{"id":85252,"date":"2024-04-17T00:00:00","date_gmt":"2024-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=85252"},"modified":"2025-12-14T17:52:08","modified_gmt":"2025-12-14T17:52:08","slug":"spinneys-eyeing-ipo-is-opening-four-stores-in-saudi-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/spinneys-eyeing-ipo-is-opening-four-stores-in-saudi-this-year\/","title":{"rendered":"Spinneys, eyeing IPO, is opening four stores in Saudi this year"},"content":{"rendered":"<section id=\"85254\" 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=\"85254\">\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\/17\/brace-yourselves-for-nasty-weather-this-morning\/\">\r\n                            THIS MORNING: Saudi, UAE brace for another day of nasty weather, with dust and thunder storms in the cards for much of the Kingdom                        <\/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\/17\/brace-yourselves-for-nasty-weather-this-morning\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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It didn\u2019t rain lizards and frogs in the UAE yesterday, but <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/Iam_njd\/status\/1780270396756959532\" style=\"\" rel=\"noopener\">flying patio<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/Iam_njd\/status\/1780270396756959532\" style=\"\" rel=\"noopener\">furniture was a thing<\/a><\/strong> as torrential rain led to power outages, flooding, and property damage in Dubai. Water coursed through the <a target=\"_blank\" href=\"https:\/\/twitter.com\/chatwithcharles\/status\/1780221269721391502\" style=\"\" rel=\"noopener\">Mall of the Emirates<\/a> and a <a target=\"_blank\" href=\"https:\/\/twitter.com\/chatwithcharles\/status\/1780221273672413610\" style=\"\" rel=\"noopener\">conference in festival city<\/a>. Runways at Dubai International Airport were also flooded, prompting a 25-minute shutdown and the cancellation of dozens of flights. And cars did their best submarine imitation on major roadways.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>In context: <\/strong>It was the <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-witnesses-record-breaking-rains-highest-in-75-years\" style=\"\" rel=\"noopener\">most single-day rainfall<\/a> the UAE has seen in 75 years.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>We\u2019re not feeling smug, though: We\u2019re looking at a nasty day here. <\/strong>The national weather center is <a target=\"_blank\" href=\"https:\/\/ncm.gov.sa\/ar\/alert\/pages\/MapDetail.aspx?AlertId=49641&VId=33.0\" style=\"\" rel=\"noopener\">warning<\/a> that most regions in the Kingdom will face rain and sand storms today. Meanwhile, Oman is still grappling with heavy flooding that <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/uae-oman-rains-flooding-fatalities-7bf3881efbea998dfa4c1ed8d538217c\" style=\"\" rel=\"noopener\">killed at least 18 people<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><a id=\"wwtt3\"><\/a>  <strong>#1- Companies relocating their regional HQs to Saudi could be subject to <\/strong><strong>zakat <\/strong>depending the how much stock is held by domestic or GCC individuals who are subject to the 2.5% zakat at the end of the financial year, new <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1111.pdf\" style=\"\" rel=\"noopener\">guidelines on the Regional Headquarters Program (RHQ)<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1111.pdf\" style=\"\" rel=\"noopener\">from Zatca (pdf)<\/a> showed. The rules also make clear that the the 30-year no-income tax window only applies to licensed activities by foreign firms looking to relocate here. All other revenue-generating business activities of the RHQ within the Kingdom will be taxed.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <strong>#2- Crown Prince and Prime Minister Mohamed bin Salman is working the phone lines as <\/strong><strong>Arab leaders try to tamp down prospects of a broader conflict <\/strong>involving Israel and Iran. UAE President Sheikh Mohamed bin Zayed Al Nahyan phoned Prince Mohammed yesterday to discuss how to prevent the conflict from spiraling further, state news agency <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/en\/N2085092\" style=\"\" rel=\"noopener\">SPA reported<\/a> overnight. The subject also led the crown prince\u2019s call yesterday with Qatar\u2019s Sheikh Tamim bin Hamad Al Thani, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2085080\" style=\"\" rel=\"noopener\">SPA said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#3- PIF-owned agricultural and livestock investment firm Salic is planning <\/strong><strong>investments <\/strong><strong>in Pakistan\u2019s food and commodities sectors<\/strong> with a focus on rice, its CEO Suleiman Al Rumaih told Al Arabiya in an interview (<a target=\"_blank\" href=\"https:\/\/twitter.com\/AlArabiya_KSA\/status\/1780182187855241439\" style=\"\" rel=\"noopener\">watch, runtime: 1:07<\/a>). \u201cWe\u2019ve been offered more than one opportunity which we\u2019re planning to examine carefully. We look forward to joint investments in the near future,\u201d Al Rumaih said, without providing further details.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>BACKGROUND- PIF companies have been spearheading the Kingdom\u2019s drive to bolster <\/strong><strong>food security.<\/strong> Salic acquired a 10.7% stake in Brazilian food processor BRF through a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/idUSL1N38Q0Q5\/\" style=\"\" rel=\"noopener\">follow-on share offering<\/a> in July last year. Halal Products Development Company <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brazils-brf-formalizes-halal-jv-ties-with-saudi-arabia-strengthen-2023-08-02\/\" style=\"\" rel=\"noopener\">formed a joint venture<\/a> with BRF in August to help develop the halal meat industry in the region.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">!_InserLine_!<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><a id=\"wwtt1\"><\/a> <strong>#4- Riyadh-based construction and mining firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alrasheedco.com.sa\/\" style=\"\" rel=\"noopener\">Mohammed Hadi Al-Rasheed<\/a><\/strong><strong> has <\/strong><strong>issued <\/strong><strong>a supplementary prospectus for its planned offering <\/strong><strong>on parallel<\/strong><strong> market Nomu<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1719849\" style=\"\" rel=\"noopener\">Argaam<\/a> reported yesterday. It added Al Rajhi Capital and Saudi Fransi Capital to its list of receiving banks.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>BACKGROUND- <\/strong>Mohammed Hadi Al-Rasheed said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b157eaa5-e651-4c5e-9e50-17a6190c92be\/al-rasheed-issues-a-prospectus-for-its-upcoming-ipo-on-nomu\" style=\"\" rel=\"noopener\">last month<\/a> that it is gearing up to float 1.44 mn ordinary shares on Nomu. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><a id=\"wwtt2\"><\/a> <strong>#5- Mawani wants port operators to up their operational efficiency game: <\/strong>Saudi Ports Authority has warned the operators of the Jeddah and Dammam ports that it would fine them SAR 10k for each container that is not in-compliance with the authority\u2019s timeline rules for carrying out customs procedures, resulting in operational delays, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/04\/15\/article_2717976.html\" style=\"\" rel=\"noopener\">Aleqtisadeyah<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>ALSO- <\/strong>Mawani is making it obligatory for importers to enter their data through its importing and exporting e-platform <a target=\"_blank\" href=\"https:\/\/www.fasah.sa\/trade\/home\/ar\/index.html\" style=\"\" rel=\"noopener\">Fasah<\/a> starting Wednesday, 1 May, it said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/MawaniKSA\/status\/1780198949845889485\" style=\"\" rel=\"noopener\">post on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#6- Jana Financial has gotten the okay to experiment <\/strong>with the distribution of investment and real estate funds as part of a fintech license, according to a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3533.aspx\" style=\"\" rel=\"noopener\">Capital Market Authority statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#7- Riyadh Season will become an official partner of the World Boxing Council <\/strong>under a new agreement, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2083534\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Strap yourselves in, folks: It\u2019s shaping up to be a very busy day for business news<\/strong> in our region and around the world. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#1- Are we in the \u201cTepid Twenties\u201d? <\/strong>That was the warning from IMF chief Kristalina Georgieva to officials and businesses around the world as we headed into this week\u2019s IMF and World Bank spring meetings. It\u2019s only by driving growth, harnessing AI, and dealing with climate change that we can turn them into the \u201cTransformational Twenties, she said.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Her caution runs through the latest update to the IMF\u2019s World Economic Outlook<\/strong>, which shares top billing on this morning\u2019s front pages (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/imf-lifts-growth-forecast-for-global-economy-but-warns-of-risks?srnd=homepage-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/04\/16\/imf-upgrades-global-growth-forecast-as-economy-proves-surprisingly-resilient-despite-downside-risks.html\" style=\"\" rel=\"noopener\">CNBC<\/a>) with Jay Powell\u2019s remarks on interest rates (below). <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The global economy will grow by 3.2% in this year and next<\/strong> \u2014 on par with last year \u2014 the IMF writes in the WEO. That\u2019s essentially the midpoint between the really slow growth we saw in the 2010s and the rapid growth we saw in the early years of this decade during the freemoney era. (We have more on the WEO\u2019s outlook for Saudi in this morning\u2019s news well, below.)<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The tent poles: <\/strong>The US economy will grow at a 2.7% clip, faster than most advanced economies, while China\u2019s GDP will expand at a 4.6% clip, unchanged from last year. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>A flashing red light: <\/strong>\u201cProgress toward inflation targets has somewhat stalled since the beginning of the year,\u201d IMF chief economist Pierre-Olivier Gourinchas <a target=\"_blank\" href=\"https:\/\/mediacenter.imf.org\/news\/imf-weo-presser-2024\/s\/62b263fc-2be9-4091-9f14-059a8c904b95\" style=\"\" rel=\"noopener\">said at a news conference<\/a> on the WEO yesterday. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#2- Enter Jay Powell, who \u201cdialed back expectations of a [US] rate cut\u201d <\/strong>in remarks that \u201ccalled into question whether the Federal Reserve will be able to lower interest rates this year without signs of an unexpected economic slowdown,\u201d the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/powell-dials-back-expectations-on-rate-cuts-00e3e5d0?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports. His worry: Inflation in the first quarter was higher than he\u2019d have liked. Powell\u2019s remarks also lead the front page of the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3d0ddbe1-4637-4262-ba40-934015606166\" style=\"\" rel=\"noopener\">Financial Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>ALSO MAKING HEADLINES THIS MORNING:<\/strong><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#3- In geopolitics: We\u2019re still waiting for Israel\u2019s next move on Iran <\/strong>after Tel Aviv\u2019s war cabinet yesterday <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/iaea-chief-worried-israel-could-strike-iran-nuclear-facilities-2024-04-15\/\" style=\"\" rel=\"noopener\">postponed<\/a> its meeting to today.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The hope in Western policymaking circles: <\/strong>That a basket of <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/04\/16\/iran-sanctions-israel-biden-yellen\" style=\"\" rel=\"noopener\">new sanctions on Iran<\/a> might convince Israel not to retaliate for Iran\u2019s drone and missile attack overnight Sunday (itself retaliation for an unprecedented attack by Israel on Iran\u2019s embassy in Syria). The sanctions will be unveiled \u201cin the coming days,\u201d the White House national security advisor <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/us-to-sanction-iranian-drone-program-after-attack-on-israel?srnd=homepage-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\">said<\/a> overnight.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#4- In business: Microsoft has made a massive USD 1.5 bn investment in the UAE\u2019s G42<\/strong>, arguably the region\u2019s most important AI firm, EnterpriseAM UAE reports. The transaction completes G42\u2019s pivot away from China and onto US technology, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/microsoft-invests-1-5-billion-in-uae-s-g42-will-get-board-seat?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a> notes. The story is also getting prominent play in the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/930a1c17-2e84-4ddb-8e72-4e4a1b833c40\" style=\"\" rel=\"noopener\">Financial Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Speaking of AI: Andreessen Horowitz has raised USD 7.2 bn to invest in AI-anchored <\/strong><strong>companies<\/strong>, the firm <a target=\"_blank\" href=\"https:\/\/a16z.com\/new-funds-new-era\/\" style=\"\" rel=\"noopener\">said in a note yesterday<\/a>.The high-profile VC\u2019s fund is among the biggest to close since the downturn in the VC \u201cecosystem\u201d began a couple of years back. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Big themes for the fund: <\/strong>Infrastructure, growth, games, apps, and \u201c <a target=\"_blank\" href=\"https:\/\/a16z.com\/american-dynamism\/\" style=\"\" rel=\"noopener\">American dynamism<\/a> \u201d (don\u2019t get us started). <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#1- Saudi\u2019s foreign reserve assets grew 4% y-o-y to SAR 1.7 tn in March 2024<\/strong>. Foreign reserve assets were also up 5% m-o-m, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1060.JPG\" style=\"\" rel=\"noopener\">SAMA figures<\/a>. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#1- TAX DAY COMETH-<\/strong> The Zakat, Tax and Customs Authority said businesses have until Monday, 29 April 2024, to submit their 2023 tax returns, according to <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1227.aspx\" style=\"\" rel=\"noopener\">a statement<\/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 style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";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 style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><a id=\"wwtt4\"><\/a> <strong>#1- <\/strong><strong>The much-anticipated clash between Al Hilal and UAE\u2019s Al Ain in the Asian <\/strong><strong>Champions League semi-final <\/strong>will be played today after it was pushed back yesterday due to \u201cadverse weather conditions\u201d in the UAE, the Asian Football Confederation said in a <a target=\"_blank\" href=\"https:\/\/www.the-afc.com\/en\/club\/afc_champions_league\/news\/latest_update_on_afc_champions_league_202324.html\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The match will be played at 7pm local time today.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#2- Proposed fixtures for 2025 Saudi Pro League season have been sent to clubs<\/strong> for review. The proposal sees the first SPL matchday set for 22 August. Clubs are looking at conflicts arising from participation in the AFC Champions League or any international tournament or games by the national team, <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\/4967696-%D8%B1%D9%88%D8%B2%D9%86%D8%A7%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D9%88%D8%B3%D9%85-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF-%D9%82%D8%A7%D8%A8%D9%84%D8%A9-%D9%84%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%88%D8%A7%D9%84%D8%B3%D9%88%D8%A8%D8%B1-%D9%8A%D8%AF%D8%B4%D9%86-%D8%A7%D9%84%D8%A8%D8%B7%D9%88%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%81%D9%8A\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#3- Whipping, no more? <\/strong>The Saudi Arabian Football Federation and Football Players Association of Saudi Arabia have emphasized their commitment to safeguarding the safety of all football enthusiasts, according to a <a target=\"_blank\" href=\"https:\/\/www.saff.com.sa\/en\/news.php?id=2960\" style=\"\" rel=\"noopener\">joint statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The remarks came after a fan whipped a player at the Saudi Super Cup Final <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7451606f-bcc2-4356-89ab-cee6e39ab051\/pif-backed-lucid-beats-1q-2024-delivery-estimates.