{"id":83338,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=83338"},"modified":"2025-12-14T17:22:08","modified_gmt":"2025-12-14T17:22:08","slug":"red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/","title":{"rendered":"Red Sea Global lines up SAR 2 bn for new luxury hotel"},"content":{"rendered":"<section id=\"83340\" 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=\"83340\">\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\/12\/new-real-estate-regulator-could-be-in-the-works-as-riyadh-looks-to-pre-empt-housing-crunch-ahead-of-vision-2030-goal\/\">\r\n                            THIS MORNING: New real estate regulator could be in the works as Riyadh looks to pre-empt housing crunch ahead of Vision 2030 goal                        <\/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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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/951.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83341\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/new-real-estate-regulator-could-be-in-the-works-as-riyadh-looks-to-pre-empt-housing-crunch-ahead-of-vision-2030-goal\/951-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/951.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"951.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/951.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/951.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83340\" class=\"content-area-description single-story post-83340 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-acwa-power tag-commerce-ministry tag-enterpriseam-ksa tag-general-authority-for-statistics tag-logistics tag-real-estate tag-red-sea tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.a5e5daf0-fe26-4dcf-8b21-9fd6eefd5fc5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This morning\u2019s issue should be a brisk read. <\/strong>Mondays are slower news days, and today is no exception. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>UP FIRST- We have a long weekend coming up \u2014 have you made plans yet? <\/strong>Markets will be closed on Thursday, 22 February, in observance of Founding Day, Tadawul said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/vVPLdqJAEP0VZ-ESuwB5Zdd5DDEHxxCfsPG0UCIZ6CbYyszfp9UsNMfEZJNe1a2-1bdeTWIyIzFn2zxjMhecFQpHsT23qA3GvQsDfxToEE6cwJ2EIx16XTIhMYkTLiu5IpFkKWs2xRx5G9ZMe4N7u6rzBNeMpzlPUVl7J8fmYJSs_ovyABN5BLWWroNhgNFtLcWGp_u8Win7v5MtRMIKJBHyHaqSPFV2F1OLoalZludpXWdhasxjnuYx01i4aDq6YZHpaVVu37ch_EPDgeFY4E-AxJ8X_S4eho8WhL8f-2YAT-CD_bV4-ODQi_pDVXGk3nA-JFElss2xIWMu6lINcvjNFin29KY_D8d3T0rpqNP3QB4u5ae2Jn9-eYmpWg3BJf6TZPaTuzHdpX-c4oB6jprQw7XfC6jp2s57wpkVOCWcmfGe8MkQVZuyQiwOv4jyhelmJK5xiTXWnU2t3Cspq_VVG9rQNE0nEyIrsJOIsg3nQlZirfp4yiRVWbpmqY3H6mKE0fw2WA57z1axDeivV1YIppw!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">a statement<\/a>. Traders will be back at their desks on Sunday, 25 February. Look for banks to close next Thursday, too, while EnterpriseAM Saudi also takes a day off to bask in the glory of a three-day weekend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We hope all of you are looking forward to the break <\/strong>as much as we are. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/globalsmartcityforum.sa\/en\/Pages\/About.aspx\" style=\"\" rel=\"noopener\">The Global Smart Cities Forum<\/a><\/strong><strong> kicks off today in Riyadh and wraps up on <\/strong><strong>Tuesday. <\/strong>The forum, organized by the Saudi Data and Artificial Intelligence Authority (SDAIA), features over 80 speakers from 40 nations worldwide for talks on strategies for fostering sustainable urban development.<\/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.iptcnet.org\/\" style=\"\" rel=\"noopener\">International Petroleum Technology Conference (IPTC)<\/a><\/strong><strong> opens today in Dhahran <\/strong>and wraps up on Wednesday. It brings together the energy industry for discussions on advanced technologies in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Further afield: <\/strong>It\u2019s day one of the three-day <strong><a target=\"_blank\" href=\"https:\/\/www.worldgovernmentsummit.org\/\" style=\"\" rel=\"noopener\">World Government Summit<\/a><\/strong> in Dubai. Panels today include forums on the future of work and of mobility. You can find the full agenda <a target=\"_blank\" href=\"https:\/\/www.worldgovernmentsummit.org\/events\/2024\/agenda\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Expect a breezy morning in Riyadh<\/strong>, with scattered clouds and sunshine throughout the day. Some hazy sun is in the cards for both Makkah and Madinah.<\/p>\n<ul>\n<li><strong>Riyadh<\/strong><strong>:<\/strong> 24\u00b0C daytime \/ 12\u00b0C overnight<\/li>\n<li><strong>Makkah:<\/strong> 33\u00b0C daytime \/ 20\u00b0C overnight<\/li>\n<li><strong>Madinah<\/strong><strong>:<\/strong>26\u00b0C daytime \/ 13\u00b0C overnight<\/li>\n<\/ul>\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-<\/strong><strong>The Kingdom could soon be getting a General Authority for Real Estate Development<\/strong> as policymakers look to better regulate the industry, improve transparency, and streamline procedures for investors and builders, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2044841\" 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>Why it matters: <\/strong>Riyadh\u2019s population is expected to double by 2030, suggesting the capital city could be short as many as 2 mn homes. <\/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\"><a id=\"wwtt3\"><\/a> <strong>#2- REGULATION WATCH- <\/strong><strong>The government is reportedly holding public consultations <\/strong><strong>with private-sector retail players<\/strong> to address their concerns about compliance standards and the size of fines imposed for non-compliance, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/02\/11\/article_2698946.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> reports, citing an unnamed source who it says has knowledge of the proceedings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in consumer \/ retail news: The Commerce Ministry has given retailers and online <\/strong><strong>stores the green light to start reducing prices for Ramadan and Eid Al Fitr<\/strong> starting 20 February through 14 April, it <a target=\"_blank\" href=\"https:\/\/twitter.com\/MCgovSA\/status\/1755573680367681720?s=20\" style=\"\" rel=\"noopener\">said yesterday on X<\/a>. The ministry said the move aims to stimulate early shopping. Applications for discount licenses can be submitted <a target=\"_blank\" href=\"http:\/\/sales.mc.gov.sa\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><a id=\"wwtt4\"><\/a> <strong>#3-<\/strong><strong>Acwa Power begins <\/strong><strong>research on USD 4 bn green hydrogen + ammonia project in <\/strong><strong>Egypt: <\/strong>Renewables giant Acwa Power has begun conducting feasibility studies to develop its large-scale, two-phase <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ef73b6e7-b119-4f74-bbd8-3829e9a814d0\" style=\"\" rel=\"noopener\">green hydrogen and ammonia project<\/a> in Egypt\u2019s Suez Canal Economic Zone, the company\u2019s MD for Saudi Arabia, Raad Al-Saadi, told <a target=\"_blank\" href=\"https:\/\/bit.ly\/48fS7g1\" style=\"\" rel=\"noopener\">Asharq Al-Awsat<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>The potential investment would be part of the company\u2019s plan to become a major exporter of green fuels to the Middle East and Europe, Al-Saadi added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Acwa Power <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ef73b6e7-b119-4f74-bbd8-3829e9a814d0\" style=\"\" rel=\"noopener\">inked in December an agreement<\/a> with the Egyptian government to develop the project, which could cost as much as USD 4 bn in phase one, when it will aim to produce some 600k tons of green ammonia each year. A second phase on the drawing board would boost output by 2 mn tons. <\/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>#4- <\/strong><strong>Alistithmar Capital is preparing to list its Alistithmar AREIC Diversified REIT Fund <\/strong>on Tadawul after receiving clearance from the Capital Market Authority, the CMA said in <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3486.aspx\" style=\"\" rel=\"noopener\">a statement<\/a> yesterday. No further information was provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uh, Enterprise? What\u2019s a REIT?