Multiple sectors across Saudi economy set to see investment boost through Vision 2030 – The National
- Date: 11-Dec-2022
- Source: The National
- Sector:Financial Services
- Country:Saudi Arabia
Multiple sectors across Saudi economy set to see investment boost through Vision 2030 – The National
Key sectors of Saudi Arabia’s economy, from real estate to tourism and energy, are set to benefit from investments flow through the Vision 2030 programme as the kingdom continues to diversify its economy, according to S&P Global Ratings.
These sectors including digital infrastructure, food and agriculture healthcare, telecoms and utilities will see significant spending growth over the medium and long term, with funding to come largely from the debt capital markets, the rating agency said in a report.
“We do not think the government's Public Investment Fund and the banking sector alone will be able to fund these investments. It will fall to the debt-capital markets to support a large portion of these new opportunities,” it said.
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Radar: a 'steal'
6 months ago, Saudi National Bank paid US$1.5B for 9.9% stake in Credit Suisse ("Credit Suisse shares are a ‘steal,’ say new Saudi backers after taking 9.9% stake"). fast forward: SNB lost more than $1B, or around 80%, on its investment.
https://seekingalpha.com/news/3948942-saudi-national-bank-hit-with-over-1b-loss-on-credit-suisse-stake-report
Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit Suisse, it said on Monday after the Swiss bank’s takeover deal with domestic rival UBS on Sunday.
#SNB #SaudiArabia
/Saudi/L(24.8N,46.7E) National /Bank/L(26.3S,27.5E) strategy unaffected by hit to Credit /Suisse/L(49.0N,6.6E) investment...
Saudi National Bank strategy unaffected by hit to Credit Suisse investment http://reut.rs/3JSJOh9
🤔Will this increase Saudi Arabia's interest in joining BRICS?🔥
http://cnbc.com/2023/03/20/saudi-national-bank-loses-over-1-billion-on-credit-suisse-investment.html
Saudi National Bank loses over $1 billion on Credit Suisse investment https://cnb.cx/3ZYtUHz
ダメだ
「やーめた」とバッサリ。Credit Suisse's largest shareholder will not provide more investment to the troubled lender, Saudi National Bank Chairman Ammar Al Khudairy tells @BloombergTV https://bloom.bg/3ZRIEYU
"The answer is absolutely not"
Credit Suisse's largest shareholder will not provide more investment to the troubled lender, Saudi National Bank Chairman Ammar Al Khudairy tells @BloombergTV https://bloom.bg/3ZRIEYU
No more investment in @CreditSuisse, says Saudi National Bank https://www.agbi.com/articles/no-more-investment-in-credit-suisse-says-saudi-national-bank/ @AGBInsight
No more investment in @CreditSuisse, says Saudi National Bank, which took a 9.9% stake last November #creditsuisse @AGBInsight
https://www.agbi.com/articles/no-more-investment-in-credit-suisse-says-saudi-national-bank/
Swiss central bank supports Credit Suisse as stock plummets by 30% after largest shareholder, Saudi National Bank, announces no further investment. #CreditSuisse #SwissCentralBank #SaudiNationalBank #Investment #StockMarket
“… the chair of #Saudi National Bank, a major @CreditSuisse shareholder, ruled out any further investment [as Credit Suisse] revealed that its auditor, PwC, had identified ‘material weaknesses’ in its financial reporting controls…”🤔 #compliance
![“… the chair of #Saudi National Bank, a major @CreditSuisse shareholder, ruled out any further investment [as Credit Suisse] revealed that its auditor, PwC, had identified ‘material weaknesses’ in its financial reporting controls…”🤔 #compliance](https://pbs.twimg.com/media/FrThifFWIAI4tLL.jpg)
Breaking news: Credit Suisse to borrow up to $54bn from Swiss central bank https://on.ft.com/3LszQnZ
シカゴファンドの投資戦略 CHICAGO FUND INVESTMENT STRATEGY : Everything Fine at Credit Suisse, Saudi National Bank Head Says
http://blog.livedoor.jp/chicago555/archives/66362888.html
#CreditSuisse is deep crisis. Contagion looms.Stock plunged as 31%, biggest ever one-day selloff. Top shareholder Saudi National Bank rules out more investment. Lender appealed to Swiss National Bank for support. Cost of Credit Suisse-linked default swaps skyrockets
The chairman of Saudi National Bank said Wednesday that his company will not commit to further investment in Credit Suisse Group AG. https://www.law360.co.uk/articles/1586094
Today's vocab: 出資 (しゅっし) equity investment; financeing
クレディ・スイスは、サウジ・ナショナル・バンクに出資をことわられた。
Credit Suisse was turned down by the Saudi National Bank.
