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Tadawul’s benchmark index TASI shed roughly 4.8% on the month
Author Archives: enterpriseam admin
Posted inInvestment Watch
Hotel101 to invest USD 2.5 bn to expand into the Kingdom
Up to 10k hotel rooms are expected to be developed under a JV with Horizon Group
Posted inEDUCATION
EFG Hermes's SEP partners with First School Management to launch GEMS-branded schools in KSA and Bahrain
This marks the first intellectual property agreement under FSM's global advisory initiative
Posted inBANKING
Saudi banks report second-biggest quarterly growth in net income in the region in 1Q -Kamco
The sector’s top line hit a new record high of USD 34.6 bn during the quarter
Posted inEARNINGS WATCH
UCIC’s 1Q net income drops 46% y-o-y to SAR 18.7 mn
The drop was driven by rising paper costs and lower selling prices in the corrugated segment
Posted inALSO ON OUR RADAR
AlJomaih secures SAR 825 mn for Rabigh 2 plant
ALSO: LCGPA + SNT Gulf sign agreement to localize heat recovery systems
Posted inPLANET FINANCE
M&A activity surged in the region in 1Q 2025
The UAE dominated the region’s M&A league table as the top target country
Posted inDIPLOMACY
FM Faisal bin Farhan touches down in Damascus
AND- The presidents of the Maldives and Mauritania arrive in Madinah
Posted inCALENDAR
27 May-1 Jun (Tuesday-Sunday): Al Khaldi’s Nomu IPO subscription period JUNE 1 June (Sunday): Axelerated Solutions begins trading on the Nomu parallel market. 4-9 June (Wednesday-Monday): Hajj. 5-10 June (Thursday-Tuesday): Markets close for Eid Al Adha. 6-10 June (Friday-Tuesday): Eid Al Adha. 17-18 June (Tuesday-Wednesday): US Federal Reserve Open Market Committee meeting and Summary of […]