{"id":85054,"date":"2024-04-04T00:00:00","date_gmt":"2024-04-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=85054"},"modified":"2025-12-14T17:49:07","modified_gmt":"2025-12-14T17:49:07","slug":"non-oil-business-activity-remained-strong-in-march","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/non-oil-business-activity-remained-strong-in-march\/","title":{"rendered":"Non-oil business activity remained strong in March"},"content":{"rendered":"<section id=\"85056\" 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=\"85056\">\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\/04\/04\/hotels-and-resorts-operator-boudl-says-it-will-file-to-go-public-this-year\/\">\r\n                            THIS MORNING: White House national security advisor Jake Sullivan postpones trip to Saudi after cracking a rib                        <\/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\/04\/04\/hotels-and-resorts-operator-boudl-says-it-will-file-to-go-public-this-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We hope you\u2019re looking forward to it as much as we are \u2014 and that you\u2019re able to unwind a little bit this weekend. In the meantime: <strong>The late-Ramadan news slowdown is in full effect.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>BUT FIRST- White House national security advisor Jake Sullivan postponed his planned <\/strong><strong>trip to Saudi Arabia<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/04\/02\/saudi-arabia-israel-normalization-deal-sullivan\" style=\"\" rel=\"noopener\">Axios<\/a> wrote overnight. A spokesman for the Biden administration told the outlet that Sullivan is recovering from a cracked rib suffered in a \u201cminor accident.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the works: <\/strong>A \u201cmega-deal\u201d that would include normalization of ties with Israel, a US defense pact, a nuclear agreement, and an irreversible path to statehood for Palestine. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER UPDATE- It will be a game of contrasts today in Riyadh. Expect cloudy skies<\/strong>with a high of 30\u00b0C, prompting T-shirts and summer abayas, and a low of 16\u00b0C, that will have us ready with sweaters and jackets. It\u2019s more of the same over in <strong>AlUla<\/strong>. Meanwhile, the folks in <strong>Al Taif <\/strong>better pack an umbrella, as there\u2019s a chance of rain and thunderstorms with a high of 25\u00b0C and a low of 15\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>There\u2019s a chance of rain every day next week, according to the long-range forecast for the capital city.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, when do we eat?<\/strong> Maghrib prayers are at 6:11pm in the capital city, and you\u2019ll have until 4:21am tomorrow to hydrate and caffeinate ahead of fajr. Today is day 25 of Ramadan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Tap or click here to read this section on our website<\/strong> and access all of the external links.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#1- IPO WATCH- Hotels and resorts operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.boudl.com\/en\/\" style=\"\" rel=\"noopener\">Boudl<\/a><\/strong> is looking to list on Tadawul this year, Managing Director Khaled Alkhelaiwi to <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/04\/02\/article_2714841.html\" style=\"\" rel=\"noopener\">Al Eqtisadiah<\/a>. He did not provide further details on the plan, but said Boudl was also looking to enter a number of regional markets, including Egypt, Morocco, Oman, and Turkey, as part of an expansion plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Boudl:<\/strong> Established in 1959, Boudl has grown to become one of Saudi\u2019s top hotels operators. It manages 60 hotels across the Kingdom under its brand name with its range including three-, four-, and five-start hotel offerings and hotel apartments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- The Ministry of Industry and Mineral <\/strong><strong>Resources has put six exploration licenses up for grabs <\/strong>for local and international mining companies, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2078269\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. The ministry hopes prospectors will find gold, silver ores, copper, zinc, and lead. Technical bids are due by the beginning of May 2024 and a list of preferred bidders will be disclosed by the end of June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The ministry unveiled last month a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e05daf4b-eff6-4b06-997c-6fa072982e5e\/miners-exploring-for-copper,-rare-earths-could-get-access-to-sar-685-mn%253cmark%253e-incentive-%253c%2Fmark%253eprogram\" style=\"\" rel=\"noopener\">fresh incentives package worth SAR 685<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e05daf4b-eff6-4b06-997c-6fa072982e5e\/miners-exploring-for-copper,-rare-earths-could-get-access-to-sar-685-mn%253cmark%253e-incentive-%253c%2Fmark%253eprogram\" style=\"\" rel=\"noopener\">mn<\/a>&nbsp;<\/strong><strong>to <\/strong><strong>boost mineral exploration in the Kingdom. <\/strong>The program is being rolled out in collaboration with the Investment Ministry and aims to reduce early-stage risk for exploration companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Fertilizers maker Sabic Agri-Nutrients has plans to launch a number of <\/strong><strong>decarbonization projects in the next decade <\/strong>starting in 2026 in a bid to reach net-zero by 2050, <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/357.pdf\" style=\"\" rel=\"noopener\">according to the company\u2019s BoD 2023 annual report (pdf)<\/a> <\/p>\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=\"wwtt1\"><\/a> <strong>#1- <\/strong><strong>MENA startups raised USD 429 mn in 1Q 2024, a 62% y-o-y decline<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/04\/mena-startups-raise-254-million-march-pushing-q1-429-million\" style=\"\" rel=\"noopener\">according<\/a><a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/04\/mena-startups-raise-254-million-march-pushing-q1-429-million\" style=\"\" rel=\"noopener\">to Wamda<\/a>. Meanwhile, they raised USD 254 mn through 54 transactions in March 2024 with a 1.2% y-o-y increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi startups dominated the charts in March<\/strong>, lining up USD 198 mn in funding through 25 transactions, including a USD 130 mn pre-IPO round for e-commerce app Salla. Twelve startups in the UAE raised USD 39 mn, while eight in Egypt raised USD 7 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#2- Retail <\/strong><strong>e-payments advanced 13% y-o-y in 2023, accounting for 70% of total <\/strong><strong>retail <\/strong><strong>payments<\/strong>, SAMA said in <a target=\"_blank\" href=\"https:\/\/x.com\/SAMA_GOV\/status\/1774920693949293021?s=20\" style=\"\" rel=\"noopener\">a post on X<\/a>. Card payments via point of Sale (POS) increased by 24% y-o-y to 9 bn transactions, while mada card online payments rose 43% y-o-y to 874 mn, and payments through instant payment service (Sarie) saw a 26% y-o-y increase to 437 mn transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Some 118 industrial licenses were issued in February 2024 for projects with a <\/strong><strong>combined investment of SAR 1.9 bn<\/strong>, the Industry and Mineral Resources Ministry said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Jarrah_4\/status\/1775227467529142523?s=20\" style=\"\" rel=\"noopener\">post on X<\/a>. This is down 22.4% m-o-m from 152 issued industrial licenses <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2512c48d-fb0c-47cc-bcab-cf749e770aec\/new-manufacturing-licenses-up-24.5%2525-m-o-m-in-january-2024\" style=\"\" rel=\"noopener\">in January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<br \/><\/strong><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday before 7am Riyadh time \u2014 without charge, thanks to our friends at Cenomi.<br \/><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You might be able to zip through passport control a bit quicker in Riyadh <\/strong>as the General Authority of Civil Aviation rolls out Saudi\u2019s first self-service passport checks at King Khalid International Airport\u2019s terminal three, GACA said in <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1775267394644312475?s=20\" style=\"\" rel=\"noopener\">a post on X<\/a>.