{"id":82275,"date":"2023-11-22T00:00:00","date_gmt":"2023-11-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=82275"},"modified":"2025-12-14T17:04:42","modified_gmt":"2025-12-14T17:04:42","slug":"mbc-to-go-public-on-tadawul-in-blockbuster-ipo","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/mbc-to-go-public-on-tadawul-in-blockbuster-ipo\/","title":{"rendered":"MBC to go public on Tadawul in blockbuster IPO"},"content":{"rendered":"<section id=\"82277\" 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=\"82277\">\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\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\">\r\n                            Don\u2019t go to the desert when it\u2019s raining, folks                        <\/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\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Don%E2%80%99t+go+to+the+desert+when+it%E2%80%99s+raining%2C+folks+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F11%2F22%2Fdont-go-to-the-desert-when-its-raining-folks%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\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82277\" class=\"content-area-description single-story post-82277 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-china-saudi-relations tag-egypt-saudi-relations tag-enterpriseam-ksa tag-foreign-trade tag-riyadh-laughs tag-russia-saudi-relations tag-saudi-games 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\/.3ce71862-5de9-43a1-94ac-387544bfd612.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people, and welcome to Zero Issue #002 of EnterpriseAM KSA. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s an insane morning for capital markets in the Mideast<\/strong>, with plenty of IPO news in the Kingdom and beyond \u2014 and more than a handful of high-profile M&A involving listed companies:<\/p>\n<ul>\n<li>Leading regional broadcaster is <strong>MBC<\/strong> is going public on the Tadawul;<\/li>\n<li>The <strong>Nomu<\/strong> continues to build momentum for two closely watched parallel-market IPOs;<\/li>\n<li>We have M&A news from <strong>SABIC<\/strong>, <strong>Zain KSA<\/strong>, and <strong>the PIF\u2019s MMA<\/strong> fighting franchise.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And that\u2019s just in KSA. <\/strong>Over in the UAE, <strong>PureHealth<\/strong> says it will IPO in December, <strong>OSN+<\/strong> and <strong>Anghami<\/strong> are merging, and crypto miner <strong>Phoenix<\/strong> says its IPO was more than 33x oversubscribed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have coverage of events here in the Kingdom in this morning\u2019s news well<\/strong>, below, while the UAE news leads Planet Finance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PROGRAMMING NOTE- We\u2019re off tomorrow<\/strong> (Thursday, 23 November) and will be back in your inboxes on Monday morning. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** This is a zero issue of EnterpriseAM Saudi<\/strong> and has not been published or distributed to a wide audience. The sponsor logos above are not correct because we\u2019re still developing the new Saudi 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> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/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<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\u2600\ufe0f<strong>WEATHER- <\/strong>Expect entirely seasonal weather today, with a <strong>high of 24\u00b0C in Riyadh<\/strong> (dipping to 14\u00b0C overnight). There\u2019s no rain today in <strong>Dammam<\/strong> (28\u00b0C \/ 17\u00b0C), while it\u2019s going to be a bit warmer in <strong>Mecca<\/strong> (33\u00b0C \/ 23\u00b0C) and <strong>Jeddah<\/strong> (33\u00b0C \/ 26\u00b0C) with not a cloud in the sky.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pro tip from Riyadh Civil Defense and the national weather center: Do not head out to the <\/strong><strong>desert if the forecast so much as hints at the possibility of rain.<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.my.gov.sa\/wps\/portal\/snp\/agencies\/agencyDetails\/AC040\/!ut\/p\/z0\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8zivQIsTAwdDQz9LQwNzQwCnS0tXPwMvYwNDAz0g1Pz9L30o_ArAppiVOTr7JuuH1WQWJKhm5mXlq8f4ehsYGKgX5DtHg4A39XO3w!!\/\" style=\"\" rel=\"noopener\">National Center for Meteorology<\/a> has <a target=\"_blank\" href=\"https:\/\/x.com\/NCMKSA\/status\/1726960027901296717?s=20\" style=\"\" rel=\"noopener\">taken to X<\/a> to warn citizens to exercise a high degree of caution as we look forward to winter rain. <a target=\"_blank\" href=\"https:\/\/998.gov.sa\/Ar\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Civil Defense<\/a> is urging people to be cautious, follow <a target=\"_blank\" href=\"https:\/\/998.gov.sa\/Ar\/Safety\/GSI\/Pages\/GeneralSaftyInstructions.aspx\" style=\"\" rel=\"noopener\">guidelines<\/a>, and avoid flood-prone areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/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>The Saudi Games are coming back <\/strong><strong>next week: <\/strong>A revamped second edition of the <a target=\"_blank\" href=\"https:\/\/saudigames.sa\/\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/saudigames.sa\/\" style=\"\" rel=\"noopener\">Games<\/a> gets underway on Sunday in Riyadh with a new youth division that include athletes under the age of 18. The event, which runs until Sunday, 10 December, includes 53 individual and team sports \u2014 six of Paralympic sports \u2014 making it <strong>the biggest sports event in the history of the Kingdom<\/strong>. You can book your tickets <a target=\"_blank\" href=\"https:\/\/tickets.saudigames.sa\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>We\u2019re also looking forward to Riyadh Laughs this weekend. <\/strong>It\u2019s too late to get tickets toMaz Jobrani\u2019s show on Thursday night at Boulevard Riyadh City\u2019s Muvi Cinema \u2014 it\u2019s already sold out. But tickets are still available for Dammam-born actor and comedian <strong>Ibrahim Al Hajjaj<\/strong>\u2019s show (<a target=\"_blank\" href=\"https:\/\/www.instagram.com\/barmz_alhajjaj\/?hl=en\" style=\"\" rel=\"noopener\">Instagram<\/a>) on Friday night. Doors open at 8:15pm AST. <strong>Shakir Sherif<\/strong> (<a target=\"_blank\" href=\"https:\/\/instagram.com\/shakirsharif?igshid=MzMyNGUyNmU2YQ==\" style=\"\" rel=\"noopener\">Instagram<\/a>) takes the stage at Boulevard on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A fresh slate of comedians will take to the stage <\/strong>at the end of next week \u2014 we\u2019ll have more for you then. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** <\/strong><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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA- Don\u2019t put your kids online, says SDAIA.<\/strong>The Saudi Data and Artificial Intelligence Authority (SDAIA) has launched an awareness campaign with the aim of protecting children\u2019s personal data, the authority said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7132484328290222080\/\" style=\"\" rel=\"noopener\">Linkedin<\/a> post on Monday. Families are being advised against posting pictures of children online and sharing personal data such as names and home addresses on unfamiliar websites. The authority is also warning parents to regularly have a look at what the kids are storing on their devides. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong><a target=\"_blank\" href=\"https:\/\/www.cop28.com\/\" style=\"\" rel=\"noopener\">COP28<\/a><\/strong><strong> is only a week away<\/strong>, with global leaders in climate, policy, and business preparing for 13 days of intense negotiations in Dubai to save our planet from climate catastrophe. The gathering runs from 30 November to 12 December. Check in with our regional sister publication, <a target=\"_blank\" href=\"http:\/\/climate.enterprise.news\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a>, for wall-to-wall coverage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Just in time for COP: A hydrogen-powered truck. <\/strong><a target=\"_blank\" href=\"https:\/\/mlc.sa\/\" style=\"\" rel=\"noopener\">Almajdouie<\/a><a target=\"_blank\" href=\"https:\/\/mlc.sa\/\" style=\"\" rel=\"noopener\">Logistics<\/a>, <a target=\"_blank\" href=\"https:\/\/www.airproductsqudra.com\/\" style=\"\" rel=\"noopener\">Air Products Qudra<\/a> and the <a target=\"_blank\" href=\"https:\/\/tga.gov.sa\/News\/146\" style=\"\" rel=\"noopener\">Transport General Authority (TGA)<\/a> launched yesterday trial operations for Saudi Arabia\u2019s first hydrogen-powered truck, state-run news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2001561\" style=\"\" rel=\"noopener\">Saudi Press Agency<\/a> reports. The truck can cover more than 400 km with 35 kg of hydrogen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- We\u2019re also getting our first hydrogen-fueled train: <\/strong>National rail operator <a target=\"_blank\" href=\"https:\/\/www.sar.com.sa\/\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/www.sar.com.sa\/\" style=\"\" rel=\"noopener\">Arabia Railways (SAR)<\/a> \u2014 a subsidiary of the Public Investment Fund \u2014 landed a license <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N1998518\" style=\"\" rel=\"noopener\">last week<\/a> from the TGA to start trials of the first hydrogen-powered passenger train in the Middle East and Africa<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026AND H2 fueling stations: <\/strong>Saudi Railways has also signed an MoU with Air Products Qudra to build an undisclosed number of hydrogen fueling stations for trains on a build, own and operate basis, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/air-products-qudra-saudi-arabia-railways-sign-mou-to-develop-hydrogen-fueling-stations-for-trains-qyc5qta1\" style=\"\" rel=\"noopener\">Zawya<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- The finger-wagging west: <\/strong>Researchers in Melbourne, Australia, think Saudi should spend less time planting trees and that we should instead look to reduce our CO2 footprint \u201cby reducing emissions, not pledging [to plant] large areas of land,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/-unrealistic-land-pledges-weaken-us-saudi-arabia-climate-goals\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHO DOESN\u2019T LOVE A TRADE WAR?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>The General Authority for Foreign Trade is looking into allegations that China and Russia <\/strong><strong>are dumping SNF on Saudi Arabia. <\/strong>The investigation comes after complaints from industry players that foreign manufacturers are exporting sulfonated naphthalene formaldehyde (SNF) to KSA at below-market prices, state-run news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2001368\" style=\"\" rel=\"noopener\">SPA<\/a> announced yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Dumping allegations are typically raised when a commodity is sold in export markets at below-market prices thanks to either subsidies and \/ or a supply glut in the market of origin. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uh, Enterprise? What\u2019s SNF, anyway? SNF is a key additive to cement<\/strong> and, critically for countries like KSA and others in our region, it can be used to make construction more water-efficient by keeping the water-to-cement ratio in concrete low. It\u2019s most-often used in ready-mix concrete as well as precast and prestressed components for infrastructure projects and buildings. <strong>SNF is also used as a fluid in the drilling and metalworking industries <\/strong>and can be important to textile makers and in water treatment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORIES ABROAD-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The global business press is focused on three stories<\/strong> on this fine November morning:<\/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>The Israeli government has agreed to a hostage swap with Hamas<\/strong> that will see a four-day pause in the fighting. At least 50 Israeli hostages will be released and some 150 Palestinian detained freed. The news is everywhere, from from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-government-debates-deal-release-gaza-hostages-truce-2023-11-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-22\/israel-approves-hostage-deal-pause-in-war-with-hamas?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a2798b87-8d2f-40cd-b87a-fdc1ae12c75f\" style=\"\" rel=\"noopener\">Financial Times<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/israel-hamas-war-gaza-strip-2023-11-21\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- We still have no clue who will lead OpenAI \u2014 or whether deposed CEO Sam Altman is <\/strong><strong>going to take <\/strong><strong>his team to Microsoft. <\/strong>But there are signs that OpenAI\u2019s board buckling \u2014 it\u2019s said to be in talks once more with Altman to bring him back. <strong><a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/21\/23971120\/the-negotiations-to-bring-sam-altman-back-to-openai-slowly-continue\" style=\"\" rel=\"noopener\">The Verge<\/a><\/strong><strong> reports that Altman prefers to return to OpenAI<\/strong>, and Microsoft boss Satya Nadella has pulled back a bit from public discussion of what\u2019s going on. Nearly all of the company\u2019s 700 employees have reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/edition?id=53bd6479-27a1-42f1-97ae-d2b1d7424f9b&prev=false\" style=\"\" rel=\"noopener\">threatened<\/a> to leave if Altman is not reinstated. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Follow the story throughout the day by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theverge.com\/\" style=\"\" rel=\"noopener\">dipping into the Verge\u2019s story stream<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to go deeper? <\/strong>Try <a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/microsoft-ceo-satya-nadella-on-the-openai-debacle\/id1643307527?i=1000635493343\" style=\"\" rel=\"noopener\">Kara Swisher\u2019s interview with Nadella<\/a> or the Vergecast\u2019s bid to <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/20\/23969876\/today-on-the-emergency-vergecast-what-in-the-world-is-happening-at-openai\" style=\"\" rel=\"noopener\">make<\/a><a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/20\/23969876\/today-on-the-emergency-vergecast-what-in-the-world-is-happening-at-openai\" style=\"\" rel=\"noopener\">sense of what\u2019s going on<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- This morning in corporate crime: The CEO of the world\u2019s largest crypto exchange has <\/strong><strong>pleaded guilty to money laundering. <\/strong>Binance CEO Changpeng Zhao (known as CZ in the crypto world) has stepped down and pleaded guilty to breaching anti-money laundering laws in the US in what was described by prosecutors as one of the heftiest corporate penalties in US history, according to statements from the <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy1925\" style=\"\" rel=\"noopener\">US Treasury<\/a> and <a target=\"_blank\" href=\"https:\/\/www.justice.gov\/opa\/pr\/binance-and-ceo-plead-guilty-federal-charges-4b-resolution\" style=\"\" rel=\"noopener\">Justice Department<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zhao will likely serve no more than 18 months in prison <\/strong>as part of a plea agreement, despite facing a sentence of up to 10 years.The news is everywhere this morning in the global business press: <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/us-authorities-set-unveil-settlement-with-binance-source-2023-11-21\/#:~:text=NEW%20YORK%2C%20Nov%2021%20(Reuters,exchange%2C%20prosecutors%20said%20on%20Tuesday.\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/binance-ceo-zhao-to-plead-guilty-in-us-settlement-wsj?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d10af983-1376-457f-9709-815e04ba59fb\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/binance-ceo-steps-crypto-platform-hit-4-billion-fines-rcna126071\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/currencies\/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Riyadh is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/saudi-egyptian-real-estate-investment-conference-launches-in-riyadh-j7eg0032\" style=\"\" rel=\"noopener\">hosting<\/a><\/strong><strong> a real estate investment conference talking up opportunities in <\/strong><strong>Egypt. <\/strong>Expect senior Saudi and Egyptian government officials to be on hand alongside leaders of the industry in both countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Also: A number of bold-name Saudi companies are in Cairo today <\/strong>for the <a target=\"_blank\" href=\"https:\/\/gcc-egyptbf.com\/en\/forum\/forum-program-1\" style=\"\" rel=\"noopener\">Egy-GCC<\/a><a target=\"_blank\" href=\"https:\/\/gcc-egyptbf.com\/en\/forum\/forum-program-1\" style=\"\" rel=\"noopener\">Business Forum<\/a>, which takes place today and tomorrow. Egyptian officials <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3aefmvzn\" style=\"\" rel=\"noopener\">said<\/a> they were shopping some 150 projects to Saudi investors at a meeting of the Egypt-Saudi Business Council in Cairo yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC+ member states are meeting on Sunday to discuss how the cartel of <\/strong><strong>oil-producing nations will respond to falling oil prices<\/strong> and how new economic realities could further stifle demand. There\u2019s talk of an additional cut of 1 mn barrels per day, according to industry insider chatter picked up by the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b2828be2-a3a7-4b3f-bb50-d816ee7162ca\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n\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\/china-saudi-relations\/\">China-Saudi relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/egypt-saudi-relations\/\">Egypt-Saudi relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/foreign-trade\/\">foreign trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh-laughs\/\">Riyadh Laughs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/russia-saudi-relations\/\">Russia-Saudi relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-games\/\">Saudi Games<\/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=\"82278\" 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=\"82278\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/regional-broadcaster-mbc-to-go-public-on-tadawul-in-blockbuster-ipo\/\">\r\n                            Top broadcaster MBC to go public on Tadawul in blockbuster IPO                        <\/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\/2023\/11\/22\/regional-broadcaster-mbc-to-go-public-on-tadawul-in-blockbuster-ipo\/\" 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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The prospectus for the offering of 10% of the company\u2019s total shares on Tadawul has yet to be released, the CMA said in a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3445.aspx\" style=\"\" rel=\"noopener\">brief statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MBC is explicitly courting global and regional institutions with the offering. <\/strong>The institutional tranche of the sale will account for at least 90% of shares on offer, while no more than 10% will be allocated to individual investors. The offering will be Regulation S compliant (ie: pass muster with the US Securities and Exchange Commission), making it easier for global institutional investors to consider taking a stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The broadcaster has up to six months to pull the trigger on the sale<\/strong>, the regulator said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MBC is pitching itself as a long-term growth story<\/strong>, its <a target=\"_blank\" href=\"https:\/\/www.mbc.net\/ipo\" style=\"\" rel=\"noopener\">IPO microsite<\/a> suggests. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is one of the region\u2019s oldest and largest broadcasters and has done a good <\/strong><strong>job of managing the switch from satellite to streaming<\/strong> with the launch of its Shahid streaming service, which claims the largest audience of any of what the industry calls \u201cover-the-top\u201d or \u201cOTT\u201d services in MENA. The group draws c. 150 mn viewers a week on satellite, while Shahid has 22 mn peak active users during Ramadan and is building it an audience in the Australia and the United States. MBC runs 13 channels (from news to entertainment) and has a library of some 9.2k proprietary titles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In numbers<\/strong>, MBC claims:<\/p>\n<ul>\n<li><strong>An EBITDA margin of just over 10% last year<\/strong>, with EBITDA of SAR 377 mn on revenues of SAR 3.49 bn. It says that margin is industry-leading \u2014 and that it would have turned in an EBITDA margin of >20% if it wasn\u2019t investing in fast-growing Shahid;<\/li>\n<\/ul>\n<ul>\n<li><strong>A 40% share of audience in KSA<\/strong>, which it says makes it 2.5x larger than its nearest competitor;<\/li>\n<li><strong>#1 positions in Egypt, Iraq, and Morocco<\/strong>, though it stops short of specifying the size of its audience in those countries. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How does it plan to grow? <\/strong>Streaming, streaming, streaming. MBC is highlighting its fast-growing paid-subscription streaming business (where it also sees substantial advertising prospects) \u2014 and is talking up \u201cgaming, music and events\u201d as important future revenue streams. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who owns MBC? <\/strong>The state\u2019s Al Istedamah has 60%, while founder and chairman Waleed Al Ibrahim holds the balance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s selling? <\/strong>The company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1239.pdf\" style=\"\" rel=\"noopener\">intention to float (pdf)<\/a> does not make clear which of the two parties is offering how many shares for sale, but CEO Sam Barnett said Al Ibrahim is \u201cactively engaged\u201d in the business and is \u201cnot selling.