Economy page

The Saudi finance minister confirmed that developing economies account for 70% of global growth, highlighting the challenges of debt and geopolitical shocks during the Al-Ula conference.

Amlak International Real Estate Finance Company announced the acceptance of the resignation of Managing Director Abdullah Al-Sudairy for personal reasons, while he will continue as a non-executive member. Learn about the impact of this decision.

Al-Khair Capital announced a cash dividend distribution of SAR 10.7 million for the Al-Khair Income Fund 2030, at a rate of SAR 0.35 per unit. Learn more about the distribution details and its significance.

Zain Saudi Arabia announced the appointment of two new members to its audit committee, in a move to strengthen corporate governance and support investor confidence in line with Vision 2030.

Arabian Drilling Company has announced the appointment of Fahad Al-Bani as its new CEO. Learn about the background to this leadership change and its significance for the Saudi energy market and Vision 2030.

Flynas announced an agreement with the Syrian Civil Aviation Authority to establish a new low-cost air carrier, in a move that reflects the return of relations and aims to revive the Syrian aviation sector.

Saudi Arabia is hosting the Al-Ula 2025 conference in partnership with the International Monetary Fund to discuss the challenges facing emerging market economies and ways to enhance their financial stability and sustainable growth.

Raoum Trading Company announced the termination of the memorandum of understanding to acquire a majority stake in Mahriqi Petroleum Services, due to the failure to reach a final agreement between the two parties.

Adeer Real Estate Company announced the signing of a brokerage contract with Sedco Capital worth 23 million riyals to acquire a strategic plot of land in Riyadh, reflecting the growth of the Saudi real estate market.

STC Group announced that it has won a major project to develop telecommunications infrastructure in Syria in partnership with the Syrian sovereign wealth fund, with the aim of enhancing regional digital connectivity.