{"id":95104,"date":"2025-03-10T00:00:00","date_gmt":"2025-03-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=95104"},"modified":"2025-12-14T20:29:19","modified_gmt":"2025-12-14T20:29:19","slug":"real-gdp-grows-1-3-y-o-y-in-2024","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/real-gdp-grows-1-3-y-o-y-in-2024\/","title":{"rendered":"Real GDP grows 1.3% y-o-y in 2024"},"content":{"rendered":"<section id=\"95106\" 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=\"95106\">\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\/10\/derayah-financial-debut-on-tadawul-today-zelensky-rubio-to-land-in-riyadh\/\">\r\n                            THIS MORNING: Derayah Financial debut on Tadawul today + Zelensky, Rubio to land 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\/10\/derayah-financial-debut-on-tadawul-today-zelensky-rubio-to-land-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 Kingdom is easing into the expected business slowdown as we approach the ten-day mark of Ramadan. It\u2019s not the same on the political landscape, however, as we gear up for mediating high-profile talks between the US and Ukraine this week that could see an end to the years-long conflict with Russia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In this morning\u2019s news well: <\/strong>Gastat is out with latest estimates on GDP growth in 2024, while Capital Economics weigh in on Opec+ raising production levels in April, and whether Saudi Arabia will stick to the plans amid falling oil prices. We also delve into the latest data on the contracting sector\u2019s performance in February. Let\u2019s dive in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When do we eat? <\/strong>Maghrib is at 6:00pm today in Riyadh. You\u2019ll have until fajr prayers at 4:48am tomorrow to wrap up 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><a id=\"wwtt1\"><\/a> <\/strong><strong>Shares of <\/strong><strong>Derayah <\/strong><strong>Financial will begin trading today on Tadawul\u2019s main market<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/vZLLcoIwFIafpYsumRzuuKQ31MEqIijZMCmJNi0E1FT6-I3aRXW8dLpoVufP_Cfn8gVhNENYkA1fEMlrQUqlM-zktu-A0fVgGExCHaLUDb00mujQs1CKMMJlXZCSoYyJrWoKTlFmmTaxC-pptEOpZoFJNA9eDM0A19SJrne8ubV1F0I28hVlklDSfpQ5E7ewJtq33MXNihdsTQTlgjIV7S4Fa_dBRVbvTO5lIX9IVcqwwYROydeSiwWaHg7jDQIHomc_GhquDUEKCF-e9Sgf4pEN0dNoYIYwhgCc3-XDmeNfrR-r_WbqDfesyVdFNpy1KBH1qlL84u2Kp_eDPEoexyr3z6S6gPrX-lOfhb8tl9hXVGsh2adEs3_Big87G_odV4Hp3wW90Dc9xz02nCB_aDiBdme4wK6pKs-stCSZte2kW-UP4Tzucf_mC7b26TY!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">statement<\/a> from the exchange. Shares can fluctuate within a \u00b130% range for the first three days, after which price fluctuations will be capped at \u00b110% as circuit breakers take effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The first brokerage firm to hit the market priced its offering of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/efec9da1-d709-49f5-9028-2049b34876d7\/%253cmark%253ederayah%253c%2Fmark%253e-financial-is-set-to-become-the-first-brokerage-to-go-public-on-tadawul\" style=\"\" rel=\"noopener\">20% stake<\/a> (good for 49.95 mn shares) at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e36c8999-ca46-438c-8b46-9deef68ec4bb\/%253cmark%253ederayah%253c%2Fmark%253e-financial-prices-tadawul-ipo-at-the-top-of-the-guidance-range-at-sar-30-per-share\" style=\"\" rel=\"noopener\">SAR 30 apiece<\/a>, after its institutional book was 162x oversubscribed. The pricing gives Derayah a market cap of SAR 7.49 bn, with proceeds from the sale earmarked to the selling shareholders after deducting some SAR 51 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><a id=\"wwtt2\"><\/a> <\/strong><strong>Ukraini<\/strong><strong>an President Volodymyr Zelensky arrives in Saudi Arabia today<\/strong> <strong>to meet with <\/strong><strong>Crown Prince Mohammed Bin Salman. <\/strong>The meeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/885d4339-a448-4d65-99e6-8dea64608797\/ukraine%25e2%2580%2599s%253cmark%253e-zelensky%253c%2Fmark%253e-to-visit-riyadh-on-monday-ahead-of-us-ukraine-talks\" style=\"\" rel=\"noopener\">precedes talks<\/a> between top US and Ukrainian officials in Riyadh tomorrow, which Zelensky will be skipping.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US Secretar<\/strong><strong>y of State Marco Rubio is also due to land in Jeddah today to join the <\/strong><strong>US-Ukrainian talks,<\/strong> and to meet separately with the Crown Prince to advance US-Saudi relations, according to <a target=\"_blank\" href=\"https:\/\/www.state.gov\/secretary-rubios-travel-to-saudi-arabia-and-canada\/\" style=\"\" rel=\"noopener\">a statement<\/a> from the US State Department. Rubio is planned to stay in Riyadh until Wednesday.<\/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. The US administration has been pushing hard for a ceasefire lately, to deliver on one of Trump\u2019s key campaign promises.<\/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>Stormy skies still hover over Riyadh, while Makkah and Madinah can expect windy weather today.<\/p>\n<ul>\n<li>Riyadh: 23\u00b0C daytime \/ 14\u00b0C overnight<\/li>\n<li>Makkah: 31\u00b0C daytime \/ 19\u00b0C overnight<\/li>\n<li>Madinah: 28\u00b0C daytime \/ 14\u00b0C overnight<strong> <\/strong><\/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- FINAL CALL- <\/strong><strong>Businesses <\/strong><strong>subject to withholding tax must file their February tax returns <\/strong><strong>by end-of-day today <\/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>. 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- T<\/strong><strong>he<\/strong><strong> procedural guide for off-plan real estate sales and leasing is up for <\/strong><strong>public <\/strong><strong>consultation<\/strong><strong> on <\/strong><strong><a target=\"_blank\" href=\"https:\/\/istitlaa.ncc.gov.sa\/ar\/Municipality\/rega\/TheproceduralguideforrealestateOffPlanproj\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Istitlaa<\/a><\/strong> until 8 April. The guide \u2014 prepared by the Real Estate General Authority (Rega) <strong>\u2014 <\/strong>outlines licensing procedures, developer requirements, and regulatory obligations for off-plan projects. You can check out Rega\u2019s simplified guide <a target=\"_blank\" href=\"https:\/\/istitlaa.ncc.gov.sa\/ar\/municipality\/rega\/theproceduralguideforrealestateoffplanproj\/Documents\/%D8%A7%D9%84%D8%AF%D9%84%D9%8A%D9%84%20%D8%A7%D9%84%D8%A7%D8%AC%D8%B1%D8%A7%D8%A6%D9%8A%20%D9%84%D8%A8%D9%8A%D8%B9%20%D9%88%D8%AA%D8%A3%D8%AC%D9%8A%D8%B1%20%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA%20%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9%20%D8%B9%D9%84%D9%89%20%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%B7%D8%A9.