Mohammed al-Mutairi

Mohammed al-Mutairi
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)
Business Skyscrapers are seen in King Abdullah Financial District in the Saudi capital, Riyadh. (Reuters).

Saudi Arabia Raises $12 Billion in International Bonds Amid Strong Demand

Saudi Arabia has raised $12 billion from global debt markets in its first international bond issuance of the year, attracting bids worth nearly $37 billion…

Mohammed al-Mutairi (Riyadh)
Business Riyadh’s Expo 2030 logo adorns the capital’s sky (Asharq Al-Awsat).

Saudi Real Estate Transactions Surpass $533 Billion in 2024

Real estate transactions in Saudi Arabia exceeded $533 billion (SAR 2.5 trillion) in 2024, covering over 622,000 deals and spanning approximately 5.8 billion…

Mohammed al-Mutairi (Riyadh)
Business An investor stands in front of a screen displaying information from the Saudi Stock Exchange (Tadawul) in Riyadh (Reuters).

Banking and Energy Sectors Bolster Saudi Market, Index Poised for Further Gains

Strong financial results and profits from the banking sector and energy companies have fueled significant gains in the Saudi stock market during recent…

Mohammed al-Mutairi (Riyadh)