Cyber security jobs top list of fastest-growing roles in Saudi Arabia, LinkedIn study shows

The research claims that nearly 85 percent of workers feel confident enough to push for a promotion or new job opportunities at work. (Getty Images)
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Updated 23 January 2022
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Cyber security jobs top list of fastest-growing roles in Saudi Arabia, LinkedIn study shows

  • A slew of new government policies in the region have impacted the data published by LinkedIn

RIYADH: Cybersecurity specialists, talent acquisition experts, and back end developers are among the fastest-growing jobs in Saudi Arabia, according to new data from global professional networking firm LinkedIn.
The pandemic, digitalization and a slew of new government policies in the region have all impacted the list published by the company this year, which reveals that a staggering 9 in 10 MENA professionals feel confident in their current role. This increased confidence is in turn driving a desire among the workforce to change jobs, with 72 percent of professionals in KSA considering a switch this year.
Skills such as network security and user interface design are also some of the fastest growing skills in the region, as technology continues to hold center stage in the region’s agenda.
It was found that the desire to consider a new job role seems to decrease with age with nearly nine in 10 — 87 percent — of Gen Z surveyed looking for a change compared to the 71 percent of boomers and Gen X.
Ali Matar, head of LinkedIn MENA and EMEA Venture Markets said: “A staggering 8 in 10 professionals in the UAE and KSA are considering changing their jobs.
“This is part of a larger global trend that has also seen companies revamp policies and benefits to not just hire, but also retain quality talent.
“Candidates are being increasingly selective about the organizations they choose to apply for — citing flexibility, compensation, and company culture as critical factors.”




Ali Matar, Head of LinkedIn MENA and EMEA Venture Markets


The research also claims that nearly 85 percent of workers feel confident enough to push for a promotion or new job opportunities at work, while almost half — 48 percent — of the workers surveyed in Saudi Arabia think their confidence in their role will only get better in 2022.
Competition in the Kingdom was found to have dropped by around 29 percent, and job seekers across markets are in a stronger position to negotiate salaries and terms that benefit their ideal world of work.
One of the key motivators of this surge in worker confidence is the increase in flexible working, with 51 percent of the workforce saying that it has made them more confident to think about trying a new career.


Saudi Aramco raises $4bn in bond sale as investor demand holds strong 

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Saudi Aramco raises $4bn in bond sale as investor demand holds strong 

RIYADH: Saudi Aramco raised $4 billion through a multi-tranche bond sale, extending its run of international debt offerings as the world’s largest oil exporter taps strong investor appetite for Gulf investment-grade debt. 

The notes were issued under the company’s Global Medium Term Note Program and priced on Jan. 26, Aramco said in a statement. The bonds are listed on the London Stock Exchange and span maturities from 2029 to 2056. 

This comes as Aramco remains an active borrower in global markets, having raised $5 billion through a bond sale in June and a further $3 billion via an international sukuk in September, after completing a $6 billion bond deal and a $3 billion sukuk offering in 2024. 

The latest transaction underscores the company’s ability to secure long-dated financing at competitive rates as it balances expansion spending with shareholder returns. 

Ziad Al-Murshed, Aramco’s executive vice president and chief financial officer, said: “This issuance is part of Aramco’s focused strategy to further optimize its capital structure and enhance shareholder value creation.” 

He added: “The attractive pricing achieved on the transaction reflects global investors’ continued confidence in Aramco’s financial strength and resilient balance sheet. We remain firmly committed to maintaining disciplined capital management and delivering long-term value to our shareholders.” 

The notes include a $500 million tranche due in 2029 with a 4 percent coupon and a $1.5 billion tranche due in 2031 at 4.37 percent. 

They also comprise a $1.25 billion tranche due in 2036 at 5 percent, alongside a $750 million 30-year tranche maturing in 2056 with a 6 percent coupon. 

A key indicator of the transaction’s success and Aramco’s robust credit standing was the achievement of negative new issue premiums on three of the four tranches, the statement said. 

The proceeds are expected to support the company’s ongoing capital expenditure programs, which include investments in both upstream oil and gas capacity and downstream chemical projects, as well as its strategic initiatives in new energy sectors. 

The transaction highlights Aramco’s ability to leverage its superior credit profile to secure cost-effective financing, aligning its capital structure optimization with its broader ambition of sustainable value creation for its shareholders.