{"id":96252,"date":"2025-04-22T00:00:00","date_gmt":"2025-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=96252"},"modified":"2025-12-14T20:49:02","modified_gmt":"2025-12-14T20:49:02","slug":"saudi-arabia-leads-push-against-imos-shipping-levies","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/saudi-arabia-leads-push-against-imos-shipping-levies\/","title":{"rendered":"Saudi Arabia leads push against IMO\u2019s shipping levies"},"content":{"rendered":"<section id=\"96254\" 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=\"96254\">\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\/22\/pif-reportedly-plans-to-tap-sukuk-market-for-some-usd-2-bn-in-the-coming-weeks\/\">\r\n                            THIS MORNING: PIF reportedly plans to tap Sukuk market for some USD 2 bn in the coming weeks                        <\/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\/22\/pif-reportedly-plans-to-tap-sukuk-market-for-some-usd-2-bn-in-the-coming-weeks\/\" 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 are rapidly approaching the summer, and business is starting to regain momentum as we\u2019re seeing more activity in debt, M&A and IPO markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>In this morning\u2019s news well: <\/strong>Saudi Arabia is taking the helm in the fight against a new shipping levy proposed by the International Maritime Organization (IMO), a move that could impact the Kingdom's oil exports and shipping costs. Meanwhile, BRF and HPDC are breaking ground on a new food processing plant in Jeddah, aiming to boost the Kingdom's food security. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>ALSO- The earnings season is picking up steam, <\/strong>with Riyad Bank and Banque Saudi Fransi reporting 1Q earnings. Let\u2019s dive in<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- Would you like to have lunch with us on Monday, 5 May? <\/strong>If so, hit reply to this email to let us know you\u2019re like to be considered and tell us a little bit about yourself and what you do as a professional. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wait, lunch? <\/strong>Yes, lunch. We\u2019re inviting a small group of readers to join us to talk over where the economy and business climate stand now and where they\u2019re heading through 2030. Expect good food, good company, and frank talk about what we are convinced is the most exciting business opportunity in the world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Seating is strictly limited and the gathering is invitation-only. <\/strong>The gathering will take place under Chatham House rules. We\u2019ll be in touch over the course of the next week with the folks we\u2019re inviting to drop them the details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1219.gif?ssl=1\"\/><\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian Prime <\/strong><strong>Minister Narendra Modi will arrive in Saudi Arabia today on a two-day <\/strong><strong>visit<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/39428\/Visit_of_the_Prime_Minister_of_India_to_the_Kingdom_of_Saudi_Arabia_April_2223_2025\" style=\"\" rel=\"noopener\">statement<\/a> by India\u2019s External Affairs Ministry. This marks Modi\u2019s third visit to the Kingdom \u2014 after previous trips in 2016 and 2019 \u2014 and follows Crown Prince Mohammed bin Salman\u2019s visit to New Delhi in September 2023. The leaders are expected to discuss means for deepening bilateral relations and cooperation across key sectors like trade, investment, energy, defense, technology, and culture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The International Monetary Fund (IMF) is set to release the full <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2025\/04\/22\/world-economic-outlook-april-2025?cid=ca-com-compd-pubs_belt\" style=\"\" rel=\"noopener\">World Economic<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2025\/04\/22\/world-economic-outlook-april-2025?cid=ca-com-compd-pubs_belt\" style=\"\" rel=\"noopener\">Outlook<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2025\/04\/22\/world-economic-outlook-april-2025?cid=ca-com-compd-pubs_belt\" style=\"\" rel=\"noopener\">(WEO)<\/a><\/strong><strong> for April 2025 today<\/strong> at 4:00 PM Saudi time. The fund\u2019s Kristalina Georgieva <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/imf-expects-notable-markdowns-growth-forecasts-no-global-recession-2025-04-17\/\" style=\"\" rel=\"noopener\">indicated<\/a> last week the report will feature \"notable markdowns\" in growth projections due to rising trade tensions and instability in the trading system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Storms may stir the skies above Riyadh, while clouds gather over Madinah and Makkah.<\/p>\n<ul>\n<li>Riyadh: 38\u00b0C daytime \/ 26\u00b0C overnight <\/li>\n<li>Makkah: 44\u00b0C daytime \/ 27\u00b0C overnight <\/li>\n<li>Madinah: 38\u00b0C daytime \/ 22\u00b0C overnight <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Registra<\/strong><strong>tion for the DL-101 Intellectual Property Basic<\/strong><strong> Course <\/strong><strong>is now open until 13 May<\/strong>, the Saudi Authority for Intellectual Property (SAIP) announced in a post on <a target=\"_blank\" href=\"https:\/\/x.com\/SAIPKSA\/status\/1913929778198950229\" style=\"\" rel=\"noopener\">X<\/a>. The free, self-paced course \u2014 in partnership with the WIPO Academy \u2014 runs from 14 May to 16 June. It covers the fundamentals of international and Saudi intellectual property laws and regulations. Participants who pass the final exam will receive an internationally accredited certificate and be allowed to register in future advanced courses. You can register <a target=\"_blank\" href=\"https:\/\/www.saip.gov.sa\/academy\/2869\/\" style=\"\" rel=\"noopener\">on SAIP\u2019s website<\/a>.