{"id":94755,"date":"2025-02-26T00:00:00","date_gmt":"2025-02-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=94755"},"modified":"2025-12-14T20:23:36","modified_gmt":"2025-12-14T20:23:36","slug":"non-oil-exports-up-8-2-in-4q-2024","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/non-oil-exports-up-8-2-in-4q-2024\/","title":{"rendered":"Non-oil exports up 8.2% in 4Q 2024"},"content":{"rendered":"<section id=\"94757\" 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=\"94757\">\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\/26\/middle-east-will-need-more-aircrafts-in-the-next-20-years-airbus-president\/\">\r\n                            THIS MORNING: Middle East will need more aircrafts in the next 20 years -Airbus President                        <\/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\/26\/middle-east-will-need-more-aircrafts-in-the-next-20-years-airbus-president\/\" 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 is almost over, and the holy month is almost here. We have a packed issue for you today, with the latest international trade data out from Gastat, and Saudi Arabia launching its first EUR-denominated green sukuk issuance. Let\u2019s dive in.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Qasr Al Hokm Metro Station in central Riyadh goes live today<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.rcrc.gov.sa\/ar\/news\/95412367\/#\" style=\"\" rel=\"noopener\">statement<\/a> from the Royal Commission for Riyadh. The station will connect the blue and orange lines, and will provide access to various government institutions, historical squares and commercial centers, read the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER-<\/strong> Riyadh is set for a 17\u00b0C high and a 7\u00b0C low today, while Jeddah\u2019s mercury is set to peak at 30\u00b0C and hit a low of 21\u00b0C. Meanwhile, Dammam will see a high of 16\u00b0C, and a low of 6\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Ramadan working schedule from Sama:<\/strong> The Saudi Central Bank announced that banks will be open from 10am to 4pm during the holy month, while financial transfer centers and payment service providers will open for six hours between 9:30am to 5:30pm, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/SAMA_GOV\/status\/1894037381906329727\" style=\"\" rel=\"noopener\">X post<\/a>. Sama also declared celebrations for Eid Al Fitr to run from 30 March to 2 April, and Eid Al Adha from 5 June to 10 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Property owners in Riyadh, Madinah and 3 cities in the Eastern Province have <\/strong><strong>until<\/strong><strong> tomorrow to register their properties online<\/strong> through the Real Estate Registry <a target=\"_blank\" href=\"https:\/\/rer.sa\/en\" style=\"\" rel=\"noopener\">website<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/REGA_KSA\/status\/1894320709041524764\/photo\/1\" style=\"\" rel=\"noopener\">post on X<\/a> from the Real Estate General Authority. The Riyadh districts include Al Yamamah, Atifa, Sabah, Al Mafrooqah Al Jadida, Al Suwaidi, Al Rawda, Al Badia, Al Olaya, Sakina, Al Wasita, Salam, Al Arousia, Al Morouj, and Al Hara, among others.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> #1- <\/strong><strong>Middle East aircraft demand is projected to reach 3.7k over the next 20 years, <\/strong><strong>including<\/strong><strong> 42% wide-bodied jets \u2014 double than the global average, <\/strong>Airbus President Wouter Van Wersch told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/02\/24\/article_2757591.html\" style=\"\" rel=\"noopener\">Al Eqtisadiah<\/a> on the sidelines of the Aerospace Connect Forum <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/reel\/DGdqTTcNW7w\/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==\" style=\"\" rel=\"noopener\">(watch, runtime 00:58)<\/a>. The region\u2019s aviation market, with a particular emphasis on Saudi Arabia, is \u201cundergoing tremendous change,\u201d Wersch said, highlighting the Kingdom\u2019s target to increase its passenger numbers to 330 mn by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Air traffic across Saudi airports increased <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/85d0e443-eb10-4ffc-ab5a-8f37d7ad73f8\" style=\"\" rel=\"noopener\">15% y-o-y to 128 mn passengers in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/85d0e443-eb10-4ffc-ab5a-8f37d7ad73f8\" style=\"\" rel=\"noopener\">2024<\/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\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> #2- <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gpca.org.ae\/\" style=\"\" rel=\"noopener\">Gulf Petrochemicals and Chemicals Association (GPCA)<\/a><\/strong><strong> is set to move its<\/strong> <strong>headquarters to Riyadh from Dubai<\/strong>, after a headquarters agreement was approved by the council of ministers during their meeting yesterday, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2269402\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/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><a id=\"wwtt3\"><\/a> <\/strong><strong>Consumer spending via point-of-sale (PoS) transactions in the Kingdom dropped <\/strong><strong>2.1% <\/strong><strong>w-o-w for the week ending February 22 to just over SAR 13 bn,<\/strong> according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2455.pdf\" style=\"\" rel=\"noopener\">Saudi Central Bank\u2019s report (pdf)<\/a>. The number of weekly transactions also declined by 3.0% to 210k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Food and beverages once again made up the biggest chunk of spending in terms of value during the week, falling 3.7% w-o-w to some SAR 1.9 bn. The figure nearly matched restaurants and cafes, which saw a 1.7% w-o-w drop. Riyadh had the highest value of PoS transactions at SAR 4.6 bn, followed by Jeddah at SAR 1.9 bn.<\/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>Ukraine has reportedly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/02\/25\/ukraine-minerals-deal-trump-zelensky\/\" style=\"\" rel=\"noopener\">agreed to a framework<\/a><\/strong><strong> for an economic agreement that will see the US tap its revenues from rare minerals<\/strong>. US President Trump \u2014 who pushed hard for the agreement with personal attacks on his counterpart Volodymyr Zelensky \u2014 <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/25\/world\/europe\/ukraine-minerals-deal.html\" style=\"\" rel=\"noopener\">had earlier hinted<\/a> the Ukrainian President could arrive in Washington as soon as Friday to sign the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump is active as usual: <\/strong>The US president also signed an order yesterday to examine <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-25\/trump-to-probe-copper-tariffs-opening-door-to-new-levy-on-metal\" style=\"\" rel=\"noopener\">tariffs on copper<\/a>, and said he will introduce <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-end-eb-5-immigrant-investor-visa-program-2025-02-25\/\" style=\"\" rel=\"noopener\">a \u201cgold card\u201d visa program<\/a> that provides a route to US citizenship for the low price of USD 5 mn. Meanwhile, his controversial USD 4.5 tn tax cut plan <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-house-republicans-set-vote-trumps-tax-cut-agenda-2025-02-25\/\" style=\"\" rel=\"noopener\">narrowly passed the House<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING-<\/strong><\/p>\n<ul>\n<li>Israel and Hamas will exchange the bodies of four Israelis for hundreds of Palestinian prisoners, temporarily saving the ceasefire. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-hamas-hostages-ceasefire-witkoff-a291db865dfd730c62e343e352cac94f\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/li>\n<li>Tesla shares dropped 8% with market cap falling below USD 1 tn, wiping most gains since Trump\u2019s election. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/25\/teslas-market-cap-sinks-below-1-trillion-as-stock-falls-more-than-9percent.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/airbus\/\">Airbus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/points-of-sale\/\">Points of Sale<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/non-oil-exports-up-8-2-in-4q-2024\/\">\r\n                            Non-oil exports up 8.2% in 4Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/non-oil-exports-up-8-2-in-4q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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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\/26\/non-oil-exports-up-8-2-in-4q-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1501.