{"id":94415,"date":"2025-02-16T00:00:00","date_gmt":"2025-02-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=94415"},"modified":"2025-12-14T20:17:39","modified_gmt":"2025-12-14T20:17:39","slug":"saudi-records-sar-57-7-bn-budget-deficit-in-4q-2024-full-year-deficit-at-sar-115-6-bn","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/saudi-records-sar-57-7-bn-budget-deficit-in-4q-2024-full-year-deficit-at-sar-115-6-bn\/","title":{"rendered":"Saudi records SAR 57.7 bn budget deficit in 4Q 2024, full-year deficit at SAR 115.6 bn"},"content":{"rendered":"<section id=\"94417\" 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=\"94417\">\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\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/\">\r\n                            THIS MORNING: A Saudi Champs-\u00c9lys\u00e9es in the works? + US, Russian officials to convene in Saudi next week over Ukraine                        <\/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\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/\" 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\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/')\">\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\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/\">\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=A Saudi Champs-\u00c9lys\u00e9es in the works? + US, Russian officials to convene in Saudi next week over Ukraine&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/\">\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\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/&title=A Saudi Champs-\u00c9lys\u00e9es in the works? + US, Russian officials to convene in Saudi next week over Ukraine\">\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=A+Saudi+Champs-%C3%89lys%C3%A9es+in+the+works%3F+%2B+US%2C+Russian+officials+to+convene+in+Saudi+next+week+over+Ukraine+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F16%2Fa-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine%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\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/774.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94418\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/a-saudi-champs-elysees-in-the-works-us-russian-officials-to-convene-in-saudi-next-week-over-ukraine\/774-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/774.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"774.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/774.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/774.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94417\" class=\"content-area-description single-story post-94417 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-alula tag-diriyah tag-enterpriseam-ksa tag-rawasi-albina-investment tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.b491967f-bb66-47d8-aeea-fe79ed2322d1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful readers<\/strong>. We\u2019re two weeks away from Ramadan, and business activity is ramping as the Kingdom prepares for the holy month.<\/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>FinMin\u2019s out with its budget performance report for 4Q 2024, Derayah Financial prices IPO at the top of the guidance range, and a flurry of agreements from Ceer, Roshn and SADC. Saudi is also making big regional moves, taking the lead on the Arab plan for Gaza\u2019s future.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- It\u2019s a wrap on PIF\u2019s Private Sector Forum<\/strong>, which saw the signing of 140 agreements worth up to SAR 14 bn on Wednesday and Thursday, with participation of over 100 PIF companies, Director of Strategy and Planning for National Development at the PIF Abdullah Alhussaini said in an interview with Al Arabiya (<a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/13\/-pif-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%85%D9%86%D8%AA%D8%AF%D9%89-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-2025-%D8%B4%D9%87%D8%AF-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-140-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%A8%D9%80-14-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%B1%D9%8A%D8%A7%D9%84\" style=\"\" rel=\"noopener\">watch, 1:24<\/a>). Most agreements were between PIF subsidiaries and other private sector firms, but the event also saw signings between private sector firms following \u201cmatchmaking\u201d by the fund.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/rawasi-albina.com\/\" style=\"\" rel=\"noopener\">Rawasi A<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/rawasi-albina.com\/\" style=\"\" rel=\"noopener\">lbina Investment<\/a><\/strong><strong> is launching the public offering of its Series 1 <\/strong><strong>SAR-denominated Sukuk today<\/strong>, which runs until Thursday, 27 February, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85224&anCat=1&cs=9547&locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a>. The initial SAR 50 mn issuance \u2014 the first issuance under its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ca4e2358-1245-434d-b26b-9e29a25ee3b9\/%253cmark%253erawasi-albina%253c%2Fmark%253e-issues-prospectus-for-sar-500-mn-sukuk-program\" style=\"\" rel=\"noopener\">SAR 500 mn sukuk program<\/a> \u2014 has a five-year maturity and a 10.25% annual return paid semi-annually. The Sukuk holds a BBB (Stable) rating, with a minimum subscription of SAR 5k and a maximum of SAR 500k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Al Khair Capital is acting as the sole arranger and financial advisor for the issuance. Receiving agents include SNB Capital, BSF Capital, Alrajhi Capital, Riyad Capital, Albilad Capital, Aljazira Capital, Alistithmar Capital, Derayah Financial, Alinma Investment, ANB Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, and Sukuk Capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Th<\/strong><strong>e tw<\/strong><strong>o-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Seminars\/Conferences\/2025\/02\/16\/alula-conference-emerging-market-economies-2025\" style=\"\" rel=\"noopener\">AlUla Conference for Emerging Market Economies<\/a><\/strong><strong> kicks off today and <\/strong><strong>runs <\/strong><strong>until Monday. <\/strong>The event, organized by the Finance Ministry and the IMF, aims to foster dialogue on economic challenges affecting emerging markets, with a focus on fiscal policy, debt, and AI\u2019s role in economic development. Finance Minister Mohammed Al Jadaan and IMF Managing Director Kristalina Georgieva will give opening and closing remarks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Riyadh is looking at a 23\u00b0C high and a 12\u00b0C low today, with some light showers. Jeddah will see a 29\u00b0C high and 23\u00b0C low. Meanwhile, Makkah will see rainstorms as well as a 30\u00b0C high and 21\u00b0C low.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/connectplus.iaapa.org\/event\/iaapa-middle-east-trade-summit-2025\" style=\"\" rel=\"noopener\">Midd<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/connectplus.iaapa.org\/event\/iaapa-middle-east-trade-summit-2025\" style=\"\" rel=\"noopener\">le East Trade Summit<\/a><\/strong><strong> is coming to Riyadh\u2019s Boulevard City tomorrow<\/strong>, courtesy of the International Association of Amusement Parks and Attractions. The event, which runs through Wednesday, 19 February, brings together industry stakeholders to discuss innovations and trends in the region\u2019s amusement and entertainment sector. Register <a target=\"_blank\" href=\"https:\/\/users.iaapa.org\/iaapa\/s\/community-event?language=en_US&id=a1mRl000002NUM1IAO\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The three-day Capital Markets Forum \u2014 organized by Saudi Tadawul Group \u2014 kicks off <\/strong><strong>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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> #1- <\/strong><strong>A Saudi<\/strong> <strong>Champs-\u00c9lys\u00e9es in the works?