{"id":94364,"date":"2025-02-13T00:00:00","date_gmt":"2025-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=94364"},"modified":"2025-12-14T20:16:50","modified_gmt":"2025-12-14T20:16:50","slug":"sec-completes-usd-2-8-bn-dual-tranche-sukuk-offering","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/sec-completes-usd-2-8-bn-dual-tranche-sukuk-offering\/","title":{"rendered":"SEC completes USD 2.8 bn dual-tranche sukuk offering"},"content":{"rendered":"<section id=\"94366\" 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=\"94366\">\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\/02\/13\/trump-putin-to-meet-in-riyadh-world-bank-sees-gcc-economies-growing-by-3-4-in-2025\/\">\r\n                            THIS MORNING: Trump, Putin to meet in Riyadh + World Bank sees GCC economies growing by 3.4% in 2025                        <\/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\/02\/13\/trump-putin-to-meet-in-riyadh-world-bank-sees-gcc-economies-growing-by-3-4-in-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We wrap up a big week for Saudi business and tech, that saw Leap 25 score over USD 25 bn in total investments and tech launches, as well as the two-day PIF\u2019s Private Sector Forum which saw the unveiling of big tickets on its first day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> SEC completes USD 2.8 bn dual-tranche sukuk offering, Tabby raises USD 160 mn in Series E round raising its valuation to USD 3.3 bn, and three Saudi companies join the MSCI Small Cap Index. Let\u2019s dive in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>A rainy Riyadh is looking at a 23\u00b0C high and a 16\u00b0C low today. Jeddah is in for light showers, a 28\u00b0C high and 20\u00b0C low. Meanwhile, Makkah will also see rainstorms as well as a 29\u00b0C high and 21\u00b0C low.<\/p>\n<p class=\"tag-border-left\">HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/global-cmf.com\/riyadh2025\/\" style=\"\" rel=\"noopener\">Ca<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/global-cmf.com\/riyadh2025\/\" style=\"\" rel=\"noopener\">pital Markets Forum<\/a><\/strong><strong> \u2014 <\/strong><strong>organized by Saudi Tadawul Group \u2014 <\/strong><strong>kicks off on Tuesday, 18 February <\/strong>at Riyadh\u2019s KAFD Conference Center, before moving to the Four Seasons Hotel Riyadh for the following two days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** EnterpriseAM will be at the Forum in Riyadh next week, Tuesday to Thursday.<\/strong> Feel free to drop us a line at awahid@enterprisemea.com \u2014 we\u2019d love to grab a coffee and chat about the latest in the industry.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> #1-<\/strong> <strong>US President Donald Trump and Russian President Vladimir Putin <\/strong>are set to meet in Riyadh \u201cin the not-so-distant future\u201d to iron out details for a Ukraine peace agreement, Trump said yesterday. The US president declined to confirm he will meet Ukraine\u2019s Zelenskiy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> The Kingdom and the UAE were floated as possible venues for an upcoming meeting of the two presidents, Reuters reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/769fe009-9ca8-453b-9cb0-509698b007f8\/\" style=\"\" rel=\"noopener\">earlier<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Trum<\/strong><strong>p to ad<\/strong><strong>dress PIF\u2019s summit in Miami this month:<\/strong> Trump is expected to deliver an in-person address at the PIF-hosted <a target=\"_blank\" href=\"https:\/\/fii-institute.org\/conference\/fii-priority-miami-2025\/\" style=\"\" rel=\"noopener\">FII Priority summit<\/a> in Miami, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-poised-attend-saudi-backed-conference-miami-february-sources-say-2025-02-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing anonymous sources. The event, which brings together global financiers and tech executives, will run from February 19 to 21.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been an up-and-down few weeks for Saudi-Trump: <\/strong>Trump\u2019s participation follows Saudi Arabia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6cdf8fb5-68ca-4124-80ff-05078e921e39\/saudi-arabia,-arab-partners-denounce-netanyahu'\" style=\"\" rel=\"noopener\">categorical rejection<\/a> of his call to displace Palestinians from Gaza as part of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/057d685f-d795-4bf5-b6ac-a673448db4d4\/derayah-secures-al-olayan-as-cornerstone-investor-in-upcoming-ipo\" style=\"\" rel=\"noopener\">US takeover of the strip<\/a> to turn it into \u201cthe Riviera of the Middle East\u201d. The president\u2019s participation in spite of regional tensions \u201cdemonstrates that the US-Saudi relationship is multi-dimensional and Riyadh is able to compartmentalize policies,\u201d Neil Quilliam, associate fellow at the Middle East and North Africa Program of London-based think tank Chatham House, told Reuters.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> #2-<\/strong><strong> The World Bank sees GCC economies growing by 3.4% in 2025,<\/strong> and potentially rising further to 4.1% in 2026, buoyed by significant investments in non-oil sectors, the bank\u2019s Vice President for the Middle East and North Africa Ousmane Dione told state news agency UAE\u2019s state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi5yuu8-world-bank-forecasts-34-growth-for-gulf-economies\" style=\"\" rel=\"noopener\">Wam<\/a> on the sidelines of the World Governments Summit (WGS) in Dubai. Oil-producing nations in the MENA region will see slowed growth during the year as a result of lowering their oil production, while oil importers will see further growth due to more diversified economies, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone\u2019s optimistic about the Kingdom\u2019s growth prospects this year:<\/strong> Capital Economics expects Saudi Arabia\u2019s GDP growth to \u201cunderwhelm this year\u201d despite strong non-oil growth, as gains in the non-oil sector were \u201coffset by oil GDP that contracted after extended oil output cuts,\u201d according to a Capital Economics note seen by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Capital Economics <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/da3d0959-07de-4bb1-94b7-6c8b41d0cbcc\/saudi-gdp-grows-1.3%2525-in-2024,-buoyed-by-non-oil-activities\" style=\"\" rel=\"noopener\">expects<\/a> the Saudi economy to grow 3.5% in 2025, while the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7cb585e6-9177-4969-a374-3b0811a98735\/%253cmark%253eimf%253c%2Fmark%253e-lowers-real-gdp-growth-projections-to-3.2%2525-in-2025\" style=\"\" rel=\"noopener\">IMF<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/25106b13-370f-4dc2-8073-cc7e7e3f9db1\/%253cmark%253eworld%253c%2Fmark%253e%253cmark%253e-bank%253c%2Fmark%253e-revises-down-saudi-growth-projections-to-3.4%2525-in-2025\" style=\"\" rel=\"noopener\">World Bank<\/a> recently slashed the Kingdom\u2019s 2025 growth projections to 3.2% and 3.4% respectively, citing extended Opec+ production cuts.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Saudi <\/strong><strong>takes helm of global anti-corruption network:<\/strong> Saudi Arabia officially assumed the presidency of the UN\u2019s <a target=\"_blank\" href=\"https:\/\/globenetwork.unodc.org\/\" style=\"\" rel=\"noopener\">Global Operational Network of Anti-Corruption Law Enforcement Authorities<\/a> (GlobE Network) for the 2025-2027 term, <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/en\/N2259720\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. The Kingdom succeeds Spain in leading the network, which brings together over 219 law enforcement agencies from more than 120 countries to coordinate international efforts against corruption cases and instances of cross-border corruption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Capital Market Authority cleared <\/strong><strong>Sedco Capital to publicly offer its Sedco Capital <\/strong><strong>Global Monthly Distributions <\/strong><strong>Fund<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3737.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Orders handled by delivery apps in the Kingdom reached 290 mn in 2024, <\/strong>the Transport General Authority said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Saudi_TGA\/status\/1889292628203577345\" style=\"\" rel=\"noopener\">post on X<\/a> <strong>.<\/strong> Riyadh Province accounted for 45.3% of the 290 mn orders in 2024 at 130.5 mn orders, followed by Makkah Province at 65.4 mn (22.7%) and the Eastern Province at 43.2 mn (15%), according to <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Some 40% of 5G customers in Saudi Arabia are unsatisfied with best-effort 5G <\/strong><strong>services due to <\/strong><strong>connectivity issues in high-traffic areas<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\/press-releases\/5\/2025\/ericsson-consumerlab-report-highlights-rising-interest-in-differentiated-connectivity-among-saudi-consumers\" style=\"\" rel=\"noopener\">report<\/a> by Ericsson. Meanwhile, 27% of 5G users are willing to pay a 30% premium for performance guarantees on apps vulnerable to latency and uplink disruptions.