{"id":94923,"date":"2025-03-04T00:00:00","date_gmt":"2025-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=94923"},"modified":"2025-12-14T20:26:16","modified_gmt":"2025-12-14T20:26:16","slug":"saudi-arabia-dominates-gcc-bond-and-sukuk-issuances-in-2024-markaz","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/saudi-arabia-dominates-gcc-bond-and-sukuk-issuances-in-2024-markaz\/","title":{"rendered":"Saudi Arabia dominates GCC bond and sukuk issuances in 2024 -Markaz"},"content":{"rendered":"<section id=\"94925\" 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=\"94925\">\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\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/\">\r\n                            THIS MORNING: Starbucks flagship store in Diriyah square? + PwC is trying to smooth over tensions                        <\/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\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Starbucks flagship store in Diriyah square? + PwC is trying to smooth over tensions&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/\">\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\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/&title=Starbucks flagship store in Diriyah square? + PwC is trying to smooth over tensions\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Starbucks+flagship+store+in+Diriyah+square%3F+%2B+PwC+is+trying+to+smooth+over+tensions+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F04%2Fstarbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/269.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94926\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/starbucks-flagship-store-in-diriyah-square-pwc-is-trying-to-smooth-over-tensions\/269-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/269.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"269.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/269.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/269.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94925\" class=\"content-area-description single-story post-94925 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-diriyah tag-enterpriseam-ksa tag-pwc tag-starbucks tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.3d3cc0c9-0814-4949-94b4-44284f273cbc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Good morning<\/strong>. The Ramadan slowdown went into full effect this morning as we enter the fourth day of the holy month. While we wait for Aramco\u2019s earnings announcement, we delve into the latest Markaz data on GCC issuances in 2024 (spoiler: Saudi Arabia dominates). We also unpack Tadawul\u2019s performance numbers in February, and a report from Deloitte on our growing real estate sector. Let\u2019s dive in.<\/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 5:57pm today in Riyadh. You\u2019ll have until fajr prayers at 4:54am tomorrow to finish your sohour.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\u26a0\ufe0f<strong>WEATHER- <\/strong>A chance of medium to heavy thunderstorms across most areas of the Kingdom until Thursday, including Madinah, Makkah, Jeddah, Al Taif, and Riyadh.<\/p>\n<ul>\n<li><strong>Riyadh<\/strong>: 21\u00b0C daytime \/ 8\u00b0C overnight<\/li>\n<li><strong>Makkah<\/strong>: 36\u00b0C daytime \/ 20\u00b0C overnight<\/li>\n<li><strong>Madinah<\/strong>: 30\u00b0C daytime \/ 10\u00b0C overnight<\/li>\n<\/ul>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco is set to release its 2024 financial results today<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\" style=\"\" rel=\"noopener\">website<\/a>. You can tune into the <a target=\"_blank\" href=\"https:\/\/webcast.openbriefing.com\/11523\/\" style=\"\" rel=\"noopener\">audio webcast<\/a> of its earnings call here. Analysts expect Aramco's income to fall 8% y-o-y, along with an 11% y-o-y drop in revenues, with Aramco expected to carry on its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9ddba140-a378-433b-8c0a-4cd3f85cc88f\/\" style=\"\" rel=\"noopener\">\u201cclear downward trend\u201d<\/a> as a result of current oil prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>HKC Ceramics to debut on Nomu tomorrow<\/strong>: Shares of Local marble and porcelain supplier <a target=\"_blank\" href=\"https:\/\/www.hkc-sa.com\/\" style=\"\" rel=\"noopener\">HKC Ceramics (Hedab Alkhaleej Trading Company)<\/a> will begin trading on the Nomu parallel market tomorrow, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/vZJNc4IwEIb_ij30yGQBIXikX6iDVURQcmEiRJsWAmpa-vMbtYfq-NHpoZkc9s28m93NE0TQDBFBP_iSSl4JWiidEDu1XBuMrgNDb-LrEMTYd-JgokOvjWJEECmqjBYMJUxsVZ3xHCUWzhZ4zrBm6znW2jqdax2c2ZpJbZOanTybg7V1Z0LW8gUlkua0eS9SJm5hQ7VvuYvrNc_Yhoqci5ypaHcoWLMPSrp-Y3IvM_lDaq2CbyQXyxaYmtoGGBaaHg7kDDwbgmc3GBrYAi8GRC7Pe5QP4ciC4Gk0MH0Ygwf27_LhzHKv1g_VGyfqDnzW5KoiH5w1KBLVulQMw-0zT-8HaRA9jlXun2l1AfWv9ac-DH9drYiryFZCsk-JZv-Glhx2N3Q7WMHp33k93zUdGx8bTtA_NJzAuzNc4FeXpWOWWhTNmmbSLdMHfxH2uHvzBf8bnY4!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">a Tadawul statement<\/a>. The company\u2019s shares will be allowed to fluctuate within a 30% band on the first three days of trading, after which price fluctuations will be capped at 10% as circuit breakers take effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> HKC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1d38df11-06c3-49ce-830b-c329b80c8c14\/hkc-ceramics-gears-up-for-an-ipo-on-tadawul%25e2%2580%2599s-parallel-market-nomu\" style=\"\" rel=\"noopener\">took a 10.67% stake<\/a> to market in a primary offering limited to qualified institutional investors, in a bid to finance its expansion plans and reduce its existing liabilities. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e6a994ae-9162-4a46-a76d-4e82ebfa9374\/%253cmark%253ehkc%253c%2Fmark%253e%253cmark%253e-ceramics%253c%2Fmark%253e-wraps-up-ipo-ahead-of-listing-on-nomu\" style=\"\" rel=\"noopener\">priced its IPO<\/a> at SAR 52 per share \u2014 the top of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ec35a1c8-1e17-4fa6-be4c-735b94247ee0\/hedab-al-khaleej-sets-indicative-price-range-for-nomu-ipo\" style=\"\" rel=\"noopener\">range it was guiding on<\/a> \u2014 after its Nomu offering closed 1.7x covered. The final price saw the company raise some SAR 41.6 mn in IPO proceeds, giving it a market cap of SAR 390 mn at listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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 five-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/8.pdf\" style=\"\" rel=\"noopener\">retail bookbuilding<\/a><\/strong><strong> period for Umm Al Qura Development and<\/strong><strong> Construction\u2019s Tadawul IPO will kick off tomorrow<\/strong>, 5 March to run until next Sunday, 9 March. Retail investors can subscribe to up to 2.5 mn shares with a minimum of 10 shares each. The final decision is set for Thursday, 13 March, with 13.08 mn shares reserved for retail investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign <\/strong><strong>trucks must secure the required local permits to transport goods within Saudi <\/strong><strong>Arabia<\/strong>, the Transport General Authority said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Saudi_TGA\/status\/1896511094237335798\/photo\/1\" style=\"\" rel=\"noopener\">post on X<\/a>. Failing to adhere to this will subject companies or individuals contracting the trucks to fines ranging from SAR 10k to SAR 5 mn. Additional penalties include temporary truck seizure, deportation of non-Saudi drivers operating without a license, and truck confiscation for repeat offenses. The decision came after last week\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/65d5efbc-83ba-4f5b-b0af-94746299b74f\/%253cmark%253ecabinet%253c%2Fmark%253e-approves-land-transport-law\" style=\"\" rel=\"noopener\">cabinet approval<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> 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>Diriyah, Starbucks, and Alshaya in talks for flagship store<\/strong><strong>: <\/strong>PIF\u2019s <a target=\"_blank\" href=\"https:\/\/www.diriyahcompany.sa\/en\" style=\"\" rel=\"noopener\">Diriyah Company<\/a>, Kuwait-born <a target=\"_blank\" href=\"https:\/\/www.alshaya.com\/\" style=\"\" rel=\"noopener\">Alshaya Group<\/a>, and Starbucks\u2019 CEOs met to discuss a potential retail partnership in Diriyah square, including plans for a flagship Starbucks store within the 566k sqm open-air mixed-use development, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/diriyah-company_diriyahcompany-diriyah-aecaezaeraerabraepaesaexaezaehaeyaer-activity-7302294995581960194-2VmJ?utm_source=share&utm_medium=member_desktop&rcm=ACoAAD8II5EBnjT9C2vTwVGKNCUIfH3je67Sz-A\" 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>ICYMI-<\/strong> <strong>A potential IPO?