The growing data segment and ongoing cost-cutting initiatives are the near-term drivers of Saudi Arabia’s telecom sector while the attractive dividends yield of 4.3 per cent is the sector’s key attraction, a report said.
Housing programmes launched by Saudi Arabia’s Ministry of Housing and the positive outlook for real estate financing remain key drivers of the kingdom’s real estate market, said an industry expert.
“The sector co
Saudi-based NCB Capital, one of the region's largest asset managers, has successfully closed subscriptions to its AlAhli Sedco residential development fund after exceeding its target of SR350 million ($93.2 million).
Saudi Arabia's National Commercial Bank (NCB) has appointed Sarah Al-Suhaimi as chief executive of its investment banking arm, sources aware of the matter said, the first time a woman has been named to head an investment bank in the kingdom.
NCB Capital, Saudi Arabia's largest asset manager, has joined hands with Jeddah-based Sedco Development to launch a residential development fund offering opportunity for capital growth by investing in developing residential units.
Higher prices and improved demand outlook are expected to increase the 2014 year-on-year earnings of top 10 Saudi Arabian petrochemical companies to SR42.5 billion ($11.3 billion), a report said.
The sector will also benefit from
NCB Capital, the largest asset manager in Saudi Arabia, has launched a new Shariah-compliant open-ended equity fund investing in shares of companies around the world with a solid track record of dividend distribution.
NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has appointed Tariq Linjawi as acting CEO.
This follows the decision of Jawdat Al Halabi to leave the firm.
Strong macroeconomic drivers of Saudi Arabia keep the long-term outlook of the real estate sector positive, said a new update released by NCB Capital, the GCC’s leading wealth manager and the kingdom’s largest asset manager.
The long-term outlook of the Saudi food and agriculture sector remains strong with capacity expansions at major food companies Savola and Almarai aiming to capture this growth, a report said.
“We remain Overweight on Savola