{"id":95469,"date":"2025-03-20T00:00:00","date_gmt":"2025-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=95469"},"modified":"2025-12-14T20:35:33","modified_gmt":"2025-12-14T20:35:33","slug":"sp-global-gives-its-two-cents-on-the-kingdoms-economy","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/sp-global-gives-its-two-cents-on-the-kingdoms-economy\/","title":{"rendered":"S&#038;P Global gives its two cents on the Kingdom\u2019s economy"},"content":{"rendered":"<section id=\"95471\" 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=\"95471\">\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\/20\/russian-ukrainian-talks-return-to-jeddah-on-sunday-egypts-madinet-masr-plans-gcc-expansion\/\">\r\n                            THIS MORNING: Russian-Ukrainian talks return to Jeddah on Sunday + Egypt\u2019s Madinet Masr plans GCC expansion                        <\/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\/20\/russian-ukrainian-talks-return-to-jeddah-on-sunday-egypts-madinet-masr-plans-gcc-expansion\/\" 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 wrap up the workweek as Ramadan is entering the last ten days, with a brisk issue that is heavy on news from mining and debt markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In this morning\u2019s news well: <\/strong>S&P Global\u2019s two cents on Saudi\u2019s economy, the latest sukuk issuance from the Finance Ministry, and Emaar, the Economic City renews an SAR 1 bn loan with the PIF. We also have a flurry of earnings from Sipchem, Petro Rabigh, and others. Let\u2019s dive in.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Pakistani PM Shehbaz Sharif is in town <\/strong><strong>after arriving <\/strong><strong>in Jeddah<\/strong><strong> yesterday for a<\/strong><strong> four-day visit<\/strong> that is set to conclude this Saturday, 22 March, according to state media agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2284611\" style=\"\" rel=\"noopener\">SPA<\/a>. Sharif is scheduled to meet with Crown Prince Mohammed bin Salman during his trip and is looking to discuss bilateral relations, economic cooperation, and investment ties between Saudi Arabia and Pakistan, according to <a target=\"_blank\" href=\"https:\/\/www.samaa.tv\/2087330672-pm-shehbaz-sharif-reaches-saudi-arabia-for-high-level-talks\" style=\"\" rel=\"noopener\">Samaa News<\/a>. Sharif is also expected to discuss Gaza, the Middle East, and broader \u201cissues concerning the Muslim world.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Saudi Ar<\/strong><strong>abia and China will face off <\/strong><strong>today at 9:15pm <\/strong><strong>in their 2026 World Cup qualifier <\/strong><strong>at Al Awwal Park in Riyadh<\/strong><strong>.<\/strong> The Green Falcons are just one point shy from a direct qualification spot, leveling on points with Indonesia, Bahrain, and China in <a target=\"_blank\" href=\"https:\/\/www.fifa.com\/en\/tournaments\/mens\/worldcup\/canadamexicousa2026\/qualifiers\/afc\/standings\" style=\"\" rel=\"noopener\">Group C.<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong> Thunderstorms continue across Riyadh. Makkah, and Madinah today.<\/p>\n<ul>\n<li>Riyadh: 34\u00b0C daytime \/ 21\u00b0C overnight<\/li>\n<li>Makkah: 34\u00b0C daytime \/ 26\u00b0C overnight<\/li>\n<li>Madinah: 34\u00b0C daytime \/ 20\u00b0C overnight <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING NEXT WEEK-<\/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>Talks on<\/strong><strong> a Russia-Ukraine ceasefire will return to Jeddah on Sunday<\/strong>, US Special Envoy to the Middle East Steve Wittkoff told Fox News in an interview (<a target=\"_blank\" href=\"https:\/\/www.foxnews.com\/video\/6370214244112\" style=\"\" rel=\"noopener\">watch, runtime: 6:18<\/a>), following US President Donald Trump\u2019s phone call with Russia\u2019s Vladimir Putin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What came out of it?<\/strong> Witkoff said Putin agreed to a US-backed proposal \u2014 which includes a 30-day ceasefire covering energy, infrastructure, and targets in the Black Sea \u2014 and is hopeful it will bring the Ukrainians on board. This initial compromise, Washington hopes, will lead to a broader agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> The meeting will also cover shipping safety, and involve military personnel as well as experts in port and civil infrastructure, <a target=\"_blank\" href=\"https:\/\/en.interfax.com.ua\/news\/general\/1056937.html\" style=\"\" rel=\"noopener\">Interfax<\/a> reported, citing a press conference by Ukrainian President Volodymyr Zelensky at the Presidential Palace in Helsinki.<\/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 hosted talks between top US and Ukrainian officials in Riyadh <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c75bd9e4-491a-4125-98c9-5b6a1efda40f\/ev-maker-lucid-will-export-92%2525-of-its-production-%2B-cma-approves-ipos-on-tadawul,-nomu\" style=\"\" rel=\"noopener\">earlier this month<\/a>, after which Washington resumed military aid to Kyiv in exchange for agreeing to a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/332904c7-fe75-4465-aff0-3533e8b5cd48\/aramco-chief-wants-a-new-global-energy-strategy\" style=\"\" rel=\"noopener\">30-day ceasefire<\/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\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Schools wil<\/strong><strong>l be off on 20-21 April in Jeddah, Makkah, and Taif as Formula 1 takes over <\/strong><strong>the streets<\/strong> for the Saudi Arabian Grand Prix, which runs between 18-20 April, according to <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/650273\/SAUDI-ARABIA\/Saudi-Arabia-announces-school-holiday-in-Jeddah-Makkah-and-Taif-for-Formula-1\" style=\"\" rel=\"noopener\">S<\/a><a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/650273\/SAUDI-ARABIA\/Saudi-Arabia-announces-school-holiday-in-Jeddah-Makkah-and-Taif-for-Formula-1\" style=\"\" rel=\"noopener\">audi Gazette<\/a>. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> Egyptian real estate developer Madinet Masr is in talks with potential partners in Saudi <\/strong><strong>Arabia and the UAE for its planned <\/strong><strong>GCC expansion<\/strong>, CEO Abdallah Sallam told <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/egypts-madinet-masr-in-talks-for-saudi-uae-expansion-bch14ryf\" style=\"\" rel=\"noopener\">Zawya<\/a>. Sallam didn\u2019t name the companies involved in the talks or share a concrete timeframe for the developer\u2019s first foray outside Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First stop is likely Riyadh<\/strong>, Sallam said, adding that \u201cwe are talking with three to four companies in Saudi Arabia\u2026some of them have their own lands.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong><strong>Egyp<\/strong><strong>tian <\/strong><strong>investment bank <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zillacapital.com\/\" style=\"\" rel=\"noopener\">Zilla Capital<\/a><\/strong><strong> is looking into launching specialized funds in <\/strong><strong>Saudi Arabia<\/strong>, including a pre-IPO fund, with USD 300 mn target capital over five years to invest in two to three companies annually, Managing Partner Marwan Younes told <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A3%D8%B3%D9%88%D8%A7%D9%82\/%D8%A7%D9%84%D8%AF%D8%AE%D9%84-%D8%A7%D9%84%D8%AB%D8%A7%D8%A8%D8%AA\/%D8%B2%D9%8A%D9%84%D8%A7-%D9%83%D8%A7%D8%A8%D9%8A%D8%AA%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%B5%D9%86%D8%A7%D8%AF%D9%8A%D9%82-%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%A8%D9%8A%D9%86%D9%87%D8%A7-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D9%85%D8%A7-%D9%82%D8%A8%D9%84-%D8%A7%D9%84%D8%B7%D8%B1%D9%88%D8%AD%D8%A7%D8%AA-mnd88wue\" style=\"\" rel=\"noopener\">Zawya<\/a>. Zilla has had its sight set on the Kingdom for some time now, with its chairman <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ab1bb44-eba0-432c-b2cb-422fe8888369\/turkey%25e2%2580%2599s-beko-has-officially-set-up-shop-in-egypt-with-new-usd-100-mn-factory.-plus:-seic-%2B-abu-qir-fertilizers,-beko,-egyptalum,%253cmark%253e-zilla%253c%2Fmark%253e%253cmark%253e-capital%253c%2Fmark%253e,-city-lab-%2B-cairo-clinical-lab\" style=\"\" rel=\"noopener\">unveiling plans<\/a> to launch its first project in KSA \u2014 an asset management company \u2014 back in September. <\/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>PIF-backed ultra-luxury h<\/strong><strong>otel operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aman.com\/\" style=\"\" rel=\"noopener\">Aman Group<\/a><\/strong><strong> is planning to raise up to USD 2 bn to <\/strong><strong>expand in the Middle East and Africa,<\/strong> including 23 hotel projects and expanding Aman Residences, CEO Vladislav Doronin told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-19\/ultra-luxury-hotel-group-aman-seeks-2-billion-for-global-push\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The company is in late-stage talks with bankers to structure the fundraising, targeting institutional and high net-worth investors, with completion expected by early 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s lots in the pipeline: <\/strong>The company is pursuing a Middle East and Africa property expansion for Aman, including its Janu hotel line catering to younger travelers. The company is developing three Janu properties in the region, including hotels in historic Saudi locations in AlUla and Diriyah, and has sold around half of the three dozen mansions under construction in Riyadh\u2019s Diriyah district for USD 35-39 mn each, Doronin added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Aman Group raised USD 900 mn from the Public Investment Fund and Cain International <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/saudi-arabias-pif-cain-international-invest-900-mln-aman-group-pif-2022-08-15\/\" style=\"\" rel=\"noopener\">in 2022<\/a>, which valued the company at USD 3 bn.<\/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>EY sees<\/strong><strong> Sa<\/strong><strong>udi projects contributing to the \u201cresilience of GCC banks\u201d this year:<\/strong> The \u201cimplementation of economic transformation projects in the Kingdom\u201d will underpin the overall resilience of GCC banks in 2025, EY said in a <a target=\"_blank\" href=\"https:\/\/www.ey.com\/en_pk\/newsroom\/2025\/03\/gcc-banking-sector-set-for-strong-performance-in-2025\" style=\"\" rel=\"noopener\">press release<\/a>. The Kingdom\u2019s planned megaprojects are also expected to \u201cplay a role in creating enormous business and lending opportunities for banks this year,\u201d the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> EY sees GCC banks continuing to \u201cbenefit from strong capital levels\u201d in 2025, with credit growth set to be driven by a strong project pipeline \u201cwith aggregate contract awards driven by infrastructure development, especially in [Saudi] and the UAE.