Financials and Investment News in Saudi Arabia

APICORP Posts 2021 Financial Results, Recording a Net Income of $99.6M
5/25/2022 - The Arab Petroleum Investments Corporation (APICORP), a multilateral financial institution, today announced that its Board of Directors recommended to the General Assembly the approval of its financia...
APICORP Recognized as Associate Member of IACPM
5/24/2022 - The Arab Petroleum Investments Corporation (APICORP), a multilateral lending institution, today announced that it has become an Associate Member of the International Association of Credit Portfolio Ma...
Aggregate Profit of Saudi-listed Companies, Excluding Aramco, Rise to SAR 42.7B in Q1 2022
5/24/2022 - Tadawul-listed companies reported SAR 184.71 billion aggregate net profit for the first quarter of 2022, a rise of 73%, or SAR 77.88 billion, from SAR 106.83 billion in the year-ago period, extending ...
APICORP Green Bond Wins ESG Bond Deal of the Year
4/26/2022 - The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, has won ESG Bond Deal of the Year at the Bonds, Loans & Sukuk Middle East Awards.

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Aramco Announces Full-year 2021 Results
3/20/2022 - The Saudi Arabian Oil Company has announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110.0 billion. Aramco declared a fourth quarter dividend ...
Saudi Arabia’s ACWA Power Announces Full Year 2021 Financial Results
3/16/2022 - ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today announced its full-year 2021 financial results, demonstrating str...
Sadara Announces 2021 Financial Performance with 67.7% Increase in Sales Over 2020
3/14/2022 - Sadara Chemical Company (Sadara) recently announced its 2021 financial performance, stating that the company’s sales reached SAR 17.6 billion — 67.7% higher than in 2020 and reflecting an important mi...
Advanced Subsidiary Signs SAR 3B Loan Agreement with SIDF
3/9/2022 - Advanced Petrochemical Company (“ADVANCED”) has announced to its shareholders that Advanced Polyolefins Industry Company, a Subsidiary company (“APOC”), has signed a Loan Agreement with the Saudi Indu...
Data Gumbo Announces Office in Saudi Arabia
3/1/2022 - Data Gumbo, the industrial smart contract network company, has announced the launch of an office in Khobar, Saudi Arabia. The new location will accelerate regional traction with leading industrial en...
SABIC Announces Fourth Quarter Results 2021
2/3/2022 - SABIC has announced its revenue for the fourth quarter of 2021 reached SAR 51.28 billion )$ 13.67 billion(, an increase of 17% compared with the third quarter of 2021, and a 56% increase year-on-year....
SABIC Reinforces its Global Brand Ranking With a 16% Increase in Brand Value
2/2/2022 - SABIC has announced a 16% year-on-year increase in its estimated brand value which now stands at US$4.67 billion.

The increase, confirmed in new reports by independent consultancy Brand Fi...
Aramco Announces Prosperity7 Ventures
2/1/2022 - Aramco officially announced the launch of Prosperity7 Ventures, a one-billion-dollar Venture Capital fund. The fund has been operational for over a year, but was launched officially by Aramco Chief Te...
Aramco Signs 50 Agreements During 6th IKTVA Forum
1/24/2022 - Aramco’s supply chain resilience has been further enhanced by the signing of 50 new Memoranda of Understanding (MoUs) at the In-Kingdom Total Value Add (iktva) Forum and Exhibition.

The 6th...
Aramco Announces Third Quarter 2021 Results
10/31/2021 - The Saudi Arabian Oil Company has announced its third quarter financial results, recording a 158% year-on-year (YoY) increase in net income to $30.4 billion and declaring a dividend of $18.8 billion t...
SABIC Announces Third Quarter Results 2021
10/28/2021 - SABIC has reported its earnings for the third quarter of 2021. The company’s revenue for the third quarter reached SAR 43.70 billion ($ 11.65 billion), representing an increase of 3% compared to the p...
Aramco, Air Products, ACWA Power Sign Asset Acquisition & Project Financing Agreements
9/27/2021 - - The JV formed in 2018 to enhance the overall value of Jazan refinery and integrated gasification combined cycle power plant, aiding in transforming the Jazan Province by positioning Jazan Economic C...
APICORP Launches Green Bond Framework
9/13/2021 -  The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral development bank today unveiled its new ESG policy framework. The launch of the framework comes as part of APICORP...
Aramco Raises $6B through the World’s Largest US-dollar Corporate Sukuk
6/17/2021 - The Saudi Arabian Oil Company has successfully raised $6 billion, following the sale of US dollar-denominated Shariah-compliant securities to leading institutional investors.

The issuance ...
ACWA Power's Maiden 7-year Sukuk Issuance Achieves Lowest Pricing Amidst 1.8x Oversubscription
6/15/2021 - ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 high-growth markets, has successfully raised SAR 2.8 billion, through a senior, unse...
Lamprell Provides Update on IMI Joint Venture
11/12/2020 - Further to the recent discussions with IMI regarding deferral of Lamprell's equity contribution to the Saudi maritime yard joint venture to H2 2021, Lamprell is pleased to announce that it has agreed ...

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