From time to time, Jadwa’s research team also publish in-depth reports on select themes.
Saudi Arabia’s current account returned another surplus in Q1-23, albeit one less than half the size of the Q1-22 surplus. A 15 percent year-on-year downturn in oil earnings combined with a 24 percent surge in import spending saw the surplus decline to $17.7 billion, down from almost $40 billion a year earlier.
The Kingdom’s approach to dealing with the Covid-19 pandemic can be held up as an effective model to the world. This relates not only to the initial swift lockdown of the country when news of the pandemic became known, but also around disease analysis, virus tracking and in the roll-out of the vaccination programme.
The role of small and medium enterprises (SMEs) is continuously mentioned as an important pillar in both developing and developed economies, as a vital way to spur economic growth and job creation.
The inclusion of Saudi Stock Exchange (Tadawul) into the MSCI EM as well as improved investor sentiment related to higher oil prices were some of the macro-level factors behind Tadawul All Share Indexs (TASI) 7 percent rise in Q2 2018.
Jadwa offered a rare investment opportunity through its acquisition of a 49 percent stake in UnitedMatbouli Group (UMG), one of the largest retailers and distributors of electrical appliances and consumer electronics in Saudi. UMG is the sole distributor of Samsung in Saudi Arabia, double-digit growth in sales and net income, a 50-year track record of doing business. The investment is structured as a Shariah-complaint closed-end fund and appears here for record purposes only.