RIYADH: Saudi Arabia’s Tadawul All Share Index is expected to consolidate and remain range-bound for the next three to six months despite a sharp correction in the equity markets and valuations moving below the average levels, according to a report by Al Rajhi Capital. In its report titled ‘Saudi Equity Market Report’ Al Rajhi Capital noted that selected banks and
RIYADH: Saudi banks are expected to witness higher loan growth this year and beyond driven by increased demand for corporate loans as the Kingdom is forecasted to register strong gross domestic product growth, stated a recent report by Al Rajhi Capital. The Riyadh-based financial services provider analyzed the Kingdom's top 10 banks and has raised its total loan growth
Saudi Arabia s The Tourism Development Fund (TDF) has entered into a strategic partnership with top lifestyle hospitality company Ennismore and leading asset manager Al Rajhi Capital, to develop a range of lifestyle projects across the kingdom.
The projects to be developed are part of the newly formed Lifestyle Hospitality Fund, which has recently received approval by the Saudi market regulator, Capital Market Authority (CMA).