{"id":86273,"date":"2024-05-19T00:00:00","date_gmt":"2024-05-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=86273"},"modified":"2025-12-14T18:08:03","modified_gmt":"2025-12-14T18:08:03","slug":"another-ipo-on-the-runway-and-get-ready-for-an-aviation-heavy-week","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/another-ipo-on-the-runway-and-get-ready-for-an-aviation-heavy-week\/","title":{"rendered":"Another IPO on the runway \u2014 and get ready for an aviation-heavy week"},"content":{"rendered":"<section id=\"86275\" 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=\"86275\">\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\/05\/19\/get-ready-for-an-aviation-heavy-week-with-two-big-global-conferences-in-town\/\">\r\n                            THIS MORNING: Get ready for an aviation-heavy week with two big global conferences in town                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/get-ready-for-an-aviation-heavy-week-with-two-big-global-conferences-in-town\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1418.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86276\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/get-ready-for-an-aviation-heavy-week-with-two-big-global-conferences-in-town\/1418-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1418.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1418.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1418.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1418.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86275\" class=\"content-area-description single-story post-86275 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-automotive tag-aviation tag-enterpriseam-ksa tag-foreign-trade tag-hong-kong-stock-exchange tag-ministry-of-environment tag-real-estate tag-retail-saving-sukuk-program tag-saudi-ports-authority tag-saudi-china-relations tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.6565e2c5-c170-4a38-aad0-a1d797eab491.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people<\/strong>, and welcome to what we expect will be an aviation-heavy week as some 5k aviation executives from aviation majors including Boeing, Airbus, China\u2019s Comac, and Embraer gather tomorrow and the day after for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b5760dca-55dd-4068-b11a-6289d0b22f66\" style=\"\" rel=\"noopener\">two major overlapping aviation events<\/a> in the capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The <strong><a target=\"_blank\" href=\"https:\/\/futureaviationforum.com\/en\" style=\"\" rel=\"noopener\">Future Aviation Forum<\/a><\/strong> opens tomorrow, while the <strong><a target=\"_blank\" href=\"https:\/\/www.icao.int\/Meetings\/FAL2024\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">International Civil Aviation<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.icao.int\/Meetings\/FAL2024\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Organization\u2019s<\/a><\/strong> Facilitation 2024 Global Summit kicks off on Tuesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>The government has<\/strong><strong> plans to set up six new airports <\/strong><strong>as well as nine additional <\/strong><strong>terminals at existing airports <\/strong>to help it deliver an ambitious aviation strategy to boost the Kingdom\u2019s air connectivity, General Authority of Civil Aviation (Gaca) President Abdulaziz Al Duailej told Al Arabiya (<a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/05\/15\/-%D8%A7%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A7%D9%84%D9%85%D8%AF%D9%86%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%B9%D9%85%D9%84-%D8%B9%D9%84%D9%89-%D8%A7%D9%86%D8%B4%D8%A7%D8%A1-6-%D9%85%D8%B7%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">watch, runtime: 5:00)<\/a>. The Gaca chief said the private sector will have a key role in implementing the aviation strategy, which will see the sector opening up to privatization. He said the strategy aims to bring the sector\u2019s contribution to GDP to over SAR 8 bn by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The targets: <\/strong>Gaca aims to increase passenger numbers from 100 mn pre-pandemic to 330 mn and expand air connectivity from about 100 to more than 250 destinations by the end of the decade. It also aims to double air freight capacity and the design capacity for cargo warehouses to reach 4.5 mn tons of cargo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: The Tourism Ministry recently doubled its target for 2030<\/strong>, aiming now to host <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a35151a1-033e-49d7-85a5-bbe29bf3da9b\/it%25e2%2580%2599s-day-2-at-leap-2024,-deepfest-and-efg-hermes-one-on-one\" style=\"\" rel=\"noopener\">150 mn tourist<\/a> trips after it hit its target last year ahead of schedule. The new 2030 target envisages 80 mn trips by domestic travelers and 70 mn by international travelers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BY THE NUMBERS- <\/strong><strong>The civil aviation sector has contributed USD 53 bn to the Kingdom\u2019s <\/strong><strong>GDP<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2104957\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported, citing a report by Gaca. Some USD 20.8 bn came from aviation related activities, while USD 32.2 bn came from tourism. The sector saw 241k jobs, while 717k jobs were offered in the tourism sector. Gaca will launch its inaugural State of Aviation Report during the Future Aviation Forum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers<\/strong>: The Kingdom\u2019s international seat capacity grew by 123% compared to pre-pandemic levels, surpassing the global recovery rate of 90% and the regional rate of 95%, according to the report. Passenger volumes grew 26% y-o-y to 112 mn passengers last year.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- There\u2019s no word on Crown Prince and Prime Minister Mohamed bin <\/strong><strong>Salman\u2019s meeting with White House national security advisor Jake Sullivan. <\/strong>Sullivan was due in Saudi yesterday to meet with the Crown Prince on \u201cbilateral and regional matters, including the war in Gaza and ongoing efforts to achieve a lasting peace and security in the region,\u201d a White House statement said. Sullivan heads today to Israel. <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- A delegation of 30 Hong Kong officials headed by the HK Secretary of Justice <\/strong><strong>Paul Lam arrived in Riyadh yesterday<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.info.gov.hk\/gia\/general\/202405\/18\/P2024051700188.htm\" style=\"\" rel=\"noopener\">a HK statement<\/a>. This comes on the heels of Tadawul\u2019s Hong Kong edition of its Capital Market Forum which wrapped up last week. The five-day trip will see the delegation also touch base in Abu-Dhabi and Dubai later this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Laying the groundwork to ramp-up investment in both directions:<\/strong> The delegation is expected to meet with executives from the \u201clocal legal and business sectors to have a better understanding of their need for cross-jurisdictional legal services. They will also call on relevant government officials to discuss and exchange views on various areas of legal co-operation,\u201d the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The guestlist<\/strong> includes officials from the <a target=\"_blank\" href=\"https:\/\/www.hklawsoc.org.hk\/\" style=\"\" rel=\"noopener\">Law Society of Hong Kong<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.hkba.org\/\" style=\"\" rel=\"noopener\">Hong Kong Bar<\/a><a target=\"_blank\" href=\"https:\/\/www.hkba.org\/\" style=\"\" rel=\"noopener\">Association<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.hkex.com.hk\/?sc_lang=en\" style=\"\" rel=\"noopener\">Hong Kong Stock Exchanges and Clearing (HKEX)<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.investhk.gov.hk\/en\/\" style=\"\" rel=\"noopener\">Department of FDI (better known as Invest HK)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Hong Kong officials are looking to set up a trade and economy office in Saudi, while Hong Kong\u2019s flagship carrier Cathay Pacific is looking to relaunch direct flights to Riyadh in 4Q 2024. Meanwhile, Neom has been active in the past weeks to drum up investment interest, with a recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/083185a1-da33-46d9-809b-4562199b25b6\/\" style=\"\" rel=\"noopener\">trip to China<\/a> to lure interest from Hong Kong, Beijing, and Shanghai.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Riyadh hosts today the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\" rel=\"noopener\">Saudi Energy Convention<\/a><\/strong><strong>.