{"id":94712,"date":"2025-02-25T00:00:00","date_gmt":"2025-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=94712"},"modified":"2025-12-14T20:22:42","modified_gmt":"2025-12-14T20:22:42","slug":"salic-now-owns-80-of-singapores-olam-agri-alat-acquires-15-of-tk-elevator","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/salic-now-owns-80-of-singapores-olam-agri-alat-acquires-15-of-tk-elevator\/","title":{"rendered":"Salic now owns 80% of Singapore\u2019s Olam Agri + Alat acquires 15% of TK Elevator"},"content":{"rendered":"<section id=\"94714\" 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=\"94714\">\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\/25\/finmin-reportedly-taps-banks-for-eur-denominated-sukuk-issuance-witkoff-to-land-in-the-region-tomorrow\/\">\r\n                            THIS MORNING: FinMin reportedly taps banks for EUR-denominated sukuk issuance + Witkoff to land in the region tomorro                        <\/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\/25\/finmin-reportedly-taps-banks-for-eur-denominated-sukuk-issuance-witkoff-to-land-in-the-region-tomorrow\/\" 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 week continues with strong M&A activity, with Salic and Alat snapping stakes in foreign companies. Meanwhile, FAB and BMI weigh in on the Kingdom\u2019s growth prospects in 2025, and EFG Hermes\u2019 Head of Research Ahmed Shams El Din discusses the Kingdom\u2019s growing capital markets. Let\u2019s dive in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>A chilly Riyadh is set for a 14\u00b0C high and a 7\u00b0C low today, while Jeddah\u2019s mercury is set to peak at 28\u00b0C and hit a low of 20\u00b0C. Meanwhile, Dammam will see a high of 16\u00b0C, and a low of 13\u00b0C.<\/p>\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>The <\/strong><strong>US <\/strong><strong>Special Envoy to the Middle East Steve Witkoff will be visiting the region this <\/strong><strong>week to discuss the second phase of a Hamas-Israel hostage agreement<\/strong>, he told <a target=\"_blank\" href=\"https:\/\/www.cbsnews.com\/news\/steve-witkoff-face-the-nation-transcript-02-23-2025\/\" style=\"\" rel=\"noopener\">CBS<\/a>. Witkoff plans to arrive Wednesday evening and spend five days visiting Saudi Arabia, Qatar, Egypt, Israel, and the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in phase two? <\/strong>The second phase aims to establish a permanent ceasefire and ensure Hamas cannot return to government, Witkoff said. He added that there are discussions on the physical removal of Hamas from Gaza, though details regarding their destination remain undisclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <a id=\"wwtt1\"><\/a> #1- <\/strong><strong>The Fin<\/strong><strong>ance Ministry<\/strong><strong> tapped HSBC, JPMorgan, and Societe Generale as global coordinators for a EUR-denominated sukuk issuance that can <\/strong><strong>happen as<\/strong><strong> soon as today<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-24\/saudi-government-preps-green-bond-debut-as-debt-spree-carries-on?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a source it says is familiar with the matter. The offerings may include a seven-year green sukuk and a 12-year conventional sukuk, the source said. Additional details on yields and offering size were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This would be the government\u2019s first green bond issuance<\/strong>. Proceeds will go toward financing the Kingdom\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2f55b237-0708-4ab8-882a-d8007b37541a\/government-unveils%253cmark%253e-green-financing%253c%2Fmark%253e-framework-to-boost-sustainability\" style=\"\" rel=\"noopener\">green financing framework<\/a>, unveiled last March. Projects under the framework focus on renewable energy, clean transportation, pollution prevention and control, sustainable water and wastewater management and climate change adaptation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> #2-<\/strong><strong> PIF-o<\/strong><strong>wned <\/strong><strong>Saudi Real Estate Refinance Company (SRC) will be out with its second <\/strong><strong>international sukuk issuance <\/strong><strong>within the next three months<\/strong>, as part of USD 5 bn in issuances lined up for this year, Municipalities and Housing Minister Majid Al Hogail told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/23\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%B3%D9%83%D8%A7%D9%86-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-src-%D8%B3%D8%AA%D8%B5%D8%AF%D8%B1-%D8%B5%D9%83%D9%88%D9%83%D8%A7%D9%8B-%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D8%B9%D8%AF-3-%D8%A3%D8%B4%D9%87%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The move comes after the strong demand seen for the company\u2019s recent USD 2 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d34f9705-cc3a-4723-ad75-1315e23a2b54\/saudi-real-estate-refinance-to-list-usd-2-bn-international-sukuk-on-the-london-stock-exchange\" style=\"\" rel=\"noopener\">issuance<\/a> that was 6x oversubscribed, and will be priced similarly to government bonds, Al Hogail added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Local<\/strong><strong> co<\/strong><strong>ntractors are conducting feasibility studies for the development of dry port facilities and a<\/strong><strong> veterinary quarantine at Oman\u2019s Economic Zone at Al <\/strong><strong>Dhahira (EZAD)<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/02\/23\/article_2757515.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The Public Authority for Special Economic Zones and Free Zones (OPAZ) issued a tender <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9fe529a8-c11e-4449-b3ea-1333134de79a\/\" style=\"\" rel=\"noopener\">last week<\/a> for Omani and Saudi firms interested in the implementation of civil, mechanical, electrical, plumbing, and structural work for the port. The dry port will be operated by Oman Investment Authority subsidiary Asyad Group. The tenders are part of the third phase of a SAR 1.2 bn Saudi-funded infrastructure enhancement plan for EZAD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> The Saudi Fund for Development inked an agreement <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/oman-observer_oman-saudi-mou-to-support-new-economic-zone-activity-7026780637961334784-u-LL\/?originalSubdomain=qa\" style=\"\" rel=\"noopener\">back in 2023<\/a> to finance the construction of EZAD\u2019s infrastructure for SAR 1.2 bn (c. USD 319.9 mn). Saudi Arabia and Oman previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/bb20cc59-a8e4-4156-b823-c3222808b045\" style=\"\" rel=\"noopener\">formed a committee<\/a> to plan for the development of a new integrated economic zone in Dhahirah over an area of 388 sq km. The first phase of the zone will cover 20 sq km and is expected to boost trade with Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Saudi and Omani business leaders gathered in Muscat <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b52f21e2-9d2c-49da-b772-6748c67d7f80\/aiib-mulls-investments-in-gulf-rail-connection-project-%2B-fii-priority-summit-tomorrow\" style=\"\" rel=\"noopener\">earlier this month<\/a> at the Saudi-Omani Joint Business Forum to increase investments between both countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The loc<\/strong><strong>alization rate of <\/strong><strong>Saudi<\/strong><strong> Arabia\u2019s engineering sector hit 39% in 2024<\/strong>, after surpassing its localization target for the year, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/02\/24\/article_2757549.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> quotes Municipalities and Housing Minister spokesperson Seif Al Suwailem as saying. The sector localized 25k engineering and technical jobs in 2024, exceeding its initial target of 16k jobs, with 57k engineers, 105k technicians, and 9.8k women employed by the private sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Saudi\u2019s logistics sector attracted SAR 200 bn in private sector investments since <\/strong><strong>the <\/strong><strong>launch of the National Strategy for Transport and Logistics Services in mid-2021<\/strong>, Transport and Logistic Services Minister Saleh Al Jasser told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/24\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D9%85%D8%B1%D8%A7%D9%83%D8%B2-%D8%A7%D9%84%D9%84%D9%88%D8%AC%D8%B3%D8%AA%D9%8A%D8%A9-%D8%A7%D9%84%D9%81%D8%B9%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D9%89-23-%D9%85%D8%B1%D9%83%D8%B2%D8%A7%D9%8B\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The number of operational logistics centers also rose to 23, pushing the Kingdom up 17 places in the World Bank\u2019s logistics index, with the Kingdom targeting 59 centers by 2030. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s shaping up to be a calm morning in international news<\/strong>, with the main focus on the Trump administration\u2019s shift away from traditional EU allies to warmer ties with Russia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US, EU not on the same page: <\/strong>US President Trump\u2019s meeting with France\u2019s Emmanuel Macron saw the two leaders interrupt each other a few times. Macron <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/macron-arrives-white-house-ukraine-talks-with-trump-2025-02-24\/\" style=\"\" rel=\"noopener\">insisted Ukraine should be compensated<\/a> by Russia as the aggressor, and <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/02\/24\/politics\/video\/emmanuel-macron-interupts-trump-europe-ukraine-money-digvid\" style=\"\" rel=\"noopener\">corrected Trump\u2019s statements<\/a> that Europe \u201cis loaning\u201d the money to Ukraine and will get it back. Meanwhile, Trump said Washington is close to <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/24\/world\/europe\/ukraine-us-mineral-wealth-deal.html\" style=\"\" rel=\"noopener\">snapping up a share of Kyiv\u2019s natural resources<\/a>, with Ukrainian President Volodymyr Zelensky visiting in a few days to sign the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Apple announced yesterday it <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/02\/24\/2025\/apple-pledges-to-spend-500bn-on-manufacturing-in-us-to-avoid-china-tariffs\" style=\"\" rel=\"noopener\">will be investing USD 500 bn<\/a> in the US over the next four years, in a bid to mitigate the impact of tariffs on its supply chains. Trump confirmed that postponed tariffs on Canada and Mexico <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/24\/trump-says-tariffs-on-canada-and-mexico-will-go-forward.html\" style=\"\" rel=\"noopener\">\u201cwill go forward\u201d<\/a> when the delay expires next week.<\/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>The EU agreed to partially lift sanctions on Syria\u2019s energy sector, including oil exports and energy tech imports. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-24\/eu-partially-lifts-sanctions-on-syria-s-oil-industry-some-banks?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<li>JP Morgan will allocate an additional USD 50 bn for direct lending. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/jpmorgan-sets-aside-50-billion-more-direct-lending-push-2025-02-24\/\" style=\"\" rel=\"noopener\">Reuters<\/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\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94716\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15542.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94717\" 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=\"94717\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/salic-now-owns-80-of-singapores-olam-agri-alat-acquires-15-of-tk-elevator\/\">\r\n                            Salic now owns 80% of Singapore\u2019s Olam Agri + Alat acquires 15% of TK Elevator                        <\/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\/25\/salic-now-owns-80-of-singapores-olam-agri-alat-acquires-15-of-tk-elevator\/\" 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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Meanwhile, Alat snapped up a stake in TK Elevator, establishing a JV that will provide manufacturing and training in the Kingdom.<\/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\">SALIC + OLAM AGRI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Salic secures majority in Olam Agri Holdings: <\/strong>PIF-backed <a target=\"_blank\" href=\"https:\/\/salic.com\/\" style=\"\" rel=\"noopener\">Salic<\/a> completed the purchase of an additional 44.6% stake in Singapore\u2019s <a target=\"_blank\" href=\"https:\/\/www.olamagri.com\/\" style=\"\" rel=\"noopener\">Olam Agri Holdings<\/a> for USD 1.78 bn, Olam said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2250.pdf\" style=\"\" rel=\"noopener\">a filing (pdf)<\/a> to the Singapore Exchange. Salic now owns around 80% of Olam Agri Holdings, with Olam Group set to retain the remaining 20% stake. The agreement also grants the PIF-backed firm the right to exercise a call option and buy up all remaining company shares within the next three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Valuation:<\/strong> The transaction values Olam Agri Holdings at USD 4 bn plus additional considerations \u2014 that is at a 23% premium to its current market capitalization and a 14% premium to its USD 3.5 bn valuation when Salic first bought a 35.4% stake in the company back in 2022, according to our maths. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Olam enlisted Rothschild & Co as its lead financial advisor, along with Citigroup Global Markets and the Hongkong and Shanghai Banking Corporation as joint financial advisors for the transaction. WongPartnership provided legal counsel.<\/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\">ALAT + TK ELEVATOR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF\u2019s tech arm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alat.com\/en\/\" style=\"\" rel=\"noopener\">Alat<\/a><\/strong><strong> acquired a 15% stake in global vertical transportation player <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tkelevator.com\/global-en\/\" style=\"\" rel=\"noopener\">TK<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tkelevator.com\/global-en\/\" style=\"\" rel=\"noopener\">Elevator<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tkelevator.com\/global-en\/\" style=\"\" rel=\"noopener\">(TKE)<\/a><\/strong>, according to separate statements (<a target=\"_blank\" href=\"https:\/\/alat.com\/en\/newsroom\/alat-tk-elevator\/\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.tkelevator.com\/global-en\/newsroom\/press-releases\/tk-elevator-and-alat-announce-strategic-joint-venture-to-manufacture-end-to-end-elevator-and-escalator-solutions-in-saudi-arabia-with-alat-also-becoming-a-significant-long-term-shareholder-in-tk-elevator-180416.html\" style=\"\" rel=\"noopener\">here<\/a>). The transaction \u2014 set to be finalized by 3Q 2025 subject to regulatory approvals \u2014 will see the two companies setting up a USD 160 mn JV for mobility products and solutions, backed by a local product development center. The value of the transaction and the names of selling shareholders were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new JV will be headquartered in the Kingdom<\/strong>, and will gradually roll out local production of elevators, escalators, and moving walkways for Saudi and wider regional markets. This would mark the first-ever elevator and escalator manufacturing operation in the Kingdom by a global company, the statements said.<\/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> Although financial details are scant, the acquisition gives TKE an equity value of some USD 12.6 bn, rising to USD 24.1 bn when taking into account the company\u2019s net debt, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-24\/saudi-wealth-fund-s-alat-unit-buys-15-stake-in-tk-elevator\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported, citing sources 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\">\n<p class=\"tag-border-left\">ALSO ON OUR M&A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DHL eCommerce snapped up an undisclosed minority stake in local parcel logistics <\/strong><strong>player <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aj-ex.com\/\" style=\"\" rel=\"noopener\">Ajex<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2319.