{"id":95149,"date":"2025-03-11T00:00:00","date_gmt":"2025-03-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=95149"},"modified":"2025-12-14T20:30:12","modified_gmt":"2025-12-14T20:30:12","slug":"derayah-financials-share-price-closes-30-higher-on-tadawul-debut","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/derayah-financials-share-price-closes-30-higher-on-tadawul-debut\/","title":{"rendered":"Derayah Financial\u2019s share price closes 30% higher on Tadawul debut"},"content":{"rendered":"<section id=\"95151\" 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=\"95151\">\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\/11\/al-watania-poultry-draws-local-foreign-bidders-saudi-to-spearhead-data-center-growth-in-the-middle-east\/\">\r\n                            THIS MORNING: Al Watania Poultry draws local, foreign bidders + Saudi to spearhead data center growth in the Middle East?                        <\/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\/11\/al-watania-poultry-draws-local-foreign-bidders-saudi-to-spearhead-data-center-growth-in-the-middle-east\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We have a meaty issue for you today, as Derayah Financial\u2019s strong Tadawul debut saw the share price close 30% higher. Meanwhile, Zahid\u2019s consortium is not giving up on South Africa\u2019s Barloworld.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the news well: <\/strong>The PIF launched Al Waha, Saudi Arabia\u2019s first dutyfree retailer. We also have plenty of data in today\u2019s issue, from Gastat\u2019s Industrial Production Index for January, to the state of labor market, sustainable debt issuances and greenfield FDI projects in 2024. 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 4:47am tomorrow to wrap up sohour.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER<\/strong><strong>- <\/strong>Riyadh and Makkah will have partly cloudy skies today, while Madinah is expected to have a sunny, clear day.<\/p>\n<ul>\n<li>Riyadh: 25\u00b0C daytime \/ 16\u00b0C overnight<\/li>\n<li>Makkah: 33\u00b0C daytime \/ 18\u00b0C overnight<\/li>\n<li>Madinah: 27\u00b0C daytime \/ 15\u00b0C overnight <\/li>\n<\/ul>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Businesse<\/strong><strong>s subject to excise tax must file their January and February tax returns by <\/strong><strong>Saturday, 15 March<\/strong> through the Zakat, Tax, and Customs Authority (Zatca) website, according to a <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1357.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. Missing the deadline will result in penalties of 5% of the unpaid tax for every 30 days of delay. Excise tax is imposed on products associated with health risks, including soft and energy drinks, and tobacco products.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> <\/strong><strong>Al Watania<\/strong><strong> Poultry draws local, foreign bidders for acquisition:<\/strong> Almarai, Tanmiah Food, Brazil\u2019s food giant JBS, and Ukraine\u2019s MHP submitted separate non-binding offers to acquire Al Watania, the Middle East\u2019s largest poultry producer, in a transaction valued at up to SAR 2 bn (USD 532 mn), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-10\/jbs-almarai-said-among-bidders-for-biggest-mideast-poultry-firm\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it said are familiar with the matter. BSF Capital is advising on the potential sale, though talks are ongoing and may not result in a transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The Kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/197aa9cd-1427-4905-bb94-3a43f8ea258b\/saudi-is-ramping-up-its-chicken-production\" style=\"\" rel=\"noopener\">nearly doubled<\/a> its poultry production over the past decade, as part of a push for food self-sufficiency and to address an 80% reliance on food imports that leaves the Kingdom vulnerable to shocks. The Kingdom has earmarked USD 4.5 bn to increase local poultry output, achieving a 72% self-sufficiency rate with over 1 mn tons of poultry meat produced annually. Local chicken production is growing at 6% a year \u2014 one of the fastest rates in the world.<\/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> We are<\/strong><strong> set t<\/strong><strong>o become the Mideast\u2019s data center powerhouse by 2027:<\/strong> The Kingdom is expected to spearhead the Middle East\u2019s data center growth over the next three years, with a compound annual growth rate of 37% through 2027, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-10\/riyadh-s-ai-push-to-lead-mideast-data-center-growth-jll-says\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing analysis from real estate services firm Jones Lang LaSalle (JLL). This rate is almost twice that of Dubai and Abu Dhabi, and well above the global average of 15%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fueling the expansion: <\/strong>The Kingdom\u2019s drive to become an AI hub is fueled by government policies, tax incentives, and economic free zones. The push has attracted major firms like Microsoft, Amazon Web Services, and Equinix to invest in data center capacity, alongside a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3243ca23-ac50-48af-b853-8f35f345cd56\/\" style=\"\" rel=\"noopener\">USD 1.5 bn Groq-Aramco partnership<\/a> for the world\u2019s largest AI inference node. Saudi Arabia is also planning a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/83c3ba99-8359-4914-a4e5-e68a74d558d5\/no-liv-pga-merger-just-yet\" style=\"\" rel=\"noopener\">USD 100 bn AI project<\/a> to turn the Kingdom into a technological hub to rival the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pushing forward despite global hurdles: <\/strong>Saudi has \u201cthe ambition and the capital\u201d necessary to become the region\u2019s data center leader, despite challenges including <a target=\"_blank\" href=\"http:\/\/e94781b0-45da-48a8-afe3-89c2b6a7897a\" style=\"\" rel=\"noopener\">US restrictions<\/a> on advanced AI chip exports present challenges, rising energy costs and lengthy construction timelines, Stephen Macdonald, managing partner at Proptech, told Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>Edrevel to pour USD 100 mn into Saudi AI education:<\/strong> US-based AI-powered education solutions company <a target=\"_blank\" href=\"https:\/\/edrevel.com\" style=\"\" rel=\"noopener\">Edrevel<\/a> plans to invest USD 100 mn in Saudi Arabia over the next five years to support AI-based education and workforce training, <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/5120313-%D8%A5%D8%AF%D8%B1%D9%8A%D9%81%D9%8A%D9%84-%D8%AA%D8%AE%D8%B5%D8%B5-100-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D9%85%D8%AF%D9%89-5-%D8%A3%D8%B9%D9%88%D8%A7%D9%85\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reported. The company signed an agreement with <a target=\"_blank\" href=\"http:\/\/aosha.sa\/en\/main\/\" style=\"\" rel=\"noopener\">Aosha Training and Consulting Company<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.saea.sa\" style=\"\" rel=\"noopener\">Saudi Entertainment Academy<\/a>, and King Faisal University to develop training programs and improve high school testing methods.<\/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- The number of exported containers at our ports increased 18.3% y-o-y in February to <\/strong><strong>215.5k<\/strong>, while imported containers fell 5% y-o-y to 215.7k, according to the <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=90325&language=ar\" style=\"\" rel=\"noopener\">Saudi Port Authority (Mawani)<\/a>. Meanwhile, cargo handling volumes fell 3.66% y-o-y to 22.5 mn tons. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The Ge<\/strong><strong>nera<\/strong><strong>l Authority for Roads launched 55 projects valued at SAR 4 bn in 2024<\/strong>, a spokesperson told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/03\/10\/article_2758279.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a>. Road investments have exceeded SAR 36 bn since 2016, spanning 13.2 km.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ittihad continues to lead the Saudi Pro League with a four-point advantage over Al <\/strong><strong>Hilal<\/strong>, while Cristiano Ronaldo maintains his position at the top of the scoring charts despite Al Nassr sitting fourth in the table.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to tune into: <\/strong>League leaders Al Ittihad are set to face Al Riyadh at 10pm on Thursday, while Al Fateh takes on Al Raed at the same time. The action continues with Al Shabab hosting Al Orobah to complete Thursday's fixtures.<\/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>A single story is dominating the headlines this morning: <\/strong>US President Donald Trump\u2019s tariffs sent US markets plunging, the S&P 500 fell 2.7% yesterday, tech stocks saw their biggest day of losses since 2022 \u2014 thanks to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/10\/tesla-shares-plunge-14percent-head-for-worst-day-in-five-years.html\" style=\"\" rel=\"noopener\">Tesla shares falling 15%<\/a>, seeing their worst performance in five years \u2014 with the Nasdaq dipping 3.8%, and the Dow Jones dropped 2.1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis big sell-off feels ugly, it feels nasty<\/strong>,\u201d Citigroup\u2019s Drew Pettit said. \u201cWe were coming off very high sentiment and very high growth expectations. All of this is just recalibrating to the new risks that are in front of us,\u201d he said. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-10\/markets-rocked-by-trump-shows-economic-fear-across-wall-street?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/09\/stock-market-news-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7f836a84-4fa5-4cd9-bcca-4e98d5a2e2a4\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/investors-flee-equities-trump-driven-uncertainty-sparks-economic-worry-2025-03-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/live\/trump-presidency-updates-3-10-2025\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/10\/investing\/us-stocks-drop-after-trump-says-he-wont-rule-out-a-recession\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c4gdwgjkk1no\" style=\"\" rel=\"noopener\">BBC<\/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\"> CIRCLE YOUR CALENDAR-<\/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.formula1.com\/en\/racing\/2025\/saudi-arabia\" style=\"\" rel=\"noopener\">202<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.formula1.com\/en\/racing\/2025\/saudi-arabia\" style=\"\" rel=\"noopener\">5 Saudi Arabian Grand Prix<\/a><\/strong><strong> weekend is scheduled to kick off on Friday, 18 April <\/strong><strong>at the Jeddah Corniche Circuit<\/strong> and wrap up the following Sunday. You can grab your tickets <a target=\"_blank\" href=\"https:\/\/tickets.formula1.com\/en\/f1-54298-saudi-arabia\" style=\"\" rel=\"noopener\">here<\/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\/al-watania-poultry\/\">Al Watania Poultry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cargo\/\">Cargo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/roads\/\">Roads<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/derayah-financials-share-price-closes-30-higher-on-main-market-debut\/\">\r\n                            Derayah Financial\u2019s share price closes 30% higher on main market debut                        <\/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\/11\/derayah-financials-share-price-closes-30-higher-on-main-market-debut\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/812.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95155\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/derayah-financials-share-price-closes-30-higher-on-main-market-debut\/812-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/812.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"812.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/812.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/812.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95154\" class=\"content-area-description single-story post-95154 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-derayah-financial tag-enterpriseam-ksa tag-ipo tag-ipo-watch tag-tadawul 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\/.e1af2783-f515-4d42-89f2-a3642fcab097.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Derayah Financial\u2019s share price rose the maximum 30% on the first day of trading on <\/strong><strong>Tadawul\u2019s main market yesterday, closing at SAR 39.0 apiece,<\/strong> according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/reports-publications\/historical-reports\/!ut\/p\/z1\/lZDdDsFAEIWfxRPMael2XS6hmihqW3RvpNhIgxI2Ep5euaL-524m35mZc0jRhFSeHrNlarJtnq6LPlFs6ggGu8PRRydqgkF6LI64ZbdqNH4EeOAxhD0R9m3XgTcCqb_0kAMHYXsQVLsYwgP7TY83Jb7eTwq9-xawGElSpA56redGL4J0v9KGkkD4vft5KzeZOVFSA7--pEpXw5gXpmS74XDYkCgDL1IrbXiO5QZ88L3bxPHkHOlZ3c98UalcAFus8OI!\/dz\/d5\/L0lDUmlTUSEhL3dHa0FKRnNBLzROV3FpQSEhL2Vu\/\" style=\"\" rel=\"noopener\">market data<\/a>. Tadawul\u2019s circuit breaker rules allow shares to trade within a \u00b130% band on the first three days of trading. Starting from the fourth day of trading, that band is capped at no more than 10% up or down before circuit breakers kick in.<\/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 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\">a 20% stake<\/a> 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 order book was 162x oversubscribed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm plans to keep dividend payouts rolling post-IPO: <\/strong>\u201cOver the past three years, we have distributed 60% of net profits as cash dividends to shareholders on a quarterly basis. Currently, we see no fundamental reason to change that approach,\" said CEO Mohammed Al-Shammasi told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/73300\/%D8%AF%D8%B1%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A7%D9%84%D8%AD%D9%81%D8%A7%D8%B8-%D8%B9%D9%84%D9%89-%D8%AA%D9%88%D8%B2%D9%8A%D8%B9%D8%A7%D8%AA-%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D8%B3%D8%AE%D9%8A%D8%A9-%D9%84%D9%84%D9%85%D8%B3%D8%A7%D9%87%D9%85%D9%8A%D9%86\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Derayah\u2019s<\/strong><strong> IPO also minted a new <\/strong><strong>bn\u2019aire<\/strong><strong>:<\/strong> Chairman Taha Al Kuwaiz\u2019s 20% stake in the e-brokerage firm is now worth SAR 1.45 bn following the IPO \u2014 which valued Derayah at nearly SAR 7.5 bn at listing, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/68995\/%D8%B7%D8%B1%D8%AD-%D8%AF%D8%B1%D8%A7%D9%8A%D8%A9-%D8%A8%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%8A%D8%AF%D9%81%D8%B9-%D8%B7%D9%87-%D8%A7%D9%84%D9%82%D9%88%D9%8A%D8%B2-%D9%84%D9%86%D8%A7%D8%AF%D9%8A-%D8%A7%D9%84%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%AF%D9%8A%D8%B1%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE IPO PIPELINE AHEAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key Tadawul listings to watch out for in 2025:<\/strong><\/p>\n<ul>\n<li>The PIF\u2019s Saudi Global Ports has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d0a3467a-abf0-4f2c-8d69-2b65e3040ff1\/pif%25e2%2580%2599s%253cmark%253e-saudi-global-ports%253c%2Fmark%253e-taps-banks-for-potential-ipo\" style=\"\" rel=\"noopener\">tapped banks<\/a> including Goldman Sachs and HSBC to arrange an upcoming IPO;<\/li>\n<li>PIF-backed Tabreed District Cooling has also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8a3c56cc-ebf9-417c-8382-0816af5b9a75\/real-madrid-vs-barcelona-at-king-abdullah-sports-city-today\" style=\"\" rel=\"noopener\">reportedly hired<\/a> Citigroup and SNB Capital to manage a potential IPO on Tadawul;<\/li>\n<li>Medical procurement firm Nupco \u2014 a unit of the PIF \u2014 has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1c55c7a4-ce77-4a0c-a7bd-1ad23a8256e0\" style=\"\" rel=\"noopener\">reportedly tapped<\/a> Rothschild & Co as financial advisor for its potential Tadawul IPO;<\/li>\n<li>Budget airline Flynas is reportedly looking <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e299d7ad-c3f0-4533-bc3f-4dfb58ab2eb4\/\" style=\"\" rel=\"noopener\">to go public<\/a> this year;<\/li>\n<li>BNPL platform Tabby <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed6318f9-e257-4f72-9b1d-0b90f1d71e0e\/%253cmark%253etabby%253c%2Fmark%253e-targets-2025-2026-window-for-saudi-ipo\" style=\"\" rel=\"noopener\">plans to IPO<\/a> during the 2025-2026 window;<\/li>\n<li>Local tech services firm Ejada Systems has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/72f5fb07-48d4-4728-aa16-5b4493066846\/nice-one%25e2%2580%2599s-two-day-retail-subscription-window-opens-today\" style=\"\" rel=\"noopener\">secured approval<\/a> from the Capital Markets Authority (CMA) last month to take a 45% stake to market.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming out:<\/strong> A total of 38 companies and 22 funds are planning to list across various exchanges in the region this year, signaling continued investor confidence in MENA markets. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/09da7909-cae0-4c22-b62c-b181deba9dc6\/talabat-%2B-oman%25e2%2580%2599s-oqep-generated-more-than-half-of-the-proceeds-of-the-region%25e2%2580%2599s-ipo-activity-in-4q--ey\" style=\"\" rel=\"noopener\">Saudi Arabia is set to lead the charge with 26 upcoming public offerings<\/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\/derayah-financial\/\">Derayah Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95156\" 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=\"95156\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/industrial-production-rises-1-3-y-o-y-in-january\/\">\r\n                            Saudi industrial production rises 1.3% y-o-y in January                        <\/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\/11\/industrial-production-rises-1-3-y-o-y-in-january\/\" 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      <a href=\"https:\/\/api.whatsapp.com\/send?text=Industrial+production+rises+1.3%25+y-o-y+in+January+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F11%2Findustrial-production-rises-1-3-y-o-y-in-january%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\/11\/industrial-production-rises-1-3-y-o-y-in-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/809.