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a>. <\/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=\"wwtt3\"><\/a> <\/strong><strong>Coffee cha<\/strong><strong>in operator Ratio Specialty\u2019s shares rose 15.2% on its Nomu debut <\/strong><strong>yesterday <\/strong><strong>to close at <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/reports-publications\/historical-reports\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz8DTxCnA3MDILdzUJDLAyNXE30I4EKzHEqMDTTD9aP0o8qTs1JTS5JTfFNLMpOLdGP9HX09EMWd80rySyp1I-0NDM20A8nZGRBdmJSVVqlIwBCiFcl\/#Z7_5A602H80O0HTC060SG6UT81216\" style=\"\" rel=\"noopener\">SAR 11.52<\/a><\/strong><strong> apiece<\/strong>, up from its final IPO price of <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 10.00<\/a>. The Al Ahsa-based company took <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\">a 25% stake<\/a> to the parallel market, raising <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> in proceeds in a secondary share sale that was 8.6x oversubscribed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ratio\u2019s shares can fluctuate within a \u00b130% range for the first three days<\/strong>, after which price fluctuations will be capped at \u00b110% as circuit breakers take effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Saudi <\/strong><strong>w<\/strong><strong>omen <\/strong><strong>currently hold 28% of leadership positions in the local digital economy<\/strong>, the Communications and Information Technology Ministry said in a <a target=\"_blank\" href=\"https:\/\/x.com\/McitGovSa\/status\/1898443679972692300\" style=\"\" rel=\"noopener\">post on X<\/a>. Women make up 52% of the digital economy workforce.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Hospitali<\/strong><strong>ty <\/strong><strong>licenses <\/strong><strong>in Makkah jumped 80% y-o-y to over 1k in 2024<\/strong>, up from around 570 in the previous year, the Tourism Ministry said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Saudi_MT\/status\/1898693958621900895\" style=\"\" rel=\"noopener\">post on X<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a quiet Monday morning in the global press<\/strong>, with no single story dominating the headlines. Among those worth noting:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Ceasefire talks to bear fruit? <\/strong>A US envoy believes Hamas and Israel could reach a new ceasefire agreement within weeks. \u201cI will say that I believe there is enough there to make a deal between what Hamas wants and what they\u2019ve accepted and what Israel wants and it\u2019s accepted,\u201d envoy for hostages Adam Boehler <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/09\/politics\/video\/sotu-hostage-envoy-adam-boehler-says-us-could-strike-deal-with-hamas-in-weeks\" style=\"\" rel=\"noopener\">told<\/a> CNN\u2019s State of the Union yesterday after holding talks with Hamas representatives. The new ceasefire agreement will see Hamas release the remaining 59 Israeli hostages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The news comes following Israel cutting electricity supplies to Gaza, which comes only days after Israel started blocking the entry of all humanitarian aid into Gaza in an effort to pressure Hamas into accepting amendments to the truce agreement. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-09\/us-envoy-says-new-gaza-ceasefire-hostage-deal-possible-in-weeks?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c1w0l3q4zd0o\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/gaza-israel-palestinians-war-news-ba90f0de3d4f64a1762d1a39f787817f\" 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>#2- Canada selects new prime minister: <\/strong>Former Governor of the Bank of Canada Mark Carney was elected to succeed Justin Trudeau as prime minister by the country\u2019s Liberal Party. Carney will take office amid tensions with the US under President Donald Trump, who has recently slapped new trade restrictions on Canadian exports. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/canada-liberals-announce-trudeaus-successor-midst-us-trade-war-2025-03-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/canada-liberals-prime-minister-carney-trudeau-trump-1547a81c8c3ff498438f10bddd178116\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/mar\/09\/mark-carney-to-be-next-canada-pm-after-winning-liberal-leadership-race\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/09\/americas\/canada-liberal-party-chooses-carney-leader-intl-latam\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a 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<a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/real-gdp-grows-1-3-y-o-y-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/695.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95110\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/real-gdp-grows-1-3-y-o-y-in-2024\/695-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/695.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"695.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/695.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/695.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95109\" class=\"content-area-description single-story post-95109 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-gastat tag-gdp tag-oil-gas 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\/.10f791cd-d8a0-4ce1-a2bc-3dd937ba6184.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Arabia\u2019s GDP saw a 1.3% y-o-y increase in 2024<\/strong><strong>, <\/strong>rebounding from a 0.8% contraction in 2023, on the back of a 4.3% increase in non-oil activities, according to figures from the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/680.pdf\" style=\"\" rel=\"noopener\">General Authority of Statistics (Gastat) (pdf)<\/a>. Oil activities shrank 4.5% y-o-y, while government expenditure grew 2.6% over the same period. The latest estimates echo <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/da3d0959-07de-4bb1-94b7-6c8b41d0cbcc\/saudi%253cmark%253e-gdp%253c%2Fmark%253e-grows-1.3%2525-in-2024,-buoyed-by-non-oil-activities\" style=\"\" rel=\"noopener\">last month\u2019s<\/a> flash projections.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beating (almost) all forecasts: <\/strong>The full-year growth figure is an uptick from the Finance Ministry\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e65fed3e-05eb-40aa-92f4-ff2c2204bfec\/finmin-expects-growth-to-jump-to-4.6%2525-in-2025\" style=\"\" rel=\"noopener\">0.8%<\/a> growth forecast, after it revised down its initial forecast of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/69383103-be0f-428c-9c90-dcb717acf955\/mega-projects,-non-oil-private-sector-growth-are-hallmarks-of-2024-state-budget\" style=\"\" rel=\"noopener\">4.4%<\/a>. The figure was also higher than the World Bank\u2019s revised estimate of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ffaf370e-3903-4e31-8ce9-abc71f7f698f\/%253cmark%253eworld-bank%253c%2Fmark%253e-revises-down-saudi-growth-forecast\" style=\"\" rel=\"noopener\">1.1% in December<\/a>, and only 0.1 percentage point lower than the IMF\u2019s recently revised <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2661e741-caa7-4415-ab9d-47944a4e8e64\" style=\"\" rel=\"noopener\">1.4% clip<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A look at 4Q: <\/strong>Real GDP grew 4.5% y-o-y during the fourth quarter of the year to SAR 1.1 tn, driven by a 3.4% growth in oil activity, which accounts for the highest share of GDP at 19.7%. Non-oil activity also saw a 4.7% growth, while government expenditure increased 2.2% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Real GDP grew 2.8% y-o-y <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/791914d6-330c-43bb-be02-c77d4ed722bc\/%253cmark%253egdp%253c%2Fmark%253e-grows-2.8%2525-in-3q-2024\" style=\"\" rel=\"noopener\">in 3Q 2024<\/a>, snapping a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/95dc89e4-6e0d-4694-b1ab-c9cd0bf99aed\/saudi%253cmark%253e-gdp%253c%2Fmark%253e-shrinks-0.3%2525-in-2q-2024\" style=\"\" rel=\"noopener\">four-quarter downward<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/95dc89e4-6e0d-4694-b1ab-c9cd0bf99aed\/saudi%253cmark%253e-gdp%253c%2Fmark%253e-shrinks-0.3%2525-in-2q-2024\" style=\"\" rel=\"noopener\">trend<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis:<\/strong> Seasonally adjusted real GDP was up 