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94761\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/non-oil-exports-up-8-2-in-4q-2024\/1501-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1501.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1501.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1501.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1501.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94760\" class=\"content-area-description single-story post-94760 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-non-oil-exports tag-trade 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\/.c38a588a-1b9a-49fa-a194-51c50d064022.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Arabia\u2019s non-oil exports were up<\/strong><strong> 8.2%<\/strong><strong> y-o-y in 4Q 2024<\/strong>, according to the latest data from the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2427.pdf\" style=\"\" rel=\"noopener\">General Authority for Statistics (Gastat) (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2427.pdf\" style=\"\" rel=\"noopener\">)<\/a>. Total non-oil exports \u2014 including re-exports \u2014 were up 17.3% y-o-y, pushed by an 47.3% increase in the value of re-exports over the same period. Meanwhile, imports increased 15.5% y-o-y in 4Q, and the surplus of the merchandise trade balance declined 52.4% y-o-y.<\/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\">EXPORTS BREAKDOWN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil exports maintained their lead over imports<\/strong>: The ratio of non-oil exports to imports rose to 35.2% in 4Q 2024, compared to 34.7% in 4Q 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chemical products accounted for 25.8% of non-oil exports<\/strong>, increasing 3.9% y-o-y. Plastics, rubbers, and their derivatives followed, making up 22.4% of non-oil exports, with an 8.9% y-o-y rise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Machinery, electrical equipment and parts made up 26.1% of total imports<\/strong>, up 26.3% y-o-y. Transportation equipment and parts followed, accounting for 15.1% of total imports, recording a 5.5% increase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China remains #1 on the trade list<\/strong>: The Kingdom\u2019s merchandise exports to China made up 14.7% of our total exports in 4Q 2024, followed by Japan (9.8%) and India (9.6%). Meanwhile, Chinese goods accounted for a quarter (25.6%) of total Saudi imports in the same period, followed by the U.S. (9.0%), and the UAE (5.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE OIL FRONT-<\/strong> <strong>Oil exports continue to decline:<\/strong> Oil\u2019s share of total exports dropped by 5.9 percentage points y-o-y to 70.5% in 4Q 2024. Total oil exports fell 13.3% y-o-y during the same period, leading to a 6.1% drop in merchandise exports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/non-oil-exports\/\">non-oil exports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trade\/\">trade<\/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=\"94762\" 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=\"94762\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/\">\r\n                            Saudi Arabia issues EUR 2.25 dual-tranche international sukuk                        <\/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\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/')\">\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\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/\">\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=Our first EUR-denominated green sukuk issuance rakes in EUR 1.5 bn&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/\">\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\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/&title=Our first EUR-denominated green sukuk issuance rakes in EUR 1.5 bn\">\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=Our+first+EUR-denominated+green+sukuk+issuance+rakes+in+EUR+1.5+bn+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F26%2Four-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn%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\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2528.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94763\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/our-first-eur-denominated-green-sukuk-issuance-rakes-in-eur-1-5-bn\/2528-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2528.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2528.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2528.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2528.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94762\" class=\"content-area-description single-story post-94762 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-enterpriseam-ksa tag-green tag-issuance tag-sukuk 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\/.b40c373d-c95f-4a3d-9250-c248d3021fae.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi Arabia\u2019s first green sukuk issuance: <\/strong>The Kingdom raked in EUR 1.5 bn from its (and MENA\u2019s) first sovereign EUR-denominated green international sukuk issuance, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-25\/saudi-arabia-offers-middle-east-s-first-euro-green-bond\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported, citing an unnamed source. The seven-year green note \u2014 which was 4.9x oversubscribed \u2014 drew in some EUR 7.3 bn in orders. The issuance was priced at a spread of 115 basis points (bps) above its benchmark, after the pricing was tightened from an original 155 bps spread.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The green tranche was sold alongside a EUR 750 mn conventional sukuk <\/strong>that saw orders topping EUR 2.7 bn, priced at 145 basis points above mid-swaps, according to the source.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proceeds will be used to cover projects that align with the Kingdom\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2591.pdf\" style=\"\" rel=\"noopener\">green<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2591.pdf\" style=\"\" rel=\"noopener\">financing framework<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2591.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>, in which it identifies eight types of green projects to be funded through the sale of the bonds. The Kingdom\u2019s first push into green sukuk also comes as part of efforts to boost its clean energy transition away from fossil fuels, which remains the cornerstone of the economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom is set to have a busy year in the debt market:<\/strong> Saudi Arabia's debt capital market <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/34d70ef9-dd3d-4b19-a7ee-393e6f63ef03\/saudi-debt-capital-market-to-exceed%253cmark%253e-usd%253c%2Fmark%253e-500%253cmark%253e-bn%253c%2Fmark%253e-this-year--fitch-ratings\" style=\"\" rel=\"noopener\">could top USD 500 bn<\/a> by the year-end, up from the USD 430 bn registered at the end of 2024, as the government turns to debt markets to fund diversification efforts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cTheir appetite to borrow is big, and the market is currently happy to fund them at decent<\/strong><strong> spreads,\u201d<\/strong> Mashreq Managing Director Mohamed Ahsan told Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>HSBC, JP Morgan, and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale were tapped as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0e2a3537-54d7-4b0b-bac6-4cf66ae58d25\/finmin-reportedly-taps-banks-for-eur-denominated-sukuk-issuance-%2B-witkoff-to-land-in-the-region-tomorrow\" style=\"\" rel=\"noopener\">global coordinators<\/a> and joint active bookrunners for the issuance, while Cr\u00e9dit Agricole CIB and SNB Capital will work passively. HSBC and JP Morgan also acted as joint green structuring agents.