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Author Archives: enterpriseam admin
Posted inECONOMY
Saudi GDP grows 1.3% in 2024, buoyed by non-oil activities
The Kingdom’s real GDP grew 4.4% y-o-y in 4Q 2024, the highest in two years
Posted inECONOMY
Another A+ from Fitch
The ratings agency projects a “strong and resilient” non-oil sector
Posted inDEBT WATCH
Lendo secures USD 690 mn facility led by JP Morgan
The funding will be earmarked to boost Lendo’s lending capacity
Posted inBANKING
Saudi banks’ loan books grew 14.4% in 4Q 2024
Residential mortgages issued by banks to individuals totaled SAR 11.9 bn in December
Posted inEARNINGS WATCH
Jarir Bookstore posts SAR 974 mn in net income for 2024
PLUS: East Pipes Integrated saw its net income increase 237.2% y-o-y in 9M 2024
Posted inALSO ON OUR RADAR
Educhain acquires India-born schools management platform Rarome
PLUS: Sumou Real Estate to build Riyadh and Dammam projects
Posted inPLANET FINANCE
European Central Bank cuts rates amid stalled growth
Markets expect at least three more reductions this year