{"id":83191,"date":"2024-02-07T00:00:00","date_gmt":"2024-02-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=83191"},"modified":"2025-12-14T17:19:53","modified_gmt":"2025-12-14T17:19:53","slug":"rafa-djokovic-medvedev-among-tennis-greats-to-clash-in-riyadh-this-october","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/rafa-djokovic-medvedev-among-tennis-greats-to-clash-in-riyadh-this-october\/","title":{"rendered":"Rafa, Djokovic, Medvedev among tennis greats to clash in Riyadh this October"},"content":{"rendered":"<section id=\"83193\" 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=\"83193\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/\">\r\n                            THIS MORNING: No Palestinian state? No normalization with Israel, Foreign Ministry says                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/\">\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=No Palestinian state? No normalization with Israel, Foreign Ministry says&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/&title=No Palestinian state? 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href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/572.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83194\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/no-palestinian-state-no-normalization-with-israel-foreign-ministry-says\/572-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/572.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"572.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/572.jpg?fit=300%2C300&amp;ssl=1\" 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2024-02-07-03:48:07:446t<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>It\u2019s a brisk news day thanks to the World Defense Show, the PIF\u2019s high-profile private-sector forum, and the award of SAR bns worth of construction contracts in Jeddah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have a treat for tennis fans <\/strong>that already has a couple of us circling the calendar for this year\u2019s Riyadh season.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>BUT FIRST- There will be no normalization with Israel unless there is an independent <\/strong><strong>Palestinian state<\/strong>, Saudi negotiators have told their American counterparts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among the keys:<\/strong> Israeli recognition of an independent Palestinian nation based on \u201cthe 1967 borders with East Jerusalem as its capital,\u201d and an end to Israel\u2019s war in Gaza, the Foreign Ministry <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2455436\/saudi-arabia\" style=\"\" rel=\"noopener\">said in a statement<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US Secretary of State Antony Blinken told reporters <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.state.gov\/secretary-antony-j-blinken-and-qatari-prime-minister-and-minister-of-foreign-affairs-mohammed-bin-abdulrahman-al-thani-at-a-joint-press-availability-2\/\" style=\"\" rel=\"noopener\">yesterday<\/a><\/strong><strong> that Crown Prince <\/strong><strong>Mohammed bin Salman \u201creiterated Saudi Arabia's strong interest\u201d in normalizing ties<\/strong> with Israel provided those two conditions are met. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Blinken was speaking during a joint press conference with Qatari Prime Minister Sheikh <\/strong><strong>Mohammed bin Abdulrahman Al Thani. <\/strong>The two also said they had received a \u201cpositive\u201d response from Hamas on an agreement that would see a long pause in fighting and the release of Palestinians held by Israel in return for Hamas releasing Israeli hostages. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- Neom has opened an office in New York, its first direct entry to the US market<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/neom-opens-new-york-office\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The office will serve as a base for its business across the US \u201cto explore new partnerships and sources of investment,\u201d it added. This is Neom\u2019s second overseas outpost. It opened an office in London <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/neom-london-office-opening\" style=\"\" rel=\"noopener\">in November<\/a> as a base from which to explore business in the UK and Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Investment Ministry has inked an MoU with the Swiss government<\/strong> to boost investment and entrepreneurship, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042459\" style=\"\" rel=\"noopener\">SPA<\/a> reports. SPA also said that a number of private-sector actors inked cooperation agreements in tech and real estate, but did not offer additional details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ministry will be collaborating <\/strong><strong>with a Swiss fund to launch new EUR multi-bn <\/strong><strong>green-financing initiatives<\/strong>, the National <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/640209\/SAUDI-ARABIA\/Saudi-Arabia-Swiss-Fund-to-launch-billion-euro-zero-emissions-investment-initiative\" style=\"\" rel=\"noopener\">Gazette reports<\/a>. The two sides have also discussed cooperation on sectors of mutual interest including insurance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>In numbers: The Kingdom is planning international tenders worth USD 1.8 tn in sectors <\/strong><strong>including airports, manufacturing, and green energy<\/strong>, Investment Minister Khalid Al Falih said at the gathering. The occasion of the news was a Swiss-Saudi roundtable in Riyadh that was also attended by Industry and Mineral Resources Minister Bandar Alkhorayef and Swiss Federal Councillor Bernard Parmelin.<\/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>WEATHER- <\/strong><strong>Expect a pleasant, sunny day in Riyadh <\/strong>with some hazy sun in Makkah and Jeddah. <\/p>\n<ul>\n<li><strong>Riyadh<\/strong><strong>:<\/strong> 22\u00b0C daytime \/ 8\u00b0C overnight<\/li>\n<li><strong>Makkah<\/strong><strong>:<\/strong> 30\u00b0C daytime \/ 18\u00b0C overnight<\/li>\n<li><strong>Jeddah<\/strong><strong>:<\/strong> 29\u00b0C daytime \/ 23\u00b0C overnight<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- New day, new tourism target: <\/strong>The Tourism Ministry has more than doubled its tourism targets for 2030, hoping now to lure 150 mn tourist trips after it hit last year an earlier target of 100 mn ahead of plan, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042383\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>The Tourism Ministry counts both domestic and foreign tourists in that count. The breakdown:<\/p>\n<ul>\n<li><strong>In 2023: <\/strong>77 mn trips taken last year by domestic travelers, and 27mn by foreign tourists.<\/li>\n<li><strong>The new 2030 target: <\/strong>80 mn by domestic travelers, and 70 mn by international travelers. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tourism MInister Ahmed Al Khateeb unveiled the new target at the PIF Private-Sector <\/strong><strong>Forum <\/strong>in Riyadh yesterday. He also said the ministry <a target=\"_blank\" href=\"https:\/\/twitter.com\/Saudi_MT\/status\/1754840487331082434\" style=\"\" rel=\"noopener\">wants to see<\/a> the opening of 250k more hotel rooms to accommodate for the influx of tourists by 2030. Saudi had 280k room keys at the end of 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dammam\u2019s <\/strong><strong>King Abdulaziz Port hit its highest monthly handling last month to <\/strong><strong>c.215.2k TEUs<\/strong>, the Saudi Ports Authority (Mawani) said in a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=050224&language=en#:~:text=King%20Abdul%20Aziz%20Port%20in,January%202024%2C%20handling%20215%2C179%20TEUs.\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. It beat its previous monthly handling record of 211.2k TEUs in July. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a particularly slow Wednesday for news globally<\/strong>, whether you\u2019re looking at the business pages or the front pages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WORTH READING on a slow news morning:<\/strong><\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/entrepreneurship\/how-indias-education-tech-giant-got-schooled-and-lost-20-billion-in-value-0be13f1a\" style=\"\" rel=\"noopener\">How India\u2019s education tech giant got schooled and lost USD 20 bn in value<\/a><\/strong>, wherein the Wall Street Journal writes that \u201cglobal investors are getting a timely reminder of what can happen when they rush into what looks like the next big thing without doing their homework.\u201d<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/banking\/jpmorgan-chase-bank-branches-expansion-cc7973dc\" style=\"\" rel=\"noopener\">Banking has gone digital, but JPMorgan is building more and more<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/banking\/jpmorgan-chase-bank-branches-expansion-cc7973dc\" style=\"\" rel=\"noopener\">brick-and-mortar branches<\/a><\/strong>even as rivals shut down a growing number of physical locations every month. America\u2019s largest bank is \u201cdoubling down\u201d on the strategy as \u201cevery metric\u201d tells it that the decision is paying off. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Aramco has opted not to change prices for sales to Asia<\/strong>, leaving prices at a two-year low to its Asian importers for March 2024, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-keeps-arab-light-crude-price-asia-unchanged-2024-02-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing a company statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>Chinese refiners have reportedly trimmed their oil orders from Aramco on what they see as high prices in January and February. Aramco is looking to secure its share of the market amid competition from rival suppliers, pundits told the business newswire<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR <strong>CALENDAR<\/strong>-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Hail Toyota International Rally which kicks off tomorrow <\/strong>and wraps up on Saturday, 10 February. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Filipino exporters are coming to town: <\/strong>A business-matching tour will kick off on Saturday, 10 February, where a group of Filipino exporters of food, beverage and personal care products will tour Riyadh, Jeddah, and Dammam to market their businesses, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2449066\/world\" style=\"\" rel=\"noopener\">Arab News<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.scmf.events\/\" style=\"\" rel=\"noopener\">Saudi Capital Market Forum<\/a><\/strong><strong> will open on Monday, 19 February<\/strong> and wrap up on Tuesday. Held under the theme \u201cPowering Growth,\u201d the event will bring together members of the global financial landscape for discussions on the capital markets and investment strategies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/biennale.org.sa\/contemporary-art-biennale-2024\/\" style=\"\" rel=\"noopener\">Diriyah Contemporary Art Biennale<\/a><\/strong><strong> will kick off in Diriyah on Tuesday, 20 <\/strong><strong>February <\/strong>and wrap up on Friday, 24 May. Headlined After Rain, it will be led by German curator Ute Meta Bauer and features 92 artists from 43 countries. It will see several new commissions, including a joint project documenting \u201cSaudi futurism\u201d since the 1940s by local artist Ahmed Mater and Berlin-based photographer Armin Linke. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ahmed-al-khateeb\/\">Ahmed Al Khateeb<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/commerce-ministry\/\">Commerce Ministry<\/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\/king-abdulaziz-port\/\">King Abdulaziz Port<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-global-ports\/\">Saudi Global Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-ports-authority\/\">Saudi Ports Authority<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tourism-ministry\/\">Tourism Ministry<\/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=\"83195\" 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=\"83195\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-private-sector-forum-kicks-off-on-a-high-note\/\">\r\n                            PIF Private Sector Forum kicks off on a high note                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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           <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-private-sector-forum-kicks-off-on-a-high-note\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/530.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83196\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-private-sector-forum-kicks-off-on-a-high-note\/530-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/530.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"530.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/530.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/530.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83195\" class=\"content-area-description single-story post-83195 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-aic tag-aseer-investment-company tag-bandar-al-khorayef tag-davos tag-enterpriseam-ksa tag-investment-watch tag-london-metal-exchange tag-pif tag-private-investment-forum tag-yasser-al-rumayyan 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\/2\/.a89f8432-0a92-41fa-9015-5ea4e3968dad.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Public Investment Fund\u2019s high-profile forum for the private sector got underway yesterday. <\/strong>Here\u2019s what you need to know:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The Public Investment Fund (PIF)<\/strong><strong> and its vehicles attracted more than SAR 96 bn in <\/strong><strong>investments <\/strong><strong>from the private sector<\/strong> through the third quarter of 2023, <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/4837751-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AF%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%8A%D9%88%D9%81%D8%B1-%D9%81%D8%B1%D8%B5%D8%A7%D9%8B-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-%D8%A8%D9%80256-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reports, citing remarks by fund governor Yasir Al Rumayyan during the PIF Private Sector Forum yesterday. The PIF\u2019s role helped bring the private sector\u2019s contribution to 65% of GDP, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private-sector investment has focused largely on 13 strategic sectors since the <\/strong><strong>beginning of <\/strong><strong>2021<\/strong>, he said, without specifying the sectors. \u201cThe private sector played an important role as an investor in the fund\u2019s projects and its portfolio companies. The fund\u2019s initiatives and programs launched by the PIF in last year\u2019s edition contributed to strengthening the partnership with the private sector,\u201d Al Rumayyan said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Say hello to Aseer Investment Co.: <\/strong>PIF announced that its new unit Aseer Investment Company (AIC) has launched and will aim to transform Asir into a tourist destination, according to a <a target=\"_blank\" href=\"https:\/\/aseerinvestment.com\/media\" style=\"\" rel=\"noopener\">statement<\/a>. \u201cToday, with the commencement of our operations, we pledge to work tirelessly with our partners to make Asir the number one tourist destination in the Kingdom,\u201d AIC Chairman Prince Turki bin Talal said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s already breaking ground:<\/strong> AIC signed a MoU with Syahya for a hospitality project in Aseer, and another with NMR Group for a \u201cco-investment partnership.\u201d AIC has also inked a long-term lease agreement with Aseer municipality. AIC said that details of the agreements would be made public in due course. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AIC plans to invest across 12 sectors<\/strong>, including hospitality, entertainment, education, F&B, technology and retail. The company will work with both Saudi and foreign investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Pushing ahead the domestic auto industry: <\/strong>The Kingdom <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2455086\/business-economy\" style=\"\" rel=\"noopener\">launched<\/a> its first National Academy for Vehicles and Cars and a new Automotive Manufacturers Association, Industry and Mineral Resources Minister Bandar Alkhorayef said. Electric vehicles will feature prominently in the academy\u2019s priorities, he said. Graduates of the program will be qualified to work at PIF-backed EV maker Lucid and the Kingdom\u2019s first EV brand Ceer, Alkhorayef added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exports, exports, exports: <\/strong>The Kingdom is <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/economy\/2024\/02\/06\/%D8%A7%D9%84%D8%AE%D8%B1%D9%8A%D9%81-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D9%85%D8%B9-London-Metal-Exchange-%D9%84%D8%A7%D9%82%D8%A7%D9%85%D8%A9-%D9%85%D8%B1%D8%A7%D9%83%D8%B2-%D8%AA%D8%B3%D9%84%D9%8A%D9%85-%D9%84%D9%87%D8%A7-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">working on building capacities<\/a> to become a key exporter, he said. The domestic market will remain relatively small when compared with global markets, Alkhorayef said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- And a little bit of mining:<\/strong> The Industry Ministry signed an agreement with the global industrial metals pricing center London Metals Exchange to set up metal warehouses in the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The forum <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/pages\/events.aspx\" style=\"\" rel=\"noopener\">continues today<\/a><\/strong> at King Abdulaziz International Conference Center. We\u2019ll have a wrap-up report for you tomorrow. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aic\/\">AIC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aseer-investment-company\/\">Aseer Investment Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bandar-al-khorayef\/\">Bandar Al Khorayef<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/davos\/\">Davos<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/london-metal-exchange\/\">London Metal Exchange<\/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\/private-investment-forum\/\">Private Investment Forum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/yasser-al-rumayyan\/\">Yasser al Rumayyan<\/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=\"83197\" 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=\"83197\">\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\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/\">\r\n                            Tadawul, Nomu closed 4Q 2023 with 14 IPOs, out the 19 regional offerings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/\">\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=Tadawul, Nomu closed 4Q 2023 with 14 IPOs&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/&title=Tadawul, Nomu closed 4Q 2023 with 14 IPOs\">\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=Tadawul%2C+Nomu+closed+4Q+2023+with+14+IPOs+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Ftadawul-nomu-closed-4q-2023-with-14-ipos%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/513.