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One fifth Saudi firms to fall under 'Red Zone'One in five private companies operating in Saudi Arabia are likely to fall under the 'Red' zone as they are a long way away from meeting the Saudization targets, said a report citing officials from Ministry of Labour. The report co More… |
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Consolidation of Saudi firms seenThere are many drivers for consolidation of Saudi companies but significant challenges exist, says a study. The study by NCB Capital, Saudi Arabia’s largest investment bank and leading GCC wealth manager, said vertical consolidation is mor More… |
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More Saudi firms to tap short-term sukukThe successful sale on Saturday of a nine-month corporate Islamic bond will encourage similar issues in Saudi Arabia where access to longer-term financing is tight, said senior HSBC officials. HSBC's Saudi affiliate advised and managed the More… |
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Rough road 'ahead for Saudi firms'Improving economic conditions could take some time before they reflect on Saudi firms' bottom line, according to a survey by Banque Saudi Fransi. Almost half of 824 surveyed firms expect inflation to rise in the coming two quarters and More… |
