{"id":92503,"date":"2024-12-15T00:00:00","date_gmt":"2024-12-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=92503"},"modified":"2025-12-14T19:46:37","modified_gmt":"2025-12-14T19:46:37","slug":"pif-now-owns-15-of-heathrow-airport-apple-launching-stores-here","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/pif-now-owns-15-of-heathrow-airport-apple-launching-stores-here\/","title":{"rendered":"PIF now owns 15% of Heathrow Airport + Apple launching stores here"},"content":{"rendered":"<section id=\"92505\" 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=\"92505\">\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\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/\">\r\n                            THIS MORNING: Riyadh Metro rolls out lines 2 &amp; 5 today, eyes line 3 launch next month                        <\/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\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/\" 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\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/')\">\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\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/\">\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=Riyadh Metro rolls out lines 2 &#038; 5 today, eyes line 3 launch next month&url=https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/\">\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\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/&title=Riyadh Metro rolls out lines 2 &#038; 5 today, eyes line 3 launch next month\">\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=Riyadh+Metro+rolls+out+lines+2+%26%23038%3B+5+today%2C+eyes+line+3+launch+next+month+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F12%2F15%2Friyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month%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\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"92506\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/riyadh-metro-rolls-out-lines-2-5-today-eyes-line-3-launch-next-month\/1341-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1341.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92505\" class=\"content-area-description single-story post-92505 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-2034-world-cup tag-dar-global tag-enterpriseam-ksa tag-expo-2030 tag-mining tag-rapidan-energy-group tag-saudi-data-and-artificial-intelligence-authority-sdaia tag-saudia tag-trump-tower 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\/12\/.2db914ad-8fa6-469c-bc59-f92434151b48.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>We hope you had a relaxing weekend. If you were hoping for signs of the end-of-year news slowdown, we have little to offer you but disappointment: It\u2019s another busy day in the Kingdom, so we\u2019re going to jump right in. <\/p>\n<p style=\"padding: 0px; margin: 0px; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"> BUT FIRST- Apple is expanding into Saudi Arabia, with plans to open an online store in summer 2025 and and \u201cseveral\u201d flagship brick-and-mortar stores starting in 2026, the tech giant said in a <a target=\"_blank\" href=\"https:\/\/www.apple.com\/newsroom\/2024\/12\/apple-announces-apple-retail-expansion-in-the-kingdom-of-saudi-arabia\/\" style=\"\" rel=\"noopener\">statement<\/a> out overnight. Look for one of those stores to open in Diriyah at some point. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>Apple already has more than 90 points of sale across the country through its distributor network, which ranges from telecos to speciality retailers including our friends at eXtra as well as Aleph and Jarir. The company says it has spent more than SAR 10 bn in Saudi over the past five years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The Trump Organization and Dar Global will build a new tower and a golf property <\/strong><strong>Riyadh<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trump-organization-plans-second-saudi-arabian-tower-regional-expansion-2024-12-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The news came just a day after the Trump Organization unveiled plans for a Trump Tower <\/strong><strong>in Jeddah. <\/strong>Eric Trump, the president-elect\u2019s son and a top Trump Organization official, talked up the <a target=\"_blank\" href=\"https:\/\/darglobal.co.uk\/trump-tower-jeddah\" style=\"\" rel=\"noopener\">Jeddah tower<\/a> in a <a target=\"_blank\" href=\"https:\/\/x.com\/EricTrump\/status\/1866831899131617513?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1866831899131617513%7Ctwgr%5Edc9a3a1b544fd6c5801bba1443627d0699e73222%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Faawsat.com%2FD8A7D984D8A7D982D8AAD8B5D8A7D8AF%2F5091390-D8A5D8B7D984D8A7D982-D8A8D8B1D8AC-D8AAD8B1D985D8A8-D8ACD8AFD8A9-D8B9D984D8A7D985D8A9-D981D8A7D8B1D982D8A9-D981D98A-D8B3D988D982-D8A7D984D8B9D982D8A7D8B1D8A7D8AA-D8A7D984D981D8A7D8AED8B1D8A9-D8A8D8A7D984D8B3D8B9D988D8AFD98AD8A9\" style=\"\" rel=\"noopener\">post on X<\/a> and told Reuters the group is looking to enter Abu Dhabi \u201cin the next year or so.\u201d Dar Global is a London-listed, UAE-headquartered unit of Saudi\u2019s Dar Al Arkan Real Estate Development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about the Jeddah tower:<\/strong> The Jeddah tower will feature 350 residential units, which are going for SAR 2-15 mn, <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/5091390-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%A8%D8%B1%D8%AC-%D8%AA%D8%B1%D9%85%D8%A8-%D8%AC%D8%AF%D8%A9-%D8%B9%D9%84%D8%A7%D9%85%D8%A9-%D9%81%D8%A7%D8%B1%D9%82%D8%A9-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%81%D8%A7%D8%AE%D8%B1%D8%A9-%D8%A8%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reports, with Aleqtisadiah having earlier placed the value <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dc34d595-ad8c-4f4a-9845-4a0242ecb95e\/saudi-arabia-is-hosting-the-2034-world-cup#:~:text=%232%2D%20How%20much%20will%20a%20unit%20at%20Jeddah%E2%80%99s%20Trump%20Tower%20set%20you%20back%3F%20Apartments%20in%20Jeddah%E2%80%99s\" style=\"\" rel=\"noopener\">between SAR 2-10 mn<\/a>. Construction should wrap by December 2029, according to Dar Global\u2019s website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Saudia plans to double its fleet ahead of Expo 2030 and the 2034 Fifa <\/strong><strong>World Cup<\/strong>, adding 191 aircraft to its current fleet of 190, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/world\/gulf\/saudi\/expo-2030-and-world-cup-2034-saudi-airlines-to-double-fleet-with-191-new-aircraft-1.1734172654469\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports, citing a statement from Saudia\u2019s Spokesperson Abdullah Al Shahrani.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Saudi Arabia was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dc34d595-ad8c-4f4a-9845-4a0242ecb95e\/this-morning:-saudi-arabia-is-hosting-the-2034-world-cup\" style=\"\" rel=\"noopener\">officially awarded<\/a> the right to host the 2034 Fifa World Cup after its bid went uncontested, receiving strong backing from the Football Association.<\/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>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> Riyadh Metro Line 2 (King Abdullah Road) and Line 5 (King <\/strong><strong>AbdulAziz Road) both launch <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/042112b3-ae1d-4e47-8557-dbfeb41ce664\/riyadh-metro%25e2%2580%2599s-blue%253cmark%253e-line%253c%2Fmark%253e-begins-operations-today\" style=\"\" rel=\"noopener\">today<\/a><\/strong>, bringing the total number of operating lines to five. Line 2 will be operated by Capital Metro Company, while line 5 will be operated by Flow Consortium, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2225254\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. This comes after a successful pilot <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/042112b3-ae1d-4e47-8557-dbfeb41ce664\/%253cmark%253eriyadh-metro%253c%2Fmark%253e%25e2%2580%2599s-blue-line-begins-operations-today\" style=\"\" rel=\"noopener\">earlier in the month<\/a>, which introduced three of the network\u2019s six lines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The final spur \u2014 Line 3 (Al Madinah Al Munawwarah Road) \u2014 is set to launch on 5 January. Chinese railway firms are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bcbe499a-5e67-420b-ae35-54ad983a4b36\/uk-prime-minister-lands-in-the-gcc-today\" style=\"\" rel=\"noopener\">vying<\/a> for contracts to build Riyadh Metro's seventh line, a 65 km route connecting Qiddiya City, King Salman Park, Diriyah Gate, New Murabba, and King Khaled International Airport.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Riyadh Metro will offer rides at no charge in neighborhoods that are within a 5 km <\/strong><strong>radius from metro <\/strong><strong>stations starting February<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/12\/12\/article_2754122.