{"id":94845,"date":"2025-03-02T00:00:00","date_gmt":"2025-03-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=94845"},"modified":"2025-12-14T20:24:53","modified_gmt":"2025-12-14T20:24:53","slug":"umm-al-qura-for-development-prices-ipo-at-sar-15-stands-to-rake-in-sar-2-bn-in-proceeds","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/umm-al-qura-for-development-prices-ipo-at-sar-15-stands-to-rake-in-sar-2-bn-in-proceeds\/","title":{"rendered":"Umm Al Qura for Development prices IPO at SAR 15, stands to rake in SAR 2 bn in proceeds"},"content":{"rendered":"<section id=\"94847\" 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=\"94847\">\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\/03\/02\/pwc-banned-from-advisory-contracts-with-pif-lebanon-looks-to-reactivate-military-aid-package-from-saudi\/\">\r\n                            THIS MORNING: PwC banned from advisory contracts with PIF? 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We welcome the second day of Ramadan with a brisk issue, which bodes well for the first couple of mornings without coffee.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leading this morning\u2019s news well: <\/strong>Umm Al Qura for Development prices IPO at SAR 15, standing to rake in SAR 2 bn in proceeds in Tadawul\u2019s biggest listing so far in 2025. Also: PIF eyes stake in aerostructure unit of Italy\u2019s Leonardo, and SNB offloads SAR 3.4 bn mortgage portfolio to Saudi Real Estate Refinance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When do we eat?<\/strong> Maghrib is at 5:56 pm today in Riyadh. You\u2019ll have until fajr prayers at 4:56 am tomorrow to finish your sohour.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Expect a windy day in Makkah, Madinah, and parts of Riyadh and the coastal areas, with a chance of rainfall on Jazan.<\/p>\n<ul>\n<li><strong>Riyadh:<\/strong> 21\u00b0C daytime \/ 8\u00b0C overnight<\/li>\n<li><strong>Makkah:<\/strong> 33\u00b0C daytime \/ 20\u00b0C overnight<\/li>\n<li><strong>Madinah:<\/strong> 25\u00b0C daytime \/ 10\u00b0C overnight<\/li>\n<\/ul>\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>Riyadh <\/strong><strong>transport hours during Ramadan:<\/strong> The Riyadh Metro will run during Ramadan from Sunday to Thursday between 8 am and 2am, on Fridays from 12pm-3am, and on Saturdays from 10am-2 am. Meanwhile, Riyadh buses will operate daily from 6:30am-3am, Riyadh Public Transport said in a <a target=\"_blank\" href=\"https:\/\/x.com\/RiyadhTransport\/status\/1895158454953623853\" style=\"\" rel=\"noopener\">post on X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sar.com.sa\/\" style=\"\" rel=\"noopener\">S<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sar.com.sa\/\" style=\"\" rel=\"noopener\">audi Arabia Railways (SAR)<\/a><\/strong> <strong> will increase the Haramain High-Speed Train\u2019s daily <\/strong><strong>trips by 21% to 3.4k and available seats by <\/strong><strong>18% to 1.6 mn during Ramadan<\/strong>, SAR said in a <a target=\"_blank\" href=\"https:\/\/x.com\/SARSaudiRailway\/status\/1895056574470574353\" style=\"\" rel=\"noopener\">post on X<\/a>. SAR will offer 100 trips per day during the first week of Ramadan, rising to 120 by the 14th of the holy month and 130 during peak days. The 25 high-speed trains h will travel along a 453 km line connecting Makkah, Madinah, Jeddah, King Abdulaziz Airport, and King Abdullah Economic City.<\/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>The next round of e-invoicing<\/strong><strong>:<\/strong> Companies that recorded more than SAR 1.3 mn in revenues subject to VAT in 2022, 2023, or 2024 will need to integrate their e-invoicing solutions with Zatca\u2019s Fatoora platform by 30 November, according to <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1353.aspx\" style=\"\" rel=\"noopener\">a statement from Zatca<\/a>. This is the latest phase of an e-invoicing rollout that began in late 2021.<\/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> <\/strong><strong>The Pu<\/strong><strong>blic<\/strong><strong> Investment Fund (PIF) is reportedly banning PwC from securing advisory and <\/strong><strong>consulting contracts from the fund and its subsidiaries until February 2026<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-28\/saudi-wealth-fund-blocks-pwc-from-advisory-work-for-one-year\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are in the know. The one-year ban does not apply to PwC\u2019s auditing services, according to Bloomberg\u2019s sources. The reason for the ban remains unclear, with the business information service saying that the PIF \u201cdid not explain reasons behind the move in messages sent to its portfolio companies.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The move comes two years after PwC set up its regional headquarters in Saudi Arabia, where it employs over 2k people. Saudi Arabia holds the largest consulting market in the region, valued at some USD 3.2 bn in 2023 \u2014 an 18.2% increase from 2022 \u2014 according to <a target=\"_blank\" href=\"https:\/\/www.al-monitor.com\/originals\/2025\/02\/saudi-arabias-pif-bans-pwc-advisory-consulting-services-what-know\" style=\"\" rel=\"noopener\">Al Monitor<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>Lebano<\/strong><strong>n looks to reactivate USD 3 bn military aid from Saudi: <\/strong>Lebanon\u2019s President Joseph Aoun will request the reactivation of a USD 3 bn aid package to the Lebanese army when he visits the Kingdom next week, the president said in an interview with Asharq <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=_e-bDrNi7FQ\" style=\"\" rel=\"noopener\">(watch, runtime: 47:53)<\/a>. The aid was halted in 2016 after Beirut <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/world\/saudi-arabia-halts-3-billion-package-to-lebanese-army-security-aid-idUSKCN0VS1K7\/\" style=\"\" rel=\"noopener\">failed to condemn attacks<\/a> on Saudi diplomatic missions in Iran.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi-Lebanese relations back on track? <\/strong>Foreign Minister Faisal Bin Farhan visited Lebanon in January, marking the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/89cc0123-13fa-4c82-8aff-f1a0a9566edf\/bin-farhan-pays-visits-to%253cmark%253e-lebanon%253c%2Fmark%253e-and-syria\" style=\"\" rel=\"noopener\">first visit by a Saudi FM to the country in 15 years<\/a>. Earlier that month, a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dd56792a-8744-4fbf-b157-ba98a16231d7\/lebanese-presidential-election-pushed-through-by-saudi-shuttle-diplomacy--cnn\" style=\"\" rel=\"noopener\">\u201clast minute push\u201d<\/a> by the Kingdom was reportedly the deciding factor in Aoun\u2019s pick as Lebanon\u2019s new president.