{"id":95512,"date":"2025-03-23T00:00:00","date_gmt":"2025-03-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=95512"},"modified":"2025-12-14T20:36:20","modified_gmt":"2025-12-14T20:36:20","slug":"aramco-reportedly-acquires-primax-expands-into-perus-fuel-market","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/","title":{"rendered":"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market"},"content":{"rendered":"<section id=\"95514\" 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=\"95514\">\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\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/\">\r\n                            THIS MORNING: Investors eyes minority stake in Arizona mine + Russia, Ukraine back to Riyadh for ceasefire talks                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Investors eyes minority stake in Arizona mine + Russia, Ukraine back to Riyadh for ceasefire talks&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/&title=Investors eyes minority stake in Arizona mine + Russia, Ukraine back to Riyadh for ceasefire talks\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Investors+eyes+minority+stake+in+Arizona+mine+%2B+Russia%2C+Ukraine+back+to+Riyadh+for+ceasefire+talks+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Finvestors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1784.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95515\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/investors-eyes-minority-stake-in-arizona-mine-russia-ukraine-back-to-riyadh-for-ceasefire-talks\/1784-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1784.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1784.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1784.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1784.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95514\" class=\"content-area-description single-story post-95514 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam-ksa tag-mining tag-russia tag-ukraine tag-us tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.ba12c82d-e1a8-4f53-98a9-383a9d82255d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning<\/strong>. EnterpriseAM Saudi is back in your inbox as we enter the last workweek of Ramadan, before welcoming back Eid Fitr (and the dearly-missed morning coffee).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In this calm morning\u2019s news well: <\/strong>We delve into media reports on Aramco\u2019s expansion into Peru\u2019s fuel market, and unpack our construction sector\u2019s performance in 2024 as well as forecasts for this year, according to latest data from JLL.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Fund managers ready to boost investments in Saudi stocks, per SNB Capital survey results. Meanwhile, Aramco and Siemens Energy launch the Kingdom\u2019s first Direct Air Capture test unit, and latest developments in Turkey as the arrest of main Erdogan challenger shakes the TRY, Borsa Istanbul 100. Let\u2019s dive in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>? When do we eat? <\/strong>Maghrib is at 6:05pm today in Riyadh. You\u2019ll have until fajr prayers at 4:35am tomorrow to enjoy suhoor.<\/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>Talks on<\/strong><strong> a Russia-Ukraine ceasefire will return to Jeddah today<\/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>) on Tuesday. 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 on Wednesday, 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>BUT-<\/strong><strong> Direct talks remain off the table<\/strong>: Zelenskiy said later that Ukraine will not sit down with Russia directly, and will instead rely on US-led \u201cshuttle diplomacy,\u201d to relay messages between the two sides, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/ukraines-zelenskiy-arrives-norway-2025-03-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing his speech in Norway. Kyiv is mapping out vital infrastructure assets in the energy, rail, and port sectors that could be safeguarded under a partial ceasefire arrangement.<\/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 unilateral <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<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>Riyadh is seeing cloudy skies today, while Makkah will be partly cloudy. Madinah is set for breezy winds.<\/p>\n<ul>\n<li>Riyadh: 23\u00b0C daytime \/ 17\u00b0C overnight<\/li>\n<li>Makkah: 30\u00b0C daytime \/ 15\u00b0C overnight<\/li>\n<li>Madinah: 27\u00b0C daytime \/ 12\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 TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Umm<\/strong><strong> Al-Qu<\/strong><strong>ra for Development and Reconstruction will ring the bell on the main market <\/strong><strong>Tadawul tomorrow<\/strong>, the stock exchange <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details?1dmy&urile=wcm:path:\/Tadawul_en\/SA-Tadawul\/SA-PricesAndIndeces\/SA-News\/SA-MarketNews\/CT-marketnews-2025-03-20-LISTING\" style=\"\" rel=\"noopener\">announced<\/a>. The company\u2019s shares are allowed to fluctuate within a \u00b130% band on the first three days of trading, with a static fluctuation band of \u00b110%. Starting from the fourth day, shares will be allowed to trade at \u00b110% as circuit breakers take effect, and the static fluctuation limit will be removed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> PIF-backed Umm Al Qura\u2019s institutional offering was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1ab94024-d6c2-4236-b556-a707b5f9e430\/%253cmark%253eumm-al-qura%253c%2Fmark%253e-for-development-prices-ipo-at-sar-15-%2B-derayah%25e2%2580%2599s-retail-offering-wraps-up\" style=\"\" rel=\"noopener\">241x oversubscribed<\/a>, with total orders hitting SAR 473 bn, pushing the firm to price its IPO at SAR 15 apiece \u2014 the top of its indicative price range. This gives the firm an estimated market cap of SAR 21 bn at the time of listing.<\/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>Compani<\/strong><strong>es must complete all commercial registration and trade names related <\/strong><strong>transactions<\/strong> <strong>before Thursday, 27 March<\/strong>, the Commerce Ministry said in a <a target=\"_blank\" href=\"https:\/\/x.com\/MCgovSA\/status\/1902684685840662599\" style=\"\" rel=\"noopener\">post on X<\/a>. The agency plans a week-long <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/afa4fac1-d299-49af-913d-61fe833666af\/world-expo-2030-bid-in-the-final-stage-%2B-a-hiring-dispute-behind-the-pif-pwc-row%3F\" style=\"\" rel=\"noopener\">freeze<\/a> on services until Thursday, 3 April, in preparation for the launch of the new Trade Names law.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Suspended services during that period will include <\/strong>modifications to commercial registries, amendment of contracts, reservation of trade names, and establishment of companies. During this period, only commercial reports, licenses for discounts, commercial franchise services, and commercial statements will be available.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae337b14-d396-4ec9-81e2-4ce2fa828fe4\/\" style=\"\" rel=\"noopener\">Trade Names Law<\/a> introduces a ban on duplicated trade names for businesses, even if they operate in different sectors or on different commercial activities. Businesses must confirm their details electronically each year, under the new law, and penalties are replaced with a system of \u201cwarnings and notices\u201d.<\/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>Comp<\/strong><strong>anies with annual<\/strong><strong> supplies exceeding SAR 40 mn have until 31 March to submit <\/strong><strong>their tax returns for February 2025 <\/strong>via Zatca\u2019s <a target=\"_blank\" href=\"http:\/\/zatca.gov.sa\" style=\"\" rel=\"noopener\">website<\/a> or mobile app, according to a <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1362.aspx\" style=\"\" rel=\"noopener\">statement<\/a> issued by the authority. Failure to meet the deadline will result in penalties ranging from 5% to 25% of the due tax.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The next round of e-invoicing kicks off: <\/strong>Companies that recorded more than SAR 1 mn in revenues subject to VAT in 2022, 2023, or 2024 will gradually integrate their e-invoicing solutions with Zatca\u2019s <a target=\"_blank\" href=\"https:\/\/fatooraonline.com\/\" style=\"\" rel=\"noopener\">Fatoora<\/a> platform by 31 December 2025, according to a <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1361.aspx\" style=\"\" rel=\"noopener\">separate statement<\/a>. The phase is the latest of an e-invoicing rollout that began in late 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> Saudi, Emirati investors<\/strong><strong> eyes minority stake in Arizona mine:<\/strong> PIF-backed Manara Minerals has been in talks since November to buy up to 30% of Canadian mining firm <a target=\"_blank\" href=\"https:\/\/www.hudbayminerals.com\/\" style=\"\" rel=\"noopener\">Hudbay Minerals<\/a> \u2019 flagship <a target=\"_blank\" href=\"https:\/\/hudbayminerals.com\/united-states\/default.aspx\" style=\"\" rel=\"noopener\">Copper World project<\/a> in Arizona within six months, Hudbay Minerals\u2019 CEO Peter Kukielski told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/hudbay-sees-saudi-uae-and-japanese-interest-in-us-copper-stake\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Thursday. Other Saudi, Emirati investors and Japanese trading houses are also vying for the stake, Kukielski said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The mine: <\/strong>The Copper World project mine spans over 257km with proven reserves of 319.4 mn tons as of 1 January 2024, according to Hudbay\u2019s <a target=\"_blank\" href=\"https:\/\/hudbayminerals.com\/united-states\/default.aspx\" style=\"\" rel=\"noopener\">website<\/a>. It is expected to produce 85k tons per year through its 20-year lifespan, according to Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>The Cap<\/strong><strong>ital Market Authority (CMA) g<\/strong><strong>reenlit five IPOs on Thursday:<\/strong><\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3758.aspx\" style=\"\" rel=\"noopener\">Dar Al Majed Real Estate Company<\/a><\/strong> will offer a 30% stake (90 mn shares) on the main market;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3756.aspx\" style=\"\" rel=\"noopener\">Sport Clubs Company<\/a><\/strong> will offer a 30% stake (34.3k shares) on the main market;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3759.aspx\" style=\"\" rel=\"noopener\">National Signage Industrial Company<\/a><\/strong> will offer a 20% stake (1.5 mn shares) on the parallel market, Nomu;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3761.aspx\" style=\"\" rel=\"noopener\">Hamad Mohammed Bin Saedan Real Estate<\/a><\/strong> will offer a 15% stake (4.2 mn shares) on Nomu;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3760.aspx\" style=\"\" rel=\"noopener\">Dome International Investment<\/a><\/strong> will offer a 14.53% stake (850k shares) on Nomu.