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global media coverage: <\/strong>The announcement is getting ink from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/top-mideast-broadcaster-mbc-gets-regulatory-nod-for-saudi-ipo?srnd=premium-middle-east&sref=mmeFTDW1#xj4y7vzkg\" style=\"\" rel=\"noopener\">Bloomberg<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/saudi-media-group-mbc-gains-approval-ipo-2023-11-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, in addition to wide coverage in regional media.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- HSBC<\/strong>, <strong>JP Morgan<\/strong>, and <strong>SNB Capital<\/strong> are on board as joint financial advisors as well as joint bookrunners and underwriters. <strong>GIB Capital <\/strong>is serving as financial advisor to substantial shareholders. <strong>Arab National Bank<\/strong>, <strong>Banque Saudi Fransi<\/strong>,<strong> Riyad Bank<\/strong> and <strong>Saudi National Bank <\/strong>have been named receiving banks, while <strong>Brunswick <\/strong>is running media. <\/p>\n\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\/al-istedamah\/\">Al Istedamah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hsbc\/\">HSBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jp-morgan\/\">JP Morgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mbc\/\">MBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/snb-capital\/\">SNB Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/waleed-al-ibrahim\/\">Waleed Al Ibrahim<\/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=\"82280\" 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=\"82280\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/almujtama-starts-trading-on-nomu-today-lana-medical-prices-ipo\/\">\r\n                            Almujtama starts trading on Nomu today + Lana Medical prices IPO                        <\/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        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      \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/almujtama-starts-trading-on-nomu-today-lana-medical-prices-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1175.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82281\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/almujtama-starts-trading-on-nomu-today-lana-medical-prices-ipo\/1175-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1175.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1175.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1175.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1175.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82280\" class=\"content-area-description single-story post-82280 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-almujtama-alraida-medical tag-capital-market tag-enterpriseam-ksa tag-ipo-watch tag-lana-medical tag-nomu tag-tadawul 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\/.34981826-950a-466b-a71e-5d65fc40bd72.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Nomu welcomes newcomer Almujtama today: <\/strong>Pharma company <a target=\"_blank\" href=\"https:\/\/almujtama.com.sa\/\" style=\"\" rel=\"noopener\">Almujtama Alraida Medical<\/a> will list its shares on parallel market Nomu today where its shares will start trading at <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/bc27xnbh\" style=\"\" rel=\"noopener\">SAR 40 a piece<\/a>, Tadawul <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2n53nzrk\" style=\"\" rel=\"noopener\">said<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lock-up period<\/strong>: Shareholders with stakes over 5% will have a 12-month lockup period starting today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>Almujtama owns and operates a chain of 125 pharmacies across the country and plans to open 32 new outlets in the next 12 months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- Aldukheil Financial Group<\/strong> is quarterbacking the transaction as financial advisor, while <strong>Talal Abu-Ghazaleh & Co.<\/strong> is acting as auditor. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER IPO NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Healthcare provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/lana-medical.com\/\" style=\"\" rel=\"noopener\">Lana<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/lana-medical.com\/\" style=\"\" rel=\"noopener\">Medical<\/a><\/strong><strong> has priced its Nomu IPO at SAR 31.00 apiece <\/strong>after wrapping its book-building process with demand for 117.2% of all shares on offer, financial advisor and lead manager Yaqeen Capital said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3vfa7e4m\" style=\"\" rel=\"noopener\">a regulatory filing<\/a> yesterday. The healthcare player intends to list 720k ordinary shares on Nomu, good for a 20% stake in the company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- Yaqeen Capital<\/strong> is quarterbacking the transaction as financial advisor and lead manager, while <strong>Alkharashi<\/strong> is acting as auditor, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=f727c168ae&e=8e5fca127e\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other Nomu listings in the pipeline:<\/strong><\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=29eb88e1a6&e=8e5fca127e\" style=\"\" rel=\"noopener\">NUPCO<\/a>, Saudi\u2019s largest medical procurement firm;<\/li>\n<li>Fad International (<a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=a122b64ec4&e=8e5fca127e\" style=\"\" rel=\"noopener\">prospectus, pdf<\/a>);<\/li>\n<li>View United Real Estate Development (<a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=546004f7b1&e=8e5fca127e\" style=\"\" rel=\"noopener\">prospectus, pdf<\/a>);<\/li>\n<li>Armah Sports (<a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=ad404affdd&e=8e5fca127e\" style=\"\" rel=\"noopener\">prospectus, pdf<\/a>);<\/li>\n<\/ul>\n\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\/almujtama-alraida-medical\/\">Almujtama Alraida Medical<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-market\/\">Capital market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/lana-medical\/\">Lana Medical<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nomu\/\">Nomu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/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=\"82282\" 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=\"82282\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/\">\r\n                            Sabic and TotalEnergies mull the sale of jointly owned USD 1 bn chemical plant                        <\/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\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/\" 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\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/')\">\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\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/\">\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, TotalEnergies mull sale of USD 1 bn chemical plant in US&url=https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/\">\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\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/&title=Sabic, TotalEnergies mull sale of USD 1 bn chemical plant in US\">\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%2C+TotalEnergies+mull+sale+of+USD+1+bn+chemical+plant+in+US+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F11%2F22%2Fsabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us%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\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1191.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82283\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/sabic-totalenergies-mull-sale-of-usd-1-bn-chemical-plant-in-us\/1191-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1191.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1191.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1191.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1191.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82282\" class=\"content-area-description single-story post-82282 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam-ksa tag-ma-watch tag-petrochemicals tag-sabic tag-totalenergies 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\/.b093d7ad-62ff-48c3-8b4a-c8ef6bdd4ca7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sabic and French energy giant TotalEnergies could be selling their jumbo US chemical <\/strong><strong>plant in a USD 1 bn transaction,<\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-20\/totalenergies-sabic-said-to-mull-selling-us-chemical-plant\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported yesterday, citing sources it says have knowledge of the potential transaction. The business information service didn\u2019t name the buyer; neither SABIC nor TotalEnergies would comment on the claim. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plastic everything: <\/strong><a target=\"_blank\" href=\"https:\/\/corporate.totalenergies.us\/carville-plant\" style=\"\" rel=\"noopener\">The plant in<\/a><a target=\"_blank\" href=\"https:\/\/corporate.totalenergies.us\/carville-plant\" style=\"\" rel=\"noopener\">Carville, Louisiana<\/a>, produces styrene and polystyrene, which are used in the production everything from plastic packaging and disposable cups to insulation. The styrene plant is owned 50-50 between Sabic and TotalEnergies. The same site is home to a polystyrene plant wholly owned by TotalEnergies. <strong>Together, the two plants are the world\u2019s largest styrene and polystyrene facility.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>Total and Sabic have reportedly hired an advisor to prepare for the sale of the styrene and polystyrene production lines in Louisiana. Talks are still at an early stage, Bloomberg said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> TotalEnergies is a long-term Aramco partner. The two are building a USD 11 bn petrochemical project in Saudi Arabia, <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2022\/aramco-and-totalenergies-take-final-investment-decision\" style=\"\" rel=\"noopener\">Aramco announced<\/a> last December.<\/p>\n\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\/ma-watch\/\">M&amp;A WATCH<\/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\/sabic\/\">SAbic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/totalenergies\/\">TotalEnergies<\/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=\"82284\" 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=\"82284\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/ades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn\/\">\r\n                            Ades Holding signs its inaugural contract in Indonesia + two new contracts in Algeria                        <\/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\/2023\/11\/22\/ades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn\/\" 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\/2023\/11\/22\/ades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn\/')\">\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\/2023\/11\/22\/ades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn\/\">\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=Ades inks contracts in Indonesia + Algeria worth a combined SAR 1 bn&url=https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/ades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn\/\">\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\/2023\/11\/22\/ades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn\/&title=Ades inks contracts in Indonesia + Algeria worth a combined SAR 1 bn\">\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=Ades+inks+contracts+in+Indonesia+%2B+Algeria+worth+a+combined+SAR+1+bn+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F11%2F22%2Fades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn%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\/2023\/11\/22\/ades-inks-contracts-in-indonesia-algeria-worth-a-combined-sar-1-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82284\" class=\"content-area-description single-story post-82284 post type-post status-publish format-standard hentry category-energy tag-ades-holding tag-drilling tag-energy tag-enterpriseam-ksa tag-pertamina-drilling-services-indonesia tag-sonatrach 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\/.f0a23568-a470-49bb-ab3b-23e42a1ee889.