{"id":95761,"date":"2025-04-07T00:00:00","date_gmt":"2025-04-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=95761"},"modified":"2025-12-14T20:40:35","modified_gmt":"2025-12-14T20:40:35","slug":"tariffs-likely-to-have-a-limited-direct-impact-on-our-economy-but-watch-out-for-spillover","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/tariffs-likely-to-have-a-limited-direct-impact-on-our-economy-but-watch-out-for-spillover\/","title":{"rendered":"Tariffs likely to have a limited direct impact on our economy (but watch out for spillover)"},"content":{"rendered":"<section id=\"95763\" 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=\"95763\">\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\/04\/07\/riyadh-air-receives-air-operator-certificate-aramco-makes-steepest-asia-oil-price-cut-in-over-two-years\/\">\r\n                            THIS MORNING: Riyadh Air receives Air Operator Certificate + Aramco makes steepest Asia oil price cut in over two years                        <\/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\/04\/07\/riyadh-air-receives-air-operator-certificate-aramco-makes-steepest-asia-oil-price-cut-in-over-two-years\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Our economy might be well situated to withstand the direct impact, analysts argue, but spillover effects from global markets could still cause headwinds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in this morning\u2019s news well: <\/strong>Net foreign assets dropped for eighth consecutive month in February, Acwa Power starts commercial operations at two plants in Uzbekistan, and Forbes brings back Saudi b\u2019naires into its 2024 list (after a 7-year hiatus).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>UP FIRST- It\u2019s the first day of the EFG Hermes One on One in Dubai. <\/strong>The One on One is the largest investor conference focused on emerging markets \u2014 and it\u2019s difficult to imagine a more opportune time for companies and equity investors to chew the fat than now: Global markets are roiling in the wake of US President Donald Trump\u2019s bid to reshape the post-Second World War economic order. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On stage this morning: <\/strong>Central Bank of Egypt Deputy Governor <strong>Ramy Aboul Naga<\/strong> will offer what\u2019s being billed as an \u201cinside view into Egypt\u2019s economic reset\u201d in a fireside chat. Next up will be a panel discussion in partnership with the Dubai Financial Market on the role of capital markets in bringing to life the UAE\u2019s long-term vision. On stage will be DFM and Nasdaq Dubai CEO <strong>Hamed Ali<\/strong> and Dubai Economic Development Corporation CEO <strong>Hadi Badri<\/strong>. The DEDC is a unit of the Dubai Department of Economy and Tourism.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fund and portfolio investors from around the world will join top company execs for the <\/strong><strong>world\u2019s biggest live poll of investor sentiment. <\/strong>The EFG Hermes Live Research Poll caps off the morning before participants break out for one-on-one meetings in which company execs meet face-to-face with investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BY THE NUMBERS-<\/strong> We expect this morning that fund managers representing more than 250 global institutions will meet this week with top execs from 220 companies spanning 12 countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Companies from our part of the world are the stars of the show. <\/strong>Among the top Saudi firms attending:<\/p>\n<ul>\n<li>Alinma Bank<\/li>\n<li>Almarai<\/li>\n<li>And dozens more<\/li>\n<li>Aramco<\/li>\n<li>Care<\/li>\n<li>Cenomi Centres and Cenomi Retail<\/li>\n<li>Dr. Sulaiman Al Habib Medical Services<\/li>\n<li>eXtra<\/li>\n<li>First Mills<\/li>\n<li>Jarir<\/li>\n<li>Retal<\/li>\n<li>Saudi Awwal Bank<\/li>\n<li>Savola<\/li>\n<li>SNB<\/li>\n<li>STC<\/li>\n<li>Tas\u2019heel<\/li>\n<li>Zain<\/li>\n<\/ul>\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>The three<\/strong><strong>-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudisf.com\/en\/\" style=\"\" rel=\"noopener\">Sports Investme<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudisf.com\/en\/\" style=\"\" rel=\"noopener\">nt Forum<\/a><\/strong><strong> (SIF) kicks off today at the Ritz Carlton hotel in <\/strong><strong>Riyadh<\/strong>, bringing together industry specialists and leaders to build cross-border partnerships. The forum\u2019s objectives include showcasing advanced technologies, improving player and fan experiences, promoting sports academies, and using AI for sports analysis and smart stadiums.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Riyadh's getting sun today, but pack an umbrella for Makkah or Madinah as we might see rain.<\/p>\n<ul>\n<li>Riyadh: 36\u00b0C daytime \/ 24\u00b0C overnight<\/li>\n<li>Makkah: 40\u00b0C daytime \/ 28\u00b0C overnight<\/li>\n<li>Madinah: 38\u00b0C daytime \/ 28\u00b0C overnight<\/li>\n<\/ul>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tesla\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tesla.com\/en_sa\/event\/tesla-kingdom-of-saudi-arabia\" style=\"\" rel=\"noopener\">deb<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tesla.com\/en_sa\/event\/tesla-kingdom-of-saudi-arabia\" style=\"\" rel=\"noopener\">ut<\/a><\/strong> <strong> in th<\/strong><strong>e Kingdom takes place this Thursday at the Bujairi Terrace in Riyadh.<\/strong> The event will showcase the company\u2019s electric vehicles, solar-powered products, and new technology, including an autonomous taxi and humanoid robot.<\/p>\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>The next ro<\/strong><strong>u<\/strong><strong>nd of e-invoicing: <\/strong>Companies that recorded more than SAR 5 mn in revenues subject to VAT will need to integrate their e-invoicing solutions with Zatca\u2019s <a target=\"_blank\" href=\"https:\/\/fatooraonline.com\/\" style=\"\" rel=\"noopener\">Fatoora<\/a> platform by 30 April, Zatca said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Zatca_sa\/status\/1907765079925195244\" style=\"\" rel=\"noopener\">post on X<\/a>. This is the latest phase 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\"><strong>REMEMBER-<\/strong> Companies that recorded more than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/977dcf09-1dee-47d7-9bbe-622600de9fa6\/pwc-banned-from-advisory-contracts-with-pif%3F-%2B-lebanon-looks-to-reactivate-military-aid-package-from-saudi\" style=\"\" rel=\"noopener\">SAR 1.3 mn<\/a> in revenues subject to VAT in 2022, 2023, or 2024 will need to integrate their e-invoicing solutions with Zatca\u2019s Fatoora platform by 30 November, while those with more than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6ea45baa-968f-4f7d-bd54-14ea11eb0dc2\/investors-eyes-minority-stake-in-arizona-mine-%2B-russia,-ukraine-back-to-riyadh-for-ceasefire-talks\" style=\"\" rel=\"noopener\">SAR 1 mn<\/a> mn must integrate by 31 December 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Business<\/strong><strong>es <\/strong><strong>subject to withholding tax must file their March tax returns by <\/strong><strong>Thursday, 10<\/strong> <strong>April<\/strong> via Zatca\u2019s <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/en\/eServices\/Pages\/eServices_066.aspx\" style=\"\" rel=\"noopener\">website<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/ar\/MediaCenter\/News\/Pages\/news_1365.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. Late submissions will face a 1% penalty for every 30 days of delay.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The subsc<\/strong><strong>ription window for the April round of the government-issued retail sukuk <\/strong><strong>program Sah closes at 3pm tomorrow<\/strong>, the National Debt Management Center said in <a target=\"_blank\" href=\"https:\/\/x.com\/GovSukuk\/status\/1908535011193593862\" style=\"\" rel=\"noopener\">a post on X<\/a>. The instrument carries a 4.88% yield, with a minimum subscription of SAR 1k and a maximum of SAR 200k.