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The listing of Saudi Arabian Oil Co. in 2019 was a historical moment for Saudi Arabia and became the catalyst for accelerated activity in the Kingdom’s capital markets. The world’s largest initial public offering valued the company at $1.87 trillion on its first trading day, propelling the Saudi Exchange into the global limelight and stimulating interest in the region’s
While Saudi Arabia’s fintech sector presents opportunities for entrepreneurs, VC investors and consumers, there are specific, long-standing challenges hindering the market’s full potential.
Saudi Arabia's Ministry of Finance,and the National Debt Management Center signed an agreement with the international banks, including BNP Paribas, to join primary dealers in government debt instruments. The deal also includes CitiGroup, Goldman Sachs, Standard Chartered and J.P. Morgan, the ministry said in a statement released on Oct 3.
RIYADH: Saudi Arabia’s financial sector aims to increase the total assets of the banking sector to over SR4.5 trillion ($1.2 trillion) by 2030, the Kingdom’s Minister of Finance said. During his speech on the occasion of the 92nd National Day, Mohammed bin Abdullah Al-Jadaan added that the total banking assets amounted to SR3.5 trillion by the end of the second quarter of
Saudi Electronic Info Exchange Company (Tabadul), a leading provider of innovative digital and smart financial services, has signed a memorandum of understanding (MoU) with Fintech Saudi initiative in Riyadh.