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Oil driller Ades lands contracts in Indonesia, Algeria: <\/strong>Fresh off its hot IPO, Tadawul-listed oil and gas drilling company <a target=\"_blank\" href=\"https:\/\/adesgroup.com\/\" style=\"\" rel=\"noopener\">Ades Holding<\/a> has inked three contracts worth combined SAR 1 bn (USD 293 mn) in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3thhcsh5\" style=\"\" rel=\"noopener\">Indonesia<\/a> and <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4xzjwcta\" style=\"\" rel=\"noopener\">Algeria<\/a>, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1124.pdf\" style=\"\" rel=\"noopener\">a regulatory filing (pdf)<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Southeast Asia is new for the Egypt-born company: <\/strong>State-owned <a target=\"_blank\" href=\"https:\/\/pdsi.pertamina.com\/\" style=\"\" rel=\"noopener\">Pertamina Drilling<\/a><a target=\"_blank\" href=\"https:\/\/pdsi.pertamina.com\/\" style=\"\" rel=\"noopener\">Services Indonesia (PDSI)<\/a> awarded Ades a three-year contract that could potentially be extended to five years to operate Ades\u2019 existing jack-up drilling rig Emerald Driller in the Java Sea. Ades drew a line under the contract\u2019s favorable pricing, which it says is at a day rate higher than the going average with a \u201chigh double-digit increase.\u201d Operations are set to start in 2H 2024. <strong>Indonesia becomes Ades\u2019 eighth country<\/strong>; the Emerald Driller is currently stationed in Qatar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not a first in Algeria: <\/strong>State-owned oil company <a target=\"_blank\" href=\"https:\/\/sonatrach.com\/\" style=\"\" rel=\"noopener\">Sonatrach<\/a> has awarded Ades two five-year contracts worth a combined SAR 296 mn to operate two of Ades\u2019 existing onshore rigs dubbed (ADES 810 and ADES 815), which are currently in Egypt. The company expects to start operations in 2H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cRevenue replenishment\u201d is the name of the game <\/strong>for a driller such as Ades, which needs to book business ahead of existing contracts ending when fields peter out. An emphasis on long-term contracts \u201coffers robust cashflow visibility,\u201d said Ades CEO Mohamed Farouk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ades does a mix of onshore and offshore work across MENA and in India. <\/strong>It went public this fall in a high-profile IPO on the Tadawul orchestrated by the Public Investment Fund (PIF). The PIF bought London-listed driller and took it private ahead of the transaction. The USD 1.2 bn IPO was <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/saudi-pif-backed-ades-prices-ipo-top-end-implying-over-4-bln-valuation-2023-09-20\/\" style=\"\" rel=\"noopener\">priced at the top of the range<\/a> after heavy interest from both institutional and individual buyers, making it <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-20\/saudi-driller-gets-76-5-billion-of-orders-for-1-2-billion-ipo?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">the Kingdom\u2019s biggest IPO this year<\/a>. <\/p>\n\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\/ades-holding\/\">Ades Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/drilling\/\">Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pertamina-drilling-services-indonesia\/\">Pertamina Drilling Services Indonesia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sonatrach\/\">Sonatrach<\/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=\"82285\" 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=\"82285\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/telecoms-giant-zain-ksa-divests-fully-from-tower-operator-golden-lattice\/\">\r\n                            PIF consolidates its ownership of Golden Lattice in a SAR 726 mn transaction with Zain KSA                        <\/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\" 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<\/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\/2023\/11\/22\/telecoms-giant-zain-ksa-divests-fully-from-tower-operator-golden-lattice\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1140.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82286\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/telecoms-giant-zain-ksa-divests-fully-from-tower-operator-golden-lattice\/1140-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1140.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1140.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1140.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1140.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82285\" class=\"content-area-description single-story post-82285 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam-ksa tag-golden-lattice-investment-company tag-ma-watch tag-mobile-telecommunications-company-saudi-arabia tag-pif tag-telecommunication tag-zain-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\/.4db207fc-422b-46c5-b768-9dc973be0a78.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Zain offloads its remaining 20% stake in Golden Lattice to PIF: <\/strong>Zain KSA has offloaded its remaining 20% stake in mobile tower infrastructure provider Golden Lattice Investment Company (GLI) to the Public Investment Fund, it said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/22wkakye\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a> on Monday. <strong>GLI operates more than 8k towers across the kingdom. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF paid a healthy premium: <\/strong>The Mobile Telecommunication Company Saudi Arabia, as Zain is formally known, netted SAR 726 mn \u2014 that\u2019s a 20% premium to the SAR 605 mn book value of the stake. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where are the funds going? <\/strong>The telecoms giant plans to use the proceeds from the transaction to fund investment and its core business, it said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Tadawul-listed Zain KSA sold GLI, known at the time as Zain Business, to the PIF <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/zain-saudi-arabia-moves-ahead-towers-sale-pif-led-group-2022-10-16\/\" style=\"\" rel=\"noopener\">last year<\/a> for USD 800 mn in a transaction that gave Zain SAR 2.4 bn in cash and a 20% stake in GLI. The PIF received at the time a call option that allowed it to buy back Zain KSA\u2019s stake in GLI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARKET REAX<\/strong><strong>:<\/strong>Zain shares fell 0.7% to SAR 14.1 at yesterday\u2019s close.<\/p>\n\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\/golden-lattice-investment-company\/\">Golden Lattice Investment Company<\/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\/mobile-telecommunications-company-saudi-arabia\/\">Mobile Telecommunications Company Saudi Arabia<\/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\/telecommunication\/\">Telecommunication<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zain-ksa\/\">Zain KSA<\/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=\"82287\" 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=\"82287\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/pif-backed-sports-venture-acquires-mma-rival-bellator-from-paramount\/\">\r\n                            PIF-backed sports venture acquires MMA rival Bellator from Paramount                        <\/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\" 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<\/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\/2023\/11\/22\/pif-backed-sports-venture-acquires-mma-rival-bellator-from-paramount\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1179.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82288\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/pif-backed-sports-venture-acquires-mma-rival-bellator-from-paramount\/1179-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1179.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1179.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1179.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1179.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82287\" class=\"content-area-description single-story post-82287 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam-ksa tag-ma tag-ma-watch tag-martial-arts tag-pif tag-professional-fighters-league tag-sports 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\/.d3e13e41-9838-4f97-9eb9-fce39add2e43.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>MMA M&A- <\/strong><strong>PIF-backed Professional Fighters League, a rival to the Ultimate Fighting <\/strong><strong>Championship brand, is buying Bellator MMA from Paramount. <\/strong>The US-based <a target=\"_blank\" href=\"https:\/\/pflmma.com\/investors\" style=\"\" rel=\"noopener\">PFL<\/a>, which is backed by the Public Investment Fund (PIF), has acquired rival fighting franchise Bellator MMA from Paramount, PFL said in a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/professional-fighters-league-acquires-bellator-in-industry-transformative-deal-301993732.html\" style=\"\" rel=\"noopener\">statement<\/a> yesterday that got plenty of ink in the global business press. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a power move: <\/strong>PFL is challenging industry leader Ultimate Fighting Championship (<a target=\"_blank\" href=\"https:\/\/www.ufc.com\/\" style=\"\" rel=\"noopener\">UFC<\/a>) as kingpin of the mixed martial arts arena. The financial terms of the agreement were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said<\/strong>: \u201cPFL is now a global powerhouse in MMA,\u201d said Donn Davis, PFL\u2019s founder and chairman. \u201cOur Bellator acquisition turbocharges PFL\u2019s mission to innovate the sport and become the industry co-leader.