{"id":94664,"date":"2025-02-24T00:00:00","date_gmt":"2025-02-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=94664"},"modified":"2025-12-14T20:21:58","modified_gmt":"2025-12-14T20:21:58","slug":"qurayyah-power-project-to-get-sar-13-4-bn-expansion-from-acwa-power-sec","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/qurayyah-power-project-to-get-sar-13-4-bn-expansion-from-acwa-power-sec\/","title":{"rendered":"Qurayyah Power Project to get SAR 13.4 bn expansion from Acwa Power, SEC"},"content":{"rendered":"<section id=\"94666\" 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=\"94666\">\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\/24\/neoms-the-line-on-track-says-coo-aramco-unlikely-to-issue-performance-linked-dividends-this-year\/\">\r\n                            THIS MORNING: Neom\u2019s The Line on track, says COO + Aramco unlikely to issue performance-linked dividends this year?                        <\/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\/24\/neoms-the-line-on-track-says-coo-aramco-unlikely-to-issue-performance-linked-dividends-this-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We are back in your inbox in the last week before the holy month, with an issue packed with everything business and finance in our Kingdom.<\/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>Qurayyah Power Project will get a SAR 13.4 bn expansion from Acwa Power and SEC, while SRC finalized pricing of USD 2 bn sukuk to be listed on the London Stock Exchange\u2019s International Securities Market. We also have a spotlight on what the FII Priority Summit means for US-Saudi investment potential, and sat down with Dalipal\u2019s Chairman to discuss the anticipated manufacturing hub in Dammam.<\/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>Week two of the four-d<\/strong><strong>ay <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\" rel=\"noopener\">Big 5 Construct Saudi<\/a><\/strong><strong> begins today at the Riyadh Front <\/strong><strong>Exhibition &amp; Conference Center.<\/strong> The Kingdom\u2019s largest construction event will feature upwards of 2k exhibitors from more than 60 countries, showcasing innovations across the sector. The event is expected to attract over 75k participants.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ridw.org\/\" style=\"\" rel=\"noopener\">Riyadh Int<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/ridw.org\/\" style=\"\" rel=\"noopener\">ernational Disputes Week<\/a><\/strong><strong> kicked off yesterday and runs through Thursday 27 <\/strong><strong>February<\/strong> at the Hilton Riyadh Hotel Granada. The event brings together stakeholders and key players in the dispute resolution industry, including lawyers, ADR practitioners, legal advisors, judges, as well as public and private sector representatives from Saudi and abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.psx-forum.com\/\" style=\"\" rel=\"noopener\">Public S<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.psx-forum.com\/\" style=\"\" rel=\"noopener\">ector Excellence Forum<\/a><\/strong><strong> (PSX)<\/strong><strong> takes place today at the Movenpick Hotel &amp; <\/strong><strong>Residence Riyadh.<\/strong> The biennial Riyadh-based forum brings together government officials, as well as local and international industry leaders and experts to explore solutions for improving public sector efficiency, public services, and the well-being of citizens.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>The biennial <\/strong><strong><a target=\"_blank\" href=\"https:\/\/rihf.ksrelief.org\/\" style=\"\" rel=\"noopener\">Riyad<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/rihf.ksrelief.org\/\" style=\"\" rel=\"noopener\">h International Humanitarian Forum<\/a><\/strong><strong> takes place today and tomorrow <\/strong><strong>at the<\/strong><strong> King Salman Humanitarian Aid and Relief Center<\/strong>. This year\u2019s edition, running under the theme \u201cNavigating the Future of Humanitarian Response,\" will focus on improving communication between donors, humanitarian workers, and other stakeholders, research based on evidence-based practices, recruitment, and accelerating efforts to achieve the UN\u2019s Sustainable Development Goals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>A windy Riyadh is set for a 20\u00b0C high and a 11\u00b0C low today, while Jeddah\u2019s mercury is set to peak at 28\u00b0C and hit a low of 19\u00b0C. Meanwhile, Dammam will see winds, a high of 19\u00b0C high, and a low of 15\u00b0C.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> #1- <\/strong><strong>Neom\u2019s The Line is on track<\/strong> <strong>and \u201chas never been scaled back<\/strong>,\u201d COO Giles Pendleton told <a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/News\/saudi-arabia\/2025\/02\/20\/inside-saudi-arabia-s-the-line-first-look-reveals-the-neom-city-rising-from-desert\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> during the outlet\u2019s \u201cexclusive first-ever media tour\u201d of the megaproject. Media coverage of Neom\u2019s flagship project has so far been \u201cwidely speculative,\u201d Pendleton said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Line was always intended to be built out in phases<\/strong>, while officials have never said that they could complete the entire 170 km project in one shot, Neom CPO Roberto Penno said. The first phase \u2014 which will be 2.4 km long and will consist of three modules housing 200k residents \u2014 is scheduled to be up and running by 2034, the report said. \u201cHundreds\u201d of cranes and some 10k workers are presently active at the construction site. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The Line has been dogged by media allegations of a downsizing for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11d20e6c-678e-468e-879b-82edc958350b\/is-neom-planning-its-first-ever-sukuk-sale%3F\" style=\"\" rel=\"noopener\">much of the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11d20e6c-678e-468e-879b-82edc958350b\/is-neom-planning-its-first-ever-sukuk-sale%3F\" style=\"\" rel=\"noopener\">past year<\/a>, but Neom officials have consistently maintained that buildout was proceeding on schedule. Meanwhile, the Line\u2019s Hidden Marina is set to become the first segment of the smart city to be operational, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/855289a1-f76b-436b-9500-11f47d71263a\/first-phase-of-the-line%25e2%2580%2599s-hidden-marina-is-moving-forward-%2B-ceer-to-unveil-its-first-car-by-late-2025#:~:text=%232%2D%20The%20first%20phase%20of%20smart%20city%20The%20Line%E2%80%99s%20Hidden%20Marina%20is%20moving%20forward%2C%20with\" style=\"\" rel=\"noopener\">contractors currently being sought<\/a> for raft foundations tendered in six lots.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> #2-<\/strong><strong> Aramco is unlikely to issue performance-linked dividends this year<\/strong>, as the state-owned oil giant\u2019s banknote-cycle is bound to cool off following a period of elevated payouts, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/jpmorgan-analysts-see-no-special-aramco-dividend-this-year-2025-02-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing a research note by JP Morgan\u2019s analysts. While Aramco\u2019s special dividends were backed by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f107195b-68e1-462a-b393-e93655016f8b\/aramco-earnings-dip-again-in-2q-2024,-but-maintains-dividend\" style=\"\" rel=\"noopener\">strong financials in 2022 and 2023<\/a>, the leading lender is penciling down a more restrained approach for 2025 following FY 2024 earnings, due to be published on Tuesday, 4 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Aramco expects to declare USD 124.3 bn for 2024, out of which USD 43.1 bn would be performance-linked dividends. The government, which owns 81.5% of the company, and the Public Investment Fund (PIF), holding 16%, have been key beneficiaries of these distributions.