{"id":93895,"date":"2025-01-30T00:00:00","date_gmt":"2025-01-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=93895"},"modified":"2025-12-14T20:08:47","modified_gmt":"2025-12-14T20:08:47","slug":"efg-hermes-backed-spark-education-acquires-majority-stake-in-qimam-el-hayat-intl-school","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/efg-hermes-backed-spark-education-acquires-majority-stake-in-qimam-el-hayat-intl-school\/","title":{"rendered":"EFG Hermes-backed Spark Education acquires majority stake in Qimam El Hayat Int\u2019l School"},"content":{"rendered":"<section id=\"93897\" 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=\"93897\">\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\/2025\/01\/30\/neoms-the-line-to-begin-vertical-construction-by-year-end\/\">\r\n                            THIS MORNING: Neom\u2019s The Line will begin vertical construction by year-end                        <\/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\/2025\/01\/30\/neoms-the-line-to-begin-vertical-construction-by-year-end\/\" 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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On the home front, EFG Hermes-backed Spark Education Platform snapped up a stake in Riyadh\u2019s Qimam El Hayat Int\u2019l School, while Jazan unveiled SAR 4.7 bn infrastructure projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>PLUS: <\/strong>Tadawul published its Quarterly report on debt markets, and a flurry of Saudi banks are out with their 2024 earnings. Let\u2019s dive in.<\/p>\n<p class=\"tag-border-left\">IN MEMORIAM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseA<\/strong><strong>M KSA<\/strong><strong> extends its heartfelt condolences to the family of Prince <\/strong><strong>Mohammed <\/strong><strong>bin Fahd bin Abdulaziz<\/strong>, the late former governor of the Eastern Province. Prince Mohammed played a pivotal role in the region\u2019s development, driving growth in manufacturing, tourism, and infrastructure, as well as the expansion of export hubs to some of the Gulf\u2019s largest ports.<\/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 TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/globallabormarketconference.com\/\" style=\"\" rel=\"noopener\">Global Labor Market Conference<\/a><\/strong><strong> is on its second and final day <\/strong>at the King Abdulaziz International Conference Center in Riyadh. The event brings together business leaders, policymakers, regulators, and researchers to mull prospects and address challenges facing the global labor markets, with a focus on youth employment and their participation in the global economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Riyadh is expected to see a high of 21\u00b0C and a low of 12\u00b0C today, while Jeddah\u2019s mercury will go as high as 31\u00b0C and as low as 19\u00b0C. Makkah will see a 32\u00b0C high and 19\u00b0C low.<\/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 href=\"https:\/\/www.instagram.com\/enterpriseam.official\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2088.gif?ssl=1\"\/><\/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\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>  #1- US Middle East envoy Steve Witkoff visited Saudi Arabia on Tuesday<\/strong> to meet Crown Prince Mohammed bin Salman and Senior Advisor to the Palestinian president Hussein Al-Sheikh to discuss peace efforts in the region, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/01\/28\/trump-palestinians-meeting-abbas-witkoff\" style=\"\" rel=\"noopener\">Axios<\/a> reports, citing two people it says are familiar with the matter. Witkoff headed to Israel after, visiting Gaza and inspecting the Netzarim corridor, before sitting with Israel\u2019s Prime Minister Benjamin Netanyahu \u201calone for more than two hours,\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/netanyahu-meets-trumps-envoy-witkoff-after-saudi-trip-2025-01-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Witkoff\u2019s visits to the region come as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/fe2d20be-e9be-4470-8b18-9718c34af2bf\/pif-completes-pricing-of-usd-4-bn-bond-issuance\" style=\"\" rel=\"noopener\">talks<\/a> for a normalization of ties between the Kingdom and Israel are nearing a \u201cbreakthrough,\u201d Israel\u2019s ambassador to the US claimed recently. Efforts led by the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/538fa1db-058f-44d5-bcdb-d9ed1a99cf6b\/\" style=\"\" rel=\"noopener\">Biden administration last year<\/a> to secure the agreement \u2014 which was originally designed to include a defense pact and cooperation on nuclear technology and AI \u2014 fell through due to the outbreak of the war in Gaza. The Kingdom has publicly insisted on assurances for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9d3a20b2-ca10-4253-925f-0fea59c071f5\" 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\">\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><a id=\"wwtt2\"><\/a> #2- Neom\u2019s The Line will begin vertical construction by year-end, <\/strong><a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/648971\/SAUDI-ARABIA\/NEOMs-THE-LINE-set-to-begin-vertical-construction-by-end-of-year\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> quotes Neom Chief Development Officer Denis Hickey as saying at Davos. Infrastructure development is already underway for the project\u2019s 20 mn sqm first phase. Designed to accommodate 9 mn residents in a high-density, car-free environment, the city spans 170 km in length and 1.2 km in width.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Line faced some hurdles: <\/strong>Neom\u2019s flagship project \u2014 which is projected to cost anywhere between USD 100-200 bn \u2014 is now expected to be home to fewer than 300k people by the end of 2030, down from an initial forecast of 1.5 mn residents, due to a slowdown in construction, according to unconfirmed media reports last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/083185a1-da33-46d9-809b-4562199b25b6\/\" style=\"\" rel=\"noopener\">April<\/a>. Only 2.4 km of the project are expected to be completed by the end of the decade.<\/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><a id=\"wwtt3\"><\/a> #3- The Kingdom has launched a heritage project tracing Prophet Mohammad\u2019s migration <\/strong><strong>path,<\/strong> General Entertainment Authority Chair Turki Al Alshiekh said in <a target=\"_blank\" href=\"https:\/\/x.com\/Turki_alalshikh\/status\/1883943725111316836?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1883943725111316836%7Ctwgr%5Ef1e59f8e4607ec2059811880ae812840b21954e6%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fgulfnews.com%2Fworld%2Fgulf%2Fsaudi%2Fsaudi-arabia-unveils-in-the-prophets-steps-project-to-recreate-historic-migration-route-from-mecca-to-medina-1.500024553\" style=\"\" rel=\"noopener\">a post on X<\/a>. In the Prophet\u2019s Steps will recreate the migration route from Makkah to Madinah, spanning 470 km with 41 restored landmarks, interactive stations, and a Migration Museum. With eight educational stops, 30 dining areas, and 50 shops, it will host up to 12k visitors daily. The six-month initiative begins in November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The government<\/strong> <strong>plans to extend the deadline for receiving applications from <\/strong><strong>proptech <\/strong><strong>firms that want to join the experimental regulatory environment by two months<\/strong>, Spokesperson for the Real Estate General Authority Tayseer Al-Mufarrej told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/01\/29\/article_2756256.html\" style=\"\" rel=\"noopener\">Aleqtisadiyah<\/a>. The Kingdom eyes raising the number of proptech companies it houses to 1.5k over the next five years, up from 270 firms currently, Al-Mufarrej revealed.<\/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><a id=\"wwtt4\"><\/a> <\/strong><strong>#5- Riyadh-based Als<\/strong><strong>hehili\u2019s shares climbed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/reports-publications\/historical-reports\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz8DTxCnA3MDILdzUJDLAyNXE30I4EKzHEqMDTTD9aP0o8qTs1JTS5JTfFNLMpOLdGP9PP3DXVGlnDNK8ksqdSPtDQzMtEPJ2RmQXZiUlVapSMAcvh6hQ!!\/#Z7_5A602H80O0HTC060SG6UT81216\" style=\"\" rel=\"noopener\">6.9%<\/a><\/strong><strong> on their first day of trading on Nomu <\/strong><strong>yesterday<\/strong>, closing at SAR 85.5 apiece, up from their IPO price of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e19f45ab-57b6-4125-a098-5a24ae9b5d14\/turkey%25e2%2580%2599s-fm-is-due-in-town,-with-usd-6-bn-defense-agreement-on-the-table\" style=\"\" rel=\"noopener\">SAR 80<\/a>. The heavy equipment manufacturer raised some SAR 40 mn in IPO proceeds, with the final pricing giving it a market cap of SAR 200 mn at listing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Alshehili took a 20% stake (500k shares) to market, pricing its Nomu IPO <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7cf81be7-35ee-487d-afa4-66ad4d7c06fb\/%253cmark%253ealshehili%253c%2Fmark%253e-sets-price-range-for-nomu-ipo-at-sar-76-80-apiece\" style=\"\" rel=\"noopener\">at the top of the range it was guiding on<\/a>. Net proceeds from the sale will go towards funding Alshehili\u2019s expansion and marketing efforts, as well as supporting the company\u2019s working capital, including automating cooler box production and equipment procurement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Al-Khobar-based<\/strong><strong> Twareat Medical Center\u2019s (TMC) stock also rose <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/reports-publications\/historical-reports\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz8DTxCnA3MDILdzUJDLAyNXE30I4EKzHEqMDTTD9aP0o8qTs1JTS5JTfFNLMpOLdGP9PP3DXVGlnDNK8ksqdSPtDQzMtcPJ2RmQXZiUlVapSMAf-NOTA!!