0.3% q-o-q in 4Q, supported by an increase of 1.3% in non-oil activities and a 0.6% increase in government activities by 0.6%. Meanwhile, quarterly growth was partly offset by a 1.5% drop in oil activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LOOKING AHEAD-<\/strong> The IMF and the World Bank slashed the Kingdom\u2019s 2025 growth projections to 3.2% and 3.4% respectively, citing extended Opec+ production cuts. Meanwhile, NBK <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/da317fcf-13a0-4b5e-94f6-d435760e8846\/\" style=\"\" rel=\"noopener\">forecasts<\/a> our non-oil GDP to grow more than 4.0% in 2025, \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<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gastat\/\">GASTAT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/oil-gas\/\">Oil &amp; gas<\/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=\"95111\" 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=\"95111\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/how-saudi-arabia-could-be-affected-by-opecs-decision-to-ramp-up-production-in-april\/\">\r\n                            How Saudi Arabia could be affected by Opec+\u2019s decision to ramp up production in April                        <\/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\/10\/how-saudi-arabia-could-be-affected-by-opecs-decision-to-ramp-up-production-in-april\/\" target=\"_blank\">\n                    Open in new tab                    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             <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/692.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95112\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/how-saudi-arabia-could-be-affected-by-opecs-decision-to-ramp-up-production-in-april\/692-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/692.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"692.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/692.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/692.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95111\" class=\"content-area-description single-story post-95111 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-oil tag-opec-2 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.0620f303-b0a5-4bd2-b2c1-952bd58c9365.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Sliding <\/strong><strong>oil prices prompt questions over Saudi Arabia\u2019s oil pledges:<\/strong> Opec+\u2019s decision last week to move forward with raising production levels in April and the subsequent slide in oil prices \u201cclose to multi-month lows\u201d are raising questions over \u201cwhether the group\u2019s key decision maker Saudi Arabia will stick to the plans,\u201d Capital Economics wrote in a note seen by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Opec+ <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f481ed2b-a929-4b6c-965c-048cfa7195e9\/arab-leaders-endorse-egypt%25e2%2580%2599s-usd-53-bn-reconstruction-plan-for-gaza\" style=\"\" rel=\"noopener\">agreed<\/a> to stick to plans to revive supply in April following repeated delays, with the group citing \u201chealthy market fundamentals\u201d and a \u201cpositive outlook.\u201d Opec+ kept the door open, however, for future changes in policy, saying that the increase may be paused or reversed depending on market conditions. \u201cThis flexibility will allow the group to continue to support oil market stability,\u201d the group said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom is set to raise production by 10% by the end of 2026, <\/strong>partially unwinding its 1 mn bbl \/ d voluntary cut. This is higher than other Gulf states including Kuwait and Oman \u2014 which plan on raising production by about 5% \u2014 but shy of the UAE\u2019s planned 15% production hike.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where oil prices stand:<\/strong> Brent crude futures fell 0.8% to USD 71.04 \/ bbl right after the decision was announced, recovering from an intraday low of USD 69.75. Futures currently stand at USD 70.36 \/ bbl. WTI crude fell 0.2% to USD 68.26 \/ bbl last Tuesday, and is down further to USD 66.72 \/ bbl today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Falling prices \u201cmay not sit quite right with Saudi Arabia in particular,\u201d<\/strong> Capital Economics argued, saying that if its prediction of the Kingdom\u2019s oil production rising to 10 mn bbl \/ d by the end of 2026 happens concurrently with a drop in oil prices to USD 60 \/ bbl, it would lead to a larger fall in oil revenues than the country is experiencing under current conditions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Falling oil prices could pressure the government\u2019s fiscal position and widen the SAR 101 <\/strong><strong>bn deficit it penciled for 2025<\/strong>, potentially leading to the scaleback of some projects, the National Bank of Kuwait (NBK) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/da317fcf-13a0-4b5e-94f6-d435760e8846\/non-%253cmark%253eoil%253c%2Fmark%253e-economy-expected-to-maintain-growth-above-4%2525-in-2025:-nbk\" style=\"\" rel=\"noopener\">wrote<\/a> in a report last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT-<\/strong> Saudi Arabia could be willing to bear the fiscal pressure from falling oil revenues \u201cif it strengthens its long-term position in the oil market,\u201d Capital Economics caveats.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the flipside, lower dividends from Aramco could create more budget pressure:<\/strong> Aramco\u2019s decision to cut its dividends by 31% in 2025, which is expected to widen Saudi Arabia\u2019s budget deficit to 4% of GDP from 2.8% in 2024. Along with the potential hit to oil-related revenues, the lower dividends could lead to \u201ca wider budget deficit than projected and increase the pressure for more fiscal consolidation measures,\u201d according to Capital Economics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taxation presents a more sustainable approach in the long-term for the Kingdom:<\/strong> \u201cA longer term approach to put the Kingdom\u2019s public finances on a stronger footing would be to increase non-oil revenues through taxation,\u201d Capital Economics wrote. Saudi Arabia remains behind other Gulf states that have more formal corporation tax and real estate taxes, which could be derailing the Kingdom\u2019s goal of doubling non-oil revenues in the next five years from the revenues accrued in 2024, which Capital Economics estimates to be SAR 502 bn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/oil\/\">Oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/opec-2\/\">OPEC+<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95113 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"95113\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/95113\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95113\" class=\"content-area-description single-story post-95113 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95114\" 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=\"95114\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/saudi-awards-10-projects-valued-at-sar-8-57-bn-in-february\/\">\r\n                            Saudi Arabia awards 10 projects valued at SAR 8.57 bn in February                        <\/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\/10\/saudi-awards-10-projects-valued-at-sar-8-57-bn-in-february\/\" 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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That\u2019s a 30% m-o-m increase, according to our