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83198\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/tadawul-nomu-closed-4q-2023-with-14-ipos\/513-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/513.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"513.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/513.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/513.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83197\" class=\"content-area-description single-story post-83197 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-ades-holding tag-almujtama-alraida-medical tag-avalon-pharma tag-enterpriseam-ksa tag-ipo-watch tag-kinan-real-estate tag-lulu-group tag-mbc tag-nomu tag-sal-saudi-logistics-services-company 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\/2\/.85465daa-8fe8-4403-9f2f-2b2d9bcb5575.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Initial <\/strong><strong>public offerings on the Tadawul\u2019s main market raised USD 2 bn in 4Q 2023<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/337.pdf\" style=\"\" rel=\"noopener\">Ernst & Young\u2019s MENA IPO Eye: Q4 2023 report (pdf)<\/a>. A total of 14 IPOs split between the main and parallel markets accounted for 41% of the USD 4.9 bn in total IPO proceeds raised in the MENA region in 4Q. MENA had 19 IPOs in 4Q of last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown of 4Q listings:<\/strong> Egypt-born oil and gas drilling company <strong>Ades Holding<\/strong> raised USD 1.2 bn on the main market, followed by <strong>SAL Saudi Logistics Services <\/strong>with USD 700 mn on the main market, while the <strong>remaining 12 listings<\/strong> raised USD 140 mn on the parallel market Nomu. Separately, <strong>Almujtama Alraida Medical<\/strong> went public on Nomu through a direct listing, meaning it did not raise fresh capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sectors driving the charge in 4Q: Energy <\/strong>companies accounted for 36% of all listings in the Kingdom, followed by <strong>transportation <\/strong>(29%) and <strong>healthcare <\/strong>at 10%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A LOOK AHEAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The domestic IPO market is still going strong in 1Q 2024<\/strong> with regional broadcaster MBC debuting on Tadawul last month in a USD 222 IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Offerings set to wrap up this quarter: <\/strong><strong>Avalon Pharma<\/strong> has wrapped up institutional and retail subscriptions and is expected to allocate the offer shares to investors on <a target=\"_blank\" href=\"https:\/\/ipo.avalonpharmaceutical.com\/\" style=\"\" rel=\"noopener\">Thursday, 8 February<\/a>. Avalon is expected to reign the bell this quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LuLu + Aramco in the pipeline for this year?<\/strong> LuLu Group International <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eaeb2656-fa3e-4e48-8d21-772adfd9470f\" style=\"\" rel=\"noopener\">is shopping around for<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eaeb2656-fa3e-4e48-8d21-772adfd9470f\" style=\"\" rel=\"noopener\">bankers<\/a> for a potential USD 1 bn dual-listing on Tadawul and Abu Dhabi\u2019s ADX in 2H 2024. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/81c6ecf1-ebc3-4486-be2c-6eb62e899662\" style=\"\" rel=\"noopener\">Aramco<\/a> also could pull the trigger on what would again be one of the world\u2019s largest-ever share sales as the oil giant looks to revive plans to sell shares in a USD 10 bn secondary offering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And on Nomu: <\/strong><strong><a target=\"_blank\" href=\"https:\/\/kinan.com.sa\/\" style=\"\" rel=\"noopener\">Kinan Real Estate<\/a><\/strong><strong> is set to take to market 3.6 mn shares<\/strong> \u2014 good for a 3% stake in the company \u2014 with qualified investors expected to place their orders from 25 February to 29 February, <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/544.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a>. This is going to be a secondary sale on Nomu, where the proceeds will be distributed amongst the selling shareholders. Substantial shareholders will have to abide by a 12-months lock-up period from the start of trading where they can\u2019t make any transaction on their shares during that period. The company has hired <strong>Saudi Fransi Capital <\/strong>as the lead manager and the financial advisor on the transaction, while <strong>STAT<\/strong> is the legal advisor and <strong>EY<\/strong> is acting as auditor. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ades-holding\/\">Ades Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/avalon-pharma\/\">Avalon Pharma<\/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\/kinan-real-estate\/\">Kinan Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/lulu-group\/\">Lulu Group<\/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\/nomu\/\">Nomu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sal-saudi-logistics-services-company\/\">SAL Saudi Logistics Services Company<\/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=\"83199\" 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=\"83199\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\">\r\n                            Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\" target=\"_blank\">\n                    Open in new tab                    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   <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+Electricity+books+orders+worth+USD+11+bn+for+its+FCY+sukuk+issuance+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Fsaudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83200\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/2232-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2232.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83199\" class=\"content-area-description single-story post-83199 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-bonds tag-debt tag-debt-watch tag-enterpriseam-ksa tag-saudi-electricity 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\/2\/.db3d28e1-7633-4d48-a9e9-670e0f62829a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi Electricity has trimmed the <\/strong><strong>yield <\/strong><strong>for its <\/strong><strong>FCY sukuk issuance <\/strong>after receiving over USD 11 bn in orders, signaling strong investor demand, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/fixed-income\/saudi-electricity-tightens-price-guidance-for-its-two-part-sukuk-ifr-w3fxofy5\" style=\"\" rel=\"noopener\">Zawya<\/a> reports citing news service IFR.The company has yet to say when the roadshow for the sale will end.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/10d789ab-a5e7-4c44-a248-63d666a5b011\" style=\"\" rel=\"noopener\">sale<\/a> is part of a USD-denominated green and \/ or conventional <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=3f2d88b5e9&e=8e5fca127e\" style=\"\" rel=\"noopener\">sukuk<\/a><a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=3f2d88b5e9&e=8e5fca127e\" style=\"\" rel=\"noopener\">program<\/a> kicked off in <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=b9a327cad5&e=8e5fca127e\" style=\"\" rel=\"noopener\">March of 2023<\/a> and is open to qualified international and local investors. The program has <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=146646970e&e=8e5fca127e\" style=\"\" rel=\"noopener\">raised USD<\/a><a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=c2e7f76919&e=8e5fca127e\" style=\"\" rel=\"noopener\">2<\/a><a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=ba671f8e61&e=8e5fca127e\" style=\"\" rel=\"noopener\">bn<\/a> so far.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A multi-tranche sale: <\/strong>The company has lowered the yield for its 5-year sukuk to 100 bps over counterpart US Treasuries, down from 130 bps, while lowering the yield for the 10-year tranche to 115 bps over the benchmark US treasuries, down from 145 bps. <strong>Information about how much bonds the company plans to allocate to investors and the timeline wasn\u2019t publicly available.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The potential proceeds will both finance capex spending and, possibly, green projects,<\/strong>the company\u2019s website says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>The company has appointed Standard Chartered Bank, HSBC Bank, SMBC Nikko Capital Markets, MUFG EMEA, Mizuho International, JP Morgan Securities, Al Rajhi Capital, First Abu Dhabi Bank, Mashreq Bank, Dubai Islamic Bank, KFH Capital Investment and Bank of China as joint managers for the potential offering.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-electricity\/\">Saudi Electricity<\/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=\"83201\" 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=\"83201\">\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\">DEFENSE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/\">\r\n                            The Defense Ministry is getting missile interceptors from S.Korea under a USD 3.2 bn agreement                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/\">\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=More from the World Defense Show&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/&title=More from the World Defense Show\">\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=More+from+the+World+Defense+Show+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Fmore-from-the-world-defense-show%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/520.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83202\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/more-from-the-world-defense-show\/520-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/520.