Saudi Tabreed has an operations and maintenance contract for the district cooling plant at King Abdullah Financial District. (Image source: hamza82/Flickr)

GIB Capital, the investment banking subsidiary of Gulf International Bank (GIB), has advised Saudi Tabreed District Cooling Company on the private placement of a significant minority stake in Saudi Tabreed to IDB Infrastructure Fund II

Saudi Arabias economy was hurt by the slump in oil prices. (Image source: James N. Mattis/Flickr)

Rating agency Moodys said that Saudi Arabias efforts to reign in spending would slow the growth of its non-hydrocarbon sector, seen as an important step in diversifying the economy away from oil revenues

Banks are currently acquiring, partnering and also sponsoring fintech companies. (Image source: Laymanzoom/Adobe Stock)

The current MENA fintech market is estimated at US$2bn and expected to witness an annual growth of US$125mn until 2022, according to MENA Research Partners (MRP), who added that increasingly compelling business models of fintech are expected to drive the market growth further

Mohammed bin Salman is the crown prince of Saudi Arabia. (Image source: James N. Mattis/Flickr)

With Saudi Arabia?s crown prince Mohammed bin Salman?s visit to France, both the countries look forward to build bilateral trade relations to strengthen security, economy and business between them