Cover Story

Sovereign Sukuk and Aramco issuance: A new benchmark for the Saudi market

Two of the biggest deals in Saudi Sukuk history have already hit the market, and we are not even halfway through the year. All eyes were on Saudi last month as both the sovereign and the state oil company issued major Islamic bonds. The deals have...


Debt Capital Markets

Healthy debt market signals strengthening economy

The non-oil purchasing managers’ index (PMI) was up to 57 in February, its highest level in 18 months, and while it declined slightly to 56.4 in March, this still represents a boost of business confidence and an improvement in liquidity,...


Equity Capital Markets

Rules and regulations: Saudi continues to groom its equity market to attract international investors

The Saudi stock exchange has had a turbulent month, shooting up 3.3% to hit 7,099 on the 12th April before falling slightly to end the month up 0.6% on the 25th. It has been a month of reforms and regulations, with Tadawul introducing a range of...


Insurance

Strong results for Saudi Takaful; new trends in auto insurance

Islamic insurance in Saudi is growing from strength to strength, according to the latest figures from the Global Takaful Report 2017, released at the World Takaful Conference in April. But with radical new changes being implemented across the...


Banking

Saudi Arabian banking sector recovering well, despite dip in profits

Banks in Saudi Arabia have seen their liquidity coverage ratios recover and maintained their capital strength despite the liquidity crunch. However, profitability has taken a hit, and is expected to decline still further in 2017 according to the...


Asset Management

Saudi mutual funds hit US$23 billion with Shariah vehicles taking the lion’s share

A new report has sized the total assets under management of Saudi mutual fund managers at over US$23 billion, with over 60% Shariah compliant. With new regulations, increased transparency and a burgeoning REITs sector, the Saudi Islamic asset...


Project Finance

Islamic investors benefit from the boom in Saudi Arabia’s hospitality sector

The hospitality sector is seeing a strong uptick as projects spring up across Saudi Arabia, both from domestic players and international investors. Islamic providers are reaping the benefit of this trend, with a strong foundation of Shariah...


Interview

Interview: Majid Al Gwaiz, general manager – corporate banking group, Al Rajhi Bank

The second-largest lender in Saudi Arabia and the biggest Islamic bank by assets in the world, Al Rajhi Bank’s latest results reported a 10.1% increase in profit for the first quarter of 2017. This month we speak to MAJID AL GWAIZ, the general...


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.