<\/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 class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scramble to make sense of (and money with) generative AI dominates headlines&nbsp;<\/strong>on an otherwise quiet morning in the global business press. Here\u2019s what you need to know: <\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2f4bfeb4-6579-4819-9f5f-b3a46ff59ed1\" style=\"\" rel=\"noopener\">Google may choose to charge for AI-powered search<\/a>. It would be the first time the group\u2019s core search product goes behind a paywall.<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/04\/01\/business\/ai-tech-economy.html\" style=\"\" rel=\"noopener\">How one tech skeptic decided AI might be good for the middle class<\/a>. Part of his answer: It\u2019s going to help some of the less skilled knowledge workers do better work \u2014 without replacing them<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/04\/01\/business\/economy\/artificial-intelligence-productivity.html\" style=\"\" rel=\"noopener\">Will AI boost productivity? Companies sure hope so<\/a>, but it\u2019s unclear whether the impact of AI is already showing up in US productivity data.<\/li>\n<\/ul>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/04\/03\/chatgpt-dalle-openai-editing-images\" style=\"\" rel=\"noopener\">Paid ChatGPT customers can now use AI to edit DALL-E images<\/a> and add elements or change-up the style.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SIGN OF THE TIMES- Men at Goldman Sachs\u2019 primary UK unit make 54% more than <\/strong><strong>women<\/strong> \u2014 and the gap has widened in the past 12 months, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/112d86f7-5c18-491d-bc25-ec8419edb889\" style=\"\" rel=\"noopener\">the FT<\/a> writes. Expect the story to have legs: GS is publishing its gender pay gap report today.<\/p>\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Surprising no one, Opec+ ministers left voluntary production cuts unchanged<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7319.htm\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The panel met online yesterday to review the cuts and welcomed Iraq and Kazakhstan\u2019s pledge get in line. The group also welcomed Russia\u2019s voluntary adjustments to be based on production instead of exports in the second quarter of 2024. The meeting came weeks after Opec+ members, led by Saudi and Russia, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3286cbff-632f-42e9-924c-581b0232a7db\/leap,-deepfest-and-the-efg-hermes-one-on-one-kick-off-today\" style=\"\" rel=\"noopener\">extended voluntary curbs<\/a> that will remain in effect through June 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>Oil prices are at just about their highest level in nearly six months at almost USD 90 per barrel. <\/p>\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.spa.gov.sa\/en\/N2075948\" style=\"\" rel=\"noopener\">Gulf Film Festival (GFF)<\/a><\/strong><strong> will open from Sunday, 14 April till Thursday, 18 April in <\/strong><strong>Riyadh. <\/strong>Organized by the Film Commission in cooperation with the Gulf Cooperation Council (GCC) General Secretariat, the five-day event will showcase a selection of 29 films from across the region. It will also include three training workshops and six educational seminars focused on fostering artistic dialogue and raising awareness of cinema's social impact.<\/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:\/\/isdbg-psf.org\/\" style=\"\" rel=\"noopener\">Islamic Development Bank (IsDB) Group Private Sector Forum<\/a><\/strong><strong> will open on Sunday, <\/strong><strong>28 April till Tuesday, 30 April<\/strong> at the Intercontinental Riyadh Hotel. It brings together business leaders and stakeholders for talks on potential investments and trade by the IsDB\u2019s member countries. It will also showcase the IsDB\u2019s role in promoting private sector investments and cross-border trade.<\/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:\/\/automechanika-riyadh.ae.messefrankfurt.com\/riyadh\/en.html\" style=\"\" rel=\"noopener\">Automechanika Riyadh<\/a><\/strong><strong> will open on Tuesday, 30 April till Thursday, 2 May<\/strong> at the Riyadh International Convention and Exhibition Center. The annual trade fair will showcase the automotive industry\u2019s latest advances and innovations.<\/p>\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>WHISPERS-<\/strong><strong>Al Awwal Stadium in Riyadh will reportedly host the Egyptian Premier <\/strong><strong>League match between<\/strong><strong> AlAhly and <\/strong><strong>Zamalek on Monday, 15 April,&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9\/%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9\/4945791-%D8%AA%D8%B1%D8%AD%D9%8A%D8%A8-%D9%85%D8%B5%D8%B1%D9%8A-%D8%A8%D8%A5%D9%82%D8%A7%D9%85%D8%A9-%D9%85%D8%A8%D8%A7%D8%B1%D8%A7%D8%A9-%D8%A7%D9%84%D9%82%D9%85%D8%A9-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%8A-%D9%88%D8%A7%D9%84%D8%B2%D9%85%D8%A7%D9%84%D9%83-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Asharq Al-awsat<\/a> reports, citing the Egyptian Clubs Association. There\u2019s a chance for the second leg to be hosted in Jeddah. The story also got ink in <a target=\"_blank\" href=\"https:\/\/www.masrawy.com\/sports\/sports_news\/details\/2024\/4\/2\/2562125\/%D8%A7%D9%84%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D9%85%D9%88%D8%B9%D8%AF-%D9%88%D9%85%D9%84%D8%B9%D8%A8-%D9%82%D9%85%D8%A9-%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%8A-%D9%88%D8%A7%D9%84%D8%B2%D9%85%D8%A7%D9%84%D9%83-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Masrawy<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second go in less than two months: <\/strong>Al Awwal hosted the Egypt Cup between Al Ahly and Zamalek <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2de424a1-8d9b-4c27-892f-ff2a08436a20\/expect-plenty-more-investment-in-saudi-football\" style=\"\" rel=\"noopener\">last month<\/a> with the Red Devils beating El Galaa El Baida 2-0. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Last night\u2019s Saudi Pro League matches:<\/strong><\/p>\n<ul>\n<li><strong>Al Shabab<\/strong> vs. <strong>Al Riyadh (1-0)<\/strong>;<\/li>\n<li><strong>Al Fateh<\/strong> vs. <strong>Al Ettifaq (1-0)<\/strong>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fixtures for matchday 27 of 34 <\/strong>(all scheduled for 10 pm):<\/p>\n<ul>\n<li><strong>Damac <\/strong>vs. <strong>Al-Nassr<\/strong> (Friday, 5 April);<\/li>\n<li><strong>Al-Khaleej <\/strong>vs. <strong>Al-Hilal <\/strong>(Friday, 5 April);<\/li>\n<li><strong>Al-Ittihad <\/strong>vs. <strong>Al-Taawoun<\/strong> (Friday, 5 April);<\/li>\n<li><strong>Al-Wehda<\/strong> vs. <strong>Al-Ahli<\/strong> (Friday, 5 April);<\/li>\n<li><strong>Al-Tai<\/strong> vs. <strong>Al-Shabab<\/strong> (Saturday, 6 April);<\/li>\n<li><strong>Al-Ettifaq<\/strong> vs. <strong>Al-Riyadh<\/strong> (Saturday, 6 April).<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/boudl\/\">Boudl<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-us-relations\/\">Saudi-US relations<\/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    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src=\"https:\/\/ent.news\/internal\/15542.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85059\" 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=\"85059\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/non-oil-business-activity-remained-strong-in-march-2024\/\">\r\n                            Saudi non-oil business activity remained strong in March as output levels hit a six-month high                        <\/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\/04\/04\/non-oil-business-activity-remained-strong-in-march-2024\/\" 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=\"#\" 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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"352.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/352.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/352.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85059\" class=\"content-area-description single-story post-85059 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy 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\/4\/.1db265f5-9356-4cc1-adca-101289d87315.