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Moody\u2019s projected that Saudi banks\u2019 credit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/78e9ea8f-7b3e-48df-9dd2-aef164217513\/household-mortgages-climbed-to-sar-607-bn-in-2023\" style=\"\" rel=\"noopener\">will rise<\/a> on the back of a heightened push for funding megaprojects, coupled with a growing appetite for homeownership. The agency sees the government\u2019s wide-reaching economic transformation plans as providing ample business and lending prospects for the domestic banking sector.<\/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>Consumer<\/strong><strong> spe<\/strong><strong>nding via point-of-sale (PoS) transactions in the Kingdom went up 4.0% <\/strong><strong>w-o-w in the week ending Saturday, 15 March<\/strong> to c. SAR 13.6 bn, according to the <a target=\"_blank\" href=\"https:\/\/www.sama.gov.sa\/en-US\/Indices\/POS_EN\/POS_Report_16_Mar_2025.pdf\" style=\"\" rel=\"noopener\">Saudi Central Bank\u2019s report (pdf)<\/a>. The number of weekly transactions also rose by 4.1% w-o-w to 193.1 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> PoS transactions on jewelry saw the largest increase in terms of value, growing 31.1% w-o-w to SAR 419.2 mn, followed by clothing and footwear, whose value rose 22.8% to SAR 1.5 bn. Hotels came in a close third, with the value of transactions increasing 19.1% w-o-w to SAR 352.7 mn. In terms of volume, jewelry recorded the biggest hike during the week at 29.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh once again had the highest value of PoS transactions at SAR 4.7 bn<\/strong>, followed by Jeddah at SAR 2.0 bn and Abha at SAR 142.8 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Ara<\/strong><strong>mco\u2019s<\/strong><strong> oil production costs in the Kingdom rose 11% y-o-y in 2024 to reach SAR <\/strong><strong>13.24 (USD 3.53) per barrel post-drilling<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/03\/18\/article_2758687.html#:~:text=%D8%AA%D8%B9%D8%AF%20%D8%AA%D9%83%D9%84%D9%81%D8%A9%20%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC%20%D9%81%D9%8A%202024,2022%20%D9%84%D8%AA%D8%B5%D9%84%20%D8%A5%D9%84%D9%89%203.05%20%D8%AF%D9%88%D9%84%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> reports, citing company data. The exploration and production sector\u2019s capital expenditure per barrel of oil equivalent increased by 31% y-o-y to SAR 31.1 (USD 8.3). Aramco\u2019s hydrocarbon production dropped 3% y-o-y to 12.4 mn barrels of oil equivalent per day last year, while liquid materials \u2014 including oil, LNG, and condensates \u2014 fell 4% y-o-y to 10.3 mn barrels per day. <\/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>Israel launched a limited ground operation in Gaza on Wednesday<\/strong>, with troops reoccupying areas outside population centers, the Israeli army said in a post on <a target=\"_blank\" href=\"https:\/\/x.com\/IDF\/status\/1902385285708542380\" style=\"\" rel=\"noopener\">X<\/a>. Troops have expanded their control over parts of the Netzarim Corridor, which runs east to west across the strip \u201cin order to expand the security zone and to create a partial buffer between northern and southern Gaza.\u201d Israeli Defense Minister Israel Katz issued a \u201cfinal warning\u201d just before the operation began, saying residents in battle zones would soon be evacuated again unless Hamas freed the remaining hostages and was removed from power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The operation comes after <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91d45492-998d-4847-9127-546f0d48a65f\/egypt-recorded-a-primary-surplus-of-egp-330-bn-in-8m-fy24-25\" style=\"\" rel=\"noopener\">Israel resumed strikes on Gaza<\/a><\/strong><strong> earlier this week<\/strong>, killing hundreds of Palestinians and marking the deadliest day in the strip in over two months and the collapse of January\u2019s ceasefire agreement. Hamas condemned the new ground operation as a \u201cdangerous violation\u201d of the ceasefire agreement. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-19\/israeli-forces-begin-limited-ground-operation-in-gaza?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-army-says-it-targeted-hamas-military-site-with-strikes-killing-five-gaza-2025-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cvg1q1kv9nko\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/19\/world\/middleeast\/israel-gaza-strip-netzarim.html\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Fed keeps rates unchanged: <\/strong>The US Federal Reserve left interest rates unchanged on Wednesday, as policymakers grapple with heightened economic uncertainty amid the Trump administration\u2019s tariff-heavy trade policies. <strong>We have the details in this morning\u2019s Planet Finance. <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/with-interest-rates-hold-feds-economic-projections-take-center-stage-2025-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/19\/fed-meeting-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-19\/fed-holds-rates-sees-slower-growth-and-higher-inflation?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/fed-federal-reserve-rates-trump-tariffs-inflation-prices-a9008f1bb081093cd149967e3e637c7b\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cvgp574lvdxo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/19\/economy\/fed-rate-decision-march\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/madinet-masr\/\">Madinet Masr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ukraine\/\">Ukraine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/sp-global-ratings-gives-its-two-cents-on-the-kingdoms-economy\/\">\r\n                            S&amp;P Global Ratings gives its two cents on the Kingdom\u2019s economy                        <\/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\/20\/sp-global-ratings-gives-its-two-cents-on-the-kingdoms-economy\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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              <a href=\"https:\/\/api.whatsapp.com\/send?text=S%26%23038%3BP+Global+Ratings+gives+its+two+cents+on+the+Kingdom%E2%80%99s+economy+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F20%2Fsp-global-ratings-gives-its-two-cents-on-the-kingdoms-economy%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\/20\/sp-global-ratings-gives-its-two-cents-on-the-kingdoms-economy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95475\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/sp-global-ratings-gives-its-two-cents-on-the-kingdoms-economy\/1171-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1171.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1171.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95474\" class=\"content-area-description single-story post-95474 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-ksa tag-sp-global 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\/.a3aa9769-064e-4f56-8e8a-787a62fbd445.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>S&P Global Ratings predicts a strong outing for Saudi Arabia\u2019s economy in 2025,<\/strong> with analysts in the agency conducting a webinar \u2014dubbed the Credit Outlook For Saudi Arabia \u2014 where they discussed S&P\u2019s recent decision to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d6f2ee3f-ec3b-43f2-8b67-507159c2dc75\/%253cmark%253es&p-global%253c%2Fmark%253e-ratings-upgrades-saudi%25e2%2580%2599s-credit-rating-to-a%2B\" style=\"\" rel=\"noopener\">upgrade<\/a> Saudi Arabia's long-term foreign and local currency issuer credit rating to A+ from A with a stable outlook. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> S&P Global Ratings revised the Kingdom\u2019s credit rating on the back of its progress in economic diversification, expansion of the non-oil sector to 70% of GDP, and development of the domestic capital market. S&P expects these factors to offset the risks associated with rising sovereign and external debt \u201cto pursue Vision 2030 goals and debt servicing costs.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWe expect strong non-oil growth momentum to continue,<\/strong> driven by government measures to spur investment and consumption. While we acknowledge the risks associated with lower oil revenue and rising government and external debt, we believe that the recalibration of infrastructure spending will maintain a strong sovereign balance sheet and external position,\u201d S&P Global Ratings Head of Analytics Hina Shoeb said at the start of the webinar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are some weaknesses to the Kingdom\u2019s credit, including:<\/strong><\/p>\n<ul>\n<li><strong>Reliance on the oil sector \u2014<\/strong> which, despite being on the decline, still exposes the fiscal and external positions to volatility in prices.<\/li>\n<li><strong>Higher fiscal deficits:<\/strong> S&P sees the budget deficit increasing to over 4.0% of GDP over 2025-2028, from about 1.0% in the past four years.<\/li>\n<li><strong>Rising external financing needs:<\/strong> The agency expects elevated levels of debt issuance across all the sectors to double external debt to GDP by 2028 compared to levels seen in 2022. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWe are expecting increasing oil production to have an impact on oil revenue,<\/strong> but this will be more than offset by the lower oil prices,\u201d S&P\u2019s Zahabia Gupta said during the webinar. \u201cThe government can manage this by reducing some of the capex spending they had in mind \u2014 and they are expecting spending to be lower this year than it was last year. However, we expect spending levels to be unchanged from last year, and we see it increasing slightly over the next few years as well, but we will be looking to see how the policy responses change as a result.\u201d Gupta added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FDI will rise \u2014 but it may not do so at the rate the gov\u2019t is aiming for:<\/strong> S&P sees the Kingdom\u2019s FDI numbers to \u201cgradually pick up,\u201d but there are also some constraints that authorities are trying to fix, Gupta said. \u201cThis includes issues on the regulatory framework, infrastructure, the rule of law, and payment culture. These issues create some hesitation for investors, but things are changing very quickly in the country. But still, it will stay below the levels that the government is expecting.