<\/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 class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The war in Ukraine is in the spotlight this morning<\/strong>, as an unexpected rapprochement between the US and Russia opens the door for peace talks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russo-Ukranian talks to kick off: <\/strong>US President Trump agreed \u2014 in his first publicly announced phone call with Russian President Vladimir Putin \u2014 to start negotiations aimed at ending the war \u201cimmediately\u201d and reaching a long-term settlement. The two presidents are set to meet later in Riyadh to iron out the details, Trump added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Blindsiding allies: <\/strong>The announcement came hours after US Defense Secretary Pete Hagseth told the Nato that Ukraine\u2019s aims to join the alliance are \u201cunrealistic,\u201d conceding that the country will probably have to accept losing territory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ever the businessman: <\/strong>The US also presented Ukraine\u2019s president Volodymyr Zelenskiy with an economic partnership agreement, during a visit by Treasury Secretary Scott Bessent to Kyiv. Zelenskiy said the talks will include \u201cUkraine\u2019s potential in natural resources,\u201d a particular interest for Trump, who said earlier he would like to tap into Kyiv\u2019s critical minerals as well as open its markets to US energy exports in exchange for military and economic support. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/12\/us\/politics\/trump-putin-call-russia-ukraine-war.html\" style=\"\" rel=\"noopener\">NY Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-12\/us-treasury-s-bessent-presents-economic-partnership-to-zelenskiy\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1b5dde3b-ab6b-4b93-8a1b-6c3a40bb690c\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trump-says-he-discussed-ending-ukraine-war-with-russias-putin-2025-02-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/02\/12\/politics\/putin-trump-phone-call\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/02\/12\/2025\/trump-says-putin-agreed-to-talks-to-end-ukraine-war-but-kyivs-role-unclear\" style=\"\" rel=\"noopener\">Semafor<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tariffs push not slowing down: <\/strong>Trump could sign his reciprocal tariffs today, ahead of India\u2019s Prime Minister Nerandra Modi landing in Washington, where the two are scheduled to discuss trade concessions to spare India potential tariffs. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/12\/trump-reciprocal-tariffs-could-come-by-thursday-white-house-says.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>Eyes are still on the region: <\/strong>Tensions are high closer to home, as Egypt\u2019s president Abdel Fattah El Sisi has reportedly opted to stay away from the White House as long as the agenda includes talks on displacing Gazans. Meanwhile, Israel is reportedly pushing to retain a number of positions in Lebanon after the US shot down a request to keep most troops in the country in&nbsp;<span style=\"background-color: transparent;\">violation of the ceasefire agreement with Hezbollah. (<\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-12\/israel-insists-on-posts-in-lebanon-as-us-rejects-pullout-delay\" rel=\"noopener\">Bloomberg<\/a><span style=\"background-color: transparent;\"> | <\/span><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypts-president-sisi-not-attend-any-white-house-talks-if-gaza-displacement-2025-02-12\/\" rel=\"noopener\">Reuters<\/a><span style=\"background-color: transparent;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\"><br \/><\/span><\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"background-color: transparent;\">***<\/span><\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"background-color: transparent;\"><b>EDITOR'S NOTE-<\/b> This story was amended on Thursday, 13 February to correct Tabby's valuation to USD 3.3 bn. A previous version of this story incorrectly stated that the company's current valuation is at USD 33 bn.<\/span><\/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\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/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=\"94368\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15542.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94369\" 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=\"94369\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/sec-completes-usd-2-8-bn-dual-tranche-sukuk-offering\/\">\r\n                            SEC completes USD 2.8 bn dual-tranche sukuk offering                        <\/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\/02\/13\/sec-completes-usd-2-8-bn-dual-tranche-sukuk-offering\/\" 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 senior unsecured, USD-denominated issuance was structured through a special purpose vehicle (SPV).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The offering featured a five-year tranche of USD 1.5 bn with an annual yield of 5.225% and a ten-year green tranche of USD 1.25 bn with an annual yield of 5.489%. Some 13.8k sukuk certificates were issued, each with a nominal value of USD 200k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds:<\/strong> Proceeds from the offering will be used to fund SEC\u2019s general business needs, including infrastructure and development costs, the disclosure said. Part of the proceeds will be allocated to renewable projects that align with the company\u2019s Green Sukuk Framework, the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The green tranche is SEC\u2019s fourth offering under its Green Sukuk Framework, through which the company raised USD 3.8 bn since the program launched in 2020, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2260170\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- SEC is actively working on funding its green initiatives:<\/strong> In January, SEC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d5d9c391-0fbf-45a4-94a5-2b3ba452bf30\/italy-and-ksa-sign-usd-10-bn-in-agreements\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Italy\u2019s state export credit agency Sace to explore credit guarantees to SEC for new sustainable projects, to develop the Saudi electricity system in collaboration with Italy\u2019s EPC and O&M service providers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> HSBC, Standard Chartered Bank, Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Mizuho, MUFG, SMBC, Intesa Saopaolo, Alistithmar Capital, BofA Securities, ICBC, BNP PARIBAS, Emirates NBD Capital, Natixis, Dubai Islamic Bank PJSC, Bank of China, and SNB Capital acted as joint lead managers.<\/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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-electricity-company-sec\/\">Saudi Electricity Company (SEC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94371\" 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=\"94371\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/tabby-raises-usd-160-mn-in-series-e-round-becoming-menas-most-valuable-fintech\/\">\r\n                            Tabby raises USD 160 mn in Series E round, becoming Mena\u2019s most valuable fintech                        <\/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\/02\/13\/tabby-raises-usd-160-mn-in-series-e-round-becoming-menas-most-valuable-fintech\/\" 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 round was led by <a target=\"_blank\" href=\"https:\/\/bluepoolcapital.com\/\" style=\"\" rel=\"noopener\">Blue Pool Capital<\/a> and <a target=\"_blank\" href=\"https:\/\/hassana.com.sa\/\" style=\"\" rel=\"noopener\">Hassana Investment<\/a>, with additional backing from <a target=\"_blank\" href=\"https:\/\/stv.vc\/\" style=\"\" rel=\"noopener\">STV<\/a> and <a target=\"_blank\" href=\"https:\/\/www.wellington.com\/en\" style=\"\" rel=\"noopener\">Wellington Management<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds: <\/strong>The fresh funds will be used to back Tabby\u2019s rollout of products by expanding their financial services \u2014 including digital spending accounts, payments, cards, and money management tools, solidifying the company\u2019s financial position ahead of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed6318f9-e257-4f72-9b1d-0b90f1d71e0e\/%253cmark%253etabby%253c%2Fmark%253e-targets-2025-2026-window-for-saudi-ipo#:~:text=IPO%20WATCH%20%231%2D%20BNPL%20platform%20Tabby%20plans%20to%20IPO%20in%20Saudi%20in%202025%20or%202026%2C%20General\" style=\"\" rel=\"noopener\">planned IPO<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Tabby reportedly tapped HSBC Holdings, JPMorgan Chase, and Morgan Stanley <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2b55cbd6-eb2f-4596-8f56-69fabca00764\/%253cmark%253etabby%253c%2Fmark%253e-taps-advisors-for-potential-ipo-%2B-phytome-mulls-move-to-saudi\" style=\"\" rel=\"noopener\">earlier this month<\/a> to advise on a potential IPO, with the company targeting a 2025-2026 window. The size of the offering and the exact timeframe are yet to be determined.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Tabby been up to? <\/strong>Since its last funding round in October 2023, Tabby has nearly doubled its annualized transaction volume to over USD 10 bn, the statement reads. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c1ab6b20-0c8e-49f3-b4a0-eeaccd98b4cf\/m&a-news-from%253cmark%253e-tabby%253c%2Fmark%253e-%2B-salic-%2B-dussur\" style=\"\" rel=\"noopener\">acquired<\/a> local digital wallet <a target=\"_blank\" href=\"https:\/\/tweeq.sa\/\" style=\"\" rel=\"noopener\">Tweeq<\/a> in September, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/435b8359-8957-442e-ad89-6d768d514c7d\/saudi-investment-recycling-%2B-hellenic-environmental-center-to-set-up-environmental-processing-centers-in-the-kingdom\" style=\"\" rel=\"noopener\">integrated<\/a> UAE-based travel tech player <a target=\"_blank\" href=\"https:\/\/tumodo.io\/\" style=\"\" rel=\"noopener\">Tumodo<\/a> \u2019s services into its platform. As of 2025, Tabby has more than 15 mn registered users and over 40k sellers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the Mena stage: <\/strong>Tabby and its fellow fintech <a target=\"_blank\" href=\"https:\/\/tamara.co\/en-SA\" style=\"\" rel=\"noopener\">Tamara<\/a> dominated Mena\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/am\/2024-06-06\/7\" style=\"\" rel=\"noopener\">venture<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/am\/2024-06-06\/7\" style=\"\" rel=\"noopener\">debt-backed lending in 2023<\/a>, securing USD 600 mn of the USD 601 mn raised by fintech players, which accounted for 79% of Mena's total venture debt-backed lending that year. Tabby's services are also available in the UAE and Kuwait.