Cover Story

PPPs in Saudi Arabia – the talk of the town

Economic and fiscal challenges across the GCC, exacerbated by the low oil price environment, are driving the development of new channels to meet urgent infrastructure and energy requirements. Public private partnerships (PPPs) are one of the most...


Debt Capital Markets

Debt Capital Markets: Disappointment in sovereign debt sale fails to dampen corporate enthusiasm

The biggest news for the Saudi debt capital market is of course October’s record US$17.5 billion sovereign debt issuance – the biggest ever bond sale from an emerging market nation.  Although the size of the sale was unprecedented, demand...


Equity Capital Markets

Equity Market: Turbulent times for Saudi stocks

The equity market in Saudi Arabia has had a volatile month, with both good news and bad. Year-to-date the Tadawul All Share Index (TASI) is down -5.24% (as of the 21st November). The past few months have been particularly turbulent – overall as...


Asset Management

Asset Management: Diversification drive dominates

It has been a busy time for Islamic asset management in Saudi Arabia, as domestic firms seek to diversify away from hydrocarbons and foreign investors look to enter the market and take advantage of new opportunities. With new regulatory changes,...


Takaful

Insurance: Islamic insurance sees surge in Saudi market despite external pressures

The Saudi insurance sector has seen a surge in the first nine months of the year, with earnings of Saudi insurance companies up 100% over the same period in 2015 and firms expected to record a 104% profit rate in comparison to last year, according...


Islamic Retail

Retail Banking: Profitability concerns as liquidity squeeze continues

Despite profitability concerns over the past year as declining oil prices, liquidity issues and declining deposit bases squeeze retail banks in Saudi; the past few months have seen a positive trend – with ratings agency data indicating a positive...


Case Study

SIPCHEM’s Sukuk: A testament of confidence in the Saudi Arabian petrochemical sector

Despite a difficult operating environment in the oil and gas industry, the Saudi International Petrochemical Company (Sipchem) this summer successfully sold a SAR1 billion (US$266.54 million) five-year Sukuk. The facility was offered privately and...


Interview

Professor Rifaat Ahmed Abdel Karim, CEO of IILM and recipient of Malaysia’s Royal Award for Islamic Finance 2016

There are very few in the global Islamic finance industry whose reputation or resume could be as impressive as that of Professor Rifaat Ahmed Abdel Karim. He has led the creation and development of three international Islamic finance organizations...


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.