<\/strong> Diriyah\u2019s CEO Jerry Inzerillo <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/855289a1-f76b-436b-9500-11f47d71263a\/first-phase-of-the-line%25e2%2580%2599s-hidden-marina-is-moving-forward-%2B-ceer-to-unveil-its-first-car-by-late-2025\" style=\"\" rel=\"noopener\">hinted<\/a> at a potential future public listing for Diriyah, citing strong investor interest and solid returns. This came after Diriyah\u2019s USD 64 bn development saw its early residential sales reach SAR 13-14 bn in deposits, largely driven by luxury property sales.<\/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>PwC is taking steps to smooth over tensions with Saudi Arabia and the PIF<\/strong>, with the consulting firm informing employees in an internal memo that the situation pertains to a \u201cclient\u201d matter rather than a regulatory issue, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/pwc-seeks-mend-relations-with-saudi-arabia-sources-say-2025-03-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing two sources it said are in the know. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/977dcf09-1dee-47d7-9bbe-622600de9fa6\/pwc-banned-from-advisory-contracts-with-pif%3F-%2B-lebanon-looks-to-reactivate-military-aid-package-from-saudi\" style=\"\" rel=\"noopener\">suspension<\/a> applies only to engagements between PwC and the PIF\u2019s holding company, while portfolio companies can still work with the firm, another source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> PwC was reportedly barred from securing advisory and consulting contracts from the fund and its subsidiaries until February 2026, two years after setting up its regional headquarters in Saudi Arabia, where it employs over 2k people. The Kingdom's <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\">consulting market<\/a>, the region\u2019s largest, was valued at USD 3.2 bn in 2023, up 18.2% from 2022.<\/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>Local rest<\/strong><strong>aurant manager and PoS solutions provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.foodics.com\/\" style=\"\" rel=\"noopener\">Foodics<\/a><\/strong><strong> plans to invest USD 100 <\/strong><strong>mn in restaurant tech<\/strong>, focusing on fintech and AI solutions for restaurants, CEO <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/alzaini\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">Ahmad AlZaini<\/a> told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/03\/02\/-%D9%81%D9%88%D8%AF%D9%83%D8%B3-%D8%A7%D9%84%D8%A7%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D9%86%D9%88%D9%8A%D8%A9-%D9%84%D9%84%D9%85%D8%B7%D8%A7%D8%B9%D9%85-%D9%88%D8%A7%D9%84%D9%85%D9%82%D8%A7%D9%87%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AC%D8%A7%D9%88%D8%B2%D8%AA-100-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%B1%D9%8A%D8%A7%D9%84\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The company holds over 30% of the Saudi market in restaurant tech, serving a sector that grows 5% annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Foodics <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0f36b036-137c-418c-b02b-ccb9768a3edb\/saudi-to-get-its-first-locally-constructed-offshore-rig\" style=\"\" rel=\"noopener\">fully acquired<\/a> UK-based online ordering solutions provider Solo Venture and invested in three startups last month. <\/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>Huajin Ar<\/strong><strong>amco project nears completion:<\/strong> The Huajin Aramco Petrochemical Company\u2019s USD 11.5 mn petrochemical project in China\u2019s Panjin is 60% complete, with mechanical work set to finish by September, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/oil-and-gas\/2025\/03\/02\/%D8%AA%D9%86%D9%81%D9%8A%D8%B0-60-%D9%85%D9%86-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%A8%D9%86%D8%A7%D8%A1-%D9%81%D9%8A-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%87%D9%88%D8%A7%D8%AC%D9%8A%D9%86-%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D9%81%D9%8A-%D8%A7%D9%84%D8%B5%D9%8A%D9%86\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reports. The company is a joint venture between Aramco (which holds a 30% stake), <a target=\"_blank\" href=\"http:\/\/en.norinco.cn\" style=\"\" rel=\"noopener\">NORINCO Group<\/a> (51%), and Panjin Xincheng Industrial Group (19%). The project will produce 15 mn tons of refined oil, 1.65 mn tons of ethylene, and 2 mn tons of paraxylene each year once operational.<\/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>Flagship<\/strong><strong> carri<\/strong><strong>er Saudia arrived on time for 86% and hit an<\/strong><strong> 88% on-time departure rate in<\/strong><strong> January<\/strong>, the General Authority of Civil Aviation (Gaca) <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1896199861160337866\/photo\/1\" style=\"\" rel=\"noopener\">said on X<\/a>. Budget airline Flyadeal came in second with an 80% on-time arrival rate and 83% on-time departure rate. Flynas followed with a 71% on-time arrival rate and 75% on-time departure rate during the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over to airports: <\/strong>Among international airports handling more than 15 mn passengers per year, King Khaled International Airport achieved an 86% on-time departure rate. For international airports handling between six to 15 mn passengers per year, King Fahd International Airport had an 81% on-time departure rate, while international airports handling two to five mn passengers per year saw King Abdullah bin Abdulaziz International Airport in Jizan lead with a 91% on-time departure rate. For international airports handling less than two mn passengers per year, Neom Bay International Airport was the most punctual at 97%, while domestic airports saw Sharurah Airport record a 97% punctuality rate for departures during the period.<\/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>Saudi Arabia<\/strong><strong>\u2019s <\/strong><strong>M3 money supply <\/strong><strong>grew 9% y-o-y in January to reach SAR 2.97 tn<\/strong>, according to the January 2024 <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/166.pdf\" style=\"\" rel=\"noopener\">Statistical Bulletin (pdf)<\/a> from SAMA. The largest contributors to the money supply were demand deposits (49%), time and savings deposits (33%), other quasi-cash deposits (10%), and banknotes in circulation outside banks (8%). Total liabilities were around SAR 5.2 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> M3 is the broadest measure of all the money in a country. It includes cash, current accounts, and other money that can be quickly mobilized (what econ-nerds call M2) as well as time deposits, money market funds, and the like.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the investment front:<\/strong> Saudi banks\u2019 cumulative investments in government bonds rose for the seventh consecutive month, hitting their peak at SAR 599.01 bn in January 2025, up 10.4% y-o-y and 1.2% m-o-m. These investments made up 73.7% of total public sector liabilities, which grew 16.4% y-o-y to SAR 813.02 bn. Bank credit to public institutions also increased by 36.9% to SAR 214.01 bn over the same period.<\/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>Saudi Arab<\/strong><strong>ia and Algeria cut LPG prices for March: <\/strong>Saudi Aramco and Algeria\u2019s Sonatrach lowered the official selling prices for liquefied petroleum gas for March by 0.9%-3.2% compared to February on the back of lower oil prices and weaker global demand, traders told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/sonatrach-saudi-aramco-cut-march-lpg-prices-by-1-3-2025-03-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Aramco's March price for propane was cut by USD 615 per metric ton, while butane prices were down to USD 605 per metric ton.