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Non-oil business activity remained strong in March 2024, fueled a rise in <\/strong><strong>new orders as businesses acquired new customers<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/331.pdf\" style=\"\" rel=\"noopener\">Riyad Bank Saudi Arabia PMI (pdf)<\/a> out yesterday. The headline purchasing managers\u2019 index dipped to 57.0 in March from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8990aa0e-b812-4224-8665-9713b24a6b8d\/non-oil-business-activity-rallies-in-february\" style=\"\" rel=\"noopener\">57.2 in February<\/a>, but remained firmly above the 50 threshold that separates growth from contraction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business conditions improved in 1Q 2024:<\/strong> \u201cBusiness activity experienced a substantial uptick, marking the most significant growth in six months. The positive momentum also prompted accelerated purchasing activities and additional hiring, underscoring a buoyant market outlook,\u201d said Riyadh Bank Chief Economist Naif Al-Ghaith.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Output levels hit a six-month high: <\/strong>The output sub-index rose to 62.2 in March, up from 61.5 in the previous month, recording its highest level since September 2023, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/saudi-arabias-non-oil-business-activity-grows-robustly-march-pmi-shows-2024-04-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. This was supported by faster growth in new orders which leaped to 64 in March up from 62.2 in February, along with strong demand, particularly in the manufacturing sector, according to the business newswire. Foreign sales saw an uptick for the second consecutive month, albeit at a moderate pace, the report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There was a significant surge in new orders for non-oil firms<\/strong>, with the rate of expansion accelerating for the second consecutive month. Three times as many firms experienced an increase in new business volumes compared to those that reported a decline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cost inflation rose at the slowest pace in eight months<\/strong>, due to a marginal increase in staff salaries which is the smallest seen since the beginning of 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Businesses logged their highest expectations for business activity in the next 12 months <\/strong><strong>since November<\/strong>, according to the report. This positive outlook is fueled by favorable demand conditions, encouraging companies to up their staffing levels and boost inventories.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Average selling prices rose modestly last month<\/strong>, though they did so faster than in February. Some respondents noted that stronger client demand allowed them to raise prices, while others cited challenges in adjusting pricing strategies due to intense competition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FROM THE REGION- <\/strong><\/p>\n<ul>\n<li>Kuwait\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/342.pdf\" style=\"\" rel=\"noopener\">first publicly released PMI (pdf)<\/a> showed an increase to 53.2, up from 52.7;<\/li>\n<li>The UAE <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/343.pdf\" style=\"\" rel=\"noopener\">PMI (pdf)<\/a> dipped to 56.9, down from 57.1;<\/li>\n<li>The Egypt <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/341.pdf\" style=\"\" rel=\"noopener\">PMI (pdf)<\/a> rose slightly to 47.6, up from 47.1;<\/li>\n<li>The Qatar <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/327.pdf\" style=\"\" rel=\"noopener\">PMI (pdf)<\/a> dipped to 50.6, down from 51.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/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=\"85061\" 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=\"85061\">\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\">ENTERPRISE EXPLAINS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/how-football-helped-the-pif-shape-itself-into-a-major-global-sports-power\/\">\r\n                            How Saudi\u2019s PIF has shaped itself into a major global sports power                        <\/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\/04\/04\/how-football-helped-the-pif-shape-itself-into-a-major-global-sports-power\/\" 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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But nowhere has its influence been more pronounced than in football, the world\u2019s most popular sport, where its growing influence has raised charges that the Kingdom is engaged in \u201csportswashing.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the words of Crown Prince and Prime Minister Mohamed bin Salman: <\/strong>\u201cWhen you want to diversify your economy, you have to work in all sectors \u2026 if you want to have tourism, you have to develop your culture, entertainment and sports sectors\u2026,\u201d the Crown Prince, who chairs the PIF, said in an interview (<a target=\"_blank\" href=\"https:\/\/www.foxnews.com\/video\/6337519179112\" style=\"\" rel=\"noopener\">watch, runtime: 33:23<\/a>) last year. \u201cSport used to contribute to Saudi GDP by 0.4%, now it\u2019s 1.5%,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIf sportwashing is going to increase my GDP by 1.5%, then I will continue to do <\/strong><strong>sportwashing<\/strong><strong>,\u201d<\/strong> the Crown Prince said in response to allegations that Saudi\u2019s spending spree on sports in general \u2014 and football in particular \u2014 are part of a concerted drive to reshape our image on the world stage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Newcastle was among the first to take big bucks from the PIF, with no time wasted:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/soccer-england-newcastle-idINL1N2R3228\/\" style=\"\" rel=\"noopener\">A<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/soccer-england-newcastle-idINL1N2R3228\/\" style=\"\" rel=\"noopener\">USD 408 mn<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/soccer-england-newcastle-idINL1N2R3228\/\" style=\"\" rel=\"noopener\">takeover<\/a> of English Premier League side Newcastle by a PIF-led consortium forever changed the club. It helped the Toons shift from being a mid-table side occasionally at risk of relegation to one that bumps shoulders with Mbappe\u2019s Paris Saint Germain in the UEFA Champions League \u2014 the Toons routed PSG 4-1 in their first ever matchup in Tyneside.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The PIF has so far injected close to USD 1 bn into the club<\/strong>, with the acquisition setting them back more than <a target=\"_blank\" href=\"https:\/\/bleacherreport.com\/articles\/10014255-newcastle-united-officially-sold-to-saudi-backed-ownership-group-in-415m-deal\" style=\"\" rel=\"noopener\">USD 400 mn<\/a> and transfers costing them up to USD 474 mn. Some USD 109 mn of that figure was spent in their first transfer window of owning the club, according to <a target=\"_blank\" href=\"https:\/\/www.footballtransfers.com\/en\/transfer-news\/uk-premier-league\/2023\/09\/newcastle-saudi-arabia-pif-total-spending-transfer-fees-signings\" style=\"\" rel=\"noopener\">FootballTransfers<\/a>. The following year, they dished out USD 200 mn, with USD 75.5 mn going for Swedish star Alexander Isak.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Something smells like City here: <\/strong>The PIF\u2019s entry to football is often compared to its peers in Abu Dhabi, which <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/abf1a412-784f-11dd-acc3-0000779fd18c\" style=\"\" rel=\"noopener\">acquired a 90% stake<\/a> in Manchester City in 2008 at a transaction valued at EUR 200 mn. The takeover by the Abu Dhabi United Group (ADUG), an investment company for the Abu Dhabi royal family, helped transform the club with multiple key transfers that helped it break records to become the first English football team to win the treble since their rival Manchester United in 1999.