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The In<\/strong><strong>dustry and Mineral Resources Ministry issued 1.3k new industrial licenses in 2024<\/strong>, with combined investments of more than SAR 50 bn, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/mimgov\/status\/1895039923071107284\" style=\"\" rel=\"noopener\">post on X<\/a>. Meanwhile, some 1.1k factories with investments worth north of SAR 48 mn became operational throughout the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #2- <\/strong><strong>Saudi national airlines <\/strong><strong>have collectively placed aircraft orders<\/strong><strong> exceeding USD <\/strong><strong>100 bn <\/strong><strong>at list prices<\/strong>, Flynas\u2019 CEO Bandar Al Mohanna told <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/business\/5117330-saudi-banks-poised-benefit-local-aircraft-deals-surpass-100-billion\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a>, without specifying the timeframe. Al Mohanna sees these orders as an important prospect for local banks to provide financing solutions for airlines.<\/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>#3- <\/strong><strong>Some<\/strong><strong> 81.6% of those aged 15 years and above have attended at least one cultural event<\/strong><strong> or venue in 2024<\/strong>, while 85.3% attended at least one entertainment event or activity, according to the Household Culture and Entertainment <a target=\"_blank\" href=\"https:\/\/www.stats.gov.sa\/documents\/20117\/2435273\/Household+Culture+and+Entertainment+Statistics+Publication+2024.pdf\/07c0afd5-28f6-a89a-563e-757165d10500?t=1740637566410\" style=\"\" rel=\"noopener\">survey<\/a>. The majority of the population (86.1%) spend their down time playing sports or engaging in entertainment activities, with walking cited as the most popular leisure activity (66.1%), followed by football (17.6%). Some 65.8% of respondents said they visited parks and gardens during the year, while literary gatherings and poetry evenings were cited as the least-visited cultural activities (2.5%). <\/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\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a> <\/strong><strong>Aramco <\/strong><strong>expected to lower April Arab Light Crude price for Asia:<\/strong> Aramco may cut the April official selling price (OSP) for Arab Light crude to Asia by c. USD 0.20 to USD 0.65 \/ bbl, according to a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/saudi-arabia-may-lower-april-oil-prices-asia-2025-02-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> survey of four Asian refining sources. The pricing would place it at a premium of USD 3.25-3.70 \/ bbl over Oman\/Dubai, down from USD 3.90 in March, which was the highest pricing in over a year. A separate Bloomberg survey suggests an average drop of USD 0.10 \/ bbl, though estimates range from a modest USD 0.15 decline to as much as USD 1 \/ bbl, according to <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/72331\/%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D8%AE%D9%81%D8%B6-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%AE%D8%A7%D9%85-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D8%A7%D9%84%D8%AE%D9%81%D9%8A%D9%81-%D8%A8%D8%B9%D8%AF-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D9%85%D8%A7%D8%B1%D8%B3\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The March OSPs for other Saudi crude grades are also expected to decline<\/strong>, with Arab Extra Light and Arab Medium projected to have a drop of at least USD 0.65 \/ bbl, while Arab Heavy is expected to fall between USD 0.10-0.65 \/ bbl, Reuters said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Opec+ has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b52f21e2-9d2c-49da-b772-6748c67d7f80\/aiib-mulls-investments-in-gulf-rail-connection-project-%2B-fii-priority-summit-tomorrow#:~:text=Is%20Opec%2B%20mulling%20another%20delay%20of%20supply%20hikes%3F%20Opec%2B%20is%20mulling%20another%20delay%20of%20a%20series\" style=\"\" rel=\"noopener\">mulling<\/a> another delay of a series of monthly supply increases that are set to begin in April, with some fearing that global markets are too unstable to absorb a production increase. This would mark the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/769fe009-9ca8-453b-9cb0-509698b007f8\/riyadh-air-wants-more-widebody-jets-from-boeing-%2B-airbus\" style=\"\" rel=\"noopener\">fourth time<\/a> that the group has decided to put off the roll back of production caps which first came into effect in 2022.<\/p>\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Australia walked away with the AFC U-20 Asian Cup after S<\/strong><strong>audi Arabia lost 5-4 in a<\/strong><strong> penalty shootout<\/strong> in the final match yesterday following a 1-1 draw, according to <a target=\"_blank\" href=\"https:\/\/x.com\/afcasiancup\/status\/1895844373394301002\" style=\"\" rel=\"noopener\">a post on X<\/a>.<\/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>We could see the first phase of the Gaza ceasefire extended <\/strong>after Israel approved a US-brokered proposal. The agreement \u2014 pushed by Trump\u2019s Mideast envoy Steve Witkoff \u2014 would see the first phase of the ceasefire agreement \u2014 which was supposed to end last night \u2014 extend through Ramadan and Passover (which ends on April 20). The extension would also see Hamas releasing half of the Israeli hostages held on the first day of its implementation. The rest would be released following an agreement on a permanent ceasefire. Israel has reserved the right to resume fighting after passover if negotiations to reach a permanent agreement stall. Hamas has so far rejected Israel\u2019s proposed extension of the current truce but has yet to comment on Witkoff\u2019s plan. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-01\/israel-accepts-us-proposal-for-ramadan-truce-pm-s-office?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-agrees-us-plan-temporary-ceasefire-gaza-pms-office-says-2025-03-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-war-news-03-01-2025-943564ec594b1246c7690d2560a65498\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/01\/europe\/gaza-ceasefire-ends-israel-hamas-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Before Israel accepted the proposal<\/strong>, Hamas had already rejected Israel\u2019s attempt to extend the first phase of the agreement by six weeks, insisting on the second phase coming into effect with Israel completely withdrawing its troops. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-01\/hamas-rejects-first-phase-truce-extension-proposed-by-israel\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/mar\/01\/gaza-ceasefire-talks-stall-as-egypt-proposes-long-term-reconstruction-plan\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/03\/01\/israel-hamas-war-talks-ceasefire-expire\/\" style=\"\" rel=\"noopener\">Washington Post<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- The aftermath of Trump and Zelenskiy\u2019s meeting is making headlines: <\/strong>Ukrainian President Volodymyr Zelenskiy\u2019s high-stakes White House meeting with Donald Trump over the weekend unraveled into a public spectacle, leaving Ukraine scrambling for support. Trump dismissed Zelenskiy\u2019s pleas for security guarantees, telling him to \u201ccome back when he is ready for peace,\u201d hinting US aid could dry up entirely. Trump told reporters, \u201cEither we\u2019re going to end it or let him fight it out. And if he fights it out, it\u2019s not going to be pretty, because without us, he doesn\u2019t win.