One of the largest in the GCC, Saudi Arabia’s insurance industry is expanding at a rate which some believe will soon see it surpass the UAE market to claim the title of regional leader. This rapid development is made all the more remarkable by the fact that until relatively recently the very concept of insurance was considered unacceptable by...
The size and buoyancy of Saudi Arabia’s hydrocarbons-driven economy mean that the country has long been of interest to foreign investors. As the most obvious point of entry for investors, the Saudi Stock Exchange has therefore been the focus of mounting interest into the possible opening of the economy to investment from non-residents....
THE COMPANY: Established in 1956, Abdullah Al Othaim Markets Company (Othaim) claims to be the second-largest food retailer in Saudi Arabia, with about 3.8% market share at the end of 2013. The company operates 121 locations including hypermarkets (7), supermarkets (80), wholesale stores (9) and...
COMPANY: Established in 1957 and headquartered in Riyadh, Riyad Bank operates through a network of 252 national branches and services its retail, corporate and institutional customers with a range of conventional and Islamic banking products. In addition, the bank provides insurance services through...
THE COMPANY: Saudi Basic Industries Corporation (SABIC) is Saudi Arabia’s largest publicly listed non-oil company. It was established in 1976 by royal decree to utilise the vast reserves of hydrocarbons in the country, especially natural gas, which until then had simply been flared off. SABIC is 70...
COMPANY: The Yanbu National Petrochemical Company (YANSAB) was established in 2005 by royal decree. The company’s stated purpose was to create a petrochemical complex in the Yanbu industrial city on Saudi Arabia’s Red Sea coast. YANSAB is a subsidiary of Saudi Basic Industries Corporation, better...
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