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Al Rajhi Bank launches $1bn in perpetual bonds, says document
Al Rajhi Bank, the world’s largest Islamic bank by assets and market capitalization, has launched $1 billion in Additional Tier 1 sustainable sukuk, or Islamic bonds, a document from one of the banks arranging the deal revealed on Thursday.…
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Saudi Arabia to boost private sector investments in manufacturing: deputy minister
Saudi Arabia aims to bolster private sector investment in the manufacturing industry, capitalizing on the Kingdom’s swift growth, according to a top official.
During his opening speech on the second day of the Riyadh International…
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Saudi PIF’s AviLease delivers first tranche of six aircraft to Indian airline
AviLease, owned by the Public Investment Fund, has delivered two aircraft to an Indian airline, marking the initial delivery of six planes scheduled for 2024.
The global aircraft lessor announced the delivery of Boeing 737-8 jets to Air…
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Energy deals with Brazil, Japan, and Jordan signed off by Saudi Cabinet
Saudi Arabia has approved economic and energy deals with several countries including Jordan, Brazil, and Japan, during its latest Cabinet meeting.
An agreement between the central banks of the Kingdom and Qatar focusing on cooperation in…
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stc Bank set to launch later this year, says group CEO
Saudi telecom giant stc Group has obtained official approval for the soft launch of its new banking sector subsidiary, aiming to provide Shariah-compliant fintech solutions.
The Saudi Central Bank has given the green light for the beta…
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Saudi Arabia transforms SWCC into water authority to boost security
Saudi Arabia’s efforts to bolster its water security received a significant boost with the restructuring of the Saline Water Conversion Corp. into the Saudi Water Authority.
This transition, which includes the adoption of new…
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Saudi Coffee Co. receives license to build Kingdom’s first coffee production factory in Jazan
Saudi Coffee Co. has been given approval to begin operations in Jazan, marking the establishment of the first production facility for the product in the Kingdom.
This came as Khalid bin Mohammed Al-Salem, president of the Royal…
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Global ESG sukuk market projected to surpass $50bn thanks to funding diversification
The global sukuk market linked to environmental, social, and governance principles is expected to exceed $50 billion in the next two years driven by funding diversification goals.
According to Fitch Ratings, other factors catalyzing the…
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Saudi Arabia to reveal $100bn in investment opportunities at aviation forum
The world’s largest aviation investors will descend on Riyadh later this month for the Future Aviation Forum, where Saudi Arabia will unveil more than $100 billion in investment opportunities to enable its ambitious Saudi Aviation Strategy.…
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Egypt’s non-oil business shrinks for 41st straight month, PMI shows
Egypt’s non-oil private sector continued to shrink in April despite a $35 billion investment deal signed with the UAE in February and an $8 billion International Monetary Fund agreement in March, a survey showed on Wednesday.
The S&P…
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