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened next: <\/strong>\u201cWe are very grateful to the United States for all the support. I\u2019m thankful to President Trump, Congress for their bipartisan support, and American people. Ukrainians have always appreciated this support, especially during these three years of full-scale invasion,\u201d Zelenskiy said in a <a target=\"_blank\" href=\"https:\/\/x.com\/ZelenskyyUa\/status\/1895793386990551336\" style=\"\" rel=\"noopener\">post on X<\/a>. In a long thread, he mentioned how Ukraine and the US remain strategic partners \"despite the tough dialogue\u201d and that \"it will be difficult without the US support.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>European leaders rushed to contain the fallout<\/strong>, with UK Prime Minister Keir Starmer reaffirming Britain\u2019s \u201cfull\u201d backing and sealing a GBP 2.26 bn loan for Ukraine\u2019s military. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/ukraines-zelenskiy-meet-uk-pm-starmer-saturday-2025-03-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cvgeqr0vg0no\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-28\/zelenskiy-s-blowup-with-trump-leaves-allies-facing-disaster\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/03\/01\/us\/trump-zelensky-news\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/flynas\/\">flynas<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/umm-al-qura-for-development-prices-ipo-at-sar-15-derayahs-retail-offering-wraps-up\/\">\r\n                            Umm Al Qura for Development prices IPO at SAR 15, targets SAR 2 bn in IPO proceeds                        <\/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\/03\/02\/umm-al-qura-for-development-prices-ipo-at-sar-15-derayahs-retail-offering-wraps-up\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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              <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/129.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94851\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/umm-al-qura-for-development-prices-ipo-at-sar-15-derayahs-retail-offering-wraps-up\/129-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/129.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"129.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/129.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/129.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94850\" class=\"content-area-description single-story post-94850 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-capital-markets tag-enterpriseam-ksa tag-ipo-watch tag-tadawul tag-umm-al-qura-development-and-construction 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\/3\/.37a6661b-a394-447e-9fab-94fb0afe45f1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/www.ummalqura.com.sa\/en\" style=\"\" rel=\"noopener\">Umm Al<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ummalqura.com.sa\/en\" style=\"\" rel=\"noopener\">Qura for De<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ummalqura.com.sa\/en\" style=\"\" rel=\"noopener\">velopment and Construction<\/a><\/strong><strong> priced its IPO at the top of its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bebe0faf-d978-4c0d-97f6-600f33715b8e\/umm-al-qura-sets-sar-14-15-indicative-price-range-ahead-of-tadawul-ipo\" style=\"\" rel=\"noopener\">indicative range<\/a><\/strong><strong> at SAR 15 per share<\/strong>, after the institutional tranche of the offering was 241x oversubscribed, raking SAR 473 bn in orders, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/8.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The final pricing will see selling shareholders lock in some SAR 2 bn in total proceeds, giving the firm a market cap of SAR 21 bn at listing in what would be the biggest IPO on Tadawul so far this year. The story also got ink from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-27\/saudi-developer-umm-al-qura-draws-126-billion-in-orders-for-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Umm Al Qura is taking a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/222ba7ac-9d53-4824-94d1-1314038c4b25\" style=\"\" rel=\"noopener\">9.1% stake<\/a> to Tadawul's main market in a primary offering. It also secured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e1809778-1baa-4918-b823-f533728dca26\/takatuf-is-now-a-cornerstone-investor-in%253cmark%253e-umm-al-qura%253c%2Fmark%253e-ipo\" style=\"\" rel=\"noopener\">binding commitment<\/a> from the Takatuf Holding Group to subscribe to the offering as its only cornerstone investor where it will pre-book 6.8% of the offered shares, accounting for 0.62% of the company\u2019s total share capital after the offering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds: <\/strong>Net proceeds from the offering will be allocated to covering land settlement costs, infrastructure development, and project financing for the group\u2019s Masar destination. They will also support general corporate needs, including sales, marketing, administrative expenses, operations, and financing activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> A three-day bookbuilding period for retail investors is due to kick off on Wednesday, 5 March, whereby individual investors can book up to 2.5 mn shares each, with the minimum limit set at 10. The final allocation of shares is slated for Thursday, 13 March. A total of 13.08 mn shares (10% of the offering) is allocated for retail investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Albilad Capital is quarterbacking the transaction as lead manager, while also being joint bookrunner and underwriter alongside GIB Capital, AlRajhi Capital, and Alinma Invest. Receiving agents include SNB Capital, SAB Invest, BSF Capital, ANB Capital, and Derayah Financial, among others.<\/p>\n<p class=\"tag-border-left\">IN OTHER <strong>IPO<\/strong> NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Derayah Financial\u2019s retail offering \u2014 which wrapped up last week \u2014 was covered c.15x<\/strong>, with investors putting in SAR 2.26 bn in orders, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2742.pdf\" style=\"\" rel=\"noopener\">a disclosure (pdf)<\/a> to Tadawul. The two-day individual subscription period saw some 586.4k investors fully subscribe to the 4.99 mn shares on offer at SAR 30 apiece.