-plus:-sports,-debt-and-logistics\" style=\"\" rel=\"noopener\">last week<\/a><\/strong>after the player threw water at the fan following an altercation. SAFF pledged to review its spectator code of conduct to \u201censure updated rules and regulations are put in place to swiftly and effectively impose suitable penalties to help avoid any repeat of such incidents.\u201d<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The Gulf Film Festival (GFF) runs through 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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Riyadh will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/isdb-am.org\/\" style=\"\" rel=\"noopener\">2024 IsDB Group annual meeting<\/a><\/strong> from Saturday, 27 April until Wednesday, 30 April. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Riyadh will host a special meeting of the World Economic Forum<\/strong> on 28-29 April.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Automechanika Riyadh 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 style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The King Salman bin Abdulaziz Royal Reserve Festival will kick off today <\/strong>at the Cultural Center in Al-Qurayyat governorate, state news agency SPA reports. The art and culture event runs until Thursday, 18 April.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/RDIA\/status\/1779857258974769512\" style=\"\" rel=\"noopener\">Innovation Week 2024<\/a><\/strong><strong> will kick off on Sunday, 21 April, <\/strong>at the King Abdulaziz City for Science and Technology (KACST) in Riyadh.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/israel-iran\/\">Israel-Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pif\/\">PIF<\/a>\n                <!-- <span 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             <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1032.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85257\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/spinneys-is-coming-to-saudi-this-year-aims-to-open-at-least-four-new-stores-every-year\/1032-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1032.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1032.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1032.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1032.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85256\" class=\"content-area-description single-story post-85256 post type-post status-publish format-standard has-post-thumbnail hentry category-retail tag-ipo-watch tag-retail 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\/.e8af7ece-f485-46e8-ae23-b49ba403e0a7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <strong>Supermarket chain Spinneys us be coming to town: <\/strong>The UAE-headquartered franchisee of supermarket chain Spinneys plans to open several stores in Saudi this year, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1017.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a> ahead of its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1042.pdf\" style=\"\" rel=\"noopener\">IPO of a 25% stake on the Dubai Financial Market (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Its local partners: <\/strong>Members of Al Hokair family, including Sami, Musaad, and Majed Abdul Mohsen, who will hold a 50% in the joint venture through which Spinneys will enter Saudi.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The supermarket chain is expanding into Saudi for the first time: <\/strong>Spinneys plans to open its first store here in 1H 2024, it said in its intention to float, and aims to open another three by the end of the year and at least four new stores in the Kingdom every year for the next five to 10 years, CEO Sunil Kumar told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/supermarket-chain-spinneys-plans-to-sell-shares-in-dubai-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in separate remarks. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Look for a June opening in Riyadh<\/strong>, Kumar told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/supermarket-chain-franchisee-spinneys-plans-ipo-expand-into-saudi-arabia-2024-04-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, with a total of three more between the capital and Jeddah set to welcome shoppers before year\u2019s end. \u201cThese are the two cities we are targeting because that's where our customer base \u2014 affluent, high disposable income customers \u2014 is living.\u201d <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The company will open in La Strada, KAFD, U-Walk Jeddah, and U-walk Riyadh<\/strong>, it said in its prospectus, with leases on the first two already in hand. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Spinneys claims the local market already knows it: <\/strong>Despite having no stores in Saudi, \u201c30% of 511 people surveyed in Riyadh in April 2022 by Nielsen have an awareness of the Spinneys brand and 70% of the people surveyed responding they would consider visiting a Spinneys store,\u201d it said. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The company isn\u2019t saying how much it has earmarked for investment in Saudi<\/strong>, saying in its prospectus only that investment here is \u201csupported by structural tailwinds \u2026 including a projected 6.4% CAGR in the KSA\u2019s [sic] affluent population between 2022 and 2028\u201d and the growing contribution of the non-oil economy as the Kingdom becomes one of the world\u2019s top 15 economies by 2030. Saudi has the \u201clargest population and the largest grocery market in the GCC region,\u201d it noted. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Fast facts: <\/strong>Spinneys\u2019 first ever store was established in Alexandria, Egypt, in 1924, by Arthur Spinney. It later established its presence in the UAE in the 1960s, before expanding into Oman in 2003 with the operation of Al Fair. It also brought Waitrose into the UAE in 2008. While the Spinneys brand name is also used in Egypt, Lebanon, Syria, and Iraq, it does so through trademark licensing agreements inked with Spinneys Dubai. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>EnterpriseAM UAE has more<\/strong> on the planned IPO here. Shares should start trading on 9 May, it reports. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85258\" 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=\"85258\">\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\">BUSINESS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/\">\r\n                            STC named best Saudi workplace by Linkedin, lots of PIF companies on the list                        <\/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\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/\" 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\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/')\">\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\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/\">\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=STC named best Saudi workplace by Linkedin, unseating Aramco&url=https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/\">\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\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/&title=STC named best Saudi workplace by Linkedin, unseating Aramco\">\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=STC+named+best+Saudi+workplace+by+Linkedin%2C+unseating+Aramco+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F04%2F17%2Fstc-named-best-saudi-workplace-by-linkedin-unseating-aramco%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\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1097.