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Saudi PIF raises over $1bn with 2% stc stake sale 

Saudi PIF raises over $1bn with 2% stc stake sale 

  • Following the sale, PIF retains a 62 percent ownership in stc, equivalent to 3.1 billion shares
  • The sale aligns with PIF’s broader strategy to recycle capital into emerging sectors within the local economy
By By Reem Walid  ·
Saudi inflation holds steady at 1.9% despite global price pressures: GASTAT

Saudi inflation holds steady at 1.9% despite global price pressures: GASTAT

By Nirmal Narayanan  ·
COP29: UN Secretary-General calls for urgent collaboration to halt ‘catastrophic’ climate change

COP29: UN Secretary-General calls for urgent collaboration to halt ‘catastrophic’ climate change

By Miguel Hadchity ·
COP29: Saudi Arabia signs major green energy pact with Central Asian nations

COP29: Saudi Arabia signs major green energy pact with Central Asian nations

By Nirmal Narayanan  ·
Mizuho to launch Saudi ETF with sovereign fund PIF

Mizuho to launch Saudi ETF with sovereign fund PIF

By Arab News Japan ·
Saudi National Housing Co. signs 21 new deals on Cityscape’s 2nd day

Saudi National Housing Co. signs 21 new deals on Cityscape’s 2nd day

By REEM WALID  ·
Global energy sector employment increased by 3.8% in 2023: IEA

Global energy sector employment increased by 3.8% in 2023: IEA

By Nirmal Narayanan ·

In-Focus

COP29
COP29: UN Secretary-General calls for urgent collaboration to halt ‘catastrophic’ climate change
COP29: UN Secretary-General calls for urgent collaboration to halt ‘catastrophic’ climate change
COP29: Saudi Arabia signs major green energy pact with Central Asian nations
COP29: Saudi Arabia signs major green energy pact with Central Asian nations
COP29: Why are countries fighting over climate finance?
COP29: Why are countries fighting over climate finance?
Agriculture key to climate change mitigation, experts say
Agriculture key to climate change mitigation, experts say
Read more
Startup Of the Week
Startup Wrap – Saudi firms continue to lead regional activity
Startup Wrap – Saudi firms continue to lead regional activity
Startup Wrap – Regional startups across diverse sectors continue to raise funds
Startup Wrap – Regional startups across diverse sectors continue to raise funds
Saudi mobility startup Shift leads regional funding activity 
Saudi mobility startup Shift leads regional funding activity 
Oil Updates – prices ease on fears of higher output, sluggish demand

Oil Updates – prices ease on fears of higher output, sluggish demand

By Reuters ·
Dogecoin soars as Trump announces a government efficiency group nicknamed DOGE

Dogecoin soars as Trump announces a government efficiency group nicknamed DOGE

By AP ·
Number of active mining licenses in Saudi Arabia reaches 2,295

Number of active mining licenses in Saudi Arabia reaches 2,295

By Arab News ·
Saudi Arabia’s CMA approves regulatory changes to strengthen debt market

Saudi Arabia’s CMA approves regulatory changes to strengthen debt market

By Nadin Hassan ·
Saudi PIF to offer 2% of Saudi Telecom Co. shares to investors

Saudi PIF to offer 2% of Saudi Telecom Co. shares to investors

By REEM WALID  ·
Closing Bell: Saudi Arabia’s TASI closes in red, down 0.97%

Closing Bell: Saudi Arabia’s TASI closes in red, down 0.97%

By Nadin Hassan ·

Insight

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Latest updates

COP29: UN Secretary-General calls for urgent collaboration to halt ‘catastrophic’ climate change
COP29: UN Secretary-General calls for urgent collaboration to halt ‘catastrophic’ climate change
COP29: Saudi Arabia signs major green energy pact with Central Asian nations
COP29: Saudi Arabia signs major green energy pact with Central Asian nations
Saudi inflation holds steady at 1.9% despite global price pressures: GASTAT
Saudi inflation holds steady at 1.9% despite global price pressures: GASTAT
Oil Updates – prices ease on fears of higher output, sluggish demand
Oil Updates – prices ease on fears of higher output, sluggish demand
Mizuho to launch Saudi ETF with sovereign fund PIF
Mizuho to launch Saudi ETF with sovereign fund PIF

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