Fahad Abuljadayel, Bloomberg News Journalist Profile

Articles

Saudi PIF-Backed Digital Bank Courts Investors for Funding

3 weeks ago | bloomberg.com | Fahad Abuljadayel

(Bloomberg) -- D360, a digital bank backed by Saudi Arabia’s Public Investment Fund, is in early-stage talks with potential investors for a planned funding round in the second half of the year. The lender, which began operations in December, is targeting the first quarter of 2026 to close the Series A funding, Chief Executive Officer Eze Szafir said in an interview last week.
Саудиска Арабија инвестира во проект на Жерар Пике

4 weeks ago | mk.bloombergadria.com | Fahad Abuljadayel |David Hellier

Сподели ја веста WhatsApp Viber Link copied Copy link Бизнис 31 мај 2025, 07:30 Саудиска Арабија станува новата дестинација за Кралската лига (Kings League), турнир основан од Жерар Пике, за да се искористи растечката база на фудбалски навивачи во земјата и да се зголеми ангажманот на младите во спортот.
Saudis Crack Down on Illegal Hajj Pilgrims After 2024 Fatalities

1 month ago | bloomberg.com | Fahad Abuljadayel |Siraj Datoo |Yassmin Jabri

Muslim pilgrims arrive to perform the symbolic ‘stoning of the devil’ ritual during the hajj pilgrimage in Mina, near the holy city of Mecca, in June 2024. (Bloomberg) -- Saudi Arabia is stepping up efforts to curb unauthorized pilgrims from the annual Hajj journey that starts next week, a year after more than 1,300 people died during the gathering amid extreme heat.
Saudi Sports Fund SURJ Backs Pique’s Seven-a-Side Kings League

1 month ago | bloomberg.com | Fahad Abuljadayel |David Hellier

Kings League was founded in 2022 by former Barcelona defender Gerard Piqué. (Bloomberg) -- Saudi Arabia is to become the latest home of Gerard Piqué’s Kings League tournament, in a bid to capitalize on its growing football fan base and boost sports engagement among its youth.
Aramco, Saudi Telecom Join Sequoia in Backing US-Based Graphiant

1 month ago | news.bloombergtax.com | Fahad Abuljadayel

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Aramco, Saudi Telecom Join Sequoia in Backing US-Based Startup Graphiant

1 month ago | bloomberg.com | Fahad Abuljadayel

(Bloomberg) -- The venture capital arms of Saudi Arabia’s oil and telecom giants have invested in US tech startup Graphiant Inc. as the kingdom seeks to drive innovation and develop its digital economy. Saudi Aramco’s Wa’ed Ventures and Saudi Telecom Co.’s Tali Ventures put up a combined $19 million in the network connectivity firm, expanding on investments already secured in a $102 million funding round by others including Sequoia Capital, according to a statement.
HSBC-Backed Firm Launches Saudi Arabia’s First Quant ETF

1 month ago | bloomberg.com | Fahad Abuljadayel

An investor tracks share price movements on a computer screen at ANB Invest, the investment arm of the Arab National Bank, in Riyadh, Saudi Arabia, on Wednesday, Jan. 25, 2012. Saudi Arabia's Capital Market Authority is in discussions with international banks to open the country's stock exchange to foreign investors early next year, three bankers familiar with the matter said.
Stuff

1 month ago | stuff.co.nz | Fahad Abuljadayel
Saudi Firm Brings Westfield Malls to Kingdom Amid Tourism Push

1 month ago | bloomberg.com | Fahad Abuljadayel

(Bloomberg) -- Saudi Arabia’s largest mall operator is bringing Westfield-branded shopping centers to the kingdom, in a bid to capitalize on the government’s push to drawn as many as 150 million tourists annually by 2030. Arabian Centres Co. has inked a 10-year franchising deal with Unibail-Rodamco-Westfield SE, with an option to extend for another decade, the firms said in a statement. The initial phase of the deal will focus on three malls, which will be re-branded as Westfield centers.
Saudi Chemicals Giant Posts Another Surprise Earnings Loss

1 month ago | financialpost.com | Fahad Abuljadayel |Kateryna Kadabashy

Advertisement 1Saudi chemicals giant Sabic suffered a surprise loss in earnings for a second straight quarter, adding to signs the company is struggling to cope with market uncertainty and broad industry headwinds. Article content(Bloomberg) — Saudi chemicals giant Sabic suffered a surprise loss in earnings for a second straight quarter, adding to signs the company is struggling to cope with market uncertainty and broad industry headwinds.