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Qadisiyah overtook Al Nassr to claim the third spot in the Saudi Pro League (SPL)<\/strong>, after the Khobar-based team saw off Al Riyadh 1-0 while Cristiano Ronaldo\u2019s men fell to a 2-1 defeat away from home at Al Orobah. Meanwhile, an Ivan Toney hattrick dispatched Al Hilal in a five-goal thriller at the King Fahd International Stadium, depriving the blues from closing the gap at the top with Al Ittihad \u2014 which drew at home 1-1 with Al Akhdoud. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where things currently stand: <\/strong>Al Ittihad now sits at the top of the league with a six-point cushion between them and Al Hilal in second, while Al Qadisiyah is now three points clear of Al Nassr in third \u2014 which are only ahead of Al Ahli in 5th on goal difference. The gap between fifth and first spot currently stands at just 10 points with only 11 matchdays to go. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Al Hilal\u2019s Joao Cancelo will be out of commission for two months after sustaining<\/strong><strong> a hamstring injury<\/strong>, the club said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Alhilal_EN\/status\/1896307023790342150\" style=\"\" rel=\"noopener\">post on X<\/a>. Cancelo came to the SPL in the summer following a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/534730f1-79aa-4e8e-bb32-8a1c0b302df7\/today-on-nomu:-petrol-naas#:~:text=Joao%20Cancelo%3A%20Manchester%20City%20has%20signed%20off%20on%20defender%20Joao%20Cancelo%E2%80%99s%20GBP%2021.2%20mn\" style=\"\" rel=\"noopener\">GBP 21.2 mn transfer<\/a> from Manchester City. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/soccer\/al-hilals-cancelo-out-two-months-due-hamstring-injury-2025-03-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> also had the story.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF<\/strong><strong> AL HILAL- Liverpool\u2019s Dominik Szoboszlai is being linked with a move to <\/strong><strong>the club<\/strong>, which is reportedly preparing a EUR 120 mn bid for the 24-year-old Hungarian midfielder, according to <a target=\"_blank\" href=\"https:\/\/www.fichajes.net\/noticias\/oferta-120-millones-dominik-szoboszlai-20250302.html\" style=\"\" rel=\"noopener\">Fichajes<\/a>. The unconfirmed reports on Szoboszlai\u2019s potential move come while his Liverpool teammate Mohamed Salah is also being pursued by Saudi clubs as his Liverpool contract is set to expire this year. <\/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>Leaving no room for talks, Trump officially slapped 25% tariffs on Canada and Mexico <\/strong><strong>starting today.<\/strong> The levies \u2014 initially <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01bf2f0f-4981-45a1-9e47-0efa6b4c469c\/are-we-witnessing-the-death-of-usaid%3F\" style=\"\" rel=\"noopener\">postponed<\/a> after negotiations with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau \u2014 are now officially moving forward as part of Trump\u2019s push to pressure both countries on border security and fentanyl trafficking. Trump is also using the move to pressure Canada and Mexico to shift their manufacturing to the US, saying they\u2019re \u201cgoing to have a tariff\u201d unless they \u201cbuild their car plants, frankly, and other things in the United States, in which case they have no tariffs.\u201d Canadian Foreign Minister Melanie Joly warned that Ottawa is \u201cready\u201d to hit back with retaliatory measures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all \u2014Trump also signed off on doubling tariffs on Chinese imports to 20%. <\/strong>The White House justified the move by accusing Beijing of failing to curb illicit fentanyl shipments to the US. The directive goes into force today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Needless to say, markets recoiled <\/strong>\u2014The S&P 500 slid around 1.8%, marking its worst day since December and wiping out its year to date gains. The Dow Jones Industrial Average tumbled 1.5% and the Nasdaq fell 2.6%, as fears over US economic fallout materialized. Tech stocks also slid, with Nvidia tumbling over 8%. <strong>We have more in Planet Finance, below. <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/46b775e8-9f29-4a56-ae50-757b4c751fa9\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-tariffs-mexico-canada-b19e004dddb579c373b247037e04424b\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cn48q3150dxo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-02\/trump-barrels-toward-tariff-barrage-on-canada-mexico-and-china\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/02\/stock-futures-rise-slightly-in-overnight-trading-as-investors-await-tariff-news-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/trump-decide-us-tariff-levels-mexico-canada-tuesday-deadline-approaches-2025-03-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Trump paused all military aid to Ukraine as part of his efforts to push Ukrainian President Volodymyr Zelenskyy to take part in peace talks with Russia. Trump\u2019s decision comes days after a heated discussion between him and Zelenskyy. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-03\/trump-pauses-military-aid-to-ukraine-after-clash-with-zelenskiy?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-zelenskyy-russia-ukraine-a15a459c9a3a393d040478ebbe250a9e\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER BUSINESS NEWS- <\/strong>A Citigroup staffer nearly sent USD 6 bn to a customer\u2019s account after dropping the account number into the USD field by mistake \u2014 a typo with serious extra zeros. The error, caught the next business day, was reported to regulators. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-03\/citi-copy-paste-error-almost-sent-6-billion-to-wealth-account?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diriyah\/\">Diriyah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pwc\/\">PwC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/starbucks\/\">Starbucks<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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            <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+Arabia+dominates+GCC+bond+and+sukuk+issuances+in+2024+-Markaz+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F04%2Fsaudi-arabia-dominates-gcc-bond-and-sukuk-issuances-in-2024-markaz%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/saudi-arabia-dominates-gcc-bond-and-sukuk-issuances-in-2024-markaz\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/256.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94929\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/saudi-arabia-dominates-gcc-bond-and-sukuk-issuances-in-2024-markaz\/256-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/256.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"256.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/256.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/256.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94928\" class=\"content-area-description single-story post-94928 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseam-ksa 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\/.3d3cc0c9-0814-4949-94b4-44284f273cbc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Arabia <\/strong><strong>raised USD 79.5 bn from 79 primary bond and sukuk issuances in 2024<\/strong>, a 51.2% y-o-y increase from USD 52.5 bn in 2023, according to Kuwait Financial Center\u2019s (Markaz) <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/259.pdf\" style=\"\" rel=\"noopener\">fixed income research report (pdf)<\/a>. The Kingdom accounted for 53.7% of the GCC\u2019s total primary issuances volume at USD 147.9 bn last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Topping the charts: <\/strong>The top 10 corporate bond and sukuk issuances by value came from Saudi entities, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c1fde5fa-1b16-4e22-9133-004c8b057272\/%253cmark%253earamco-%253c%2Fmark%253elines-up-usd-3-bn-usd-denominated-sukuk-issuance\" style=\"\" rel=\"noopener\">Aramco\u2019s USD 2 bn issuance<\/a> being the largest single corporate offering in 2024. The largest sovereign issuance of the year was Saudi Arabia\u2019s USD 12.6 bn issuance. The Kingdom also led GCC sukuk issuances with USD 49.7 bn in total volume, a 72% share, while also leading conventional issuances with USD 29.8 bn (37.