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/green\/\">green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/issuance\/\">issuance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sukuk\/\">sukuk<\/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=\"94764 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=\"94764\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/94764\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94764\" class=\"content-area-description single-story post-94764 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94765\" 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=\"94765\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/\">\r\n                            Salic upgraded to FTSE large-cap index                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Salic upgraded to FTSE large-cap index&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/&title=Salic upgraded to FTSE large-cap index\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Salic+upgraded+to+FTSE+large-cap+index+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F26%2Fsalic-upgraded-to-ftse-large-cap-index%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2526.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94766\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/salic-upgraded-to-ftse-large-cap-index\/2526-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2526.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2526.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2526.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2526.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94765\" class=\"content-area-description single-story post-94765 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseam-ksa tag-saudi-agricultural-and-livestock-investment-company-salic 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\/.b2c92618-b74a-420e-b443-00b735f9f43a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Agribusiness Salic steps up to the FTSE large-cap index:<\/strong> The latest FTSE Russell <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2408.pdf\" style=\"\" rel=\"noopener\">semi-annual review (pdf)<\/a> classifies the Saudi Agricultural and Livestock Investment Company (Salic) and the UAE\u2019s Adnoc Supply to large-cap status up from mid-cap in a move that reflects their growing market capitalization and strategic weight in the GCC economy. The review also saw upgrades for Parkin and Space42 to the mid-cap index and additions to the FTSE All-World Index.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The upgrade comes as Salic continues to expand its global agribusiness footprint<\/strong>, reinforcing its role as a key player in the government\u2019s food security strategy. Large-cap inclusion means Salic is now positioned alongside the Kingdom\u2019s financial heavyweights, making it a prime target for institutional and fund flows that track FTSE indices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The changes take effect after trading closes on Friday, 21 March<\/strong>, with the changes applying from Monday, 24 March. However, FTSE Russell will finalize adjustments by Monday, 10 March.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-agricultural-and-livestock-investment-company-salic\/\">Saudi Agricultural and Livestock Investment Company (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=\"94767\" 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=\"94767\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/\">\r\n                            HKC Ceramics wraps up IPO ahead of listing on Nomu                        <\/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\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/\" 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\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/')\">\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\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/\">\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=HKC Ceramics wraps up IPO ahead of listing on Nomu&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/\">\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\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/&title=HKC Ceramics wraps up IPO ahead of listing on Nomu\">\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=HKC+Ceramics+wraps+up+IPO+ahead+of+listing+on+Nomu+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F26%2Fhkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu%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\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1140.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94768\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/hkc-ceramics-wraps-up-ipo-ahead-of-listing-on-nomu\/1140-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1140.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1140.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1140.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1140.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94767\" class=\"content-area-description single-story post-94767 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseam-ksa tag-hkc-ceramics tag-ipo-watch tag-nomu 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\/.08422730-a550-46f3-9338-501acd849419.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>HKC Ceramics, better known as Hedab Al Khaleej, priced its IPO at SAR 52 <\/strong><strong>per share<\/strong> \u2014 the top of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ec35a1c8-1e17-4fa6-be4c-735b94247ee0\/hedab-al-khaleej-sets-indicative-price-range-for-nomu-ipo\" style=\"\" rel=\"noopener\">range it was guiding on<\/a> \u2014 after its Nomu offering closed 1.7x covered, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85427&anCat=1&cs=1024&locale=en\" style=\"\" rel=\"noopener\">a filing<\/a> to Tadawul. The final price saw the local marble and porcelain supplier raise some SAR 41.6 mn in IPO proceeds, giving it a market cap of SAR 390 mn at listing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The company took a 10.67% stake to market in a primary offering limited to qualified institutional investors, in a bid to finance its expansion plans and reduce its existing liabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Post-IPO ownership: <\/strong>The company\u2019s three substantial shareholders will see their ownership diluted to a combined 68.57% stake, down from 76.76%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager, while PKF Al Bassam & Co. serves as legal accountant. <strong>Receiving agents include <\/strong>Derayah Financial, Al Rajhi Capital, SNB Capital, Alinma Investment, Albilad Capital, ANB Capital, BSF Capital, Riyad Capital, SAB invest, AlJazira Capital, Alistithmar Capital, AlKhabeer Capital, GIB Capital, and Sahm Capital.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hkc-ceramics\/\">HKC Ceramics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nomu\/\">Nomu<\/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=\"94769\" 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=\"94769\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/coffee-chain-operator-ratio-wraps-nomu-ipo\/\">\r\n                            Coffee chain operator Ratio wraps Nomu IPO                        <\/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\/26\/coffee-chain-operator-ratio-wraps-nomu-ipo\/\" 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 secondary offering was priced at SAR 10 apiece, and was 8.6x oversubscribed. The final price implies a market cap of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b3194f80-0f8e-43da-98e1-e9f29b03c620\/%253cmark%253eratio%253c%2Fmark%253e-prices-its-nomu-ipo-at-sar-10-apiece\" style=\"\" rel=\"noopener\">SAR 200 mn<\/a> at listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds:<\/strong> The brand operator of homegrown coffee chain Ratio will disburse net proceeds from the sale to the selling shareholders, after deducting some SAR 2.6 mn to cover IPO-related expenses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The IPO was primarily driven by the Derayah private equity fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/483f7980-b863-4a22-b095-de84c7540e62\/ratio-issues-prospectus-for-25%2525-nomu-ipo\" style=\"\" rel=\"noopener\">divesting a<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/483f7980-b863-4a22-b095-de84c7540e62\/ratio-issues-prospectus-for-25%2525-nomu-ipo\" style=\"\" rel=\"noopener\">large portion of its stake<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Derayah Financial is quarterbacking the transaction as the lead manager, while Amwal Capital is acting as financial advisor with RSM and Moore providing legal counsel. <strong>Receiving agents included<\/strong> Alinma Investment, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, and Yaqeen Financial.