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All roads lead to Roma: <\/strong>Serie A side AS Roma is the latest club PIF is coveting, with <a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/davidferrini\/2024\/02\/09\/negotiations-underway-as-saudis-offer-14-billion-for-serie-a-club\/?sh=6a5559bf46d2\" style=\"\" rel=\"noopener\">Forbes<\/a> reporting that \u201cnegotiations are underway\u201d for a near USD 1 bn acquisition, which could be extended by an additional <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a1f91616-7ba4-4502-ac73-0f8353874f4d\/pif-eyeing-starbucks-mideast,-roma-%2B-usd-1-bn-chinese-vc-fund\" style=\"\" rel=\"noopener\">USD 325 mn<\/a> to build a new stadium in Rome. Serie A clubs have since been on the PIF\u2019s radar for a while now, with the Kingdom hosting multiple Italian football clubs events. Three of the earlier five Italian Super Cup Finals were held in the Kingdom. The Lega Serie A also plans to open a new office in Riyadh <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/italys-top-flight-football-league-lega-serie-a-announces-first-mena-office-with-xdubai-collaboration-j99p9nu0\" style=\"\" rel=\"noopener\">after opening<\/a> its first base in the region in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big bucks abroad, big bucks at home: <\/strong>The PIF\u2019s football push is also being directed at the local football scene privatization. Top clubs Al Ittihad, Al Ahli, Al Nassr, and Al Hilal <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9\/%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/4761746-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D9%81%D8%AA%D8%AD-%D8%A7%D9%84%D8%A8%D8%A7%D8%A8-%D8%A3%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D8%AC%D9%87%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%A3%D9%86%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">were transferred to the PIF<\/a> last June. The four clubs have been reshaped as corporations in which PIF holds a 75% stake, with the remaining 25% being up for grabs via their general assemblies. A second wave of football privatization is in the works, Deputy Sports Minister Bader Alkadi said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2de424a1-8d9b-4c27-892f-ff2a08436a20\/expect-plenty-more-investment-in-saudi-football\" style=\"\" rel=\"noopener\">last month<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With even more top global player transfers:<\/strong> More players are inbound, joining the likes of Karim Benzema, Cristiano Ronaldo and Neymar, according to officials. It remains unclear if the transfers would be of the same caliber as their predecessors, but Liverpool star Mo Salah is among those names that could be coming to Saudi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And then there\u2019s the biggest target of them all: The World Cup: <\/strong>Saudi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5ebe6ea6-8307-4ca4-84d1-a43a783d2e48\/leap,-deepfest-and-the-efg-hermes-one-on-one-set-up-a-very-busy-week-before-ramadan\" style=\"\" rel=\"noopener\">officially kicked off<\/a> in March its bid to host the 2034 FIFA World Cup. It\u2019s a foregone conclusion that the cup is coming here: The Kingdom has been <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/soccer\/saudi-arabia-sole-bidder-host-2034-world-cup-fifa-confirms-2023-10-31\/\" style=\"\" rel=\"noopener\">confirmed the sole bidder<\/a> after Australia said it would not be throwing its hat in the ring. Officials have already begun refurbishing sports facilities and stadiums for the tournament. The Fifa Congress should confirm Saudi is the official host by the end of this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no visible ceiling to the scope of the PIF\u2019s ambitions to become a major global <\/strong><strong>sports power<\/strong> as it eyes investments in tennis, golf and others. It signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/20825c2e-d32f-4158-b2ba-15642c79a5e9\/game,-set,-match-to-pif\" style=\"\" rel=\"noopener\">\u201cmulti-year strategic partnership\u201d<\/a> with ATP Tour in February to become the official naming partner of ATP rankings and partner in several ATP Tour events. Saudi is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/63200ca0-8687-4aaa-a93e-7fbb76261cf3\/aramco-wants-to-become-china%25e2%2580%2599s-partner-of-choice-on-more-than-just-oil\" style=\"\" rel=\"noopener\">also<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/63200ca0-8687-4aaa-a93e-7fbb76261cf3\/aramco-wants-to-become-china%25e2%2580%2599s-partner-of-choice-on-more-than-just-oil\" style=\"\" rel=\"noopener\">looking to bid<\/a> for the hosting of the ATP Masters 1000 event. It is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/206a81f2-d261-4c5d-8de9-64077751d6e3\/tennis-icon-john-mcenroe-doesn%25e2%2580%2599t-object-to-pif%25e2%2580%2599s%253cmark%253e-tennis-%253c%2Fmark%253eambitions,-but-he-doesn%25e2%2580%2599t-want-an-all-year-season,-either\" style=\"\" rel=\"noopener\">also seeking<\/a> to run a tennis event featuring the world\u2019s best players before the Australian Open in January. The women\u2019s tennis tour is also on the fund\u2019s radar as it eyes hosting rights for the 2024 WTA finals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And talks on a merger of PIF-backed upstart Liv Golf and the PGA and European tours is <\/strong><strong>still in the cards<\/strong>, with a \u201cconstructive\u201d meeting in the Bahamas <a target=\"_blank\" href=\"https:\/\/golfweek.usatoday.com\/2024\/03\/19\/pga-tour-saudi-arabia-pif-meeting-bahamas\/\" style=\"\" rel=\"noopener\">last month<\/a> between PIF and PGA Tour.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/enterprise-explains\/\">ENTERPRISE EXPLAINS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85063\" 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=\"85063\">\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\">RETAIL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/\">\r\n                            Cenomi Retail to divest up to 18 more brands this year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/')\">\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\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/\">\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=Cenomi Retail to divest up to 18 more brands this year&url=https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/\">\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\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/&title=Cenomi Retail to divest up to 18 more brands this year\">\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=Cenomi+Retail+to+divest+up+to+18+more+brands+this+year+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F04%2F04%2Fcenomi-retail-to-divest-up-to-18-more-brands-this-year%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\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85064\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/cenomi-retail-to-divest-up-to-18-more-brands-this-year\/263-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"263.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85063\" class=\"content-area-description single-story post-85063 post type-post status-publish format-standard has-post-thumbnail hentry category-retail tag-aleph tag-cenomi-retail tag-decathlon tag-enterpriseam-ksa tag-flying-tiger-copenhagen tag-retail tag-zara 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\/4\/.6f5dab8d-d2b9-43a8-a354-eece25cf4cef.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cenomi Retail are planning to wrap up the sale of an additional 18 brand <\/strong><strong>assets this year<\/strong> as it pushes forward with a rationalization strategy, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/cenomi-retail-on-track-to-deliver-turnaround-strategy-usxvrzkx\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. It's the third phase of a program that kicked off last year as Saudi\u2019s largest franchise retailer looks to optimize operations by downsizing its brand portfolio and focusing on its most successful names.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The third phase, which will see the sale or exit of \u201cnon-core brands,\u201d will include Cenomi Retail\u2019s Apple premium reseller Aleph, makeup brand KIKO, sports retailer Decathlon, and variety store chain Flying Tiger Copenhagen, among others. The retail giant hopes to rake in SAR 650 mn in proceeds, according to the statement. The completion of Cenomi Retail\u2019s program will shrink its core portfolio to 13 brands from an earlier 75 with its store footprint down to 367 from a current 1.05k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cenomi said it will prioritize top-tier fashion and food and beverages brands<\/strong> including Inditex brands such as Zara. The retailer has plans to boost its offerings of Cinnabon, Subway and Jamba.