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>SAR-denominated issuances raised a total of USD 33.9 bn across 21 GCC issuances \u2014 surpassed only by USD-denominated issuances which made up 66.9% of the GCC total, raising USD 99.7 bn from 190 issuances.<\/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 REGIONAL PICTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE was the second top issuer in 2024<\/strong>, with 109 issuances totaling USD 38.5 bn, up 28.1% y-o-y and accounting for 26% of the market. Qatar came in third, raising USD 15.8 bn from 74 debt instruments, representing 10.7% of the total issuance volume.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>Kuwait logged in the highest y-o-y growth rate with 356%, followed by Qatar (236%) and Oman (84%). The Kingdom\u2019s 51.2% put it in fourth place.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Corporate issuances still on the top: <\/strong>Sovereign issuances grew to account for 46.1% of total issuances, up from 42.5% in 2023. However, corporate issuances remained dominant, accounting for 53.9% of total issuances and rising 45.5% y-o-y to USD 79.7 bn. Government-related corporate entities raised USD 17.4 bn, up 21.7% y-o-y, Markaz reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By sector:<\/strong> Both the government and financial sector issuances saw growth in size and number last year. Government issuances topped the charts at USD 68.2 bn raised across 46 issuances, while the financial sector raked in USD 51.3 bn across 203 issuances. The energy sector followed, raising USD 20.3 bn across 28 issuances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By tenor: <\/strong>Short-term issuances (under five years) nearly doubled, representing 36.5% of total issuances at USD 54 bn across 215 issuances. Mid-term issuances (5-10 years) followed at 34.7% of total issuances, raising USD 51.3 bn across 43 issuances, while long-term issuances (10\u201330 years) raked in USD 32.8 bn across 20 issuances. Perpetual issuances also increased to USD 7.8 bn across 17 issuances. A total of USD 93.3 bn in bonds will mature between 2029 and 2034, said the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Issuances <\/strong><strong>of USD 1 bn or more dominated the GCC primary market in 2024<\/strong>, accounting for 46.9% of the total issuance volume and raising USD 69.3 bn across 43 issuances in 2024. Issuances between USD 500 mn and USD 1 bn followed, totaling USD 50.5 bn across 59 issuances. Meanwhile, 129 issuances under USD 100 mn raised a combined USD 7.2 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/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=\"94930\" 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=\"94930\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/foreign-investors-bullish-on-tadawul-in-february-while-local-and-gcc-weighed-down-on-the-market\/\">\r\n                            Foreign investors bullish on Tadawul in February, while local and GCC weighed down on the market                        <\/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\/04\/foreign-investors-bullish-on-tadawul-in-february-while-local-and-gcc-weighed-down-on-the-market\/\" 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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However, the value of shares under foreign ownership in Tadawul dipped 1.5% m-o-m to SAR 430.1 bn \u2014 likely due to a decline in the price of some of the stocks held.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi + GCC investors took a bearish turn in February: <\/strong>Local investors were net sellers of Saudi equities last month, with net sales worth nearly SAR 1.95 bn. Saudi investors saw their ownership dipping 2.7% m-o-m to SAR 9.49 bn. GCC investors were also bearish on Tadawul-listed stocks, recording net sales of SAR 124.63 mn \u2014 trimming their positions by 0.7% m-o-m to SAR 76.10 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Foreigners were net sellers on Tadawul\u2019s parallel market Nomu<\/strong>, with net sales worth SAR 20.50 mn. Local investors were net buyers of Saudi equities on Nomu, with net purchases worth SAR 19.07 mn. GCC investors followed suit with net investment positions SAR 1.43 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Institutional investors continued to dominate the main market, holding 87% of the freefloat,<\/strong> while retail investors led Nomu, controlling 68.30% of the free-float.<\/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\">HOW TASI PERFORMED IN FEBRUARY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul\u2019s benchmark index TASI closed February at 12.1k points, down 2.4% for the <\/strong><strong>month,<\/strong> according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/Resources\/Reports-v2\/Monthly_en.html\" style=\"\" rel=\"noopener\">monthly market data<\/a>. Trading activity remained strong, with 4.8 bn shares exchanged across 8.2 mn transactions, generating a total value of SAR 113.1 bn. TASI\u2019s market capitalization stood at SAR 10 tn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top movers: <\/strong>Allied Cooperative Ins. Group\u2019s stock was up 14.4% last month, followed by local stationary Abo Moati (+9.4%) and property developer Alandalus (+8.5%). Meanwhile, Saudi Research and Media Group (SRMG) fell 22.9%, followed by Saudi Ceramics (-20.7%), and pipemaker Amiantit (-19.1%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banking and energy stocks saw the highest turnover<\/strong>, with AlRajhi Bank leading the value charts (SAR 7.3 bn), followed by Aramco (SAR 4.5 bn) and SNB (SAR 4.4 bn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In terms of sector<\/strong>, banks (SAR 21.5 bn), materials (SAR 15.4 bn), and ins. (SAR 8.1 bn) led market activity last month, while real estate, telecom, and energy stocks saw steady inflows over the same period. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94932 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"94932\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/94932\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94932\" class=\"content-area-description single-story post-94932 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94933\" 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=\"94933\">\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\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/\">\r\n                            Saudi real estate grows as investment heads to SAR 388 bn by 2030                        <\/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\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi real estate grows as investment heads to SAR 388 bn by 2030&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/\">\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\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/&title=Saudi real estate grows as investment heads to SAR 388 bn by 2030\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+real+estate+grows+as+investment+heads+to+SAR+388+bn+by+2030+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F04%2Fsaudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/254.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94934\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\/254-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/254.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"254.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/254.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/254.