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Press Dossier   By Date  08/06/2024
Saudi Arabia’s sukuk and debt capital market up $8bn since 2019
Saudi Arabia’s sukuk and debt capital market has grown significantly since 2019, surpassing SR30 billion ($7.9 billion), according to the Kingdom’s Capital Market Authority.
Saudi banks’ real estate loan portfolios hit $213.5bn in Q1 2024
Saudi banks’ real estate loan portfolios reached SR800.5 billion ($213.5 billion) in the first quarter of 2024, a 13 percent increase from the same period last year, the latest official data showed.
Startup Wrap — Saudi SiFi closes $10m round; MENA funding sees 413% MoM growth
Saudi Arabia-based fintech Simplified Financial Solutions Co. has closed a $10 million seed round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund, and RAED Ventures.
Sinopec unit signs $1.1bn deal to build gas pipelines for Aramco
A Sinopec service unit said on Thursday it has signed a 7.956 billion yuan ($1.10 billion) deal to build natural gas pipelines for Saudi Aramco.
Saudi Arabia point of sale spending reaches $14 billion in April
Saudi Arabia’s point of sales spending reached around SR53 billion ($14 billion) in April, registering a 3 percent rise compared to the same month last year, latest data revealed.
Saudi main index edges up to close at 11,560
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 7.23 points, or 0.06 percent to close at 11,560.39
CBK: Standard & Poor’s confirms Kuwait’s sovereign rating at A+ with stable outlook
The Central Bank of Kuwait (CBK) said Friday that the international rating agency of Standard & Poor’s confirmed the sovereign rating of Kuwait at A+, with a stable future outlook due to a huge stock of government financial assets support estimated at about 418 percent of the gross domestic product in 2024.
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