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Logistics (MENA) 
Awarded projects value reaches SAR 13.8 bn in April
Power and water sector contracts accounted for the highest value
Ronn to set up Saudi hydrogen truck factories under three-year USD 4 bn plan
The facilities will produce 10k hydrogen trucks, 1k sports vehicles, and an exclusive hypercar
Ades Holding net income down in 1Q 2025
Ades Holding’s net income dropped 2.1% y-o-y
Net FDI inflows fall 13% y-o-y in 4Q 2024
Net FDI inflows eased to SAR 22.1 bn in 4Q 2024
Nqoodlet lands USD 3 mn in seed funding round + Tuba raises USD 8 mn in pre-seed round
Nqoodlet’s round was led by Wa’ed Investments, with backing from Omantel and others
Debt capital market to exceed USD 500 bn by year-end - Fitch
The domestic debt capital market grew 16% y-o-y to USD 465.8 bn in 1Q
PIF closes USD 1.25 bn sukuk offering with 6.5x oversubscription + Banque Saudi Fransi raises USD 650 mn in AT1 bonds
The Kingdom is expected to borrow heavily this year
PIF sells USD 1.25 bn in 7-year USD-denominated sukuk
The issuance was priced at 110 basis points above US treasury bonds
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