<\/strong> A real estate investment trust is a mutual fund that owns, invests in, or manages income-generating real estate assets \u2014 commercial, residential, office, and other properties. Some will also invest in real-estate-related securities or private equity transactions that are directly related to the industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How do I make money on a REIT?<\/strong> Mechanics vary from REIT to REIT, but unit holders (the REIT version of shareholders) are entitled a share of profits (ie: dividends) and they can also see the value of their investment go up if the assets the REIT buys appreciate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why would I buy a REIT?<\/strong> If you like the underlying portfolio of real assets, it\u2019s an easy way to get exposure to real estate at (a) a lower ticket price than buying the assets yourself and (b) a REIT is usually a heck of a lot more liquid. REIT units are much easier to buy or sell whenever you want than are the real estate assets themselves.<\/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\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1-<\/strong><strong>The Industrial production index dropped 10.5% y-o-y in <\/strong><strong>December 2023<\/strong>from a year earlier, Gastat <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/853.pdf\" style=\"\" rel=\"noopener\">said in a report (pdf)<\/a>, yesterday. It attributed the drop to lower mining, quarrying, and manufacturing activity throughout the year. The slowdown has come since the rate at which the economy is expanding peaked in early 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Freight rates for exporters have risen by 20-50% <\/strong>thanks to attacks on shipping in the Red Sea by Houthi rebels, Gulf Aluminum Council Secretary General Mahmoud Al Dailami told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/02\/10\/article_2698776.html\" style=\"\" rel=\"noopener\">Al Eqtisadiyah<\/a> earlier this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The months-long disruption of shipping in the Red Sea is the \u201cthe biggest diversion of international trade in decades,\u201d according to <a target=\"_blank\" href=\"https:\/\/www.bnnbloomberg.ca\/red-sea-turmoil-sends-economic-shockwaves-far-and-wide-1.2025686\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The Houthis are looking to put pressure on Israel, but their actions have started to have an <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/most-gulf-markets-fall-geopolitical-tensions-caution-before-fed-2024-01-31\/\" style=\"\" rel=\"noopener\">impact on some Gulf markets<\/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\">PUBLIC SERVICE ANNOUNCEMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong> Registration for this year\u2019s hajj season opened for domestic pilgrims yesterday<\/strong>, the Hajj and Umrah Ministry <a target=\"_blank\" href=\"https:\/\/twitter.com\/HajMinistry\/status\/1756620471737442387\" style=\"\" rel=\"noopener\">said yesterday on X<\/a>. Citizens and expats living in the Kingdom can apply through the <a target=\"_blank\" href=\"https:\/\/www.nusuk.sa\/\" style=\"\" rel=\"noopener\">Nusuk<\/a> application or the ministry\u2019s <a target=\"_blank\" href=\"https:\/\/t.co\/sDxzC3bcQl\" style=\"\" rel=\"noopener\">website<\/a>. The cost of the four packages on offer ranges from SAR 4.1k to SAR 13.3k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> Mussaned wants you to report household staff who go walkabout<\/strong>, it said <a target=\"_blank\" href=\"https:\/\/twitter.com\/Musaned_DL\/status\/1756233449684295787\" style=\"\" rel=\"noopener\">in a post on<\/a><a target=\"_blank\" href=\"https:\/\/twitter.com\/Musaned_DL\/status\/1756233449684295787\" style=\"\" rel=\"noopener\">X<\/a>. The details:<\/p>\n<ul>\n<li>File a report via <a target=\"_blank\" href=\"https:\/\/www.absher.sa\/wps\/portal\/individuals\/Home\/homepublic\/!ut\/p\/z1\/hY6xDoIwEIafhYGVu5agxK041BgSI4vYxYApBVMoKRVe3yZOJBhv--__vsuBgBLEUM2dqlxnhkr7fBe7ByeEnSjHnPOC4vXISLxnGUlJArd_gPA1_hiG3hcbCMOsoFmMyC90E1jdOINQ2tTfd9lQx6kCYWUjrbTR2_p169w4HUIMcVmWSBmjtIyepg9xS2nN5KBckzD2Jb4SPecsCD5ltjEP\/dz\/d5\/L0lDUmlTUSEhL3dHa0FKRnNBLzROV3FpQSEhL2Vu\/\" style=\"\" rel=\"noopener\">Absher<\/a> if the workers have a valid residency;<\/li>\n<li>File a report at the General Directorate of Passports if they don\u2019t.<\/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\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The national cricket team were <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/cricketsaudi\/status\/1756620673739276541\" style=\"\" rel=\"noopener\">crowned champions<\/a><\/strong><strong> of the ACC T20 Men\u2019s Challenger <\/strong><strong>Cup in Thailand<\/strong> for the second time after beating Cambodia by five wickets yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Coming up:<\/strong> The national team\u2019s T20i Quad Series 2024 schedule will see it playing against Maldives today at 9:30 am KSA. It will play next against host Thailand tomorrow at 5:30 am KSA and Bhutan on Thursday at 9:30 am KSA.<\/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 all war and technology in the global business press this morning. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>War:<\/strong><\/p>\n<ul>\n<li><strong>Nobody believes Benjamin Netanyahu<\/strong>, who said Israel is <a target=\"_blank\" href=\"https:\/\/abcnews.go.com\/ThisWeek\/video\/netanyahu-detailed-plan-works-evacuating-rafah-107131331\" style=\"\" rel=\"noopener\">\u201cworking out a detailed plan\u201d<\/a> to evacuate civilians from Rafah after Joe Biden warned him that Israeli forces shouldn\u2019t move into the area without a <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/02\/11\/readout-of-president-bidens-call-with-prime-minister-netanyahu-of-israel-11\/\" style=\"\" rel=\"noopener\">\u201ccredible and executable\u201d<\/a> plan to safeguard non-combattants.<\/li>\n<li><strong>Donald Trump is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/11\/world\/europe\/trump-nato-analysis.html\" style=\"\" rel=\"noopener\">freaking out the Europeans<\/a><\/strong> with his suggestion that he\u2019d be happy (if elected) to see Russia do <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/european-officials-criticize-trumps-nato-comments-2024-02-11\/\" style=\"\" rel=\"noopener\">\u201cwhatever the hell they want\u201d<\/a> to Nato allies that don\u2019t meet minimum defense spending targets. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tech:<\/strong><\/p>\n<ul>\n<li><strong>Tech giants have laid off at least 34k people <\/strong>since the start of the year as they get their heads around <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9bace2e9-3ecb-4651-a6c0-b16f0226c0e0\" style=\"\" rel=\"noopener\">what AI means to their businesses and prepare for what\u2019s next<\/a>. And it\u2019s not just Big Tech that\u2019s <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/job-cuts-spill-beyond-tech-sector-2024-02-09\/\" style=\"\" rel=\"noopener\">trimming staff<\/a>.<\/li>\n<li><strong>OpenAI boss Sam Altman is still trying to raise as much as USD 7 tn <\/strong>(yes, tn, not bn) for a new AI chip and power production project, <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/ai\/sam-altman-seeks-trillions-of-dollars-to-reshape-business-of-chips-and-ai-89ab3db0\" style=\"\" rel=\"noopener\">including from Arab investors<\/a>. <\/li>\n<li><strong>Apple\u2019s Vision Pro is still having a moment<\/strong>, with tech pundits variously talking about <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/personal-tech\/apples-new-face-computer-is-for-work-788e2750\" style=\"\" rel=\"noopener\">how it is really for work<\/a>, an <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-02-11\/apple-vision-pro-review-3-499-headset-will-eventually-replace-the-ipad-lshk59z1\" style=\"\" rel=\"noopener\">eventual (not now) iPad replacement<\/a>, and changing social norms about <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/personal-tech\/wearing-the-apple-vision-pro-headset-9a31de69\" style=\"\" rel=\"noopener\">walking around wearing a face computer<\/a>. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The Luddites are <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/crowd-sets-waymo-self-driving-car-ablaze-san-francisco-2024-02-11\/\" style=\"\" rel=\"noopener\">out<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/crowd-sets-waymo-self-driving-car-ablaze-san-francisco-2024-02-11\/\" style=\"\" rel=\"noopener\">in San Francisco<\/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\"> CIRCLE YOUR CALENDAR-<\/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>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/fii-institute.org\/\" style=\"\" rel=\"noopener\">Future Investment Initiative (FII)<\/a><\/strong><strong> will host a two-day priority summit in Miami <\/strong>starting Thursday, 22 February. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The annual tech event <\/strong><strong><a target=\"_blank\" href=\"https:\/\/onegiantleap.com\/\" style=\"\" rel=\"noopener\">LEAP<\/a><\/strong><strong> will open in Riyadh on Monday, 4 March <\/strong>and continue through Thursday, 7 March. Dubbed the \u201cDigital Davos\u201d, the event will bring together the global tech industry for discussions on the future of technology.<\/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\/acwa-power\/\">ACWA power<\/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\/general-authority-for-statistics\/\">General Authority for Statistics<\/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\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea\/\">Red Sea<\/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=\"83342\" 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=\"83342\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/\">\r\n                            Red Sea Global secures SAR 2 bn loan from Riyad Bank to develop a Four Seasons resort                        <\/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\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/\" 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\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/')\">\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\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/\">\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=Red Sea Global lines up SAR 2 bn for new luxury hotel&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/\">\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\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/&title=Red Sea Global lines up SAR 2 bn for new luxury hotel\">\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=Red+Sea+Global+lines+up+SAR+2+bn+for+new+luxury+hotel+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F12%2Fred-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel%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\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/858.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83343\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/red-sea-global-lines-up-sar-2-bn-for-new-luxury-hotel\/858-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/858.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"858.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/858.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/858.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83342\" class=\"content-area-description single-story post-83342 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseam-ksa tag-four-seasons tag-kingdom-holding tag-red-sea-global tag-riyad-bank tag-shurah-island tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.ecb1cb28-c057-417c-8d28-4a9fab633887.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Red Sea Global has lined up SAR 2 bn in financing from Riyad Bank<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.redseaglobal.com\/en\/-\/media-center\/red-sea-global-secures-financial-close-on-sar-2-billion-debt-financing-with-riyad-bank\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The wholly-owned unit of the Public Investment Fund will use the facility to develop a Four Seasons resort at its landmark tourist destination, The Red Sea, it said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>A JV between RSG and Prince Al Waleed Bin Talal\u2019s <a target=\"_blank\" href=\"https:\/\/kingdom.com.sa\/\" style=\"\" rel=\"noopener\">Kingdom Holding<\/a> will <a target=\"_blank\" href=\"https:\/\/www.redseaglobal.com\/en\/-\/media-center\/red-sea-global-and-kingdom-holding-company-sign-a-2bn-sr-joint-venture%5C\" style=\"\" rel=\"noopener\">co-develop<\/a> the luxury resort, which RSG <a target=\"_blank\" href=\"https:\/\/www.redseaglobal.com\/en\/-\/media-center\/red-sea-global-and-kingdom-holding-company-sign-a-2bn-sr-joint-venture\" style=\"\" rel=\"noopener\">said last year<\/a> could welcome guests as early as next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the property: <\/strong>The 159-key resort is on Shura Island and part of a portfolio that The Red Sea says will be 11 luxury hotels, residences, a golf course, an 118-berth marina, and a retail dining and entertainment center in the first phase. The destination aims to be home to 50 resorts, 8k hotel rooms, and over 1k residential properties across 22 islands and six inland sites by 2030<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said<\/strong>: \u201cThe Kingdom\u2019s tourism potential is truly limitless and with our first two hotels now open, we are at the vanguard of putting Saudi Arabia on the global tourism map. This deal signifies the confidence of the private sector in the country, its people and in Red Sea Global. Riyad Bank has been with us since our first debt financing deal in 2021 and we\u2019re honored to have them partner with us once again,\u201d RSG CEO John Pagano said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/four-seasons\/\">Four Seasons<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/kingdom-holding\/\">Kingdom Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea-global\/\">Red Sea Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyad-bank\/\">Riyad Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/shurah-island\/\">Shurah Island<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83344\" 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=\"83344\">\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\">PIF WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/pifs-mobility-investment-arm-buys-into-croatia-based-project-3-mobility-eyes-recogni-holon\/\">\r\n                            PIF\u2019s mobility investment arm buys into Croatia-based Project 3 Mobility + eyes Recogni, Holon                        <\/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\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/923.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"923.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/923.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/923.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83344\" class=\"content-area-description single-story post-83344 post type-post status-publish format-standard has-post-thumbnail hentry category-pif-watch tag-enterpriseam-ksa tag-holon tag-investment-watch tag-pif-watch tag-project-3-mobility tag-recogni tag-startup-watch tag-tasaru-mobility-investments tag-transport 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\/.ec37ef1a-f5a9-4a78-ba25-3c004f429384.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>PIF subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tasaru.com\/about-us\/\" style=\"\" rel=\"noopener\">Tasaru Mobility Investments<\/a><\/strong><strong> was the lead investor in a series-A <\/strong><strong>round raised by <\/strong><strong>Croatia-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/p3m.com\/\" style=\"\" rel=\"noopener\">Project 3 Mobility<\/a><\/strong><strong> (P3<\/strong><strong>), <\/strong>the startup said in <a target=\"_blank\" href=\"https:\/\/p3m.com\/media\/project-3-mobility-closes-series-a-investment-round-raising-in-total-c-eur-100-million\/\" style=\"\" rel=\"noopener\">a press release<\/a>. The signing happened on the sidelines of the PIF\u2019s private sector forum in Riyadh last week, according to <a target=\"_blank\" href=\"https:\/\/x.com\/tasaruksa\/status\/1755589873166406111?s=20\" style=\"\" rel=\"noopener\">a post on social media platform X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we don\u2019t know:<\/strong> While P3 says it has raised a total of EUR 100 mn from private investors, it hasn\u2019t disclosed the size of the most recent round or of PIF\u2019s commitment. It has also taken on a nearly <a target=\"_blank\" href=\"https:\/\/p3m.com\/media\/the-european-commission-approved-a-grant-of-eur-1795-million-to-project-3-mobility\/\" style=\"\" rel=\"noopener\">EUR 180 mn grant<\/a> from the European Commission to \u201cresearch, develop and produce new mobility vehicles and supporting infrastructure.