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"520.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/520.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/520.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83201\" class=\"content-area-description single-story post-83201 post type-post status-publish format-standard has-post-thumbnail hentry category-defense tag-dapa tag-defense tag-defense-acquisition-program tag-enterpriseam-ksa tag-khalid-bin-salman tag-lig-nex1 tag-missiles tag-saf tag-sami tag-sami-land-systems-industrial-complex tag-saudi-arabian-military-industries-company tag-saudi-defense-ministry tag-slic tag-south-korea tag-stc tag-world-defense-show 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\/2\/.47748f63-706d-43cc-8851-924885773739.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tuesday was another big day for the domestic defense industry <\/strong>as the World Defense show continued. The gathering will wrap tomorrow (Thursday, 8 February). Among yesterday\u2019s highlights:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The<\/strong><strong> Defense Ministry struck a USD 3.2 bn contract with South Korean missile maker <\/strong><strong>LIG Nex1<\/strong> for the purchase of mid-range-surface-air-to-missiles (M-SAM II), <a target=\"_blank\" href=\"https:\/\/en.yna.co.kr\/view\/AEN20240206011352315\" style=\"\" rel=\"noopener\">Yonhap News Agency<\/a> reported yesterday, citing a statement from Korea\u2019s Defense Ministry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>Seoul\u2019s Defense Ministry said a MoU was signed between the two parties in November. It did not provide details on when the so-called hit-to-kill missile system would be exported to the Kingdom. The missile system is <a target=\"_blank\" href=\"https:\/\/www.lignex1.com\/web\/eng\/product\/product.do?category=01&part=01&model=02\" style=\"\" rel=\"noopener\">said to provide<\/a> surface-to-air defense capability at an altitude of about 40 kilometers from artillery and aircraft threats, according to LIG Nex1.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- South Korea's Defense Acquisition Program Administration (DAPA) inked an MoU <\/strong><strong>with<\/strong><strong> the Saudi Defense Ministry<\/strong> on joint weapons development, the South Korean news agency added. As part of the agreement, a bilateral committee will be established to research and develop weapons systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Saudi Arabian Military Industries (Sami) signaled even more ambitious plans to grow <\/strong><strong>the nation\u2019s domestic defense systems industry<\/strong>, signing agreements with local firms, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2041948\" style=\"\" rel=\"noopener\">SPA<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At the top of the list: An <\/strong>MoU with a unit of <strong>Al Zamil Industrial Holding<\/strong> set up an industrial complex at Al Kharj near capital Riyadh. The complex \u2014 the first of its kind in the Kingdom \u2014 will manufacture armed vehicles and land combat systems. It will serve as a main hub for the design and manufacture of 4x4, 6x6, and 8x8 armored vehicles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sami is the Public Investment Fund\u2019s <\/strong>national defense and security champion. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>South African outfit looks to produce drones here:<\/strong> South African defense firm Milkor has obtained a manufacturing permit from the Kingdom to manufacture and assemble its in-development 380 combat drone as talks continue on a purchase order, the company\u2019s Business Development Manager Harry Cassidy told <a target=\"_blank\" href=\"https:\/\/breakingdefense.com\/2024\/02\/south-africas-milkor-ready-to-locally-produce-380-ucav-for-saudi-arabia-pending-procurement-talks\/\" style=\"\" rel=\"noopener\">Breaking Defense<\/a>. \u201cWe are in talks on procurement with high-level Saudi Arabian officials,\u201d Cassidy said. \u201cWe have a local office [in Riyadh], which could support full assembly and production\u201d if an agreement is reached on an order, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Kingdom has a target of localizing over 50% of its military equipment spending by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the sidelines of WDS:<\/strong><\/p>\n<ul>\n<li><strong>Defense Minister Prince Khalid bin Salman <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042129\" style=\"\" rel=\"noopener\">discussed with<\/a><\/strong><strong> his Italian counterpart <\/strong><strong>Guido Crosetto boosting cooperation in military industries<\/strong> between the two countries;<\/li>\n<\/ul>\n<ul>\n<li><strong>National Guard Minister Prince Abdullah bin Abdelaziz <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042585\" style=\"\" rel=\"noopener\">discussed potential<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042585\" style=\"\" rel=\"noopener\">partnerships<\/a><\/strong><strong>in military industries <\/strong>with South Korean National Defense Minister Shin Won-sik. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dapa\/\">DAPA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/defense\/\">Defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/defense-acquisition-program\/\">Defense acquisition program<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/khalid-bin-salman\/\">Khalid bin Salman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/lig-nex1\/\">LIG Nex1<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/missiles\/\">Missiles<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saf\/\">SAF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sami\/\">SAMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sami-land-systems-industrial-complex\/\">SAMI land systems industrial complex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-arabian-military-industries-company\/\">Saudi Arabian Military Industries Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-defense-ministry\/\">Saudi Defense Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/slic\/\">SLIC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/south-korea\/\">South Korea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/stc\/\">STC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/world-defense-show\/\">World Defense Show<\/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=\"83203\" 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=\"83203\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/jeddah-hands-out-sar-12-bn-worth-of-contracts-for-getting-a-new-stadium-an-opera-house-and-an-oceanarium\/\">\r\n                            Jeddah is getting a new stadium + an opera house + an oceanarium                        <\/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 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data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/jeddah-hands-out-sar-12-bn-worth-of-contracts-for-getting-a-new-stadium-an-opera-house-and-an-oceanarium\/525-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/525.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"525.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/525.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/525.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83203\" class=\"content-area-description single-story post-83203 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-china-harbor-engineering-arabia tag-china-railway-construction tag-enterpriseam-ksa tag-infrastructure tag-jeddah-central-development-company tag-modern-building-leaders-company 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\/2\/.dc5aaa8d-67a3-486c-ae14-d04301d8974a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_StoryDWSek_! Four contracts worth a combined SAR 12 bn<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Jeddah Central Development Company (JCDC) has awarded contracts worth a <\/strong>combined <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/jeddahcentral_aecaezaeraevabraewaebaefabraeuaexaevabraesaesaesaefaewaeyaez-activity-7160274640425107456-oUDL?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">SAR 12 bn<\/a> to four local and foreign contractors for construction projects in Jeddah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Football stadium + an opera house + an oceanarium:<\/strong> A consortium of <a target=\"_blank\" href=\"http:\/\/www.saudi-cocc.net\/en\/home\/146.html\" style=\"\" rel=\"noopener\">China Railway<\/a><a target=\"_blank\" href=\"http:\/\/www.saudi-cocc.net\/en\/home\/146.html\" style=\"\" rel=\"noopener\">Construction<\/a> and <a target=\"_blank\" href=\"https:\/\/www.sama-ksa.co\/\" style=\"\" rel=\"noopener\">Sama Construction<\/a> has secured <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/jeddahcentral_aewaeuaevaevabraewaebaefabraeuaexaev-aecaezaeraevabraewaebaefabraeuaexaevabraesaesaesaefaewaeyaez-activity-7160281781848424449-QoAn\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">a contract<\/a> to build a 45k-seat football stadium. <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/mbl-ksa\/\" style=\"\" rel=\"noopener\">Modern Building Leaders<\/a> has landed two contracts to build a three-hall <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/jeddahcentral_aewaeuaevaevabraewaebaefabraeuaexaev-aecaezaeraevabraewaebaefabraeuaexaevabraesaesaesaefaewaeyaez-activity-7160284745866588160-ge5-\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">opera house<\/a> and an <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/jeddahcentral_aewaeuaevaevabraewaebaefabraeuaexaev-aecaezaeraevabraewaebaefabraeuaexaevabraesaesaesaefaewaeyaez-activity-7160288322500603905-dKCm\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">oceanarium<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreements also include some <\/strong><strong>infrastructure<\/strong><strong> and utilities work for the Jeddah <\/strong><strong>central destination <\/strong>project under <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/jeddahcentral_aewaeuaevaevabraewaebaefabraeuaexaev-aecaezaeraevabraewaebaefabraeuaexaevabraesaesaesaefaewaeyaez-activity-7160277660974166018-k4pB?