{"id":81982,"date":"2024-01-17T00:00:00","date_gmt":"2024-01-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=81982"},"modified":"2025-12-14T16:59:36","modified_gmt":"2025-12-14T16:59:36","slug":"the-big-take-home-messages-from-davos","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/the-big-take-home-messages-from-davos\/","title":{"rendered":"The big take-home messages from Davos"},"content":{"rendered":"<section id=\"81984\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81984\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/saudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos\/\">\r\n                            THIS MORNING: Saudi isn\u2019t slowing down on economic reform, Al Ibrahim says in Davos                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/saudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/saudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/saudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi isn\u2019t slowing down on economic reform, Al Ibrahim says in Davos&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/saudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/saudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos\/&title=Saudi isn\u2019t slowing down on economic reform, Al Ibrahim says in Davos\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+isn%E2%80%99t+slowing+down+on+economic+reform%2C+Al+Ibrahim+says+in+Davos+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F17%2Fsaudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/saudi-isnt-slowing-down-on-economic-reform-al-ibrahim-says-in-davos\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81984\" class=\"content-area-description single-story post-81984 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-brics tag-enterpriseam-ksa tag-foreign-direct-investment tag-healthrow tag-nice-one-cosmetics tag-pga-golf tag-public-investment-fund tag-saudi-german-health tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.56dc34d3-2c91-4524-9548-d2bf44906bc5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>The domestic news agenda this morning is being driven out of Davos, not Riyadh: Top government officials and business figures are braving the cold and snow to attend the World Economic Forum, which runs through Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>We saw three big messages come out of Davos yesterday:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- We\u2019re not going to take our foot off the pedal when it comes to economic <\/strong><strong>transformation<\/strong>, Minister for Economy and Planning Faisal Al Ibrahim told Bloomberg in an outdoor, stand-up interview (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-01-16\/continue-to-deliver-on-transformation-saudi-econ-min-video?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">watch, runtime: 7:21<\/a>). Al Ibrahim, always well-spoken in engagements with foreign media, thinks \u201cthere are a lot of opportunities to look forward to\u201d globally despite macro challenges in many economies and talked up a just economic transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Delivery on Vision 2030 is not just key for the economy at home, it\u2019s going to create a <\/strong><strong>stronger region, he said, \u201cand we\u2019re doubling-down on our diversification plans,\u201d <\/strong>including a target to see foreign direct investment account for 5.7% of the economy by 2030. There\u2019s plenty of momentum among foreign investors interested in the Saudi story, he said, as underscored by quarter-on-quarter improvement in FDI throughout last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- We\u2019ll recognize Israel \u2014 if there is peace and a state for the Palestinians. <\/strong>\u201cWe agree that regional peace includes peace for Israel, but that could only happen through peace for the Palestinians through a Palestinian state,\u201d Foreign Minister Prince Faisal bin Farhan <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudis-could-recognise-israel-if-palestinian-issue-resolved-foreign-minister-2024-01-16\/\" style=\"\" rel=\"noopener\">said<\/a> on a panel yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The US doesn\u2019t see what\u2019s being now being called \u201cthe Red Sea conflict\u201d <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/01\/16\/world\/israel-hamas-news\/in-davos-biden-aide-tries-to-calm-fears-that-the-mideast-war-will-escalate-into-a-global-conflict?smid=url-share\" style=\"\" rel=\"noopener\">becoming a<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/01\/16\/world\/israel-hamas-news\/in-davos-biden-aide-tries-to-calm-fears-that-the-mideast-war-will-escalate-into-a-global-conflict?smid=url-share\" style=\"\" rel=\"noopener\">global conflict<\/a><\/strong><strong>. <\/strong>White House National Security Advisor Jake Sullivan said that how long tensions in the Red Sea last and \u201chow bad it gets\u201d hinge on whether US allies help it pressure Iran to rein-in the Houthis. Sullivan also said Washington wants to see relations between the Arab countries and Israel normalize, but said little of winding down Israel\u2019s war in Gaza. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in Davos:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON ENERGY:<\/strong> Investment Minister Khalid Al Falih highlighted the government\u2019s ongoing commitment to provide \u201cenergy solutions, energy reliability and energy affordability to the rest of the world.\u201d Al Falih was speaking at a panel headlined \u201cGulf Economies: All In\u201d (<a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/sustaining-private-sector-growth-in-the-gulf\/\" style=\"\" rel=\"noopener\">watch, runtime: 47:48<\/a>). He said the government is offering what he referred to as a \u201cmix of energy\u201d that would not shun oil and gas and would include green and blue hydrogen among other cleaner fuels<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON FDI: <\/strong>The GCC attracts FDI at more than twice the pace of the global average rate, \u201cwhen you compare it and normalize it to GDP,\u201d Al Falih said. KSA is at a turning point that would see it draw in higher levels of FDI, highlighting the importance of FDI in bringing \u201cknow-how, access to market, and global integration,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE BRICS: <\/strong>The Kingdom is not a member of the BRICs club just yet, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/saudi-arabia-has-not-yet-joined-brics-minister-2024-01-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing statements by Commerce Minister Majid Al Kasabi during a panel. \u201cSaudi Arabia has been invited to attend BRICs, we have not yet officially joined BRICs,\u201d he said as he clarified where the Kingdom stands after the proposed joining date of 1 Jan expired. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON REGULATION: <\/strong>Regulators should think smart when deciding on regulations for non-bank financial institutions, Finance Minister Mohamed Al Jadaan said at the Regulating Non-Banks panel yesterday (<a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/regulating-non-banks\/\" style=\"\" rel=\"noopener\">watch, runtime: 44:09<\/a>). \u201cWe need to be very careful not to apply regulatory frameworks that apply to banks to non-bank financial institutions, because that could potentially kill innovation,\u201d said Al Jadaan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING TODAY in Davos:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Finance Minister Mohammed Al Jadaan will speak about the importance of resilience <\/strong>for businesses to withstand shocks in a session entitled <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/resilience-what-it-means-and-what-to-do-about-it\" style=\"\" rel=\"noopener\">Resilience: What it means and what to do a<\/a><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/resilience-what-it-means-and-what-to-do-about-it\" style=\"\" rel=\"noopener\">bout it<\/a> at 11am KSA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Minister of State for Foreign Affairs and climate envoy Adel Al Jubair<\/strong> will take to the stage in a session headlined <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/bold-steps-for-a-sustainable-mena\" style=\"\" rel=\"noopener\">Bold steps for a sustainable MENA<\/a> at 7:30pm KSA.