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The CMA cleared Investment banking firm <a target=\"_blank\" href=\"https:\/\/www.twoatoms.sa\/\" style=\"\" rel=\"noopener\">TwoAtoms Capital<\/a> to operate and manage investments in securities after fulfilling all requirements, according to a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3755.aspx\" style=\"\" rel=\"noopener\">statement<\/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>Expect visits from government-trained mystery shoppers<\/strong>: The Kingdom rolled out a mystery shopping program to monitor businesses\u2019 compliance with consumer protection regulations, Executive Director of the Consumer Protection Association Ahmed Al Mehliki told Aleqtisadiah in an interview told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/03\/22\/article_2758868.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> in an interview yesterday. The findings will be used to assess and classify businesses under efforts to improve overall market transparency and service quality. No further details were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadaw<\/strong><strong>ul\u2019s<\/strong><strong> benchmark index TASI logged modest gains last week<\/strong>, edging up 0.29% to 11.76k points on Thursday, according to weekly market data. Trading was active with SAR 26.5 bn changing hands across 1.14 bn shares and 2.36 mn trades. The index\u2019s market cap remained <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9157a3d4-da37-48e1-8cd6-cfdd7af79f8f\/our-sovereign-sukuk-issuances-to-slow-down-in-2025-%2B-a-new-pif-funded-cricket-league-in-the-works%3F\" style=\"\" rel=\"noopener\">unchanged on a weekly basis<\/a> at SAR 9.6 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bullish: <\/strong>Entaj Foods \u2014 which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b3ed37d1-f491-4775-9143-c9d31ae7d820\/%253cmark%253eentaj-foods%253c%2Fmark%253e%25e2%2580%2599-share-price-jumps-30%2525-in-main-market-debut\" style=\"\" rel=\"noopener\">made its debut<\/a> on Tadawul last week \u2014 saw its share price rise 20% to SAR 60, followed by Retal (+13%) and Petro Rabigh (+11.5%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bearish:<\/strong> Saudi Paper Manufacturing\u2019s share price posted the steepest decline during the week, falling 12.4%, followed by ACIG (-10.9%) and Cenomi Retail (-8.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The num<\/strong><strong>ber of Umrah pilgrims rose<\/strong><strong> 31% y-o-y in 4Q 2024 to 7.4 mn<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1753.pdf\" style=\"\" rel=\"noopener\">data from<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1753.pdf\" style=\"\" rel=\"noopener\">Gastat (pdf)<\/a>. The quarter saw equal participation from male and female pilgrims, with the 30-39 age group accounting for 30%, while Saudis accounted for 4.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>Opec+ <\/strong><strong>plans deeper cuts to offset overproduction:<\/strong> The oil group has set a new plan for seven members to cut oil production beyond agreed limits to make up for previous overproduction, with monthly reductions ranging from 189k to 435k barrels per day (bbl \/ d) until June 2026, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7496.htm\" style=\"\" rel=\"noopener\">press release<\/a> from Opec. Iraq, Kazakhstan, and Russia are set to make the largest compensation cuts, while the Kingdom will make small cuts of 6k to 15k bbl \/ d over three months. The story also got ink from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-issues-new-plan-oil-cuts-compensate-overproduction-2025-03-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unplanned increase:<\/strong> The decision was made following <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/246317b6-0cb4-41d9-9f6a-879a6d0f3ab4\/consultancy-firms-reportedly-vying-to-fill-pwc-void-%2B-alpha-data-aims-to-triple-saudi-sales-by-next-year\" style=\"\" rel=\"noopener\">Kazakhstan\u2019s recent rise<\/a> in production which exceeded its Opec+ quota by 300k bbl \/ d, driven by Chevron\u2019s expansion at the country's largest oilfield Tengiz.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Opec+ <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f481ed2b-a929-4b6c-965c-048cfa7195e9\/arab-leaders-endorse-egypt%25e2%2580%2599s-usd-53-bn-reconstruction-plan-for-gaza\" style=\"\" rel=\"noopener\">agreed<\/a> to stick to plans to revive supply in April following repeated delays. The group cited \u201chealthy market fundamentals\u201d and a \u201cpositive outlook,\u201d but kept the door open for future changes in policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Green Falcons keep<\/strong><strong> the pace with Australia, both vying for direct qualification to the <\/strong><strong>2026 FIFA World Cup: <\/strong>Our men\u2019s national football team emerged on top at a home match against China last Thursday \u2014 courtesy of a goal by Salem Aldawsari in the 50th minute \u2014 while Australia defeated Indonesia five goals to one to remain in second place. These results see the Falcons one point behind the Socceroos and ten points behind group-leaders Japan, both currently holding qualifying spots for the next football world cup with nine points in play.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When and against who do we play next? <\/strong>The next round of fixtures kicks off 25 March. We will face Japan at the Saitama Stadium starting 01:30pm, while Australia and China will meet at Hangzhou Sports Park Stadium half-hour later.<\/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=\"wwtt4\"><\/a> <\/strong><strong>Al Lazeez relinquishes SPL position:<\/strong> The Saudi Pro League (SPL) accepted the resignation of Saad Al Lazeez from the positions of board vice chairman and recruitment program general supervisor, according to a <a target=\"_blank\" href=\"https:\/\/www.spl.com.sa\/ar\/news\/522203\/spl-accepts-saad-al-lazeez-resignation\" style=\"\" rel=\"noopener\">statement<\/a>. Al Lazeez was \u201cone of the [League\u2019s] most influential executives\u201d since joining in 2021, playing a central role in marquee signings and also helping <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/19deb409-a112-4273-a21e-1723b207e3bd\/%253cmark%253esaudi%253c%2Fmark%253e-club-spending-on-int%25e2%2580%2599l-transfers-slows-in-2024-%25e2%2580%2594-but-remains-the-highest-in-the-arab-region#:~:text=Targeting%20young%20talent%3A\" style=\"\" rel=\"noopener\">recalibrate the SPL\u2019s transfer policy<\/a> towards younger players, writes <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/athletic\/6215333\/2025\/03\/19\/saad-al-lazeez-saudi-pro-league\/?searchResultPosition=2\" style=\"\" rel=\"noopener\">the Athletic<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel threatens Gaza annexation if hostages remain in captivity:<\/strong> Israeli Defense Minister Israel Katz threatens that Israeli forces would begin seizing territory in Gaza, forcing civilians to evacuate more areas, unless Hamas releases remaining hostages. \u201cThe more Hamas continues its refusal to release the hostages, the more territory it will lose to Israel,\u201d Katz said on Friday. Hamas said that it is looking into a US proposal to mend the collapsed truce, but declared that any future potential agreements must lead to a permanent end to the war. This comes after Israeli forces <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd485180-2771-4681-9a99-07c30fa3b812\/\" style=\"\" rel=\"noopener\">restarted ground operations<\/a> in Gaza following the <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\">collapse of a two-month ceasefire<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-21\/israel-threatens-to-annex-gaza-land-as-court-suspends-firing-of-shin-bet-head?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/21\/world\/middleeast\/israel-hamas-gaza-hostages.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/mar\/21\/israel-katz-warns-hamas-gaza-annex-war\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/21\/middleeast\/hamas-weighs-latest-us-ceasefire-plan-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/clyj5vq4wnwo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-intensifying-gaza-strikes-press-hamas-into-freeing-hostages-defence-2025-03-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Israel-Hezbollah truce under pressure after cross-border fire: <\/strong>Israel launched multiple airstrikes on Hezbollah-controlled areas in southern Lebanon over the weekend, claiming retaliation for attacks fired from the Lebanese side of the border \u2014 strikes that Hezbollah has denied. The Israeli army \u201cstruck dozens of Hezbollah rocket launchers and a command center from which Hezbollah terrorists were operating in southern Lebanon,\u201d the IDF said in a post on <a target=\"_blank\" href=\"https:\/\/x.com\/IDF\/status\/1903411294356590623\" style=\"\" rel=\"noopener\">X<\/a>. The cross-border escalation marks the most significant breach of the four-month truce between Israel and Hezbollah. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-22\/israel-s-idf-says-will-respond-severely-to-fire-from-lebanon?