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">a contract<\/a> with <a target=\"_blank\" href=\"http:\/\/www.saudi-cocc.net\/en\/home\/167.html\" style=\"\" rel=\"noopener\">China Harbor Engineering Arabia<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/china-harbor-engineering-arabia\/\">China Harbor Engineering Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/china-railway-construction\/\">China Railway Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jeddah-central-development-company\/\">Jeddah Central Development Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/modern-building-leaders-company\/\">Modern Building Leaders Company<\/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=\"83205\" 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=\"83205\">\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\">LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/aramco-and-dhl-form-supply-chain-jv\/\">\r\n                            Aramco and DHL form supply chain JV                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/aramco-and-dhl-form-supply-chain-jv\/\" 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 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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/426.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/426.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83205\" class=\"content-area-description single-story post-83205 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics tag-aramco tag-dhl tag-enterpriseam-ksa tag-logistics tag-supply-chains 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\/2\/.62949211-b49f-4e41-99f8-16e19dc57652.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aramco + DHL <\/strong><strong>team up on new supply chain JV:<\/strong> Oil giant Aramco has formed a joint venture with <a target=\"_blank\" href=\"https:\/\/www.dhl.com\/us-en\/home\/supply-chain.html\" style=\"\" rel=\"noopener\">DHL Supply Chain<\/a>, dubbed Advanced Supply Management Operations (ASMO), according to a <a target=\"_blank\" href=\"https:\/\/group.dhl.com\/en\/media-relations\/press-releases\/2024\/dhl-supply-chain-and-aramco-launch-asmo.html\" style=\"\" rel=\"noopener\">press release<\/a>. The statement didn\u2019t say how much the new venture will invest or outline a timeline for its plans. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The JV:<\/strong> ASMO is slated to be the first regional hub for end-to-end supply chain services for the energy, chemical, and industrial sectors, and looks to drive efficiencies, savings, and economies of scale in the procurement, storage, and transportation of goods and services within the Kingdom and the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DHL is making moves in the region: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/443c62f9-b8a6-46a4-af41-6a9d48b5e51d\" style=\"\" rel=\"noopener\">Last week<\/a> saw <a target=\"_blank\" href=\"https:\/\/www.dhl.com\/global-en\/home\/our-divisions\/global-forwarding.html\" style=\"\" rel=\"noopener\">DHL Global Forwarding<\/a>, the specialized freight arm of DHL Group, complete its full acquisition of shares in Dubai-based freight forwarder <a target=\"_blank\" href=\"https:\/\/www.altayer.com\/ventures\/danzas\" style=\"\" rel=\"noopener\">Danzas<\/a>. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/bd0fd76e-5c15-46d3-8d41-10090ff51906\" style=\"\" rel=\"noopener\">January 2024<\/a> also saw DHL launch its first Boeing 767-300 freighter trip to Qatar\u2019s Hamad International Airport.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dhl\/\">DHL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/supply-chains\/\">supply chains<\/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=\"83207\" 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=\"83207\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/\">\r\n                            Rafael Nadal and Novak Djokovic are among the tennis greats due to compete in the Six Kings slam in Riyadh this October                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/\">\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=Rafa, Djokovic to hit the courts in Riyadh this October&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/&title=Rafa, Djokovic to hit the courts in Riyadh this October\">\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=Rafa%2C+Djokovic+to+hit+the+courts+in+Riyadh+this+October+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Frafa-djokovic-to-hit-the-courts-in-riyadh-this-october%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/569.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83208\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/rafa-djokovic-to-hit-the-courts-in-riyadh-this-october\/569-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/569.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"569.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/569.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/569.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83207\" class=\"content-area-description single-story post-83207 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-enterpriseam-ksa tag-exhibition tag-grand-slam tag-six-kings-slam tag-sports tag-tennis 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\/2\/.c73772ab-b098-468b-afce-0485ca670e43.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Six of the world\u2019s top-ranked men\u2019s tennis players will be in town for the 2024 Riyadh <\/strong><strong>Season to compete in the first-ever \u201cSix Kings Slam,\u201d <\/strong>the General Entertainment Authority <a target=\"_blank\" href=\"https:\/\/twitter.com\/Turki_alalshikh\/status\/1754597656335135096?s=20\" style=\"\" rel=\"noopener\">said yesterday<\/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> Rafael Nadal, Novak Djokovic, Carlos Alcaraz, Jannik Sinner, Daniil Medvedev and Holger Rune will all be here for the tourney. All athletes have won Grand Slam titles except for Rune, who said he hopes \u201cto win a Grand Slam\u201d this year <a target=\"_blank\" href=\"https:\/\/ausopen.com\/articles\/news\/holger-rune-i-feel-im-ready\" style=\"\" rel=\"noopener\">when asked<\/a> about his goals for the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re all waiting to hear Vamos Rafa from the stands for the first time:<\/strong> Nadal, who was named an ambassador for the Saudi Tennis Federation (STF) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0be5241c-1471-44d6-aa35-1a69d1506c2d\" style=\"\" rel=\"noopener\">last month<\/a>, said he was \u201cvery excited to play for the first time in Riyadh,\u201d according to the statement. Djokovic said he was excited to return to the Kingdom after participating in the Riyadh Season Tennis Cup in December. World number 2 Alcaraz won the 2023 cup, beating Djokovic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The exhibition will likely follow a \u201ctwo days on, one day off\u201d pattern to save participating <\/strong><strong>stars from being penalized by the ATP Tour<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/tennis\/2024\/02\/06\/saudi-atp-rules-6-kings-slam-novak-djokovic-rafael-nadal\/\" style=\"\" rel=\"noopener\">The Telegraph<\/a>. This would see the event split up so games are not played for more than two days at a time, allowing players to dodge new rules that would see them being stripped off their \u201cplatinum status\u201d if they take part in unofficial events that run for \u201cthree or more consecutive days.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And that\u2019s not all on the Kingdom\u2019s tennis spree:<\/strong> Jeddah <a target=\"_blank\" href=\"https:\/\/www.atptour.com\/en\/news\/next-gen-atp-finals-2023-jeddah-announcement\" style=\"\" rel=\"noopener\">will host<\/a> the Next Gen ATP Finals, from 2023-2027, the ATP announced last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Officials are also trying to land the hosting rights for the 2024 Women\u2019s Tennis <\/strong><strong>Association finals. <\/strong>Retired tennis icons Chris Evert and Martina Navratilova <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/opinions\/2024\/01\/24\/evert-navratilova-wta-saudi-arabia\/\" style=\"\" rel=\"noopener\">are pushing back against the bid<\/a>, drawing a smart reply from Princess Reema bint Bandar Al Saud, the Kingdom\u2019s ambassador to Washington. Princess Reema said Evert and Navratilova\u2019s opposition was \u201cbased on arguments that are outdated stereotypes and western-centric views of our culture.