<\/p>\n<p class=\"tag-border-left\"> PIF WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- More Heathrow shareholders want to exit alongside Ferrovial<\/strong>, and the Financial Times thinks that could cast a shadow over a GBP 2.4 bn agreement that would see the Public Investment Fund and Ardian buy Ferrovial\u2019s 25% stake in the airport. A Canadian pension fund, sovereign fund from Singapore, and a UK pension fund holding a combined 35% are now looking to exit by exercising their tag-along rights. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The catch? <\/strong>PIF doesn\u2019t seem to want more shares, and while Ardian might, it doesn\u2019t have the firepower to buy 35%. \u201cThe Saudis plan to stick with their original plan to buy 10 per cent and do not want to increase their stake in the airport beyond this,\u201d the salmon-colored paper reports. The transaction \u201ccould collapse if all the shareholders cannot find buyers.\u201d PIF and Ardian could bring in a third investor to help them take on the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>If a other shareholder exercises tag-along rights, the buyer must take their shares at the same price it offered other shareholders \u2014 or walk away. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2-<\/strong><strong>PIF is mulling<\/strong><strong> \u201csizeable investment\u201d in semiconductors + space this year:<\/strong> The Public Investment Fund (PIF) is looking to pour significant capital into both the semiconductor and space industries this year, Communications and Information Technology Minister Abdullah Alsawaha \u2014 who is also chairman of the Space Agency \u2014 told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-16\/saudis-eye-big-investment-to-kick-off-foray-into-semiconductors\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an interview yesterday. \u201cThey plan to make an announcement on a particular champion within space to lead the Saudi efforts,\u201d he said, declining to provide further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How big? <\/strong>He said the Kingdom sees the new space economy as the next trn-USD market. \u201cThe Kingdom is very bullish on not only becoming a regional leader in this space but also a global leader. The ambition by 2030 is to definitely establish regional leadership and then move on by 2040 to global leadership,\u201d Alsawaha said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-PGA Tour Commissioner Jay Monahan is reportedly in town to meet with PIF governor <\/strong><strong>Yasir Al-Rumayyan<\/strong> in a bid to reach a definitive agreement over Liv Golf \/ PGA tour \/ European tour tie-up, <a target=\"_blank\" href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2024\/01\/16\/pga-tour-jay-monahan-yasir-al-rumayyan-meeting?publicationSource=sbd\" style=\"\" rel=\"noopener\">Sports Business Journal<\/a> reported yesterday, citing unnamed sources. The reported visit comes a few weeks after the PIF and PGA Tour agreed to extend talks into 2024 after failing to agree on merger terms before a 31 December deadline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a>  <strong>#1- <\/strong><strong>Saudi <\/strong><strong>German Health<\/strong><strong> hires Al Rajhi Capital to quarterback its SAR-denominated <\/strong><strong>sukuk issuance:<\/strong> Tadawul-listed Saudi German Health is gearing up to issue the first tranche of its recently-launched sukuk program through a public offering, it said in a <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/ze6r7dy\" style=\"\" rel=\"noopener\">Tadawul regulatory filing<\/a>. Proceeds from the issuance will be used for general corporate purposes, the statement reads. Al Rajhi is acting as financial advisor and sole arranger on the transaction. The company is yet to announce a timeframe for the sale, which has received Capital Market Authority approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1097.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a> allows for a program of up to SAR 1.5 bn. Subscribers will need to buy blocks of SAR 5k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2-<\/strong><strong>Another day, another IPO in the pipeline:<\/strong> Online cosmetics retailer <strong><a target=\"_blank\" href=\"https:\/\/niceonesa.com\/en\/\" style=\"\" rel=\"noopener\">Nice One Cosmetics<\/a><\/strong>is auditioning bankers for a potential Tadawul listing, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-16\/saudi-online-cosmetics-retailer-nice-one-said-to-plan-local-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported, citing sources it says have knowledge of the company\u2019s plan. Talks are still ongoing with the size and timing of the share sales undetermined, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- More than 13 Saudi startups are eyeing IPOs in the upcoming two years, Saudi <\/strong><strong>Venture <\/strong>Capital (SVC) Nabeel Koshak told <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/44983j4e\" style=\"\" rel=\"noopener\">Asharq Business<\/a> in an interview yesterday, without providing further details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- <\/strong><strong>IN SPORTS, it was a stunning comeback for the Green Falcons<\/strong>, who topped Oman 2-1 in their 2023 AFC Asian Cup opener yesterday at Qatar\u2019s Khalifa International Stadium. Confusion over the VAR that saw a goal by defender Ali Al Bulayhi disallowed in injury time before it was awarded in the last minutes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next up: <\/strong>The national team takes on Kyrgyzstan on Sunday, 21 January, at 8:30 pm KSA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- UFC Saudi Arabia might be pushed back to June <\/strong>as the Kingdom reportedly looks for a \u201cmore entertaining fight card,\u201d MMA pundit Ariel Halwani said on <a target=\"_blank\" href=\"https:\/\/twitter.com\/jedigoodman\/status\/1746959533975716069\" style=\"\" rel=\"noopener\">MMA Hour<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not so happy with what\u2019s on the table: <\/strong>\u201cI was told that the reason for the postponement is because they just want \u2014 the powers that be in Saudi Arabia \u2014 a, how should we put it, more entertaining fight card. A deeper fight card with bigger names on it. [They] weren\u2019t too pleased with what was being offered. So, it is being moved to later in the year, June,\u201d he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO WORTH KNOWING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT-<\/strong><strong>Cement exports plunged 34.7% <\/strong><strong>y-o-y<\/strong><strong> in December<\/strong> to 543k tons, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1096.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> from Aljazira Capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA #1- All government institutions must give their employees four to five-day <\/strong><strong>holidays for each Eid<\/strong>, according to a decision approved by the cabinet yesterday. No further information was provided. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA #2- Applications for the Culture Ministry\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/daf.moc.gov.sa\/sites\/default\/files\/2023-08\/DAF_open_call_AR_04_24%20-%2027July%202023.pdf\" style=\"\" rel=\"noopener\">emerging new media artists program (pdf)<\/a><\/strong>are now open until 29 April. The one-year training program, which will be offered in the <a target=\"_blank\" href=\"https:\/\/daf.moc.gov.sa\/en\/\" style=\"\" rel=\"noopener\">Diriyah Art Futures institute<\/a>, includes personal mentorship from renowned digital artists on new media arts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong><strong>Expect clear skies in <\/strong><strong>Madinah today <\/strong>and sun with cloudy periods in Riyadh. Prepare for a little wind in Dammam today, and 25% chance of light rain tomorrow. <\/p>\n<ul>\n<li><strong>Riyadh:<\/strong> 21\u00b0C daytime \/ 14\u00b0C overnight<\/li>\n<li><strong>Madinah:<\/strong> 26\u00b0C daytime \/ 15\u00b0C overnight<\/li>\n<li><strong>Dammam:<\/strong> 22\u00b0C daytime \/ 13\u00b0C overnight<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You\u2019re reading Zero Issue <\/strong><strong>#30<\/strong><strong> of EnterpriseAM KSA. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Think of a zero issue as a \u201cbeta.\u201d<\/strong> This issue has not been published or distributed to a wide audience. The sponsor logos above are not correct because we\u2019re still developing the new KSA template.