Latest news with #SebanScaria
Zawya
09-07-2025
- Business
- Zawya
Foreign investments in Saudi equities reached $970mln in June
Saudi Arabia's equities have seen continued international investor interest, with foreigners injecting SAR 3.64 billion ($970 million) into the kingdom's stock market in June 2025. Saudi individual investors also drove a net inflow of SAR 2.99 billion, while GCC investors recorded a net inflow of SAR 0.13 billion during the same period, according to Aljazira Capital Research. However, while foreign investors, GCC investors and Saudi individual investors acted as net buyers, institutional investors in the kingdom sold more shares than they bought, leading to a net withdrawal of SAR 6.76 billion from the stock market. The Tadawul All Share Index (TASI) ended last month at 11,164 points, marking a 1.58% growth from its previous close in May. However, the total value traded in June dipped by 7.9% to SAR 95.7 billion compared to the previous month. (Writing by Cleofe Maceda; editing by Seban Scaria)
Zawya
03-07-2025
- Business
- Zawya
Saudi Central Bank assets surpass $532bln
The Saudi Central Bank (SAMA) has posted around 5% growth in assets, underscoring the kingdom's growing financial reserves. Total assets as of May 2025 reached approximately SAR 2 trillion ( $532 billion), up from SAR 1.9 trillion a year ago. Foreign currencies recorded a significant increase, rising to SAR 292.8 billion in May 2025 from SAR 272.2 billion a year earlier. Miscellaneous assets surged substantially to SAR 273.8 billion from SAR 153.5 billion, while cash in vault grew to SAR 25.5 billion from SAR 22.6 billion over the same period. However, investment in foreign securities, which represent the largest asset category, dropped to SAR 969.5 billion from SAR 1 trillion. Gold holdings remained unchanged at SAR 1.6 billion. (Writing by Cleofe Maceda; editing by Seban Scaria)
Zawya
02-07-2025
- Business
- Zawya
Qatar Insurance launches $500mln T2 notes at 6.15%
Qatar Insurance Company's (QIC) has launched its $500 million USD perpetual non-call Tier 2 notes with yield set at 6.15%, tightening from initial price thoughts in the 6.75% area. Books are over $3 billion, excluding joint lead manager interest. The notes will be rated BBB by S&P, below the issuer's A–/A– (S&P/AM Best). (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
02-07-2025
- Business
- Zawya
Bahrain looks to raise $658mln in new bond issue
The Government of Bahrain is looking to raise BD 250 million ($658 million) in its latest development bond offering, which opens for subscription today, July 2, 2025. The new bond issue, listed on the Debt Primary Market, offers investors a fixed annual coupon rate of 6.25%, the Bahrain Bourse confirmed on Tuesday. The financial instrument matures in four years, and the annual coupon rate is paid semi-annually or every six months, providing investors with a consistent payout and the return of their investment at the end of the term. The subscription for the bond ends on Thursday, July 3, 2025. (Writing by Cleofe Maceda; editing by Seban Scaria)
Zawya
02-07-2025
- Business
- Zawya
Saudi Tadawul market cap falls 9% to $2.43trln
Market capitalisation on the Saudi Stock Exchange (Tadawul) has declined by nearly 10%, pointing to a more subdued investment environment compared to a year ago. At the close of the first half of the year, total equity market capitalisation stood at SAR 9.126 trillion ($2.43 trillion), down by 9.25% from the same period last year. The downward trend was also mirrored by the Tadawul All Share Index (TASI), which closed the first half of 2025 at 11,163.96 points, marking a reduction of 515.54 points, or 4.41% from its closing level 12 months earlier. The index did achieve a peak of 12,471.72 points last February 10, but the momentum wasn't sustained. The Saudi market also recorded SAR 688.09 billion in total value of shares traded between January and June 2025, marking a significant decline of 32.76% over the same period last year. The total volume traded reached 29.44 billion shares, down by 25.53% from a year ago. (Writing by Cleofe Maceda; editing by Seban Scaria)