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85259\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/stc-named-best-saudi-workplace-by-linkedin-unseating-aramco\/1097-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1097.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1097.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1097.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1097.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85258\" class=\"content-area-description single-story post-85258 post type-post status-publish format-standard has-post-thumbnail hentry category-business tag-aramco tag-business tag-ceer tag-chalhoub-group tag-enterpriseam-ksa tag-linkedin tag-procter-gamble tag-public-investment-fund-pif tag-red-sea-global tag-roshn tag-saudia tag-stc 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\/.1576dc77-49be-4090-95c9-ac600a250123.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <strong>State-owned telecom giant <\/strong><strong>STC has clinched the top spot <\/strong><strong>as Saudi\u2019s best <\/strong><strong>workplace<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/linkedin-top-companies-2024-15-best-workplaces-fpmcf\/\" style=\"\" rel=\"noopener\">LinkedIn\u2019s 2024 Top Companies list<\/a> showed yesterday. It unseated Aramco as Saudi\u2019s top workplace this year, ending the oil giant\u2019s three-year streak at the top of the list. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>PIF companies take the lead<\/strong>: The Public Investment Fund-owned developer <strong>Red Sea Global<\/strong>came in at second place, followed by <strong>Aramco<\/strong> which <strong>Ceer<\/strong> \u2014 a JV between the PIF and Taiwanese multinational electronics contract manufacturer Foxconn \u2014 came in fourth followed by PIF-owned real estate developer <strong>Roshn<\/strong>. The list also includes Saudi\u2019s third largest bank by assets <strong>Riyad Bank<\/strong>, national carrier <strong>Saudia<\/strong>, <strong>Procter & Gamble<\/strong>, and <strong>Chalhoub Group <\/strong>among others.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>You can thank the government for that:<\/strong> Linkedin attributed Saudi\u2019s strides in luring in skilled talent to a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae469b11-e29f-4dd2-a4b0-f5c317c075f4\/tax-incentives-for-companies-relocating-hqs-here-come-into-force\" style=\"\" rel=\"noopener\">regional HQs mandate<\/a> for foreign firms. The plan, a cornerstone of Crown Prince and Prime Minister Mohamed bin Salman's drive to build a diversified, globally significant non-oil economy, has been in the works since February 2021 and gives incentives to companies that make Saudi their GCC headquarters. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>And more:<\/strong> Officials unveiled <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9253d901-ff90-46d0-915f-e37c2d9652fe\/everything-you-need-to-know-about-the-premium-residency-scheme\" style=\"\" rel=\"noopener\">earlier this year<\/a> a new special-talent residency program for priority sectors including healthcare, digital technologies, financial services, advanced manufacturing, energy, mining, logistics, tourism infrastructure and others. A hunt for talent has pushed the government to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/55cee431-e20b-4bf6-9c18-58e6a0c0ab79\/it%25e2%2580%2599\" style=\"\" rel=\"noopener\">recently reconsider<\/a> monthly fees applied since 2017 for the dependents of expats.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>What they said<\/strong>: \"This year\u2019s lists show how companies in the UAE and Saudi Arabia are continuing to grow and expand, which further cements the region\u2019s reputation as a leading business hub. Our research has previously indicated professionals\u2019 appetite for new career moves in 2024, and this list recognizes those employers that can be a top choice for professionals looking to make those moves,\u201d LinkedIn\u2019s Senior News Editor Salma Altantawy <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/revealed-by-linkedin-the-top-companies-in-uae-and-saudi-arabia-ypk81e5g\" style=\"\" rel=\"noopener\">said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>How did they come up with this list, anyway?<\/strong> Linkedin uses its own data to rank firms based on seven factors that it says contribute to career development, including chances to advance growth, the scope to learn, workplace equity, company stability, and company culture, it said. Only companies with at least 500 full-time employees in the country are eligible. The ranking period spans January-December 2023.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/business\/\">BUSINESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ceer\/\">Ceer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/chalhoub-group\/\">Chalhoub Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/linkedin\/\">LinkedIn<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/procter-gamble\/\">Procter &amp; Gamble<\/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\/red-sea-global\/\">Red Sea Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/roshn\/\">Roshn<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudia\/\">Saudia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/stc\/\">STC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85260\" 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=\"85260\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/\">\r\n                            IMF joins World Bank in trimming (ever so slightly) Saudi\u2019s growth outlook                        <\/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\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/\" 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\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/')\">\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\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/\">\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=IMF joins World Bank in trimming (ever so slightly) Saudi\u2019s growth outlook&url=https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/\">\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\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/&title=IMF joins World Bank in trimming (ever so slightly) Saudi\u2019s growth outlook\">\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=IMF+joins+World+Bank+in+trimming+%28ever+so+slightly%29+Saudi%E2%80%99s+growth+outlook+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F04%2F17%2Fimf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook%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\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1937.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85261\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/imf-joins-world-bank-in-trimming-ever-so-slightly-saudis-growth-outlook\/1937-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1937.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1937.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1937.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1937.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85260\" class=\"content-area-description single-story post-85260 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-gdp-growth tag-imf tag-world-bank 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\/.d9d45b30-a813-402c-970d-b18feada5db4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <strong>The International Monetary Fund (IMF) has slightly trimmed its Saudi\u2019s <\/strong><strong>growth forecast to <\/strong><strong>2.6% this year<\/strong>, down from the 2.7% it penciled back in January, it said in its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1087.pdf\" style=\"\" rel=\"noopener\">World Economic Outlook (pdf)<\/a> yesterday,<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>BACKGROUND-<\/strong> The IMF first lowered its projections for Saudi GDP growth this to 2.7% in January from an earlier forecast of 4.0% in October 2023 on the back of combined effects of lower oil prices and production cuts. The Kingdom\u2019s economy saw a 0.9% contraction last year, down from an 8.7% growth in 2022.