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. The move comes in a bid to support DHL eCommerce\u2019s \u201cexpansion into the rapidly growing Saudi Arabian e-commerce parcel market,\u201d the statement said. DHL eCommerce has also locked in an option to upgrade its holdings in Ajex to a majority stake. No financial ticket or timeline for the transaction were disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Ajex:<\/strong> Active since 2021, the outfit offers warehousing, cold chain logistics, and healthcare solutions, while also offering express distribution, e-commerce, and multi modal freight services. Ajax operates in Saudi Arabia, UAE, Bahrain, US, UK, Turkey, South Africa, and China, with upwards of 50 facilities, 900 vehicles, and a 1.5k person team.<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/salic\/\">Salic<\/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=\"94719\" 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=\"94719\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/\">\r\n                            FAB, BMI put in their predictions for the Kingdom\u2019s growth prospects in 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/')\">\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\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/\">\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=FAB, BMI put in their predictions for the Kingdom\u2019s growth prospects in 2025&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/\">\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\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/&title=FAB, BMI put in their predictions for the Kingdom\u2019s growth prospects in 2025\">\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=FAB%2C+BMI+put+in+their+predictions+for+the+Kingdom%E2%80%99s+growth+prospects+in+2025+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F25%2Ffab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025%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\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94720\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/fab-bmi-put-in-their-predictions-for-the-kingdoms-growth-prospects-in-2025\/1171-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1171.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94719\" class=\"content-area-description single-story post-94719 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-gcc tag-gdp 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\/.5f5fbcfc-a087-4afb-b033-353f6305c88e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>FAB, B<\/strong><strong>MI have high hopes for the Kingdom\u2019s growth prospects: <\/strong>First Abu Dhabi Bank (FAB) and Fitch Solutions\u2019 research unit BMI penciled in predictions of Saudi Arabia\u2019s economy growing by 4.6% and 4.4%, up from respective estimates of 1.5% and 1.3% growth in 2024, according to FAB\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2116.pdf\" style=\"\" rel=\"noopener\">2025 Global Investment Outlook report (pdf)<\/a> and BMI\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2143.pdf\" style=\"\" rel=\"noopener\">Mena Monthly Outlook (pdf)<\/a>. BMI\u2019s projection would place the Kingdom as the second-best performing economy in the GCC, right after the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the growth:<\/strong> \u201cThe non-oil economy will grow by 4.8% in 2025 as the PIF reallocates capital towards domestic projects aligning with Vision 2030 goals, providing a significant boost to investment. Meanwhile, consumers will continue to benefit from structural improvements in the labour market,\u201d BMI said. Echoing a similar view, FAB said that the expansion of the non-oil economy is \u201cthe primary driver of real GDP growth\u201d in the Kingdom.       <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uncertainty over oil prices poses a risk:<\/strong> A significant dip in energy prices would cut growth by \u201cprompting the extension of Opec+ restrictions beyond 2Q,\u201d BMI said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and Saudi Arabia topped FAB\u2019s \u201ccountry preference,\u201d<\/strong> but the bank said it also remains optimistic about emerging opportunities in Kuwait, Qatar, and Bahrain. For FAB, the \u201cgovernment\u2019s focus on value-added hydrocarbon products, clean energy initiatives and policies supporting the non-oil sector creates a positive outlook for the market.\u201d In addition, the Kingdom's \u201ctechnology-driven initiatives, spanning digitization, cloud computing, cybersecurity and space systems, continue to propel further growth.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>These predictions are more optimistic than most:<\/strong> The World Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/25106b13-370f-4dc2-8073-cc7e7e3f9db1\/world-bank-revises-down-saudi%253cmark%253e-growth%253c%2Fmark%253e-projections-to-3.4%2525-in-2025\" style=\"\" rel=\"noopener\">sees<\/a> the Kingdom\u2019s economy growing to 3.4% this year, while the IMF has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7cb585e6-9177-4969-a374-3b0811a98735\/imf-lowers-real-gdp-growth-projections-to-3.2%2525-in-2025\" style=\"\" rel=\"noopener\">slashed<\/a> its 2025 growth predictions to 3.2% in its recent World Economic Outlook Update.<\/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\">ON THE GCC FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FAB<\/strong><strong>, BMI see growth doubling across the GCC this year:<\/strong> FAB and BMI both penciled in a prediction of growth in the GCC reaching 4.2% in 2025, up from their respective growth estimates of 1.8% and 2.1% last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FAB<\/strong><strong> sees the growth being driven by \u201crising\/stable oil prices and enhanced non-oil e<\/strong><strong>conomic contributions,\u201d <\/strong>with investments in tech, healthcare,financial services, and other sectors in GCC countries \u2014 particularly in the UAE and Saudi Arabia \u2014 projected to fuel future GDP growth, FAB\u2019s report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FAB<\/strong><strong>\u2019s outlook for the GCC is more optimistic than others:<\/strong> Emirates NBD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1e137785-9c96-4ced-b0c3-f6aa041c2bf2\/non-oil-economy-to-grow-5%2525-this-year--emirates-nbd\" style=\"\" rel=\"noopener\">sees<\/a> headline growth in the GCC accelerating to 3.5% y-o-y this year. Meanwhile, the World Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/573e5fc8-6799-4204-b732-52aef28346a1\/uae-economy-to-expand-5-6%2525-this-year--al-marri\" style=\"\" rel=\"noopener\">projected<\/a> 3.4% growth for the bloc this year and 4.1% growth in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors cannot afford to sleep on the GCC:<\/strong> For the region as a whole, a \u201cstrategic focus on economic diversification, infrastructure development and technological advancement positions the region as an emerging investment hub,\u201d FAB said, adding that equity investors can unlock significant prospects within the region. \u201cAs the GCC continues to evolve, investors will not only need to embrace its complexities, but also recognize the vast potential for growth and long-term rewards,\u201d the report concluded.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong relations with Trump could bear economic fruit: <\/strong>\u201cTrump holds good relations with Gulf markets' leaders, with Trump-related organizations heavily invested in Gulf markets like Saudi Arabia, the UAE and Oman. This could possibly materialise in economic and political benefits during his tenure,\u201d according to BMI.