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cn4ynpzk8d8o\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-war-news-03-22-2025-32ca8fa2c5f6e887e1d51b9ffea6f836\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-strikes-lebanon-response-cross-border-launch-2025-03-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/03\/22\/middleeast\/israel-hezbollah-lebanon-attacks-ceasefire-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER NEWS- <\/strong>Turkish authorities have extended a ban on demonstrations and imposed travel restrictions in and out of Istanbul in a bid to control protests that broke out following the detention of popular opposition figure and Istanbul Mayor Ekrem Imamoglu. Imamoglu \u2014 widely seen as President Recep Tayyip Erdogan\u2019s most formidable rival \u2014 was taken into custody last week on charges of corruption and terrorism, which he denies. <strong>We have more on what the move means for the Turkish market in the news well, below. <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/turkey-criticises-opposition-leaders-call-streets-over-mayors-detention-2025-03-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-22\/turkey-limits-travel-in-and-out-of-istanbul-to-curb-protests?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/22\/world\/middleeast\/turkey-erdogan-democracy-istanbul-mayor-detention.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c0egjvj8vdro\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/turkey-mayor-arrested-opposition-call-protests-25c3394e17cddf97ca08ad4bd9db2742\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/03\/21\/middleeast\/turkey-protests-erdogan-mayor-intl-latam\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mexico\u2019s Saul \u201cCanelo\u201d Alvarez will make his <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dazn.com\/en-US\/news\/boxing\/canelo-alvarez-vs-william-scull-fight-time-ringwalks-running-order-streaming-watch\/e9f34ppx1yzc1e2hw18lzsdgg\" style=\"\" rel=\"noopener\">debut<\/a><\/strong><strong> in the Kingdom as he faces Cuba\u2019s <\/strong><strong>William Scull on Saturday<\/strong>, <strong>3 May <\/strong>at Riyadh\u2019s ANB Arena for the IBF super middleweight title as part of Riyadh Season. A win for Canelo sets the stage for a potential September Superfight against Terence Crawford in Las Vegas, according to <a target=\"_blank\" href=\"https:\/\/queensberry.co.uk\/blogs\/queensberry-promotions-blog\/fatal-fury-canelo-vs-scull\" style=\"\" rel=\"noopener\">Queensberry<\/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\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ukraine\/\">Ukraine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/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=\"95516\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15542.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95517\" 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=\"95517\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\">\r\n                            Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/')\">\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\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\">\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\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/&title=Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Aramco+reportedly+acquires+Primax%2C+expands+into+Peru%E2%80%99s+fuel+market+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Faramco-reportedly-acquires-primax-expands-into-perus-fuel-market%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\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1782.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95518\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/1782-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1782.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1782.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1782.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1782.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95517\" class=\"content-area-description single-story post-95517 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-aramco tag-enterpriseam-ksa tag-ma-watch tag-primax 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\/.ca96402e-af44-41f2-a1d6-4aea480ee925.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Aramc<\/strong><strong>o buys Peruvian fuel distributor Primax<\/strong><strong>:<\/strong> State-owned energy giant Aramco reportedly acquired Peru\u2019s downstream fuel distributor <a target=\"_blank\" href=\"https:\/\/primax.com.pe\/\" style=\"\" rel=\"noopener\">Primax<\/a>, in a transaction that included a payment of USD 3.5 bn, Peruvian financial newspaper <a target=\"_blank\" href=\"https:\/\/gestion.pe\/economia\/empresas\/primax-con-nuevo-dueno-el-millonario-monto-que-pagaron-por-el-negocio-del-grupo-romero-grifos-empresas-fusiones-y-adquisiciones-estaciones-de-servicio-noticia\/\" style=\"\" rel=\"noopener\">Gesti\u00f3n<\/a> reported last Friday, citing sources it says are in the know. This story got ink in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/saudi-aramco-buys-fuel-distributor-primax-peruvian-media-reports-2025-03-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we don\u2019t know: <\/strong>Specific details on the ownership stake acquired and the expected timeline to finalize the acquisition \u2014 which was reportedly closed last week \u2014 were not disclosed. Aramco and Primax did not confirm the reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not new to Peru:<\/strong> Aramco holds a 17.2% indirect stake in <a target=\"_blank\" href=\"https:\/\/perulng.com\/en\/\" style=\"\" rel=\"noopener\">Peru LNG<\/a> after increasing its ownership in EIG\u2019s <a target=\"_blank\" href=\"https:\/\/midoceanenergy.com\/\" style=\"\" rel=\"noopener\">MidOcean Energy<\/a> to 49% in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/66f5babf-d6f3-405c-8ffa-b10d1d799c08\/aramco-expands-its-foothold-in-south-america%25e2%2580%2599s-lng-market\" style=\"\" rel=\"noopener\">September of last year<\/a>. The increase move came alongside Aramco financing MidOcean Energy\u2019s acquisition of an additional 15% stake in LNG from Texas\u2019 <a target=\"_blank\" href=\"https:\/\/huntoil.com\/\" style=\"\" rel=\"noopener\">Hunt Oil Company<\/a>, raising its total stake to 35%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Primax: <\/strong>Established in 2005 and owned by Peruvian conglomerate Grupo Romero, Primax has 2.2k stations in Peru, Colombia, and Ecuador. The company expanded through acquisitions that included Shell and Repsol's assets in Ecuador, Pecsa\u2019s assets in Peru, and ExxonMobil's fuel business in Colombia.<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/primax\/\">Primax<\/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=\"95519\" 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=\"95519\">\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\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/\">\r\n                            Al Othaim Investment secures SAR 3.1 bn shariah-compliant funding from SNB                        <\/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\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/\" 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\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/')\">\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\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/\">\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=Al Othaim Investment secures SAR 3.1 bn shariah-compliant facility from SNB&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/\">\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\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/&title=Al Othaim Investment secures SAR 3.1 bn shariah-compliant facility from SNB\">\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=Al+Othaim+Investment+secures+SAR+3.1+bn+shariah-compliant+facility+from+SNB+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Fal-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb%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\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1780.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95520\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/al-othaim-investment-secures-sar-3-1-bn-shariah-compliant-facility-from-snb\/1780-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1780.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1780.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1780.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1780.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95519\" class=\"content-area-description single-story post-95519 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-abdullah-al-othaim-investment tag-debt-watch tag-enterpriseam-ksa tag-saudi-national-bank-snb 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\/.c62c71f9-e2c3-4dbb-a0b9-99e45b584308.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Al Othai<\/strong><strong>m lands SAR 3.06 bn facility:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.alothaiminvestment.com\" style=\"\" rel=\"noopener\">Abdullah Al Othaim Investment Company<\/a> secured a SAR 3.06 bn shariah-compliant credit facility from the Saudi National Bank (SNB), according to a <a target=\"_blank\" href=\"https:\/\/www.alothaiminvestment.com\/mediacenter\/othaim-investment-company-obtains-financing-exceeding-sar-3-billion\" style=\"\" rel=\"noopener\">statement<\/a> from Al Othaim on Wednesday. Further details were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the money go? <\/strong>The funding will from SNB will help in \u201csupporting the company's expansion plans, financing its diversified projects, and enhancing its strategic assets,\u201d the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Al Othaim Investment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/687d1911-0075-4f77-bbb7-3c52962bc086\/al%253cmark%253e-othaim%253c%2Fmark%253e-investment-names-bander-albohiry-as-ceo\" style=\"\" rel=\"noopener\">tapped<\/a> Bander Albohiry (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/bander-albohiry-47774025\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new CEO and Managing Director last month.