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> reports citing a document it has seen. The \u201cFirst and Last Mile\u201d service will be free for the first six months and half-priced for the next six months. A tender will be issued to select transport companies to operate the service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> #2- November inflation data is set to be released <\/strong><strong>today<\/strong> by the General Authority for Statistics (Gastat). Inflation accelerated to 1.9% y-o-y <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a2625fd1-3efa-44f6-96bc-27275473751e\/%253cmark%253einflation%253c%2Fmark%253e-registers-a-record-high-this-year-at-1.9%2525-y-o-y-in-october\" style=\"\" rel=\"noopener\">in October<\/a>, up from 1.7% in September. October\u2019s readings marked the highest inflation rate seen so far this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EVENTS TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The five-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/igfriyadh2024.sa\/index.html\" style=\"\" rel=\"noopener\">Internet Governance Forum<\/a><\/strong><strong> will open its doors today <\/strong>at King Abdulaziz International Conference Center in Riyadh. The agenda for the UN forum focuses on innovation and risk management in the digital space, leveraging technology for peace and sustainability, advancing inclusion and human rights, and improving digital governance. You can <a target=\"_blank\" href=\"https:\/\/igfriyadh2024.sa\/registration.html\" style=\"\" rel=\"noopener\">register here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The three-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/internationalmicesummit.com\/\" style=\"\" rel=\"noopener\">International MICE Summit (IMS24)<\/a><\/strong> <strong> kicks off in <\/strong><strong>Riyadh<\/strong>, garhtering global event leaders, government officials, and business folks to explore investment opportunities in the international and domestic hospitality and tourism sectors. Key speakers include executives from Informa PLC, RX Global, Messe Munich, Clarion Events, and Messe Dusseldorf. <a target=\"_blank\" href=\"https:\/\/registration.internationalmicesummit.com\/info\" style=\"\" rel=\"noopener\">Register here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sc-2030.com\/en\" style=\"\" rel=\"noopener\">Supply Chain and Logistics Conference<\/a><\/strong><strong> gets underway this morning at <\/strong><strong>the Hilton <\/strong><strong>Riyadh Hotel.<\/strong> On the agenda: investment in the Kingdom\u2019s logistics sector, with key speakers including Transport Minister Saleh Al Jasser, along with the ministers of industry and mineral resources, and investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER<\/strong><strong>- <\/strong><strong>We\u2019re in for another cool day in Riyadh<\/strong>, with a high of 19\u00b0C and a low of 6\u00b0C. The mercury in Jeddah mercury will peak at 30\u00b0C before dipping to a low of 20\u00b0C. Meanwhile, Madinah will see a high of 25\u00b0C and a low of 11\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> IPO WATCH- <\/strong>Shares of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/973ea6e6-0e2a-4317-9275-79dc160a51d1\/balsm-alofoq-prices-nomu-ipo-at-sar-60-per-share\" style=\"\" rel=\"noopener\">Balsm Alofoq<\/a> will begin trading on Nomu tomorrow at SAR 60 apiece. Trading in the first three days will be capped at \u00b130%, after which the daily limit will be capped at \u00b110.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Buraidah-based hospital operator is taking a 25% stake <\/strong><strong>to Tadawul's<\/strong><strong> parallel market. <\/strong>The final pricing sees the medical firm raising SAR 15 mn in proceeds, giving it a market cap of SAR 75 mn at listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Winter schedule for some schools:<\/strong> The start of the school day will be delayed to 9AM from today until Thursday in schools in <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2225245\" style=\"\" rel=\"noopener\">Tabuk<\/a>, while <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2225198\" style=\"\" rel=\"noopener\">Al-Jouf Region<\/a> will start today implementing its winter academic schedule. <\/p>\n<p class=\"tag-border-left\">DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mada Cards saw a 36.7% y-o-y rise in sales transactions in October to SAR 18.3 bn<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1104.pdf\" style=\"\" rel=\"noopener\">Sama data (pdf)<\/a>. Total transactions by cardholders climbed 29.3% y-o-y during the month to SAR 100.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom\u2019s crude supplies to China are set to reach a three-month high in January<\/strong>, as shipments rise to 46 mn barrels, up from December\u2019s 36.5 mn barrels, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/saudi-crude-oil-supply-china-rebound-jan-vs-dec-sources-say-2024-12-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing unnamed trade sources. The increase comes on the back of Aramco\u2019s decision to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/8764a145-0ea1-4723-b449-384e6aa9a096\/in-loving-memory-of-sakhr-abdulrahman-mohammed-al-mulhem\" style=\"\" rel=\"noopener\">cut the premium on Arab Light crude<\/a> for Asian buyers in January, bringing prices to their lowest in four years, the newswire said. Meanwhile, higher prices and fewer supplies out of Iran have also made Saudi crude more competitive, with both state-owned and private Chinese refineries expected to increase their uptake of Saudi crude. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LOOKING AHEAD- Global oil markets are expected to \u201center a boom cycle\u201d by 2035<\/strong> fueled by sustained demand growth, particularly in China, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-13\/oil-prices-set-for-new-boom-after-2035-on-demand-rapidan-says\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing <a target=\"_blank\" href=\"https:\/\/www.rapidanenergy.com\/\" style=\"\" rel=\"noopener\">Rapidan<\/a><a target=\"_blank\" href=\"https:\/\/www.rapidanenergy.com\/\" style=\"\" rel=\"noopener\">Energy Group<\/a>. The consultancy sees global oil consumption growing until 2050, while gasoline is expected to see increasing demand to 2035 despite the switch to EVs. Dwindling spare capacity could drive prices to USD 150 a barrel by 2035, if there are no new investments to increase oil production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the meantime, oil producers are set to contend with a supply glut<\/strong>, as ramping productions from non-Opec+ producers push prices to as low as USD 55 a barrel. \u201cThis puts OPEC+ in an unenviable position,\u201d Rapidan says, whereby the cartel will have to choose to either cede market share or allow prices to plummet to pressure competitors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><strong>SPORTS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lee Chieh-po secured a spot in the 2025 LIV Golf season after winning the 36-hole LIV <\/strong><strong>Golf Promotions event in Riyadh<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.livgolf.com\/news\/max-lee-wins-liv-golf-promotions-earns-spot-in-2025-league-season\" style=\"\" rel=\"noopener\">statement<\/a> from LIV Golf. The 30-year-old became the first player from Chinese Taipei to earn full-time status in the league.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Syria dominates the conversation on the global front pages this morning <\/strong>as business leaders the world over gird for the last really busy week ahead of what most hope will be a year-end slowdown.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN SYRIA- Russia is backing out, but not completely<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/russia-pulling-back-not-out-syria-sources-say-2024-12-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> exclusive, citing four Syrian officials. While the Russian military has <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/news\/world\/russia-syria-military-dismantling-equipment-rcna184236\" style=\"\" rel=\"noopener\">been seen<\/a> dismantling equipment at one of its Syrian bases, it will remain present at its two main bases with \u201cno intention\u201d of pulling out of the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US is ready to recognize key opposition group Hayat Tahrir Al Sham <\/strong>as Syria\u2019s government if it creates an inclusive government that represents the people of Syria, Secretary of State Antony Blinken <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-14\/us-spoke-directly-with-syria-s-rebel-government-blinken-says?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">said yesterday<\/a> following his latest trip to the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- South Korea\u2019s parliament impeached President Yoon Suk Yeol <\/strong>yesterday. Yoon <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb8bacf0-6544-41ed-a38f-eb27dcf9bf12\/egp-falls-to-lowest-level-since-march-float,-passing-egp-50-mark-against-the-greenback\" style=\"\" rel=\"noopener\">narrowly avoided<\/a> impeachment earlier this month for briefly imposing martial law. Prime Minister Han Duck-soo will serve as acting president, promising to \"stabilize the situation\u201d and \u201cbring back normalcy for the people.\u201d (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/south-korea-martial-law-yoon-impeach-6432768aafc8b55be26215667e3c19d0\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/dec\/14\/south-korea-president-yoon-suk-yeol-downfall-analysis\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c140xjv31lxo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/12c6cc28-e267-4dc9-ae32-410ed1581f8b\" style=\"\" rel=\"noopener\">Financial Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- ABC News will pay USD 15 mn to Donald Trump\u2019s foundation and museum<\/strong> as part of a settlement in a defamation lawsuit after one of its anchors claimed the president-elect had been found \u201cliable for rape.