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03 June 07:55 PM

Mubasher Exclusive

TASI ended the week at 7,050.66 points
21 May 04:56 PM Tadawul closes Thursday in green; up 5% in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday’s trading session on a marginal rise, supported by the gains of the energy and petrochemicals stocks. The Tadawul All Shares Index (TASI) increasing by 0.01% on Thursday to …
Trading Activities
Saudi Stock Exchange (Tadawul)
14 May 06:22 PM Tadawul gains 88 pts in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended the second week of May on a positive note, recovering some of its losses in the previous week. The Tadawul All Share Index (TASI) increased by 1.3% or 88.45 points, as it closed Thursday, …
Trading Activities
Photo Archive
17 April 06:48 PM Tadawul down 5.4% in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) recorded losses during the week that ended 16 April, after rising for three consecutive weeks. The Tadawul All Share Index (TASI) lost 5.35% or 374.55 points and closed at 6,631.69 points, …
Trading Activities
EFG Hermes acted as the financial advisor
13 April 06:07 PM Four banks, Saudi investor buy Sukuk issued by Talaat Moustafa’s unit
By: Islam Fadl Cairo – Mubasher: Four banks and a Saudi investor have participated in covering the Sukuk issuance issued by Talaat Moustafa Group Holding’s subsidiary Arab Company for Projects and Urban Development. The Egyptian Financial Group …
Sukuk and Islamic Finance
NUPCO presented its new identity in a ceremony held in Riyadh
5 March 04:10 PM NUPCO launches new brand
By: Haitham Seliman Riyadh – Mubasher: The National Unified Procurement Company (NUPCO), which is fully-owned by Saudi Arabia’s Public Investment Fund (PIF), on Thursday celebrated its new identity as it aspires to be a major player in the Saudi …
Companies Investments
MSME finances amounted to SAR 117.26 billion last year
5 March 03:44 PM MSME finances in Saudi Arabia grow 8% in 2019 - SAMA
Riyadh – Mubasher: Financing micro, small, and medium-sized enterprises (MSMEs) in Saudi Arabia increased by 8.05% or SAR 8.74 billion by the end of the fourth quarter (Q4) of 2019. Total finances amounted to SAR 117.26 billion by the end of last …
Banking and Finance
Loans amounted to SAR 317.27 billion in Q4-19
3 March 04:24 PM Real estate loans in KSA leap 25% in Q4-19
Riyadh – Mubasher: Credit facilities granted by commercial banks and real estate finance companies to Saudi nationals soared by 24.6% or SAR 62.2 billion ($16.7 billion) year-on-year (YoY) during the fourth quarter (Q4) of 2019.       The total …
Banking and Finance
Commercial loans reached SAR 333.44 billion by the end of last year
3 March 03:31 PM Saudi retail loans up 3.8% in Q4-19
Riyadh – Mubasher: Retail loans in Saudi Arabia increased by the end of the fourth quarter (Q4) of 2019 by 3.8% or SAR 12.15 billion compared with Q4-18. Commercial loans reached SAR 333.44 billion by the end of last year, compared with SAR 321.29 …
Central Banks
The main index closed Monday's session at 7,349 points
2 March 05:01 PM Tadawul closes Monday on marginal gains
By: Bedour Alrai Mubasher: The Saudi Stock Exchange (Tadawul) recorded a marginal rise at the end of Monday’s trading session, failing to hold its earlier gains. The Tadawul All Share Index (TASI) levelled up by 0.06% or 4.09 points and closed at …
Trading Activities
The UAE accounted for 26.6% of the fund’s investments by the end of 2019
29 February 03:12 PM Norway’s sovereign fund raises investments in GCC markets
Mubasher: Norway’s sovereign wealth fund, the largest in the world, increased its investments in the GCC region by 15.2% or $440 million by the end of last year. Official data showed that the fund’s investments in the region reached $3.33 billion …
Macroeconomics
The Saudi main index lost 379 points or 4.7% over the course of the week
28 February 11:55 AM Tadawul sees worst weekly losses since August
Mubasher: The Saudi Stock Exchange (Tadawul) ended the last week of February on the worst decline in 26 weeks, over fears about the coronavirus. The Tadawul All Share Index (TASI) lost 4.73% or 379 points, its biggest loss since the week ended on …
Trading Activities
The project is expected before the end of next June
26 February 03:43 PM UAE’s Arada plans new investment in Saudi Arabia in H1-20
Riyadh – Mubasher: Arada Real Estate Company plans to pump new investments in Riyadh by the end of the first half (H1) of the year, as it sees promising opportunities in the Saudi market. The UAE-based company is still in talks with Saudi …
Companies Investments