<\/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\/blue-pool-capital\/\">Blue Pool Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bnpl\/\">BNPL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hassana-investment\/\">Hassana Investment<\/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\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tabby\/\">Tabby<\/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=\"94373 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=\"94373\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/94373\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94373\" class=\"content-area-description single-story post-94373 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=\"94374\" 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=\"94374\">\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\/02\/13\/pifs-private-sector-forum-scores-big-investments-wraps-up-today\/\">\r\n                            PIF\u2019s Private Sector Forum scores big investments, wraps up today                        <\/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\/02\/13\/pifs-private-sector-forum-scores-big-investments-wraps-up-today\/\" 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 two-day event brings together CEOs from PIF\u2019s portfolio companies \u2014 including Riyadh Air, Alat, Diriyah, Ma'aden, and Ceer \u2014 and looks to bridge connections between the wealth fund, its portfolio companies, and private sector players, while promoting localization and enhancing supply chains in vital sectors. <strong>Here are some of the highlights from day one:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Alupco to partner with PIF on SAR 1 bn manufacturing hub: <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alupco.com\/\" style=\"\" rel=\"noopener\">Alum<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/alupco.com\/\" style=\"\" rel=\"noopener\">inum Products<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/alupco.com\/\" style=\"\" rel=\"noopener\">Company (Alupco)<\/a><\/strong> will invest in a three-year SAR 1 bn manufacturing facility for fully automated doors and windows in partnership with the PIF, CEO Khaled Abdelmoneim told Al Arabiya on the sidelines of the PIF\u2019s Private Sector Forum. The project is the first of its kind outside China and Germany, Abdelmoneim added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know so far: <\/strong>Alpuco will hold a 75% stake in the new venture \u2014 set to be announced today \u2014 with the remainder controlled by PIF-backed Roshn, Abdolmoneim told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/70163\/%D8%A3%D9%84%D9%88%D8%A8%D9%83%D9%88-%D8%AA%D8%A8%D8%B1%D9%85-%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D9%85%D8%B9-%D8%B1%D9%88%D8%B4%D9%86-%D9%84%D8%AA%D8%B5%D9%86%D9%8A%D8%B9-%D9%85%D9%88%D8%A7%D8%AF-%D8%A7%D9%84%D8%A8%D9%86%D8%A7%D8%A1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>, adding that half of the new manufacturing hub\u2019s output will be slated for export markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Alupco is gearing up for a Saudi IPO by mid-2026<\/strong>, Abdelmoneim told AlArabiya. The listing will not see the exit of any existing shareholders, Abdolmoneim added without providing further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Homegrown EV manufacturer Ceer inked 11 partnerships worth a combined SAR 5.5 <\/strong><strong>bn yesterday<\/strong>, 80% of which were with Saudi businesses, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/ceer\/status\/1889697090579648841\" style=\"\" rel=\"noopener\">post on X<\/a>. Details of the agreements were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Public Investment Fund is offering investment opportunities worth some SAR 40 bn <\/strong><strong>to the private sector<\/strong>, in a bid to stimulate and attract investments across the entire value chain, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/latest-news\/274\/%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AF%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%8A%D9%82%D8%AF%D9%85-%D9%81%D8%B1%D8%B5%D8%A7-%D9%84%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-%D8%A8-40-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%B1%D9%8A%D8%A7%D9%84\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a statement from PIF Governor Yasir Al Rumayyan. The investment prospects will be offered up through a dedicated platform, Al Rumayyan adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Big plans for private sector involvement in logistics: <\/strong>Transport and Logistic Services Minister Saleh Al Jasser unveiled plans to offer potential investments worth SAR 240 bn to the private sector, with the government pushing for private firms to cover 80% of investment in the logistics sector, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/economy\/2025\/02\/12\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-%D8%B3%D9%8A%D9%85%D9%88%D9%84-80-%D9%85%D9%86-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D9%84%D9%88%D8%AC%D8%B3%D8%AA%D9%8A\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reports. Four airports are currently on offer, Al Jasser added, with tenders to establish and manage Abha Airport at their final bidding stages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Saudi robots to broach global markets by next May: <\/strong>The Kingdom is set to begin exporting Saudi-made industrial robots by next May, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2589936\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a> reports citing a statement by Alat CEO Amit Midha. The achievement will be enabled by Alat\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4a3cbdd1-60dd-4955-bd83-a2f9d378e836\/pif-platform-alat-announces-first-four-int%25e2%2580%2599l-partners-under-sustainable-tech-manufacturing-drive\" style=\"\" rel=\"noopener\">USD 150 mn venture with Japan\u2019s Softbank<\/a> to establish a fully automated manufacturing and engineering hub for industrial robots.<\/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\/ceer\/\">Ceer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span 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class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\">\r\n                            Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94377\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/1111-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1111.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94376\" class=\"content-area-description single-story post-94376 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-barloworld tag-enterpriseam-ksa tag-glass-lewis tag-institutional-shareholder-service tag-ma-watch tag-zahid-group 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\/2\/.fb074414-48c4-4e4b-b4de-d6ff64cb6124.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Proxy advisory firms <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.glasslewis.com\/\" style=\"\" rel=\"noopener\">Glass Lewis<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.issgovernance.com\/\" style=\"\" rel=\"noopener\">Institutional Shareholder Service<\/a><\/strong><strong> are <\/strong><strong>reportedly advising Barloworld shareholders to accept <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zahid.com\/\" style=\"\" rel=\"noopener\">Zahid Group<\/a><\/strong><strong>\u2019s ZAR 22.8 bn (USD 1.2 bn) takeover offer<\/strong>, stating that ZAR 120 apiece is a fair value, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-12\/saudi-s-1-2-billion-barloworld-deal-offer-gets-glass-lewis-iss-recommendaton\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Independent valuations from Rothschild also support the offer, estimating the stock\u2019s worth between ZAR 105.53-119.43 apiece, despite some shareholders\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9eecc400-f488-408c-b2c6-60fb6b50b533\/zahid-group-eyes-total-buyout-of-south-africa%25e2%2580%2599s-barloworld\" style=\"\" rel=\"noopener\">earlier refusal<\/a> to sell for less than ZAR 130 per share. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Jeddah-based heavy equipment distributor Zahid Group and Entsha <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9eecc400-f488-408c-b2c6-60fb6b50b533\/\" style=\"\" rel=\"noopener\">placed a<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9eecc400-f488-408c-b2c6-60fb6b50b533\/\" style=\"\" rel=\"noopener\">bid<\/a> to fully acquire South African construction equipment outfit Barloworld in December 2024. The bid valued the stock at a premium of 30% to its last closing price before the news surfaced. The pair also offered to pay up a ZAR 3.10 dividend that Barloworld had announced previously, in order to sweeten the arrangement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It all hinges on a vote:<\/strong> A final shareholder vote on Wednesday, 26 February will decide if the transaction secures the 75% approval threshold needed to go through. No higher offer is expected, making this a take-it-or-leave-it scenario for investors, the business news information service reports citing sources it says are in the know. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is a related party transaction. <\/strong>Zahid has been steadily upping its shares in Barloworld over the last four years and currently holds 19% of the company. The Saudi firm\u2019s investment in the South African firm looks to reap gains from an uptick in construction activity in the African market, with the market set to grow 27% by 2029 on the back of government outlays for infrastructure and strong consumer demand. <\/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\/barloworld\/\">Barloworld<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/glass-lewis\/\">Glass Lewis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/institutional-shareholder-service\/\">Institutional Shareholder Service<\/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\/zahid-group\/\">Zahid Group<\/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=\"94378\" 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=\"94378\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/\">\r\n                            Saudi sees 15 projects worth SAR 6.6 bn awarded in January                        <\/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\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/\" 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\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/')\">\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\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/\">\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 sees 15 projects worth SAR 6.6 bn awarded in January&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/\">\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\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/&title=Saudi sees 15 projects worth SAR 6.6 bn awarded in January\">\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+sees+15+projects+worth+SAR+6.6+bn+awarded+in+January+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F13%2Fsaudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january%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\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2518.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94379\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/saudi-sees-15-projects-worth-sar-6-6-bn-awarded-in-january\/2518-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2518.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2518.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2518.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2518.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94378\" class=\"content-area-description single-story post-94378 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-energy tag-enterpriseam-ksa tag-erth-real-estate tag-industry tag-infrastructure tag-saudi-electricity-company 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\/2\/.47c573cc-5d57-4011-bab1-033e6d788724.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Some 15 projects worth some <\/strong><strong>SAR 6.59 bn were awarded in the Kingdom <\/strong><strong>in January<\/strong>, the Saudi Contractors\u2019 Authority (SCA) said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1186.pdf\" style=\"\" rel=\"noopener\">Contracting Sector Overview report (pdf)<\/a>. Building and construction contracts accounted for more than half of total value, with SAR 3.77 bn allocated across seven projects. Power and water sector contracts totalled SAR 1.46 bn, distributed across seven projects, while one industrial project had a SAR 1.4 bn ticket.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top owners: <\/strong>Erth Real Estate led in total project value, with a SAR 3.69 bn investment distributed across 4 projects. Saudi Electricity Company (SEC) had the largest number of new projects, with seven projects valued at a total SAR 1.46 bn. Meanwhile, mineral player Ma\u2019aden had a single SAR 1.36 bn project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R<\/strong><strong>egion<\/strong><strong>al breakdown: <\/strong>Riyadh had the largest number of projects (9) and greatest total value for the month (SAR 4.82 bn). The Northern Province followed with a single SAR 1.36 bn initiative. The Eastern Province ranked fourth with a SAR 168.8 mn investment. Meanwhile, Al Jouf, Qassim, and Makkah each had projects worth SAR 75 mn, and Madinah had the smallest monthly share at SAR 22.5 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s n<\/strong><strong>ext? <\/strong>The Kingdom is set to see over 25 new projects awarded this month, with half focused on infrastructure and industry. More than half of the month\u2019s projects are expected to be situated in Tabuk, Madinah, and Makkah. SEC, the Environment, Water and Agriculture Ministry, and the Royal Saudi Land Forces are some of the organizations expected to line up big tickets this month, the report said.<\/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\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/erth-real-estate\/\">Erth Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/industry\/\">industry<\/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\/saudi-electricity-company\/\">Saudi Electricity Company<\/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=\"94380\" 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=\"94380\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/\">\r\n                            Three Saudi companies join MSCI Small Cap Index                        <\/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\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/\" 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\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/')\">\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\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/\">\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=Three Saudi companies join MSCI Small Cap Index&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/\">\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\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/&title=Three Saudi companies join MSCI Small Cap Index\">\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=Three+Saudi+companies+join+MSCI+Small+Cap+Index+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F13%2Fthree-saudi-companies-join-msci-small-cap-index%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\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1764.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94381\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/three-saudi-companies-join-msci-small-cap-index\/1764-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1764.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1764.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1764.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1764.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94380\" class=\"content-area-description single-story post-94380 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-advanced-petrochemicals tag-al-majed-oud tag-capital-market-authority tag-capital-markets tag-enterpriseam-ksa tag-mobile-telecom tag-saudi-tadawul-group 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\/2\/.bc1ba4cd-375f-411c-9166-2f81bc740405.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Three Saudi Tadawul-listed companies were added to the MSCI ACWI Small Cap Index,<\/strong> according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1192.pdf\" style=\"\" rel=\"noopener\">MSCI Equity Indexes February 2025 Index Review (pdf)<\/a>. The additions included Advanced Petrochemicals, Al Majed Oud, and Mobile Telecom, reflecting the Kingdom\u2019s ongoing diversification efforts, with representation across retail and telecom, in addition to petrochemicals. The new additions will take effect at market close on Friday, 28 February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An easier entry lane?<\/strong> The MSCI Small Cap Index includes companies that fall below MSCI\u2019s large and mid-cap size classifications but still meet size, liquidity, and accessibility requirements, offering exposure to smaller yet investable stocks. Meanwhile, the MSCI Frontier Markets Index is designed for companies in smaller, developing economies like Morocco, where inclusion criteria are less stringent than in emerging markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MSCI lates<\/strong><strong>t index reshuffle also brought notable changes to Mena equities<\/strong><strong>. <\/strong>DFM-listed Emaar Development was added to the MSCI Emerging Markets Index in one of its top three additions by market cap this month, reinforcing the UAE\u2019s growing market depth and liquidity. Additionally, two Emirati companies joined the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1195.pdf\" style=\"\" rel=\"noopener\">MSCI ACWI Small Cap Index (pdf)<\/a>, namely ADX-listed NMDC Energy and Abu Dhabi National Hotels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also from the region: <\/strong>Morocco\u2019s CFG Bank was added to the MSCI Frontier Markets Index, reflecting the North African market\u2019s growing financial sector influence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Favorable sectors<\/strong>: Additions in the region seem to be heavily weighted toward real estate, petrochemicals, telecom, and finance, aligning with the region\u2019s broader economic diversification plans.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>Being added to MSCI indices can greatly ramp up the companies\u2019 market presence, liquidity, and investor attractiveness. It's a sign of credibility, financial health, and alignment with global investment standards. Inclusion in MSCI indices follows a rigorous selection process based on market classification, size, liquidity, and foreign accessibility. To be added, a company must first be listed in an MSCI-designated Emerging Market country, meet minimum market cap thresholds, and boast strong liquidity (with an annualized traded value ratio of at least 15%), without having major restrictions on foreign ownership.