Mohammed al-Mutairi

Mohammed al-Mutairi
Business The interest rate cut will positively affect the Saudi stock market. (AFP)

Interest Rate Cut Boosts Corporate Revenues in Saudi Stock Market

Economic analysts predict that the recent 50-basis-point interest rate cut will positively impact the Saudi stock market by boosting liquidity, attracting more…

Mohammed al-Mutairi (Riyadh)
Business A general view of Riyadh, Saudi Arabia. (SPA)

Interest Rate Cut Boosts Saudi Real Estate Activity

Experts expect the recent 50-basis-point interest rate cut by the Saudi Central Bank (SAMA) to boost the Kingdom’s real estate market. The move is likely to…

Mohammed al-Mutairi (Riyadh)
Business SABIC accounted for approximately 69% of the sector’s net profits in Q2 2024, with an 85% growth. (SABIC)

Saudi Petrochemical Companies Projected to Increase Profitability Over Next Two Quarters

Economic analysts predict that Saudi Arabia’s petrochemical companies will continue to post strong profits in their financial results for the next two quarters…

Mohammed al-Mutairi (Riyadh)
Business Real estate in Makkah, western Saudi Arabia (SPA)

Real Estate Market Creates Positive Momentum in Saudi Market

In its first year, the Saudi real estate exchange recorded approximately 619,000 real estate transactions valued at over $273 billion (SAR 1.025 trillion),…

Mohammed al-Mutairi (Riyadh)
Business The Saudi benchmark index ended Monday’s session, closing at 12,023 points, 42 points higher than the previous day’s close, with total trading valued at about $2.13bln

Saudi Market Reclaims 12,000-Point Level

The Saudi stock market index has risen above the 12,000-point level, thanks to strong earnings from listed companies and global market declines. Analysts…

Mohammed al-Mutairi (Riyadh)
Business People walk in the lobby of the Saudi Stock Exchange. (AP)

Revenue Growth, New Projects Boost Profitability of Saudi Public Utility Companies

Public utility companies listed on the Saudi Stock Exchange (Tadawul) achieved a 15.76 percent growth in their net profits by the end of the first half of 2024…

Mohammed al-Mutairi (Riyadh)
Business The National Commercial Bank (NCB) continued to hold the largest share of the total net profits among banks listed on the Tadawul (AFP)

Three Factors Drive Record Profits for Saudi Banks

Saudi banks posted their highest-ever quarterly profits in Q2 2024, with net earnings up 13% from the same period last year. Analysts attribute this…

Mohammed al-Mutairi (Riyadh)
Business A man monitors the movement of stocks on the Saudi Tadawul index. (AFP)

Revenue Growth, Improved Operational Efficiency Boost Profitability of Saudi Telecom Companies

Telecommunications companies listed on the Saudi Stock Exchange (Tadawul) achieved a 12.46 percent growth in their net profits, which reached SAR 4.07 billion …

Mohammed al-Mutairi (Riyadh)