{"id":95060,"date":"2025-03-09T00:00:00","date_gmt":"2025-03-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=95060"},"modified":"2025-12-14T20:28:33","modified_gmt":"2025-12-14T20:28:33","slug":"non-oil-economy-to-maintain-growth-above-4-in-2025-nbk","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/non-oil-economy-to-maintain-growth-above-4-in-2025-nbk\/","title":{"rendered":"Non-oil economy to maintain growth above 4% in 2025: NBK"},"content":{"rendered":"<section id=\"95062\" 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=\"95062\">\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\/09\/world-expo-2030-bid-in-the-final-stage-a-hiring-dispute-behind-the-pif-pwc-row\/\">\r\n                            THIS MORNING: World Expo 2030 bid in the final stage + A hiring dispute behind the PIF-PwC row?                        <\/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\/09\/world-expo-2030-bid-in-the-final-stage-a-hiring-dispute-behind-the-pif-pwc-row\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We welcome the second workweek of the holy month with the latest forecasts and news in the Kingdom\u2019s logistics sector and capital markets, and more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leading this morning\u2019s news well: <\/strong>NBK is out with its forecasts for our economy in 2025, the latest data on M&A transactions in the MENA region in 2024, and the inauguration of a new and improved container terminal at Jeddah Islamic Port by Mawani and DP World. We also have the full-year earnings of Ma\u2019aden, which saw the mining giant\u2019s net income jump 82.1%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ The details on these stories and more are in this morning\u2019s news well, below.<\/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 5:59pm today in Riyadh. You\u2019ll have until fajr prayers at 4:49am tomorrow to finish your sohour.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Coffee chai<\/strong><strong>n ope<\/strong><strong>rator Ratio Specialty will begin trading on the Nomu parallel market <\/strong><strong>today<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/tadawul\/status\/1897571216287789295\" style=\"\" rel=\"noopener\">Tadawul statement<\/a>. Ratio\u2019s shares can fluctuate within a \u00b130% range for the first three days, after which price fluctuations will be capped at \u00b110% before 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>The company priced its secondary offering of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/483f7980-b863-4a22-b095-de84c7540e62\/ratio-issues-prospectus-for-25%2525-nomu-ipo\" style=\"\" rel=\"noopener\">25% stake<\/a> (good for 5 mn shares) at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b597f3f5-753e-49ce-98af-4d0658380d4c\/%253cmark%253e%253c%2Fmark%253earamco%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253econsiders%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebidding%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecastrol%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elubricants%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebusiness%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">SAR 10 apiece<\/a>. The offering, limited to qualified institutional investors, was 8.6x oversubscribed. The pricing gives Ratio a market cap of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9475b376-c9e1-4a16-8ccc-517cdac076eb\/coffee-chain-operator%253cmark%253e-ratio-%253c%2Fmark%253ewraps-nomu-ipo\" style=\"\" rel=\"noopener\">SAR 200 mn<\/a> at listing with proceeds from the sale earmarked to the selling shareholders, after deducting some SAR 2.6 mn to cover IPO-related expenses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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 retail <\/strong><strong>book<\/strong><strong>building period for Umm Al Qura for Development and Construction\u2019s IPO <\/strong><strong>wraps up today<\/strong>, whereby retail investors can book up to 2.5 mn shares each, with the minimum limit set at 10 shares. The final allocation of shares is slated for this Thursday, 13 March. A total of 13.08 mn shares (10% of the offering) is allocated for retail investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Umm Al Qura is offering a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/222ba7ac-9d53-4824-94d1-1314038c4b25\" style=\"\" rel=\"noopener\">9.1% stake<\/a> on Tadawul\u2019s main market priced at the top of its indicative range at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1ab94024-d6c2-4236-b556-a707b5f9e430\/%253cmark%253eumm-al-qura-for-development%253c%2Fmark%253e-prices-ipo-at-sar-15-%2B-derayah%25e2%2580%2599s-retail-offering-wraps-up\" style=\"\" rel=\"noopener\">SAR 15 per share<\/a>, with the institutional tranche oversubscribed by 241x. The pricing would see it raise SAR 2 bn in proceeds and give the firm a market cap of SAR 21 bn at listing, making it the largest IPO on Tadawul so far this year.<\/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>WEATHER<\/strong><strong>- <\/strong>Riyadh remains under stormy skies, while Makkah will be windy. Madinah can expect clear skies today.<\/p>\n<ul>\n<li><strong>Riyadh: <\/strong>25\u00b0C daytime \/ 14\u00b0C overnight<\/li>\n<li><strong>Makkah: <\/strong>31\u00b0C daytime \/ 23\u00b0C overnight<\/li>\n<li><strong>Madinah: <\/strong>27\u00b0C daytime \/ 13\u00b0C overnight<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Business<\/strong><strong>es<\/strong><strong> subject to withholding tax must file their February tax returns by tomorrow <\/strong>through the Zakat, Tax and Customs Authority\u2019s (Zatca) <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/en\/pages\/default.aspx\" style=\"\" rel=\"noopener\">website<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1356.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. Missing the deadline will result in penalties of 1% of the unpaid tax for every 30 days of delay.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Commercial register and trade names service<\/strong><strong>s will be suspended for one week from<\/strong><strong> Thursday, 27 March<\/strong> to Thursday, 3 April ahead of the launch of the new Commercial Register and Trade Names law, the <a target=\"_blank\" href=\"https:\/\/x.com\/MCgovSA\/status\/1897603614748594304\" style=\"\" rel=\"noopener\">Commerce Ministry said<\/a>. During this period, only commercial reports, licenses for discounts, commercial franchise services, and commercial statements will remain available. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Suspended services include<\/strong> any modifications to a commercial register, amending contracts, reserving trade names, and establishing companies <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae337b14-d396-4ec9-81e2-4ce2fa828fe4\/\" style=\"\" rel=\"noopener\">new law<\/a> looks to simplify procedures and make it easier to do business. It requires companies to operate under a single commercial register for all activities in Saudi Arabia, bans duplicate trade names, eliminates regional sub-records, and updates registry renewal timelines, among other changes.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> #1- Did a<\/strong><strong> hiring di<\/strong><strong>spute cause the PIF-PwC row?<\/strong> The Public Investment Fund (PIF) was reportedly at odds with PwC over the consultancy firm\u2019s attempt to hire Neom\u2019s then-chief internal audit officer Jason Davies, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/62d820b1-14c3-4f1d-8ba7-503fe3e1a3fa\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported, citing sources it said are familiar with the matter. Davies, who had been with Neom since 2020 and left in September 2024, was seen as a key figure, and the proposed hire raised ethical concerns due to PwC's close ties with PIF. Davies ultimately did not join PwC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>PwC was reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/977dcf09-1dee-47d7-9bbe-622600de9fa6\/%253cmark%253epwc%253c%2Fmark%253e-banned-from-advisory-contracts-with-pif%3F-%2B-lebanon-looks-to-reactivate-military-aid-package-from-saudi\" style=\"\" rel=\"noopener\">barred<\/a> 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 consulting firm informed employees in an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9cd5ac18-845f-48d7-aa3a-f11eb156fd76\/starbucks-flagship-store-in-diriyah-square%3F-%2B%253cmark%253e-pwc%253c%2Fmark%253e-is-trying-to-smooth-over-tensions\" style=\"\" rel=\"noopener\">internal memo<\/a> last week that the situation pertains to a \u201cclient\u201d matter rather than a regulatory issue. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> PwC\u2019s Middle East business, which grew by 26% in the year to June 2024, has been a key driver of the firm\u2019s overall revenue growth, according to the salmon-colored paper. The Kingdom's consulting market, 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><a id=\"wwtt2\"><\/a> #2- Our World Expo 2030 bid is in the final approval stage:<\/strong> The Kingdom submitted its registration dossier for World Expo 2030 Riyadh to France\u2019s Bureau International des Expositions (BIE), entering the final approval stage for hosting the event, the Royal Commission of Riyadh said in <a target=\"_blank\" href=\"https:\/\/www.rcrc.gov.sa\/en\/news\/63215\/\" style=\"\" rel=\"noopener\">a statement<\/a> released last Friday. The dossier outlines key aspects of Saudi Arabia\u2019s implementation plan for the event, including the timeline, site master plan, and financial and legislative frameworks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The Kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4b13fc30-624a-4fa9-9b4b-d12407c125f9\/\" style=\"\" rel=\"noopener\">was crowned 2030 World Expo host<\/a> after defeating Italy and South Korea in a vote by Bureau International des Expositions member states late yesterday. Riyadh secured 119 out of 165 votes, while Busan received 29 and Rome, just 17. Crown Prince and Prime Minister Mohammed bin Salman <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ba65a930-c5b2-4b06-949f-33c9ba29e60c\/saudi-and-the-us-said-to-be-closing-in-on-ai,-defense,-and-nuclear-pacts\" style=\"\" rel=\"noopener\">later discussed<\/a> preparations for the event with BIE Secretary-General Dimitri Kerkentzes.<\/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=\"wwtt3\"><\/a> #3- <\/strong><strong>The <\/strong><strong>PIF is investing USD 100 mn in Malaysian budget airline <\/strong><strong>AirAsia<\/strong>, making it the biggest contributor to the airline\u2019s USD 226 mn fundraising target, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-06\/saudi-fund-set-to-invest-in-airasia-boosting-ties-to-region\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are in the know. AirAsia is offering investors up to a 15% stake at a USD 2 bn valuation as it targets recovery from covid-19 losses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> A key draw for the PIF\u2019s investment is AirAsia\u2019s backlog of over 350 Airbus narrowbody aircraft. PIF\u2019s Riyadh Air secured part of these delivery slots, easing the Malaysian airline\u2019s financing burdens while providing Riyadh Air with planes needed for its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed2a4cfa-4217-4098-b20e-00f0d3830526\/manara-minerals-is-mulling-investments-in-zambia-%2B%253cmark%253e-riyadh%253c%2Fmark%253e%253cmark%253e-air%253c%2Fmark%253e-delays-launch-to-3q-2025\" style=\"\" rel=\"noopener\">3Q 2025 launch<\/a>. Riyadh Air chose the slots instead of purchasing 100 Boeing 737 jets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nothing set in stone: <\/strong>AirAsia is also in talks with investors from Singapore and Japan, with a potential announcement expected within weeks, although reaching a final agreement is not guaranteed, the sources said.<\/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>#4- <\/strong><strong>The Na<\/strong><strong>tional Water Company is set to award a contract for three water purification <\/strong><strong>plants and adjoining water pipelines in 2Q 2025<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/saudis-nwc-likely-to-award-water-purification-plant-contracts-in-q1-2025-xsiag9pe\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing sources it says are in the know. The project covers the operation and maintenance at the Labkha and Hawiyat plants in Al Quwayiyah with a daily capacity of 5k cubic meters, as well as at the Moral Guidance Institute plant in Al Muzahmiyah with a 1.5k cubic meter daily capacity. Bid submissions for the project wrapped up on 2 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Iraq\u2019s parliament is nearing approval of a new law to safeguard Saudi investments <\/strong><strong>in Iraq<\/strong>, pending final regulatory amendments, Iraq\u2019s Ambassador to Riyadh Safia Al Souhail said in an interview with <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/business\/5119723-iraq-parliament-nears-approval-saudi-investment-protection-law\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a>. The new law aims to strengthen Saudi-Iraqi investment ties, with both the PIF and Iraq\u2019s Investment and Development Fund playing a major role in the process. The move comes as Riyadh and Baghdad strengthen their bilateral political, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bd253530-8069-4242-ae6e-5057d9d1cd43\/saudi-and-iraqi-defense-ministries-ink-mou-on-military-cooperation\" style=\"\" rel=\"noopener\">security<\/a>, and economic partnerships.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom<\/strong><strong>\u2019<\/strong><strong>s nonprofit sector contributed SAR <\/strong><strong>114 <\/strong><strong>bn to the economy<\/strong>, breaching the SAR 100 bn threshold for the first time and accounting for 3.3% of GDP, according to King Khalid Foundation\u2019s <a target=\"_blank\" href=\"https:\/\/www.kkf.org.sa\/media\/nllewn4j\/trends2025_0.pdf\" style=\"\" rel=\"noopener\">Prospects for the NonProfit Sector 2025 report (pdf)<\/a>. The report forecasts the sector will reach 5% of GDP \u2014 the Saudi Vision 2030 target \u2014 two years ahead of schedule. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>Endowments contributed SAR 48 bn, non-profit organizations SAR 47 bn, volunteering SAR 5 bn, and cooperative societies SAR 2 bn. Education and research led revenues with SAR 19 bn, while health organizations topped spending at SAR 15 bn. Digital donation platforms raised over SAR 15 bn and endowment funds reached SAR 1.7 bn in assets, with projections to hit SAR 100 bn by 2040.<\/p>\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a> <\/strong><strong>Saudi A<\/strong><strong>ramco lowered its crude oil prices for Asian buyers in April<\/strong><strong> for the first time <\/strong><strong>in three months<\/strong>, cutting Arab Light by USD 0.40 cents to USD 3.50 \/ bbl above the Oman and Dubai average, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-cuts-oil-prices-asia-first-time-three-months-2025-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The price cut aligns with market expectations, with a Reuters poll predicting a reduction of USD 0.20-0.65. The move follows Opec+\u2019s decision to gradually <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b52f21e2-9d2c-49da-b772-6748c67d7f80\/aiib-mulls-investments-in-gulf-rail-connection-project-%2B-fii-priority-summit-tomorrow\" style=\"\" rel=\"noopener\">increase<\/a> oil supply in April, though the decision could be reversed if market imbalances emerge, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/russias-novak-says-opec-may-reverse-oil-output-hike-after-april-if-needed-2025-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing Russia\u2019s Deputy Prime Minister Alexander Novak.<\/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><a id=\"wwtt5\"><\/a> <\/strong><strong>PIF to f<\/strong><strong>und maternity program for WTA players: <\/strong>The Public Investment Fund (PIF) and the Women's Tennis Association (WTA) launched the PFA WTA Maternity Fund Program, which will see WTA players get up to 12 months of paid maternity leave, as well as grants for fertility treatments, according to a <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/news-and-insights\/press-releases\/2025\/wta-and-pif-create-the-pif-wta-maternity-fund-program-the-first-ever-paid-maternity-leave-for-professional-tennis-players\/\" style=\"\" rel=\"noopener\">statement<\/a>. This also got ink from <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/maternity-leave-wta-pif-45b384c5aff19024af172bff0fb4e41f\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/sports\/2025\/03\/06\/womens-tennis-maternity-leave-saudi-fund\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/athletic\/6177945\/2025\/03\/06\/wta-tour-maternity-pay-pif-womens-tennis-fertility-treatment\/\" style=\"\" rel=\"noopener\">The Athletic<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/tennis\/pif-fund-maternity-leave-other-parental-benefits-wta-players-2025-03-06\/\" 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>The details: <\/strong>The program \u2014 recognized as the \u201cfirst and only\u201d maternity program in women\u2019s sport to receive full funding from an external partner \u2014 is accessible through competing in a specific number of WTA tournaments in a given time window while maintaining a \u201cspecial\u201d ranking. It falls under WTA\u2019s Family Focus program, which works to facilitate players\u2019 return to professional competition after starting a family. Over 320 players are eligible for the program.