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Bank Albilad profit growth slows amid higher deposit costs

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21 Hrs
Bank Albilad profit growth slows amid higher deposit costs

Morocco plans 20% hotel growth before 2030 World Cup

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21 Hrs
Morocco plans 20% hotel growth before 2030 World Cup

British stocks fall as Burnham becomes Prime Minister

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British stocks fall as Burnham becomes Prime Minister

Europe fines AliExpress $627 million over counterfeit products

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23 Hrs
Europe fines AliExpress $627 million over counterfeit products

Saudi French Bank reports 1.4B riyals profit

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23 Hrs
Saudi French Bank reports 1.4B riyals profit
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Saudi Arabia repurchases 17.1 billion riyals in domestic debt

Saudi Arabia repurchases 17.1 billion riyals in domestic debt

Saudi Arabia completed an early buyback of part of the Ministry of Finance's obligations for the years 2026-2030 valued at approximately 17.1 billion riyals, coinciding with the issuance of new government sukuk exceeding 17.2 billion riyals. The sukuk issuances were divided into five tranches with maturities extending up to 2041, aiming to enhance the efficiency of government debt management and support fiscal sustainability. Additionally, efforts were made to develop the local sukuk market and restructure financial obligations. Major financial companies were appointed to manage the issuance process as part of the National Debt Management Center's efforts to deepen the market and achieve financial flexibility.

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