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94721 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"94721\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/94721\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94721\" class=\"content-area-description single-story post-94721 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94722\" 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=\"94722\">\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\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/on-sectors-driving-growth-in-local-market-untapped-potential-in-real-estate-and-shift-in-investors-mix\/\">\r\n                            On sectors driving growth in local market, untapped potential in real estate, and shift in investors mix                        <\/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\/25\/on-sectors-driving-growth-in-local-market-untapped-potential-in-real-estate-and-shift-in-investors-mix\/\" 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 sat down with EFG Hermes\u2019 Head of Research Ahmed Shams El Din (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ahmed-shamseldin\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) on the sidelines of the Capital Markets Forum (CMF) 2025 in Riyadh to discuss the future of the Kingdom\u2019s growing markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shams El Din emphasized the role of regulatory reforms, institutional growth, and increasing foreign investment<\/strong> in driving this development. We also discussed the growing importance of M&amp;A as a means to consolidate the market, particularly in the real estate sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Positive outlook on the Saudi market: <\/strong>We are really optimistic about the Saudi market right now. The Saudi economy is performing well, thanks to diversification efforts. Growth in the non-oil sector, driven largely by population growth and tourism, is exceeding our expectations. This has had a positive impact on the equity market, with increased demand and employment fueling this progress.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased foreign + institutional investment: <\/strong>Foreign investors now account for about 15% of daily transactions on the exchange, which is a big improvement. Ten years ago, retail investors dominated the market, making up 95% of turnover. Today, institutional investors represent around 25-30% of the market, which is a huge shift. This increase in institutional participation makes the market more efficient and liquid, and it's a result of regulatory reforms and increased openness to foreign investors. Saudi Arabia\u2019s upgrades to MSCI and FTSE emerging market indices and the restructuring of the domestic asset management industry have all contributed to this positive change.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sectors driving growth: <\/strong>The population boom has been a major factor in the rally of consumer stocks and the broader financial sector. Healthcare and ins. are also showing positive trends, thanks to ongoing regulatory reforms. Recently, the real estate and hospitality sectors have started to see growth, driven by significant activity in these areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regulatory reforms in real estate: <\/strong>There have been some important regulatory changes in the real estate sector. Developers can now plan sales more easily, and foreigners can buy stocks in companies operating in Makkah and Madinah, which has created a positive sentiment around these stocks. More regulatory improvements are expected, such as changes to mortgage laws and better relations between buyers and developers, particularly in off-plan sales. This is a new concept for Saudi Arabia, as the market used to be dominated by land sales and cash-based transactions. The introduction of master-planned communities is giving buyers more financing options beyond traditional mortgages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next big thing for the real estate sector:<\/strong> One key development in the real sector would be to allow foreigners, particularly non-residents, to buy property directly, similar to the case in cities like Dubai. Currently, non-Saudis can buy property in selective cases, but must sell it back to a Saudi if they leave the country. Allowing foreigners to buy directly could create a more active secondary market, which is essential for boosting liquidity. This move would mirror what happened in Abu Dhabi, where relaxed regulations have led to a significant rise in unit sales, and it's something we expect to happen in the Kingdom as well. The real estate sector is set for even more growth, with many IPOs expected in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supply and demand imbalance: <\/strong>While the demand is there, the supply side is still fragmented. There are a few established developers like Tadawul-listed Retal, but the focus on master-planned community development has only emerged recently. Larger conglomerates, such as Al Akaria, are involved in various sectors but haven\u2019t focused much on community development. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The need for M&amp;A and consolidation:<\/strong> The real challenge for developers is access to prime land, much of which is held by government entities or wealthy families. Smaller developers often lack the financial resources or access to land to capitalize on demand. To overcome this, consolidation will be necessary, reducing the number of small players and creating a few major companies with the financial muscle to drive large-scale developments. As the market becomes more sophisticated, having strong balance sheets will be crucial for developers. Partnerships with other developers, the government, and institutions like Roshn and the National Housing Company will also become increasingly important.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The booming construction and hospitality sectors:<\/strong> The Saudi construction and hospitality sectors are also poised for strong growth, with the region\u2019s construction project backlog close to USD 500 bn, more than 50% of it in the Kingdom. Despite potential delays, there are substantial prospects for contractors, especially as the country\u2019s fast-paced development continues. The competitive landscape is encouraging, and we expect more contractors to list their companies, which will deepen the market and boost investor sentiment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shift toward bottom-up funding: <\/strong>Traditionally, Saudi Arabia\u2019s economy has been supported by top-down funding, with oil revenues and the Public Investment Fund (PIF) investing in key sectors. However, as oil prices fluctuate, there\u2019s a shift toward bottom-up funding. This means developing a more active secondary market for private debt and encouraging individual investors and family offices to fund startups and other economic ventures. This could be a key chance for the fintech sector, which we\u2019re very excited about. We expect to see more investments, from peer-to-peer lending to investment funds and ETFs.<\/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\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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=\"94724\" 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=\"94724\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/al-ahsa-forum-2025-unveils-sar-50-bn-in-investment-prospects\/\">\r\n                            Al Ahsa Forum 2025 unveils SAR 50 bn in investment prospects                        <\/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 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            <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/al-ahsa-forum-2025-unveils-sar-50-bn-in-investment-prospects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2391.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94725\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/al-ahsa-forum-2025-unveils-sar-50-bn-in-investment-prospects\/2391-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2391.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2391.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2391.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2391.