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HEALTHCARE-

IMC inaugurates new medical complex in Makkah: The International Medical Center (IMC), a Fitaihi Holding Group affiliate, opened a SAR 168 mn medical complex in Makkah’s Al Naseem district, Fitaihi said in a disclosure to Tadawul. The 19.9k sqm facility has 60 clinics.

ICYMI- IMC announced in November its plan to set up a new medical college in Jeddah, which will offer medical and nursing programs and a public health master’s degree, with a capacity for 1.2k students.

M&A WATCH-

Tihama Advertising and Public Relations signed a one-year non-binding MoU with Masar Alula to explore acquiring a stake in the firm, which owns the Hashikom restaurant chain, it said in a disclosure to Tadawul. The size and value of the stake were not disclosed. The move is still pending due diligence and regulatory approvals.

DEBT WATCH-

Knowledge EconomicCity lined up a SAR 150 mn shariah-compliant corporate facility from the Saudi Investment Bank, it said in a disclosure to Tadawul. The 4.5-year facility — guaranteed by land mortgages and promissory notes — will go toward financing the company’s working capital needs.

CONSTRUCTION-

Diriyah Company tapped Turner & Townsend as project and construction management consultant for the Northern District Construction Contract (NDCC), it said in a post on LinkedIn.

REMEMBER- The PIF-backed NDCC is a joint venture comprising local contractor El SeifEngineering Contracting (Esec) and China State Construction Engineering Corp (CSCEC) valued at SAR 7.8 bn. It was formed to develop a mixed-use district set to be home to educational institutions, cultural venues, offices, and a luxury hotel.

ALSO- The global consultancy firm was hired as cost consultant by PIF-owned housing developer Smart Accommodation for Residential Complexes Company (SARCC), according to another post.

BACKGROUND- SARCC was set up in October to address the housing needs of public and private sector staff working in major construction and development projects nationwide. The real estate development and managing firm has since acquired Al Nakhla Residential Resort in a SAR 2.5 bn transaction to serve as a residential hub for senior management professionals.

CAPITAL MARKETS-

Delta Alreadh Capital earned approval from the Capital Market Authority to begin managing securities-related investments and advising activities, according to a statement from the authority.

MEDIA-

MRC Saudi partners with Adspective to boost audience analytics and ad strategies: Homegrown Analytics firm Media Rating Company (MRC Saudi) partnered with Warsaw-based AI advertising company Adspective to provide real-time insights into audience behavior, ad performance, and content engagement across television, digital, and out-of-home media, according to a press release. The collaboration combines media analytics with AI-powered virtual product placement, allowing ads to be inserted directly into content based on viewer behavior. No investment ticket or timeline specifics were disclosed.

TELECOMS-

Aces partners with RANsemi to develop 5G Open RAN neutral host small cell system in Saudi Arabia: Homegrown EPC contractor Aces partnered with UK-based wireless semiconductor firm RANsemi to develop a 5G Open RAN neutral host small cell system in the Kingdom, according to a post on LinkedIn. Both companies will showcase their prototype system at the Small Cells World Summit (SCWS) in London in June.

REFRESHER- Aces partnered with Nokia last month to deploy a sharable indoor solution in Makkah, allowing three CSPs to operate a common network infrastructure, with the scalable deployment laying the groundwork for future 5G expansion.

INVESTMENT WATCH-

Saudi Arabia and Egypt will partner up to produce fertilizers and soil enhancers in North Cairo’s Nubariya, under an agreement inked between the Saudi Green Company for Agricultural Development and Egypt’s Agricultural Research Center, according to a statement. At a later stage, the two sides plan to collaborate on seed production, clean energy — with a focus on solar energy — medicinal and aromatic plants, and research. Fertilizer production will begin next June.

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