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ratio\/\">Ratio<\/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=\"94771\" 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=\"94771\">\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\">AVIATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/jeddah-unveils-a-new-1-2-sqm-mro-hub-at-aerospace-connect-forum\/\">\r\n                            Jeddah gets a new 1.2 sqm MRO hub to support the Kingdom\u2019s aviation sector                        <\/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\/26\/jeddah-unveils-a-new-1-2-sqm-mro-hub-at-aerospace-connect-forum\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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No investment ticket or timeline for the project have been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The city, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/71793\/%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B7%D9%84%D9%82-%D8%A3%D9%88%D9%84-%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D9%85%D8%AA%D8%AE%D8%B5%D8%B5%D8%A9-%D9%81%D9%8A-%D8%B5%D9%8A%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D8%B7%D8%A7%D8%A6%D8%B1%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">Aero Park I<\/a>, will include a wide array of ready-built factories equipped to accommodate several firms in the aviation sector, the statement says. The cluster is set to be situated next to King Abdulaziz International Airport and Jeddah Islamic Port.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first players: <\/strong>The Kingdom granted the first industrial licenses for aircraft maintenance and repair operations (MRO) to Middle East Aircraft Engines Company and Saudia Technic, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1894053864778670462\" style=\"\" rel=\"noopener\">statement<\/a>. The services will include jet and drone maintenance and repair, navigational and electric systems servicing, and all-around aircraft overhaul services, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2268887\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND FAMILIAR? <\/strong>PIF invested an undisclosed sum into Saudia Group subsidiary Saudia Technic to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4d5212f8-15a0-498f-82df-b878bb41b0dd\/pif-to-invest-in-saudia-technic\" style=\"\" rel=\"noopener\">Jeddah MRO village<\/a> back in <a target=\"_blank\" rel=\"noopener\">December 2023<\/a>. The new cluster was set to include a state-of-the-art jet propulsion center and an engine test cell to support the operationalization of next-generation wide-body and narrow-body aircraft engines.<\/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\">THERE\u2019S MORE NEWS FROM THE FORUM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A slew of agreements from NIDC:<\/strong> The National Industrial Development Center (NIDC) inked several MoUs during the Aerospace Connect Forum in an aim to boost national industrial capabilities and develop in line with Saudi\u2019s 2030 Vision, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/71793\/%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B7%D9%84%D9%82-%D8%A3%D9%88%D9%84-%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D9%85%D8%AA%D8%AE%D8%B5%D8%B5%D8%A9-%D9%81%D9%8A-%D8%B5%D9%8A%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D8%B7%D8%A7%D8%A6%D8%B1%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">Ashraq Business<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreements include: <\/strong><\/p>\n<ul>\n<li>An MoU with local manufacturer <strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/aic-steel\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">AIC Steel<\/a><\/strong><strong> and <\/strong><strong>Japan\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.toho-titanium.co.jp\/en\/business\/timetal\/\" style=\"\" rel=\"noopener\">Toho<\/a><\/strong><strong> to localize the sponge titanium metal melting and pipe industry <\/strong>used in the MRO process, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-industrial-development-program_aetaesaesaeqaexabraedaeuaepaehaerabraepaesaefaeyaezaepaeu-activity-7299768177482227712-b-aX?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>. <\/li>\n<li>An agreement to <strong>cooperate with airport operator Cluster2 to develop specialized aircraft maintenance centers<\/strong> in the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-industrial-development-program_aetaesaesaeqaexabraedaeuaepaehaerabraepaesaefaeyaezaepaeu-activity-7299764450364956672-tgxw?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>.<\/li>\n<li>An agreement with <strong><a target=\"_blank\" href=\"https:\/\/www.jabeen.sa\/?lang=en\" style=\"\" rel=\"noopener\">Jabben<\/a><\/strong><strong> and Portugal-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/jetsbase.com\" style=\"\" rel=\"noopener\">Jetbase<\/a><\/strong><strong> to offer the necessary support to localize aircraft maintenance<\/strong> and overhaul for military aircraft at Jubail Naval Airport, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-industrial-development-program_aetaesaesaeqaexabraedaeuaepaehaerabraepaesaefaeyaezaepaeu-activity-7299767566179221504-F9Yu?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>. <\/li>\n<li>An MoU with <strong><a target=\"_blank\" href=\"https:\/\/airportsolutions.com.sa\" style=\"\" rel=\"noopener\">International Airport Solutions<\/a><\/strong><strong> to advance the level of connectivity with technical partners to localize aircraft recycling services<\/strong> and facilitate the necessary licenses for such operations, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-industrial-development-program_aetaesaesaeqaexabraedaeuaepaehaerabraepaesaefaeyaezaepaeu-activity-7299814347462119426-xKAr?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>. <\/li>\n<li>An MoU with <strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/kai-ksa\/\" style=\"\" rel=\"noopener\">Kingdom Aero Industries<\/a><\/strong><strong> and US-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/doroni\/\" style=\"\" rel=\"noopener\">Doroni Aerospace<\/a><\/strong><strong> for the localization of the vertical take-off and landing sports light aircraft sector<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-industrial-development-program_aetaesaesaeqaexabraedaeuaepaehaerabraepaesaefaeyaezaepaeu-activity-7299768408936480768-HkpA?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>.<\/li>\n<li>An MoU with <strong>Germany\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.auto-gyro.com\" style=\"\" rel=\"noopener\">Autogyro<\/a><\/strong><strong> and local firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/lifeshield.com.sa\/aerospace\" style=\"\" rel=\"noopener\">Life Shield Aerospace<\/a><\/strong><strong> to localize and transfer the manufacturing technology of taxi and helicopter aircrafts<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-industrial-development-program_aetaesaesaeqaexabraedaeuaepaehaerabraepaesaefaeyaezaepaeu-activity-7299766619319201792-J2F4?