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #3-<\/strong><strong> Abdul<\/strong><strong> Latif Jameel Energy weighs sale of Spanish renewables firm to <\/strong><strong>Apollo Global: <\/strong>NYSE-listed private equity firm <a target=\"_blank\" href=\"https:\/\/www.apollo.com\/\" style=\"\" rel=\"noopener\">Apollo Global Management<\/a> is among potential buyers for Madrid-based <a target=\"_blank\" href=\"https:\/\/frv.com\/en\/\" style=\"\" rel=\"noopener\">Fotowatio Renewable Ventures (FRV)<\/a>, as <a target=\"_blank\" href=\"https:\/\/alj.com\/en\/\" style=\"\" rel=\"noopener\">Abdul Latif Jameel Energy &amp; Environmental Services (ALJ)<\/a> weighs <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b7c84acf-8ed0-40f7-985c-72e7823c8f2e\/%253cmark%253eabdul-latif-jameel%253c%2Fmark%253e-energy-revives-exit-plans-for-fotowatio\" style=\"\" rel=\"noopener\">a sale<\/a> that could value the clean energy developer at around USD 2.1 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-21\/apollo-is-said-to-mull-buying-spain-s-fotowatio-from-saudi-group\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing people it says are familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition would rank among Spain\u2019s largest renewable energy sales,<\/strong> underscoring the sector\u2019s appeal to global investors. The family-owned business tapped JPMorgan Chase to advise on the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>FRV, which ALJ <a target=\"_blank\" href=\"https:\/\/www.meed.com\/abdul-latif-jameel-acquires-solar-company\/\" style=\"\" rel=\"noopener\">acquired in 2015<\/a> for an undisclosed sum, boasts a global portfolio exceeding 3.5 GW. The Saudi firm previously explored a sale in 2019, attracting interest from Chinese state-owned China Three Georges and Shanghai Electric Power. However, negotiations stalled due to the outbreak of the pandemic.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a> #4-<\/strong> <strong>Two ca<\/strong><strong>r rental firms are mulling IPOs: <\/strong><a target=\"_blank\" href=\"https:\/\/www.cherry.com.sa\/home\" style=\"\" rel=\"noopener\">Cherry Rent-A-Car<\/a> reportedly tapped BSF Capital and EFG Hermes as it gears up for a potential IPO, while <a target=\"_blank\" href=\"https:\/\/www.key.sa\/en\" style=\"\" rel=\"noopener\">Key Car Rental<\/a> is also exploring a listing, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-20\/saudi-arabian-car-rental-firms-cherry-key-car-weigh-ipos\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are in the know. No decisions have been made on the timing, size, or valuation of the potential offerings, with Cherry saying that it has yet to secure regulatory approval for an IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>Local car rental firms expect increased tourism numbers due to government plans to invest USD 1 tn in the sector by 2030, writes the business information service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Saudi Arabia plans to reel in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/778b5d96-5501-4666-8aa3-98b796ebf183\/everything-you-need-to-know-from-saudi-officials-at-davos\" style=\"\" rel=\"noopener\">70 mn foreign visitors annually<\/a> by 2030, up from 30 mn in 2024, as it wagers on middle-class travelers from China and India to boost the tally. Meanwhile, The tourism sector accounted for 5% of GDP at the end of last year, with the government targeting 10% by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.smc.com.sa\/Home\/Index\" style=\"\" rel=\"noopener\">SMC Ho<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.smc.com.sa\/Home\/Index\" style=\"\" rel=\"noopener\">spitals<\/a><\/strong><strong> reportedly tapped banks for potential local IPO<\/strong>, including EFG Hermes and SNB Capital, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/saudi-healthcare-group-smc-hospitals-hires-banks-ipo-sources-say-2025-02-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing sources it says are in the know. Plans for the listing are set to be made public before the summer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We saw this coming: <\/strong>SMC CEO Bassam Chahine told Al Arabiya <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3552e765-51f2-4e66-899e-e14cbb7d9be3\/almajal-alarabi-group-%2B%253cmark%253e-smc%253c%2Fmark%253e-hospitals-each-mull-tadawul-ipos#:~:text=%232%2D%20SMC%20Hospitals%20could%20also%20opt%20for%20a%20Tadawul%20listing%20somewhere%20down%20the%20line%20as%20it\" style=\"\" rel=\"noopener\">earlier this month<\/a> that the group could consider a Tadawul IPO as a means to raise capital, but fell short of providing a timeline for any potential offering.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Don\u2019t f<\/strong><strong>orget to file<\/strong><strong> your VAT returns before the month is out: <\/strong>The Zakat, Tax, and Customs Authority is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0de96cc3-bcab-4095-acc4-98fe0fe9bb04\" style=\"\" rel=\"noopener\">once again<\/a> reminding businesses subject to VAT with annual turnover exceeding SAR 40 mn to file their January tax returns by Friday, 28 February, it said in a <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/News_1351.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. Late submissions may incur fines ranging from 5% to 25% of the declared taxes.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Saud<\/strong><strong>i Arabia\u2019s crude exports fell 9.2% y-o-y in 2024, hitting a 14-year low of 6.1 mn bbl \/ <\/strong><strong>d<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.mees.com\/2025\/2\/21\/opec\/saudi-arabia-2024-key-oil-stats-000-bd-crude-exports-fall-10-to-14-year-low\/ba298a40-f05d-11ef-8a3c-6f9b45f59147\" style=\"\" rel=\"noopener\">figures<\/a> from Middle East Economic Survey (Mees). Crude output also fell 6.8% y-o-y to 9 mn bbl \/ d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Total ener<\/strong><strong>gy delivered to the Saudi grid was up 5% y-o-y in <\/strong><strong>2023 <\/strong><strong>at 380.9k GW-hours<\/strong>, while total electricity consumption increased 5.7% to 327k GW-hours over the same period, according to the General Authority for Statistics\u2019 (Gastat) latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2147.pdf\" style=\"\" rel=\"noopener\">electrical energy figures (pdf)<\/a>. The residential sector accounted for the greatest proportion of electricity consumption at 46.7%, followed by the industrial sector (18.5%), and the commercial sector (18.1%).<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Germany\u2019s critical elections are in the spotlight this morning<\/strong>: Center-right Christian Democrats came on top after snapping up 29% of the vote, with leader Friedrich Merz <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a87d5ebd-1dd9-44ad-a88d-693136a6cfb1\" style=\"\" rel=\"noopener\">promising \u201cindependence\u201d<\/a> from an indifferent United States.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bloc still needs one more coalition partner for majority<\/strong>, as far-right Alternative for Germany <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/germany-election-merz-scholz-far-right-afd-ebf16ed38e0beaff7fed9a6d29b32a24\" style=\"\" rel=\"noopener\">came in a close second<\/a> with 21%, its highest share ever. Investors will be <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/what-german-election-means-markets-2025-02-18\/\" style=\"\" rel=\"noopener\">watching closely for government negotiations<\/a>, hoping for a \u201cdebt brake\u201d reform soon that will ease restrictions on fiscal spending and spur growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong><\/p>\n<ul>\n<li><strong>Trump administration fired 2k USAID employees <\/strong>and put thousands on leave starting yesterday. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/23\/us\/politics\/trump-usaid-employees-firing.html\" style=\"\" rel=\"noopener\">NY Times<\/a>)<\/li>\n<li><strong>Israel has sent tanks into the West Bank for the first time since 2002<\/strong>, saying it will not allow any displaced Palestinians to return. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/23\/israeli-tanks-move-into-occupied-west-bank-for-first-time-since-2002.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul>\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\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/the-line\/\">The Line<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/qurayyah-power-project-to-get-sar-13-4-bn-expansion-from-acwa-power-sec\/\">\r\n                            Qurayyah Power Project to get SAR 13.4 bn expansion from Acwa Power, SEC                        <\/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\/24\/qurayyah-power-project-to-get-sar-13-4-bn-expansion-from-acwa-power-sec\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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 <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Qurayyah+Power+Project+to+get+SAR+13.4+bn+expansion+from+Acwa+Power%2C+SEC+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F24%2Fqurayyah-power-project-to-get-sar-13-4-bn-expansion-from-acwa-power-sec%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\/24\/qurayyah-power-project-to-get-sar-13-4-bn-expansion-from-acwa-power-sec\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2212.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94670\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/qurayyah-power-project-to-get-sar-13-4-bn-expansion-from-acwa-power-sec\/2212-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2212.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2212.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2212.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2212.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94669\" class=\"content-area-description single-story post-94669 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-acwa-power tag-energy tag-enterpriseam-ksa tag-saudi-electricity-company-sec tag-saudi-power-procurement-company-sppc 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\/.c07e3c88-fc24-4429-abf5-61bea371a1eb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Acwa Po<\/strong><strong>wer, SEC <\/strong><strong>ink SAR 13.4 bn agreement for Qurayyah IPP expansion:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.se.com.sa\/\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/www.se.com.sa\/\" style=\"\" rel=\"noopener\">Electricity Company (SEC)<\/a> and <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/en\/%5C\" style=\"\" rel=\"noopener\">Acwa Power<\/a> signed a SAR 13.4 bn power purchase agreement with the <a target=\"_blank\" href=\"https:\/\/spb.com.sa\/\" style=\"\" rel=\"noopener\">Saudi Power Procurement Company<\/a> for the Qurayyah independent power project (IPP) expansion in the Eastern Province, according to two separate disclosures to Tadawul (<a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85367&anCat=1&cs=5110&locale=en\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85364&anCat=1&cs=2082&locale=en\" style=\"\" rel=\"noopener\">here<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Project details: <\/strong>The project will see the development of a 3.01 GW combined-cycle gas turbine (CCGT) power plant with readiness for carbon capture and a 380 kV electrical substation. The contract will span 25 years from the plant\u2019s commercial operation date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership breakdown: <\/strong>SEC and Acwa Power each hold a 40% stake in the project, while <a target=\"_blank\" href=\"https:\/\/haaisco.com\/\" style=\"\" rel=\"noopener\">Hajj<\/a><a target=\"_blank\" href=\"https:\/\/haaisco.com\/\" style=\"\" rel=\"noopener\">Abdullah Alireza & Company (Haaisco)<\/a> owns the remaining 20%, according to <a target=\"_blank\" href=\"https:\/\/www.meed.com\/sec-and-acwa-power-sign-qurayyah-ipp-expansion-deal\" style=\"\" rel=\"noopener\">Meed<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The existing USD 668.3 mn Qurayyah IPP project \u2014 touted as the world\u2019s largest combined cycle gas-fired power plant \u2014 has a net generation capacity of 3.9 GW according to an earlier <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2118.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from Acwa Power. The project began commercial operations back in 2015.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Acwa Power has been active as of late: <\/strong>Acwa Power <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e2578aea-cda9-42c9-a326-98810216ec45\/%253cmark%253eacwa%253c%2Fmark%253e%253cmark%253e-power%253c%2Fmark%253e-boosts-kuwaiti,-bahraini-portfolio-with-sar-2.6-bn-utility-buy\" style=\"\" rel=\"noopener\">snapped up<\/a> Kuwaiti, Bahraini assets from an Engie subsidiary for SAR 2.6 bn last week and signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/06073278-5135-4ba8-8e60-3afe315888a9\/%253cmark%253eacwa%253c%2Fmark%253e%253cmark%253e-power%253c%2Fmark%253e-has-another-mega-wind-farm-brewing-in-egypt\" style=\"\" rel=\"noopener\">SAR 8.6 bn power purchase agreement<\/a> with the Egyptian Electricity Transmission Company earlier this week to set up a 2 GW wind farm in Egypt\u2019s South Hurghada. The homegrown renewables giant is also constructing a 1.1 GW farm in the Gulf of Suez worth USD 1.2 bn with Egypt\u2019s Hassan Allam Utilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO FROM ACWA POWER-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa\u2019s Shuaiba 2 solar plant to start commercial operations:<\/strong> An Acwa Power-led consortium has received the commercial operation certificate from the Saudi Power Procurement Company for the first, second, and third phases of its 2.1 GW Shuaiba 2 Solar PV plant in Saudi, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85358&anCat=1&cs=2082&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> issued Thursday. The project is now fully operational.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/acwa-power\/\">ACWA power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-electricity-company-sec\/\">Saudi Electricity Company (SEC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-power-procurement-company-sppc\/\">Saudi Power Procurement Company (SPPC)<\/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=\"94671\" 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=\"94671\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/src-to-list-usd-2-bn-sukuk-on-the-london-stock-exchange\/\">\r\n                            Saudi Real Estate Refinance to list USD 2 bn international sukuk on the London Stock Exchange                        <\/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\/24\/src-to-list-usd-2-bn-sukuk-on-the-london-stock-exchange\/\" 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 issuance \u2014 valued at USD 2 bn \u2014 was 6x oversubscribed, and will be listed on the London Stock Exchange\u2019s International Securities Market as part of SRC\u2019s USD 5 bn International Sukuk Program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know so far: <\/strong>The issuance will include two tranches with three and 10 years maturities. Additional details on yield rates and subscription rates were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go? <\/strong>The funds will be used to boost liquidity in the Saudi secondary mortgage market, support housing market sustainability, attract foreign investment, and integrate the Kingdom\u2019s economy with global markets, the company said. The Kingdom aims to boost mortgage financing to SAR 1.3 tn by 2030, up from SAR 800 bn in 2024, Municipalities and Housing Minister Majid Al Hogail said in the press release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> SRC acquired a SAR 1 bn mortgage portfolio from Bidaya Finance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b5608956-ef8e-42ff-9587-12bc5824336a\/%253cmark%253e%253c%2Fmark%253esrc%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eacquires%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esar%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e1%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emortgage%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eportfolio%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efrom%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebidaya%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">in December<\/a>, marking the largest transaction of its kind among mortgage companies.