logo
Chinese investors show growing interest in Saudi market: CSOP

Chinese investors show growing interest in Saudi market: CSOP

Argaam23-06-2025
CEO of China's CSOP Asset Management Chen Ding said that Chinese investors are showing growing interest in the Saudi market. This reflects an increasing desire to diversify portfolios beyond traditional markets, especially given the limited overseas investment quotas in China under the QDI program.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tawuniya wins deal to provide health insurance services to NWC
Tawuniya wins deal to provide health insurance services to NWC

Argaam

time22 minutes ago

  • Argaam

Tawuniya wins deal to provide health insurance services to NWC

The Company for Cooperative Insurance (Tawuniya) was awarded on Aug. 18 a contract with the National Water Co. (NWC) to provide cooperative health insurance services to the latter's employees in accordance with the agreed terms and conditions, for a period of three years starting Aug. 25, 2025. In a statement to Tadawul, the company pointed out that that the contract value exceeds 5% of total revenue, based on the audited financial statements for 2024. The contract is expected to be signed on Aug. 25, the statement noted, adding that there are no related parties to the deal. The positive financial impact is expected to be reflected on gross written premiums over 2025, 2026, and 2027. Tawuniya reported insurance revenue of SAR 18.27 billion in 2024, Argaam data showed.

Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank
Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank

Argaam

time43 minutes ago

  • Argaam

Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank

Jabal Omar Development Co. (JODC) signed on Aug. 18 a Murabaha financing agreement worth SAR 2 billion with Al Rajhi Bank to refinance existing facilities at improved terms, according to a statement to Tadawul. The financing facility has a tenor of five years, extendable for an additional three years. Additionally, two properties from the Jabal Omar project were mortgaged as collateral against the financing. The agreement included no related parties, the statement added. The new facilities will help improve the repayment schedule and enhance cash flow sustainability, in addition to optimizing the structure of collateral against loans — representing an important step within the company's strategy to strengthen its debt profile.

SAR to build new station in Al Zulfi
SAR to build new station in Al Zulfi

Argaam

timean hour ago

  • Argaam

SAR to build new station in Al Zulfi

Saudi Arabia Railways (SAR) signed an agreement with the Cooperative for Logistics Services to build and operate a passenger station in Al Zulfi, Saudi Press Agency (SPA) reported. The deal adds a new passenger stop in Al Zulfi, making it the seventh station Al-Majmaah, Qassim on the North Train network, which runs from Riyadh to Al Qurayyat via, Hail, and Al-Jouf. Transport Minister Saleh Al-Jasser said on X that the project will link Al Zulfi to the Riyadh–Al Qurayyat corridor, easing passenger and cargo movement, boosting regional connectivity, and reducing reliance on private cars. He added it will help cut road congestion, expand public transport, and support local development under the National Transport and Logistics Strategy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store