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds: <\/strong>The company will use fund series A funding to fund R&D and expand its team, it said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.tasaru.com\/\" style=\"\" rel=\"noopener\">T<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tasaru.com\/\" style=\"\" rel=\"noopener\">asaru<\/a><\/strong><strong> has also inked <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2455686\/business-economy\" style=\"\" rel=\"noopener\">agreements<\/a><\/strong>that will see it invest in: <\/p>\n<ul>\n<li><strong>US tech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.recogni.com\/\" style=\"\" rel=\"noopener\">Recogni<\/a><\/strong>, which develops low-energy AI products. Tasaru will be financing Recogni\u2019s development of next-gen chips for autonomous vehicles.<\/li>\n<li><strong>Vehicle manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.driveholon.com\/en\/\" style=\"\" rel=\"noopener\">Holon<\/a><\/strong>, a subsidiary of Austria\u2019s <a target=\"_blank\" href=\"https:\/\/www.benteler.com\/en\/\" style=\"\" rel=\"noopener\">Benteler Group<\/a>. It plans to acquire <a target=\"_blank\" href=\"https:\/\/www.driveholon.com\/en\/news\/holon-is-about-to-secure-investment\/\" style=\"\" rel=\"noopener\">a minority stake of up to 38%<\/a> in Holon to back the development of the autonomous electric <a target=\"_blank\" href=\"https:\/\/www.driveholon.com\/en\/the-mover\/\" style=\"\" rel=\"noopener\">Mover<\/a> shuttle. The nine-figure investment in Holon will be dispersed in multiple tranches with the first expected in April 2024.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Haven\u2019t heard of Tasaru? That\u2019s because it\u2019s new.<\/strong> The investment company launched in October 2023 and is 100% owned by PIF. Its mandate is to develop domestic supply chain capabilities in the automotive, mobility and next-gen industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here at home: <\/strong>The company launched a joint venture with Zamil Group Real Estate Company, Abdullah Ibrahim Alkhorayef Sons, and Dar Al-Himmah Projects to develop an automotive logistics hub in King Abdullah Economic City (KAEC), ultimately operating in the aftermarket parts industry, it said in <a target=\"_blank\" href=\"https:\/\/www.tasaru.com\/blogpost-1\/\" style=\"\" rel=\"noopener\">a press release<\/a> in October 2023.<\/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\/holon\/\">Holon<\/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\/pif-watch\/\">PIF watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/project-3-mobility\/\">Project 3 Mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/recogni\/\">Recogni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tasaru-mobility-investments\/\">Tasaru Mobility Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/transport\/\">transport<\/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=\"83346\" 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=\"83346\">\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\">DEFENSE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/modon-lines-up-investors-for-projects-worth-up-to-sar-130-mn\/\">\r\n                            Modon lines up investors for projects worth up to SAR 130 mn                        <\/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\/12\/modon-lines-up-investors-for-projects-worth-up-to-sar-130-mn\/\" 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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It did not disclose the identities of the firms with which Modon contracted during the World Defense Show (WDS) held in Riyadh last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>Modon signed two contracts worth SAR 50 mn each that will see the building of factories specialized in manufacturing military aircraft, aircraft parts, and drones. It also signed an SAR 30 mn to allocate 3k sqm of land for the repair and maintenance of ships and the revamp of military vessels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/nadrahcompany.com\/\" style=\"\" rel=\"noopener\">Nadrah Trading Company<\/a><\/strong><strong> has inked a SAR 1 bn agreement with India\u2019s state-owned <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/milhq\/?originalSubdomain=in\" style=\"\" rel=\"noopener\">Munitions India Limited (MIL)<\/a><\/strong> to set up an <a target=\"_blank\" href=\"https:\/\/twitter.com\/IndiaMunitions\/status\/1754888205902532619?s=20\" style=\"\" rel=\"noopener\">artillery ammunition<\/a> factory in the Kingdom, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2045000\" style=\"\" rel=\"noopener\">SPA<\/a> separately reported. No further information was provided. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Kingdom has a target of localizing over 50% of its military equipment spending by 2030.<\/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\/defense\/\">Defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/manufacturing\/\">manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/modon\/\">Modon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nadrah\/\">Nadrah<\/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=\"83348\" 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=\"83348\">\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\">PUBLIC POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/new-rules-regulating-govt-communication-at-home-and-abroad\/\">\r\n                            Gov\u2019t set to unroll rules regulating official communications here and abroad in August                        <\/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\/12\/new-rules-regulating-govt-communication-at-home-and-abroad\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The rules, which will come into force in August, were approved by the Cabinet last month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The rules aim to regulate formal incoming and outbound communications between governmental bodies and between government and the outside world. It also aims to maintain the security of documents throughout the process.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ironing out the details:<\/strong> The rules stipulate that only nationals who are trustworthy will be allowed to handle government documents, with every government entity obliged to take adequate measures to ensure the safety of their electronic documents. <strong>The rules also prohibit the use of language indicating \u201creverence\u201d <\/strong>in formal government communications whether on paper or online.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rules also entail:<\/strong><\/p>\n<ul>\n<li><strong>Guidelines on how to write: <\/strong>A detailed description of the structure of a formal letter \/ email between government agencies; <\/li>\n<li><strong>The use of terms related to prioritizing urgency and confidentiality<\/strong>, with urgency categorized through \u201cImmediate\u201d, \u201cVery Urgent\u201d and \u201cUrgent\u201d depending on the level of importance;<\/li>\n<li>Guidelines to <strong>protect documents<\/strong> from damage, including a ban on smoking, food and drinking during working hours; <\/li>\n<li><strong>Provisions on confidentiality <\/strong>of data.<\/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\/foreign-affairs\/\">foreign affairs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-policy\/\">PUBLIC POLICY<\/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=\"83350\" 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=\"83350\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/\">\r\n                            Burgerizzr, Tanmiah, Tihama 2023 results are in                        <\/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\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/\" 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\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/')\">\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\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/\">\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=Tanmiah, Burgerizzr, Tihama 2023 results are in&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/\">\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\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/&title=Tanmiah, Burgerizzr, Tihama 2023 results are in\">\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=Tanmiah%2C+Burgerizzr%2C+Tihama+2023+results+are+in+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F12%2Ftanmiah-burgerizzr-tihama-2023-results-are-in%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\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/873.