calculations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil is at the top: <\/strong>The oil and gas sector dominated in terms of total project value with a single <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1a648bac-4bf6-4287-b9d0-8cad2e6ca33b\/arabica-star-debuts-on-nomu-today\" style=\"\" rel=\"noopener\">SAR 5.63 bn<\/a> accelerated carbon capture and storage project in the Eastern Province by Saudi Aramco, in partnership with multinational chemicals company <a target=\"_blank\" href=\"https:\/\/www.linde.com\" style=\"\" rel=\"noopener\">Linde<\/a> and US-based energy tech company <a target=\"_blank\" href=\"https:\/\/www.slb.com\" style=\"\" rel=\"noopener\">SLB<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Power and water contracts followed<\/strong>, totaling SAR 2.79 bn across four projects. <a target=\"_blank\" href=\"https:\/\/www.swpc.sa\/en\/\" style=\"\" rel=\"noopener\">Saudi Water<\/a><a target=\"_blank\" href=\"https:\/\/www.swpc.sa\/en\/\" style=\"\" rel=\"noopener\">Partnership Company<\/a> awarded two projects in Makkah \u2014 for Phases 1 and 2 of the Ras Mohaisan Independent Water Project \u2014 valued at SAR 2.25 bn. Meanwhile, Saudi Electricity Company awarded Al Jillah and Al Rain overhead transmission line projects in Riyadh, valued at a combined SAR 536.3 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The Industry and Mineral Resources Ministry awarded the largest number of projects, with five contracts worth SAR 161.25 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>March outlook: <\/strong>More than 50 new projects are expected to be awarded this month, with half focused on building and construction. Key players expected to award contracts include Aramco, Neom, the Public Investment Fund, and the Diriyah Gate Development Authority. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diriyah-gate-development-authority\/\">Diriyah Gate Development Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-electricity-company-sec\/\">Saudi Electricity Company (SEC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-water-partnership-company-swpc\/\">Saudi Water Partnership Company (SWPC)<\/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=\"95116\" 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=\"95116\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/\">\r\n                            Aramco Ventures leads USD 30 mn Series A round for US-based Spiritus                        <\/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\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/\" 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\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/')\">\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\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/\">\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=Aramco Ventures leads USD 30 mn Series A round for US-based Spiritus&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/\">\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\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/&title=Aramco Ventures leads USD 30 mn Series A round for US-based Spiritus\">\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=Aramco+Ventures+leads+USD+30+mn+Series+A+round+for+US-based+Spiritus+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F10%2Faramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus%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\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/690.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95117\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/690-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/690.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"690.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/690.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/690.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95116\" class=\"content-area-description single-story post-95116 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-aramco-ventures tag-enterpriseam-ksa tag-spiritus tag-startup-watch 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\/.73ad2ef3-80fb-4a52-aa2b-b01c5f782d0b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Aramco\u2019s global venture arm Aramco Ventures led a USD 30 mn Series A fundin<\/strong><strong>g round <\/strong><strong>for US-based climate-tech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spiritus.com\/\" style=\"\" rel=\"noopener\">Spiritus<\/a><\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/beverlyhillschamber\/20250306128973\/en\" style=\"\" rel=\"noopener\">a press release<\/a>. California VC firms <a target=\"_blank\" href=\"https:\/\/www.khoslaventures.com\/\" style=\"\" rel=\"noopener\">Khosla Ventures<\/a> and <a target=\"_blank\" href=\"https:\/\/www.tdk.com\/en\/about_tdk\/tdk_ventures\/index.html\" style=\"\" rel=\"noopener\">TDK Ventures<\/a>, along with Tokyo\u2019s <a target=\"_blank\" href=\"https:\/\/www.mhi.com\/company\/regions\/amer\" style=\"\" rel=\"noopener\">Mitsubishi Heavy Industries America<\/a> also participated in the round.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the money go?<\/strong> The funds will be used to scale up Spirtius\u2019 direct capture technology by accelerating its three major carbon capture facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Aramco\u2019s first rodeo with Spiritus:<\/strong> Aramco <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/80430c80-2083-4c92-b2bc-fc5f5ec142d3\/aramco-advances-on-lower-carbon-energy-solutions\" style=\"\" rel=\"noopener\">inked an MoU<\/a> in May of last year with Spiritus to explore potential investments in direct air capture to help address challenges related to the implementation of the technology due to its high costs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Aramco Ventures is making significant investments in climate tech:<\/strong> Aramco Ventures <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/80430c80-2083-4c92-b2bc-fc5f5ec142d3\/aramco-advances-on-lower-carbon-energy-solutions\" style=\"\" rel=\"noopener\">participated<\/a> in US-based CarbonCapture\u2019s USD 80 mn Series A funding round in May 2024. Additionally, it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6bbd48a5-1a5b-45d0-ba5d-db9293efcfce\" style=\"\" rel=\"noopener\">invested USD 10 mn<\/a> in Singapore-based renewable energy certificate service provider Redex back in November 2023, and backed new technology from American start-up Rondo Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fea9485b-f44f-4d20-aa5e-94183d6b9e87\" style=\"\" rel=\"noopener\">earlier in August 2023<\/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\"> IN OTHER STARTUP NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hom<\/strong><strong>egrown prop-tech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ajras.com\/\" style=\"\" rel=\"noopener\">Ajras<\/a><\/strong><strong> raised USD 1.5 mn in a pre-Series A round led <\/strong>by Riyadh-based incubator <a target=\"_blank\" href=\"https:\/\/www.vedaholding.com\/\" style=\"\" rel=\"noopener\">Veda Holding<\/a>, according to <a target=\"_blank\" href=\"https:\/\/waya.media\/arabi\/%D8%A3%D8%AC%D8%B1%D8%A7%D8%B3-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AD%D8%B5%D8%AF-%D8%AC%D9%88%D9%84%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%8A%D8%A9-pre-series-a-%D8%A8\/\" style=\"\" rel=\"noopener\">Waya Media<\/a>. No further information was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Ajras:<\/strong> Founded in 2022 by Muath Aljubailan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/muath-aljubailan-5518961b5\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the company operates as an intermediary between property owners and tenants, providing flexible solutions to businesses and individuals, with a focus on monthly rental payments instead of traditional annual or semi-annual leases.