Cover Story

All aboard! Saudi boards the fintech train

Saudi Arabia has been slow to jump on the fintech bandwagon compared to neighboring jurisdictions such as Abu Dhabi, Bahrain and Dubai, all of which have already staked their claim as regional fintech hubs. But with a surge of news emerging from...


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The REIT stuff: An explosion of assets

The REITs market in Saudi Arabia has taken off like a rocket over the past year, with five funds already listed on the stock market and an additional 30 more in the pipeline – making it one of the fastest-growing sectors in the industry. But what...


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Real estate review: How is the Saudi market handling 2017?

In August the Ministry of Housing launched the Saudi Real Estate Institute, part of the National Transformation Plan 2020, with cooperation from leading local and international partners and academic institutions as well as domestic real estate....


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Domestic Sukuk issuance displays Saudi commitment to sustainable borrowing

Saudi Arabia tapped the domestic market for the first time this year with a SAR17 billion (US$4.3 billion) Sukuk issuance to boost coffers and bridge the budget deficit. The transaction met with demand high enough to bring the price close to its...


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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...


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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...


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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...


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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...


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New initiatives support surge of SME activity in Saudi market

SMEs have been historically underserved and ignored by institutions in Saudi Arabia – but all that is about to change. On the 26th February stock trading began in the SME-focused Nomu parallel market – launched as part of a major push by Saudi...


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Alternative energy – the next big thing in Saudi?

Khalid al Falih, Saudi Arabia’s oil minister, announced in January that the Kingdom would “within weeks” issue tenders for a solar and wind power program worth US$30-50 billion. The project is the latest in a series of major renewable and...