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Good morning, wonderful people. We hope you enjoyed our impromptu long weekend. We’ve boiled down a ton of news for you this morning — a task made easier by a reasonably quiet day for news yesterday. THE BIG STORY here at home? No single story captures the imagination, but we have more IPO and M&A […]
Author Archives: enterpriseam admin
Posted inECONOMY
The economy is set to contract this year on lower oil output, but the private sector boom continues –World Bank
The economy is set to shrink for the first time on an annual basis since covid, with the Kingdom’s GDP is expected to contract by 0.5% y-o-y this calendar year compared to 8.7% growth in 2022. The culprit? Voluntary oil cuts of 1 mn bpd from July until the end of the year, according to […]
Posted inIPO WATCH
MBC timeline update, miller SMC could go public on Tadawul + Armah Sports’ Nomu offering is 4x oversubscribed
Armah Sports prices IPO top of the range at SAR 28 a piece
Posted inCAPITAL MARKETS
CMA issues new regs for secondary offerings on Tadawul, Nomu
Issuers of secondary offerings on Tadawul and/or Nomu must appoint financial advisors
Posted inCLIMATE
What we’ll be talking about listening to for two solid weeks
COP28 kicks off this coming Thursday
Posted inM&A WATCH
Care acquires all of Chronic Care Specialized
Healthcare provider Care’s acquisition of Chronic Care Specialized is complete, and is aligned with the company’s expansion plans
Posted inPHARMA
Jamjoom lines up SAR 37.8 mn in financing for its JV in Algeria
Funds will be used to set up a manufacturing plant, fund day-to-day ops
Posted inRENEWABLES
Acwa Power gets nod for phase four of 2.4 GW Hassyan Energy Project in the UAE
Acwa Power got the nod from the Dubai Electricity and Water Authority (DEWA) to begin commercial operations at the final unit of its 2.4 GW Hassyan independent power plant, it said in a disclosure to Tadawul on Sunday. All now operational: The last 600 MW power unit joins three previous 600 MW units that already […]
Posted inSAUDI IN THE NEWS
Boycott of foreign brands gets little traction in KSA
It’s a particularly quiet morning fo Saudi in the international business press on this fine fall morning. Boycotts of western brands prompted by the furor over Israel’s war in Gaza are having limited impact in the Kingdom, Reuters reports. Lots of people want MbS’ money, part 1: The Neom Investment Fund is among the backer […]