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/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>Debt issuances could begin to slow down:<\/strong> \u201cThe total amount of debt issuances are going to moderate moving forward, because the fiscal headroom will also reduce gradually, and the authorities will be focused on not increasing their debt servicing costs,\u201d Gupta said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The Kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/abfe4a7c-f546-4e5e-9788-adc85378be35\/saudi-arabia-dominates-gcc-bond-and-sukuk%253cmark%253e-issuances%253c%2Fmark%253e-in-2024--markaz\" style=\"\" rel=\"noopener\">topped<\/a> the GCC in terms of bond and sukuk issuances, raising USD 79.5 bn from 79 primary bond and sukuk issuances in 2024 \u2014 a 51.2% y-o-y increase from USD 52.5 bn in 2023. Saudi Arabia accounted for 53.7% of the GCC\u2019s total primary issuances volume at USD 147.9 bn last year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sp-global\/\">S&amp;P Global<\/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=\"95476\" 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=\"95476\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/\">\r\n                            FinMin wraps up SAR 2.64 bn March sukuk issuance                        <\/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\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/\" 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\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/')\">\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\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/\">\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=FinMin closes SAR 2.64 bn March sukuk issuance&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/\">\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\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/&title=FinMin closes SAR 2.64 bn March sukuk issuance\">\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=FinMin+closes+SAR+2.64+bn+March+sukuk+issuance+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F20%2Ffinmin-closes-sar-2-64-bn-march-sukuk-issuance%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\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95477\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/finmin-closes-sar-2-64-bn-march-sukuk-issuance\/115-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"115.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95476\" class=\"content-area-description single-story post-95476 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseam-ksa tag-sukuk 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\/.0e4ebae7-864b-4053-9ab9-9a5879444084.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>The Finance<\/strong><strong> Mi<\/strong><strong>nistry closed its March sukuk issuance, raising SAR 2.64 bn from <\/strong><strong>fixed-income investors<\/strong>, down from SAR 3 bn raised in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3ceabb32-3664-4da7-affc-ebd4cde6ea82\/finmin-closes-sar-3.07-bn-february-sukuk-issuance\" style=\"\" rel=\"noopener\">February<\/a>, according to a National Debt Management Center <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1559.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. This is part of the government\u2019s SAR-denominated sukuk program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>March\u2019s issuances shifted toward smaller tranches and slightly shorter maturities <\/strong><strong>compared to February.<\/strong> Yields remained mostly steady across the board, with a slight uptick for longer-term debt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance was structured in four tranches:<\/strong><\/p>\n<ul>\n<li><strong>A two-year tranche<\/strong> valued at SAR 364.2 mn with a 4.76% yield;<\/li>\n<li><strong>A four-year tranche<\/strong> valued at SAR 315.9 mn with a 4.82% yield;<\/li>\n<li><strong>A seven-year tranche<\/strong> valued at SAR 1.46 bn with a 4.85% yield;<\/li>\n<li><strong>A 14-year tranche<\/strong> valued at SAR 500 mn with a yield of 4.99%.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The Kingdom\u2019s borrowing plan for FY 2025 outlined a requirement for some SAR 139 bn in new public debt. The targeted amount is intended to bridge an anticipated SAR 101 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/72e76ea0-cfe5-4328-95c3-cf39eefa9004\/\" style=\"\" rel=\"noopener\">budget deficit<\/a> penciled in for the new fiscal year, in addition to covering some SAR 38 bn required to meet principals\u2019 repayments for loans maturing during the period. The government expects the budget shortfall to come in at 2.3% of GDP in the current fiscal year and to \u201ccontinue at similar levels over the medium term.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sukuk\/\">sukuk<\/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=\"95478\" 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=\"95478\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/\">\r\n                            Emaar, the Economic City renews SAR 1 bn loan from PIF                        <\/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\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/\" 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\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/')\">\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\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/\">\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=Emaar, the Economic City renews SAR 1 bn loan from PIF&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/\">\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\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/&title=Emaar, the Economic City renews SAR 1 bn loan from PIF\">\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=Emaar%2C+the+Economic+City+renews+SAR+1+bn+loan+from+PIF+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F20%2Femaar-the-economic-city-renews-sar-1-bn-loan-from-pif%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\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1653.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95479\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/emaar-the-economic-city-renews-sar-1-bn-loan-from-pif\/1653-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1653.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1653.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1653.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1653.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95478\" class=\"content-area-description single-story post-95478 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-emaar tag-enterpriseam-ksa tag-public-investment-fund-pif 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\/.81d3d6fd-c9b6-464f-af3b-e7a620893c3a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Emaar renews SAR 1 bn shareholder loan from PIF: <\/strong><a target=\"_blank\" href=\"https:\/\/www.kaec.net\/\" style=\"\" rel=\"noopener\">Emaar, the Economic City (EEC)<\/a> inked a binding amendment and restatement agreement with the Public Investment Fund (PIF) for a SAR 1 bn convertible shareholder loan to cover project costs, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85868&anCat=1&cs=4220&locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to Tadawul. The PIF first granted the loan to EEC in February 2023, which the construction company fully drew down. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New expiry + terms: <\/strong>The loan will now expire in May 2026, with the repayment structured as a single bullet payment due in March 2027. As collateral, EEC pledged real estate valued at no less than SAR 1.5 bn, along with promissory notes securing both the principal and commission. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tied by a conversion clause:<\/strong> The fund, which currently owns <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/news-and-insights\/press-releases\/2021\/eec\/\" style=\"\" rel=\"noopener\">25%<\/a> of EEC, retains the right to convert outstanding loan balance into shares \u2014 but the move would be subject to regulatory and shareholder approvals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All part of a capital optimization strategy: <\/strong>Last year, EEC transferred its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4b68faa3-99ff-4bfd-ae3d-96c8419ac656\/eec-novates-debt-to-pif-as-it-lays-out-capital-optimization-plan\" style=\"\" rel=\"noopener\">SAR 2.9 bn<\/a> loan from the Finance Ministry to the PIF as part of a broader capital optimization plan, granting the company a one-year grace period until June 2025. The restructuring also included a SAR 1.1 bn shareholder loan from PIF, with both loans set to be fully converted into equity, increasing PIF\u2019s stake in EEC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>EEC\u2019s board proposed a 49.7% <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=82452&anCat=1&cs=4220&locale=en\" style=\"\" rel=\"noopener\">capital reduction<\/a> last year to offset SAR 5.6 bn in accumulated losses in 1H 2024, followed by a SAR 3.9 bn capital increase to cover liabilities, while also working to reschedule SAR 3.8 bn in loans with major Saudi banks under a single term sheet.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95480\" 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=\"95480\">\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\">MINING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/industry-ministry-awards-four-exploration-licenses-for-multi-mineral-belts\/\">\r\n                            Industry Ministry awards four exploration licenses for multi-mineral belts                        <\/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\/20\/industry-ministry-awards-four-exploration-licenses-for-multi-mineral-belts\/\" 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 awardees are expected to spend some SAR 366 mn over the next three years, while funneling SAR 22 mn into local communities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The tender saw 14 bids from several pre-qualified local and international companies. The concessions are expected to carry copper, zinc, gold, silver, and lead deposits over a 4.8 sq km total area.