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  • Markets Rattled by Saudi Shake-Up, Rising Regional Tensions
     

    Rising tensions between Saudi Arabia and Iran, as well as the kingdom’s crackdown on corruption last week that has seen over 200 jailed and $100b in assets frozen, have rattled markets in the region and kicked off efforts for wealthy Saudis to move money abroad, according to reports. In Lebanon, where tensions are escalating between the two […]

     
  • UK Government Agrees to $2b Loan Guarantee For Saudi Aramco
     

    The U.K. government agreed to a $2 billion loan guarantee for Saudi Aramco as competition to host the likely largest in history IPO heats up, according to Bloomberg. “The unusually large export credit guarantee, designed to finance the purchase of British goods, will be seen by many as an attempt to help woo the IPO to the […]

     
  • Trump Tweets U.S. Interest for Aramco IPO, but can the NYSE Compete?
     

    President Donald Trump used his Twitter account to encourage Saudi Arabia to list shares of Saudi Aramco on the New York Stock Exchange (NYSE) as markets around the world compete for the sought-after listing. “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United […]

     
  • Investors, Analysts with Mixed Interpretations After Wild Weekend in Saudi Arabia
     

    Investors and analysts are mixed in their reactions after a wild weekend for Saudi Arabia that put the Kingdom into the international spotlight. Within the span of just days, Saudi Arabia said it shot down a missile that nearly hit Riyadh’s international airport, launched a new corruption body that immediately arrested some of Saudi Arabia’s wealthiest international businessmen and […]

     
  • Saudi Arabia Allows Foreign Investors into Local IPOs, Hopes to List Aramco on Tadawul
     

    Foreign investors are now able to participate in initial public offerings (IPO) on companies listed on the Nomu (parallel) market in Saudi Arabia, according to reports based on comments from Saudi Arabia’s Capital Market Authority (CMA) chairman Mohammed El Kuwaiz. El Kuwaiz said Thursday that foreign investors can take part in company flotations when asked about the […]

     
  • What We Know About Neom, Saudi Arabia’s New Planned Mega-City
     

    Saudi Arabia’s new massive planned city, Neom, is set to be the most ambitious undertaking of Saudi Arabia’s ambitious reform plans to-date. Here’s what we know about Neom so far. The new planned city is massive. At 10,000 square miles (26,500 square kilometers), the city extends across the borders of three countries, the first special […]

     
  • Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]

     
  • Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
     

    Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]

     
  • Media Conglomerate Saudi Research and Marketing Group Acquires Stake in Argaam Financial News Service
     

    The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake in the Argaam Investment and Trading Company, which publishes an online financial news service Argaam.com, according to reports. SRMG Chairman Prince Badr bin Abdullah Al-Saud said the acquisition “will help pave the way to a “brighter future” for the digital content industry in […]

     
  • Saudi Aramco Denies Financial Times Report on Shelving Long-Awaited IPO
     

    Saudi Aramco has denied a report in the London-based Financial Times that the state-controlled company will shelve its plans to list part of the company on international indices in favor of private placements. The Financial Times reports that talks about “a private sale to foreign governments including China and other investors have gathered pace in recent […]

     

MUST-READS

  • Saudi Arabia generates $382.9m in investment banking fees

    Saudi Arabia, along with the UAE, generated two-thirds of the investment banking fees in the Middle East and North Africa (MENA) last year, accounting for $382.9 million and $433.9 million, respectively, despite the slowdown as a result of the coronavirus (COVID-19) pandemic.

  • Crown prince: $6 trillion of investment opportunities available in Saudi Arabia over next decade

    Speaking at a strategic dialogue virtual event held by the World Economic Forum, the crown prince said $3 trillion of those investments would be in new projects as part of opportunities offered by the Vision 2030 reform program.

  • 4th Edition of the Future Investment Initiative held under the theme of “The Neo-Renaissance” – A multi-hub conference on the rebirth of the global economy

    The FII Institute, a newly established non-profit global foundation, will host the conference on January 27-28 at the King Abdul Aziz International Conference Center (KAICC) in Riyadh, with speakers and audiences joining physically and virtually from FII satellites in New York, Paris, Beijing and Mumbai. The FII Institute will act as the curator of a global conversation that is needed to spark concrete actions and mobilize cross-border thought leadership, collaboration and resources.

  • Saudi Arabia approves new mining investment law

    The Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has approved the implementation of a new mining investment law, following its approval by the Council of Ministers last June. The law came into force on 1 January 2021.

  • Saudi Arabia approves new mining investment law

    Minister Al’Khorayef highlighted that while the new mining law clarifies the roles and responsibilities of new investors in Saudi mining projects, it also greatly improves the ease of doing business by digitising the process for issuing new mining licenses, streamlining license approvals, and transparently publishing records related to all mining licensing activity.

  • Saudi Arabia Sees Foreign Investment Boost From India, Egypt

    Saudi Arabia granted 20% more foreign investment licenses in the third quarter compared to the same period last year, with India and Egypt driving the increase despite efforts to attract American and European interest. The kingdom licensed 306 new foreign projects from June to September, compared to 254 in the corresponding quarter of 2019, according to data released Tuesday by the Ministry of Investment.

  • Hollywood Directors Russo Bros. Received Close to $50 Million Investment From Saudi Arabia

    The Russo brothers, directors of the all-time top grossing film “Avengers: Endgame,” quietly secured a roughly $50 million cash infusion for their production company AGBO from Saudi Arabia earlier this year, multiple sources tell Variety. In a deal brokered and closed at the beginning of the pandemic, the Russos received the investment from an undisclosed Saudi bank in exchange for a minority stake in the brothers’ Los Angeles-based shop. The money is earmarked to help fund development, production and overhead, two people familiar with the transaction said.

  • KSA’s investment plans in India on track: Saudi envoy to India

    The Saudi envoy to India also referred to the decision by Saudi Public Investment Fund (PIF) to invest approximately $1.3 billion in Reliance Retail and $1.5 billion in Reliance's Jio platforms. "Saudi Aramco is committed to investing in India's energy sector. Aramco's decision to buy a stake in Reliance Industries' oil-to-chemical business and Aramco's commitment to invest in the West Coast refinery petrochemical project signifies the interest Saudi Arabia places in the development of India's energy sector,"

  • Saudi Budget Forum promises increased stability in oil, tourism and investment sectors

    While tourism accounted for 10 percent of global GDP, the minister said the tourism sector contributed 3.5 percent to the Kingdom’s GDP, but he was “confident” that would change soon. “During our summer season, after quarantine, hotel occupancy went from 10 percent to 80 percent,” he said.

  • Saudi real estate fund makes Californian investment

    Real estate investment trust Riyad REIT has invested SR92.5 million ($24.66 million) in an office building in California, according to a bourse statement on Sunday. The building in Irvine, part of the Los Angeles metropolitan area, is located on a 32,000 square meter site, part of the Broadcom Corporate Campus located next to the Irvine Spectrum Center, a popular retail and dining destination.