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>We\u2019ve yet to see officials follow suit:<\/strong> The Finance Ministry is targeting a GDP growth of 4.4% in its budget for this fiscal year, Finance Minister Mohamed Al Jadaan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/05ff811b-9eff-456e-ac29-1f92de557a06\" style=\"\" rel=\"noopener\">said in December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>LOOKING AHEAD-<\/strong> 2025 is looking to be a good year: The IMF raised its Saudi GDP growth forecasts next year to 6.0%, up from the 5.5% projected in January.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>REGIONALLY- <\/strong>The IMF is forecasting 2.8% growth in Middle East and Central Asia, slightly down from the 2.9% forecast in January. It maintained its projections in January for GDP growth in Middle East and Central Asia for next year at 4.2%.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The World Bank slashed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6c7b50e3-505d-4cec-99bb-edc2bbe7119d\" style=\"\" rel=\"noopener\">earlier this week<\/a><\/strong><strong> the Kingdom\u2019s growth forecast to 2.5% in 2024<\/strong>, down from the 4.1% it penciled in January 2024. It sees the non-oil economy growing a strong 4.8% in 2024, up from its 4.3% projection <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1dfc08e3-862b-4799-ad63-f7e3163627d7\/fitch-sees-rising-private-borrowing,-strong-year-ahead-for-non-oil-businesses-in-the-gulf\" style=\"\" rel=\"noopener\">last November<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gdp-growth\/\">GDP growth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/world-bank\/\">World Bank<\/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=\"85262\" 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=\"85262\">\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\">TECHNOLOGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/odoo-launches-local-data-hosting-in-dammam-in-google-partnership\/\">\r\n                            Odoo expands local data hosting solution in the region through Google data center in Dammam                        <\/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\/17\/odoo-launches-local-data-hosting-in-dammam-in-google-partnership\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The new service will be available to all of its SaaS and Odoo.sh customers in the Middle East as it expands its footprint in the region.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Breaking down the jargon: <\/strong>Existing SaaS and <a target=\"_blank\" href=\"http:\/\/odoo.sh\" style=\"\" rel=\"noopener\">Odoo.sh<\/a> customers will be able to migrate their hosting to the data center in Dammam, ensuring compliance with local regulations on data security, privacy and governance. Meanwhile, new clients will be given the option to migrate their data upon request.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>What they said: <\/strong>\u201cSaudi Arabia\u2019s commendable initiative to launch data centers within its country, showcased its role in promoting digital upskilling among businesses in the MENA region, This has helped us expand and meet the hosting requirements of our customers in the region,\u201d Odoo Middle East DWC Managing Director Pavitra Singh said.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>About Odoo: <\/strong>The Belgium-born company offers a suite of <a target=\"_blank\" href=\"https:\/\/www.odoo.com\/app\/field-service\" style=\"\" rel=\"noopener\">open-source business applications<\/a> covering everything from accounting and project management, to inventory management and marketing, among others. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Not the first local data solution involving Google:<\/strong> New York-listed customer experience management platform Sprinklr <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cdc315d2-7a49-42dc-9f13-ca334be4636e\/sprinklr,%253cmark%253e-google-%253c%2Fmark%253ecloud-launch-local-data-hosting\" style=\"\" rel=\"noopener\">unveiled last month<\/a> a local data hosting solution on Google Cloud for Saudi clients who need local data hosting solutions.The collaboration with Google Cloud marks Sprinklr\u2019s expansion into the local market as the only player of its kind to offer a local data hosting option.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/google\/\">Google<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/google-cloud\/\">Google cloud<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/odoo\/\">Odoo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sprinklr\/\">Sprinklr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/technology\/\">Technology<\/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=\"85264\" 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=\"85264\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/\">\r\n                            eXra\u2019s net income up 11.2% y-o-y in 1Q. Plus: Aviation, manufacturing and telecoms                        <\/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\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/\" 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\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/')\">\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\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/\">\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=eXra\u2019s net income up 11.2% y-o-y in 1Q. Plus: Aviation, manufacturing and telecoms&url=https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/\">\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\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/&title=eXra\u2019s net income up 11.2% y-o-y in 1Q. Plus: Aviation, manufacturing and telecoms\">\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=eXra%E2%80%99s+net+income+up+11.2%25+y-o-y+in+1Q.+Plus%3A+Aviation%2C+manufacturing+and+telecoms+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F04%2F17%2Fexras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms%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\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1106.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85265\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/exras-net-income-up-11-2-y-o-y-in-1q-plus-aviation-manufacturing-and-telecoms\/1106-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1106.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1106.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1106.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1106.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85264\" class=\"content-area-description single-story post-85264 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-al-rajhi-bank tag-also-on-our-radar tag-aviation tag-china-southern-airways tag-debt-watch tag-enterpriseam-ksa tag-insurance tag-ladun-investment tag-manufacturing tag-retail tag-solutions-by-stc tag-telecoms tag-united-electronics-company-extra tag-zoujaj 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\/.90c380ff-f8a0-491f-83bc-8d959591bfa5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">EARNINGS WATCH-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>United Electronics Company (eXtra)\u2019s net income <\/strong><strong>grew 11.2% <\/strong><strong>y-o-y<\/strong><strong> to c. SAR 94 mn in 1Q <\/strong><strong>2024<\/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\/lVDLbsIwEPyWHjiCN0SEtDe3qAHEs4ECuSDHWUKkJI4cB0q_vg6piqBQUcsH73hmdnaJR5bES9kuCpmKRMpiXa88a92iFjS7NoyhO3sBC1zHms9so9O0yOKcYA8dC6YjOh032y1w3oF4_9KDO2nB9HUyNAfwBg5Y9-nhxqF39PfOKWP62NYJ-s9Ob0BN22pfEq6MeNHk9wxHwh8h-8QLY-FXC6epb9oh8SRuUKJsFFLDW6Wy_KkGNdjv941QiDDGBhdJDa5JtiJXZHnOJC6mx3W1b-6jZ5CFxFwUkiN5C1HRNBVFyjHBVA2iXHWYYmTKGd_iAHcYT1iIxC3nY8EuyoXMSxZZ1Y0Sy5ErITtZL_hBDokvYrIq35kUQcHV7JBhBSih7b_fmTZ2o09dGVBZMcm3J275PyoSH2XH15wS2kiRnAxYmZyXuSuRsa4SKPxQ7tGs4gVaMUEZCZ2RZMl8voSoV_f8g2kmNLHN87unD19eiZLV\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC80MDAzL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5Mzc4\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. Its revenues were up 9.9% y-o-y over the same period to SAR 1.6 bn on the back higher sales volume from its online sales. A 19% growth in its consumer finance portfolio also anchored eXta\u2019s uptick in revenues, it said.