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>. <\/li>\n<li>An agreement to work with <strong>Italy\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.leonardo.com\/en\/home\" style=\"\" rel=\"noopener\">Leonardo<\/a><\/strong><strong> to develop the local helicopter industry<\/strong> and vertical aviation sector, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-industrial-development-program_aetaesaesaeqaexabraedaeuaepaehaerabraepaesaefaeyaezaepaeu-activity-7299767860694847488-DG79?utm_source=share&utm_medium=member_desktop&rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER AVIATION NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IBM agreed to set up an AI-powered enterprise for PIF-backed Riyadh Air to improve the <\/strong><strong>airline\u2019s guest and employee experiences<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/newsroom.ibm.com\/2025-02-25-riyadh-air-and-ibm-to-build-ai-driven-enterprise,-to-elevate-guest-and-employee-experiences\" style=\"\" rel=\"noopener\">statement<\/a>. Riyadh Air will integrate IBM\u2019s portfolio of AI services \u2014 including watsonx and IBM Consulting solutions \u2014 to streamline operational efficiency. The new AI-driven platform will be developed with a focus on regulatory compliance, privacy, and data security to optimize flight services and boost intelligence customer interactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The airline is slated <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed2a4cfa-4217-4098-b20e-00f0d3830526\/manara-minerals-is-mulling-investments-in-zambia-%2B%253cmark%253e-riyadh-air%253c%2Fmark%253e-delays-launch-to-3q-2025\" style=\"\" rel=\"noopener\">to launch its operations<\/a> in 3Q 2025. It is rumored to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed2a4cfa-4217-4098-b20e-00f0d3830526\/manara-minerals-is-mulling-investments-in-zambia-%2B%253cmark%253e-riyadh-air%253c%2Fmark%253e-delays-launch-to-3q-2025\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed2a4cfa-4217-4098-b20e-00f0d3830526\/manara-minerals-is-mulling-investments-in-zambia-%2B%253cmark%253e-riyadh-air%253c%2Fmark%253e-delays-launch-to-3q-2025\" style=\"\" rel=\"noopener\">talks<\/a> with Boeing and Airbus for an order of up to 50 additional widebody jets as it looks to expand its fleet.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-industrial-development-center-nidc\/\">National Industrial Development Center (NIDC)<\/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=\"94773\" 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=\"94773\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/saudi-arabia-captures-14-of-gcc-real-estate-market-up-47-y-o-y\/\">\r\n                            Saudi Arabia captures 14% of GCC real estate market, up 47% y-o-y                        <\/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\/26\/saudi-arabia-captures-14-of-gcc-real-estate-market-up-47-y-o-y\/\" 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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Despite the growth, the Kingdom still trails behind the UAE, which drew in 79% of the GCC\u2019s USD 391 bn real estate market in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Population growth and government-backed infrastructure projects drove the <\/strong><strong>region\u2019s housing sector expansion<\/strong>, according to the report. There\u2019s high demand, with Saudi Arabia, Kuwait, and Oman needing over 800k housing units by 2030 to meet it. Additionally, urban populations across the GCC are expected to grow by 30% between 2020 and 2030, with 84.3% to be living in cities. Riyadh's population is projected to grow by 4.1% annually, reaching 9.6 mn by 2030, with 5.5 mn expats and 4.1 mn Saudis, though Gigaprojects may reduce rural-to-urban migration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rents, to no one\u2019s surprise, are on the rise: <\/strong>Saudi apartment rental prices rose 10.6% in 2024, spurred by increasing expat demand, particularly in Riyadh. Villa rents also grew 4-7%, slower than the UAE with Dubai up 18% and Abu Dhabi 10% but faster than the GCC\u2019s most affordable villa markets in Oman (up 1-2%) and Bahrain (up 2-3%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Property prices are also climbing: <\/strong>Saudi apartment prices are rising, with Riyadh up 8% in 2024, compared to Dubai\u2019s 19.5% increase, while Oman\u2019s apartment prices fell 13%. For villas, Bahrain, Oman, and Saudi lean on the affordable side, while the UAE, Qatar, and Kuwait are pricier. North Riyadh and Dubai are the most dynamic villa markets, with y-o-y price increases of 14-17% and 9-47%, respectively. High-end villas in Bahrain dropped 4.5% in early 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite rising prices, the Saudi property market is more affordable than most: <\/strong>Saudi Arabia has the lowest price-to-income ratio in the GCC, with Riyadh at 3.1 in 2024, making homes more affordable compared to cities like Kuwait City (10.1).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia recorded one of the highest <\/strong><strong>apartment yields<\/strong><strong> in the region at 7.8%<\/strong> slightly behind Kuwait and Bahrain (both 7.9%), and above the GCC average of 6.8% thanks to a strong leasing market and high price-to-income ratios, which make renting more favorable than homeownership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expats\u2019 <\/strong><strong>changing role in GCC housing demand: <\/strong>Expats, who make up 52% of the GCC population, have traditionally dominated the residential leasing market. However, they are increasingly transitioning to homeownership, becoming investors and business owners. Additionally, many expats are bringing their families to the region, which boosts population growth and consumer demand, although remittance outflows have decreased.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The l<\/strong><strong>uxury real estate race<\/strong><strong>: <\/strong>Saudi Arabia, alongside the UAE and Qatar, is vying for dominance in the Gulf's luxury residential market. While Dubai leads in super-prime transactions (properties exceeding USD 10 mn), Saudi Arabia is advancing with projects like The Red Sea. Branded residences are also gaining popularity in the Middle East which now accounts for 12% of the global supply.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh\/\">Riyadh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sakan\/\">Sakan<\/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=\"94775\" 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=\"94775\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-full-year-earnings\/\">\r\n                            Acwa Power net income up 5.7% in 2024 + Jamjoom, Care, Wataniya ins. 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\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-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\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-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\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-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=Acwa Power net income up 5.7% in 2024 + Jamjoom, Care, Wataniya ins. full-year earnings&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-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\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-full-year-earnings\/&title=Acwa Power net income up 5.7% in 2024 + Jamjoom, Care, Wataniya ins. 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=Acwa+Power+net+income+up+5.7%25+in+2024+%2B+Jamjoom%2C+Care%2C+Wataniya+ins.+full-year+earnings+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F26%2Facwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-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\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-full-year-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1121.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94776\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/acwa-power-net-income-up-5-7-in-2024-jamjoom-care-wataniya-ins-full-year-earnings\/1121-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1121.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1121.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1121.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1121.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94775\" class=\"content-area-description single-story post-94775 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-acwa-power tag-earnings-watch tag-enterpriseam-ksa tag-jamjoom-pharma tag-wataniya-ins-2 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.853e4aa8-77e1-47e8-847b-86e3555e82aa.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\">ACWA POWER-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Acwa Power\u2019s net income increased<\/strong><strong> 5.7% y-o-y to SAR 1.8 bn <\/strong><strong>in 2024<\/strong>, on the back of better financial management and the reversal of impairment on its Oman-based Barka plant, it said in an <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/Resources\/fsPdf\/23875_2362_2025-02-25_01-21-32_en.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The increase was partially offset by a SAR 191 mn impairment on its Morocco-based CSP plant Noor 3, higher legal provisions, and lower one-time financial gains. The renewables giant reported a 13.4% drop in net income to SAR 502 mn in 4Q.