Sultan Holding News Today

Operator Zain KSA has announced a strong Q3 2023 financial performance driven, in part by tower-related business.

CAIRO: Saudi Arabia’s startup ecosystem took a giant leap in the world of funding and venture capital with seven investment firms earmarked $636 million to stimulate innovation and entrepreneurship in the Kingdom. The announcements were made during the LEAP2023 held in Riyadh last week. Saudi and regional venture capital firms launched massive funding programs to support

Saudi Arabia-based dark store grocery delivery startup Nana, has raised $133 million in a Series C funding round led by Kingdom Holding...

Ther funding is now one of the largest investment rounds for Saudi startups

RIYADH: Saudi Arabia’s Tadawul All Share Index marked a pronounced recovery as it rose 110.27 points — or 1.05 percent — on Monday to close at 10,647.18 following the surge in oil prices encouraged by top importer China’s move to reopen its borders. Brent crude LCOc1 was up $2.29, or 2.9 percent, at $80.86 a barrel by 1:50 p.m. Riyadh time, while US West Texas Intermediate

RIYADH: Zain KSA saw its shares jump 4.51 percent, after it transferred ownership of its subsidiary to the Public Investment Fund for the nominal amount of SR10,000 ($2666), renaming it The Golden Lattice Investment Co. Zain’s shares open the week at SR12.98, as of 10:24 a.m. Saudi time. The PIF previously joined with Prince Saud bin Fahad and Sultan Holding Co. in February to

RIYADH: Saudi Arabia’s main index, TASI, ended the first session of the week in the red, with investors remaining concerned about high inflation in the country. The Tadawul All Share Index dipped 0.14 percent to end at 11,405, while the parallel market, Nomu, dropped 0.13 percent to finish at 19,744. Saudi oil giant Aramco ended the session 1.13 percent lower, while Rabigh

RIYADH: Saudi stocks dropped on Wednesday, mirroring a continued decline in oil prices as recession worries intensified. The Kingdom’s real gross domestic product grew by 12.2 percent in the second quarter of 2022 over the same period last year, recording the highest growth in over a decade, revealed data by the General Authority for Statistics. TASI slid 1.1 percent to end

RIYADH: Saudi Arabia’s main index continued to suffer losses due to the continuing decline in oil prices. TASI ended the week’s final trading session on Thursday 0.25 percent lower to reach 11,834, while the parallel market Nomu edged down 0.44 percent at 20,438. Saudi oil giant Aramco fell 0.95 percent, while Rabigh Refining and Petrochemical Co. declined 1.37 percent. The

RIYADH: Zain KSA has received no-objection letters from the Communications and Information Technology Commission regarding the acquisition of tower sites by a Public Investment Fund-led consortium. The PIF previously joined with Prince Saud bin Fahad and Sultan Holding Co. to acquire an $807 million stake in Zain KSA’s tower infrastructure, a bourse filing showed. Saudi CITC