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> <\/strong><strong>The Public Investment Fund (PIF) is planning to raise USD 1.5\u20132 bn through a<\/strong><strong> sukuk <\/strong><strong>issuance in the coming weeks<\/strong>, as the Kingdom looks to fill budget gaps caused by falling oil prices, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/gulf-issuers-plan-more-debt-sales-undeterred-by-recent-market-turmoil-sources-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing two sources it said are in the know. The PIF raised some USD 11 bn so far this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks are also expected to tap the debt market<\/strong>. Banque Saudi Fransi will reportedly issue an above benchmark bond this week, the sources told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The Kingdom was the biggest issuer of bonds and sukuk in the GCC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/94bc5dd8-1466-4e69-98e6-99e9c56e3818\/saudi-accounts-for-the-lion%25e2%2580%2599s-share-of-gcc-debt-in-1q\" style=\"\" rel=\"noopener\">last quarter<\/a>, raising USD 31.1 bn across 46 issuances. While Saudi debt sales were down 19.7% y-o-y, the Kingdom still accounted for the lion\u2019s share of the market at 60.2% of the region\u2019s total USD 51.51 bn from 125 transactions during the first quarter of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>Tadawul-list<\/strong><strong>ed Jarir Marketing<\/strong><strong> is launching a consumer finance company set to begin <\/strong><strong>operations in 2026<\/strong>, Chairman Mohammed Al Agil told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/04\/20\/-%D8%AC%D8%B1%D9%8A%D8%B1-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%AA%D8%A7%D8%A6%D8%AC%D9%86%D8%A7-%D8%AC%D9%8A%D8%AF%D8%A9-%D8%A8%D8%A7%D9%84%D9%86%D8%B8%D8%B1-%D8%A7%D9%84%D9%89-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B3%D8%A9-%D8%A7%D9%84%D8%B4%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D9%88%D9%82\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The company will support Jarir\u2019s ability to finance future purchases and strengthen competitiveness.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Jarir\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e337ff7f-1b05-4710-82de-b7ff334b9e75\/almarai,%253cmark%253e-jarir%253c%2Fmark%253e-marketing%25e2%2580%2599s-net-income-falls-short-of-expectations-in-1q\" style=\"\" rel=\"noopener\">financial results<\/a> fell short of analyst expectations in 1Q 2025 with a net income of SAR 217.3 mn. A 2-3% rise in costs to cover 31% growth in buy-now-pay-later (BNPL) services led to lower income margins, Alagil explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>The Euro<\/strong><strong>pean Union is ready to resume free trade talks with the Gulf Cooperation<\/strong> <strong>Council<\/strong>, European Parliament Foreign Affairs Committee Chair David McAllister told <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/business\/5134582-eu-says-ready-resume-free-trade-talks-gulf\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a>. A proposal for negotiations launched by the European Commission on 1 April is awaiting approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The exemption of Schengen visas for Saudis may face hurdles, said McAllister, as the EU must first develop a new strategy that gains approval from all members of the bloc. EU Ambassador to Saudi Arabia Christophe Farnaud said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/623ca7e1-fe6c-48e8-8a81-107745d9679a\/coffee-chain-barns-gears-up-for-listing-%2B-eu-mulls-exempting-saudis-from-short-stay-visas#:~:text=Saudi%20nationals%20may%20soon%20be%20exempt%20from%20short%2Dstay%20visa%20requirements%20to%20the%20EU%E2%80%99s%2027%2Dmember%20Schengen%20area\" style=\"\" rel=\"noopener\">last week<\/a> that Saudis are to be exempt from Schengen visas in the coming months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign <\/strong><strong>institutions were net buyers on Tadawul to the tune of SAR 373.7 mn last week<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1322.pdf\" style=\"\" rel=\"noopener\">exchange\u2019s weekly ownership and trading activity report (pdf)<\/a>. Qualified foreign investors topped the list among non-Saudi investors with purchases amounting to SAR 8.3 bn \u2014 representing 29.6% of total buys. GCC investors also booked a net buying position of SAR 64.1 mn, while local investors were bearish with net buys worth SAR 437.8 mn.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The global foreign press is split between two stories this morning:<\/strong> Pope Francis\u2019 death and the latest sell-off on Wall Street. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Obituaries for Pope Francis, who died at 88 due to a stroke and cardiac arrest a day after Easter Sunday, are pouring in<\/strong>, with many looking at his role in reforming the Catholic Church. Focus is also turning to who will succeed him among his 252 cardinals, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/after-pope-francis-death-focus-turns-cardinals-who-will-choose-his-successor-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Obituaries are everywhere: <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/424ee29b-4715-4fb9-abdb-c7754d835adc\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/obituary-pope-francis-shook-up-church-with-simplicity-raising-conservative-ire-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/04\/21\/europe\/pope-francis-obituary-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/news\/obituaries\/pope-francis-obituary-roman-catholic-church-b2424609.html\" style=\"\" rel=\"noopener\">The Independent<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/obituaries\/2025\/04\/21\/pope-francis-obituary-dead\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also getting plenty of ink this morning:<\/strong> A sell-off hit Wall Street on the first day back from the long weekend after US President Donald Trump renewed his criticism of US Federal Reserve Chair Jerome Powell, saying on his social media platform Truth that he must lower interest rates \u201cNOW\u201d to give the economy a boost. The S&P 500 ended the day down 2.4%, while the tech-heavy Nasdaq fell 2.6%. The USD also took a beating, falling 1.5% to a three-year low against a basket of major trading partners. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1cd3d21c-a3eb-43a4-b174-cbab1304b282\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-21\/traders-unfazed-in-quietest-market-selloff-as-big-days-pile-up?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/21\/us-dollar-falls-to-three-year-low-as-trumps-powell-threats-further-dent-investor-confidence.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/stocks\/global-stocks-markets-dow-news-04-21-2025-5bdd7935?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/us-stock-futures-drop-trump-takes-aim-powell-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- It\u2019s earnings week: <\/strong>Tesla will today kick off a more tense earnings season than usual for Big Tech as companies grapple with the impact of tariffs on their businesses and margins in their forecasts. Alphabet will follow with its earnings report on Thursday, while Apple, Meta, Microsoft, and Nvidia are expected to file earnings reports next week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/events.meed.com\/event\/saudigigaprojects\/\" style=\"\" rel=\"noopener\">Saudi Gig<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/events.meed.com\/event\/saudigigaprojects\/\" style=\"\" rel=\"noopener\">a Projects Summit<\/a><\/strong><strong> will take place<\/strong><strong> between 12-14 May at The Venue <\/strong><strong>in <\/strong><strong>Riyadh<\/strong>, offering in-depth updates on the Kingdom\u2019s giga developments. The Meed-organized event will cover construction progress, sector-wide prospects, and emerging technologies, offering a spotlight on key projects. More than 40 speakers, 150 company representatives, and 600 attendees will explore trends in supply chains, advanced manufacturing, and demand outlooks through a series of conferences, workshops, meetings, and closed receptions.<\/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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96256\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15542.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96257\" 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=\"96257\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/saudi-leads-the-fight-against-new-imo-levy-on-shipping-emissions\/\">\r\n                            Saudi leads the fight against new IMO levy on shipping emissions                        <\/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\/22\/saudi-leads-the-fight-against-new-imo-levy-on-shipping-emissions\/\" 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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GCC states unanimously voted against the decision, indicating they will pull their weight to torpedo the proposed plans ahead of a final vote in October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The IMO approved draft amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) that would force the global shipping industry \u2014 which is responsible for 3% of world\u2019s GHG emissions \u2014 to reduce and pay for a portion of its emissions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/03bd3354-54aa-418b-bbc6-59e924ed9126\/%253cmark%253eimo%253c%2Fmark%253e-pushes-ahead-with-emissions-levy-on-shipping\" style=\"\" rel=\"noopener\">last week<\/a>. The new rules \u2014 set to be formally adopted this October \u2014 will take effect by 2027 and apply to ships over 5k gross tonnes, covering 85% of international shipping\u2019s emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it will work: <\/strong>The draft sets two escalating emissions targets, requiring gradual cuts to ships\u2019 GHG fuel intensity. A stricter standard mandates a 17% cut by 2028 from 2008 levels, increasing to 21% by 2030 and 43% by 2035, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d614416a-1ee2-44da-b6c4-fa4b064d6349\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Friday. Ships that fail to meet this strict target would pay USD 100 per excess tonne of CO2 equivalent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The softer target would see cuts by 4% by 2028 and 8% by 2030<\/strong>, increasing to 30% by 2035, but failure to meet this level would result in steeper fees of up to USD 380 per excess tonne. The system also allows for credit trading, with compliant vessels able to sell credits to those that fall short.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1369.png?