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> Revenues were up 3.3% y-o-y to SAR 6.3 bn in 2024, driven by higher operation and maintenance revenue, as well as higher electricity sales. However, this was partially offset by lower services income from projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It has been a busy year for Acwa Power: <\/strong>The company reached financial closure on nine fully and partially-owned projects in 2024, with SAR 34.6 bn in total investments. These include Egypt\u2019s SAR 4.1 bn Suez Wind project closed in December, the SAR 1.1 bn Azerbaijan wind IPP in November, and the Nukuk Wind IPP in Uzbekistan, closed in October with SAR 400 mn in investments. All three projects were fully owned by Acwa at the time.<\/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\">JAMJOOM PHARMA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jamjoom Pharma saw its<\/strong><strong> net income grow 21.9% y-o-y in 2024 to SAR 356.5 mn, <\/strong>according to an <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/Resources\/fsPdf\/16392_4526_2025-02-24_22-00-39_en.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Meanwhile, the company recorded a 19.8% y-o-y growth in revenues to SAR 1.32 bn. The growth was driven by market and portfolio expansion, enhanced manufacturing in Saudi and Egypt, as well as cost optimization and contributions from its Algeria joint venture. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 4Q 2024, <\/strong>net income grew 16% y-o-y to SAR 51.6 mn, while revenues grew 24% y-o-y to SAR 259.7 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company\u2019s board greenlit a SAR 102 mn dividend distribution for 2H 2024 at SAR 1.46 per share, set to be disbursed on 11 March, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85420&anCat=1&cs=4015&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/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\">NATIONAL CARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/ir.care.med.sa\/\" style=\"\" rel=\"noopener\">National Medical Care<\/a><\/strong><strong> (Care) reported a 23.8% y-o-y increase in net income to SR 298.2<\/strong> <strong>mn in 2024<\/strong>, driven by improved cost absorption, favorable Zakat expenses, and full year operations at Chronic Care Hospital after acquisition, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2409.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. This helped offset higher expenses and interest costs, as well as losses at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8217f9be-faaa-4970-b974-5dc025f5722f\/%253cmark%253ecare%253c%2Fmark%253e-shareholders-clear-al-salam-health-buyout\" style=\"\" rel=\"noopener\">Al Salam Hospital<\/a>, the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> Revenues were up 19.6% y-o-y to SAR 1.3 bn in 2024, fueled by a higher business volume and a 14% y-o-y growth in total patient count, as well as the positive impact of Chronic Care Hospital\u2019s acquisition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Care received <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/214b7e6c-3e56-47a4-92b0-08c2c70cdd15\/%253cmark%253ecare%253c%2Fmark%253e-acquires-all-of-chronic%253cmark%253ecare%253c%2Fmark%253e-specialized\" style=\"\" rel=\"noopener\">last November<\/a> the green light from regulators to go ahead with the full acquisition of Chronic Care Specialized Medical Hospital Co. for SAR 193 mn.<\/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\">WATANIYA INS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watan<\/strong><strong>iya Ins. reported a 21.8% y-o-y increase in net income to SAR 103.1 mn in 2024, <\/strong>driven by an 11.4% rise in net insurance service results and a 58.5% increase in investment returns, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85410&anCat=1&cs=8300&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The increase was partially offset by an 85% drop in surplus from insurance pools and a 7.5% rise in operating expenses. Revenues saw a 30.3% y-o-y growth during the year to SAR 1.8 bn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/acwa-power\/\">ACWA power<\/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\/jamjoom-pharma\/\">Jamjoom Pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/wataniya-ins-2\/\">Wataniya Ins.<\/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=\"94777\" 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=\"94777\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/\">\r\n                            Sedco Capital appoints Abdulwahhab Abed as CEO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/')\">\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\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/\">\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=Sedco Capital appoints Abdulwahhab Abed as CEO&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/\">\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\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/&title=Sedco Capital appoints Abdulwahhab Abed as CEO\">\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=Sedco+Capital+appoints+Abdulwahhab+Abed+as+CEO+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F26%2Fsedco-capital-appoints-abdulwahhab-abed-as-ceo%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\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2519.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94778\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/sedco-capital-appoints-abdulwahhab-abed-as-ceo\/2519-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2519.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2519.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2519.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2519.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94777\" class=\"content-area-description single-story post-94777 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-ksa tag-moves tag-sedco-capital 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\/.14486d39-a8f7-4ea0-9f2e-618e6c855b7c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jeddah-based advisory firm Sedco Capital appointed Abdulwahhab Abed <\/strong><strong>(<\/strong><strong><a target=\"_blank\" href=\"https:\/\/sa.linkedin.com\/in\/abdulwahhab-abed\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as<\/strong><strong> CEO<\/strong>, after serving as Acting CEO, according to <a target=\"_blank\" href=\"https:\/\/sedcocapital.com\/pressrelease\/abdulwahhab-abed-appointed-as-ceo-of-sedco-capital\/\" style=\"\" rel=\"noopener\">a press release<\/a>. Abed has been with the company for 17 years, serving as Chief Business Development Officer since 2021.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sedco-capital\/\">Sedco Capital<\/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=\"94779\" 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=\"94779\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/\">\r\n                            NWC launches 9 projects worth SAR 300 mn in Tabuk                        <\/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\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/\" 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\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/')\">\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\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/\">\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=NWC launches 9 projects worth SAR 300 mn in Tabuk&url=https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/\">\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\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/&title=NWC launches 9 projects worth SAR 300 mn in Tabuk\">\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=NWC+launches+9+projects+worth+SAR+300+mn+in+Tabuk+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F02%2F26%2Fnwc-launches-9-projects-worth-sar-300-mn-in-tabuk%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\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/117.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94780\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/nwc-launches-9-projects-worth-sar-300-mn-in-tabuk\/117-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/117.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"117.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/117.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/117.