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Saudi Exchange announces key changes to listing rulesThe Saudi Exchange has announced major amendments to the Listing Rules for debt instruments, aligned with the Capital Market Authority's (CMA) significant market enhancements, effective from its publishing date. More… |
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KSA largest Emerging-Market dollar debt issuer in H1Saudi Arabia was the largest US dollar debt issuer in emerging-markets (excluding China), and the largest sukuk issuer globally in H1, 2024. However, the kingdom's debt issuance will likely slow in the second half of 2024, Fitch Ratings sa More… |
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GCC debt market fragmented; continuing to rise: FitchGCC debt capital market (DCM) issuances should continue to rise through 2024 and 2025 and are steadily approaching $1 trillion outstanding, but with fragmentation across the bloc, says Fitch Ratings in a new report. More… |
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Hala Financing to provide debt-based crowdfunding solutionsThe Saudi Central Bank (Sama) has licensed Hala Financing to provide debt-based crowdfunding solutions. With this new addition, there are now 11 authorised companies offering debt-based crowdfunding solut More… |
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Steady global growth expected for 2024-25, says OECDThe global economy continues to grow at a modest pace, with a steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025, according to the OECD’s latest Economic Outlook. More… |
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Sukuk market set to grow; GCC DCM to cross $1 trillionSukuks are expected to grow further through the remainder of 2024 – albeit slowed from 1Q24 – and the GCC debt capital market (DCM) is well on its way to cross $1 trillion outstanding, says a Fitch Ratings report. &nbs More… |
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Acwa Power refinances $580m Al Dur Phase II IWPP debtSaudi-listed Acwa Power, the world’s largest private sector water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the refinancing of $580 million of existing debt for the Al Dur More… |
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Acwa Power refinances $580m Al Dur Phase II IWPP debtSaudi-listed Acwa Power, the world’s largest private sector water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the refinancing of $580 million of existing debt for the Al Dur More… |
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Acwa Power refinances $580m Al Dur Phase II IWPP debtSaudi-listed Acwa Power, the world’s largest private sector water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the refinancing of $580 million of existing debt for the Al Dur More… |
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Saudi Arabia completes early purchase of $9.52bn debtThe National Debt Management Center (NDMC) has announced the completion of an early purchase of a portion of the kingdom’s outstanding debt instruments maturing in 2024, 2025 and 2026 with a total value of SAR35.7 billion ($9.52 billion) More… |