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> Riyadh Air cleared for takeoff? <\/strong>Riyadh Air received its Air Operator Certificate (AOC) from the General Authority of Civil Aviation (Gaca), clearing the way for it to begin flying later this year, the authority said in a <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1908865874695512502\" style=\"\" rel=\"noopener\">post on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aircraft delays might still pose a problem: <\/strong>The Kingdom\u2019s newest carrier pushed back its launch to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed2a4cfa-4217-4098-b20e-00f0d3830526\/manara-minerals-is-mulling-investments-in-zambia-%2B%253cmark%253e-riyadh%253c%2Fmark%253e%253cmark%253e-air%253c%2Fmark%253e-delays-launch-to-3q-2025\" style=\"\" rel=\"noopener\">3Q 2025<\/a> from earlier this year, after facing delays in Boeing aircraft deliveries. The airline expects to receive as many as four Boeing 787 Dreamliners this year, and placed an order of 60 Airbus A321neos <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cc99c6af-22bb-4009-8fd1-a45222058526\/%253cmark%253eriyadh-air%253c%2Fmark%253e-puts-in-usd-4-bn-order-for-60-a321neo-aircraft\" style=\"\" rel=\"noopener\">in October<\/a> with deliveries scheduled between 2H 2026 and 2030.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> CIRA Education\u2019s eyes are on Saudi: <\/strong>Egypt\u2019s leading education provider CIRA Education is studying potential investments in Kingdom as part of its plan to set foot in the market, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/89.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The company reportedly plans to finalize all expansion procedures before the start of the next academic year, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/04\/03\/1878878\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing unnamed sources with knowledge of the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of the plan:<\/strong> Earlier this year, the PIF-backed Social Impact Capital <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/acf4ada1-fca0-4556-b88b-1bdb31ab2fb0\/social-impact-capital-confirms-its-88.7%2525-stake-in%253cmark%253e-cira%253c%2Fmark%253e-education-following-egp-3.4-bn-transaction\" style=\"\" rel=\"noopener\">increased its stake<\/a> in CIRA Education to 88.7% from 51.2%. The move was said to position CIRA for regional expansion.<\/p>\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>I<\/strong><strong>ndian P<\/strong><strong>rime Minister Narendra Modi is set to pay us a visit and meet with <\/strong><strong>Crown Prince <\/strong><strong>Mohammed bin Salman<\/strong><strong> in the coming weeks<\/strong>, <a target=\"_blank\" href=\"https:\/\/sundayguardianlive.com\/news\/pm-modi-likely-to-visit-saudi-arabia-soon#goog_rewarded\" style=\"\" rel=\"noopener\">The Sunday Guardian<\/a> reported yesterday, citing sources it says are in the know. The two leaders plan to discuss energy security, regional stability, economic partnerships, and trade disruptions resulting from US tariffs. A specific date is yet to be provided.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Capital Market\u2019s Authority (CMA) gave the thumbs up to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/naf4feed.com\/\" style=\"\" rel=\"noopener\">Naf Feed<\/a><\/strong><strong> to debut a 20% <\/strong><strong>stake (good for 400k shares) on Tadawul\u2019s parallel market Nomu<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/NEWS\/Pages\/CMA_N_3775.aspx\" style=\"\" rel=\"noopener\">a statement<\/a>.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi Food and Drug Authority (SFDA) reported an 82% y-o-y increase in the<\/strong><strong> number <\/strong><strong>of licensed factories and warehouses in 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.al-jazirah.com\/2025\/20250406\/ec2.htm\" style=\"\" rel=\"noopener\">Al Jazirah<\/a> reports, citing data from the Saudi Food and Drug Authority (SFDA). The food industry topped the list with 693 newly-licensed factories and 3.8k warehouses, followed by cosmetics with 42 factories and 857 warehouses, and animal feed with 29 factories and 270 warehouses.<\/p>\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> Aramco<\/strong><strong> made its ste<\/strong><strong>epest oil price cut in over two years<\/strong>, slashing May prices for Arab light crude and other grades to Asia by USD 2.30 per barrel, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-cuts-oil-prices-asia-four-month-low-2025-04-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a company pricing list. This marks the second consecutive month of price cuts, setting prices at a four-month low.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The price discount follows Opec+\u2019s unexpected move over the weekend to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b0064b8c-03ba-49ae-b942-683f2365bfc2\/flynas-cleared-for-ipo-%2B-trump-to-visit-the-kingdom-in-may%3F\" style=\"\" rel=\"noopener\">hike<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b0064b8c-03ba-49ae-b942-683f2365bfc2\/flynas-cleared-for-ipo-%2B-trump-to-visit-the-kingdom-in-may%3F\" style=\"\" rel=\"noopener\">output<\/a> by 411k barrels per day, citing \u201chealthy market fundamentals and the positive market outlook\u201d. The decision comes after Kazakhstan reportedly continued to report record figures at the oil pump and Iraq failed to comply with production cuts.<\/p>\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>\u26bd The Pro League title race heats up: <\/strong>Cristiano Ronaldo scored a brace away in a 3-1 victory against Al Hilal, while Al Ittihad lost two points following a 4-goal draw with Al Ahli. Al Nassr (54 points) stands in third place \u2014 trailing the Blue Wave by 3 points and table leaders Nadi Al Sha\u2019ab by 8 points \u2014 as Al Qadisiyah fell off pace in the race for the third spot, after a stalemate at home with Al Ettifaq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also from matchday 26: <\/strong>Al Akhdoud pulled away from the relegation zone after seeing off Al Orobah away from home 1-0, hovering just above Al Fateh on goal difference \u2014 which managed a 1-1 draw against Al Feiha. <\/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 class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s still all about the global market turmoil in the foreign press<\/strong>, with virtually every outlet leading with expectations of markets extending their slump tomorrow as futures fall. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald Trump and his administration has indicated they plan to stay the course on tariffs<\/strong> despite global concerns over a possible economic recession and the response from markets, sending S&amp;P 500 futures contracts down 2.9% and Nasdaq futures down 3.9%. The two indices have wiped tns in market value since the tariffs were announced last week. The flat 10% global tariff has since kicked in on Saturday, while the country-specific reciprocal tariffs are kicking in on Wednesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commodities also extended their losses last night<\/strong>, with Brent crude falling 3.1% to USD 63.53 and West Texas Intermediate slipping 3.4% to USD 59.9, below breakeven price for shale producers. Copper also fell more than 5% to USD 4.14. Meanwhile, Asian markets faced a brutal sell-off at market open, with Japan\u2019s Nikkei plunging 8%, triggering a circuit breaker. <strong>We dive into the impact of the tariffs on regional markets as well in this morning\u2019s Planet Finance, below. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump dismissed the global response and said that \u201csometimes you have to take medicine to fix something,\u201d <\/strong>while Treasury Secretary Scott Bessent has said over 50 countries have reached out to the US for negotiations, while signaling that any talks would take time. Trump also didn\u2019t seem too concerned about inflation, saying he doesn\u2019t expect the US to \u201close a tn USD for the privilege of buying pencils from China.\u201d (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-06\/trump-team-rejects-market-fears-projecting-defiance-on-tariffs?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c2c10cca-bc11-457c-a505-d11b37ac987f\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/04\/06\/business\/stock-market-plunge-investment-bank-impact.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/06\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The four-day<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/edgex.humancapabilityinitiative.org\/en\" style=\"\" rel=\"noopener\">EdgeX 2025<\/a><\/strong> <strong> conference will take place on Sunday, 13 April at 12:55 pm at <\/strong><strong>the <\/strong><strong>Ritz Carlton, Riyadh. <\/strong>The event will showcase industry technologies, enrollment solutions, sustainable campus designs, and emerging EdTech startups. The full schedule \u2014 including skill-building workshops and discussion panels with industry leaders \u2014 is available <a target=\"_blank\" href=\"https:\/\/edgex.humancapabilityinitiative.org\/en\/agenda\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh-air\/\">Riyadh Air<\/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                <!