Arabias

Saudi Arabia’s stock market closes higher; Tadawul All Share index increases by 0.07% according to Investing.com

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Saudi Arabia’s stock market closes higher; Tadawul All Share index increases by 0.07% according to Investing.com

Saudi Arabia stocks closed higher on Tuesday, with gains in the , and sectors leading shares higher. At the close, the added 0.07%. Some of the best performers of the session on the were Al Baha Investment and Development Company SJSC (TADAWUL:), which rose 8.33%, Zamil Industrial Investment Co (TADAWUL:) which added 6.39%, and Saudi … Read more

“Saudi Arabia’s sovereign wealth fund scales back on global investments”

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“Saudi Arabia’s sovereign wealth fund scales back on global investments”

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is planning to reduce the share of its international investments by about a third, signaling a shift towards focusing more on the domestic economy. With approximately $930 billion in assets, the PIF aims to decrease the proportion of funds invested overseas to between 18 and … Read more