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The awardees:<\/strong><\/p>\n<ul>\n<li><strong>A consortium of China\u2019s Norin Mining and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ajlanbros-holding.com\/\" style=\"\" rel=\"noopener\">Aljan & Bros<\/a><\/strong> landed a license to explore the southern Al Hajar site, with a SAR 209 mn investment ticket, while committing SAR 11.2 mn for local development;<\/li>\n<li><strong>A consortium of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.artar.com.sa\/ar\/home\" style=\"\" rel=\"noopener\">ARTAR<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gmco.com.sa\/ar\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Gold & Minerals Ltd.<\/a><\/strong><strong>, and Jacaranda<\/strong> pledged a SAR 62 mn for the exploration of the northern Al Hajar site, along with SAR 4.2 mn for local development;<\/li>\n<li><strong>India\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.vedantalimited.com\/\" style=\"\" rel=\"noopener\">Vedanta<\/a><\/strong> landed a license for the 2.9 sq km Jabal Sayid 1, committing SAR 33 mn for exploration, plus SAR 3 mn for developing the local community;<\/li>\n<li><strong>A consortium of Aljan and China\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zijinmining.com\/\" style=\"\" rel=\"noopener\">Zijin Mining<\/a><\/strong> won the exploration rights for Jabal Sayid 2, with a SAR 62 mn investment ticket, in addition for SAR 4 mn for local infrastructure.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e05daf4b-eff6-4b06-997c-6fa072982e5e\" style=\"\" rel=\"noopener\">launched a SAR 685 mn incentive package<\/a> last year as part of a joint effort with the Investment Ministry to expand the sector and tap reserves of gold, phosphate, and other minerals. The goal is to attract local and foreign mining investors as part of a push to become a global hub for metals critical for the energy transition and become an EV manufacturing hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-awards-mining-exploration-licenses-local-international-firms-2025-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> also had the story<\/strong>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/industry-and-mineral-resources-ministry\/\">Industry and Mineral Resources Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95482 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"95482\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/95482\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95482\" class=\"content-area-description single-story post-95482 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95483\" 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=\"95483\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/sipchems-net-income-down-63-7-in-2024-a-flurry-of-full-year-earnings\/\">\r\n                            Sipchem\u2019s net income down 63.7% in 2024 + a flurry of full-year earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/sipchems-net-income-down-63-7-in-2024-a-flurry-of-full-year-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/230.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95484\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/sipchems-net-income-down-63-7-in-2024-a-flurry-of-full-year-earnings\/230-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/230.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"230.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/230.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/230.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95483\" class=\"content-area-description single-story post-95483 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-aramco tag-earnings-watch tag-enterpriseam-ksa tag-middle-east-specialized-cables-company-mesc tag-petro-rabigh tag-qassim-cement tag-riyadh-cement tag-saudi-real-estate-company-al-akaria-2 tag-sipchem tag-taiba-investments tag-united-cooperative-assurance 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\/.06831c66-e436-4927-9939-dda4ff0ba07d.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\">SIPCHEM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/www.sipchem.com\/en\" style=\"\" rel=\"noopener\">Sahara<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sipchem.com\/en\" style=\"\" rel=\"noopener\">International Petrochemical<\/a><\/strong><strong> (Sipchem)<\/strong><strong> saw its net income drop 63.7% y-o-y to <\/strong><strong>SAR 426.1 mn in FY 2024<\/strong>, hit by higher feedstock and raw material costs, as well as lower gains from joint ventures and associates, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85881&anCat=1&cs=2310&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues fell 7.3% y-o-y to SAR 7.1 bn during the same period, impacted by lower sales volumes and an 8% drop in product prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The executive board opted to halt production at its Ethyl Acetate plant in Jubail Industrial City until further notice, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85880&anCat=1&cs=2310&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. Sipchem expects the move to strengthen its financial structure while other facilities compensate for paused operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plant shutdowns affected Spichem in 4Q: <\/strong>Sipchem\u2019s earnings in the fourth quarter were set back SAR 130 mn from the month-long shutdown of its Samapco plant, including SAR 30 mn in maintenance costs, CEO Abdullah Al Saadoon told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/03\/19\/-%D8%B3%D8%A8%D9%83%D9%8A%D9%85-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D8%A3%D8%AB%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%84%D8%AA%D9%88%D9%82%D9%81-%D9%85%D8%B5%D9%86%D8%B9-%D8%B3%D9%85%D8%A7%D8%A8%D9%83%D9%88-%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-130-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%B1%D9%8A%D8%A7%D9%84\" style=\"\" rel=\"noopener\">AlArabiya<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade wars bode well for Sipchem? <\/strong>Al Saadoun remainsoptimistic about market recovery, pointing to rising product prices and an improving supply-demand balance. He expects newly tariff hikes between the US and the EU to have a positive impact on the company\u2019s performance, enhancing Sipchem's competitiveness with US products in European markets, which represent 22% of the company\u2019s total sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Khobar-based petrochemical firm is looking to double its production capacity over the next seven years as it grows offshore sales. Sipchem is eyeing new markets in Europe, India, South Asia, and the broader Middle East, CEO Abdullah Al Saadoon said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b427be44-66cc-4f54-8364-a9c70f85103b\/is-mancity%25e2%2580%2599s-de-bruyne-finalizing-his-move-to-al-ittihad%3F\" style=\"\" rel=\"noopener\">back in July<\/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\">PETRO RABIGH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.petrorabigh.com\/en\" style=\"\" rel=\"noopener\">Rabigh Refi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.petrorabigh.com\/en\" style=\"\" rel=\"noopener\">ning and Petrochemical<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.petrorabigh.com\/en\" style=\"\" rel=\"noopener\">Company<\/a><\/strong><strong> reported a net loss of SAR 4.5 <\/strong><strong>bn in FY 2024<\/strong>, slightly narrowing from a SAR 4.7 bn loss in 2023, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85879&anCat=1&cs=2380&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenue dropped 11.8% to SAR 39.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bottom line for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/petrorabighco\/\" style=\"\" rel=\"noopener\">Aramco-Sumitomo Chemical JV<\/a><\/strong><strong> remained in the red<\/strong> on the back of lower sales and product margins, in addition to unplanned facility shutdowns and increased feedstock costs, reads the disclosure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Petro Rabigh cleared its books with Aramco and Sumitomo <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3ae728c5-ed87-4832-b9c3-db8a3d934779\/jadaya-agricultural-acquires-100%2525-of-food-developing-trading#:~:text=Aramco%20inches%20closer%20to%20becoming%20the%20majority%20shareholder%20of%20Petro%20Rabigh%3A%20Saudi\" style=\"\" rel=\"noopener\">last January<\/a> when the two companies bailed their JV from two revolving shareholder loans worth a combined USD 1.5 bn. The move was part of a binding sale and purchase agreement which saw Aramco acquire <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e7f765ed-7098-437e-a070-c3d229381b06\/aramco-is-getting-another-slice-of-petro%253cmark%253e-rabigh%253c%2Fmark%253e-%2B-extending-a-fresh-loan\" style=\"\" rel=\"noopener\">an additional 22.5% stake<\/a> in the JV.<\/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\">DAR AL ARKAN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dar Al Arka<\/strong><strong>n Real Estate Development\u2019s net income rose 32.1% y-o-y<\/strong><strong> to SAR 806.8 mn in <\/strong><strong>FY 2024<\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85885&anCat=1&cs=4300&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The growth was driven by higher lease revenues and increased non-operating income from murabaha deposits, helping offset higher operating and finance costs and a decline in associates\u2019 income. Meanwhile, revenue grew 38.9% y-o-y to SAR 3.8 bn over the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LOOKING AHEAD- <\/strong>Dar Al Arkan is exploring further listings for its international arm Dar Global beyond the London Stock Exchange, with potential targets including the New York Stock Exchange, Chairman Yousef Al Shelash said in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8825b137-d657-4797-ac16-3c08930dc5d0\/flynas-ipo-to-happen-this-year%3F-%2B-pif-backed-nesma-&-partners-is-mulling-going-public\" style=\"\" rel=\"noopener\">January<\/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\">NATIONAL SHIPPING COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bahri.sa\" style=\"\" rel=\"noopener\">The N<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bahri.sa\" style=\"\" rel=\"noopener\">ational Shipping Company for Saudi Arabia<\/a><\/strong><strong> (<\/strong><strong>Bahri<\/strong><strong>) reported a 34% y-o-y <\/strong><strong>increase in <\/strong><strong>net income to SAR 2.17 bn in FY 2024<\/strong>, pushed by improvements in operational performance and return on equity investments, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85864&anCat=1&cs=4030&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue grew 8% y-o-y to SAR 9.48 bn during the same period, buoyed by higher global shipping rates and increased activity across several business units.