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The first brokerage firm to hit the main market is looking to raise some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/efec9da1-d709-49f5-9028-2049b34876d7\/%253cmark%253ederayah%253c%2Fmark%253e-financial-is-set-to-become-the-first-brokerage-to-go-public-on-tadawul\" style=\"\" rel=\"noopener\">SAR 1.5 bn<\/a> in what would make it the second-largest IPO in Saudi Arabia so far this year in terms of proceeds, coming in behind <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bebe0faf-d978-4c0d-97f6-600f33715b8e\/umm-al-qura-sets-sar-14-15-indicative-price-range-ahead-of-tadawul-ipo\" style=\"\" rel=\"noopener\">Umm Al Qura\u2019s SAR 2 bn planned listing<\/a>. Derayah Financial is seeking a valuation of SAR 7.49 bn at listing, following the secondary sale of a 20% stake. Its institutional offering was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e36c8999-ca46-438c-8b46-9deef68ec4bb\/%253cmark%253ederayah%253c%2Fmark%253e-financial-prices-tadawul-ipo-at-the-top-of-the-guidance-range-at-sar-30-per-share\" style=\"\" rel=\"noopener\">162x oversubscribed<\/a>, with orders exceeding SAR 243 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong>Our friends at HSBC Saudi Arabia are quarterbacking the transaction as the sole lead financial advisor, bookrunner, global coordinator, and lead manager, with&nbsp;Baker McKenzie acting for HSBC as the sole underwriter.<\/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\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/umm-al-qura-development-and-construction\/\">Umm Al Qura Development and Construction<\/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=\"94852\" 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=\"94852\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/pif-eyes-stake-in-aerostructure-unit-of-italys-leonardo\/\">\r\n                            PIF eyes stake in aerostructure unit of Italy\u2019s Leonardo                        <\/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\/03\/02\/pif-eyes-stake-in-aerostructure-unit-of-italys-leonardo\/\" 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 ongoing talks may include plans to build a civil aviation manufacturing plant in Saudi Arabia, the people said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timing checks out: <\/strong>The sources said delegates from the PIF toured Leonardo\u2019s southern Italy facilities earlier this week, just as CEO Roberto Cingolani \u2014 who recently confirmed securing <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/leonardo-finds-new-partner-aerostructures-unit-after-boeing-issues-2025-02-20\/\" style=\"\" rel=\"noopener\">a new investment partner<\/a> \u2014 prepares to unveil details at the company\u2019s strategy update on Tuesday, 11 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Throwing a lifeline: <\/strong>The PIF\u2019s potential investment would provide much-needed financial support for Leonardo\u2019s struggling aerostructure division which supplies key parts for Boeing\u2019s 787 Dreamliner and Airbus A220 but has been hit by US production slowdowns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A foot in the door for Saudi\u2019s fighter jet ambitions: <\/strong>An agreement would pave the way for the Kingdom to be included in Leonardo\u2019s next-generation fighter jet program, which is currently being developed with British and Italian partners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Leonardo: <\/strong>Founded in 1948, Leonardo, which is 30% owned by the Italian government, operates through five main divisions \u2014 Helicopters, Aircraft, Aerostructures, Electronics, and Cybersecurity. Its Aerostructures arm focuses on producing and assembling major structural components for commercial and military aircraft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>Leonardo\u2019s aerostructure division employs some 4k people across four plants in southern Italy. The company reported <a target=\"_blank\" href=\"https:\/\/www.leonardo.com\/en\/investors\/results-and-reports\/sector-results\" style=\"\" rel=\"noopener\">revenues<\/a> of EUR 746 mn last year and an EBITDA loss of EUR 151 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Italian Prime Minister Giorgia Meloni visited the Kingdom in January where she and Crown Prince and Prime Minister Mohammed bin Salman inked <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d5d9c391-0fbf-45a4-94a5-2b3ba452bf30\/%253cmark%253e%253c%2Fmark%253eitaly%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eksa%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esign%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e10%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eagreements%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 10 bn<\/a> worth of agreements, including a USD 3 bn multi-currency facility agreement from Sace to Neom backed by nine international banks.<\/p>\n<p class=\"tag-border-left\">ALSO IN M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The shareholders of S<\/strong><strong>outh African construction equipment outfit Barloworld rejected <\/strong><strong>Jeddah-based Zahid Group\u2019s takeover offer<\/strong>, which had proposed purchasing all shares at ZAR 120 apiece, valuing the company at some USD 1.3 bn, according to <a target=\"_blank\" href=\"https:\/\/barloworld.com\/news\/press-releases\/news_article.php?articleID=15459\" style=\"\" rel=\"noopener\">a press release<\/a>. The rejection triggered a standby offer by the Zahid consortium at the same price. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-26\/barloworld-shareholders-reject-saudi-zahid-s-takeover-plan\" style=\"\" rel=\"noopener\">Bloomberg<\/a> also has the story.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What swayed the vote: <\/strong>The transaction failed to meet the 75% approval threshold, with key shareholders \u2014 including the Public Investment Corp., which holds a 22% stake \u2014 rejecting it due to concerns over corporate governance and the board's handling of the transaction. Other investors, such as London-based Silchester International Investors, had previously stated their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b6fdf331-4b79-4318-9ed3-0ee0aa6a8673\/zahid%25e2%2580%2599s-usd-1.2-bn-takeover-bid-of%253cmark%253e-barloworld%253c%2Fmark%253e-represents-a-fair-value--bloomberg\" style=\"\" rel=\"noopener\">refusal to sell<\/a> for less than ZAR 130 per share.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Heavy equipment distributor Zahid and Entsha <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9eecc400-f488-408c-b2c6-60fb6b50b533\/\" style=\"\" rel=\"noopener\">placed a bid<\/a> to fully acquire Barloworld in December 2024, offering a 30% premium on its last closing price and a ZAR 3.10 dividend. Zahid, holding a 19% stake in the firm, was looking to reap gains from an uptick in construction activity in the African market, projected to expand 27% by 2029 on the back of government outlays for infrastructure and strong consumer demand.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Saudi To<\/strong><strong>urism Development to fully acquire Manafea:<\/strong> <a target=\"_blank\" href=\"https:\/\/stdc.com.sa\/\" style=\"\" rel=\"noopener\">Saudi Tourism Development<\/a><a target=\"_blank\" href=\"https:\/\/stdc.com.sa\/\" style=\"\" rel=\"noopener\">(STDC)<\/a> is acquiring the remaining 70% stake in Manafea Andalus for Development and Real Estate Investment from Tadawul-listed developer <a target=\"_blank\" href=\"https:\/\/alandalus.com.sa\/\" style=\"\" rel=\"noopener\">Alandalus<\/a><a target=\"_blank\" href=\"https:\/\/alandalus.com.sa\/\" style=\"\" rel=\"noopener\">Property<\/a> for SAR 15 mn, Alandalus said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85491&amp;anCat=1&amp;cs=4320&amp;locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to the bourse. STDC already holds a 30% stake in Manafea. The sum will be paid out in three equal installments, with Alandalus set to use the proceeds to finance its expansion projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Manafea: <\/strong>Manafea\u2019s primary focus is managing and operating leasing for commercial centers across the Kingdom. The company\u2019s net income more than doubled in 2023, coming in at SAR 1.5 mn, according to the filing. The company\u2019s asset book value stood at SAR 17.4 mn as of the end of 2023.