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was happening: <\/strong>Cenomi Retail\u2019s BoD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1322a437-1d03-4cdf-9aab-af8cee0e376d\/%253cmark%253ecenomi-retail-%253c%2Fmark%253ebids-farewell-to-more-brands-in-sale-to-al-othaim-unit\" style=\"\" rel=\"noopener\">approved this week a program<\/a> that it said would include the sale of an additional 24 brands under its turnaround strategy without providing further details. The announcement came as the BoD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a18231c4-4bae-406a-a687-f9be2736fc0c\/earnings-season-comes-to-a-close\" style=\"\" rel=\"noopener\">recommended lowering the company\u2019s capital<\/a> to SAR 100 mn as part of a capital restructuring to \u201coffset accumulated losses\u201d which came in at SAR 1.1 bn in FY 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Cenomi Retail said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1322a437-1d03-4cdf-9aab-af8cee0e376d\/Cenomi-Retail-bids-farewell-to-more-brands-in-sale-to-Al-Othaim-unit\" style=\"\" rel=\"noopener\">earlier this week<\/a> that it is selling more franchise rights to Abdullah Al Othaim Fashion, adding five brands to a sale agreement it inked back in December for additional consideration of SAR 219 mn. The move comes a few months after it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f9c89ad2-6563-41b2-9149-c519a16b58a6\" style=\"\" rel=\"noopener\">wrapped up a strategic sale<\/a> of its fashion subsidiary Innovative Outfit Trading along with franchise rights for 16 brands to Al Othaim. The transactions are valued at an aggregate price of SAR 360 mn, including estimated inventory consideration, according to the retailer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cenomi Retail is the largest franchise retailer in the Kingdom and the only listed <\/strong><strong>business of its type in the region<\/strong>. The retailer is currently active in 1k stores across 326 malls in nine countries, with brands spanning womenswear, menswear, kids and baby, department stores, shoes and accessories and cosmetics. This is in addition to operating a number of restaurants and coffee shops including Subway and Cinnabon.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aleph\/\">Aleph<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cenomi-retail\/\">Cenomi Retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/decathlon\/\">Decathlon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/flying-tiger-copenhagen\/\">Flying Tiger Copenhagen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/retail\/\">Retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zara\/\">Zara<\/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=\"85065\" 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=\"85065\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/national-water-company-awards-major-hydraulic-infrastructure-contract-to-spains-ayesa\/\">\r\n                            The PIF-owned National Water Company awards EUR 95 mn sustainable water infrastructure contract to Spain\u2019s Ayesa                        <\/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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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/national-water-company-awards-major-hydraulic-infrastructure-contract-to-spains-ayesa\/\">\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=National Water Company awards major hydraulic infrastructure contract to Spain\u2019s Ayesa&url=https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/national-water-company-awards-major-hydraulic-infrastructure-contract-to-spains-ayesa\/\">\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 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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\/04\/04\/national-water-company-awards-major-hydraulic-infrastructure-contract-to-spains-ayesa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/330.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85066\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/national-water-company-awards-major-hydraulic-infrastructure-contract-to-spains-ayesa\/330-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/330.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"330.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/330.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/330.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85065\" class=\"content-area-description single-story post-85065 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-ayesa tag-enterpriseam-ksa tag-infrastructure tag-national-water-company-nwc tag-public-investment-fund-pif 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\/4\/.548619f2-8853-441e-ad5b-c9ab801554d8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF-owned National Water Company (NWC) has awarded a EUR 95 mn <\/strong><strong>contract to Spanish tech and engineering company Ayesa<\/strong> to design 190 sustainable sanitation and drinking water projects across the Kingdom, Ayesa said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/409.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a>. <strong>The full-scope project, including this contract, has a capex allocation of EUR 5 bn.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>The NWC has pledged to invest EUR 200 bn by 2030 into a comprehensive water cycle infrastructure across the Kingdom in a bid to boost the provision of safe drinking water and delivery of effective sanitation services, the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Design + environmental consultancy services: <\/strong>Ayesa will design hydraulic infrastructure across four regions \u2014 south, west, northwest, and north \u2014 including storage tanks, pumping stations, treatment plants, purification facilities, and distribution networks with the goal of increasing the quality and reliability of clean water networks.<strong> Ayesa will also provide environmental impact assessment and ecological assessment<\/strong> during the construction bidding phase. The company also says it will make sure the energy consumption is optimized throughout the water treatment process and materials procurement. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ayesa\/\">Ayesa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-water-company-nwc\/\">National Water Company (NWC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/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=\"85067\" 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=\"85067\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/emaar-the-economic-city-names-new-ceo\/\">\r\n                            Abdulaziz Alnowaiser appointed as Emaar, The Economic City\u2019s new CEO                        <\/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\/04\/04\/emaar-the-economic-city-names-new-ceo\/\" 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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<\/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\/04\/04\/emaar-the-economic-city-names-new-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/415.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85068\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/emaar-the-economic-city-names-new-ceo\/415-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/415.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"415.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/415.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/415.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85067\" class=\"content-area-description single-story post-85067 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-abdulaziz-alnowaiser tag-emaar tag-enterpriseam-ksa tag-moves tag-the-economic-city 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\/4\/.2d08efb2-557c-48fd-8d57-90f502850687.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Emaar, The Economic City\u2019s (EEC) has appointed Abdulaziz Alnowaiser <\/strong><strong>(<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/abdulaziz-alnowaiser-757a65102\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">Linkedin<\/a><\/strong><strong>) as its<\/strong><strong> new CEO, effective 1 May<\/strong>, the real estate developer 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\/lVDLbsIwEPyWHjiCN0SEtDe3qAHEs4ECuSDHWUKkJI4cB0q_vg6piqBQUcsH73hmdnaJR5bES9kuCpmKRMpiXa88a92iFjS7NoyhO3sBC1zHms9so9O0yOKcYA8dC6YjOh032y1w3oF4_9KDO2nB9HUyNAfwBg5Y9-nhxqF39PfOKWP62NYJ-s9Ob0BN22pfEq6MeNHk9wxHwh8h-8QLY-FXC6epb9oh8SRuUKJsFFLDW6Wy_KkGNdjv941QiDDGBhdJDa5JtiJXZHnOJC6mx3W1b-6jZ5CFxFwUkiN5C1HRNBVFyjHBVA2iXHWYYmTKGd_iAHcYT1iIxC3nY8EuyoXMSxZZ1Y0Sy5ErITtZL_hBDokvYrIq35kUQcHV7JBhBSih7b_fmTZ2o09dGVBZMcm3J275PyoSH2XH15wS2kiRnAxYmZyXuSuRsa4SKPxQ7tGs4gVaMUEZCZ2RZMl8voSoV_f8g2kmNLHN87unD19eiZLV\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC80MjIwL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5Mjc1\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. Alnowaiser\u2019s most recent role was CEO of Tahakom Investments, a wholly owned subsidiary of the PIF. He previously served as M&A advisor and vice-president finance (CFO) at Solutions by STC. He was also Al Othaim Real Estate Investments\u2019 CFO and House of National Consulting Company\u2019s CEO. EEC is linked to Dubai\u2019s real estate property giant Emaar.!