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While output expanded in July, the pace of growth was the slowest in three-and-a-half years
Author Archives: enterpriseam admin
Posted inM&A WATCH
Ades Holding takes over Dubai-based Shelf Drilling in a SAR 1.4 bn merger
Ades will pay SAR 5 per share, representing a 62% premium to Shelf Drilling’s close on 4 August
Posted inEARNINGS WATCH
Bupa Arabia’s net income down in 2Q + Cenomi Retail is deeper in the red
Al-Futtaim’s acquisition of 49% in Cenomi will drive its recovery by a SAR 1.3 bn loan
Posted inON TALK SHOWS
Lucid’s market impact, and football clubs ramping up the competition
Riyal Deal hosted PIF-backed Lucid Motors Middle East President Faisal Sultan
Posted inSAUDI IN THE NEWS
The Kingdom bets on Aseer’s cool peaks to lure tourists
Projects include the Seven Legends Resort
Posted inALSO ON OUR RADAR
Ajlan & Bros’ real estate arm raises a USD 300 mn syndicated Murabaha loan
ALSO- Startup Bouk hits the ground running, closing pre-seed funding round days after launch
Posted inPLANET FINANCE
Wall Street warns pullback is coming, but says buy the dip
Pundits see a correction of 10-15% looming this quarter
Posted inCALENDAR
7 July-24 August (Monday-Sunday): Esports World Cup, Riyadh. 5-17 August (Tuesday-Sunday): 2025 Fiba Asia Cup, Jeddah. 7 August (Thursday): Deadline for institutional investors to book a minimum of 50k shares and a maximum of roughly 800k shares each in Marketing Home Group IPO. 11-12 August (Monday-Tuesday): Monsha’at’s Jadeer Tour in Khobar, SME Support Center, Khobar. […]
Posted inWHAT WE’RE TRACKING TODAY
It’s Aramco earnings day
Good morning, wonderful people. We would say it’s not a particularly busy day here in the Kingdom, if it weren’t for earnings season being in full swing — with more to come in the days ahead. Besides the flurry of earnings reports, we lead our news well this morning with the latest IMF Article IV […]