Trade surplus SR26.03bn (+328.8%) in May, but oil exports +19.5% to 75.6% of the total, while non-oil exports fell 26.1%.
The test isn't whether the surplus grows, it's whether it can grow when oil doesn't.
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$167 billion, and whose calendar it sits on
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.
Two and a half billion for megawatts
HUMAIN is seeking a fund with an initial target of $2.5 billion to finance 250-megawatt data centres being built with Al Moammar Information Systems, with capacity that could eventually rise to 1 gigawatt. BSF Capital manages the fund, Saudi Investment Bank is soliciting investors, and Capital Market Authority approval is expected to take 2 to 3 months, with financing structured as a mix of debt and equity.
Raising a dedicated fund, instead of using the balance sheet, positions data centre capacity as an investable asset class, with debt and equity allocated to external investors.
A stadium sponsorship's real price tag
Aramco's World Cup sponsorship is expected to add $26.1 billion to the company's corporate value, about 43% of the $61 billion in total corporate value generated across all tournament sponsors, with brand value up roughly $1.08 billion and 2.3% growth, fourth among official sponsors
A leading oil company has proven its ability to drive brand growth through a football tournament, outpacing gains from its traditional extraction activities. This decisive shift highlights the evolving conversation around value and product, demonstrating that companies must adapt to stay relevant.