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proposed tax is expected to hit GCC countries from two angles<\/strong>, undermining demand for marine fuels derived from oil, and increasing the overall cost of shipping crude oil globally. As it stands, a standard 2 mn barrel of VLCC travelling from the Gulf to China could face charges of USD 1.6 mn in the first year of the tax\u2019s implementation, according to MEES calculations based on Kpler data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC countries are not happy:<\/strong> The coalition opposed the slightly higher original baseline and \u201c[objected] to the selection of any price per unit of carbon\u201d in a statement to the IMO seen by Mees. The statement indicated that a proposed tax would unproportionally \u201cendanger exports from developing countries,\u201d as it would lead to a hike in global prices for goods shipped by sea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> The statement proposes that the system of credits \u2014 as agreed upon in the draft \u2014 remains, rewarding those who exceed IMO targets with credits and penalizing those who do not with \u201cgradual cost increases.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- IMO head Arsenio Dominguez is defending the levies, <\/strong>estimating it c <a target=\"_blank\" href=\"https:\/\/time.com\/7276725\/meeting-on-shipping-emissions-could-prompt-world-first-global-carbon-tax\/\" style=\"\" rel=\"noopener\">ould<\/a><a target=\"_blank\" href=\"https:\/\/time.com\/7276725\/meeting-on-shipping-emissions-could-prompt-world-first-global-carbon-tax\/\" style=\"\" rel=\"noopener\">generate USD 11-13 bn annually<\/a> that would go to a newly proposed net-zero fund aimed at supporting clean fuel adoption, rewarding low-emission ships, and helping developing states upgrade high-emission fleets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The GCC isn\u2019t alone:<\/strong> Sixteen countries voted against the draft \u2014 nine of which were from our region, including Iran, Iraq, Jordan, Yemen, Oman, Bahrain, Saudi Arabia, Qatar, and the UAE. The draft was passed with support from 63 countries, including China and Brazil \u2014 which were previously reported in February to formally oppose the levy.<\/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\/climate\/\">CLIMATE<\/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=\"96259\" 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=\"96259\">\r\n            \r\n           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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/41.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96260\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/brf-hpdc-break-ground-on-usd-160-mn-jeddah-food-plant\/41-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/41.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"41.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/41.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/41.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96259\" class=\"content-area-description single-story post-96259 post type-post status-publish format-standard has-post-thumbnail hentry category-food tag-brf-arabia tag-enterpriseam-ksa tag-food 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\/.c1088a04-45d5-43cd-b5a8-fdb1f9df66f2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>BRF + H<\/strong><strong>PDC break ground on Jeddah factory:<\/strong> Brazil-based food processor <a target=\"_blank\" href=\"https:\/\/www.brf-global.com\/en\/about\/brf\/\" style=\"\" rel=\"noopener\">BRF<\/a> and PIF-owned <a target=\"_blank\" href=\"https:\/\/www.hpdc.sa\/en\" style=\"\" rel=\"noopener\">Halal Products Development Company<\/a> (HPDC) started building a new USD 160 mn processed food factory in Jeddah with an annual capacity of 40k tons, according to a <a target=\"_blank\" href=\"https:\/\/imprensa.brf-global.com\/en\/news\/brf-and-hpdc-announce-new-food-plant-in-jeddah-saudi-arabia\/\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plant is being developed by BRF Arabia<\/strong>, a JV established in August 2023, with 70% owned by BRF and 30% owned by HDPC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The investment will be spread across 2025 and 2026, spending some USD 63 mn this year and USD 98 mn next year. The factory\u2019s design will allow for a future expansion to double production. The project is expected to create over 500 direct jobs and will initially rely on raw materials from Brazil, slated to begin operations in mid-2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis new plant reinforces our presence and structure in the Kingdom, [and Jeddah\u2019s] strategic location allows for better access to the consumer market and business partners,\u201d says CEO of BRF Arabia Marquinhos Molina.