Saudi Arabia’s Tadawul Launches New TASI 50 Index to Track The Top 50 Companies
Saudi Arabia’s Tadawul stock exchange has unveiled a new index that tracks the top 50 companies ranked by market value.
January 14, 2024
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Saudi Arabia’s Tadawul stock exchange has unveiled a new index that tracks the top 50 companies ranked by market value.
Saudi Arabia has introduced a new system for the sale and rental of off-plan Real Estate projects in the Kingdom.
Saudi Arabia’s Public Investment Fund has acquired a 23.08% stake in the Middle East Paper Company known as MEPCO.
Saudi Arabia’s ACWA Power, fueled by Crown Prince Muhammad bin Salman’s ambitious vision, is racing towards a renewable future, aiming for half of the nation’s electricity from wind and solar by 2030.
Riyadh has been selected as the new Regional Headquarters by more than 200 international companies who wish to compete for Government contracts from 1st January 2024 onwards.
Saudi’s Public Investment Fund has emerged as the top global sovereign wealth fund investor in 2023. The PIF invested a remarkable $31.6 billion across 49 deals, which was a 33% increase from 2022.
Saudi Arabia has announced the discovery of large potential gold reserves in the Makkah Region.
The leading Saudi investment company, JADWA has acquired Dubai’s Black Spoon Group which is the parent company of Allo Beirut Restaurants.
The Saudi Arabian fintech company Tamara has risen to unicorn status, making it the Kingdom’s first-ever start-up company valued at $1 Billion.
Lendo, The Saudi Arabian shariah compliant crowd-funding platform, has raised $28 million from Sanabil Investments, which is owned by the Saudi Public Investment Fund.
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