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Did you receive this as a forward? <\/strong><a target=\"_blank\" href=\"https:\/\/ksaform.enterprise.news\/\" style=\"\" rel=\"noopener\">Tap or click here to add your name to the list for launch day.<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Have a comment, criticism, or story tip?<\/strong> Hit up <a target=\"_blank\" href=\"mailto:patrick@enterprisemea.com\" style=\"\" rel=\"noopener\">patrick@enterprisemea.com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD- The global business press is digesting Donald Trump\u2019s <\/strong><strong>landslide win in the Iowa caucuses yesterday. <\/strong>He was always tipped to come out on top, but a much stronger than expected showing has pundits openly suggesting that <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7c0a19fd-674b-4010-9e16-35d5bf0d12ea\" style=\"\" rel=\"noopener\">his appeal has expanded beyond his base<\/a> (at least in very white, very Republican midwestern states\u2026) and that Nikki Haley and Ron Desantis are <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c82d551f-b5fa-44d3-9e9b-d148bc8ad0f6\" style=\"\" rel=\"noopener\">\u201crunning out of time\u201d<\/a> to stop him. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7c0a19fd-674b-4010-9e16-35d5bf0d12ea\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/national-security\/trumps-year-as-presidential-candidateand-courtroom-defendant-85939057?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/01\/16\/trump-iowa-caucus-analysis-00135949\" style=\"\" rel=\"noopener\">Politico<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/01\/17\/republican-party-trump-iowa-caucus-voters\" style=\"\" rel=\"noopener\">Axios<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/breakingviews\/economics-is-pushing-us-swing-voters-pick-trump-2024-01-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Must-read on the topic:<\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-16\/trump-s-return-to-the-white-house-looms-large-for-a-wary-world-after-iowa\" style=\"\" rel=\"noopener\">A wary world braces for Trump\u2019s return to the White House<\/a>, in Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IT\u2019S A BIG DAY FOR: Tech nerds<\/strong>, as Samsung holds its Galaxy Unpacked event. Expect a new S24 line with new artificial intelligence capabilities to take center stage. Samsung faithful expecting a big redesign will be as disappointed as were iSheep this past fall with the, let\u2019s say \u201cextreme stability\u201d of Apple\u2019s iPhone design language. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want more? <\/strong>You can check out <a target=\"_blank\" href=\"https:\/\/www.samsung.com\/uk\/unpacked\/\" style=\"\" rel=\"noopener\">Samsung\u2019s Unpacked page<\/a> or head over to its <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/@Samsung\" style=\"\" rel=\"noopener\">Youtube<\/a><a target=\"_blank\" href=\"https:\/\/www.youtube.com\/@Samsung\" style=\"\" rel=\"noopener\">channel<\/a> when the event starts at 10pm UAE time tonight.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of Samsung: The company is no longer the world\u2019s largest mobile phone <\/strong><strong>maker. <\/strong>Apple, which already led the industry in terms of value, <a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/apple-iphone-overtakes-samsung-global-smarphone-shipments-market-id-data-2024-1\" style=\"\" rel=\"noopener\">has overtaken Samsung by volume<\/a> \u2014 the first time in a dozen years of heavy competition that the Cupertino company has edged out its Korean rival. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And speaking of Apple: The tech giant is going to let third-party apps in the United States <\/strong><strong>link to their developer\u2019s website to process payments <\/strong>for in-app purchases. While doing so would bypass Apple\u2019s built-in payment system, it will still ask for a percentage of the sale, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-16\/supreme-court-rejects-apple-s-request-for-epic-app-store-review?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Apple and Google face pressure from regulators around the world to open their app marketplaces to sideloading and third-party payment methods. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Curious about Apple\u2019s Vision Pro?<\/strong> With the order and delivery window coming up (for readers in the United States only), you might want to head over to The Verge not just for a Samsung recap this evening, but for <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/24040075\/apple-vision-pro-hands-on-virtual-reality\" style=\"\" rel=\"noopener\">Victoria Song\u2019s take on Vision Pro after getting to spend 30 minutes hands-on with it<\/a>. Her take: \u201cI know what I saw, but I\u2019m still trying to figure out where this headset fits in real life.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Interim BP boss Murray Auchincloss will get the job permanently<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/005e47d0-473e-4b4a-aad7-042a363b3597\" style=\"\" rel=\"noopener\">Financial<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/005e47d0-473e-4b4a-aad7-042a363b3597\" style=\"\" rel=\"noopener\">Times<\/a> reports. Expect an announcement later today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.dakar.com\/\" style=\"\" rel=\"noopener\">The Dakar Rally<\/a><\/strong>continues through Friday, 19 January, with the <a target=\"_blank\" href=\"https:\/\/www.dakar.com\/en\/stage-12\/bike\" style=\"\" rel=\"noopener\">final stage<\/a> running from Yanbu to Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The PIF Private Sector Forum will kick off in Riyadh <\/strong>on Tuesday, 6 February to Wednesday, 7 February, the PIF said on <a target=\"_blank\" href=\"https:\/\/twitter.com\/PIF_en\/status\/1746524937408368742\" style=\"\" rel=\"noopener\">Linkedin<\/a>. The event will bring together the fund, portfolio companies, private sector and others to help advance economic growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">International Conference on Sand and Dust Storms in the Arabian<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">Peninsula<\/a><\/strong>from Monday, 4 March to Wednesday, 6 March. The conference will address regional challenges caused by sand and dust storms and discuss monitoring systems, mitigation strategies, economic and infrastructural impacts, and more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tickets are on sale for the 2024 Saudi Arabian Grand Prix<\/strong>, scheduled for Jeddah from 7-9 March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/brics\/\">BRICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/foreign-direct-investment\/\">foreign direct investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/healthrow\/\">Healthrow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nice-one-cosmetics\/\">Nice One Cosmetics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pga-golf\/\">PGA Golf<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund\/\">Public Investment Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-german-health\/\">Saudi German Health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81985\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81985\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/drop-in-sar-denominated-sukuk-issuances-weighed-on-global-market-last-year-sp-global\/\">\r\n                            Drop in SAR-denominated sukuk issuances weighed on global market in 2023, S&amp;P Global says                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/drop-in-sar-denominated-sukuk-issuances-weighed-on-global-market-last-year-sp-global\/\" 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           LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Drop+in+SAR-denominated+sukuk+issuances+weighed+on+global+market+last+year+%E2%80%93S%26%23038%3BP+Global+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F17%2Fdrop-in-sar-denominated-sukuk-issuances-weighed-on-global-market-last-year-sp-global%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/drop-in-sar-denominated-sukuk-issuances-weighed-on-global-market-last-year-sp-global\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1331.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81986\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/drop-in-sar-denominated-sukuk-issuances-weighed-on-global-market-last-year-sp-global\/1331-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1331.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1331.