<\/strong> The convention, which runs through Tuesday, will see energy and utilities industry leaders talk about decarbonization and energy. It will also host the <strong>Saudi Utilities Convention<\/strong> and <strong>Saudi Hydrogen Convention<\/strong> to address the role and challenges of rolling out hydrogen, water and utility projects that are in line with the global energy transition. Over 10k energy professionals and 200 industry speakers should be present at the event. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #3- Environment Minister Abdulrahman Alfadley is leading Saudi\u2019s <\/strong><strong>delegation to the World <\/strong><strong>Water Forum in Bali which opened yesterday<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2105090\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported. The Saudi delegation will host a panel discussion on Riyadh\u2019s preparations to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/617757b3-5a94-4c5d-ba91-5dc52691ab50\" style=\"\" rel=\"noopener\">host the event in 2027<\/a>. This year\u2019s edition of the largest international gathering in the water industry in Indonesia wraps up on Saturday, 25 May.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#4- It\u2019s finance week for small businesses: <\/strong>Monsha\u2019at, the small and medium enterprises regulator, will hold a series of events in Riyadh, Madinah, Jeddah, and Al-Khobar, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2105011\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. The events aim to raise awareness about financing options available to small businesses and to discuss challenges faced by the sector. You can <a target=\"_blank\" href=\"https:\/\/www.monshaat.gov.sa\/ar\/form\/funding_week\" style=\"\" rel=\"noopener\">sign up here<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#5- The subscription period for the fourth round of retail saving sukuk <\/strong><strong>program starts <\/strong><strong>today<\/strong>, the National Debt Management Center (NDMC) said in a <a target=\"_blank\" href=\"https:\/\/x.com\/GovSukuk\/status\/1791846211642699862\" style=\"\" rel=\"noopener\">post on X<\/a>. The instruments carry a fixed yield of 5.64%. The minimum subscription amount for the May issuance was set at SAR 1k, while the maximum is SAR 200k per investor for the total duration of the program. Get your orders in before Tuesday afternoon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The Finance Ministry and the NDMC launched the shariah-compliant retail saving instrument in a bid to diversify the nation\u2019s savings offerings. The program features monthly issuances by the NDMC that carry annual fixed yields varying in value from month to month depending on market conditions. Every issuance matures in 12 months and has no subscription fee.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Thunderstorms almost everywhere:<\/strong> The national weather service is <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiDCD\/status\/1791563006922326024\" style=\"\" rel=\"noopener\">advising<\/a><a target=\"_blank\" href=\"https:\/\/x.com\/SaudiDCD\/status\/1791563006922326024\" style=\"\" rel=\"noopener\">folks<\/a> to exercise caution, with thunderstorms expected in most regions today through Wednesday. Some of the affected areas include Makkah, Jazan, Aseer and Al Baha. <strong>Makkah<\/strong> will experience thunderstorms with a high of 44\u00b0C and a low of 30\u00b0C, while <strong>Jazan<\/strong> will see a similar forecast with a high of 37\u00b0C and a low of 32\u00b0C. Thunderstorms are also in the cards for <strong>Al Baha<\/strong> which will see a high of 27\u00b0C and a low of 20\u00b0C.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- Mawani could ban imports from 20 carmakers <\/strong>based on a request by the Saudi Standards, Metrology, and Quality Organization citing the exporters failure to submit their 2024 supply plans on time, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1728688\" style=\"\" rel=\"noopener\">Argaam<\/a> reports citing a Mawani circular. <strong>The report did not specify which carmakers could face a ban.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#2- You can now verify the authenticity of real estate advertisements<\/strong> through a new online service recently launched by the <a target=\"_blank\" href=\"https:\/\/rega.gov.sa\/en\/who-we-are\/about-the-real-estate-general-authority\/\" style=\"\" rel=\"noopener\">Real Estate General Authority (Rega)<\/a>, according to <a target=\"_blank\" href=\"https:\/\/rega.gov.sa\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84%D8%A7%D8%B9%D9%84%D8%A7%D9%85%D9%8A\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1-%D8%AA%D8%B7%D9%84%D9%82-%D8%AE%D8%AF%D9%85%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%B9%D9%84%D8%A7%D9%85-%D8%B9%D9%86-%D8%AA%D8%B1%D8%AE%D9%8A%D8%B5-%D8%A7%D9%84%D8%A5%D8%B9%D9%84%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9\/?page=1&amp;search=&amp;sort=\" style=\"\" rel=\"noopener\">a Rega statement<\/a>. The service aims to help market participants in identifying fraudulent advertisements, boost the sector\u2019s credibility, and improve the customer experience. We couldn\u2019t find the website link through which the service is accessible but here\u2019s the link for the Fal service which provides applicants with licenses to operate the real estate brokerage industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Cabinet has approved the new executive regulations for the Public Health <\/strong><strong>Authority<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/uqn.gov.sa\/details?p=24964\" style=\"\" rel=\"noopener\">official gazette Umm Al Qura<\/a>. The regulations are yet to be put on the government\u2019s public survey platform, Istitla.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mekyal.com\/en\/\" style=\"\" rel=\"noopener\">Mekyal Financial Technologies<\/a><\/strong><strong> has gotten the okay <\/strong><strong>to experiment with offering and <\/strong><strong>investing in debt instruments as part of a fintech license<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3553.aspx\" style=\"\" rel=\"noopener\">a Capital Market Authority statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Women can now specialize in maritime studies at the King Abdulaziz <\/strong><strong>University in <\/strong><strong>Jeddah<\/strong>, a research area that was once only open to their male counterparts, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/kauweb\/status\/1791445714322530370\" style=\"\" rel=\"noopener\">post on X<\/a>. <\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Victims of financial scams on Mada debit cards can now report incidents online <\/strong><strong>through the Interior Ministry\u2019s e-platform, Absher<\/strong>, the General Directorate of Public Security said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/security_gov\/status\/1791535306899939531\" style=\"\" rel=\"noopener\">post on X<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<br \/><\/strong><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to subscribe? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday before 7am Riyadh time \u2014 without charge, thanks to our friends at Cenomi.<br \/><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a fairly quiet morning in the global business news<\/strong>, with one story dominating the front pages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TROUBLE IN THE ISRAELI CABINET? <\/strong>Benny Gantz, a central member of Israel\u2019s three-man war cabinet, said he\u2019ll resign his post unless Prime Minister Benjamin Netanyahu adopts a new war plan by 8 June. Netanyahu called Gantz\u2019s ultimatum \u201cwashed-up words whose meaning is clear: the end of war and defeat for Israel, abandoning most of the hostages, leaving Hamas intact and the establishment of a Palestinian state.\u201d (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-18\/gantz-says-he-ll-quit-unless-netanyahu-shifts-to-a-new-gaza-plan?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dozens-killed-wounded-israeli-forces-thrust-deeper-gazas-jabalia-rafah-2024-05-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-gaza-war-05-18-2024-3ac9d8e59198d5884d0faa6649a53e4f\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What would Gantz\u2019s departure mean? <\/strong>Gantz leaving \u201cwould leave Netanyahu even more beholden to far-right allies who have taken a hard line on negotiations over a cease-fire and hostage release, and who believe Israel should occupy Gaza and rebuild Jewish settlements there,\u201d <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/05\/18\/member-of-israels-war-cabinet-says-hell-quit-the-government-june-8-unless-theres-a-new-war-plan.html\" style=\"\" rel=\"noopener\">CNBC<\/a> writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Another Houthi attack in the Red Sea. <\/strong>A Panamanian-flagged oil tanker was hit by a Houthi anti-ship missile yesterday, US Centcom said in a <a target=\"_blank\" href=\"https:\/\/x.com\/CENTCOM\/status\/1791851421152743816\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From the Dept. of Flying Cars:<\/strong> Chinese EV manufacturer XPeng\u2019s plans to deliver its flying car to customers in two years, the company\u2019s co-president told <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/05\/17\/xpeng-aims-for-flying-car-pre-orders-this-year-with-delivery-in-2026.