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94933\" class=\"content-area-description single-story post-94933 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-enterpriseam-ksa tag-neom tag-real-estate tag-vision-2030 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\/.3d3cc0c9-0814-4949-94b4-44284f273cbc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Arabia\u2019s real estate market is expected to continue growing this year<\/strong>, buoyed by gigaprojects and major developments tied to Saudi Vision 2030, Deloitte said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/204.pdf\" style=\"\" rel=\"noopener\">KSA Real Estate Predictions report (pdf)<\/a>. Major events that are expected to support growth in the real estate market \u2014 as well as \u201cthe creation of new urban hubs and tourism destinations\u201d \u2014 include the 2034 FIFA World Cup and Expo 2030, Deloitte said, while the continued development of NEOM and Qiddiya, among others, will also drive real estate growth. <\/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 RESIDENTIAL MARKET-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 2024, residential transactions in Riyadh, Jeddah, and Dammam rose 50% y-o-y in <\/strong><strong>terms of value to SAR 118 bn<\/strong>, according to the report. Apartment sales rates in Riyadh rose 5% y-o-y, while villa prices rose 12% y-o-y in 2024. In Jeddah and Dammam, apartment sales grew around 1% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pricing vs. volume in Riyadh:<\/strong> The majority (69%) of apartments sold in Riyadh in the last 12 months were priced at SAR 250k-1 mn, with the bulk of the activity seen in the low- and middle-income segments, according to Deloitte. Rent prices for houses in Riyadh also rose 3% y-o-y on average in 2024, while apartment rents rose 4% y-o-y. \u201cTransaction volume in the south of Riyadh has grown due to the availability of stock, while the transaction value remains highest in the north of Riyadh, reflecting sustained high demand in that area.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Jeddah, the price per sqm for villas and apartments being sold rose 1% y-o-y<\/strong>, while apartment rents were up 3% y-o-y and house rents rose 2% y-o-y. Dammam saw more or less the same trends, although the price per sqm for apartments was up 3% y-o-y in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Apartment prices in Riyadh rose 10.6% y-o-y in 2024, while villa prices increased 6.3%, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4949f330-6db7-496c-ae24-7d8450c29950\/\" style=\"\" rel=\"noopener\">a recent report<\/a>. Home sales grew 44.2% y-o-y to 63k transactions, with the total value rising over 30% to SAR 75.7 bn. Despite this growth, many mid-market buyers are struggling to afford homes due to the rapid price increases seen in recent years. Appetite for home ownership in Saudi Arabia among nationals fell 11 percentage points to 29% this year compared to 2023, with the highest-earning segment showing the strongest appetite for buying a home this year.<\/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 OFFICE MARKET-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Office space supply grew 5-6% y-o-y in each of Riyadh, Jeddah, and Dammam in 2024<\/strong>, as new projects and developments came online to meet market demand. The market is seeing growing demand, with \u201cGrade A office-focused sectors, such as financial and business services,\u201d growing 5.3% y-o-y in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pricing is on the up:<\/strong> In Riyadh, the average rent price per sqm for Grade A offices rose 17% y-o-y in 4Q 2024 to SAR 2.1k per sqm. Jeddah\u2019s average rent price hit SAR 1.5k per sqm, up 15% y-o-y, while in Dammam the average rent price rose 4% y-o-y to SAR 1k per sqm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More demand as economy continues to grow:<\/strong> Saudi Arabia\u2019s GDP grew to SAR 3 tn in 2024 and is expected to hit SAR 3.7 tn by 2030. This growth \u2014 particularly in Riyadh \u2014 \u201cis exerting pressure on older stock in secondary areas. To meet market demands, many upcoming offices are being incorporated into larger master plans that integrate residential, retail, and hospitality elements,\u201d the report says. <\/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\">RETAIL + HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tourism growth pushes Riyadh hotel rates up \u2014 while Jeddah slips:<\/strong> Riyadh\u2019s hospitality sector saw occupancy rates hold steady at 64% in 2024, with the average daily rate (ADR) at hotels climbing to SAR 895. The rising ADR \u201cis largely attributed to the introduction of 5-star hotels across Riyadh, significant developments such as Diriyah Gate, and the demand generated by Riyadh Seasons. Meanwhile, Jeddah\u2019s ADR fell 12.2% y-o-y to SAR 680, with occupancy rates falling one percentage point to 62%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Major themes + trends in the sector:<\/strong> The growth of the Kingdom\u2019s hospitality sector is pushing a shift towards co-located hotels and branded residences, which \u201callow operators to diversify revenue streams while meeting the demand for integrated lifestyle experiences,\u201d according to the report. Deloitte also sees \u201ca growing strategy [involving] converting and rebranding aged hospitality, aligning them with modern market demands.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Retail growth:<\/strong> Total retail sales volumes are expected to hit a compound annual growth rate of 4.4% through 2027, with pop-up stores gaining popularity in major malls. Supply volumes are steadily growing in the country\u2019s retail space, while demand remains \u201crelatively stable,\u201d which together are keeping price increases at bay, Deloitte said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/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\/vision-2030\/\">Vision 2030<\/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=\"94935\" 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=\"94935\">\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\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/\">\r\n                            Marafiq\u2019s net income down 97.1% in 2024 + Saudi German Health, Balady\u2019s full-year earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Marafiq\u2019s net income down 97.1% in 2024 + Saudi German Health, Balady\u2019s full-year earnings&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/&title=Marafiq\u2019s net income down 97.1% in 2024 + Saudi German Health, Balady\u2019s full-year earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Marafiq%E2%80%99s+net+income+down+97.1%25+in+2024+%2B+Saudi+German+Health%2C+Balady%E2%80%99s+full-year+earnings+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F04%2Fmarafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2290.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94936\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/marafiqs-net-income-down-97-1-in-2024-saudi-german-health-baladys-full-year-earnings\/2290-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2290.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2290.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2290.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2290.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94935\" class=\"content-area-description single-story post-94935 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-ksa tag-marafiq tag-saudi-german-health 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\/.3d3cc0c9-0814-4949-94b4-44284f273cbc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARAFIQ-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>The Pow<\/strong><strong>er and <\/strong><strong>Water Utility Company for Jubail and Yanbu (Marafiq) saw its net income <\/strong><strong>drop 97.1% y-o-y to SAR 17.15 mn in 2024<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/187.