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Preliminary work tenders for King Salman International Stadium go live
Plus: Snowflake plans to invest USD 300 mn by the end of the decade
A busy day on the earnings front
Companies and banks reported their 3Q earnings, with results reflecting mixed performances
Houthi attacks likely to delay Saudi investment decisions rather than kill projects, Oxford Economics says
With de-escalation to be the key to restoring investor confidence
THIS MORNING: Saudi’s Future Investment Initiative gets postponed to 2027
Plus: PIF is arranging sponsorship agreements to pay off Al Nassr’s debt
Future Investment Initiative gets postponed to next year
Future Investment Initiative is now being cancelled after it was supposed to be held this month
Moody’s sees Saudi Arabia reprioritizing toward projects that generate liquidity sooner
More advanced projects like some Red Sea assets are better placed to throw off cash while earlier-stage ones such as…
THIS MORNING: FII is going hybrid
Plus: Houthis vow to keep striking Saudi airports + oil facilities
MIS receives second Humain work order
Plus: Ladun Investment will develop a SAR 339 mn mixed-use project in Riyadh's Al Munsiyah district
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