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Speaking of consumer finance: <\/strong>The company is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f3ed9b86-2901-4e81-b661-6296caae82ed\/\" style=\"\" rel=\"noopener\">sell via IPO as much as 30%<\/a> of the company that owns and operates Tasheel, its non-bank financial services arm.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Chinese carrier China Southern Airways has launched twice-weekly service to Riyadh <\/strong>from Beijing Daxing International Airport, with flights running Tuesdays and Saturdays, state news agency <a target=\"_blank\" href=\"https:\/\/english.news.cn\/20240417\/ef7aeab16756411a9a11cf57ecf96bc1\/c.html\" style=\"\" rel=\"noopener\">Xinhua reports<\/a>. The first flight landed here yesterday. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The board of Nomu-listed <\/strong><strong>Ladun Investment has approved <\/strong><strong>the signing of a SAR 573 mn <\/strong><strong>credit facility <\/strong><strong>with Al Rajhi Bank<\/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\/lZFPc4IwEMU_jVd2NZMQeqN2ijj4h6IVc-mEStEOJAyijN--wZ604tjcNvN7-96bBQExCCWPu0zWO61kbua1YB_UZTgYcZzhaDFEhpHHlgvef_EJrC4BPvEYhlM3nA1sit47gviXHqM5xfB1PiEBvqGH7DE9djz3AX9xicxcxzYJxs-eH7iEM_sauFHxyuRvhzNwL-TdmAMGYxBZrpPfi7gqITwDUaVfaZVW1qEy39u6LvdPPexh0zRWpnWWp9anLnp4S7LV-xriS7Ll2i3nJbXcyOaQG7WQSg2lofvdgL-B2HYIpxClCtbmJnZnm5BB1BY2jqVUp-hUJDqHtUMJhbJYLmPc-d80Pwbpitd8OvkBmoIASw!!\/dz\/d5\/L0lHSkovd0RNQU5rQUVnQSEhLzROVkUvYXI!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The funds will be channeled towards the company\u2019s working capital, the purchase of land in Riyadh\u2019s Rabwa neighborhood and the construction of Ladun Tower. Some of the funds will be used as advance payments for five of its subsidiaryBuilt Industrial\u2019s projects with the government which it said was worth SAR 1.5 bn.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">INS-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Saudi EXIM signed a number of reins. treaties with global reins. firms<\/strong> led by the world's second biggest reins. company Swiss Re, it said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/SaudiEXIM\/status\/1780237236019024025\" style=\"\" rel=\"noopener\">post on X<\/a> yesterday. The agreements aim to expand ins. Coverage to help drive growth of local exporters in overseas markets. No further details were provided on the treaties.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Tadawul-listed <\/strong><strong>Zoujaj said it expects its sixth glass container production line to be <\/strong><strong>completed in December this year<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/bdhz9c68\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The SAR 47 mn line will have an annual production capacity of 25k tons. It is set to generate SAR 10 mn in additional annual net income starting Q1 2025, it added. The board of the glass producer <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yybmxm4v\" style=\"\" rel=\"noopener\">approved the new production line<\/a> in November 2023. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">TELECOM- <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Solutions by stc has renewed a three-year SAR 140 mn VMware license contract<\/strong> with parent company stc, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lVBNc4IwEP0tPXisWWUE2ltap4iDn2hVLp0QV2AGCBOC1v76gjhjtdqxmRzyXt6-fbvEI0vipWwbBUxFImVxiVee_tGhOrR7JoygN3sFHVxLn8_MVretk8W5wBxYOkyGdDJqGx2w3oF4_6oHd9yBydt4oDkwBQv0--rhxqF39PfOJSP6ZJQJ-i-W7VDN1I1LwZURL5r8nuEg-CNkn3hBLPx64TT1NTMgnsQNSpTNQpZ0qFSWPzegAbvdrhkIEcTY5CJpwLWSUOSKLM-VxMX0sC7j5j7sFllIzEUhOZJpgIqmqShSjgmmyoly1WWKkQlnPEQHtxiPWYDEreZj622UC5lXKrKqmBy5ErKb2esj3ie-iOt3JsW64Gq2z7AmlCitj--sNHWjrxK1oDZikocnbfU_LBIfZdcnq3ZFbaRITgasSs2rzD8a4KdyD0Y1XpfqMcpIVOmyZD5fQmQ_ev5e0xKamNr53dGHb8EHhK8!\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC83MjAyL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5Mzc3\/\" style=\"\" rel=\"noopener\">a filing to Tadawul<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-rajhi-bank\/\">Al Rajhi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/china-southern-airways\/\">China Southern Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ladun-investment\/\">Ladun Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/manufacturing\/\">manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/retail\/\">Retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/solutions-by-stc\/\">Solutions by stc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/united-electronics-company-extra\/\">United Electronics Company (Extra)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zoujaj\/\">Zoujaj<\/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=\"85266\" 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=\"85266\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/blackrock-the-worlds-largest-asset-manager-is-all-in-on-saudi\/\">\r\n                            BlackRock, the world\u2019s largest asset manager, is all-in on Saudi                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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                   \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\/17\/blackrock-the-worlds-largest-asset-manager-is-all-in-on-saudi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1148.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85267\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/blackrock-the-worlds-largest-asset-manager-is-all-in-on-saudi\/1148-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1148.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1148.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1148.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1148.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85266\" class=\"content-area-description single-story post-85266 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-blackrock tag-enterpriseam-ksa tag-financial-markets tag-planet-finance tag-private-equity 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\/.5f1f9fb8-046c-45d2-aded-22d4150af8a0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <strong>It\u2019s a busy morning on Planet Finance. <\/strong>Here\u2019s what you need to know:<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#1- The world\u2019s biggest asset manager is on an \u201caggressive hunt for growth in Saudi <\/strong><strong>Arabia,\u201d <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/larry-fink-s-blackrock-hunts-for-growth-in-saudi-investment-boom?srnd=homepage-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes in a long piece out overnight. CEO Larry Fink is here to visit multiple times per year, its 20-person Saudi team is the biggest among its peers and challengers, and the firm is \u201cembedding itself in different parts of the country\u2019s institutions and capital markets,\u201d the business information service writes. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>But BlackRock will face plenty of competition in Saudi<\/strong>, it warns, noting that Franklin Templeton has recently opened an office here, that KKR just got regulatory clearance to add new services to its license, Brookfield is here, and so is Macquarie. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#2- A terrible, horrible, no good, very bad year for private equity? <\/strong>That\u2019s the contention of the outgoing CIO of Princeton University\u2019s endowment, who told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/cc6601df-4663-43a0-87b2-822eaabe4a81\" style=\"\" rel=\"noopener\">Financial Times<\/a> in an exclusive that private equity is facing its \u201cworst-ever environment \u2026 as a slump in dealmaking and public listings weighs on returns.\u201d Andrew Golden, a PE bull, has has run the USD 34 bn fund for nearly 30 years.