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95157\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/industrial-production-rises-1-3-y-o-y-in-january\/809-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/809.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"809.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/809.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/809.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95156\" class=\"content-area-description single-story post-95156 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-enterpriseam-ksa tag-industrial-production-index-ipi tag-manufacturing tag-non-oil tag-oil-and-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\/.e1af2783-f515-4d42-89f2-a3642fcab097.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The industrial production index (IPI) grew 1.3% y-o-y in January<\/strong>, marking the fourth consecutive month of overall growth, driven by manufacturing, water supply, sewerage, waste management, and remediation activities, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/803.pdf\" style=\"\" rel=\"noopener\">preliminary monthly report (pdf)<\/a> from the General Authority for Statistics (Gastat). On a monthly basis, the index remained unchanged.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The manufacturing sub-index rose 4.0% y-o-y<\/strong>, on the back of a 4.3% increase in the manufacturing of pet coke and refined petroleum products and a 4.2% rise in chemicals and chemical products. Manufacturing made up 35% of the overall IPI, making it the second-heaviest component after oil and minerals. The sub-index grew 0.3% m-o-m.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mining and quarrying activity was down 0.4% y-o-y<\/strong> as oil production dipped to 8.92 mn bbl \/ d, down from 8.96 mn bbl \/ d in January 2024. The mining and quarrying sector activity made up 61.4% of the overall IPI. The sub-index inched up 0.1% m-o-m.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The index for non-oil activities rose 3.6% y-o-y in January<\/strong>, while the index for oil inched up 0.4% y-o-y. On a monthly basis. Oil activities inched up 0.1%, while non-oil activities dipped 0.2% m-o-m.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Non-oil sector growth in the Kingdom recorded its best performance since September 2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/491fb4f2-1f47-4368-b6bc-26f70fae0091\/%253cmark%253enon-oil%253c%2Fmark%253e-private-sector-at-highest-performance-since-2014-in-january\" style=\"\" rel=\"noopener\">in January<\/a>, with the country seeing the fastest increase in total new orders since June 2011. The seasonally adjusted headline PMI figure rose to 60.5, up from 58.4 in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/93ee293a-2b1a-43ba-adc6-9bdaa514216c\/saudi%25e2%2580%2599s%253cmark%253e-pmi%253c%2Fmark%253e-dips-in-december-for-the-first-time-since-august\" style=\"\" rel=\"noopener\">December<\/a> \u2014 which was its first slowdown since August despite a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/93ee293a-2b1a-43ba-adc6-9bdaa514216c\/saudi%25e2%2580%2599s-pmi-dips-in-december-for-the-first-time-since-august\" style=\"\" rel=\"noopener\">record increase<\/a> in sales and new orders back then \u2014 staying well above the 50.0 growth threshold.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Utilities had contrasting figures:<\/strong> The sub-index for electricity, gas, steam, and air conditioning supply activity dropped 1.7% y-o-y in January (down 9.4% m-o-m), while water supply, sewage, and waste management and remediation activities were up 12.8% (up 8.7% m-o-m).<\/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\/industrial-production-index-ipi\/\">Industrial Production Index (IPI)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/manufacturing\/\">manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/non-oil\/\">non-oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/oil-and-gas\/\">oil and 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=\"95158 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=\"95158\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/95158\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95158\" class=\"content-area-description single-story post-95158 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=\"95159\" 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=\"95159\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/zahid-group-pursues-new-takeover-talks-with-south-africas-barloworld\/\">\r\n                            Zahid Group pursues new takeover talks with South Africa\u2019s Barloworld                        <\/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\/11\/zahid-group-pursues-new-takeover-talks-with-south-africas-barloworld\/\" target=\"_blank\">\n                  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        <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Zahid+Group+pursues+new+takeover+talks+with+South+Africa%E2%80%99s+Barloworld+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F11%2Fzahid-group-pursues-new-takeover-talks-with-south-africas-barloworld%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\/11\/zahid-group-pursues-new-takeover-talks-with-south-africas-barloworld\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/814.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95160\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/zahid-group-pursues-new-takeover-talks-with-south-africas-barloworld\/814-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/814.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"814.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/814.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/814.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95159\" class=\"content-area-description single-story post-95159 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-barloworld tag-enterpriseam-ksa tag-ma-watch tag-zahid-group 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\/.e1af2783-f515-4d42-89f2-a3642fcab097.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> A consortium led by Zahid Group is set to enter a new round of negotiations to acquire a<\/strong> <strong>controlling stake in South African construction equipment outfit Barloworld <\/strong>as part of a standby offer, after Barloworld shareholders <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/04b4c35c-6ebd-4204-8976-e2e24d64414a\/\" style=\"\" rel=\"noopener\">rejected its initial offer<\/a> for a full takeover over the pricing, Zahid Group Director of Investments Augostino Sfeir told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-10\/saudi-s-zahid-to-reopen-talks-with-barloworld-s-shareholders\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The initial offer failed to meet the 75% approval threshold among Barloworld shareholders, triggering a standby offer by the Zahid consortium at the same price.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is this a creeping takeover in the making?<\/strong> The consortium is currently looking to acquire \u201cas many shares as possible so that its stake exceeds 50%\u201d in Barloworld, the business information service notes. This strategy suggests that the consortium could be angling for what\u2019s called a \u201ccreeping takeover,\u201d where the bidder starts accumulating shares over time until it has a majority stake that would then allow it to exert more pressure over minority shareholders to sell their shares. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWe are moving forward with the transaction even if we do not take the company private, we think a majority shareholding will allow us to implement more efficient processes in the business,\u201d said Sfeir. \u201cThe standby offer has now opened, and we would like to conclude it within 30 trading days.\u201d Zahid expects to acquire an additional 32% stake from shareholders in line with a vote at a previous extraordinary general meeting, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No change in price, but lower premium: <\/strong>The offer price will remain at ZAR 120 a share, valuing the company at USD 1.25 bn, said Sfeir. While this was a 30% premium to the share price at the time of the initial offer in December, it\u2019s currently only a 14% premium given the share price rose 7% up to ZAR 105 apiece on yesterday\u2019s close.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sweetening the pot for Barloworld\u2019s biggest shareholders: <\/strong>Discussions with shareholder <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/quote\/184023Z:SJ\" style=\"\" rel=\"noopener\">Public Investment Corp.<\/a> \u2014 which had previously rejected the offer \u2014 will also include options to further invest in Black-ownership requirements, said Sfeir.