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>BRF Arabia completed its acquisition of a 26% stake in Addoha Poultry for SAR 316.2 mn (USD 84.3 mn) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/256a6be3-6ab5-4f18-b755-503ccc629916\/%253cmark%253ebrf%253c%2Fmark%253e-arabia-closes-sar-316.2-mn-acquisition-of-addoha-poultry\" style=\"\" rel=\"noopener\">in January<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/brf-arabia\/\">BRF Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96261 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"96261\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/96261\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96261\" class=\"content-area-description single-story post-96261 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96262\" 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=\"96262\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/adeer-real-estate-prices-nomu-ipo-at-sar-85-a-piece\/\">\r\n                            Adeer Real Estate prices Nomu IPO at SAR 85 a piece                        <\/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\/22\/adeer-real-estate-prices-nomu-ipo-at-sar-85-a-piece\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company lined up the Capital Market Authority\u2019s approval for the move <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4eef7deb-fdaf-48a8-adaa-7e399262e196\/cma-signs-off-on-umm-al-qura-development-ipo-%2B-a-handful-of-nomu-debuts\" style=\"\" rel=\"noopener\">in December<\/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\"><strong>Market cap + proceeds: <\/strong>The pricing sees the offering raising some SAR 85 mn in proceeds, bringing the company\u2019s market capital to SAR 425 mn at listing, according to EnterpriseAM calculations. Of the proceeds, SAR 2.5 mn will go towards covering IPO-related expenses, while the rest will be distributed among the selling shareholders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IPO timeline: <\/strong>The offering period will run from Sunday, 4 May to Thursday, 8 May. Qualified investors can subscribe to a minimum of 10 shares and a maximum of 250k shares. Final shares allocation is expected by 12 May, and surplus refunds are set to be executed within the next three business days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Post-IPO structure + lockup: <\/strong>The company\u2019s five substantial shareholders will see their combined ownership diluted to 80% from 100%, while Sumou Investment\u2019s stake is expected to decline to 60% from 75%. They will not be able to sell their shares for a 12-month period starting from the first day of trading.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Earnings snapshot:<\/strong> Adeer reported a net income of SAR 38.5 mn in 1H 2024, up from SAR 27.8 mn in 1H 2023. The company logged SAR 69.7 mn in revenues during the same period, up from SAR 46.1 mn. 2023 closed out with SAR 50.3 mn in net income and SAR 108.4 mn in revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Musharaka Financial Company is quarterbacking the transaction as lead financial advisor and bookrunner, while Alsaleh, Alsahli & Partners Law Firm is providing legal counsel. Receiving agents include AlRajhi Capital, Derayah Financial, Alistithmar Capital, Albilad Capital, BSF Capital, Riyad Capital, SAB Invest, ANB Capital, Alinma Capital, AlJazira Capital, Yaqeen Capital, AlKhabeer Capital, Sahm Capital, GIB Capital, and SNB Capital.<\/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\/adeer-real-estate\/\">Adeer Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nomu\/\">Nomu<\/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=\"96264\" 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=\"96264\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/\">\r\n                            Othaim Markets renews two lease contracts in Dammam. PLUS: Sumou to develop over 900 units in Makkah for SAR 680 mn                        <\/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\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/\" 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\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/')\">\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\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/\">\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=Othaim Markets renews two lease contracts in Dammam. PLUS: Sumou to develop over 900 units in Makkah for SAR 680 mn&url=https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/\">\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\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/&title=Othaim Markets renews two lease contracts in Dammam. PLUS: Sumou to develop over 900 units in Makkah for SAR 680 mn\">\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=Othaim+Markets+renews+two+lease+contracts+in+Dammam.+PLUS%3A+Sumou+to+develop+over+900+units+in+Makkah+for+SAR+680+mn+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F04%2F22%2Fothaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn%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\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1056.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96265\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/othaim-markets-renews-two-lease-contracts-in-dammam-plus-sumou-to-develop-over-900-units-in-makkah-for-sar-680-mn\/1056-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1056.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1056.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1056.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1056.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96264\" class=\"content-area-description single-story post-96264 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-abdullah-al-othaim-investment tag-abdullah-al-othaim-markets tag-enterpriseam-ksa tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.605dc84b-435e-47ae-9ac6-5b87b0792571.