<\/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\/abdullah-al-othaim-investment\/\">Abdullah Al Othaim Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-national-bank-snb\/\">Saudi National Bank (SNB)<\/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=\"95521 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=\"95521\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/95521\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95521\" class=\"content-area-description single-story post-95521 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=\"95522\" 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=\"95522\">\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\">CONSTRUCTION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/\">\r\n                            Construction contracts hit USD 29.5 bn in 2024, with the Kingdom leading in upcoming projects -JLL                        <\/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\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/\" 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\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/')\">\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\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/\">\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=Construction contracts hit USD 29.5 bn in 2024, with the Kingdom leading in upcoming projects -JLL&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/\">\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\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/&title=Construction contracts hit USD 29.5 bn in 2024, with the Kingdom leading in upcoming projects -JLL\">\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=Construction+contracts+hit+USD+29.5+bn+in+2024%2C+with+the+Kingdom+leading+in+upcoming+projects+-JLL+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Fconstruction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll%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\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/420.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95523\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/construction-contracts-hit-usd-29-5-bn-in-2024-with-the-kingdom-leading-in-upcoming-projects-jll\/420-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/420.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"420.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/420.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/420.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95522\" class=\"content-area-description single-story post-95522 post type-post status-publish format-standard has-post-thumbnail hentry category-construction tag-construction tag-enterpriseam-ksa tag-infrastructure tag-investment tag-logistics tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.46d7f4af-6d82-4fce-a0d5-98cf5bdf7358.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Saudi snapped up <\/strong><strong>32.7%<\/strong><strong> of the Middle East and Africa\u2019s (Mea) awarded construction <\/strong><strong>contracts in 2024<\/strong>, amounting to USD 29.5 bn, according to JLL\u2019s latest Middle East and Africa Market Review and Outlook <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1746.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>, citing MEED Projects. The Kingdom came second only to the UAE at USD 40.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The share was driven by a strong performance in the residential sector (USD 7.9 bn), followed by hospitality and large-scale infrastructure projects. The Kingdom experienced a moderate increase in construction despite rising construction costs across the region amid expectations of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8c1afc33-fa65-46db-a91f-fc987bc63eaa\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030\" style=\"\" rel=\"noopener\">stable demand in anticipation of major upcoming events<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re leading in the pipeline: <\/strong>The report put the Kingdom first in terms of upcoming construction projects, accounting for 45.6% of projects in the pipeline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lower interest rates and stabilizing commodity prices may improve market conditions this year<\/strong>, JLL said. The annual tender price inflation (TPI) for the Kingdom remained stable at an average 6% in 2024, with the report expecting it to remain within a 2% fluctuation in 2025. However, demand pressures from gigaprojects may offset benefits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R<\/strong><strong>EGIONALLY- Total construction contract awards across the Mea region fell 20.2% y-o-y <\/strong><strong>in 2024 to USD 90 bn. <\/strong>The UAE led comfortably with 45% of awarded contracts, followed by Saudi Arabia, while Egypt and South Africa accounted for 6.8% and 4%, respectively.<\/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\">OUTLOOK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Mea region construction market is supported by a robust <\/strong><strong>USD 1.9 tn<\/strong><strong> project pipeline<\/strong>, according to Meed Projects and StatsSA. Lower interest rates and stabilizing commodity prices are expected to encourage investment in 2025, with developers focusing on high-quality, institutional-grade assets, JLL noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our real estate sector projections in 2025:<\/strong><\/p>\n<ul>\n<li><strong>Residential<\/strong><strong>: <\/strong>Riyadh is expected to add 28.9k units, while Jeddah will add 11.8k units and Dammam Metropolitan Area will add 6.6k units, with demand putting pressure on supply and rent rates;<\/li>\n<li><strong>Hospitality<\/strong><strong>: <\/strong>Riyadh will add 2.3k hotel keys, while Jeddah is to add 3.5k, and Dammam 644;<\/li>\n<li><strong>Offices<\/strong><strong>:<\/strong> Riyadh is set to open 888.6k sqm in office space, while Jeddah, and Dammam are expected to open 72.6k sqm and 175k sqm, respectively;<\/li>\n<li><strong>Retail<\/strong><strong>:<\/strong> Riyadh will add 283.1k sqm in retail space, while Jeddah is set to add 637.8k sqm, and Dammam is to add 115.3k sqm.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LOOKING AHEAD- <\/strong>In 2025, limited cross-sectoral supply is projected to drive construction market performance, while infrastructure projects will drive development and boost private sector participation across the region. Alternative assets, like last-mile logistics and data centers, are emerging as a core facet of real estate developments.<\/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\/construction\/\">Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment\/\">Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95524\" 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=\"95524\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/\">\r\n                            Fund managers ready to boost investments in Saudi stocks -SNB Capital                        <\/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\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/\" 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\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/')\">\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\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/\">\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=Fund managers ready to boost investments in Saudi stocks -SNB Capital&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/\">\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\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/&title=Fund managers ready to boost investments in Saudi stocks -SNB Capital\">\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=Fund+managers+ready+to+boost+investments+in+Saudi+stocks+-SNB+Capital+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Ffund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital%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\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/180.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95525\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/fund-managers-ready-to-boost-investments-in-saudi-stocks-snb-capital\/180-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/180.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"180.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/180.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/180.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95524\" class=\"content-area-description single-story post-95524 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseam-ksa tag-snb-capital 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\/.52fc7ee4-6824-4412-9d89-638e07896b3a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Fund<\/strong><strong> manager<\/strong><strong>s ready to allocate investments to Saudi stocks:<\/strong> Half of the fund managers who participated in a survey conducted by SNB Capital plan to increase their exposure to Saudi stocks despite maintaining a \"neutral\" outlook for the market in 1Q 2025, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/economy\/2025\/03\/18\/%D9%85%D8%AF%D8%B1%D8%A7%D8%A1-%D8%B5%D9%86%D8%A7%D8%AF%D9%8A%D9%82-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D9%8A%D9%86-65-70-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7-%D9%84%D9%84%D8%A8%D8%B1%D9%85%D9%8A%D9%84-%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reported on Tuesday. Meanwhile, 18% of managers plan to reduce their Saudi stock exposure, up from 8% of participants in the last quarter of the previous year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Value stocks benefited from recent market declines: <\/strong>Value stocks, which trade at attractive valuations, have benefited from the market declines recorded since the beginning of this year, Iyad Ghulam, head of equity research at SNB Capital, told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/special-stories\/2025\/03\/18\/-snb-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%85%D8%AF%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%A3%D8%B5%D9%88%D9%84-%D8%A3%D8%B5%D8%A8%D8%AD%D9%88%D8%A7-%D8%A3%D9%83%D8%AB%D8%B1-%D8%A7%D8%AD%D8%AA%D9%81%D8%A7%D8%B8%D8%A7-%D8%A8%D8%A7%D9%84%D8%B3%D9%8A%D9%88%D9%84%D8%A9-%D9%81%D9%8A-%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D9%87%D9%85\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. However, fund managers believe that corporate earnings will see single-digit percentage growth this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A third of those surveyed think the Saudi market is below its fair value: <\/strong>29% of fund managers believe the local market is undervalued, while 10% consider the market overvalued, a drop 19% in 4Q 2024, according to Al Arabiya.