Mohammed al-Mutairi

Mohammed al-Mutairi
Business Telecom towers (AFP)

Rising Revenues, Operational Efficiency Boost Profits of Saudi Telecom Companies

Saudi Arabia’s listed telecom companies saw a 69% surge in net profits by the end of 2024, reaching SAR 28.39 billion ($7.57 billion), compared to SAR 16.79…

Mohammed al-Mutairi (Riyadh)
Business Image of buildings in the “Najdi Architecture” style (Eastern Province Development Authority)

‘Saudi Architecture Characters Map’ Boosts City Appeal for Investment

Economic and architectural experts have described Crown Prince Mohammed bin Salman’s launch of the “Saudi Architecture Characters Map” as a strategic shift,…

Mohammed al-Mutairi (Riyadh)
Business A trader monitors the screen at the Saudi Exchange in Riyadh. (AFP)

Positive Outlook for Saudi Stock Market Next Week

Saudi Arabia’s Tadawul All Share Index (TASI) ended the second week of March with a slight decline for the third consecutive week, closing down 0.73% at 11,725…

Mohammed al-Mutairi (Riyadh)
Business SABIC Manufacturing Site in Jubail, Saudi Arabia (Company's Website)

Saudi SABIC Expected to Achieve $1.2 Billion in Profits in 2024

Economic analysts expect Saudi Basic Industries Corporation (SABIC) to achieve a net profit of approximately $258 million in the fourth quarter of 2024,…

Mohammed al-Mutairi (Riyadh)
Business A worker at one of Masar’s projects in Makkah, Saudi Arabia. (Asharq Al-Awsat)

‘Umm Al-Qura’ Share Offering Strengthens Saudi Market and Boosts Economy

Economic experts and analysts see the plan by the Umm Al-Qura for Development and Construction Company (Umm Al-Qura) to list its shares on the Saudi Stock…

Mohammed al-Mutairi (Riyadh)
Business Photo of the Saudi capital, Riyadh (SPA)

Five Saudi Banks Achieve Record Profits of $14 Billion in 2024

Five Saudi banks reported record profit growth in 2024, an increase of approximately 12% compared to the previous year, with total earnings exceeding $14…

Mohammed al-Mutairi (Riyadh)
Business Hotels and shops are seen near the Prophet's Mosque in Madinah. (SPA)

Foreign Investment in Makkah, Madinah Real Estate Company Shares Boosts Capital Inflows 

Real estate experts have welcomed Saudi Arabia’s decision to allow foreign investment in real estate companies in the Makkah and Madinah regions. They said it…

Mohammed al-Mutairi (Riyadh)
Business Residential and commercial real estate in the Saudi capital, Riyadh (Asharq Al-Awsat)

Saudi Arabia: Rising Demand for Housing Units Drives Property Prices Higher

Real estate experts have attributed the ongoing rise in Saudi Arabia’s property price index, over 16 consecutive quarters, to significant and growing demand…

Mohammed al-Mutairi (Riyadh)