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  • Tough Times for the Saudi Property Market, Study Shows
     

    Saudi Arabia’s Real Estate Market was one of only seven worldwide to show annual price declines in 2Q 2018, according to results released by the Knight Frank Global House Price Index as reported in ArabianBusiness.com. The property market in Saudi Arabia saw a 1.3 percent fall in prices in 2Q 2018, compared with a global […]

     
  • PIF Selects Goldman Sachs, Bank of America Merrill Lynch and Michael Klein Selected to Advise on SABIC sale
     

    Saudi Arabia’s sovereign wealth fund has chosen Goldman Sachs, Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco, sources familiar with the process told Reuters. Citigroup Inc has reportedly won the mandate to advise Saudi Basic Industries Corp (SABIC). Reuters previously […]

     
  • The Star-Studded Line-Up of Speakers for October’s Future Investment Initiative (FII)
     

    The Saudi Arabia’s Public Investment Fund (PIF) annual Future Investment Initiative conference has listed an impressive roster of confirmed speakers for the event, taking place on October 23-25 in Riyadh. The second-annual Future Investment Initiative (FII) will be held on October 23-25 in Saudi Arabiaand “serve as a platform to drive expert-led debate, discussion, and partnerships among the […]

     
  • Aramco Officials Begin Early Talks with Banks for SABIC Stake Financing, Report Says
     

    Saudi Aramco officials began early talks with banks about a potential debt financing of up to $70 billion to back its acquisition of a majority stake in Saudi petrochemical firm Sabic, Reuters reports, citing banking sources. JPMorgan and Morgan Stanley were picked to advise on Saudi Aramco’s plan in July. Aramco is looking at the 70% strategic stake in Sabic which […]

     
  • PIF Picks All-Star Investors for FII Advisory Board
     

    Saudi Arabia’s Public Investment Fund (PIF) has formed an advisory board of 11 top technology, finance and business executives that will provide strategic guidance on developing the kingdom’s Future Investment Initiative as a platform that attracts investment. The advisors include Masayoshi Son, the CEO of Japan’s SoftBank Group, Joe Kaeser, the president and chief executive of German industrial […]

     
  • SAMI CEO Gives Interview to DefenseNews.com: ‘SAMI itself is acting as a kind of active holding company’
     

    The CEO of Saudi Arabian Military Industries (SAMI) recently gave an interview with DefenseNews.com about how the organization works within Vision 2030 to develop the Kingdom’s future defense industry. Localizing Saudi Arabia’s military industry is a key part of the Kingdom’s ambitious social and economic reform plans. “SAMI itself is acting as a kind of active […]

     
  • Saudi Arabia’s PIF Seeks $11 Billion Loan, FT Reports
     

    Saudi Arabia’s Public Investment Fund (PIF) is set to choose international banks to lend the wealth fund $11 billion, according to a report in the London-based Financial Times. The FT reports that there is strong interest from major international lenders in participating in the loan to the PIF, including “[s]ome of the most senior names in international banking, including JPMorgan’s Jamie Dimon, Morgan […]

     
  • Saudi PIF in talks to invest in aspiring Tesla rival Lucid
     

    Saudi Arabia’s Private Investment Fund (PIF) PIF, is reportedly in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter told Reuters on Sunday. A potential investment in the privately-held Lucid Motors presents the PIF an opportunity to own a controlling stake in an electric carmaker at a fraction of the cost of its rumored […]

     
  • Saudi Arabia’s Fiscal Deficit Narrows Dramatically, Jadwa Investment Report Finds
     

    Saudi Arabia’s total government revenue soared in Q2 2018 compared with the same period last year, according to a recent report by Jadwa Investment. Revenue jumped to SR273 billion ($72.7 billion) in Q2 2018, up by 67 percent, or SR110 billion ($29.3 billion), year-on-year. Non-oil revenue saw a rise of 42 percent year-on-year, and government oil […]

     
  • Conflicting Reports on PIF Interest in Massive Tesla Stake
     

    Conflicting reports have surfaced on the interest level of Saudi Arabia’s sovereign wealth fund in purchasing a large stake in Tesla, which could enable the electric car company founded by Elon Musk to go private. Saudi Arabia’s Public Investment Fund (PIF) is “working to be part of any investor pool that emerges to take Tesla private,” Bloomberg News […]

     

MUST-READS

  • Saudi mining investment jumps 36 percent in Q1; Total private investment put at $30.2bln

    Investment in Saudi Arabia’s lucrative mining industry jumped by nearly 36 percent in the first quarter of 2021 following a decision to restructure the sector to attract capital, a Saudi official was quoted on Sunday as saying. The Industry and Mineral Resources Ministry issued 478 permits for investment in the mining sector in the first quarter, the highest since the first quarter of 2020, the Ministry’s spokesman Jarrah bin Mohammed said.