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94724\" class=\"content-area-description single-story post-94724 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-al-ahsa tag-energy tag-enterpriseam-ksa tag-investment-watch tag-jafurah 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\/.75a29ba8-efe3-4287-bf48-4c2fa5389e6a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>The <\/strong><strong>Al Ahsa For<\/strong><strong>um 2025 wrapped up last week<\/strong>, showcasing 59 investment prospects worth some SAR 50 bn and facilitating 29 cooperation agreements across tourism, real estate, transportation, logistics, manufacturing, and agriculture, according to a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/press-releases\/11355-al-ahsa-investment-forum-2025-unveils-3-7-billion-in-investment-opportunities-2025-02-22\/\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The forum concluded with a set of recommendations<\/strong>, including a collaboration with Saudi Aramco to develop a localization program and to qualify companies linked to Al Jafurah, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/ahsachamber\/status\/1893224459210817915\/photo\/1\" style=\"\" rel=\"noopener\">post on X<\/a>. Also on the cards are collaborations to develop a logistics zone in the province, an industrial incubator, tourism marketing, business models for oasis agriculture, and the expansion of industrial cities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next for Al Ahsa? <\/strong>The Energy ministry plans to tender an integrated gas and LNG storage facility in Al Ahsa, with projected annual sales of 2 mn barrels by 2030, Assistant Minister of Energy for Petroleum and Gas Affairs Mohammed Al-Ibrahim said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Al Jafurah gas field development project, Al Ahsa\u2019s mega energy endeavor, is also set to see <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\">total investments exceeding USD 100 bn<\/a> over the next 15 years, aiming to contribute USD 23 bn annually to Saudi Arabia\u2019s GDP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ahsa by the numbers:<\/strong> Foreign investment licenses in the region have reached 183, with total investments surpassing SAR 2.5 bn. Al Ahsa also accounted for 12% of the Kingdom\u2019s agricultural GDP in 2024, valued at USD 29.9 bn, and became the first Saudi region to achieve full water sustainability.<\/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\/\">Al Ahsa<\/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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jafurah\/\">Jafurah<\/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=\"94726\" 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=\"94726\">\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\">AVIATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/\">\r\n                            Air traffic up 15% in 2024 + Saudia has lowest complaint rate in January                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Air traffic up 15% in 2024 + Saudia has lowest complaint rate in January&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/&title=Air traffic up 15% in 2024 + Saudia has lowest complaint rate in January\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Air+traffic+up+15%25+in+2024+%2B+Saudia+has+lowest+complaint+rate+in+January+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F25%2Fair-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1740.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94727\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/air-traffic-up-15-in-2024-saudia-has-lowest-complaint-rate-in-january\/1740-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1740.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1740.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1740.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1740.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94726\" class=\"content-area-description single-story post-94726 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-enterpriseam-ksa tag-general-authority-of-civil-aviation-gaca 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\/.a954b696-61e3-4d5d-ac1b-8ebcf97c9249.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Air traffic across Saudi airports increased 15% y-o-y to 128 mn <\/strong><strong>passengers in 2024<\/strong>, according to Gaca\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2135.pdf\" style=\"\" rel=\"noopener\">air traffic report (pdf)<\/a>. The Kingdom\u2019s airports also saw 11% y-o-y growth in flight numbers to 905k during the same period, with a 16% y-o-y rise in air connectivity to 170 global destinations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>KSA\u2019s four main airports accounted for 82% of total air traffic, with the following passenger distributions:<\/p>\n<ul>\n<li>Jeddah\u2019s King Abdulaziz International Airport handled 49.1 mn passengers \u2014 the highest among all airports \u2014 accounting for 38% of all total passengers in Saudi air traffic. This amounts to 98% of the airport\u2019s total capacity of roughly 50 mn passengers.<\/li>\n<li>Riyadh\u2019s King Khalid International Airport handled the second most passengers at nearly 38 mn, at roughly 29% of total passengers. This makes up 96.4% of the airport\u2019s capacity of 39 mn passengers.<\/li>\n<li>Dammam\u2019s King Fahd International Airport came in third place, handling almost 13 mn passengers, or around 10% of total passengers. The airport utilized 101% of its capacity, exceeding the total capacity of 12.6 mn passengers.<\/li>\n<li>Medina\u2019s Prince Mohammad bin Abdulaziz International Airport handled 11 mn passengers, or around 9% of total passengers. The airport utilized 122% of its 9 mn passenger capacity.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for air cargo: <\/strong>Saudi airports recorded a 34% y-o-y boost in air cargo, reaching 1.2 mn tons in 2024, with 1.17 mn tons handled by the Kingdom\u2019s largest-three airports. King Khalid International Airport handled 573k tons, while King Abdulaziz International Airport handled 461k tons, and King Fahd International Airport handled 140k tons.<\/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\">COMPLAINTS IN JANUARY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Air carrier complaints rose 5.4% y-o-y in January 2025 to around 1.5k<\/strong>, up from 1.4k in the same period last year, according to our own calculations based on a <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1892636667996987526\" style=\"\" rel=\"noopener\">report<\/a> from Gaca. Meanwhile, airport complaints increased 19% y-o-y during the same month to 129.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudia Airlines achieved the lowest complaint rate in January<\/strong>, with 26 complaints registered per 100k passengers, compared to last year\u2019s 29. Flynas came in second with 32 complaints registered per 100k passengers, up from last year\u2019s 21 complaints. Flyadeal landed in third place, reporting 37 complaints per 100k passengers, down from 51 last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three-way tie for airports: <\/strong>Among international airports handling upwards of 6 mn passengers annually, a three-way tie saw King Khaled International Airport, Prince Mohammed International Airport, and King Abdulaziz International Airport all report one complaint per 100k passengers each. King Abdulaziz had the highest actual number of actual complaints, at 41.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For international airports handling less than 6 mn passengers annually<\/strong>, Taif International Airport and Prince Sultan International Airport both reported one complaint per 100k passengers, the lowest for the month. Najran International Airport logged six complaints per 100k passengers, the highest among the group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Aviation joins the digital push:<\/strong> Gaca has launched Ajwa, a digital platform to streamline services, enhance efficiency, and foster a comprehensive digital environment in the aviation sector, it said in <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1892292263906087144\" style=\"\" rel=\"noopener\">a post on X<\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/general-authority-of-civil-aviation-gaca\/\">General Authority of Civil Aviation (GACA)<\/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=\"94728\" 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=\"94728\">\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\/25\/ades-nadec-lumi-and-yansab-report-full-year-earnings\/\">\r\n                            ADES, Nadec, Lumi, and Yansab report full-year 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\/25\/ades-nadec-lumi-and-yansab-report-full-year-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\/25\/ades-nadec-lumi-and-yansab-report-full-year-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\/25\/ades-nadec-lumi-and-yansab-report-full-year-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=ADES, Nadec, Lumi, and Yansab report full-year earnings&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/ades-nadec-lumi-and-yansab-report-full-year-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\/25\/ades-nadec-lumi-and-yansab-report-full-year-earnings\/&title=ADES, Nadec, Lumi, and Yansab report full-year 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=ADES%2C+Nadec%2C+Lumi%2C+and+Yansab+report+full-year+earnings+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F25%2Fades-nadec-lumi-and-yansab-report-full-year-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\/25\/ades-nadec-lumi-and-yansab-report-full-year-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/959.