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/leonardo\/\">Leonardo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94855\" 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=\"94855\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/snb-offloads-sar-3-4-bn-mortgage-portfolio-to-saudi-real-estate-refinance\/\">\r\n                            SNB offloads SAR 3.4 bn mortgage portfolio to Saudi Real Estate Refinance                        <\/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\/03\/02\/snb-offloads-sar-3-4-bn-mortgage-portfolio-to-saudi-real-estate-refinance\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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SAR 3.4 bn mortgage portfolio to Saudi Real Estate Refinance&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/snb-offloads-sar-3-4-bn-mortgage-portfolio-to-saudi-real-estate-refinance\/\">\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\/03\/02\/snb-offloads-sar-3-4-bn-mortgage-portfolio-to-saudi-real-estate-refinance\/&title=SNB offloads SAR 3.4 bn mortgage portfolio to Saudi Real Estate Refinance\">\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 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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94856\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/snb-offloads-sar-3-4-bn-mortgage-portfolio-to-saudi-real-estate-refinance\/180-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/180.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"180.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/180.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/180.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94855\" class=\"content-area-description single-story post-94855 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-enterpriseam-ksa tag-ma-watch tag-mortgage tag-public-investment-fund-pif tag-real-estate tag-saudi-real-estate-refinance-company-src 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\/3\/.c59ceefc-8b6e-4116-b8c7-5c3750cc6c2b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>SRC <\/strong><strong>acquires SAR 3.4 bn mortgage portfolio from SNB:<\/strong> The Saudi National Bank (SNB) agreed to sell a SAR 3.4 bn real estate financing portfolio to the <a target=\"_blank\" href=\"https:\/\/srco.com.sa\/en\/\" style=\"\" rel=\"noopener\">Saudi Real Estate Refinance Company (SRC)<\/a>, the real estate finance arm of the Public Investment Fund, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%84%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A-%D9%88%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%8A%D8%B9%D8%B2%D8%B2%D8%A7%D9%86-%D8%B4%D8%B1%D8%A7%D9%83%D8%AA%D9%87%D9%85%D8%A7-%D8%B9%D8%A8%D8%B1-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%B4%D8%B1%D8%A7%D8%A1-%D9%85%D8%AD%D9%81%D8%B8%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84-wpn40bml\" style=\"\" rel=\"noopener\">a press release<\/a>. The move comes as the Kingdom aims to modernize and expand its real estate finance sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> SNB offloaded the portfolio to boost liquidity, allowing it to issue more loans to new borrowers in a bid to increase homeownership among Saudi nationals, according to the press release. The agreement also helps lay the foundation for creating residential mortgage-backed securities, to encourage local and global investors to tap into the local market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SRC has been growing its portfolio:<\/strong> SRC signed an agreement in December to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b5608956-ef8e-42ff-9587-12bc5824336a\/src-acquires-sar-1-bn-mortgage-portfolio-from-bidaya\" style=\"\" rel=\"noopener\">acquire a<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b5608956-ef8e-42ff-9587-12bc5824336a\/src-acquires-sar-1-bn-mortgage-portfolio-from-bidaya\" style=\"\" rel=\"noopener\">SAR 1 bn mortgage portfolio<\/a> from <a target=\"_blank\" href=\"https:\/\/www.bidaya.com.sa\/en\/\" style=\"\" rel=\"noopener\">Bidaya Finance<\/a>. It also inked an MoU with Saudi Mortgage Guarantees Services Company (Damanat) in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ea36b34c-d72c-47cb-8dda-31f34e2dd0fc\/%253cmark%253e%253c%2Fmark%253ealmarai%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eset%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efully%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etake%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eover%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ejordan%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebased%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edairy%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eproducer%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehammoudeh%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efood%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eindustries%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">October<\/a> that would see Damanat provide coverage for the mortgage portfolios owned by SRC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The government is rolling out policies \u2014 including buyer-friendly mortgages \u2014 as it looks to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/fc63df48-ceb1-4572-aecd-0280d03dcef2\/jeddah-and-riyadh-lead-3q-2024-rental-yields-and-property-prices\" style=\"\" rel=\"noopener\">achieve a 70% home ownership target by 2030<\/a>, but the Kingdom also needs to build out an additional 1.2 mn housing units by 2030 to meet that goal. The state-run National Housing Company has been tasked with building <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/27a1f325-0008-46af-86f4-1026f0542c8d\/\" style=\"\" rel=\"noopener\">affordable housing options<\/a>, with 200k homes in the pipeline as it targets 300k by the end of 2025, according to recent estimates.