  • Saudis’ investment in US equity slow down in Q2 of 2021

    Despite the fall in the second quarter, trading in US equity witnessed a huge jump since the start of 2020. The trading of the third quarter of 2020 is the highest recorded so far, as it exceeded SR100 billion, the data showed. The Saudis’ trading in the US stock market during the past year 2020 recorded historical levels at SR323.4 billion, compared to transactions that amounted to about SR45.8 billion in the year preceding 2019.

  • Saudi National Bank’s investment arm and BNY Mellon to bring global securities services in KSA

    SNB Capital, the investment banking arm of Saudi National Bank, has partnered with global investments company BNY Mellon to offer global securities services to institutional and large asset owners in Saudi Arabia. The new service, which was a follow-up on the pair’s announcement in October last year, will address demand to adopt global practices in asset management, brokerage, and custody functions in the Kingdom.

  • Saudi Arabia Studies Fisheries Investment Project in Somalia

    The Saudi General Authority for Foreign Trade (GAFT) had filled in the Kingdom’s private sector on available opportunities in Somalia and provided it with a detailed study for fishery investments in the republic, sources added. For its part, Somalia reported that it has many comparative advantages, boasts the largest seacoast in Africa, and ranks first in exporting livestock and fish.

  • Energy giant Saudi Aramco leads €5m investment in Irish company

    Saudi Aramco Energy Ventures co-led the investment in partnership with Progress Tech Transfer, a Luxembourg-based fund specialising in sustainable technologies.

  • Saudi AI startup Intelmatix secures investment from STV and Sultan Holdings

    Founded in 2021 by a group of MIT graduates led by Anas Alfaris and Ahmad Alabdulkareem, Intelmatix provides both public and private sectors with accessible AI and advanced analytics that delivers technologies to improve operations, productivity, growth, and sustainability. Intelmatix’s technology currently focuses on “location intelligence” which maps the relationships between spatial, social, economic, and demographic data and makes predictions using AI and advanced analysis to solve problems of “where, what, when?”. It gives previously unavailable insight for high-stakes business decisions, such as choosing the most profitable location for a new branch, the best land to invest in, or where to optimally place storage and operations centres for logistics companies.

  • Saudi Arabia’s Public Pension Agency reports 9.5% return on investments in 2020

    A report carried by Argaam said the agency’s annual investment report showed PPA’s investments in 77 listed firms. Al-Rai’dah Investment Co. (RIC), the agency’s investment arm, manages its investments. The PPA’s investments are distributed in most countries, both in developed and emerging markets. The agency is also a strong investor in the Saudi market, which constitutes more than 50 percent of its portfolio.

  • 2021 Investment Climate Statements: Saudi Arabia

    In recognition of the progress made in its investment and business climate, Saudi Arabia’s rankings on several world indexes improved between 2019 and 2021. The country jumped 13 places on the IMD World Competitiveness Yearbook 2019, the biggest gain of any country surveyed, and increased two more spots in 2020 to 24th place, supported by improvements to government and business efficiency. The World Bank ranked Saudi Arabia the world’s top reformer and improver in its Doing Business 2020 report. The Kingdom rose 30 places, from 92nd to 62nd, and improved in 9 out of 10 areas measured in the report.

  • Women in Venture Capital: “We don’t need to fix women—we need to fix the system,” says Middle East investment executive

    This workshop is part of the Igniting Women’s Entrepreneurship and Innovation in Saudi Arabia program led by the Atlantic Council’s empowerME Initiative in partnership with the US Mission to Saudi Arabia, the American Chamber of Commerce Saudi Arabia, and Quantum Leaps.

  • McLaren receives $760m investment from Saudi Arabia, Bahrain

    McLaren has been hit particularly hard by the pandemic, resulting in the company previously having to shed 25% of its workforce, sell a third of its Formula One team, and sell its famous Woking, United Kingdom, headquarters in a lease-back deal.