\u201d (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-14\/abc-settles-trump-defamation-case-with-a-15-million-donation?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"http:\/\/iab\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cgrw57q4y9do\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/12\/14\/politics\/trump-abc-news-defamation-lawsuit-settle\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THE BUSINESS PAGES- <\/strong>Joe Biden looks set to block Nippon Steel\u2019s <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7679811f-f46c-4113-b9a2-d43b86a5123c\" style=\"\" rel=\"noopener\">USD 15 bn acquisition<\/a> of US Steel. Tech CEOs are \u201cbending the knee\u201d to President-elect Donald Trump, <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/donald-trump-ceos-corporate-influence-second-term-df1455f7\" style=\"\" rel=\"noopener\">the WSJ<\/a> and <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/12\/13\/tech-companies-most-threatened-by-trump-donating-to-inauguration-fund.html\" style=\"\" rel=\"noopener\">CNBC<\/a> note. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the AI arms race continues to heat up<\/strong>, with OpenAI still set to unveil new features as part of what it had originally (and oh-so-badly) dubbed <a target=\"_blank\" href=\"https:\/\/openai.com\/12-days\/\" style=\"\" rel=\"noopener\">12 Day of Shipmas<\/a> while Google has unveiled a new look, additional features, and a corporate subscription to its hot <a target=\"_blank\" href=\"https:\/\/blog.google\/technology\/google-labs\/notebooklm-new-features-december-2024\/?utm_source=pocket_shared\" style=\"\" rel=\"noopener\">NotebookLM<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/impaq.media.gov.sa\/\" style=\"\" rel=\"noopener\">Impact Makers Forum (ImpaQ)<\/a><\/strong><strong> is set to open its doors on 18 December<\/strong>, bringing together media influencers, industry experts, and digital content creators in Riyadh\u2019s Mayadeen Hall.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The International Forum for Saudi Reef is scheduled for 16-18 December in the <\/strong><strong>Intercontinental Al Ahsa<\/strong>, covering sustainable agriculture, rural entrepreneurship, and technology in farming.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>The two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/forbesmiddleeastevents.com\/women-summit-2024\/\" style=\"\" rel=\"noopener\">Forbes Middle East\u2019s Women\u2019s Summit<\/a><\/strong><strong> will take place on 18 December <\/strong>at the Riyadh International Convention and Exhibition Center. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An all-star speakers lineup: <\/strong>Confirmed speakers include Princess Lamia Bint Majed Saud Al Saud, Princess Prof. Mashael Bint Mohammed Al Saud, Princess Doaa Bint Mohammed, and our friend Dalia Khorshid. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/pif-closes-15-acquisition-of-heathrow-airport\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1285.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"92509\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/pif-closes-15-acquisition-of-heathrow-airport\/1285-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1285.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1285.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1285.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1285.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92508\" class=\"content-area-description single-story post-92508 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam-ksa tag-heathrow-airport tag-infrastructure tag-ma-watch tag-public-investment-fund-pif wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.525451a8-b649-4aea-97b1-03dd51861e09.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>London just got a bit more Saudi:<\/strong> The Public Investment Fund (PIF) has completed the acquisition of a 15% stake in FGP TopCo, Heathrow Airport\u2019s parent company, from Spanish infrastructure player Ferrovial and other shareholders, according to a <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/news-and-insights\/press-releases\/2024\/pif-completes-its-acquisition-of-15-stake-in-heathrow-airport\/\" style=\"\" rel=\"noopener\">statement<\/a>. At the same time, Paris-based equity firm Ardian snapped up 22.6% in the London airport for the same group of shareholders via a separate vehicle. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ironing out the kinks: <\/strong>PIF and Ardian had entered into a binding agreement with Ferrovial <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fd07d732-6415-45fc-a431-f60cb6ba06a8\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fd07d732-6415-45fc-a431-f60cb6ba06a8\" style=\"\" rel=\"noopener\">November<\/a> of last year which would have seen the pair grab 10% and 15% stakes apiece in FGP TopCo. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2f9dc4b3-994a-4503-a873-c8280e953755\/pif-is-getting-more-of%253cmark%253e-heathrow%253c%2Fmark%253e-airport\" style=\"\" rel=\"noopener\">agreement was later revised<\/a> in June after some FGP Topco shareholders exercised tag-along rights, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/24422466-f1c2-4b31-968e-4608b7febc7b\" style=\"\" rel=\"noopener\">demanding to be bought out<\/a> so as to not block the full sale. The revised agreement sees the PIF and Ardian acquiring a 37.6% stake in the airport for GBP 3.3 bn (c.USD 4.1 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>If a shareholder exercises tag-along rights, the buyer must take their shares at the same price it offered other shareholders \u2014 or walk away.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/heathrow-airport\/\">Heathrow Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"92510 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"92510\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/92510\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92510\" class=\"content-area-description single-story post-92510 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1836.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"92511\" 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=\"92511\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/so-much-ma\/\">\r\n                            A flurry of M&amp;A news from Ma\u2019aden + Etihad Atheeb + ADNH Catering                        <\/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\/12\/15\/so-much-ma\/\" 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\/12\/15\/so-much-ma\/')\">\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\/12\/15\/so-much-ma\/\">\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=So \u2026 much \u2026 M&#038;A \u2026&url=https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/so-much-ma\/\">\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\/12\/15\/so-much-ma\/&title=So \u2026 much \u2026 M&#038;A \u2026\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=So+%E2%80%A6+much+%E2%80%A6+M%26%23038%3BA+%E2%80%A6+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F12%2F15%2Fso-much-ma%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\/12\/15\/so-much-ma\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1152.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"92512\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/so-much-ma\/1152-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1152.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1152.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1152.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1152.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92511\" class=\"content-area-description single-story post-92511 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-adnh-catering tag-compass-group tag-ejad-tech tag-enterpriseam-ksa tag-etihad-atheeb-telecommunications tag-ma-watch tag-maaden 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\/12\/.9abb5e63-33bd-4fa8-90ff-0c6f2a657d89.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It\u2019s a busy morning for the M&A folks<\/strong>, with at least three transactions worth a moment of your time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong>Saudi Arabian Mining Company (Ma\u2019aden)<\/strong><strong> wants more phosphate in its portfolio: <\/strong>The company\u2019s board has approved a capital increase that will allow it to take over Mosaic Phosphates BV\u2019s full 25% stake in a JV with petrochemicals firm Sabic, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84123&anCat=1&cs=1211&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Ma\u2019aden <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3ec899bd-7a3f-439f-87c0-8dacf57de897\/ma%25e2%2580%2599aden-acquires-25%2525-stake-in-jv-with%253cmark%253e-mosaic%253c%2Fmark%253e-%2B-sabic\" style=\"\" rel=\"noopener\">inked the share purchase agreement<\/a> with Mosaic back in April; the transaction will bring the miner\u2019s total stake in Maaden Wa\u2019ad Al Shamal Phosphate (MWSPC) to 85%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Under the agreement, which received the Capital Market Authority\u2019s approval <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2d8178d4-d786-4c9d-a3f5-b3c0308538aa\/saudi-us-pacts-without-normalization-with-israel-on-the-table%3F#:~:text=%233%2D%20Maaden%20draws%20closer%20to%20upping%20its%20stake%20in%20Mosaic%20%2B%20Sabic%20JV%3A%20Saudi%20Arabian%20Mining\" style=\"\" rel=\"noopener\">last<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2d8178d4-d786-4c9d-a3f5-b3c0308538aa\/saudi-us-pacts-without-normalization-with-israel-on-the-table%3F#:~:text=%233%2D%20Maaden%20draws%20closer%20to%20upping%20its%20stake%20in%20Mosaic%20%2B%20Sabic%20JV%3A%20Saudi%20Arabian%20Mining\" style=\"\" rel=\"noopener\">month<\/a>, Ma\u2019aden will boost its capital by 3% to around SAR 38 bn by issuing 111 mn new ordinary shares, which will go to Mosaic in exchange for its stake and marketing rights in MWSPC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>ADNH Catering expands operations in KSA:<\/strong> Abu Dhabi National Hotels\u2019 catering arm, <a target=\"_blank\" href=\"https:\/\/www.adnhc.me\/\" style=\"\" rel=\"noopener\">ADNH Catering<\/a>, entered into a sales and purchase agreement with <a target=\"_blank\" href=\"https:\/\/www.compass-group.com\/en\/index.html\" style=\"\" rel=\"noopener\">Compass Group<\/a> to up its 30% stake in their Saudi JV to 50%, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1277.