<\/strong> A Saudi version of the iconic Parisian Champs-\u00c9lys\u00e9es boulevard is set to be unveiled in Diriyah, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1789973\" style=\"\" rel=\"noopener\">Argaam<\/a> cites Diriyah Company CEO Jerry Inzerillo as saying at the PIF Private Sector Forum. The project\u2019s name \u2014 personally selected by Crown Prince Mohammed bin Salman \u2014 is set to be unveiled later this year at the Future Investment Initiative, Inzerillo said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The 1.9 km boulevard will feature the Saudi Museum of Contemporary Art, an opera house, and the world\u2019s largest Apple Store, among other attractions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> #2- <\/strong><strong>Senior officials from the US and Russia are set to convene in Saudi next week <\/strong><strong>to <\/strong><strong>begin <\/strong><strong>la<\/strong><strong>ying the groundwork for an upcoming Trump-Putin summit<\/strong>, which will see talks aimed at bringing an end to the Ukraine War, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-15\/top-officials-to-meet-next-week-to-prepare-trump-putin-summit\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are in the know. The list of attendees is still in the works, and it is likely to include national security advisers, sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the when and how:<\/strong> Organizers are hoping for a gathering as soon as this month, with hopes that the summit will kick off before the start of Ramadan in March. The Kingdom has reportedly invited representatives from the US, Russia, and Ukraine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reaction from Ukraine:<\/strong> Ukrainian President Volodymyr Zelenskiy said he is yet to receive an invitation, adding that he was not pleased that plans for a summit were being put together without Kyiv\u2019s input.<\/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>Saudi A<\/strong><strong>rabia\u2019s lack of direct air connectivity to global destinations is \u201cHaram, Haram, <\/strong><strong>Haram,\u201d<\/strong> Riyadh Air CEO Tony Douglas was quoted as saying at the PIF Private Sector Forum by <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/649341\/SAUDI-ARABIA\/Haram-Haram-Haram!-mdash-Riyadh-Air-CEO-slams-lack-of-direct-flights-from-Saudi-Arabia-to-major-global-cities\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a>. \u201cWe can\u2019t travel directly from Riyadh to Tokyo, to Shanghai, to Seoul, to Sydney \u2014 the list goes on and on,\u201d Douglas said. The lack of direct connections out of the Kingdom means that Saudi passport holders land among the top premium passengers on airlines such as Qatar Airways and Emirates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Saudi Arabia\u2019s newest carrier pushed back its launch to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed2a4cfa-4217-4098-b20e-00f0d3830526\/manara-minerals-is-mulling-investments-in-zambia-%2B%253cmark%253e-riyadh%253c%2Fmark%253e%253cmark%253e-air%253c%2Fmark%253e-delays-launch-to-3q-2025\" style=\"\" rel=\"noopener\">3Q 2025<\/a> from earlier this year, after facing delays in Boeing aircraft deliveries. The airline expects to receive as many as four Boeing 787 Dreamliners this year \u2014 half of which were originally scheduled.<\/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\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The glob<\/strong><strong>al ESG s<\/strong><strong>ukuk market surpassed USD 50 bn in 2024<\/strong>, with Saudi Arabia, Malaysia, and Indonesia accounting for 67% of the total, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/banking-and-insurance\/esg-sukuk-market-surpasses-50bln-propelled-by-gcc-bank-issuance-tubpb5ah\" style=\"\" rel=\"noopener\">Zawya<\/a> reported, citing data from the London Stock Exchange Group (LSEG). ESG sukuk issuances grew 14.5% y-o-y to USD 15.2 bn last year, accounting for 1.8% of total ESG bonds and 6.2% of total sukuk issuances. Sustainability sukuk nearly doubled during the year, comprising 69% of all ESG sukuk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financial institutions issued 55% of ESG sukuk in 2024, with 93% coming from <\/strong><strong>GCC-based banks.<\/strong> Saudi banks snapped four places among the top 10 issuers of ESG Sukuk in 2024, including Rajhi Bank (USD 2.26 bn), Saudi National Bank (USD 850 mn), Saudi Investment Bank (USD 750 mn), and Riyadh Bank (USD 750 mn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Riyad<\/strong><strong>h\u2019s metro served a total of 18 mn passengers <\/strong><strong>up until the end of last week<\/strong>, with the Blue Line being the busiest route at 10 mn passengers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/042112b3-ae1d-4e47-8557-dbfeb41ce664\/riyadh%253cmark%253e-metro%253c%2Fmark%253e%25e2%2580%2599s-blue-line-begins-operations-today\" style=\"\" rel=\"noopener\">since its launch in December<\/a>, the Royal Commission for Riyadh City <a target=\"_blank\" href=\"https:\/\/x.com\/RCRCSA\/status\/1890357681262624960\" style=\"\" rel=\"noopener\">posted on X<\/a>. Meanwhile, the Financial Center Station saw the highest footfall at upwards of 3 mn passengers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>The Sau<\/strong><strong>di cybersecurity market is valued at around SAR 13-14 bn<\/strong>, and is expected to grow at a compound annual growth rate (CAGR) of 11-13% over the next 5 years, PwC Middle East Cybersecurity & Digital Trust Leader Samer Omar told <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1790311\" style=\"\" rel=\"noopener\">Argaam<\/a>. Some 31% of the market is controlled by the government and public sectors, while the remaining 69% is controlled by the private sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #1- <\/strong><strong>PGA Tour and PIF-backed LIV Golf are closer to striking an agreement<\/strong>, with last week\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3eb50d27-7a60-4eff-8054-7dd7fb88f068\/pif-and-partners-to-launch-a-usd-5-bn-basketball-tournament#:~:text=PGA%20Tour%20Commissioner%20Jay%20Monahan%20and%20player%20Adam%20Scott%20asked%20Trump%20to%20mediate\" style=\"\" rel=\"noopener\">meeting<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3eb50d27-7a60-4eff-8054-7dd7fb88f068\/pif-and-partners-to-launch-a-usd-5-bn-basketball-tournament#:~:text=PGA%20Tour%20Commissioner%20Jay%20Monahan%20and%20player%20Adam%20Scott%20asked%20Trump%20to%20mediate\" style=\"\" rel=\"noopener\">with<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3eb50d27-7a60-4eff-8054-7dd7fb88f068\/pif-and-partners-to-launch-a-usd-5-bn-basketball-tournament#:~:text=PGA%20Tour%20Commissioner%20Jay%20Monahan%20and%20player%20Adam%20Scott%20asked%20Trump%20to%20mediate\" style=\"\" rel=\"noopener\">Trump at the Oval<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3eb50d27-7a60-4eff-8054-7dd7fb88f068\/pif-and-partners-to-launch-a-usd-5-bn-basketball-tournament#:~:text=PGA%20Tour%20Commissioner%20Jay%20Monahan%20and%20player%20Adam%20Scott%20asked%20Trump%20to%20mediate\" style=\"\" rel=\"noopener\">Office<\/a> bringing the golfing schism \u201cone step closer\u201d to a conclusion, the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-monahan-liv-golf-mcrilroy-pga-tour-saudis-da50f40b120057f16ab481f8dcfe5054\" style=\"\" rel=\"noopener\">Associated Press reports<\/a>, citing PGA Tour Commissioner Jay Monahan. Meanwhile, LIV critic Rory McIlroy has said that he is pro-unification, adding that players who are upset at peers who chose to join LIV in exchange for massive outlays should \u201cmove forward.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A good timing for an agreement?<\/strong> The PIF is nearing the USD 5 bn mark in total investments in LIV Golf, as losses mount and funds are set aside to renew big-ticket signings, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/tennis\/report-pifs-liv-golf-investment-nearing-5b-losses-mount-2025-02-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing financial documents reviewed by Money in Sport newsletter. Operating losses at LIV Golf UK reportedly hit USD 394 mn in 2023, up USD 150 mn y-o-y, despite an uptick in revenues. Meanwhile, LIV\u2019s US losses are expected to \u201cbe considerably worse than the rest of the world performance reported by LIV Golf in UK,\u201d Money in Sport wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Real M<\/strong><strong>adrid are close to agreeing on a contract extension with Vinicius Jr<\/strong>, with the team connecting with the player\u2019s agents last month to renegotiate his contract and put to rest Saudi hopes of signing the player, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/soccer\/real-madrid-close-vinicius-contract-extension-amid-saudi-interest-2025-02-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing multiple unnamed sources. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What gives?