-- 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href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/us-tariffs-on-saudi-arabia-likely-to-have-a-limited-effect-analysts-say\/\">\r\n                            US tariffs on Saudi Arabia likely to have a limited effect, analysts say                        <\/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\/04\/07\/us-tariffs-on-saudi-arabia-likely-to-have-a-limited-effect-analysts-say\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95767\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/us-tariffs-on-saudi-arabia-likely-to-have-a-limited-effect-analysts-say\/93-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/93.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"93.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/93.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/93.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95766\" class=\"content-area-description single-story post-95766 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-donald-trump tag-enterpriseam-ksa tag-tariffs tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.257a83b7-1892-4df4-b95f-0a666ea8e925.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The Trump administration's decision to impose a 10% tariff on all imported goods <\/strong><strong>continues to cause global market turmoil<\/strong>. The direct impact on Saudi trade is expected to be limited due to the relatively low volume of exports to the US. Still, spillover effects from global volatility and declining oil prices remain a concern. Strong bilateral relations, including potential upcoming visits and investment deals, could help mitigate the economic impact.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong><strong>The Trump<\/strong><strong> administration slapped a 10% tariff on the Kingdom on Saturday <\/strong><strong>as part of a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/04\/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security\/#:~:text=All%20other%20countries%20will%20continue,at%2012%3A01%20a.m.%20EDT.\" style=\"\" rel=\"noopener\">sweeping tariff<\/a><\/strong><strong> on all imports to the US.<\/strong> Higher rates \u2014 up to <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c5ypxnnyg7jo\" style=\"\" rel=\"noopener\">50%<\/a> \u2014 on goods from 57 countries are set to kick in on 9 April. The scope and magnitude of the action have been felt worldwide, with trade experts like former White House trade adviser Kelly Ann Shaw describing the move as \u201cthe single biggest trade action of our lifetime\u201d in comments to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us-starts-collecting-trumps-new-10-tariff-smashing-global-trade-norms-2025-04-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tariff formula:<\/strong> US President Donald Trump personally chose a formula based on two variables, the trade deficit with each country and the total value of its US exports, the <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/04\/04\/trump-tariffs-reason-advisers\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> wrote, citing two sources it said are familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re already running a trade deficit with the US:<\/strong> Our trade deficit with the US <a target=\"_blank\" href=\"https:\/\/ustr.gov\/countries-regions\/europe-middle-east\/middle-eastnorth-africa\/saudi-arabia\" style=\"\" rel=\"noopener\">increased<\/a> 121.6% y-o-y to USD 443.3 mn in 2024, according to the Office of the US Trade Representative. The US exported USD 13.2 bn to the Kingdom in 2024, down 4.8% y-o-y. Meanwhile, imports \u2014 which will face the 10% tariff \u2014 reached USD 12.7 bn, a 19.9% y-o-y decline. White House officials justify targeting countries already running trade deficits with the US by saying they would run even larger deficits if their trade policies were fairer, Reuters reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The direct impact of US tariffs on Saudi trade is likely to be limited<\/strong>, given the relatively modest volume of Saudi exports to the US market, Al Mal Chief Investment Officer Faisal Hasan told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/76209\/%D9%85%D8%A7%D8%B0%D8%A7-%D9%86%D8%AA%D8%B1%D9%82%D8%A8-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%A3%D8%B3%D9%87%D9%85-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D9%8A%D9%88%D9%85-3-%D8%A3%D8%A8%D8%B1%D9%8A%D9%84-2025\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. \u201cAs for economic activity in the region, it may not be significantly affected because the region's exports to the United States are not as strong as those seen in Canada, Mexico, and China,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More analysts concur: <\/strong>Gulf states, including Saudi Arabia, are seen as the least affected by Trump\u2019s tariffs, with \u201cmoderate and reasonable\u201d responses expected from traditional US allies in the region, US billionaire investment analyst Kenneth Fisher told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/04\/04\/article_2759374.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong bilateral relations could help shield our economy: <\/strong>Trump may be visiting the Kingdom as early as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b0064b8c-03ba-49ae-b942-683f2365bfc2\/this-morning:-flynas-cleared-for-ipo-%2B-trump-to-visit-the-kingdom-in-may%3F#:~:text=US%20President%20Donald%20Trump%20signaled%20he%20might%20be%20visiting%20Saudi\" style=\"\" rel=\"noopener\">next month<\/a>, with mid-May reportedly pegged as the potential timeframe for the trip. The visit will focus on finalizing USD 1 tn in Saudi investments in the US, after Crown Prince Mohammed Bin Salman already pledged an additional USD 600 bn package to increase its investment and trade portfolios with the US over the next four years back in January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- spillover risks from global volatility remain:<\/strong> Selling pressure in global markets could spill over due to the interconnected nature of the global economy, Hasan warned. Gulf markets, including Saudi Arabia, will also feel the effects primarily through investor sentiment and oil prices, which are tied to global demand, Divye Arora, head of portfolio management at Daman Investments, told Asharq, adding that if trade wars dampen global growth, oil demand will likely decline, putting downward pressure on prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shifting investor strategy:<\/strong> Volatility may drive foreign investors away from equities and toward safer assets like bonds and money markets, according to Arora, who expects continued sell-offs over the next month or two.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tariffs\/\">tariffs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95768\" 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=\"95768\">\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\">BANKING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/net-foreign-assets-drop-for-eighth-consecutive-month-in-february\/\">\r\n                            Net foreign assets drop for eighth consecutive month in February                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/net-foreign-assets-drop-for-eighth-consecutive-month-in-february\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Meanwhile, Sama\u2019s foreign assets inched slightly down to SAR 1.53 tn by the end of the month, making up the bulk of the sector\u2019s external position.