PIF to Sell Thiqah to Elm in $907 Million Deal to Strengthen Saudi Arabia’s ICT Sector

Prime Highlights:  Elm will acquire 45,000 shares of Thiqah, each valued at SR1,000 ($266.56), marking a full acquisition of Thiqah’s share capital.  The transaction supports Saudi Vision 2030 by advancing…

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Read more about the article Amman Stock Exchange to Boost Market with Bond Trading and Tax Reforms
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Amman Stock Exchange to Boost Market with Bond Trading and Tax Reforms

Prime Highlights:  The Amman Stock Exchange (ASE) will introduce government bond trading to enhance market liquidity and attract global investment, following regional trends like Saudi Arabia's debt market reforms.  Efforts…

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Saudi Ports Achieve 14.45% Growth in Cargo Handling Reaching 320.78 Million Tonnes in 2024

Prime Highlights: Saudi ports processed 320.78 million tonnes of cargo in 2024, marking a 14.45% year-on-year increase. Container exports rose by 8.86%, reaching over 2.8 million TEUs, up from 2.59…

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Read more about the article Saudi Arabia to Open 5,000 Sq. Km of Mining Exploration Opportunities in 2025
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Saudi Arabia to Open 5,000 Sq. Km of Mining Exploration Opportunities in 2025

Prime Highlights: Saudi Arabia to offer 5,000 sq. km of mineral exploration sites in 2025. Mining sector valued at $2.5 trillion, aiming to become the third pillar of the Kingdom’s…

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Global Sukuk Issuance Expected to Reach $200bn in 2025 Driven by Saudi Arabia and Malaysia

Prime Highlights: Global sukuk issuance in 2025 projected to range from $190 billion to $200 billion. Foreign-currency denominated sukuk issuance grew by 29% in 2024, totaling $72.7 billion. Saudi Arabia…

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Qatar-Jordan Trade Exchange Reaches $248 Million in 2024 Reflecting Growth in Bilateral Relations

Prime Highlights: Qatar-Jordan trade exchange in 2024 totaled $248.16 million (910 million Qatari riyals), a 5.81% increase from the previous year. The increase in trade was primarily driven by higher…

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King Khalid International Airport’s Terminal 1 Expansion Increases Passenger Capacity to 7 Million Annually

Prime Highlights: Inauguration of Terminal 1 expansion at King Khalid International Airport, Riyadh. The expansion boosts annual passenger capacity from 3 million to 7 million. Expanded Capacity and Modernization of…

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