<\/strong> Despite the Kingdom showing interest in bringing the Brazilian 2024 Ballon d'Or runner-up to Al Ahli, no formal offer was made, with the move losing momentum over the past few months, the newswire cites a source close to Vinicius Jr as saying. Meanwhile, Real Madrid was reportedly approached by PIF in January regarding a possible transfer, but the club showed no interest, citing the player\u2019s EUR 1.04 bn buy-out clause as the only situation in which they would consider a handover, a source close to the Spanish club said. <\/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- Our World Cup will be dry and sober<\/strong><strong>:<\/strong> There will be \u201cno alcohol at all\u201d at the World Cup hosted in the Kingdom in 2034, Saudi Arabia\u2019s Ambassador to the UK Khalid bin Bandar Al Saud told UK radio station <a target=\"_blank\" href=\"https:\/\/www.lbc.co.uk\/news\/sport\/no-alcohol-at-all-allowed-2034-world-cup-saudi-ambassador-to-uk\/\" style=\"\" rel=\"noopener\">LBC<\/a>. \u201cRather like our weather, it's a dry country,\u201d Al Saud added.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all about geopolitics in the foreign press this morning<\/strong>, with the Gaza ceasefire agreement seemingly back on track, Ukraine negotiating US trade demands, and Trump unveiling plans for reciprocal tariffs in his latest tariff salvo in the brewing trade war. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ukraine turns down a bold offer: <\/strong>Ukrainian President Volodymyr Zelensky reportedly rejected a request by the US to get more than half of the country\u2019s mineral resources, with Ukraine working on a counterproposal. Negotiations over security guarantees for Kyiv come as US President Donald Trump\u2019s Ukraine envoy Keith Kellogg confirmed the EU will not be part of anticipated peace talks with Russia. (<a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/02\/15\/ukraine-rejects-trump-administration-request-half-its-mineral-wealth\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b08b7258-7ae0-4bae-9499-e6d3183d5894\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/zelenskiy-calls-european-army-deter-russia-earn-us-respect-2025-02-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Again with the tariffs:<\/strong> Trump also unveiled on Thursday plans to customize import tariffs according to a host of factors, including its trading partners\u2019 subsidies, exchange rates, and taxes. This is in addition to new charges on cars, semiconductors, and pharma \u2014 with more details set to be announced after 1 April. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-02-13\/trump-widens-trade-war-with-biggest-tariff-salvo-so-far\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-reciprocal-tariffs-coming-thursday-2025-02-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/bcc61d3b-bdc6-4f19-be1b-944e0be213c1\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/13\/trump-reciprocal-tariffs-news-conference.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>CLOSER TO HOME- Hamas and Israel moved forward with the planned prisoner exchange <\/strong><strong>yesterday<\/strong>, which saw the release of three Israelis in return for 369 Palestinians. The Palestinian group re-committed to the exchange after talks with mediators in Qatar and Egypt, following <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82201429-ff77-474e-b020-2a22bb868688\/this-morning:-purehealth-scraps-nmc-healthcare-acquisition%3F-%2B-eshraq-to-invest-in-shuaa%25e2%2580%2599s-bond-offering\" style=\"\" rel=\"noopener\">earlier disagreements<\/a> that threatened to put the ceasefire in jeopardy. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c4g7n3l98z6o\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-13\/israeli-minister-expects-hamas-to-honor-hostage-release-deal?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-war-news-02-13-2025-ceasefire-hostages-34526505868eb797266a0aa17f4208e7\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/feb\/13\/israel-stick-to-hostage-release-plan-if-hamas-honours-schedule-gaza\" style=\"\" rel=\"noopener\">The Guardian<\/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\" 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   \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/saudi-records-sar-57-7-bn-budget-deficit-in-4q-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/355.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94421\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/saudi-records-sar-57-7-bn-budget-deficit-in-4q-2024\/355-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/355.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"355.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/355.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/355.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94420\" class=\"content-area-description single-story post-94420 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-finance-ministry 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\/.0db7fa86-58f8-4f75-9f07-7e0d1657f309.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>The state b<\/strong><strong>udget c<\/strong><strong>losed with a <\/strong><strong>SAR 57.7 b<\/strong><strong>n deficit in 4Q 2024<\/strong>, widening from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6d430a9d-262b-4071-b5df-53e4a501bc17\/saudi-arabia-records%253cmark%253e-budget%253c%2Fmark%253e-deficit-in-3q-2024\" style=\"\" rel=\"noopener\">SAR 30.2 bn<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6d430a9d-262b-4071-b5df-53e4a501bc17\/saudi-arabia-records%253cmark%253e-budget%253c%2Fmark%253e-deficit-in-3q-2024\" style=\"\" rel=\"noopener\">in 3Q<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6d430a9d-262b-4071-b5df-53e4a501bc17\/saudi-arabia-records%253cmark%253e-budget%253c%2Fmark%253e-deficit-in-3q-2024\" style=\"\" rel=\"noopener\"><\/a>, according to the Finance Ministry\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1450.pdf\" style=\"\" rel=\"noopener\">quarterly budget performance report (pdf)<\/a>. Total government revenues shrunk 15% y-o-y to SAR 302.9 bn during the quarter, while expenditure fell 9% to SAR 360.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On an annual basis:<\/strong> The Kingdom recorded a budget deficit of SAR 115.6 bn during 2024, compared to SAR 81 bn in 2023, far exceeding the government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/730d70af-1544-402a-a451-1b7b212ad097\/state-budget-closes-fy-2023-in-deficit\" style=\"\" rel=\"noopener\">earlier forecasts in June 2024<\/a> at SAR 79 bn. Government expenditures came in at SAR 1.37 tn, with revenues clocking in at SAR 1.26 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The Kingdom is willing to accept <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/730d70af-1544-402a-a451-1b7b212ad097\" style=\"\" rel=\"noopener\">modest fiscal deficits<\/a> as the price of pursuing long-term diversification goals. The budget deficit is expected to come in at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/72e76ea0-cfe5-4328-95c3-cf39eefa9004\/finmin-outlines-budget-for-fy-2025,-expecting-sar-101-bn-deficit\" style=\"\" rel=\"noopener\">2.3% of GDP (SAR 101 bn) in 2025<\/a> and to \u201ccontinue at similar levels over the medium term\u201d as the Saudi state continues to invest heavily in the diversification agenda. The government is also mindful of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ec1a5a17-e4c2-4d18-bcd5-0c94dffd7445\" style=\"\" rel=\"noopener\">staying clear of \u201coverheating\u201d<\/a> the national economy, despite the ramp-up in public spending.<\/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 BREAKDOWN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil revenues accounted for some 56% of total government income in 4Q 2024<\/strong>, at a total of SAR 170.85 bn \u2014 declining 31% y-o-y. Meanwhile, non-oil revenues made up the remaining 44%, coming in at a combined SAR 132 bn, up 21% compared to the same period last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>otal expenditures for 4Q 2024 fell 9% y-o-y to SAR 360.5 bn<\/strong>, with most sectors seeing declines in public spending, except for subsidies (up 55% y-o-y), financing expenses (up 23%), and employee compensation (up 4%). Non-financial assets saw the largest y-o-y decline in government spending (down 43%), followed by grants (down 35%). Meanwhile, employee compensation comprised the lion\u2019s share of public spending at SAR 146.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he Kingdom\u2019s biggest expenses and moneymakers i<\/strong><strong>n 2024:<\/strong> Oil revenues marginally increased to SAR 756.6 bn in 2024, accounting for 61% of total government income. Non-oil revenues made up the remainder, increasing 10% y-o-y to a combined SAR 502.47 bn. Meanwhile, total expenditure rose 6% y-o-y to SAR 1.37 tn in 2024. Employee compensation clocked in at SAR 562.3 bn \u2014 the largest line item during the period \u2014 followed by goods and services usage at SAR 313 bn, and non-financial assets at SAR 190.7 bn.