Mohammed al-Mutairi

Mohammed al-Mutairi
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)
Business Saudi Stock Market (Tadawul) (AFP)

How Will Gulf Stock Markets Perform this Summer?

Financial analysts and market experts predict a downturn for Gulf stock markets this summer. They foresee lower stock values, reduced trading volumes, sectoral…

Mohammed al-Mutairi (Riyadh)
Business The Al-Qasr project, one of the projects of Dar Al Arkan Real Estate Development Company in Riyadh (Reuters)

Saudi Real Estate Activities Record Deals Worth $170Bn Since Beginning of 2024

Real estate activities in Saudi Arabia continued to grow since the beginning of 2024, recording more than 280,000 transactions worth more than $170 billion …

Mohammed al-Mutairi (Riyadh)
Business Saudi Crown Prince Mohammed bin Salman holds a video call with Japanese Prime Minister Fumio Kishida on the sidelines of the Saudi Arabia-Japan Vision 2030 Forum. (SPA)

Saudi Crown Prince Emphasizes Kingdom’s Commitment to Stable Oil Supplies to Japan

Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, underscored on Tuesday the Kingdom’s commitment to maintaining the supply of crude…

Mohammed al-Mutairi (Riyadh) Asharq Al Awsat (Tokyo)
Business One of the traders monitors the performance of stocks in the financial market (AFP)

Saudi Banks Profit from Rising Lending, Deposit Volumes

Financial analysts connect the 8.2% increase in net profits for Saudi banks in the first quarter of 2024 to strong lending, higher demand for loans, and…

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

Riyadh’s Population Rise to 15 Million Helps Shift City towards Independent Economy

Real estate experts said that Riyadh’s goal to increase its population by about 15 million people in 2030 will contribute to its transformation into a city…

Mohammed al-Mutairi (Riyadh)