Capital Markets: Saudi Market is a Must-Market for International Investors
Anees Ahmed Moumina, CEO of SEDCO Holding talks about the outlook for the Saudi capital markets.
List of all articles filed under “saudi-arabia-report” category.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about the outlook for the Saudi capital markets.
Riyad Bank is one of the largest financial institutions in Saudi Arabia. The bank employs over 6,620 people and has 340 branches in Saudi Arabia, one in the UK, an agency in the US, and a representative office in Singapore.
Saudi Electricity Company is the Saudi electric energy company. It enjoys a monopoly on the generation, transmission and distribution of electric power in Saudi Arabia.
Established as an exchange house in 1957 and converted to a bank in 1988, Al Rajhi Bank is a Saudi Arabian bank and the world’s largest Islamic bank by capital.
STC is a leading telecom and technology services provider for individuals and businesses. The company offers a variety of ICT solutions and digital services in several categories including telecommunications, IT, financial technology, digital media, cybersecurity, and other advanced digital solutions.
Saudi Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals.
The term we use is “Beit Binzagr” as opposed to Binzagr Group. “Beit Binzagr” is a house, in Jeddah that means a trading house. A number of other merchant families would also refer to themselves as “Beits”.
The challenge at FDI, is how to bring foreign direct investments into a country with a troubled neighborhood. But as one of the emerging market powers, the public equity is going to be opened in Saudi Arabia in the middle of this year.
Education has been the governmental priority for some time now, since the days of the late King Abdullah. A lot of resources have been invested in education. I believe this is the right way for the country to develop. The most important thing in the sector is the type of education the country needs. We certainly need more practical and applied education, rather than theoretical education. Now, we need industries, we need doctors and engineers. We need applied, practical and scientific education.
The market contains around 480 aircrafts. It is expected to double to about 1000 in 2020. Saudia Private Aviation has the best knowledge in this field. We built out biggest and largest FBO in Saudi Arabia for private aviation.