Latest news with #SaudiStockExchange
Bloomberg
4 days ago
- Business
- Bloomberg
Saudi Arabia Seeks New IPOs to Attract Foreign Investors
Saudi Arabia aims to increase potential public offerings as it seeks to diversify its economy away from oil and develop its financial sector. 'We are doing almost 30% from last year,' said Mohammed Al-Rumaih, chief executive officer of the Saudi stock exchange in an interview with Bloomberg Television, referring to the increase in numbers.
Time Business News
6 days ago
- Business
- Time Business News
The Role of ESG in Saudi Investment Strategies: A Growing Trend
Last week, I watched a group of investors in a Jeddah majlis, sipping qahwa and debating a wind farm startup that could light up AlUla. That's ESG—Environmental, Social, and Governance—stirring excitement in Saudi Arabia's investment world. Vision 2030's push for a greener future has made ESG a game-changer, not just a feel-good idea. This guide dives into how ESG is shaping Saudi investment strategies, why it's a big deal, and how businesses can hop on this trend to shine. ESG investing is about backing companies that care about the planet, people, and fair play. The 'E' checks their environmental impact, like slashing pollution. The 'S' looks at how they treat workers and communities. The 'G' ensures they run honestly, with clear leadership. In Saudi Arabia, ESG's taking off as Vision 2030 nudges the economy toward sustainability. By 2026, global ESG investments could hit $33.9 trillion, and KSA's riding that wave. KSA used to run on oil, but Vision 2030's changing the script, pushing tech, tourism, and green energy. ESG slots right into this, steering cash toward projects that last. It's not just about being nice—it's about staying ahead. An investment company KSA might bet on a solar project, knowing it pulls in global investors who love green vibes. Here's why ESG rocks: Draws Big Money : Companies with solid ESG plans attract international funds. : Companies with solid ESG plans attract international funds. Cuts Trouble : Good practices dodge environmental or legal messes. : Good practices dodge environmental or legal messes. Builds Trust: Eco-friendly firms win over customers and partners. Vision 2030 is the engine behind KSA's ESG boom. It's got big dreams, like net-zero emissions by 2060 and half of energy from renewables by 2030. These goals are flipping investment playbooks. The Public Investment Fund (PIF), with a $700 billion stash, is pouring money into ESG projects like NEOM, a city running on clean energy. Here's how Vision 2030 makes it happen: Eco Ambitions : Solar and wind plans pull in ESG-focused investors. : Solar and wind plans pull in ESG-focused investors. Rule Tweaks : The Saudi Stock Exchange (Tadawul) rolled out ESG reporting rules in 2021, making things clear. : The Saudi Stock Exchange (Tadawul) rolled out ESG reporting rules in 2021, making things clear. New Economy : Moving off oil opens up tech and healthcare deals. : Moving off oil opens up tech and healthcare deals. World Stage: KSA's syncing with UN sustainability goals, catching global eyes. ESG's shaking up how KSA investors roll. Check these trends: In 2023, Saudi firms issued $8 billion in green bonds and sukuks, up from $1 billion in 2019. These fund projects like wind farms. The PIF's Green Finance Framework matches global rules, putting KSA at the front of sustainable cash flow. KSA's gunning for 58.7 gigawatts of green energy by 2030, with 30 gigawatts from solar. Projects like the Red Sea Project scream ESG, and investors are biting. A holding company in Riyadh could jump in, banking on long-term wins. Companies are doing ESG audits to gauge their green and social impact. These line up with Vision 2030's push to cut emissions and build investor confidence. ESG investors love fintech startups like STC Pay, which help more people access banking. Tech firms doing good are gold mines. Businesses are doubling down on fair pay, diversity, and local support, tying into Vision 2030's goal of more women and youth in the workforce. ESG's got some bumps to navigate: Spotty Data : KSA's still building its ESG reporting, so info's thin. : KSA's still building its ESG reporting, so info's thin. Pricey Start : Green projects like solar plants need big bucks upfront. : Green projects like solar plants need big bucks upfront. Old Habits : Some traditional firms drag their feet on ESG shifts. : Some traditional firms drag their feet on ESG shifts. World's Watching : Global investors keep a sharp eye on KSA's progress. : Global investors keep a sharp eye on KSA's progress. Rule Maze: New ESG guidelines can trip up smaller players. Vision 2030's fixing this with clearer rules and