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The PIF\u2019s buy-in made the transaction possible:<\/strong>PIF created sports investment company <a target=\"_blank\" href=\"https:\/\/srjsports.com\/\" style=\"\" rel=\"noopener\">SRJ<\/a> over the summer; SRJ then poured USD 100 mn into PFL in August, marking it the sport-focused fund\u2019s first major investment. \u201cThere is no better global investor with industrial-strength capital [than PIF] to help us achieve our global vision,\u201d Davis said in an <a target=\"_blank\" href=\"https:\/\/www.sportico.com\/leagues\/other-sports\/2023\/saudi-pif-pfl-investment-sports-fund-1234735454\/\" style=\"\" rel=\"noopener\">interview<\/a> last August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom is placing hefty bets on sports: <\/strong>We\u2019ve been throwing ourselves into sports ranging from football, to golf, cage fighting, and cricket, with Saudi investors reportedly committing USD 6.3 bn the industry since 2021.<\/p>\n\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\/ma\/\">M&amp;A<\/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\/martial-arts\/\">Martial Arts<\/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\/professional-fighters-league\/\">Professional Fighters League<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82289\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82290\" 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=\"82290\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">HOSPITALITY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/hilton-wants-85-hotels-in-saudi-arabia-by-2030-a-more-ambitious-rollout-than-previously-announced\/\">\r\n                            Hilton wants 85 hotels in Saudi Arabia by 2030 \u2014 a more ambitious rollout than previously announced                        <\/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\/2023\/11\/22\/hilton-wants-85-hotels-in-saudi-arabia-by-2030-a-more-ambitious-rollout-than-previously-announced\/\" 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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           <a href=\"https:\/\/api.whatsapp.com\/send?text=Hilton+wants+85+hotels+in+Saudi+Arabia+by+2030+%E2%80%94+a+more+ambitious+rollout+than+previously+announced+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F11%2F22%2Fhilton-wants-85-hotels-in-saudi-arabia-by-2030-a-more-ambitious-rollout-than-previously-announced%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\/2023\/11\/22\/hilton-wants-85-hotels-in-saudi-arabia-by-2030-a-more-ambitious-rollout-than-previously-announced\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1186.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82291\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/hilton-wants-85-hotels-in-saudi-arabia-by-2030-a-more-ambitious-rollout-than-previously-announced\/1186-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1186.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1186.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1186.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1186.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82290\" class=\"content-area-description single-story post-82290 post type-post status-publish format-standard has-post-thumbnail hentry category-hospitality tag-carlos-khneisser tag-enterpriseam-ksa tag-hilton-worldwide tag-hospitality tag-tourism 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\/.bfb00da1-0e8c-4cf3-85dc-3682f05ce6d5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Hilton Worldwide Holdings aims to open more than 60 hotels in Saudi over the coming <\/strong><strong>three to five years<\/strong>, aiming to build a portfolio of 85 active properties by 2028, Carlos Khneisser, vice president of development for Hilton in the Middle East and Africa, told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/special-stories\/2023\/11\/21\/-%D9%87%D9%8A%D9%84%D8%AA%D9%88%D9%86-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-76-%D9%81%D9%86%D8%AF%D9%82%D9%8B%D8%A7-%D8%AC%D8%AF%D9%8A%D8%AF%D9%8B%D8%A7-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%82%D8%A8%D9%84-2030\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi is a key global growth market for Hilton<\/strong>, which Khneisser says has already inked agreements to manage properties in Riyadh, Abha, and Jeddah. Hilton has more ongoing projects here than it does in any other EMEA market and is the fourth-busiest territory for Hilton globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s on the order of 10 properties more than Hilton had previously telegraphed. <\/strong>The operator had <a target=\"_blank\" href=\"https:\/\/stories.hilton.com\/emea\/releases\/hilton-plans-to-more-than-quadruple-its-presence-in-saudi-arabia\" style=\"\" rel=\"noopener\">said earlier this year<\/a> that it was looking to open 50 new properties here for 10 of its brands. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some of that pipeline is already visible:<\/strong> The <strong>Conrad Riyadh Laysen Valley <\/strong>will be the Conrad brand\u2019s first appearance in the capital city <a target=\"_blank\" href=\"https:\/\/stories.hilton.com\/emea\/releases\/hilton-to-debut-luxury-conrad-hotels-resorts-brand-in-riyadh\" style=\"\" rel=\"noopener\">when it opens in 2025<\/a>, while both the <strong>Hilton Hotels and Resorts<\/strong> and <strong>Canopy by Hilton<\/strong> brands will roll out <a target=\"_blank\" href=\"https:\/\/stories.hilton.com\/emea\/releases\/hilton-set-to-bring-its-hilton-hotels-resorts-and-canopy-by-hilton-brands-to-abha-city\" style=\"\" rel=\"noopener\">in Abha in 2026<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- We\u2019re just getting started in tourism.<\/strong> The expansion comes as the Kingdom aims to become a global leader in international travel and tourism. The Tourism Ministry has recently updated its target for total annual tourist trips to 150 mn by 2030, with an equal split between domestic and international travelers, according to <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/travel-and-tourism\/2023\/10\/25\/saudi-arabia-expects-nearly-100-million-tourist-visits-this-year-minister-says\/#:~:text=Of%20the%20150%20million%2C%20it,%2C%E2%80%9D%20Mr%20Al%20Khateeb%20said.\" style=\"\" rel=\"noopener\">earlier statements<\/a> by Tourism Minister Ahmed Al Khateeb. <strong>The ministry wants to see the industry account for 10% of GDP by 2030.<\/strong><\/p>\n\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\/carlos-khneisser\/\">Carlos Khneisser<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hilton-worldwide\/\">Hilton Worldwide<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tourism\/\">tourism<\/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=\"82292\" 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=\"82292\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/\">\r\n                            Citi management shakeup has no real Saudi impact. PLUS: Aramco nabs Socar trader.                        <\/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\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/\" 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\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/')\">\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\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/\">\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=Citi management shakeup has no real Saudi impact. PLUS: Aramco nabs Socar trader.&url=https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/\">\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\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/&title=Citi management shakeup has no real Saudi impact. PLUS: Aramco nabs Socar trader.\">\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=Citi+management+shakeup+has+no+real+Saudi+impact.+PLUS%3A+Aramco+nabs+Socar+trader.+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F11%2F22%2Fciti-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader%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\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1242.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82293\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/citi-management-shakeup-has-no-real-saudi-impact-plus-aramco-nabs-socar-trader\/1242-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1242.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1242.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1242.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1242.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82292\" class=\"content-area-description single-story post-82292 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-aramco tag-carmen-haddad tag-citi tag-enterpriseam-ksa tag-fahad-al-deweesh tag-moves 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\/.5400b743-9d93-4f95-b642-b0fb19c167c1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Much ado about nothing (in the Mideast): <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/citigroup-employees-brace-layoffs-management-overhaul-sources-2023-11-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/citigroup-s-top-saudi-banker-haddad-takes-vice-chairman-role?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a> are giving plenty of ink to <strong>Citi\u2019s management shakeup<\/strong>, which the bank described in statement as having demanded \u201csome difficult, consequential decisions, but we believe they are the right steps to align our structure with our strategy.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not much is changing in our corner of the world:<\/strong> Former KSA boss <strong>Carmen Haddad<\/strong>(<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/carmen-haddad-17952041\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) is \u201cmoving into the client organization\u201d as vice chair for Mideast wealth and banking, where she will \u201cprovide senior level dialogue and coverage of key sovereign \/ government and private banking clients\u201d while also advising on the growth the Citi\u2019s business in the Kingdom. It\u2019s a role she has been fulfilling since summer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Both wire services note that <strong>Fahad Al-Deweesh<\/strong> succeed Haddad as country head for KSA, but that\u2019s a role he <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7062065969908596736?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7062065969908596736%29\" style=\"\" rel=\"noopener\">has had since June<\/a>, according to his <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/fahad-al-deweesh-cfa-6948243\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a> profile. Aldeweesh joined Citi from JPMorgan\u2019s Saudi operation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Saudi Aramco <\/strong>has hired <strong>Dan House <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/dan-house-1179b6a\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) from Socar Trading to lead its relatively new crude trading business in the Americas. House had a nine-year run at Mercuria Energy Trading before joining Socar. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/saudi-aramco-hires-socar-s-house-to-lead-americas-crude-trading?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a> broke the news.