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83351\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/tanmiah-burgerizzr-tihama-2023-results-are-in\/873-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/873.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"873.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/873.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/873.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83350\" class=\"content-area-description single-story post-83350 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-burgerizzr tag-earnings-watch tag-enterpriseam-ksa tag-food tag-tanmiah tag-tihama 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\/.14585028-38c0-4841-8940-174fafeb6552.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">TANMIAH FOOD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Main market-listed <\/strong><strong><a target=\"_blank\" href=\"http:\/\/tanmiah.com\/\" style=\"\" rel=\"noopener\">Tanmiah Food<\/a><\/strong><strong> saw its net profit decline 59% y-o-y to SAR 76 mn in <\/strong><strong>2023<\/strong> as a one-off gain of SAR 102 mn in 2022 from its strategic partnership with Tyson Foods made for a tough comparison. Revenues were up 21% y-o-y to SAR 2.1 bn last year, driven by improved sales driven of fresh poultry and a 3x increase in revenues from its fast food franchise business Popeys. Tanmiah opened 16 new Popeyes outlets in 4Q 2023. <\/p>\n<p class=\"tag-border-left\">BURGERIZZR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bottom line of Nomu-listed burger chain <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.burgerizzr.com\/\" style=\"\" rel=\"noopener\">Burgerizzr<\/a><\/strong><strong> rose 4.6x y-o-y to SAR 12.3 mn in <\/strong><strong>2023<\/strong>due to an increase in gross profit margin to 30%, up from 27%, and a rise in average sales per branch, 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\/ldBNC4JAEAbgX-MxdrLU7LaSbomhJqLtJdYKE9xdD1vhv2-pk2Bfcxt4XnhnEEUlooLdmpqpRgrW6n1P7YOFbTDXC4hj7DqQBqFHNhGe-ekcFUNAAtPXwPXSlU-mQBxE_8pDllgaJNtZBDsgYP-WhzeD4XueDsnIBUMwUvEJPnQIEa1bWb3-eVGqWxpggGIndr-2hu54lLxjos96XkmNXMsElJ0F6niel9AkvJjgBwcsvCI!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE3Ni9jb21wYW55U3ltYm9sLzk1MjAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company also delivered good control of food, labor, and administrative expenses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Burgerizzr saw revenues grow 12% y-o-y to SAR 281 mn<\/strong> last year as sales improved. The restaurant operated 102 branches last year, down from 105 in 2022. <\/p>\n<p class=\"tag-border-left\">TIHAMA- <\/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:\/\/tihama.com\/company\" style=\"\" rel=\"noopener\">Tihama<\/a><\/strong><strong>, the advertising, public relations, publishing, and media group, saw its net <\/strong><strong>income decline <\/strong><strong>54% y-o-y in 9M 2023 <\/strong><strong>to SAR 32 mn<\/strong> on the back of a drop in gross income led by the advertising segment, 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\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMTA3EA_ODVPvyA3NMIgMyA3XNdREQAyiKbw\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE4MS9jb21wYW55U3ltYm9sLzQwNzAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues were down 20.1% y-o-y to SAR 57 mn in the same period, dragged down by the advertising segment.<\/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\/burgerizzr\/\">Burgerizzr<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tanmiah\/\">Tanmiah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tihama\/\">Tihama<\/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=\"83352\" 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=\"83352\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/natural-gas-distribution-co-names-new-board\/\">\r\n                            Natural Gas Distribution Co names new board                        <\/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\/12\/natural-gas-distribution-co-names-new-board\/\" 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\/12\/natural-gas-distribution-co-names-new-board\/')\">\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\/12\/natural-gas-distribution-co-names-new-board\/\">\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=Natural Gas Distribution Co names new board&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/natural-gas-distribution-co-names-new-board\/\">\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\/12\/natural-gas-distribution-co-names-new-board\/&title=Natural Gas Distribution Co names new board\">\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=Natural+Gas+Distribution+Co+names+new+board+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F12%2Fnatural-gas-distribution-co-names-new-board%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\/12\/natural-gas-distribution-co-names-new-board\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83352\" class=\"content-area-description single-story post-83352 post type-post status-publish format-standard hentry category-moves tag-abdullatif-al-abdullatif tag-abdulrahman-bin-sulaiman tag-enterpriseam-ksa tag-moves tag-natural-gas-distribution-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\/.842d8774-4b44-449c-b9e6-d6b39fe74eeb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The <a target=\"_blank\" href=\"http:\/\/www.ngdc.com.sa\/Default.aspx?lang=en\" style=\"\" rel=\"noopener\">Natural Gas Distribution Company (NGDC)<\/a> named <strong>Abdulrahman bin Sulaiman<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/abdulrahman-bin-sulaiman-669a4475\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as its new chairman, 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-MxdtTU7LaSbomhJqLtJdYKE9xdD1b471vqJNjX3AaeF94ZRFGJqGC3pmZ9IwVr1b6n9sHCNhjrBcQxdh1Ig9AjmwibfjpHxRiQwPAVcL105RMdiIPoX3nIEkuBZGtGsAMC9m95eDMYvufpmExcMAYTFZ_gQ4cQ0bqV1eufl77vlhpo0LMTu19bTXU8St4xMWQDr6RCrqXbKDsL1PE8L6FJeDHDDysWlo8!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE4MC9jb21wYW55U3ltYm9sLzk1MTYvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. He has served as the company\u2019s deputy chairman since 2020. It also appointed <strong>Abdullatif Al Abdullatif<\/strong> (<a target=\"_blank\" href=\"https:\/\/manhom.com\/%D8%B4%D8%AE%D8%B5%D9%8A%D8%A7%D8%AA\/%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D8%B7%D9%8A%D9%81-%D8%B9%D9%85%D8%B1-%D8%B3%D9%84%D9%8A%D9%85%D8%A7%D9%86-%D8%A7%D9%84%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D8%B7%D9%8A%D9%81\/\" style=\"\" rel=\"noopener\">bio<\/a>) as deputy chairman.<\/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\/abdullatif-al-abdullatif\/\">Abdullatif Al Abdullatif<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/abdulrahman-bin-sulaiman\/\">Abdulrahman bin Sulaiman<\/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\/natural-gas-distribution-company\/\">Natural Gas Distribution 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=\"83353\" 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=\"83353\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/\">\r\n                            Dussur + Baker Hughes opens chemicals manufacturing facility                        <\/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\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/\" 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\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/')\">\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\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/\">\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=Dussur + Baker Hughes opens chemicals manufacturing facility. Plus: Defense, healthcare, education, finance, and tech&url=https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/\">\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\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/&title=Dussur + Baker Hughes opens chemicals manufacturing facility. Plus: Defense, healthcare, education, finance, and tech\">\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=Dussur+%2B+Baker+Hughes+opens+chemicals+manufacturing+facility.