<\/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\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/finance-ministry\/\">Finance Ministry<\/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=\"94422\" 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=\"94422\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/derayah-financial-prices-tadawul-ipo-at-the-top-of-the-guidance-range-at-sar-30-per-share\/\">\r\n                            Derayah Financial prices Tadawul IPO at the top of the guidance range at SAR 30 per share                        <\/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\/16\/derayah-financial-prices-tadawul-ipo-at-the-top-of-the-guidance-range-at-sar-30-per-share\/\" 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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Strong demand from institutional investors saw the offering close 162x oversubscribed, with total orders hitting SAR 243 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The first brokerage firm to hit the market is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/efec9da1-d709-49f5-9028-2049b34876d7\/%253cmark%253ederayah%253c%2Fmark%253e-financial-is-set-to-become-the-first-brokerage-to-go-public-on-tadawul\" style=\"\" rel=\"noopener\">taking a 20% stake<\/a> to Tadawul in a Regulation S-compliant IPO open to both local and foreign institutional investors, with a 10% clawback for retail investors. Some 49.95 mn company shares will be up for grabs in the share sale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proceeds + market cap:<\/strong> The pricing sees the offering raising some SAR 1.5 bn (USD 400 mn) in proceeds, while placing the company\u2019s market cap at SAR 7.49 bn (USD 2 bn) upon listing, according to EnterpriseAM calculations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership + lock-up period:<\/strong> All proceeds in Derayah\u2019s secondary offering will go to selling shareholders after setting aside SAR 51 mn for IPO-related expenses. Selling shareholders will see their combined ownership stand at 80% following the completion of the offering, according to the press release. At least 60% of the company shares are subject to a 24-month lock-up period beginning at the first day of trading \u2014 including shareholders with at least a 3% stake, along with directors and senior executives. New shareholders will not be subject to the lock-up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> A three-day retail subscription period is due to kick off on Thursday, 20 February, where retail investors will be allowed to subscribe to up to 10% of the offering at a maximum of 250k shares and a minimum of 10 each. The final allocation is slated for Thursday, 27 February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Our friends at HSBC Saudi Arabia are quarterbacking the transaction as the sole lead financial advisor, bookrunner, global coordinator, and lead manager, with Baker McKenzie acting for HSBC as the sole underwriter. Receiving agents include Derayah Financial Company, Alinma Investment, Al-Istithmar Capital, Aljazira Capital, Alkhabeer Capital, Al Rajhi Capital, ANB Capital, BSF Capital, GIB Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/derayah-financial\/\">Derayah Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94424 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"94424\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/94424\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94424\" class=\"content-area-description single-story post-94424 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94425\" 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=\"94425\">\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\">AUTOMOTIVE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/ceer-signs-sar-5-5-bn-agreements-to-localize-ev-components\/\">\r\n                            Ceer signs SAR 5.5 bn agreements to localize EV components                        <\/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\/16\/ceer-signs-sar-5-5-bn-agreements-to-localize-ev-components\/\" 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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Details of each agreement, including value and timeline, were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Ceer will source heating, ventilation and air conditioning systems from Zamil Central Air Conditioners, plastic injected parts from Zamil Plastic Industrial Company, and alloy wheels from Obeikan Glass Company and Abdul Latif Jameel Enterprises under the agreements. Other supply agreements include portable EV chargers from Saudi Company for Controls and Maintenance, blow parts from Arabian Plastic Industrial, small stampings from First Telecom Industries, and aluminum casting from Saudi Aluminum Casting Company. Ceer will also work on localizing the manufacturing of aluminum-forged parts in the Kingdom with global supplier CTR. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cBy working with local suppliers, we ensure access to high-quality components for Ceer vehicles while simultaneously fostering a sustainable automotive sector in Saudi Arabia,\u201d Ceer\u2019s CEO Jim DeLuca said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Ceer is set to roll out its EVs in the Kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf85c875-6540-4e80-b33d-b60825276545\/%253cmark%253eceer%253c%2Fmark%253e-awards-construction-contract-for-ev-complex-%2B-establishes-a-timeline-to-launch\" style=\"\" rel=\"noopener\">this<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf85c875-6540-4e80-b33d-b60825276545\/%253cmark%253eceer%253c%2Fmark%253e-awards-construction-contract-for-ev-complex-%2B-establishes-a-timeline-to-launch\" style=\"\" rel=\"noopener\">year<\/a>. The company awarded a SAR 5 bn construction contract for its plant to local contractor Modern Building Leaders in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/366185a1-c8a6-4015-84d4-78d3bc757b7c\" style=\"\" rel=\"noopener\">March 2024<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/efb20599-9008-41b6-a02c-3fe64b9f2157\" style=\"\" rel=\"noopener\">partnered<\/a> with local EV infrastructure firm EVIQ in October to install and expand the country\u2019s EV charging infrastructure. Ceer is looking to source over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6bebcb5f-505a-4724-afaf-e755b8b1b595\/spain%25e2%2580%2599s-pvh-launches-new-solar-tracking-system\" style=\"\" rel=\"noopener\">40% of its raw materials locally<\/a> during its initial stage of operations.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ceer\/\">Ceer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infinity\/\">Infinity<\/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=\"94427\" 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=\"94427\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/roshn-group-signs-sar-1-5-bn-agreements-for-sedra-development\/\">\r\n                            Roshn Group signs SAR 1.5 bn agreements for Sedra development                        <\/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\/16\/roshn-group-signs-sar-1-5-bn-agreements-for-sedra-development\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n        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alt=\"\" data-attachment-id=\"94428\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/roshn-group-signs-sar-1-5-bn-agreements-for-sedra-development\/1476-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1476.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1476.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1476.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1476.