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The majority, however, believe the market is fairly valued: <\/strong>The percentage of fund managers who maintain a neutral stance on the market, considering it fairly valued, stood at 60%, compared to 50% in the previous quarter, Ghulam noted. Meanwhile, optimistic views on the market declined to 23% this quarter from 41% in 4Q 2024, while pessimistic views rose to 32% from 16%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market outlook: <\/strong>Fund managers expect oil prices ranging between USD 65 and USD 69.9 per barrel to be the primary market driver this year. However, Ghulam pointed out that this is not a new factor, as oil has been the key market driver in the last five surveys conducted by the company. Other factors influencing the market include trade wars involving tariffs and weaker-than-expected corporate earnings results in 4Q 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There is strong optimism among fund managers about the banking and technology <\/strong><strong>sectors<\/strong>, with them favoring IPOs in the technology sector. However, outlook on the construction sector shifted to neutral this quarter, from optimistic in 4Q 2024. Pessimism has dominated the petrochemicals sector, with the percentage of fund managers viewing it as unfavorable rising to its highest level in two years at over 61%, Ghulam added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about Nomu?<\/strong> Some 39% of asset managers who participated in the survey are looking to increase their investments in the parallel market, down from 50% last year, while 58% of managers have maintained their level of interest. Managers believe the software and technology sectors are the most attractive in Nomu.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/snb-capital\/\">SNB Capital<\/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=\"95526\" 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=\"95526\">\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\">AVIATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/\">\r\n                            Saudia, King Abdulaziz Airport report lowest complaint rates in February -Gaca                        <\/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\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/\" 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\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/')\">\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\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/\">\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=Saudia, King Abdulaziz Airport report lowest complaint rates in February -Gaca&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/\">\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\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/&title=Saudia, King Abdulaziz Airport report lowest complaint rates in February -Gaca\">\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=Saudia%2C+King+Abdulaziz+Airport+report+lowest+complaint+rates+in+February+-Gaca+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Fsaudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca%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\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1741.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95527\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/saudia-king-abdulaziz-airport-report-lowest-complaint-rates-in-february-gaca\/1741-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1741.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1741.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1741.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1741.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95526\" class=\"content-area-description single-story post-95526 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-enterpriseam-ksa tag-flyadeal tag-flynas tag-general-authority-of-civil-aviation-gaca tag-king-abdulaziz-international-airport tag-prince-mohammed-international-airport tag-saudia 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\/.ecede619-5921-47d9-8299-6ff698e74e68.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Air carrie<\/strong><strong>r complaints rose 15.6% y-o-y in February 2025 to around 1.2k<\/strong>, up from 1k in the same period last year, according to our calculations based on a <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1902847494742024675\" style=\"\" rel=\"noopener\">report<\/a> from the General Authority of Civil Aviation (Gaca). Meanwhile, airport complaints rose 22.6% y-o-y last month to 103.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudia Airlines had the lowest rate of complaints per 100k passengers in February<\/strong>, with 20 complaints \u2014 compared to last year\u2019s 11. Flynas followed with 25 complaints per 100k passengers, up from 10 last year. The highest complaints ratio was recorded by Flyadeal, with 31 complaints per 100k passengers, an increase from 13 last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For international airports handling over 6 mn passengers annually, King Abdulaziz <\/strong><strong>International Airport had the lowest complaint rate<\/strong> at 0.4 per 100k passengers. King Khaled International Airport and Prince Mohammed International Airport each recorded 1 complaint per 100k passengers, while King Fahad International Airport reported 2 complaints per 100k passengers. Prince Mohammed International Airport had the lowest actual number of complaints in February at only 9.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For airports handling less than 6 mn annually<\/strong>, Prince Sultan International Airport, Najran International Airport, Al Jouf Airport, and Taif International Airport tied for the lowest rate at 2 complaints per 100k passengers, while Al Qaisumah and Al Ula International Airports recorded the highest rate at 8 complaints per 100k passengers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among domestic airports<\/strong>, Arar Airport had 3 complaints per 100k passengers, while Rafha Airport recorded the highest rate at 14 per 100k passengers, both at 1 actual complaint.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Always on time:<\/strong> All airports achieved a 100% on-time complaint resolution rate.<\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/flyadeal\/\">Flyadeal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/flynas\/\">flynas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/general-authority-of-civil-aviation-gaca\/\">General Authority of Civil Aviation (GACA)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/king-abdulaziz-international-airport\/\">King Abdulaziz International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/prince-mohammed-international-airport\/\">Prince Mohammed International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudia\/\">Saudia<\/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=\"95528\" 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=\"95528\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/\">\r\n                            Abeer Al Akel is now CEO of Royal Commission for AlUla                        <\/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\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/\" 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\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/')\">\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\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/\">\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=Abeer Al Akel is now CEO of Royal Commision for AlUla&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/\">\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\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/&title=Abeer Al Akel is now CEO of Royal Commision for AlUla\">\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=Abeer+Al+Akel+is+now+CEO+of+Royal+Commision+for+AlUla+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Fabeer-al-akel-is-now-ceo-of-royal-commision-for-alula%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\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1778.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95529\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/abeer-al-akel-is-now-ceo-of-royal-commision-for-alula\/1778-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1778.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1778.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1778.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1778.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95528\" class=\"content-area-description single-story post-95528 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-ksa tag-moves tag-pwc tag-royal-commission-for-alula 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\/.a35bf64d-11ad-4045-985e-6fe3c46f74e0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Roy<\/strong><strong>al Commission for A<\/strong><strong>lUla (RCU) <\/strong>tapped<strong> Abeer Al Akel <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/abeermalakel\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new <strong>CEO<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/RCU_SA\/status\/1903152120037011693\" style=\"\" rel=\"noopener\">post on X<\/a>. Al Akel, who previously held managerial positions at Saudi Awwal Bank and PwC, served as acting CEO at the RCU for a one-year stint prior to her permanent appointment.