<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mortgage\/\">mortgage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-real-estate-refinance-company-src\/\">Saudi Real Estate Refinance Company (SRC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94857\" 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=\"94857\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/more-and-more-earnings-2\/\">\r\n                            More and more 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\/03\/02\/more-and-more-earnings-2\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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(<\/strong><strong>Tawuniya)<\/strong><strong> reported a 65.8% y-o-y increase in <\/strong><strong>net income at SAR 1.02 bn in 2024<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85475&anCat=1&cs=8010&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company\u2019s ins. revenues saw 19.7% y-o-y growth during the year at SAR 18.27 bn, driven by growth across its main divisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Tawuniya plans to enter Saudi Arabia\u2019s reins. sector in 2025, with a decision expected within the next two quarters, CEO Othman Al Qasabi told Asharq Business <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/72208\/%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86%D9%8A%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%AF%D8%AE%D9%88%D9%84-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%AA%D8%A3%D9%85%D9%8A%D9%86-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%AE%D9%84%D8%A7%D9%84-2025\/\" style=\"\" rel=\"noopener\">(watch, runtime: 13:00)<\/a>. The company holds a 30% share in the market, with health ins. accounting for 70% of its portfolio, Al Qasabi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ELM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF-o<\/strong><strong>wned digital <\/strong><strong>solutions <\/strong><strong>provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/elm.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Elm Company<\/a><\/strong><strong>\u2019s net income grew 34.7% y-o-y to <\/strong><strong>SAR 1.8 bn in 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85495&anCat=1&cs=7203&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Elm\u2019s top line grew 25.6% y-o-y to SAR 7.4 bn during the year on the back of growth in digital and process outsourcing businesses, which offset a 35.2% increase in operating expenses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Elm\u2019s BoD is distributing SAR 310.8 mn in interim dividends for 2H 2024 at SAR 4 apiece, it said in a separate <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85497&anCat=1&cs=7203&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. Distribution is scheduled for Monday, 17 March.<\/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\">GASCO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nati<\/strong><strong>onal Gas and Industrialization\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gasco.com.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">(Gasco)<\/a><\/strong><strong> net income increased 9.4% y-o-y<\/strong> <strong>to SAR <\/strong><strong>248.7 mn in 2024<\/strong>, driven by higher gross income and lower zakat expenses, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85474&anCat=1&cs=2080&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues grew 16.7% y-o-y to SAR 2.9 bn on the back of an increase in gas sales, as well as rising returns from cylinder sales and commercial projects.<\/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\">ADVANCED PETROCHEMICAL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advan<\/strong><strong>ced Petrochemical<\/strong><strong> reported a SAR 259 mn net loss<\/strong>, falling to the red from a SAR 171 mn net income in 2023, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85485&anCat=1&cs=2330&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The drop was attributed to a 10% rise in propane prices and losses from the South Korean petrochemical company <a target=\"_blank\" href=\"http:\/\/www.skadvanced.com\/main.html\" style=\"\" rel=\"noopener\">SK Advanced<\/a> \u2014 which posted losses the past three years, prompting the company to consider an exit, CEO Fahad Al Mutrafi told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/27\/-%D8%A7%D9%84%D9%85%D8%AA%D9%82%D8%AF%D9%85%D8%A9-%D9%84%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%AA%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D9%84%D8%B9%D9%88%D8%AF%D8%A9-%D9%84%D9%84%D8%B1%D8%A8%D8%AD%D9%8A%D8%A9-%D9%81%D9%8A-2025-%D9%88%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A7%D9%84%D8%AA%D8%AE%D8%A7%D8%B1%D8%AC-%D9%85%D9%86-%D8%A7%D8%B3-%D9%83%D9%8A-%D8%A3%D8%AF%D9%81%D8%A7%D9%86%D8%B3%D8%AF-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, the company\u2019s revenues fell 7.6% y-o-y<\/strong> to SAR 2.2 bn, driven by a 10% drop in sales volume due to periodic scheduled maintenance.<\/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\">GIG-<\/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.gig.sa\/\" style=\"\" rel=\"noopener\">Gulf In<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gig.sa\/\" style=\"\" rel=\"noopener\">s. Group (GIG)<\/a><\/strong> <strong> saw <\/strong><strong>its net income fall 3.4% y-o-y to SAR 92.4 mn in 2024<\/strong>, driven by lower car ins. revenues and higher operating expenses, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85476&anCat=1&cs=8250&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues were down 6.5% y-o-y at SAR 1.46 bn.<\/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\">ARABIAN PIPES-<\/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.arabian-pipes.com\/cgi-sys\/defaultwebpage.cgi\" style=\"\" rel=\"noopener\">Arabi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arabian-pipes.com\/cgi-sys\/defaultwebpage.cgi\" style=\"\" rel=\"noopener\">an Pipes<\/a><\/strong><strong> reported a 27.3% y-o-y increase in its net income to SAR 168.2<\/strong><strong> mn in <\/strong><strong>2024<\/strong>, driven by growing sales volumes due to higher production and supply efficiency rates, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/5.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues increased 4.5% y-o-y to SAR 1.1 bn in 2024, buoyed by recent acquisitions which allowed the company to increase sales and production levels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The board recommended distributing SAR 22.5 mn in dividends for 2024 at SAR 0.15 apiece, the pipe maker said in a separate <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85481&anCat=1&cs=2200&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The executive board also recommended a 33% capital increase to SAR 200 mn through the capitalization of retained earnings, with shareholders getting an additional share for every 3 shares owned, according to another <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85478&anCat=1&cs=2200&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The increase will finance future expansion plans.