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94427\" class=\"content-area-description single-story post-94427 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-enterpriseam-ksa tag-real-estate tag-roshn-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\/.d32a1c0c-8af3-4469-b20c-84dcbef63e8e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>PIF-backed Roshn Group signed new agreements worth SAR 1.5 bn<\/strong> for the development of its Sedra neighbourhood, Executive General Manager of Procurement Ian McBride told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/12\/-%D8%B1%D9%88%D8%B4%D9%86-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%88%D9%82%D8%B9%D9%86%D8%A7-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-1-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%B1%D9%8A%D8%A7%D9%84-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%B3%D8%AF%D8%B1%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> on the sidelines of the PIF Private Sector Forum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Roshn signed a SAR 700 mn agreement with <a target=\"_blank\" href=\"https:\/\/www.chec.bj.cn\/\" style=\"\" rel=\"noopener\">China Harbour<\/a> which will build upon the recent opening of an integrated pre-cast factory to offer more high-end products. Another SAR 650 mn agreement with Saudi-based <a target=\"_blank\" href=\"https:\/\/www.saccompany.com.sa\/\" style=\"\" rel=\"noopener\">Sarh Attaqnia Company<\/a> will see the roll-out of 900 multi-family units in Sedra. Roshn also entered into a SAR 130 mn agreement with Riyadh-based <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/development-works-company\/\" style=\"\" rel=\"noopener\">Development Works<\/a> for Sedra\u2019s first commercial mall, which will include retail stores, restaurants, caf\u00e9s, and office spaces.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Sedra: <\/strong>The flagship development, which is located in Northern Riyadh within close proximity of King Khalid International Airport, is set to add more than 30k residential units and 400 amenities over a 20 mn sqm area, according to its <a target=\"_blank\" href=\"https:\/\/home.roshn.sa\/en\/sedra\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Roshn also signed a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/x.com\/Roshnksa\/status\/1890142894746661167\" style=\"\" rel=\"noopener\">number of agreements<\/a><\/strong><strong> for the <\/strong><strong>development of infrastructure at the developer\u2019s projects across the Kingdom<\/strong>, including:<\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/x.com\/Roshnksa\/status\/1890138576186159390\" style=\"\" rel=\"noopener\">An agreement<\/a><\/strong><strong> with the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alupco.com\/about\/\" style=\"\" rel=\"noopener\">Aluminum Products Company (Alupco)<\/a><\/strong> to set up a manufacturing facility for aluminum windows and doors in Riyadh;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/x.com\/Roshnksa\/status\/1890100804524339384\" style=\"\" rel=\"noopener\">An MoU<\/a><\/strong><strong> with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.daikin-ksa.com\/en_us\/customers.html\" style=\"\" rel=\"noopener\">Daikin Saudi<\/a><\/strong> to cooperate on setting up a production facility in the Kingdom for heating, ventilation and air conditioning (HVAC) systems;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/x.com\/Roshnksa\/status\/1890125221723574727\" style=\"\" rel=\"noopener\">An agreement<\/a><\/strong><strong> with Johnson Controls Arabia<\/strong> for energy-efficient HVAC solutions at Roshn projects; <\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/x.com\/Roshnksa\/status\/1890121469922836819\" style=\"\" rel=\"noopener\">A MoU<\/a><\/strong><strong> with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.solutionsvalley.com\/\" style=\"\" rel=\"noopener\">Solutions Valley<\/a><\/strong><strong>,<\/strong> which will see it offer consultations for evaluating and designing energy-efficient electrical infrastructure;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/x.com\/Roshnksa\/status\/1890118258919109067\" style=\"\" rel=\"noopener\">An agreement<\/a><\/strong><strong> with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shakergroup.com\/\" style=\"\" rel=\"noopener\">Shaker Group<\/a><\/strong> to prioritize allocating products to Roshn with preferential pricing.<\/li>\n<\/ul>\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\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/roshn-group\/\">Roshn 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=\"94429\" 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=\"94429\">\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\">LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/sadc-acquires-tanzanias-bagamoyo-port-as-part-of-east-gateway-project\/\">\r\n                            SADC acquires Tanzania\u2019s Bagamoyo Port as part of East Gateway project                        <\/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\/16\/sadc-acquires-tanzanias-bagamoyo-port-as-part-of-east-gateway-project\/\" 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 port is targeted to be operational in the next three to five years, Chairman Mohammed Al Dulaim told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/13\/-sadc-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%A8%D8%A7%D8%AC%D8%A7%D9%85%D9%88%D9%8A%D9%88-%D9%81%D9%8A-%D8%AA%D9%86%D8%B2%D8%A7%D9%86%D9%8A%D8%A7-%D8%AE%D9%84%D8%A7%D9%84-3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. No investment ticket was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The Bagamoyo Port will serve as the main port to export African raw materials and import goods into Africa, helping to ease congestion in Tanzania\u2019s main port at Dar es Salaam and position Bagamoyo as a trade hub. The move is also in line with the Kingdom\u2019s East Gateway project, which aims to help diversify our foreign investments and projects across East Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outmatching China: <\/strong>Tanzania was originally planning a USD 11 bn project in 2015 with China Merchant Holding International to make Bagamoyo the country\u2019s biggest port, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/tanzania-ports-bagamoyo\/rpt-tanzania-dreams-big-with-port-project-at-former-slave-harbour-idINL5N0WF33D20150316\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported at the time. Negotiations fell through, however, over disagreements on the concession rights tenure, Al Dulaim told Al Arabiya.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More than just port development: <\/strong>The Saudi Chambers of Commerce also inked an agreement with the Tanzania Chamber of Commerce, Industry, and Agriculture to set up a Saudi-Tanzanian Business Council to enhance cross-border cooperation and facilitate investments for Saudi and Tanzanian businesses, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2261130\" style=\"\" rel=\"noopener\">SPA<\/a> reported on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade in numbers: <\/strong>The Kingdom\u2019s exports to Tanzania reached USD 1.44 bn in 2023, while its imports reached USD 31.4 mn, according to Trading Economics <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/saudi-arabia\/imports\/tanzania\" style=\"\" rel=\"noopener\">data<\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tanzania\/\">Tanzania<\/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=\"94431\" 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=\"94431\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/extras-net-income-increases-37-y-o-y-in-2024\/\">\r\n                            eXtra\u2019s net income increases 37% 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\/16\/extras-net-income-increases-37-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/extras-net-income-increases-37-y-o-y-in-2024\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/extras-net-income-increases-37-y-o-y-in-2024\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=eXtra\u2019s net income increases 37% y-o-y in 2024&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/extras-net-income-increases-37-y-o-y-in-2024\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/extras-net-income-increases-37-y-o-y-in-2024\/&title=eXtra\u2019s net income increases 37% y-o-y in 2024\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=eXtra%E2%80%99s+net+income+increases+37%25+y-o-y+in+2024+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F16%2Fextras-net-income-increases-37-y-o-y-in-2024%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/extras-net-income-increases-37-y-o-y-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/139.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94432\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/extras-net-income-increases-37-y-o-y-in-2024\/139-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/139.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"139.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/139.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/139.