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf).<\/a> Al Rushaid Group will hold the remaining stake. The transaction is expected to close in 1Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi JV will be rebranded following the completion of the acquisition<\/strong>, with ADNH Catering managing and controlling its operations as part of a separate shareholder agreement with Al Rushaid.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Tadawul-listed Internet service provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.go.com.sa\/en\" style=\"\" rel=\"noopener\">Go Telecom<\/a><\/strong><strong> will acquire a 51% stake in digital <\/strong><strong>transformation outfit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ejadtech.sa\/\" style=\"\" rel=\"noopener\">Ejad Tech<\/a><\/strong><strong> for SAR 86.7 mn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84119&anCat=1&cs=7040&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The transaction will see Go pay an upfront payment of SAR 40 mn, with the remaining SAR 46.7 mn to be paid in two installments at the end of 2025 and 2026. The acquisition is pending regulatory procedures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>The agreement follows a binding MoU signed in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c55ec78b-ff4b-470e-92a6-8f80d2fd7f77\/riyadh-commercial-court-awards-al-akaria-sar-187.5-mn-compensation\" style=\"\" rel=\"noopener\">September<\/a>, with Go\u2019s shareholders approving the acquisition <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84117&anCat=1&cs=7040&locale=en\" style=\"\" rel=\"noopener\">last week<\/a>. Mekyal Financial Technologies served as Go's financial advisor, while Ejad Tech was advised by ValuHub.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/adnh-catering\/\">ADNH Catering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/compass-group\/\">Compass Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ejad-tech\/\">Ejad Tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/etihad-atheeb-telecommunications\/\">Etihad Atheeb Telecommunications<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/maaden\/\">Ma\u2019aden<\/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=\"92513\" 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=\"92513\">\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\">CLIMATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/cop16-drought-talks-end-without-agreement\/\">\r\n                            COP16 drought talks end without agreement                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/cop16-drought-talks-end-without-agreement\/\" 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\/12\/15\/cop16-drought-talks-end-without-agreement\/')\">\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\/12\/15\/cop16-drought-talks-end-without-agreement\/\">\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=COP16 drought talks end without agreement&url=https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/cop16-drought-talks-end-without-agreement\/\">\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\/12\/15\/cop16-drought-talks-end-without-agreement\/&title=COP16 drought talks end without agreement\">\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=COP16+drought+talks+end+without+agreement+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F12%2F15%2Fcop16-drought-talks-end-without-agreement%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\/12\/15\/cop16-drought-talks-end-without-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92513\" class=\"content-area-description single-story post-92513 post type-post status-publish format-standard hentry category-climate tag-climate tag-cop16 tag-desertification tag-enterpriseam-ksa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.85c19dd9-a38e-4ceb-aa1a-febdd9d2bb79.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP16 drought talks concluded yesterday <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unccd.int\/news-stories\/press-releases\/united-nations-conference-riyadh-charts-path-global-action-land-drought\" style=\"\" rel=\"noopener\">without a binding agreement<\/a><\/strong> as negotiators from 196 countries and the European Union were unable to reach an agreement on how to respond to drought on a global scale. The 12-day UN Convention to Combat Desertification was held in Riyadh. Meanwhile, more than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3b0c026c-d668-42be-9f33-3ec5d86e7dfa\/%253cmark%253ecop16%253c%2Fmark%253e-climate-pledges-hit-usd-12-bn-in-total\" style=\"\" rel=\"noopener\">USD 12 bn<\/a> were pledged to tackle desertification, land degradation and drought. The story got ink in <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20241214-world-falls-short-of-drought-deal-at-saudi-hosted-talks\" style=\"\" rel=\"noopener\">France24<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the lack of a final agreement, progress was made in setting the foundation for a <\/strong><strong>global drought framework<\/strong>, with plans to complete it at COP17 in Mongolia in 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sign of the times: <\/strong>The failure of COP16 to reach an agreement is the latest in a string of failed global talks on preserving the planet, including talks on biodiversity in Colombia, plastic pollution in South Korea, and climate finance at COP29 in Baku.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/climate\/\">CLIMATE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cop16\/\">COP16<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/desertification\/\">desertification<\/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=\"92514\" 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=\"92514\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/\">\r\n                            Goldman Sachs taps Omar Alzaim as CEO of Saudi unit                        <\/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\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/\" 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\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/')\">\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\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/\">\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=Goldman Sachs taps Omar Alzaim as CEO of Saudi unit&url=https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/\">\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\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/&title=Goldman Sachs taps Omar Alzaim as CEO of Saudi unit\">\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=Goldman+Sachs+taps+Omar+Alzaim+as+CEO+of+Saudi+unit+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F12%2F15%2Fgoldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit%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\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1282.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"92515\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/goldman-sachs-taps-omar-alzaim-as-ceo-of-saudi-unit\/1282-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1282.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1282.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1282.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1282.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92514\" class=\"content-area-description single-story post-92514 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-ksa tag-goldman-sachs tag-moves 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\/12\/.d35372b5-2b7d-4bf2-8eba-6ef9b0233437.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Goldman Sachs has named Omar Alzaim (<\/strong><strong><a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/omar-alzaim-cfa-2b711547\" style=\"\" rel=\"noopener\">Linkedin<\/a><\/strong><strong>) as CEO of its Saudi <\/strong><strong>operation<\/strong>; Alzaim will retain his role as head of investment banking in the Kingdom, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-12\/goldman-sachs-names-alzaim-saudi-ceo-as-us-bank-boosts-presence\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing an internal memo. Alzaim, who joined the firm in 2021 and became a managing director in 2023, succeeds Khalid Albdah, who stepped down in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1889ba4c-9710-467e-8b5a-72a37e0222a6\/crown-prince-is-in-brussels-for-gulf-european-summit\" style=\"\" rel=\"noopener\">October<\/a> to lead Neuberger Berman\u2019s Middle East, North Africa, and New Markets division. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong><strong>: <\/strong>Goldman Sachs was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/abfac736-4b6c-40b4-9b9d-6c7e0d1605a7\" style=\"\" rel=\"noopener\">reportedly<\/a> the first Wall Street firm to receive a regional headquarters license from the Saudi Investment Ministry. It opened a new office in Riyadh\u2019s King Abdullah Financial District in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6a922a0c-c70a-4ba2-85bb-bcd1403bb75d\/bank-albilad%25e2%2580%2599s-csop-msci-hong-kong-china-etf-starts-trading-on-tadawul-today\" style=\"\" rel=\"noopener\">October<\/a>, with operations scheduled to kick off in 2025. The bank has advised on several recent major transactions, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11b8a541-a6d0-44d9-a177-9ef29b4f41c8\/%253cmark%253earamco%253c%2Fmark%253e-completes-secondary-share-offering\" style=\"\" rel=\"noopener\">Aramco\u2019s USD 11.2 bn secondary offering<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"92516\" 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=\"92516\">\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\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/the-crown-prince-met-with-trumps-middle-east-envoy\/\">\r\n                            The Crown Prince met with Trump\u2019s Middle East envoy?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/the-crown-prince-met-with-trumps-middle-east-envoy\/&title=The Crown Prince met with Trump\u2019s Middle East envoy?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Crown+Prince+met+with+Trump%E2%80%99s+Middle+East+envoy%3F+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2024%2F12%2F15%2Fthe-crown-prince-met-with-trumps-middle-east-envoy%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\/12\/15\/the-crown-prince-met-with-trumps-middle-east-envoy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1299.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"92517\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/the-crown-prince-met-with-trumps-middle-east-envoy\/1299-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1299.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1299.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1299.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1299.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92516\" class=\"content-area-description single-story post-92516 post type-post status-publish format-standard has-post-thumbnail hentry category-saudi-in-the-news tag-diplomacy tag-donald-trump tag-enterpriseam-ksa tag-israel-palestine-conflict tag-saudi-in-the-news tag-saudi-us-relations 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\/12\/.1c6084e3-8c62-4f83-9bf2-3341d67df902.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a particularly busy morning for the Kingdom in the global press<\/strong>, with Saudi\u2019s selection as the host of the 2034 World Cup driving the conversation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The line in the Western press has been predictable<\/strong>, with <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/sports\/soccer\/saudi-arabia-2034-world-cup-rcna183816\" style=\"\" rel=\"noopener\">NBC News<\/a> serving as spokesidiot for the class as it notes that the selection \u201cdrew criticism from human rights groups,\u201d while CNN takes it a step further, saying rights groups are warning that the tournament will come at an <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/12\/11\/sport\/saudi-arabia-2034-world-cup-fifa-bid-spt-intl\/index.html\" style=\"\" rel=\"noopener\">\u201cunimaginable human cost.\u201d<\/a> Meanwhile, US public broadcaster NPR dubs it a <a target=\"_blank\" href=\"https:\/\/www.npr.org\/2024\/12\/11\/g-s1-37742\/saudi-arabia-fifa-world-cup-2034\" style=\"\" rel=\"noopener\">\u201ccontroversial pick.\u201d<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Writing with more balance<\/strong>, <a target=\"_blank\" href=\"https:\/\/skift.com\/2024\/12\/11\/saudi-arabia-will-host-fifa-world-cup-2034-what-it-means-for-tourism\/\" style=\"\" rel=\"noopener\">Skift<\/a> asks what the hosting rights will mean for tourism here, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/abfb932a-f688-4970-b160-f07e30bc8918\" style=\"\" rel=\"noopener\">Financial Times<\/a> has a deep look at the ins and outs of the bid, and the NYT\u2019s The Athletic asks, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/athletic\/5981357\/2024\/12\/11\/saudi-arabia-world-cup-fifa-choice\/\" style=\"\" rel=\"noopener\">\u201cMight Saudi Arabia actually be a good choice for a men\u2019s World Cup?\u201d<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong><strong>Crown Prince and Prime Minister Mohammed bin Salman reportedly met <\/strong><strong>President-elect Donald Trump's Middle East <\/strong><strong>envoy<\/strong>, Steve Witkoff, in Riyadh on Wednesday in the first official face-to-face between the Crown Prince and the incoming Trump administration, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/12\/13\/trump-middle-east-saudi-relations-deal-mbs\" style=\"\" rel=\"noopener\">Axios<\/a> reports citing sources familiar with the meeting. The discussions centred on US-Saudi relations, the Gaza war, and a potential Saudi normalization pact with Israel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT:<\/strong> Trump is reportedly eager to secure a normalization accord between Saudi Arabia and Israel during his term, after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/538fa1db-058f-44d5-bcdb-d9ed1a99cf6b\/blinken-suggests-us-saudi-defense-and-nuclear-pacts-could-wrap-up-in-a-matter-of-%253cmark%253eweeks%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">a previous Biden-led effort<\/a> that would have also included US security assurances to Riyadh, as well as cooperation on nuclear technologies and AI fell through due to the outbreak of the War in Gaza. Meanwhile, Saudi Arabia insists on assurances for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9d3a20b2-ca10-4253-925f-0fea59c071f5\/bandar-al-khorayef-kicks-off-us-tour-to-drum-up-investments\" style=\"\" rel=\"noopener\">credible path to Palestinian statehood<\/a> before normalizing ties with Israel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH A READ- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/magazine\/2024\/12\/14\/china-middle-east-saudi-00194287\" style=\"\" rel=\"noopener\">\u2018China on Steroids\u2019: A Saudi Path to a Peaceful, modern Middle<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/magazine\/2024\/12\/14\/china-middle-east-saudi-00194287\" style=\"\" rel=\"noopener\">East<\/a><\/strong>, by Matthew Kaminski for Politico Magazine. Kaminski was founding editor of Politico Europe.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-in-the-news\/\">SAUDI IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-us-relations\/\">Saudi-US relations<\/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=\"92518\" 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=\"92518\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/pif-backs-mizuhos-launch-of-the-largest-saudi-equity-etf-on-tse\/\">\r\n                            PIF backs Mizuho\u2019s launch of the largest Saudi equity ETF on TSE                        <\/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\/12\/15\/pif-backs-mizuhos-launch-of-the-largest-saudi-equity-etf-on-tse\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The USD 100 mn ETF is anchored by Mizuho Bank and the Public Investment Fund (PIF) and is the largest such ETF on TSE. It\u2019s unclear whether this is the same fund the Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d92bb975-9b16-445f-8810-d4fa661591a6\/pif-signs-usd-51-bn-worth-of-mous-with-japanese-banks\" style=\"\" rel=\"noopener\">previously planned to launch with PIF<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Mizuho is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/20b26f21-6d1f-4729-948e-3f7806738e84\" style=\"\" rel=\"noopener\">reportedly<\/a> looking to open its regional headquarters in the Kingdom after receiving a license from the Investment Ministry. The firm has participated in debt capital market transactions for clients including PIF, the Finance Ministry, and Aramco, among others. It has had an investment banking license in Riyadh since 2009.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Ministry of Defense will buy three Avante 2200 warships from Spanish <\/strong><strong>shipbuilder Navantia <\/strong>with deliveries slated for completion by 2028, <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2224196\" style=\"\" rel=\"noopener\">state news agency SP<\/a><a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2224196\" style=\"\" rel=\"noopener\">A<\/a> reports.The first vessel in the series will be built in Spain, with the remaining two to be built in Saudi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Saudi Electricity Company secured a USD 3.6 bn syndicated loan from a group of <\/strong><strong>13 international lenders<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84134&anCat=1&cs=5110&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The five-year facility can be extended for two additional years and will be allocated for \u201cfinancing general corporate purposes.