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The BoD recommended distributing SAR 738.3 mn in dividends for FY 2024 at SAR 1 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85876&anCat=1&cs=4030&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date is yet to be announced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company\u2019s board proposed a capital hike to SAR 9.23 bn through a bonus share issuance at a rate of one share for every four shares held, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85877&anCat=1&cs=4030&locale=en\" style=\"\" rel=\"noopener\">another disclosure<\/a>. The hike will be financed by tapping SAR 1.85 bn from retained earnings.<\/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\">TAIBA INVESTMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taiba Inve<\/strong><strong>stments\u2019 net <\/strong><strong>income rose 205.6% y-o-y to SAR 333.7 mn in FY 2024<\/strong>, while revenue increased by 145.2% y-o-y to SAR 1.32 bn, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85869&anCat=1&cs=4090&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Growth was fueled by higher occupancy rates related to religious pilgrimage, an increase in the number of events and conferences held in Riyadh, and Dur Hospitality\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/671e6ad7-a890-4e53-8e17-fb3085623a01\/almarai-grabs-etmam-logistics-for-sar-182-mn-amid-push-into-frozen-foods\" style=\"\" rel=\"noopener\">post-acquisition<\/a> footprint expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company\u2019s board suggested distributing SAR 195.3 mn in dividends for FY 2024 at SAR 0.75 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85871&anCat=1&cs=4090&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date is yet to be announced.<\/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\">UNITED COOPERATIVE ASSURANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Co<\/strong><strong>operative Assuran<\/strong><strong>ce racked up a net loss of SAR 15.1 mn in FY 2024<\/strong>, compared to a net income of SAR 5.3 mn in 2023, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85863&anCat=1&cs=8190&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadwul<\/a>. The decline was driven by a 39% drop in net ins. service results due to higher expenses and a 98% fall in ins. pool surplus share. The losses were partially offset by a 43% increase in net investment returns. Meanwhile, ins. revenues fell 1.2% y-o-y to SAR 1.05 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">QASSIM CEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qassim C<\/strong><strong>ement\u2019s net inco<\/strong><strong>me grew 112.3% y-o-y in FY 2024 to SAR 301.3 mn<\/strong>, while revenue increased 65.8% y-o-y to SAR 967.6 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85857&anCat=1&cs=3040&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Growth was supported by higher sales volume and average pricing, in addition to the operational integration of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1080d484-2425-4e5d-9041-19691a237fc1\/%253cmark%253eqassim-cement%253c%2Fmark%253e-is-the-new-owner-of-hail-cement\" style=\"\" rel=\"noopener\">fully acquired<\/a> Hail Cement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The board greenlit the distribution of SAR 87.8 mn in dividends for 4Q 2024 at SAR 0.80 per share on 15 April, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85858&anCat=1&cs=3040&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GULF UNION ALAHLIA COOPERATIVE INS.-<\/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:\/\/gulfunion.com.sa\" style=\"\" rel=\"noopener\">Gulf Union<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/gulfunion.com.sa\" style=\"\" rel=\"noopener\">Alahlia Cooperative Ins. Company<\/a><\/strong><strong> reported a 65.1% y-o-y decline in net<\/strong> <strong>income to SAR 43.6 mn in FY 2024<\/strong>, weighed down by higher ins. services expenses and a smaller surplus from ins. pools, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85862&anCat=1&cs=8120&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, ins. revenues grew 28.9% y-o-y to SAR 804.8 mn, driven by solid performance across the health, car, and property and casualty ins. segments.<\/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\">BAWAN-<\/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:\/\/bawan.com.sa\/en\/\" style=\"\" rel=\"noopener\">Bawan<\/a><\/strong><strong>\u2019s n<\/strong><strong>et income declined 22.1% y-o-y to SAR 106 mn in FY 2024<\/strong>, while revenue dropped 9.9% to SAR 3 bn, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85870&anCat=1&cs=1302&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The fall came on the back of lower prices of wood products, declining sales of metal products, and increasing operational and Zakat expenses. These factors were partially offset by increased sales of plastic and electric products.<\/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 MEDITERRANEAN AND GULF-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.medgulf.com.sa\/home\/\" style=\"\" rel=\"noopener\">The Med<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.medgulf.com.sa\/home\/\" style=\"\" rel=\"noopener\">iterranean and Gulf Ins. and Reins.<\/a><\/strong><strong> (<\/strong><strong>MedGulf<\/strong><strong>) reported a<\/strong><strong> 49.4% y-o-y decline in <\/strong><strong>net income to SAR 102 mn in FY 2024<\/strong>, driven by higher reins. expenses and weaker investment returns, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85859&anCat=1&cs=8030&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. However, ins. revenues grew 6.6% y-o-y to SAR 3.55 bn on the back of overall growth in the business volume.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong><strong>-<\/strong> Buruj Cooperative Ins. secured the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/862c7562-862b-44a6-9cc7-307dd1796f32\/almoosa-health-debuts-on-tadawul-today\" style=\"\" rel=\"noopener\">green light<\/a> for a potential merger with MedGulf from the General Authority for Competition. The move would see MedGulf\u2019s capital upped to allow for the issuance of new shares to the shareholders of Buruj. The move is still pending other regulatory and shareholders\u2019 approvals before any binding agreement can be signed.<\/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 CEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/riyadhcement.com.sa\/\" style=\"\" rel=\"noopener\">Riyadh<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/riyadhcement.com.sa\/\" style=\"\" rel=\"noopener\">Cement<\/a><\/strong><strong>\u2019s net income<\/strong><strong> increased 64.5% y-o-y to SAR 310.4 mn in FY 2024<\/strong>, driven by healthier results and a SAR 25 mn zakat refund, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85865&anCat=1&cs=3092&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenue was up 22.7% y-o-y at SAR 789.4 mn during the period on the back of higher selling prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AL AKARIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.al-akaria.com\/\" style=\"\" rel=\"noopener\">Saudi R<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.al-akaria.com\/\" style=\"\" rel=\"noopener\">eal Estate Company<\/a><\/strong><strong> (<\/strong><strong>Al Akaria<\/strong><strong>)<\/strong><strong> saw its net income grow 218% y-o-y to SAR 215.1 <\/strong><strong>mn in FY 2024<\/strong>, buoyed by a nearly threefold increase in returns from public and private partnerships, in addition to rising operating income and falling zakat expenses, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1592.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Meanwhile, revenues were up 9.6% y-o-y at SAR 1.9 bn over the same period, driven by higher real estate sales, returns from infrastructure projects, and rental revenues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Al Akaria expects Fai Sedra-1 project, which features 138 residential units, to roll out in 1Q 2026, acting CEO Khalid Alsehaibany said. He added that the company is currently looking to tap a contractor for Fai Sedra-2, which features 310 residential units and is expected to be completed in 2027.<\/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\">ACIG-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.acig.com.sa\/\" style=\"\" rel=\"noopener\">Allied C<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.acig.com.sa\/\" style=\"\" rel=\"noopener\">ooperative Ins. Group<\/a><\/strong><strong> (Acig) <\/strong><strong>reported a net loss of SAR 16.5 mn in FY 2024<\/strong>, compared to a net income of SAR 63.4 mn in the previous year, due to lower ins. revenue, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85855&anCat=1&cs=8150&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues dropped 9.4% y-o-y to SAR 883.4 mn, weighed down by declining car and health ins. sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MIDDLE EAST SPECIALIZED CABLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Middle E<\/strong><strong>ast Specialized Cables<\/strong><strong>' (MESC) net income increased 86.1% y-o-y to SAR 91 mn<\/strong><strong> in FY 2024<\/strong>, driven by a higher sales volume and other income streams, as well as lower financing costs, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85888&anCat=1&cs=2370&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. At the same time, revenue climbed 23.4% y-o-y to SAR 1.14 bn, boosted by higher sales orders across all sectors \u2014 particularly oil and gas \u2014 and a rise in qualified bids.