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Author Archives: enterpriseam admin
Posted inAVIATION
Flyadeal eyes wide-body jet order to support expansion plans
The budget airline is looking to increase its passenger capacity on popular routes
Posted inSTARTUP WATCH
Saudi Arabia captured 53% of MENA venture debt in 2023 -Magnitt
Saudi startups raked in USD 400 mn in venture debt (VD) in 2023, rising 602% y-o-y, according to venture data platform Magnitt’s FY 2023 Venture Debt report. VD in MENA hit an all-time high of USD 757 mn during the year, with Saudi accounting for 53% of the region’s total. UAE + Egypt round out […]
Posted inEARNINGS WATCH
Ataa Education sees revenue, net income inch up in 1Q 2024
Net income grew due to acquisitions despite raising financing costs
Posted inALSO ON OUR RADAR
Arabian Drilling suspends two offshore rigs with Aramco
PLUS: A new Hajj e-wallet, courtesy of Saudi National Bank
Posted inPLANET FINANCE
Mashreq’s USD 500 mn bond sale meets heavy demand, allows lender to lock in the lowest coupon by a UAE bank in past three years
The issuance was 4.4x oversubscribed
Posted inDIPLOMACY
Defense pact with Brazil + Islamabad is drafting a strategic partnership agreement
Crown Prince Mohammed bin Salman was due to visit Islamabad last month
Posted inCALENDAR
JUNE 4-7 June (Tuesday-Friday): Saudi Sports Show, Riyadh. 4-7 June (Tuesday-Friday): Aqarat Expo, Riyadh. 5 June (Wednesday): Growth Summit Riyadh, InterContinental Riyadh, Riyadh. 5 June (Wednesday): World Environment Day. 5 June (Wednesday): Digital Transformation Summit, Riyadh. 6 June (Thursday): Saudi Manufacturing Show, Riyadh. 10 June (Monday): #teamLabBorderless, Jeddah. 10 June (Monday): Deadline to register for […]
Posted inWHAT WE’RE TRACKING TODAY
Aramco execs are hitting the road to drum up interest in oil giant’s secondary offering
PLUS: CMA signs off on two fresh IPOs