+Plus%3A+Defense%2C+healthcare%2C+education%2C+finance%2C+and+tech+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F12%2Fdussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech%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\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/924.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83354\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/924-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/924.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"924.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/924.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/924.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83353\" class=\"content-area-description single-story post-83353 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-aramco tag-award-al-osool-capital tag-baker-hughes tag-capital-market-authority tag-dan-company tag-dussur tag-enterpriseam-ksa tag-finance tag-national-medical-care tag-pif tag-sabic tag-saudi-tourism-authority tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.33424864-0532-4582-984d-863c0d99f024.mp3\"><\/audio><\/figure><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>Dussur, Baker Hughes inaugurate chemicals manufacturing facility:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.dussur.com\/about-us.php\" style=\"\" rel=\"noopener\">Saudi Arabian<\/a><a target=\"_blank\" href=\"https:\/\/www.dussur.com\/about-us.php\" style=\"\" rel=\"noopener\">Industrial Investments Co. (Dussur)<\/a> opened with US oilfield services provider Baker Hughes a chemicals manufacturing plant in Jubail that will produce oilfield, power generation, and industrial chemicals, a <a target=\"_blank\" href=\"https:\/\/www.bakerhughes.com\/company\/news\/baker-hughes-dussur-inaugurate-saudi-petrolite-chemicals-facility-jubail-localize\" style=\"\" rel=\"noopener\">statement by Baker Hughes<\/a> read yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> The facility is <a target=\"_blank\" href=\"https:\/\/www.bakerhughes.com\/company\/news\/baker-hughes-and-dussur-sign-agreement-form-chemicals-joint-venture-saudi-arabia\" style=\"\" rel=\"noopener\">part of a JV announced<\/a> between Dussur and Baker Hughes in 2022. Baker Hughes owns a 51% stake in the JV, while Dussur owns 49%. Dussur is owned by the PIF, Sabic, and Aramco.<\/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>National Medical Care is ready to expand Al-Malaz Hospital<\/strong> under a newly-acquired license from the Health Ministry, 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\/jZDLDoJADEW_xQVbWuUhusOoGB8RJUacjRkURxJgyDBI_HtHXWkU7a7tubc3BQIhkJxeEkZlwnOaqn5H7L3l2tiZOLj0xp0Rrsa9wWo48to4M2H7CmDgWwrwF8Yc1-ihDeQfPX4pF3_rSSPidd-BDxEfQEOGKRCW8uj5DzePDIcBEfEpFrHQK6HGZymLsq-hhnVd64xzlsb6gWcafpKceSkhfCXv3N3lYSLpkdZVqtRErQqaX4NrFnF1yES0IKACimwTYuJnW0dakem2bhGMDVs!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE3NS9jb21wYW55U3ltYm9sLzQwMDUvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvYXI!\/\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul. The SAR 100 mn project would bring total capacity to 459 beds and 62 clinics. <\/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>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/awaed.capital\/\" style=\"\" rel=\"noopener\">Awaed Alosool Capital<\/a><\/strong><strong> has received approval from the Capital Markets Authority <\/strong><strong>(CMA) to manage and operate funds<\/strong> as well as hold securities on behalf of clients, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details?1dmy&urile=wcm:path:\/Tadawul_en\/SA-Tadawul\/SA-PricesAndIndeces\/SA-News\/SA-MarketNews\/CT-marketnews-20240208-cma2\" style=\"\" rel=\"noopener\">a disclosure on Tadawul<\/a>. <\/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.linkedin.com\/company\/%D8%A7%D9%84%D8%AA%D9%86%D8%A7%D9%81%D8%B3%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Competitiveness Financia<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sa.linkedin.com\/company\/%D8%A7%D9%84%D8%AA%D9%86%D8%A7%D9%81%D8%B3%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">l<\/a><\/strong><strong> now has a fintech permit <\/strong>from the CMA that will allow it to invest in and promote debt instruments, the authority said in <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3485.aspx\" style=\"\" rel=\"noopener\">a statement<\/a> yesterday.<\/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\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The Culture Ministry opened the Kingdom\u2019s <strong>first specialized college of arts at King Saud <\/strong><strong>University<\/strong> in Riyadh, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2045445\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. Departments include design, the performing arts, and visual arts with courses ranging from graphic design, fashion, theater, and cinema to music, printing, drawing, sculpture, and Arabic calligraphy.<\/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>Solutions by stc<\/strong> (79% stc-owned) and <strong>Center3<\/strong> (100% stc-owned) signed an agreement that will see Solutions design and build infrastructure for data centers owned by Center3, Solutions 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-oyNzIwEg_ODVPvyA3NMIgMyA3XNdREQCVnJwO\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE3My9jb21wYW55U3ltYm9sLzcyMDIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The agreement runs for three years and the price tag has a ceiling of SAR 150 mn.<\/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\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1<\/strong><strong>- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dancompany.sa\/en\/about-dan\" style=\"\" rel=\"noopener\">Dan Company<\/a><\/strong><strong> has <\/strong><strong>signed an MoU with Abdulmohsen bin Abdulaziz AlJabr Trading <\/strong><strong>Company<\/strong> that could see the two work together on lodges and farm stays, it said in <a target=\"_blank\" href=\"https:\/\/dancompany.sa\/en\/news\/16\" style=\"\" rel=\"noopener\">a statement<\/a> last week. No further information was provided. Dan is a wholly-owned subsidiary of the Public Investment Fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Saudi Tourism Authority and Switzerland Tourism signed an MoU <\/strong>to improve cooperation in the tourism industry, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2043882\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/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\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/award-al-osool-capital\/\">Award Al Osool Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/baker-hughes\/\">Baker Hughes<\/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\/dan-company\/\">Dan Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dussur\/\">Dussur<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/finance\/\">FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-medical-care\/\">National Medical Care<\/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\/sabic\/\">SAbic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-tourism-authority\/\">Saudi Tourism 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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83355\" 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=\"83355\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/imf-head-lays-out-recipe-to-help-arab-world-withstand-headwinds\/\">\r\n                            IMF head lays out recipe to help Arab world withstand headwinds                        <\/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\/12\/imf-head-lays-out-recipe-to-help-arab-world-withstand-headwinds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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<a href=\"https:\/\/api.whatsapp.com\/send?text=IMF+head+lays+out+recipe+to+help+Arab+world+withstand+headwinds+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F02%2F12%2Fimf-head-lays-out-recipe-to-help-arab-world-withstand-headwinds%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\/12\/imf-head-lays-out-recipe-to-help-arab-world-withstand-headwinds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/939.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83356\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/imf-head-lays-out-recipe-to-help-arab-world-withstand-headwinds\/939-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/939.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"939.