\/#Z7_5A602H80O0HTC060SG6UT81216\" style=\"\" rel=\"noopener\">30%<\/a><\/strong><strong> \u2014 the <\/strong><strong>maximum price fluctuation limit allowed \u2014 on its trading debut on Nomu yesterday<\/strong>, settling at SAR 15.6 apiece, after opening at SAR 12. The medical equipment supplier sold <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/fcd88cd9-af0d-4b2f-9461-2a4217f76045\/%253cmark%253etwareat%253c%2Fmark%253e-medical-center-pegged-its-nomu-direct-listing-at-sar-12-apiece\" style=\"\" rel=\"noopener\">an undisclosed amount<\/a> of shares on Tadawul\u2019s parallel market in a direct listing to <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1785294#:~:text=ITMAM-,Twareat%20to%20debut%20on%20Nomu%20on,29&text=The%20Saudi%20Exchange%20(Tadawul)%20announced,9627%20and%20ISIN%20Code%20SA168G64MDH4.\" style=\"\" rel=\"noopener\">meet liquidity requirements<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The company previously sold a 7.45% stake (2.98 mn shares) in a private offering last year, with 55 new shareholders buying in.<\/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>Some <\/strong><strong>12 ready-built factories in <\/strong><strong>Jeddah\u2019s <\/strong><strong>First Industrial<\/strong><strong> City are now up for grabs via <\/strong><strong>Modon\u2019s new early booking service<\/strong>, Modon said in a <a target=\"_blank\" href=\"https:\/\/x.com\/modon_ksa\/status\/1884527745633223073\" style=\"\" rel=\"noopener\">post on X<\/a>. Applications can be submitted <a target=\"_blank\" href=\"https:\/\/partner.modon.gov.sa\/\" style=\"\" rel=\"noopener\">here<\/a>. Modon rolled out the early booking service <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ba195682-8c7b-4981-9d4a-665ad08f965c\" style=\"\" rel=\"noopener\">earlier this week<\/a>.<\/p>\n<p class=\"tag-border-left\">FACT CHECK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No need to stock<\/strong><strong>pile cigarettes or vapes:<\/strong> The Kingdom has no intention to ban smoking products, even as global restrictions tighten, <a target=\"_blank\" href=\"https:\/\/www.saudigazette.com.sa\/article\/648953\/SAUDI-ARABIA\/SFDA-chief-rules-out-plan-to-nbspban-sale-of-traditional-or-electronic-cigarettes\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reports, citing Saudi Food and Drug Authority CEO Hisham Al Jadhey.<\/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><a id=\"wwtt5\"><\/a> <\/strong><strong>Opec+ plans<\/strong><strong> discussions to <\/strong><strong>address Trump\u2019s oil policies:<\/strong> Saudi Arabia will join Opec+ in a coming meeting to discuss US President Donald Trump's push to increase US oil production and form a joint response, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-take-joint-stance-trump-oil-policy-kazakhstan-says-2025-01-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing Kazakhstan's Energy Minister. Trump has called for speeding up permits and easing environmental rules to boost US production, while also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8825b137-d657-4797-ac16-3c08930dc5d0\" style=\"\" rel=\"noopener\">urging Opec+<\/a> to lower oil prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+ has been facing growing pressure from Trump<\/strong>, who has recurrently criticized the group\u2019s policies and called for lower oil prices, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2025-01-29\/oil-prices-opec-will-buckle-under-trump-s-pressure\" style=\"\" rel=\"noopener\">Bloomberg<\/a> highlighted in an opinion piece. With the oil group planning to start increasing oil output in April, it faces the challenge of balancing supply and demand while navigating Trump\u2019s demands and global economic factors. Trump would consider a price range of USD 60-70 per barrel to be an acceptable target, down from the current level hovering around USD 78, the article estimates. <\/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\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Saudi Arabia is reportedly preparing to offer a five-year, EUR 1 bn contract to sign Real <\/strong><strong>Madrid\u2019s Vinicius<\/strong><strong> Jr. <\/strong><strong>in the summer transfer window<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/as.com\/futbol\/primera\/mil-millones-para-vinicius-n\/\" style=\"\" rel=\"noopener\">AS<\/a>. In addition to the EUR 200 mn per season package, Saudi Arabia would pay an additional EUR 300 mn transfer fee to Madrid, surpassing the current transfer record held by Neymar\u2019s EUR 222 mn move to PSG. The EUR 1 bn contract would make Vinicius one of the highest-paid athletes globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been tried before: <\/strong>The PIF attempted a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e37a9a8a-f315-45a2-9cc3-b1c87cfde961\/%253cmark%253e%253c%2Fmark%253esama%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253estudying%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edigital%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecurrency%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efinancial%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einstitutions%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">similar bid<\/a> for Vinicius last year, which was rejected. Madrid is likely to again insist on his release clause of EUR 1 bn, while also offering a contract extension beyond 2027 and a salary increase to retain him.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Al Nassr has yet<\/strong><strong> to make a decision on whether to pursue Bayer Leverkusen's<\/strong><strong> Victor <\/strong><strong>Boniface or Aston Villa's Jhon Duran<\/strong> as they seek to sign a new striker, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/athletic\/6075913\/2025\/01\/28\/boniface-duran-al-nassr-transfer\/\" style=\"\" rel=\"noopener\">The Athletic<\/a> reports. The club has a verbal agreement for Boniface, but the agreement is not finalized. Meanwhile, the option to add Duran has been on the table. Boniface was left out of Leverkusen training as talks continue, and Villa could reportedly part ways with Duran for around GBP 80 mn.<\/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>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>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.<br \/><strong>***<\/strong><\/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>AI is on everyone\u2019s minds this morning after Meta and Microsoft reported their earnings <\/strong><strong>for 2024<\/strong>, and as the DeepSeek craze continues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- Meta\u2019s shares rebounded on CEO Mark Zuckerberg\u2019s comments that Meta AI will become the most widely used AI in the industry this year<\/strong>, despite the company giving a disappointing sales forecast that had weighed on the stock earlier. The question now is again whether the company\u2019s AI investments will pay off \u2014 especially after Chinese AI startup DeepSeek proved it is possible to create an AI model with a fraction of the cost. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-29\/meta-says-current-quarter-sales-will-fall-short-of-estimates?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/01\/29\/meta-q4-earnings-report-2024.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of DeepSeek, OpenAI said it has found evidence that the Chinese AI startup used its proprietary models to train its own large-language model<\/strong>, according to the Financial Times. Meanwhile, US President Donald Trump is looking at ways to further curb chip exports from Nvidia to China, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-29\/trump-officials-discuss-tightening-curbs-on-nvidia-china-sales?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Microsoft\u2019s shares tumbled 5% in afterhours trading after the tech giant reported slower growth than expected for its cloud business<\/strong>, despite the company beating revenue estimates. (<a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/ai\/microsoft-msoft-q2-earnings-report-2025-69fc9ae7?mod=hp_lead_pos4\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.barrons.com\/articles\/microsoft-earnings-stock-price-today-025172dd\" style=\"\" rel=\"noopener\">Barron\u2019s<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In other earnings news, Tesla\u2019s shares also rebounded on an optimistic forecast for growth in 2025<\/strong>, despite missing estimates for the fourth quarter of 2024. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-29\/tesla-fourth-quarter-profit-misses-wall-street-s-estimates?