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Ades Holding net income down in 1Q 2025
Ades Holding’s net income dropped 2.1% y-o-y
Net FDI inflows fall 13% y-o-y in 4Q 2024
Net FDI inflows eased to SAR 22.1 bn in 4Q 2024
Nqoodlet lands USD 3 mn in seed funding round + Tuba raises USD 8 mn in pre-seed round
Nqoodlet’s round was led by Wa’ed Investments, with backing from Omantel and others
Debt capital market to exceed USD 500 bn by year-end - Fitch
The domestic debt capital market grew 16% y-o-y to USD 465.8 bn in 1Q
PIF closes USD 1.25 bn sukuk offering with 6.5x oversubscription + Banque Saudi Fransi raises USD 650 mn in AT1 bonds
The Kingdom is expected to borrow heavily this year
PIF sells USD 1.25 bn in 7-year USD-denominated sukuk
The issuance was priced at 110 basis points above US treasury bonds
Stanhope Capital partners with PIF’s GIB for Saudi expansion. PLUS: I-Squared plans to open a Saudi office this year
Stanhope will strategically partner with GIB to serve clients in both companies' operating regions
Golden Chicken taps Safeer for solar plant installation
ALSO- The Director’s Program by Red Sea Labs will kickstart Tuesday, 29 April
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