<\/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>Ceasefire negotiations are back on: <\/strong>Israel will be sending representatives to Qatar tomorrow to advance ceasefire negotiations, while Hamas representatives are in Cairo to partake in negotiations with Egyptian mediators. Hamas has hinted at \u201cpositive indicators\u201d that the second phase of the three-phase ceasefire would start. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-airstrike-kills-two-southern-gaza-amid-push-gaza-ceasefire-extension-2025-03-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-war-news-ramadan-ceasefire-03-08-2025-6643d25f110053852a9dd16eb15a8e2e\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-08\/israel-sending-envoys-to-qatar-on-monday-to-advance-gaza-talks\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Last week, Israel started blocking all humanitarian aid from entering Gaza in a bid to pressure Hamas into accepting changes to the already agreed on ceasefire agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>In Syria, more than 1k people were killed in two days of clashes between Syrian forces and former president Bashar Al Assad loyalists in the city of Latakia. The fighting left large parts of Latakia without power and clean water. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/syria-alawites-sectarian-killings-coast-assad-hts-610cdee1d5762d3ecb75c700fb7cf5f2\" 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>AND- <\/strong>China announced retaliatory tariffs on Canadian agricultural products, escalating trade tensions after Ottawa imposed import duties on Chinese-made EVs last year. Beijing will slap a 100% tariff on Canadian rapeseed oil, oil cakes, and peas, and a 25% levy on aquatic products and pork. The new tariffs are set to take effect starting 20 March. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/china-announces-retaliatory-tariffs-some-canada-farm-food-products-2025-03-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-08\/china-imposes-retaliatory-tariffs-on-canada-rapeseed-oil-pork\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/08\/trade-war-china-to-slap-retaliatory-tariffs-on-some-canadian-products.html\" style=\"\" rel=\"noopener\">CNBC<\/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\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/non-oil-economy-expected-to-maintain-growth-above-4-in-2025-nbk\/\">\r\n                            Saudi Arabia\u2019s non-oil economy expected to maintain growth above 4% in 2025: NBK                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95066\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/non-oil-economy-expected-to-maintain-growth-above-4-in-2025-nbk\/2107-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2107.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95065\" class=\"content-area-description single-story post-95065 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-national-bank-of-kuwait-nbk tag-non-oil-economy 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\/.c2eac771-f1d8-409d-b2ef-1d18fcc2731e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Ara<\/strong><strong>bia\u2019s non-oil economy is forecast to grow more than 4.0% in 2025<\/strong>, compared to an estimated growth rate of 4.3% in 2024, the National Bank of Kuwait (NBK) said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/473.pdf\" style=\"\" rel=\"noopener\">a report (pdf)<\/a>. The lender\u2019s positive growth outlook is \u201cunderpinned by a strong investment drive, reform progress, rising FDI and employment, and promising momentum in strategic sectors such as tourism, manufacturing, and transport\/logistics,\u201d according to the report. Government investments as the Kingdom builds up toward the 2027 Asian Cup, Expo 2030, and the 2034 World Cup, are also underpinning the bank\u2019s expectations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The non-oil economy is playing an increasingly large role in overall GDP:<\/strong> The non-oil sector\u2019s share of GDP hit a record high of 51% in 2024, according to official preliminary estimates cited in the report. Non-oil growth hit 4.6% y-o-y in 4Q 2024, pushing up total non-oil growth for 2024 to an estimated 4.3%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growth could come in at an even higher rate than NBK expects:<\/strong> \u201cThe non-oil economy will grow by 4.8% in 2025 as the PIF reallocates capital towards domestic projects aligning with Vision 2030 goals, providing a significant boost to investment. Meanwhile, consumers will continue to benefit from structural improvements in the labor market,\u201d Fitch Solutions\u2019 research unit BMI <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/aa7f9fa0-298e-4190-a920-d23cba310949\/fab,-bmi-put-in-their-predictions-for-the-kingdom%25e2%2580%2599s-growth-prospects-in-2025\" style=\"\" rel=\"noopener\">said<\/a> last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The Kingdom\u2019s non-oil activity expanded to an over decade-high level to kick off the year in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0e84fa8d-6473-4595-9601-b29919057eff\/ksa,-kuwait-and-egypt-non-oil-private-sectors-have-a-positive-2025-kick-off\" style=\"\" rel=\"noopener\">January<\/a>, with our PMI headline figure coming in at 60.5 during the first month of the year, before new business growth cooled slightly to bring the figure down to 58.4 in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/887307aa-2d2f-4035-a67e-668fa5799dc7\/%253cmark%253enon-oil%253c%2Fmark%253e-private-sector-expansion-slows-in-february\" style=\"\" rel=\"noopener\">February<\/a>. Despite the PMI reading drop, business confidence in Saudi Arabia reached its highest level in 15 months last month, as businesses conveyed optimism over economic growth and government initiatives that could help support their development and expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Certain sectors in the non-oil economy are making considerable progress:<\/strong> Sectors like wholesale and retail trade, construction, manufacturing, and transport are seeing noticeable output gains that have been facilitated by a significant increase in domestic investment as part of the National Investment Strategy (NIS), according to NBK.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The NIS <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/816c2136-452b-4201-adbb-837e14ec20dd\/fresh-executive-regs-for-product-specs-and-quality\" style=\"\" rel=\"noopener\">aims to boost<\/a> Saudi Arabia\u2019s GDP by SAR 6.8 tn and increase cumulative investment volumes by SAR 12 tn by 2030, which would position the Kingdom among the world\u2019s largest 15 economies. Other targets the NIS aims to achieve by 2030 include reducing the unemployment rate to 7%, raising non-oil exports contribution to the GDP to 50%, and increasing the private sector\u2019s share of GDP to 65%. The NIS also targets boosting FDI inflows to account for 5.7% of GDP, or SAR 388 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi manufacturing looks to have rebounded in 2024<\/strong>, after having slowed in 2023 due to \u201ca combination of base effects and weaker petrochemicals demand in China,\u201d with output having grown by an average of 2.6% in 9M 2024. The sector is also expected to expand its activity to include industrial and military equipment manufacturing, as well as renewable energy and metals and minerals mining.