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IPO
THIS MORNING: Jafurah condensates set to hit Asian shores by early March
FII organizer RA&A prepares for a USD 1 bn IPO
THIS MORNING: Saudi-US consortium eyes major energy blocks in Syria?
ALSO- The subscription window for Kesay Clinics’ Nomu IPO opens today
Nomu is getting its first 2026 newcomer
Proceeds will be directed primarily toward expanding the aesthetic medicine provider’s footprint
First prospectus of the year
The book-building period for institutional investors runs between 1-5 February
M&A
PIF-backed Scopely moves for USD 1 bn Turkey gaming play
The move brings the studio behind the viral puzzle hit Pixel Flow! into the Savvy…
MENA’s M&A surge is about buying global supply chains and tech dominance
Cross-border activity accounted for 61% of dealvalue
United Pharmacies acquires Kunooz for SAR 100 mn
The acquisition sees the Makkah-based group absorb Kunooz’s entire portfolio
Sisco‑backed GDI now owns 100% of Transcorp International
The transaction, in the works since October, will see Green Dome Investments uptake a 100%…
Debt
Saudi Electricity Company secures SAR 16 bn in shariah-compliant financing
SEC’s refinance play was backed by quite a few local and regional lending giants
Emerging-market companies are starting to look safer than their governments
Stronger, export-focused companies are starting to borrow more cheaply than their governments, reshaping how…
Fitch forecasts near-term stability and long-term capital strain for Saudi banks
Bank financing for gigaprojects currently accounts for just 5-7% of average sector loans
Aramco shores up coffers with first debt sale of the year
The offering comprised four tranches
Macro + Economy
Saudi’s Budget deficit widens to five-year high in 4Q 2025
Non-oil revenues contracted by 7% y-o-y in the fourth quarter
Remittances hit SAR 165 bn in 2025 as Riyadh fights to keep cash local
Expat remittances doubled since 2017
Saudi shifts from scale to quality as diversification enters new phase -PwC
A 10% change in oil prices translates into a 0.5% change in non-oil GDP,…
Economy found its higher gear in 2025
The annual expansion was driven by oil activities, which jumped 5.6%