<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/abdulaziz-alnowaiser\/\">Abdulaziz Alnowaiser<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/emaar\/\">Emaar<\/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\/the-economic-city\/\">The Economic City<\/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=\"85069\" 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=\"85069\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/a-little-bit-of-renewable-energy-some-evs-and-yaqeen-capitals-etf-gets-the-green-light\/\">\r\n                            Partial commercial operation begins at Acwa Power\u2019s Sirdarya CCGT power plant in Uzbekistan. Plus: electric vehicles, debt and capital markets                        <\/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\/04\/04\/a-little-bit-of-renewable-energy-some-evs-and-yaqeen-capitals-etf-gets-the-green-light\/\" 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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Some 461 MW will be added, bringing total online capacity under commercial operation to 918 MW out of the project\u2019s planned 1.5 GW capacity. Acwa Power owns 51% of the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background<\/strong>: Acwa Power signed with Uzbekistan\u2019s Energy Ministry <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-signs-milestone-agreements-with-ministry-of-energy-of-uzbekistan\/\" style=\"\" rel=\"noopener\">in 2020<\/a> a USD 1.2 bn, 25-year power purchase agreement for the development and operation of the 1.5 GW CCGT power plant in Sirdarya. The project <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-signs-financing-package-for-usd1-billion-gas-power-project-in-uzbekistan\/\" style=\"\" rel=\"noopener\">achieved financial close<\/a> in 2021 with USD 750 mn in loans provided by a syndicate of seven international banks, including EBRD, Standard Chartered, OPEC Fund for International Development and others. Acwa Power sold a 49% stake to China\u2019s Silk Road Fund (SRF).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Power and automation technologies provider&nbsp;<\/strong><strong>ABB<\/strong><strong> aims to raise its exports to Saudi <\/strong><strong>to USD 40 mn by the end of the year<\/strong>, from USD 2 mn last year, its Local Division Manager in Egypt Mohamed Salem told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/62337\/abb-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-40-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D9%84%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. He said the local market was the second biggest for the company after the Egyptian market with projects with the private sector in Neom, airports and ports infrastructure and others. ABB has secured USD 15 mn in low and medium-voltage networks and panels orders from Saudi in the first quarter of the year, he said, with the firm eyeing a business volume of USD 20 mn to USD 30 mn by the end of this year.<\/p>\n<p class=\"tag-border-left\">ELECTRIC VEHICLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US\u2019s Canoo to supply Jazeera Paints with EVs: <\/strong>American EV company <a target=\"_blank\" href=\"https:\/\/www.canoo.com\/\" style=\"\" rel=\"noopener\">Canoo<\/a> has inked a vehicle sales agreement with local paint manufacturer <a target=\"_blank\" href=\"https:\/\/jazeerapaints.com\/\" style=\"\" rel=\"noopener\">Jazeera Paints<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.press.canoo.com\/press-release\/canoo-enters-a-30-billion-market-with-multiple-commercial-vehicle-sales-in-saudi-arabia\" style=\"\" rel=\"noopener\">press release<\/a>. Jazeera Paints will initially purchase 20 of Canoo\u2019s LDV 130 and LDV 190 delivery vehicles in 2024, with the option to expand by up to 180 more. The vehicles mark Canoo's first international sales to the Kingdom, leveraging Canoo's recently approved Foreign Trade Zone to reduce unit costs and increase profit margins.<\/p>\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jubail Chemical Industries (JANA) \u2014 a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/nama.com.sa\/about\/overview\/\" style=\"\" rel=\"noopener\">Nama Chemicals<\/a><\/strong><strong> subsidiary \u2014 <\/strong><strong>signed a SAR 35 <\/strong><strong>mn short-term Murabaha facility agreement with the Saudi Export Import Bank<\/strong> (Saudi EXIM) to finance its working capital, the parent company said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/5n6ba7xh\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a> yesterday. The agreement, backed by a promissory note, expires on 9 October 2024, with a possibility of extension. <\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local fund manager Yaqeen Capital\u2019s exchange traded fund \u2014 Yaqeen S&amp;P ESG MENA <\/strong><strong>ETF \u2014 is all cleared for trading on the main market Tadawul&nbsp;<\/strong>after obtaining an approval from the Capital Market Authority (CMA), according to <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3529.aspx\" style=\"\" rel=\"noopener\">a statement<\/a>.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Hammadi Holding sold a 35.6k sqm plot of land in Riyadh\u2019s Al Rayyan at a price of SAR 124.6 <\/strong><strong>mn to <\/strong><strong>Emaar Ocean<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZFNb4JAEIZ_Sw-eZwRZ1t4WxBUjIAIV9mLW2lASPoyhGv99t5o0KRbD3jZ53pn3yYCAFEQtz0Uu26KpZan-mSA7gxHUFhQDXMQ2Eow4SWI6nrk6bDtAtDYwnK89fYUb5EhADMljz2M4LP8LUI8TDH0WBpppIH8bkBd_ET7XHGUwtcKZw8fIzS7wj-INeObwtIVGukDApqZasbS4u2I6JQ8dHjWXIPKy2d9P9tm2x9cRjrCVB3n5KkeqwntTHWV9ja7VvlHQBNHsQ2Vd27KFdNwPuAdIzak2oZCpA5i9biGB7bn4uEBSN6dKtYt-VJjvB4lvO57jxzs_8SxnA9l9nOg2zW5NY-X_dEskT3CskiTFwi3W1Za2xt7IK6ob7OUbwP6CJg!!\/dz\/d5\/L0lHSkovd0RNQUxrQUVnQSEhLzROVkUvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The sale comes under Al Hammadi\u2019s plan to solidify financial position and future growth plans, it said.<\/p>\n<p class=\"tag-border-left\">ENTERTAINMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aeropact <\/strong><strong>is coming to Sand&amp;Fun airshow this year: <\/strong>The Saudi Aviation Club signed an agreement with Poland-based airshows organizer <a target=\"_blank\" href=\"https:\/\/aeropact.pl\/en\/\" style=\"\" rel=\"noopener\">Aeropact<\/a> to manage airshows at this year\u2019s edition of the <a target=\"_blank\" href=\"https:\/\/sandnfun.com\/\" style=\"\" rel=\"noopener\">Sand&amp;Fun<\/a> aviation show, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2078082\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. It will feature 100+ civil and military aircraft from 19-23 November later this year at Thumamah Airport.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/entertainment\/\">entertainment<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85071\" 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=\"85071\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/goldbug-nation\/\">\r\n                            Traders don\u2019t know why gold is on a tear                        <\/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\/04\/04\/goldbug-nation\/\" 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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Possibilities include:<\/p>\n<ul>\n<li>A move into gold as <strong>a hedge against volatility<\/strong> (tense elections around the world this year, Chinese rhetoric on Taiwan, uncertainty about the regional banking industry in the US);<\/li>\n<li><strong>Momentum traders <\/strong>piling into the asset class as it continued to climb;<\/li>\n<li><strong>Retail \u201cstealth buyers,\u201d <\/strong>whose transactions are more difficult to track (think: heavy retail demand in countries like China and Egypt).<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So is gold going to tumble? It\u2019s a split decision.<\/strong> Some pundits worry that if they don\u2019t understand what\u2019s driving the market, it\u2019s a sign we\u2019re due for a correction. A Standard Chartered analyst, on the other hand, says, \u201cIt does look like we have new [durable] appetite in the gold market. There are too many unknown events that investors want to hedge for,\u201d she said, citing elections, risks of conflict escalation or the return of a banking crisis.