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1331.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1331.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81985\" class=\"content-area-description single-story post-81985 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseam-ksa tag-islamic-finance tag-sukuk tag-sustainable-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.a8b26815-da90-4125-855c-e96267c671ee.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi, Indonesia played a major role in the decline of local currency-denominated <\/strong><strong>sukuk issuances globally in 2023:<\/strong> A drop in SAR-denominated sukuk issuances last year, along with the concurrent decline in Indonesia, contributed to the 17% y-o-y in global issuances in 2023, according to S&P Global\u2019s latest <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/240115-sukuk-outlook-2024-cautiously-optimistic-12964886\" style=\"\" rel=\"noopener\">Sukuk Outlook<\/a><a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/240115-sukuk-outlook-2024-cautiously-optimistic-12964886\" style=\"\" rel=\"noopener\">report<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context:<\/strong>The government pushed ahead with SAR 45.6 bn in SAR-denominated sukuk issuances in 2023 \u2014 a 43% decline from 2022, according to Saudi <a target=\"_blank\" href=\"https:\/\/ndmc.gov.sa\/en\/IssuancePrograms\/Pages\/Sukuk_Issuance_Program_in_Saudi_Riyal.aspx\" style=\"\" rel=\"noopener\">National Debt Management<\/a><a target=\"_blank\" href=\"https:\/\/ndmc.gov.sa\/en\/IssuancePrograms\/Pages\/Sukuk_Issuance_Program_in_Saudi_Riyal.aspx\" style=\"\" rel=\"noopener\">Center (NDMC) figures<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale- Supporting liquidity in the banking system: <\/strong>The sharp decline in SAR-denominated sukuk issuances is attributed to the government's plan to preserve liquidity in the banking system rather than tying it up to bonds of varying maturities, wrote Mohamed Damak, S&P\u2019s primary credit analyst. <strong>Indonesia is a different story:<\/strong> Jakarta\u2019s drop in issuances is attributed to its fiscal consolidation strategy, prompting the government to take on less debt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regional angle: <\/strong>The UAE and Turkey experienced growth in local currency-denominated issuances, primarily propelled by increased government initiatives to prop up their local capital markets. <strong>Look for the UAE to see a surge in issuances in the coming years<\/strong>, the report reads.<\/p>\n<p class=\"tag-border-left\"> FCY SUKUK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The increase in foreign currency-denominated sukuk issuances by KSA, the UAE and <\/strong><strong>Egypt <\/strong>\u2014 among others \u2014 helped grow total FCY sukuk issuances by a third last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context:<\/strong>KSA accounted for nearly a third (28%) of the total USD 823 bn international sukuk outstanding as of 3Q 2023, Emirates news agency <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=d414f2d53d&e=8e5fca127e\" style=\"\" rel=\"noopener\">WAM<\/a> reports quoting Fitch Ratings\u2019 Bashar Al Natoor as saying. Malaysia leads the global market with a 40% share, followed by Indonesia (13%), the UAE (6%), and Turkey (3%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook- Higher financing needs are expected to trigger market growth: <\/strong>The global foreign currency-denominated sukuk market is expected to expand, propelled by higher financing needs in Riyadh and other Islamic finance countries, S&P\u2019s Damak writes. This is going to be supported by a more predictable monetary environment, considering the expectations for interest rate cuts this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2023 in a nutshell: <\/strong>Global sukuk issuance (in local and foreign currencies) declined 6% y-o-y to USD 168 bn in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE OUTLOOK: 2024 <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rating agency forecasts that global sukuk issuance will total USD 160 bn to USD 170 <\/strong><strong>bn in 2024<\/strong>, including foreign currency-denominated issuance of USD 45 bn to USD 50 bn. <strong>Find the government\u2019s calendar for the 2024 sukuk issuances <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ndmc.gov.sa\/en\/IssuancePrograms\/Pages\/Issuance_Calendar.aspx\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>.<\/strong> \u201cIt is also worth noting that Saudi Arabia and its Vision 2030 program boosted issuance in 2023 and will continue to do so in 2024,\u201d according to Damak.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** The first SAR-denominated sukuk issuance in 2024: NDMC <\/strong><strong>closed a SAR-denominated sukuk issuance worth SAR 8.8 bn<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ndmc.gov.sa\/en\/mediacenter\/news\/Pages\/News_16012024.aspx\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. Some SAR 3.7 bn have been allocated to the first issuance maturing in 2029, along with SAR 2.8 maturing in 2034, and SAR 2.3 bn in 2039.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional climate ambitions will prop-up sustainable sukuk:<\/strong> \u201cAs Islamic finance remains concentrated in oil exporting countries that aim to reduce their carbon footprints, we [S&P Global] expect the increase in sustainable sukuk issuance will continue.\u201d Green sukuk accounted for the majority of sustainable sukuk issuance in 2023, and the UAE alone accounted for 40% of total sustainable sukuk issuance last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Digitalization has the potential to create opportunities by streamlining the issuance of <\/strong><strong>sukuk<\/strong>, Damak writes, adding that this is not possible without the establishment of a standardized interpretation of Sharia principles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat:<\/strong> \u201cThe lack of a standardized interpretation of the Sharia could cause some disruption over the medium term, especially considering the potential adoption of the <a target=\"_blank\" href=\"https:\/\/aaoifi.com\/?lang=en\" style=\"\" rel=\"noopener\">Accounting and Auditing Organization for Islamic Financial Institutions\u2019 (AAOIFI)<\/a> Shariah standard 62.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The draft Standard 62 transfers an avalanche of risk to the sukuk holder: <\/strong>This yet-to-be-finalized standard drafted by AAOIFI mandates the transfer of ownership and associated risks related to the underlying assets to sukuk holders. Consequently, the repayment of the sukuk may increasingly hinge on the performance of the underlying assets, their market valuation, or the decision of sukuk holders to sell these assets to external parties. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A risk to the market? <\/strong>If adopted, the Shariah standard 62 could lead to \u201cconventional fixed income investors might shy away from the sukuk market,\u201d S&P says.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/islamic-finance\/\">Islamic finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sukuk\/\">sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sustainable-finance\/\">sustainable finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81987\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81987\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/alujain-offloads-stake-in-naptet\/\">\r\n                            Alujain set to sell 35% stake in NAPTET to LYB\u2019s Basell                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/alujain-offloads-stake-in-naptet\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Basell International is a unit of chemical maker <a target=\"_blank\" href=\"https:\/\/www.lyondellbasell.com\/\" style=\"\" rel=\"noopener\">LyondellBasell<\/a> (LYB).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Benefits for all<\/strong>: The JV would help LyondellBasell boost its core polypropylene (PP) business, giving it better access to feedstock and making it easier to sell in the Middle East. The two companies are also looking into setting up a new propylene via propane dehydrogenation (PDH) and PP facility at a NAPTET site. Alujain owns 98.7% of NAPTET \u2014 which is valued at SAR 2.