Saudi tourism industry could see investments of SAR 115 billion
24 February 03:31 PM SCTH promises more reforms in tourism sector
Riyadh – Mubasher: Chairman of the Saudi Commission for Tourism and National Heritage (SCTH), Ahmed Al Khatib, said that around SAR 115 billion are ready to be invested in the tourism sector. Investments would be through the tourism development …
Macroeconomics
Saudi Minister of Economy and Planning, Mohammad Al Tuwaijri
24 February 02:57 PM Saudi Arabia encouraging investment through 3 pillars – Minister
Riyadh – Mubasher: Saudi Arabia is moving from the phase of studies to implementation when it comes to exerting efforts to create a suitable environment to attract investments, said the Saudi Minister of Economy and Planning, Mohammad Al Tuwaijri. …
Macroeconomics
Photo Archive
18 February 10:20 AM Saudi oil exports down 10.75% in 2019
Riyadh – Mubasher: Saudi Arabia’s oil exports decreased by 10.75% last year, as shown by the Joint Organisations Data Initiative (JODI) figures. Total exports, including crude oil and petroleum products, declined by 366.59 million barrels per day …
Commodities
Photo Archive
17 February 04:44 PM Steel prices rise second month in row; cement at 38M-high
Riyadh – Mubasher: Average steel prices in Saudi Arabia increased in January 2020, reaching its highest level in four months, while cement prices maintained its upward trend for the fifth consecutive months to a new three-year high. Steel prices …
Sector Reports
Photo Archive
17 February 03:55 PM Brokerages profits surge 25.5% in Q4
Riyadh – Mubasher: Brokerage companies, licensed by the Saudi Capital Market Authority (CMA), have recorded a growth in earnings during the fourth quarter (Q4) of 2019 by 25.5% year-on-year (YoY) to SAR 780.93 million. On a quarterly basis, net …
Sector Reports
13 February 01:15 PM MWC 2020 cancelled over coronavirus worries
The Mobile World Congress (MWC) scheduled to be held in Barcelona on 24-27 February 2020 has been cancelled
Global Reports
Saudi Arabian Monetary Authority (SAMA)
3 February 04:49 PM Saudi bank deposits rise 7.3% in 2019
Riyadh – Mubasher: Banking deposits in Saudi Arabia recorded an annual growth of 7.3% or SAR 122.47 billion during 2019, according to official data. Bank deposits registered SAR 1.795 trillion last year, compared with SAR 1.674 trillion in 2018, …
Banking and Finance
Photo Archive
2 February 03:37 PM Savings in KSA down 2.4% in 9M
Riyadh – Mubasher: Saving in Saudi Arabia declined by around 2.4% or SAR 18.4 billion during the first none months of last year to SAR 751.76 billion, compared to SAR 770.18 billion for the same period in 2018. This mainly resulted from a decrease …
Sector Reports
Saudi Arabian Monetary Authority (SAMA)
30 January 02:42 PM Saudi banks increase investments in gov’t bonds
Riyadh – Mubasher: Saudi banks increased their purchases of government bonds during 2019 by around 55.1% or SAR 27.91 billion to a total of SAR 78.52 billion, compared with SAR 50.61 billion in 2018. Total bank investments in Saudi bonds grew by …
Bonds
Loans amounted to SAR 79.13 billion last year
30 January 02:22 PM Saudi mortgage loans value rises 168% in 2019
Riyadh – Mubasher: Retail mortgage loans in Saudi Arabia surged by 168.2% last year, as shown by the data of the Saudi Arabian Monetary Authority (SAMA). Mortgage loans provided for Saudi citizens to buy a new house grew to SAR 79.13 billion in …
Banking and Finance
FDI inflows to Egypt from KSA amounted to $69.3 million in Q1-FY19/20
29 January 02:27 PM Saudi FDI in Egypt down 43% in 3M
Mubasher: Net foreign direct investment (FDI) inflows from Saudi Arabia to Egypt decreased by 43.4% during the first quarter (Q1) of the fiscal year (FY) 2019/2020, as shown by the data of the Central Bank of Egypt (CBE). Data showed that Saudi …
Macroeconomics
Finastra's solutions cover 90% of banks’ needs
20 January 11:19 AM Interview: We look to repeat Finastra Egypt Digital Trade Forum – Serge Tohme
Mubasher: Finastra was founded in 2017 from the merger of two fintech giants, D+H, a leading financial technology provider and Misys, which provides software solutions focused on retail and corporate banking services. Serge Tohme, Managing …
Banking and Finance
US Department of the Treasury
19 January 01:35 PM Saudi Arabia raises investments in US treasury bonds
Riyadh – Mubasher: Saudi Arabia has increased investments in US treasury bonds by 5.77% year-on-year (YoY) last November, as shown by official data. Saudi investments in US treasury bonds amounted to $179.7 billion, compared with SAR 169.9 billion …
Central Banks