Saturday 26 May 2018
Saudi firms

One fifth Saudi firms to fall under 'Red Zone'

One in five private companies operating in Saudi Arabia are likely to fall under the 'Red' zone as they are a long way away from meeting the Saudization targets, said a report citing officials from Ministry of Labour. The report co


Consolidation of Saudi firms seen

There are many drivers for consolidation of Saudi companies but significant challenges exist, says a study. The study by NCB Capital, Saudi Arabia’s largest investment bank and leading GCC wealth manager, said vertical consolidation is mor


More Saudi firms to tap short-term sukuk

The successful sale on Saturday of a nine-month corporate Islamic bond will encourage similar issues in Saudi Arabia where access to longer-term financing is tight, said senior HSBC officials. HSBC's Saudi affiliate advised and managed the


Rough road 'ahead for Saudi firms'

Improving economic conditions could take some time before they reflect on Saudi firms' bottom line, according to a survey by Banque Saudi Fransi. Almost half of 824 surveyed firms expect inflation to rise in the coming two quarters and

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