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Bank credit across all segments increased 14.9% y-o-y to SAR 3.04 tn in February<\/strong>. Personal loans continued to account for the lion\u2019s share of all credit handed out by local banks during the month at, followed by corporate credit to the real estate sector, and financial and ins. activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Residential mortgages financed by banks also hit SAR 8.9 bn during the same period<\/strong>, up 28.3% y-o-y, with a total of 11.8k contracts. This includes SAR 5.6 bn for houses, SAR 2.9 bn for apartments, and SAR 436 mn for land contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Broad money supply (M3) grew 10.1% y-o-y to SAR 3.03 tn<\/strong>. Demand deposits (48.5%) topped the list of currency supply components, followed by time and savings deposits (34%), other quasi-cash deposits (9.7%), and banknotes in circulation outside banks (7.8%). Meanwhile, total liabilities reached SAR 5.24 tn, clocking a 7.2% y-o-y growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> M3 is the broadest measure of money supply in a given economy. It includes cash, current accounts, and other money that can be quickly mobilized (what econ-nerds call M2) as well as large time deposits, institutional money market funds, short-term repurchase agreements, and larger liquid funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the investment front:<\/strong> Government bonds rose for the eighth consecutive month to SAR 606.5 bn, up 1.3% m-o-m and 10.9% y-o-y, representing 73.8% of total public sector liabilities. At the same time, bank credit to public institutions increased 37.4% y-o-y to SAR 214.8 bn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/banking\/\">BANKING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-central-bank-sama\/\">Saudi Central Bank (SAMA)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95770 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"95770\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/95770\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95770\" class=\"content-area-description single-story post-95770 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95771\" 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=\"95771\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/\">\r\n                            Commercial operations start at two Acwa Power plants in Uzbekistan                        <\/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\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/\" 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\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/')\">\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\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/\">\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=Commercial operations start at two Acwa Power plants in Uzbekistan&url=https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/\">\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\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/&title=Commercial operations start at two Acwa Power plants in Uzbekistan\">\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=Commercial+operations+start+at+two+Acwa+Power+plants+in+Uzbekistan+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F04%2F07%2Fcommercial-operations-start-at-two-acwa-power-plants-in-uzbekistan%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\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/609.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95772\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/609-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/609.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"609.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/609.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/609.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95771\" class=\"content-area-description single-story post-95771 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-acwa-power tag-energy tag-enterpriseam-ksa tag-renewables 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\/4\/.bea367ba-5995-4275-a4b3-94583fdc3073.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Commercial o<\/strong><strong>perations kicked off<\/strong><strong> at <\/strong><strong>Acwa Power\u2019s 500 MW Dzhankeldy Wind <\/strong><strong>Independent Power Project (IPP) and 500 MW<\/strong><strong> Bash Wind IPP in Uzbekistan<\/strong>, according to disclosures to Tadawul (<a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86312&anCat=1&cs=2082&locale=en\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86311&anCat=1&cs=2082&locale=en\" style=\"\" rel=\"noopener\">here<\/a>). The impact of the operations is expected to be reflected in Acwa\u2019s financials in 2Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The company signed 25-year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f0aa287f-d229-4a92-aeea-190eca5cb111\/acwa-power-breaks-ground-on-five-uzbek-ventures\" style=\"\" rel=\"noopener\">power purchase agreements<\/a> with the National Electrical Grid of Uzbekistan for both projects, which included a 128 km transmission line for Dzhankeldy and a 160 km one for Bash. The OPEC Fund approved <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/53f2cd9e-8323-47ef-b575-7a85d277ff13\" style=\"\" rel=\"noopener\">two USD 20 mn loans<\/a> to finance the projects in April 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who owns what?<\/strong> Acwa <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ac701570-60ac-4957-bbdc-d3be2665b11d\/acwa-power-sells-35%2525-stake-in-2-wind-projects-in-uzbekistan\" style=\"\" rel=\"noopener\">offloaded a 35% stake<\/a> in the USD 1.3 bn projects to China Southern Power Grid International, China Southern Power Grid\u2019s global investment arm, for SAR 596 mn (c. USD 159 mn) in July 2024. The renewables giant currently holds a 65% stake in each of the projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa has bigger energy projects in the country:<\/strong> Acwa has a total of 15 projects in Uzbekistan, worth around USD 13.9 bn. Acwa signed a SAR 18.2 bn (c. USD 4.9 bn) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/96623404-2e82-4da4-a7ee-bed67edcc001\" style=\"\" rel=\"noopener\">power purchase agreement<\/a> with the National Electric Grid of Uzbekistan (Negu) to develop a new 5 GW wind farm \u2014 set to be the largest in Central Asia \u2014 in May. It also signed a SAR 985 mn (c. 262.6 mn) power purchase agreement to develop the 200 MW Nukus 2 wind project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/37882122-e8ad-490b-a75a-36f14257935b\" style=\"\" rel=\"noopener\">in April 2024<\/a> and a USD 2.4 bn agreement with the National Electric Grid of Uzbekistan for a 1.5 GW wind energy farm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/37846de6-757b-496a-867b-33d1af966cd6\" style=\"\" rel=\"noopener\">in January 2024<\/a>. The company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4708da5f-2ed9-494d-a402-c96a030ab199\/aramco-is-in-talks-for-long-term-purchase-agreements-of-blue-hydrogen\" style=\"\" rel=\"noopener\">achieved full commercial operation<\/a> at its 1.5 GW Sirdarya Combined Cycle Gas-Turbine power plant in December 2024.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/acwa-power\/\">ACWA power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/renewables\/\">RENEWABLES<\/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=\"95773\" 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=\"95773\">\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\/04\/07\/tadawul-closes-1q-in-the-red-nomu-gains\/\">\r\n                            Tadawul closes 1Q in the red, Nomu gains                        <\/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\/04\/07\/tadawul-closes-1q-in-the-red-nomu-gains\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We take a closer look below at the data from the latest quarterly report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul saw a broad slowdown in activity last quarter<\/strong>, with the total value of shares traded dropping 37% y-o-y to SAR 362.6 bn in 1Q 2025, according to Tadawul\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/82.pdf\" style=\"\" rel=\"noopener\">quarterly statistical report (pdf)<\/a>. The number of transactions slid 19.1% y-o-y to 28.3 mn, while traded volumes fell 27.6% to 17.1 bn shares over the same period, with the bulk of trading activity concentrated in January. As of the end of March, some 253 companies were listed and trading on the main market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul\u2019s benchmark index TASI closed the quarter at 12k points<\/strong>, down 3% y-o-y, after reaching a quarterly high of 12.5k points in the first half of February. Equity Market capitalization fell 9.3% y-o-y to SAR 9.92 tn over the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The real estate management & development index logged the highest YTD sectoral gain <\/strong><strong>through to March<\/strong>, climbing 14.9% as investor appetite held firm for property-linked plays. The telecom services index followed with a 12.6% YTD rise, while banks gained 7.7%, buoyed by stable credit conditions and strong earnings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul\u2019s large cap index was the only capitalization-weighted benchmark to post gains <\/strong><strong>last quarter<\/strong>, edging up 0.5% YTD as investors leaned into highly liquid stocks amid broader sectoral weakness. The medium cap index fell nearly 0.07.