Investment

Investment Spotlight on Saudi Aramco’s Latest Share OfferingSaudi Arabia has made a striking move in the global investment scene by releasing a new batch of shares for its oil giant, Aramco, which garnered considerable international capital. This recent development marks a stark contrast to the tepid interest observed five years prior.International Investors Jump on Aramco SharesInvestors from a diverse array...

Separated by vast distances, the arid landscape of Saudi Arabia and the verdant expanses of Brazil are drawing closer on the economic front. Their evolving partnership, originating from poultry trade in the 1970s, is now a strategic move to diversify trade relations and buffer against geopolitical volatility.While the US and China remain major trading partners for both nations, Saudi-Brazilian trade...

Patria Investments Ltd., a prominent player in the alternative asset management space within Latin America, is actively pursuing the expansion of its portfolio companies into Saudi Arabia. This strategic move is aimed at capitalizing on the business-friendly initiatives of the kingdom, particularly those encapsulated in the ambitious Vision 2030 strategy.Key enterprises under Patria's umbrella, such as the fitness chain Smartfit...

Stake, a frontrunner in the digital real estate investment sphere, has recently secured a substantial $14 million in a funding endeavor.Leading the investment round was Middle East Venture Partners (MEVP), with notable contributions from entities such as Aramco’s Wa’ed Ventures, Mubadala Investment Company, Al Jomaih Holding, and Republic, a prominent private investing firm in the United States.Over the past three...

The Kingdom of Saudi Arabia's mining sector has garnered international recognition for its investment-friendly climate, as indicated in a recent assessment of mining investment risks by MineHutte and Mining Journal Intelligence. The comprehensive database by MineHutte, which evaluates over 100 mining codes, positions the country as a top performer in de-risking mining investments.The World Risk Report 2023 underscores the Kingdom's...

Following the announcement of a secondary share offering poised to garner upwards of $11.2 billion, the value of Saudi Aramco's shares witnessed a notable uptick on the first day of trading thereafter.Opening at SAR27.95 per share, a slight dip from the previous session's close at SAR28.3, the shares quickly rebounded, reaching SAR28.35 by mid-morning. The offering itself was priced at...

The prominent oil company Saudi Arabian Oil Co, known as Saudi Aramco, has recently reported that a substantial portion of its newest share offering has been acquired by international investors, amassing an impressive US$11.2 billion.According to Aramco, The majority of the shares constituting the institutional tranche of the offering was allocated to investors located outside of the Kingdom, with trading...

Saudi Arabia is poised for a major expansion in entertainment amenities, as the Ministry of Investment has partnered with Nowaar Entertainment to establish a series of new entertainment and water-themed parks, with the first anticipated to welcome visitors in Riyadh by 2025.Together with the General Entertainment Authority, the Ministry of Investment (MISA) formalized an arrangement on a recent Sunday with...

In a recent announcement, it was disclosed that Saudi Arabian Oil Company, commonly known as Saudi Aramco, has completed the final allocation of its 1.545 billion shares that were fully marketed. International institutions, which form a part of the institutional tranche, were significant recipients, garnering a stake outside of Saudi Arabia's borders.As it stands, the breakdown of Saudi Aramco's public...

International investors have played a significant role in Saudi Aramco's recent secondary share offering, which is poised to infuse $11.2 billion into the oil behemoth's coffers. This influx of capital is expected to catalyze the funding of expansive projects within Saudi Arabia, such as the construction of resorts and stadiums, which are integral to the country's transformation plan aimed at...

In a recent development from Riyadh, the prominent oil company Saudi Aramco has announced the successful sale of shares, with a substantial portion being acquired by investors beyond Saudi Arabia's borders, amounting to an impressive $11.2 billion capital raise.Before the commencement of trading on the Saudi exchange, Aramco revealed that the institutional tranche of the share offering was predominantly secured...

The Saudi Ministry of Tourism has made a notable appearance at the 46th Annual NYU International Hospitality Investment Conference, where it cast a spotlight on the Kingdom's rapid development and the vast investment opportunities within its burgeoning tourism sector. This gathering served as an ideal backdrop for Saudi Arabia to exhibit its transformative aspirations of becoming a world-leading tourism hub,...

The recent disposition of shares by Saudi Arabia's state-owned oil behemoth, Saudi Aramco, culminated in an $11.2 billion capital influx, though falling short of the potential maximum. The sale's intent to captivate a global investment audience was evident in the international promotional efforts spearheaded by CEO Amin Nasser, which encompassed major financial hubs such as London and New York.Following the...

The 46th Annual NYU International Hospitality Investment Conference recently became the stage for Saudi Arabia’s Ministry of Tourism to highlight the significant progress in its tourism sector and the enticing investment openings this growth presents. As Saudi Arabia endeavors to transition into a premier global tourism destination, the conference was a prime opportunity to demonstrate its advancements and commitment to...

Recent funding rounds in the Middle East and Africa have bolstered the growth of several promising startups in the agritech and fintech sectors. These investments aim to address pressing issues such as food security and financial management.Iyris, a Saudi Arabian agritech firm, has garnered a significant $16 million in Series A funding to tackle food insecurity through innovative SecondSky greenhouse...

