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Author Archives: enterpriseam admin
Posted inECONOMY
Saudi records SAR 57.7 bn budget deficit in 4Q 2024
Total expenditure for 4Q 2024 fell 9% y-o-y to SAR 360.5 bn
Posted inIPO WATCH
Derayah Financial prices Tadawul IPO at the top of the guidance range at SAR 30 per share
The offering for the institutional tranche was 162x oversubscribed
Posted inAUTOMOTIVE
Ceer signs SAR 5.5 bn agreements to localize EV components
The company aims to source over 40% of its raw materials locally
Posted inREAL ESTATE
Roshn Group signs SAR 1.5 bn agreements for Sedra development
Roshn also inked a number of supply chain agreements to support its ongoing developments
Posted inLOGISTICS
SADC acquires Tanzania’s Bagamoyo Port as part of East Gateway project
The East Gateway project aims to help Saudi Arabia to diversify its foreign investments in East Africa
Posted inEARNINGS WATCH
eXtra’s net income increases 37% y-o-y in 2024
Its subsidiary UIHC saw its net income grow 4.8% y-o-y over the same period
Posted inSAUDI IN THE NEWS
Trump-Putin summit in Riyadh cements Saudi Arabia’s role as a global powerbroker
Saudi Arabia rejects Palestinian displacement while seeking to leverage US ties for a more viable resolution
Posted inALSO ON OUR RADAR
Bawan completes acquisition of Petronash Holding
ALSO- the Kingdom’s first hydrogen-powered truck factory is coming to town