<\/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\/advanced-petrochemicals\/\">Advanced Petrochemicals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-majed-oud\/\">Al Majed Oud<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-market-authority\/\">Capital Market Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/mobile-telecom\/\">Mobile Telecom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-tadawul-group\/\">Saudi Tadawul Group<\/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=\"94382\" 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=\"94382\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/americana-restaurants-net-income-falls-38-8-y-o-y-in-2024\/\">\r\n                            Americana Restaurants\u2019 net income falls 38.8% y-o-y in 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\/02\/13\/americana-restaurants-net-income-falls-38-8-y-o-y-in-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(); 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The decline was attributed to new store openings and corporate tax taking effect in the UAE. Revenues were also down 9% y-o-y at USD 2.2 bn over the same period, driven by a slowdown in consumer demand amid regional tensions and unfavorable foreign exchange rates, the release read. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 4Q 2024<\/strong>, net income grew 26.3% y-o-y, while revenues grew 14.1% y-o-y. The release did not disclose exact numbers for net income or revenues, while Argaam <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/financial-reports\/company-report\/15023\/2024\/1\" style=\"\" rel=\"noopener\">reported<\/a> net income in 4Q at SAR 155.2 (USD 41.4 mn) and revenues at SAR 2.2 bn (USD 600 mn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The company is distributing USD 127 mn in dividends to its shareholders at USD 0.02 per unit for FY 2024. The eligibility and distribution dates will be announced later, pending shareholders\u2019 approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><b>EDITOR'S NOTE-<\/b> This story was amended on Thursday, 13 February to correct Americana Restaurants' 4Q 2024 earnings as reported by Argaam. A previous version of this story incorrectly stated that Argaam put&nbsp;<span style=\"background-color: transparent;\">net income in 4Q at SAR 122.9 and revenues at SAR 1.94 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><app-seprate-dashed _ngcontent-serverapp-c75=\"\" _nghost-serverapp-c20=\"\" style=\"visibility: hidden; box-sizing: border-box; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-variant-emoji: inherit; font-weight: 400; font-stretch: inherit; font-size: medium; line-height: inherit; font-family: Roboto, sans-serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(0, 0, 0); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><\/app-seprate-dashed><\/p>\n<div _ngcontent-serverapp-c75=\"\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-variant-emoji: inherit; font-stretch: inherit; font-size: medium; line-height: inherit; font-family: Roboto, sans-serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(0, 0, 0);\"><app-edition-single-story _ngcontent-serverapp-c75=\"\" _nghost-serverapp-c73=\"\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font: inherit; scroll-behavior: smooth;\"><\/p>\n<div _ngcontent-serverapp-c73=\"\" class=\"story-section-gap\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; display: flex; flex-direction: column; gap: var(--gap-reg);\">\n<div _ngcontent-serverapp-c73=\"\" class=\"story-description\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: var(--lh-reg); font-family: &quot;Noto Serif&quot;, serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(67, 67, 67); display: flex; flex-direction: column; gap: 12px;\">\n<p style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin-right: 0px; margin-left: 0px; padding: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.15; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth;\"><span style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-style: inherit; font-variant-ligatures: common-ligatures; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-variant-emoji: inherit; font-weight: inherit; font-stretch: inherit; font-size: 15px; line-height: inherit; font-family: Slack-Lato, Slack-Fractions, appleLogo, sans-serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(29, 28, 29);\"><span style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font: inherit; scroll-behavior: smooth;\">EDITOR'S NOTE-<\/span>&nbsp;This story was amended on Thursday, 13 February to correct Tabby's valuation to USD 3.3 bn. A previous version of this story incorrectly stated that the company's current valuation is at USD 33 bn.<\/span><\/p>\n<\/div>\n<\/div>\n<p><\/app-edition-single-story><\/div>\n<p style=\"padding: 0px; margin-right: 0px; margin-left: 0px; line-height: 1.15;\"><app-seprate-dashed _ngcontent-serverapp-c75=\"\" _nghost-serverapp-c20=\"\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-variant-emoji: inherit; font-stretch: inherit; font-size: medium; line-height: inherit; font-family: Roboto, sans-serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(0, 0, 0);\"><\/app-seprate-dashed><\/p>\n<div _ngcontent-serverapp-c75=\"\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-variant-emoji: inherit; font-stretch: inherit; font-size: medium; line-height: inherit; font-family: Roboto, sans-serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(0, 0, 0);\"><app-edition-single-story _ngcontent-serverapp-c75=\"\" _nghost-serverapp-c73=\"\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font: inherit; scroll-behavior: smooth;\"><\/p>\n<div _ngcontent-serverapp-c73=\"\" class=\"story-section-gap\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; display: flex; flex-direction: column; gap: var(--gap-reg);\">\n<div _ngcontent-serverapp-c73=\"\" class=\"story-description\" style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: var(--lh-reg); font-family: &quot;Noto Serif&quot;, serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(67, 67, 67); display: flex; flex-direction: column; gap: 12px;\">\n<p style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin-right: 0px; margin-left: 0px; padding: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.15; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth;\"><span style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font-style: inherit; font-variant-ligatures: common-ligatures; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-variant-emoji: inherit; font-weight: inherit; font-stretch: inherit; font-size: 15px; line-height: inherit; font-family: Slack-Lato, Slack-Fractions, appleLogo, sans-serif; font-optical-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; scroll-behavior: smooth; color: rgb(29, 28, 29);\"><span style=\"visibility: hidden; -webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; font: inherit; scroll-behavior: smooth;\">EDITOR'S NOTE-<\/span>&nbsp;This story was amended on Thursday, 13 February to correct Tabby's valuation to USD 3.3 bn. A previous version of this story incorrectly stated that the company's current valuation is at USD 33 bn.<\/span><\/p>\n<\/div>\n<\/div>\n<p><\/app-edition-single-story><\/div>\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\/earnings-watch\/\">EARNINGS WATCH<\/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=\"94384\" 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=\"94384\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/pieship-rasmal-hopea-pay-close-funding-rounds\/\">\r\n                            Pieship, Rasmal, Hopea Pay close funding rounds                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2580.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94385\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/pieship-rasmal-hopea-pay-close-funding-rounds\/2580-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2580.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2580.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2580.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2580.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94384\" class=\"content-area-description single-story post-94384 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-ksa tag-hopea-pay tag-lite tag-pieship tag-startup-watch 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\/2\/.dd8cba98-262a-4d89-a97e-f08e9c068c20.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\">RASMAL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homeg<\/strong><strong>rown eq<\/strong><strong>uity management solutions provider <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.rasmal.io\/\" style=\"\" rel=\"noopener\">Rasmal<\/a><\/strong><strong> secured USD 4.8 mn in a <\/strong><strong>Pre-Series A round led by SHG<\/strong> at Leap 2025 to support the development of new services and tools aimed at streamlining investment processes and equity transfers, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/rasmal_leap-activity-7295340444970844160-EtIW?utm_source=share&utm_medium=member_desktop&rcm=ACoAADcc9s0BqbX_KIfcdiR9Co3ThUUfykvz4-o\" style=\"\" rel=\"noopener\">statement on Linkedin<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Rasmal: <\/strong>Founded in 2019 by Basil Alkuraya (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/basil-al-kuraya-9a250255\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>) and Nasser Al-Tamimi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/nasser-al-tamimi-a22a77122\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>), Rasmal is a fintech specializing in automating cap table management and governance, fundraising and equity transfers, while also advising clients on investment management and investor relations. Rasmal is a member of Misk Foundation\u2019s Saudi Unicorns Program. <\/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\">PIESHIP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegrown <\/strong><strong>last-mile delivery<\/strong><strong> platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.pieship.com\/\" style=\"\" rel=\"noopener\">Pieship<\/a><\/strong><strong> secured SAR 7.9 mn in a seed <\/strong><strong>investment <\/strong><strong>round<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/02\/pieship-raises-2-1-million-seed-led-nama-ventures\" style=\"\" rel=\"noopener\">a statement<\/a>. The round was led by Nama Ventures, with participation from Seedra Ventures funds and unnamed angel investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The funds will be used to support expansion plans into seven major Saudi cities, including Jeddah, Makkah, Madinah, Dammam, Al Khobar, Qassim, and Khamis Mushait, leverage AI to improve fleet management and deliveries, and launch new logistics services. To date, the startup has delivered 600k shipments and onboarded 1.2k captains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Pieship: <\/strong>Founded in late 2023 by Nasser Alharthi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/nasseralharthi\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BY6MOc6D0SNK0cFwrvnM3yA%3D%3D\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Mohamed Mohsen (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohamed-mohsen-63212065\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BY6MOc6D0SNK0cFwrvnM3yA%3D%3D\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), and Mosaad Alharthi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mosaadalharthi\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BY6MOc6D0SNK0cFwrvnM3yA%3D%3D\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Pieship is a Riyadh-based last-mile delivery and supply chain platform that provides real-time tracking, AI-powered route optimization, and a crowdsourced driver network while reducing operational costs for businesses and deliveries.<\/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\">ALSO FROM STARTUP LAND-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Hea<\/strong><strong>lthcare fintech <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/taj-pay\/\" style=\"\" rel=\"noopener\">Hopea Pay<\/a><\/strong><strong> raised SAR 1.5 mn in a pre-seed fundin<\/strong><strong>g round led by <\/strong><strong>Iwan Ventures<\/strong>, with participation from Odba VC and Beetleware, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/iwan-ventures_hopeapay-healthcarefintech-venturebuilding-activity-7295140621634146304-SC_C?utm_source=share&utm_medium=member_desktop&rcm=ACoAAD8II5EBnjT9C2vTwVGKNCUIfH3je67Sz-A\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. \u201cThis funding will enable us to scale our technology and make healthcare financial solutions more accessible and efficient across the region,\u201d Hopea Pay Founder and CEO Lewa Abukhait (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/lewaabukhait?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAAICQ4cBWovUrnkjGVkJzM-k-ysGuuQIsnc&lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_all%3BkXJV3WXYR1ChLjEyIz1anw%3D%3D\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shg.sa\/en\/\" style=\"\" rel=\"noopener\">Syn<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shg.sa\/en\/\" style=\"\" rel=\"noopener\">dica<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shg.sa\/en\/\" style=\"\" rel=\"noopener\">te Holding Group (SHG)<\/a><\/strong><strong> has allocated over USD 50 mn for startup <\/strong><strong>investments at <\/strong><strong>Leap<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/02\/11\/article_2756949.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> quotes CEO Mohammed Al-Qarafi as saying. The group closed seven agreements valued at between USD 2-5 mn across Pre-Seed, Seed, and Series A funding rounds, and looks to close a total of 15 investments financed by a USD 100 mn investment fund.<\/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\/hopea-pay\/\">Hopea Pay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/lite\/\">Lite<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pieship\/\">Pieship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/startup-watch\/\">STARTUP WATCH<\/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=\"94386\" 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=\"94386\">\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\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/state-media-claps-back-at-netenyahu-comments\/\">\r\n                            State media claps back at Netenyahu comments                        <\/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\/02\/13\/state-media-claps-back-at-netenyahu-comments\/\" 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\/02\/13\/state-media-claps-back-at-netenyahu-comments\/')\">\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\/02\/13\/state-media-claps-back-at-netenyahu-comments\/\">\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=State media claps back at Netenyahu comments&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/state-media-claps-back-at-netenyahu-comments\/\">\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\/02\/13\/state-media-claps-back-at-netenyahu-comments\/&title=State media claps back at Netenyahu comments\">\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=State+media+claps+back+at+Netenyahu+comments+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F13%2Fstate-media-claps-back-at-netenyahu-comments%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\/02\/13\/state-media-claps-back-at-netenyahu-comments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1275.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94387\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/13\/state-media-claps-back-at-netenyahu-comments\/1275-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1275.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1275.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1275.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1275.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94386\" class=\"content-area-description single-story post-94386 post type-post status-publish format-standard has-post-thumbnail hentry category-saudi-in-the-news tag-enterpriseam-ksa tag-palestine tag-russia tag-saudi-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.4052db04-65ea-420e-bf14-1a8737b82f18.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fallout continues:<\/strong> Netenyahu\u2019s recent comments on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b54d4a4d-707d-4669-ba26-33d5e51877b8\/this-morning:-hajj-registration-open-for-saudi-citizens,-residents-%2B-al-baik-inches-closer-to-pakistan\" style=\"\" rel=\"noopener\">a Palestinian state on Saudi land<\/a> have angered state media, with the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/be852fec-d1df-4131-9e3f-23b1a0897f5b\" style=\"\" rel=\"noopener\">Financial Times<\/a> highlighting the \u201cunusually hostile barrage\u201d from local news and editorials directed at the Israeli Prime Minister. State-backed media outlets \u2014 including Al Arabiya and Al Ekhbariya \u2014 have piled on the tirades, pointing to increasing frustration among the Saudi leadership with Netanyahu.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Netanyahu hinted in an interview that Saudi could take in displaced Palestinians, adding he \u201cwould not make an agreement that would endanger the State of Israel.\u201d Saudi officials have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cf84288c-927d-4c1e-bf14-566768912af3\/saudi-reiterates-normalization-with-israel-is-conditional-on-a-palestinian-state,-rejects-resettlement-calls\" style=\"\" rel=\"noopener\">consistently maintained<\/a> that normalization with Israel is conditional on a credible pathway towards establishing Palestinian statehood.<\/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\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-in-the-news\/\">SAUDI IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94388\" 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=\"94388\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/02\/13\/saudi-to-get-its-first-locally-constructed-offshore-rig\/\">\r\n                            Saudi to get its first locally-constructed offshore rig                        <\/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\/02\/13\/saudi-to-get-its-first-locally-constructed-offshore-rig\/\" 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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No information on the project\u2019s financial ticket, timeline or location was provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>IMI\u2019s 12 mn sqm shipyard at Ras Al Khair is inching closer towards full-scale operations, giving the company capacity to build six drilling rigs, 25 offshore support vessels, and 18 large commercial ships including bulk carriers and chemical and oil tankers on a yearly basis. The facility will also maintain and repair some 250 ships and 15 marine drilling platforms per 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\">M&A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The P<\/strong><strong>ublic Investment Fund (PIF) nabbed a 30% stake in Riyadh-based building <\/strong><strong>materials <\/strong><strong>supplier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/masdar.co\/\" style=\"\" rel=\"noopener\">Masdar<\/a><\/strong> by subscribing to newly-issued shares via a capital increase, according to a <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/news-and-insights\/press-releases\/2025\/pif-announces-investment-in-masdar-building-materials-company\/?utm_source=x&utm_medium=social&utm_campaign=pressrelease\" style=\"\" rel=\"noopener\">statement<\/a>. Masdar has earmarked the fresh funds to expand its operations, accelerate digitization, establish new partnerships, and increase engagement with local building market suppliers and businesses. No financial ticket was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Local restaurant management and POS solutions provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6272cd5c-a749-493b-8f2c-a93895c04678\/\" style=\"\" rel=\"noopener\">Foodics<\/a><\/strong><strong> fully acquired <\/strong><strong>UK-based online ordering solutions provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.getsolo.io\/\" style=\"\" rel=\"noopener\">Solo<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.getsolo.io\/\" style=\"\" rel=\"noopener\">Venture<\/a><\/strong> <strong> for an undisclosed fee<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.foodics.com\/press\/foodics-acquires-solo-venture-and-leads-investment-rounds-in-3-pioneering-startups-to-drive-next-gen-restaurant-success\/\" style=\"\" rel=\"noopener\">statement<\/a>. The platform will be integrated into the Foodics ecosystem.