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s PP? <\/strong>a widely used thermoplastic, polypropylene is a <a target=\"_blank\" href=\"https:\/\/totebagfactory.com\/blogs\/news\/common-uses-of-polypropylene\" style=\"\" rel=\"noopener\">key element<\/a> used in nearly everything from fashion to automobiles. It is also commonly used in consumer goods packaging and the medical industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>They\u2019re no strangers: <\/strong>Alujain licenses technology from LYB that it uses at a propylene and PP facility in Yanbu Industrial city. NATPET can make about c. 400k tons per year of polypropylene.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Alujain wants this: <\/strong>Proceeds of the sale will be used to pay Alujain\u2019s \u201ccurrent and future financial obligations\u201d in line with its strategy and plans, the disclosure by the company said, without providing further details. A report by <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1698321\" style=\"\" rel=\"noopener\">Argaam<\/a> said Alujain will use the proceeds to fund current expansion plans to produce high-end co-polymer grades and specialized polypropylene compounds to support local specialty plastics manufacturers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We were expecting something big from Alujain earlier in the day: <\/strong>Trading <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details?1dmy&urile=wcm:path:\/Tadawul_en\/SA-Tadawul\/SA-PricesAndIndeces\/SA-News\/SA-MarketNews\/CT-marketnews-16012024%20exchange\" style=\"\" rel=\"noopener\">was suspended<\/a> on Alujain\u2019s shares yesterday upon a request by the company to announce a \u201cmaterial event\u201d as per listing rules. It will resume today.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/alujain-corporation\/\">Alujain Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/lyondellbasell\/\">LyondellBasell<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/naptet\/\">NAPTET<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/petrochemicals\/\">petrochemicals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/polypropylene\/\">polypropylene<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81989\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81989\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">AVIATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/jed-outperforms-peers-in-december-gaca-report\/\">\r\n                            Jeddah\u2019s King Abdulaziz International Airport outperforms peers in the December 2023 GACA report                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/jed-outperforms-peers-in-december-gaca-report\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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King Khalid International Airport in Riyadh came in second.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>methodology<\/strong><strong>: <\/strong>The aviation watchdog evaluates airports on 14 metrics tracking their passengers\u2019 experience. These include: flight delays, check-in, security, passport and customs control, asset availability, flight delays and assistance services for individuals with limited mobility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 5-15 mn passengers category: <\/strong>King Fahd International Airport and Prince Mohammed bin Abdulaziz International Airport tied for the top rank in this category.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 2-5 mn passengers category: <\/strong>Abha International Airport came in first, followed by King Abdullah bin Abdulaziz Airport in Jizan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The up to 2 mn passengers category: <\/strong>Prince Naif bin Abdulaziz International Airport in Qassim topped the list, outperforming peers in terms of waiting time for departure and delays in arrival flights. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Domestic airports category: <\/strong>Gurayat Airport came in first, surpassing peers in terms of waiting time for departure and delays in arrival flights. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/abha-international-airport\/\">Abha International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gurayat-airport\/\">Gurayat Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/king-abdulaziz-international-airport\/\">King Abdulaziz International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/king-abdullah-bin-abdulaziz-airport\/\">King Abdullah bin Abdulaziz Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/king-fahd-international-airport\/\">King Fahd International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/king-khalid-international-airport\/\">King Khalid International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/prince-mohammed-bin-abdulaziz-international-airport\/\">Prince Mohammed bin Abdulaziz International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81991\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81991\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">LABOUR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/lower-recruitment-fees-for-some-domestic-workers\/\">\r\n                            Gov\u2019t cuts ceiling on recruitment fees for domestic workers                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/lower-recruitment-fees-for-some-domestic-workers\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n           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workers&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/lower-recruitment-fees-for-some-domestic-workers\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/lower-recruitment-fees-for-some-domestic-workers\/&title=Lower recruitment fees for some domestic workers\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Lower+recruitment+fees+for+some+domestic+workers+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F17%2Flower-recruitment-fees-for-some-domestic-workers%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/lower-recruitment-fees-for-some-domestic-workers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81991\" class=\"content-area-description single-story post-81991 post type-post status-publish format-standard hentry category-labour tag-domestic-workers tag-enterpriseam-ksa tag-labour wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.2d98c7b9-e13a-4ad9-a448-1ceb1cf91a97.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Human Resources and Social Development Ministry slashed the ceiling on recruitment fees for domestic helpers<\/strong>from several countries in a bid to ensure \u201cfairness in recruitment costs,\u201d it said in a <a target=\"_blank\" href=\"https:\/\/www.hrsd.gov.sa\/media-center\/news\/150120241\" style=\"\" rel=\"noopener\">statement<\/a> earlier this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here are the new ceilings on hiring fees:<\/strong><\/p>\n<ul>\n<li><strong>Philippines: <\/strong>SAR 14.7k, down from SAR 15.9k;<\/li>\n<li><strong>Sri Lanka:<\/strong> SAR 13.8k, down from SAR 15k;<\/li>\n<li><strong>Bangladesh:<\/strong> SAR 11.75k, down from SAR 13k;<\/li>\n<li><strong>Kenya: <\/strong>SAR 9k, down from SAR 10.87k;<\/li>\n<li><strong>Uganda:<\/strong> SAR 8.3k, down from SAR 9.5k;<\/li>\n<li><strong>Ethiopia:<\/strong> SAR 5.9k, down from SAR 6.9k.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first time we\u2019re hearing of this: <\/strong>The ministry had previously ordered licensed recruitment firms and offices to determine a maximum price ceiling paid by families for domestic workers from several nationalities. The price ceiling for helpers from Sierra Leone and Burundi was set at SAR 7.5k and 10k for workers from Thailian, exclusive of VAT.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tighter monitoring: <\/strong>The move comes under the ministry\u2019s efforts to periodically review recruitment fees, stressing the necessity of adhering to the new price caps which will be monitored through the Musaned platform.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/domestic-workers\/\">Domestic workers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/labour\/\">LABOUR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81992\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81992\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">CABINET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/\">\r\n                            Cabinet approves ADBC foray into Kingdom + more holidays for some civil servants                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=ADBC is coming to town&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/&title=ADBC is coming to town\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ADBC+is+coming+to+town+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F17%2Fadbc-is-coming-to-town%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1387.