PLUS: Aramco reportedly tapped Citigroup to advise on multi-bn asset sale
Author Archives: enterpriseam admin
Posted inM&A WATCH
PIF raises SAR 950 mn in Masar share sale
The latest offer price represents a 32% premium to Masar’s final IPO price of SAR 15 just eight months ago
Posted inECONOMY
Riyad Capital upgrades 2026 GDP growth to 4.4%
Riyad Capital maintained its non-oil sector expansion rate projection of 4.6% this year, before anticipating a slowdown to 4.3% in 2026
Posted inLOGISTICS
Modon signs SAR 8.8 bn in industrial, logistics agreements at Unido
The projects span across more than 3.3 mn sqm of space
Posted inM&A WATCH
Ades wraps up Shelf Drilling acquisition
Ades plans to refinance Shelf’s debt this year, targeting over USD 30 mn in annual interest savings
Posted inSTARTUP WATCH
Geothermal tech Strataphyn bags USD 6 mn in seed funding
Strataphyn will channel the funding into advancing its technology
Posted inALSO ON OUR RADAR
Dar Global awards main contract for Trump Tower Jeddah to ACC
The tower is scheduled for completion by December 2029