<\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pwc\/\">PwC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/royal-commission-for-alula\/\">Royal Commission for AlUla<\/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=\"95530\" 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=\"95530\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/more-and-more-earnings-3\/\">\r\n                            More and more earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/more-and-more-earnings-3\/\" 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\/23\/more-and-more-earnings-3\/')\">\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\/23\/more-and-more-earnings-3\/\">\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=More and more earnings&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/more-and-more-earnings-3\/\">\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\/23\/more-and-more-earnings-3\/&title=More and more earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+and+more+earnings+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Fmore-and-more-earnings-3%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\/23\/more-and-more-earnings-3\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95531\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/more-and-more-earnings-3\/1268-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1268.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1268.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95530\" class=\"content-area-description single-story post-95530 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-al-taiseer-group-talco tag-earnings-watch tag-enterpriseam-ksa tag-gulf-general-cooperative-ins-ggi tag-saudi-industrial-investment-group-siig tag-saudi-printing-and-packaging-sppc tag-zahrat-al-waha-for-trading 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\/.5137ece2-b2d6-4ce0-b181-1549ef4b25c4.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\">GULF GENERAL COOPERATIVE INS.-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Gulf General Co<\/strong><strong>operative Ins<\/strong><strong>. (GGI) posted a net loss of SAR 94.2 mn in FY 2024<\/strong>, down from a net income of 3.5 mn the year prior, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85898&anCat=1&cs=8260&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company attributed the decline to a SAR 50.1 mn rise in ins. service losses, a 54.4% increase in ins. service expenses, and a goodwill impairment of SAR 36.2 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cause for concern?<\/strong> GGI\u2019s accumulated losses (SAR 138 mn) have reached 46% of capital, which \u201cmay cast significant doubt on the company\u2019s ability to continue,\u201d according to external auditors. The Ins. Authority also <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85904&anCat=1&cs=8260&locale=en\" style=\"\" rel=\"noopener\">notified<\/a> GGI on Thursday that its current solvency margin does not meet the minimum regulatory margin of 35%. The company must submit a corrective action plan within three working days, according to the notice.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> The company\u2019s ins. revenues increased 31.3% y-o-y to SAR 414.4 mn, driven by business growth and expansion in the car ins. segment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>GGI inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/17714326-b859-49c3-bc9e-b45f45b821fe\/modern-mills-to-set-up-sar-150-mn-animal-feed-factory\" style=\"\" rel=\"noopener\">binding merger agreement<\/a> with Gulf Union Al Ahlia Cooperative Ins. (GUAI), under which all of GGI\u2019s rights, liabilities, assets, and contracts will transfer to GUAI. In exchange, GUAI will issue 22.8 mn shares at a nominal value of SAR 10 each to GGI\u2019s shareholders. The move received approval from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2d58910d-22f3-43eb-8a5b-05a07ab368f5\/it%25e2%2580%2599s-qatar%25e2%2580%2599s-turn-to-stake-its-claim-in-global-finance\" style=\"\" rel=\"noopener\">CMA<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0f36b036-137c-418c-b02b-ccb9768a3edb\/saudi-to-get-its-first-locally-constructed-offshore-rig\" style=\"\" rel=\"noopener\">Ins. Authority<\/a> approval, though it is still pending approval from GUAI\u2019s shareholders.<\/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\">TALCO-<\/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:\/\/altaiseer.com\/en\/\" style=\"\" rel=\"noopener\">Al Taiseer<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/altaiseer.com\/en\/\" style=\"\" rel=\"noopener\">Group<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/altaiseer.com\/en\/\" style=\"\" rel=\"noopener\">Talco Industrial Co.<\/a><\/strong><strong> saw its net income increase 3.1% y-o-y to <\/strong><strong>SAR 82.7 <\/strong><strong>mn in FY 2024<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85906&anCat=1&cs=4143&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenue grew 4.2% y-o-y to SAR 706.5 mn during the year, driven by increased sales volume across its aluminum and paint 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\">SIIG-<\/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:\/\/siig.com.sa\" style=\"\" rel=\"noopener\">Saudi Indu<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/siig.com.sa\" style=\"\" rel=\"noopener\">strial Investment Group (SIIG)<\/a><\/strong><strong> reported a 79.5% y-o-y increase in net income to <\/strong><strong>SAR 201 mn in FY 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85905&anCat=1&cs=2250&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The growth was mainly driven by SIIG\u2019s share of profits from JV investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>SIIG\u2019s board recommended buying back up to 11 mn shares, whereby 10 mn will be held as treasury shares and 1 mn will be allocated to the employee long-term incentive program, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85900&anCat=1&cs=2250&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The purchase will be financed through the company\u2019s internal resources and is subject to shareholders approval.<\/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\">SPPC-<\/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:\/\/sppc.com.sa\/\" style=\"\" rel=\"noopener\">Saudi Printing<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sppc.com.sa\/\" style=\"\" rel=\"noopener\">and Packaging Company<\/a><\/strong><strong>\u2019s (SPPC) net<\/strong><strong> losses widened to SAR 219.4 mn in FY <\/strong><strong>2024<\/strong>, compared to SAR 132.3 mn in 2023, on the back of falling sales, provisions made for credit losses in trade receivables, and impairment in fixed assets, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85903&anCat=1&cs=4270&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong>The company\u2019s revenue declined 7.4% y-o-y to SAR 721.2 mn over the same period, driven by lagging performance in the printing and packaging segments due to reduced printing activity and failure to secure some of the planned projects in the packaging sector during the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ZAHRAT AL WAHA-<\/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:\/\/zaoasis.com\/\" style=\"\" rel=\"noopener\">Zahrat Al Wa<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/zaoasis.com\/\" style=\"\" rel=\"noopener\">ha for Trading<\/a><\/strong><strong> reported a 64.3% y-o-y decline in net income to <\/strong><strong>SAR 12.1 mn in FY 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85892&anCat=1&cs=3007&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenue fell 4.9% y-o-y to SAR 544.7 mn during the same period on the back of lower sales in the preform segment amid shifting market demand and a decline in selling prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The company\u2019s board recommended distributing SAR 10.1 mn in dividends for FY 2024 at SAR 0.45 per share, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85894&anCat=1&cs=3007&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\/al-taiseer-group-talco\/\">Al Taiseer Group (Talco)<\/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\/gulf-general-cooperative-ins-ggi\/\">Gulf General Cooperative Ins. (GGI)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-industrial-investment-group-siig\/\">Saudi Industrial Investment Group (SIIG)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-printing-and-packaging-sppc\/\">Saudi Printing and Packaging (SPPC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zahrat-al-waha-for-trading\/\">Zahrat Al Waha for Trading<\/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=\"95532\" 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=\"95532\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/\">\r\n                            Aramco, Siemens Energy launch the Kingdom\u2019s first Direct Air Capture test unit                        <\/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\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/\" 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\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/')\">\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\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Aramco, Siemens Energy launch the Kingdom\u2019s first Direct Air Capture test unit&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/\">\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\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/&title=Aramco, Siemens Energy launch the Kingdom\u2019s first Direct Air Capture test unit\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Aramco%2C+Siemens+Energy+launch+the+Kingdom%E2%80%99s+first+Direct+Air+Capture+test+unit+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Faramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit%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\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1786.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95533\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/aramco-siemens-energy-launch-the-kingdoms-first-direct-air-capture-test-unit\/1786-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1786.