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/939.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/939.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83355\" class=\"content-area-description single-story post-83355 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-ksa tag-financial-markets tag-kristalina-georgieva tag-planet-finance tag-sp tag-sp-500 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\/.9a3485c3-70a2-47b2-bf63-d49bd3335d76.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Three courses of action could help the Arab world withstand economic headwinds <\/strong><strong>and uncertainties resulting from geopolitical conflict and crises<\/strong>, IMF Managing Director Kristalina Georgieva said during her <a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2024\/02\/11\/sp-md-eighth-annual-arab-fiscal-forum\" style=\"\" rel=\"noopener\">keynote speech<\/a> at the World Government Summit in Dubai. <\/p>\n<ul>\n<li><strong>Phasing out energy subsidies could save the region USD 336 bn <\/strong>and help address pollution and improve social spending;<\/li>\n<li><strong>Implementing tax reforms and diversifying away from hydrocarbon revenues<\/strong> is also key; <\/li>\n<li><strong>and Improving state-owned companies\u2019 performance. <\/strong><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Support from GCC countries \u2014 and the IMF \u2014 will also be crucial for the region moving forward<\/strong>, the IMF head said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember- The IMF recently <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21492e0c-4252-4e18-8696-f420040fffcd\" style=\"\" rel=\"noopener\">lowered<\/a><\/strong><strong> its MENA growth outlook for the year by 0.5<\/strong><strong> percentage points<\/strong>, now expecting regional growth to pick up to 2.9% in 2024 from 2.0% the year before. The Fund pointed to temporary oil cuts in Saudi Arabia as the main driver behind the slashed outlook.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ELSEWHERE- More gains for the S&P 500 incoming?<\/strong> The S&P 500 is poised to hit fresh peaks and deliver returns in the double digits in the upcoming months after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/554f8757-2b9c-46da-a88f-22d1512c9ecd\" style=\"\" rel=\"noopener\">surpassing the 5,000 mark<\/a> last week, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6810f509-feaf-4f4f-ab96-5784b94fa8f8\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported. The blue-chip index has traditionally reached numerous all-time highs within a year of hitting a previous record in cases where over a year had elapsed since its last peak \u2014 and this pattern has held since 1950, Truist Advisory Services\u2019 Keith Lerner told the salmon-colored paper. <\/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>Asian markets are quiet this morning \u2014 and will likely remain so for the week <\/strong>asChina is closed for a weeklong Lunar New Year holiday. Exchanges in Hong Kong, Shanghai, and Korea are all off today. The Nikkei is up slightly, and futures suggest a mixed open in Europe and on Wall Street. <\/p>\n<p><a target=\"_blank\" id=\"t.fbe17ddd91cafa5b8773855827bcc6eb83135ba2\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-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\">12,209.06<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,580.49<\/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\">-0.03% (YTD: +1.9%)<\/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\">28,199.04<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +13.3%)<\/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\">9,344.05<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -2.4%)<\/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>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\">4,183.86<\/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\">+0.6% (YTD: +3.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,026.61<\/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\">+0.6% (YTD: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,572.58<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,715.87<\/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\">+0.1% (YTD: +4.3%)<\/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>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\">82.19  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1.85<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">2,038.70  <\/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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">48,082.20<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.02% (YTD: +120.6%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI rose 0.05% yesterday<\/strong> on turnover of SAR 7.9 bn. The index is up 2% 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>Atheeb Telecom (+10%), SAL (+10%) and APC (+10%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Dallah Health (-3.4%), Care (-3.3%) and Saudi German Health (-3%).<\/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>#1- Mobily\u2019s BoD has proposed a dividend of SAR 1.45 per share for eligible <\/strong><strong>shareholders <\/strong>for FY 2023, 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\/jZDLDoJADEW_xQVbWlEeusOIGB8RJUacjRkURxJgyDhK_HtHXWHw0V3bc29vCgQiIAW9pozKlBc0U_2WWDvTtdAYO7jwR4aHy1FvsBx6fhunXdjUAQwDUwHBvDPDFfpoAflHjx_Kxd968hXx7XegIeIT-JJhAoRlPH79wy3ijsOAiOSYiEToF6HGJynLc19DDauq0hnnLEv0Pc81bJKc-FlCVCcf3MPlaSLpgVaXTKmJWpW0uIW3PObqkI0GQkgFlPk6wjTIN440467bugNrHv_I\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE3Mi9jb21wYW55U3ltYm9sLzcwMjAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvYXI!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. A distribution date will be determined following the approval of the general assembly, it added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Saudi Awwal Bank\u2019s (SAB) BoD has proposed a dividend of SAR <\/strong><strong>0.98 per share for <\/strong><strong>eligible shareholders <\/strong>for the second half of FY 2023,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_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83Z29TAwC_Rx9DSxdLY0MDAz1w_Wj9KOQlRgEB5gaBLoF-Br7GAQZuBuYQRUY4ACOBvrBqXn6BdnZaY6OiooAW8Z_Vg!!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFrZ29ncFJDaUNsRWlRL1lMVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRURETExITEhETFBQQXZBalBNSW9FRUEhIS80SkNpaksyTVhIRUlKU1pDbXFwSnlGRk5UVG1VR2EzYXkyYzFQTmJ0WmJCYWtWVlJrZyEhL1o3XzVBNjAySDgwTzBIVEMwNjBTRzZVVDgxRFE2L1o2XzVBNjAySDgwTzBIVEMwNjBTRzZVVDgxREkzL3ZpZXcvbm9ybWFsL2VuL2NvbXBhbnlTeW1ib2wvMTA2MC9nbG9iYWwvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvNzgxNzg!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. A distribution date will be announced later. The amount is contingent upon general assembly approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** PSA- A<\/strong><strong>ll dividends paid out by Mobily and SAB to non-resident investors are subject to <\/strong><strong>a 5%<\/strong> withholding tax upon transfer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Al Etihad Cooperative Insurance received approval from the Ins. Authority to raise its <\/strong><strong>capital by 11.1%<\/strong> to SAR 500 mn, 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-oyMLQ3EA_ODVPvyA3NMIgMyA3XNdREQC5vsqi\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE3OS9jb21wYW55U3ltYm9sLzgxNzAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Shares of the Arab National Bank (ANB) and units of Alkhabeer REIT Fund went <\/strong><strong>ex-dividend yesterday<\/strong> for 2H 2023 and 4Q 2023, respectively, according to <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1704165\" style=\"\" rel=\"noopener\">Argaam<\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/kristalina-georgieva\/\">Kristalina Georgieva<\/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\/sp\/\">S&amp;P<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sp-500\/\">S&amp;P 500<\/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=\"83357\" 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=\"83357\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/kingdom-drops-second-usd-250-mn-budget-boost-for-yemen\/\">\r\n                            Kingdom deposits second USD 250 mn tranche to support Yemen\u2019s battered economy                        <\/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\/12\/kingdom-drops-second-usd-250-mn-budget-boost-for-yemen\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The assistance is directed towards \u201caddressing the budget deficit, paying salaries and operating expenditures and food security.