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81993\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/adbc-is-coming-to-town\/1387-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1387.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1387.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1387.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1387.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81992\" class=\"content-area-description single-story post-81992 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-abu-dhabi-commercial-bank tag-adcb tag-cabinet-watch tag-enterpriseam-ksa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.dd0c8b5f-bbc6-417a-8c0b-662446684140.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cabinet approved yesterday licensing Abu Dhabi Commercial Bank (ADCB) to operate in the local market<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2029971\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. It\u2019s not clear what services ADCB might be licensed to offer, including whether this is a rep office or a full banking license. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More holidays: <\/strong>It also approved an amendment that would see a minimum of four-day holidays and a maximum of five days in Eid Al Fitr and Eid Al Adha for specific government institutions, without providing further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ministers meeting yesterday for the weekly cabinet meeting also approved:<\/strong><\/p>\n<ul>\n<li>Mandating the <strong>Energy Minister<\/strong> to discuss and sign a MoU with the<strong> UNEP<\/strong>;<\/li>\n<li>A <strong>MoU <\/strong>setting up a <strong>strategic partnership council <\/strong>with <strong>South Korea<\/strong>;<\/li>\n<li>Mandating the <strong>Industry and Mineral Resources Minister<\/strong> to discuss and sign a MoU on the<strong> textile industry<\/strong> with <strong>India<\/strong>;<\/li>\n<li>Instructing the <strong>Environment, Water and Agriculture Minister <\/strong>to discuss and sign with Dutch counterparts a MoU on localizing <strong>advanced tech <\/strong>in the sector; <\/li>\n<li>Mandating the governor of<strong> SAMA<\/strong> to discuss and sign a <strong>MoU<\/strong> on cooperation with <strong>Turkey\u2019s central bank<\/strong>.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/abu-dhabi-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/adcb\/\">ADCB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cabinet-watch\/\">CABINET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81994\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81994\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/sabic-taps-soloman-mirza-as-senior-advisor\/\">\r\n                            Sabic taps Soloman Mirza as senior advisor                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/sabic-taps-soloman-mirza-as-senior-advisor\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/sabic-taps-soloman-mirza-as-senior-advisor\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/sabic-taps-soloman-mirza-as-senior-advisor\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Sabic taps Soloman Mirza as senior advisor&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/sabic-taps-soloman-mirza-as-senior-advisor\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/sabic-taps-soloman-mirza-as-senior-advisor\/&title=Sabic taps Soloman Mirza as senior advisor\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Sabic+taps+Soloman+Mirza+as+senior+advisor+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F17%2Fsabic-taps-soloman-mirza-as-senior-advisor%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/sabic-taps-soloman-mirza-as-senior-advisor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81994\" class=\"content-area-description single-story post-81994 post type-post status-publish format-standard hentry category-moves tag-aramco tag-enterpriseam-ksa tag-moves tag-riyad-bank tag-sabic tag-solomon-mirza wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.83b19245-6c49-4d30-a7b2-5ca3a42c48cd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Petrochemicals giant <strong>Sabic<\/strong> has appointed <strong>Solomon Mirza<\/strong>as Senior Advisor to its CFO, his <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/soloman-mirza-6a32384\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">Linkedin<\/a> account showed. Mirza will advise the CFO on M&A and corporate finance. He has nore than 30 years of experience in the energy and banking industries, including capital markets, capital structuring, and finance. Mirza last served as <strong>Riyadh Bank<\/strong>\u2019s managing director after a near nine-year run at Aramco, where he was capital markets group director for the oil giant. His track record includes Aramco\u2019s USD 30 bn IPO and first international bond sale.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyad-bank\/\">Riyad Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sabic\/\">SAbic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n             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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/advertising-and-sports-this-morning\/\">\r\n                            Saudi-Emirati JV secures billboard contract from RTA Dubai + stc gets Microsoft EA renewal                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/advertising-and-sports-this-morning\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n 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href=\"https:\/\/api.whatsapp.com\/send?text=Advertising+and+sports+this+morning%E2%80%A6+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F17%2Fadvertising-and-sports-this-morning%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/advertising-and-sports-this-morning\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81996\" class=\"content-area-description single-story post-81996 post type-post status-publish format-standard hentry category-also-on-our-radar tag-4global tag-advertising tag-al-rajhi-capital tag-also-on-our-radar tag-arabian-contracting tag-arail-construction-and-industrial tag-asir tag-construction tag-enterpriseam-ksa tag-keir-international tag-mining tag-msb-holding tag-neom tag-pif tag-public-investment-funds tag-roads-and-transport-authority tag-royal-road-minerals tag-royal-roads-arabia tag-saudi-german-health tag-sports tag-telecom wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.94d23cdf-905f-40b8-9edc-f0822c191e46.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ADVERTISING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi-Emirati JV lands billboard contract from RTA Dubai: <\/strong>The Roads and Transport Authority (RTA) in Dubai has awarded an SAR 534 mn contract to a Saudi-Emirati joint venture to install, operate and maintain 294 advertising billboards in Dubai, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_fboIwFMafxQdYetBQ2GUdGbKggviXG1NLh02EklLI3NMPxG3RzcU1vTjny-985zsoRmsU57QWKdVC5vTQ9JsYb02CoT-yYQqj-RNgiFy8mNuG08dodQnYYxdDOCHhtG-Z4C4Bxf-ahygwIXwOxgMfZuACvm8ebjxyx_74EpmSR6tJ8DJ0PZ8MbGxdA7-ceLXk5w0n4I-Q7RXWzZiegVaKl7JSjKNZyjXJc1nljGc8174otUM1RSGjbM99XvNDQFOOonYtTWpRSlW2FNo8GK1Wcqalcgov-VKO2U4e0KatCyWTiun5seCdoGVjf66LxjgS701nQGdFFdt3rPEJTKpsx5WzO0uvSmbfDrSNztrg56ltF0HzNx2d3DouaSYCroRsQqIiWyzWILzteDgx68ufkl7vA9n5cH4!