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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Saudi investors witness 40% fall in US equities trading in Q3 2023

The number of investment funds rose to 1,209 by the end of the three-month period, the highest on record.
  • This reflects a substantial year-on-year (YoY) fall of SAR 9.15 billion, equivalent to a 40 percent decrease.
  • According to a report from the Capital Market Authority (CMA), this decline in trading activity by Saudi investors represents the lowest point since Q4 2019.

Riyadh, Saudi Arabia — In the third quarter of 2023, Saudi investors engaged in sell and buy transactions on US equities with a total value of SAR 13.7 billion ($3.65 billion) through capital market institutions.

This reflects a substantial year-on-year (YoY) fall of SAR 9.15 billion, equivalent to a 40 percent decrease.

According to a report from the Capital Market Authority (CMA), this decline in trading activity by Saudi investors represents the lowest point since Q4 2019, when transactions amounted to SAR 13.6 billion.

The CMA highlighted an 8 percent decrease in Saudi trades in US stocks through capital market institutions from SAR 14.8 billion in the second quarter to SAR 13.7 billion in Q3 2023.

However, the CMA report does not provide specific details regarding the number of Saudi portfolios abroad, the extent of investors trading directly through foreign brokers, or the corresponding trading volumes, Argaam reported.

The transactions in the US market accounted for nearly 75.2 percent of total trading by Saudis in foreign markets, which stood at SAR 18.2 billion, the market regulator added.