<\/p>\n\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\/carmen-haddad\/\">Carmen Haddad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/citi\/\">Citi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/fahad-al-deweesh\/\">Fahad Al-Deweesh<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82294\" 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=\"82294\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/war-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter\/\">\r\n                            War in Gaza, Al Nassr FC\u2019s Ronaldo top the conversation on Saudi Twitter                        <\/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\/2023\/11\/22\/war-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter\/\" 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\/2023\/11\/22\/war-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter\/')\">\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\/2023\/11\/22\/war-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter\/\">\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=War in Gaza, Al Nassr FC\u2019s Ronaldo top the conversation on Saudi Twitter&url=https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/war-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter\/\">\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\/2023\/11\/22\/war-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter\/&title=War in Gaza, Al Nassr FC\u2019s Ronaldo top the conversation on Saudi Twitter\">\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=War+in+Gaza%2C+Al+Nassr+FC%E2%80%99s+Ronaldo+top+the+conversation+on+Saudi+Twitter+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F11%2F22%2Fwar-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter%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\/2023\/11\/22\/war-in-gaza-al-nassr-fcs-ronaldo-top-the-conversation-on-saudi-twitter\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82294\" class=\"content-area-description single-story post-82294 post type-post status-publish format-standard hentry category-trending tag-al-nassr tag-christiano-ronaldo tag-enterpriseam-ksa tag-trending 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\/.5213bd66-d045-42af-8c1c-64a553b174b6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel\u2019s war in Gaza continues to dominate the conversation on Saudi <\/strong><strong>Twitter<\/strong><strong> X<\/strong>, with users tweeting their support for Foreign Minister Prince Faisal bin Farhan\u2019s recent tweets condemning the war (<a target=\"_blank\" href=\"https:\/\/x.com\/bwtm88887654\/status\/1726934812236374069?s=20\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/x.com\/maha0005\/status\/1726906554727776673?s=20\" style=\"\" rel=\"noopener\">here<\/a>, and <a target=\"_blank\" href=\"https:\/\/x.com\/mJC0zmyK2EWLUQi\/status\/1726932663364469080?s=20\" style=\"\" rel=\"noopener\">here<\/a>). We saw mor than 8.5k posts on the subject yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Christiano Ronaldo's Al Nassr FC Move continues to send us into a Twitter frenzy. <\/strong>We\u2019re even more obsessed with Ronaldo after he joined Al Nassr FC in January, (<a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D8%B1%D9%88%D9%86%D8%A7%D9%84%D8%AF%D9%88\" style=\"\" rel=\"noopener\">\u0631\u0648\u0646\u0627\u0644\u062f\u0648#<\/a>). More than 63k posts on everything from game reports to simple outpourings of love flooded the twittersphere.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A \u201cRiyal-Free Ronaldo\u201d hashtag pokes Al Nassr FC signing of the football star:<\/strong> The hashtag (<a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23%D9%88%D9%84%D8%A7_%D8%B1%D9%8A%D8%A7%D9%84&src=typeahead_click&f=top\" style=\"\" rel=\"noopener\">#\u0648\u0644\u0627_\u0631\u064a\u0627\u0644<\/a>) pokes fun of sports journalist Mohamed Al Dowayesh's <a target=\"_blank\" href=\"https:\/\/x.com\/Aldowayesh\/status\/1726544868862783834?s=20\" style=\"\" rel=\"noopener\">post<\/a> claiming, \u201cAl Nassr FC paid not on one SAR in the agreement for Cristiano Ronaldo, or any of other agreement, for that matter.\u201d<\/p>\n\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\/al-nassr\/\">Al Nassr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/christiano-ronaldo\/\">Christiano Ronaldo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trending\/\">TRENDING<\/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=\"82295\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15542.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82296\" 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=\"82296\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/two-fintech-players-get-cma-nod-to-launch-plus-news-from-aramco-neom-nabaa-al-saha-and-more\/\">\r\n                            Two fintech players get CMA nod to launch. PLUS: News from Aramco, Neom, Nabaa Al Saha and more                        <\/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\/2023\/11\/22\/two-fintech-players-get-cma-nod-to-launch-plus-news-from-aramco-neom-nabaa-al-saha-and-more\/\" 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\/2023\/11\/22\/two-fintech-players-get-cma-nod-to-launch-plus-news-from-aramco-neom-nabaa-al-saha-and-more\/')\">\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\/2023\/11\/22\/two-fintech-players-get-cma-nod-to-launch-plus-news-from-aramco-neom-nabaa-al-saha-and-more\/\">\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=Two fintech players get CMA nod to launch. PLUS: News from Aramco, Neom, Nabaa Al Saha and more&url=https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/two-fintech-players-get-cma-nod-to-launch-plus-news-from-aramco-neom-nabaa-al-saha-and-more\/\">\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\/2023\/11\/22\/two-fintech-players-get-cma-nod-to-launch-plus-news-from-aramco-neom-nabaa-al-saha-and-more\/&title=Two fintech players get CMA nod to launch. 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The Capital Market Authority made separate announcements <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mrbrtz9v\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/n2h7xsju\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emkan is an investing platform for beginners + offers crowdfunding as a service to <\/strong><strong>MSMEs.<\/strong> Think of it as a smart dashboard that gives would-be investors their choice of privately held SMEs and issued sukuk. Beginner investors can make investment decisions through <br \/>\u201cfast,safe procedures and steps,\u201d <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1149.png\" style=\"\" rel=\"noopener\">Emkan writes on its<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1149.png\" style=\"\" rel=\"noopener\">website<\/a>. Private companies can view it as a crowdfunding platform where they can raise funds by selling shares and sukuk to the public. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Safqa, meanwhile, will provide investment and financing to the real estate industry<\/strong>, according to their placeholder website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OIL + GAS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco begins drilling operations at Spark:<\/strong>Oil giant Aramco launched operations at its main drilling and workover hub in King Salman Energy Park (Spark), a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1121.pdf\" style=\"\" rel=\"noopener\">statement by Spark<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1121.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> said yesterday. The operational launch of the D&WO HQ and industrial facilities within the park will help it \u201cact as a main enabler to support the localization of the oil and gas value chain,\u201d the statement read. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>More than 1k Aramco employees will work at the hub, which <a target=\"_blank\" href=\"https:\/\/www.spark.sa\/page\/Our_Identity\" style=\"\" rel=\"noopener\">Spark<\/a> is positioning as key to its goal of luring upstream suppliers and other players in the energy value chains to set up shop in the Kingdom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Spark? <\/strong>Located in the oil-rich Eastern Province, Spark is being developed as an industrial ecosystem and energy hub aimed at boosting the kingdom\u2019s energy value chain. Spark aims to to contribute over USD 6 bn to Saudi Arabia\u2019s GDP annually and create up to 100k direct and indirect jobs at maturity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LOGISTICS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NIDLP is inching closer to bringing online a third of the 59 logistics centers it is planning <\/strong><strong>to open<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2023\/11\/20\/article_2660681.html\" style=\"\" rel=\"noopener\">Al Eqtisadiah<\/a> reports, quoting the National Industrial Development Logistics Program (NIDLP) Head Suliman Al Mazroua yesterday. The program is currently working with state institutions and the private sector to open the final 38 centers, Al Mazroua added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Crown Prince Mohamed bin Salman <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/5ffjnuwa\" style=\"\" rel=\"noopener\">in August<\/a> launched a plan to develop 59 logistics centers nationwide to boost infrastructure, create jobs and attract investment as part of our national drive to diversify the economy. The plan is to have 12 centers in Riyadh, 12 in Macca, 17 in the Eastern Region, and 18 distributed across the rest of the Kingdom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NEOM-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mayar Holding, Neom sign contract for irrigation maintenance at mega city: <\/strong>Leading escalators and elevators company <a target=\"_blank\" href=\"https:\/\/www.mayar.com.sa\/\" style=\"\" rel=\"noopener\">Mayar Holding<\/a> said its subsidiary <a target=\"_blank\" href=\"https:\/\/www.mayar.com.sa\/saudi-drip-irrigation-co-ltd-2\" style=\"\" rel=\"noopener\">Saudi Drip Irrigation<\/a> signed a SAR 28.9 mn contract with Neom Company to carry out operation and maintenance work at the mega city for 24 months, it said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/vhcd66ds\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul on Tuesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Saudi Drip Irrigation<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.sadricgroup.com\/subsidiaries\/saudi-drip\/\" style=\"\" rel=\"noopener\">Saudi Drip<\/a> specializes in manufacturing drip irrigation systems, solid pipes applications, and accessories. It is also a leading producer of polyethylene drip pipes and related fittings in the kingdom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REAL ESTATE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Retal Urban Development <\/strong><strong>secures contracts for Jeddah and Riyadh residential units:<\/strong><a target=\"_blank\" href=\"https:\/\/retal.com.sa\/en\/\" style=\"\" rel=\"noopener\">Retal Urban Development<\/a> has signed sub-development agreements worth c. SAR 925 mn with state-owned <a target=\"_blank\" href=\"https:\/\/nhc.sa\/en\" style=\"\" rel=\"noopener\">National Housing Co.