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. The flying car \u2014 dubbed the Land Aircraft Carrier \u2014- will be available for people to pre-order this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN AI NEWS- <\/strong>OpenAI has <a target=\"_blank\" href=\"https:\/\/www.wired.com\/story\/openai-superalignment-team-disbanded\/\" style=\"\" rel=\"noopener\">disbanded<\/a> its long-term AI risk team less than a year after announcing it. The team was <a target=\"_blank\" href=\"https:\/\/openai.com\/index\/introducing-superalignment\/\" style=\"\" rel=\"noopener\">announced<\/a> in July with the aim to \u201cto steer and control AI systems much smarter than us.\u201d <\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/futureaviationforum.com\/en\" style=\"\" rel=\"noopener\">Future Aviation Forum<\/a><\/strong><strong> will get underway on Monday, 20 May and run until <\/strong><strong>Wednesday, 22 May<\/strong> at the King Abdulaziz International Conference Center in Riyadh. The event, organized by the General Authority of Civil Aviation, will see the Kingdom showcasing some USD 100 bn worth of investment options in the aviation and logistics sector at large.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh <\/strong><strong><a target=\"_blank\" href=\"https:\/\/waga-aci.expoplatform.com\/\" style=\"\" rel=\"noopener\">will host<\/a><\/strong><strong> the annual conference of the Airports Council International<\/strong> \u2014 also known as <a target=\"_blank\" href=\"https:\/\/aci.aero\/events\/aci-asia-pacific-aci-world-annual-general-assembly-conference-and-exhibition-waga\/\" style=\"\" rel=\"noopener\">WAGA<\/a> \u2014 from Tuesday, 21 May to Thursday, 23 May. The global gathering brings together leading senior executives from around the world to cover topics that shape the aviation industry. The event\u2019s speakers include PIF-owned airline Riyadh Air CEO Rony Douglas, Saudi Air Connectivity Program Majid Khan, Riyadh Airports CEO Ayman Aboabah and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demo day for the final round of the Sanabil 500 MENA seed accelerator will kick off on <\/strong><strong>Wednesday, 29 May<\/strong> in Riyadh with seven finalists. Applications for the next batch <a target=\"_blank\" href=\"https:\/\/mena.aplica.500.co\/\" style=\"\" rel=\"noopener\">are now open<\/a> and will close on 6 August 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/globalaisummit\/status\/1789658478690078841\" style=\"\" rel=\"noopener\">Global AI Summit<\/a><\/strong><strong> from 10-12 September<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2101219\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported yesterday. The event, which is organized by the Saudi Authority for Data and Artificial Intelligence, will focus on key AI topics and trends, delving into its local and global adoptions, ethics, and infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dammam will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\" rel=\"noopener\">Saudi Maritime and Logistics Congress<\/a><\/strong><strong> from Wednesday, 18 <\/strong><strong>September to Thursday, 19 September.<\/strong> The two-day event looks to gather up to 10k attendees and 200 exhibitors, and will discuss topics including interlinked logistics, developments in supply chains, digitalisation, decarbonisation, the energy transition, and workforce development.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div 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wp-post-image\" alt=\"\" data-attachment-id=\"86279\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/aluminum-products-maker-talco-the-latest-to-join-in-the-ipo-boom\/1384-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1384.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1384.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1384.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1384.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86278\" class=\"content-area-description single-story post-86278 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-al-taiseer-group-talco-industrial-talco tag-enterpriseam-ksa tag-ipo-watch tag-nomu tag-tadawul wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.bde26017-a914-47d6-a110-a3016bcd70e0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Riyadh-based aluminum products maker Al Taiseer Group Talco Industrial <\/strong><strong>(Talco) plans to <\/strong><strong>take a <\/strong><strong>30% stake <\/strong><strong>to Tadawul\u2019s<\/strong><strong> main market through a secondary share sale, <\/strong>it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1379.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a>. It is looking to sell 12 mn ordinary shares on the main market. The sale comes months after it lined up the Capital Market Authority\u2019s approval in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/tVNLW-owEP0rumBZMrT0dXe5Pip-Ray8bDd8IZ2WapvUEqk_3wB3AX6o14VZzZmcyTzOhCTkkSSCbYqcqUIKVmocJ87Cpg6YNx6MgknYg2jmht4smvRg0CczkpCEC1WrFYkVS1n7Wi5QdGDNjH9wZ9dNwXHNRFqIFLW1cwps90bFmmdUe8jVATSsXs80wbTOeMXYNlcpOSuRxCi2qOZFSmLXZ1bGTdtIMxuNftq3DJ_zvuF7S-ajg2aGLpkft-INAweiOxqNTNeGYAYk-brTD_Ewvrchur4fWiE8QADO_8XDJ4d-m3-sO471G-6nJKqTbApsyVTIptLqjX84Is2eXwwX0fTqQWc6mPQNkNvv6tOrUjy9vCRU74MUCt8Uefz1hZhvaz6sa0R9V8ty-zcYhNTyHPcj4YTux4QTwu4IXyinZ5OXcrn_L1QsLS8nSYMZNth0XxvtXilVr_90oANt23ZzKfMSu1xWHTgVspJrPbxjJqmryrMqYzrVFxOMF5dhNh482eUmpOfvF_isUw!!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Institutional investors will be able to place orders for 100% of the offering\u2019s shares, while the financial advisor has the right to allocate 10% of the offering to retail investors \u201cif there is sufficient demand.\u201d Each institutional investor can subscribe to up to 1.99 mn shares and a minimum of 50k shares, while each individual investor can subscribe to a maximum of 250k shares and a minimum of 10 shares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Talco: <\/strong>Founded in 1976, Talco makes and sells aluminum products, thermoset powder coating, and related accessories, according to the prospectus. Its products include powder coated aluminum, wood-finished aluminum, polyester powder, metallic powder, plastic bags and sheets and printing wrapping films.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>Talco is a leader in the industry, with a footprint in 26 countries across the GCC, MENA region and East Asia, Europe, US, and Australia. Several expansions throughout the years helped bring its aluminum production capacity to 60k MT as of June 2023. It currently operates two factories in Riyadh and one in Jeddah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A snapshot of its financial performance: <\/strong>Talco\u2019s net income grew 17.7% y-o-y to SAR 39.8 mn in 1H 2023 despite revenues falling 10.9% y-o-y to SAR 336.6 mn over the same period on lower aluminum prices. Still, aluminum products accounted for 87% of Talco\u2019s total revenues in the first half of last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Post-IPO structure + lock-up period: <\/strong>Talco\u2019s nine substantial shareholders are selling down their positions to a combined 65.09% stake from 92.99%. They will not be able to execute any transactions on their shares for a period of six months starting the first trading day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds:<\/strong> Talco\u2019s selling shareholders will take the transaction\u2019s proceeds home after covering transaction related-expenses \u2014 estimated at SAR 16 mn. All the proceeds will be divided between the selling shareholders on a pro rata basis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IPO timeline:<\/strong> Bankers will take orders from institutional investors starting tomorrow until Thursday, 23 May, while the bookbuilding process for retail investors will run on Tuesday, 28 May to Wednesday, 29 May. A final allocation of shares is slated for Sunday, 2 June, with any excess subscription fees refunded on the same day. The first day of trading remains contingent on fulfilling regulatory requirements, according to the prospectus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- Alinma Investment <\/strong>is quarterbacking the transaction as financial advisor, lead manager, bookrunner and underwriter, while <strong>Stat Law Firm<\/strong> is acting as legal advisor. <strong>PwC<\/strong> is Talco\u2019s financial due diligence advisor. <strong>Front &amp; Sullivan<\/strong> is serving as market consultant, while <strong>KPMG<\/strong> is acting as the company\u2019s auditor. The receiving agents are <strong>Alinma Bank<\/strong>, <strong>Al Rajhi Bank<\/strong>, and <strong>Riyad Bank<\/strong>. <\/p>\n<p class=\"tag-border-left\">POULTRY PRODUCER ENTAJ INCHES CLOSER<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Halal poultry producer Arasco Foods (Entaj) <\/strong><strong>is seeking a listing on Tadawul\u2019s main <\/strong><strong>market after \u201creaching the final stages of submitting the IPO application<\/strong>,<strong>\u201d <\/strong>Ziyad Alsheikh, CEO of parent company Arab Agricultural Services (Arasco), told <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/ar\/article\/articledetail\/id\/1728388\" style=\"\" rel=\"noopener\">Argaam<\/a>. Alsheikh said Entaj has been working extensively on the IPO since last year, expecting the offering somewhere between the end of this year or early 2025 depending on regulatory approvals, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the company: <\/strong>Entaj says it is one of the fastest chicken producers in the Kingdom with a poultry processing capacity of 600k birds per day, according to its <a target=\"_blank\" href=\"https:\/\/entaj.com\/\" style=\"\" rel=\"noopener\">website<\/a>. Its range of products include a variety of fresh, frozen, raw and pre-fried chicken options.