MAY May: World Intellectual Property Organization (WIPO) Global Awards 2025 announces finalists. 4-8 May (Sunday-Thursday): Adeer Real Estate Nomu IPO offering period. 5 May (Monday): Opec+ meeting. 6-7 May (Tuesday-Wednesday): US Federal Reserve Open Market Committee meeting. 9 May (Friday): PFL Mena Season 2 Kick-off. 11-13 May (Sunday-Tuesday): Future Hospitality Summit, Mandarin Oriental Al Faisaliah, […]
Author Archives: enterpriseam admin
Posted inWHAT WE’RE TRACKING TODAY
Opec+ pushes forward with production increase in June
PLUS: The US approved a USD 3.5 bn weapons sale to the Kingdom
Posted inECONOMY
GDP grows 2.7% in 1Q 2025 + Gastat updates 2023 figures amid wider revisions
Non-oil activity drove the expansion with 4.2% y-o-y growth
Posted inECONOMY
Vision 2030 reforms buffer Saudi from global uncertainty -IMF
The Fund downgraded its MENA growth forecast to 2.6%
Posted inDEBT WATCH
PIF closes USD 1.25 bn sukuk offering with 6.5x oversubscription + Banque Saudi Fransi raises USD 650 mn in AT1 bonds
The Kingdom is expected to borrow heavily this year
Posted inIPO WATCH
Asas Makeen to open subscription for its Nomu IPO on 19 May
This is a secondary share sale
Posted inDEBT WATCH
Debt capital market to exceed USD 500 bn by year-end - Fitch
The domestic debt capital market grew 16% y-o-y to USD 465.8 bn in 1Q
Posted inSTARTUP WATCH
Nqoodlet lands USD 3 mn in seed funding round + Tuba raises USD 8 mn in pre-seed round
Nqoodlet’s round was led by Wa’ed Investments, with backing from Omantel and others