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Aggregate net income of Saudi top 10 listed banks rose 6.3% q-o-q in 1Q 2025 to SAR 22.2 bn
Author Archives: enterpriseam admin
Posted inBANKING
Net foreign assets rise to surplus of SAR 1.5 tn in May
The rise was driven by an improved foreign asset position from Sama
Posted inCAPITAL MARKETS
Foreign + regional investors were bullish on local equities last week
Foreign investors saw net purchases worth SAR 1.2 bn on the main market, while local investors led selling action
Posted inINFRASTRUCTURE
PIF’s NWC kickstarts 23 water + sewage projects in Madinah
The projects aim to expand and improve service coverage
Posted inAVIATION
Saudi Arabia sees air carrier + airport complaints inch up in May
Flynas and King Khaled International Airport logged the lowest complaint rate during the month
Posted inSTARTUP WATCH
Jadwa backs PetroApp with USD 45 mn ahead of IPO
The funding will support PetroApp’s planned 2028 IPO
Posted inEARNINGS WATCH
PIF’s net income falls despite AUM rising in 2024
The fund’s total assets climbed to SAR 4.3 tn last year
Posted inALSO ON OUR RADAR
Anti-dumping duties on Chinese and Taiwanese steel pipes take effect
stc awards SAR 157.6 mn private cloud contract to its Solutions subsidiary
Posted inPLANET FINANCE
USD bns of capital cross the Atlantic as investor confidence in the US wanes
Outflows from US equity funds have doubled YTD, while inflows in Europe hit USD 100 bn