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Shares of pharma player Almujtama will trading today on parallel market Nomu, opening at SAR 40
Author Archives: enterpriseam admin
Posted inM&A WATCH
Sabic, TotalEnergies mull sale of USD 1 bn chemical plant in US
Reportedly on offer is part of the world’s largest styrene and polystyrene plant in Carville, Louisiana
Posted inENERGY
Ades inks contracts in Indonesia + Algeria worth a combined SAR 1 bn
Oil driller Ades lands contracts in Indonesia, Algeria: Fresh off its hot IPO, Tadawul-listed oil and gas drilling company Ades Holding has inked three contracts worth combined SAR 1 bn (USD 293 mn) in Indonesia and Algeria, it said in a regulatory filing (pdf) yesterday. Southeast Asia is new for the Egypt-born company: State-owned Pertamina […]
Posted inM&A WATCH
Telecoms giant Zain KSA divests fully from tower operator Golden Lattice
The Public Investment Fund is paying a 20% premium to GLI’s book value to buy the 20% of the tower operator that it didn’t already owen
Posted inM&A WATCH
PIF-backed sports venture acquires MMA rival Bellator from Paramount
The Professional Fighters League a serious power move to acquire MMA rival and challenge industry leader UFC
Posted inHOSPITALITY
Hilton wants 85 hotels in Saudi Arabia by 2030 — a more ambitious rollout than previously announced
Hilton has more ongoing projects in the kingdom than it does in any other EMEA market
Posted inMOVES
Citi management shakeup has no real Saudi impact. PLUS: Aramco nabs Socar trader.
Carmen Haddad remains in the region, and Fahad Al-Deweesh has already led Citi’s KSA operation for nearly six months
Posted inTRENDING
War in Gaza, Al Nassr FC’s Ronaldo top the conversation on Saudi Twitter
Israel’s war in Gaza continues to dominate the conversation on Saudi Twitter X, with users tweeting their support for Foreign Minister Prince Faisal bin Farhan’s recent tweets condemning the war (here, here, and here). We saw mor than 8.5k posts on the subject yesterday. Christiano Ronaldo’s Al Nassr FC Move continues to send us into […]