Cover Story

All aboard! Saudi boards the fintech train

Saudi Arabia has been slow to jump on the fintech bandwagon compared to neighboring jurisdictions such as Abu Dhabi, Bahrain and Dubai, all of which have already staked their claim as regional fintech hubs. But with a surge of news emerging from...


News Briefs

News Brief

A summary of all the latest Islamic finance news in the Kingdom and from around the world with a direct impact on the Saudi Arabia market.


Capital Markets

Capital Markets

AL MAZRAA RENEWS ISLAMIC FACILITIES Saudi Marketing Company (Al Mazraa Markets) has renewed two Islamic financing facilities with two different banks. The first facility is a SAR100 million (US$26.64 million) Islamic banking facility with Al Rajhi...


Banking

Banking

STANDARD CHARTERED LOOKS AT SAUDI LICENSE Standard Chartered is reported to be in talks with regulators in Saudi Arabia to understand the requirements to get a license to open branches in the Kingdom. The lender already has a license from the...


Moves

Moves

S&P LAUNCHES IN SAUDI Following the receipt of its final license from Saudi Arabia’s Capital Market Authority, S&P Global Ratings has opened a branch in Riyadh and has become the first international credit rating agency to be licensed to...


Sovereign

Sovereign

NEW SOVEREIGN SUKUK Saudi Arabia will float domestic Sukuk in both November and December 2017, according to the Debt Management Office (DMO). The Kingdom may also issue a new US dollar-denominated international Sukuk or bond facility in the first...


Debt Capital Markets

Sovereign issuance continues to support local debt capital market

Lending and debt activity picked up in October as the fourth quarter rolled around and both the public and private sector look to soak up final funding before the year ends. With the sovereign leading the way in both international and domestic...


Equity Capital Markets

A bad month for Tadawul, but prospects improve on the back of Aramco IPO

It was a tough month for the Saudi stock exchange, with Tadawul falling by a steep 5% in the first 10 days of October before flatlining to finish the month 4% down overall. Total equity market capitalization was also down to SAR1.64 trillion (US....


Takaful

Only the strongest will survive? Authorities crack down on Saudi insurers

It has been a tough month for the Saudi insurance market as the regulator cracks down on a perceived lack of compliance within the industry, while the central bank is reported to be preparing a new set of rules with the target of streamlining the...


Banking

Positive outlook for Saudi banks as liquidity improves

Saudi Arabia has one of the top five banking systems in the world, according to finance minister Mohammed Al-Jadaan, speaking at a recent seminar. And with liquidity finally returning to the banking system as oil prices improve and public sector...