<\/p>\n<p class=\"tag-border-left\">SAUDI IPO PIPELINE AT A GLANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among the transactions now in the market or expected soon:<\/strong><\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/49df4304-4dc9-4573-b7d6-1e6540d7469d\" style=\"\" rel=\"noopener\">Fakeeh Care Group<\/a><\/strong> has priced its IPO at the top range after strong demand from institutional investors as it looks to become the largest IPO so far this year;<\/li>\n<li>Fintech startup&nbsp;<strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/108d78f3-ae8f-43fc-aeaa-39f9d514e131\" style=\"\" rel=\"noopener\">Rasan<\/a><\/strong> is set to sell a 30% stake, with subscription period for institutional investors wrapping up over the weekend;<\/li>\n<li>Water treatment outfit <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0c079d3d-57fd-428f-bbc5-271112fe5ac7\" style=\"\" rel=\"noopener\">Miahona<\/a><\/strong> has priced its IPO at the top of the range after recording strong investor appetite;<\/li>\n<li>Labor agency <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/96911c23-6f1f-4fcd-9761-e120d97d11b7\" style=\"\" rel=\"noopener\">Saudi Manpower Company (Smasco)<\/a><\/strong> is selling a 30% stake; with a final share price to be announced today;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1c55c7a4-ce77-4a0c-a7bd-1ad23a8256e0\" style=\"\" rel=\"noopener\">Nupco<\/a><\/strong> \u2014 a unit of the PIF \u2014 has reportedly tapped Rothschild &amp; Co as financial advisor for its potential Tadawul IPO<\/li>\n<li>Budget airline <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e299d7ad-c3f0-4533-bc3f-4dfb58ab2eb4\/\" style=\"\" rel=\"noopener\">Flynas<\/a> is reportedly looking to go public this year;<\/li>\n<li>PIF-backed lender Riyad Bank is considering the listing of its investment banking arm <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/291a8d44-0629-42f6-ae3b-2f9c2eb7bcbd\" style=\"\" rel=\"noopener\">Riyad Capital<\/a><\/strong>;<\/li>\n<li>Hotels and resorts operator <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c8620363-c996-408b-8d01-914668fdbb63\" style=\"\" rel=\"noopener\">Boudl<\/a><\/strong> has filed to go public;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9da021c4-8337-47f8-b4f7-7e13f94d0e7e\" style=\"\" rel=\"noopener\">Fourth Milling Company<\/a><\/strong> will list before the end of June;<\/li>\n<li>Singapore\u2019s <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/927c9005-50b0-4a1f-b4e5-599628a82d8b\" style=\"\" rel=\"noopener\">Olam Group<\/a><\/strong> is mulling the IPO of its Olam Agri subsidiary on Tadawul;<\/li>\n<li>Hypermarket operator<strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eaeb2656-fa3e-4e48-8d21-772adfd9470f\" style=\"\" rel=\"noopener\">Lulu<\/a><\/strong> is said to be eyeing a dual listing on Tadawul and ADX;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/78df2631-68ae-4b15-86cd-59bab3c278b7\" style=\"\" rel=\"noopener\">Aster DM Healthcare<\/a><\/strong> looks set to spin-off its GCC assets and seek a dual listing on Tadawul and in the UAE.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Companies have so far raised nearly USD 700 mn through IPOs this year<\/strong>, with the largest current IPO being Modern Mills <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bf94604c-d669-4f0d-9946-a119503f7306\" style=\"\" rel=\"noopener\">which listed in March<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banking on an IPO boom: <\/strong>Saudi Stock Exchange CEO Mohammed Al Rumaih told Bloomberg <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/75d0ab8b-54f8-4683-8d6d-6f1142e83b44\" style=\"\" rel=\"noopener\">earlier this month<\/a> that he expects the IPO bonanza at home to continue with up to 50 companies seeking listings. \u201cWe have more than ten IPOs approved but waiting for book building and dealing with the asset managers to determine listing and offering dates,\u201d Al Rumaih said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-taiseer-group-talco-industrial-talco\/\">Al Taiseer Group Talco Industrial (Talco)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nomu\/\">Nomu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86280\" 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=\"86280\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/aramco-advances-on-lower-carbon-energy-solutions\/\">\r\n                            Aramco signs three MoUs with US-based companies to advance lower carbon energy solutions                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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       <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/aramco-advances-on-lower-carbon-energy-solutions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1360.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86281\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/aramco-advances-on-lower-carbon-energy-solutions\/1360-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1360.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1360.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1360.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1360.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86280\" class=\"content-area-description single-story post-86280 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-aeroseal tag-aramco tag-energy tag-enterpriseam-ksa tag-jennifer-granholm tag-rondo-energy tag-spiritus 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\/5\/.bb1549bc-7b16-427c-b0c9-141829c288b3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aramco inked three MoUs with US companies to develop lower-carbon energy <\/strong><strong>solutions&nbsp;<\/strong>on the sidelines of US Energy Secretary Jennifer Granholm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/478b8709-dd5b-4c60-a18c-60a2a0d3e193\" style=\"\" rel=\"noopener\">visit to Saudi<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2024\/aramco-signs-three-mous-during-visit-of-us-secretary-of-energy\" style=\"\" rel=\"noopener\">statement<\/a>. The agreements come under Aramco\u2019s efforts to achieve net zero emissions by 2050 and \u201cbuild a lower-carbon new energy business.\u201d The agreements signed include: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- An agreement with climate tech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aeroseal.com\/\" style=\"\" rel=\"noopener\">Aeroseal<\/a><\/strong> to deploy its technology to expand Aramco\u2019s fleet and commercialize the technology in novel applications like gas pipelines and localize Aeroseal\u2019s supply chain at home.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- An agreement with direct air capture startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spiritus.com\/\" style=\"\" rel=\"noopener\">Spiritus<\/a><\/strong> to explore potential investments in direct air capture to help address challenges related to the implementation of the technology due to its high costs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- An agreement with Bill Gates-funded startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/rondo.com\/\" style=\"\" rel=\"noopener\">Rondo Energy<\/a><\/strong> to explore using the startup\u2019s heat batteries in Aramco\u2019s facilities overseas to slash costs and lower emissions. Aramco and Rondo began engineering studies for the first industrial scale deployment of the batteries that could reduce emissions from Aramco\u2019s plants \u201cwith subsequent scale up to 1 GWh.