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94779\" class=\"content-area-description single-story post-94779 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-ksa tag-madinah tag-national-water-company-nwc 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\/.1cacf01b-6e7b-41b5-aa4c-1ba744c47f1c.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> National Water Company (NWC) launched 9 projects worth a combined SAR 300 <\/strong><strong>mn <\/strong><strong>in Tabuk<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.nwc.com.sa\/En\/MediaCenter\/News\/Pages\/9projects-inTabuk.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The projects included:<\/p>\n<ul>\n<li>Three drinking water projects involving 60 km of water networks, worth SAR 62.2 mn;<\/li>\n<li>Two sanitation projects including a lift station expansion and 46.7 km of sewer lines, worth SAR 65 mn;<\/li>\n<li>Two water projects featuring a 21.9 km transmission line and a 5k cubic meter reservoir, as well as a 1k cubic meter purification plant, at a combined ticket of SAR 39.4 mn;<\/li>\n<li>Two projects covering 75.8 km of sewage networks and a 9.6k cubic meter lift station, worth SAR 78.1 mn.<\/li>\n<\/ul>\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><a target=\"_blank\" href=\"https:\/\/shalfa.sa\/Default\" style=\"\" rel=\"noopener\">Shalfa Facilities Management Company<\/a><\/strong><strong> secured a SAR 162 mn contract<\/strong> to run operation and maintenance works, cleaning services, and pest control at the Presidency of State Security\u2019s offices in Riyadh, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85412&anCat=1&cs=9613&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The Nomu-listed facilities service provider has agreed to fully manage architectural installations, equipment, electrical, and mechanical services as well as landscape and irrigation works for administrative buildings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/shurfah.com.sa\/\" style=\"\" rel=\"noopener\">Shurfah Real Estate<\/a><\/strong> <strong> in Riyadh\u2019s Al-Malqa neighborhood<\/strong><strong> sold a 27.7k sqm plot to<\/strong><strong><a target=\"_blank\" href=\"https:\/\/thimarya.sa\/\" style=\"\" rel=\"noopener\">Thimaryah Real Estate Company<\/a><\/strong><strong> for SAR 987 mn<\/strong>, marking one of the largest real estate transactions in Riyadh this year, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/02\/24\/article_2757592.html\" style=\"\" rel=\"noopener\">Al Eqtisadiah<\/a> reports. The land\u2019s price more than doubled in three years, rising to SAR 34k per sqm from SAR 16k.<\/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>#1-<\/strong><strong>UAE-based Fintech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/flow48.com\/\" style=\"\" rel=\"noopener\">Flow48<\/a><\/strong><strong> closed a USD 69 mn series A funding round<\/strong><strong> to expand<\/strong><strong> into Saudi Arabia<\/strong>, in addition to scale further in the UAE and South Africa and expanding its platform and features, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2416.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Flow48, co-founded in 2022 by Idriss Al Rifai (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ialrifai\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Karim Khattar (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/karimkhattar\/overlay\/about-this-profile\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), offers alternative financing solutions for SMEs, using payment data, operational behaviors, and sector insights to convert future revenues into immediate working capital \u2014 without requiring equity dilution or traditional collateral. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Madina<\/strong><strong>h gets a new investor network for early-stage startups: <\/strong><a target=\"_blank\" href=\"https:\/\/www.vms.sa\/\" style=\"\" rel=\"noopener\">VMS<\/a>, <a target=\"_blank\" href=\"https:\/\/www.mcci.org.sa\/\" style=\"\" rel=\"noopener\">Al Madinah Chamber<\/a>, and <a target=\"_blank\" href=\"https:\/\/numuangels.net\/\" style=\"\" rel=\"noopener\">Numu Angels<\/a> have launched the Al Madinah Angels investor network to support early-stage startups in the city by providing capital, strategic partnerships, and mentorship, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/02\/al-madinah-angels-launches-revive-entrepreneurial-scene-city\" style=\"\" rel=\"noopener\">press release<\/a>. The network was launched under the Al Madinah Ventures Initiatives at the Al Madinah Chamber event. <\/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\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Mawani adds Syria service:<\/strong> The Saudi Ports Authority (Mawani) launched Caerus EXS6, a new shipping service to Syria to facilitate the expansion of trade between the two countries, according to a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=250225\" style=\"\" rel=\"noopener\">statement<\/a>. The new service, with a capacity of 858 standard containers, will call at Jeddah Islamic Port, Turkey\u2019s Iskenderun Port, and Syria\u2019s Latakia Port.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The King Abdulaziz International Airport in Jeddah now has <\/strong><strong>70 e-gates<\/strong>, as part of an initiative between the General Directorate of Passports, Matarat Holding, and the Saudi Data and Artificial Intelligence Authority, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2268950\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The e-gates are intended to allow passengers to complete their travel procedures independently without human intervention. <\/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\">REGULATION WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capital market institutions will soon be able to enforce close-out netting agreements<\/strong> with greater legal certainty, under fresh <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2462.pdf\" style=\"\" rel=\"noopener\">rules (pdf)<\/a> by the Capital Market Authority (CMA). Close-out netting is important because it allows financial institutions to offset mutual obligations in the event of default, reducing systemic risk and ensuring financial stability, particularly during bankruptcy proceedings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The draft ensures that qualified financial contracts involved in netting agreements remain enforceable during bankruptcy proceedings. It also introduces provisions for cross-border transactions involving capital market institutions in Saudi Arabia, clarifying how financial obligations should be handled. Additionally, the framework strengthens collateral rules by confirming that cash, securities, guarantees, and other credit support remain enforceable, even if a counterparty becomes insolvent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.saudienaya.com\/\" style=\"\" rel=\"noopener\">Saudi Enaya<\/a><\/strong> <strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.salama.com.sa\/\" style=\"\" rel=\"noopener\">Salama<\/a><\/strong> <strong> signed a non-binding MoU to consider a potential <\/strong><strong>merger<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85433&anCat=1&cs=8311&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Under the agreement, both companies will conduct operational, technical, financial, legal, and actuarial due diligence. If the transaction goes through, one of the companies would fully take over the other in a transaction that would see the buyer issue new shares for the shareholders of the seller. The MoU runs for 12 months, and could be terminated during that period based on specific conditions, read the disclosure.<\/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\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Education Ministry is offering up 5k investment projects worth a combined <\/strong><strong>SAR 50<\/strong> <strong>bn<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/moe_gov_sa\/status\/1894070558700015708\" style=\"\" rel=\"noopener\">post on X<\/a>. The investment offerings come as the government looks to boost private sector participation in the education sector from to 30% up from the current 17%, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/02\/25\/article_2757611.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> quotes Education Minister Yousef Al Benyan as saying at the Invest in Education Forum held in Al Ahsa. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/madinah\/\">Madinah<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94781\" 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=\"94781\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/jpmorgan-reclassifies-qatar-and-kuwait-as-developed-markets\/\">\r\n                            JPMorgan reclassifies Qatar and Kuwait as developed markets                        <\/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\/26\/jpmorgan-reclassifies-qatar-and-kuwait-as-developed-markets\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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For Qatar, \u201cthe reclassification may potentially spark flows into the country from developed-market bond investors,\u201d according to Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he UAE could be next:<\/strong> The United Arab Emirates\u2019 cost of living ratio has exceeded the EM index threshold for two years in a row \u2014 and, if it does so for a third consecutive year, the country would no longer be eligible for the EMBI series, and will be reviewed for a removal from the index.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors would also be looking for a higher yield to invest in EM sovereign bonds,<\/strong> with the extra yield investors demand to own EM sovereign bonds set to widen by 11 bps. The bank\u2019s index is tracked widely by those investing in treasures across the world, and the loss of both countries could potentially \u201cincrease the average risk in the asset class,\u201d according to Bloomberg. In the EMBI Global Diversified grouping, Qatar and Kuwait hold a weight of 3.2% and 0.6%, respectively. With the potential exit of the UAE \u2014 which accounts for 4.1% \u2014 the collective exit of the three countries would lead to capital outflows from EMs, and would \u201cnarrow the opportunities for bond traders.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cAs investors we were waiting for this to happen,\u201d <\/strong>Anders Faergemann, co-head of EM global fixed income at Pinebridge Investments told Bloomberg. \u201cOn paper, the investor base for Qatar and Kuwait will narrow by taking them out of the EM indices but we can still invest in both countries off benchmark.\u201d<\/p>\n<p class=\"tag-border-left\">ALSO FROM THE REGION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas raises USD 2.8 bn in MENA\u2019s largest equity offering year-to-date: <\/strong>Emirati state-owned energy giant Abu Dhabi National Oil (Adnoc) completed the sale of a 4% stake in subsidiary Adnoc Gas to institutional investors, raising USD 2.8 bn, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2025\/adnoc-successfully-completes-284-billion-marketed-offering-of-adnoc-gas-shares\" style=\"\" rel=\"noopener\">statement<\/a>. The follow-on offering, which was priced at AED 3.40 per share, was 4.4x oversubscribed. This is the largest equity offering in the MENA region since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11b8a541-a6d0-44d9-a177-9ef29b4f41c8\/aramco-completes%253cmark%253e-secondary%253c%2Fmark%253e%253cmark%253e-share%253c%2Fmark%253e-offering\" style=\"\" rel=\"noopener\">Saudi Aramco\u2019s USD 12.3 bn<\/a> secondary share sale last June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Adnoc Gas raked in USD 2.5 bn in one of the region\u2019s biggest IPOs in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Our friends at EFG Hermes <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2443.pdf\" style=\"\" rel=\"noopener\">acted as (pdf)<\/a> joint coordinator and bookrunner alongside BofA Securities, Citi, First Abu Dhabi Bank, HSBC, and International Securities.<\/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\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning <\/strong>\u2014 Japan\u2019s Nikkei is down 1.2%, the Shanghai Composite is looking at gains of 0.5% and the Hang Seng is up 2.2%. Meanwhile, South Korea's Kospi is flat. <\/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\">12,301<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,543<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,273<\/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: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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\">30,655<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9% (YTD: +3.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,612<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,342<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +3.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,955<\/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: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,669<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +6.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,448<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +11.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 73.02<\/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\">-2.4%<\/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>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.15<\/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-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 2,931<\/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%<\/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 89,021<\/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: -4.8%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 0.2% <strong>yesterday <\/strong>on turnover of SAR 5.3 bn. The index is up 2.2% 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> Miahona (+5.9%), Al Babtain (+4.2%) and SIDC (+4.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Saudi Ceramics (-10%), Chubb (-9.5%) and Malath Ins. (-8.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 0.4% <strong>yesterday <\/strong>on turnover of SAR 36.4 mn. The index is down 0.6% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Amwaj International (+8.3%), Fadeco (+7.6%) and Paper Home (+6.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Leaf (-7%), Leen Alkhair (-6.5%) and Enma Alrawabi (-6.4%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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=\"94783\" 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=\"94783\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/26\/defense-minister-meets-us-counterpart-in-washington\/\">\r\n                            Defense Minister meets US counterpart in Washington                        <\/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\/26\/defense-minister-meets-us-counterpart-in-washington\/\" 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 ministers discussed the deep-rooted alliance between the US and the Kingdom and their shared commitment for regional and global stability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Economy and Planning Minister Faisal Alibrahim met with Switzerland\u2019s Head of the Federal Department of Economic Affairs Guy Parmelin in Bern, where the two discussed cooperation in boosting entrepreneurship and SMEs, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2269037\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/defense-ministry\/\">Defense Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/khalid-bin-salman\/\">Khalid bin Salman<\/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=\"94785\" 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\/26\/94785\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94785\" class=\"content-area-description single-story post-94785 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>24-27 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\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>Saudi\u2019s first EUR-denominated green sukuk | HKC, Ratio wrap up Nomu IPOs | Saudi captures 14% of GCC real estate market<\/p>\n","protected":false},"featured_media":94756,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-94755","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2e428ccc-a945-41f4-80d8-df82801e30fa","teaser":"Saudi\u2019s first EUR-denominated green sukuk | HKC, Ratio wrap up Nomu IPOs | Saudi captures 14% of GCC real estate market","photo_url":"https:\/\/ent.news\/2024\/12\/1838.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>Non-oil exports up 8.2% in 4Q 2024 - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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