Leap 2025 unveils USD 14.9 bn investments on first day

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Lamasat rises 30% on its Nomu debut + Gold purchases in the Kingdom up 9% y-o-y in 2024

Good morning, wonderful readers. This morning is dominated by a flurry of agreements and partnerships signed in the first day of Leap 25, totalling USD 14.9 bn. Also: Ma’aden has raised USD 1.3 bn from its USD-denominated sukuk issuance, and Entaj set the pricing on its Tadawul IPO. Let’s dive in.

HAPPENING TODAY-

The Saudi Travel Market kicks off today and runs through Wednesday at the Riyadh International Conventions and Exhibitions Center. The 3-day forum looks to catalyze growth in the Saudi travel sector while providing a platform for local and international travel executives to exchange ideas, best practices, and insights on global travel trends.

WEATHER- A windy Riyadh is looking at a high of 21°C and a low of 8°C today, while over in Jeddah the mercury is set to peak at 29°C and hit a low of 19°C. Meanwhile, Makkah will see a 32°C high and an 18°C low.

PSAs-

Innovative entrepreneurs and startups can now apply for the sixth round of the IbtikarAward for a shot at a SAR 300k prize pool and a chance to qualify for the Entrepreneurship World Cup, the Small and Medium Enterprises General Authority (Monsha’at) said in a post on X. The award recognizes individuals and establishments integrating emerging technologies or innovative practices into their products, services, business models, or operations.

WATCH THIS SPACE-

#1- The Kingdom accounts for half of the region’s digital economy, which saw a 73% increase since Leap’s 2022 event to reach USD 260 bn, Al Arabiya quotes Minister of Communications and IT Abdullah Al Sawaha as saying on the sidelines of Leap 25. Saudi also accounts for 84% of the Middle East’s tech skills market, which has grown by 19% since Leap 2022, Al Sawaha added.

** We have everything you need to know from Leap’s first day in the newswell below.

#2- The share price of beauty retailer Lamasat rose the maximum 30% on its Nomu debut yesterday, closing at SAR 7.47 apiece, up from the final IPO price of SAR 5.75. The Madinah-born company took a 7.4% stake to market in an offering that was 11x oversubscribed .

#3- 3D printing is poised to boost Saudi energy parts market: Advances in 3D printing are set to yield significant growth in the local energy spare parts market, Fahmi Al Shawwa, CEO of digital manufacturing company Immensa, told Asharq Al-Awsat. The Kingdom’s energy spare parts industry is valued at USD 10-15 bn a year and accounts, accounting for over half of the GCC market.

BUT- Public and private sector players are still hesitant to adopt the advanced technology due to perceptions of risk, Al Shawwa explains. “This calls for greater awareness and education on the true benefits of these innovations,” he added.

DATA POINTS-

Gold bullion and coin purchases in the Kingdom were up 9% y-o-y at 15.4 tons in 2024, hitting their highest since 2014, according to a report from the World Gold Council. This marks the fourth consecutive year of increasing local demand for the precious metal, Argaam reported. The Kingdom held 323.1 tons of gold as of last year, accounting for 6% of its total reserves, raking first in the Arab world and 18th globally.

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THE BIG STORY ABROAD-

Trump’s trade war is back in the spotlight this morning, as China’s retaliatory tariffs on US imports take effect, while Trump unveils more measures are on the way.

Getting even: The US President told reporters that he plans to announce additional 25% tariffs on all steel and aluminum imports. More tariffs are to be announced later this week and take effect almost immediately, as Trump vowed to match any reciprocal tariffs levied by trade partners. The escalation comes hours after China’s retaliatory tariffs — targeting USD 14 bn of US imports — took effect. (Reuters | Bloomberg | New York Times | FT)

CLOSER TO HOME- An Israeli delegation is in Qatar to continue ceasefire discussions — the two sides will touch on the nitty gritty of the second phase of the ceasefire agreement. This comes as Israel withdraws its troops from the Netzarim corridor. (BBC | Reuters)

OVER IN BUSINESS WORLD- French President Emmanuel Macron said EUR 109 bn worth of investments are to be announced during the Paris AI summit, which kicks off today and will see participation from Abu Dhabi’s MGX and Canada’s Brookfield among other big names in the tech world. (FT | Reuters)

Leap 2025 unveils USD 14.9 bn investments on first day

Leap 2025 kicked off with new tech investments and strategic partnerships to the tune of USD 14.9 bn, including USD 10.9 bn of investments in infrastructure, AI projects, and startup funding rounds, the Ministry of Communications and IT said in a post on X.

