Cover Story

SEC and ACWA: Power giants leverage Islamic finance for 2017 strategy

Both Saudi Electricity Company (SEC) and ACWA Power have major plans to tap the international Islamic debt market - highlighting a seemingly limitless investor appetite for Saudi paper. The upcoming deals mark the first in a long-awaited wave of...

Debt Capital Markets

Saudi could return to local debt market this year; new mortgage plans boost lending market

The vice minister of economy and planning, Mohammed Al Tuwaijri, has confirmed that the government could return to the domestic debt market this year to raise upwards of SAR70 billion (US$18.6 billion). The state budget deficit will be funded by...

Equity Capital Markets

Tadawul launches new products to deepen Saudi equity markets in advance of MSCI inclusion

It’s been another shaky month for the Saudi stock exchange, which hit a high of 7,012.81 on the 2nd May before falling below the 7,000 barrier the next day and failing to re-emerge for the rest of the month, ending at 6,871.24 on the 31st to mark...


Investment patterns change for Saudi insurers as GCC bond markets open up

At the end of 2016 insurance companies contributed just 2.5% of GDP, but accounted for around 20% of transactions in listed companies, and around 14% of total trading value and volume, according to Saudi Re chief investment officer Mamraj Chahar....


Banking developments continue as foreign players move back into Saudi market

It has been a busy month for the banking sector, and one of the biggest trends of the year has seen regional and international players make their intentions clear as they look to move into the Saudi space in order to take advantage of the improving...

Asset Management

Saudi funds growing by 8% per year as foreign investment and new opportunities boost demand

The Saudi funds landscape is looking promising, with both fixed income and equity performance improving and the asset management industry growing at an annual pace of around 8%. IFN Saudi Arabia spoke to REDA GOMMA, the head of equity at Mashreq...

Project Finance

INTERVIEW: Islamic structures increasingly influential in the Saudi project finance market

This month IFN Saudi Arabia speaks exclusively to Shibeer Ahmed, head of banking and Islamic finance at Winston Strawn, to discuss his views on the current landscape for project finance in Saudi Arabia, the differences between Islamic and...

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.