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/middle-east-specialized-cables-company-mesc\/\">Middle East Specialized Cables Company (Mesc)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/petro-rabigh\/\">Petro Rabigh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/qassim-cement\/\">Qassim Cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh-cement\/\">Riyadh Cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-real-estate-company-al-akaria-2\/\">Saudi Real Estate Company (Al Akaria)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sipchem\/\">SIPCHEM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/taiba-investments\/\">Taiba Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/united-cooperative-assurance\/\">United Cooperative Assurance<\/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=\"95485\" 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=\"95485\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/\">\r\n                            Saudi Arabia made up nearly half of Forbes Middle East\u2019s 40 most influential asset managers in its latest ranking                        <\/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\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/\" 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\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/')\">\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\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi Arabia made up nearly half of Forbes Middle East\u2019s 40 most influential asset managers&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/\">\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\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/&title=Saudi Arabia made up nearly half of Forbes Middle East\u2019s 40 most influential asset managers\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+Arabia+made+up+nearly+half+of+Forbes+Middle+East%E2%80%99s+40+most+influential+asset+managers+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F20%2Fsaudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers%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\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1657.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95486\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/1657-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1657.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1657.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1657.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1657.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95485\" class=\"content-area-description single-story post-95485 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-enterpriseam-ksa tag-forbes tag-kudos 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\/.6badf1d9-88c7-4b9e-82e2-3fa34a9a0906.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The Kingdom dominated the asset management scene in 2024<\/strong>, accounting for nearly half of Forbes Middle East <a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/top-40-asset-managers-2025\/\" style=\"\" rel=\"noopener\">Top 40 asset managers<\/a>. We crowded the ranking <strong>with 19 firms<\/strong> driven by the \u201cstrength of its stock exchange,\u201d while the UAE and Kuwait followed with six entries each. Collectively, Middle Eastern firms managed over USD 439 bn in assets in 2024, including equities, debt funds, discretionary portfolios, and real estate.<\/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 TOP TEN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- SNB Capital CEO <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/?page_id=52205\" style=\"\" rel=\"noopener\">Rashad Sharif<\/a><\/strong> retained the top spot, managing asses worth USD 63.7 bn in 2024. The firm also oversaw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11b8a541-a6d0-44d9-a177-9ef29b4f41c8\/aramco-raises-usd-11.2-bn-in-follow-on-offering\" style=\"\" rel=\"noopener\">Aramco\u2019s USD 12.4 bn secondary offering<\/a>, one of the largest in the Europe, the Middle East and Africa region since 2000.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Al Rajhi Capital CEO <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/?page_id=52222\" style=\"\" rel=\"noopener\">Waleed Al Rashed AlHumaid<\/a><\/strong> led the firm to increase Aum by 61% y-o-y to USD 32.9 bn in 2024. The firm also acted as a joint bookrunner for Aramco\u2019s offering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Jadwa Investments CEO & MD <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/?page_id=52229\" style=\"\" rel=\"noopener\">Tariq Al Sudairy<\/a><\/strong> fell short from the podium after leading an Aum growth of 36.5% y-o-y to USD 22.8 bn in 2024. The firm announced the closing of its first regional blind-pool private equity fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11b8a541-a6d0-44d9-a177-9ef29b4f41c8\/aramco-raises-usd-11.2-bn-in-follow-on-offering\" style=\"\" rel=\"noopener\">GCC Private Equity Fund 1<\/a> last November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Riyad Capital CEO <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/?page_id=52235\" style=\"\" rel=\"noopener\">Abdullah Abdulrahman Alshwer<\/a><\/strong> led the firm to USD 24.9 bn in Aum, securing the fifth spot after launching the Riyad SAR Liquidity Fund, the Riyad Monthly Distributions Multi-Asset Fund, and the 1957 Ventures fund to target the fintech industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Alinma Capital CEO and MD <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/?page_id=52241\" style=\"\" rel=\"noopener\">Mazin Baghdadi<\/a><\/strong> secured the sixth spot, after Alinma Capital \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b4c33c19-5fdc-4c4c-adff-34dedbaf531d\/chinese-tech-stocks-log-big-gains-riding-on-deepseek%25e2%2580%2599s-historic-debut\" style=\"\" rel=\"noopener\">previously Alinma Investment<\/a> \u2014 oversaw Aum worth USD 24 bn in 2024. It also launched the USD 365.3 mn Alinma-Al Nahdi Real Estate fund to develop land in the Eastern Province.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other managers who made the list:<\/strong> <\/p>\n<ul>\n<li>#12- Alistithmar Capital (ICAP) CEO Khaled Abdulaziz Alrayes<\/li>\n<li>#13- Sedco Capital CEO Abdulwahhab Abed<\/li>\n<li>#14- SAB Invest CEO Ali Almansour<\/li>\n<li>#15- BSF Capital CFO Salam AlKhunaizi<\/li>\n<li>#19- Albilad Capital CEO Zaid Mohammed Almufarih<\/li>\n<li>#20- Aljazira Capital CEO Naif Almesned<\/li>\n<li>#21- anb Capital Khalid Al-Ghamdi<\/li>\n<li>#22- Sidra Capital VC Ghassan Soufi<\/li>\n<li>#25- Areeb Capital CEO Khalid Al Jabri<\/li>\n<li>#26- Bloominvest Saudi Arabia CEO Abdullah Saud AlRashoud<\/li>\n<li>#27- Derayah Financial CEO Mohammed AlShammasi<\/li>\n<li>#28- AlKhair Capital CEO Abdullah Al Shilash<\/li>\n<li>#29- Alpha Capital CEO Fahad Khalid AlSaud<\/li>\n<li>#33- Alkhabeer Capital Ahmed Ghouth.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi German Health (SGH) received accreditation<\/strong><strong> for 18 new Centers of Excellence <\/strong><strong>across its hospitals in Saudi Arabia<\/strong>, raising the number of Australian Council on Healthcare Standards International (ACHSI) credited centers to 30, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/saudi-german-health-leads-in-region-with-achsi-accreditation-for-30-centres-of-excellence-rvzlqm7b\" style=\"\" rel=\"noopener\">press release<\/a>. The newly accredited healthcare institutions specialize in emergency medicine, diagnostics, interventional radiology, and outpatient surgeries.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/forbes\/\">Forbes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/kudos\/\">KUDOS<\/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=\"95487\" 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=\"95487\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/acwa-eyes-malaysian-investments\/\">\r\n                            Acwa eyes Malaysian investments                        <\/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\/20\/acwa-eyes-malaysian-investments\/\" 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\/20\/acwa-eyes-malaysian-investments\/')\">\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\/20\/acwa-eyes-malaysian-investments\/\">\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=Acwa eyes Malaysian investments&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/acwa-eyes-malaysian-investments\/\">\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\/20\/acwa-eyes-malaysian-investments\/&title=Acwa eyes Malaysian investments\">\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=Acwa+eyes+Malaysian+investments+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F20%2Facwa-eyes-malaysian-investments%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\/20\/acwa-eyes-malaysian-investments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1659.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95488\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/acwa-eyes-malaysian-investments\/1659-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1659.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1659.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1659.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1659.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95487\" class=\"content-area-description single-story post-95487 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-ksa tag-industry-and-mineral-resources-ministry 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\/.dca62cfb-812e-4142-8302-72e920f8c5df.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\">CLIMATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Acwa eyes<\/strong><strong> Malay<\/strong><strong>sian investments: <\/strong>Acwa Power is conducting feasibility studies with Malaysia\u2019s <a target=\"_blank\" href=\"https:\/\/www.uemlestra.com\/\" style=\"\" rel=\"noopener\">Uem Lestra Berhad<\/a> to establish independent water and power facilities in Malaysia, Acwa said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/acwa-power-international_acwapower-energytransition-activity-7307402759710924801-hswR?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFCC1R4B8bJ2XP1yuuTfhZswiTjG6MgJX3k\" style=\"\" rel=\"noopener\">statement<\/a> on Tuesday. The studies will evaluate the implementation of seawater reverse osmosis technology desalination plants with a daily capacity between 200k-400k cubic meters of water. The pair will also explore incorporating large-scale solar farms \u2014 either on the ground or floating \u2014 linked to battery energy storage systems, combined cycle gas turbine solutions, or a combination of both.<\/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 had plans last year to invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/99ae66f5-32ec-4e4b-a317-a68c8be4c356\" style=\"\" rel=\"noopener\">USD 10 bn<\/a> in Malaysia over the next decade. The proposed \u201cenergy projects\u201d in Malaysia were to be implemented with Malaysian integrated renewable energy provider Cypark Resources.