<\/p>\n<p class=\"tag-border-left\">INTEREST RATE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rate watchers on both sides of the Atlantic were reading the sheep\u2019s entrails yesterday<\/strong>, parsing Eurozone inflation data and Fedspeak for signs of when we might see rate cuts in advanced economies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In Europe: <\/strong>Inflation is expected to fall 0.2 percentage points to 2.4% in March on average across the Eurozone, according to <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/eurostat\/en\/web\/products-euro-indicators\/w\/2-03042024-ap\" style=\"\" rel=\"noopener\">preliminary estimates<\/a> released yesterday by the EU statistics agency Eurostat. Falling inflation will bolster expectations that the European Central Bank will cut interest rates <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/427578a6-27dd-4cca-90e8-e290e21439f4\" style=\"\" rel=\"noopener\">as early as June<\/a>, but not at next week\u2019s meeting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In Amreeka: <\/strong>Jay Powell <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/04\/03\/feds-powell-emphasizes-need-for-more-evidence-that-inflation-is-easing-before-cutting-rates.html\" style=\"\" rel=\"noopener\">says<\/a> \u201cit is too soon to say whether the recent [inflation] readings represent more than just a bump. We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2%.\u201d We should see rate cuts this year, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/powell-still-sees-room-for-the-fed-to-cut-rates-this-year-6621eb27?mod=hp_lead_pos2\" style=\"\" rel=\"noopener\">commentocracy<\/a> thinks, but it\u2019s anyone\u2019s guess when. <\/p>\n<p class=\"tag-border-left\"> THE MARKET THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kospi and Nikkei are both up in early trading this morning<\/strong>, but markets are closed in Shanghai and Hong Kong as China observes the Qingming festival. It\u2019s also a national holiday in Taiwan. US and European futures inched higher overnight. The Dow has edged downward in the last three trading sessions, while the Nasdaq and S&amp;P 500 inched up yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sound smart: <\/strong>The Qingming festival is sometimes called the \u201ctomb-sweeping festival\u201d in the Western press. Families get together to spruce up their ancestors\u2019 graves and will traditionally leave commemorative offerings including incense sticks, flowers, folder paper creations, and food. <\/p>\n<p><a target=\"_blank\" id=\"t.03446ed91af43a8810f6238f05a8e2eb69f9b623\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,622<\/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\">+1.2% (YTD: +5.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,615<\/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\">+1.6% (YTD: +4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NomuC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">26,063<\/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: +6.3%)<\/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\">6.5% 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-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>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27,937<\/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\">0.0% (YTD: +12.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,209<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,240<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +4.4%)<\/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>S&amp;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\">5,212<\/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: +9.3%)<\/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>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\">7,937<\/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: +2.6%)<\/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\">5,069<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +12.1%)<\/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>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\">89.5<\/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\">1.84  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">2,299.70<\/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\">+0.83%<\/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\">65,696<\/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: +56.6%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The <strong>TASI&nbsp;<\/strong>rose 1.2% <strong>yesterday <\/strong>on turnover of SAR 8.3 bn. The index is up 5.5% 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> Salama (+6.6%), Jabal Omar (+6.3%) and SSP (+6.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Cenomi Retail (-8.4%), Savola Group (-3.3%) and Saudi Cable (-2.7%).<\/p>\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The <strong>NomuC&nbsp;<\/strong>fell 0.3% <strong>yesterday <\/strong>on turnover of SAR 59.9 mn. The index is up 6.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:&nbsp;<\/strong>Al Mujtama Medical (+9.7%), Amwaj International (+7.1%) and Al Hasoob (+6.8).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:&nbsp;<\/strong>NBM (-9.4%), Riyadh Steel (-8.5%) and Al Rashid Industrial (-6.9%)<\/p>\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<\/strong><strong>- Shareholders of dairy giant Almarai have approved the distribution of a SAR 1 bn <\/strong><strong>dividend for <\/strong><strong>2023<\/strong> at SAR 1 apiece, it said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/26fppnyw\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a> yesterday. Dividends will be distributed Tuesday, 16 April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Pilgrimage sites developer J<\/strong><strong>abal <\/strong><strong>Omar<\/strong><strong> has submitted an application to the Capital <\/strong><strong>Market Authority (CMA) to raise its capital by SAR 547.5 mn <\/strong>through a debt conversion, 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_xQVbWhEQ3WFUjI-IEgPOxgw6jiQwQ3CU-PeOutL46q7tubc3BQIJEEHPGacqk4Lmul8Td-P4LlojD-fB0BrgYtjpLfqDoIkTG-JnAKPQ0UA4a01xiQG6QP7R44fy8beefEWC9ivwJuId-JJhDITnMn38wxdpy-NAKrZnFavMU6XHB6XKY9dAA-u6NrmUPGfmVhYGvpMc5FFB8kzeuJvL3UTRHa1PuVYTvSqpuESXIpX6kG05CBETUBarBLOwiD3lpLbfuAJp1KKJ\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83OTI4Mi9jb21wYW55U3ltYm9sLzQyNTAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The move, recommended by Jabal Omar\u2019s BoD <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lZFLc4IwFIV_TZedXLAgLrG0qIOKglXYOAGvyowQJkSm-usbxNZHq20ZFnBy7uN8ISGZkTCjZbKiImEZ3cj_INTnmqmD2jFgCB3_GXTwbH3iG4ql6mR6aTD6tg6jgTkaqk0N7Dcg4b_qwXM1GL26_YYDY7BB_1s93HjMX-cHsr5509BViEdCEkY7b5dGbEOCJ1WDWjGzjG2zGFPMBAmUSmzvPKQ8Xvu7HEkAcrnwcv7QbDVlvF7b7jpmw9Cb14Yf-F0l-A7oYLhDwMPsgOluzCnHgm15jGS8QnGezUkKYVFBySim8RodLHHj0hXWZOiiTArGi8pFgscDhgJjwbiVdxdfyhW9nLPFNhY1p0oQTI6Q34r6AA3lAVRQGwejHOQl--oE6tYnvsqnYbBNI-RWdJSWnKWnbnDWjVax4irUscO8Xk_gu6hvrt5mIatd5AmTAUieTiazvY_Rfpm_jFvaqlcOtIu3b34Aw4hFXg!!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzQyNTAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc3NDIz\/\" style=\"\" rel=\"noopener\">in December<\/a>, will see the developer convert the SAR 547.5 mn debt owed to creditors Central District Cooling Company and Makkah Construction and Development Company into ordinary shares.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gold\/\">Gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85073\" 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=\"85073\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/\">\r\n                            Saudi Arabia\u2019s most-watched mosalsalat of Ramadan 2024                        <\/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\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/\" 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\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/')\">\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\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/\">\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=The Kingdom\u2019s most-watched mosalsalat of Ramadan 2024&url=https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/\">\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\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/&title=The Kingdom\u2019s most-watched mosalsalat of Ramadan 2024\">\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=The+Kingdom%E2%80%99s+most-watched+mosalsalat+of+Ramadan+2024+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F04%2F04%2Fthe-kingdoms-most-watched-mosalsalat-of-ramadan-2024%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\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/767.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85074\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/04\/the-kingdoms-most-watched-mosalsalat-of-ramadan-2024\/767-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/767.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"767.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/767.