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco-ventures\/\">Aramco Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/spiritus\/\">Spiritus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95118\" 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=\"95118\">\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\">A MESSAGE FROM CONDUCTOR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/\">\r\n                            Behind the USD 1 bn headlines: meet the new platform enabling transformation in the Kingdom of Saudi Arabia                        <\/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\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/\" 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\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/')\">\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\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/\">\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=Behind the USD 1 bn headlines: meet the new platform enabling transformation in the Kingdom of Saudi Arabia&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/\">\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\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/&title=Behind the USD 1 bn headlines: meet the new platform enabling transformation in the Kingdom of Saudi Arabia\">\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=Behind+the+USD+1+bn+headlines%3A+meet+the+new+platform+enabling+transformation+in+the+Kingdom+of+Saudi+Arabia+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F10%2Fbehind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia%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\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/318.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95119\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/behind-the-usd-1-bn-headlines-meet-the-new-platform-enabling-transformation-in-the-kingdom-of-saudi-arabia\/318-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/318.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"318.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/318.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/318.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95118\" class=\"content-area-description single-story post-95118 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-conductor tag-a-message-from-conductor tag-conductor tag-enterpriseam-ksa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.debba0fb-d672-46c4-966a-1494e1a04e79.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s no secret: the Kingdom of Saudi Arabia is undergoing a massive transformation. <\/strong>Across industries, organizations are racing to modernize and rethink how they operate in a digital-first world. From smart city developments to national infrastructure projects, the need to orchestrate complex transformations with precision is critical. Yet, transformation at this scale is rarely straightforward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Disconnected systems, inefficient processes, and lack of real-time visibility <\/strong>slow transformation initiatives around the world. Without the right tools, ambitious goals can quickly become overwhelming obstacles. By centralizing operations, automating repetitive processes, and offering AI-driven insights, it\u2019s possible to ensure that transformation efforts are not just ambitious \u2013 they're achievable. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enter Conductor, the enterprise orchestration platform revolutionizing transformation in the Middle East. <\/strong>Unlike most digital solutions, Conductor isn\u2019t just about modernizing \u2013 it's about reinventing how businesses and governments operate, making them more agile, efficient, and future-ready. Conductor guides execution, identifies risks before they escalate, and ensures every stakeholder is aligned. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s public and private sectors are leveraging this technology to manage large-scale initiatives with precision, leveraging its one-of-a-kind hosting capabilities in the region. <\/strong>Conductor helps organizations work more efficiently, stay on top of complex projects, and execute digital strategies smoothly - all supporting the goals of Vision 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to learn more about Conductor?<\/strong> <a target=\"_blank\" href=\"https:\/\/www.getconductor.com\/\" style=\"\" rel=\"noopener\">Click here to get started<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/a-message-from-conductor\/\">A MESSAGE FROM CONDUCTOR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/conductor\/\">Conductor<\/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=\"95120\" 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=\"95120\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/lazurdes-net-income-falls-62-in-2024-jahez-arabian-shield-saco-post-full-year-earnings\/\">\r\n                            Lazurde\u2019s net income falls 62% in 2024 + Jahez, Arabian Shield, Saco post 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 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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"688.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/688.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/688.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95120\" class=\"content-area-description single-story post-95120 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-ksa tag-fourth-milling tag-jahez-international tag-saudi-company-for-hardware-saco tag-sumou-real-estate 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\/.6a170e9e-901f-408c-9987-20ab814798ca.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\">LAZURDE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Jewelry maker <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.lazurde.com\/en-sa\" style=\"\" rel=\"noopener\">Lazurde<\/a><\/strong><strong>\u2019s <\/strong><strong>net income fell 62% y-o-y to SAR 11.7 mn in <\/strong><strong>FY <\/strong><strong>2024<\/strong>, weighed down by lower gross profit and higher expected credit loss, as well as one-off expenses, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85661&anCat=1&cs=4011&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul.<\/a> Meanwhile, revenue rose 13.1% y-o-y to SAR 2.1 bn in the same period, driven by growth in retail sales and store expansions in both the Saudi and Egyptian markets.