PLUS: Sports Boulevard double its real estate fund value + Al Modawat Specialized Medical to ramp up Asir expansion to meet high demand
Author Archives: enterpriseam admin
ECB on track to cut interest rates next week, top bank officials suggest
The bank will still need to maintain restrictive rates until the end of the year, the bank’s chief economist added
Arab foreign ministers, European counterparts voice support for “irreversible steps” towards two-state solution
The attack by Israeli forces on a tent cap in Rafah late Sunday caused a global outcry
MAY 26-27 May (Sunday-Monday): Bookbuilding for retail investors in Smasco IPO. 27-28 May (Monday-Tuesday): Smart Data & AI Summit Saudi, JW Marriott Hotel, Riyadh. 29 May (Wednesday): Sanabil 500 MENA seed accelerator demo day, Four Seasons Hotel, Riyadh. Signposted to happen sometime in May: Global Trade Review (GTR): KSA Saudi Energy Convention JUNE 2 June […]
Faisal bin Farhan + Arab foreign ministers talk Gaza in Brussels
PLUS: Smasco IPO’s retail offering closes + Fakeeh Care Group final share allocation today
A brighter outlook
The non-oil economy is forecasted to grow at a 4.8% clip in 2024, up from 4.4% in 2023
PIF is one step closer to becoming Hadeed’s new owner
Sabic said earlier this year that it expects the sale of Hadeed to the PIF to draw in USD 1.7 bn-USD 1.9 bn upon completion
Mawani + DP World break ground on Jeddah Islamic Port logistics park
The facility, designed for storage, distribution, and enhancing trade volumes, is set to open in the 2Q 2025
Horizon Educational sets final Nomu IPO pricing
The final price gives the company a post-IPO market cap of SAR 135 mn