Latest news and articles about saudi economy from NEX English
The Saudi Stock Index saw a significant increase today, adding <strong>83.75 points</strong> to close at <strong>11,115.07 points</strong>, with trading valued at <strong>4.8 billion Saudi Riyals</strong>. This surge reflects a positive trend in the financial markets.
The official reserves of the Saudi Central Bank have significantly increased, reaching approximately <strong>$495 billion</strong> by the end of April 2026. This marks a rise of <strong>$55.58 billion</strong> compared to the previous year, reflecting the strength of the Saudi economy.
Luberef, a subsidiary of Saudi Aramco, recorded a net profit of <strong>258 million SAR</strong> (approximately <strong>68.5 million USD</strong>) in the first quarter of this year, marking a <strong>16.4%</strong> increase compared to the same period last year.
The Saudi Public Investment Fund has announced its intention to issue dollar bonds in three standard-sized tranches, marking a significant return to the debt markets after a hiatus. This move aims to bolster the fund's financial resources for strategic investments.
The Saudi market index, TASI, has regained its strength, reaching the significant level of 11,000 points, supported by strong performances from Aramco and Aqua. This recovery reflects improved investor sentiment amid positive economic forecasts.
The Saudi Public Investment Fund has successfully attracted investment requests exceeding <strong>$29 billion</strong> for its new dollar bond issuance, despite the actual offering size being only <strong>$7 billion</strong>. This move reflects investor confidence in the Saudi economy and the kingdom's future strategies.
Saudi banks have announced a record dividend distribution of 4% for their shareholders, reflecting the strong performance of the banking sector in the Kingdom. This move aims to enhance confidence in the Saudi banking industry, which has seen significant growth in recent years.
Zain Saudi Arabia has reported an unprecedented quarterly profit increase of 116%, driven by non-recurring income. These results reflect the company's strong financial performance amid economic challenges.
Saudi Energy Company reported a net profit of <strong>$479.7 million</strong> in the first quarter of <strong>2026</strong>, reflecting a significant increase of <strong>89.3%</strong> compared to the same period last year. This growth highlights the company's improved performance amid global market conditions.
Al-Majdiah Company announced a net profit of <strong>38.7 million Saudi riyals</strong> for the first quarter of 2026, reflecting strong financial performance amid current economic conditions. This achievement highlights the company's ability to adapt and grow in a challenging global economy.
Saudi stocks have dropped to their lowest levels in a month, influenced by pressures from the banking and basic materials sectors. This decline reflects challenges facing the financial market amid economic fluctuations.
The main Saudi stock index increased by <strong>5.18 points</strong> to close at <strong>11,192.84 points</strong>, with trading valued at <strong>4.2 billion riyals</strong>. A total of <strong>250 million shares</strong> were traded, reflecting significant market activity.
In March 2026, the Saudi Central Bank's reserves rose significantly to <strong>1.86 trillion riyals</strong> ($496 billion), marking the highest level since February 2020. This growth reflects improvements in foreign investments and foreign currency holdings.
Attention is turning to non-oil sectors in Saudi Arabia, expected to be the main driver of economic growth in 2024. These sectors are anticipated to significantly contribute to achieving the goals of Vision 2030.
Saudi tourism is experiencing significant growth, reflecting the Kingdom's commitment to developing this vital sector. With Vision 2030, Saudi Arabia aims to attract more visitors and boost the national economy.
The Saudi financial market has witnessed significant activity recently, with Kayan Saudi Arabia and Americana leading the trading momentum. Reports indicate substantial movements in liquidity, reflecting growing investor interest.
The Saudi Advanced Industries Company (2120) has announced significant updates regarding its operations and future projects. This move aims to strengthen the company's position in the Saudi and regional markets.
The market capitalization of the Saudi stock market index, TASI, is nearing a historic milestone, reaching approximately <strong>9.94 trillion riyals</strong>. This figure places the market just <strong>59.97 billion riyals</strong> away from the <strong>10 trillion riyals</strong> mark, reflecting strong financial performance.
Data from the Saudi Statistics Authority reveals that the Kingdom's merchandise imports increased by <strong>7%</strong> in February 2026, totaling <strong>76.1 billion riyals</strong>. Despite this growth, imports declined compared to January.
Saudi Arabia announced the Vision 2030 report for 2025, focusing on boosting the growth of the non-profit sector. The report aims to support initiatives that enhance this sector's role in social and economic development.
Saudi stocks recorded a notable increase, achieving their third consecutive gain, driven by strong performances in the energy and banking sectors. This rise reflects the stability of the Saudi market amid global economic challenges.
The Saudi Central Bank has granted a license to Dafa Financing to engage in consumer financing activities, reflecting the kingdom's commitment to enhancing financial services. This move is part of broader efforts to strengthen the national economy and meet consumer needs.
The Saudi stock index saw a notable increase today, rising by 11.44 points to reach 11,179.95 points, with trading volumes amounting to 5.3 billion Saudi riyals. This reflects significant activity in the trading market.
The Saudi stock index experienced a slight increase, reaching <strong>11179 points</strong> with trading volumes of <strong>5.3 billion riyals</strong>. This rise comes amid varying performances of listed companies.
The Saudi stock market index (TASI) closed on Tuesday with a slight increase of 0.1%, reaching 11,180 points, amid trading worth 5.3 billion riyals. Aramco's shares rose by 0.7% to reach 27.46 riyals.
The annual report of Saudi Arabia's Vision 2030 reveals that over <strong>222,000 citizens</strong> have secured job opportunities through the <strong>Tawteen2</strong> program, reflecting the kingdom's accelerating economic transformation.
Saudi Arabia has announced a $490 million contract for the construction of a new museum as part of the Diriyah cultural project aimed at boosting tourism and creating jobs. This initiative is a key component of the Kingdom's Vision 2030 strategy.
The Riyadh Brave Fund has been launched as a Sharia-compliant investment tool aimed at promoting responsible investment in Saudi Arabia. This initiative reflects the Kingdom's commitment to attracting both local and foreign investments amidst significant economic transformations.
Saudi Arabia has announced new strategies aimed at enhancing the competitiveness of the commercial sector and increasing private sector growth by 2025. These plans are part of the Saudi Vision 2030, which seeks to diversify the national economy and reduce dependence on oil.
Saudi Arabia aims to strengthen its industrial capabilities through Vision 2030, which seeks to transform the nation into an advanced industrial hub. This vision focuses on sustainable development and improving citizens' quality of life.