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/exhibition\/\">Exhibition<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/grand-slam\/\">Grand Slam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/six-kings-slam\/\">Six Kings Slam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tennis\/\">tennis<\/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=\"83209\" 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=\"83209\">\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\">CABINET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/busy-day-at-the-cabinet\/\">\r\n                            Cabinet approves Kingdom joining IAEA\u2019s agreement on privileges and immunities                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/busy-day-at-the-cabinet\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/busy-day-at-the-cabinet\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/busy-day-at-the-cabinet\/\">\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=Busy day at the Cabinet&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/busy-day-at-the-cabinet\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/busy-day-at-the-cabinet\/&title=Busy day at the Cabinet\">\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=Busy+day+at+the+Cabinet+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Fbusy-day-at-the-cabinet%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/busy-day-at-the-cabinet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83209\" class=\"content-area-description single-story post-83209 post type-post status-publish format-standard hentry category-cabinet-watch tag-atomic-energy tag-cabinet-watch tag-enterpriseam-ksa tag-foreign-investments tag-iaea tag-mining 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\/2\/.e9f32478-4e61-4285-b8a2-30839ef11afe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cabinet approved yesterday the Kingdom joining an agreement on privileges and <\/strong><strong>immunities of the International Atomic Energy Agency (IAEA)<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042822\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. No further details were provided, but the ministers mandated the Foreign Minister to complete necessary procedures to join the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been expecting this: <\/strong>An IAEA mission visiting the Kingdom for the first time in November said it showed \u201ccommitment to safety for all applications and occurrences of radiation sources in the country.\u201d The visit came a few years after the Kingdom unrolled in 2018 its atomic energy program for peaceful uses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also approved at the ministers meeting: <\/strong><\/p>\n<ul>\n<li>Mandating the Industry and Mineral Resources Minister to discuss and sign a MoU with Algeria on industrial cooperation;<\/li>\n<li>Mandating the Industry Minister to discuss and sign a MoU with the UK for biological, cellular and genetic medicines cooperation; <\/li>\n<li>Mandating the Industry Minister to discuss and sign a MoU with Turkey for mining cooperation <\/li>\n<li>Mandating the Investment Minister to discuss and sign a MoU with Trinidad and Tobago to promote direct investment.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/atomic-energy\/\">atomic energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cabinet-watch\/\">CABINET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/foreign-investments\/\">foreign investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/iaea\/\">IAEA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83210\" 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=\"83210\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/its-earnings-season-alinma-bank-and-arab-national-bank\/\">\r\n                            It\u2019s earnings season: Alinma Bank and Arab National Bank                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/its-earnings-season-alinma-bank-and-arab-national-bank\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/its-earnings-season-alinma-bank-and-arab-national-bank\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/its-earnings-season-alinma-bank-and-arab-national-bank\/\">\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=It\u2019s earnings season: Alinma Bank and Arab National Bank&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/its-earnings-season-alinma-bank-and-arab-national-bank\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/its-earnings-season-alinma-bank-and-arab-national-bank\/&title=It\u2019s earnings season: Alinma Bank and Arab National Bank\">\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 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data-attachment-id=\"83211\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/its-earnings-season-alinma-bank-and-arab-national-bank\/563-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/563.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"563.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/563.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/563.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83210\" class=\"content-area-description single-story post-83210 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-alinma-bank tag-anb tag-arab-national-bank tag-earnings-watch tag-enterpriseam-ksa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.49f7818a-84c7-4257-9955-8f9c7765bad7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> ALINMA BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alinma Bank\u2019s bottomline rose 34.5% y-o-y in FY 2023 to SAR 4.8 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZDLDoJADEW_xQVbWlQQ3WFEjI-IEiPOxgw6jiQwQ3CU-PeOusL46q7tubc3BQIxEEEvKacqlYJmut8QZ2t7DjZHLs6DYdPHxbDbXwz8wMJJG9Z1AKPQ1kA4a01xiQE6QP7R44fy8LeefEWCzivwJuID-JJhDIRnMnn-wxNJy-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!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. Its total financing and investment income jumped 74% y-o-y to SAR 13.2 bn in the same period on the back of higher investments and financing volume and a rise in income rates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dive deep: <\/strong>The bank\u2019s assets rose 18.1% y-o-y last year to SAR 236.7 bn, while investments were up 12.3% y-o-y to SAR 43.2 bn. Client deposits were up 29.4% y-o-y to SAR 187.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ARAB NATIONAL BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arab National Bank (ANB)\u2019s net income rose 32.6% y-o-y in FY 2023 to SAR 4.1 <\/strong><strong>bn <\/strong><strong>in FY 2023<\/strong> on the back of an increase in commission income and other operating income, <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZHRboIwFIafZRdeLj2AlLo7QKwQKSIwoDemTuNIoJiFaXz7dZqYDIexd02-v-f_ehBHBeJSHKu96KpWilrdS47Xpo1BnxOIYJ66gCGhOEuJNvUNlPeAZGlCPFuGxgJWQAEj_kweBo4Nz-VvAAkphpjZcaRbJtD3J_L8L0JnuqcMJk489agG1OoD_yhegEcOD1vouA9E9sRSIwKH-gvbIPiuw71mgPi-bjfXlX123eFtBCPoxFacvuuRqvDRNgchz8m52bQK0oDAECqkdEWnmGHA36LCIpo-RslOolItwRr0izHKj9XuhDLZfjWqYfKrYzMWZcz1Qo-la5aFjrdC5fVJ3m9bXtqm6g8eTjk0WVZA5VfLJieduRmXwZG9xi8_gYC6Rw!!\/dz\/d5\/L0lJS2FZQSEhL3dMTUFBc1FBa2pNQy80TmxHb3hBIS9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy83ODExNg!!\/\" style=\"\" rel=\"noopener\">according to a disclosure to Tadawul<\/a>. Net income from financing and investments rose c. 27% y-o-y to c. SAR 7.1 bn in the same period due to a rise in net loans, advances portfolio, and an increase in interest rates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ANB\u2019s assets rose c. 3.8% y-o-y last year to c. SAR 220.7 bn<\/strong>, while their investments were up c. 13.8% to SAR 46.7 bn. Client deposits grew 7.1% y-o-y in the same period to SAR 165.9 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/alinma-bank\/\">Alinma Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/anb\/\">ANB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/arab-national-bank\/\">Arab National Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83212\" 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=\"83212\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/\">\r\n                            PIF-owned Alat appoints CEO + Halwani Bros gets new MD                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/\">\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=PIF-owned Alat appoints CEO + Halwani Bros gets new MD&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/&title=PIF-owned Alat appoints CEO + Halwani Bros gets new MD\">\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=PIF-owned+Alat+appoints+CEO+%2B+Halwani+Bros+gets+new+MD+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Fpif-owned-alat-appoints-ceo-halwani-bros-gets-new-md%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/565.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83213\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/pif-owned-alat-appoints-ceo-halwani-bros-gets-new-md\/565-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/565.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"565.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/565.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/565.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83212\" class=\"content-area-description single-story post-83212 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-alat tag-amit-medha tag-amr-farghal tag-dell-technologies tag-enterpriseam-ksa tag-halawani-bros tag-moves tag-pif tag-sakhr-jamjoom 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\/2\/.43d3fe9f-a567-4eb8-822d-e03363d04696.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- PIF\u2019s recently-launched manufacturing subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3e33ce53-fca5-4781-b9f6-80f2e858e758\" style=\"\" rel=\"noopener\">Alat<\/a><\/strong>named <strong>Amit Midha<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/amitmidha\/details\/experience\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as its new <strong>CEO<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042498\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. Midha helped drive growth in businesses in China, US, India and Singapore. His most recent stunt was at <a target=\"_blank\" href=\"https:\/\/www.dell.com\/en-sa\/lp\" style=\"\" rel=\"noopener\">Dell Technologies<\/a> where he was the President of the Asia Pacific and Japan region for the PC group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Halwani Bros<\/strong> has appointed <strong>Sakhr Jamjoom<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sakhr-jamjoom-9bb7041\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new <strong>managing director<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMzAwFA_ODVPvyA3NMIgMyA3XNdREQDltA6x\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODExOS9jb21wYW55U3ltYm9sLzYwMDEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. Jamjoom, who sits on the company\u2019s board of directors, takes over from Amr Farghal, who resigned earlier. Jamjoom will hold the position from 15 April until the end of the current board\u2019s term in November.