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Press Dossier   By Date  02/09/2024
Closing Bell: Saudi main index rises to close at 12,189
Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 44.25 points, or 0.36 percent, to close at 12,189.40.
Saudi Arabia launches 7th round of ‘Sah’ savings product with 5.31% return
Saudi Arabia has launched the seventh round of its subscription-based savings product, Sah, for September, offering a 5.31 percent return to promote financial stability and growth among citizens.
Saudi fintech startups raise $1.84bn in VC investments since 2018: Monsha’at
Saudi Arabia’s financial technology startups have secured over $1.84 billion in venture capital investments since 2018, according to the latest official report.
Omani rial’s effective exchange rate index rises 2.7% in first half of 2024
The Effective Exchange Rate Index of the Omani rial reached 118.4 points in the first half of 2024, up 2.7 percent compared to the same period last year, according to new data.
Qatar’s non-mining and quarrying activities rose 1.7% in Q4 2023: official data
Qatar’s non-mining and quarrying activities increased by 1.7 percent year-on-year in the fourth quarter of 2023 to 114.60 billion Qatari riyals ($31.39 billion), according to the latest data.
Saudi Arabia’s Arabian Mills eyes raising $271m from IPO
Saudi wheat flour producer Arabian Mills for Food Products Co. plans to raise up to SR1.01 billion ($269 million) through its initial public offering on the Tadawul main market.
ACWA Power secures $2.6bn financing for 3 Saudi solar projects
Saudi utility developer ACWA Power has signed financing agreements valued at SR9.7 billion ($2.58 billion) with a consortium of banks to develop three large-scale solar projects in the Kingdom.
Dubai: How buyer can recover funds over delayed property handover
I am about to invest in an off-plan property in Dubai, with the handover of my unit scheduled for 2028, according to the sale agreement. What will happen if the developer delays the handover? Am I entitled to compensation, and if so, when would I receive it?
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