The big ticket: PIF tech arm Alat and China’s PC maker Lenovo broke ground on a 200k-sqm manufacturing hub in Riyadh’s Special Integrated Logistics Zone (SILZ), according to a press release. The new clean energy-powered facility is set to begin operations next year to manufacture mns of Saudi-made laptops, desktops, and servers. Lenovo is also gearing up to establish its regional MEA headquarters, in addition to opening more retail spaces and expanding R&D capacities, the statement read.

REMEMBER- Alat closed a USD 2 bn investment in Lenovo last month, which saw Alat buy three-year zero-coupon convertible bonds, potentially granting Alat a 12% equity stake in Lenovo if converted at their purchasing price of HKD 10.42 per share.

More big investments unveiled: Groq and Aramco Digital are investing USD 1.5 bn to launch the world’s largest AI inference node in Saudi Arabia, while Salesforce is allocating USD 500 mn to develop a Hyperforce platform to serve regional clients. Databricks put up USD 300 mn to develop full PaaS services that enable app developers to increase innovation. Tencent Cloud also committed USD 150 mn to launch the Middle East’s first AI-supported cloud region in Saudi Arabia. Meanwhile, SambaNova is investing USD 140 mn to bolster AI infrastructure and roll out a large language model.

Day 1 highlights also include:

HP is investing an undisclosed amount to establish a manufacturing hub in Riyadh and an AI and R&D center in Dhahran;
Cisco is also investing an undisclosed amount towards setting up cloud services data centres, developing AI skills, and kicking off a “phased plan” for local manufacturing;
KKR and Gulf Data Hub partnered to develop data centers with 300 MW capacity;
Homegrown AI startup Allam is introducing its language model to the Qualcomm AI Cloud, alongside other cloud-based AI solutions from Allam;
Alibaba Cloud launched its Qwen LLM and Platform for AI (PAI) on the Kingdom’s public cloud, while also kicking off an AI Empowerment Program;
King Abdullah Financial District (Kafd) and Huawei inked an MoU to partner on smart city applications and advanced technologies.

REMEMBER- The Kingdom has big AI ambitions: The domestic AI market is expected to contribute 12% to GDP by 2030, the Saudi Data and Artificial Intelligence Authority (SDAIA) said in a September report. The Kingdom is also reportedly planning a USD 100 bn AI project, dubbed Project Transcendence. Meanwhile, the Public Investment Fund is looking to set up a USD 40 bn AI-focused fund that would make it the world’s largest investor in artificial intelligence.

Ma’aden raises USD 1.3 bn from USD-denominated sukuk issuance

Saudi Arabian Mining (Ma’aden) raised a total of USD 1.3 bn from a USD-denominated trust certificates (Sukuk) issuance under its international trust certificate issuance program, it said in a disclosure to Tadawul. The issuance — which ran Thursday through Friday — was offered to eligible local and international investors and will be listed on the London Stock Exchange’s International Securities Market. The story also got ink from Bloomberg.

The details: The issuance — executed through a special-purpose vehicle — was split into two tranches: a 5-year tranche raising USD 750 mn from 3.8k certificates, with an annual return of 5.3%, and a 10-year tranche raising USD 500 mn from 2.5k certificates, with a 5.5% annual return. Settlement is scheduled for Thursday, 13 February.

The offering reeled in over USD 10 bn in orders, signaling strong interest in the “untapped potential seen in the Kingdom,” CEO Bob Wilt told Bloomberg. Approximately 50% of the demand came from the US, while the rest was split between Europe, Asia, and the Middle East.

Use of proceeds: Proceeds are earmarked toward expanding Ma’aden’s gold, phosphate, and aluminum operations, as well as copper exploration, Wilt added. The funds will support a massive expansion program worth USD 12 bn over the next five years, with specific details yet to be disclosed. The company’s board is expected to greenlight investments in gold and phosphate production by mid-2025, Wilt told Bloomberg.