\u201d The lenders include banks from China, Germany, India, the UAE, and Kuwait, with the Saudi Investment Bank being the only local bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Saudi Awwal Bank wrapped up its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7832ad48-15da-4fd8-8082-dbb8dbd290cf\/%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eflurry%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253em%253cmark%253e%253c%2Fmark%253e&%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enews%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efrom%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eavilog%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253enaif%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eal%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253erajhi%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvestment%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253esadirat%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ezamil%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egroup%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">SAR-denominated Additional Tier 1 Sukuk<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7832ad48-15da-4fd8-8082-dbb8dbd290cf\/%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eflurry%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253em%253cmark%253e%253c%2Fmark%253e&%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enews%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efrom%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eavilog%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253enaif%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eal%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253erajhi%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvestment%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253esadirat%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ezamil%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egroup%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">issuance<\/a><\/strong>, which includes a fixed-rate tranche of SAR 3.65 bn offering an annual yield of 6.07% and a floating-rate tranche of SAR 350 mn, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84126&anCat=1&cs=1060&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The floating-rate tranche will offer a yield linked to the three-month Saibor rate, plus an additional 1.3%, paid quarterly, it added. The sukuk are perpetual, with no fixed redemption date, though early redemption is possible under specific conditions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>The Jeddah-based International Islamic Trade Finance Corporation earmarked USD <\/strong><strong>566 mn in on-lending facilities to 13 banks in Uzbekistan<\/strong> to support SMEs and job creation in the Central Asian country, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2224347\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported. The facilities will focus on import and pre-export finance for the private sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>Home improvement retailer<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.saco.sa\/en\/\" style=\"\" rel=\"noopener\">Saudi Company for Hardware (Saco)<\/a><\/strong><strong> lined up a SAR 50 <\/strong><strong>mn, six-month loan from Saudi Awwal Bank <\/strong>to refinance letters of credit, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84105&anCat=1&cs=4008&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bciholding.com\/\" style=\"\" rel=\"noopener\">Baalbaki Chemical Industries (BCI)<\/a><\/strong><strong> inaugurated a new factory in <\/strong><strong>Riyadh's Second <\/strong><strong>Industrial City<\/strong>, with an initial production capacity of 40k tons a year, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2224554\" style=\"\" rel=\"noopener\">state n<\/a><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2224554\" style=\"\" rel=\"noopener\">ews agency SPA<\/a> reports. The company plans to ramp up the facility\u2019s annual production to 60k tons next year. The factory focuses on manufacturing raw materials for the automotive, pipeline, air conditioning, home appliances, and insulation industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH REGULATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sdaia puts n<\/strong><strong>ew data protection rules draft up for public consultation: <\/strong>The Saudi Data and Artificial Intelligence Authority (Sdaia) is calling for public feedback on a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1295.pdf\" style=\"\" rel=\"noopener\">draft paper (pdf)<\/a> for rules governing the issuance of <a target=\"_blank\" href=\"https:\/\/eparticipation.my.gov.sa\/en\/e-consultations\/consultations\/legal\/legal-consultation-52732\/\" style=\"\" rel=\"noopener\">accreditation certificates for personal data protection<\/a>. Feedback can be submitted through the <a target=\"_blank\" href=\"https:\/\/istitlaa.ncc.gov.sa\/ar\/Transportation\/NDMO\/AccreditationcertificatesPDP\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Istitlaa platform<\/a> until 11 January 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in the new draft?<\/strong> If enacted as is, it would stipulate that entities applying for the certificate must have the necessary technical tools and maintain approved records on organizational, administrative, and technical measures for secure data processing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are the certificates for? <\/strong>The accreditation certificates are issued for entities that need to process personal data \u2014 namely data processors and data controllers \u2014 to ensure the procedures are executed in compliance with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6755fd96-1360-45dd-a729-b21044a76d67\/%253cmark%253e%253c%2Fmark%253efresh%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eregs%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eon%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253epersonal%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edata%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etransfers%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eoutside%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekingdom%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Personal Data Protection Law<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECHNOLOGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Neom eyes localizing construction robotics technology: <\/strong>The Neom Investment Fund made an undisclosed investment in Denmark-based GMT Robotics to localize the use of robotics in the construction industry, according to a <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/neom-investment-fund-ventures-into-automated-robotic-technology\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amak bags yet another mining exploration license:<\/strong> Tadawul-listed <a target=\"_blank\" href=\"https:\/\/amak.com.sa\/\" style=\"\" rel=\"noopener\">Almasane Alkobra Mining<\/a><a target=\"_blank\" href=\"https:\/\/amak.com.sa\/\" style=\"\" rel=\"noopener\">(Amak)<\/a> has landed an exploration license from the Industry and Mineral Resources Ministry to look for chromium, copper, nickel, and manganese in Al Baha Province, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84116&anCat=1&cs=1322&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The license covers a 91.8 sq km area and runs through December 2029. The investment value was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The company snapped up a five-year quartz exploration license in Najran and Asir in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/17503eb0-a2d0-46fb-b62b-9dd852a25e87\/%253cmark%253eamak-%253c%2Fmark%253elands-another-mining-exploration-license\" style=\"\" rel=\"noopener\">August<\/a>. Earlier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/65d0c4d7-6ce9-476d-bbf1-a3733ead84a3\/sipchem-awards-epc-contracts-worth-sar-701.5-mn-for-expansion-of-chemicals-plants\" style=\"\" rel=\"noopener\">in July<\/a>, it was granted a five-year exploration license for manganese ore in Al Baha province. It also landed two exploration licenses <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/468812a9-71f6-4bdd-a0cf-8d2252e75cf7\" style=\"\" rel=\"noopener\">in June<\/a>, worth a total of SAR 92 mn, covering Jabal Qaran and Al Hijra, which hold reserves of gold, copper, lead, and zinc.