Week 03 – News Update from the Kingdom

Saudi Arabia’s largest private healthcare operators plans an IPO next month. The deal will be the first IPO to come to the local market after Saudi Aramco raised more than $29 billion in December. In other news, Saudi Arabia is committed to reducing emissions and will increase the use of gas as fuel to generate…
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Week 02 – News Update from the Kingdom

The business outlook for Saudi Arabia’s non-oil private sector remains positive, despite showing the weakest improvement for five months, according to the IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI). Saudi Arabia’s Vice Defense Minister Prince Khalid bin Salman met with US Secretary of State Mike Pompeo in Washington where they discussed recent events in…
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Week 01 – News Update from the Kingdom

Saudi Arabia’s non-oil sector GDP stated a year-on-year growth of 4.3 per cent in third quarter of 2019 and a growth of 2.9 per cent in the second quarter of the year. The Royal Commission for Riyadh City has specified second quarter 2020 as the period for starting operation of the King Abdulaziz Bus Public…
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End of Year – News Update from the Kingdom

The Kingdom of Saudi Arabia and Kuwait signed an agreement to resume pumping at two major oilfields in a shared neutral zone. A report from MoU states that, Nike will support Saudi community sports groups, fitness programmes and explore further collaboration around existing sporting events. In other news, NEOM will require thousands of vocational jobs…
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Week 52 – News Update From the Kingdom

The Kingdom of Saudi Arabia has allocated SAR 12 Billion over the last few years in support of small and medium enterprises. A report from General Authority for Statistics demonstrated that the unemployment rate dipped to 5.5 percent in third quarter compared to 5.6 percent for the second quarter of the same year. In other…
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Week 51 – News Update from the Kingdom

The Kingdom of Saudi Arabia has released its budget for 2020 which will see an expenditure of 1.02 trillion riyals, compared to 1.05 trillion in 2019. Saudi Aramco, officially the world’s largest IPO, briefly reached a valuation of $2 trillion on its second day of trading on Thursday with shares reaching 38.7 riyals. In other…
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Week 50 – News Update from the Kingdom

Kuwait’s government will invest as much as $1 billion in the initial public offering of Saudi Aramco as the kingdom asks regional allies to bolster the record share sale, according to people familiar with the matter. In other news, the Saudi Arabian construction sector witnessed solid growth in the third quarter, buoyed by SR47.8 billion…
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AEI & Sovereign: MoU signed at Opportunity Arabia

AEI was delighted to support Pathfinder Trade & Invest with the Opportunity Arabia – Oil and Beyond event in London last month, an event which brought together Saudi and British business to help promote trade and opportunities in the Saudi market. The day featured three panel sessions discussing the numerous opportunities in the Kingdom as…
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Week 49 – News Update from the Kingdom

Saudi Aramco’s share sale has attracted bids worth $44.3 billion as of Friday, about 1.7 times the amount the Kingdom’s government plans to raise in what is on course to be the world’s largest listing when it formally prices next week. In other news, MbS was in the UAE for an official visit where seven…
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Week 48 – News Update From the Kingdom

Saudi Arabia’s Samba Financial Group announced on Thursday that Saudi Aramco’s initial public offering has attracted approximately 73 Billion riyals in institutional and retail orders so far. Saudi Aramco has also been in talks with officials from Kuwait’s sovereign wealth fund and investors in Dubai as it looks to market its IPO to regional buyers….
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