Al Rajhi completes first Sukuk; size increased to SR6.5bn
Saudi Arabia’s Al Rajhi Bank has announced that it has successfully completed the issuance of Saudi Riyal denominated Tier 1 Sukuk.
Source: tradearabia.com
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Venture capital in Saudi Arabia grows by 270% to SR2.055bn in 2021
The Kingdom advanced from the third to the second rank among Middle East and North African countries in terms of the total value of venture capital, accounting for 21% of the total investment value in the region up from its share of 15% in 2020.
Source: saudigazette.com.sa
Monsha'at sees 884% increase in SME borrowing
Monsha’at, Saudi Arabia’s General Authority for Small and Medium Enterprises (SMEs), yesterday announced an 884 percent year-on-year increase in SME borrowing on Funding Gate (Tamweel), the online financing platform. While Monsha’at does not lend directly, Funding Gate provides an automated lending platform that aggregates financial products and expedites the delivery of
Source: arabnews.com
Saudi fintech investment jumps as regulators set 2021 landscape
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Source: zawya.com
Saudi Economy: Moving Towards the Goal
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Source: aawsat.com