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said<\/strong>: \u201cInnovative technologies deployed at scale can help reduce the costs of reducing carbon emissions, and we are investing in developing these through our R&amp;D, venture capital, and technology deployment programs. We see the technologies of Aeroseal, Spiritus\u2019, and Rondo to have the potential to scale globally, and specifically in the Middle East,\u201d Aramco\u2019s Senior Vice President of Technology, Oversight &amp; Coordination Ali Al Meshari said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was busy for Granholm: <\/strong>The US energy official <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c45378d6-6545-459c-899f-0e5d24424128\" style=\"\" rel=\"noopener\">signed an energy cooperation roadmap<\/a> with Energy Minister Prince Abdulaziz bin Salman last week. The roadmap outlines a timeline for cooperation in \u201ccritical projects\u201d in electricity and renewables, green hydrogen, energy efficiency and others. <\/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\/aeroseal\/\">Aeroseal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jennifer-granholm\/\">Jennifer Granholm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/rondo-energy\/\">Rondo Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/spiritus\/\">Spiritus<\/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=\"86282\" 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=\"86282\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/acwa-power-in-final-push-on-shuaa-energy-3-solar-project-in-dubai\/\">\r\n                            Acwa Power secures operation permit for Shuaa Energy 3 solar project in Dubai                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1400.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86283\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/acwa-power-in-final-push-on-shuaa-energy-3-solar-project-in-dubai\/1400-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1400.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1400.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1400.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1400.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86282\" class=\"content-area-description single-story post-86282 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-acwa-power tag-dubai-electricity-and-water-authority-dewa tag-enterpriseam-ksa tag-gulf-investment-corporation-gic tag-mohammed-bin-rashin-al-maktoum-mbr-solar-park tag-renewables tag-shuaa-energy-3 tag-solar 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\/5\/.912c3e5b-d275-494f-a7b1-d75e59a22955.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Renewables giant Acwa Power has received the commercial operation certificate to <\/strong><strong>begin operating Phase C of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/acwapower.com\/en\/projects\/shuaa-energy-3-pv\/\" style=\"\" rel=\"noopener\">900 MW Shuaa Energy 3<\/a><\/strong><strong> solar project <\/strong>in Dubai \u2014 a part of <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/about-us\/strategic-initiatives\/mbr-solar-park\" style=\"\" rel=\"noopener\">Mohammed bin Rashid Al Maktoum (MBR) solar park<\/a> in the UAE, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZDLDoJADEW_hQVbWlEQ3WEUjI-IEgPOxgyKIwkwBEeJf--AK4yv7tqee3tTIBACyektYVQkPKep7HfE3Bu2ifrUwpXr6BNcO4PRejxxOzjvQdAG0PcMCXjL7gI36KIJ5B89figbf-vJV8TtvwJvIjbAlwwzICzl0fMfdh51LQakjE9xGZfatZTjsxDFZaiiilVVaYxzlsbagWcqvpOc-UVA2CZrrnZpTAQ90uqaSjWRq4Lmd_-eRVwe0tHSoci2ISZeFljC2NmK8gBpJKDB\/dz\/d5\/L0lDU0NRa2dwUXBRa0tDbEVLQ2xFS0lLVVFvZ3BSSWshL1lEVUVBQUFJSUVNRUNLSUVBR0lHT0lPSUJKRkpGQkpORE5EQk5MTEhMSFBJRUVMQWdvZ292QXNDQUEhIS80SkNpaksxYkdMamlFRXBNaFNUVVU1Q21tb1pyZHJMWnpVODF1MWxzRnFLVlZHS0EvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi84MDEyMi9jb21wYW55U3ltYm9sLzIwODIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ironing out the details: <\/strong>Commercial operations are set to be launched at the solar project\u2019s Phase C, which will have a capacity of 300 MW, Acwa Power said. The complete plant, which has an<a href=\"https:\/\/acwapower.com\/en\/projects\/shuaa-energy-3-pv\/\" target=\"_blank\" rel=\"noopener\">investment ticket of USD 570 mn<\/a>, has achieved commercial operation with a total capacity of 900 MW, it said. Acwa Power expects the financial impact of the commercial operations at Phase C to be reflected on its financials in Q3 this year. The MBR solar park, which is the world\u2019s largest single-site solar park using the IPP model, will have a production capacity of 5 GW by 2030 and will help slash 6.5 mn tons of carbon emissions annually upon completion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A look at ownership: <\/strong>Shuaa Energy 3 is a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/shuaa-energy-3\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">special purpose vehicle (SPV)<\/a> set up to develop the fifth phase of the MBR solar park. Dubai state utility Dewa owns a 60% stake and is the sole off-taker of power, while Acwa Power holds a 24% stake. The Gulf Investment Corporation holds the remaining 16%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa continues to be busy this year: <\/strong>The Tadawul-listed utility signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/96623404-2e82-4da4-a7ee-bed67edcc001\" style=\"\" rel=\"noopener\">earlier this month<\/a> a SAR 18.2 bn (c. USD 4.9 bn) power purchase agreement to develop a new 5 GW wind farm in Uzbekistan \u2014 set to become the largest in Central Asia. It signed a water purchase agreement for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/79b65b75-215e-4235-812e-5180e5204c25\" style=\"\" rel=\"noopener\">Senegal\u2019s first desalination project<\/a> under a public-private partnership and a power purchase agreement for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/37882122-e8ad-490b-a75a-36f14257935b\" style=\"\" rel=\"noopener\">Uzbekistan\u2019s Nukus2<\/a> 200 MW wind farm and battery energy storage system. Acwa Power <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8057e521-c72d-4625-a530-6992630065d9\" style=\"\" rel=\"noopener\">also received<\/a> the commercial operation certificate to begin operating the third and final phase of its 1.5 GW Sudair solar project. It also received a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/62cd5077-8b7c-461f-97f3-f7898507dac3\" style=\"\" rel=\"noopener\">similar certificate<\/a> for its Al Taweelah desalination plant in Abu Dhabi. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/60e3da05-ca00-46bd-897d-c137ea411138\" style=\"\" rel=\"noopener\">achieved financial close<\/a> for the solar-powered Hassyan water desalination project in Dubai.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/acwa-power\/\">ACWA power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dubai-electricity-and-water-authority-dewa\/\">Dubai Electricity and Water Authority (Dewa)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gulf-investment-corporation-gic\/\">Gulf Investment Corporation (GIC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mohammed-bin-rashin-al-maktoum-mbr-solar-park\/\">Mohammed bin Rashin Al Maktoum (MBR) solar park<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/renewables\/\">RENEWABLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/shuaa-energy-3\/\">Shuaa Energy 3<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/solar\/\">solar<\/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=\"86284\" 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=\"86284\">\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\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/\">\r\n                            Lots of sports (including Fury vs Usyk) and a bit of normalization                        <\/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\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/\" 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\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/')\">\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\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/\">\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=Lots of sports (including Fury vs Usyk) and a bit of normalization&url=https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/\">\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\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/&title=Lots of sports (including Fury vs Usyk) and a bit of normalization\">\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=Lots+of+sports+%28including+Fury+vs+Usyk%29+and+a+bit+of+normalization+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F05%2F19%2Flots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization%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\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1406.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86285\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/lots-of-sports-including-fury-vs-usyk-and-a-bit-of-normalization\/1406-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1406.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1406.