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Abdullah Al Othaim Markets renews two lease contracts in <\/strong><strong>Dammam:<\/strong> Tadawul-listed food retailer <a target=\"_blank\" href=\"https:\/\/www.othaimmarkets.com\/ar\" style=\"\" rel=\"noopener\">Abdullah Al Othaim Markets<\/a> renewed two 15-year lease agreements with <a target=\"_blank\" href=\"https:\/\/www.alothaiminvestment.com\/\" style=\"\" rel=\"noopener\">Abdullah Al Othaim Investment<\/a> with a combined value of SAR 666.9 mn to continue operating in a commercial complex in Dammam. Both contracts will take effect in June 2028 upon the expiry of the current leases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first agreement covers the entire commercial complex<\/strong>, valued at SAR 633.7 mn \u2014 SAR 39 mn annually, with a 4% compounded increase every three years \u2014 it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86605&anCat=1&cs=4001&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second contract covers a showroom in the same complex<\/strong>, valued at SAR 33.2 mn \u2014 with an annual rent of SAR 2.1 mn \u2014 according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86606&anCat=1&cs=4001&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. Both contracts will be submitted to shareholders for approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The food retailer inked a non-binding MoU with <a target=\"_blank\" href=\"https:\/\/www.almusbah.com\/\" style=\"\" rel=\"noopener\">Al Musbah Group<\/a> to acquire a 51% stake in Ebdaa Al Qasr Marketing, which owns and operates 11 branches of <a target=\"_blank\" href=\"https:\/\/www.manuelsupermarket.com\/\" style=\"\" rel=\"noopener\">Manuel Market<\/a> in Riyadh and Jeddah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Abdullah Al Othaim Investment Company is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/82568b72-d9af-4ce9-b9bc-9eeb13d017db\/aramco-is-actively-exploring-more-investments-in-china-%2B%253cmark%253e-othaim%253c%2Fmark%253e-investment-is-planning-for-an-ipo-this-year\" style=\"\" rel=\"noopener\">planning to debut<\/a> on the stock market this year, having tapped financial advisor Saudi Fransi Capital. Proceeds will fund three ongoing projects and 14 new projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER REAL ESTATE NEWS-<\/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:\/\/sumou.com.sa\/eng\/homepage-en\/\" style=\"\" rel=\"noopener\">Sumou R<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sumou.com.sa\/eng\/homepage-en\/\" style=\"\" rel=\"noopener\">eal Estate<\/a><\/strong><strong> landed a SAR 680 mn contract to develop over 900<\/strong> <strong>residential villas in Zone O2 of the Makkah Gate project<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86596&anCat=1&cs=4323&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Updates will be announced once the sub-development contract with the National Housing Company is signed, it added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The company signed two contracts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/fd0a6a64-269c-45cb-8832-f8a9575e894c\/educhain-acquires-india-born-schools-management-platform-rarome#:~:text=Sumou%20Real%20Estate%20to%20build%20Riyadh%20and%20Dammam%20projects%3A\" style=\"\" rel=\"noopener\">in February<\/a> with the Saudi Railway Company totaling SAR 64.4 mn to develop the Al Malaz project in Riyadh and the Arina project in Dammam. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/787298b1-81b9-475e-8b3e-9d217aecf559\/%253cmark%253esumou%253c%2Fmark%253e-%2B-al-jazira-to-establish%253cmark%253e-real%253c%2Fmark%253e%253cmark%253e-estate%253c%2Fmark%253e-fund\" style=\"\" rel=\"noopener\">In January<\/a>, Sumou Real Estate Company, <a target=\"_blank\" href=\"https:\/\/www.aljaziracapital.com.sa\/en\/\" style=\"\" rel=\"noopener\">Al Jazira Capital<\/a>, and Sumou Global Investment signed a contract to establish a real estate investment fund to acquire and develop lands in the Kingdom, with a project pipeline valued at upwards of SAR 2 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\/abdullah-al-othaim-investment\/\">Abdullah Al Othaim Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/abdullah-al-othaim-markets\/\">Abdullah Al Othaim Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96266\" 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=\"96266\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/first-mills-secures-sar-630-mn-loan-from-saudi-awwal-bank\/\">\r\n                            First Mills secures SAR 630 mn loan from Saudi Awwal Bank                        <\/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\/22\/first-mills-secures-sar-630-mn-loan-from-saudi-awwal-bank\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The facility is backed by promissory notes and will be available until the end of December 2035.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going? <\/strong>The facility will go towards financing debt repayments, working capital requirements, bank guarantee facilities, and letters of credit (when required), the statement adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Making moves:<\/strong> The General Authority for Industrial Cities and Technology Zones (Modon) signed an agreement with the First Mills to invest SAR 80 mn in a 54k sqm plot <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3bab9031-6de7-4d1c-b0c7-b4acf4de4c04\/arab-energy-fund-issues-usd-650-mn-5-year-senior-bond\" style=\"\" rel=\"noopener\">last month<\/a>. The company received board approval to set up a SAR 123 mn flour milling unit in its Al Qassim plant back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ace85096-b1e9-479e-b072-ae1fb47cddad\/some-sar-2.6-bn-sales-contracts-signed-for-projects-in-khayala-development\" style=\"\" rel=\"noopener\">in