreement with four Saudi banks to reschedule a total of SAR3.4 billion ($904 million) in existing financing. The agreement also includes securing a new credit facility of SAR287 million from Alinma Bank, Saudi Awwal Bank, Banque Saudi Fransi and […] April 29, 2025
Telecoms Q1 profits and revenue up for Saudi Telecom Company Profits at Saudi Telecom Company (STC) rose in the first quarter of this year, pushing the share price of the kingdom’s biggest telecoms operator to a yearly high. Net profit rose 11 percent year on year to SAR3.6 billion ($973 million) in the first three months of 2025. Revenues for the quarter rose 2 percent […] April 29, 2025
Banking and Finance Lending income underpins record Q1 for Saudi banks Three of Saudi Arabia’s five biggest banks by assets have reported record first-quarter profits after generating more income from loans and on lower operating costs. Saudi National Bank, the kingdom’s largest lender, reported a 19 percent jump in profit in the three months to March 31 to SAR6 billion ($1.6 billion), compared with the same […] April 22, 2025