<\/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\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wealth management firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ml-ksa.com\/\" style=\"\" rel=\"noopener\">Merill Lynch KSA<\/a><\/strong><strong> secured approval to provide market-making <\/strong><strong>services for 20<\/strong><strong> listed securities<\/strong> split evenly between Tadawul\u2019s main market and Nomu, effective today, the Saudi Exchange said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/tZLLcoIwFIafpYsuMzlcE5b0hjpYpQgKGyaF2NJCQE2lj9-oXVTHS6czzer8mf_kXL7gFM9wKti6fGGybASrlE5SO7NcG_QehZE38TUIYuLTOJho0DdxjFOcVk3OKo4TLjaqzcsCJ7bJLHgmBDmFZSNTA4Ycygiaz6lpFLRwCKMbdy5kK19xIlnBuo8q4-IaVgx9y23cLsucr5goSlFwFW0vBe92Qc2W71zuZC5_SFTXmoMMpINu4en-IHTo2RA8usFIJxZ4MeD0_JwH-RCOLQgexkPDhyfwwP5dPpw47sX6odptot4gJ02uKrIueYcj0SxrxS7crHd6O8yC6P5J5f6ZUg_w4FJ_6qOUb4tF6iqijZD8U-LZvyNN97sauQ5RUAY3Xt93DWqTQ8MR6vuGI1i3hjPc2rqmRo2iaNZ1k16d3fnzsF-6V19eUYXL\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">a statement<\/a>. The firm will maintain specific obligations for each stock The firm will adhere to the market-maker obligations on each stock, including minimum quote presence, size requirements, and spread caps. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the main market<\/strong>: Merrill Lynch will serve as market maker, with spreads mostly capped at 0.75%, for <a target=\"_blank\" href=\"https:\/\/www.al-sorayai.com\/en\/\" style=\"\" rel=\"noopener\">Naseej International Trading<\/a>, <a target=\"_blank\" href=\"https:\/\/zoujajglass.com\/\" style=\"\" rel=\"noopener\">the National Company for Glass Industries (Zoujaj)<\/a>, <a target=\"_blank\" href=\"https:\/\/edu.com.sa\/en\/\" style=\"\" rel=\"noopener\">the National Company for Learning and Education<\/a>, <a target=\"_blank\" href=\"https:\/\/shakersa.com\/?lang=en&srsltid=AfmBOopxGyCv-wvBudgMBsUATDR9_WnbMQlHixPURZN8dNp63AxoLEc4\" style=\"\" rel=\"noopener\">Al Hassan Ghazi Ibrahim Shaker<\/a>, <a target=\"_blank\" href=\"https:\/\/sisco.com.sa\/en\" style=\"\" rel=\"noopener\">Sustained Infrastructure Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/www.theebonline.com\/\" style=\"\" rel=\"noopener\">Theeb Rent a Car<\/a>, <a target=\"_blank\" href=\"https:\/\/www.sadafco.com\/\" style=\"\" rel=\"noopener\">Saudia Dairy and Foodstuff Company (SADAFCO)<\/a>, <a target=\"_blank\" href=\"https:\/\/www.dallahhealth.com\/\" style=\"\" rel=\"noopener\">Dallah Healthcare<\/a>, <a target=\"_blank\" href=\"https:\/\/www.gulfinsgroup.com\/\" style=\"\" rel=\"noopener\">Gulf Insurance Group<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.al-dawaa.com.sa\/home\/\" style=\"\" rel=\"noopener\">Aldawaa Medical Services<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the parallel market<\/strong>: Lynch will also act as a market maker, with spreads generally capped at 5%, for <a target=\"_blank\" href=\"https:\/\/atlaslifts-sa.net\/en\/\" style=\"\" rel=\"noopener\">Atlas Elevators General Trading and Contracting<\/a>, <a target=\"_blank\" href=\"https:\/\/www.shamstourism.com.sa\/\" style=\"\" rel=\"noopener\">Shams Tourism<\/a>, <a target=\"_blank\" href=\"https:\/\/riyadhsteel.com.sa\/en\/home\/\" style=\"\" rel=\"noopener\">Riyadh Steel<\/a>, <a target=\"_blank\" href=\"https:\/\/sure.com.sa\/en\/\" style=\"\" rel=\"noopener\">Sure Global Tech<\/a>, <a target=\"_blank\" href=\"https:\/\/ladun.sa\/\" style=\"\" rel=\"noopener\">Ladun Investment<\/a>, <a target=\"_blank\" href=\"https:\/\/mobiindustry.sa\/en\/\" style=\"\" rel=\"noopener\">MOBI Industry<\/a>, <a target=\"_blank\" href=\"https:\/\/molansteel.com\/en\/\" style=\"\" rel=\"noopener\">Molan Steel<\/a>, <a target=\"_blank\" href=\"https:\/\/www.feshfashfood.com\/\" style=\"\" rel=\"noopener\">Fesh Fash Snack Food Production<\/a>, <a target=\"_blank\" href=\"https:\/\/yaqeen.sa\/en\/\" style=\"\" rel=\"noopener\">Yaqeen Capital<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.lanamedical.com\/\" style=\"\" rel=\"noopener\">Lana Medical<\/a> on Nomu.<\/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\">E-COMMERCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.alshaya.com\/en\/\" style=\"\" rel=\"noopener\">Alshay<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alshaya.com\/en\/\" style=\"\" rel=\"noopener\">a Group<\/a><\/strong><strong>\u2019s brands joined the GCC marketplace of Trendyol<\/strong>, a Turkish e-commerce platform, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/alshaya-group-brands-join-trendyol-in-the-gcc-khshpy97\" style=\"\" rel=\"noopener\">a press release<\/a>. American Eagle, Bath & Body Works, and H&M are now available on Trendyol for shoppers in Saudi Arabia, with more brands to come. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Trendyol:<\/strong> Istanbul-based e-commerce platform Trendyol was founded in 2010 and connects customers with local and global brands. The Kingdom currently accounts for 80% of the platform's orders during peak periods in the Gulf.<\/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\">ART-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Manga Pr<\/strong><strong>oductions partnered with Sela to attract Japanese entertainment to <\/strong><strong>Riyadh <\/strong><strong>Season: <\/strong><a target=\"_blank\" href=\"https:\/\/misk.org.sa\/en\/\" style=\"\" rel=\"noopener\">Misk<\/a> \u2019s subsidiary <a target=\"_blank\" href=\"https:\/\/manga.com.sa\/\" style=\"\" rel=\"noopener\">Manga Productions<\/a> inked a partnership agreement with the PIF\u2019s entertainment and investments arm <a target=\"_blank\" href=\"https:\/\/sela.sa\/\" style=\"\" rel=\"noopener\">Sela<\/a> to collaborate on attracting Japanese entertainment brands to Riyadh Season, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2283929\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/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\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco-backed Norwegian software firm, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cognite.com\/en\/\" style=\"\" rel=\"noopener\">Cognite<\/a><\/strong><strong>, <\/strong><strong>launched an AI services hub in <\/strong><strong>South <\/strong><strong>Indian Bengaluru <\/strong>and plans to invest \u201cmns of USD,\u201d as it eyes India as \u201can alternative to China,\u201d CEO Girish Rishi and CSO Hakon Bjerke told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/artificial-intelligence\/saudi-aramco-backed-cognite-taps-india-ai-expansion-bet-2025-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> yesterday. Cognite is also pursuing potential contracts in cement and automotive with major Indian conglomerates and plans to ramp up investments in the country. No further details were disclosed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/industry-and-mineral-resources-ministry\/\">Industry and Mineral Resources Ministry<\/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=\"95489\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"95489\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/\">\r\n                            Fed holds rates steady, warns of rising inflation and slower economic growth                        <\/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\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/\" 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\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/')\">\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\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/\">\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=Fed holds rates steady, warns of rising inflation and slower economic growth&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/\">\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\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/&title=Fed holds rates steady, warns of rising inflation and slower economic growth\">\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=Fed+holds+rates+steady%2C+warns+of+rising+inflation+and+slower+economic+growth+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F20%2Ffed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth%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\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1634.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95490\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/fed-holds-rates-steady-warns-of-rising-inflation-and-slower-economic-growth\/1634-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1634.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1634.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1634.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1634.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95489\" class=\"content-area-description single-story post-95489 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-economy tag-enterpriseam-ksa tag-financial-markets tag-inflation tag-planet-finance tag-us-federal-reserve 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\/.67d03d0d-4f0a-4a48-8763-a842b16dd52e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The US Federal Reserve held interest rates steady for the second time <\/strong><strong>at the 4.25%-4.50% range<\/strong>, in line with expectations, it said in a <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20250319a.htm\" style=\"\" rel=\"noopener\">statement<\/a> following its meeting yesterday. This marks its first interest rate meeting since US President Donald Trump\u2019s tariff-focused economic agenda took hold. The Fed previously opted to keep interest steady <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/20eca3ab-17b3-4e39-b437-0675ba38de37\/fed-holds-rates-steady,-keeping-tabs-on-trump-and-inflation\" style=\"\" rel=\"noopener\">in January<\/a>, hitting pause on a cutting spree which saw interest rates drop 50 bps <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/587da6dc-6c89-4449-87cf-f24013502d3d\/fed-kicks-off-easing-cycle-with-a-bang\" style=\"\" rel=\"noopener\">in September<\/a>, and 25 bps in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c22a2bd-d0a6-4fe1-9209-e5df1448126c\/fed-trims-rate-cuts-by-a-further-25-bps-as-central-bankers-brace-for-an-uncertain-time-for-monetary-policy\" style=\"\" rel=\"noopener\">November<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f203e9f5-2ccd-41fb-8579-4e4d81199fc9\/%253cmark%253efed%253c%2Fmark%253e-cuts-rates-by-another-25-bps,-signals-slower-easing-cycle-next-year\" style=\"\" rel=\"noopener\">December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>While economic activity was expanding gradually and unemployment rate lows had steadied, \u201cinflation remains somewhat elevated\u201d and \"uncertainty around the economic outlook has increased,\u201d the Fed\u2019s statement said. The Fed lowered its GDP growth forecast for the US to 1.7%, down from 2.1%. \u201cInflation has started to move up now, we think, partly in response to tariffs, and there may be a delay in further progress in the course of this year,\u201d Fed Chair Jerome Powell said at a presser.