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The Saudi VC firm has sold its stake in Rain to Silicon Valley Grep VC
Author Archives: enterpriseam admin
Posted inIPO WATCH
MBC prices IPO at SAR 23-25 per share, is fully covered in first hour of subscription period
The offered price range values the company at as much as SAR 8.1 bn
Posted inInvestment Watch
NEOM takes stake in (regionally ubiquitous) Technogym + PIF buys into another luxury hotel chain
Technogym’s shares saw a c.6.9% markup as a result of the transaction, closing at EUR 9.20 from EUR 7.99 on thursday.
Posted inIPO WATCH
Riyadh Steel, Armah Sports close up in Nomu debuts
Investors cheer latest listings on Tadawul’s parallel market
Posted inECONOMY
Trade surplus falls in 3Q 2023 on lower oil output
Oil exports fell 27.8% y-o-y to SAR 231 bn in 3Q 2023
Posted inLOGISTICS
DP World invest some SAR 1.28 bn into the south container terminal at Jeddah Islamic Port
The south container terminal represents DP World’s first terminal concession outside of the UAE
Posted inMINING
It’s a go for Ma’aden, Ivanhoe mining venture in the kingdom
This will play into the kingdom’s efforts to unlock its USD 1.3 tn in mineral reserves.
Posted inMOVES
Arabia Insurance elects new chairman and vice chairman
Arabia Ins. names new chairman, vice chairman:Arabia Ins, Cooperative Co.’s (AICC) board of directors have appointed Abdulaziz Saleh Al Omair as chairman of the company, according to a disclosure to Tadawul yesterday. Al Omair had been the company’s vice chairman since 2014. The announcement comes after the company accepted the resignation of its former chairman […]
Posted inSAUDI IN THE NEWS
Mumble mumble COP28 mumble mumble
It’s a slow morning for Saudi Arabia in the foreign press today, with COP-talk leading the conversation. Bloomberg thinks a Saudi-led agreement to decarbonize the hydrocarbon industry is “controversial.” The story also got ink from Financial Times, which separately notes that the UN’s secretary-general has “lambasted” the COP28 presidency’s net zero charter, formulated and unveiled […]