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-masane-al-kobra-mining-amak\/\">Al Masane Al Kobra Mining (AMAK)<\/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\/exchange-traded-funds-etfs-2\/\">Exchange Traded Funds (ETFs)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mizuho-bank\/\">Mizuho Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-company-for-hardware-saco\/\">Saudi Company for Hardware (Saco)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-electricity-company-sec\/\">Saudi Electricity Company (SEC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/the-public-investment-fund-pif\/\">The Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"92520\" 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=\"92520\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/oman-pips-london-in-2024-ipo-race\/\">\r\n                            Emerging IPO markets leapfrog London\u2019s as it hits a 21st century low                        <\/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\/12\/15\/oman-pips-london-in-2024-ipo-race\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The UAE, Oman, and Malaysia have secured higher rankings in Bloomberg\u2019s global IPO venue list, with the UK landing the 20th place, while Oman secured the 14th spot, Saudi Arabia the 7th, and the UAE the highest at fifth globally. This marks a significant shift from London\u2019s heyday as a staple IPO market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Middle East IPOs are thriving: <\/strong>The Middle East and Asia accounted for over half of global IPO IPO proceeds in 2024. Notable listings include Abu Dhabi-based <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aa543363-43e6-4d53-9e9a-d905fc2370c5\/lulu-retail-raises-aed-6.32-bn-in-largest-ipo-of-the-year\" style=\"\" rel=\"noopener\">Lulu Retail\u2019s USD 1.7 bn offering<\/a> and a USD 2 bn IPO by a unit of Oman\u2019s state oil company. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab190a7c-8bb4-4c31-97fb-b8738aa0982b\/%253cmark%253etalabat%253c%2Fmark%253e-raises-aed-7.5-bn-in-world%25e2%2580%2599s-biggest-tech-ipo-of-the-year\" style=\"\" rel=\"noopener\">Dubai\u2019s Talabat<\/a> also completed a USD 2 bn IPO, now the world\u2019s largest tech IPO of 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>London\u2019s woes:<\/strong> London\u2019s IPO market declined by 9% y-o-y to USD 1 bn in 2024, with the number of London-listed firms falling to the lowest on record. Only about a dozen companies listed on the LSE this year, none among the global top 100, with the largest raising a modest GBP 150 mn. The UK\u2019s performance has been undermined by low valuations, cautious domestic investors, and increasing competition from other financial hubs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot of delistings are another symptom of a bigger problem: <\/strong>In addition to the shrinking IPO pipeline, the UK stock market has faced a wave of delistings and takeovers. Some 45 companies exited the London Stock Exchange this year, marking the highest tally since 2010 \u2014 including big names such as Just Eat Takeaway.com and Ashtead Group moving each to the Netherlands and the United States \u2014 and many medium-cap firms acquired by private equity giants like KKR and EQT.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Things may look up: <\/strong>UK authorities are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd4048e3-1d1d-4cd6-a3d4-dae97c4514bc\/dual-class-share-structures-come-to-the-lse-today-%2B-central-bankers-meet-this-week-in-washington,-london,-and-tokyo\" style=\"\" rel=\"noopener\">implementing sweeping reforms<\/a> to revive its listing market, including easing rules on dual-class shares and disclosures. Several companies, including Shein and Canopius Group, are reportedly preparing to list in 2025. However, experts suggest that significant momentum is required to restore investor confidence and make the UK competitive again.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;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\">12,099<\/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: +1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;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\">1,519<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -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>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\">31,101<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +26.8%)<\/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\">USD 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\">USD 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\">5.25% 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\">4.75% 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\">30,795<\/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: +23.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,265<\/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: -3.3%)<\/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>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\">4,830<\/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: +19%)<\/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>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,051<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0% (YTD: +26.9%)<\/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>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\">8,300<\/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: +7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,968<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +9.9%)<\/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>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 74.49  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.28  <\/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\">-5.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,675.80<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2%<\/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>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 101,036.80<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +128.6%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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 <\/strong>fell 0.4% <strong>last Thursday <\/strong>on turnover of SAR 4.8 bn. The index is up 1.1% 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> Sumou (+10%), Zamil Indust (+6.6%) and Al Baha (+6.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>MCDC (-3%), Amak (-2.5%) and Al Etihad (-2.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">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> fell 0.6%<strong>last Thursday <\/strong>on turnover of SAR 67 mn. The index is up 26.8% 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> Riyadh Steel (+17.4%), Dar Almarkabah (+12.9%) and Watani Steel (+12.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Armah (-9.4%), Ladun (-7.6%) and Edarat (-5.6%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/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\/london-stock-exchange\/\">London Stock Exchange<\/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=\"92522\" 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=\"92522\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/15\/fm-faisal-bin-farhan-talks-syria-in-jordan-saudi-uk-want-to-boost-trade\/\">\r\n                            FM Faisal bin Farhan talks Syria in Jordan + Saudi, UK want to boost trade                        <\/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\/12\/15\/fm-faisal-bin-farhan-talks-syria-in-jordan-saudi-uk-want-to-boost-trade\/\" 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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Arab diplomats also held a separate meeting with top diplomats from the United States, Turkey, and the European Union. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-regional-diplomats-meet-discuss-syrias-future-2024-12-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> also had coverage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>Saudi Arabia and the UK have reaffirmed their commitment to boost bilateral trade to GBP 30 bn by 2030, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2582962\/saudi-arabia\" style=\"\" rel=\"noopener\">Arab news<\/a> reports citing a joint statement issued following UK Prime Minister Keir Starmer\u2019s <a target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/news\/pm-meeting-with-crown-prince-of-saudi-arabia-9-december-2024\" style=\"\" rel=\"noopener\">visit to the Kingdom last week<\/a>. The two sides are also looking to do more together on education in Saudi. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/antony-blinken\/\">Antony Blinken<\/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\/saudi-uk-relations\/\">Saudi-UK relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/syria\/\">Syria<\/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=\"92524\" 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\/12\/15\/92524\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-92524\" class=\"content-area-description single-story post-92524 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\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 December (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.miceaffairs.com\/details\/621\" style=\"\">The International MICE Summit (IMS24)<\/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>15-19 December (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/igfriyadh2024.sa\/\" style=\"\">Internet Governance Forum<\/a><\/span><span style=\"font-weight:400;\">, King Abdulaziz International Conference Center, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudireefforum.com\/en\" style=\"\">The International Forum for Saudi Reef<\/a><\/span><span style=\"font-weight:400;\">, Intercontinental Al Ahsa. <\/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;\">17-18 December (Tuesday-Wednesday): US Federal Open Market Committee meeting and Summary of Economic Projections.