ADVISORS- Citigroup Global Markets, HSBC Bank, Al Rajhi Capital, BNP PARIBAS, GIB Capital, JP Morgan Securities, Natixis, Saudi Fransi Capital, SNB Capital, and Standard Chartered were tapped to be joint lead managers.

Entaj sets Tadawul IPO price range of SAR 46-50 apiece

Arabian Company for Agricultural and Industrial Investment (Entaj Foods) is guiding on a price range of SAR 46-50 per share for its Tadawul IPO, it said in a statement (pdf). At the top of the range, the offering would see Entaj raise up to SAR 450 mn in proceeds, valuing the company at SAR 1.5 bn upon listing, according to our math. The Riyadh-based poultry producer is taking a 30% stake to the main market in a secondary offering, with 9 mn shares up for grabs.

The five-day subscription period for institutional investors kicked off yesterday, allowing them up to 1.5 mn shares each, with the minimum limit set at 100k.

What’s next? If retail investors showed sufficient interest, they would be allocated 10% of the offering under a two-day subscription window that would open on Wednesday, 26 February. The final allocation of shares is slated for Tuesday, 4 March.

ADVISORS- SNB Capital is quarterbacking the transaction as a lead manager and financial advisor, with Stat Law Firm providing counsel. Meanwhile, PwC is serving as a financial due diligence advisor, Euromonitor International as a market consultant, and EY as an auditor.

Receiving agents include Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, Albilad Capital, ANB Capital, Alisthimar Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Saudi Fransi Capital, and Yaqeen Capital.

Al Othaim Investment names Bander Albohiry as CEO

Al OthaimInvestment tapped Bander Albohiry (LinkedIn) as its new CEO and Managing Director, it said in a post on LinkedIn. Albohiry is also the sitting CEO of Othaim Holding Company, and serves as a board member at Abdullah Al Othaim Markets.

Keir International appointed Moath Al Sohaibani (Linkedin) as Managing Director for a one-year term, it said in a disclosure to Tadawul. Al Sohaibani has upwards of 24 years of experience in the water, energy, and infrastructure sectors. The company also accepted the resignation of CEO Waseem Al Marzoki (LinkedIn) while retaining his services in an advisory role.

Sotheby’s Diriyah auction is under the spotlight

Sotheby’s inaugural auction in the Kingdom on Saturday drew in bidders from 45 countries — and a shout-out from Bloomberg. The event — which was hosted at the heritage city of Diriyah — showcased items ranging from luxury accessories, sports memorabilia, and art, logging sales of 118 lots for some USD 17 mn.

Around one-third of the buyers were Saudi residents, including businessman Amr Zedan, who stole the limelight upon winning a USD 1 mn bid for Society Woman, an oil painting by artist Fernando Botero. Artworks outperformed other categories at the auction, with strong interest for contemporary and modern pieces and Islamic art, the business information service said.

Marafiq, Miahona, Besix secure funding for SAR 1.5 bn sewage treatment project

INFRASTRUCTURE-

Al-Haer sewage treatment plant secures funding: A consortium of Power and Water Utility Company for Jubail and Yanbu (Marafiq), Miahona, and Besix secured financial closure for the SAR 1.5 bn Al-Haer sewage treatment plant project, according to two separate disclosures to Tadawul (here and here). The consortium landed financing agreements with Banque Saudi Fransi, Arab Petroleum Investment Corp, and Riyad Bank.

The details: The project will operate under a 25-year Build, Own, Operate, and Transfer (BOOT) model, with operations slated to begin in December 2026. The plant will have a treatment capacity of 200k cubic meters per day and include a 32 km treated sewage effluent (TSE) system with a daily capacity of 400k cubic meters.

BACKGROUND- The consortium was formed in July, with Marafiq holding a 35% stake and Miahona 45%. Marafiq is owned by the PIF, the Royal Commission for Jubail and Yanbu, Sabic, and Saudi Aramco Power Company.

TECH-

Dell Technologies launched its first merge and fulfillment center in the Kingdom, according to a press release. The facility — which will be located in Dammam — will have the capacity to put together and distribute some 600k units annually, read the release. No financial information about the investment was disclosed.

Dell’s Flat Panel Monitor Hub will also be relocated to the new Dammam center, which will also feature a facility to customize Dell’s servers for specific customer requirements.