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shareholder Silchester International Investors could be left out of the new negotiations: <\/strong>Zahid will not give in to any of the points raised by Silchester in the first rejection which included raising the price to ZAR 130 apiece, and excluding the CEO from the negotiations, citing a conflict of interest. \u201cThe CEO forms part of our localization efforts, which is aligned with Caterpillar\u2019s strategy, and he has a track-record of performance,\u201d he said. \u201cAs long-term shareholders ourselves, we wanted the CEO to be able to continue to take care of operations and manage the business during a critical time like this,\u201d said Sfeir.<\/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\/barloworld\/\">Barloworld<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zahid-group\/\">Zahid Group<\/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=\"95161\" 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=\"95161\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/labor-market-hits-record-12-mn-participants-in-3q-2024\/\">\r\n                            Saudi Arabia\u2019s labor market hits record 12 mn participants in 3Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/labor-market-hits-record-12-mn-participants-in-3q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Saudi nationals\u2019 participation rate rose 0.7 percentage points q-o-q to 51.5%, with women accounting for 36.2%, up 0.8 percentage points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re ahead of schedule: <\/strong>Having surpassed its Vision 2030 target of 30% female workforce participation in 2Q 2020, the Kingdom set a new target of 40% by 2030. Additionally, a new unemployment target of 5% for nationals by 2030 was set, as the 7% goal is expected to be reached this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The overall unemployment rate for locals and expats declined 0.5 percentage points y-o-y to 3.7% in 3Q 2024, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c7aa9e48-ca32-4bf9-8e84-f18fbacc0c4e\/overall%253cmark%253e-unemployment%253c%2Fmark%253e-declined-to-3.7%2525-in-3q\" style=\"\" rel=\"noopener\">Gastat\u2019s labor market report<\/a>. Local unemployment fell 1 percentage point y-o-y to 7.8%, while expat unemployment was down 0.1 percentage points, reaching 1.4%. Female unemployment fell 3 percentage points y-o-y to 13.6% during the quarter, while unemployment for men remained unchanged from last year at 4.7%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The private sector localization push:<\/strong> In 3Q 2024, the private sector saw a 1.8% q-o-q increase in Saudi workers to reach 2.36 mn out of 11.4 mn total private sector employees. This growth is expected to accelerate due to the Human Resources and Social Development Ministry\u2019s localization efforts in 269 professions. The education sector has been a key driver, contributing to 40% of new Saudi women hires and 27% of all new Saudi hires in 3Q 2024, following the implementation of the 50% Saudization requirement for private schools.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expat participation is on the up: <\/strong>Saudi Arabia\u2019s population grew 4.7% y-o-y to 35.3 mn in 2024, with expats \u2014 who make up 44% of the population \u2014 contributing to 76% of this increase. The number of Saudis rose 2% y-o-y to 19.6 mn. In the labor market, the number of expat participants increased by 24k q-o-q to a record 9.2 mn (76% of total participants), mainly due to the construction sector, which brought in 28% of new hires. Although expat wages remain 0.4x that of Saudis, the wage gap has been narrowing in recent years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How much are people making? <\/strong>Real wages averaged SAR 5.9k (down 12.2% y-o-y), with Saudi nationals earning SAR 9.9k (up 2.6%), Saudi women earning SAR 7.8k (down 5.1%), and non-Saudis earning SAR 4.1k (down 6.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spotlight on Riyadh:<\/strong> Riyadh\u2019s labor market participation rose 0.3% q-o-q to 5.68 mn in 3Q 2024. Saudi citizens comprised 23% of the capital city\u2019s labor market, reaching 1.3 mn. The unemployment rate in Riyadh saw a marginal drop of 0.1 percentage points q-o-q to 5% \u2014 the lowest rate in the Kingdom.<\/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\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudization\/\">Saudization<\/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=\"95163\" 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=\"95163\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/saudi-arabia-issued-usd-5-6-bn-in-sustainable-bond-issuances-in-2024-ranking-second-in-mena\/\">\r\n                            Saudi Arabia issued USD 5.6 bn in sustainable bond issuances in 2024, ranking second in MENA                        <\/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\/11\/saudi-arabia-issued-usd-5-6-bn-in-sustainable-bond-issuances-in-2024-ranking-second-in-mena\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The two countries accounted for more than half of last year\u2019s issuances, which totaled USD 22.6 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Renewable energy projects, especially solar, will dominate demand<\/strong> as GCC countries continue to prioritize energy efficiency and diversification from oil. Projects like sustainable water management, clean transport, and pollution control have also been popular in both Saudi Arabia and the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New types of bonds will also increase in popularity: <\/strong>Blue and transition bonds issuances are predicted to increase due to exposure to water scarcity and hydrocarbons. Sustainable sukuk will also continue to grow, S&P Global expects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Last month, The Finance Ministry tapped HSBC, JPMorgan, and Societe Generale as global coordinators for its EUR-denominated <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0e2a3537-54d7-4b0b-bac6-4cf66ae58d25\/finmin-reportedly-taps-banks-for-eur-denominated-sukuk-issuance-%2B-witkoff-to-land-in-the-region-tomorrow\" style=\"\" rel=\"noopener\">first green bond issuance<\/a>. The offerings may include a seven-year green sukuk and a 12-year conventional sukuk. Additional details on yields and offering size were not disclosed. Proceeds will go toward financing the Kingdom\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2f55b237-0708-4ab8-882a-d8007b37541a\/government-unveils%253cmark%253e-green-financing%253c%2Fmark%253e-framework-to-boost-sustainability\" style=\"\" rel=\"noopener\">green financing framework<\/a>, unveiled in March last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The government is looking to tap green bond sales for the first time, unveiling a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2f55b237-0708-4ab8-882a-d8007b37541a\/government-unveils%253cmark%253e-green%253c%2Fmark%253e-financing-framework-to-boost-sustainability\" style=\"\" rel=\"noopener\">green financing framework<\/a> that identifies eight types of green projects to be funded through the sale of the bonds. The Kingdom\u2019s first push into green bonds comes as part of efforts to boost its clean energy transition away from fossil fuels, which remains the cornerstone of the economy.<\/p>\n<p class=\"tag-border-left\">SAUDI ARABIA\u2019S 2024 ISSUANCES AT A GLANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom\u2019s sustainable bond issuances in 2024 hit USD 5.6 bn<\/strong>, coming in second place in MENA despite a 27% y-o-y decline in issuance value. Financial institutions and adaptation-focused projects played a bigger role in local issuances compared to other countries in the region, the report noted. Sustainable sukuk accounted for the bulk of Saudi Arabia\u2019s 2024 sustainable bond issuance, coming in at 78% of the total, with the remaining 12% coming from other sustainable bonds, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who were the top issuers last year?<\/strong> Al Rajhi Bank issued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/46409bff-4803-4cda-a0c3-89b54df2295c\/%253cmark%253eal%253c%2Fmark%253e%253cmark%253e-rajhi%253c%2Fmark%253e-raises-usd-1-bn-from-5-year-sustainable-sukuk-sale\" style=\"\" rel=\"noopener\">two USD 1 bn<\/a> sustainability <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b7b7806d-d47b-460c-a8f8-8796bae0e268\/%253cmark%253eal%253c%2Fmark%253e%253cmark%253e-rajhi%253c%2Fmark%253e%253cmark%253e-bank%253c%2Fmark%253e-hires-advisors-for-five-year-sustainable-sukuk\" style=\"\" rel=\"noopener\">sukuks<\/a>, while other major issuers included Saudi National Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a06d84c5-e60f-49e1-8b03-49eb95a63961\/%253cmark%253e%253c%2Fmark%253esnb%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekicks%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eoff%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esale%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edenominated%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esustainable%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esukuk%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">(USD 850 mn)<\/a>, Arab Petroleum Investments Corp. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/apicorp-sells-750-million-debut-green-bonds-2021-09-29\/\" style=\"\" rel=\"noopener\">(USD 750 mn)<\/a>, Riyad Bank <a target=\"_blank\" href=\"https:\/\/www.riyadbank.com\/personal-banking\/media-center\/-\/asset_publisher\/qlhe\/content\/riyad-bank-successfully-closes-landmark-750-million-additional-tier-1-sustainability-sukuk\" style=\"\" rel=\"noopener\">(USD 750 mn),<\/a> Saudi Investment Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3a96ac8c-9c8c-4ddc-83e2-479ba8e40e5a\/a-flurry-of-debt-news-from-snb-%2B-saib-%2B-sab\" style=\"\" rel=\"noopener\">(USD 750 mn)<\/a>, and the Public Investment Fund (PIF)\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/179cced3-7b05-4af5-9d85-74e3209ee84e\/pif-launches-a-tap-sale-of-10-year-maiden-green-bond\" style=\"\" rel=\"noopener\">USD 500 mn green bond<\/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\">THE REGIONAL PICTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite dominating the regional market, UAE issuances declined amid post-COP <\/strong><strong>normalization, S&P says:<\/strong> The UAE\u2019s sustainable bond issuances declined by 28% y-o-y to reach USD 7.4 bn in 2024, as peak demand after COP28 in Dubai eased, along with a higher interest rate environment. Green bonds were the most popular, with around 60% of issuances focused on energy. Other prevalent sectors included logistics, real estate, and tourism and hospitality. Meanwhile, sustainable sukuk represented 30% of the UAE\u2019s total sustainable issuances last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financial institutions dominated issuances in the UAE<\/strong>, led by Dubai Islamic Bank\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3ac8b25d-11b8-4a3a-8ebb-23854026ebc9\/binghatti-launches-debut-sukuk-%2B%253cmark%253e-dib%253c%2Fmark%253e-kicks-off-five-year-sustainable-sukuk-issuance\" style=\"\" rel=\"noopener\">USD 1<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3ac8b25d-11b8-4a3a-8ebb-23854026ebc9\/binghatti-launches-debut-sukuk-%2B%253cmark%253e-dib%253c%2Fmark%253e-kicks-off-five-year-sustainable-sukuk-issuance\" style=\"\" rel=\"noopener\">bn<\/a> sustainable sukuk, followed by Taqa\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7c940d4c-0f16-4056-aeb8-14ece610573a\/%253cmark%253etaqa%253c%2Fmark%253e-raises-usd-1.75-bn-from-dual-bond-sale\" style=\"\" rel=\"noopener\">USD 850 mn<\/a> green bond issuance, and First Abu Dhabi Bank\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bbb91cdb-6294-49ec-841d-4434c8e0e26e\/fab-raises-usd-800-mn-in-formosa-bond-sale\" style=\"\" rel=\"noopener\">USD 800 mn<\/a> bonds. The Emirate of Sharjah issued the largest sustainable sovereign bonds in the UAE at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e9e05015-e190-4d71-a2ac-50c9f2c0f60d\/barakah-starts-up-fourth-reactor-%2B%253cmark%253e-sharjah%253c%2Fmark%253e-closes-usd-750-mn-sustainable-bond-issuance\" style=\"\" rel=\"noopener\">USD 750 mn<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/53a253fc-7934-4bc1-b779-2c81a67136b6\/sharjah-gov%25e2%2580%2599t-issues-eur-500-mn-sustainability-bonds\" style=\"\" rel=\"noopener\">USD 545 mn<\/a>. The region\u2019s only social bond was issued by the National Bank of Ras Al Khaimah, amounting to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0cd7ef9-7627-4210-960d-e5b8108a3fa6\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\" style=\"\" rel=\"noopener\">USD 600 mn<\/a>. Beyond sovereign and banking issuances, the biggest sustainable issuances were Masdar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0cd7ef9-7627-4210-960d-e5b8108a3fa6\/%253cmark%253emasdar%253c%2Fmark%253e-raises-usd-1-bn-in-second-green-bond-issuance\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> green bonds and Aldar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fdd118ff-c279-4c44-97dc-87c7c57a6c9a\/aldar-properties-launches-usd-500-mn-green%253cmark%253e-sukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 500 mn<\/a> green sukuk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Qatar had the region\u2019s largest issuance <\/strong>with a USD 1.5 bn sovereign green bond issuance. The second-largest issuances were Dubai Islamic Bank\u2019s USD 1 bn sustainability sukuk, Al Rajhi Bank\u2019s two USD 1 bn sustainability sukuks, and Qatar\u2019s second sovereign green bond worth USD 1 bn. Saudi National Bank\u2019s USD 850 mn sustainability sukuk and Abu Dhabi National Energy Company\u2019s USD 850 mn green bond ranked third.<\/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\">OTHER REGIONAL TRENDS WORTH NOTING- <\/p>\n<ul>\n<li><strong>Sustainable bonds represented 25% of total issuances<\/strong> done by regional corporate and financial institutions, compared with a 9% global average;<\/li>\n<li><strong>Financial institutions achieved a new sustainable issuance record of USD 12.6 bn in 2024<\/strong>, while <strong>sovereign sustainable issuances declined by 56% y-o-y to USD 1.7 bn<\/strong>;<\/li>\n<li><strong>The share of sustainable sukuk amounted to more than 35% of regional sustainable bond issuance in 2024<\/strong>, compared to 26% in 2023.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95165\" 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=\"95165\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/saudi-attracted-usd-22-bn-in-greenfield-fdi-projects-during-2024\/\">\r\n                            Saudi Arabia attracted USD 22 bn in greenfield FDI projects during 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/saudi-attracted-usd-22-bn-in-greenfield-fdi-projects-during-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The communications sector led in project value, followed by renewables, metals, and electronic components.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top investors: <\/strong>Most of FDI during the year came from China, the UK, US, and UAE. China\u2019s total contribution fell sharply to USD 5.8 bn from USD 17 bn, normalizing after a sharp tick in 2023 that saw several large-scale projects announced. China still accounted for the second and fourth largest investments during 2024, with Zhuoyue New Energy investing USD 3.5 bn in biofuels production, and JinkoSolar allocating USD 1 bn for a solar cell and module plant, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The single largest investment<\/strong> came from the Seattle-based Amazon Web Services\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/422651fb-d176-4872-8d79-8205368005cd\/a-snapshot-of-saudi%25e2%2580%2599s-data-center-industry-as-we-angle-for-regional-leadership#:~:text=Amazon%20Web%20Services%20recently%20unveiled%20a%20plan%20to%20invest%20more%20than%20USD%205.3%20bn%20in%20cloud\" style=\"\" rel=\"noopener\">USD 5.3<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/422651fb-d176-4872-8d79-8205368005cd\/a-snapshot-of-saudi%25e2%2580%2599s-data-center-industry-as-we-angle-for-regional-leadership#:~:text=Amazon%20Web%20Services%20recently%20unveiled%20a%20plan%20to%20invest%20more%20than%20USD%205.3%20bn%20in%20cloud\" style=\"\" rel=\"noopener\">bn<\/a> investment into cloud infrastructure. Meanwhile, the UK\u2019s Vedanta <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/441d4814-3599-4b87-bebf-bf38bb2d139e\/nine-new-mining-sector-agreements-worth-usd-9.2-bn\" style=\"\" rel=\"noopener\">committed USD 2 bn<\/a> for copper projects in the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi\u2019s FDI push:<\/strong> The Kingdom is targeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/18b2b108-193d-4643-a14f-304d53658a1c\/al-falih-expresses-cautious-optimism-about%253cmark%253e-saudi%253c%2Fmark%253e-arabia%25e2%2580%2599s-fdi\" style=\"\" rel=\"noopener\">USD 100 bn in foreign direct investment<\/a> per year as part of Vision 2030, after averaging USD 17 bn per year between 2017-2022 and managing to bring in an estimated USD 19 bn in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REGIONALLY-<\/strong> The GCC saw a 26% y-o-y decline in the total value of greenfield FDI projects in 2024, despite the number of projects announced inching up by around 1%. In terms of total value of projects, Saudi took the top spot, accounting for 54%, followed by the UAE at 36%.<\/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\/amazon-web-services\/\">Amazon Web Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/greenfield\/\">Greenfield<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment\/\">Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT 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=\"95167\" 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=\"95167\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/nahdi-medicals-net-income-down-8-1-in-2024-riyadh-cables-up-57-6\/\">\r\n                            Nahdi Medical\u2019s net income down 8.1% in 2024, Riyadh Cables up 57.6%                        <\/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\/11\/nahdi-medicals-net-income-down-8-1-in-2024-riyadh-cables-up-57-6\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n             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Riyadh Cables up 57.6%&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/nahdi-medicals-net-income-down-8-1-in-2024-riyadh-cables-up-57-6\/\">\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\/11\/nahdi-medicals-net-income-down-8-1-in-2024-riyadh-cables-up-57-6\/&title=Nahdi Medical\u2019s net income down 8.1% in 2024, Riyadh Cables up 57.6%\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a 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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95168\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/nahdi-medicals-net-income-down-8-1-in-2024-riyadh-cables-up-57-6\/821-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/821.