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-real-estate-refinance-company-src\/\">Saudi Real Estate Refinance Company (SRC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94673 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"94673\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/94673\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94673\" class=\"content-area-description single-story post-94673 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94674\" 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=\"94674\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/dalipals-manufacturing-hub-in-dammam-to-go-live-in-2027-chairman\/\">\r\n                            Dalipal\u2019s manufacturing hub in Dammam to go live in 2027 -Chairman                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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<\/div>\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\/24\/dalipals-manufacturing-hub-in-dammam-to-go-live-in-2027-chairman\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2203.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94675\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/dalipals-manufacturing-hub-in-dammam-to-go-live-in-2027-chairman\/2203-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2203.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2203.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2203.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2203.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94674\" class=\"content-area-description single-story post-94674 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-bmg-financial tag-dalipal tag-dammam tag-enterpriseam-ksa tag-manufacturing 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\/.136f3942-897b-4864-9303-62321f03b2b2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"http:\/\/www.dalipal.com\/eng\" style=\"\" rel=\"noopener\">Dalipal<\/a><\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.dalipal.com\/eng\" style=\"\" rel=\"noopener\">Holdings<\/a><\/strong><strong>\u2019 export-oriented <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c7be5b22-7a60-4520-a179-3174c8bab5b8\/bmg-is-advising-china%25e2%2580%2599s%253cmark%253e-dalipal%253c%2Fmark%253e-on-saudi-expansion-plans-%2B-highlights-from-cmf\" style=\"\" rel=\"noopener\">manufacturing hub<\/a><\/strong><strong> in Dammam is expected to go live in <\/strong><strong>2027<\/strong>, Founder and Chairman of the Hong Kong-listed oil and gas pipes manufacturer Meng Fanyong told EnterpriseAM Saudi on the sidelines of the Capital Markets Forum in Riyadh last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Distribution + production capacity:<\/strong> The company plans to earmark 50% of the facility\u2019s production capacity to cover shortages in the local market, Fanyong said, adding that the new facility's first phase will have an estimated annual capacity of 300k tons. Dalipal plans, at a later stage, to move all of its export-earmarked production to the Dammam facility, Fanyong said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c7be5b22-7a60-4520-a179-3174c8bab5b8\" style=\"\" rel=\"noopener\">tapped<\/a> homegrown BMG Financial Group as financial advisor for its upcoming private offering, whereby it is looking to raise USD 600 mn from strategic investors to support the first phase of its Saudi expansion. Dalipal is also planning a dual listing on the Saudi Exchange to raise an additional USD 1.5 bn by 4Q for the second phase of its Saudi expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First mover advantage:<\/strong> Dalipal is set to become the first producer of hydrogen and drilling pipes in the region, giving it a competitive edge in the market, Fanyong said. The company is also planning to launch an R&D center in the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Saudi Arabia? <\/strong>Fanyong attributed the choice of Saudi Arabia to the country\u2019s openness to international investors, economic incentives for localization and knowledge transfer, and political and currency stability. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The manufacturer is looking to attract the attention of big family offices and anchor investors like Aramco and the PIF to participate in its upcoming private offering, he said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bmg-financial\/\">BMG Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dalipal\/\">Dalipal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dammam\/\">Dammam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/manufacturing\/\">manufacturing<\/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=\"94676\" 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=\"94676\">\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\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/fii-priority-summit-shores-up-us-saudi-investment-potential\/\">\r\n                            FII Priority Summit shores up US-Saudi investment potential                        <\/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\/24\/fii-priority-summit-shores-up-us-saudi-investment-potential\/\" 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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Saudi Arabia outlined plans to expand its presence in the US and beyond, with global executives highlighting the Kingdom as a prime investment opportunity. Notable attendees included Elon Musk, Saudi ambassador Princess Reema Bandar Al-Saud, National Security Advisor Mike Waltz, and business leaders such as TikTok CEO Shou Zi Chew.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first day of the summit saw an <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/09a4ddd2-26c9-4879-8206-a8bbd5e5127d\/trump-speaks-to-pif%25e2%2580%2599s-fii-priority-summit-in-miami-%2B-pif%25e2%2580%2599s-scopely-in-talks-to-acquire-pok%25c3%25a9mon-go-developer\" style=\"\" rel=\"noopener\">in-person address by US President Donald Trump<\/a><\/strong>, where he laid praise on the Kingdom and its leadership and thanked Riyadh for mediating talks with Russia on Ukraine and facilitating a recent prisoner swap. The president also proclaimed the start of a new \u201cgolden age of the United States\u201d during his hour-long speech. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Invest Saudi expands to Miami:<\/strong> Saudi Arabia will open an Invest Saudi office in Miami \u2014 its second in the US \u2014 to capitalize on the city\u2019s emerging profile as a hub for funds, family offices, and tech investments as well as as a \u201cgateway\u201d to South America, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-20\/saudi-arabia-chooses-miami-for-its-second-us-investment-office\" style=\"\" rel=\"noopener\">Bloomberg<\/a> quotes Investment Minister Khalid Al-Falih as saying at the FII summit. The move follows Crown Prince Mohammed bin Salman's pledge to increase Saudi investments in the US by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/edd31d02-8412-4caf-b141-e64841bee518\/saudi-to-invest%253cmark%253e-usd-600-bn%253c%2Fmark%253e-in-the-us\" style=\"\" rel=\"noopener\">USD 600 bn<\/a> over the coming four years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF eyes more US investments despite regulatory hurdles: <\/strong>PIF Governor Yasir Al-Rumayyan signaled plans to expand US investments despite regulatory barriers, according to the <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/649588\/SAUDI-ARABIA\/PIF-seeks-to-expand-US-investments-despite-restrictions-says-governor-Al-Rumayyan\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/649588\/SAUDI-ARABIA\/PIF-seeks-to-expand-US-investments-despite-restrictions-says-governor-Al-Rumayyan\" style=\"\" rel=\"noopener\">Gazette<\/a>. Speaking at the summit, Al-Rumayyan highlighted that 40% of PIF\u2019s global investments are in the US, citing major recent transactions such as Savvy Games Group\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a9fbbe2d-901a-49d8-8b35-68bb737c3958\/pif-owned-savvy-has-some-esports,-games-surprises-up-its-sleeves\" style=\"\" rel=\"noopener\">USD 4.9 bn Scopely acquisition<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US first: <\/strong>The US is Saudi\u2019s first choice for investments abroad, with Saudi investments in the US exceeding USD 750 bn, and 25% of FDI inflows coming from the US, Investment Minister Khalid Al-Falih was quoted by <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financing-and-investment\/71438\/%D8%A7%D9%84%D9%81%D8%A7%D9%84%D8%AD-%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D8%A7-%D8%A7%D9%84%D8%AE%D9%8A%D8%A7%D8%B1-%D8%A7%D9%84%D8%A3%D9%88%D9%84-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How does that fit in PIF\u2019s new direction? <\/strong>The sovereign wealth fund has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f86b6c50-58ae-4b6a-bbe2-62fd4b6a41ec\/everything-you-need-to-know-from-day-one-of%253cmark%253e-fii%253c%2Fmark%253e-2024\" style=\"\" rel=\"noopener\">shifted its investment strategy<\/a> and is planning to reduce overseas exposure from 30% to 18-20% while shifting focus to support domestic diversification projects and encourage co-investment from foreign firms within the Kingdom. The fund is imposing stricter conditions on external managers and encouraging partnerships aligned with national priorities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong>Assets under management in Saudi Arabia\u2019s public markets have surged 150% since 2018 to USD 270 bn, PIF Deputy Governor Yazeed Al-Humied said in a <a target=\"_blank\" href=\"https:\/\/x.com\/PIF_en\/status\/1893105551137013872\" style=\"\" rel=\"noopener\">post on X<\/a>. Al-Humid noted ongoing regulatory improvements in the financial sector and expects local companies to increasingly rely on financial markets to power their growth, according to statements cited by <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financing-and-investment\/71465\/%D9%82%D8%B7%D8%A7%D8%B9-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%A3%D8%B5%D9%88%D9%84-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%8A%D9%86%D9%85%D9%88-150-%D9%81%D9%8A-7-%D8%B3%D9%86%D9%88%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-ahsa-2\/\">Al-Ahsa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/future-investment-initiative\/\">Future Investment Initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/miami\/\">Miami<\/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\/spotlight\/\">SPOTLIGHT<\/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=\"94678\" 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=\"94678\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/\">\r\n                            Aramco inks USD 1.5 bn EPC contract with Larsen &amp; Toubro for carbon capture hub                        <\/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\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/\" 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\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/')\">\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\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/\">\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=Aramco inks USD 1.5 bn EPC contract with Larsen &#038; Toubro for carbon capture hub&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/\">\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\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/&title=Aramco inks USD 1.5 bn EPC contract with Larsen &#038; Toubro for carbon capture hub\">\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=Aramco+inks+USD+1.5+bn+EPC+contract+with+Larsen+%26%23038%3B+Toubro+for+carbon+capture+hub+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F24%2Faramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub%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\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2201.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94679\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/aramco-inks-usd-1-5-bn-epc-contract-with-larsen-toubro-for-carbon-capture-hub\/2201-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2201.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2201.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2201.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2201.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94678\" class=\"content-area-description single-story post-94678 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-aramco tag-carbon-capture tag-energy tag-enterpriseam-ksa tag-epc tag-larsen-toubro 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\/.7f610ed7-5a13-491d-a0e2-d8bb64722090.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Aramc<\/strong><strong>o taps L&T for carbon capture project: <\/strong>Saudi Aramco reportedly awarded Indian energy company <a target=\"_blank\" href=\"https:\/\/www.lnthydrocarbon.com\/\" style=\"\" rel=\"noopener\">Larsen &<\/a><a target=\"_blank\" href=\"https:\/\/www.lnthydrocarbon.com\/\" style=\"\" rel=\"noopener\">Toubro's<\/a><a target=\"_blank\" href=\"https:\/\/www.lnthydrocarbon.com\/\" style=\"\" rel=\"noopener\">(L&T) Energy Hydrocarbon division<\/a> a USD 1.5 bn engineering, procurement, and construction (EPC) contract for the first phase of its Carbon Capture and Storage (CCS) hub in Jubail, <a target=\"_blank\" href=\"https:\/\/www.cnbctv18.com\/business\/companies\/larsen-and-tourbo-wins-mega-1-5-billion-dollars-contract-by-saudi-aramco-19562937.htm\" style=\"\" rel=\"noopener\">CNBC TV18<\/a> reported on Friday. L&T is yet to confirm the contract.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>The planned hub will have the capacity to store up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0a8111be-665b-4e91-a880-2db0b2a9292c\" style=\"\" rel=\"noopener\">9 mn tons<\/a> of CO2 a year by 2027 or 2028. The facility will get some 6 mn tons of CO2 from Aramco, with the rest coming from other industrial sources, the Indian network reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where do things stand? <\/strong>Aramco signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1a648bac-4bf6-4287-b9d0-8cad2e6ca33b\/arabica-star-debuts-on-nomu-today\" style=\"\" rel=\"noopener\">shareholders' agreement<\/a> with global multinational chemicals company Linde and US-based SLB for the project in December. Meanwhile, Global Pipe Company received a SAR 910 mn order to supply LSAW pipes for the hub <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/697ee648-3cdb-417f-97c8-5c1ffb260b51\/va-tech-wabag-secures-usd-371-mn-epc-contract-for-al-haer-sewage-treatment-plant\" style=\"\" rel=\"noopener\">earlier this month<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Aramco has bigger plans:<\/strong> Aramco inked final agreements to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/395cb8d7-6503-4047-b92a-d973e888abe6\" style=\"\" rel=\"noopener\">acquire a 50%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/395cb8d7-6503-4047-b92a-d973e888abe6\" style=\"\" rel=\"noopener\">stake<\/a> in Blue Hydrogen Industrial Gases Company back in July. It also reconfirmed plans to produce <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8761c2aa-85d0-4cc3-865b-f893c304af0d\/\" style=\"\" rel=\"noopener\">11 mn tons of blue hydrogen<\/a> annually by 2030 last year, with the oil giant earmarking \u201cmultiple bns of USD\u201d to establish itself as a major blue hydrogen exporter.