<\/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 decided to forgo dividends distribution for FY 2024 to support its financial position and maintain its solvency margin for future expansion, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85662&anCat=1&cs=4011&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">JAHEZ INTERNATIONAL-<\/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:\/\/jahezgroup.com\/\" style=\"\" rel=\"noopener\">Jahez Intern<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/jahezgroup.com\/\" style=\"\" rel=\"noopener\">ational<\/a><\/strong><strong>\u2019<\/strong><strong>s net income increased 49.9% y-o-y to an <\/strong><strong>all-time high<\/strong><strong> of SAR <\/strong><strong>188 mn <\/strong><strong>in FY 2024<\/strong>, fueled by targeted promotion strategies, moderate marketing spending, and lower delivery 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=85659&anCat=1&cs=6017&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenue grew 24.3% y-o-y to SAR 2.2 bn, boosted by rising total orders, higher take rate and average order value, and healthier returns from advertising and online payments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ARABIAN SHIELD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"http:\/\/www.der3.com\/\" style=\"\" rel=\"noopener\">Arabian<\/a><\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.der3.com\/\" style=\"\" rel=\"noopener\">Shield Cooperative<\/a><\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.der3.com\/\" style=\"\" rel=\"noopener\">Ins. Company<\/a><\/strong><strong>\u2019s net income increased 6.1% y-o-y to SAR 71 <\/strong><strong>mn in FY 2024<\/strong>, with the company reporting a 14.5x y-o-y growth in returns from its ins. services and higher net investment income, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85649&anCat=1&cs=8070&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, ins. revenues were up 38.9% y-o-y at SAR 1.6 bn in the same period, driven by growth across the board, reads the disclosure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SAUDI COMPANY FOR HARDWARE-<\/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.saco.sa\/en\/\" style=\"\" rel=\"noopener\">Saudi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saco.sa\/en\/\" style=\"\" rel=\"noopener\">Company for Hardware (Saco)<\/a><\/strong><strong> saw its net loss shrink 79.6% y-o-y to <\/strong><strong>SAR 14.1 <\/strong><strong>mn in FY 2024<\/strong>, helped by lower administrative expenses, better commercial terms, and improved operational efficiency, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85650&anCat=1&cs=4008&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenue grew 6.8% y-o-y to SAR 993.6 mn, boosted by product portfolio expansion and growing logistics service revenue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Saco\u2019s board recommended forgoing dividends distribution for FY 2024 to strengthen the company\u2019s financial position and support its turnover plans, 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=85651&anCat=1&cs=4008&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FOURTH MILLING-<\/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.mc4.com.sa\/\" style=\"\" rel=\"noopener\">Fourth<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mc4.com.sa\/\" style=\"\" rel=\"noopener\">Milling<\/a><\/strong><strong>\u2019s net incom<\/strong><strong>e grew 19.7% y-o-y to SAR 170.9 mn in FY 2024<\/strong>, driven by improved efficiency rates, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85654&anCat=1&cs=2286&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue increased 12.7% y-o-y to SAR 629 mn during the same period, buoyed by rising sales of flour, feed, and bran, in addition to an increase in overall sales (16%) on the back of wider geographic presence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The company\u2019s board greenlit the distribution of SAR 59.4 mn in dividends for 2H 2024 at SAR 0.11 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85655&anCat=1&cs=2286&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The eligibility date is March 24, with distribution due in the following 15 working days.<\/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\">SUMOU REAL ESTATE -<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/sumouholding.com\/companies\/sumou\/\" style=\"\" rel=\"noopener\">Sumou Re<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sumouholding.com\/companies\/sumou\/\" style=\"\" rel=\"noopener\">al<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sumouholding.com\/companies\/sumou\/\" style=\"\" rel=\"noopener\">Estate<\/a><\/strong><strong> saw its net income grow 3.5% y-o-y to SAR 106.6 mn in FY 2024<\/strong>, buoyed by revenue growth and higher return on investments, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85647&anCat=1&cs=4323&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue rose 56.9% y-o-y to SAR 429.5 mn in the same period, backed by completion rates of real estate projects, as well as contracting activity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company\u2019s board approved distributing SAR 25 mn in dividends for 2H 2024 at SAR 0.50 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85648&anCat=1&cs=4323&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date is set for 1 May.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/fourth-milling\/\">Fourth Milling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jahez-international\/\">Jahez International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-company-for-hardware-saco\/\">Saudi Company for Hardware (Saco)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sumou-real-estate\/\">Sumou Real Estate<\/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=\"95122\" 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=\"95122\">\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\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/our-film-industry-looks-to-homegrown-hits-for-recovery\/\">\r\n                            Saudi Arabia\u2019s film industry looks to homegrown hits for recovery                        <\/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\/10\/our-film-industry-looks-to-homegrown-hits-for-recovery\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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data-attachment-id=\"95123\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/our-film-industry-looks-to-homegrown-hits-for-recovery\/686-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/686.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"686.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/686.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/686.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95122\" class=\"content-area-description single-story post-95122 post type-post status-publish format-standard has-post-thumbnail hentry category-saudi-in-the-news tag-cinema tag-enterpriseam-ksa tag-entertainment tag-saudi-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.e96c6ec9-44b7-4736-a430-3dc5ad65b58e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi <\/strong><strong>Arabia\u2019s film<\/strong><strong> industry earned a feature from the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/beb49621-c8d9-475a-aeea-2a820a0d5b2f\" style=\"\" rel=\"noopener\">Financial Times<\/a><\/strong><strong>, <\/strong>as the Kingdom is banking on domestic films to boost box office sales, following a 24.5% drop in revenues to USD 200 mn in 2023. <a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt16150082\/\" style=\"\" rel=\"noopener\">Hobal<\/a>, a Bedouin family drama, has earned USD 6 mn and may surpass the local record of USD 10.8 mn, aided by rural outreach by the cast and staggered releases throughout the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The push for local hits: <\/strong>Domestic films accounted for only 10% of 2023 receipts, with Hollywood blockbusters continuing to dominate, despite efforts to cut licensing fees and ticket prices. <a target=\"_blank\" href=\"https:\/\/telfaz11.com\/\" style=\"\" rel=\"noopener\">Telfaz11 Studios<\/a> \u2019 head Wael Abumansour stressed the need for homegrown hits and genre experimentation to build audience trust and attract investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hope is not dead:<\/strong> Industry figures remain hopeful, with upcoming films like Haifaa Al Mansour\u2019s <a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt32298366\/\" style=\"\" rel=\"noopener\">Unidentified<\/a> expected to drive future growth. \u201cThere is a whole generation of filmmakers who grew up in the era of cinematic openness, and a whole generation of audiences who do not remember what it was like to travel to Bahrain or Dubai,\u201d film critic Ahmed Al Ayyad told the salmon-colored paper.