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The significant drop was attributed to a 44% rise in fuel costs, a SAR 511 mn provision for expected credit loss, and a 26% drop in finance income, reads a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85540&anCat=1&cs=2083&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>MEANWHILE-<\/strong> Revenues grew 7.8% y-o-y to SAR 6.9 bn in the same period, driven by an increase in sales across main segments, as well as a 52.5% reduction in Zakat provisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No dividends:<\/strong> The full-service integrated utility provider announced it will not distribute dividends for 2H 2024, citing financial challenges due to exceptional circumstances. The company completed the full acquisition of Jeddah Althaniya Operations and Maintenance Company (JAOMC), after purchasing the remaining <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7e595b34-f251-450d-8dde-2fcf8767a69c\/%253cmark%253e%253c%2Fmark%253esaudi%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etadawul%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egroup%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253es%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ewamid%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enow%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esole%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eowner%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eregional%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etrading%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eplatform%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edirectfn%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">51% stake<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SAUDI GERMAN HEALTH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi German Health reported a 1,555% y-o-y increase in net income in 2024 to SAR<\/strong><strong> 282 <\/strong><strong>mn<\/strong>, driven by a boost in patient numbers, surgical procedures, and operational efficiency, as well as capital gains from selling a SAR 19.6 mn plot, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85527&anCat=1&cs=4009&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues increased 8.7% y-o-y to SAR 2.9 bn in the same period, pushed by higher patient demand and rising business transactions with the Health Ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company\u2019s board approved the gradual or partial repurchase of a five-year SAR-denominated sukuk carrying a 7.2% fixed annual yield issued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cae80ce3-aafb-4789-b155-ee4c89e4bc30\/%253cmark%253esaudi-german-health%253c%2Fmark%253e-wraps-sar-1-bn-sukuk-sale\" style=\"\" rel=\"noopener\">back in February<\/a>, 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=85538&anCat=1&cs=4009&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The board also approved the development of an SAR 22 mn outpatient clinics complex in Riyadh, according to another <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85542&anCat=1&cs=4009&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BALADY-<\/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:\/\/balady-sa.com\/?lang=en\" style=\"\" rel=\"noopener\">Balad<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/balady-sa.com\/?lang=en\" style=\"\" rel=\"noopener\">y Poultry<\/a><\/strong><strong>\u2019s net income increased 17% y-o-y to SAR 118.1 mn in 2024<\/strong>, while revenues grew 16.6% y-o-y to SAR 887.1 mn on the back of increased production and an expanded customer base, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/184.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Retained earnings almost doubled, rising 93.6% y-o-y to SAR 243 mn and supporting future <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7baa83c8-1fe8-4f2c-8786-054b1e3e89d2\/%253cmark%253ebalady%253c%2Fmark%253e%253cmark%253e-poultry%253c%2Fmark%253e-to-embark-on-sar-1.1-bn-expansion-plan\" style=\"\" rel=\"noopener\">expansion plans<\/a>, read the release.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/marafiq\/\">Marafiq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-german-health\/\">Saudi German Health<\/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=\"94937\" 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=\"94937\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/al-fakhera-taps-abdulrahman-saed-al-malah-as-ceo\/\">\r\n                            Al Fakhera taps Abdulrahman Saed Al Malah as CEO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/al-fakhera-taps-abdulrahman-saed-al-malah-as-ceo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Al Malah has over 24 years of experience where he assumed various leadership roles in private sector and listed companies.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-fakhera-mens-tailoring\/\">Al Fakhera Men\u2019s Tailoring<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/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=\"94939\" 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=\"94939\">\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\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/\">\r\n                            Can Aramco sustain its hefty payouts? + PIF\u2019s M&amp;A strategy in the spotlight                        <\/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\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Can Aramco sustain its hefty payouts? + PIF\u2019s M&#038;A strategy in the spotlight&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/\">\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\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/&title=Can Aramco sustain its hefty payouts? + PIF\u2019s M&#038;A strategy in the spotlight\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Can+Aramco+sustain+its+hefty+payouts%3F+%2B+PIF%E2%80%99s+M%26%23038%3BA+strategy+in+the+spotlight+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F04%2Fcan-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1788.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94940\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/can-aramco-sustain-its-hefty-payouts-pifs-ma-strategy-in-the-spotlight\/1788-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1788.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1788.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1788.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1788.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94939\" class=\"content-area-description single-story post-94939 post type-post status-publish format-standard has-post-thumbnail hentry category-saudi-in-the-news tag-aramco tag-enterpriseam-ksa tag-public-investment-fund-pif tag-saudi-in-the-news 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\/.3d3cc0c9-0814-4949-94b4-44284f273cbc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Aramco\u2019s dividend decision \u2014 set to be announced today \u2014 is getting ink from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-03\/saudi-arabia-economy-concerns-put-aramco-dividend-payout-in-focus\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong>, as the company\u2019s distributions have outpaced earnings, flipping it to net debt from a net liquid position of over USD 27 bn a year ago.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More debt might be necessary: <\/strong>The Kingdom may need to issue another USD 5-6 bn in bonds this year to help cover the gap, adding to its nearly USD 15 bn in bond sales so far \u2014 making it the biggest borrower in emerging markets, Pinebridge Investments analyst Samsara Wang told the business news outlet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No special dividends this year?<\/strong> Aramco will only pay its special (performance-linked) dividend if there is enough freecash flow left after covering its base dividend and investments, Bloomberg said. Analysts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/18334f71-21a0-4a63-b37a-393696daaf49\/\" style=\"\" rel=\"noopener\">expect<\/a> cashflow to fall below the base dividend next year, leaving little room for extra distributions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Aramco is expected to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/7f68fdd0-0fb4-41e5-8f0d-8ee87c9f4f10\/inflation-at-1.9%2525-y-o-y-in-4q-2024--sama\" style=\"\" rel=\"noopener\">maintain its dividend payout<\/a> at SAR 116.5 bn (USD 31.1 bn) for 4Q 2024, the same as the preceding three quarters, to bring its total dividends for the year to SAR 466 bn (USD 124.3 bn). Aramco\u2019s net income dipped 15.4% y-o-y to SAR 103.4 bn (USD 27.6 bn) in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2e7f6cb1-e1ac-4de1-92b6-b73e022430ce\/%253cmark%253earamco%253c%2Fmark%253e%253cmark%253e-net%253c%2Fmark%253e%253cmark%253e-income%253c%2Fmark%253e-dips-in-3q-as-oil-giant-swings-into-debt\" style=\"\" rel=\"noopener\">3Q 2024<\/a>, while revenues fell 1.8% to SAR 416.6 bn, with the oil giant attributing the drop in its bottom line to falling crude prices and weaker refining margins.