REGULATION WATCH-

Government agencies were exempted from penalties for violating municipal licensing procedures as long as the issues are rectified within one year, the S audi Gazette reports citing a royal decree. The decree also allows the Municipalities and Housing Minister to extend the grace period for an additional year.

Early traders cash in on Trump coin while other investors take heavy losses

Early buyers of US President Donald Trump’s memecoin cashed in big, but most investors got burned. A handful of well-timed traders made hundreds of mns of USD from the launch of Trump coin — the cryptocurrency first issued by the Trump family in January — while more than 810k wallets suffered steep losses, The New York Times reports citing crypto forensics companies Chainalysis and Nansen.

The numbers tell the story: The token, announced just three days before Trump’s inauguration, saw its value go to USD 75 from USD 0.18, before crashing back down to around USD 17 this week, leaving retail investors holding the bag. One early trader made a USD 109 mn profit in just two days, while 31 major players walked away with a collective USD 669 mn, the companies’ analysis found. Meanwhile, total investor losses now exceed USD 2 bn, with many still holding onto devalued tokens in hopes of a rebound.

That’s just how memecoins work: The pump-and-dump pattern is a well-worn playbook in the memecoin industry, where early movers — often highly sophisticated traders — buy low, push up prices, and cash out quickly, leaving latecomers to absorb the losses. The pattern has regulators watching closely, with New York’s Department of Financial Services already flagging memecoins as highly speculative and easily manipulated.

But this hasn’t stopped Trump and his team from doubling down on crypto. Trump made waves on the campaign trail with the launch of World Liberty Financial, which offered certain wealthy investors access to a cryptocurrency called $WLFI. In addition, the parent company of Trump’s social media company launched TruthFi last month, a financial services arm focused on BTC, among other cryptocurrencies.

The Trump family and its partners aren’t walking away empty-handed either, with nearly USD 100 mn in trading fees flowing into their pockets from transactions on the memecoin, though most of that money hasn’t been withdrawn yet. The timing is also raising eyebrows — Trump is moving to loosen crypto regulations, and critics say that could make it harder to hold him and his team accountable.

MARKETS THIS MORNING-

Asian markets are mixed in early trading this morning, with Japan’s Nikkei down 0.2%, the Kospi flat, and the Shanghai Composite and Hang Seng both in the green, up 0.6% and 1.9%, respectively.

TASI	12,469	+0.3% (YTD: +3.6%)
MSCI Tadawul 30	1,550	+0.3% (YTD: +2.7%)
NomuC	31,415	+0.1% (YTD: -0.2%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	30,014	0.0% (YTD: +0.9%)
ADX	9,586	+0.2% (YTD: +1.8%)
DFM	5,238	-0.1% (YTD: +1.6%)
S&P 500	6,026	-1.0% (YTD: +2.5%)
FTSE 100	8,701	-0.3% (YTD: +6.5%)
Euro Stoxx 50	5,325	-0.6% (YTD: +8.8%)
Brent crude	USD 74.66	+0.5%
Natural gas (Nymex)	USD 3.31	-2.9%
Gold	USD 2,888	+0.4%
BTC	USD 95,028	-1.6% (YTD: +1.5%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.3% yesterday on turnover of SAR 4.7 bn. The index is up 3.6% YTD.

In the green: Burgerizzr (+5.6%), Raoom (+3.7%) and Rasan (+3.4%).

In the red: Liva (-3.3%), Nama Chemicals (-2.9%) and Alistithmar Reit (-2.2%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.1% yesterday on turnover of SAR 45.4 mn. The index is down 0.2% YTD.

In the green: Lamasat (+29.9%), Alqemam (+6.5%) and Fad (+6.3%).

In the red: Naas Petrol (-10.0%), Multi Business (-7.4%) and Aqaseem (-6.6%).

CORPORATE ACTIONS-

Bank Albilad’s board approved a 20% capital increase to SAR 15 bn via a bonus share issuance, at the rate of one share for every five existing shares, it said in a disclosure to Tadawul. The increase will be funded using SAR 1.5 bn from retained earnings and SAR 1 bn from statutory reserves. The move aims to bolster the bank’s solvency while retaining resources in operational activities. The capital boost is still pending shareholder and regulator approvals, after it received a no-objection motion from the Saudi Central Bank.