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#4- FURTHER AFIELD- China\u2019s capital markets are increasingly isolated:<\/strong> Declining global investor interest in China has pushed activity in the country\u2019s equity capital markets to multi-decade lows, writes the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9ce26256-0304-42a8-9f78-5c203d02d95c\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>By the numbers:<\/strong> Mainland IPOs along with follow-on and convertible share offerings have brought in some USD 6.4 bn in the first four months of 2024, the lowest number ever recorded. Outbound M&A transactions came in at their lowest since 2005 at USD 2.5 bn. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>What gives? Investors are spooked<\/strong> by the meltdown of major Chinese real estate players, a crackdown on the business elite, and rising tensions between Beijing and Washington. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>On the other hand\u2026 <\/strong>China\u2019s economy grew at a faster-than-anticipated rate of 5.3% y-o-y in 1Q 2024, according to <a target=\"_blank\" href=\"https:\/\/www.stats.gov.cn\/english\/PressRelease\/202404\/t20240416_1954583.html\" style=\"\" rel=\"noopener\">data<\/a> from China\u2019s National Bureau of Statistics, as we noted yesterday. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Asian markets are trending mainly lower<\/strong>, with the Shanghai Composite (+0.7%) the only outlier at dispatch time. US and European stock futures are little changed, with most major benchmarks up very slightly overnight after the S&P 500 notched yesterday its third day of losses.<\/p>\n<p><a target=\"_blank\" id=\"t.b20ee254f04fe4a74b65dafc4ebb9c13ce6351a1\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">12,500<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-1.6% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">1,578<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-2% (YTD: +1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">26,309<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-0.9% (YTD: +7.3%)<\/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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">3.75 Buy<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">3.75 Sell<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">6% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">29,400<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-0.7% (YTD: +18.1%)<\/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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">9,194<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-0.6% (YTD: -4.7%)<\/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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">4,184<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-1.4% (YTD: +3.1%)<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">5,051<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-0.2% (YTD: +5.9%)<\/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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">7,820<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-1.8% (YTD: +1.1%)<\/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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">4,917<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">-1.4% (YTD: +8.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">USD 90.14<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">+0.04%<\/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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">USD 1.73<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">+2.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">USD 2,408<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">+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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">USD 63,950<\/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;font-family:\" arial\";line-height:1.15;text-align:left\"=\"\">+1.2% (YTD: +110.2%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The TASI fell 1.6% yesterday on turnover of SAR 10.2 bn<\/strong>. The index is up 4.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>In the green:<\/strong> Red Sea (+10%), Atheeb Telecom (+6.6%) and SSP (+4.6%).<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>In the red:<\/strong> Advanced (-5.3%), ELM (-4.7%) and Sipchem (-4.3%).<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The NomuC<\/strong><strong> fell 0.9% yesterday on turnover of SAR 266 mn<\/strong>. The index is up 7.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>In the green:<\/strong> Pro Medex (+16.2%), Tam Development (+7.6%) and Obeikan Glass (+6.6%).<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>In the red:<\/strong> Raoom (-7.4%), Watani Steel (-5.6%) and Mayar (-5%)<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#1- Al Jouf Cement has started the liquidation of its subsidiary Eastern Industrial <\/strong><strong>Company<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNjA0lA_ODVPvyA3NMIgMyA3XNdREQAdrm7i\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83OTM4NC9jb21wYW55U3ltYm9sLzMwOTEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Al Jouf expects to get a full or partial return on its SAR 136 mn investment, forecasting positive impacts on its books, it added. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#2- Al Moammar Information Systems\u2019 BoD recommended the distribution of a SAR 24 <\/strong><strong>mn dividend for 1Q 2024 at SAR 0.8 per share<\/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\/lVBNc4IwEP0tPXisWWUE2ltap4iDn2hVLp0QV2AGCBOC1v76gjhjtdqxmRzyXt6-fbvEI0vipWwbBUxFImVxiVee_tGhOrR7JoygN3sFHVxLn8_MVretk8W5wBxYOkyGdDJqGx2w3oF4_6oHd9yBydt4oDkwBQv0--rhxqF39PfOJSP6ZJQJ-i-W7VDN1I1LwZURL5r8nuEg-CNkn3hBLPx64TT1NTMgnsQNSpTNQpZ0qFSWPzegAbvdrhkIEcTY5CJpwLWSUOSKLM-VxMX0sC7j5j7sFllIzEUhOZJpgIqmqShSjgmmyoly1WWKkQlnPEQHtxiPWYDEreZj622UC5lXKrKqmBy5ErKb2esj3ie-iOt3JsW64Gq2z7AmlCitj--sNHWjrxK1oDZikocnbfU_LBIfZdcnq3ZFbaRITgasSs2rzD8a4KdyD0Y1XpfqMcpIVOmyZD5fQmQ_ev5e0xKamNr53dGHb8EHhK8!\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC83MjAwL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5Mzc1\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The IT company also outlined its dividend policy up until 2026, which will seek to maintain a minimum dividend per share equivalent to 50% of its annual net income, it said in another <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lVBNc4IwEP0tPXisWWUE2ltap4iDn2hVLp0QV2AGCBOC1v76gjhjtdqxmRzyXt6-fbvEI0vipWwbBUxFImVxiVee_tGhOrR7JoygN3sFHVxLn8_MVretk8W5wBxYOkyGdDJqGx2w3oF4_6oHd9yBydt4oDkwBQv0--rhxqF39PfOJSP6ZJQJ-i-W7VDN1I1LwZURL5r8nuEg-CNkn3hBLPx64TT1NTMgnsQNSpTNQpZ0qFSWPzegAbvdrhkIEcTY5CJpwLWSUOSKLM-VxMX0sC7j5j7sFllIzEUhOZJpgIqmqShSjgmmyoly1WWKkQlnPEQHtxiPWYDEreZj622UC5lXKrKqmBy5ErKb2esj3ie-iOt3JsW64Gq2z7AmlCitj--sNHWjrxK1oDZikocnbfU_LBIfZdcnq3ZFbaRITgasSs2rzD8a4KdyD0Y1XpfqMcpIVOmyZD5fQmQ_ev5e0xKamNr53dGHb8EHhK8!\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC83MjAwL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5Mzc2\/\" style=\"\" rel=\"noopener\">disclosure<\/a>. MIS later issued 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\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC83MjAwL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5Mzg4\/\" style=\"\" rel=\"noopener\">correction announcement<\/a>, explaining that dividends have been deferred until the audited financial statements are issued.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>ALSO FROM MIS: Trading of the company\u2019s shares was suspended yesterday <\/strong>for one hour upon the company\u2019s request, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/tVJNc4IwEP0r7aHHTBaEgMf0C3WwiggKFyZC2tJCQI3Sn9-oPajjR3toTvt23ubt7lsc4ymOBVvnb0zmlWCFwlFMEpMS0Ds2DJyxq4EXWq4demMNugYOcYzjVMhavuNIsow1qyLh4g6WDP3AbVwv8pQvmchykXEVbZOCN7ugZItPLncwlXsQaQSBgXTQjZvlarkRK6qUFRxHXGxQneYZjtopJ6aWagiInSKDzTLEshlB3MxIOzNtwi0NTw5nsfsOAe-FegPdMsEJAceXRz2qB39ogvc87LdcGIED5Hf1cObRq_q-mjhSf1hnSVSJrHPe4EBUi1LZ5_9xRYo9eegnXvA0Ukp7m-4A7l3rT91K_jGfx1QdRCUk_5J4-v8XMdk0vd_YgLYt5Uvv3um6tGUT65hwwvhDwglnt4QL1tVlabdKFATTphnzKHl0X_1uTm-_AdCBl2w!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a>. MIS\u2019 reasoning for the suspension was that it would announce a \u201cmaterial event,\u201d but no further details were provided. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/blackrock\/\">BlackRock<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/private-equity\/\">private equity<\/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=\"85268\" 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=\"85268\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/04\/17\/saudi-eyeing-significant-investments-in-pakistan-says-bin-farhan\/\">\r\n                            Saudi plans significant investments to help shore up crisis-hit Pakistan\u2019s finances, says bin Farhan                        <\/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\/17\/saudi-eyeing-significant-investments-in-pakistan-says-bin-farhan\/\" 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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He said his delegation was briefed on potential investments in various sectors in Pakistan, stressing \u201cvery, very significant confidence\u201d to move forward with the projects. \u201cThere is a lot of untapped potential [in Pakistan] that is clear to everyone and just needs to be tapped and here working together we will do what we can with our colleagues in the government of Pakistan to make that happen,\u201d he said. He did not provide further details, but Dar said some of the areas of interest included agriculture, IT, mining, energy and other sectors.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Gaza crisis + recent regional escalations:<\/strong> The FM described the international community\u2019s efforts towards the ceasefire in Gaza as \u201cwholly insufficient \u2026 We are now well beyond 33k civilians killed. We are now actively discussing the potential of famine in Gaza\u2026This is an unacceptable situation, it is a complete failure of the international system\u2026,\u201d he said. Bin Farhan said that \u201cwe do not need more conflict in the region\u201d in an indirect mention of rising tensions between Iran and Israel. \u201cWe are already in an unstable region. The humanitarian catastrophe in Gaza is already inflaming the region. We do not need more conflict in our region, we do not need more confrontation in our region. So it is our position that de-escalation must be everybody\u2019s priority,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Background: <\/strong>The two-day visit by the FM comes nearly a week after Pakistan\u2019s prime minister <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/saudi-crown-prince-meets-pakistani-premier-stresses-india-pakistan-dialogue-2024-04-08\/\" style=\"\" rel=\"noopener\">discussed<\/a> a USD 5 bn investment package during a meeting in Makkah with Crown Prince Mohammed bin Salman. Saudi has been among key backers of crisis-hit Pakistan, which is now struggling with depleted reserves. The Kingdom has <a target=\"_blank\" href=\"https:\/\/www.arabnews.pk\/node\/2417451\/pakistan\" style=\"\" rel=\"noopener\">extended the term<\/a> of a USD 3 bn in deposit at the State Bank of Pakistan for an additional year, maturing in December this year. Pakistan <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/saudi-arabia-deposits-2-bln-pakistan-central-bank-account-pakistan-finance-2023-07-11\/\" style=\"\" rel=\"noopener\">also received<\/a> last year USD 2 bn in financial assistance from the Kingdom to shore up finances.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/faisal-bin-farhan\/\">Faisal bin Farhan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ishaq-dar\/\">Ishaq Dar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pakistan\/\">Pakistan<\/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=\"85270\" 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\/17\/85270\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85270\" class=\"content-area-description single-story post-85270 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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">11-20 April (Thursday-Saturday): IMF and World Bank spring meetings, Washington, DC.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">14-18 April (Sunday-Thursday): The King Salman bin Abdulaziz Royal Reserve Festival, Al-Qurayyat. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span>21-27 April (Sunday-Saturday): Innovation Week 2024 at KACST, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span>27-30 April (Saturday-Wednesday):<\/span><span> IsDB Group Annual Meetings<\/span><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">28-29 April (Sunday-Monday): World Economic Forum Special Meeting, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">29 April-1 May: Future Hospitality Summit at Al Faisaliah Hotel, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">30 April-2 May: Automechanika Riyadh 2024 at Riyadh International Convention and Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">2-5 May (Thursday-Sunday): Townhall Expo, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">6-9 May (Monday-Thursday): Saudi Smart Manufacturing, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">6-9 May (Monday-Thursday): Saudi Smart Logistics, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">13-15 May (Monday-Wednesday): Smart Future Expo, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">13 May (Monday): Saudi Giga Projects, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">19-21 May (Sunday-Tuesday): Saudi Energy Convention, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">20-21 May (Monday-Tuesday): Future Projects Forum, Four Seasons Hotel, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">20-22 May (Monday-Wednesday): Future Aviation Forum 2024, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">21-23 May (Tuesday-Thursday): The Saudi Food Show, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">Global Trade Review (GTR): KSA<\/span><\/li>\n<li><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">Saudi Energy Convention<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">4-7 June (Tuesday-Friday): Saudi Sports Show, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">4-7 June (Tuesday-Friday): Aqarat Expo, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">5 June (Wednesday): World Environment Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">14-22 June (Friday-Saturday): Banks and capital markets closed for Eid Al Adha holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">12-15 August (Monday-Thursday): The Saudi Food Expo, Riyadh <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">11-12 September (Wednesday-Thursday): The Saudi Event Show, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">17-19 September (Tuesday-Thursday): EV Auto Show, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">24-26 September (Tuesday-Thursday) Saudi Infrastructure Expo, Riyadh International Convention and Exhibition Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">23 September (Monday): National Day (national holiday)<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">2-9 November (Saturday- Saturday): WTA Finals, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">26-28 November (Tuesday-Thursday): Saudi Electricity Expo, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">11-14 November (Monday-Thursday): Cityscape Global, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">Signposted to happen sometime in 2024:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">The AFC Champions League Elite<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">10-13 February (Monday-Thursday): Leap 2025, the Kingdom\u2019s premier tech investment conference<\/span><\/p>\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>STC dethrones Aramco as LinkedIn\u2019s best Saudi workplace. Bad weather day. BlackRock all-in on the Kingdom. Big investments in Pakistan?<\/p>\n","protected":false},"featured_media":85253,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-85252","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f37b8632-fad3-45ed-ba81-25f102648a03","teaser":"STC dethrones Aramco as LinkedIn\u2019s best Saudi workplace. Bad weather day. BlackRock all-in on the Kingdom. 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