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Derayah Financial debuts on Saudi Exchange after $400m IPO

Derayah Financial debuts on Saudi Exchange after $400m IPO

Derayah’s listing aligns with Saudi Arabia’s broader efforts to deepen its capital markets as part of the Financial Sector Development Program under Vision 2030

Ras Al Khaimah raises $1bn in sukuk offering amid strong investor demand

Ras Al Khaimah raises $1bn in sukuk offering amid strong investor demand

The sukuk was issued under the sukuk programme by RAK Capital, a special purpose vehicle affiliated with the government of Ras Al Khaimah

The arab energy fund and hartree partners set up climate tech investment platform image for illustrative purposes GettyImages

The Arab Energy Fund, Hartree Partners set up $120m climate tech investment platform

The UK-incorporated platform will invest in venture capital (VC) stage companies developing physical and digital decarbonisation technologies

GE Vernova fuels Saudi Arabia’s energy transition with bold initiatives at the ‘New Era of Energy’ forum 2

GE Vernova boosts Saudi energy initiatives with new investments, alliances

GE Vernova announced plans to expand its GE Saudi Advanced Turbines (GESAT) facility in Dammam to locally manufacture high-voltage gas-insulated switch gears

Riyadh named among top 15 cities in Savills growth hubs index GettyImages

PwC seeks to ‘mend relations’ with Saudi Arabia following suspension

Bloomberg News reported that executives at the PIF have been told to stop handing out consulting projects to PwC until February 2026

Saudi Arabia unveils new official Riyal symbol

Saudi Arabia unveils new official Riyal symbol

The new Saudi Riyal symbol is inspired by Arabic calligraphy and aligns with the kingdom’s Vision 2030

Riyadh Air to commence operations by end of 2025, says CEO

Riyadh Air to start operations by end of 2025, says CEO

Riyadh Air is expected to start operations by the end of the year, the CEO said at an FII Institute event in Miami

Saudi Arabia's Entaj sets final offer price for IPO

Saudi Arabia’s Entaj sets final offer price for IPO

This pricing reflects an implied market capitalisation of SAR1.5bn (approximately $400m) at listing

Saudi Crown Prince meets US Secretary of State Rubio in Riyadh

Rubio arrived in Saudi Arabia earlier in the day from Israel where he began his first visit to the region as the top US diplomat

Saudi's stc Group, SambaNova launch sovereign AI cloud platform

Saudi’s stc Group, SambaNova launch sovereign AI cloud platform

This new platform is set to run the world’s largest open-source frontier model, powered by the fastest inference speeds for Llama 405B

Zoom, center3 partner for node deployment in Saudi Arabia

This initiative introduces high-performance infrastructure to address the increasing demand for low-latency conferencing

DeepFest spotlights women driving innovation

A number of female industry leaders and entrepreneurs took to the DeepFest stage, championing the sector’s drive for gender equality

LEAP 2025: How tech will transform Saudi Arabia’s FIFA World Cup

The World Cup is not the result – it is a milestone in a journey that Saudi Arabia is continuously investing in

Tabby raises $160m Image courtesy Tabby

Tabby raises $160m, becomes MENA’s most ‘valuable’ fintech

Since its last funding round in October 2023, Tabby has nearly doubled its annualised transaction volume to over $10bn while maintaining profitability

LEAP 2025: What tech leaders have to say about their participation

LEAP 2025: What tech leaders have to say about their participation

We spoke to key leaders from these companies about the event and their participation

LEAP 2025: AI data centre, key tech deals signed

The data centre will boast of a a capacity of 1.5 gigawatts in Oxagon – the floating industrial city being developed in the Red Sea.

Tahaluf CEO Mike Champion on LEAP’s meteoric rise in Saudi Arabia

A driving force behind LEAP’s rapid expansion in Riyadh, Mike Champion gives us an insider’s view on how Tahaluf is reshaping the region’s event landscape

Tech To Make Riyadh Epicentre of MENA Music by 2030, Grammy Awards President Tells DeepFest 2025

Tech to make Riyadh MENA music hub by 2030, says Grammy head at DeepFest

The Recording Academy, which launched the Latin Grammys 25 years ago, is now looking to help music and artists from the Middle East and North Africa gain global traction

DeepFest 2025 opens in Riyadh, showcases Saudi Arabia’s AI ambitions

DeepFest 2025 showcases Saudi Arabia’s AI ambitions

DeepFest 2025 features more than 150 speakers and 120 exhibitors, welcoming over 50,000 participants globally

qualcomm-aramco launch-industrial_ai-enabled-smartphone-GettyImages-1241753513

Qualcomm, Aramco Digital to develop AI-enabled 5G industrial smartphone

Revealed at LEAP 2025, the new industrial smartphone will enhance connectivity for 5G IoT devices, edge computing, and industrial applications

LEAP 2025 launches image courtesy Saudi Press Agency

LEAP 2025 starts in Riyadh, unveiling $14.9bn in AI investments

The event reinforces Saudi Arabia’s ambition to establish itself as a primary hub for digital transformation and a destination for technology investments

How AI can help transform waste management in Saudi Arabia

The scale of Saudi Arabia’s waste management challenge demands innovative solutions aligned with Vision 2030’s sustainability goals

Saudi Arabia welcomes 60 million visitors in H1 2024

Saudi investment funds: New possibilities explored

The Capital Market Authority (CMA) in Saudi Arabia has initiated a public consultation regarding proposed changes

How LEAP 2025 is shaping Saudi Arabia’s tech ambitions

LEAP 2025 promises even more with 1,800 global tech brands, 680 startups, and 1,000 expert speakers showcasing next-gen solutions in sectors such as space, gaming, education, and smart cities

Saudi Arabia, UAE seen as ‘possible venues’ for Trump-Putin summit

Trump has said he will end the war in Ukraine as soon as possible and said he is ready to meet with Putin

Saudi Arabia IPO: PIF-backed developer Umm Al Qura to list on Tadawul

Saudi IPO: PIF-backed developer Umm Al Qura to list on Tadawul

The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market

Red Sea Residences Promenade Residential View

Saudi Arabia: Red Sea Global unveils luxury Red Sea Residences

The first of Red Sea Residences’ developments is located on Shura Island at The Red Sea destination, with properties set to be ready for handover by the end of 2025

Saudi Arabian poultry producer Entaj plans to sell 30% stake in Riyadh IPO

Saudi Arabian poultry producer Entaj plans to sell 30% stake in Riyadh IPO

The firm has appointed SNB Capital as the lead manager, financial adviser, bookrunner and underwriter for the IPO

PIF-owned Folk Maritime focused on driving regional trade, says CEO Poul Hestbaek

PIF-owned Folk Maritime focused on driving regional trade, says CEO

With Vision 2030 driving infrastructure growth, Saudi Arabia is poised to become a global logistics hub, and Folk Maritime will play a pivotal role in this transformation, says Poul Hestbaek

Saudi Arabia's PIF completes $4bn bond issuance

Saudi Arabia’s PIF completes $4bn bond issuance

The offering was four times oversubscribed with strong demand from a range of global investors