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/advanced-petrochemical\/\">Advanced Petrochemical<\/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\/elm-company\/\">Elm Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gulf-ins-group-gig\/\">Gulf Ins. Group (GIG)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tawuniya-for-cooperative-ins\/\">Tawuniya for Cooperative 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=\"94859\" 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=\"94859\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/arab-energy-fund-issues-usd-650-mn-5-year-senior-bond\/\">\r\n                            Arab Energy Fund issues USD 650 mn 5-year senior bond                        <\/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\/03\/02\/arab-energy-fund-issues-usd-650-mn-5-year-senior-bond\/\" 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 bond was rated Aa2 (stable) by Moody\u2019s and AA+ (stable) by Fitch and priced at 80 bps above the secured overnight financing rate (SOFR) Mid-Swap, with a yield of 4.9%. The issuance was increased from an initial USD 500 mn to USD 650 mn due to strong demand, after the order book was 1.4x oversubscribed. Investors placed orders over USD 935 mn, with 40% of the orderbook coming from outside the MENA region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>BSF Capital, Doha Bank, First Abu Dhabi Bank, Mashreq, Nomura, and Standard Chartered served as joint lead managers and bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The gov<\/strong><strong>ernment-backed savings program Sah plans to adopt the ijara structure<\/strong><strong> in its<\/strong><strong> next <\/strong><strong>issuance<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ndmc.gov.sa\/mediacenter\/news\/Pages\/News_27022025.aspx\" style=\"\" rel=\"noopener\">statement<\/a> by the National Debt Management Center (NDMC). The ijara-based Sah sukuk, a shariah-compliant government-backed savings product for individuals, will receive subscriptions between today and Tuesday through SNB Capital, Aljazira Capital, Alinma Investment, Sab Invest, and Al Rajhi Capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uhm, Enterprise \u2026 What\u2019s ijara?<\/strong> Ijara is a shariah-compliant financing tool that allows individuals to save and\/or acquire private property. For example, a person might lease a home from a bank for a fixed period, after which ownership is transferred to the client.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Budget carrier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.flynas.com\/en\" style=\"\" rel=\"noopener\">Flynas<\/a><\/strong><strong> lined up a SAR 495 mn (USD 132 mn) murabaha facility with <\/strong><strong>Bank<\/strong><strong> AlJazira<\/strong> to finance the purchase of three Airbus A320neo aircraft, it said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/flynas_we-are-thrilled-to-announce-the-successful-activity-7300899764550696961-2eJO\/?utm_source=share&utm_medium=member_desktop&rcm=ACoAACyMpSgBo8_cF1uBTXBE_UuwTYAdUJ-CM-g\" style=\"\" rel=\"noopener\">post on LinkedIn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Flynas placed a USD 30 bn order with Airbus <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3300377e-f410-4894-bd9c-e0d8b2be5ef9\/hassan-allam-unit-lands-port-of-neom-container-terminal-contract#:~:text=Flynas%E2%80%99%20order%20with%20Airbus%20now%20has%20a%20figure%20attached%20to%20it%20%E2%80%94%20USD%2030%20bn%3A%20This%20value%20makes%20it\" style=\"\" rel=\"noopener\">back in July<\/a> for 30 wide-body A330neo and 130 narrow-body A320 aircraft, doubling its total Airbus orders to 280 \u2014 with deliveries set to roll out between 2027 to 2034.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FOOD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/modon.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Ge<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/modon.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">neral Authority for Industrial Cities and Technology Zones (Modon)<\/a><\/strong><strong> signed <\/strong><strong>two <\/strong><strong>new contracts to support food localization efforts<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/saudi-authority-for-industrial-cities-and-technology-zones_aetaexaeu-activity-7300925093768003585-J2Xc?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAAoCoEEBdfXINxwhVEfDgQbluFCyXb7HJBA\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. One of the agreements was signed with the Tadawul-listed milling company <a target=\"_blank\" href=\"https:\/\/www.firstmills.com\/en\/\" style=\"\" rel=\"noopener\">First Mills<\/a> to <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/saudi-authority-for-industrial-cities-and-technology-zones_aetaexaeu-activity-7300580750758744064-Hp9x?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAAoCoEEBdfXINxwhVEfDgQbluFCyXb7HJBA\" style=\"\" rel=\"noopener\">invest SAR 80 mn<\/a> in a 54k sqm plot. The other agreement was signed with ready meals manufacturer Al Zad Food to <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/saudi-authority-for-industrial-cities-and-technology-zones_aetaexaeu-activity-7300581246865174528-9zTu?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAAoCoEEBdfXINxwhVEfDgQbluFCyXb7HJBA\" style=\"\" rel=\"noopener\">invest SAR 154 mn<\/a> in a 19k sqm plot. Both plots are located in Jeddah\u2019s 3rd Industrial City.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sipche<\/strong><strong>m gets the go-ahead to allocate feedstock for upcoming petrochemical complex:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.sipchem.com\/en\/\" style=\"\" rel=\"noopener\">Sahara International Petrochemical Company (Sipchem)<\/a> received the Energy Ministry\u2019s green light to allocate the feedstock for the establishment of a joint petrochemical complex with US-based <a target=\"_blank\" href=\"https:\/\/www.lyondellbasell.com\/\" style=\"\" rel=\"noopener\">LyondellBasell<\/a> in Jubail Industrial City, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85467&anCat=1&cs=2310&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\"><strong>Sipchem will own 60% of the new facility, with LyondellBasell owning the remaining 40%.<\/strong> The facility has a projected production capacity of 1.5 mn tons of ethylene and 1.8 mn tons of derivative products per annum, including basic and specialty polymers.<\/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\/arab-energy-fund\/\">Arab Energy Fund<\/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=\"94861\" 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=\"94861\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/02\/bybit-hack-fuels-btc-sell-off-amid-broader-market-jitters\/\">\r\n                            Bybit hack fuels BTC sell-off amid broader market jitters                        <\/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\/03\/02\/bybit-hack-fuels-btc-sell-off-amid-broader-market-jitters\/\" 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 theft of the roughly USD 1.5 bn of digital tokens at points led to the value of BTC reaching as low as USD 79.3k, marking a 28.2% drop from a record high of USD 109.2k on 20 January, the day of Donald Trump\u2019s inauguration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The theft has left some crypto investors spooked<\/strong>, with the cyberattack targeting a cold wallet \u2014 understood to be one of the safest and most secure ways to store tokens. Concerns about the security of decentralized finance are pointed to by market participants as the reason for the sell off.