training. Want to get in on ESG? Here's how KSA companies can step up: Run ESG Audits : Dig into your environmental and social footprint. : Dig into your environmental and social footprint. Set Targets : Aim to cut emissions or boost recycling by a clear percent. : Aim to cut emissions or boost recycling by a clear percent. Go Global : Use standards like GRI or SASB for honest reporting. : Use standards like GRI or SASB for honest reporting. Back Green Tech : Fund solar or waste-cutting projects to save cash. : Fund solar or waste-cutting projects to save cash. Train Your Team: Get staff hyped about ESG for a lasting impact. An investment company KSA could dip a toe in with a green sukuk to see how it plays. ESG isn't just warm fuzzies—it's good business. A 2023 study of 100 Saudi companies showed ESG champs had better profits and asset returns. More wins include: Global Cash : ESG firms pull in funds from abroad. : ESG firms pull in funds from abroad. Steady Growth : Sustainable moves keep profits rolling long-term. : Sustainable moves keep profits rolling long-term. Safer Bets : ESG cuts risks like pollution fines or boardroom scandals. : ESG cuts risks like pollution fines or boardroom scandals. Fan Base: Customers stick with brands that care about the planet. Questions Folks Ask About ESG in KSA Here's what's buzzing online: What's ESG in KSA? Investing with a focus on environment, people, and fairness, tied to Vision 2030. Investing with a focus on environment, people, and fairness, tied to Vision 2030. How's Vision 2030 helping ESG? It pushes green energy and clear rules. It pushes green energy and clear rules. Why's ESG catching on? Investors want sustainable picks, and KSA's making it easy. Investors want sustainable picks, and KSA's making it easy. Do ESG investments make money? Yup, studies show they boost profits. KSA's ESG scene is packed with chances: Green Energy : Fund solar or wind tied to Vision 2030's goals. : Fund solar or wind tied to Vision 2030's goals. Eco Finance : Grab green bonds or sukuks for solid returns. : Grab green bonds or sukuks for solid returns. Tech Stars : Back fintech or AI with big social impact. : Back fintech or AI with big social impact. Smart Cities: Invest in NEOM's green infrastructure for the long haul. A holding company in Riyadh might target Qiddiya's eco projects for steady growth. Investors, watch out for: Data Lag : ESG reporting's still growing in KSA. : ESG reporting's still growing in KSA. Oil Swings : Price dips can squeeze green project budgets. : Price dips can squeeze green project budgets. Global Rivals : Other nations are chasing ESG cash too. : Other nations are chasing ESG cash too. Skill Shortage: KSA needs more ESG pros. Vision 2030's training push is building know-how fast. By 2030, KSA wants to lead the world in sustainability. The PIF will keep bankrolling ESG projects, and Tadawul's ESG index will nudge firms to step up reporting. Regional events like COP28 in the UAE show the Gulf's green focus, with KSA out front. ESG will steer cash into tech, energy, and tourism, syncing with Vision 2030's non-oil dreams. The future's green and full of promise. ESG's flipping the script on Saudi Arabia's investment strategies, mixing profit with purpose. From green sukuks to solar farms, it's a trend no investor can skip. An investment company KSA or a holding company in Riyadh can soar by jumping on ESG, staying true to Vision 2030, and building a future that lasts. Start small, keep it real, and catch KSA's green spark. Let's back Vision 2030 and make a mark that echoes globally. TIME BUSINESS NEWS
Zawya
20-05-2025
- Business
- Zawya
Saudi's Anmat Tech sets IPO price, seeks $12.7mln
Saudi Arabia's Anmat Technology has set the pricing of its initial public offering (IPO) on the Saudi Stock Exchange's Parallel Market (Nomu) at SAR 9.5 ($2.5) per share. At the set price, the multi-sector company aims to raise SAR 47.5 million. Anmat intends to float 5 million shares, representing 11.63% of the post-IPO capital. The share offering will run from May 22 to May 27, 2025, according to lead advisor Darb Altujjar Financial Company (Merchants Capital). Minimum subscription is pegged at 100 shares, with a maximum of 2 million shares per subscriber. The company has appointed Alinma Investment as the lead manager for the offering. Qualified investors can subscribe through Alinma's online platform, as well as the electronic platforms of other authorised receiving entities. Anmat operates in multiple sectors, offering IT solutions and telecommunications services to businesses, as well as architectural design and project management in the construction industry. (Writing by Cleofe Maceda; editing by Seban Scaria)
