Saudi Investment Bank Sukuk Yield Set at 6.375%
by Saudi Investment Bank has priced its first Additional Tier 1 (AT1) sukuk at 6.375%, marking a significant milestone in the Islamic finance sector. The deal, …
Tag: Saudi
Saudi Arabia unveils ambitious initiatives at UNCCD COP16
Saudi Arabia is set to host the 16th session of the United Nations Convention to Combat Desertification (UNCCD COP16) in Riyadh, marking the first time …
Lenovo’s Saudi Plant Aims to Bolster Regional PC Manufacturing
Lenovo Group, the world’s largest PC maker, has announced plans to establish a state-of-the-art manufacturing facility in Saudi Arabia. This move aligns with the Kingdom’s …
Saudi Arabia Deepens Green Energy Ties with Central Asia at COP29
Saudi Arabia has further solidified its leadership in global green energy initiatives by signing a groundbreaking pact with Central Asian nations at COP29, amplifying efforts …
Saudi Fund PIF Offloads $1 Billion STC Stake
The Saudi Public Investment Fund (PIF), a major sovereign wealth fund under the Saudi government, has executed a notable transaction by divesting over $1 billion …
Iran and Trump Are Front of Mind at Muslim Summit in Saudi Arabia
Leaders from across the Arab and Muslim world were in Riyadh for a meeting officially convened to discuss the fighting in Gaza and Lebanon.
Saudi Arabia Hosts a Tennis Final Won by Coco Gauff
The kingdom, which has been accused of trying to “sportswash” its human rights record, hosted the WTA Finals, part of its unstoppable advance into the …
Saudi Aramco’s Q3 Profit Falls 15% Amid Softer Oil Prices and Refining Challenges
Arabian Post Staff -Dubai Saudi Aramco reported a notable 15% decline in its third-quarter profit, dropping to $30.6 billion from $35.5 billion in the same …
China Prepares First Sovereign Dollar Bond in Saudi Arabia
China’s strategic move to sell its inaugural sovereign dollar bonds in Saudi Arabia marks a significant step in its international finance ambitions, reflecting its broader …
Saudi Aramco Faces Rising Pressure to Prioritize Profitability Over Expansion
Saudi Aramco has seen significant financial performance in recent quarters, but its aggressive expansion and capital expenditure strategy are drawing attention amid broader concerns about …