Latest news with #SaudiInvestors
Bloomberg
22-07-2025
- Business
- Bloomberg
Saudi Arabia Poised to Sign $4 Billion Pacts in War-Torn Syria
A Saudi delegation that includes government officials and businessmen will arrive in Damascus on Wednesday on a visit that will include the signing of multiple pacts worth about $4 billion — despite the latest round of violence in Syria and ensuing Israeli airstrikes. Tens of agreements worth more than 15 billion riyals will be signed, Al Ekhbariya reported. The kingdom's delegation will include more than 120 investors from across the business sectors as well as Investment Minister Khalid Al-Falih, according to the Saudi news organization.
Arab News
08-07-2025
- Business
- Arab News
Saudi trading in US stocks hits record $44bn, almost tripling year on year
RIYADH: Saudi investors posted record-breaking trading activity on US stock markets during the first quarter of 2025, reaching SR164.3 billion ($43.8 billion) — an annual rise of 164 percent. According to newly released data from the Kingdom's Capital Market Authority, the US now accounts for the overwhelming majority of Saudi trading activity in foreign stock markets. Out of SR166.2 billion in total foreign market trades during the first three months of the year, the North American country represented nearly 99 percent. Gulf Cooperation Council markets saw just SR953 million in trades according to the CMA report, while Asian and European markets attracted SR81 million and SR254 million, respectively. Arab markets remained marginal at SR13 million, and other international markets accounted for SR556 million. Robust performance by US growth stocks, particularly in the tech sector, have helped make American markets attractive after a somewhat sluggish 2022 and 2023. By the first quarter, a group of US tech giants, dubbed the 'Magnificent 7,' had delivered impressive earnings and upbeat revenue forecasts, fueling a rally in their share prices according to a May post by WallStreet Horizon. This coincided with a perception that the Federal Reserve was nearing the end of its tightening cycle; with the Fed keeping its benchmark rate unchanged around 4.25 percent to 4.5 percent during the quarter, and investors anticipated potential rate cuts later in 2025. Clarity in monetary policy has removed some uncertainty and supported appetite for equities, encouraging Saudi market participants to increase their exposure to US stocks. The investor base in the Kingdom has also matured in its understanding of global markets, aided by better technology, research, and regulatory support. This familiarity has reduced barriers to entry for trading abroad. Trading activity on the local Saudi market reached SR730.6 billion during the same period, meaning that US equities alone represented nearly 18 percent of all Saudi institutional and individual equity trading across geographies. The CMA's data revealed that Saudi engagement in US equities has more than doubled from its earlier peak of SR85.9 billion in the same period of 2022 and nearly tripled compared to the post-pandemic break observed in the first quarters of 2023 and 2024. Saudi Exchange's recent introduction of Saudi Depositary Receipts, instruments that allow domestic investors to trade foreign shares in riyals, is expected to further strengthen the structural link between local and international capital markets. The shift underscores the evolving profile of the Kingdom's investor base, particularly as more high-net-worth individuals, mutual funds, and institutional asset managers seek diversification outside the GCC. While the local market still dominates in absolute volume, the steady increase in foreign exposure, especially to the US, highlights Saudi Arabia's accelerating financial globalization.
Asharq Al-Awsat
28-06-2025
- Business
- Asharq Al-Awsat
Saudi Investors Explore Investment Opportunities in Mauritania and Morocco
A high-level delegation from the Federation of Saudi Chambers is set to begin an official visit to Mauritania and Morocco on Sunday as part of efforts to strengthen economic cooperation and explore new investment opportunities. Led by Federation Chairman Hassan bin Moejeb Al-Huwaizi, the delegation includes more than 30 prominent Saudi investors, along with representatives from various government agencies. The visit will feature official meetings with ministers and senior economic officials in both countries, aimed at establishing agreements and fostering trade partnerships. The initiative aligns with the goals of Saudi Vision 2030 to diversify the national economy, enhance international economic partnerships, and attract high-quality investments into Saudi Arabia. The agenda includes presentations on investment opportunities and incentives in Mauritania and Morocco, discussions on the local business environment, and forums to connect Saudi investors with counterparts from Mauritania and Morocco across key economic sectors. The Saudi delegation hopes the visit will help open new horizons for trade and investment cooperation. Trade volume between Saudi Arabia and Mauritania reached SAR119 million, with Saudi exports comprising 99 percent of the total. Trade with Morocco stands at SAR5 billion, with imports accounting for 13 percent, reflecting significant untapped investment potential. The Federation of Saudi Chambers continues to conduct official business visits to 17 countries in recent months, in line with the Kingdom's strategic vision to expand global trade and investment ties.
BBC News
24-05-2025
- Sport
- BBC News
Pyramids grab late equaliser in African Champions League final
Pyramids netted a stoppage-time equaliser to spoil the party for Mamelodi Sundowns and leave the African Champions League final finely poised at 1-1 after the first leg in hosts took the lead at a sold-out Loftus Versfeld eight minutes after half-time when forward Lucas Ribeiro followed up a shot and tucked the ball into the net from just outside the six yard dominating the second period, fans of the South African club were beginning to celebrate what they thought would be an important victory until Walid El Karti connected with Mohanad Lasheen's cross and sent his header past Sundowns keeper Ronwen Williams in the 94th a tournament where the away goals rule is still in effect, the late leveller could prove enough for first-time finalists Pyramids to lift the new-look Champions League trophy and pick up $4m in prize formed in 2008, the club has been transformed into one of Egypt's top sides since being taken over by Saudi Arabian investors in who will play in Fifa's expanded Club World Cup next month, are chasing their second continental title and are back in the final for the first time since their triumph in two sides will meet again at the 30 June Stadium in Cairo on Sunday, 1 June (17:00 GMT). Visitors provide late drama Sundowns had eliminated record 12-time champions Al Ahly at the semi-final stage on away goals while Pyramids saw off Sundowns' provincial rivals Orlando Pirates 3-2 on an entertaining opening 45 minutes played out in beautiful weather, Sundowns had more possession but it was the visitors who carved out three clear-cut Fiston Mayele, the competition's joint-top scorer this season, sent the first two off target and was flagged offside for the third as he again failed to test composure of Pyramids eventually began to wane in the second half as they could be seen retreating, struggling to maintain sustained possession and barely causing issues for Atef was awarded a yellow card for time-wasting as early as the 48th minute as Krunoslav Jurcic's side looked content to try and play for a eventually broke the deadlock but Sundowns could not add to their lead and, despite playing in a sea of yellow with virtually none of their own fans in attendance, Pyramids front man El Karti provided a late are the dominant force in South African football, recently wrapping up a record-extending eighth consecutive domestic title, and will have to negotiate a potentially difficult second Pyramids do not boast the level of support enjoyed by Cairo rivals Al Ahly and Zamalek, Juric's men will hope to capitalise upon hot evening conditions in North Africa and take a step towards establishing themselves as a giant of the continental game.