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The FBI has linked the Bybit theft to North Korea<\/strong>, warning that stolen assets \u2014 converted into BTC and other digital tokens \u2014 are being laundered across multiple blockchains, it said in a <a target=\"_blank\" href=\"https:\/\/www.ic3.gov\/PSA\/2025\/PSA250226\" style=\"\" rel=\"noopener\">statement<\/a> last week. With the country\u2019s demonstrated ability to conduct sophisticated operations to steal cryptocurrency \u2014 amounting to USD 1.3 bn in 47 separate heists in 2024, according to a report cited by the <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/feb\/27\/north-korea-bybit-crypto-exchange-hack-fbi\" style=\"\" rel=\"noopener\">Guardian<\/a> \u2014 the fear is that large crypto heists will become more commonplace as hackers continue to uncover vulnerabilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BTC\u2019s decline isn\u2019t just about Bybit, <\/strong>as investor enthusiasm for pro-crypto policies under the Trump administration has begun to wane amid rising inflation concerns and a perceived stalling of political momentum in support of digital tokens, <a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2025\/02\/26\/bitcoin-prices-plunge-to-almost-82000-as-political-momentum-stalls\/\" style=\"\" rel=\"noopener\">Forbes<\/a> reports.<\/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\">12,112<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,515<\/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\">-1.2% (YTD: +5.5%)<\/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>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\">31,404<\/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: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">30,610<\/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: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,613<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +2.1%)<\/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>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\">5,361<\/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: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">+1.6% (YTD: +1.2%)<\/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>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\">8,810<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,464<\/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: +11.6%)<\/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>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 72.81<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.83<\/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\">-2.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,849<\/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\">-1.6%<\/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>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 85,855<\/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\">-1.9% (YTD: -8.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI fell 1.0% on Thursday <\/strong>on turnover of SAR 8.3 bn. The index is up 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> Awpt (+4.5%), Spm (+2.7%) and Banan (+2.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Zain Ksa (-4.6%), Siig (-4.1%) and Shaker (-3.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong><strong> rose 0.4% on Thursday <\/strong>on turnover of SAR 44.3mn. The index is down 71.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Leaf (+9,6%), Ame (+9.4%) and Bena (+8.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Leen AlKhair (-8.9%), Ufg (-8.0%) and Cmcer (-5.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.kaec.net\/\" style=\"\" rel=\"noopener\">Emaar,<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kaec.net\/\" style=\"\" rel=\"noopener\">The Economic City<\/a><\/strong><strong> completed a 53.8% capital reduction<\/strong> <strong>to <\/strong><strong>SAR 5.2 bn<\/strong>, canceling some 610k shares to eliminate capital losses, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85496&anCat=1&cs=4220&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The master developer of King Abdullah Economic City accumulated net losses and revenue drops in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/4.pdf\" style=\"\" rel=\"noopener\">1Q 2024<\/a>, <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/3.pdf\" style=\"\" rel=\"noopener\">2Q 2024<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f84959c5-2f61-4a16-9c58-d290e25058fa\/earnings-season-continues-at-full-swing\" style=\"\" rel=\"noopener\">3Q 2024<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scienti<\/strong><strong>f<\/strong><strong>ic & Medical Equipment House shareholders pledged to collectively hold a 43% <\/strong><strong>stake in the company through 2026 <\/strong>and to subscribe to additional shares if necessary to maintain this percentage, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85486&anCat=1&cs=4014&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The shareholders include six major stakeholders, each holding at least 5%, and 11 additional shareholders with a combined 13% ownership.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/exchange-traded-fund-etf\/\">exchange-traded fund (ETF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mashreq-bank\/\">Mashreq Bank<\/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=\"94863\" 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\/03\/02\/94863\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94863\" class=\"content-area-description single-story post-94863 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;\">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. <\/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;\">5-7 March (Wednesday-Friday): Retail bookbuilding period for Umm Al Qura for Development and Construction\u2019s Tadawul IPO. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 March (Thursday): Final allocation of shares for Umm Al Qura for Development and Construction\u2019s Tadawul IPO.  <\/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>28 April- 30 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/automechanika-riyadh.ae.messefrankfurt.com\/riyadh\/en.html\" style=\"\">Automechanika Riyadh<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention and Exhibition Center, 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;\">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>PIF eyes Leonardo | SRC snaps up mortgage portfolio from SNB | Tawuniya earnings<\/p>\n","protected":false},"featured_media":94846,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-94845","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"fbc9d4eb-0afc-4757-8ecb-5dc812de920b","teaser":"PIF eyes Leonardo | SRC snaps up mortgage portfolio from SNB | Tawuniya earnings","photo_url":"https:\/\/ent.news\/2024\/4\/578.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>Umm Al Qura for Development prices IPO at SAR 15, stands to rake in SAR 2 bn in proceeds - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/umm-al-qura-for-development-prices-ipo-at-sar-15-stands-to-rake-in-sar-2-bn-in-proceeds\/\" \/>\n<meta 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