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/01\/29\/business\/tesla-earnings\/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>OVER IN THE US, the White House revoked its freeze of federal aid <\/strong>due to legal challenges, though the administration still plans to cut spending to programs opposed by Trump. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/white-house-revokes-spending-freeze-face-legal-challenges-2025-01-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN SYRIA- The Syrian rebel group that ousted Bashar al Assad named its leader Ahmed Al Sharaa as the country\u2019s new president <\/strong>for a transitional period, after the group dissolved the parliament, the military, and constitution. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-29\/syrian-rebels-name-new-president-and-dissolve-constitution?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/01\/29\/world\/middleeast\/syria-leader-al-shara-government.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/syria-president-rebel-bashar-assad-54f1f042c887c613d82a33a20e1d71a7\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Former US Senator Bob Menendez was sentenced to 11 years in prison<\/strong> after being found guilty in a corruption case that saw him act as a foreign agent for Egypt. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/315aaa4f-5344-47e7-b031-b357a8050b3a\" style=\"\" rel=\"noopener\">FT<\/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>Small and medium enterprises regulator Monsha\u2019at <\/strong><strong>wil<\/strong><strong>l host the sixth stop of its Franchise <\/strong><strong>Tour between 3-4 February at <\/strong><strong>the University of Tabuk<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.monshaat.gov.sa\/ar\/node\/256331\" style=\"\" rel=\"noopener\">statement<\/a>. This is one of the stops of the larger tour which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dac38fd5-5fa6-4140-8a90-ce39d8265602\" style=\"\" rel=\"noopener\">kicked off<\/a> in Khobar back in August and is set to have 14 stops in total, featuring companies that want to drum up interest in their franchises. <\/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\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/the-line\/\">The Line<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2501.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2501.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2501.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2501.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93900\" class=\"content-area-description single-story post-93900 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-education tag-efg-hermes tag-enterpriseam-ksa tag-ma-watch tag-qimam-el-hayat-international-school tag-spark-education 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\/2025\/1\/.3ac11c38-3066-4947-89e3-63b2ca7bd87a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> SEP now holds a majority stake in Qimam El Hayat:<\/strong> EFG Hermes-backed K-12 operator <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/spark-education-platform-sep\/about\/\" style=\"\" rel=\"noopener\">Spark Education Platform (SEP)<\/a> inked definitive agreements to acquire a majority stake in Riyadh\u2019s <a target=\"_blank\" href=\"http:\/\/sa\" style=\"\" rel=\"noopener\">Qimam El Hayat International School<\/a>, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/2128.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. The size of the stake and the value of the transaction were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> \u201cThis move, coupled with our recently announced acquisition of 4 additional schools in Riyadh, positions SEP as a major player in the Saudi education sector,\u201d SEP CEO Ahmed Wahby said. The transaction will increase SEP\u2019s portfolio to 8 schools \u201cwith over 10k enrolled students spreading across KSA, UAE, and Bahrain,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>SEP is backed by the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f9b09187-36fb-4618-bd96-fd3fb19162b1\/efg-hermes-launches-usd-300-mn,-saudi-focused-education-fund\" style=\"\" rel=\"noopener\">USD 300 mn Saudi Education Fund (SEF)<\/a>, launched launched in November 2024 by EFG Hermes to address the rising demand for private education, driven by a rapidly expanding student population expected to more than double under Saudi Arabia's Vision 2030. SEF plans to deploy its capital over the next three years, with a primary focus on the Kingdom, alongside its ventures in the UAE and Bahrain. The fund has previously acquired seven schools under the Britus Education brand, four of which are in the Kingdom.<\/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 move includes relocating the school to a new fit-for-purpose campus, and boosting the K-12 institution\u2019s student-capacity by 50% to 4.5k. Two new buildings are to be launched, adding a capacity of 1.5k additional students.<\/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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/efg-hermes\/\">EFG Hermes<\/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\/qimam-el-hayat-international-school\/\">Qimam El Hayat International School<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/spark-education\/\">Spark Education<\/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=\"93902\" 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=\"93902\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/jazan-unveils-sar-4-7-bn-water-agriculture-and-environmental-projects\/\">\r\n                            Jazan unveils SAR 4.7 bn water, agriculture, and environmental projects                        <\/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\/2025\/01\/30\/jazan-unveils-sar-4-7-bn-water-agriculture-and-environmental-projects\/\" 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 projects include 27 completed projects costing over SAR 2 bn and another 46 new projects valued at a combined SAR 2.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi Water Authority launched two water projects worth SAR 1.3 bn<\/strong>, including the upgrade of Al-Shaqiq 1 Station and enhanced security at the Al-Shaqiq desalination plant, along with water transmission systems. Additionally, the National Water Company rolled out 20 projects valued at SAR 607 mn, featuring 10 water infrastructure initiatives costing SAR 238 mn, such as raw water intake at Jazan Valley Dam and network expansions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A sewage revamp: <\/strong>Jazan launched sewage projects worth SAR 369 mn, the expansion of Jazan City\u2019s 44k cubic meter\/day treatment plant, new networks in Abu Arish and Farasan, and pumping station upgrades.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Environmental and agricultural projects<\/strong>: The National Center for Vegetation Cover completed SAR 48 mn in projects, including mangrove cultivation and afforestation. The Environment, Water, and Agriculture Ministry delivered projects valued at SAR 3 mn, including an insect breeding lab, a pesticide lab, and a chemical agriculture lab.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Projects in the works: <\/strong>Among the 46 new projects, key investments include SAR 1.2 bn for three Saudi Water Authority projects, SAR 1.5 bn for 19 National Water Company projects, and additional funding for irrigation, rural development, vegetation cover, and agriculture.<\/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\/environment-water-and-agriculture-ministry\/\">Environment Water and Agriculture Ministry<\/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\/jazan\/\">Jazan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-water-company\/\">National Water Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-water-authority\/\">Saudi Water Authority<\/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=\"93904 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=\"93904\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/93904\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93904\" class=\"content-area-description single-story post-93904 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\/12\/1942.