Thursday Saudi

Our team of reporters in Saudi Arabia is always on the move, fuelled solely by Kahwah. Bringing you fresh, exciting coverage and stories you care about—straight from the heart of the Kingdom.
Business

Saudi telco STC beats expectations, boosts dividends

Saudi Telecom's net profit has dipped but has also outperformed expectations, while revenue grew and annual dividends surged, reflecting strategic investor confidence.
Business

PIF inks major MoUs with State Street, Brookfield, Mizuho, FII to boost Saudi asset management

Saudi Arabia’s Public Investment Fund has signed MoUs with the Future Investment Initiative and global financial firms State Street, Brookfield, and Mizuho in order to collaborate on elevating the Kingdom's wealth fund asset management portfolio.
Business

Saudi wealth fund backs Brookfield’s $2bn push into Middle East

Saudi Arabia’s PIF partners with Brookfield on a $2 billion fund, sparking fresh investments and innovation across the kingdom, with Brookfield expanding its Riyadh footprint to boost local growth.
Business

Saudi Aramco picks Lahore for its first branded petrol station launch in Pakistan

Saudi oil giant Aramco has launched its first branded petrol station in Pakistan's Lahore, delivering premium fuel and services to Pakistan, and sparking a fresh chapter in the country’s fuel industry, boosting Saudi investment ties.
Economy

Islamic Development Bank floats €500mn sukuk in dual Dublin and Dubai listings

The Islamic Development Bank’s €500 million sukuk, priced at mid-swaps +50 bps, finds strong demand and listings on Euronext Dublin and Nasdaq Dubai, advancing its Trust Certificate Issuance Programme.
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