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94431\" class=\"content-area-description single-story post-94431 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-ksa tag-tasheel-finance-united-international-holding tag-united-electronics-company-extra 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\/.3c1c64d3-9419-4453-84ce-f9ccff0d6fc6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Ele<\/strong><strong>ctronics Company (eXtra)\u2019s actual net income was up 36.9% y-o-y at SAR <\/strong><strong>534.4 mn in <\/strong><strong>2024<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85215&anCat=1&cs=4003&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The growth was driven by higher revenues on the back of a better sales mix and expansion in the consumer finance portfolio. Excluding non-recurring events \u2014 such as the discontinuation of expansion in Egypt, a SAR 16.3 mn provisions reversal, and debt recovery \u2014 adjusted net income growth stood at 18.5% y-o-y. Revenues were up 9.4% during the same period at SAR 6.8 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE<\/strong>- eXtra subsidiary United International Holding (UIHC) \u2014 which owns and operates Tas\u2019heel Finance \u2014 saw a 4.8% y-o-y increase in net income at SAR 222.4 mn in 2024, according to a separate <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85216&anCat=1&cs=4083&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The uptick is attributed to a 28.4% y-o-y expansion in the firm\u2019s consumer finance portfolio, supported by Sharia-compliant financing solutions. Meanwhile, an increase in expected credit loss provisions and higher expenses offset some of the gains. UIHC\u2019s revenues grew 19.1% to SAR 623.7 mn over the same period.<\/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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tasheel-finance-united-international-holding\/\">Tasheel Finance (United International Holding)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/united-electronics-company-extra\/\">United Electronics Company (Extra)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94433\" 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=\"94433\">\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\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/trump-putin-summit-in-riyadh-cements-saudi-arabias-role-as-a-global-powerbroker\/\">\r\n                            Trump-Putin summit in Riyadh cements Saudi Arabia\u2019s role as a global powerbroker                        <\/a>\r\n                    <\/h3>\r\n\r\n   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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94434\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/trump-putin-summit-in-riyadh-cements-saudi-arabias-role-as-a-global-powerbroker\/1483-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1483.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1483.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1483.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1483.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94433\" class=\"content-area-description single-story post-94433 post type-post status-publish format-standard has-post-thumbnail hentry category-saudi-in-the-news tag-donald-trump tag-enterpriseam-ksa tag-israel tag-mohammed-bin-salman tag-palestine tag-russia tag-saudi-in-the-news tag-ukraine tag-usa tag-vladimir-putin 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\/.417aac72-b8a0-4d4b-bf60-5a770c7024bd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Picking Saudi Arabia<\/strong><strong> as the \u201cmost likely venue\u201d for a <\/strong><strong>potential <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2ff5cc31-9ec9-420f-a771-359aa536efdb\/trump,-putin-to-meet-in-riyadh-%2B-world-bank-sees-gcc-economies-growing-by-3.4%2525-in-2025\" style=\"\" rel=\"noopener\">Trump-Putin summit<\/a><\/strong><strong> on <\/strong><strong>ending the war in Ukraine earned a spotlight from<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-14\/saudi-prince-mbs-steps-in-as-power-broker-in-trump-s-new-world-order\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>, <\/strong>arguing it reinforces the Kingdom\u2019s role as an international power broker. Riyadh\u2019s choice as a middle ground highlights the Saudi leadership\u2019s close relations with both world leaders, and plays into the Kingdom\u2019s plans of securing peace as a means to unlock FDI to push the diversification agenda, the outlet explains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What the pundits said:<\/strong> US President Trump\u2019s decision to host talks in Saudi Arabia \u201cintends to bolster the kingdom\u2019s role on the world stage,\u201d Associate Fellow at Chatham House\u2019s Middle East and North Africa program Lina Khatib said, adding it also \u201cvalidates Riyadh\u2019s approach to foreign affairs, which is based on diversification of the kingdom\u2019s diplomatic relations.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mediating Ukraine negotiations might help:<\/strong> The Kingdom is hopeful that it can leverage its relationship with Trump to reach an acceptable compromise regarding his plans for 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 Gaza<\/a>. Hosting Ukraine talks may \u201cgrease the wheels for its preferences and goals related to Gaza,\u201d Director of the Atlantic Council\u2019s Scowcroft Middle East Security Initiative Jonathan Panikoff said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- Navigating Gaza\u2019s crisis might prove complicated<\/strong>: Saudi\u2019s strict public stance against displacing Gazans may still cause complications in US-Saudi relations. Saudi Arabia and other officials from the region have expressed a readiness to extend assistance to Egypt and Jordan if Trump withholds aid, the business news information service said citing an unnamed source.<\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mohammed-bin-salman\/\">Mohammed bin Salman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ukraine\/\">Ukraine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/usa\/\">USA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/vladimir-putin\/\">Vladimir Putin<\/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=\"94435\" 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=\"94435\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/bawan-completes-acquisition-of-petronash-holding\/\">\r\n                            Bawan completes acquisition of Petronash Holding                        <\/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\/16\/bawan-completes-acquisition-of-petronash-holding\/\" 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 step comes following October\u2019s conclusion of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ab99b201-105b-4f2e-96f6-a375ebca4965\/%253cmark%253ebawan%253c%2Fmark%253e-inks-spa-to-fully-acquire-petronash-global\" style=\"\" rel=\"noopener\">a sale and purchase agreement<\/a> with Petronash Global to acquire its full stake in Petronash Holding for USD 175 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The terms of the sale see Bawan paying USD 80 mn upfront for the 80% stake, with an additional USD 60 mn follow-on payment if Petronash meets three-year financial targets. The remaining 20% stake will be purchased after the company publishes its 2027 and 2028 financials for an amount that will be determined through an agreed valuation method.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Bawan tapped PwC as its financial advisor for the transaction, with Khoshaim and Associates providing counsel and Rystad Energy acting as commercial advisor. Meanwhile, Freshfields Bruckhaus Deringer and Piper Sandler are advising Petronash on the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.sa.zain.com\/ar\" style=\"\" rel=\"noopener\">Zain<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sa.zain.com\/ar\" style=\"\" rel=\"noopener\">KS<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sa.zain.com\/ar\" style=\"\" rel=\"noopener\">A<\/a><\/strong><strong> lined up a SAR 1.93 bn shariah-compliant loan with AlRajhi Bank<\/strong> to refinance its outstanding murabaha facility with the Finance Ministry, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85221&anCat=1&cs=7030&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The new five-year facility, set to mature in February 2030, is backed by a promissory note and will be repaid in a single payment upon maturity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Four manufacturing projects with a total investment of SAR 2.1 bn were inaugurated in <\/strong><strong>Sudair <\/strong><strong>Industrial City<\/strong>, <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/N2261463\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. The