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=\"93905\" 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=\"93905\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-arabias-2024-contract-awards-reach-record-high-of-usd-146-8-bn\/\">\r\n                            Saudi Arabia\u2019s 2024 contract awards reach record high of USD 146.8 bn                        <\/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\/2025\/01\/30\/saudi-arabias-2024-contract-awards-reach-record-high-of-usd-146-8-bn\/\" 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 Kingdom accounted for over 53.8% of total GCC project awards throughout 2024, the report says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis: <\/strong>In 4Q 2024, Saudi saw a 16.3% q-o-q increase in contracts, totaling USD 40.4 bn while GCC project awards hit USD 74.8 bn, the highest quarterly total in six years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Power and gas driving growth: <\/strong>The power sector saw the most significant growth in project awards, which more than doubled to USD 55.0 bn in 2024, while the gas sector\u2019s project awards nearly doubled to USD 19.1 bn. In the renewables space, Saudi Arabia secured 25 projects generating 23 GW of electricity. However, the construction sector experienced a 10.6% decline, falling to USD 28.4 bn in total awards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia accounted for seven of the 10 largest GCC projects<\/strong>, including the USD 4.7 bn Neom Trojena Valley Cluster Dam project. Other significant contracts last year included the USD 3.7 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e32ce921-0833-4fe2-b5bf-d78e04f096b8\/alfanar,-sec-ink-sar-20-bn-contracts-for-power-infrastructure-projects\" style=\"\" rel=\"noopener\">High Voltage Direct Current (HVDC) transmission line<\/a> project and the USD 3.2 bn first package of Saudi Aramco\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ac89b719-2b25-4f9f-aef1-cefc0a2eecf8\/aramco-pushes-ahead-with-usd-7.7-bn%253cmark%253e-fadhili%253c%2Fmark%253e-natural-gas-plant-expansion\" style=\"\" rel=\"noopener\">USD 7.7 bn<\/a> Fadhili Gas Plant expansion, which will increase its processing capacity from 2.5 bn to 4 bn cubic feet per day, alongside the National Housing Company\u2019s USD 3 bn housing project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regional angle: <\/strong>The total value of contracts awarded in the GCC reached USD 273.2 bn in 2024, marking a 9.6% increase from USD 249.4 bn in 2023. Growth was primarily driven by projects in Saudi and the UAE, with the power and oil sectors leading the way, recording USD 67 bn and USD 29.7 bn in awards, respectively.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good tidings ahead: <\/strong>The outlook for contract awards across the GCC in 2025 is promising, the report says, with over USD 120 bn in projects already in the bid evaluation stage.The Saudi construction and power sectors, particularly those involving Neom\u2019s gigaprojects, are expected to drive continued growth.<\/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\/construction\/\">Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/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=\"93907\" 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=\"93907\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/\">\r\n                            Saudi debt market grows in value despite drop in trading activity in 4Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi debt market grows in value despite drop in trading activity in 4Q 2024&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/&title=Saudi debt market grows in value despite drop in trading activity in 4Q 2024\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+debt+market+grows+in+value+despite+drop+in+trading+activity+in+4Q+2024+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F01%2F30%2Fsaudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/712.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93908\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-debt-market-grows-in-value-despite-drop-in-trading-activity-in-4q-2024\/712-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/712.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"712.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/712.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/712.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93907\" class=\"content-area-description single-story post-93907 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-capital-markets tag-debt-watch tag-enterpriseam-ksa tag-tadawul wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.9a18998f-46a6-4836-8fa0-66a70f0b0d5a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The total value of Saudi-listed sukuk and bond issuances rose <\/strong><strong>15<\/strong><strong>% y-o-y to SAR <\/strong><strong>633.5 bn<\/strong> <strong>in 4Q 2024<\/strong>, despite the volume declining 7% y-o-y in the quarter to 65 issuances, according to Tadawul\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/2214.pdf\" style=\"\" rel=\"noopener\">Quarterly Debt Market Report (pdf)<\/a>. The total traded value on Tadawul\u2019s sukuk and bonds index dropped 29.6% y-o-y to SAR 3.3 bn in 4Q 2024, while the number of transactions fell 19.6% to 10.3k. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Government debt dominates<\/strong><strong>: <\/strong>Listed government sukuk and bonds accounted for 97.4% of total issuances in 4Q 2024, amounting to nearly SAR 617 bn. Corporate sukuk and bonds made up the remaining 2.6% (SAR 16.5 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership breakdown<\/strong><strong>: <\/strong>Saudi investors held SAR 624.9 bn in debt instruments, representing 98.6% of total ownership. Foreign investors owned 1.1% (SAR 6.6 bn), while GCC investors held 0.3% (SAR 2 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The listed sukuk and bonds-to-GDP ratio stood at <\/strong><strong>15.6<\/strong><strong>%<\/strong> during the quarter, up from 13.8% in 4Q 2023. The ratio fell on a quarterly basis, however, declining 17.6% from 3Q 2024. <\/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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93909\" 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=\"93909\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/snb-al-rajhi-alinma-bsf-saib-bupa-arabia-report-2024-earnings\/\">\r\n                            SNB, Al Rajhi, Alinma, BSF, SAIB, Bupa Arabia report 2024 earnings                        <\/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        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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/snb-al-rajhi-alinma-bsf-saib-bupa-arabia-report-2024-earnings\/&title=SNB, Al Rajhi, Alinma, BSF, SAIB, Bupa Arabia report 2024 earnings\">\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=SNB%2C+Al+Rajhi%2C+Alinma%2C+BSF%2C+SAIB%2C+Bupa+Arabia+report+2024+earnings+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F01%2F30%2Fsnb-al-rajhi-alinma-bsf-saib-bupa-arabia-report-2024-earnings%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\/2025\/01\/30\/snb-al-rajhi-alinma-bsf-saib-bupa-arabia-report-2024-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93910\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/snb-al-rajhi-alinma-bsf-saib-bupa-arabia-report-2024-earnings\/1268-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1268.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93909\" class=\"content-area-description single-story post-93909 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-al-rajhi-bank tag-earnings-watch tag-enterpriseam-ksa tag-saudi-investment-bank-saib tag-saudi-national-bank-snb 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\/2025\/1\/.c49e8008-ee8b-43b8-b454-50f6829db48b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Earnings season begins in earnest:<\/strong> We have a handful of earnings this morning, with the Kingdom\u2019s banks leading the pack as the Saudi National Bank, Al Rajhi Bank, Alinma Bank, and Banque Saudi Fransi \u2014 along with Bupa Arabia \u2014 all report their financials. <\/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\">SAUDI NATIONAL BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi National Bank (SNB)\u2019s net income grew 5.9% y-o-y to SAR 21.2 bn in 2024<\/strong>, on the back of a 4.2% increase in total operating income to SAR 36 bn, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84929&anCat=1&cs=1180&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. SNB\u2019s total income from financing rose 16.3% y-o-y in the same period to SAR 44.8 bn, while total income from investments increased 14.9% y-o-y to SAR 13 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>SNB\u2019s BoD will be distributing SAR 6 bn in dividends for 2H 2024 on 24 February, at SAR 1 per share, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84940&anCat=1&cs=1180&locale=en\" style=\"\" rel=\"noopener\">a separate disclosure<\/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\">AL RAJHI BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul-listed Al Rajhi Bank saw its net income rise 18.7% y-o-y to SAR 19.7 bn in<\/strong><strong> 2024<\/strong>, driven by a 16.4% increase in total operating income, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84928&anCat=1&cs=1120&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. Al Rajhi\u2019s total income from financing grew 18.7% y-o-y to SAR 39.8 bn, while total income from investments grew 39% y-o-y to SAR 7.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Al Rajhi\u2019s BoD is distributing SAR 5.8 bn in dividends for 2H 2024 at SAR 1.5 per piece, the bank said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84934&anCat=1&cs=1120&locale=en\" style=\"\" rel=\"noopener\">a separate disclosure<\/a>. The distribution date was not disclosed. The bank previously distributed its 1H 2024 dividends valued at SAR 5 bn, bringing the total dividends for FY 2024 to SAR 10.8 bn (SAR 2.7 per share).