<\/a> (NHC) to build residential complexes in Riyadh and Jeddah, the company said in separate statements to Tadawul (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yc2385ap\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4j5ufcvn\" style=\"\" rel=\"noopener\">here<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The first contract, valued at SAR 290 mn, involves the development of 366 residential units in zones one and two of Riyadh\u2019s Al Shifa neighborhood. The second contract, worth SAR 635 mn, involves the development of 803 residential units in South Jeddah. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the funds are coming from: <\/strong>The projects will be financed through off-plan sales and the company\u2019s own cashflows and facilities, the real estate developer said. It expects to complete the projects within 42 months from the date of the agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HEALTHCARE-<\/strong><\/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:\/\/nams.sa\/\" style=\"\" rel=\"noopener\">Nabaa Al Saha Medical Services<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/nams.sa\/\" style=\"\" rel=\"noopener\">Co.<\/a><\/strong><strong> has lined up an SAR 11 mn loan from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alrajhibank.com.sa\/en\" style=\"\" rel=\"noopener\">Al Rajhi Bank<\/a><\/strong> to support the expansion of its recently acquired facility <a target=\"_blank\" href=\"https:\/\/alanwar-hosp.com\/en\/Web\" style=\"\" rel=\"noopener\">Al Anwar Medical Hospital<\/a> in Hail. The five-year facility will be used to finance renovations as well as the purchase of tools and equipment for the hospital. Naba Al Saha also operates Al Zahraa General Hospital and Manarat Al Haramain Pharmacy in Qatif.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TECH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IT service provider 2P tapped to lead the Haj Ministry\u2019s digital transformation<\/strong>: The Perfect Presentation Company for Commercial Services (better known as <a target=\"_blank\" href=\"https:\/\/2p.com.sa\/#\/\" style=\"\" rel=\"noopener\">2P<\/a>) has landed a contract worth SAR 47 mn to provide tech services to the Hajj and Umrah Ministry, the company said in a <a target=\"_blank\" href=\"http:\/\/rb.gy\/men4bg\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul yesterday. The three-year contract is expected to have a positive financial impact on the company\u2019s earnings from 2024 through 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2P wil digitize the ministry\u2019s services infrastructure<\/strong>, including the operation and management of the ministry\u2019s servers and systems as well as its unified communications systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INVESTMENT WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More investment for the Eastern Province:<\/strong> Eastern Province Governor Prince Saud bin Nayef inaugurated projects with a total investment cost of SAR 14 bn, <a target=\"_blank\" href=\"https:\/\/www.al-jazirah.com\/2023\/20231120\/ln2.htm\" style=\"\" rel=\"noopener\">Al Jazirah<\/a> reported yesterday. The projects include new several malls, tourist resorts, cultural centers, and a hospital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Walaa Cooperative Ins. gets okay to up capital by SAR 425 mn<\/strong><strong>: <\/strong>The Saudi Arabian Monetary Authority (SAMA) has approved <a target=\"_blank\" href=\"https:\/\/www.walaa.com\/\" style=\"\" rel=\"noopener\">Walaa Cooperative Ins. Company<\/a> \u2019s SAR 425 mn capital increase, Walaa said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mtkehphw\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company will offer additional shares to existing shareholders and said it will provide more information on the increase soon. Walaa is raising funds to support its growth plans, it has <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mtcj2fpr\" style=\"\" rel=\"noopener\">previously said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INFRASTRUCTURE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul-listed Keir International has landed a SAR 247 contract from the state-owned <\/strong><strong>National Grid Company<\/strong>to \u201cconnect Al-Nazim bulk supply point with the 132 KV network in Riyadh,\u201d it said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/29awrbmk\" style=\"\" rel=\"noopener\">a regulatory filing<\/a> yesterday. The project will take 20 months to deliver.<\/p>\n\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\/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\/capital-market-authority\/\">Capital Market Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/emkan-arabia\/\">Emkan Arabia<\/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\/national-grid-company\/\">National Grid Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-industrial-development-logistics-program\/\">National Industrial Development Logistics Program<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/safqa-financial\/\">Safqa Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/suliman-al-mazroua\/\">Suliman Al Mazroua<\/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=\"82298\" 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=\"82298\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/2023\/11\/22\/an-explosion-of-ipo-news-out-of-the-uae\/\">\r\n                            An explosion of IPO news out of the UAE                        <\/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\/2023\/11\/22\/an-explosion-of-ipo-news-out-of-the-uae\/\" 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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Much. News. <\/strong>From M&A to IPO, it\u2019s been a busy 24 hours in across the Mideast: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- IPO WATCH- <\/strong><strong>Healthcare giant PureHealth to list on the ADX in December:<\/strong> PureHealth, a unit of Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/www.ihcuae.com\/\" style=\"\" rel=\"noopener\">IHC<\/a>, is set to go public on the Abu Dhabi Securities Exchange (ADX) in December, the company said in a statement. The transaction is still pending regulatory approvals and there are no reports as to the potential size and valuation of the stake on offer. <strong>It\u2019s unclear who has been retained to quarterback the transaction<\/strong>, but Royal Group\u2019s Chimera was said to have been leading a previous exploration of an offer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been in the pipeline for a while now: <\/strong>IHC has explored an IPO for PureHealth in both <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-06\/abu-dhabi-s-ihc-unit-raises-13-1-billion-from-direct-listing\" style=\"\" rel=\"noopener\">2021<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/uaes-deal-hungry-ihc-plans-health-it-business-ipos-2022-11-24\/\" style=\"\" rel=\"noopener\">2022<\/a>. The company is majority owned by IHC and wealth fund ADQ, both of which are chaired by UAE national security advisor Sheikh Tahnon bin Zayed Al Nahyan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- IPO WATCH- State-owned Dubai Taxi Corporation\u2019s offering of <\/strong>offering up 25% of the company on the DFM was oversubscribed within the first hour of opening yesterday, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/dubai-government-seeks-up-to-315-million-from-taxi-business-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The offering could fetch as much as AED 1.2 bn (SAR 1.23 bn). Its bankers, including Citi, Emirates NBD, and Merrill Lynch, are expected to price the IPO a by Thursday, 30 November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- IPO WATCH- Crypto miner Phoenix Group\u2019s IPO on the Abu Dhabi Exchange was 33x <\/strong><strong>oversubscribed<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.coindesk.com\/business\/2023\/11\/21\/crypto-miner-phoenix-group-says-uae-initial-share-sale-was-33-times-oversubscribed\/\" style=\"\" rel=\"noopener\">Coinbase<\/a> reports. Phoenix shareholders are looking to sell c. 18% of the company in a USD 368 mn transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- M&A WATCH- <\/strong><strong>OSN+ and Anghami will merge, creating the Mideast\u2019s largest <\/strong><strong>streaming service <\/strong>in a bid to fend off global competitors including Netflix, Disney+, Apple Music, and Spotify. OSN Group will inject some USD 50 mn into Eddy Maroun\u2019s Anghami, becoming majority shareholder as it pays USD 3.65 per share, or about 3.9x the stock\u2019s average price for the past month, the two <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/osn-and-anghami-sign-landmark-transaction-set-to-transform-mena-entertainment-o7kmettn\" style=\"\" rel=\"noopener\">said in a statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The combined entity will have more than 120 mn registered users<\/strong>, with 2.5 mn of them being paid subscribers, and revenues of USD 100 mn, according to a joint statement. <\/p>\n<p><a target=\"_blank\" id=\"t.d3dd1c5333fe4895b4f7a1de2efd4b8f3d1aeb93\" 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<tbody>\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\">9,541.76<\/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: +6.6%)<\/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>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\">3,985.04<\/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: +19.5%)<\/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>Nasdaq Dubai UAE20<\/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\">3,786.74<\/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\">-0.8% (YTD: 5.6%)<\/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 : AED CBUAE<\/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\">Buy 3.67<\/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\">Sell 3.67<\/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>EIBOR<\/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\">5.11% o\/n<\/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\">5.55% 1 yr<\/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>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\">11,129.10<\/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\">+0.1% (YTD: +0.1%)<\/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>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\">12,345<\/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\">+10% (YTD: 122%)<\/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\">4,538.19<\/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: +18.2%)<\/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>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\">7,481.99<\/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: +0.4%)<\/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\">4,331.90<\/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\">-0.2% (YTD: +14.2%)<\/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>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 77.63<\/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\">-0.18%<\/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>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 2.85<\/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>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 2,018.30<\/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>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 36,786.20<\/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\">-1.7% (YTD: +123.4%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\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 rose 0.09% yesterday<\/strong> on turnover of SAR 5.54 bn (x.xx% above the 90-day average). The index is up 6.21% 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>EIC (+8.7%), Al Saif Gallery (+5.4%) and Al Omran (+4.