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/alat\/\">Alat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/amit-medha\/\">Amit Medha<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/amr-farghal\/\">Amr Farghal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dell-technologies\/\">Dell Technologies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/halawani-bros\/\">Halawani Bros<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sakhr-jamjoom\/\">Sakhr Jamjoom<\/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=\"83214\" 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=\"83214\">\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\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/an-easy-ace\/\">\r\n                            A Grand Slam Kings showdown in Riyadh is everywhere                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/an-easy-ace\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/an-easy-ace\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/an-easy-ace\/\">\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=An easy ace\u2026&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/an-easy-ace\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/an-easy-ace\/&title=An easy ace\u2026\">\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=An+easy+ace%E2%80%A6+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Fan-easy-ace%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/an-easy-ace\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83214\" class=\"content-area-description single-story post-83214 post type-post status-publish format-standard hentry category-saudi-in-the-news tag-atp tag-blinken tag-enterpriseam-ksa tag-israel-hamas tag-saudi-in-the-news tag-six-kings-slam tag-tennis 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\/2\/.f92d95b8-24bc-4dd1-b795-b83afe310502.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh\u2019s hosting of the Six Kings Slam exhibition in October is driving the conversation <\/strong><strong>on Saudi Arabia in the foreign press this morning<\/strong>,with the story getting coverage everywhere: <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/tennis\/djokovic-nadal-headline-six-kings-slam-saudi-arabia-2024-02-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.barrons.com\/news\/djokovic-nadal-to-play-kings-slam-in-saudi-arabia-d6e6edf5?refsec=topics_afp-news\" style=\"\" rel=\"noopener\">AFP<\/a> | <a target=\"_blank\" href=\"https:\/\/english.ahram.org.eg\/NewsContent\/6\/56\/517221\/Sports\/Omni-sports\/Tennis-Nadal,-Djokovic,-Sinner-and-others-set-for-.aspx\" style=\"\" rel=\"noopener\">The Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/tennis\/2024\/02\/06\/saudi-atp-rules-6-kings-slam-novak-djokovic-rafael-nadal\/\" style=\"\" rel=\"noopener\">The Telegraph<\/a> | <a target=\"_blank\" href=\"https:\/\/theathletic.com\/5253258\/2024\/02\/05\/saudi-arabia-tennis-djokovic-nadal-alcaraz\/\" style=\"\" rel=\"noopener\">The Athletic<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, US Secretary of State Antony Blinken\u2019s brief Riyadh touchdown continued to <\/strong><strong>get coverage<\/strong>, with the <a target=\"_blank\" href=\"https:\/\/www.brisbanetimes.com.au\/world\/middle-east\/blinken-pushing-hostage-deal-in-riyadh-hamas-returns-to-north-gaza-streets-20240206-p5f2mh.html\" style=\"\" rel=\"noopener\">Associated Press<\/a> taking note of the top US diplomat\u2019s plan to press with a ceasefire and post-war planning for the war-torn Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In Washington: <\/strong>US senators claim that top execs from McKinsey, BCG, and Teneo are not fully cooperating with their investigation into the potential merger of the PGA Tour with the Public Investment Fund\u2019s LIV Golf, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-07\/senators-accuse-mckinsey-bcg-of-hindering-pga-liv-probe\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. \u201cMcKinsey and BCG told US lawmakers on Tuesday that their employees in Saudi Arabia could face jail if the firms handed over details of their work for the country\u2019s sovereign wealth fund without approval from the kingdom,\u201d the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7009a1a9-8e07-4113-a47d-ee4724d3d427\" style=\"\" rel=\"noopener\">Financial Times<\/a> adds.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/atp\/\">ATP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/blinken\/\">Blinken<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/israel-hamas\/\">Israel-Hamas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-in-the-news\/\">SAUDI IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/six-kings-slam\/\">Six Kings Slam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tennis\/\">tennis<\/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=\"83215\" 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=\"83215\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/\">\r\n                            Neom food company Topian signs agreements to develop local fish farming. PLUS: Healthcare, tech, manufacturing                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/\">\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=Neom food company Topian signs agreements to develop local fish farming. PLUS: Healthcare, tech, manufacturing&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/&title=Neom food company Topian signs agreements to develop local fish farming. PLUS: Healthcare, tech, manufacturing\">\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=Neom+food+company+Topian+signs+agreements+to+develop+local+fish+farming.+PLUS%3A+Healthcare%2C+tech%2C+manufacturing+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F07%2Fneom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/552.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83216\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/neom-food-company-topian-signs-agreements-to-develop-local-fish-farming-plus-healthcare-tech-manufacturing\/552-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/552.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"552.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/552.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/552.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83215\" class=\"content-area-description single-story post-83215 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-al-moammar-information-systems tag-also-on-our-radar tag-arabian-drilling tag-aramco tag-bank-albilad tag-capital-market-authority tag-clean-life tag-enterpriseam-ksa tag-greenstone tag-healthcare tag-neom tag-saudi-electricity-company tag-saudi-steel-pipe tag-topian 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\/2\/.fafd5149-5a5e-42a1-8d0c-0400c2911448.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NEOM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Topian<\/strong><strong> inks three agreements:<\/strong> Neom food company Topian has landed a contract with the <a target=\"_blank\" href=\"https:\/\/www.naqua.com.sa\/en\/home\" style=\"\" rel=\"noopener\">National Aquaculture Group (NAQUA)<\/a> to develop the local fish farming sector and commercialize NAQUA\u2019s seafood products, <a target=\"_blank\" href=\"https:\/\/www.saudigazette.com.sa\/article\/640192\/SAUDI-ARABIA\/Topian-joins-forces-with-leading-players-to-transform-Saudi-Arabias-aquaculture-landscape\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reports. Topian also signed an agreement with the <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/nfdp\/\" style=\"\" rel=\"noopener\">National Livestock and Fisheries Development Program (NLFDP)<\/a> to establish a national seafood market, in addition to a separate MoU with Abu-Dhabi based <a target=\"_blank\" href=\"https:\/\/pure-salmon.com\/\" style=\"\" rel=\"noopener\">Pure Salmon<\/a> for the development of a salmon production facility in Neom. There wasn\u2019t publicly available information about the size and the timeline of the projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/en.fakeeh.care\/\" style=\"\" rel=\"noopener\">Dr. Soliman Fakeeh Hospital<\/a><\/strong><strong> opened its doors in Riyadh on Monday, <\/strong>according to state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2042037\" style=\"\" rel=\"noopener\">SPA<\/a>. The hospital will include 200 beds, 50 clinics, 10 operating rooms, 10 intensive care units, and six neonatal intensive care units.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sa.canadian-mc.com\/\" style=\"\" rel=\"noopener\">Canadian Medical<\/a><\/strong><strong> inked a SAR 5.4 mn contract with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arabdrill.com\/\" style=\"\" rel=\"noopener\">Arabian Drilling<\/a><\/strong>to provide the drilling company with medical services, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdrT86raSbomhJqLtJdYKE1zXw1b471vqJNjX3AaeF94ZRFGJaMduTc1kIzrWqn1PrYOJLTDWDsQxdm1Ig9AjmwjP_XSBijEggeEr4Hrpyic6EBvRv_KQJaYCyXYewQ4IWL_l4c1g-J6nYzJxwRhMVHyCDx1CROtWVK9_XqTslxpoINmJ3a-tpjoeBe9ZN2QDr4RCrqk7KDt3qOd5XkKT8GKGH6IEu5Y!