<\/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\">ALINMA BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul-listed Alinma Bank saw its net income rise 20.5% y-o-y to SAR 5.8 bn in 2024, <\/strong>driven by higher operating and investment income, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84950&anCat=1&cs=1150&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Alinma\u2019s total income from financing grew 22.1% y-o-y to SAR 14.1 bn, while total income from investments grew 22.3% y-o-y to SAR 2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Alinma\u2019s BoD greenlit a SAR 746.1 mn in dividend distribution at SAR 0.3 per share for 4Q 2024, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84951&anCat=1&cs=1150&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date was not disclosed.<\/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\">BANQUE SAUDI FRANSI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banque Saudi Fransi\u2019s (BSF) net income increased 7.6% y-o-y to SAR 4.5 bn last year<\/strong>, on driven by a 3.6% increase in total operating income and a 6% drop in total operating expenses, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84947&anCat=1&cs=1050&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. Total income from financing was up 21.4% y-o-y to SAR 14 bn, while total income from investments increased 41.2% to SAR 2.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 4Q 2024: <\/strong>SNB\u2019s net income was up 35% y-o-y to SAR 1.1 bn, from SAR 827 mn in the same period last 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\">SAUDI INVESTMENT BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul-listed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saib.com.sa\/en\" style=\"\" rel=\"noopener\">Saudi Investment Bank<\/a><\/strong><strong> (SAIB) reported a net income of SAR 1.96 bn in <\/strong><strong>2024, <\/strong>up 11.1% from 2023, on the back of a 5.3% rise in total operating income and a 19.2% reduction in provisions for credit and other losses, according to a <a target=\"_blank\" href=\"https:\/\/www.saib.com.sa\/en\/saudi-investment-bank-announces-its-annual-financial-results-year-ended-31-12-2024\" style=\"\" rel=\"noopener\">statement<\/a>. SAIB\u2019s total income from financing was up 22.4% y-o-y to SAR 6.8 bn, while total income from investments increased 11.2% to SAR 2.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 4Q 2024, <\/strong><strong>SAIB\u2019s net income rose 14% y-o-y to <\/strong><strong>SAR 510 mn<\/strong>, up from SAR 447.2 mn in the same period last year, according to separate earnings reports <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/financial-reports\/company-report\/52\/2024\/1\" style=\"\" rel=\"noopener\">Argaam<\/a> says it has seen. Meanwhile, operating income was up 11.2% y-o-y to SAR 1.08 bn in the same period.<\/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\">BUPA ARABIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul-listed<\/strong> <strong>Bupa Arabia Cooperative Ins. (Bupa Arabia) reported a 24% y-o-y<\/strong><strong> rise in its <\/strong><strong>net income to SAR 1.2 bn last year<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84933&anCat=1&cs=8210&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, ins. revenues grew 13.9% y-o-y to SAR 18.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the growth: <\/strong>Bupa Arabia attributed the rise in net income in 2024 to higher net ins. services, on the back of business growth and an increase in ins. lives. The insurer also saw a 31% y-o-y rise in net investment results, which helped offset a 10.1% increase in other operating expenses due to higher expenditure to support business growth, according to the disclosure.<\/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-rajhi-bank\/\">Al Rajhi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-investment-bank-saib\/\">Saudi Investment Bank (Saib)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-national-bank-snb\/\">Saudi National Bank (SNB)<\/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=\"93911\" 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=\"93911\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/riyadh-season-sets-guinness-world-record-modon-lands-two-brilliance-awards\/\">\r\n                            Riyadh Season sets Guinness World Record + Modon lands two Brilliance Awards                        <\/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\/2025\/01\/30\/riyadh-season-sets-guinness-world-record-modon-lands-two-brilliance-awards\/\" 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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Korean pilot Minchan Kim took first place and a SAR 375k prize, followed by French pilot Killian Rousseau in second with SAR 285k, and American Joaquin Ybanez in third, earning SAR 185k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Modon <\/strong><strong>lands<\/strong><strong> two <\/strong><strong>Brilliance Awards:<\/strong> The Saudi Authority for Industrial Cities and Technology Zones (Modon) <a target=\"_blank\" href=\"https:\/\/www.boc-uk.com\/2025-international-brilliance-awards-winners-announced\/\" style=\"\" rel=\"noopener\">received<\/a> UK-based event organizer and training firm <a target=\"_blank\" href=\"https:\/\/www.boc-uk.com\/2025-international-brilliance-awards-winners-announced\/\" style=\"\" rel=\"noopener\">BoC<\/a> \u2019s Brilliance Award for Best Company to Work. It also received the Silver Award in the Employee Engagement in HR category for its Pulse Engagement Initiative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Modon's Documents and Archives Center obtained the ISO 19475:2021 certification for archiving and document management, it said in <a target=\"_blank\" href=\"https:\/\/x.com\/modon_ksa\/status\/1884206637654958433\" style=\"\" rel=\"noopener\">a post on X<\/a>. The certification is awarded to companies that meet international standards for document management. It outlines guidelines for metadata, classification, access control, and handling documents efficiently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Telecommunications provider Salam Company received the Fastest Growing<\/strong><strong> Telecom<\/strong><strong> Brand Award<\/strong> at the <a target=\"_blank\" href=\"https:\/\/awards.btabloid.com\/\" style=\"\" rel=\"noopener\">Annual Business Tabloid Awards<\/a>, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/salam-awarded-fastest-growing-telecom-brand-2024-in-saudi-arabia-at-the-5th-annual-business-tabloid-awards-rnc8qjhh\" style=\"\" rel=\"noopener\">a press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Australian-based supply chain company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.chep.com\/us\/en\/services-solutions\" style=\"\" rel=\"noopener\">CHEP<\/a><\/strong><strong> was certified as a Top Employer in Saudi<\/strong><strong> Arabia<\/strong>, marking its fifth year overall and third year in a row to receive the certification, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/1822.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The company also maintained Top Employer status across four regions and 26 countries, covering 97% of its global workforce, with particular recognition for its strong employee experience and sustainability initiatives.<\/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\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-authority-for-industrial-cities-and-technology-zones-modon\/\">Saudi Authority for Industrial Cities and Technology Zones (Modon)<\/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=\"93913\" 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=\"93913\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-chemical-taps-abdullah-alznaedi-as-new-acting-ceo\/\">\r\n                            Saudi Chemical taps Abdullah Alznaedi as new acting CEO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/saudi-chemical-taps-abdullah-alznaedi-as-new-acting-ceo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Alznaedi, with over 31 years of industrial experience, held leadership roles at the Saudi Basic Industries Corporation (Sabic), including CEO of Sabic Africa, and served as CEO of the Explosives Sector at Saudi Chemical Company. <\/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\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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-chemical-holding\/\">Saudi Chemical Holding<\/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=\"93915\" 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=\"93915\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/fakeeh-health-acquires-dubai-based-medicentres\/\">\r\n                            Fakeeh Health acquires Dubai-based MediCentres                        <\/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\/2025\/01\/30\/fakeeh-health-acquires-dubai-based-medicentres\/\" 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\/2025\/01\/30\/fakeeh-health-acquires-dubai-based-medicentres\/')\">\n         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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/fakeeh-health-acquires-dubai-based-medicentres\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2263.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93916\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/fakeeh-health-acquires-dubai-based-medicentres\/2263-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2263.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2263.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2263.