projects include <a target=\"_blank\" href=\"https:\/\/sudairpharma.com\/\" style=\"\" rel=\"noopener\">Sudair Pharma<\/a> 's insulin plant, a factory for <a target=\"_blank\" href=\"https:\/\/marami.com.sa\/\" style=\"\" rel=\"noopener\">Marami Food Industries<\/a>, a factory for <a target=\"_blank\" href=\"https:\/\/www.shawarmahouse.com.sa\/\" style=\"\" rel=\"noopener\">Shawarma House<\/a>, and Kirby Contracting's metal structures plant. Over SAR 1 bn will be financed from the Industrial Development Fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The Kuwaiti Danish Dairy Company (KDD) signed a contract with the Saudi Authority for Industrial Cities and Technology Zones (Modon) to establish a factory in Sudair Industrial City, SPA said. No further details were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Hyper<\/strong><strong>vi<\/strong><strong>ew Mobility will establish the Kingdom\u2019s first hydrogen-powered truck factory <\/strong><strong>and the Middle East\u2019s first autonomous driving hardware factory <\/strong>under an MoU it signed with the Public Investment Fund, Hyperview Mobility\u2019s Managing Partner Ali Al Sailik told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/13\/-%D9%87%D8%A7%D9%8A%D8%A8%D8%B1%D9%81%D9%8A%D9%88-%D9%85%D9%88%D8%A8%D9%8A%D9%84%D9%8A%D8%AA%D9%8A-%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D9%85%D8%B9-pif-%D9%84%D8%A7%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%B5%D9%86%D8%B9-%D8%B4%D8%A7%D8%AD%D9%86%D8%A7%D8%AA-%D8%AA%D8%B9%D9%85%D9%84-%D8%A8%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-%D8%A8%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Al Arabiya<\/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 Jeddah-based project will kick off with a USD 50 mn investment for its initial phase and looks to produce 1k hydrogen trucks and 300k self-driving hardware units annually, with 60% of truck output earmarked for export. Key investors in the project include Saudi Aramco and Hyundai\u2019s investment fund, with discussions with other financing sources underway. Meanwhile, purchase agreements are already in place with Switzerland and Germany with ready demand for the factory\u2019s output, Al Sailik added.<\/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\/alrajhi-bank\/\">AlRajhi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bawan\/\">Bawan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hyperview-mobility\/\">Hyperview Mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/petronash\/\">Petronash<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-authority-for-industrial-cities-and-technology-zones-modon\/\">Saudi Authority for Industrial Cities and Technology Zones (Modon)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/waja\/\">Waja<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zain-ksa\/\">Zain KSA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94437\" 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=\"94437\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/rising-us-inflation-in-january-reduces-chance-of-fed-rate-cut\/\">\r\n                            Rising US inflation in January reduces chance of Fed rate cut                        <\/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\/16\/rising-us-inflation-in-january-reduces-chance-of-fed-rate-cut\/\" 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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While only marginally higher than December\u2019s 2.9%, the uptick was enough for traders to dial back projections of a 2025 rate cut, pushing Treasury yields above 4.6%, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/13\/cnbc-daily-open-hot-inflation-stokes-fears-of-rate-pause-fears.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s driving inflation?<\/strong> Shelter costs accounted for nearly 30% of January\u2019s price increase, rising 0.4%. Gasoline jumped 1.8%, contributing to a 1.1% increase in overall energy costs. Food prices also ticked up 0.4%, with grocery costs rising 0.5%. Meanwhile, used car prices climbed 2.2%, and motor vehicle insurance jumped 2%. Excluding food and energy, core CPI rose 3.3% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Donald Trump\u2019s tariffs <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b1e25373-5ea0-4b23-b61f-7d1e77428c47\/trump%25e2%2580%2599s-tariffs-could-delay%253cmark%253e-fed%253c%2Fmark%253e-rate-cuts-as-inflation-risks-rise\" style=\"\" rel=\"noopener\">are expected<\/a> to stoke inflation further. US President Donald Trump reiterated earlier last week that rates \u201cshould be lowered, something which would go hand in hand with upcoming tariffs,\u201d CNBC reports. Some 90% of the economists in Reuters\u2019 October 2024 and February 2025 polls raised their inflation estimates for 2025 following Trump\u2019s election victory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Trump has already imposed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64778259-99da-45c4-8c53-9d22a233e042\/\" style=\"\" rel=\"noopener\">10% tariff on USD 450 bn worth<\/a> of Chinese goods and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2942bc59-f0aa-464d-81e5-9f603ac6c372\/\" style=\"\" rel=\"noopener\">25% tariffs on steel aluminum imports<\/a> and vowed to impose reciprocal tariffs matching those imposed by other US trade partners. He has also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b078426-0c56-4ce6-939d-2383f89a913a\/sca%E2%80%99s-rabie-pushes-shipping-companies-to-return-to-the-red-sea\" style=\"\" rel=\"noopener\">threatened to impose 25% tariffs<\/a> on US imports from Mexico and Canada, with the measures <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01bf2f0f-4981-45a1-9e47-0efa6b4c469c\/are-we-witnessing-the-death-of-usaid%3F\" style=\"\" rel=\"noopener\">on hold until 1 March<\/a> as the neighboring countries continue to negotiate over border security. White House Press Secretary Karoline Leavitt also signaled that more trade actions could be announced soon, CNBC reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are cuts still possible?<\/strong> A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b1e25373-5ea0-4b23-b61f-7d1e77428c47\/trump%25e2%2580%2599s-tariffs-could-delay%253cmark%253e-fed%253c%2Fmark%253e-rate-cuts-as-inflation-risks-rise\" style=\"\" rel=\"noopener\">Reuters poll<\/a> of 101 analysts suggests that Fed officials will adopt a wait-and-see approach as they assess how tariffs and other policy changes could affect the economy before making any further rate cuts.<\/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\">12,385<\/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\">-0.01% (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\">1,538<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +1.9%)<\/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>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\">31,615<\/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% (YTD: +0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">29,997<\/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\">+1.1% (YTD: +0.9%)<\/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>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\">9,626<\/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: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,362<\/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: +3.9%)<\/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>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\">6,116<\/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\">-0.01% (YTD: +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>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\">8,733<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +6.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,493<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +12.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 74.74<\/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\">-0.37%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.73<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.67%<\/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 2,900.70<\/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\">-1.52%<\/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>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 97,485<\/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\">0.0% (YTD: +4.3%)<\/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 0.01% <strong>yesterday <\/strong>on turnover of SAR 5 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> Nice One (+10%), Medgulf (+7.8%) and Jamjoom Pharma (+4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Albabtain (-4.2%), SRMG (-3.3%) and UCA (-2.