RIYADH: Saudi Arabia’s Tadawul All Share Index fell 46.52 points to close at 11,138.05 on Sunday, exercising caution ahead of the US debt ceiling decision that has gripped global markets. While the parallel market Nomu slipped slightly to 21,0553.54, the MSCI Tadawul Index closed flat at 1,483.75. The total trading turnover of the benchmark index was SR4.66 billion ($1.24
The Saudi Authority for Industrial Cities and Technology Zones (MODON) launched new financing solutions in partnership with the private sector, to increase access to financing for entrepreneurs and owners of small and medium enterprises in the industrial sector. MODON signed a memorandum of understanding with Sukuk Capital to provide dynamic, competitive and comprehensive financing solutions that enable factories to achieve targeted growth and create an attractive environment for industrial investments.
RIYADH: Entrepreneurs and owners of small and medium enterprises in Saudi Arabia are set to have enhanced access to financing solutions thanks to a new agreement. The Saudi Authority for Industrial Cities and Technology Zones, also known as MODON, has signed a memorandum of understanding with Riyadh-based investment firm Sukuk Capital to boost funding opportunities in the
RIYADH: Saudi Arabia’s Cultural Development Fund has launched a $234 million Film Sector Financing Program to prop up the budding film sector in the Kingdom. As the name suggests, it is aimed at supporting the Saudi film industry by offering financial packages to local and foreign firms to empower the private sector and boost local content. The packages will be broadly focused