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2263.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93915\" class=\"content-area-description single-story post-93915 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-al-fakhera-mens-tailoring tag-also-on-our-radar tag-baheej tag-bahri tag-enterpriseam-ksa tag-fakeeh-care tag-nabeeh tag-royal-commission-for-jubail-and-yanbu 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\/2025\/1\/.6aa3e586-3d92-4947-b4e7-923cf5a794df.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Tadawul-listed Fakeeh Care Gr<\/strong><strong>oup\u2019s subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/en.fakeeh.care\/\" style=\"\" rel=\"noopener\">Fakeeh Health<\/a><\/strong><strong> acquired 100% of <\/strong><strong>Dubai-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/medicentres.fakeeh.health\/\" style=\"\" rel=\"noopener\">MediCentres<\/a><\/strong><strong> from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.everesthealth.ae\/\" style=\"\" rel=\"noopener\">Everest Health Investments<\/a><\/strong> for an undisclosed sum, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D9%81%D9%82%D9%8A%D9%87-%D9%87%D9%8A%D9%84%D8%AB-%D8%AA%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-%D8%B9%D9%8A%D8%A7%D8%AF%D8%A7%D8%AA-%D9%85%D9%8A%D8%AF%D9%8A%D8%B3%D9%86%D8%AA%D8%B1%D8%B2-%D9%81%D9%8A-%D8%AF%D8%A8%D9%8A-gkklf11g\" style=\"\" rel=\"noopener\">a press release<\/a>. Medicenters \u2014 a primary care clinic network \u2014 is now Fakeeh Medicentres. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About MediCentres:<\/strong> MediCentres operates clinics in Motor City, Jumeirah Park, Al Furjan and Dubai Silicon Oasis, and Dubai Mall. The network of clinics offers comprehensive medical and dental services including pediatrics, physiotherapy, dermatology, among other fields, according to its webpage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Fakeeh Care took a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/341bef0a-b671-4d76-8852-f8d5914c345c\" style=\"\" rel=\"noopener\">21.5% stake to market<\/a> in June 2024 through an offering of both new and existing shares. The IPO was priced top of the range, giving the family business a market cap of 13.3 bn at listing. The Abu Dhabi Investment Authority, the UAE\u2019s largest sovereign wealth fund, was a cornerstone investor in the IPO, <a target=\"_blank\" href=\"https:\/\/www.hsbcsaudi.com\/en\/News\/Latest-News\/Fakeeh-An\" style=\"\" rel=\"noopener\">committing to subscribing<\/a> to 1.04 mn shares.<\/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\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STC Ban<\/strong><strong>k is now a full digital bank:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.stcbank.com.sa\/\" style=\"\" rel=\"noopener\">STC Bank<\/a>, a subsidiary of the Saudi Telecom Company, officially rolled out its digital banking services after receiving the green light from the Saudi Central Bank (Sama), according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84930&anCat=1&cs=7010&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. STC Bank, previously operating as STC Pay, will now function as a full digital bank, after it had been running under a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/291a8d44-0629-42f6-ae3b-2f9c2eb7bcbd\" style=\"\" rel=\"noopener\">beta phase<\/a> since April 2024.<\/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>BinDawood Hold<\/strong><strong>ing lined up a three-year, SAR 300 mn Shariah-compliant Murabaha <\/strong><strong>loan <\/strong><strong>with Emirates NBD KSA <\/strong>to fund a portion of its acquisition of Zahrat Al Rawdah Pharma, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84946&anCat=1&cs=4161&locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to Tadawul. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> BinDawood Holding, which operates supermarket chains BinDawood and Danube, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e65ac25e-b35e-490c-88ac-fe5df0b36ab7\" style=\"\" rel=\"noopener\">signed a sale and purchase agreement<\/a> for the full acquisition of Zahrat Al Rawdah Pharma for SAR 444.1 mn from Kawakeb Al Saydailyat back in November. The acquisition will allow BinDawood to include pharma products at its retail outlets, expanding its footprint in the health and wellness sector.<\/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\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi-based<\/strong> <strong>PropTech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nabeehapp.com\/\" style=\"\" rel=\"noopener\">Nabeeh<\/a><\/strong><strong> received an undisclosed investment from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ibtikarfund.com\/\" style=\"\" rel=\"noopener\">Ibtikar<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/ibtikarfund.com\/\" style=\"\" rel=\"noopener\">Fund<\/a><\/strong><strong>, <\/strong>which will be used to expand its user base and enhance its platform, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/01\/ibtikar-fund-backs-nabeeh-undisclosed-investment\" style=\"\" rel=\"noopener\">Wamda<\/a> reports. Founded in Palestine in 2021 by Saber Samara and Fawaz Samara, Nabeeh provides technology-driven solutions for maintenance and cleaning services, targeting property owners, real estate operators, and multi-branch businesses.<\/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\">DISPUTE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh's Commercial Court ruled in favor of Al Fakhera Men\u2019s Tailoring CEO Sulaiman <\/strong><strong>bin Hamad Al Yahya, <\/strong>citing lack of authority to handle the case seeking 58% of his ownership in the company, the company said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84944&anCat=1&cs=9618&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Al-Yahya owns 71.25% of Al Fakhera Men following its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9fb4da2c-a20e-450d-8dd9-b36ebe5ad183\/public-investment-fund-targets-sar-4-tn-in-aum-by-2025\" style=\"\" rel=\"noopener\">IPO on the Nomu-Parallel Market<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Al Yahya is facing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bea1d59b-14e9-4f81-bfe4-f650fbdbf147\/al%253cmark%253e-fakhera%253c%2Fmark%253e-men%25e2%2580%2599s-tailoring-discloses-four-lawsuits-against-ceo\" style=\"\" rel=\"noopener\">three other lawsuits<\/a> that could lead to a SAR 365k financial impact on the company. While the ruling is subject to appeal, Al-Fakhera assured that there is no significant risk to the Chairman\u2019s position.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Baheej launches SAR 500 mn tourist project in Yanbu: <\/strong>Baheej \u2014 a JV between Asfar, PIF\u2019s Saudi Tourism Investment Company, and the Tamimi-AWN Alliance, broke ground on its SAR 500 mn tourist project in Yanbu<strong>,<\/strong> <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2251922\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The project includes a tourist resort, luxury hotel, diving academy, and marina.<\/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\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Matternet\u2019s M2 delivery drones coming to the Kingdom:<\/strong> US-based delivery drone developer <a target=\"_blank\" href=\"https:\/\/www.matternet.com\/\" style=\"\" rel=\"noopener\">Matternet<\/a> received regulatory approval from the General Authority for Civil Aviation to operate its flagship M2 drone in Saudi Arabia, according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250126728738\/en\/Matternet-Receives-Approval-to-Operate-M2-Drone-in-the-Kingdom-of-Saudi-Arabia\" 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\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Royal <\/strong><strong>Commission for Jubail and Yanbu signed several agreements <\/strong><strong>with public and <\/strong><strong>private sector entities<\/strong> at Yanbu Industrial City, according to <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2251942\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. The agreements include:<\/p>\n<ul>\n<li><strong>An MoU with the Saudi Cricket Federation<\/strong> to manage and operate the cricket center in Yanbu Industrial City;<\/li>\n<li><strong>An MoU with PIF-backed industrial conglomerate <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alat.com\/en\/\" style=\"\" rel=\"noopener\">Alat<\/a><\/strong> to provide training programs at the Royal Commission\u2019s colleges and institutions;<\/li>\n<li><strong>An MoU with PIF-backed EV manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/lucidmotors.com\/en-sa\" style=\"\" rel=\"noopener\">Lucid Motors<\/a><\/strong> to train local talent in the EV industry, with a train-to-hire program for graduates;<\/li>\n<li><strong>An MoU with <\/strong><strong>Al Yamamah Steel Industries<\/strong> to localize technical and engineering jobs and offer training programs;<\/li>\n<li><strong>An MoU with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kfshrc.edu.sa\/\" style=\"\" rel=\"noopener\">King Faisal Specialist Hospital & Research Center<\/a><\/strong> to collaborate in healthcare;<\/li>\n<li><strong>An MoU with the Saudi Commission for Health Specialties<\/strong> to support professional and talent development in the healthcare sector;<\/li>\n<li><strong>An MoU with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.taibahu.edu.sa\/pages\/en\/home.aspx\" style=\"\" rel=\"noopener\">Taibah University<\/a><\/strong> to implement training and development programs.