RIYADH: Saudi Pharmaceutical Industries and Medical Appliances Corp. has secured SR1.26 billion ($335 million) worth of Shariah-compliant financing to grow the business. Better known as SPIMACO Addwaieh, the firm obtained the facilities in the form of short-term loans to finance working capital needs, long-term loans for expansions and investments, and treasury facilities,
The Saudi Arabia microfinance market size was valued at $0.68 billion in 2021, and is projected to reach $1.68 billion by 2031, growing at a CAGR of 9.4%.
According to the report published by Allied Market Research, the Saudi Arabia microfinance market garnered $0.68 billion in 2021, and is estimated to generate
RIYADH: Saudi-based Bank Albilad has established a wholly owned payments arm in Riyadh with SR200 million ($53 million) capital, according to a bourse filing. Enjaz Payment Services Co., licensed by the Saudi Central Bank as a Major Electronic Money Institution, will handle all payments and remittances activities currently operated as a business division in the bank. The
RIYADH: Saudi stock started Monday’s session flat with the market uncertain over oil price fluctuations. As of 10:07 a.m. Saudi time, TASI and the parallel market Nomu opened at 12,227 and 21,780, respectively. Middle East Paper Co. topped the gainers with a 5.51 percent gain, following a 216 percent increase in first-half profits. Wafrah for Industry and Development Co.