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1786.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1786.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1786.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95532\" class=\"content-area-description single-story post-95532 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aramco tag-enterpriseam-ksa tag-furas tag-jabal-omar-development tag-opec tag-siemens-energy tag-western-union 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\/.1504f47f-874c-43c4-99da-f6914ce88957.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>Aramco<\/strong> <strong>and Siemens Energy launched Saudi Arabia\u2019s first Direct Air <\/strong><strong>Capture (DAC) test unit<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2025\/saudi-aramco-launches-the-first-direct-air-capture-and-carbon-dioxide\" style=\"\" rel=\"noopener\">press release<\/a> on Thursday. Aramco will use the pilot facility \u2013 which can remove 12 tons of carbon dioxide from the atmosphere annually \u2013 to test new CO2 capture technologies against Saudi Arabia\u2019s climate and to reduce DAC implementation costs in the region. The companies also plan to scale up the technology to eventually establish larger DAC facilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco is going all in on carbon capture: <\/strong>Aramco <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/77852bf2-efaf-439b-aaee-758e33f1ba2e\" style=\"\" rel=\"noopener\">reportedly awarded<\/a> Indian energy company Larsen & Toubro's (L&T) Energy Hydrocarbon division the engineering, procurement, and construction (EPC) contract for the first phase of its USD 1.5 bn carbon capture and storage hub in Jubail that would store up to 9 mn tons of CO2 a year by 2027 or 2028.<\/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>Tadawul<\/strong><strong> e<\/strong><strong>xtended trading<\/strong><strong> hours for negotiated transactions by introducing three <\/strong><strong>additional sessions<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/vZLLcoIwFIZfxS66zOTINSzTG-pgFRGUbJgMxJYWAiqVPn6jdlEdL50umtX5M__JuXzBDM8xk3yTv_AmryQvlI6ZlZjUAq1HYOROvS74ke2RyJ92oW_gCDPMiirlhcCxkFtVp3mGY90QC8sgNjKJQ5BhmwbiqeEgYmjCcZzMFMLYulPZ1M0rjhue8fajSIS8hTVH33IX16s8FWsus1xmQkW7SynafVDy1bto9jJtfkgks47oaIB0pIFm4tnhLGToWuA_U3-k2Sa4EWB2edSjfAjGJvhP46HuwQRcsH6XD2cOvVo_UOuN1Rv2WRNVRTa5aHEoq1Wp8AXbDc_uh4kfPk5U7p9B9QAPrvWn_kr-tlwyqqBWshGfDZ7_B1V22NiIOrbiMrhz-x7ViWUfG06APzScILszXEBXlyXRSxSG87ad9srkwVsE_ZzefAGTnzg9\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The pre-opening auction session will allow for negotiated transactions to take place before the opening auction, running between 5 and 9:15 am. The market closed session permits transactions after market close during regular trading days, with slots from 3 to 4 pm for debt instruments and ETFs and slots from 3:20 to 4 pm for listed equities, CEFs, and REITs. The post-market closed session runs for a four-hour period starting at 4 pm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The requirements: <\/strong>Both pre-opening auction and post-market closed sessions are enabled upon a formal request from the lead manager or transaction coordinator to Tadawul.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jabal Om<\/strong><strong>ar <\/strong><strong>finalized a SAR 1.14 bn land sale to support project financing: <\/strong><a target=\"_blank\" href=\"https:\/\/jabalomar.com.sa\/en\/home\/\" style=\"\" rel=\"noopener\">Jabal Omar<\/a><a target=\"_blank\" href=\"https:\/\/jabalomar.com.sa\/en\/home\/\" style=\"\" rel=\"noopener\">Development<\/a> sold a 6k sqm land plot in Makkah to <a target=\"_blank\" href=\"https:\/\/www.azharhco.com\/\" style=\"\" rel=\"noopener\">Azhar Company<\/a> for SAR 1.14 bn, it said in a <a target=\"_blank\" href=\"https:\/\/jabalomar.com.sa\/%d8%ac%d8%a8%d9%84-%d8%b9%d9%85%d8%b1-%d8%aa%d8%a8%d9%8a%d8%b9-%d9%82%d8%b7%d8%b9%d8%a9-%d8%a3%d8%b1%d8%b6-%d8%a7%d8%b3%d8%aa%d8%b1%d8%a7%d8%aa%d9%8a%d8%ac%d9%8a%d8%a9-%d8%a8%d9%85%d9%83%d8%a9-%d9%84\/\" style=\"\" rel=\"noopener\">press release<\/a> and a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85911&anCat=1&cs=4250&locale=en\" style=\"\" rel=\"noopener\">filing to the exchange<\/a>. The sale of the land, with a book value of SAR 255.9 mn, will help the company reduce its debt obligations and finance its existing projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong><a target=\"_blank\" href=\"https:\/\/www.ladun.sa\/\" style=\"\" rel=\"noopener\">Ladun Investment<\/a> and Musharaka Capital were planning to set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a46066cd-5056-4abb-aa02-2ff1906b404f\/%253cmark%253e%253c%2Fmark%253eladun%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253emusharaka%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elaunch%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esar%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e525%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ereal%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eestate%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efund%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">SAR 525 mn real<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a46066cd-5056-4abb-aa02-2ff1906b404f\/%253cmark%253e%253c%2Fmark%253eladun%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253emusharaka%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elaunch%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esar%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e525%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ereal%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eestate%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efund%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">estate development fund<\/a> to finance a SAR 1.5 bn real estate project at the Jabal Omar development in Makkah focused on the development of a residential and hotel tower.<\/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\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US clears US<\/strong><strong>D 100 mn arms sale to Saudi Arabia:<\/strong> The US State Department approved a potential USD 100 mn sale of advanced precision kill weapon system (APKWS) to Saudi Arabia, according to a <a target=\"_blank\" href=\"https:\/\/www.dsca.mil\/sites\/default\/files\/mas\/Press%20Release%20-%20Kingdom%20of%20Saudi%20Arabia%2024-124%20CN.pdf\" style=\"\" rel=\"noopener\">notification to Congress<\/a>. The potential sale includes 2k laser-guided rockets designed to target airborne and surface threats, with BAE Systems as the main contractor. No formal contract has been signed yet. The story also got ink from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-approves-precision-rocket-sale-saudi-arabia-amid-houthi-conflict-2025-03-20\/\" style=\"\" rel=\"noopener\">Reuters<\/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\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fintech <\/strong><strong>startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/barq.com\/\" style=\"\" rel=\"noopener\">Barq<\/a><\/strong><strong> partne<\/strong><strong>red with Western Union to enable international money <\/strong><strong>transfers through the Barq app<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2594440\/corporate-and-sponsored-content\" style=\"\" rel=\"noopener\">press release<\/a>. The move is meant to provide \u201ceasy, fast, and secure international remittance services to millions of users,\u201d according to Barq\u2019s chairman Faisal Al Khamisi.<\/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\">INVESTMENT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Riyadh Municipality is<\/strong><strong> tendering over 20 sites for investment, spanning 175k sqm <\/strong><strong>through the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/furas.momah.gov.sa\/ar\" style=\"\" rel=\"noopener\">Furas<\/a><\/strong> <strong> online platform in 2025<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2286167\" style=\"\" rel=\"noopener\">SPA reports<\/a>. The projects include commercial, residential, and industrial activities \u2014 such as sports clubs, cafes, and ATMs. More details are available <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1747.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/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\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Flagship carrier Saudia resumed its regular flights to and from Heathrow Airport <\/strong><strong>yesterday <\/strong>and will deploy aircrafts with larger seating capacity, it said in <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiaGroup\/status\/1903165121821630678\" style=\"\" rel=\"noopener\">post on X<\/a>. This follows an earlier suspension of flight due to a power outage at the airport caused by a substation fire.<\/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\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/furas\/\">Furas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jabal-omar-development\/\">Jabal Omar Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/siemens-energy\/\">Siemens Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/western-union\/\">Western Union<\/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=\"95534\" 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=\"95534\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/\">\r\n                            Arrest of main Erdogan challenger shakes the TRY, Borsa Istanbul 100                        <\/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\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/\" 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\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/')\">\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\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/\">\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=Arrest of main Erdogan challenger shakes the TRY, Borsa Istanbul 100&url=https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/\">\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\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/&title=Arrest of main Erdogan challenger shakes the TRY, Borsa Istanbul 100\">\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=Arrest+of+main+Erdogan+challenger+shakes+the+TRY%2C+Borsa+Istanbul+100+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F03%2F23%2Farrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100%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\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1770.