Investment

The Saudi Arabian stock market concluded on a positive note over the weekend, with notable upswings in various sectors propelling the overall share values.Upon the session's end in Saudi Arabia, the primary stock index advanced modestly by 0.13%.Al-Rajhi Cooperative Insurance led the surge, jumping 9.96% or 10.40 points, finishing at 114.80. Batic Investments and Logistics Co closely followed, climbing 9.96%...

The Saudi Fund for Development (SFD) has cemented a financial partnership with Saint Kitts and Nevis through a $40 million loan, aimed at powering up the island's energy capabilities.This injection of funds by SFD, known for its financial support to emerging economies, is set to fuel the growth of a power plant initiative within the Caribbean nation.With this project, an...

Experts in the economic sphere are signaling a bright future for Saudi Arabia's investment environment, driven by its robust equity and debt markets. Prominent individuals from the kingdom's sector of the investment bank J.P. Morgan, the financial news service Bloomberg, and Saudi tourism finance entity ASFAR have highlighted the transformative effects of the Vision 2030 plan for economic diversification. The...

Amidst the global economic challenges, the business media sector has been closely monitoring the evolution of foreign direct investment (FDI) trends. The latest 2024 Kearney Foreign Direct Investment Confidence Index has brought forward a story of resilience and optimism in the investment domain, with a clear focus on markets poised for stability, innovation, and growth opportunities.The central figure in this...

The individual spearheading a flagship initiative central to Saudi Arabia's economic diversification strategy is set to court investors in Hong Kong. This move aims to rally support for an ambitious and forward-looking urban development.Nadhmi Al-Nasr, CEO of Neom—a $500 billion high-tech megacity being constructed on Saudi Arabia's northwestern seaboard—will lead a promotional event scheduled for April 19 at M+, located...

The sovereign wealth fund of Saudi Arabia has recently launched a dedicated entity, furnished with a $3 billion capital, aimed at channelizing investments within various sectors in Iraq. This move is in line with the Kingdom's broader strategy to deepen its investment footprint in the Middle East and North Africa (MENA) region.Muteb Al-Shathri, the acting CEO of Saudi-Iraq Investment Co.,...

As the deputy chief investment officer of Sanabil, Saudi Arabia’s sovereign wealth fund’s venture branch, Bader Al Mana, evidenced signs of travel fatigue while discussing his entity's proactive approach in scouting promising artificial intelligence (AI) startups. This conversation took place at The Montgomery Summit in Los Angeles, an exclusive event for startup investors and entrepreneurs. Sanabil is carving out a...

Recent strategic maneuvers by the Public Investment Fund of Saudi Arabia, via its gaming arms Savvy Games Group and ESL FaceIt Group (EFG), have sparked a global dialogue about the kingdom's intentions and its potential sway over the esports landscape. Current trends in sports and leagues indicate a shift beyond geopolitical considerations. A prime example is the relocation of the...

China's investment footprint in Saudi Arabia has expanded dramatically, with the country's greenfield foreign direct investment (FDI) inflow into the Kingdom skyrocketing to $16.8 billion in 2023. This marks an astounding 1,020 percent increase compared to the figures from the year prior.The United States and the United Arab Emirates closely trail behind China, with their greenfield FDI contributions reaching $2.7...

China has risen to prominence as the foremost investor in Saudi Arabia's greenfield projects, with a staggering $16.8 billion directed into the nation in 2023. This represents an unprecedented 1,020 percent increase from the previous year's investments.Emirates NBD's data places the United States and the United Arab Emirates as the subsequent leading contributors of greenfield FDI to Saudi Arabia, with...

Saudi Arabia is setting its sights on artificial intelligence (AI) for its next major investment frontier. With a history of investments in global sports teams and significant stakes in entities like Uber, the kingdom plans to channel a substantial $40 billion into the realm of AI.Discussions have been underway between representatives from Saudi Arabia's Public Investment Fund and the prominent...

China has escalated its investment presence in Saudi Arabia, particularly concentrating on sectors pivotal for non-oil economic expansion. With a significant 58% stake in the region's new business ventures, China's focus has been on industries such as semiconductors, automotive, and metals.The influx of Chinese capital reached $16.8 billion, a substantial leap from the $1.5 billion recorded in the previous year,...

The Saudi Ministry of Industry and Mineral Resources has revealed a new set of mining prospects designed to draw both local and international investors. These prospects are the latest in a series of mining license contests, marking the fifth such event, which will offer exploration rights for an array of minerals including gold, copper, zinc, lead, and silver. These licenses...

The Saudi Fund for Development (SFD) has recently formalized agreements to provide financial support for two significant hydropower projects in Azad Jammu and Kashmir, as reported by Pakistani state media.Under the leadership of CEO Sultan bin Abdulrahman Al-Marshad, the SFD delegation journeyed to Azad Kashmir to finalize the funding arrangements for the Shounter and Jagran-4 hydropower projects, which are expected...

The Saudi Arabian stock market concluded trading on a positive note, with considerable uplifts in multiple sectors propelling the market forward.Upon closing, the Saudi stock index marked an increase of 0.17%.Leading the charge were outstanding performers such as Middle East Paper Co, which saw its shares soar by 9.96% to settle at 44.70. Close behind, National Company for Learning and...

