Cover Story

Just what the doctor ordered: Healthcare projects provide shot in the arm for Saudi investment story

The Saudi healthcare market is the largest in the GCC, and with US$32 billion allocated to the sector from the 2017 Budget, spending is set to soar. As firms outside the Kingdom jostle for opportunity, Saudi firms are also turning their appetites...


Debt Capital Markets

A spate of financing as the sovereign Sukuk approach

The Shariah compliant debt capital market has seen a busy month, with a multitude of financings issued in advance of the two massive government and government-related Sukuk expected in the coming months. Although few corporate Sukuk have hit the...


Equity Capital Markets

Foreign interest grows on the back of new reforms; institutional players dominate the stock exchange

Tadawul gained 28% during Q4 to hit an eight-month high in December 2016, according to Al Rajhi Capital in its latest report – driven by aggressive mutual fund buying along with optimism around the successful bond issuance and upcoming sovereign...


Takaful

Changes afoot for the Saudi health insurance sector

Health insurance is a key growth target for Islamic insurers in Saudi, with estimates of around 2.5 million citizens working in the private sector with no medical cover. As the Cooperative Health Insurance Council focuses on expanding its provision...


Banking

Confidence builds in Saudi banking sector; attracts international players

Global investor confidence is returning to the Kingdom amid expectations that the economy is well on the road to recovery: leading to improved liquidity conditions for banks and renewed optimism for profitability and performance. Moody’s...


Asset Management

Foreign partnerships and pastures new: Saudi Arabia looks outwards

The past month has been marked by a plethora of investments, funds and joint ventures by Saudi Arabia into new markets as the Kingdom seeks to diversify its asset base and firms look to leverage the improved economic conditions. From the Middle...


Project Finance

Beleaguered Binladin Group offered yet another extension of its Islamic facility

Saudi Binladin Group has had a rough couple of years – falling from grace as one of the Kingdom’s favoured contractors for state projects to struggle through cash flow crises, severe job cuts, financing problems and multiple extensions to...


Interview

Mega projects set to be funded through Shariah compliant structures, says NCB

This month we chat to MANSOOR DURRANI, senior vice-president and head of project finance at National Commercial Bank (NCB), to find out the latest trends and upcoming outlook for infrastructure financing in Saudi Arabia. Despite the current...


News Briefs

News Briefs

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.