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Sector Reports

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18 November 01:48 PM KSA’s electricity sector undergoes largest transformation on a global scale
Riyadh – Mubasher: The Saudi Ministry of Energy organised on 16 November 2020 a press conference to announce sweeping electricity sector reforms and the achievements of the kingdom's goals under Vision 2030. These reforms are considered a crucial …
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15 November 01:48 PM Food sector profits in KSA grow 13.8% in Q3
Riyadh – Mubasher: Net earnings of eleven Tadawul-listed food companies grew by 13.8% or SAR 107.39 million on a year-on-year (YoY) basis in the third quarter (Q3) of 2020. Combined profits of the Saudi food sector netted SAR 885.81 million in the …
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12 November 03:57 PM Profits of Saudi companies fall to SAR 168bn in 9M
Riyadh – Mubasher: Profits of companies listed within Tadawul’s main index plunged by 47.38% yearly, equivalent to SAR 151.2 billion, during the first nine months of the year. Net earnings of 172 listed companies amounted to SAR 167.95 billion in …
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11 November 02:21 PM KSA licenses 124 new factories in October with SAR 1.56bn capital
Riyadh – Mubasher: Saudi Arabia’s Ministry of Industry and Mineral Resources has issued 124 new industrial licences in October 2020 to companies having a combined total capital of SAR 1.56 billion and employing 4,976 workers. The ministry added …
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11 November 11:31 AM Profits of Saudi healthcare companies up 54% in Q3
Riyadh – Mubasher: Combined profits of Tadawul-listed healthcare companies increased by 54.3% on a year-on-year (YoY) basis during the third quarter (Q3) of the year. The companies’ profits hit SAR 620.3 million in the quarter ended on 30 …
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10 November 01:45 PM Saudi transport sector suffers losses in Q3
Riyadh – Mubasher: Five Tadawul-listed transport companies moved to losses during the third quarter (Q3) of 2020 as revenues from activities plunged due to the adverse effects of the coronavirus crisis. The companies suffered a loss of SAR 130.83 …
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9 November 02:56 PM Combined profits of Saudi cement firms climb 39% in Q3
Riyadh – Mubasher: Combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.32% year-on-year (YoY) during the third quarter (Q3) of 2020, driven by upswings in sales. The companies’ profits netted SAR 840.87 million in the quarter …
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4 November 02:37 PM Five Tadawul-listed petchem firms log 45% lower profit in Q3
Riyadh – Mubasher: Profits of five Tadawul-listed petrochemical companies dropped by 45.3% on a year-on-year (YoY) basis during the third quarter (Q3) of the year. Combined profits of these firms netted SAR 43.95 billion during the quarter ended …
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3 November 04:08 PM Three Saudi telecom companies record SAR 3bn profit in Q3
Riyadh – Mubasher: Combined profits of Saudi telecom companies listed on the Saudi bourse hiked by 4.46% or SAR 130 million year-on-year (YoY) during the third quarter (Q3) of 2020. Profits of three Tadawul-listed telecom operators, whose fiscal …
Employment in Saudi Arabia fell in October for the eighth consecutive month.
3 November 09:11 AM Saudi non-oil private sector grows for second month in row
Riyadh – Mubasher: Output growth in the Saudi Arabia non-oil private sector economy grew in October for the second straight month, while new business expanded more slowly than in September amid weak export volumes and a further impact from the …
Consumer spending rose by 0.19% during the third quarter of the year.
2 November 01:27 PM Saudi consumer spending falls 5.6% in 9M
Riyadh – Mubasher: Consumer spending in Saudi Arabia fell by 5.57% on a year-on-year (YoY) basis during the first nine months of 2020, equivalent to SAR 42.52 billion. Saudi consumer spending recorded SAR 721.18 billion in the January-September …
29 October 02:14 PM Egypt’s real estate GDP to grow by 4.7%
Cairo – Mubasher: The Egyptian Minister of Planning, Hala El-Said, said on Thursday that the government is targeting for the construction and real estate development GDP to reach EGP 706 billion during fiscal year (FY) 2020/2021. This means that …
The number of used POS devices hit a 50.9% yearly growth in September 2020.
29 October 01:12 PM Saudi POS sales climb 33% in September
Riyadh – Mubasher: The value of transactions through points of sales (POS) in Saudi Arabia totalled SAR 33.21 billion in September 2020, up by 33.7% when compared to the prior-year month. The number of transactions through POS surged by 96.67% …
The Saudi government’s current account hiked by 1.6% YoY in September.