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Rasheed obtains military equipment supply license:<\/strong> Mining firm <a target=\"_blank\" href=\"https:\/\/alrasheedco.com.sa\/\" style=\"\" rel=\"noopener\">Mohammed Hadi Al<\/a><a target=\"_blank\" href=\"https:\/\/alrasheedco.com.sa\/\" style=\"\" rel=\"noopener\">Rasheed and Partners Co.<\/a> received a license from the General Authority for Military Industries to supply military equipment, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84939&anCat=1&cs=9601&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tad<\/a><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84939&anCat=1&cs=9601&locale=en\" style=\"\" rel=\"noopener\">awul<\/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\/al-fakhera-mens-tailoring\/\">Al Fakhera Men\u2019s Tailoring<\/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\/baheej\/\">Baheej<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bahri\/\">Bahri<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/fakeeh-care\/\">Fakeeh Care<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nabeeh\/\">Nabeeh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/royal-commission-for-jubail-and-yanbu\/\">Royal Commission for Jubail and Yanbu<\/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=\"93917\" 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=\"93917\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/fed-holds-rates-steady-keeping-tabs-on-trump-and-inflation\/\">\r\n                            Fed holds rates steady, keeping tabs on Trump and inflation                        <\/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\/2025\/01\/30\/fed-holds-rates-steady-keeping-tabs-on-trump-and-inflation\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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data-attachment-id=\"93918\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/30\/fed-holds-rates-steady-keeping-tabs-on-trump-and-inflation\/2222-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2222.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2222.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2222.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2222.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93917\" class=\"content-area-description single-story post-93917 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-donald-trump tag-enterpriseam-ksa tag-financial-markets tag-inflation tag-planet-finance tag-us-federal-reserve 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\/2025\/1\/.1195a748-2990-45e4-ab5d-c4903bbee854.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The US Federal Reserve unanimously kept interest rates steady in the 4.25%-4.50% <\/strong><strong>range, <\/strong>it said in a <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20250129a.htm#:~:text=In%20support%20of%20its%20goals,4%2D1%2F2%20percent.\" style=\"\" rel=\"noopener\">statement<\/a> yesterday, as they assess the impact of Trump\u2019s economic policies on inflation and growth. The decision ends the Fed\u2019s cutting spree, which brought rates down a full percentage point last year, including a 50 bps cut in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c22a2bd-d0a6-4fe1-9209-e5df1448126c\/fed-trims-rate-cuts-by-a-further-25-bps-as-central-bankers-brace-for-an-uncertain-time-for-monetary-policy\" style=\"\" rel=\"noopener\">September<\/a>, followed by 25 bps reductions in November and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f203e9f5-2ccd-41fb-8579-4e4d81199fc9\/%253cmark%253efed%253c%2Fmark%253e-cuts-rates-by-another-25-bps,-signals-slower-easing-cycle-next-year\" style=\"\" rel=\"noopener\">December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A predictable outcome: <\/strong>The decision was one of the \u201cmost predictable no change\u201d moves in recent years, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-29\/fed-faces-most-predictable-no-change-in-years-gundlach-says?srnd=phx-economics-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing DoubleLine Capital\u2019s Jeffrey Gundlach. A Reuters poll of economists echoed the same sentiment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/10a244f7-f8f3-4abe-aade-6987af7c6e3b\/what-a-second-trump-presidency-could-mean-for-the-mena-region\" style=\"\" rel=\"noopener\">earlier this month<\/a> as better-than-expected data for inflation and the jobs market signalled the economy does not need further stimulus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bracing for the Trump effect: <\/strong>While holding off on a rate cut for now, the Fed remains flexible as it evaluates the impact of the anticipated tariffs on Canadian and Mexican imports, the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-economy-inflation-interest-rates-borrowing-6ef86392b080ca963ec633546009409b\" style=\"\" rel=\"noopener\">Associated Press<\/a> reported. Policymakers are wary, recalling that past tariffs slowed growth more than they raised prices. Analysts also warn that widespread tariffs and mass deportations could fuel inflation, which stubbornly remains above the Fed\u2019s 2% target.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump is not happy:<\/strong> US President Donald Trump took to social media to lash against the Fed\u2019s presumed failure in stopping \u201cthe problem they created with Inflation\u201d. The newly-inaugurated president vowed to take matters into his own hands. \u201cI will do it by unleashing American Energy production, slashing Regulation, rebalancing International Trade, and reigniting American Manufacturing,\u201d he wrote in a <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/113913720574106648\" style=\"\" rel=\"noopener\">post<\/a> on Truth Social. Trump has been pushing for lower rates for a while now, claiming he should have a say in Fed policy. \u201cI\u2019ll demand that interest rates drop immediately, and likewise, they should be dropping all over the world,\u201d he <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-economy-inflation-interest-rates-borrowing-6ef86392b080ca963ec633546009409b\" style=\"\" rel=\"noopener\">said<\/a> earlier at Davos.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Less cuts this year? <\/strong>Analysts suggest we are in for a slower pace of reductions as the rates hover near the neutral zone, where monetary policy neither stimulates nor restricts growth. Meanwhile, Powell signalled repeatedly in the press conference that the Fed intends to wait for the Trump administration\u2019s policies to be articulated and implemented, before assessing their implications and deciding on the next step. \u201cChair Powell very clearly indicated that the first phase of rate calibration is behind us. They\u2019re in no hurry to move into the next phase,\u201d Kathy Bostjancic, chief economist at Nationwide, told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-30\/powell-signals-fed-on-hold-as-trump-economic-policies-take-shape\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are broadly in the green in early trading this morning<\/strong>, although a handful of them \u2014 including Taiwan, Hong Kong, South Korea, and China \u2014 are closed for the Lunar New Year. Japan\u2019s Nikkei is up around 0.2% so far.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on Wall Street, futures indicate the S&P 500, Dow Jones, and Nasdaq will all open in the green<\/strong> despite all three indexes closing down at the end of yesterday\u2019s trading. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,439<\/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: +3.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,548<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,049<\/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: -1.4%)<\/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\">5.0% 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\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">29,892<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +0.5%)<\/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>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\">9,569<\/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: +1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,129<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9% (YTD: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">6,039<\/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: +2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,558<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +4.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,231<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +6.