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reforms will help boost FDI and overall growth even further: <\/strong>\u201cOngoing reforms aimed at enhancing the effective execution of laws, streamlining procedures and fees, raising the participation of women in the labor force, facilitating access to land and finance, and improving governance should further promote private sector expansion, draw in more FDI and support overall productivity growth,\u201d the report reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some risks remain \u2014 but the overall outlook is positive: <\/strong>Falling oil prices could pressure the government\u2019s fiscal position and widen the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/72e76ea0-cfe5-4328-95c3-cf39eefa9004\/\" style=\"\" rel=\"noopener\">SAR 101 bn deficit<\/a> it penciled for 2025, potentially leading to the scaleback of some projects, reads the report. Other risks include US rate cuts lagging behind expectations and new US tariffs, which could drive up import costs and add inflationary pressures. A significant reduction in spending appears to be unlikely, as alternative funding sources, a well-capitalized sovereign wealth fund, ample reserves, and a relatively low debt-to-GDP ratio provide financial flexibility, according to NBK.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-bank-of-kuwait-nbk\/\">National Bank of Kuwait (NBK)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/non-oil-economy\/\">Non-oil economy<\/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=\"95067\" 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=\"95067\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/saudi-uae-swfs-led-regional-ma-activity-in-2024\/\">\r\n                            Saudi + UAE SWFs led regional M&amp;A activity in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/saudi-uae-swfs-led-regional-ma-activity-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This marks a 3% increase in transaction count and a 7% rise in value y-o-y, likely fueled by capital market reforms, policy shifts, and growing interest from foreign investors, the report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi and Emirati sovereign wealth funds remained the key drivers of dealflow in the region<\/strong>, with Abu Dhabi\u2019s Mubadala Investment (along with two US-based PE firms) clinching the heftiest cash-based M&A last year, as it acquired an 80% stake in US-based fifth largest ins. player Truist Ins. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c6ab62e3-42b5-4d90-8661-abd1750d89f2\/mubadala-buys-out%253cmark%253e-truist%253c%2Fmark%253e-ins.-holdings-alongside-co-investors-%2B-ups-its-stake-in-brazilian-food-retailer\" style=\"\" rel=\"noopener\">USD 15.5 bn<\/a> in February 2024. PIF-backed Aramco followed, snapping up an additional 22.5% stake in Rabigh Refining and Petrochemical (Petro Rabigh) for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e7f765ed-7098-437e-a070-c3d229381b06\/aramco-is-getting-another-slice-of%253cmark%253e-petro%253c%2Fmark%253e%253cmark%253e-rabigh%253c%2Fmark%253e-%2B-extending-a-fresh-loan\" style=\"\" rel=\"noopener\">USD 8.9 bn<\/a>. Meanwhile, the Abu Dhabi Investment Authority (Adia) and Mubadala (along with a Hong Kong-based PE firm) acquired a 60% stake in China\u2019s Zhuhai Wanda Commercial Management Group for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2914b5d6-d173-4cb9-8b71-ef3825fb7990\/mubadala,-adia-invest-in-chinese-mall-unit\" style=\"\" rel=\"noopener\">USD 8.3 bn<\/a> in April. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cross-border transactions topped the M&A league table<\/strong>, making up 52% of the total volume, and 74% of the total value of transactions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Domestic M&A accounted for 48% of total activity in the region last year<\/strong> with 339 transactions worth USD 24.4 bn, up slightly from 333 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/da458b4e-fa7c-49b9-bca1-19560c0c372c\/mena%253cmark%253e-m&a%253c%2Fmark%253e-activity-was-up-just-4%2525-in-value-terms-last-year\" style=\"\" rel=\"noopener\">in 2023<\/a>. Technology and consumer products led the charge, accounting for a combined 35% of the total domestic count. Meanwhile, oil and gas remained the heavyweight in terms of value, contributing USD 9 bn \u2014 largely driven by Aramco\u2019s acquisition of Petro Rabigh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outbound investments <\/strong>accounted for the lion\u2019s share of total consolidated transaction value (61%) with 199 transactions worth USD 56.6 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inbound investments totaled USD 11.4 bn across 143 transactions<\/strong>, with the value rising 42% y-o-y and volume up 18% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia and the UAE captured the bulk of inbound and total M&A<\/strong>, with the two countries being home to 318 M&A transactions worth a total of USD 29.6 bn last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US was the biggest bidder from outside the MENA region last year<\/strong>, logging 48 transactions worth USD 4.6 bn. The capital flowed both ways as MENA investors also made the US their prime destination in 2024, striking 41 M&A transactions valued at USD 19.9 bn in the American market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The technology sector led inbound investments in the region last year<\/strong>, accounting for 23% of total inbound and domestic transaction volume.<\/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\/abu-dhabi-investment-authority-adia\/\">Abu Dhabi Investment Authority (Adia)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/the-public-investment-fund-pif\/\">The Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95069 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=\"95069\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/95069\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95069\" class=\"content-area-description single-story post-95069 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=\"95070\" 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=\"95070\">\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\">LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/mawani-dp-world-inaugurate-sar-3-bn-container-terminal-at-jeddah-islamic-port\/\">\r\n                            Mawani, DP World inaugurate SAR 3 bn container terminal at Jeddah Islamic port                        <\/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\/09\/mawani-dp-world-inaugurate-sar-3-bn-container-terminal-at-jeddah-islamic-port\/\" 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 expansion is targeting a future capacity of 5 mn TEUs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cutting-edge<\/strong><strong>: <\/strong>The 2.15k meter quay \u2014 with 18 meter deep-water capacity \u2014 will now be able to handle up to five large container ships simultaneously. The modernized terminal integrates automation, IoT cargo tracking, and AI load analysis to reduce gate transaction times from two minutes to just 10 seconds. The capacity for refrigerated containers was also doubled to 2.34k from 1.2k. Meanwhile, automated and electrified yard cranes were introduced, while aiming to expand quay cranes to reach 17 by the end of this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The expansion project \u2014 awarded to DP World in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e4d15cd1-89a3-4e41-9616-3da9a8ac1963\/dp-world-invest-some-sar-1.28-bn-into-the-south-container-terminal-at-jeddah-islamic-port\" style=\"\" rel=\"noopener\">April 2020<\/a> \u2014 is part of SAR 9 bn concession contracts between Mawani, DP World, and Red Sea Gateway Terminal under a build-operate-transfer (BOT) model. These agreements represent the biggest concession contracts in Saudi ports history.