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODEyMC9jb21wYW55U3ltYm9sLzk1MTgvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The contract runs for two years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SERVICES-<\/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:\/\/cleanlife.sa\/?page_id=740&lang=en\" style=\"\" rel=\"noopener\">Clean Life<\/a><\/strong><strong> has purchased a plot of land for SAR 4.5 mn, which it plans to use for building <\/strong><strong>staff accommodation<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdrT86raSbomhJqLtJdYKE1zXw1b471vqJNjX3AaeF94ZRFGJaMduTc1kIzrWqn1PrYOJLTDWDsQxdm1Ig9AjmwjP_XSBijEggeEr4Hrpyic6EBvRv_KQJaYCyXYewQ4IWL_l4c1g-J6nYzJxwRhMVHyCDx1CROtWVK9_XqTslxpoINmJ3a-tpjoeBe9ZN2QDr4RCrunoKDt3qOd5XkKT8GKGH5KB-7A!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODEyMS9jb21wYW55U3ltYm9sLzk1ODEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Moammar Information Systems (MIS) will equip and set up a new data center for Bank <\/strong><strong>Albilad under a five-year <\/strong><strong>SAR<\/strong><strong> 125.4 mn contract<\/strong>, the company said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNzIwEA_ODVPvyA3NMIgMyA3XNdREQAW90gL\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODExMS9jb21wYW55U3ltYm9sLzcyMDAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a>. The contract will see MIS equip the new center with \u201cservers, switches, storage capacities, archiving, backup, [and] network security,\u201d in addition to migrating data from an older data center.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi Steel Pipe Co. will supply Aramco with steel pipes for its oil and gas activities <\/strong><strong>after signing a one-year contract for SAR 139 mn<\/strong>, according to a <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/ycx8rxhp\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Greenhouse Saudi Arabia can now manage investment and operate funds<\/strong>, after receiving a license from the Capital Market Authority, the authority said in <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/NEWS\/Pages\/CMA_N_3475.aspx\" style=\"\" rel=\"noopener\">a statement<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-moammar-information-systems\/\">Al Moammar Information Systems<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/arabian-drilling\/\">Arabian Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/bank-albilad\/\">Bank Albilad<\/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\/clean-life\/\">Clean Life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/greenstone\/\">Greenstone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-electricity-company\/\">Saudi Electricity Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-steel-pipe\/\">Saudi Steel Pipe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/topian\/\">Topian<\/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=\"83217\" 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=\"83217\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/chinese-stocks-rally-after-hitting-five-year-lows\/\">\r\n                            Chinese stocks rally after hitting five-year lows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/chinese-stocks-rally-after-hitting-five-year-lows\/\" 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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data-image-title=\"507.JPG\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/507.JPG?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/507.JPG?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83217\" class=\"content-area-description single-story post-83217 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-china tag-enterpriseam-ksa tag-financial-markets tag-planet-finance tag-samsung 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\/2\/.dd4e0fd2-5ef8-48f9-937b-98dc70c5b86a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chinese stocks rally on hopes of regulatory changes:<\/strong> After a turbulent few months that pushed China\u2019s main indices to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/china-stocks-rebound-sharply-renewed-talk-official-support-2024-02-06\/\" style=\"\" rel=\"noopener\">five-year lows<\/a>, the country\u2019s benchmark CSI 300 had its best day since late 2022, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-06\/xi-set-to-discuss-china-stock-market-with-financial-regulators?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The rally was fueled by hopes that authorities could introduce more significant support measures that would help the country\u2019s slumping market following reports that Chinese regulators would brief Chinese President Xi Jinping on the market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Chinese and Hong Kong stocks have shed USD 6 tn in value since their peak in February 2021 amid the country\u2019s economic slowdown, spiraling property crisis, and cooler relations with the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING NOW- Asian benchmarks are largely in the green this morning <\/strong>as investors welcome broadly positive earnings as results season grinds on. Futures suggest we can expect more of the same when European and North American markets open later today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- OQ preps to IPO two units: <\/strong>Omani state energy firm OQ wants to list its explorationand production and its methanol and liquefied petroleum gas units, having already invited banks to apply for roles within the IPOs. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-05\/oman-state-energy-firm-asks-banks-to-pitch-for-ipos-of-two-units?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Samsung boss acquitted of financial crimes: <\/strong>Chairman of the South Korean electronics giant, Jay Y Lee, was found not guilty of allegations of fraud and stock manipulation related to a 2015 merger by a Korean court. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/samsung-chief-lee-cleared-charges-2015-merger-case-2024-02-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p><a target=\"_blank\" id=\"t.1bbfbcc36c2f65e1772320288ca76a571560f27e\" 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-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\">12,071.41<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +0.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,561.13<\/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\">-0.01% (YTD: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>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\">27,270.63<\/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\">-1.4% (YTD: +9.6%)<\/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>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\">9,332.07<\/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% (YTD:- 2.6%)<\/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\">4,153.74<\/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\">-1.8% (YTD: +2.3%)<\/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>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\">4,954.23<\/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: +3.9%)<\/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>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\">7,681.01<\/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\">+0.9% (YTD: -0.7%)<\/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>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\">4,690.87<\/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: 3.8%)<\/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>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\">78.59  <\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">2.00<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/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>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\">2,051.80<\/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\">+0.02%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">43,152.40<\/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: +84.9%)<\/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 0.4% yesterday<\/strong> on turnover of SAR 9.4 bn. The index is up 0.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Saudi German Health (+9.9%), Alhammadi (+7.9%) and 2P (+7.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Albaha (-6.7%), BSFR (-5.4%) and GIG (-3.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banque Saudi Fransi\u2019s board of directors has proposed a dividend of SAR 1 per share for <\/strong><strong>eligible shareholders<\/strong> for 2H 2023, the bank said in a <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/4dkh686d\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. BSF had distributed SAR 0.95 \/ share for the first half of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arab National Bank\u2019s board of directors agreed to distribute dividends of SAR 0.7 per <\/strong><strong>share to eligible shareholders<\/strong> for 2H 2023, with payments to be made on 25 February, it said in a <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/2edtbfhy\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/samsung\/\">Samsung<\/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","protected":false},"excerpt":{"rendered":"<p>Defense, PIF reports | 41% share of regional IPO market | SAR 12 bn construction contracts in Jeddah | No Palestinian state? No normalization.<\/p>\n","protected":false},"featured_media":83192,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-83191","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c645f526-16c0-4b95-ab90-cedcbc6bb1ef","teaser":"Defense, PIF reports | 41% share of regional IPO market | SAR 12 bn construction contracts in Jeddah | No Palestinian state? 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