Author Archives: enterpriseam admin
Tons of debt and financial services news. Plus: Privatizing schools, investment in Northern Border Region
EDUCATION- Education Ministry is offering 1.3k schools to the private sector for 20 years, under a new development project launched by the Ministry, Deputy Minister Mohammed Al-Sudairi said at the Northern Border Investment Forum, Saudi Gazette reported on Saturday. The initiative will see private-sector players fully manage and operate 1.3k schools in the kingdom over […]
Goldman sees global IPO market taking off in 2024. PLUS: KSA leads regional market in 3Q.
Global IPO market, dealmaking to accelerate next year:Goldman Sachs sees the global IPO market picking momentum and is penciling in an acceleration in activities in 2H 2024 on expectations of a less restrictive monetary environment, according to a Goldman Sachs briefing. “We do expect to see a reasonable pickup in dealmaking activity, especially now that […]
NOVEMBER 26-28 November (Sunday-Wednesday): Reliability & Maintainability Conference & Exhibition 2023, Grand Hyatt Hotel, Al Khobar. 26-28 November (Sunday-Tuesday): NCT Middle East, Riyadh. 27-29 November (Monday-Wednesday): Saudi HORECA, Riyadh International Convention & Exhibition Center, Riyadh. 30 November (Thursday): Start of Noor Riyadh show, King Abdullah Financial District, Riyadh. DECEMBER 4 December (Monday): Saudi Green Initiative […]
Don’t go to the desert when it’s raining, folks
Good morning, wonderful people, and welcome to Zero Issue #002 of EnterpriseAM KSA. It’s an insane morning for capital markets in the Mideast, with plenty of IPO news in the Kingdom and beyond — and more than a handful of high-profile M&A involving listed companies: Leading regional broadcaster is MBC is going public on the […]
Regional broadcaster MBC to go public on Tadawul in blockbuster IPO
HSBC, JP Morgan and SNB Capital will quarterback the sale of 10% of the region’s largest broadcaster by market share
Almujtama starts trading on Nomu today + Lana Medical prices IPO
Shares of pharma player Almujtama will trading today on parallel market Nomu, opening at SAR 40
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
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 […]
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