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzQwNzEvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc3ODU4\/\" style=\"\" rel=\"noopener\">a Tadawul regulatory filing<\/a>. The contract runs for 10 years and 5 months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the JV: <\/strong>The company is jointly owned by Al Arabia Out of Home Advertising \u2014 a subsidiary of <strong><a target=\"_blank\" href=\"http:\/\/al-arabia.com\" style=\"\" rel=\"noopener\">Arabian Contracting Service<\/a><\/strong> \u2014 with a 60% stake, local Mawaqie for Advertising Co. with a 10% stake, and the rest of the shares are owned by an Emirati company, the name of which was not included in the filing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Keir to build housing for employees in Neom<\/strong><strong>: <\/strong><a target=\"_blank\" href=\"https:\/\/www.keir.com.sa\/\" style=\"\" rel=\"noopener\">Keir International<\/a> has inked a SAR 25.2 mn contract with Arail Construction and Industrial to provide housing for non-administrative employees in Sindalah, it said in a <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/yujs9ts9\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The six-month contract will see it deliver manufacture, supply, and delivery of housing facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.royalroadarabia.com\/\" style=\"\" rel=\"noopener\">Royal Roads Arabia<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.royalroadarabia.com\/\" style=\"\" rel=\"noopener\">(RRA)<\/a><\/strong><strong> has acquired an exploration license for the Jabal Sahabiyah <\/strong><strong>concession in Asir<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.royalroadminerals.com\/news\/royal-road-minerals-and-msb-holdings-granted-preferred-bidder-status-for-the-jabal-sahabiyah-exploration-license-kingdom-of-saudi-arabia\" style=\"\" rel=\"noopener\">a Tadawul regulatory filing<\/a>. The project will see RRA commit a minimum of USD 5.5 mn (SAR 20.65 mn) over the first five years of the license. RRA is a 50-50 JV between Toronto-listed <a target=\"_blank\" href=\"https:\/\/www.royalroadminerals.com\/\" style=\"\" rel=\"noopener\">Royal Road Minerals (RRM)<\/a> and <a target=\"_blank\" href=\"https:\/\/www.msbholding.com.sa\/\" style=\"\" rel=\"noopener\">MSB Holding<\/a>. They have the option of renewing the license, awarded by the Industry and Mineral Resources Ministry, every five years for up to 15 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/4global.com\/\" style=\"\" rel=\"noopener\">4Global<\/a><\/strong><strong>has <\/strong><strong>landed contracts worth a combined GBP 800k from unnamed Saudi clients<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/1038436\/4global-wins-two-new-sports-data-contracts-in-saudi-arabia-1038436.html\" style=\"\" rel=\"noopener\">a press release<\/a>. The first contract commits the sports data firm to providing an assessment of the worth and the operational feasibility of a number of sporting facilities in a bid to draw investments into the undisclosed facilities. A second contract will see the London-listed company recommend investments in the sports sector with the aim of maximizing the client\u2019s ROI. No further information was available. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/4global\/\">4GLOBAL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/advertising\/\">Advertising<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-rajhi-capital\/\">Al Rajhi Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/arabian-contracting\/\">Arabian contracting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/arail-construction-and-industrial\/\">Arail Construction and Industrial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/asir\/\">Asir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/construction\/\">Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/keir-international\/\">Keir International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/msb-holding\/\">MSB Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-funds\/\">Public Investment Funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/roads-and-transport-authority\/\">Roads and Transport Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/royal-road-minerals\/\">Royal Road Minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/royal-roads-arabia\/\">Royal Roads Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-german-health\/\">Saudi German Health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/telecom\/\">Telecom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81997\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"81997\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/panmure-gordon-and-liberum-join-forces-to-create-the-uks-largest-independent-broker\/\">\r\n                            Panmure Gordon and Liberum join forces to create the UK\u2019s largest independent broker                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/panmure-gordon-and-liberum-join-forces-to-create-the-uks-largest-independent-broker\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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href=\"https:\/\/api.whatsapp.com\/send?text=Panmure+Gordon+and+Liberum+join+forces+to+create+the+UK%E2%80%99s+largest+independent+broker+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F01%2F17%2Fpanmure-gordon-and-liberum-join-forces-to-create-the-uks-largest-independent-broker%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/panmure-gordon-and-liberum-join-forces-to-create-the-uks-largest-independent-broker\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1348.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81998\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/panmure-gordon-and-liberum-join-forces-to-create-the-uks-largest-independent-broker\/1348-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1348.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1348.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1348.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1348.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81997\" class=\"content-area-description single-story post-81997 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-ksa tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.611f2ac0-a17d-471f-b040-d3d886dee328.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>London brokers Panmure Gordon and Liberum are merging to create the largest advisor <\/strong><strong>to London-listed companies<\/strong>, the two <a target=\"_blank\" href=\"https:\/\/panmure.com\/insights\/panmure-gordon-and-liberum-to-merge-to-create-the-uks-largest-independent-investment-bank\/\" style=\"\" rel=\"noopener\">said in a joint statement yesterday<\/a>. The all-stock transaction will also see Panmure Liberum become the largest advisor to UK-quoted investment funds. The transaction makes Panmure Liberum the top player by volume in the under GBP 1 bn IPO market over the past five years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transaction comes as brokers struggle with dealflow as the IPO market in London <\/strong><strong>remains stagnant<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b872d865-8f66-47a5-a5e5-1c7cb62a59b4#post-a95354b1-3ba1-429d-915e-dc633eef65de\" style=\"\" rel=\"noopener\">Financial Times<\/a> notes. Panmure boss Rich Ricci (pictured above) will lead the merged entity while Liberum founder Shane Le Prevost will be non-executive chairman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE LOCAL ANGLE: <\/strong>EFG Holding <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/34a1c6c6-6d0f-11dd-857b-0000779fd18c\" style=\"\" rel=\"noopener\">took a 10% stake<\/a> in Panmure Gordon back in 2008, <a target=\"_blank\" href=\"https:\/\/www.marketscreener.com\/quote\/stock\/EFG-HOLDING-6493048\/news\/QInvest-LLC-and-Atlas-Merchant-Capital-LLC-completed-the-acquisition-of-remaining-56-6-stake-in-Pan-35029539\/\" style=\"\" rel=\"noopener\">exiting<\/a><a target=\"_blank\" href=\"https:\/\/www.marketscreener.com\/quote\/stock\/EFG-HOLDING-6493048\/news\/QInvest-LLC-and-Atlas-Merchant-Capital-LLC-completed-the-acquisition-of-remaining-56-6-stake-in-Pan-35029539\/\" style=\"\" rel=\"noopener\">it<\/a> in a <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/trending\/2k7amib6vzrbnufds73v0g2\" style=\"\" rel=\"noopener\">2017 sale<\/a> to Atlas Merchant Capital (owned by former Barclays chief Bob Diamond) and QInvest. Atlas Merchant remains a shareholder after the merger with Liberum and will provide the new outfit with \u201csubstantial financial backing and the liquidity to support its long-term strategic ambitions.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Goldman Sachs and Morgan Stanley are reporting their <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/56a44080-7c7b-416a-849f-00695c4d6f55\" style=\"\" rel=\"noopener\">lowest profits in four years<\/a><\/strong>after a slow 2023 for investment bankers weighed on earnings. Blame depressed M&A dealflow and anemic IPO execution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But, but, but\u2026 <\/strong>Top execs at both banks said on earnings calls that they\u2019re seeing signs that corporate appetite to raise capital, do M&As, and go public is on the rise, with both Morgan CFO Sharon Yeshaya and Goldman CEO David Solomon pointing to growing pipelines of transactions. \u201cI\u2019m pretty optimistic,\u201d Solomon said on his results call. \u201cI\u2019m not going to say it\u2019s running back to 10-year averages right away, but it has materially improved.