Kamco Invest puts Saudi bond and sukuk maturities for 2026–2030 at $167.4bn, the largest in the GCC, 64.5% of it dollar-denominated, with 73.5% of the corporate share held by banks and financial institutions.
When we opened Issue 01 with record credit of SR3.2tn, that was the top of the curve. The banks have their own maturities to meet now; price anything you plan to borrow for off the next two years of lending, not the last two.
Explore more signals
Fifty megawatts becomes 250
Al Moammar Information Systems received a letter of award expanding its AI data centre project with HUMAIN from 50 megawatts to 250 megawatts, adding 200 megawatts in phases. The expanded contract value exceeds 689% of the company's total 2025 revenue, which was SAR 1.27 billion; the original award announced in March represented more than 155% of 2024 revenue. Work on the first 50 MW continues while engineering, procurement and construction begin on the additional capacity, with contract procedures to be finalised within two weeks.
The company increased its capacity from 50 to 250 megawatts and reported SAR 1.27 billion in revenue last year. This rapid growth in scale exceeded the pace of business development.
Saudi VC halved, then halved again
Saudi venture capital funding fell 74% year on year to $219 million in H1 2026, from roughly $853 million in H1 2025, across 72 deals, down 41% from 122. Fintech took 67% of dollars ($147 million); the Kingdom held a 34% share of MENA deal count, with early-stage rounds at 83% of all deals.
Deal count fell 41% while dollar volume fell 74%, the average check shrank even faster than the number of deals. Investors aren't just doing less; they're doing smaller, which is the more telling half of this number.
Ten percent of the country
Aramco and Maaden are forming a joint venture, Maaden at 51%, Aramco at 49%, to explore Zone-4 of the Arabian Platform, about 182,000 square kilometres, close to 10% of The kingdom's land area, targeting copper and other energy-transition minerals along a 100-km-wide corridor. Saudi mineral wealth is valued at over SR9.3 trillion ($2.5 trillion), against a Vision 2030 target of lifting mining's contribution to GDP to SR240 billion.
Aramco’s 49% stake, rather than a controlling interest, positions this as a capability contribution. Aramco provides subsurface data, while Maaden will operate the business.
