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Author Archives: enterpriseam admin
Posted inECOMMERCE
Sary merges with Bangladesh’s ShopUp to launch new B2B platform, raising USD 110 mn
The round was co-led by Sanabil Investments and US-based Valar Ventures
Posted inDEBT WATCH
Lucid closes USD 1 bn convertible bond sale via private placement
Proceeds are earmarked to buy back convertible bonds
Posted inSports
Saudi looks to the private sector as 2034 World Cup liquidity crunch looms
Rafea Development targets USD 480 mn in investments
Posted inLEGISLATION WATCH
Fresh regs could see SPACs listed on Nomu for the first time
SPACs will have two years from their Nomu listing date to complete an M&A transaction
Posted inEARNINGS WATCH
Advanced Petrochemical back in the black in 1Q
Revenues almost doubled to SAR 614 mn
Posted inMOVES
Jabal Omar names Saleh Alhabdan as CEO
Alhabdan previously served as CEO at Taiba Investments
Posted inSAUDI IN THE NEWS
Tariff-triggered oil slump could deepen Saudi budget strain
Lower oil revenues could prompt deeper budget cuts, fresh debt issuance, and reprioritization of Vision 2030 projects
Posted inALSO ON OUR RADAR
Ades Holding bags an extension for its Egypt rig business
PLUS: Chemanol is investigating two previous acquisitions
Posted inPLANET FINANCE
CFO turnover remains high in 2024 as the role expands beyond traditional finance
The average CFO tenure dropped to 5.8 years in 2024