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>MIS (-3%), FIPCO (-2.9%) and SIPCHEM (-2.6%). <\/p>\n\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\/anghami\/\">Anghami<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dubai-taxi-corporation\/\">Dubai Taxi Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/osn\/\">OSN+<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/phoenix-group\/\">Phoenix Group<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/purehealth\/\">PureHealth<\/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=\"82299\" 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=\"82299\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/meet-the-microsoft-tools-it-will-make-you-use-next-year\/\">\r\n                            Meet the Microsoft tools IT will make you use next year                        <\/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\/2023\/11\/22\/meet-the-microsoft-tools-it-will-make-you-use-next-year\/\" 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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Not macOS, Android, iOS or ChromeOS. It\u2019s not Slack or Salesforce or (sadly) Google Workplace. It\u2019s Office. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Microsoft made that clearer than ever at Ignite<\/strong>, last week\u2019s event for the IT professionals who will decide which tools you\u2019re going to be using in the months and years to come. <strong>Here are the highlights you need to know about:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Microsoft has officially launched <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.microsoft.com\/en-us\/microsoft-loop\" style=\"\" rel=\"noopener\">Loop<\/a><\/strong><strong>, its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.notion.so\/\" style=\"\" rel=\"noopener\">Notion<\/a><\/strong><strong> clone. <\/strong>It\u2019s just about as ugly as Notion, if <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/15\/23959801\/microsoft-loop-launch-notion-competitor\" style=\"\" rel=\"noopener\">less feature-filled<\/a> \u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026before you dismiss it: Loop is a message from the future. <\/strong>You can designate specific components (think: a table of financial indicators, a paragraph of boilerplate, or a to-do list with people @mentioned in them) and pull them into Teams or other Office apps. If you update the component in Loop, it automatically updates wherever else you\u2019ve used it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yes, the numbers will update themselves \u2014 everywhere, automatically. <\/strong>Imagine that at scale in a PowerPoint as the tech behind it (branded fluid) rolls out. Now imagine how many 100s of hours your team is going to save updating an IPO \/ M&A \/ board \/ investor presentation as the numbers keep changing and changing and changing\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Teams will redecorate your background. <\/strong>Didn\u2019t need that, but thanks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Teams will turn you into a legless, Meta-style 3D VR avatar <\/strong>using <a target=\"_blank\" href=\"https:\/\/www.microsoft.com\/en-us\/mesh\" style=\"\" rel=\"noopener\">Microsoft Mesh<\/a>, a \u201csolution that enables your distributed workforce to connect like never before in a 3D immersive space, helping virtual meetings and events feel more like face-to-face connections.\u201d <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=_0InCXA13L8\" style=\"\" rel=\"noopener\">Take an antinauseant, then watch, runtime: 1:01<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Microsoft is rolling its inchoate, half-baked planning tools into what looks set to be a <\/strong><strong>single, smart, streamlined app <\/strong>sometime early in 2024. Microsoft Planner will <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/15\/23962052\/microsoft-planner-task-management-announcement-date-ignite\" style=\"\" rel=\"noopener\">absorb To-Do, Planner, and Project for the Web<\/a> \u2014 and will include a Copilot AI integration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Bing Chat has been <\/strong><strong><a target=\"_blank\" href=\"https:\/\/arstechnica.com\/information-technology\/2023\/11\/bing-chat-is-now-microsoft-copilot-in-potentially-confusing-rebranding-move\/\" style=\"\" rel=\"noopener\">renamed<\/a><\/strong><strong> Copilot <\/strong>\u2014 and it\u2019s going to permeate everything from PowerPoint to Teams, Microsoft and Outlook. <strong>Copilot Studio <\/strong>is its version of the AI app store that OpenAI rolled out before Sam Altman got thrown under a bus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wait, wait: Where\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/support.microsoft.com\/en-us\/copilot\" style=\"\" rel=\"noopener\">Microsoft 365 Copilot<\/a><\/strong><strong>? <\/strong>The full integration of AI into Microsoft\u2019s tools was announced months ago and is now rolling out to 600 big business customers around the world who (a) managed to get approved and (b) can shell out USD 30 \/ user \/ month for a minimum of 600 seats.<\/p>\n\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\/microsoft\/\">Microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/office-life\/\">office life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/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=\"82301\" 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\/2023\/11\/22\/82301\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82301\" class=\"content-area-description single-story post-82301 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;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 November (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/taifcci\/status\/1725865499395821653\/photo\/1\" style=\"\">The Global Entrepreneurship Week<\/a><\/span><span style=\"font-weight:400;\">, Taif Chamber, Al Taif.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-23 November (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.monshaat.gov.sa\/form\/Transportations_Logistics_Week\" style=\"\">Transport and Logistics Week<\/a><\/span><span>, Riyadh, Khobar, Jeddah, and Medinah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/arabal-2023-conference-to-be-held-in-the-kingdom-of-saudi-arabia-xwmxj8fj\" style=\"\">ARABAL 2023 Conference, Hilton Riyadh Hotel & Residences<\/a><\/span><span style=\"font-weight:400;\">, Hilton Riyadh Hotel & Residences, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 November (Thursday-Saturday); <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saifexpo.com\/\" style=\"\">Saudi International Football (SAIF): Expo<\/a><\/span><span style=\"font-weight:400;\">, Jeddah Center For Forums & Events, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rpm.energia-me.com\/\" style=\"\">Reliability & Maintainability Conference & Exhibition 2023<\/a><\/span><span style=\"font-weight:400;\">, Grand Hyatt Hotel, Al Khobar.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/nct-events.com\/event\/nct-middle-east\" style=\"\">NCT Middle East<\/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>27-29 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudihoreca.com\/\" style=\"\">Saudi HORECA<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention & Exhibition Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November (Thursday): Start 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, King Abdullah Financial District, 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;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fiabci.org\/fr\/news-room\/view\/389\" style=\"\">FIABCI Global Leadership Summit<\/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>5 December (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/taxcom.me\/\" style=\"\">Taxcom Middle East<\/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>5-6 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/education-investment-saudi.com\/\" style=\"\">Education Investment 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>6-7 December (Wednesday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/middle-east.collectionsummit.com\/\" style=\"\">Collection and Recovery Middle East Summit<\/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>16 December (Saturday): 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 \u201cThe Bright Side of the Desert Moon, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-sg.com\/\" style=\"\">Smart Grid Conference<\/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>19-20 December (Tuesday- Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiairportexhibition.com\/\" style=\"\">Saudi Airport Exhibition<\/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;\">19-21 December (Tuesday-Thursday): International Digital Signage Expo 2023, 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;\">2024<\/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;\">JANUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-11 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\">Future Minerals Forum<\/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>14-17 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiprojectshow.com\/\" style=\"\">The International Exhibition for construction and building materials (Saudi Projects)<\/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>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>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>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 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\/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 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: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\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>Almujtama starts trading today | Sabit, Total eye USD 1 bn sale in US | Hilton\u2019s big dreams | Citi management shakeup means little in KSA<\/p>\n","protected":false},"featured_media":82276,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-82275","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"96a9c7c5-a331-44b8-8dd5-2a6bedb48275","teaser":"Almujtama starts trading today | Sabit, Total eye USD 1 bn sale in US | Hilton\u2019s big dreams | Citi management shakeup means little in KSA","photo_url":"https:\/\/ent.news\/2024\/1\/2262.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MBC to go public on Tadawul in blockbuster IPO - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/mbc-to-go-public-on-tadawul-in-blockbuster-ipo\/\" \/>\n<meta property=\"og:locale\" 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