% YTD in March, while the small cap index saw the steepest YTD decline, falling 3.78% last month. Tadawul\u2019s IPO index fell 4.88% YTD last month, while the TASI50 index \u2014 which serves as a benchmark for ETFs\u2014 was down 0.13% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top movers:<\/strong> Al Rajhi Bank topped the market by value traded last quarter with SAR 23.71 bn worth of shares changing hands \u2014 representing 6.54% of total market turnover. Aramco followed with SAR 16.53 bn (4.56%), trailed by SNB, Nice One, and Alinma.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Five companies rang the bell on Tadawul last quarter<\/strong>, namely e-brokerage firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/48166a44-c8e8-4c57-8020-c71a494beaac\/%253cmark%253ederayah%253c%2Fmark%253e-financial%25e2%2580%2599s-share-price-closes-30%2525-higher-on-main-market-debut\" style=\"\" rel=\"noopener\">Derayah Financial<\/a> and poultry producer Arabian Company for Agriculture & Industrial Investments <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\">Entaj Foods<\/a> in February, real estate developer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6827bcfe-e4d5-405d-bfd4-90b626258217\/umm-al-qura-share-price-jumps-to-sar-19.50-on-tadawul-debut-%2B-net-income-up-57%2525-in-2024\" style=\"\" rel=\"noopener\">Umm Al Qura for Development and Construction<\/a> last month, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/862c7562-862b-44a6-9cc7-307dd1796f32\/almoosa-health-debuts-on-tadawul-today\" style=\"\" rel=\"noopener\">Almoosa Health<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-08\/saudi-arabia-s-nice-one-soars-30-in-debut-as-ipo-rush-continues\" style=\"\" rel=\"noopener\">Nice One Beauty<\/a> in January. Meanwhile, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e19f45ab-57b6-4125-a098-5a24ae9b5d14\/turkey%25e2%2580%2599s-fm-is-due-in-town,-with-usd-6-bn-defense-agreement-on-the-table\" style=\"\" rel=\"noopener\">Raoom Trading<\/a> left Nomu for the main market.<\/p>\n<p class=\"tag-border-left\">MEANWHILE ON NOMU- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capped index NomuC rose 19.43% <\/strong><strong>y-o-y<\/strong><strong> to close 1Q at 31.1k points. <\/strong>The index hit a quarterly high of 31.7k points in February, supported by sustained investor appetite for growth-oriented listings. Market capitalization on Nomu rose 16.2% to roughly SAR 59.1 bn. Meanwhile, trading value declined 18.89% y-o-y to SAR 2.7 bn. Trade volumes climbed 9.2% to nearly 260 mn shares, while transaction count jumped 54.68% to 292.1k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The last quarter saw the listing of eight companies<\/strong>, namely <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8a3c56cc-ebf9-417c-8382-0816af5b9a75\/real-madrid-vs-barcelona-at-king-abdullah-sports-city-today\" style=\"\" rel=\"noopener\">Shmoh Almadi<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5e6adb70-05b3-461f-8570-34ecab58b3c3\/%253cmark%253eitmam%253c%2Fmark%253e-consulting-sets-nomu-ipo-price-at-sar-15-per-share\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5e6adb70-05b3-461f-8570-34ecab58b3c3\/%253cmark%253eitmam%253c%2Fmark%253e-consulting-sets-nomu-ipo-price-at-sar-15-per-share\" style=\"\" rel=\"noopener\">Itmam<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5e6adb70-05b3-461f-8570-34ecab58b3c3\/%253cmark%253eitmam%253c%2Fmark%253e-consulting-sets-nomu-ipo-price-at-sar-15-per-share\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5e6adb70-05b3-461f-8570-34ecab58b3c3\/%253cmark%253eitmam%253c%2Fmark%253e-consulting-sets-nomu-ipo-price-at-sar-15-per-share\" style=\"\" rel=\"noopener\">Consultancy<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b907c053-5e01-40dd-a0c5-69071eb70a6f\/neom%25e2%2580%2599s-the-line-to-begin-vertical-construction-by-year-end\" style=\"\" rel=\"noopener\">Alshehli Company for Metal Industries<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/769fe009-9ca8-453b-9cb0-509698b007f8\/riyadh-air-wants-more-widebody-jets-from-boeing-%2B-airbus\" style=\"\" rel=\"noopener\">Basma Adeem Medical<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b597f3f5-753e-49ce-98af-4d0658380d4c\/aramco-considers-bidding-for-castrol-lubricants-business\" style=\"\" rel=\"noopener\">Hedab AlKhaleej<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/050f07f2-b5c4-4d9b-b422-b24f3d27ee1c\/derayah-financial-debut-on-tadawul-today-%2B-zelensky,-rubio-to-land-in-riyadh\" style=\"\" rel=\"noopener\">Ratio Specialty<\/a>, and Twareat Medical Care (TMC) via <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b907c053-5e01-40dd-a0c5-69071eb70a6f\/neom%25e2%2580%2599s-the-line-to-begin-vertical-construction-by-year-end\" style=\"\" rel=\"noopener\">direct listing<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95775\" 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=\"95775\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/earnings-continue-to-pour-in\/\">\r\n                            Earnings continue to pour in                        <\/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\/04\/07\/earnings-continue-to-pour-in\/\" 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 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     <\/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\/04\/07\/earnings-continue-to-pour-in\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/505.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95776\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/earnings-continue-to-pour-in\/505-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/505.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"505.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/505.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/505.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95775\" class=\"content-area-description single-story post-95775 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-arabian-international-healthcare-holding-tibbiyah tag-chemanol tag-earnings-watch tag-enterpriseam-ksa tag-national-building-and-marketing tag-saudi-paper-manufacturing tag-saudi-power-procurement-company-sppc tag-tamkeen-hr 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\/4\/.dbce31f2-dcdf-4922-8cec-0e38c36c49b2.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\">TIBBIYAH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.tibbiyah.com\/\" style=\"\" rel=\"noopener\">Arabian International Healthcare Holding<\/a><\/strong><strong> (Tibbiyah) moved into the red in FY 2024 with a <\/strong><strong>net loss of SAR<\/strong><strong> 66.6 mn<\/strong>, compared to a net income of SAR 38.1 mn in FY 2023, it said in an <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/Resources\/fsPdf\/19992_2903_2025-03-27_15-58-34_en.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues rose slightly by 0.9% y-o-y to SAR 814.4 mn during the year, supported by the acquisition of Al Hammad Medical Services and better performance in the supplies division Premma.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company secured a SAR 100 mn debt waiver from its major shareholder <a target=\"_blank\" href=\"https:\/\/www.alfaisaliah.com\/Site\/EN\/\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/www.alfaisaliah.com\/Site\/EN\/\" style=\"\" rel=\"noopener\">Faisaliah Group<\/a>, according to a separate <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86221&anCat=1&cs=9530&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. This reduction in short-term debt aims to reduce financing costs and improve cashflow.<\/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\">ARTEX INDUSTRIAL INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul<\/strong><strong>-listed carpet manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/artex-industrial-investment-co\" style=\"\" rel=\"noopener\">Artex Industrial Investment<\/a><\/strong> <strong> saw its<\/strong><strong> net loss widen <\/strong><strong>93.1% y-o-y in FY 2024 to SAR 144.5 mn<\/strong> from SAR 74.8 mn, mainly due to a SAR 100 mn provision made after the Saudi Industrial Development Fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e093e143-c67d-41c8-927a-b3114e8b32ad\/sidf-calls-on-guarantors-for-sar-672-mn-resreco-loan\" style=\"\" rel=\"noopener\">called a guarantee last November<\/a> on a loan taken by Al Reef Sugar Refinery, in which Artex holds a 15% guarantee share of the loan value, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86208&anCat=1&cs=2340&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. Revenues rose 7.6% y-o-y to SAR 562.2 mn during the year on the back of an 11% increase in local turnover and a 2% rise in exports.