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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 […]
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
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 […]
Posted inPLANET FINANCE
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 […]
Posted inCALENDAR
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 […]
Posted inWHAT WE’RE TRACKING TODAY
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 […]
Posted inIPO WATCH
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
Posted inIPO WATCH
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
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 […]