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foodics also invested undisclosed amounts in three startups,<\/strong> including Greek AI-powered data analytics company <a target=\"_blank\" href=\"https:\/\/www.norma.app\/\" style=\"\" rel=\"noopener\">Norma<\/a>, SME accounting system <a target=\"_blank\" href=\"https:\/\/addaccounting.com\/\" style=\"\" rel=\"noopener\">Add<\/a>, and F&B supply chain platform <a target=\"_blank\" href=\"https:\/\/catalog.arzagplus.com\/?srsltid=AfmBOopAXq3gLvD2Q8ohJmLTovpkvi4-rTKezT-6biMUL6X0TzujNg6a\" style=\"\" rel=\"noopener\">Arzaq Plus<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Gulf Union <\/strong><strong>inches closer to a merger with Gulf General: <\/strong>Gulf Union Al Ahlia Cooperative Ins. (GUAI) lined up approval from the Ins. Authority to move forward with its plans to merge with Gulf General Cooperative Ins (GGI), it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85197&anCat=1&cs=8120&locale=en\" style=\"\" rel=\"noopener\">a filing<\/a> to Tadawul. The pair inked a binding agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/17714326-b859-49c3-bc9e-b45f45b821fe\/modern-mills-to-set-up-sar-150-mn-animal-feed-factory\" style=\"\" rel=\"noopener\">back in December<\/a> that will see GGI transfer all its shares, liabilities, and assets to GUAI; in exchange, GUAI will issue 22.8 mn shares at a nominal value of SAR 10 apiece to GGI\u2019s shareholders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Homegrown digital solutions provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/elm.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Elm Company<\/a><\/strong><strong> signed a term sheet to raise its <\/strong><strong>stake in Smart National Solutions to 40%<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/elm.sa\/en\/media-center\/news\/Pages\/Elm-signs-preliminary-term-sheet-to-increase-ownership-of-Smart-National-Solutions-to-40-percent.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The move will streamline both companies' efforts to integrate their digital solutions.<\/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>PIF-owne<\/strong><strong>d Tasaru Mobility Investments, the National Shipping Company of Saudi <\/strong><strong>Arabia (Bahri), and Germany\u2019s Mosolf Group formed a logistical solutions JV<\/strong> for Saudi Arabia\u2019s automotive and mobility sectors, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/tasaru-bahri-and-mosolf-group-join-forces-to-deliver-comprehensive-automotive-logistics-for-the-kingdom-o5a0ep2y\" style=\"\" rel=\"noopener\">press release<\/a>. Tasaru will provide capital, Bahri will handle maritime shipping, and Mosolf will lend technical knowledge. The statement did not disclose additional information about the JV\u2019s name, financial details, or a timeline for the initiative.<\/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\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A Saudi-Keny<\/strong><strong>an B<\/strong><strong>usiness Council in the works: <\/strong>The Federation of Saudi Chambers (FSC) inked an agreement with the Kenyan National Chamber of Commerce and Industry to establish a Saudi-Kenyan Business Council during a visit to Nairobi, Kenya, <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2259510\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. The move comes in a bid to boost economic cooperation and facilitate trade and investment between both states. The joint council will focus on expanding cooperation, exchanging information, and organizing exhibitions and trade visits. <\/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\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masarat Mo<\/strong><strong>bility Park<\/strong><strong> sets up new automotive hub in KAEC<\/strong>: Masarat Mobility Park \u2014 a <a target=\"_blank\" href=\"https:\/\/www.tasaru.com\/\" style=\"\" rel=\"noopener\">Tasaru Mobility Investments<\/a>, <a target=\"_blank\" href=\"https:\/\/www.zamilrealestate.com\/\" style=\"\" rel=\"noopener\">Zamil Group Real Estate<\/a>, <a target=\"_blank\" href=\"https:\/\/www.aiasons.com\/\" style=\"\" rel=\"noopener\">Abdullah Ibrahim Alkhorayef Sons<\/a>, and Dar Al Himmah Projects JV \u2014 has kicked off the first phase of developments at a 2 mn sqm automotive and mobility hub in King Abdullah Economic City (KAEC), according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/masarat-mobility-park-unveils-premier-automotive-and-mobility-hub-in-kaec-n92c4jnx\" 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>The details: <\/strong>The facility will focus on trading, logistics solutions, and manufacturing, and will feature multimodal connectivity to sea, air, and road transport, as well as a future rail network. The project is expected to create jobs in automotive technology, logistics, and manufacturing. The park has secured \u201cinitial commitments\u201d from unnamed global automotive players looking to move 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\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/sedcocapital.com\/\" style=\"\" rel=\"noopener\">Sedco Capital<\/a><\/strong><strong> REIT Fund signed an MoU to purchase a SAR 750 <\/strong><strong>mn portfolio of <\/strong><strong>diversified assets from an unnamed seller<\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85208&anCat=1&cs=4344&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The assets \u2014 which are fully developed and income-generating \u2014 are spread across Riyadh, Al Khobar, Dammam, Hafar Al Batin, Al Ahsa, and Abha with a total land area of 152.1k sqm. The transaction \u2014 which is pending legal steps and financial due diligence \u2014 will be financed by the fund\u2019s existing cashflows and credit facilities, as well as an in-kind contribution by the seller.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US-based biotech firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.paradromics.com\/\" style=\"\" rel=\"noopener\">Paradromics<\/a><\/strong><strong> is partnering with Neom on brain-computer <\/strong><strong>interface <\/strong><strong>therapies<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-12\/neuralink-rival-partners-with-saudi-arabia-s-neom-on-brain-tech\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The agreement will see a clinical research center set up at Neom, with human trials expected to kick off later this year in the US and possibly in the Kingdom, CEO Matt Angle said.<\/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\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi<\/strong><strong> Ce<\/strong><strong>ntral Bank (Sama) authorized four fintechs to operate under its legislative <\/strong><strong>sandbox<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.sama.gov.sa\/ar-sa\/News\/Pages\/news-1073.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. These include <a target=\"_blank\" href=\"https:\/\/bayain.com\/\" style=\"\" rel=\"noopener\">Bayain Digital IT<\/a> (open banking), Ma\u2019ahar Al Tamkeen (debt crowdfunding), <a target=\"_blank\" href=\"https:\/\/t.co\/7Ikzzo9sH4\" style=\"\" rel=\"noopener\">Sure Pay<\/a> for (peer-to-peer financing), and <a target=\"_blank\" href=\"https:\/\/ldun.com.sa\/\" style=\"\" rel=\"noopener\">Ldun<\/a> (factoring services for SMEs).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/and-technology-commission\/\">and Technology Commission<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco-rowan-offshore-drilling\/\">Aramco Rowan Offshore Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/communications\/\">Communications<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/foodics\/\">Foodics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/international-maritime-industries\/\">International Maritime Industries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/kenya\/\">Kenya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-central-bank-sama\/\">Saudi Central Bank (SAMA)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sedco-capital\/\">Sedco Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/space\/\">space<\/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=\"94390\" 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=\"94390\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/02\/13\/chinese-tech-stocks-log-big-gains-riding-on-deepseeks-historic-debut\/\">\r\n                            Chinese tech stocks log big gains riding on DeepSeek\u2019s historic debut                        <\/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\/02\/13\/chinese-tech-stocks-log-big-gains-riding-on-deepseeks-historic-debut\/\" 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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For many investors, DeepSeek has proved that Chinese tech companies can challenge US\u2019 dominance in the sector, leading to bullish sentiment that has pushed China\u2019s tech-heavy indices on an upward path.