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> rose 1% <strong>yesterday <\/strong>on turnover of SAR 58.8 mn. The index is up 0.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Intelligent Oud (+16.4%), Dar Almarkabah (+12%) and WSM (+9.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Knowledge Tower (-8.9%), Alhasoob (-6.6%) and FAD (-4.6%).<\/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\">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>S<\/strong><strong>audi <\/strong><strong>Industrial Investment Group (SIIG) submitted a request to the Capital Market <\/strong><strong>Authority to <\/strong><strong>reduce its capital from SAR 7.5 bn to SAR 6.8 bn<\/strong> by way of canceling 75.5 mn shares, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85218&anCat=1&cs=2250&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The move is pending shareholder and regulatory approvals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Anaam I<\/strong><strong>nternational Holding Group\u2019s shareholders approved a reverse stock split, <\/strong><strong>raising the nominal share value for SAR 0.50 to SAR 10 a piece<\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85223&anCat=1&cs=4061&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The company will consolidate every 20 shares into one, keeping total capital unchanged at SAR 315 mn.<\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/inflation\/\">Inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94439\" 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=\"94439\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/saudi-arabia-is-taking-the-lead-on-arab-plan-for-gazas-future-with-riyadh-hosted-talks\/\">\r\n                            Saudi Arabia is taking the lead on Arab plan for Gaza\u2019s future with Riyadh-hosted talks                        <\/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\/16\/saudi-arabia-is-taking-the-lead-on-arab-plan-for-gazas-future-with-riyadh-hosted-talks\/\" 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\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+Arabia+is+taking+the+lead+on+Arab+plan+for+Gaza%E2%80%99s+future+with+Riyadh-hosted+talks+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F16%2Fsaudi-arabia-is-taking-the-lead-on-arab-plan-for-gazas-future-with-riyadh-hosted-talks%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\/16\/saudi-arabia-is-taking-the-lead-on-arab-plan-for-gazas-future-with-riyadh-hosted-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1486.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94440\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/saudi-arabia-is-taking-the-lead-on-arab-plan-for-gazas-future-with-riyadh-hosted-talks\/1486-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1486.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1486.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1486.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1486.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94439\" class=\"content-area-description single-story post-94439 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-ksa tag-gaza tag-israel tag-mohamed-bin-salman tag-palestine tag-saudi-rwanda-ties tag-saudi-us-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.e21058ee-bf5e-4f5e-82fc-f90850f58b42.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Ar<\/strong><strong>abia<\/strong><strong> is spearheading Arab efforts to develop a plan for Gaza's future that can a<\/strong><strong>ct<\/strong> <strong>as a counterweight to Trump's proposal<\/strong> for 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 Gaza<\/a> that would see the forced displacement of Palestinians, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-spearheads-arab-scramble-alternative-trumps-gaza-plan-2025-02-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing sources it says are in the know. Proposals \u2014 which will be discussed by countries including Saudi Arabia, Egypt, Jordan and the United Arab Emirates at a meeting in Riyadh ahead of a 27 February Arab Summit \u2014 could include a GCC-led reconstruction fund and a move to distance Hamas, the newswire reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Crown Prince Mohammed bin Salman is \u201ctaking the lead\u201d in developing and presenting <\/strong><strong>the Arab plan to Trump<\/strong>, the newswire said, citing an unnamed Jordanian official. By putting the Crown Prince at the forefront, the Arab bloc is looking to leverage the Saudi leadership\u2019s strong relationship with the Trump administration, as well as its expanding business and political ties with Washington.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An Egyptian proposal is emerging as key to the Arab push for an alternative to Trump\u2019s <\/strong><strong>Gaza strategy<\/strong>, with the plan calling for a national Palestinian committee to govern Gaza without Hamas, international reconstruction efforts that don\u2019t involve displacing Palestinians, and progress towards a two-state solution, Egyptian security sources told Reuters. The proposal also reportedly includes a buffer zone along Gaza\u2019s border with Egypt, temporary living areas, and a potential Gulf-led reconstruction fund which may even be named the Trump Fund for Reconstruction. Jordan's King Abdullah reportedly told Trump that the Arab proposal would be \u201ccheaper and faster\u201d than the American proposition, Reuters reported <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/arab-proposal-gaza-works-jordan-cant-take-more-palestinians-minister-says-2025-02-14\/\" style=\"\" rel=\"noopener\">separately<\/a>, citing unnamed European diplomatic sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gaza\u2019s governance and security are major sticking points: <\/strong>Although Hamas is open to transferring governance to a national committee, it demands influence over its composition and rejects the deployment of foreign forces without its consent. Meanwhile, Israel has rejected any role for Hamas or the Palestinian Authority in governing Gaza or providing security there, while Arab countries and the US want to avoid sending their own troops. GCC states, which have financed reconstruction efforts in Gaza before, are hesitant to do so once more without assurances that Israel will not destroy what they rebuild.<\/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\">IN OTHER DIPLOMACY NEWS-<\/p>\n<ul>\n<li><strong>Saud<\/strong><strong>i Arabia and Rwanda agreed to form a joint business council to boost <\/strong><strong>economic ties<\/strong>. The Federation of Saudi Chambers and the Rwandan Private Sector Union Organization signed the agreement in Kigali, Rwanda on Thursday. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2261424\" style=\"\" rel=\"noopener\">SPA<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mohamed-bin-salman\/\">Mohamed bin Salman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/saudi-rwanda-ties\/\">Saudi-Rwanda ties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-us-relations\/\">Saudi-US relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94441\" 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\/16\/94441\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94441\" class=\"content-area-description single-story post-94441 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>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>17-19 February <\/span><span>(Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/connectplus.iaapa.org\/event\/iaapa-middle-east-trade-summit-2025\" style=\"\">IAAPA Middle East Trade Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 February (Tuesday-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>Derayah prices IPO | Ceer signs SAR 5.5 bn agreements | SADC acquires Tanzanian Port<\/p>\n","protected":false},"featured_media":94416,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-94415","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4b351e72-f534-4ad2-ba27-6541fc8d963b","teaser":"Derayah prices IPO | Ceer signs SAR 5.5 bn agreements | SADC acquires Tanzanian Port","photo_url":"https:\/\/ent.news\/2025\/1\/1242.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>Saudi records SAR 57.7 bn budget deficit in 4Q 2024, full-year deficit at SAR 115.6 bn - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/saudi-records-sar-57-7-bn-budget-deficit-in-4q-2024-full-year-deficit-at-sar-115-6-bn\/\" \/>\n<meta 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