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More in the pipeline:<\/strong> DP World is building a new facility with a capacity to inspect up to 75 reefer containers at once \u2014 the largest in the Kingdom, according to the press release. The Dubai-based giant is also working on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/de1c35b8-3e47-46b2-839d-732e3295487b\/dp-world-%2B-mawani-break-ground-on-jeddah-islamic-port-logistic-park\" style=\"\" rel=\"noopener\">a SAR 900 mn<\/a> logistics park spanning 415k sqm to enhance storage, distribution, and shipping services, set to be completed by 2Q 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A focus on sustainability: <\/strong>Mawani and DP World aim to cut the terminal\u2019s carbon emissions by 50% within five years by adopting electric cranes and trucks, green building designs, and water recycling systems, the statement 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\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/maritime\/\">MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-ports-authority\/\">Saudi Ports Authority<\/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=\"95072\" 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=\"95072\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/future-vision-gears-up-for-nomu-listing\/\">\r\n                            Future Vision gears up for Nomu listing                        <\/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\/09\/future-vision-gears-up-for-nomu-listing\/\" 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\/09\/future-vision-gears-up-for-nomu-listing\/')\">\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\/09\/future-vision-gears-up-for-nomu-listing\/\">\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=Future Vision gears up for Nomu listing&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/future-vision-gears-up-for-nomu-listing\/\">\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\/09\/future-vision-gears-up-for-nomu-listing\/&title=Future Vision gears up for Nomu listing\">\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=Future+Vision+gears+up+for+Nomu+listing+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F09%2Ffuture-vision-gears-up-for-nomu-listing%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\/09\/future-vision-gears-up-for-nomu-listing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/598.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95073\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/future-vision-gears-up-for-nomu-listing\/598-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/598.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"598.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/598.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/598.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95072\" class=\"content-area-description single-story post-95072 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseam-ksa tag-future-vision tag-ipo-watch tag-nomu wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.3b0e11d4-8fbb-491b-a517-a369cdf39ee3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Future Vision<\/strong><strong> to list on Nomu:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.fv.academy\/landing\/\" style=\"\" rel=\"noopener\">Future Vision for Health Training<\/a> announced plans to list on the Nomu parallel market, offering 2 mn newly-issued shares representing 20% of its post-IPO capital, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/577.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a>. The Capital Market Authority approved the IPO in December 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds: <\/strong>The company will allocate SAR 2 mn to cover the offering expenses, including financial advisor and underwriter fees. The remaining net proceeds will be used to develop the company\u2019s assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Post-IPO structure + lockup:<\/strong> Major shareholders will see their combined ownership drop to 53.97% from 67.46% following the offering. They will be restricted from selling their shares for 12 months from the first day of trading.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline:<\/strong> Qualified investors can subscribe from 6 to 10 April, with a minimum subscription of 100 shares and a maximum of 499k shares per investor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Future Vision:<\/strong> Founded in 2019, Future Vision specializes in vocational training and education in Riyadh, Jeddah and Madinah, offering certified courses accredited by the Saudi Commission for Health Specialities and life support programs approved by the American and Saudi Heart Associations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Earnings snapshot: <\/strong>The company reported a 12.4% y-o-y decline in net income to SAR 689k in 1H 2024. Meanwhile, revenues declined 4.5% y-o-y to SAR 7.2 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Yaqeen Capital is the financial and lead manager. Receiving agents include Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, and Sahm Capital.<\/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\/future-vision\/\">Future Vision<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nomu\/\">Nomu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95074\" 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=\"95074\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/maadens-net-income-up-82-1-in-2024-jabal-omar-saudi-cement-report-full-year-earnings\/\">\r\n                            Ma\u2019aden\u2019s net income up 82.1% in 2024 + Jabal Omar, Saudi Cement report full-year earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/maadens-net-income-up-82-1-in-2024-jabal-omar-saudi-cement-report-full-year-earnings\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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earnings&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/maadens-net-income-up-82-1-in-2024-jabal-omar-saudi-cement-report-full-year-earnings\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/maadens-net-income-up-82-1-in-2024-jabal-omar-saudi-cement-report-full-year-earnings\/&title=Ma\u2019aden\u2019s net income up 82.1% in 2024 + Jabal Omar, Saudi Cement report full-year earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1058.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95075\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/maadens-net-income-up-82-1-in-2024-jabal-omar-saudi-cement-report-full-year-earnings\/1058-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1058.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1058.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1058.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1058.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95074\" class=\"content-area-description single-story post-95074 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-al-majed-oud tag-earnings-watch tag-enterpriseam-ksa tag-jabal-omar-development-2 tag-maaden tag-makkah-construction-and-development-company-mcdc 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\/.837f5c3f-77cf-4b93-85e2-c36155b95bbd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SAUDI ARABIAN MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saud<\/strong><strong>i Arabian Mining (Ma\u2019aden<\/strong><strong>) saw its net income grow 82.1% y-o-y in 2024 to SAR 2.9 <\/strong><strong>bn<\/strong>, fueled by an increase in gross profit tied to higher sales prices and volumes, lower raw material costs and depreciation expense, and recovery from one-off industrial utility charges from the year before, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/585.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>Ma\u2019aden recorded its second-highest annual revenue at SAR 32.5 bn in 2024, up 11.2% y-o-y, buoyed by sales volumes for all portfolio products, except ammonia and alumina.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Ma\u2019aden caught the tailwind of rising gold prices in 2024, through the ownership of six gold mines and new gold discoveries <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/090b363b-a648-4cf2-ba64-02e944ef7e6f\/%253cmark%253e%253c%2Fmark%253ema%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253eaden%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elands%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eupon%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egold%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ecopper%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethree%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emining%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esites%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">last January<\/a> in the Arabian Shield region. Gold prices rose 28% in 2024, hitting USD 2.6k per ounce. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2024 highlights: <\/strong>Ma\u2019aden acquired Mosaic\u2019s 25% stake in Ma\u2019aden Wa\u2019ad Al Shamal Phosphate Company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e8dd61d3-d711-48fb-b572-06c2a8d91e97\" style=\"\" rel=\"noopener\">in December<\/a>, upping its ownership to 85%. It also inked a share purchase and subscription agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2fb6e002-359f-42dc-99b0-c66783b59051\/ma%25e2%2580%2599aden-to-acquire-25.1%2525-stake-in-jv-with%253cmark%253e-alcoa%253c%2Fmark%253e-for-usd-1.1-bn\" style=\"\" rel=\"noopener\">back in September<\/a> to acquire Alcoa\u2019s 25.1% stake in Ma\u2019aden Aluminium Company and Ma\u2019aden Bauxite and Alumina Company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In more recent developments:<\/strong> Ma\u2019aden kicked off construction of its SAR 28 bn Phosphate 3 project at the Wa\u2019ad Al Shamal Phosphate 3 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3b986c3c-0cdb-40b6-b306-85829f4f6bcd\/saudi-arabia-rises-in-emerging-markets-logistics-index-%2B-al-essa-trading-to-go-public-within-three-years\" style=\"\" rel=\"noopener\">back in January<\/a> with USD 922 mn in contracts awarded, and raised USD 1.3 bn from USD-denominated sukuk issuance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ff1b7a60-b8dd-4ed0-a0df-7dbc0ef2e822\/ma%25e2%2580%2599aden-raises-usd-1.3-bn-from-usd-denominated-sukuk-issuance\" style=\"\" rel=\"noopener\">last month<\/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\">JABAL OMAR DEVELOPMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jabal <\/strong><strong>Omar Development\u2019s <\/strong><strong>net income jumped 433.8% y-o-y to SAR 200.1 mn in 2024, <\/strong>driven by increased revenues and SAR 748 mn land sales at the Jabal Omar project, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85619&anCat=1&cs=4250&locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a>. The gains were partially offset by higher general, administrative, and financial costs, as well as expected credit losses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>Revenues increased 43.3% y-o-y to SAR 1.9 bn in the same period, buoyed by higher occupancy rates, leasing activities, and full accounting of unit sales at Jumeirah Jabal Omar.<\/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 CEMENT-<\/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:\/\/saudicement.com.sa\/\" style=\"\" rel=\"noopener\">Saudi C<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudicement.com.sa\/\" style=\"\" rel=\"noopener\">ement Company<\/a><\/strong><strong>\u2019s net income rose 10.7% y-o-y to SAR 421.9 mn in 2024<\/strong>, driven by higher revenues and investment income, as well as lower finance costs, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85618&anCat=1&cs=3030&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues were up 14.6% y-o-y at SAR 1.7 bn on the back of rising sales.<\/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\">AL MAJED OUD-<\/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:\/\/almajed4oud.com\/en-sa\/\" style=\"\" rel=\"noopener\">Al Maje<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/almajed4oud.com\/en-sa\/\" style=\"\" rel=\"noopener\">d Oud<\/a><\/strong><strong>\u2019s net income climbed 5.6% y-o-y to SAR 157 mn in 2024<\/strong>, aided by geographic expansion, new points of sale and products, and a growing e-commerce segment, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85621&anCat=1&cs=4165&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues also increased 19.9% y-o-y to SAR 926 mn during the same period, fueled by higher spending in marketing campaigns to support market expansion and new products.<\/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 recommended distributing SAR 100 mn in dividends for 2024 at SAR 4.00 per share, representing 40% of the share\u2019s par value, 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=85622&anCat=1&cs=4165&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The eligibility and distribution dates and will be announced later.<\/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\">MCDC-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Makkah<\/strong><strong> Construction and Development Company (MCDC) saw its net income increase <\/strong><strong>23.1% y-o-y to SAR 411 mn in 2024<\/strong>, while revenues grew 14.4% y-o-y to SAR 836 mn, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85626&anCat=1&cs=4100&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. MCDC attributed its bottom and top line growth to stronger performance by the Hajj segment, rising revenues from commercial mall rentals, higher average rates for hotels and towers, and improved income from affiliates and financing activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>MCDC\u2019s board recommended distributing SAR 300 mn in dividends for 2024 at SAR 1.50 per share, 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=85627&anCat=1&cs=4100&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The distribution and eligibility dates will be announced later.<\/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\">BASIC CHEMICAL INDUSTRIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bci.sa\/\" style=\"\" rel=\"noopener\">Basic C<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bci.sa\/\" style=\"\" rel=\"noopener\">hemical Industries<\/a><\/strong><strong> saw its net income fall 8.2% y-o-y to SAR 40.4 mn in<\/strong><strong> 2024<\/strong>, weighed down by higher general and administrative expenses and zakat tax, in addition to lower gains from asset sales and other income, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85617&anCat=1&cs=1210&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues inched up 2% y-o-y to SAR 755.6 mn in the same period, pushed by growth in basic chemicals, toll manufacturing, and adhesives.<\/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-majed-oud\/\">Al Majed Oud<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jabal-omar-development-2\/\">Jabal Omar Development\u2019<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/maaden\/\">Ma\u2019aden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/makkah-construction-and-development-company-mcdc\/\">Makkah Construction and Development Company (MCDC)<\/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=\"95076\" 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=\"95076\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/pif-is-seeking-consultancy-for-a-new-business-district-in-riyadh\/\">\r\n                            PIF is seeking consultancy for a new business district 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\/09\/pif-is-seeking-consultancy-for-a-new-business-district-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 fund is receiving bids from firms looking to fill the position until 20 March 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is interested?<\/strong> US-based firms Aecom, Bechtel, Jacobs, Parsons, and Turner, as well as the UK\u2019s Mace are among the prospective bidders. The request for proposals was reportedly issued by PIF-subsidiary Tower District Real Estate Development Company, writes Meed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>British architecture studio Foster + Partners is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/90cbdfc6-648a-4c4a-8597-b00b493855c9\/2x-the%253cmark%253e-burj-khalifa%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">reportedly working on designs<\/a> for the skyscraper \u2014 which would be twice as tall as the world\u2019s current tallest building, the Burj Khalifa. The PIF-backed project will be built at a site near the capital\u2019s King Khalid International Airport.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a bigger push: <\/strong>There are 100 commercial and residential towers worth some SAR 100 bn currently in the final stages of construction in Riyadh, Knight Frank Global executives and experts told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/03\/06\/article_2758147.