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/767.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85073\" class=\"content-area-description single-story post-85073 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam-ksa tag-entertainment tag-media tag-on-your-way-out tag-ramadan 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\/4\/.df2902e7-779b-47ab-ae26-e8e6edb84f64.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fasting isn\u2019t the only shared experience we look forward to during Ramadan.<\/strong> Beyond the spiritual reflection lies another staple of the Holy Month: Entertainment. Our friends at <a target=\"_blank\" href=\"https:\/\/publicistinc.com\/\" style=\"\" rel=\"noopener\">Publicist Inc<\/a>, the regional communications and public relations firm headquartered in Egypt, compiled data from 24 sources and 34 reports to analyze entertainment habits in the MENA region, giving us insight into an season-specific industry worth USD bns every year.<\/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:\/\/ent.news\/2024\/4\/420.pdf\" style=\"\" rel=\"noopener\">Tap or click here to read the report (pdf)<\/a><\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is still the biggest producer of Ramadan serials<\/strong>, accounting for 58% of all regional output. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are we watching in the Kingdom?<\/strong> Five shows streaming on Shahid dominated the small screen this year, led by the Kuwaiti Zawga Wahida La Takfi. Khyout El Maazeeb, El Sharar, and Gak El Elm also made the cut, as did Egyptian entry Neama El Avocato.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The shows we spent the most time Googling:<\/strong><\/p>\n<ul>\n<li>Al Sharar<\/li>\n<li>Zawja Waheda La Takfi<\/li>\n<li>Ne\u2019ma El Avocato<\/li>\n<li>Haq Arab<\/li>\n<li>El Atawla<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Period dramas stole the spotlight:<\/strong> The most popular genre in The Kingdom was the period drama, \u201cshowcasing a significant leap in production value and quality compared to past years,\u201d Publicist says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi serials edge out Kuwait for most popular GCC-produced shows this season:<\/strong> The improved production values are making a dent in the GCC market, where Saudi shows have pulled ahead in viewership to dethrone Kuwaiti productions as the most popular series to emerge from GCC production houses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While four actresses garnered praise for their performances, the public eye turned <\/strong><strong>toward international celebrities\u2019 involvement in Ramadan campaigns.<\/strong> Lubna Bokhamsen, Maryam Hussain, Amal Alrmdan, and Reem Abdallah were commended for their acting chops, but Messi and Cristiano claimed center stage for their ad work for Sayyar and Noug.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/entertainment\/\">entertainment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ramadan\/\">Ramadan<\/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=\"85075\" 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\/04\/04\/85075\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85075\" class=\"content-area-description single-story post-85075 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;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">5 April (Friday): Start of Eid Al Fitr vacation for banks and stock market<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-11 April (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b222obq-abu-dhabi-host-saudi-super-cup-april#:~:text=ABU%20DHABI%2C%209th%20March%2C%202024,East%20outside%20of%20Saudi%20Arabia.\" style=\"\">Saudi Super Cup<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/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;\">9 April (Tuesday): Start of Eid Al Fitr vacation for businesses<\/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;\">13 April (Friday): Last day of Eid Al Fitr \u2014 it\u2019s business as usual from Saturday onward. <\/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>16 April (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mos.gov.sa\/en\/mediacenter\/eventscenter\/Pages\/eventdetails.aspx?ItemID=69\" style=\"\">FEI World Cup Equestrian<\/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>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 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>28-30 April (Sunday-Tuesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/isdbg-psf.org\/\" style=\"\">Islamic Development Bank (IsDB) Group Private Sector Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>30 April-2 May: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/automechanika-riyadh.ae.messefrankfurt.com\/riyadh\/en.html\" style=\"\">Automechanika Riyadh<\/a><\/span><span style=\"font-weight:400;\"> 2024 at Riyadh International Convention and Exhibition Center.<\/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;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-5 May (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/townhall-exhibition-kicks-off-next-may-in-riyadh-with-targeted-sales-of-2bln-pounds-srwjmorx\" style=\"\">Townhall Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-9 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartmanufacturing.com\/\" style=\"\">Saudi Smart Manufacturing<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-9 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartlogistics.com\/\" style=\"\">Saudi Smart Logistics<\/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>13-15 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.smartfuturexpo.com\/\" style=\"\">Smart Future Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 May (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.meed.com\/event\/saudigigaprojects\/\" style=\"\">Saudi Giga Projects<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 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>20-21 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fpf.sa\/en\" style=\"\">Future Projects Forum<\/a><\/span><span style=\"font-weight:400;\">, Four Seasons Hotel, 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>4-7 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudisportshow.com\/\" style=\"\">Saudi Sports 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>4-7 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aqaratexpo.com\/en\/home\/\" style=\"\">Aqarat Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14-22 June (Friday-Saturday): Banks and capital markets closed for Eid Al Adha 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;\">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>17-19 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto 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>24-26 September (Tuesday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiinfrastructureexpo.com\/\" style=\"\">Saudi Infrastructure Expo<\/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 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;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-23 November<\/span><span> (Tuesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sandnfun.com\/\" style=\"\">Sand&Fun Aviation Show<\/a><\/span><span style=\"font-weight:400;\">, Thumamah Airport.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiarabia-energy.com\/en\/home.html\" style=\"\">Saudi Electricity Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cityscapeglobal.com\/en\/home.html\" style=\"\">Cityscape Global<\/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;\">DECEMBER<\/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;\">2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification, 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 style=\"font-weight:400;\">The AFC Champions League Elite<\/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;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-13 February (Monday-Thursday): Leap 2025, the Kingdom\u2019s premier tech investment conference<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Boudl says it\u2019s going public. Saudi series lead GCC productions. PIF\u2019s football play. Sullivan stays home with cracked rib. Why is gold on a tear?<\/p>\n","protected":false},"featured_media":85055,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-85054","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e47462ec-5932-4bde-b314-b3f9075ec8ba","teaser":"Boudl says it\u2019s going public. Saudi series lead GCC productions. PIF\u2019s football play. Sullivan stays home with cracked rib. 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