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The airline aims to carry 10 mn passengers by end of 2024
Author Archives: enterpriseam admin
Posted inIPO WATCH-
Neft Alsharq issues prospectus for Nomu IPO
Some SAR 2 mn of the proceeds will be channeled towards covering the offering’s expenses
Posted inECONOMY
Gov’t debt is still on a “benign” trajectory, S&P says
Saudi’s debt-to-GDP ratio is expected come at 26% in 2027
Posted inTOURISM
Domestic tourism did great in 1Q 2024
Jeddah, AlKhobar, Riyadh, Abha and Makkah were top local destinations
Posted inSTARTUP WATCH
Saudi startups raised a combined USD 4.8 mn in April
Total investments in MENA startups rose 7x y-o-y during the month
Posted inMOVES
Speedinvest taps Rana Abdel Latif as new partner
Abdel Latif was previously with Cairo-based fintech investment platform Nclude
Posted inEARNINGS WATCH
Lucid, Bupa Arabia + Al Rajhi Takaful report 1Q 2024 results
Lucid | Bupa Arabia | Al Rajhi Takaful
Posted inBANKING
SNB + Al Rajhi led a strong 1Q earnings season for listed banks
Plus: PIF-backed EV maker Lucid reporter a wider 1Q loss than analysts had predicted
Posted inALSO ON OUR RADAR
SAL Saudi Logistics launches unit for integrated fulfillment services. Plus: oil and gas and desalination
SAL Saudi Logistics | Ades Holding | Duba | Neom | Enowa | Alfanar Construction
Posted inPLANET FINANCE
DIFC is looking forward to its “busiest year ever”
Financial services authority boss says another Chinese bank will soon set up shop in DIFC