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/carbon-capture\/\">carbon capture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/epc\/\">EPC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/larsen-toubro\/\">Larsen &amp; Toubro<\/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=\"94680\" 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=\"94680\">\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\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/\">\r\n                            Kayan, Astra Industrial, Saudi Steel Pipe report 2024 earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <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\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/\" 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\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/')\">\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\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/\">\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=Kayan, Astra Industrial, Saudi Steel Pipe report 2024 earnings&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/\">\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\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/&title=Kayan, Astra Industrial, Saudi Steel Pipe report 2024 earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Kayan%2C+Astra+Industrial%2C+Saudi+Steel+Pipe+report+2024+earnings+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F24%2Fkayan-astra-industrial-saudi-steel-pipe-report-2024-earnings%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2199.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94681\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/kayan-astra-industrial-saudi-steel-pipe-report-2024-earnings\/2199-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2199.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2199.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2199.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2199.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94680\" class=\"content-area-description single-story post-94680 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-astra-industrial tag-earnings-watch tag-enterpriseam-ksa tag-kayan tag-saudi-steel-pipe 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\/.480439d0-bfcb-47f6-8613-62fcf36d04c2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SAUDI KAYAN-<\/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:\/\/saudikayan.com\/en\" style=\"\" rel=\"noopener\">Saudi Kaya<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudikayan.com\/en\" style=\"\" rel=\"noopener\">n Petrochemical Co.<\/a><\/strong><strong> saw its net loss decline to SAR 1.8 bn <\/strong><strong>in 2024<\/strong>, down from SAR 2.1 bn in 2023, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85368&anCat=1&cs=2350&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The improved performance came on the back of higher average selling prices for products and a collection of a SAR 253 mn ins. payment, with gains partly offset by increases in the costs of some raw materials. Meanwhile, revenues were up 6.8% at SAR 8.7 bn during the same period on the back of the increase in selling prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The uptick in performance still came shy of analysts' expectations, <\/strong>pegged at some SAR 1.49 bn in losses, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-reports\/71335\/%D9%86%D8%AA%D8%A7%D8%A6%D8%AC-%D9%83%D9%8A%D8%A7%D9%86-%D9%84%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AF%D9%88%D9%86-%D8%A7%D9%84%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D9%81%D9%8A-2024\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports citing estimates compiled by Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Kayan is expected to see a 1.3% rise in its cost of sales, due to Aramco raising domestic diesel prices <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/167cb24a-e3d0-4707-88d3-237ef60a5b74\/aramco-hikes-diesel-prices-for-manufacturers-by-44%2525\" style=\"\" rel=\"noopener\">in January<\/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\">ASTRA INDUSTRIAL GROUP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegro<\/strong><strong>wn industrial conglomerate<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.aig.sa\/\" style=\"\" rel=\"noopener\">Astra Industrial Group<\/a><\/strong><strong> saw its net income rise 24% <\/strong><strong>y-o-y to SAR 589.3 mn in 2024<\/strong>, buoyed by solid performance across all sectors, gains from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9cf88063-b633-494e-8bd7-dd1988230a98\/retal-urban-development-unit-lands-sar-2.9-bn-contract-with-pif-owned-roshn.-plus:-m&a,-debt-and-logistics\" style=\"\" rel=\"noopener\">sale of Astra Mining<\/a> and the settlement of company debts as part of the acquisitions, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85357&anCat=1&cs=1212&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues were up 8.6% during the same period at SAR 3.1 bn, thanks to higher sales in the pharma and steel sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong><strong>- <\/strong><a target=\"_blank\" href=\"https:\/\/saudilime.com\/en\/home\/\" style=\"\" rel=\"noopener\">Saudi Lime Industries<\/a> closed a SAR 35 mn full takeover of Astra Mining Limited in May of last year. The Nomu-listed company also settled SAR 130 mn in debts owed by Astra to local lenders as part of the acquisition, bringing the total transaction value to SAR 164.6 mn. The transaction was financed via Saudi Lime\u2019s own resources, along with debt facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SAUDI STEEL PIPE-<\/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.sspipe.com\/en\" style=\"\" rel=\"noopener\">Saudi St<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sspipe.com\/en\" style=\"\" rel=\"noopener\">eel Pipe<\/a><\/strong><strong> saw its net income rise 15.2% y-o-y to SAR 250 mn in<\/strong><strong> 2024<\/strong>, with gains attributed to the consolidation of subsidiary Global Pipe Company\u2019s results with the full year, higher efficiency, and improved product mix, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2124.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Meanwhile, revenues were up 22.1% during the same period at SAR 1.6 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/astra-industrial\/\">Astra Industrial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/kayan\/\">Kayan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-steel-pipe\/\">Saudi Steel Pipe<\/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=\"94682\" 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=\"94682\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/mabanees-saudi-arm-sign-sar-1-1-bn-contracts-for-five-towers-in-the-avenues-riyadh\/\">\r\n                            Mabanee\u2019s Saudi arm sign SAR 1.1 bn contracts for five towers in The Avenues Riyadh                        <\/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\/24\/mabanees-saudi-arm-sign-sar-1-1-bn-contracts-for-five-towers-in-the-avenues-riyadh\/\" 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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Riyadh&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/mabanees-saudi-arm-sign-sar-1-1-bn-contracts-for-five-towers-in-the-avenues-riyadh\/\">\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\/24\/mabanees-saudi-arm-sign-sar-1-1-bn-contracts-for-five-towers-in-the-avenues-riyadh\/&title=Mabanee\u2019s Saudi arm sign SAR 1.1 bn contracts for five towers in The Avenues Riyadh\">\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=Mabanee%E2%80%99s+Saudi+arm+sign+SAR+1.1+bn+contracts+for+five+towers+in+The+Avenues+Riyadh+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F24%2Fmabanees-saudi-arm-sign-sar-1-1-bn-contracts-for-five-towers-in-the-avenues-riyadh%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\/24\/mabanees-saudi-arm-sign-sar-1-1-bn-contracts-for-five-towers-in-the-avenues-riyadh\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2195.