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Albilad Capital, Bloomberg in deal
Published in The Saudi Gazette on 19 - 12 - 2013

Albilad Capital has entered into an agreement with Bloomberg L.P. whereby Bloomberg will publish Albilad Capital's financial reports through their channels. This comes in light of investors' and international financial institutions' growing interest in the Saudi market. Hence these financial reports will become available to global investors currently trading in the Saudi financial market through investment funds or swap agreements.
Khalid bin Abdulaziz Al-Mukairin, Albilad Capital's chairman, said this move is an extension of Albilad Capital's commitment to keep both local and international investors into the Saudi financial market abreast of the changes undergone by companies listed on the local stock market, and to set up a database configuration that can serve as reference and beacon to all investors who would develop an outlook about the market and the listed companies.
It is worth mentioning that Albilad Capital publishes several economic reports on a regular basis, including quarterly corporate results reports that are usually released simultaneously with the end-of-season quarterly corporate results announcements. The reports also cover the consolidated profits of the market and the key financial indicators and compare them to the corresponding period of the previous year at the corporate level as well as at the sector level. Albilad Capital also publishes reports on the banking sector, which covers all the banks listed in the Saudi market, where it highlights in detail the key developments in the sector – including the sector's profits, the business segments and the key financial indicators. In addition, Albilad Capital publishes reports about the insurance sector and the corporate sector, which illustrates the key developments and change.–SG


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