29 October 12:03 PM Saudi general reserve slides 15% in September
Riyadh – Mubasher: Saudi Arabia’s general reserve slipped by 14.8% or SAR 73.46 billion yearly in September 2020, whereas rose on a month-on-month (MoM) basis. The Gulf state’s general reserve stood at SAR 422.586 billion by September-end, …
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29 October 11:42 AM Expat remittances in KSA jump 18.5% in 9M
Riyadh – Mubasher: Remittances by expatriates in Saudi Arabia rose in the first nine months of 2020 by 18.5% or SAR 17.22 billion ($4.59 billion) on a year-on-year (YoY) basis.  Remittances amounted to SAR 110.24 billion ($29.4 billion) in the …
The Saudi Arabian Monetary Authority (SAMA).
29 October 09:28 AM SAMA’s assets drop 5% in September
Riyadh – Mubasher: Assets of the Saudi Arabian Monetary Authority (SAMA) slid by 5% yearly in September 2020 to stand at SAR 1.82 trillion. Month-on-month (MoM), SAMA’s assets levelled down by 0.7% when compared to their level in August at SAR …
The Saudi foreign reserves stood at SAR 1.68 trillion last month.
29 October 09:09 AM Saudi foreign reserves down 10% in September
Riyadh – Mubasher: The Saudi foreign reserves declined by 10.5% on a year-on-year (YoY) basis in September 2020, after hitting their five-month high last August. The kingdom’s foreign reserves stood at SAR 1.68 trillion ($447.3 billion) last …
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27 October 01:44 PM Saudi Arabia’s trade surplus tops SAR 107bn in 8M
Riyadh – Mubasher: Saudi Arabia recorded a trade surplus worth SAR 107.57 billion during the first eight months of the year, attributed to the fall in March’s level on the back of the coronavirus outbreak. This represents a 61.4% decline when …
Food and beverages dominated SAR 48.83 billion on POS purchases.
27 October 12:13 PM Saudi POS sales cross SAR 2bn in almost 10 months
Riyadh – Mubasher: Sales transactions through points of sale (POS) across Saudi Arabia rose by 69% year-on-year (YoY) since the beginning of the year until mid-October to surpass SAR 2 billion. Total buying value for those transactions amounted to …
Hotels in Cairo are projected to have occupancy rate of 65% in 2021
26 October 01:36 PM Egypt's hotels expected to rebound in 2021 – Colliers
Cairo – Mubasher: Hotel occupancy rates in Egypt are expected to rebound in 2021 from the drop in performance levels in 2020 resulted from the coronavirus (COVID-19) pandemic, according to a recent report by Colliers International. Hotels in Cairo …
The kingdom's merchandise exports improved in August on a month-on-month basis.
26 October 12:10 PM Saudi merchandise exports down 36% in 8M
Riyadh – Mubasher: Saudi Arabia’s merchandise exports dropped during the first eight months of the year, driven by the coronavirus pandemic repercussions, low oil prices, and the decline in global trade exchange. The Gulf country’s merchandise …
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25 October 03:33 PM KSA, Bahrain trade exchange grows exponentially in 9M
Riyadh – Mubasher: Non-oil trade exchange between Saudi Arabia and Bahrain grew by 43% year-on-year (YoY) over the third quarter (Q3) of 2020 to $688.4 million, compared to $481 million in the same period in 2019. In the first three quarters of …
The Saudi non-oil exports grew by 5.7% YoY in August 2020.
25 October 12:44 PM Saudi Arabia records trade surplus of SAR 18.39bn in August
Riyadh – Mubasher: Saudi Arabia achieved a trade surplus of SAR 18.39 billion and a trade exchange worth SAR 96.36 billion in August 2020. The kingdom’s merchandise exports decreased by 25.1% year-on-year (YoY) in August to SAR 57.376 billion from …
The prices of agricultural real estate grew by 0.3% in Q3-20.
22 October 12:28 PM Saudi real estate price index up 0.5% in Q3
Riyadh – Mubasher: The Saudi real estate price index increased by 0.5% year-on-year (YoY) in the third quarter (Q3) of 2020, driven by a rise in residential real estate prices by 2.1%. The prices of agricultural real estate grew by 0.3%, whereas …
KSA's residential rental rates are likely to remain under pressure in the short-to-medium term.
21 October 03:14 PM Saudi residential mortgage market may maintain momentum after VAT exemption
Riyadh – Mubasher: Saudi Arabia’s resilient residential mortgage market is expected to maintain momentum following the recent move by the Saudi government to exempt property deals from 15% value-added tax (VAT) and instead impose a new 5% tax on …