Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Inflation Report – February 2011
Inflation fell to 4.9 percent in February, from 5.3 percent in January. This is the sixth consecutive month in which the inflation rate has eased and the first time it has been below 5 percent since April 2010.
Inflation Report - January 2011
Inflation fell to 5.3 percent in January from 5.4 percent in December. Januarys figure was the lowest since April 2010 and marks the fifth consecutive month that inflation has eased.
Middle East Specialized Cables
Special reportMiddle East Specialized Cables (MESC) is primarily a producer of custom made cables targeting the industrial sector. In recent years the company has diversified into the production of low and medium voltage cables to benefit from the construction boom and open up new export markets.
Jadwa Technology Special Opportunities Fund
Special reportJadwa offered its investors a rare investment opportunity through Jadwa Technology Special Opportunity Funds acquisition of a 49 percent stake in United Matbouli 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, with double-digit growth in sales and net income, and a 50-year track record of doing business. The investment is structured as a Shariah-compliant closed-end fund and appears here for record only.
Jadwa UK Special Opportunities Fund
Special reportJadwa UK Special Opportunities Fund is an English Limited Partnership. The General Partner is incorporated under the laws of England. The Fund has acquired both income generating assets and has successfully traded jointly invested development land. The Fund has recently refinanced the remaining assets in order to initiate further value enhancing strategies. Future performance is dependent upon further strengthening of both regional office and retail sectors and successful implementation of current value enhancing initiatives.
