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1 week ago | 
bloomberg.com | Laura Cuesta |Leen Al-Rashdan |Christine Burke
A Flynas aircraft at Cairo International Airport. (Bloomberg) -- Saudi Arabia’s Flynas Co.’s stock fell in its Riyadh trading debut as the escalating conflict between Israel and Iran reverberates across regional equity markets and pressures airline stocks. Shares in the low-cost carrier closed 3.4% lower at 77.3 riyals apiece, after swinging between sharp losses and gains. Trading was briefly halted twice in the first 20 minutes. Saudi Arabia’s main index fell over 1%.
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1 week ago | 
asreport.americanbanker.com | Christine Burke |Colin Keatinge
(Bloomberg) -- Saudi National Bank is tapping investors for a dollar-denominated debt sale, continuing a borrowing spree by the kingdom's lenders that are helping finance a $2 trillion economic overhaul. SNB launched the offering of a $1.25 billion Tier 2 note, with a tenor of 10 years and spread of 200 basis points over US Treasuries, according to a person familiar with the matter, who asked not to be identified discussing private information. Order books exceeded $4 billion, the person said.
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1 week ago | 
bloomberg.com | Christine Burke |Colin Keatinge
The Saudi National Bank headquarters in Riyadh. (Bloomberg) -- Saudi National Bank is tapping investors for a dollar-denominated debt sale, continuing a borrowing spree by the kingdom’s lenders that are helping finance a $2 trillion economic overhaul. SNB launched the offering of a $1.25 billion Tier 2 note, with a tenor of 10 years and spread of 200 basis points over US Treasuries, according to a person familiar with the matter, who asked not to be identified discussing private information.
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2 months ago | 
bloomberg.com | Omar Tamo |Christine Burke
Main equity benchmarks in Middle East countries including Saudi Arabia sank the most since 2020 on Sunday as investors reacted to the dual threats of a global trade war and depressed oil prices. Stocks on the kingdom’s main exchange fell as much as 6.1%, while gauges in Qatar and Kuwait dropped more than 5.5%. Saudi Aramco — the world’s biggest oil exporter — was a leading laggard, erasing more than $90 billion from its market capitalization after oil plunged.
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Mar 15, 2025 | 
bloomberg.com | Omar El Chmouri |Alex Dooler |Dinesh Nair |Christine Burke
For years, Saudi Arabia has leaned on advisory firms to drive an expensive overhaul of its economy. But the kingdom’s once insatiable appetite for foreign consultants is dimming, adding pressure on an industry already buffeted by pressures worldwide. While the country remains one of the biggest markets for consultants in the world, the pace of contract awards has started to slow, according to people familiar with the matter.
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Mar 11, 2025 | 
bloomberg.com | Henry Meyer |Christine Burke
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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Mar 10, 2025 | 
bloomberg.com | Kateryna Kadabashy |Christine Burke
A gigante brasileira de carnes JBS e a empresa saudita Almarai estão entre as empresas que disputam a compra da Alwatania, a maior produtora de aves do Oriente Médio, de acordo com pessoas familiarizadas com o assunto. As duas empresas apresentaram ofertas separadas não-vinculantes para uma compra direta da Alwatania, disseram as fontes, que pediram anonimato por discutirem informações particulares.
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Mar 10, 2025 | 
news.bloomberglaw.com | Kateryna Kadabashy |Christine Burke
Tanmiah and MHP-led consortium have also made separate bidsSaudi-based Alwatania has been exploring sale since last yearBrazilian meat giant JBS SA and Saudi company Almarai Co.are among companies vying to buy out Alwatania, the Middle East’s largest poultry producer, according to people familiar with the matter. The two firms have submitted separate non-binding offers for an outright purchase of Alwatania, said the people, who asked not to be identified discussing private information.
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Feb 28, 2025 | 
bloomberg.com | Alex Dooler |Christine Burke
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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Feb 8, 2025 | 
bloomberg.com | Christine Burke |Fahad Abuljadayel
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