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The PIF\u2019s recent surge in M&A activity across various sectors was also in the spotlight in a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-03-03\/saudi-arabia-s-deals-spree-pif-blocks-pwc-dubai-job-market-feels-strain\" style=\"\" rel=\"noopener\">Bloomberg<\/a> report yesterday. The piece breaks down the fund\u2019s strategy of using capital to attract foreign firms in order to boost local development, with high profile agreements including snapping up a minority stake in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3f90acf4-a3a7-46e9-868a-3bf3d9a5d2cd\/surj-sports-investment-snaps-up-minority-stake-in%253cmark%253e-dazn%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Dazn<\/a>, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/491f1c16-9b0a-4836-8083-b79c2a67413e\/next-on-saudi%25e2%2580%2599s-economic-diversification-to-do-list:-gaming-%2B-med-farmers-are-changing-up-their-crop\" style=\"\" rel=\"noopener\">USD 4.9 bn acquisition of Scopely<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bf59e3a7-7f3f-4520-8992-4d95170a6a39\/salic-now-owns-80%2525-of-singapore%25e2%2580%2599s-olam-agri-%2B%253cmark%253e-alat%253c%2Fmark%253e-acquires-15%2525-of-tk-elevator\" style=\"\" rel=\"noopener\">Alat<\/a> \u2019s purchase of 15% of TK Elevator. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-in-the-news\/\">SAUDI IN THE NEWS<\/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=\"94941\" 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=\"94941\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/mawani-adds-two-shipping-services-from-cma-cgm-in-jeddah-and-dammam\/\">\r\n                            Mawani adds two shipping services from CMA CGM in Jeddah and Dammam                        <\/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\/04\/mawani-adds-two-shipping-services-from-cma-cgm-in-jeddah-and-dammam\/\" 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 BIGEX 3 service \u2014 which has a total carrying capacity of 2.63k TEUs \u2014 will connect Jeddah Islamic Port to the ports of Nhava Sheva and Mundra in India, as well as Oman\u2019s Salalah Port. Meanwhile, the BIGEX 4 service \u2014 with a total carrying capacity of 3.5k TEUs \u2014 will connect King Abdulaziz Port to the ports of Nhava Sheva and Mundra, in addition to Iraq\u2019s Umm Qasr Port.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> CMA CGM launched the new Red Sea shipping services BIGEX 3 and BIGEX 4 connecting India with the Kingdom and Oman <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fac3a81d-98d1-426e-a580-8225ee7c878c\" style=\"\" rel=\"noopener\">last month<\/a>. The new routes are the latest of many updates, suggesting a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/99d802e2-2051-4aef-b9f2-b3a75cd35e6f\/does-the-gaza-ceasefire-mean-the-imminent-return-of%253cmark%253e-suez%253c%2Fmark%253e%253cmark%253e-canal%253c%2Fmark%253e-traffic%3F\" style=\"\" rel=\"noopener\">possible rebound in traffic<\/a> could be on its way.<\/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>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mepco.biz\/Website\/En\/\" style=\"\" rel=\"noopener\">Middle East Paper Manufacturing and Production Company<\/a><\/strong><strong> (Mepco) broke ground <\/strong><strong>on the fifth production line at the Paper Machine 5 (PM5) facility<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mepco-lays-the-foundation-for-pm5-b5klamlh\" style=\"\" rel=\"noopener\">press release<\/a>. The project \u2014 construction of which was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8d8f1fdc-560d-42af-a248-a0e2c9c04d03\/middle-east-paper-to-break-ground-on-fifth-production-line-in-3q\" style=\"\" rel=\"noopener\">originally scheduled<\/a> to begin by 3Q 2024 \u2014 will be developed by Mepco\u2019s subsidiary Al Tadweer Al Akhdar, adding high-quality, low-basis weight paper to Mepco\u2019s products list as well as doubling PM5\u2019s annual production capacity to 875k tons and recycling 1 mn tons.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A Hilton h<\/strong><strong>otel and residential tower will be coming to Riyadh under a partnership<\/strong><strong> agreement between local <\/strong><strong>developer <\/strong><strong>Osus<\/strong><strong> and Hilton<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/osus.com.sa\/en\/2025\/02\/27\/ain-asas-and-hilton-form-a-strategic-alliance-to-develop-a-luxury-hospitality-experience-at-ain-asas\/\" style=\"\" rel=\"noopener\">statement<\/a>. The projects include Hilton Garden Inn \u2014 featuring 250 rooms, meeting spaces, a gym, a pool, and dining options \u2014 and Curio Collection Residences \u2014 featuring 176 serviced apartments, with valet and concierge solutions, in addition to a gym, a pool, and a cinema. Both projects will be located in the Osus Eye development.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cma-cgm\/\">CMA CGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/middle-east-paper-manufacturing-and-production-company-mepco\/\">Middle East Paper Manufacturing and Production Company (Mepco)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-central-bank-sama\/\">Saudi Central Bank (SAMA)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-ports-authority-mawani\/\">Saudi Ports Authority (Mawani)<\/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=\"94943\" 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=\"94943\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/wall-street-faces-sell-off-amid-threat-of-tariffs\/\">\r\n                            Wall Street faces sell-off amid threat of tariffs                        <\/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\/04\/wall-street-faces-sell-off-amid-threat-of-tariffs\/\" 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 S&P 500 fell nearly 2%, while a tech stock sell-off pushed the Nasdaq down 2.2%, with chipmaker Nvidia losing some 10%. The Dow Jones was not spared, losing 1.5%, not helped by data showing that manufacturing activity eased in the country in February. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened?<\/strong> Trump <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/trump-decide-us-tariff-levels-mexico-canada-tuesday-deadline-approaches-2025-03-03\/\" style=\"\" rel=\"noopener\">confirmed<\/a> the levies would take place, along with an extra 10% duty on Chinese imports, despite expectations of another potential delay. Trump also confirmed wider \u201creciprocal\u201d tariffs were coming in April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BTC also had a bad day: <\/strong>Despite rising the previous day after Trump\u2019s <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/02\/trump-announces-strategic-crypto-reserve-including-bitcoin-solana-xrp-and-more.html\" style=\"\" rel=\"noopener\">announcement<\/a> of plans for a BTC strategic reserve, reversing most of the gains it made and falling as much as 9% to around USD 85k. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts and traders are not optimistic: <\/strong>Demand for US stocks is likely not high enough to sustain a rebound, a Goldman Sachs analyst said, while JP Morgan strategists also see US tech stocks continuing to face sell-offs amid uncertain economic growth and tariffs, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-02\/stock-market-today-dow-s-p-live-updates?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. BCA Research downgraded recommendation for US equities to underweight from neutral, while upgrading European stocks to overweight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Set to benefit are value-dominated stocks in international markets and tariff-safe <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ee0032b0-effd-46af-8136-254161aa6127\/investors-look-to-emerging-markets-for-tariff-safe-assets\" style=\"\" rel=\"noopener\">emerging market assets<\/a><\/strong>. While Wall Street faced a rout, European stocks <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-03-03\/europe-s-plans-on-ukraine-and-defense-spending-boots-stock-markets\" style=\"\" rel=\"noopener\">hit fresh highs<\/a> yesterday, propped up by a rally in defense stocks after plans were revealed that the EU will be spending hundreds of bns of USD on defense financing for Ukraine. <\/p>\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian stocks were also impacted by Trump\u2019s tariff announceme<\/strong><strong>nt<\/strong>, with Japanese stocks falling more than 2%, led by declines in Japanese tech players amid a widening risk-off sentiment as trade war fears grow. South Korea\u2019s Kospi was also down 0.13%, and Hong Kong\u2019s Hang Seng started the day down 1.58%. Meanwhile, mainland China\u2019s CSI 300 index dipped 0.59%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on Wall Street<\/strong>, futures are up slightly as investors brace for the full impact of the implementation of the tariffs. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,124<\/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\">+0.7% (YTD: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,526<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +1.1%)<\/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>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\">31,696<\/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: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,989<\/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: +4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,560<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +1.5%)<\/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>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\">5,328<\/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: +3.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,896<\/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: +1.1%)<\/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>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\">8,871<\/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\">+0.7% (YTD: +8.5%)<\/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>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\">5,541<\/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\">+1.4% (YTD: +13.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 71.57<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.12<\/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\">+7.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,901<\/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%<\/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 86,297<\/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\">-8.5% (YTD: -7.8%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>rose 0.7% <strong>yesterday <\/strong>on turnover of SAR 6.1 bn. The index is up 0.7% 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> Sisco Holding (+6.8%), Baan (+6.1%) and Al Baha (+5.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Sal (-7.5%), Acwa Power (-5.6%) and Marafiq (-4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> rose 0.4% <strong>yesterday <\/strong>on turnover of SAR 33.3 mn. The index is up 0.7% 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> Food Gate (+13.6%), Mulkia (+11.1%) and AlJouf Water (+9.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Balady (-8.0%), Knowledgenet (-5.0%) and Gas (-4.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Almasane <\/strong><strong>Alkobra Mining\u2019s (Amak) board greenlit the distribution of SAR <\/strong><strong>104.5 mn in<\/strong><strong> dividends for 2H 2024<\/strong> at SAR 1.18 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85394&anCat=1&cs=1322&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Distribution is set to kick off on Sunday, 23 March, 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=85543&anCat=1&cs=1322&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shareholders of Gulf Union Cooperative Ins. (GUAI) will vote on the company\u2019s 49.73% <\/strong><strong>capital hike on Thursday, 27 March<\/strong> for its planned merger with Gulf General Ins. (GGI), according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85534&anCat=1&cs=8120&locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to Tadawul. The increase would bring GUAI\u2019s total capital to SAR 687.2 mn by issuing some 22.8 mn new shares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The group has recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0f36b036-137c-418c-b02b-ccb9768a3edb\/saudi-to-get-its-first-locally-constructed-offshore-rig\" style=\"\" rel=\"noopener\">lined up approval<\/a> from the Ins. Authority to move forward with its plans to merge with GGI, after they inked a binding agreement back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/17714326-b859-49c3-bc9e-b45f45b821fe\/modern-mills-to-set-up-sar-150-mn-animal-feed-factory\" style=\"\" rel=\"noopener\">in December 2024<\/a>. The agreement will see GGI transfer all of its shares, liabilities, and assets to GUAI. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/equities\/\">equities<\/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\/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=\"94945\" 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=\"94945\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/lebanons-aoun-meets-mohammed-bin-salman-in-riyadh\/\">\r\n                            Lebanon\u2019s Aoun meets Mohammed bin Salman in Riyadh                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/04\/lebanons-aoun-meets-mohammed-bin-salman-in-riyadh\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The two leaders discussed their countries\u2019 ties, as well as developments in Lebanon and the region. Aoun noted that his meeting with Crown Prince Mohammed bin Salman on Monday would prepare for a future visit to sign cooperation agreements, <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/gulf\/5118049-aoun-riyadh-we-appreciate-role-saudi-arabia-playing-supporting-lebanon\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> Aoun was expected to request during his meeting with the Crown Prince the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/977dcf09-1dee-47d7-9bbe-622600de9fa6\/pwc-banned-from-advisory-contracts-with-pif%3F-%2B%253cmark%253e-lebanon%253c%2Fmark%253e-looks-to-reactivate-military-aid-package-from-saudi\" style=\"\" rel=\"noopener\">reactivation of a USD 3 bn aid package<\/a> for the Lebanese army \u2014 which 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. Earlier in January, 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\">\"last-minute push\"<\/a> by the Kingdom was reportedly the deciding factor in Aoun\u2019s pick as Lebanon\u2019s new president. Foreign Minister Faisal Bin Farhan\u2019s visit to Lebanon in January was 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 by a Saudi FM in 15 years<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong><strong>Saudi Arabia condemned Israel\u2019s decision to block humanitarian aid<\/strong><strong> access to <\/strong><strong>Gaza<\/strong>, calling it \u201cextortion and collective punishment,\u201d urging the international community to ensure sustained aid delivery according to <a target=\"_blank\" href=\"https:\/\/x.com\/KSAmofaEN\/status\/1896303909276459505\" style=\"\" rel=\"noopener\">a post on X<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-lebanon-relations\/\">Saudi-Lebanon relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94947\" 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\/04\/94947\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94947\" class=\"content-area-description single-story post-94947 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;\">5-9 March (Wednesday-Sunday): 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 style=\"font-weight:400;\">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\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>Foreign investors bullish on Tadawul in February | Our real estate grows | Marafiq\u2019s net income down 97.1% in 2024<\/p>\n","protected":false},"featured_media":94924,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-94923","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"71de62d8-5248-4f12-84f0-b9e883818088","teaser":"Foreign investors bullish on Tadawul in February | Our real estate grows | Marafiq\u2019s net income down 97.1% in 2024","photo_url":"https:\/\/ent.news\/2024\/9\/1322.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi Arabia dominates GCC bond and sukuk issuances in 2024 -Markaz - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/saudi-arabia-dominates-gcc-bond-and-sukuk-issuances-in-2024-markaz\/\" \/>\n<meta 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