Fahad Abuljadayel, Bloomberg News Journalist Profile

Articles

HSBC-Backed Firm Launches Saudi Arabia’s First Quant ETF

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

1 week 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 week 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.
Saudi Chemicals Giant Posts Another Surprise Earnings Loss

1 week ago | bloomberg.com | Fahad Abuljadayel |Kateryna Kadabashy

(Bloomberg) -- Saudi chemicals giant Sabic recorded a surprise loss in earnings for a second straight quarter as the company suffers a slowdown in sales and undertakes a restructuring of its business to reduce costs. Saudi Basic Industries Corp. posted a net loss of 1.2 billion riyals ($320 million), according to a statement on Sunday. That compares with analysts’ estimates for a profit of 699 million riyals. Sabic also missed on revenue and earnings per share.
Saudi Telecom’s STC Bank to Expand Into Company Loans

3 weeks ago | bloomberg.com | Fahad Abuljadayel

A logo at the Saudi Telecom Co. stand on day two of the Mobile World Congress at the Fira de Barcelona venue in Barcelona, Spain, on Tuesday, Feb. 28, 2023. The annual flagship mobile industry and technology event runs from Feb. 27 to March 2. Photographer: Angel Garcia/Bloomberg(Bloomberg) -- Saudi Arabia’s largest mobile operator is expanding into corporate lending as it launches a new digital bank with backing from Western Union.
Luxury Confectioner Looks to Take Saudi Brand Global

1 month ago | bloomberg.com | Fahad Abuljadayel

A box of Bateel’s gourmet dates. (Bloomberg) -- Hanging precariously from the tops of towering date palms, farm workers painstakingly pollinate the trees by hand. With around 100,000 palms to fertilize in just days, the pressure is especially intense this spring. Located 250 kilometers (155 miles) northwest of Riyadh, the farm, owned by a company with links to the Saudi royal family, is plotting a massive global expansion under new Chief Executive Officer Nurtac Afridi.
Luxury Chocolatier Looks to Take LVMH-Backed Saudi Brand Global

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

Hanging precariously from the tops of towering date palms, farm workers painstakingly pollinate the trees by hand. With around 100,000 palms to fertilize in just days, the pressure is especially intense this spring. Located 250 kilometers (155 miles) northwest of Riyadh, the farm, owned by a company with links to the Saudi royal family, is plotting a massive global expansion under new Chief Executive Officer Nurtac Afridi.
Luxury Confectioner Looks to Take LVMH-Backed Saudi Brand Global

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

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Saudi Wealth Fund’s Alat Unit Buys 15% Stake in TK Elevator (1)

2 months ago | news.bloomberglaw.com | Fahad Abuljadayel |Eyk Henning |Swetha Gopinath

Alat, a unit of Saudi Arabia’s sovereign wealth fund, has bought 15% of TK Elevator and unveiled a joint venture that will make escalators and moving walkways, as the kingdom looks to boost domestic manufacturing. Financial details and the names of the selling shareholders were not disclosed.