Saudi Aramco, the kingdom's oil behemoth, has finalized a colossal stock offering that will inject a minimum of $11.2 billion into Riyadh's coffers. This landmark deal stands as the largest of its kind worldwide in nearly three years and is poised to underpin a comprehensive multi-trillion-dollar plan aimed at overhauling the nation's economy.The government has announced it will offload close...

The world is on the brink of channeling an unprecedented sum exceeding $3 trillion into the energy sector by 2024, as per the International Energy Agency's latest projections outlined in their 'World Energy Investment 2024' analysis. Clean energy initiatives are poised to receive $2 trillion, whereas fossil fuel ventures, encompassing oil, gas, and coal, are expected to secure the remaining...

Saudi Arabia's fintech landscape is witnessing significant growth as Simplified Financial Solutions Co., a B2B spend management platform, has successfully garnered a $10 million seed investment. The capital injection was spearheaded by Sanabil Investments, a Public Investment Fund subsidiary, and RAED Ventures, with contributions from a consortium of investors including anb seed, Rua Ventures, Byld, and KBW Ventures. Existing backers...

The Saudi Ministry of Tourism recently took part in the 46th Annual NYU International Hospitality Investment Conference, where it cast a spotlight on the Kingdom's outstanding advances and the vast investment potentials within its burgeoning tourism sector.The conference served as an ideal platform for Saudi Arabia to exhibit its transformative aspirations to become a top-tier global tourism hub while diversifying...

The Saudi Ministry of Tourism has made a significant appearance at the 46th Annual NYU International Hospitality Investment Conference, showcasing the substantial growth and investment prospects within its rapidly advancing tourism sector. The event serves as an exceptional stage for Saudi Arabia to exhibit its ambitious drive to emerge as a dominant global tourism destination while broadening its economic horizons.In...

The General Secretary of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, welcomed the GCC Railways Authority's Director General, Eng. Mohammad Al Shabrami, at the General Secretariat's Riyadh headquarters for a pivotal discussion. At this encounter, the Director General provided a detailed update on the recent milestones, current statuses, and the strides taken toward the railway project that is set...

The realm of international investments witnessed a notable dialogue as high-profile officials from Saudi Arabia and Honduras convened to explore collaborative investment opportunities. The Saudi Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, welcomed José Manuel Zelaya, the Economic Advisor at the Presidential Office of Honduras, along with the Honduran Minister of Investment, Miguel Medina.At the heart of...

The NEOM Board of Directors has announced the creation of Magna, a high-end coastal destination designed to elevate the standards of sustainable luxury travel. Nestled along the pristine Gulf of Aqaba, Magna is part of NEOM's initiative to foster regional sustainable tourism and includes the debut of twelve premier destinations: Leyja, Epicon, Siranna, Utamo, Norlana, Aquellum, Zardun, Xaynor, Elanan, Gidori,...

NEOM, Kingdom of Saudi Arabia – The NEOM Board of Directors has announced the creation of Magna, a new benchmark in the arena of luxury lifestyle destinations. Nestled along the Gulf of Aqaba, Magna is part of NEOM's commitment to environmentally friendly tourism and includes the previously introduced high-end destinations such as Leyja, Epicon, Siranna, Utamo, Norlana, Aquellum, Zardun, Xaynor,...

Boosting foreign direct investment (FDI) is crucial for Saudi Arabia's diversification from an oil-based economy, as outlined in Vision 2030, which aims to increase FDI to $100 billion or 5.9% of GDP by 2030. FDI inflows were $29 billion in 2016 when the initiative was launched. The anticipated growth in FDI is expected to propel new industries such as artificial...

The Public Investment Fund (PIF) has effectively completed its first-ever offering of sterling-denominated bonds, amassing 650 million pounds (GBP) under its Euro Medium-Term Note program. This initiative aligns with PIF's strategy to expand and diversify its financial backing sources. The bond offering witnessed an overwhelming interest, attracting subscriptions more than six times the announced amount, and was divided into two...

A Brazilian investment firm, with support from the prominent investor Marcelo Claure, is negotiating with Saudi financiers to establish a substantial $600 million investment vehicle. The fund is specifically focused on advancing projects within Brazil's climate and energy domains.EB Capital Gestao de Recursos Ltda, the company behind the initiative, aims to introduce this fund in the latter part of the...

In a significant move to bolster trade relations, a coalition of Saudi investors has formalized an agreement to establish the Saudi Logistics City within Djibouti's free zone, adjacent to the bustling Djibouti Port. Encompassing a vast 120,000 square meters in its initial phase, the facility is poised to operate under a 92-year contract. Its conception is not only a testament...

The sovereign wealth fund of Saudi Arabia, known as the Public Investment Fund (PIF), has established a new enterprise aimed at propelling the growth of the nation's satellite and space industry through the development of local expertise. Named Neo Space Group (NSG), this new venture will channel investments into domestic and international assets and capabilities, as well as venture capital...

The Kingdom of Saudi Arabia is setting the stage for a significant share sale in its state-owned energy behemoth, Aramco. Anticipated to occur as early as June, the sale is poised to be one of the largest equity offerings in the region, according to informed sources.An estimated $10 billion could be raised through the sale, a figure based on initial...