Arab Times
18-05-2025
- Business
- Arab Times
Major Gulf real estate firms rush to Kuwaiti market
KUWAIT CITY, May 18: Less than two weeks after the Council of Ministers approved a draft decree-law for amending certain provisions of Law No. 118/2023 regarding the establishment of companies to create, and economically develop cities or residential areas, also known as the 'Real Estate Developer Law', sources revealed that major Gulf real estate development companies are rushing into the Kuwaiti market to seize the opportunities presented by the new law. They explained that some companies have already started studying the Kuwaiti market to assess available opportunities and the economic feasibility of entering the market. Meanwhile, several companies have already entered Kuwait, and have begun recruiting and building their organizational and legal structures to conduct operations. Among the companies entering the local market is a Saudi company (unnamed by the sources) listed on the Saudi Stock Exchange. The sources confirmed that the total construction area developed by the company in Saudi Arabia exceeds 6 million square meters, in addition to a total of 18,000 housing units, some of which are still under construction. They believe that the development of real estate and housing legislation in Kuwait, the government's commitment to reducing citizens' waiting time for housing, and the involvement of the private sector in resolving the housing issue have all paved the way for many real estate companies to enter the Kuwaiti market. The sources emphasized that this will create real and intense competition, which will positively impact the quality and prices of housing units, as well as the services provided to citizens.
Syyaha
11-05-2025
- Business
- Syyaha
Taiba Investments Profits Soar 37% For Q1 of 2025
Taiba Investments, the leading hospitality company in Saudi Arabia, posted SAR 131.3 million of profits during the first quarter of 2025, up 37% compared to the same period last year, a rise driven by increased revenues from the company's hotel and residential sectors, according to a statement on the Saudi Stock Exchange (Tadawul) website. The company's net profits for the first quarter of this year increased by 36.6% year-on-year to SAR 131.3 million, compared to SAR 96.1 million during the first quarter of 2024, the statement said. During the first quarter of 2025, Taiba Investments posted operating revenues of SAR 357.8 million, an increase of SAR 25.7 million or 7.7% compared to SAR 332.1 million of the same quarter of 2024. This growth is primarily attributable to higher revenues from the company's hospitality and residential sectors, driven by improved occupancy rates and increased revenues from the company's properties in both Makkah and Madinah due to the rise in the number of visitors and Umrah pilgrims, as well as the seasonality of operations. Earnings per share jumped 36.6% during the first quarter of this year to 0.50 riyals, compared to 0.37 riyals during the same period last year. On a quarterly basis, Taiba Investments' revenues for the first quarter of 2025 increased by SAR 20.5 million, or 6.1%, compared to the last quarter of 2024. This increase is attributable to higher revenues from the company's properties, supported by the seasonal nature of operations. Meanwhile, the company's net profit jumped 45.7% during the first quarter of this year, an increase of SAR 41.2 million compared to the fourth quarter of 2024, due to the increase in revenues. Sultan Badr Al-Otaibi, CEO of Taiba Investments, commented: 'The increase in Taiba Investments' profits during the first quarter of 2025 comes in light of the significant development of the tourism sector in the Kingdom and the enablers and support provided by the Saudi government within the goals of Saudi Vision 2030.' 'This development has positively impacted the hospitality sector and led to a clear improvement in the sector's revenues,' Al-Otaibi stressed. 'The financial statements for the first quarter of this year demonstrate the strong returns of the company's investment in providing a comprehensive and upscale accommodation experience, meeting the highest international standards, for pilgrims and Umrah performers, reflecting the authenticity of Saudi hospitality and enhancing the spiritual experience for visitors to Makkah and Madinah.', Al-Otaibi added. Taiba Investments has a portfolio of approximately 40 properties, including hotels, residential communities, and commercial plazas. Taiba manages over 7,700 keys and has an additional 8 properties in development, in addition to partnerships with global hotel brands such as Marriott International, Sheraton, Crowne Plaza, and Holiday Inn.
