Enaya Cooperative Insurance

ENTERTAINMENT-

Qiddiya Investment Company launched PlayMaker Studios at Qiddiya City, adding a state-of-the-art film production facility to the Kingdom, it said in a statement. The complex features two purpose-built soundstages, workshops, production offices, and integrated production facilities for regional and international projects. It also provides on-site support for permitting, logistics, and operational services and offers access to Saudi Arabia’s 40% production financial rebate program.

A growing studio: Construction has begun on two additional soundstages, scheduled for completion in 2026. Future expansion plans include post-production, visual effects, volumetric, and music studios.

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M&A WATCH-

Salama Cooperative Ins. Company and Enaya Cooperative Ins. Company announced the timeline for their binding merger via a share swap following regulatory approval, according to a disclosure toTadawul(pdf). The creditor objection period ends on 18 December, electronic voting begins on 31 December, and General Assembly meetings are scheduled for 4 January 2026.

If approved, Enaya shares will be suspended on 5 January, followed by delisting and the issuance of Salama shares. The merger is expected to take full effect on 7 January, with fractional share distributions completed by early February. Enaya shareholders will receive some 0.82 Salama shares for each Enaya share.

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