\u201d Yemen\u2019s central bank governor Ahmed bin Ahmed Ghaleb Al Maabqi told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/second-installment-saudi-grant-worth-250-mln-be-deposited-yemen-budget-soon-2024-02-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> he expects the bank to receive the installment by yesterday or today. The grant is part of a one-year USD 1.2 bn grant <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-grant-yemen-12-bln-economic-aid-saudi-source-2023-08-01\/\" style=\"\" rel=\"noopener\">announced in August<\/a> for the struggling Yemeni economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A worsening situation<\/strong>: Al Maabqi said the crisis in the Red Sea has aggravated the war-torn country\u2019s economic crisis. \"The situation is already hard as a result of the war going on for more than eight years. With Houthi attacks on oil facilities [in Yemen] and exports halting, the Red Sea attacks have exacerbated the situation,\u201d he said.<\/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-bin-ahmed-ghaleb-al-maaqbi\/\">Ahmed bin Ahmed Ghaleb Al Maaqbi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/houthis\/\">Houthis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/yemen\/\">Yemen<\/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=\"83359\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/83359\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83359\" class=\"content-area-description single-story post-83359 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 February (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalsmartcityforum.sa\/en\/Pages\/About.aspx\" style=\"\">The Global Smart Cities Forum<\/a><\/span><span> wraps up<\/span><span style=\"font-weight:400;\">, Riyadh Arena, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 February (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iptcnet.org\/\" style=\"\">The International Petroleum Technology Conference (IPTC)<\/a><\/span><span> wraps up<\/span><span style=\"font-weight:400;\">, Dhahran.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14 February (Wednesday): Filipino exporters wrap up a business-matching tour in town.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-21 February (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/restatex.com\/about-exhibition\/\" style=\"\">Restatex Riyadh Real Estate<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention and Exhibition Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 February (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.chamber.org.sa\/sites\/Arabic\/Events\/ChamberEvents\/Pages\/ChamberEventDetails.aspx?Title=%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AF%D9%89%20%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%202024%20%22%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84%20%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84%22%E2%80%8B\" style=\"\">The Future of Business 2024 Forum<\/a><\/span><span style=\"font-weight:400;\">, Eastern Chamber\u2019s HQ, Dammam.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.scmf.events\/\" style=\"\">Saudi Capital Market Forum<\/a><\/span><span style=\"font-weight:400;\">, King Abdullah Financial District, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/makkahexpo.net\/?gad_source=1&gclid=CjwKCAiAiP2tBhBXEiwACslfnruKTMcAHDqylAy66Bj3KRwO-K2oMAttWtMYpsWn--hZwkSrH_4a5xoCv80QAvD_BwE\" style=\"\">Makkah Expo for Hotels and Restaurants<\/a><\/span><span style=\"font-weight:400;\">, Makkah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fomexsa.com\/en\" style=\"\">Future of Media Exhibition (FOMEX)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20 February-24 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/biennale.org.sa\/contemporary-art-biennale-2024\/\" style=\"\">Diriyah Contemporary Art Biennale<\/a><\/span><span style=\"font-weight:400;\">, Diriyah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 February (Thursday): Founding Day (Public Holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26 February (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/otsecsummit.com\/\" style=\"\">OTSEC Summit<\/a><\/span><span style=\"font-weight:400;\">, Dammam. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/fm-expo-saudi\/\" style=\"\">FM EXPO SAUD<\/a><\/span><span style=\"font-weight:400;\">    <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/stone-surface-event\/\" style=\"\">Stone and Service Saudi Arabia<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2 March (Friday): end of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/riyadhart.sa\/en\/noor-riyadh\/\" style=\"\">Noor Riyadh<\/a><\/span><span style=\"font-weight:400;\"> show, segment \u201cRefracted Identities, Shared Futures\u201d, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\">International Conference on Sand and Dust Storms in the Arabian Peninsula<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 March (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/onegiantleap.com\/\" style=\"\">LEAP 2024,<\/a><\/span><span style=\"font-weight:400;\"> Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11 March (Monday): Flag Day (national holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Wrapping up <\/span><span>23 March (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/desertx.org\/\" style=\"\">Desert X ALUla<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in March:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Ramadan <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-21 April (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imfconnect.org\/content\/imf\/en\/annual-meetings\/FutureMeetings.html\" style=\"\">IMF and World Bank spring meetings<\/a><\/span><span style=\"font-weight:400;\">, Washington, DC<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 April (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/press\/2024\/01\/annual-meeting-2024-rebuilding-trust-amid-uncertainty\/#:~:text=The%20Forum%20announced%20it%20will,29%20April%202024%20in%20Riyadh.\" style=\"\">World Economic Forum\u2019s Special Meeting<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 April-1 May: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurehospitality.com\/sa\" style=\"\">Future Hospitality Summit<\/a><\/span><span style=\"font-weight:400;\"> at Al Faisaliah Hotel, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in April:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Fitr (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thesaudifoodshow.com\/\" style=\"\">The Saudi Food Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Global Trade Review (GTR): KSA<\/span><\/li>\n<li><span style=\"font-weight:400;\">Saudi Energy Convention<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 June (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1187.aspx\" style=\"\">ZATCA<\/a><\/span><span style=\"font-weight:400;\"> tax exemption scheme expires<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in June:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Adha (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-15 August (Monday-Thursday): The Saudi Food Expo, Riyadh <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/saudi-event-show\/\" style=\"\">The Saudi Event Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 September (Monday): National Day (national holiday)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2024:<\/span><\/p>\n<ul>\n<li><span>The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tinyurl.com\/38jtv854\" style=\"\">AFC Champions League Elite<\/a><\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>RSG\u2019s SAR 2 bn hotel | New real estate authority? | Retail consultations | Long weekend coming up | Earnings season grinds on<\/p>\n","protected":false},"featured_media":83339,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-83338","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"dd340124-2a9e-42fb-ab06-e0b9ebca905e","teaser":"RSG\u2019s SAR 2 bn hotel | New real estate authority? | Retail consultations | Long weekend coming up | Earnings season grinds on","photo_url":"https:\/\/ent.news\/2024\/2\/858.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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