Financials and Investment News in Saudi Arabia

Alturki Partners with BSF to Empower Supply Chain Growth through Expanded Financing Solutions
11/20/2024 - In alignment with its commitment to proactively contribute to Saudi Arabia's sustainable development and support the Kingdom's Vision 2030, Alturki Holding has announced a strategic partnership with B...
ACWA Power Announces its Financial Results
11/7/2024 - Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, today announced its consolidated financial resul...
SABIC Announces Q3 2024 Financial Results
11/4/2024 - SABIC, a global leader in diversified chemicals, announced its financial results for the third quarter of 2024, with a total net profit of SAR 1.00 billion compared to SAR -2.88 billion in the third q...
Aramco Announces Third Quarter 2024 Results
11/4/2024 - Aramco has announced third quarter 2024 results

- Net income: $27.6 billion (Q3 2023: $32.6 billion)

- Cash flow from operating activities: $35.2 billion (Q3 2023: $31.4 billion) <...
Aramco and Riyadh Air Explore Collaboration Opportunities
10/31/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, and Riyadh Air, the Kingdom of Saudi Arabia's new premium international airline, have signed a Memorandum of Understanding...
KOSA Visits Aramco in Saudi Arabia
10/30/2024 - Korea Software Industry Association ("KOSA") has announced that MegazoneCloud, its member, has signed a Memorandum of Understanding (MOU) with Aramco, one of the world’s leading integrated energy and ...
Aramco, SIDF and Taulia Announce Supply Chain Financing Solution
10/29/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, and Taulia, a SAP company and leading FinTech provider of working capital management solutions — supported by the Saudi In...
Aramco Announces Completion of a $3B International Sukuk Issuance
10/2/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, today announced the completion of a $3 billion international sukuk issuance, comprised of two US dollar-denominated tranch...
Aramco Fosters Closer Collaboration with Key Chinese Partners
9/10/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, has announced agreements with key Chinese partners during a visit to the Kingdom of Saudi Arabia by a senior delegation le...
SFD Celebrates 50 Years of Global Impact with Over $20B in Development Contributions
9/2/2024 - The Saudi Fund for Development (SFD) celebrated its 50th anniversary in Riyadh today, under the theme "50 Years of Global Impact." The event brought together key development partners to reflect on the...
Saudi Arabia to Convene Global Mineral Sector at Fourth Future Minerals Forum in January 2025
8/27/2024 - Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, Saudi Arabia is set to host the fourth edition of the world's leading platform on minerals, the Future ...
Aramco Plans $100M Funding for KAUST to Support Cutting-edge R&D
8/11/2024 - Aramco, one of the world’s leading integrated energy and chemical companies, has signed a Memorandum of Understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to support r...
Aramco Announces Second Quarter and Half-year 2024 Results
8/6/2024 - Company delivers strong performance as key milestones advance long-term growth strategy

- Net income: $29.1 billion (Q2) / $56.3 billion (H1)

- Cash flow from operating activities:...
Saudi Electricity Net Profit Rise 16.6% in H1 2024
8/6/2024 - Saudi Electricity Company (SEC)continued to deliver strong financial performance in the first half and second quarter of 2024. SEC reported a 15.5% increase in its revenues for H1 2024, reaching SAR 3...
Luberef Financial Results for the First Half of 2024
8/5/2024 - Saudi Aramco Base Oil Company - Luberef announced its H1 2024 financial results, reporting total revenue of approximately SAR 4.9 Billion and net income of approximately SAR 538 Million. Net income de...
ACWA Power’s H1 2024 Net Profit Reaches SAR927
8/4/2024 - Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, today announced its consolidated financial results for...
SABIC announces Q2 2024 financial results
8/1/2024 - SABIC, a global leader in diversified chemicals, announced its financial results for the second quarter of 2024, with a total net profit of SAR 2.18 billion ($ 0.58 billion) compared to SAR 0.25 billi...
Aramco Announces Completion of $6B Bond Issuance
7/18/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, today announced that it has completed a bond issuance of $6 billion. The issuance is comprised of three tranches of USD-de...
EIG’s Pearl Pipelines Completes ~$11 Billion Senior Debt Refinancing Program
7/2/2024 - EIG Pearl Holdings S.à r.l., a holding company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of an ~$11.2 ...
Saudi Aramco Announces Breakdown of Shareholding Post-allocation
6/9/2024 - - Pursuant to the final allocation of the fully marketed offering of 1.545 billion shares (the “Offering”), in which the majority of the shares constituting the institutional tranche of the Offering w...

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