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94729\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/ades-nadec-lumi-and-yansab-report-full-year-earnings\/959-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/959.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"959.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/959.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/959.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94728\" class=\"content-area-description single-story post-94728 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-ades-holding tag-earnings-watch tag-enterpriseam-ksa tag-lumi-rental tag-national-agricultural-development-company-nadec 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\/.e57588bf-7f74-47ae-a656-f8ac07c7ef64.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\">ADES HOLDING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Egypt-<\/strong><strong>born Ades Holding\u2019s net income was <\/strong><strong>up 80.5% y-o-y to<\/strong><strong> SAR 816.2 mn in 2024<\/strong> on the back of solid EBITDA gains and lower financing costs relative to revenue, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2224.pdf\" style=\"\" rel=\"noopener\">an earnings release (pdf)<\/a>. Revenues also rose 43.1% to SAR 6.2 bn over the same period, driven by expansion in offshore activities in Saudi Arabia and new rig deployments in India and Indonesia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead<\/strong>: The company is optimistic about industry trends, anticipating higher incomes from active tendering in key regions such as Southeast Asia, the Middle East, and West Africa. Despite \u201congoing global economic uncertainties\u201d the firm\u2019s strategic focus is doubling down on \u201clong-term fundamentals, operational agility, and financial discipline\u201d in a bid to capitalize on new prospects, the release said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> Ades Holding\u2019s BoD is distributing SAR 242.2 mn in interim dividends for 2H 2024 at SAR 0.22 apiece, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85388&anCat=1&cs=2382&locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to Tadawul. Distribution is scheduled for Monday, 24 March 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ades\u2019 Saudi operations account for 60% of its revenue in 2024<\/strong>, while global markets accounted for 23%, CEO Mohamed Farouk told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/24\/-%D8%A3%D8%AF%D9%8A%D8%B3-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-60-%D9%85%D9%86-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D8%A3%D8%AA%D9%8A-%D9%85%D9%86-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The company is currently participating in 60 global tenders as it looks to increase its market share in the offshore drilling sector, Farouk added.<\/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\">NADEC-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agri-fo<\/strong><strong>od giant National Agricultural Development Company (Nadec)\u2019s net income grew <\/strong><strong>156.5% y-o-y at SAR 774.6 mn in FY2024<\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2234.pdf\" style=\"\" rel=\"noopener\">an earnings release (pdf)<\/a>. The growth came on the back of SAR 103.2 mn in gains from selling its shares in Arabian Mills IPO and SAR 253.3 mn in fair value gain on its remaining shares, the release said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, revenues inched up 0.7% to SAR 3.2 bn over the same period<\/strong>, driven by sales from the new protein segment, which were partially offset by declines in the dairy, beverages and agriculture segments.<\/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\">YANSAB-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yanb<\/strong><strong>u National Petrochemical Co. (YANSAB) is back in the black with a net income <\/strong><strong>of <\/strong><strong>SAR 420.3 mn in 2024<\/strong>, rebounding from a SAR 485.1 mn loss in 2023, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2297.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The rebound was fueled by higher production and sales, as well as higher average prices that offset a rise in the prices of production inputs. Meanwhile, revenues were up 36% over the same period at SAR 6.16 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the uptick?<\/strong> The company\u2019s performance in 2023 was affected by scheduled preventive maintenance from 10 January to 2 March, and temporary shutdowns announced on August 21 and 4 September.<\/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\">LUMI RENTAL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lumi <\/strong><strong>Rental\u2019s net income grew 12.3% y-o-y to SAR 180.3 mn in FY 2024<\/strong>, despite higher financing costs from rising interest rates and borrowings, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2237.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Meanwhile, revenues were up 40.2% at SAR 1.55 bn over the same period due to gains across all business segments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bottom line nearly doubled in 4Q:<\/strong> Net income rose 93% y-o-y in 4Q 2024 to SAR 49 mn, the release said. Meanwhile, revenues were up 28% y-o-y at SAR 402 mn driven by solid performance across all segments.<\/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\/ades-holding\/\">Ades Holding<\/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\/lumi-rental\/\">Lumi Rental<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-agricultural-development-company-nadec\/\">National Agricultural Development Company (Nadec)<\/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=\"94730\" 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=\"94730\">\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\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/\">\r\n                            Al Babtain closes SAR 622 mn transmission towers contract                        <\/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\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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contract&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/\">\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\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/&title=Al Babtain closes SAR 622 mn transmission towers contract\">\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=Al+Babtain+closes+SAR+622+mn+transmission+towers+contract+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F25%2Fal-babtain-closes-sar-622-mn-transmission-towers-contract%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\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2385.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94731\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/2385-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2385.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2385.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2385.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2385.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94730\" class=\"content-area-description single-story post-94730 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-aces-nh tag-al-babtain-power-and-telecom tag-also-on-our-radar tag-balady-poultry tag-bawan-company tag-enterpriseam-ksa tag-lola tag-national-water-company-nwc tag-nokia tag-real-estate-development-fund tag-real-estate-general-authority tag-tiktok 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\/.634b2474-7935-43df-bf2f-c4115bb241bf.