Prime Highlights:  Umm Al Qura for Development and Construction is launching an IPO to raise funds for its SR100 billion ($26.6 billion) Masar project in Makkah.  The project will include…

Prime Highlights:  Saudi Arabia’s stock market (TASI) rose by 3.39% in December 2024, closing at 12,037 points with an average daily trading value of SR5.2 billion ($1.3 billion).  Dubai Financial…

Prime Highlights:  Saudi Arabia's insurance sector saw a 16.9% year-on-year revenue increase in Q3 2024, driven by growth in motor, property, and medical coverage.  Medical insurance revenues rose by 13.6%,…

Prime Highlights:  Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, opening new avenues for investment in the Kingdom's capital market.  Foreign investors can acquire…

Prime Highlights: Saudi Arabia’s non-oil exports surged 19.7% year-on-year in November, totaling SR26.92 billion ($7.18 billion), reflecting progress in economic diversification. Chemical products led export growth, making up 24% of…

Prime Highlights:  Saudi Arabia's education sector saw a 91.5% increase in spending, reaching SR220.76 million ($58.8 million) between January 12-18, 2025, driven by students returning to school after the midyear…

Prime Highlights:  Saudi Arabia's reserves at the central bank, SAMA, reached SR1.69 trillion ($450.31 billion) in November 2024, marking a 2.8% year-on-year increase.  Foreign assets, including currency deposits and foreign…

Highlights: Cloud adoption critical to the future of Saudi Arabia’s mining industry. Ma'aden aims for a tenfold growth by 2040, leveraging advanced technologies. Saudi Arabia focuses on integrating AI, cloud,…

Prime Highlights: Saudi Arabia’s bank loans reached SR2.93 trillion ($782 billion) in November 2024, reflecting a 13.33% year-on-year growth—the highest in 22 months. Corporate loans increased by 17.28% to SR1.58…

Prime Highlights: Saudi Arabia’s inflation rate rose by 1.7% in 2024, with housing rents rising by 10.6%. The housing, water, electricity, gas, and fuel sector saw an 8.8% price increase.…