Financing trends for listed companies
Macroeconomic ReportAccess to long-term financing for companies listed on the Saudi stock market has been hit by the greater risk aversion of local commercial banks, but companies have utilized other sources of finance to make up for much of the shortfall.
Regional troubles hit Saudi markets
Macroeconomic ReportFinancial markets in Saudi Arabia are expected to remain volatile in the current period of regional political unrest. We think that investors should be cautious given the rapidly evolving events.
Debt, downgrade and Saudi Arabia
Macroeconomic ReportAugust has so far been a very volatile month for financial markets. The chances of a new global recession have risen, though the more probable outcome is a period of low economic growth. It is likely that the Kingdom’s stock market will remain volatile, but oil prices are still at a level that will support the high government spending that will drive the Saudi economy.
Macroeconomic Update – November 2021: (All is well, but risks remain)
Macroeconomic ReportThe Saudi economy is on-track to record a very strong level of growth this year, and we expect this to continue into next year. More specifically, we see the Kingdom’s economy growing by 7 percent year-on-year in 2022 as a result of sizably higher oil sector growth and robust levels of non-oil growth.
Monetary and Financial Update: Ample levels of liquidity
Macroeconomic ReportThe US Federal Reserve (Fed) kept the Federal Fund Rate (FFR) steady at a range between 0 to 0.25 percent since the early days of the pandemic in March 2020. In a meeting last week, the Fed outlined that it now expects to see interest rates rising earlier than previously anticipated, with two hikes expected in 2023.
