Saudi Arabia issues $5bn in dollar-denominated sukuk, says report
Saudi Arabia has reportedly raised $5bn from the sale of dollar-denominated sukuk as the kingdom seeks to plug its budget…
Hedge Funds & Alternative Investments
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Saudi PIF-backed SRC extends refinancing with ANB
The Saudi Real Estate Refinance Company (SRC), a wholly owned subsidiary of the sovereign-backed Public Investment Fund (PIF), has extended…
Private aviation soars in Saudi Arabia as more businesses take to the skies
Saudi Arabia’s business aviation sector is experiencing a surge fueled by the Kingdom’s expanding economy, significant government investment on infrastructure,…
Saudi EXIM Bank signs 2 agreements with Japan’s SMBC and MUFG banks
On the sidelines of the Saudi-Japan Vision 2030 Business Forum in Tokyo, Saudi EXIM Bank signed two cooperation agreements with…
Family offices increase allocation to fixed income in hunt for yield – UBS
Family office investments in fixed income or bonds have increased at their fastest rate in five years as the world’s…
UAE, Saudi Arabia lead MENA with green bonds issuance of $15.4bln in 2023
Green bond issuances in the Middle East and North Africa (MENA) more than doubled to $15.5 billion in 2023, driven…
Saudi fintech firm Rasan’s $224m IPO oversubscribed 129.1 times
Saudi Arabia fintech firm Rasan said on Tuesday that it has attracted $29bn (SAR108.6bn) in investor orders for its initial…
UAE: Most employees have a second job or business, expert says
In the UAE private sector, it is not uncommon for employees to have a side hustle. Recruitment experts said it…
ADGM's financial regulator fines Sarwa Digital Wealth (Capital) Limited $122,500
The Financial Services Regulatory Authority of Abu Dhabi Global Market has imposed a financial penalty of USD 122,500 (AED 449,881)…
ANB approves 33.33% capital hike to SAR 20B, 5M share buyback
Shareholders of Arab National Bank approved the board's recommendation on raising capital by 33.33%, during the extraordinary general meeting (EGM)…
Apex Group expands across the Middle East with new Kingdom of Saudi Arabia office
Global financial services provider, Apex Group, has launched a new office in the Kingdom of Saudi Arabia, further expanding its…
Housing Ministry to launch real estate asset management firm soon in Egypt
The Ministry of Housing, Utilities, and Urban Communities is currently working on setting up a company for managing real estate…