<\/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\">CHEMANOL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/chemanol\/\" style=\"\" rel=\"noopener\">Methano<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/chemanol\/\" style=\"\" rel=\"noopener\">l Chemicals<\/a><\/strong><strong> (Chemanol) <\/strong><strong>saw its net losses widen to SAR 272<\/strong><strong>.3 mn in FY 2024<\/strong>, up from SAR 177.8 mn the year prior, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86238&anCat=1&cs=2001&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. This was driven by rising feedstock costs and a 14% average decline in selling prices of its major products, offsetting a 13% increase in sales volume. The company\u2019s losses further increased due to the acquisition of Aldar Chemicals and Chemicals Industries Company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6779337e-f69b-4b9e-9834-3ce4e456c42e\/almarai-inches-closer-to-acquisition-of-etmam-logistics.-plus:-arab-energy-fund-will-invest-in-dussur-projects#:~:text=%232%2D%20Chemanol%20one%20step%20closer%20to%20acquiring%20local%20chemicals\" style=\"\" rel=\"noopener\">in May<\/a>, which had poor financial performance and lacked future cashflow forecasts. Meanwhile, revenues were down 2.4% y-o-y at SAR 710.5 mn 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\">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:\/\/spcc.sa\/\" style=\"\" rel=\"noopener\">Southern<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/spcc.sa\/\" style=\"\" rel=\"noopener\">Province Cement<\/a><\/strong><strong>\u2019s (SPPC) net income increase<\/strong><strong>d 25.1% y-o-y to SAR 244 mn in <\/strong><strong>FY 2024<\/strong> on the back of higher average selling prices, lower cost of goods sold, and reduced selling and distribution expenses, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86129&anCat=1&cs=3050&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues were down 12.6% y-o-y at SAR 935 mn over the same period, weighed down by lower sales volume.<\/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\">TAMKEEN-<\/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:\/\/tamkeenhr.sa\/\" style=\"\" rel=\"noopener\">Tamkeen H<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/tamkeenhr.sa\/\" style=\"\" rel=\"noopener\">R<\/a><\/strong><strong>\u2019s<\/strong><strong> net income incre<\/strong><strong>ased 44.3% y-o-y to SAR 86 mn in FY 2024<\/strong> on the back of improved operating profit, despite higher expenses, capital gains from asset sales, and the reversal of unused provisions, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86125&anCat=1&cs=1835&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues were up 45.5% y-o-y at SAR 721.6 mn during the year, driven by healthier performance at its corporate services segment, which offset a decline in its individual services segment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SAUDI PAPER MANUFACTURING CO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Saudi<\/strong><strong> Paper Manufacturing Company<\/strong> <strong>(SPM) saw its net income rise 14.1% <\/strong><strong>y-o-y to SAR 83.2<\/strong><strong> mn in FY 2024<\/strong> amid lower financing expenses and higher revenues, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86192&anCat=1&cs=2300&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The gains were partially offset by rising G&A costs and distribution expenses. Revenues grew 3.2% y-o-y to SAR 837.2 mn during the year on the back of increased paper roll turnover.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NATIONAL BUILDING AND MARKETING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nbm.com.sa\/\" style=\"\" rel=\"noopener\">Nation<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nbm.com.sa\/\" style=\"\" rel=\"noopener\">al Building and Marketing<\/a><\/strong><strong>\u2019s net income gr<\/strong><strong>ew 47% y-o-y to SAR 44.9 mn <\/strong><strong>in 2024<\/strong>, driven by improved margins from higher selling prices and operational efficiency, along with a 101.8% increase in returns from the <a target=\"_blank\" href=\"https:\/\/gesico-ksa.com\/\" style=\"\" rel=\"noopener\">German Saudi Industrial (Gesico)<\/a>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86241&anCat=1&cs=9510&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues were up 16.8% y-o-y at SAR 818 mn during the year, thanks to increased gains from the iron sector (up 23.6% y-o-y) and the IT sector (up 40% y-o-y), despite a 10.7% y-o-y decline in the construction sector revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company\u2019s board greenlit a 150% capital hike to SAR 300 mn via a bonus share issuance, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86286&anCat=1&cs=9510&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a> to Tadawul. The SAR 180 mn capital increase will be funded via the outfit\u2019s retained earnings, with shareholders receiving 1.5 bonus shares for each share held. The fresh capital is earmarked for funding new projects, expanding operations, and improving the firm\u2019s financial position. The move is still pending regulatory and shareholders\u2019 approval.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/arabian-international-healthcare-holding-tibbiyah\/\">Arabian International Healthcare Holding (Tibbiyah)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/chemanol\/\">Chemanol<\/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\/national-building-and-marketing\/\">National Building and Marketing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-paper-manufacturing\/\">Saudi Paper Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-power-procurement-company-sppc\/\">Saudi Power Procurement Company (SPPC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tamkeen-hr\/\">Tamkeen HR<\/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=\"95777\" 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=\"95777\">\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\/04\/07\/chubb-arabia-taps-kamran-mazhar-as-ceo\/\">\r\n                            Chubb Arabia taps Kamran Mazhar as CEO                        <\/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\" 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/chubb-arabia-taps-kamran-mazhar-as-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/100.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95778\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/chubb-arabia-taps-kamran-mazhar-as-ceo\/100-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/100.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"100.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/100.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/100.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95777\" class=\"content-area-description single-story post-95777 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-chubb-arabia tag-enterpriseam-ksa tag-moves 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\/4\/.8973f6ee-a19f-4d6e-b614-864b7d45faf5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/chubb.com.sa\" style=\"\" rel=\"noopener\">Chubb Ar<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/chubb.com.sa\" style=\"\" rel=\"noopener\">abia Cooperative Ins.<\/a><\/strong> appointed<strong> Kamran Mazhar <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kamran-mazhar-jaffery-52a6a8b\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new<strong> CEO<\/strong>, following the end of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6941d24b-3077-4c99-9aab-155f8d98ea94\/%253cmark%253e%253c%2Fmark%253esaic%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253echubb%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253earabia%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehave%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enew%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eceos%253cmark%253e%253c%2Fmark%253e#:~:text=Chubb%20Arabia%E2%80%99s%20board%20of%20directors%20named%20Abdulaziz%20Abdul%20Karim\" style=\"\" rel=\"noopener\">six-month<\/a> term of its interim CEO Abdulaziz Abdul Karim Al Khereiji, who will move on to the position of an executive board member, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86310&anCat=1&cs=8240&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Mazhar previously served as Chief Operating Officer at Chubb Arabia and brings over two decades of experience in the ins. sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadaw<\/strong><strong>ul-listed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/redseaintl.com\/\" style=\"\" rel=\"noopener\">Red Sea International<\/a><\/strong> appointed <strong>Ghassan Salim Al Ashkar<\/strong> as Acting <strong>CEO<\/strong>, following the termination of former CEO Marwan Jan Sayegh\u2019s contract, the company said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86320&anCat=1&cs=4230&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. Al Ashkar has over 30 years of experience in financial leadership, including his role as Senior CFO at Jeddah Economic Company and previous positions at CPC Holding Company.