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"821.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/821.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/821.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95167\" class=\"content-area-description single-story post-95167 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-ksa tag-nahdi-medical tag-riyadh-cables 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\/.e1af2783-f515-4d42-89f2-a3642fcab097.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\">NAHDI MEDICAL-<\/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:\/\/nahdi.sa\/\" style=\"\" rel=\"noopener\">Nahdi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/nahdi.sa\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/nahdi.sa\/\" style=\"\" rel=\"noopener\">Medical<\/a><\/strong><strong>\u2019s net income fell 8.1% y-o-y to SAR 820.7 mn in FY 2024<\/strong>, weighed down by a rise in operating expenses on the back of continued investment in new sale points, sales digitization, and geographic expansion, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85670&anCat=1&cs=4164&locale=en\" style=\"\" rel=\"noopener\">disclosure to<\/a><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85670&anCat=1&cs=4164&locale=en\" style=\"\" rel=\"noopener\">Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> Revenues were up 8.4% y-o-y at SAR 9.4 bn during the period, \u201csupported by the growth of Nahdi\u2019s pharmacy business, increased prescription flow, expanded ins. partnerships, and a broader product assortment,\u201d CFO Mohammed Alkhubani said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/713.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 4Q basis: <\/strong>Nahdi\u2019s net income decreased 7.4% y-o-y to SAR 157.9 mn in 4Q 2024, as rising operating expenses offset an increase in gross income. Meanwhile, the company\u2019s revenue inched up 6.7% to SAR 2.4 bn over the same quarter on the back of growth in its retail, healthcare and UAE businesses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>The company will focus on investing in digital platforms and the UAE market as it looks to strengthen its retail presence in 2025, added Alkhubani. Nahdi currently has 1.2k pharmacies in the Kingdom and 25 in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Nahdi will distribute SAR 390 mn in dividends for 2H 2024 at SAR 3 per share, it said in a separate <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85671&anCat=1&cs=4164&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. Distribution is scheduled for 25 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RIYADH CABLES GROUP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh Cables\u2019 net income grew 57.6% y-o-y to SAR 816.9 mn in 2024<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85679&anCat=1&cs=4142&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawu<\/a> l. The company reported 15.1% y-o-y revenue growth during the year to SAR 9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company will distribute SAR 299.4 mn in dividends for 2H 2024 at SAR 2 per share, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85681&anCat=1&cs=4142&locale=en\" style=\"\" rel=\"noopener\">a separate disclosure<\/a>. The eligibility and dividend distribution dates will be announced later, it added.<\/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\">ARABIA INS. COOPERATIVE-<\/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:\/\/arabiainsurance.com\/en\" style=\"\" rel=\"noopener\">Arabi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/arabiainsurance.com\/en\" style=\"\" rel=\"noopener\">a Ins. Cooperative Company<\/a><\/strong><strong> reported a 50.1% decline in net income to<\/strong><strong> SAR 30.1 mn<\/strong><strong> in FY 2024<\/strong>, due to lower net ins. results and a drop in other income streams, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85676&anCat=1&cs=8160&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company\u2019s ins. revenues fell by 17.2% to SAR 694.7 mn, pulled down by declines in the motor and medical ins. segments that were partially capped by growth in the engineering segment.<\/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\/nahdi-medical\/\">Nahdi Medical<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh-cables\/\">Riyadh Cables<\/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=\"95169\" 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=\"95169\">\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\/11\/pif-launches-al-waha-saudi-arabias-first-dutyfree-retailer\/\">\r\n                            PIF launches Al Waha, Saudi Arabia\u2019s first dutyfree retailer                        <\/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\/11\/pif-launches-al-waha-saudi-arabias-first-dutyfree-retailer\/\" 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 move comes as the Kingdom looks to capitalize on the rising number of tourists visiting the country and its healthy portfolio of global events to be hosted locally over the next 10 years \u2014 including the 2027 Asian Cup, Expo 2030, and the 2034 World Cup.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Saudi Arabia plans to reel in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/778b5d96-5501-4666-8aa3-98b796ebf183\/everything-you-need-to-know-from-saudi-officials-at-davos\" style=\"\" rel=\"noopener\">70 mn foreign visitors annually by 2030<\/a>, up from 30 mn in 2024. The sector aims to secure USD 80 bn in private investment by the end of the decade to help achieve this goal, contributing to the Kingdom\u2019s larger diversification agenda.<\/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\">RENEWABLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa launches renewables innovation center in China: <\/strong>Renewables giant Acwa Power has opened an innovation center in Shanghai that will focus on photovoltaics, wind, energy storage, green hydrogen, and seawater desalination, according to a <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-launches-its-first-overseas--innovation-centre-in-china\/#\" style=\"\" rel=\"noopener\">press release<\/a>. The company invested USD 2.8 mn in the first phase, which includes an R&D center and a green energy laboratory. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Others want in: <\/strong>Acwa signed an MoU with Gulf Renewables Laboratory and Shanghai Jiao Tong University during the center\u2019s opening ceremony to bring in their \u201ctechnical expertise\u201d on future projects. The company hopes that the center will foster collaboration with Chinese partners and other private and public entities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER\u2013<\/strong> Acwa Power <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1f150b5e-3596-437e-a9b8-4a2f76329c2a\" style=\"\" rel=\"noopener\">secured<\/a> a renewables portfolio in China that includes USD 312 mn in solar and wind investments in January. The renewables giant will develop a 132 MW solar photovoltaic (PV) portfolio and a 200 MW wind energy project in the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local<\/strong><strong> e-commerce platform Aya closed a USD 1.6 mn seed funding round<\/strong> led by Khwarizmi Ventures, with contributions from Raed Ventures, Joa Capital, Fena Holdings, Turki Alrajhi, and a group of angel investors, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/03\/saudi-fashion-marketplace-aya-raises-1-6-million-seed\" style=\"\" rel=\"noopener\">press release<\/a>. The funds will be used to accelerate the company\u2019s product development, broaden its market presence, and improve its platform. No further details were provided on the funding round.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Aya:<\/strong> Aya is a fashion marketplace founded in 2024 that specializes in forecasting fashion trends and informing local producers about demand trajectory.<\/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\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global trans<\/strong><strong>port firm FedEx temporarily suspended its Economy Parcel and Freight <\/strong><strong>Services into Saudi Arabia<\/strong>, effective immediately, without offering further details, according to a <a target=\"_blank\" href=\"https:\/\/www.fedex.com\/en-eg\/service-news.html\" style=\"\" rel=\"noopener\">statement<\/a>. The suspension impacts select countries including Egypt, the UAE, Kuwait, South Korea, Japan, China, Hong Kong, Taiwan, India, Belgium, Denmark, the UK, Italy, Slovakia, the Netherlands, Spain, Poland, and Brazil. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FedEx said it aims to resume the services as soon as possible<\/strong>, without disclosing a potential timeline. The last-mile shipping giant launched its international economy service in the Kingdom <a target=\"_blank\" href=\"https:\/\/newsroom.fedex.com\/newsroom\/middle-east-indian-subcontinent-and-africa\/fedex-launches-international-economy-services-in-saudi-arabia-to-help-smes-expand-global-footprint\" style=\"\" rel=\"noopener\">in 2023<\/a> in an effort to cap costs for local SMEs.<\/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\">DIGITIZATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NWC<\/strong><strong> upgrades its revenue assurance system with AI<\/strong><strong>:<\/strong> The National Water Company signed an agreement with Portugal-based business efficiency solutions provider <a target=\"_blank\" href=\"https:\/\/www.effybusiness.com\/\" style=\"\" rel=\"noopener\">Effy Business<\/a> to deploy an AI-powered revenue assurance system to overhaul its finance and general administration sector, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/nwc_media\/status\/1899047360346419623\" style=\"\" rel=\"noopener\">post on X<\/a>. No timeline or investment ticket was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/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:\/\/alephhospitality.com\/\" style=\"\" rel=\"noopener\">Aleph<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/alephhospitality.com\/\" style=\"\" rel=\"noopener\">Hospitality<\/a><\/strong><strong> opened Four Points by Sheraton Jeddah hotel in the Rabwah District<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/alephhospitality.com\/news\/aleph-hospitality-announces-the-opening-of-four-points-by-sheraton-jeddah\/\" style=\"\" rel=\"noopener\">press release<\/a>. The 112-key hotel is located 15 minutes away from King Abdulaziz International Airport, offering a variety of services as well as access to downtown, financial districts, and top attractions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the last one: <\/strong>Aleph Hospitality, in partnership with Marriott International and Ashaad Company, is set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8c7f33fe-212c-44bc-b01a-3b7693e8ca65\/banan-subsidiary-to-build-out-two-gyms-in-riyadh\" style=\"\" rel=\"noopener\">launch<\/a> the 510-key hotel Sheraton Al Khobar Al Hamra, Al Khobar\u2019s first Sheraton brand, located near the King Fahd Causeway by 2028.<\/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\" 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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"805.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/805.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/805.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95171\" class=\"content-area-description single-story post-95171 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-ksa tag-financial-markets tag-fiscal-policy tag-monetary-policy tag-planet-finance tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.e1af2783-f515-4d42-89f2-a3642fcab097.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The<\/strong> <strong>ongoing US trade war might push global economies to tweak their monetary and <\/strong><strong>fiscal policies to account for tariff shocks<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.fitchsolutions.com\/bmi\/country-risk\/some-economies-may-have-more-policy-space-respond-tariff-shocks-06-03-2025?fSWebArticleValidation=true&mkt_tok=NzMyLUNLSC03NjcAAAGZGjNvn0rJsLtw5hu1JJfk9Wj-2_RxVfM-Z4q4Df1xbKMybyr7JRfMOxUrZTNt5l8rZOloB4zNYqgILRMSMMzdUH5myQT8WEA_SACTlSdGfSMOxRHXnA?fSWebArticleValidation=true&mkt_tok=NzMyLUNLSC03NjcAAAGZHwotBppMB7bXuMEbeWedymGCsL4L8_AYL0JapfT3dLIUkEvZZFS76Fq6WkkugS5MIDokgxLLjLXF_JEmGBlcn3uuS92UH4OMIunWMqMepiLZSDzhgw\" style=\"\" rel=\"noopener\">Fitch Solutions<\/a> said. Last week, US President Donald Trump imposed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/074b3f33-57bb-4f94-9170-2de99fefdb12\/this-morning:-opec%2B-to-hike-production-next-month-%2B-emergency-gaza-focused-arab-league-summit-kicks-off-in-egypt-today\" style=\"\" rel=\"noopener\">25% tariffs<\/a> on Canada and Mexico and doubled tariffs on Chinese imports to 20%. He also announced plans to apply 25% tariffs on EU imports, and plans to place <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2942bc59-f0aa-464d-81e5-9f603ac6c372\" style=\"\" rel=\"noopener\">additional 25% tariffs<\/a> on all steel and aluminum imports starting this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all about inflation and interest rates:<\/strong> To counteract economic slowdowns caused by tariffs, central banks may consider lowering interest rates, but their ability to do so varies across countries. The flexibility of monetary policy depends on how closely inflation aligns with targets and whether interest rates have room for adjustment compared to pre-pandemic levels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where do developed economies stand?<\/strong> The European Central Bank and central banks in Australia and Canada may have more capacity to cut rates due to inflation remaining near target. The US and UK stand in a middle position, with some ability to adjust rates but with inflation concerns potentially limiting aggressive reductions. Japan, facing an inflation rate of 4%\u2014double its target\u2014and a minimal policy rate spread, has little room for monetary easing. Meanwhile, China\u2019s policy rate is already far below its 2015\u20132019 average, significantly reducing its ability to introduce further cuts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For emerging markets, monetary policy flexibility is closely tied to economic stability. <\/strong>Countries with strong current account balances can lower interest rates with fewer concerns about currency depreciation or capital outflows. However, nations such as Brazil, Romania, and Poland face challenges due to above-target inflation and weaker external conditions, making interest rate cuts more difficult.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Governments looking to respond through fiscal measures such as increased spending or tax cuts face significant limitations<\/strong>. Resources have been strained by recovery efforts following the covid-19 pandemic and the surge in energy prices caused by the Russia-Ukraine war. Countries such as Germany, South Korea, and Australia, with relatively lower debt and manageable deficits, have more room to implement fiscal stimulus. In contrast, nations like France, Italy, Japan, and the UK, which are burdened with high government debt and fiscal deficits, have little flexibility to maneuver.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sell-off on Wall Street extended to Asian markets<\/strong>, with Japan\u2019s Nikkei falling 1.7%, while Topix fell 2%, and South Korea\u2019s Kospi is down 1.5%. China was not spared, with the CSI 3000 falling 0.2% and Hong Kong\u2019s Hang Seng index down 0.9% in early trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street futures indicate a lower open later today<\/strong>, as concerns over a potential recession continue to drag down stocks. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,745<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: -2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,487.1<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,031<\/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: -1.4%)<\/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-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>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\">31,137<\/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: +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\">9,393<\/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: -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\">5,136<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7% (YTD: -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>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\">5,613<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.7% (YTD: -5.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,600<\/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: +5.2%)<\/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\">5,387<\/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\">-1.5% (YTD: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 69.3<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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 <\/strong>(Nymex)<\/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 4.5<\/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\">+2.