Fitch also cited “significant fiscal buffers” in deposits and other public sector assets
Author Archives: enterpriseam admin
Posted inECONOMY
PMI remains in growth territory despite slowest rate of expansion in two years
Purchase prices recorded the sharpest rise since May 2012
Posted inREAL ESTATE
SNB Capital, Alshegrey launch SAR 1 bn Riyadh-focused commercial real estate fund
Riyadh’s demand for offices is rising
Posted inM&A WATCH
Kazyon expands to Saudi Arabia, acquiring 50% of discount retailer Dukan
Transaction was by an investment by an unnamed sovereign fund
Posted inM&A WATCH
Alinma Bank wraps up acquisition of Tokio Marine’s stake in Arabian Shield Ins
This brings the bank’s stake up to 11.5% after acquiring TMNF’s full stake
Posted inTRANSPORT
Stadler is supplying the Kingdom with next-generation passenger trains
The new trains will help double the annual passengers capacity for eastern trains to more than 3.8 mn passengers
Posted inDEBT WATCH
Saudi Electricity kicks off roadshow for foreign-currency sukuk program
The company has recently redeemed a USD 800 mn sukuk issuance
Posted inDEFENSE
All the best toys from Lockheed, Airbus, and even Boeing
Boeing has submitted an application for a regional HQ in Riyadh
Posted inINDUSTRY
Industrial licenses up 54.4% in December
Investment volume for new licenses were down 17.4% y-o-y in December
Posted inEARNINGS WATCH
It’s earnings season: SNB, Bank Aljazira, Banque Saudi Fransi report results
Results are looking good as the season gains steam