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1406.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1406.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86284\" class=\"content-area-description single-story post-86284 post type-post status-publish format-standard has-post-thumbnail hentry category-saudi-in-the-news tag-cristiano-ronaldo tag-enterpriseam-ksa tag-jon-rahm tag-normalization tag-olympic-summer-games tag-saudi-in-the-news 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\/5\/.be44d79f-8139-41bb-979a-2bc85adf7002.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It was a mixed bag for Saudi in the foreign press<\/strong> over the weekend, with coverage ranging from everything sports to normalization. The two-state solution remains a main talking point, while Cristiano Ronaldo is making headlines again for being the highest paid athlete in the world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPORTS #1- It is too early to speak on Saudi hosting the 2036 Olympic Summer Games<\/strong>, with the Kingdom\u2019s Olympic Committee only focused now on good results in the upcoming Olympic games in Paris in July and August, the committee\u2019s Executive Director of Marketing and Communication Abdulaziz Albaqous told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/olympics\/saudis-look-show-jumping-medal-success-paris-2024-05-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The Saudi delegation is focused on securing medals in Paris especially in the equestrian jumping competition as Saudi equestrian marks its return to the games for the first time since the London Olympics in 2012, Albaqous said. \"Of course, the Kingdom always aspires to host any important international event but it is too early to talk about the Olympics,\" he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPORTS #2- Al Nassr\u2019s Ronaldo led Forbes list of the highest paid athletes in the world <\/strong>after raking in an estimated USD 260 mn in total earnings, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/ronaldo-tops-forbes-list-highest-paid-athletes-again-rahm-second-2024-05-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. Golf world number five Jon Rahm came in second at USD 218 mn after joining Saudi-backed LIV Golf last year. The list also includes Al Hilal\u2019s Neymar who came in seventh place at USD 108 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPORTS #3- Oleksandr Usyk \u201cturned the fight on a dime with a brutal ninth-round assault\u201d<\/strong> that stunned Tyson Fury, sending Fury to the canvas and giving Usyk the crown as the sport\u2019s \u201cfirst undisputed heavyweight champion since Lennox Lewis in 1999\u201d here in Riyadh, <a target=\"_blank\" href=\"https:\/\/www.cbssports.com\/boxing\/news\/tyson-fury-vs-oleksandr-usyk-fight-results-highlights-ukrainian-wins-to-become-undisputed-heavyweight-champ\/live\/\" style=\"\" rel=\"noopener\">CBS News reports<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demands for a two-state solution are emerging as the \u201csingle biggest barrier\u201d to <\/strong><strong>normalization between Saudi and Israel<\/strong>, former CIA director David Petraeus told <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/05\/16\/saudi-israeli-normalization-obstacle-is-two-state-solution-former-cia.html?&qsearchterm=Saudi\" style=\"\" rel=\"noopener\">CNBC<\/a>. \u201cA solid path, a solid commitment to a two-state solution from Israel\u201d is the biggest obstacles for the talks, he said. Officials have repeatedly reiterated that the only way to peace is a credible and irreversible path to establish an independent Palestinian state along the 1967 borders with East Jerusalem as its capital. Meanwhile, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/17\/us\/politics\/israel-saudi-arabia-gaza.html?searchResultPosition=1\" style=\"\" rel=\"noopener\">New York Times<\/a> is examining a resistance by Israel to join in the efforts.<\/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\/cristiano-ronaldo\/\">Cristiano Ronaldo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jon-rahm\/\">Jon Rahm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/normalization\/\">Normalization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/olympic-summer-games\/\">Olympic Summer Games<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-in-the-news\/\">SAUDI IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86286\" 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=\"86286\">\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\/05\/19\/zain-ksa-plans-to-boost-5g-network-coverage-under-fresh-sar-1-6-bn-investment-plan-plus-startups-real-estate-and-manufacturing\/\">\r\n                            Zain KSA plans to boost 5G network coverage under fresh SAR 1.6 bn investment plan. Plus: Startups, real estate and manufacturing                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/zain-ksa-plans-to-boost-5g-network-coverage-under-fresh-sar-1-6-bn-investment-plan-plus-startups-real-estate-and-manufacturing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/zain-ksa-plans-to-boost-5g-network-coverage-under-fresh-sar-1-6-bn-investment-plan-plus-startups-real-estate-and-manufacturing\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/zain-ksa-plans-to-boost-5g-network-coverage-under-fresh-sar-1-6-bn-investment-plan-plus-startups-real-estate-and-manufacturing\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Zain KSA plans to boost 5G network coverage under fresh SAR 1.6 bn investment plan. 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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1398.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1398.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86286\" class=\"content-area-description single-story post-86286 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-agthia-group tag-al-alameya-real-estate-development-company tag-alkhorayef-water-and-power-technologies tag-also-on-our-radar tag-edarat tag-ejada-systems tag-enterpriseam-ksa tag-mdd tag-saudi-fund-for-development-sfd tag-zain-ksa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.b724f127-3f41-467a-8cd6-93abb7c37a19.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Zain KSA plans to expand its 5G network coverage to 122 cities across the Kingdom, up <\/strong><strong>from 66 cities under a fresh SAR 1.6 bn investment plan, <\/strong>it said in <a target=\"_blank\" href=\"https:\/\/sa.zain.com\/en\/all-news\/zain-ksa-invest-sar-16-billion-5g-network-expansion-kingdom\" style=\"\" rel=\"noopener\">a statement<\/a>. \u201cThe plan will see more than 66% of the Kingdom\u2019s populated area covered with 5G services and solutions, increasing the number of Zain KSA\u2019s 5G network sites around the Kingdom to more than 7k.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money coming from?&nbsp;<\/strong>Zain KSA, <a target=\"_blank\" href=\"http:\/\/enterprise.news\/ksa\/en\/news\/story\/864b14fe-aead-4d39-9893-f13082fc2c08\/svc-invests-in-general-atlantic-fund.-plus:-telecoms,-financial-services-and-earnings\" style=\"\" rel=\"noopener\">last week<\/a>, secured two financing facilities from Al Rajhi Bank with a combined SAR 1.6 bn to upgrade the telecom giant\u2019s network infrastructure, and boost its working capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: \u201c<\/strong>We are pleased to announce this huge investment to expand our network as an extension of our approach to harnessing the best technical capabilities and resources to serve the community after launching the largest 5G network in the Middle East, Europe and Africa, and third largest globally,\u201d Zain KSA CEO Sultan bin Abdulaziz Al-Deghaither said.<\/p>\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Logistics startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/en.mdd.sa\/\" style=\"\" rel=\"noopener\">MDD<\/a><\/strong><strong> has closed an undisclosed Series A round from an unnamed <\/strong><strong>individual investor<\/strong>, Entarabi reports citing a company statement. The investor received a 5% equity for their investment which puts the company\u2019s total valuation at SAR 100 mn. The supply chain management and procurement company claims to \u201cshorten all the long stages you go through to complete your facility's purchases in one digital process,\u201d according to the website. The platform handles clients\u2019 order initiation, financing, sourcing, and payment, the news outlet reports.