December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture:<\/strong> First Mills reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/00ee50a5-1fd3-4e29-9728-33b7297aa853\/sabic-agri-nutrients,%253cmark%253e-first-mills%253c%2Fmark%253e,-zain-post-2024-earnings\" style=\"\" rel=\"noopener\">a 13.9% y-o-y increase<\/a> net income in 2024 to SAR 250.9 mn, buoyed by higher feed and flour sales, expanding margins for small-packed products, improvements in cost-efficiency, and optimization of liquidity management. Meanwhile, revenues for the year grew 8.8% y-o-y to SAR 1.1 bn, pushed by stronger feed and flour sales, higher gross income (up 10.4% y-o-y), and better product mixes and pricing strategies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> First Mills was the first milling company to go public in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3ede1094-8051-47d2-ac1b-16fa0be844f7\/miller-mc4-eyes-ipo-in-1h-2024\" style=\"\" rel=\"noopener\">May 2023<\/a> with a USD 266 mn IPO, as part of the government\u2019s efforts to privatize the sector.<\/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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/first-mills\/\">First Mills<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-awwal-bank\/\">Saudi Awwal Bank<\/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=\"96268\" 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=\"96268\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/riyad-bank-1q-earnings-beat-analyst-expectations-banque-saudi-fransi-net-income-up-16-4\/\">\r\n                            Riyad bank 1Q earnings beat analyst expectations                        <\/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\/22\/riyad-bank-1q-earnings-beat-analyst-expectations-banque-saudi-fransi-net-income-up-16-4\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The results beat <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/79281\/%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6-%D8%AA%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-%D8%A7%D9%84%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">analyst expectations<\/a>, which saw the bank's net income reaching SAR 2.3 bn during the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong><strong>Riyad<\/strong><strong> Bank\u2019s total income from financing grew 11.8% <\/strong><strong>y-o-y<\/strong><strong> to SAR 5.66 bn in 1Q 2025<\/strong>, while total income from investments increased 13.8% y-o-y to SAR 694.2 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis<\/strong>, Riyad Bank\u2019s net income was up 10.1% q-o-q, its total income from financing dipped 2.8%, and its total income from investments inched up 0.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/41dd5bd1-5374-4a38-b2b5-38c040d87add\/%253cmark%253eriyad-bank%253c%2Fmark%253e-fully-redeems-usd-1.5-bn-sukuk\" style=\"\" rel=\"noopener\">In February<\/a>, Riyad Bank fully redeemed its USD 1.5 bn Tier 2 fixed-rate bonds, five years ahead of their maturity. It also closed a SAR 2 bn additional tier 1 (AT1) capital sukuk offering under its SAR 10 bn AT1 sukuk program <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2bce2c0f-e35d-48b6-a686-d1743e0a96e4\/%253cmark%253eriyad-bank%253c%2Fmark%253e-wraps-up-sar-2-bn-at1-sukuk-offering\" style=\"\" rel=\"noopener\">in January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANQUE SAUDI FRANSI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banque Sau<\/strong><strong>di Fransi (BSF) saw its net income increase 16.4% y-o-y to SAR 1.34 bn <\/strong><strong>in 1Q <\/strong><strong>2025<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86598&anCat=1&cs=1050&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul. Total income from financing rose 7.9% y-o-y to SAR 3.6 bn, while total income from investments increased 21.3% y-o-y to SAR 643 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis<\/strong>, the bank\u2019s net income rose 19.8%, compared to SAR 1.1 bn in 4Q 2024. Meanwhile, total income from financing inched up 0.6% q-o-q, while income from investments rose 2.6%.<\/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\/banque-saudi-fransi-bsf\/\">Banque Saudi Fransi (BSF)<\/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\/riyad-bank\/\">Riyad Bank<\/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=\"96270\" 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=\"96270\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">SAUDI IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/facing-higher-power-bills-local-businesses-turn-to-rooftop-solar\/\">\r\n                            Local businesses turn to rooftop solar to cut power bills                        <\/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 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<\/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\/22\/facing-higher-power-bills-local-businesses-turn-to-rooftop-solar\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1362.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96271\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/facing-higher-power-bills-local-businesses-turn-to-rooftop-solar\/1362-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1362.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1362.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1362.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1362.