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/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\">DISPUTE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The East<\/strong><strong>ern Province Municipality terminated investment contracts with Smart <\/strong><strong>Cities <\/strong><strong>Solutions (SCS)<\/strong>, a <a target=\"_blank\" href=\"http:\/\/www.batic.com.sa\/\" style=\"\" rel=\"noopener\">Batic Investments and Logistics<\/a> subsidiary, for the development and operation of parking facilities in Dammam, Dharan, and Khobar, Batic said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85639&anCat=1&cs=4110&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company remains in contact with Saudi authorities while \u201ctaking the necessary measures to safeguard its rights and protect the interests of its shareholders,\u201d reads the disclosure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The Eastern Province Municipality took over the management and operation of parking facilities <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/41dd5bd1-5374-4a38-b2b5-38c040d87add\/riyad-bank-fully-redeems-usd-1.5-bn-sukuk#:~:text=Batic%20%2B%20Eastern%20Region%20Municipality%20in%20conflict%20over%20parking%20facilities%3A%20Batic%20Investments\" style=\"\" rel=\"noopener\">back in February<\/a> with Batic getting ready to take legal action in response. The terminated agreements include long-term contracts held by SCS to develop, construct, and operate parking spaces and facilities at Khobar and Dhahran until 2044, and Dammam until 2045.<\/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\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The secon<\/strong><strong>d phase of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/redseaintl.com\/\" style=\"\" rel=\"noopener\">Red Sea International<\/a><\/strong><strong>\u2019s<\/strong><strong> (RSI) SAR 658 mn staff camp project at <\/strong><strong>Neom\u2019s Trojena Dam will not move forward<\/strong>, after Italian engineering outfit Webuild SpA \u2014 the contractor \u2014 decided not to activate the optional SAR 228 mn phase, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85634&anCat=1&cs=4230&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. RSI could be entitled to additional compensation when the works are completed, provided certain conditions in the contract are met.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FOOD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nadec + <\/strong><strong>Hilton Foods will create a red meat JV:<\/strong> The National Agricultural Development Company (Nadec) signed a 10-year shareholders\u2019 agreement with UK-based <a target=\"_blank\" href=\"https:\/\/www.hiltonfoods.com\/\" style=\"\" rel=\"noopener\">Hilton Foods<\/a> to establish a joint venture to process and package red meat in Saudi Arabia, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85632&anCat=1&cs=6010&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Nadec will own a 51% stake in the JV, and use its boning and retail packing facility in Haradh to supply the local market. The value of the agreement was not disclosed.<\/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\">ADVERTISING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AlBalad AlAmeen ink SAR 600 mn agreement with Rotana Signs:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.abam.sa\/?lang=en\" style=\"\" rel=\"noopener\">AlBalad AlAmeen<\/a>, the financial arm of Makkah Municipality, signed a SAR 600 mn agreement with Riyadh-based advertising agency <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/rotanasigns\/?viewAsMember=true\" style=\"\" rel=\"noopener\">Rotana Signs<\/a> to construct, operate, and maintain billboards in Makkah, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Abamco_sa\/status\/1897473376920461337\" style=\"\" rel=\"noopener\">post on X<\/a> last Thursday. No further details were disclosed.<\/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\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Raoom Trad<\/strong><strong>ing secured a SAR 100 mn<\/strong><strong> shariah-compliant loan from Al Jazira Bank<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85637&anCat=1&cs=4144&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The funding will run throughout 2025 and will be allocated to back the company\u2019s expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The BoD recommended <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/50a98643-7b24-4ffa-8a32-cfc0e374ce0b\/trump%25e2%2580%2599s-steel,-aluminum-tariffs-plan-sees-non-us-metal-stocks-fall-and-us-steel-stocks-rise\" style=\"\" rel=\"noopener\">last February<\/a> doubling the firm\u2019s capital to SAR 125 mn by capitalizing SAR 62.5 mn from retained earnings to strengthen the company\u2019s financial position and future 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\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi-Moroccan Joint Committee saw the signing of a mutual recognition agreement for the <\/strong><strong>Authorized Economic Operator (AEO) program<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2276282\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The Program was launched <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\">back in January<\/a>, granting importers, exporters, and service logistics providers operating access to a benefits suite, including administrative, procedural, and financial perks.<\/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\">TRANSPORT-<\/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.jedtc.com.sa\/\" style=\"\" rel=\"noopener\">Jeddah<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.jedtc.com.sa\/\" style=\"\" rel=\"noopener\">Transport Company (JTC)<\/a><\/strong><strong> launched the first phase of the Maritime Taxi <\/strong><strong>service<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/JeddahTransport\/status\/1897636648533270556\" style=\"\" rel=\"noopener\">post on X<\/a>. In the initial phase, <a target=\"_blank\" href=\"https:\/\/x.com\/JeddahTransport\/status\/1897713249409515637\" style=\"\" rel=\"noopener\">the service<\/a> will connect the Jeddah Yacht Club, Jeddah Historic District (Al Balad), and Obhur neighborhood, running from 3:30pm to 1:30am during the month of Ramadan. Tickets range from SAR 25 to 50 for adults, while children under five ride for free. Bookings can be made <a target=\"_blank\" href=\"https:\/\/app.jedtc.com.sa\/auth\/login\/\" style=\"\" rel=\"noopener\">through the app<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-jazira-bank\/\">Al Jazira Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/foster-and-partners\/\">Foster and Partners<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-agricultural-development-company-nadec\/\">National Agricultural Development Company (Nadec)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/raoom-trading\/\">Raoom Trading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-morocco-relations\/\">Saudi-Morocco relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zakat-tax-and-customs-authority-zatca\/\">Zakat Tax and Customs Authority (ZATCA)<\/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=\"95078\" 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=\"95078\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/global-dividends-reached-usd-1-8-tn-last-year\/\">\r\n                            Global dividends reached USD 1.8 tn last year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/global-dividends-reached-usd-1-8-tn-last-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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On a quarterly basis, dividends were up by 7.3% in 4Q 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big payouts from Meta, Alphabet, and Alibaba drove one-fifth of global dividend growth.<\/strong> Alibaba\u2019s USD 5.1 bn payout helped lift China\u2019s total to a record USD 62.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The world's largest dividend payers in 2024, ranked by total payouts, were Microsoft, <\/strong><strong>Exxon Mobil, HSBC, Apple, China Construction Bank,<\/strong> PetroChina, China Mobile, JPMorgan Chase, Chevron, and Johnson & Johnson. Together, they distributed USD 145.9 bn in dividends<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growth by sector: <\/strong>While dividend growth was broad-based, the financial sector led the way, with banking dividends rising USD 36.4 bn, aided by one-off special payments. Other sectors, including telecoms, construction, insurance, consumer durables, and leisure, saw gains exceeding 10%. Media companies, led by Meta and Alphabet, doubled their dividends, while Alibaba bolstered retail payouts. On the downside, mining and transport experienced a combined USD 26 bn drop, and dividends in the oil, gas, and energy sector declined by 4.1% to USD 166.