The financial involvement of a single investment fund is not a solid foundation for a bullish outlook on Lucid Group's stock. It is crucial for wise investors to consider the comprehensive landscape when evaluating a company's prospects. Despite the monetary backing from a significant investor, Lucid Group's stock is graded poorly.Diminishing enthusiasm for electric vehicles (EVs) places manufacturers like Lucid...

As Saudi Arabia seeks to expand its economic horizon beyond oil, China has stepped up as its principal foreign investor, injecting a staggering $16.8 billion into the kingdom's various sectors in 2023. This represents a monumental increase from the previous year's $1.5 billion, with a keen focus on industries such as automotive, metals, and semiconductors. These figures, unveiled by Emirates...

Foreign direct investment (FDI) inflows into Saudi Arabia marked a significant increase to SAR13.1bn ($3.49bn) in the final quarter of 2023, a notable 16 percent rise from SAR11.4bn ($3.04bn) recorded in the preceding quarter, according to recent government statistics released on Thursday. The nation has set an ambitious goal of securing $100bn in FDI by 2030, aiming to bolster the...

As the financial world approaches the challenges and opportunities of 2024, the flux of global economics is poised to make headlines once again. Prevailing uncertainties concern the potential for a U.S. recession, the true state of inflation, the likelihood of loosened monetary policies, and the economic implications of geopolitical strains.Adding to the intrigue, 2024 is slated to become a landmark...

In a bold move towards sustainability, Saudi Arabia is considering the issuance of green bonds, marking a significant pivot for the nation traditionally reliant on oil revenues. This initiative is part of a broader strategy to fund eco-friendly ventures and steer the country towards a fossil fuel-independent future.The Saudi Ministry of Finance recently revealed a green financing framework that delineates...

The private equity landscape in Saudi Arabia is experiencing a remarkable boom. In a recent surge, the sector's value leapt from $1 billion in 2022 to an impressive $4 billion in 2023, distributed across 30 different deals. This information emerges from the latest research provided by Magnitt, showcasing the rapid growth within the kingdom's investment scene.At the heart of this...

In the dynamic realm of finance, Saudi Arabia's private equity scene has experienced a remarkable ascent, boasting transactions amounting to $4 billion in the year 2023, as unveiled by MAGNiTT. The venture data platform, in collaboration with Saudi Venture Capital Co., has brought to light a report showcasing a substantial amplification in private equity dealings within the Kingdom. Starting from...

The realm of private equity in Saudi Arabia is experiencing a vigorous expansion, making it a notable force within the nation's financial sector. A recent report covering the period from 2019 to 2023 has highlighted an impressive swell in private equity undertakings, with figures for 2023 topping $4 billion.The comprehensive report, backed by SVC, delineates a steady climb in private...

In an ambitious move to transform its economy, Saudi Arabia is setting its sights on a considerable investment in artificial intelligence (AI). The nation plans to allocate a staggering $40 billion to this sector, aiming to reduce its economic reliance on oil. This initiative comes as part of a larger trend where emerging technologies are becoming a competitive field among...

The business media sphere is abuzz with the findings of a new study highlighting the remarkable ascent of Private Equity (PE) initiatives in Saudi Arabia, with the apex reaching an impressive $4 billion in the year 2023. The '2019-2023 Saudi Arabia Private Equity Report', released by the venture data authority MAGNiTT and backed by SVC, indicates a consistent upward trajectory...

The wealth of Saudi Arabia has been profoundly shaped by its oil reserves, yet as the global community grapples with climate change, the nation's oil giants are pivoting towards the burgeoning electric vehicle (EV) sector.Lucid Motors, a Newark, California-based company, announced plans to secure a $1 billion investment from Ayar Third Investment, an affiliate of the Saudi Public Investment Fund...

Luxury electric vehicle manufacturer Lucid Motors announced a substantial capital infusion of $1 billion from a Saudi Arabian Public Investment Fund (PIF) affiliate, leading to an approximately 8% surge in the company's stock value.This significant backing from the sovereign wealth fund marks a pivotal edge for Lucid in the competitive landscape of electric vehicle (EV) startups seeking financial stability.With a...

The Saudi Fund for Development (SFD) has taken a significant step forward in promoting sustainable energy in Pakistan with the signing of two pivotal agreements. The CEO of SFD, Sultan Abdulrahman Al-Marshad, and Dr. Kazim Niaz, the Secretary of Pakistan's Ministry of Economic Affairs, have inked deals that will pave the way for the creation of the Shounter and Jagran-IV...

As Saudi Arabia embarks on its ambitious economic transformation plan dubbed 'Saudi Vision 2030', it has become clear that oil revenues alone are insufficient to fund the extensive investments that the initiative demands. To propel the diversification of its economy, the Kingdom is turning to the international debt market to support its grandiose projects, including the construction of the hyper-futuristic...

At the prestigious Ritz-Carlton Moscow Hotel, PIF Managing Director Yasir bin Othman Al-Rumayyan made an appearance during the Russian-Saudi Investment Forum.In a significant development, Saudi Arabia's Public Investment Fund (PIF) is reportedly in advanced discussions with the prominent American venture capital firm Andreessen Horowitz to establish a substantial fund aimed at artificial intelligence ventures, with the goal of raising $40...