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/chubb-arabia\/\">Chubb Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/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=\"95779\" 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=\"95779\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/forbes-brings-saudi-bnaires-back-to-its-list-after-seven-year-hiatus\/\">\r\n                            Forbes brings Saudi b\u2019naires back to its list after seven-year hiatus                        <\/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\/04\/07\/forbes-brings-saudi-bnaires-back-to-its-list-after-seven-year-hiatus\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Some 15 Saudis made it to the list this year \u2014 up from 10 in 2017 \u2014 with a combined net worth of USD 55.8 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Prince Alwaleed bin Talal is the only returnee<\/strong>, topping the list as the richest Saudi with an estimated net worth of USD 16.5 bn \u2014 thanks to his 78.1% stake in the <a target=\"_blank\" href=\"https:\/\/kingdom.com.sa\/\" style=\"\" rel=\"noopener\">Kingdom Holding Company<\/a>. The remaining 14 are all newcomers, including <a target=\"_blank\" href=\"https:\/\/hmg.com\/en\/Pages\/Home.aspx\" style=\"\" rel=\"noopener\">Dr. Sulaiman Al Habib Medical Services Group<\/a> founder Sulaiman Al Habib, and heirs of family fortunes such as the Al Muhaidib brothers who expanded their late father\u2019s <a target=\"_blank\" href=\"https:\/\/muhaidib.com\/en\/\" style=\"\" rel=\"noopener\">conglomerate<\/a> to build a diversified regional holding.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Forbes had stopped listing Saudi b\u2019naires due to concerns about lack of transparency, following the November 2017 roundup of prominent figures on the back of corruption allegations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What changed? <\/strong>A surge in stock exchange listings and the increased availability of reliable financial data, along with the rise in foreign investment and the public offering of more state-owned companies, have increased transparency in the local market. A well-regulated economic environment was also cited by Forbes as enough to bring Saudi b\u2019naires back to the list.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REGIONALLY- <\/strong>Saudi Arabia was the b\u2019naire hot spot among Arab nations, accounting for 43.4% of all Arab b\u2019naire wealth, according to <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2595776\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a>. The UAE and Egypt followed with five b\u2019naires each, led by Hussain Sajwani (USD 10.2 bn) in the UAE and Nassef Sawiris (USD 9.6 bn) in Egypt. The Mena region now counts 38 b\u2019naires across nine countries, with a total fortune of USD 128.4 bn \u2014 more than double last year\u2019s figure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s the full Saudi <\/strong><strong>b\u2019naire <\/strong><strong>gallery<\/strong><strong>:<\/strong> <\/p>\n<ul>\n<li>Prince Alwaleed Bin Talal (128th) \u2013 USD 16.5 bn<\/li>\n<li>Sulaiman Al Habib (227th) \u2013 USD 10.9 bn<\/li>\n<li>Emad Al Muhaidib (948th)\u2013 USD 3.8 bn<\/li>\n<li>Sulaiman Al Muhaidib (1015th) \u2013 USD 3.6 bn<\/li>\n<li>Essam Al Muhaidib (1015th) \u2013 USD 3.6 bn<\/li>\n<li>Mohammad Abunayyan (1141st) \u2013 USD 3.2 bn<\/li>\n<li>Abdullah bin Sulaiman Al Rajhi (1462nd) \u2013 USD 2.5 bn<\/li>\n<li>Abdullah Al Othaim (1462nd) \u2013 USD 2.5 bn<\/li>\n<li>Abdullah Amer Al Nahdi (1573rd) \u2013 USD 2.3 bn<\/li>\n<li>Waleed bin Ibrahim al Ibrahim (2356th) \u2013 USD 1.4 bn<\/li>\n<li>Yousuf Mohammad Jamjoom (2623rd)\u2013 USD 1.2 bn<\/li>\n<li>Khalid Abdul Rahman Saleh Al Rajhi (2623rd) \u2013 USD 1.2 bn<\/li>\n<li>Hamad Ali Al Sagri (2790th) \u2013 USD 1.1 bn<\/li>\n<li>Ammar Soliman Fakeeh (2933rd) \u2013 USD 1 bn<\/li>\n<li>Mazen Soliman Fakeeh (2933rd) \u2013 USD 1 bn<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/forbes\/\">Forbes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95781\" 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=\"95781\">\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\/04\/07\/design-tender-launched-for-usd-7-bn-riyadh-jeddah-land-bridge\/\">\r\n                            Design tender launched for USD 7 bn Riyadh-Jeddah land bridge                        <\/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\" 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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/152.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/152.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95781\" class=\"content-area-description single-story post-95781 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-al-medan-project-company-for-corrugated-carton-mpfc tag-also-on-our-radar tag-enterpriseam-ksa tag-infrastructure tag-megaprojects tag-middle-east-paper-company-mepco tag-rail 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\/4\/.df1e76ae-94db-461b-b141-0d5455237ec6.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\">MEGAPROJECTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The Kingdom<\/strong><strong> la<\/strong><strong>unched a tender for the lead design consultancy services for its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1b6ab98f-8090-463c-a144-4f2c078e1b2c\" style=\"\" rel=\"noopener\">USD<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1b6ab98f-8090-463c-a144-4f2c078e1b2c\" style=\"\" rel=\"noopener\">7<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1b6ab98f-8090-463c-a144-4f2c078e1b2c\" style=\"\" rel=\"noopener\">bn Riyadh-Jeddah land bridge<\/a><\/strong><strong> megaproject<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.meed.com\/saudi-arabia-launches-landbridge-design-tender\" style=\"\" rel=\"noopener\">Meed<\/a> reports. The megaproject \u2014 which is set to develop over 1.5k km of new tracks across the Kingdom \u2014 is part of a broader scope to construct six new railway lines, including a 950-km rail line linking Riyadh and Jeddah and another 115-km route connecting Dammam and Jubail.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tracks will bridge together seven logistics centers in the Kingdom<\/strong>, linking Jubail Industrial City, Dammam Port, Riyadh Dry Port, King Khalid Airport, Jeddah Dry Port, King Abdullah Port, and Yanbu Industrial City.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The project is set to connect the Kingdom\u2019s Red Sea coast to the coast of the Arab Gulf. The Saudi Railway Company (SAR) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cf6947ce-c413-4e55-a442-25231422967c\" style=\"\" rel=\"noopener\">awarded a consortium in 2023<\/a> that includes US-based construction management firm Hill International, Italian consulting firm Italferr, and Spanish engineering firm Sener the contract to manage the construction of the project. SAR r <a target=\"_blank\" href=\"https:\/\/www.railjournal.com\/regions\/middle-east\/saudi-landbridge-tendering-to-begin-soon\/\" style=\"\" rel=\"noopener\">eceived bids for the contract in October 2022<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/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\">M&A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mepco sets<\/strong><strong> out to fully take over Al Medan Project Company: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.mepco.biz\/Website\/En\/\" style=\"\" rel=\"noopener\">Middle East Paper<\/a><a target=\"_blank\" href=\"https:\/\/www.mepco.biz\/Website\/En\/\" style=\"\" rel=\"noopener\">Company<\/a> (Mepco) inked a share and purchase agreement (SPA) to buy up 100% of <a target=\"_blank\" href=\"https:\/\/mpfc.com.sa\/\" style=\"\" rel=\"noopener\">Al Medan Project Company for Corrugated Carton<\/a> (MPFC) in a cash-plus-equity transaction, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86159&anCat=1&cs=1202&locale=en\" style=\"\" rel=\"noopener\">a filing<\/a> to Tadawul. The move is pending regulatory approval, with the SPA set to expire within nine months. MPFC produces and supplies corrugated carton and packaging materials across the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transaction mechanism:<\/strong> The acquisition will see Mepco issue an undisclosed amount of new shares to the sellers with a lock-up period of 12 months, in addition to a SAR 91 mn cash-consideration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Mepco tapped SNB Capital as its financial advisor on the transaction, with Baker McKenzie providing counsel.