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cinema\/\">cinema<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/entertainment\/\">entertainment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-in-the-news\/\">SAUDI IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95124\" 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=\"95124\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/morgan-stanley-gets-the-greenlight-for-market-making-on-tadawul-nomu\/\">\r\n                            Morgan Stanley gets the greenlight for market-making on Tadawul, Nomu                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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href=\"https:\/\/api.whatsapp.com\/send?text=Morgan+Stanley+gets+the+greenlight+for+market-making+on+Tadawul%2C+Nomu+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F10%2Fmorgan-stanley-gets-the-greenlight-for-market-making-on-tadawul-nomu%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/morgan-stanley-gets-the-greenlight-for-market-making-on-tadawul-nomu\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/684.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95125\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/morgan-stanley-gets-the-greenlight-for-market-making-on-tadawul-nomu\/684-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/684.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"684.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/684.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/684.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95124\" class=\"content-area-description single-story post-95124 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-al-kathiri-holding tag-also-on-our-radar tag-enterpriseam-ksa tag-molan-steel tag-national-housing-company-nhc 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\/.11fd85b9-b5af-4dfc-8233-779b74e903bf.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\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Morgan Stanley Saudi Arabia can now conduct market-making activities on eight <\/strong><strong>Tadawul and Nomu-listed companies<\/strong>, after getting the greenlight from the exchange, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/tZLLcoIwFIafpYsuMzmAQFjSG-pglaIobJgIaZuWBNRU-viN2kV1vHQ606zOn_lPzuULzvAMZ5Ku-QtVvJa00jrNnNz2HTC7BIbBODQgStyQJNHYgF4HJzjDWVUXtGI4ZXKjmoKXOHXYHDrmnCEDGEGdwmCIsMJBc7DAK4npeR7ZuAupGvWKU0VL2n5UOZPXsKLoW27jZskLtqKy5LJkOtpeStbuAkGX70ztZKF-SCSEhyxkgmnj6f4cZBA4ED360dB0bQgSwNn5MQ_yIR7ZED2MBlYITxCA87t8OHH8i_VjvdpUv-GeNPm6yJqzFk9kvRQaXbzZ7vR2kEeT-yed-2dIXcD9S_3pf8LfFovM10BrqdinwrP_JprtNzX0PVcz6d8EvdC3iOMeGo5A3zccobo1nMHWCEEsgSaTWduOuyK_C5_jHvevvgDe5di0\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The companies include<\/strong> telecoms firm Solutions, Electrical Industries, Elm, Cooperative Ins. (Tawuniya), National Environmental Recycling (Tadweeer), International Human Resources (IHR), Almuneef for Trade, Industry, Agriculture an Contracting, and Aqaseem Factory for Chemicals and Plastics. <\/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>Hassan Allam lands in Neom port: <\/strong>Egypt\u2019s Hassan Allam Holding\u2019s subsidiary Hassan Allam Roads and Bridges was awarded a roads and paving works contract at the Port of Neom, according to a <a target=\"_blank\" href=\"https:\/\/www.hassanallam.com\/news\/hassan-allam-roads-bridges-has-been-awarded-the-roads-and-paving-works-of-the-port-of-neom\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The work \u2014 which covers a total area of 375k sqm \u2014 will include supplying and applying pavement across multiple zones as well as expanding Neom\u2019s infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the making for a while: <\/strong>Our friends at Hassan Allam Construction Saudi were awarded a contract in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f90b3b1d-41a0-4710-98d7-52469f8435f7\/hassan-allam-construction-saudi-will-develop%253cmark%253e-neom%253c%2Fmark%253e%25e2%2580%2599s-container-terminal\" style=\"\" rel=\"noopener\">July 2024<\/a> to develop Port of Neom\u2019s Container Terminal 1 and a related marine services area. The company will work with <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/el-seif-engineering-contracting\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3B1M17c3HUQjuxC5tzW16uJQ%3D%3D\" style=\"\" rel=\"noopener\">El Seif Engineering Contracting<\/a> and <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/china-harbour-engineering-co.-ltd\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3B1M17c3HUQjuxC5tzW16uJQ%3D%3D\" style=\"\" rel=\"noopener\">China Harbour Engineering<\/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\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/msandh.com\/ar\/\" style=\"\" rel=\"noopener\">Msandh Alemdad<\/a><\/strong><strong> \u2014 a unit of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alkathiriholding.com\/\" style=\"\" rel=\"noopener\">Al Kathiri<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/alkathiriholding.com\/\" style=\"\" rel=\"noopener\">Holding Company<\/a><\/strong><strong> inked a SAR 82.7 mn contract <\/strong><strong>with the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/nhc.sa\/en\/\" style=\"\" rel=\"noopener\">National<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/nhc.sa\/en\/\" style=\"\" rel=\"noopener\">Housing Company (NHC)<\/a><\/strong> to complete electromechanical and finishing works for 295 villas in the third phase of the Melaa Project in Jeddah, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85652&anCat=1&cs=3008&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The contract will span for six months.<\/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>Nomu-li<\/strong><strong>sted <\/strong><strong><a target=\"_blank\" href=\"https:\/\/molansteel.com\/en\/\" style=\"\" rel=\"noopener\">Molan<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/molansteel.com\/en\/\" style=\"\" rel=\"noopener\">Steel<\/a><\/strong><strong> plans to issue sukuk worth SAR 20 mn<\/strong>, with proceeds going toward the financing of future company investments and operational needs, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85668&anCat=1&cs=9553&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company tapped Afaq Financial as the sole arranger for the issuance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-kathiri-holding\/\">Al Kathiri Holding<\/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\/molan-steel\/\">Molan Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-housing-company-nhc\/\">National Housing Company (NHC)<\/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=\"95126\" 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=\"95126\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/all-eyes-are-on-us-inflation-data-this-week-while-china-faces-deflationary-pressures\/\">\r\n                            All eyes are on US inflation data this week, while China faces deflationary