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Altea Partners, the privately owned merchant banking firm operating at the intersection of capital flows between Europe, the Middle East, and North America, today announced the appointment of Ahmad AlFarabi as Partner & Chief Growth Officer, based in Riyadh. The appointment marks the latest step in the build-out of the firm's presence in the Kingdom.
Banque Saudi Fransi (SAU:1050) reports a robust first quarter with increased net income and asset growth, despite facing higher operating expenses and market pressures.
As geopolitical tensions between the U.S. and Iran create uncertainty, most Gulf markets have turned red, with Dubai's main index experiencing a notable decline. In this climate of volatility, dividend stocks can offer a measure of stability by providing consistent income streams to investors amidst fluctuating market conditions.
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