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Logistics (MENA) 
Ma’aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn
The acquisition is expected to close in 1H 2025
Saudi medical team completes first robotic heart transplant
PLUS: Three companies earn CMA sign-off for Nomu debuts
BlackRock takes minority stake in Saudi-Bahraini crude pipeline
The pipeline connects Aramco’s Abqaiq plants and Bapco’s refineries in Bahrain
Saudi debt issuances to slow in 2H 2024 after a blockbuster first half -Fitch
Sukuk made up nearly two-thirds of the total
EFG Hermes’ annual conference is on its third day in London
PLUS: Public Investment Fund plans to open a Beijing office before the year is out
EEC novates debt to PIF as it lays out “capital optimization plan”
PIF will see its stake in EEC increased in exchange for forgoing debts and taking on some of the firm’s…
Indian firms land major infrastructure contracts in the Kingdom
VA Tech Wabag landed a UAD 317 contract to build a desalination plant in Yanbu
Reachware closes USD 3 mn seed funding round
The funds will be used to boost the company’s regional presence, and expand its product portfolio.
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