Cover Story

Gateway to the skies: Saudi airport deals highlight PPP progress

The confirmation in June of a plethora of public-private partnerships (PPPs) to manage five airports in Saudi Arabia looks set to kickstart the long-awaited surge in new infrastructure financing – and with a strong precedent already set for...


Debt Capital Markets

A slow month for Sukuk but the sovereign sector still looks promising

It’s been a quiet month for debt capital issuance in Saudi Arabia (and across the region) as the market slowed down for the summer and Eid turned thoughts to more holy matters. However, we have still seen activity in the bank financing sector as...


Equity Capital Markets

MSCI inclusion boosts stock market; non-oil sector expands as diversification program takes hold

Despite the geopolitical turbulence in the region it looks as if Saudi’s program of diversification is bearing fruit, as the Kingdom holds onto stability and sees the stock market soar by 5.9% to its highest level in 18 months, even as the Qatari...


Takaful

Consolidation on the cards as mergers multiply; new insurance initiative for SMEs

The Saudi insurance market is overcrowded, with 35 insurance companies listed on the stock exchange and a number of mergers and acquisitions on the cards as the cooperative sector seeks to amalgamate. The market has long been viewed as ripe for...


Banking

Strong banking sector performance following MSCI inclusion

The banking sector in Saudi Arabia was up last month on the anticipation of an expected rate hike from the US Federal Reserve, which would in turn equate to higher net interest margins and better liquidity for Saudi banks. This could mean good news...


Asset Management

Wealth management in Saudi provides new opportunities; green investment strategy brings Islamic funds to the fore

The asset management industry in Saudi Arabia had a surprisingly busy month despite the heat of summer, with results coming in and new strategies coming out. Green investment looks promising for Sedco, while Jadwa sees results come in from its real...


Project Finance

Project Sukuk opportunities open up as Aramco explores new projects

As the country prepares for the IPO of the century, state oil firm Saudi Aramco is moving to shore up its supply lines and diversify its holdings into new projects. Most recently, the behemoth signed a joint venture agreement to build a new...


Interview

Interview: Martin Creek, partner, Zamakchary & Co

In December 2016 Saudi Arabia saw its first ever management buyout in the legal sector, with Gasim Zamakhchary restructuring under the name Zamakhchary & Co to allow three senior lawyers entry to the partnership. The new firm has a close...


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.