 |
MSCI inclusion to boost investment in Saudi equitySaudi Arabia’s likely inclusion in MSCI’s Emerging Market (EM) index in June will help the country attract billions of dollars in its equity market, said a new report from Al Rajhi Capital, a top financial services provider in the ki More… |
 |
Al Rajhi Capital launches $431m REIT IPOAl Rajhi Capital, a leading financial services provider in Saudi Arabia, has launched the initial public offering (IPO) of its Al Rajhi Real Estate Investment Traded Fund (REIT) which will have a fund size of SR1.62 billion($431.6 million). More… |
 |
Saudi Cement net profit down 37pc in Q1Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter which fell to SR165 million ($44 million) from SR265 million ($70.5 million) last year owing to the drop in sales volume and sale price as a result of slugg More… |
|
Saudi Cement net profit down 37pc in Q1Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter which fell to SR165 million ($44 million) from SR265 million ($70.5 million) last year owing to the drop in sales volume and sale price as a result of slugg More… |
 |
Oil: Near-term recovery possible, but Opec deal keyThere may be supply side risks to the oil market in 2017 in the absence of extension of the Opec output cuts or if US production picks up and without extension of the Opec deal, the market could into surplus in the medium term, a report said. More… |
 |
Weak cement sales continue in Saudi ArabiaTotal cement sales in Saudi Arabia fell 19 per cent year-on-year (y-o-y), but grew 16 per cent month-on-month (m-o-m) to 4.7 million tonnes in March. Clinker production came in at 4.6 million tonnes during March, down three per cent y-o-y, a rep More… |
 |
Saudi cement sales may slide furtherCement sales in Saudi Arabia continue to remain weak and recent data could indicate further downward revision to market estimates of demand and sector earnings for 2017, a report said. In the first two months of 2017, sales volume More… |
 |
Saudi cement sales down 16pc in JanuaryTotal cement sales in Saudi Arabia fell 16 per cent year-on-year to 4.78 million tonnes in January, highlighting a weak demand on an annual basis, said a report by top Saudi lender Al Rajhi Capital. However, the sequential 11.3 pe More… |
 |
Net income of Saudi companies drops 2.1pc in Q3Net income of Saudi listed companies declined 2.1 per cent year-on-year (y-o-y) during the third quarter (Q3) of 2016, but remained almost flat sequentially on an aggregate basis indicating resilience in view of the current economic challenges, More… |
 |
Al Rajhi Capital fund raises $155mAl Rajhi Capital, one of the largest investment firms in Saudi Arabia, has announced the successful closing of a private placement subscription for the Al Rajhi European Real Estate Fund focusing on logistics after raising SR581 million ($155 mi More… |