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;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 76.58<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/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 3.54<\/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\">+1.8%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;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 2,798.30<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 103,780.80<\/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\">+3.4% (YTD: +10.7%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>rose 0.2% <strong>yesterday <\/strong>on turnover of SAR 8.9 bn. The index is up 3.4% 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> ALRAJHI (+4.7%), MBC GROUP (+4.4%) and BJAZ (+4.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>BUPA ARABIA (-7.1%), SHARQIYAH DEV (-5.2%) and BAAN (-4.5%).<\/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> rose 0.1% <strong>yesterday <\/strong>on turnover of SAR 35.3 mn. The index is down 1.4% 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> TMC (+30%), ALRASHEED (+19.3%) and MEYAR (+8.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> ALRASHID INDUSTRIAL (-5.2%), NBM (-5.0%) and FADECO (-4.8%)<\/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\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/inflation\/\">Inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/us-federal-reserve\/\">US Federal Reserve<\/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=\"93919\" 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\/2025\/01\/30\/93919\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93919\" class=\"content-area-description single-story post-93919 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\">JANUARY <\/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 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;\">31 January (Friday): Deadline for businesses to update their registered customs items.<\/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;\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 February (Saturday): UFC Fight Night: Adesanya vs Imavov, The Venue, 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;\">2 February (Sunday): Flyadeal launches direct flights to Karachi, Pakistan, departing from Riyadh and Jeddah twice a week.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2 February: Derayah Financial announces Price Range and begins institutional book building for its Tadawul IPO<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.simec-expo.com\/\" style=\"\">Saudi International Marine Exhibition (SIMEC)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-5 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 style=\"font-weight:400;\">4-5 February (Tuesday-Wednesday): Capital Markets & ESG Finance, Hilton Riyadh Hotel & Residences. <\/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 style=\"font-weight:400;\"> 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>9-12 February (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/onegiantleap.com\/\" style=\"\">LEAP Tech Conference<\/a><\/span><span style=\"font-weight:400;\">, Malham, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-12 February (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/deepfest.com\/?utm_source=google&utm_medium=paid&utm_content=delprom&utm_campaign=deepfest25&gad_source=1&gclid=CjwKCAiA34S7BhAtEiwACZzv4WynydAnL6UGiUkIxyl-k8I5UfyRJ12EttbjhQClkPb-Ma1p8VcQvRoCPn4QAvD_BwE\" style=\"\">DeepFest<\/a><\/span><span style=\"font-weight:400;\"> by Leap, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.stmksa.com\/\" style=\"\">Saudi Travel Market<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International 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;\">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>15-18 February (Saturday-Tuesday): Week one of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Exhibition & Conference Center. <\/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>18 February (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/global-cmf.com\/riyadh2025\/\" style=\"\">The Capital Markets Forum<\/a><\/span><span style=\"font-weight:400;\">, KAFD Conference Centre, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/global-cmf.com\/riyadh2025\/\" style=\"\">The Capital Markets Forum<\/a><\/span><span style=\"font-weight:400;\">, The Four Seasons, Riyadh.<\/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>21-22 February (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/jcsa.sa\/en\/saudi-cup\/\" style=\"\">The Saudi Cup<\/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>22 February (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.boxingnews24.com\/2024\/12\/bivol-vs-beterbiev-ii-fear-or-fight\/\" style=\"\">Dazn Boxing event: Beterbiev vs Bivol II<\/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>23-27 February (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ridw.org\/\" style=\"\">Riyadh International Disputes Week<\/a><\/span><span style=\"font-weight:400;\">, Hilton Riyadh Hotel Granada. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rihf.ksrelief.org\/\" style=\"\">The Riyadh International Humanitarian 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>24-27 February (Monday-Thursday): Week two of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Exhibition & Conference Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH <\/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 (TBC).<\/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 <\/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>3-20 April (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.the-afc.com\/en\/national\/afc_u17_asian_cup\/news\/afcu17_qualifiers_set_to_ignite_road_to_saudi_arabia_2025.html\" style=\"\">AFC Asian U17 Cup<\/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>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>18-20 April (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/f1experiences.com\/2025-saudi-arabian-grand-prix\" style=\"\">Saudi Arabian Grand Prix<\/a><\/span><span style=\"font-weight:400;\">, Jeddah,<\/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>22-23 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eventbrite.co.uk\/e\/aam-middle-east-riyadh-conference-2025-tickets-1110177433589?aff=oddtdtcreator\" style=\"\">AAM 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 style=\"font-weight:400;\">25 April- 4 May (Friday-Sunday): AFC Champions League Elite Finals <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span 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>12-15 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartmanufacturing.com\/\" style=\"\">Saudi Smart Manufacturing<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention & Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-14 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gemtechforum.com\/\" style=\"\">Global EV & Mobility Technology Forum<\/a><\/span><span style=\"font-weight:400;\">, The Arena, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 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 <\/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;\">17-18 June (Tuesday-Wednesday): US Federal Reserve\u2019s 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;\">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 <\/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;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-17 August (Tuesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fiba.basketball\/en\/events\/fiba-asiacup-2025-qualifiers\" style=\"\">Fiba Asian Cup<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 September (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/money2020middleeast.com\/\" style=\"\">Money 20\/20 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>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 <\/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 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-9 November (Monday- Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtatennis.com\/tournament\/808\/wta-finals\/2025\/overview\" style=\"\">WTA Tour Finals<\/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>24-26 November (Monday-Wednesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">The 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:400;\">27-30 November (Thursday-Sunday): The World Rally Championship (WRC), Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaea.org\/events\/epr2025\" style=\"\">International Conference on Nuclear Emergencies<\/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>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>8-12 February (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worlddefenseshow.com\/en\" style=\"\">World Defense Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>Jazan unveils SAR 4.7 bn projects | Saudi debt market grows | A flurry of bank earnings | Witkoff visits Riyadh + Gaza<\/p>\n","protected":false},"featured_media":93896,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-93895","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"955b3bad-e94f-4067-9d4b-c4bb0a7b8c2c","teaser":"Jazan unveils SAR 4.7 bn projects | Saudi debt market grows | A flurry of bank earnings | Witkoff visits Riyadh + Gaza","photo_url":"https:\/\/ent.news\/2024\/3\/2192.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes-backed Spark Education acquires majority stake in Qimam El Hayat Int\u2019l School - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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