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95535\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/23\/arrest-of-main-erdogan-challenger-shakes-the-try-borsa-istanbul-100\/1770-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1770.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1770.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1770.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1770.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95534\" class=\"content-area-description single-story post-95534 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-capital-markets tag-enterpriseam-ksa tag-financial-markets tag-planet-finance 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\/.8a27a074-3e7e-4bdb-b9cb-7f8a82b59bae.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The future of the Turkish economy is back on the financial press\u2019 front pages <\/strong>following the political upheaval spurred on by Turkish authorities\u2019 arrest of Istanbul Mayor Ekrem Imamoglu \u2014 and Turkish President Recep Tayyip Erdogan\u2019s most prominent rival \u2014 early on Wednesday morning. While the Turkish government is scrambling to contain both the economic damage and protests on the streets, the events have brought the question of Turkish economic stability back in the spotlight after a brief period of relative stability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey\u2019s central bank tore through a record USD 11.5 bn on the day of the arrest to try to <\/strong><strong>stabilize the TRY<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5794ed2c-6296-4f04-876e-bbaaa3d1cc30\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported, citing an informed insider. The unprecedented move \u2014 4x larger than previous pushes to support the TRY \u2014 followed the currency falling by double digits against the greenback during trading following the arrest, pushing it to earn the unenviable title of the world\u2019s worst-performing currency for the day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But after falling up to over 12%, the national currency <\/strong><strong>pared<\/strong><strong> back losses to end the day <\/strong><strong>4.8% down<\/strong>, which was followed by a continued recovery during the next two days that supported an emergency interest rate increase on Thursday to persuade Turkish savers to not turn their hard-earned earnings into USD. The TRY finished the week 2.6% down.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, the country\u2019s benchmark Borsa Istanbul 100 is yet to see a recovery<\/strong>, falling 16.3% in the three trading days following Imamoglu\u2019s arrest, which includes a 7.8% drop on the last day the markets were open. The index\u2019s worst week since 2008 led to USD 30 bn in value being wiped from the market. Government debt also felt the squeeze with ten-year bond yields up over 200 basis points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors, who had begun returning to Turkey following recent economic <\/strong><strong>reforms, are rattled. <\/strong>The arrest is a \u201creminder that President Erdogan intends to tighten his grip on power even more,\u201d In Touch Capital Markers analyst Piotr Matys told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-19\/turkey-assets-sink-as-arrest-of-erdogan-rival-ups-political-risk\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Investors fear growing government intervention and capital flight could derail Finance Minister Mehmet Simsek\u2019s efforts to restore economic stability by unwinding years of unorthodox economic policies \u2014 also known as Erdonomics.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,760<\/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: -2.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,490<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NomuC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,521<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -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>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,678<\/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\">+1.1% (YTD: +6.5%)<\/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>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\">9,368<\/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: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5100<\/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: -1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,668<\/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: -3.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,647<\/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: +5.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,423<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +10.8%)<\/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>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 72.16<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.98<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,021.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 83,960<\/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: -10.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>rose 0.4% <strong>on Thursday <\/strong>on turnover of SAR 5.9 bn. The index is down 2.3% 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> Petro Rabigh (+9.9%), Retal (+5.0%) and ADES (+4.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Sinad Holding (-6.9%), Gulf General (-6.2%) and SICO Saudi REIT (-5.2%).<\/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 0.5% <strong>on Thursday <\/strong>on turnover of SAR 23.8 mn. The index is down 3.0% 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> MOBI Industry (+9.9%), NGDC (+9.0%) and AlNaqool (+8.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Naba Alsaha (-16.7%), NBM (-9.2%) and Naas Petrol (-8.8%).<\/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\">CORPORATE ACTIONS-<\/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:\/\/nams.sa\/?lang=en\" style=\"\" rel=\"noopener\">Naba A<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/nams.sa\/?lang=en\" style=\"\" rel=\"noopener\">lsaha Medical Services Company<\/a><\/strong><strong>\u2019s board approved distributing SAR 3.15<\/strong><strong> mn in <\/strong><strong>dividends for FY 2024<\/strong> at SAR 0.30 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=85908&anCat=1&cs=9546&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The distribution is set for 10 April.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95536\" 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\/23\/95536\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95536\" class=\"content-area-description single-story post-95536 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>3 May<\/span><span> (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dazn.com\/en-US\/news\/boxing\/canelo-alvarez-vs-william-scull-fight-time-ringwalks-running-order-streaming-watch\/e9f34ppx1yzc1e2hw18lzsdgg\" style=\"\">Canelo Alvarez vs William Scull<\/a><\/span><span style=\"font-weight:400;\">, Anb arena, 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;\">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    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Othaim gets facility from SNB | Saudi leads in upcoming construction projects | More 2024 earnings<\/p>\n","protected":false},"featured_media":95513,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-95512","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"07ff1274-1227-4bc4-ad24-e65a552987c6","teaser":"Othaim gets facility from SNB | Saudi leads in upcoming construction projects | More 2024 earnings","photo_url":"https:\/\/ent.news\/2024\/4\/554.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market\" \/>\n<meta property=\"og:description\" content=\"Othaim gets facility from SNB | Saudi leads in upcoming construction projects | More 2024 earnings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-14T20:36:20+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\",\"name\":\"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-03-23T00:00:00+00:00\",\"dateModified\":\"2025-12-14T20:36:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/","og_locale":"en_US","og_type":"article","og_title":"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market","og_description":"Othaim gets facility from SNB | Saudi leads in upcoming construction projects | More 2024 earnings","og_url":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/","og_site_name":"KSA","article_modified_time":"2025-12-14T20:36:20+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/","url":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/","name":"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1","datePublished":"2025-03-23T00:00:00+00:00","dateModified":"2025-12-14T20:36:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/554.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-reportedly-acquires-primax-expands-into-perus-fuel-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/ksa\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Aramco reportedly acquires Primax, expands into Peru\u2019s fuel market"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/95512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/95512\/revisions"}],"predecessor-version":[{"id":95557,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/95512\/revisions\/95557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/95513"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=95512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=95512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=95512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}