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Author Archives: enterpriseam admin
Posted inCAPITAL MARKETS
PIF throwing EV maker Lucid another lifeline ahead of 3Q results
Proceeds from both transactions are expected to come at a combined USD 1.67 bn
Posted inIPO WATCH
Al Rajhi’s fintech arm Ejada eyes IPO
IPOs in the Saudi tech sector are relatively uncommon
Posted inM&A WATCH
Abdul Latif Jameel Energy revives exit plans for Fotowatio
The divestment could value the company at up to USD 2.2 bn
Posted inIPO WATCH
Jana Medical is taking a 25% stake to Nomu
IPO proceeds will be allocated towards the procurement of medical equipment
Posted inDEBT WATCH
Alinma Bank extends Bahri USD 756 mn murabaha financing to modernize fleet
Bahri had paid 10% of the USD 1 bn contract for the new vessels upfront
Posted inSTARTUP WATCH
Jaras Hospitality closes SAR 2.5 mn pre-seed funding round
The capital is earmarked for improving the company’s product-market fit + expanding the customer base
Posted inSAUDI IN THE NEWS
Mukaab + US-Saudi regional plans
Mukaab aims to house 400k residents across 18 neighborhoods
Posted inALSO ON OUR RADAR
The gov’t looks to localize helicopter component + heavy-duty drone manufacturing
PLUS: Modon inks SAR 880 mn MoU with Sadel Group to build self-storage facilities