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94683\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/mabanees-saudi-arm-sign-sar-1-1-bn-contracts-for-five-towers-in-the-avenues-riyadh\/2195-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2195.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2195.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2195.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2195.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94682\" class=\"content-area-description single-story post-94682 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-ksa tag-jeddah tag-national-housing-company-nhc tag-national-water-company tag-regulation-watch tag-saudi-central-bank-sama-2 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\/.6dd2ed1e-cdea-4702-a3b8-4f36adcc44c5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- <\/strong><strong>Mabanee<\/strong><strong>\u2019s Sa<\/strong><strong>udi arm to build<\/strong><strong> five towers in The Avenues Riyadh\u2019s second phase: <\/strong>The Saudi arm of Kuwaiti real estate developer <a target=\"_blank\" href=\"https:\/\/mabanee.com\/en\" style=\"\" rel=\"noopener\">Mabanee<\/a> signed two contracts worth a combined SAR 1.1 bn to develop towers in the second phase of The Avenues Riyadh megaproject, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2144.pdf\" style=\"\" rel=\"noopener\">disclosure<\/a> to Boursa Kuwait.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The company signed a SAR 656 mn agreement to construct three towers for <a target=\"_blank\" href=\"https:\/\/www.falghanim.com\/\" style=\"\" rel=\"noopener\">Alghanim International Al Saudia<\/a>, and another SAR 475 mn agreement with <a target=\"_blank\" href=\"https:\/\/www.ahmadiah.com\/Default.aspx\" style=\"\" rel=\"noopener\">Ahmadiah Contracting and Trading<\/a> for two additional towers. The projects are set to be completed within 24 to 33 months after construction begins.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About The Avenues Riyadh:<\/strong> The mixed-use SAR 17.2 bn megaproject will span an area of 390k sqm with a total built-up area of 1.9 mn sqm, featuring residential towers, hotels, entertainment, retail venues, and offices. The development is a JV between Shomoul Holding and regional architecture and engineering firm Pace. Construction kicked off in 1Q 2022 with the development scheduled to open its doors in 1Q 2026. The project stood at a 44.5% completion rate as of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9736dda3-7cec-4f80-afa0-6d626d0c55b5\/construction-at-the%253cmark%253e-avenues%253c%2Fmark%253e-riyadh-is-nearly-50%2525-complete\" style=\"\" rel=\"noopener\">August 2024<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The Nation<\/strong><strong>al Housing Company (NHC) launched a new residential project, dubbed <\/strong><strong>Rawasi<\/strong>, within the 3.7 mn sqm Jeddah Heights project in Jeddah, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2266707\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The development spans 897k sqm and features nearly 1.5k residential units, including around 1.2k villas and 298 townhouses, with prices starting at SAR 916k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh is<\/strong><strong> getting a new 55k sqm data center:<\/strong> The Saudi Authority for Industrial Cities and Technology Zones (Modon) inked a land lease agreement with local digital infrastructure developer <a target=\"_blank\" href=\"https:\/\/data-volt.com\/\" style=\"\" rel=\"noopener\">DataVolt<\/a> to develop a 55k sqm AI-ready data center in Riyadh\u2019s First Technology Park, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/data-volt_datavolt-modon-ai-activity-7298215176309288961-s1Yf?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> DataVolt had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/62bc07d9-8ddd-42a8-86a4-2873c0043c2a\/day-2-at-leap-2025-brings-usd-7.5-bn-in-tech-investments\" style=\"\" rel=\"noopener\">inked a SAR 2.5 bn agreement<\/a> with Modon during Leap 2025 earlier this month to establish the data center. The facility will leverage eco-friendly designs and advanced cooling to promote sustainability.<\/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\">CURRENCY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The SA<\/strong><strong>R g<\/strong><strong>ets an official currency symbol: <\/strong>King Salman bin Abdulaziz Al Saud approved the <a target=\"_blank\" href=\"https:\/\/www.sama.gov.sa\/ar-sa\/Currency\/SRS\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">official symbol<\/a> for the SAR, <a target=\"_blank\" href=\"https:\/\/uqn.gov.sa\/details?p=27008\" style=\"\" rel=\"noopener\">Umm Al Qura<\/a> reports. The symbol will be gradually implemented in financial transactions and applications as part of efforts to highlight the growing profile of the currency in global finance, Governor of the Saudi Central Bank Ayman Al Sayari noted.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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\/jeddah\/\">Jeddah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-housing-company-nhc\/\">National Housing Company (NHC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-water-company\/\">National Water Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-central-bank-sama-2\/\">Saudi Central Bank Sama<\/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=\"94684\" 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=\"94684\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/all-eyes-are-on-the-feds-preferred-inflation-gauge-out-this-week\/\">\r\n                            All eyes are on the Fed\u2019s preferred inflation gauge, out this week                        <\/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\/24\/all-eyes-are-on-the-feds-preferred-inflation-gauge-out-this-week\/\" 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 data could reinforce or challenge expectations for a rate cut later this year, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2a85a487-c881-4f9f-b287-87617b6673d3\" style=\"\" rel=\"noopener\">Financial Times<\/a> writes. While the index is expected to tick up 0.3% m-o-m in January, slightly above December\u2019s 0.2%, the annual rate is forecasted to dip to 2.6% from 2.8%, according to a Reuters poll. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market is already jittery after <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eaf58815-1e9c-4461-b8d8-63ae8a7c6d23\/rising-us-inflation-in-january-reduces-chance-of%253cmark%253e-fed%253c%2Fmark%253e-rate-cut\" style=\"\" rel=\"noopener\">January\u2019s hotter-than-expected consumer price index<\/a><\/strong>, which saw core inflation rise to 3.3%, surpassing forecasts of 3.1%. The inflation surprise reshaped rate cut expectations, with futures traders now pricing in a quarter-point cut by September, and a 70% chance of another cut before year-end.