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 December (Wednesday-Thursday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/impaq.media.gov.sa\/\" style=\"\">Impact Makers Forum (ImpaQ)<\/a><\/span><span style=\"font-weight:400;\">, Mayadeen Hall, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 December (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/forbesmiddleeastevents.com\/women-summit-2024\/\" style=\"\">Forbes Middle East\u2019s Women\u2019s Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention and Exhibition Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23-25 December (Monday-Wednesday): Retail offering for Almoosa Health\u2019s Tadawul IPO. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-26 December (Monday-Thursday): <\/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>, 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;\">24-25 December (Tuesday-Wednesday): Retail subscription period for Nice One\u2019s Tadawul IPO.<\/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 December (Sunday): Final allocation for Almoosa Health\u2019s Tadawul IPO. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>31 December (Tuesday): Last day for taxpayers to benefit from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1301.aspx\" style=\"\">Zatca\u2019s fines and penalties waiving initiative<\/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>1Q: BinDawood Holding expected to close <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1765279\" style=\"\">100% acquisition<\/a><\/span><span style=\"font-weight:400;\"> of Zahrat Al Rawdah Pharma  <\/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;\">1Q: Roshn expected to raise SAR 2.6 bn from international bank<\/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\">JANUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-17 January (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dakar.com\/en\/overall-route\" style=\"\">2025 Dakar<\/a><\/span><span style=\"font-weight:400;\">, Bisha and Shubaytah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">5 January (Sunday): Launch day for Riyadh Metro line 3.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\">Future Minerals Forum<\/a><\/span><span style=\"font-weight:400;\">, King Abdulaziz International Conference Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-29 January (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/therff.com\/new\/index_en.php\" style=\"\">Real Estate Future Forum<\/a><\/span><span>, 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;\">28-29 January (Tuesday-Wednesday): Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 January (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainmideast.com\/\" style=\"\">Sustainability Forum Middle East<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-30 January (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/x.com\/Global_LMC?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" style=\"\">Global Labor Market Conference<\/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;\">FEBRUARY 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:400;\">1 February (Saturday): UFC event, The Venue, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-5 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.prnewswire.com\/news-releases\/rlc-global-forum-debuts-in-riyadh-shaping-the-future-of-global-retail-302264227.html\" style=\"\">The RLC Global Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/x.com\/RERSaudi\/status\/1853003668976538016\" style=\"\">Property registration deadline<\/a><\/span><span style=\"font-weight:400;\"> for owners in several districts of seven Qassim cities.<\/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;\">6-8 February (Thursday-Saturday): Liv Golf season opener, Riyadh Golf Club, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8 February (Saturday): Sotheby\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2025\/origins?locale=en&cmp=msotw\" style=\"\">first auction<\/a><\/span><span> in the Kingdom, Diriyah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-13 February (Monday-Thursday): Leap 2025, the Kingdom\u2019s premier tech investment conference.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 February (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fiaformulae.com\/en\/news\/501062\" style=\"\">Formula E<\/a><\/span><span style=\"font-weight:400;\">, Diriyah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 February (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2024\/11\/13\/pr24418-saudi-arabia-imf-hold-high-level-annual-conference-emerging-markets\" style=\"\">AlUla Conference for Emerging Market Economies<\/a><\/span><span style=\"font-weight:400;\">, AlUla. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 February (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83735&anCat=1&cs=4339&locale=en\" style=\"\">Derayah REIT dividend distribution<\/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>19-21 February (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudimf.sa\/en\" style=\"\">Saudi Media Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22 February (Saturday): Founding Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH 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:400;\">1-30 March: Ramadan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 March (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.<\/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;\">31 March- 3 April (Monday-Thursday): Eid Al Fitr.<\/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;\">APRIL 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurehospitality.com\/\" style=\"\">Future Hospitality Summit<\/a><\/span><span style=\"font-weight:400;\">, Mandarin Oriental Al Faisaliah, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-24 April (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudifoodexpo.com\/\" style=\"\">Saudi Food Exhibition and Conference<\/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>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudisf.com\/en\/\" style=\"\">Sports Investment Forum (SIF)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 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:400;\">6-7 May (Tuesday-Wednesday): Federal Open Market Committee 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;\">23 May ( Friday): Guns N\u2019 Roses Show, 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;\">31 May-5 June (Saturday-Thursday): Hajj.<\/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;\">JUNE 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:400;\">6-9 June ( Friday-Monday): Eid al-Adha.<\/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;\">16-17 June (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/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 June (Thursday): 2024-2025 academic year ends.<\/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\">JULY 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:400;\">31 July (Thursday): Deadline for companies with SAR 2.5 mn or more in 2022\/2023 revenues to integrate e-invoicing solutions with Fatoora. <\/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;\">29-30 July (Tuesday-Wednesday): Federal Open Market Committee 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:700;\">SEPTEMBER 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-18 September (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/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 (Tuesday): Saudi National Day.  <\/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 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 October (Tuesday-Wednesday): Federal Open Market Committee 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:700;\">NOVEMBER 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 November (Monday-Wednesday) T<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">he World Advanced Manufacturing & Logistics Saudi Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Convention & Exhibition Centre, 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 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>December: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fortune.com\/2024\/11\/15\/fortune-global-forum-2025-riyadh-saudi-arabia\/\" style=\"\">The Fortune Global Forum 2025<\/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;\">9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/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;\">2026<\/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\">UN Trade and Development Global Supply Chain Forum <\/span><span style=\"font-weight:400;\">to take place in Saudi Arabia.<\/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;\">26-29 October (Monday-Thursday): World Energy Congress, 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\">2027<\/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\">The World Water Forum <\/span><span style=\"font-weight:400;\">takes place in 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\">The Ocean Race<\/span><span style=\"font-weight:400;\"> finishes in Amaala on the Red Sea.<\/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\">Riyadh-Kudmi transmission line<\/span><span style=\"font-weight:400;\"> to be completed.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>New Saudi equities ETF on Toyo Exchange | Ma\u2019aden to up stakes in Mosaic + Sabic JV | New metro lines | Alzaim to lead Goldman in Kingdom<\/p>\n","protected":false},"featured_media":92504,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-92503","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5650fa19-39c1-4d88-bc13-5954c8f4bc42","teaser":"New Saudi equities ETF on Toyo Exchange 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