pressures                        <\/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\/10\/all-eyes-are-on-us-inflation-data-this-week-while-china-faces-deflationary-pressures\/\" 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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In the US, consumer prices likely rose 3.2% y-o-y in February, reflecting slow but persistent disinflation and keeping the Federal Reserve in a cautious stance, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-08\/us-inflation-set-to-stay-sticky-as-tariff-risk-looms?srnd=phx-economics-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The Bureau of Labor Statistics\u2019 figures will be out this Wednesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the US<\/strong>, core CPI is projected to have climbed 0.3% last month, easing slightly from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36a358b3-f88e-4c7b-9649-bbf818accf78\/rising-us%253cmark%253e-inflation%253c%2Fmark%253e-in-january-reduces-chance-of-fed-rate-cut\" style=\"\" rel=\"noopener\">January\u2019s 0.4% gain<\/a> but still well above the Fed\u2019s 2% target. Producer price data on Thursday and consumer sentiment data on Friday will offer further insight into inflationary pressures. However, with investors awaiting March inflation data for clearer signals on Fed policy, Treasury yields remain elevated amid ongoing uncertainty over rate cuts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The country\u2019s inflation risks could worsen. Trump-era trade measures \u2014 including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2942bc59-f0aa-464d-81e5-9f603ac6c372\" style=\"\" rel=\"noopener\">25% duties on steel and aluminum<\/a> and looming reciprocal tariffs \u2014 threaten to push prices higher, further <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b1e25373-5ea0-4b23-b61f-7d1e77428c47\/trump%25e2%2580%2599s-tariffs-could-delay%253cmark%253e-fed%253c%2Fmark%253e-rate-cuts-as-inflation-risks-rise\" style=\"\" rel=\"noopener\">complicating<\/a> Fed rate-cut bets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In contrast, China\u2019s inflation slump is deepening<\/strong>, with the country\u2019s consumer price index (CPI) <a target=\"_blank\" href=\"https:\/\/www.stats.gov.cn\/sj\/zxfb\/202503\/t20250309_1958915.html\" style=\"\" rel=\"noopener\">falling<\/a> 0.7% last month \u2014 its first negative reading in 13 months. Its core CPI posted its first decline since 2021 and factory prices fell for a 29th straight month. Goldman Sachs estimates that an early Lunar New Year shaved 0.7 percentage points off February\u2019s CPI reading, but sluggish consumer spending remains the bigger concern. The latest reading raises deflation fears as domestic demand weakens, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-09\/china-consumer-inflation-drops-below-zero-for-first-time-in-year?srnd=phx-economics-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports separately. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beijing has set a 2% inflation target for 2025<\/strong>, its lowest in two decades, and is ramping up stimulus efforts to counter prolonged price declines. Economist David Qu warns of an \u201curgent need for policymakers to deliver on pledged stimulus quickly,\u201d adding that without strong fiscal and monetary support, \u201cdeflationary pressures will continue to weigh on the economy.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How the rest of the world is faring:<\/strong><\/p>\n<ul>\n<li>In <strong>Europe<\/strong>, inflation is cooling, but the ECB\u2019s next rate move remains uncertain as industrial output shows signs of recovery;<\/li>\n<li><strong>Middle East<\/strong> inflation is stabilizing, with Egypt\u2019s February reading expected to drop sharply from 24%, setting the stage for rate cuts;<\/li>\n<li>In <strong>Latin America<\/strong>, Brazil\u2019s inflation surged past 5.1%, likely prompting another rate hike, while Argentina\u2019s price growth is slowing after last year\u2019s crisis;<\/li>\n<li>In <strong>Asia<\/strong>, Japan\u2019s wage-driven inflation continues to rise, while India\u2019s cooling consumer prices are fueling speculation of policy easing.<\/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\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are rising this morning<\/strong>, with Japan\u2019s Nikkei up in choppy trade, along with South Korea\u2019s Kospi. On the other hand, mainland China\u2019s CSI 300 fell 0.5%, while Hong Kong\u2019s Hang Seng is down 0.6%. <strong>Wall Street stocks are expected to open lower<\/strong>, with Nasdaq futures leading the downward move after a volatile week that saw all indexes make significant losses. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,837<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,494<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: -1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NomuC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,332<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: -0.5%)<\/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\">31,131<\/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: +4.7%)<\/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 81,173<\/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\">-6.0% (YTD: -13.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>rose 0.2% <strong>yesterday <\/strong>on turnover of SAR 4.0 bn. The index is down 1.7% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Dar Al Arkan (+7.5%), Dallah Health (+6.8%) and Bupa Arabia (+4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Kingdom (-10.0%), Arabian Shield (-7.5%) and Batic (-7.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> rose 0.1% <strong>yesterday <\/strong>on turnover of SAR 50.0 mn. The index is down 0.5% 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> Ratio (+15.2%), Quara (+9.9%) and Balady (+8.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Leaf (-14.0%), AlRazi (-8.7%) and AlJouf Water (-5.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Electr<\/strong><strong>ical Industries Company<\/strong><strong> is distributing SAR 140.6 mn in dividends for 2H 2024 at <\/strong><strong>SAR 0.125 apiece<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85663&anCat=1&cs=1303&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Distribution is scheduled for Sunday, 13 April.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/inflation\/\">Inflation<\/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=\"95128\" 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\/10\/95128\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95128\" class=\"content-area-description single-story post-95128 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;\">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\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>On Opec+ effect in April | February contracting sector overview | Lazurde\u2019s earnings<\/p>\n","protected":false},"featured_media":95105,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-95104","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c3c97b73-34e0-4c9b-9fe9-81b0b36c0b9d","teaser":"On Opec+ effect in April | February contracting sector overview | Lazurde\u2019s earnings","photo_url":"https:\/\/ent.news\/2025\/1\/441.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>Real GDP grows 1.3% y-o-y in 2024 - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/real-gdp-grows-1-3-y-o-y-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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