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al-Alameya Real Estate Development, a Saudi-Egyptian joint venture, plans to build 670 villas <\/strong><strong>in Jeddah at an estimated cost of SAR 650 mn<\/strong>, Projects Director Essam Al-Mihi said to <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/05\/17\/article_2727076.html\" style=\"\" rel=\"noopener\">AlEqtisadiah<\/a> on the sidelines of the <a target=\"_blank\" href=\"https:\/\/momrah.gov.sa\/en\/news\/14663\" style=\"\" rel=\"noopener\">Saudi Real Estate Development and Ownership Exhibition<\/a> in Jeddah. The company also launched villa sales in the Al-Sadan project in Al Khomrah\u2019s 195 sqm district earlier this month, with sales expected to be completed by 2027, he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Al-Alameya is investing in three real estate projects valued at SAR 1 bn<\/strong>, including a SAR 180 mn project in Madinah and a SAR 200 mn project in Al-Khobar, with no details disclosed on the third project, he said.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX-listed&nbsp;<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.agthia.com\/our-story\" style=\"\" rel=\"noopener\">Agthia Group<\/a><\/strong><strong> is looking to launch a new <\/strong><strong>AED 84 mn protein factory <\/strong><strong>this <\/strong><strong>quarter<\/strong><strong> in Jeddah under its brand <\/strong><strong><a target=\"_blank\" href=\"http:\/\/nabilfoods.com\/\" style=\"\" rel=\"noopener\">Nabil Food Industries<\/a><\/strong>, the company\u2019s Snacking Business and Government Relations President, Mubarak Al Mansouri, told <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4292204\/-%D8%A3%D8%BA%D8%B0%D9%8A%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D9%86%D8%AA%D9%88%D9%82%D8%B9-%D8%A3%D9%86-%D9%8A%D8%A8%D8%AF%D8%A3-%D8%A7%D9%84%D8%AA%D9%88%D8%B3%D8%B9-%D8%A8%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A8%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A\/\" style=\"\" rel=\"noopener\">Mubasher<\/a>. Total production capacity is expected to come at 3k tonnes, with the possibility of increasing to 8k tonnes after the second production line comes online. Agthia acquired a majority stake in Nabil Food Industries back <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/ar\/article\/articledetail\/id\/1468090\" style=\"\" rel=\"noopener\">in 2021<\/a>. <\/p>\n<p class=\"tag-border-left\">DEVELOPMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA + Maldives: <\/strong>The Saudi Fund for Development (SDF) has granted USD 150 mn in soft loans to the Maldives\u2019 Finance Ministry to support travel and healthcare projects, according to a statement on <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiFund_Dev\/status\/1791415558203662522\" style=\"\" rel=\"noopener\">social media platform X<\/a>. This is in addition to a USD 80 mn for infrastructure and coast protection projects, the fund said in a <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiFund_Dev\/status\/1791422673030902251\" style=\"\" rel=\"noopener\">separate post on X<\/a>. <\/p>\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nomu-listed <\/strong><strong>Edarat communication and IT inked a one-year contract with IT provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ejada.com\/web\/ejada\/about-ejada\" style=\"\" rel=\"noopener\">Ejada<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ejada.com\/web\/ejada\/about-ejada\" style=\"\" rel=\"noopener\">Systems<\/a><\/strong><strong> valued at SAR 3.5 mn to set up cloud computing services<\/strong> for an unnamed state-owned company, it said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4bcfcrne\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. <\/p>\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul-listed Alkhorayef Water and Power Technologies has upped the value of a credit <\/strong><strong>facility it had obtained earlier from Saudi Awwal Bank to SAR 749 mn<\/strong>, up from SAR 519 mn, according to a disclosure on <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jdDNUoMwFAXgZ3HBlnsbyo_uqLTU1kqRcYrZOEFjihMShlIZ3t60XaG1ml0m3zlzb4BCDlSxz1KwttSKSXN_pt6LG3pI5gEm8YxMMZ1dT9JoGo9wOYbNEGC2dg1Yr5x7fMQYPaD_yeMvJ8S_83RIgii6NWQZzBeYEPT8H2AVe5g-hGlCfBcxI9_BmR2O4NKQF8eMfci4ggVQIXVx-tVt29Y3FlrYsjfW7aVlSl51VTPVZ31VaIMIBqMDDVXhBAJow995wxt735jHQ353LOi6zhZaC8ltU2B6zkS2etdCPpRQV085lncfY1r0jhRXX0dRZu4!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVNRFBQQXZBblBNSW9FRUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi84MDEzNi9jb21wYW55U3ltYm9sLzIwODEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">Tadawul<\/a>. The company didn\u2019t disclose information about where the funds are going.<\/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\/agthia-group\/\">Agthia Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-alameya-real-estate-development-company\/\">Al-Alameya Real Estate Development Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/alkhorayef-water-and-power-technologies\/\">Alkhorayef Water and Power Technologies<\/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\/edarat\/\">Edarat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ejada-systems\/\">Ejada Systems<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mdd\/\">MDD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-fund-for-development-sfd\/\">Saudi Fund for Development (SFD)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zain-ksa\/\">Zain KSA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86288\" 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=\"86288\">\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 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  <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/chinese-investment-in-north-africa-eastern-europe-central-asia-more-than-double-that-of-us-and-germany-combined\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1235.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86289\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/05\/19\/chinese-investment-in-north-africa-eastern-europe-central-asia-more-than-double-that-of-us-and-germany-combined\/1235-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1235.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1235.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1235.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1235.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86288\" class=\"content-area-description single-story post-86288 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-china tag-ebrd tag-enterpriseam-ksa tag-financial-markets tag-foreign-direct-investment tag-planet-finance 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\/5\/.d2f5fb9d-4727-4d11-a8e7-ea2f78d20f13.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chinese FDI accounted for almost 39% of the total greenfield investments in 2023&nbsp;<\/strong>of the 36 countries in which the European Bank for Reconstruction and Development (EBRD) operates, jumping up from 5.1% in 2022, the EBRD said in its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1183.pdf\" style=\"\" rel=\"noopener\">Regional Economic Prospects report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cChina is dwarfing FDI from Germany and the US,\u201d <\/strong>the EBRD\u2019s chief economist Beata Javorick told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/bf9132d1-09c7-4604-b972-043f44812eaa\" style=\"\" rel=\"noopener\">Financial Times<\/a>. The world\u2019s factory put forward more than twice as much investment last year than the US and Germany combined, who each accounted for less than 8% of total investment in the nations the bank works in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sudden splurge in investment may be more about circumventing US trade barriers<\/strong><strong> than anything else:<\/strong> \u201cChina has tried to diversify production locations in terms of potential trade barriers,\u201d Javorick told the salmon-colored paper. The Biden administration continued ramped-up trade tariffs on Chinese goods inherited from the previous administration and this week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/896e98dd-3f94-4b11-88a5-03d68b0d3b45\/us-quadruples-tariffs-on-chinese-evs-to-100%2525\" style=\"\" rel=\"noopener\">imposed<\/a> additional tariffs on a further USD 18 bn worth of Chinese imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While China is looking to invest abroad to avoid tariffs, Russia is looking to China to<\/strong><strong> avoid sanctions:<\/strong> China and Russia <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/putin-visit-chinas-xi-deepen-strategic-partnership-2024-05-15\/\" style=\"\" rel=\"noopener\">affirmed<\/a> a \u201cnew era\u201d of relations between the states during Russian premier Putin\u2019s two-day visit to the nation over the weekend that will see Russia becoming ever-more reliant on the Asian nation. Putin seems to have secured a commitment to a closer economic relationship as Russian businesses increasingly look to China as imports of key production inputs from Europe and much of the rest of the world are cut off by sanctions from Russia\u2019s invasion of Ukraine.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE ON WALL STREET- The Dow Jones Industrial Average closed above 40k for the <\/strong><strong>first time<\/strong> in its 139-year history on Friday, amid optimism that the Fed will cut rates soon. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/futures-edge-lower-rally-loses-some-steam-2024-05-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p><a target=\"_blank\" id=\"t.942cd11a95d195fe90ec70a784d403b87bf69e4a\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,198<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,530<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: -1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NomuC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">26,484<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">26,143<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.3% (YTD: +5.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,042<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.00% (YTD: -5.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,068<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,303<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +11.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,420<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +8.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,064<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +12.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 83.98  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.63  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+5.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,417.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 66,906<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +59.2%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI rose 0.8% on Thursday <\/strong>on turnover of SAR 7.1 bn. The index is up 1.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Acig (+6.5%), Acwa Power (+6.2%) and MBC Group (+4.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Bindawood (-10%), Al Babtain (-7.7%) and Al Baha (-7.1%).<\/p>\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong><strong> fell 0.7% on Thursday <\/strong>on turnover of SAR 36.6 mn. The index is up 8.0% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Ngdc (+8.8%), Tam Development (+4.5%) and Mobi Industry (+4.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Qomel (-9%), Ghida AlSultan (-7.4%) and Academy of Learning (-6.7%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ebrd\/\">EBRD<\/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\/foreign-direct-investment\/\">foreign direct investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86290\" 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=\"86290\">\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\/05\/19\/arab-league-summit-calls-for-deployment-of-un-peacekeepers-to-occupied-palestine\/\">\r\n                            Arab League Summit calls for deployment of UN peacekeepers to occupied Palestine                        <\/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\/05\/19\/arab-league-summit-calls-for-deployment-of-un-peacekeepers-to-occupied-palestine\/\" 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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Aside from calling for an immediate ceasefire and an end to the forced displacement of the Gaza population, the declaration also addressed the situation in Libya, Sudan, Syria, and Yemen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Crown Prince and Prime Minister Mohammed bin Salman met with Jordan\u2019s King <\/strong><strong>Abdullah II and Syrian President Bashar Al Assad<\/strong> on the sidelines of the summit in two separate meetings, SPA reported (<a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2104211\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2104216\" style=\"\" rel=\"noopener\">here<\/a>). He also held talks with <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2104213\" style=\"\" rel=\"noopener\">Kuwait\u2019s newly appointed Prime Minister Sheikh Ahmad Abdullah Al Sabah<\/a> and <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2104210\" style=\"\" rel=\"noopener\">UN Secretary General Antonio Guterres<\/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\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/un\/\">UN<\/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=\"86292\" 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\/05\/19\/86292\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86292\" class=\"content-area-description single-story post-86292 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fpf.sa\/en\" style=\"\">Future Projects Forum<\/a><\/span><span style=\"font-weight:400;\">, Four Seasons Hotel, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20-22 May (Monday-Wednesday): Future Aviation Forum, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thesaudifoodshow.com\/\" style=\"\">The Saudi Food Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aci.aero\/events\/aci-asia-pacific-aci-world-annual-general-assembly-conference-and-exhibition-waga\/\" style=\"\">WAGA 2024<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">25 May (Saturday): Bidding deadline for Duba\u2019s seawater reverse osmosis desalination plant in Tabuk.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27-28 May (Monday-Tuesday): Smart Data & AI Summit Saudi, JW Marriott Hotel, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29 May (Wednesday): Sanabil 500 MENA seed accelerator demo day, Four Seasons Hotel, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Global Trade Review (GTR): KSA<\/span><\/li>\n<li><span style=\"font-weight:400;\">Saudi Energy Convention<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 June (Saturday): OPEC+ meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-3 June (Sunday-Monday): Global Project Management Forum, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudisportshow.com\/\" style=\"\">Saudi Sports Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aqaratexpo.com\/en\/home\/\" style=\"\">Aqarat Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/optimism.enterprise.news\/\" style=\"\">The Optimism Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digitransformationsummit.com\/ksa\/\" style=\"\">Digital Transformation Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14-22 June (Friday-Saturday): Banks and capital markets closed for Eid Al Adha holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-15 August (Monday-Thursday): The Saudi Food Expo, Riyadh <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/globalaisummit\/status\/1789658478690078841\" style=\"\">Global AI Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/saudi-event-show\/\" style=\"\">The Saudi Event Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-19 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>18-19 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\">Saudi Maritime & Logistics Congress<\/a><\/span><span style=\"font-weight:400;\">, Dammam.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 September (Tuesday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiinfrastructureexpo.com\/\" style=\"\">Saudi Infrastructure Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention and Exhibition Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 September (Monday): National Day (national holiday).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-22 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartportstransformation.com\/\" style=\"\">Smart Ports & Logistics Transformation Summit<\/a><\/span><span>, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-9 November (Saturday- Saturday): WTA Finals, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiarabia-energy.com\/en\/home.html\" style=\"\">Saudi Electricity Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cityscapeglobal.com\/en\/home.html\" style=\"\">Cityscape Global<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theheatshow.com\/beta\/\" style=\"\">The Heavy Equipment and Truck Show<\/a><\/span><span style=\"font-weight:400;\">, Dammam.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">25-27 November (Monday-Wednesday): World Investment Conference, Riyadh.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-28 November (Tuesday-Thursday): Saudi Electricity Expo, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 December (Wednesday): FIFA Congress, which will decide the hosting countries for the FIFA World Cup 2030 and 2034<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2024:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The AFC Champions League Elite<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>Talco IPO | Zain to invest SAR 1.6 bn in 5G network | Ronaldo\u2019s big payday. Saudi Energy Convention<\/p>\n","protected":false},"featured_media":86274,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-86273","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2474bf66-4d77-40cf-8afb-b9ff6bb72776","teaser":"Talco IPO | Zain to invest SAR 1.6 bn in 5G network | Ronaldo\u2019s big payday. 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