Press Dossier   By Date  18/09/2021
Saudi regulator supports Fintech industry with new regulatory measures
Saudi Arabia's financial markets regulator is adding new measures aiming at enhancing the fintech regulatory framework.
Wataniya Insurance board recommends $53.3m capital increase
Wataniya Insurance Company’s board of directors recommended on Thursday to increase the company’s capital through a SR200 million ($53.3 million) rights issue, according to a bourse filing.
National Water Co. awards $95.4m contract to manage Riyadh water services
Saudi Arabia’s National Water Company has awarded a seven-year contract to manage water services and environmental treatment in Riyadh to a consortium of Alkhorayef Water and Power Technologies and France’s Veolia, Argaam reported.
New Saudi committee tasked to regulate foreign investments as Kingdom opens up
Saudi Arabia has formed a new committee to regulate foreign investments and protect the Kingdom's critical sectors such as utilities.
UAE central bank looking to replace benchmark rates: Reuters
The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources said, as it tries to catch up with global regulators who have called time on such benchmarks after banks' attempts to rig them.
UAE to announce $13.8 billion investment expansion across Britain
Abu Dhabi’s Mubadala Investment Company is set to invest around £10 billion ($13.85 billion) into British sciences, technology, energy transition and infrastructure, the Financial Times reported on Thursday, citing a government official briefed on the talks.
King Salman Energy City signs management agreement with Hutchison Ports
King Salman Energy Park (SPARK) has signed an agreement with Hutchison Ports that will see the firm manage and operate the dry port and logistics area of the eastern province-based project.
Saudi Real Estate Co. to raise $426.4m to finance Qiddiya, Roshan projects
Saudi Real Estate Co. (Al Akaria) plans to raise SR1.6 billion ($426.4 million) via priority rights issue to finance projects and plans including Qiddiya, Roshan and other major projects related to Vision 2030, CEO Ibrahim Al-Alwan confirmed in an interview on Tuesday.
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