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\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.al-babtain.com.sa\/\" style=\"\" rel=\"noopener\">Al-Babt<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.al-babtain.com.sa\/\" style=\"\" rel=\"noopener\">ain Pow<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.al-babtain.com.sa\/\" style=\"\" rel=\"noopener\">er and Telecom<\/a><\/strong><strong> inked a SAR 622 mn contract to supply steel overhead <\/strong><strong>transmission towers to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ssem.com.sa\/\" style=\"\" rel=\"noopener\">Saudi Services for Electro Mechanical Works<\/a><\/strong> for the third portion of the 500 kV LCC HVDC overhead transmission line for the COA-SOA Interconnection Link, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85402&anCat=1&cs=2320&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The 24-month contract includes design, testing, manufacturing, and supply.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al-Babtain has been busy: <\/strong>Earlier this month, Al Babtain Power and Telecom signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b17f8aa9-dae2-49d6-87f1-09ffd763b23b\/saudia-to-lease-two-new-plots-at-heathrow-this-year\" style=\"\" rel=\"noopener\">SAR<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b17f8aa9-dae2-49d6-87f1-09ffd763b23b\/saudia-to-lease-two-new-plots-at-heathrow-this-year\" style=\"\" rel=\"noopener\">390 mn<\/a> contract with Larsen & Toubro to supply steel towers for the 500kV COA-SOA interconnection line. The company also secured a SAR 777.2 mn contract with Hyundai Engineering and Construction (Hyundai E&C) in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1bd9dda0-7973-447f-bf01-dc1b706c5121\/ezditek,-gcore-to-establish-an-ai-factory-in-the-kingdom\" style=\"\" rel=\"noopener\">November<\/a> to supply 500kV HVDC overhead transmission lines.<\/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>PIF-own<\/strong><strong>ed National Water Company (NWC) launched 4 projects worth a combined <\/strong><strong>SAR <\/strong><strong>323 mn in the Taif governorate<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.nwc.com.sa\/En\/MediaCenter\/News\/Pages\/4projects-inTaif.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The water and environmental projects included an 18 km sewage transmission line worth upwards of SAR 202.3 mn, a SAR 65.7 mn reservoir with a 100k cubic meter capacity, and two sewage feeder lines networks \u2014 a 34.8 km network worth over SAR 36.5 mn and a 16.5 km network that costs over SAR 19.1 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>NWC rolled out 20 projects in Jazan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/01925b8d-db72-4a91-bd9a-6c61a5b2f13e\/jazan-unveils-sar-4.7-bn%253cmark%253e-water%253c%2Fmark%253e,-agriculture,-and-environmental-projects\" style=\"\" rel=\"noopener\">last month<\/a> valued at SAR 607 mn, featuring 10 water infrastructure initiatives costing SAR 238 mn, such as raw water intake at Jazan Valley Dam and network expansions. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ff3fa27f-23ba-41c1-b23a-a4099886ba95\/nwc-launches-sar-11.6-bn-worth-of%253cmark%253e-water%253c%2Fmark%253e-projects-in-the-provinces\" style=\"\" rel=\"noopener\">In December<\/a>, the company launched water and sanitation projects worth SAR 11.6 bn across the Kingdom\u2019s Aseer, Qassim, and Al Baha provinces.<\/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\">INVESTMENT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MIS divests from OpenAI stake with USD 3.4 mn gain: <\/strong>Tadawul-listed Al Moammar Information Systems (MIS) fully exited its investment in ChatGPT-owner <a target=\"_blank\" href=\"https:\/\/openai.com\/\" style=\"\" rel=\"noopener\">OpenAI<\/a>, selling its entire stake for USD 8.4 mn, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85399&anCat=1&cs=7200&locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to the exchange. The identity of the buyer was not disclosed. The transaction \u2014 executed at a USD 3.4 mn gain on the tech firm\u2019s initial USD 5 mn investment \u2014 will be reflected in MIS\u2019s 1Q results.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The divestment is in line with the company\u2019s broader strategy to reallocate capital into new investments, like its newly-set-up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/88cc5407-4bc7-47a1-bcc0-1725059c591d\/\" style=\"\" rel=\"noopener\">SAR<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/88cc5407-4bc7-47a1-bcc0-1725059c591d\/\" style=\"\" rel=\"noopener\">40 mn AI fund<\/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\">FOOD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Balady<\/strong><strong> P<\/strong><strong>oultry awards EUR 7 mn contract for poultry waste treatment to Harslev:<\/strong> <a target=\"_blank\" href=\"https:\/\/balady-sa.com\/?lang=en\" style=\"\" rel=\"noopener\">Balady<\/a><a target=\"_blank\" href=\"https:\/\/balady-sa.com\/?lang=en\" style=\"\" rel=\"noopener\">Poultry Trading Co.<\/a> has contracted Danish poultry waste treatment firm <a target=\"_blank\" href=\"https:\/\/haarslev.com\/\" style=\"\" rel=\"noopener\">Harslev<\/a> to supply and install solid waste treatment lines for its new slaughterhouse and meat factory under a EUR 7 mn contract, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85381&anCat=1&cs=9559&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The 60-week contract covers waste treatment for 500k birds per day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The slaughterhouse and meat factory are part of <\/strong>a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7baa83c8-1fe8-4f2c-8786-054b1e3e89d2\/%253cmark%253ebalady%253c%2Fmark%253e-poultry-to-embark-on-sar-1.1-bn-expansion-plan\" style=\"\" rel=\"noopener\">SAR 1.1 bn expansion<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7baa83c8-1fe8-4f2c-8786-054b1e3e89d2\/%253cmark%253ebalady%253c%2Fmark%253e-poultry-to-embark-on-sar-1.1-bn-expansion-plan\" style=\"\" rel=\"noopener\">plan<\/a> laid out by Balady Poultry earlier this month to boost its poultry production over five years. The plan also includes 600 broiler chicken coops and two hatcheries with an annual capacity of 100 mn sauces each.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahrai<\/strong><strong>n-based cake-ordering app <\/strong><strong><a target=\"_blank\" href=\"https:\/\/lola.do\/splash\" style=\"\" rel=\"noopener\">Lola<\/a><\/strong><strong> raised USD 1.3 mn in a pre-seed investment <\/strong><strong>round <\/strong>in partnership with Vision Ventures, Plus VC, and unnamed strategic angel investors, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lola-secures-13mln-to-redefine-cakes-ordering-experience-in-the-gcc-and-accelerate-growth-in-saudi-arabia-ae0ebbbl\" style=\"\" rel=\"noopener\">press release<\/a>. The funds will support the startup's expansion into Jeddah, the Eastern Province, and other GCC markets, following successful launches in Riyadh and the UAE. Proceeds from the round will also go towards improving the startup\u2019s platform, recruitment, and improving logistics.<\/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\/aces-nh\/\">Aces-NH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-babtain-power-and-telecom\/\">Al-Babtain Power and Telecom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/balady-poultry\/\">Balady Poultry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bawan-company\/\">Bawan Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/lola\/\">Lola<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-water-company-nwc\/\">National Water Company (NWC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nokia\/\">Nokia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate-development-fund\/\">Real Estate Development Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate-general-authority\/\">Real Estate General Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tiktok\/\">TikTok<\/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=\"94732\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"94732\">\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\/25\/its-qatars-turn-to-stake-its-claim-in-global-finance\/\">\r\n                            It\u2019s Qatar\u2019s turn to stake its claim in global finance                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2361.