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Elon Musk wants more shares of Tesla to stick around and help the carmaker tackle <\/strong><strong>AI. <\/strong>Tesla CEO Elon Musk <a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1746999488252703098\" style=\"\" rel=\"noopener\">said<\/a> he would be willing to grow the EV maker into an AI and robotics leader only if he has at least 25% voting control \u2014 roughly double his current c.13% stake. He <a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1747035106257023362\" style=\"\" rel=\"noopener\">added<\/a> in a later post that having a voting power of 15% or lower \u201cmakes a takeover by dubious interests too easy.\u201d (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/musk-seeks-25-voting-share-tesla-2024-01-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It would be a shame if something were to happen to your nice company, fellas\u2026<\/strong> Don\u2019t give him the shares? Elon will look to build new things outside Tesla, he warned. \u201cUnless that is the case, I would prefer to build products outside of Tesla,\u201d he wrote on X. Musk is basically asking Tesla to give him the bns of USD he spent on his ill-fated acquisition of Twitter \u2014 and then some. <\/p>\n<p><a target=\"_blank\" id=\"t.5aeebc1863c8e5cff59586f07b74a55dd6fbc640\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,077.58<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +0.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,568.10<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Buy<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Sell<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6% repo<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">26,938<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.6% (YTD: +8.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,761.36<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,082.34<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: 0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,765.98<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,558.34<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,446.51<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 77.98<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.90<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-12.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,030.20<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 43,222.79<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5% (YTD: 104.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI fell -0.4% yesterday<\/strong> on turnover of SAR 9 bn. The index is up +0.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>GIG (+9.9%), MBC Group (+9.8%) and Saudi German Health (+8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Ataa (-4.4%), Savola Group (-3.4%) and Saudi Kayan (-3.3%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning<\/strong> ahead of the release today of Chinese economic data and after all three major Us indexes closed Tuesday in the red. Futures point to a weak opening in Europe and on Wall Street later this morning. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81999\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/81999\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81999\" class=\"content-area-description single-story post-81999 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JANUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17-20 January (Wednesday-Saturday): Richard Mille AlUla Desert Polo 2024, AlUla.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22-24 January (Monday-Wednesday): Real Estate Future Forum, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 January (Friday): Andrea Bocelli concert, AlUla.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-27 January (Friday-Saturday): 2024 Diriyah E-Prix, Diriyah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-31 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudifranchiseexpo.com\/\" style=\"\">Saudi Franchise Expo 2024<\/a><\/span><span style=\"font-weight:400;\">, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 February (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.simec-expo.com\/\" style=\"\">SIMEC International Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">8 February (Thursday): end of Tuwaiq International Sculpture Symposium, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudihoreca.com\/\" style=\"\">Saudi HORECA 2024,<\/a><\/span><span style=\"font-weight:400;\"> Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9 February- 23 March (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/desertx.org\/\" style=\"\">Desert X ALUla<\/a><\/span><span style=\"font-weight:400;\">, AlUla<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11- 12 February (Sunday-Monday): The Space Debris Conference, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/saudispace\/status\/1741860340994814346?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1741860340994814346%7Ctwgr%5E7da01bd587d268c0286583ff0303145c4dbd6624%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.arabnews.com%2Fnode%2F2434966%2Fbusiness-economy\" style=\"\">Securing the Future Growth of the Global Space Economy<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iptcnet.org\/\" style=\"\">The International Petroleum Technology Conference (IPTC)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22 February (Thursday): Founding Day (national holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/fm-expo-saudi\/\" style=\"\">FM EXPO SAUD<\/a><\/span><span style=\"font-weight:400;\">    <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/stone-surface-event\/\" style=\"\">Stone and Service Saudi Arabia<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2 March (Friday): end of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/riyadhart.sa\/en\/noor-riyadh\/\" style=\"\">Noor Riyadh<\/a><\/span><span style=\"font-weight:400;\"> show, segment \u201cRefracted Identities, Shared Futures\u201d, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\">International Conference on Sand and Dust Storms in the Arabian Peninsula<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 March (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/onegiantleap.com\/\" style=\"\">LEAP 2024,<\/a><\/span><span style=\"font-weight:400;\"> Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11 March (Monday): Flag Day (national holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in March:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Ramadan <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 April-1 May: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurehospitality.com\/sa\" style=\"\">Future Hospitality Summit<\/a><\/span><span style=\"font-weight:400;\"> at Al Faisaliah Hotel, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in April:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Fitr (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thesaudifoodshow.com\/\" style=\"\">The Saudi Food Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Global Trade Review (GTR): KSA<\/span><\/li>\n<li><span style=\"font-weight:400;\">Saudi Energy Convention<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in June:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Adha (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-15 August (Monday-Thursday): The Saudi Food Expo, Riyadh <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/saudi-event-show\/\" style=\"\">The Saudi Event Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 September (Monday): National Day (national holiday)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2024:<\/span><\/p>\n<ul>\n<li><span>The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tinyurl.com\/38jtv854\" style=\"\">AFC Champions League Elite<\/a><\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Lots of PIF news | Sukuk outlook | Alujain offloads NAPTET stake | ADCB to enter KSA | Saudi German Health taps Al Rajhi for sukuk<\/p>\n","protected":false},"featured_media":81983,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-81982","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"71df166e-ecf4-46e4-881c-180cffad4ad8","teaser":"Lots of PIF news | Sukuk outlook | Alujain offloads NAPTET stake | ADCB to enter KSA | Saudi German Health taps Al Rajhi for sukuk","photo_url":"https:\/\/ent.news\/2024\/1\/1471.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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