Prime Highlights: Input costs rose at their slowest rate in 13 months, enabling firms to increase their purchases of inputs. Non-oil businesses experienced a sharp rise in sales, largely driven…
Prime Highlights: Derayah Financial sets its initial public offering (IPO) price between SR27 ($7.20) and SR30 ($8.00) per share. The offering, comprising 49.95 million shares (20% of the company’s share…
Prime Highlights: Saudi Arabia's Public Investment Fund (PIF) raised $4 billion through a bond offering, which was four times oversubscribed, receiving $16 billion in orders. The bonds were issued in…
Prime Highlights: Saudi Arabia's real estate sector is evolving under the Vision 2030 reform agenda, which is driving growth across affordable housing and luxury developments. The Saudi government is playing…
Prime Highlights: Saudi Arabia raised SR3.72 billion ($990 million) through sukuk in January 2025. The issuance was split into four tranches, with maturities ranging from 2029 to 2039. S&P Global…
Prime Highlights: Arable secures $2.55 million in seed funding to advance hydroponic farming in Saudi Arabia, with 90% of capital raised from foreign investors. Hydroponic farming technology offers a sustainable…
Prime Highlights: Saudi Arabia's real estate price index rose by 3.6% year-on-year in Q4 2024, driven primarily by the residential sector. The residential sector recorded a 3.1% increase, with land…
Prime Highlights: Saudi Arabia's fintech sector is experiencing rapid growth due to Vision 2030 reforms, including the Financial Sector Development Program (FSDP). The Saudi Central Bank (SAMA) has been pivotal…
Prime Highlights: Steve Witkoff, U.S. President-elect Donald Trump's Middle East envoy, achieved a breakthrough in hostage negotiations during a tense meeting with Israeli Prime Minister Netanyahu on January 11, 2025.…
Prime Highlights: Saudi e-commerce sales via Mada cards hit $4.65 billion in November 2024, a 29.4% year-on-year growth. The surge includes online shopping, in-app purchases, and e-wallet transactions, excluding credit…