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese tech indices have been performing especially well in comparison to their US <\/strong><strong>counterparts:<\/strong> The Hang Seng Tech Index of the 30 largest Hong Kong-listed tech companies \u2014 including many from the mainland \u2014 was up around 25% from its 2025-low on 13 January and performing better than its US peer, the Nasdaq 100, which ticked up 1.9% over February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some Chinese stocks have seen their share price increase nearly 50%: <\/strong>Zooming in, the biggest seven US tech conglomerates inched down 0.5% collectively over the last month, while Chinese tech firms have seen their shares skyrocket following DeepSeek\u2019s dramatic debut. Alibaba made the biggest leap, gaining 49% in value in the past month, bolstered by reports that Apple is considering partnering with the e-commerce giant to roll out AI-powered features for iPhone users in China. Other now global household names saw significant gains, including automaker BYD with a 40% increase over the past month and Xiaomi with a 31% increase in share price.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is all happening as US tariffs on Chinese products come into effect: <\/strong>Many market observers had predicted a rocky period ahead for Chinese stocks with US President Donald Trump\u2019s threats and now imposition of a 10% levy on incoming Chinese goods \u2014 all USD 450 bn of them. However, investor appetite for the country\u2019s tech sector and the expectations of policy support seem to have kept the country\u2019s stock exchanges comfortably in the green, with the mainland\u2019s CSI 300 up over 4%.<\/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 in the green in early trading this morning <\/strong>\u2014 Japan\u2019s Nikkei is up 1.1%, the Shanghai Composite is up 0.1%, and the Kospi is looking at gains of 1%. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,386<\/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: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,540<\/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: +2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NomuC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,304<\/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: -0.6%)<\/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\">29,662<\/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: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,659<\/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: +2.6%)<\/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\">5,304<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +2.8%)<\/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>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\">6,052<\/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: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,807<\/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: +7.8%)<\/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>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\">5,406<\/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: +10.4%)<\/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 74.96<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.7%<\/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>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 3.57<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,929<\/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%<\/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 97,821<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5% (YTD: +4.8%)<\/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>fell 0.3% <strong>yesterday <\/strong>on turnover of SAR 5.6 bn. The index is up 2.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Cenomi Retail (+5.5%), Abo Moati (+3.4%) and GASCO (+3.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>ACIG (-4.2%), Marafiq (-3.7%) and Buruj (-3.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 0.84% <strong>yesterday <\/strong>on turnover of SAR 50.1 mn. The index is down 0.6% 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 (+29.8%), Quara (+11.5%) and Alqemam (+9.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> First Avenue (-6.6%), Molan (-6.6%) and Paper Home (-6.3%).<\/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\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The Saud<\/strong><strong>i Investment Bank (Saib) is distributing a SAR 498.9 mn dividend for 2H <\/strong><strong>2024<\/strong>, at SAR 0.40 per share, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85187&anCat=1&cs=1030&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. Distribution is slated for Tuesday, 4 March 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Alinma Investment Company has changed its name to Alinma Capital<\/strong>, according to a Capital Market Authority <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3736.aspx\" style=\"\" rel=\"noopener\">announcement<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/deepseek\/\">DeepSeek<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94392\" 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\/02\/13\/94392\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94392\" class=\"content-area-description single-story post-94392 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\">EVENTS WITH NO SET DATE<\/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: BinDawood Holding expected to close 100% acquisition 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:700\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-13 February (Monday-Thursday): Leap 2025, the Kingdom\u2019s premier tech investment conference.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-13 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.pif.gov.sa\/en\/events\/psf-2025\/?sc_camp=4FD4FC08460C4E7A81DCCEA3CCCF765B&utm_source=x&utm_medium=social&utm_campaign=event-psf-2025\" style=\"\">PIF Private Sector Forum<\/a><\/span><span style=\"font-weight:400;\">, King Abdul Aziz International Conference Center, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>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\/calendar\/2024-25\/r4-jeddah\" style=\"\">Jeddah E-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>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>18-20 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;\">, KAFD conference centre, and 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>19-21 February (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fii-institute.org\/conference\/fii-priority-miami-2025\/\" style=\"\">FII Priority Miami<\/a><\/span><span style=\"font-weight:400;\">, Miami, USA. <\/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 February (Monday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.psx-forum.com\/\" style=\"\">Public Sector Excellence Forum<\/a><\/span><span style=\"font-weight:400;\">, Movenpick Hotel & Residence Riyadh.<\/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>31 March (Monday): Deadline for applying to the<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rega.gov.sa\/prop-tech\/prop-tech-center\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D8%B8%D9%8A%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9\/\" style=\"\">Real Estate General Authority\u2019s Regulatory Sandbox Program<\/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>31 March (Monday): Deadline for applying to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wipo.int\/web\/awards\/global\/index\" style=\"\">World Intellectual Property Organization (WIPO) Global Awards 2025<\/a><\/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>13-14 April (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/humancapabilityinitiative.org\/en\/\" style=\"\">Human Capability Initiative (HCI) Conference<\/a><\/span><span style=\"font-weight:400;\">, King Abdulaziz International Conference Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-16 April (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/edgex.humancapabilityinitiative.org\/en\" style=\"\">EdgeX HCI<\/a><\/span><span style=\"font-weight:400;\">, The Ritz Carlton, Riyadh.<\/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>23-25 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/N2254996\" style=\"\">Construction and Real Estate Development Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Jazan. <\/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>May: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wipo.int\/web\/awards\/global\/index\" style=\"\">World Intellectual Property Organization (WIPO) Global Awards 2025<\/a><\/span><span style=\"font-weight:400;\"> announces its results.<\/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>19-20 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/toss-summit.com\/\" style=\"\">Tech-ecO-System Summit (ToSS)<\/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;\">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>30 June (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1346.aspx\" style=\"\">Deadline<\/a><\/span><span style=\"font-weight:400;\"> for Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca).<\/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>July: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wipo.int\/web\/awards\/global\/index\" style=\"\">World Intellectual Property Organization (WIPO) Global Awards 2025<\/a><\/span><span style=\"font-weight:400;\"> awards ceremony, Geneva.<\/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>Tabby raises USD 160 mn | PIF\u2019s Private Sector Forum highlights | Americana Restaurants\u2019 2024 earnings<\/p>\n","protected":false},"featured_media":94365,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-94364","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"da910754-ee07-4fa8-ab66-713c542a7f77","teaser":"Tabby raises USD 160 mn | PIF\u2019s Private Sector Forum highlights | Americana Restaurants\u2019 2024 earnings","photo_url":"https:\/\/ent.news\/2024\/12\/1169.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>SEC completes USD 2.8 bn dual-tranche sukuk offering - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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