Saudi women-owned companies jump 60 percent

The report places the Kingdom first among leading countries in the Middle East and North Africa region. (AFP file photo)
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Updated 25 February 2021
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Saudi women-owned companies jump 60 percent

  • World Bank regional director: Kingdom has adopted legislative reforms and lifted restrictions on women’s work

RIYADH: Saudi Arabia was the top reformer and improver among 190 economies in the World Bank’s Women, Business and the Law 2021 report, achieving a score of 80 out of 100, ahead of last year’s 70.6 rankings.

The report places the Kingdom first among leading countries in the Middle East and North Africa region (MENA).

Saudi Arabia will achieve further progress in women employment, World Bank’s Regional Director for GCC, Issam Abu Sulaiman, told Al Arabiya on Wednesday.

“The Kingdom is continuing its bold women-related legislative reforms despite the challenges posed by the COVID-19 pandemic, which will be reflected positively in achieving the Vision 2030 goals,” he said.

Abu Sulaiman said that the Kingdom has adopted a package of legislative reforms that has significantly transformed the lives of women, most notably lifting restrictions on their work in industrial sectors and in night jobs, such as nursing.

These steps contributed to Saudi Arabia’s progress from the 70th to the 80th place in the global index in the space of a year. The Kingdom also increased the number of women-owned companies by 60 percent in the past two years.

Abu Sulaiman said that he hoped Gulf countries will follow the Kingdom’s efforts in this regard, adding that women’s participation in the labor market in Saudi Arabia increased from 22 percent to nearly 30 percent.

According to the World Bank report, this achievement confirms the strength and continuing momentum of legislative reforms in women’s regulations, as the Kingdom has achieved gender equality in all areas of employment to cater to the needs of the labor market.

Saudi Arabia has achieved a full score of 100 in five key indicators out of eight measured by the report: Women’s mobility, pension, entrepreneurship, work environment and salary, while maintaining its score in the other three indicators: Marriage, childcare, assets and property.

The Kingdom’s new global standing places it among developed economies with historical depth in implementing reforms and regulations related to women.


Qatar lists first green sukuk as Al Rayan raises $137m 

Updated 10 February 2026
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Qatar lists first green sukuk as Al Rayan raises $137m 

RIYADH: Qatar Stock Exchange listed its first green sukuk after Al Rayan Bank raised 500 million Qatari riyals ($137 million), expanding the range of sustainable Islamic finance instruments in the market. 

The three-year sukuk carries an annual profit rate of 4.25 percent and is listed on QSE’s debt market, according to Qatar News Agency. The issuance is the first green sukuk in Qatar’s financial market and the first by an entity registered with the Qatar Financial Centre to be locally listed, cleared and settled. 

The listing reflects efforts to deepen Qatar’s debt market and broaden access to Shariah-compliant instruments aligned with environmental, social and governance standards as investor demand for sustainable assets grows globally. 

Abdullah Mohammed Al-Ansari, CEO of QSE, said: “The listing of the first green sukuk in QSE’s history represents a significant milestone in the development of Qatar’s capital market. It reflects our commitment to expanding the range of sustainable, Shariah-compliant financing instruments and enhancing the depth and diversity of the debt market in line with global best practices.”  

He added: “This achievement also underscores QSE’s role as an integrated platform capable of supporting innovative financing solutions that align with national development priorities and long-term sustainability goals.” 

Al Rayan Bank CEO Fahad Abdullah Al-Khalifa said the issuance underscores the lender’s ambition to lead in ESG-linked Islamic finance while strengthening the domestic capital markets infrastructure. 

“By offering the first green sukuk to be listed, cleared, and settled in Qatar, we are not only reinforcing our role as a forward-looking institution but also contributing to the development of the local capital markets infrastructure,” he added.  

Al Rayan Bank said the issuance reflects its ambition to play a leading role in advancing Qatar’s sustainable finance ecosystem by aligning Islamic banking principles with financing structures designed to deliver long-term value. 

The listing comes amid continued development of QSE’s debt market, which has recently introduced inaugural corporate bonds, Islamic sukuk and sustainable bonds. 

The green sukuk provides investors with a tradable Shariah-compliant asset that combines financial returns with environmental objectives, supporting portfolio diversification while reinforcing sustainability standards in the local market.