出 しゅつ・でる out
資 し capital
＃出資 #buisnessJapanese #Japaneseschool #Toranomon
Another BREAKING 🚨: Credit Suisse, one of the top Investment Banks tier two with a market cap of ~$8.3B Swiss francs wants to borrow up to ~$54B from the Swiss National Bank to calm investors panic. The Saudi National Bank ruled out providing more financial assistance.2023huh?🤦🏻♀️
Breaking News: Credit Suisse will borrow up to $54 billion from the Swiss central bank in a bid to ward off concerns about its financial health. https://nyti.ms/3Lrj0FS
After SVB, it's Credit Suisse.
1. Share price plunged by 24%
2. Largest shareholder, Saudi National Bank, rules out more investment.
3. Switzerland’s central bank would provide liquidity to “if necessary”.
4. Q2/2022: Depositor outflows of $122b, trend “not yet reversed”.
Switzerland’s central bank said it would provide liquidity to Credit Suisse “if necessary” after its share price plunged by 24%. Triggering Wednesday’s sell-off was a statement by Credit Suisse’s largest shareholder, Saudi National Bank, ruling out more investment.
1/2
Credit Suisse to borrow up to $54bn from Swiss central bank
to boost liquidity & calm investors after its share price plummeted -30%
This sell-off came after chair of Saudi National Bank,major Credit Suisse shareholder, ruled out any further investment. https://on.ft.com/3Ftty3L
Od lat Credit Suisse ma poważne problemy.
Do największych akcjonariuszy instytucjonalnych należą Saudi National Bank, Qatar Investment Authority, BlackRock i Saudi Olayan Group.
Saudyjczycy odmówili dalszej pomocy.
Credit Suisse shares down 20% 📉 as Saudi National Bank declines further investment. Swiss National Bank maintains bank's solvency and pledges support if necessary. 🏦
#CreditSuisse #finance #stocks #investing #banking #news #latest
The Saudi National Bank rules out further assistance, as the troubled investment bank nosedived to a record low.
クレディ・スイスの筆頭株主、追加支援の可能性を否定 https://www.bloomberg.co.jp/news/articles/2023-03-15/RRK168DWLU6801 @businessから
Friday's agreement, signed by Iran's top security official, Ali Shamkhani, and Saudi Arabia's national security adviser Musaed bin Mohammed Al-Aiban, agreed to re-activate a 2001 security cooperation accord, as well as another earlier pact on trade, economy and investment.
Pakistan warmly welcomes the normalization of diplomatic relations between the Kingdom of Saudi Arabia and the Islamic Republic of Iran facilitated by the People’s Republic of China
Pakistan @ForeignOfficePk in a statement said https://twitter.com/FaisalzUpdates/status/1634168710737846273
If @Jim_Jordan and @RepMTG ACTUALLY cares about national security they would be investigating #Kushner. In addition to his Saudi blood money, “Kushner failed to mention…that his company Cadre held a weighty investment from a #Russian whose companies had
#ROSHN l روشن, the Public Investment Fund (PIF)-backed giga-project and Saudi Arabia’s national real estate developer, has announced the unveiling of #WAREFA , its third major development in the Kingdom and its second residential community in #Riyadh. https://saudi.tpg.media/roshn-launches-warefa-in-riyadhs-al-janadiriyaah-district/
S&P:
The #Saudi Investment Bank Assigned 'ksaAA/ksaA-1+' Saudi Arabia National Scale Ratings; Outlook Stable
#SaudiInvestmentBank #SAIB
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