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,894<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7%<\/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 79,081 <\/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\">-4.3% (YTD: +9.7%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 0.8% <strong>yesterday <\/strong>on turnover of SAR 5.3 bn. The index is down 2.4% 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> Derayah (+30%), RIBL (+4.5%) and Alujain (+3.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>AlBaha (-8.1%), Rasan (-7.8%) and Riyadh Cables (-7.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 1.0% <strong>yesterday <\/strong>on turnover of SAR 40.7 mn. The index is down 1.4% 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> NBM (+9.5%), Al Mohafaza for Education (+7.6%) and Horizon Food (+5.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> AlRashid Industrial (-11.1%), Balady (-9.5%) and Sure (-9.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Capital Market Authority approved capital increase requests for four <\/strong><strong>companies<\/strong>, including <a target=\"_blank\" href=\"https:\/\/wsmco.sa\/en\/\" style=\"\" rel=\"noopener\">WSM for Information Technology<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bankalbilad.com\/\" style=\"\" rel=\"noopener\">Bank Albilad<\/a>, Raoom Trading, and <a target=\"_blank\" href=\"https:\/\/www.qomel.com\/\" style=\"\" rel=\"noopener\">Qomel Company<\/a> through capitalization and bonus share issuances, it said in multiple statements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Bank Albilad secured <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3746.aspx\" style=\"\" rel=\"noopener\">approval<\/a><\/strong><strong> for a 20% capital increase to SAR 15 bn via a bonus <\/strong><strong>share issuance,<\/strong> at the rate of one share for every five existing shares. The increase will be funded using SAR 1.5 bn from retained earnings and SAR 1 bn from statutory reserves. The move \u2014 which got <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3bf6cc22-5673-47cf-b66c-6bd5db7180a1\/early-traders-cash-in-on-trump-coin-while-other-investors-take-heavy-losses\" style=\"\" rel=\"noopener\">board approval<\/a> last month \u2014 aims to bolster the bank\u2019s solvency while retaining resources in operational activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Raoom Trading got the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3748.aspx\" style=\"\" rel=\"noopener\">green light<\/a><\/strong><strong> to double its capital to SAR 125 mn via bonus <\/strong><strong>share issuance <\/strong>at the rate of one to every share, funded by SAR 62.5 mn from retained earnings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Qomel Company was also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/NEWS\/Pages\/CMA_N_3747.aspx\" style=\"\" rel=\"noopener\">cleared<\/a><\/strong><strong> to double its capital to SAR 70 mn via bonus share <\/strong><strong>issuance<\/strong>, funded through SAR 32.6 mn from share premium and SAR 2.4 mn from retained earnings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- WSM for Information Technology will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/NEWS\/Pages\/CMA_N_3745.aspx\" style=\"\" rel=\"noopener\">increase<\/a><\/strong> <strong> its capital to SAR 21.5 mn<\/strong>, by transferring SAR 2 mn from retained earnings.<\/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>Emaar,<\/strong><strong> t<\/strong><strong>he Economic City increased its planned PIF debt conversion to SAR 4.12 bn from <\/strong><strong>SAR 3.97 bn <\/strong>to include interest and fees through December 2024, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85675&anCat=1&cs=4220&locale=en\" style=\"\" rel=\"noopener\">filing to Tadawul<\/a>. The revised terms were formalized in an addendum agreement, with the conversion subject to shareholders\u2019 approval and regulatory clearance. The move is part of Emaar\u2019s capital optimization plan.<\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/fiscal-policy\/\">fiscal policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/monetary-policy\/\">monetary policy<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95173\" 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=\"95173\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/\">\r\n                            Zelensky, delegation landed in Jeddah yesterday for US talks                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/')\">\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\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/\">\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=Zelensky, delegation landed in Jeddah yesterday for US talks&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/\">\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\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/&title=Zelensky, delegation landed in Jeddah yesterday for US talks\">\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=Zelensky%2C+delegation+landed+in+Jeddah+yesterday+for+US+talks+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F11%2Fzelensky-delegation-landed-in-jeddah-yesterday-for-us-talks%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\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/828.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95174\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/zelensky-delegation-landed-in-jeddah-yesterday-for-us-talks\/828-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/828.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"828.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/828.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/828.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95173\" class=\"content-area-description single-story post-95173 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-ksa tag-jeddah tag-riyadh tag-us tag-zelensky 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\/.e1af2783-f515-4d42-89f2-a3642fcab097.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ukrainian President Volodym<\/strong><strong>yr Zelensky and his delegation arrived in Jeddah yesterday <\/strong><strong>for his <\/strong><strong><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\">scheduled meeting<\/a><\/strong><strong> with Crown Prince Mohammed bin Salman,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2278741\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported. The story also got ink in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-10\/us-to-press-ukraine-for-ceasefire-commitments-at-saudi-meeting\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/03\/10\/russia-ukraine-war-zelenskyy-rubio-us-saudi-arabia\/abd48a1a-fdc3-11ef-b7a7-d938159de2bc_story.html\" style=\"\" rel=\"noopener\">Washington Post<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong>The Ukrainian team will remain in the Kingdom for talks with US Secretary of State Marco Rubio on a proposed ceasefire with Russia, covering the Black Sea, long-range missile strikes, and the release of prisoners, <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/russia-ukraine-war-zelenskyy-rubio-us-saudi-arabia-8f1b9d30915d6e0590dab7e54fe02475\" style=\"\" rel=\"noopener\">Associated Press<\/a> reported citing sources it said are in the know. Discussions will also reportedly include signing an agreement backed by US President Donald Trump, granting the U.S. access to Ukraine\u2019s rare earth minerals.<\/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\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jeddah\/\">Jeddah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh\/\">Riyadh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zelensky\/\">Zelensky<\/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=\"95175\" 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\/11\/95175\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95175\" class=\"content-area-description single-story post-95175 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;\">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>17-23 April (Thursday-Wednesday):<\/span><span> 11th edition of the Saudi Film Festival, Dhahran. <\/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:\/\/www.formula1.com\/en\/racing\/2025\/saudi-arabia\" style=\"\">Saudi Arabian Grand Prix<\/a><\/span><span style=\"font-weight:400;\">, Jeddah Corniche Circuit, 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>Industrial production up 1.3% in January | Zahid is not giving up on Barloworld | Our first dutyfree retailer | Nahdi Medical\u2019s 2024 earnings<\/p>\n","protected":false},"featured_media":95150,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-95149","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"daa9b0a3-2d19-4452-8b0d-fe7a49444743","teaser":"Industrial production up 1.3% in January | Zahid is not giving up on Barloworld | Our first dutyfree retailer | Nahdi Medical\u2019s 2024 earnings","photo_url":"https:\/\/ent.news\/2025\/3\/598.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>Derayah Financial\u2019s share price closes 30% higher on Tadawul debut - KSA<\/title>\n<meta name=\"robots\" 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