Saudi Arabia, Arab partners denounce Netanyahu's statements on a Palestinian state within the Kingdom’s borders

Saudi Arabia categorically rejected Israeli Prime Minister Benjamin Netanyahu’s statements regarding a “Palestinian state in Saudi Arabia”, describing it as reflective of an “occupying extremist mindset” that disregards the rightful and legitimate claims Palestinians have to their native lands, the Foreign Ministry said in a statement yesterday.

The statement went on to condemn continued Israeli aggression against the Palestinian people, including acts of “ethnic cleansing,” while praising statements by other states rejecting Netanyahu’s comments. The Foreign Ministry also reiterated that lasting peace in the region can only be achieved via a two-state solution. The story got ink from Reuters.

A unified Arab response: Palestine’s Foreign Ministry slammed Netanyahu’s statements as “racist and anti-peace,” while PLO leader Hussein Al Sheikh praised the position taken by Saudi Arabia’s “leadership and people.” Egypt deemed the remarks “irresponsible and completely unacceptable,” declaring Saudi Arabia’s sovereignty “a red line.” Meanwhile, the UAE also affirmed that the Kingdom’s sovereignty was off-limits and doubled down on Saudi Arabia’s call for a two-state solution as the only means for attaining regional peace. Jordan and Sudan also issued similar remarks.

IN CONTEXT- Netanyahu’s comments follow US President Donald Trump’s proposal of a US takeover of the Gaza Strip to turn it into “the Riviera of the Middle East,” with the plan calling for the forced displacement of all 2.2 mn Gazans residing in the Palestinian enclave. The Kingdom issued a swift rebuff to Trump’s call last week, describing any proposal to displace and resettle Palestinians while annexing their land as “non-negotiable.”

CALENDAR

EVENTS WITH NO SET DATE

1Q: BinDawood Holding expected to close 100% acquisition of Zahrat Al Rawdah Pharma.

FEBRUARY

10-12 February (Monday-Wednesday): Saudi Travel Market, Riyadh International Exhibition Center.

10-13 February (Monday-Thursday): Leap 2025, the Kingdom’s premier tech investment conference.

12-13 February (Wednesday-Thursday): PIF Private Sector Forum, King Abdul Aziz International Conference Center, Riyadh.

14-15 February (Friday-Saturday): Formula E, Diriyah.

15-18 February (Saturday-Tuesday): Week one of Big 5 Construct Saudi, Riyadh Front Exhibition & Conference Center.

16-17 February (Sunday-Monday): AlUla Conference for Emerging Market Economies, AlUla.

18 February (Tuesday): The Capital Markets Forum, KAFD Conference Centre, Riyadh.

18-20 February (Wednesday-Thursday): The Capital Markets Forum, KAFD conference centre, and the Four Seasons, Riyadh.

19 February (Wednesday): Derayah REIT dividend distribution.

19-21 February (Wednesday-Friday): Saudi Media Forum, Riyadh.

19-21 February (Wednesday-Friday): FII Priority Miami, Miami, USA.

21-22 February (Friday-Saturday): The Saudi Cup, Riyadh.

22 February (Saturday): Founding Day.

22 February (Saturday): Dazn Boxing event: Beterbiev vs Bivol II, Riyadh.

23-27 February (Sunday-Thursday): Riyadh International Disputes Week, Hilton Riyadh Hotel Granada.

24 February (Monday):Public Sector Excellence Forum, Movenpick Hotel & Residence Riyadh.

24-25 February (Monday-Tuesday): The Riyadh International Humanitarian Forum, Riyadh.

24-27 February (Monday-Thursday): Week two of Big 5 Construct Saudi, Riyadh Front Exhibition & Conference Center.

MARCH

1-30 March: Ramadan (TBC).

18-19 March (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

31 March- 3 April (Monday-Thursday): Eid Al Fitr.

31 March (Monday): Deadline for applying to theReal Estate General Authority’s Regulatory Sandbox Program.

31 March (Monday): Deadline for applying to the World Intellectual Property Organization (WIPO) Global Awards 2025

APRIL

7-9 April (Monday-Wednesday): Sports Investment Forum (SIF), Riyadh.