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going forward: <\/strong>The Fed will continue to assess data and the balance of risks, it said, with most policymakers still expecting two rate cuts this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> US stocks rose on the news, with the Nasdaq up 1.4% and the S&P gaining 1.1%, ending a streak of losses from earlier this week on the back of a sell-off in tech stocks. At the same time, investors ramped up bond purchases, reflecting concerns around economic growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- China\u2019s central bank <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.pbc.gov.cn\/zhengcehuobisi\/125207\/125213\/125440\/3876551\/5625417\/index.html\" style=\"\" rel=\"noopener\">also kept key interest rates unchanged<\/a><\/strong>, as the country looks towards stabilizing its currency and shoring up growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Bank of England (BoE) is also expected to hold interest rates at 4.5% o<\/strong><strong>n Thursday<\/strong>, as inflationary pressures persist and economic growth slows, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/19\/bank-of-england-expected-to-hold-rates-steady-as-uncertainty-mounts.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. Governor Andrew Bailey <a target=\"_blank\" href=\"https:\/\/committees.parliament.uk\/oralevidence\/15477\/html\/\" style=\"\" rel=\"noopener\">warned<\/a> earlier this month that Trump\u2019s trade tariffs pose a risk to the UK economy, while the BoE <a target=\"_blank\" href=\"https:\/\/www.bankofengland.co.uk\/monetary-policy-report\/2025\/february-2025\" style=\"\" rel=\"noopener\">projects<\/a> inflation will temporarily rise to 3.7% \u2014 well above its 2% target \u2014 driven by higher energy prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed<\/strong> following the interest rate moves yesterday, with China\u2019s CSI 300 dipping 0.2%, and Hong Kong\u2019s Hang Seng index falling 1.4%. South Korea\u2019s Kospi was up 0.3%, while Japan\u2019s stock markets were closed for a holiday. <strong>Over on Wall Street<\/strong>, futures are pointing to a strong open after yesterday\u2019s rally. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\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\">11,709<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: -2.7%)<\/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>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\">1,484<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -1.7%)<\/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>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\">30,683<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -2.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,348<\/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: +5.4%)<\/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>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\">9,438<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +0.2%)<\/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>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\">5,117<\/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: -0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,692<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.4% (YTD: -3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,707<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,507<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +12.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 70.78<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.20<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,058<\/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%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 85,822<\/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\">+4.2% (YTD: -8.3%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\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 0.7% <strong>yesterday <\/strong>on turnover of SAR 4.6 bn. The index is down 2.7% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> UIHC (+3.5%), Albaha (+2.8%) and Rasan (+2.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Medgulf (-10.0%), ACIG (-10.0%) and Derayah (-4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 0.1% <strong>yesterday <\/strong>on turnover of SAR 30.2 mn. The index is down 2.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong>Naas Petrol (+9.6%), Enma Alrawabi (+7.0%) and Knowledgenet (+6.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Neft Alsharq (-9.7%), Alnaqool (-9.5%) and Obeikan Glass (-8.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian<\/strong><strong> Mills\u2019 <\/strong><strong>board recommended a dividend payout of SAR 30.3 mn for FY 2024<\/strong> at SAR 0.59 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85890&anCat=1&cs=2285&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The distribution date is yet to be announced.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/inflation\/\">Inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/us-federal-reserve\/\">US Federal Reserve<\/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=\"95491\" 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\/20\/95491\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95491\" class=\"content-area-description single-story post-95491 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;\">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>14-16 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/umrah-ziyarah.com\/#prId=334725\" style=\"\">Umrah and Ziyarah Forum<\/a><\/span><span style=\"font-weight:400;\">, King Salman International Convention Center, Madinah.<\/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;\">17-23 April (Thursday-Wednesday): 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>25 April- 3 May (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.the-afc.com\/en\/club\/afc_champions_league_elite.html\/news\/stage-set-for-aclelite-finals-jeddah-2025\" style=\"\">AFC Champions League Elite Finals<\/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>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>9 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/pflmena.com\/\" style=\"\">PFL Mena<\/a><\/span><span style=\"font-weight:400;\"> Season 2 Kick-off<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-15 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartmanufacturing.com\/\" style=\"\">Saudi Smart Manufacturing<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention & Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-14 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gemtechforum.com\/\" style=\"\">Global EV & Mobility Technology Forum<\/a><\/span><span style=\"font-weight:400;\">, The Arena, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/toss-summit.com\/\" style=\"\">Tech-ecO-System Summit (ToSS)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 May (Friday): Guns N\u2019 Roses Show, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 May-5 June (Saturday-Thursday): Hajj.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-9 June ( Friday-Monday): Eid Al Adha.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17-18 June (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 June (Thursday): 2024-2025 academic year ends.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 June (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1346.aspx\" style=\"\">Deadline<\/a><\/span><span style=\"font-weight:400;\"> for Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>July: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wipo.int\/web\/awards\/global\/index\" style=\"\">World Intellectual Property Organization (WIPO) Global Awards 2025<\/a><\/span><span style=\"font-weight:400;\"> awards ceremony, Geneva.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 July (Thursday): Deadline for companies with SAR 2.5 mn or more in 2022\/2023 revenues to integrate e-invoicing solutions with Fatoora. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29-30 July (Tuesday-Wednesday): Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-17 August (Tuesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fiba.basketball\/en\/events\/fiba-asiacup-2025-qualifiers\" style=\"\">Fiba Asian Cup<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 September (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/money2020middleeast.com\/\" style=\"\">Money 20\/20 Middle East<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-18 September (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 September (Tuesday): Saudi National Day.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 October (Tuesday-Wednesday): Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-9 November (Monday- Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtatennis.com\/tournament\/808\/wta-finals\/2025\/overview\" style=\"\">WTA Tour Finals<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 November (Monday-Wednesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">The World Advanced Manufacturing & Logistics Saudi Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Convention & Exhibition Centre, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27-30 November (Thursday-Sunday): The World Rally Championship (WRC), Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaea.org\/events\/epr2025\" style=\"\">International Conference on Nuclear Emergencies<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-13 December (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/redseafilmfest.com\/en\/\" style=\"\">Red Sea International Film Festval<\/a><\/span><span style=\"font-weight:400;\">, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>December: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fortune.com\/2024\/11\/15\/fortune-global-forum-2025-riyadh-saudi-arabia\/\" style=\"\">The Fortune Global Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">UN Trade and Development Global Supply Chain Forum <\/span><span style=\"font-weight:400;\">to take place in Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-12 February (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worlddefenseshow.com\/en\" style=\"\">World Defense Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-29 October (Monday-Thursday): World Energy Congress, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The World Water Forum <\/span><span style=\"font-weight:400;\">takes place in Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Ocean Race<\/span><span style=\"font-weight:400;\"> finishes in Amaala on the Red Sea.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Riyadh-Kudmi transmission line<\/span><span style=\"font-weight:400;\"> to be completed.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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