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-medan-project-company-for-corrugated-carton-mpfc\/\">Al Medan Project Company for Corrugated Carton (MPFC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/megaprojects\/\">megaprojects<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/middle-east-paper-company-mepco\/\">Middle East Paper Company (MEPCO)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/rail\/\">Rail<\/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=\"95783\" 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=\"95783\">\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\/04\/07\/mena-markets-suffer-sharp-losses-amid-tariff-oil-woes\/\">\r\n                            MENA markets suffer sharp losses amid tariff, oil woes                        <\/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\/04\/07\/mena-markets-suffer-sharp-losses-amid-tariff-oil-woes\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Slumping oil prices and mounting fears of a prolonged trade war sparked a broad-based selloff.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul takes the biggest hit on Aramco plunge:<\/strong> The Tadawul All Share Index (TASI) plunged 6.8% on Sunday \u2014 its worst session since May 2020. Saudi Aramco led the sharp losses, erasing more than USD 90 bn of market cap mid-session. Meanwhile, the Nomu parallel market also fell 6.50%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Egypt<\/strong>, the EGX30 lost 3.3% yesterday following a strong rally in recent months, with all the index\u2019s components in the red.. The index is still up 3.02% YTD. Meanwhile, the UAE saw Dubai\u2019s DFM falling 1.51%, and Abu Dhabi\u2019s ADX slipping 0.76% on Friday. Investors will be watching for more downside during today's open, as markets had closed ahead of the official tariff rollout.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewhere:<\/strong> Qatar\u2019s QE Index dropped 4.23%, with almost every listed company closing in the red. Oman\u2019s MSX30 fell 2.6%, while Jordan\u2019s ASE dropped 2.1% amid its inclusion in the high-tariff group. Tunisia\u2019s Tunindex edged down 0.13%, and Morocco\u2019s MASI lost 0.15%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The base 10% tariff came into effect over the weekend, with steeper rates <\/strong><strong>\u2014 up to 49% \u2014 on goods from 57 countries set to hit this Wednesday, 9 April.<\/strong> Much of the Arab world dodged the worst \u2014 including Saudi, the UAE, Egypt, Morocco, and others, who are only facing the 10% levy \u2014 others were less fortunate: Syria (41%), Iraq (39%), Libya (31%), Algeria (30%), Tunisia (28%), and Jordan (20%) are facing higher rates.<\/p>\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are inching down this morning <\/strong>as the tariff shakedown continues to roil global markets. Hong Kong\u2019s Hang Seng is down 9.3%, while Japan\u2019s Nikkei is down 6.5% and the Shanghai Composite is close behind at 6.0%. Wall Street futures are also signalling more losses for the S&P 500, Nasdaq and Dow on market open.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,077<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.8% (YTD: -8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,406<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.6% (YTD: -6.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,993<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.5% (YTD: -9.0%)<\/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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,640<\/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\">-3.3% (YTD: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,187<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: -2.5%)<\/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\">4,951<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.5% (YTD: -4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,074<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.0% (YTD: -13.7%)<\/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>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\">8,055<\/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% (YTD: -1.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,878<\/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\">-4.6% (YTD: -0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 65.58<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.5%<\/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>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 3.84<\/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\">-7.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,035.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.8%<\/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>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 78,047<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.7% (YTD: -16.4%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 6.8% <strong>yesterday <\/strong>on turnover of SAR 8.4 bn. The index is down 8.0% 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> Nama Chemicals (+0.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Chemanol (-10.0%), Riyadh Cement (-10.0%) and Wafrah (-10.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 6.5% <strong>yesterday <\/strong>on turnover of SAR 70 mn. The index is up 9.0% 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>Paper Home (+9.2%), Quara (+8.2%) and Multi Business (+3.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Obeikan Glass (-19.6%), AME (-15.4%) and TMC (-14.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">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:\/\/www.aljaziratakaful.com.sa\" style=\"\" rel=\"noopener\">Aljazira Takaful Taawuni<\/a><\/strong><strong>\u2019s board recommended distributing SAR 19.8<\/strong><strong> mn in dividends for <\/strong><strong>FY 2024 at SAR 0.30 per share<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86307&anCat=1&cs=8012&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The distribution date will be announced after receiving shareholders\u2019 approval. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95785\" 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\/04\/07\/95785\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95785\" class=\"content-area-description single-story post-95785 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;\">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>10 April (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tesla.com\/en_sa\/event\/tesla-kingdom-of-saudi-arabia\" style=\"\">Tesla launch event<\/a><\/span><span style=\"font-weight:400;\">, Bujairi Terrace, 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;\">14-15 April (Monday-Tuesday): MESH Core Riyadh Conference for Innovation in Healthcare, 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;\">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:400;\">29 April (Tuesday): Deadline to submit feedback on proposed amendments to the rules for special purpose entities (SPEs). <\/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 (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;\">5 May (Monday): Opec+ 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;\">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\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>Net foreign assets drop in Feb | Acwa Power x Uzbekistan | Tadawul closes 1Q in the red | Forbes brings Saudi b\u2019naires back<\/p>\n","protected":false},"featured_media":95762,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-95761","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8b5a1af1-2d14-41f0-a4b0-94c792f0b675","teaser":"Net foreign assets drop in Feb | Acwa Power x Uzbekistan | Tadawul closes 1Q in the red | Forbes brings Saudi b\u2019naires back","photo_url":"https:\/\/ent.news\/2024\/7\/1816.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>Tariffs 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