3-20 April (Thursday-Sunday): AFC Asian U17 Cup.

13-14 April (Sunday-Monday): Human Capability Initiative (HCI) Conference, King Abdulaziz International Conference Center, Riyadh.

13-16 April (Sunday-Wednesday): EdgeX HCI, The Ritz Carlton, Riyadh.

14-16 April (Monday-Wednesday): Future Hospitality Summit, Mandarin Oriental Al Faisaliah, Riyadh.

18-20 April (Friday-Sunday): Saudi Arabian Grand Prix, Jeddah,

21-24 April (Monday-Thursday): Saudi Food Exhibition and Conference, Riyadh.

22-23 April (Tuesday-Wednesday): AAM Middle East, Riyadh.

23-25 April (Wednesday-Friday): Construction and Real Estate Development Exhibition, Jazan.

25 April- 4 May (Friday-Sunday): AFC Champions League Elite Finals

MAY

May: The World Intellectual Property Organization (WIPO) Global Awards 2025 announces its results.

6-7 May (Tuesday-Wednesday): Federal Open Market Committee meeting.

12-15 May (Monday-Thursday): Saudi Smart Manufacturing, Riyadh International Convention & Exhibition Center.

13-14 May (Tuesday-Wednesday): Global EV & Mobility Technology Forum, The Arena, Riyadh.

19-20 May (Monday-Tuesday): Tech-ecO-System Summit (ToSS), Riyadh.

23 May (Friday): Guns N’ Roses Show, Riyadh.

31 May-5 June (Saturday-Thursday): Hajj.

JUNE

6-9 June ( Friday-Monday): Eid Al Adha.

17-18 June (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

26 June (Thursday): 2024-2025 academic year ends.

30 June (Monday): Deadline for Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca).

JULY

July: The World Intellectual Property Organization (WIPO) Global Awards 2025 awards ceremony, Geneva.

31 July (Thursday): Deadline for companies with SAR 2.5 mn or more in 2022/2023 revenues to integrate e-invoicing solutions with Fatoora.

29-30 July (Tuesday-Wednesday): Federal Open Market Committee meeting.

AUGUST

5-17 August (Tuesday-Sunday): Fiba Asian Cup.

SEPTEMBER

15-17 September (Sunday-Tuesday): Money 20/20 Middle East, Riyadh.

17-18 September (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

23 September (Tuesday): Saudi National Day.

OCTOBER

28-29 October (Tuesday-Wednesday): Federal Open Market Committee meeting.

NOVEMBER

3-9 November (Monday- Sunday): WTA Tour Finals.

24-26 November (Monday-Wednesday) The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh Front Convention & Exhibition Centre, Riyadh.

27-30 November (Thursday-Sunday): The World Rally Championship (WRC), Jeddah.

DECEMBER

1-4 December (Monday-Thursday): International Conference on Nuclear Emergencies, Riyadh.

December: The Fortune Global Forum 2025, Riyadh.

9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

2026

UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.

8-12 February (Sunday-Thursday): World Defense Show, Riyadh.

26-29 October (Monday-Thursday): World Energy Congress, Riyadh.

2027

The World Water Forum takes place in Riyadh.

The Ocean Race finishes in Amaala on the Red Sea.

Riyadh-Kudmi transmission line to be completed.

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Leap 2025 unveils USD 14.9 bn investments on first day

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Today at a glance

THIS MORNING: Lamasat rises 30% on its Nomu debut + Gold purchases in the Kingdom up 9% y-o-y in 2024

Related

This publication is proudly sponsored by

Leap 2025 unveils USD 14.9 bn investments on first day

Related

Ma’aden raises USD 1.3 bn from USD-denominated sukuk issuance

Related

Related

Entaj sets Tadawul IPO price range of SAR 46-50 apiece

Related

Al Othaim Investment names Bander Albohiry as CEO

Related

Sotheby’s Diriyah auction is under the spotlight

Related

Marafiq, Miahona, Besix secure funding for SAR 1.5 bn sewage treatment project

Related

Early traders cash in on Trump coin while other investors take heavy losses

Related

Saudi Arabia, Arab partners denounce Netanyahu's statements on a Palestinian state within the Kingdom’s borders

Related

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