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The risk: Inflation could prove stickier than expected. <\/strong>\u201cDespite our expectation that inflation will slow solidly over the next couple of months, we feel the risks are skewed to the upside of our forecast over the next year or so \u2014 particularly from current and proposed administration policies,\u201d UBS economist Alan Detmeister said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Policymakers are also signaling caution: <\/strong>Atlanta Fed President Raphael Bostic <a target=\"_blank\" href=\"https:\/\/www.atlantafed.org\/about\/atlantafed\/executive-leadership-committee\/bostic-raphael\/message-from-the-president\/archive\/2025\/02\/20\/uncertainty-calls-for-caution-humility-in-policymaking\" style=\"\" rel=\"noopener\">flagged<\/a> the complexity of trade, immigration, and regulatory shifts, calling them \u201ccrosscurrents\u201d that complicate decision-making. Meanwhile, St. Louis Fed President Alberto Musalem <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/23\/the-fed-is-stuck-in-neutral-as-it-watches-how-trumps-policies-play-out.html\" style=\"\" rel=\"noopener\">warned<\/a> that inflation could remain high even as economic growth slows, reinforcing concerns that the Fed\u2019s \u201cmodestly restrictive\u201d stance on interest rates could stick around longer than markets anticipate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The real test: <\/strong>The Fed\u2019s inflation target remains at 2%, but the path back to that level is uncertain. While investors are penciling in rate cuts by September, some economists argue the Fed could stay put if price pressures persist. \u201cThis is no time for complacency,\u201d Bostic said.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning <\/strong>\u2014 the Shanghai Composite is down 0.2% and the Kospi is down 0.8%, meanwhile the Hang Seng is looking at gains of 0.2%. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,388<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,551<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,475<\/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: 0.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">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\">31,010<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: 4.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,618<\/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: +2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,359<\/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: +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\">6,013<\/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\">-1.7% (YTD: +2.2%)<\/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>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\">8,659<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,475<\/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: +11.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 74.43<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.23<\/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\">+2.0%<\/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 2,953<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 95,660<\/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\">-1.0% (YTD: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>rose 0.6% <strong>yesterday <\/strong>on turnover of SAR 6 bn. The index is up 2.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Anaam Holding (+6.3%), Etihad Etisalat (+5.4%) and Teco (+4.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Alsagr Insurance (-9.8%), SSP (-6.8%) and Astra Industrial (-4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> rose 0.1% <strong>yesterday <\/strong>on turnover of SAR 31.2 mn. The index is unchanged YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> TMC (+9.3%), Meyar (+7.9%) and Enma Alrawabi (+5.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Alrazi (-9.2%), Dar Almarkabah (-7.0%) and Alashghal Almoysra (-5.4%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"94686\" 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=\"94686\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/informal-brotherly-gathering-brings-together-arab-leaders-in-riyadh\/\">\r\n                            \u201cInformal brotherly gathering\u201d brings together Arab leaders in Riyadh                        <\/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\/24\/informal-brotherly-gathering-brings-together-arab-leaders-in-riyadh\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n 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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94687\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/informal-brotherly-gathering-brings-together-arab-leaders-in-riyadh\/2192-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2192.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2192.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2192.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2192.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94686\" class=\"content-area-description single-story post-94686 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-donald-trump tag-enterpriseam-ksa tag-gaza 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\/.9796b41d-8800-4955-a2a4-2825613bc41d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Arab l<\/strong><strong>eaders convene in Riyadh: <\/strong>An \u201cinformal brotherly gathering\u201d brought together leaders in Riyadh on Friday at the invitation of Crown Prince Mohamed bin Salman to discuss regional and international developments, with a focus on Palestine and the Gaza Strip, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2267513\" style=\"\" rel=\"noopener\">SPA reports<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A unified push: <\/strong>Arab countries are putting together a post-war roadmap for Gaza that can go up against US President Donald Trump\u2019s planned <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\">US takeover of the strip<\/a> \u2014 a blueprint which he seems to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32f53120-a2b4-41e3-9d43-81f1b08ec845\/trump-takes-back-gaza-plan-as-arab-leaders-weigh-gaza%25e2%2580%2599s-future-in-riyadh?utm_campaign=feed&utm_medium=referral&utm_source=later-linkinbio\" style=\"\" rel=\"noopener\">walking back<\/a> on amid regional pushback.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The Arab plan for Gaza is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c1aa72e5-303c-4484-b229-c2237e5346db\/egypt%25e2%2580%2599s-el-sisi-to-arrive-in-riyadh-to-discuss-arab-led%253cmark%253e-gaza%253c%2Fmark%253e-plan\" style=\"\" rel=\"noopener\">set to be unveiled<\/a> during an emergency Arab Summit \u2014 scheduled to take place in Cairo on Tuesday, 4 March. The plan will reportedly include establishing a national Palestinian committee to govern Gaza without involvement from Hamas, and an estimated USD 20 bn over three years to fund the first phase of reconstruction without displacing Palestinians.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gaza\/\">Gaza<\/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=\"94688\" 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\/24\/94688\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94688\" class=\"content-area-description single-story post-94688 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>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 (TBC).<\/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>4-13 December (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/redseafilmfest.com\/en\/\" style=\"\">Red Sea International Film Festval<\/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>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\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>SRC to list USD 2 bn sukuk | More on Dalipal\u2019s Dammam hub | FII Priority Summit | Kayan earnings.<\/p>\n","protected":false},"featured_media":94665,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-94664","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1a8c7cca-4be6-406f-982b-ef45cc6ec0b4","teaser":"SRC to list USD 2 bn sukuk | 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