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US led global distributions with payouts reaching USD 651.7 bn<\/strong>, followed by the UK with USD 90.6 bn and Japan with USD 86.0 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emerging markets saw a 9% increase in payouts y-o-y<\/strong>, driven by record distributions of USD 62.7 bn from China and USD 30.6 bn from India. Saudi Arabia contributed USD 16.9 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends to rise this year: <\/strong>The firm expects dividends to rise 5% to USD 1.8 tn in 2025, though a stronger USD may weigh on headline growth. The Trump administration could boost US firms but also heighten inflation risks, potentially triggering market volatility. However, corporate earnings are still expected to grow by over 10%.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,811<\/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: -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>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\">1,490<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -1.3%)<\/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>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\">31,297<\/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\">-0.8% (YTD: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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\">30,947<\/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: +4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,447<\/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: +0.3%)<\/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>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\">5,223<\/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: +1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,770<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: -1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,680<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +6.2%)<\/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>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\">5,468<\/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: +11.7%)<\/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>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 70.36<\/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\">+1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.3%<\/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>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 2,914<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 86,167<\/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: -7.9%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI fell 0.7% on Thursday <\/strong>on turnover of SAR 7.1 bn. The index is down 1.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Tanmiah (+4.8%), Malath Insurance (+4.3%) and Amak (+3.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Mouwasat (-9.3%), Walaa (-8.0%) and Al Majed Oud (-7.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong><strong> fell 0.8% on Thursday <\/strong>on turnover of SAR 34.7 mn. The index is down 0.6% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> AlBattal Factory (+6.7%), Leaf (+6.5%) and Mulkia (+5.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Purity (-7.1%), Horizon Educational (-6.8%) and Watani Steel (-6.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jana Medic<\/strong><strong>al converted two of its branches into wholly owned limited liability<\/strong> <strong>companies<\/strong>, after completing regulatory procedures with the Commerce Ministry on 5 March, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85643&anCat=1&cs=9616&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The two entities are Excellent Care Company, which focuses on medical devices and supplies, and Elite Care Medical Company, which sells ambulances and medical equipment. Each company has a fully paid-up capital of SAR 100k, funded from Jana Medical\u2019s internal resources.<\/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\/dividends\/\">dividends<\/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=\"95080\" 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=\"95080\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/09\/ukraines-zelensky-to-visit-riyadh-on-monday-ahead-of-us-ukraine-talks\/\">\r\n                            Ukraine\u2019s Zelensky to visit Riyadh on Monday ahead of US-Ukraine talks                        <\/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\/09\/ukraines-zelensky-to-visit-riyadh-on-monday-ahead-of-us-ukraine-talks\/\" 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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Ukrainian President Volodymyr Zelenskiy will also arrive in Saudi Arabia on Monday for a meeting with Crown Prince Mohammed bin Salman ahead of talks with US officials on Tuesday, according to <\/span><a target=\"_blank\" href=\"https:\/\/x.com\/ZelenskyyUa\/status\/1898084368565817513\" rel=\"noopener\">posts on X<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zelensky is not participating: <\/strong>While Zelensky will not be attending the talks, his delegation \u2014 including FM Andrii Sybiha, chief of staff Andriy Yermak, and Defence Minister Rustem Umerov \u2014 will remain in Saudi Arabia to meet with US officials later in the week, <a target=\"_blank\" href=\"https:\/\/en.interfax.com.ua\/news\/general\/1053791.html?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">Interfax<\/a> reports, citing a Telegram message by Zelensky.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The talks follow last week's heated exchange in the Oval Office between Zelensky and US president Donald Trump, which resulted in the White House abruptly suspending military assistance and intelligence sharing with Kyiv.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the US side<\/strong>, Special Envoy Steve Witkoff, Secretary of State Marco Rubio, and National Security Adviser Mike Waltz are confirmed to attend, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/top-u-s-officials-to-meet-ukraine-counterparts-next-week-in-riyadh-059dc5f5\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports. Witkoff said the discussions aim to establish a framework for a peace agreement to end the three-year war and initiate an initial ceasefire, after Zelensky expressed \u201cregret\u201d and a desire to rebuild ties with Washington.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> The Organization of Islamic Cooperation's (OIC) foreign ministers welcomed Syria\u2019s return to the organization and reaffirmed their support for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48250d32-2bc2-43c3-b095-3c90366a8c77\/\" style=\"\" rel=\"noopener\">Gaza reconstruction plan<\/a> at an extraordinary meeting held in Jeddah last Friday to discuss developments in Gaza, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2277259\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. The meeting was attended by FM Faisal bin Farhan.<\/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\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ukraine\/\">Ukraine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/us\/\">US<\/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=\"95082\" 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\/09\/95082\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95082\" class=\"content-area-description single-story post-95082 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;\">10 March (Monday): Deadline for businesses subject to withholding tax to file their February tax returns. <\/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 style=\"font-weight:400;\">16 March (Sunday): Surplus refunds 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;\">17 March: Settlement date for Saudi National Bank\u2019s USD-denominated Formosa bonds.<\/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>EY\u2019s MENA M&#038;A Insights | Mawani, DP World unveil container terminal | Future Vision heads to Nomu<\/p>\n","protected":false},"featured_media":95061,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-95060","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c66f2c15-13ca-447a-80a6-9621c7b29817","teaser":"EY\u2019s MENA M&A Insights | Mawani, DP World unveil container terminal | Future Vision heads to Nomu","photo_url":"https:\/\/ent.news\/2024\/2\/1218.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Non-oil economy to maintain growth above 4% in 2025: NBK - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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