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94733\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/its-qatars-turn-to-stake-its-claim-in-global-finance\/2361-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2361.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2361.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2361.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2361.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94732\" class=\"content-area-description single-story post-94732 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-ksa tag-financial-markets tag-jpmorgan tag-planet-finance 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\/.f8b55769-78b2-43c3-9803-41350afd5244.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Qatar wants a slice of the cake: <\/strong>It\u2019s Qatar\u2019s turn to stake its claim in global finance, as its sovereign wealth fund pours capital into firms, drawing financiers to set up shop in Doha in exchange for backing, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/78956360-bd22-499c-a6e5-b21066a2db54\" style=\"\" rel=\"noopener\">Financial Times<\/a> writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Qatar Investment Authority (QIA) has already committed nearly half of its USD 1 bn <\/strong><strong>fund-of-funds to attract VCs<\/strong>, aiming to turn the country into a regional VC hub. \u201cThere is a different level of engagement when [the partners] are prepared to invest into the country and help diversify your own economy,\u201d said Mohsin Pirzada, head of funds at the QIA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Gulf state is following in the footsteps of its regional rivals, Saudi Arabia and Abu <\/strong><strong>Dhabi<\/strong>, which have used their sovereign wealth funds to bring global finance players into their markets. Saudi Arabia\u2019s Public Investment Fund and BlackRock launched BlackRock Riyadh Investment Management last year after the PIF committed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/21971744-56a6-435d-a24e-362419866213\/%253cmark%253eblackrock%253c%2Fmark%253e-hits-usd-5-bn-jackpot-with-pif\" style=\"\" rel=\"noopener\">USD 5 bn to BlackRock<\/a> and Abu Dhabi has become a magnet for hedge funds and asset managers like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a66d5bc8-f2e5-433f-bdaf-d0ec78b84ef6\/abu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots\" style=\"\" rel=\"noopener\">Brevan Howard<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e533d0f-095c-4daa-98e4-a4e8644bf08d\/us-asset-manager%253cmark%253e-pgim%253c%2Fmark%253e-launches-first-regional-office-in-adgm#:~:text=PGIM%20opens%20first,the%20local%20entity.\" style=\"\" rel=\"noopener\">PGIM<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Now, Qatar\u2019s making its own push \u2014 backing six VC firms so far<\/strong>, including Builders VC and B Capital. Two have already opened offices in Doha, while the others are finalizing their move. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar isn\u2019t just looking at venture capital \u2014 it also wants private equity-backed <\/strong><strong>companies to set up shop.<\/strong> \u201cIf these underlying companies want to expand into the Middle East, then we would roll out the red carpet and say, consider Doha as a choice,\u201d Pirzada said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar\u2019s latest play for venture capital aligns with other Gulf nation\u2019s ambitions to <\/strong><strong>diversify their economies<\/strong>, with Pirzada calling the intra-regional competition to attract fund managers \u201chealthy.\u201d<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are broadly in the red in early trading this morning <\/strong>\u2014 Japan\u2019s Nikkei is down 1%, the Shanghai Composite is looking at losses of 0.5%, the Hang Seng is down 1.9%, and the Kospi is down 0.2%. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,319<\/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: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,545<\/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: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,398<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -0.3%)<\/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>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-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>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,925<\/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: +4.0%)<\/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>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\">9,595<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +1.9%)<\/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>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\">5,335<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +3.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,983<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +1.7%)<\/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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,454<\/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: +11.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 74.88<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.99<\/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\">-5.7%<\/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>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 2,969<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/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 93,246<\/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% (YTD: +0.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 0.6% <strong>yesterday <\/strong>on turnover of SAR 7 bn. The index is up 2.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Lumi (+4.4%), ANB (+3.0%) and Ades (+2.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Chubb (-7.6%), Nadec (-5.6%) and APC (-5.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 0.2% <strong>yesterday <\/strong>on turnover of SAR 43.3 mn. The index is down 0.3% 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> Tharwah (+6.0%), Leaf (+5.9%) and Rawasi (+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> Fadeco (-8.5%), Sama Water (-6.5%) and iOud (-6.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf Un<\/strong><strong>ion Alahlia Cooperative Ins. received the green light from the CMA to increase its <\/strong><strong>capital to SAR 687.2 mn, up from SAR 458.9 mn, by issuing 22.8 mn shares<\/strong> to merge Gulf General Cooperative Ins. assets and liabilities into Gulf Union Alahlia Cooperative Ins. via a securities exchange offer, the CMA said in a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/Market\/News\/pages\/CMA_N_3740.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The move is still pending approval from Gulf Union Alahlia\u2019s shareholders.<\/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\/jpmorgan\/\">JPMorgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94734\" 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\/25\/94734\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94734\" class=\"content-area-description single-story post-94734 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>24-25 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aerospaceconnectforum.com\/\" style=\"\">Aerospace Connect Forum<\/a><\/span><span>, Jeddah. <\/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>FAB, BMI on Saudi growth in 2025 | Al Ahsa 2025 | Air traffic up 15% in 2024 | More earnings.<\/p>\n","protected":false},"featured_media":94713,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-94712","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f223a185-96bc-42cd-9cd8-f9abe1e05ca9","teaser":"FAB, BMI on Saudi growth in 2025 | Al Ahsa 2025 | Air traffic up 15% in 2024 | More earnings.","photo_url":"https:\/\/ent.news\/2025\/2\/2339.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Salic now owns 80% of Singapore\u2019s Olam Agri + Alat acquires 15% of TK Elevator - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/salic-now-owns-80-of-singapores-olam-agri-alat-acquires-15-of-tk-elevator\/\" \/>\n<meta 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