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96270\" class=\"content-area-description single-story post-96270 post type-post status-publish format-standard has-post-thumbnail hentry category-saudi-in-the-news tag-enterpriseam-ksa tag-renewables tag-saudi-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.fc30ef8f-29ed-4316-9d7f-693a0071c990.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Local bu<\/strong><strong>sinesses turning to rooftop solar panels made headlines in the foreign press.<\/strong> The Financial Times eyed the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f6dc634b-6ad8-4011-999a-a3d966542446\" style=\"\" rel=\"noopener\">surge in solar setups in the Kingdom<\/a> as businesses look to cut electricity costs following the government\u2019s scrapping of energy subsidies and the availability of cheaper China-made solar panels.<\/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>Experts attributed the Kingdom's solar energy shift to fiscal <\/strong><strong>reforms<\/strong>, which drove up diesel prices by 44% y-o-y last year, along with cheaper Chinese solar panels, and USD 21.6 bn in Chinese clean technology from 2021 to last October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIt\u2019s paying back,\u201d the salmon-colored paper quoted Fakeeh Care Group\u2019s head Mazen <\/strong><strong>Fakeeh as saying. <\/strong>The company\u2019s solar setup in its Jeddah car park slashed its electricity bills in 2024 by over SAR 170k. The 103-year-old Tamar Group also saved over SAR 440k after installing solar panels over its logistics hubs\u2019 rooftops in Jeddah and Riyadh, encouraging it to cover all its major distribution centers within two years, according Tamar\u2019s chief supply chain officer Amr Elmansoury.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is more inclined to shift?<\/strong> Commercial entities \u2014 who pay the highest electricity rate in the Kingdom at SAR 0.3\/kWh \u2014 stand to gain the most by adopting solar rooftops. \u201cIt just makes financial sense,\u201d Faris Al Sulayman, co-founder of the solar startup Haala Energy, told the paper. Industrial users, on the other hand, are less incentivized to switch, given their lower rates at SAR 0.18\/kWh, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- All part of a bigger plan:<\/strong> The renewables push comes under Saudi Arabia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/41c38650-cacb-4e3f-a3af-9ab9c1283b76\/saudi-arabia%25e2%2580%2599s-renewable-energy-capacity-to-double-by-year-end\" style=\"\" rel=\"noopener\">National Renewable Energy Program<\/a>, which aims to phase out oil burning to reach a 50\/50 mix of renewables and gas by 2030. The Energy Ministry is targeting 20 GW of new capacity per year to reach <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eb47707f-bb1f-4329-b544-665da96f0d45\/acwa-power-secures-funding-for-three-major-solar-projects\" style=\"\" rel=\"noopener\">100-130 GW<\/a> of output from renewable power by the end of the decade.<\/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\/renewables\/\">RENEWABLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-in-the-news\/\">SAUDI IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96272\" 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=\"96272\">\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\/22\/aramco-byd-join-forces-for-ev-tech-research\/\">\r\n                            Aramco, BYD join forces for EV tech research                        <\/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\/22\/aramco-byd-join-forces-for-ev-tech-research\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The pair will target enhanced efficiency and environmental performance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Aramco purchased <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/954bdae3-cdbe-4325-9704-5f02e8d2dc50\" style=\"\" rel=\"noopener\">in December<\/a> a 10% stake in next-gen vehicles company Horse Powertrain \u2014 a JV between French carmaker Renault and China\u2019s Geely. Aramco\u2019s subsidiary Mukamalah Aviation partnered with US eVTOL manufacturer Joby Aviation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/abaeb640-c6c0-4af4-85c2-4e040d33eec7\" style=\"\" rel=\"noopener\">last year<\/a> to deploy eVTOLs in Saudi Arabia.<\/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\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco taps KBR for SRU upgrade: <\/strong>Saudi Aramco has awarded Saudi FEED specialist KBR-AMCDE a contract to upgrade the Sulfur Recovery Units (SRU) at its <a target=\"_blank\" href=\"https:\/\/www.aramcolife.com\/en\/publications\/the-arabian-sun\/articles\/2024\/week-18\/haradh-and-hawiyah-gas-compression-project-feature\" style=\"\" rel=\"noopener\">Haradh and Hawiyah gas plants<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/kbr-amcde_kbr-amcde-has-been-awarded-a-contract-by-activity-7319687752369750016-4eaI\/?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAACqFS8EBAoOhN54MCTbAH_45Ac27qvGlyfM\" style=\"\" rel=\"noopener\">statement<\/a>. The upgrade would increase sulfur recovery efficiency from around 95% to 99.9% and reduce sulfur emissions from 4.3k ppmv to 250 ppmv, aligning with regulations set by the Ministry of Environment, Water, and Agriculture. The company aims to reach <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/sustainability\/climate-and-energy\" style=\"\" rel=\"noopener\">net zero scope 1 and 2 emissions by 2050<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A WATCH-<\/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:\/\/alareeb.sa\/ar\/home\/\" style=\"\" rel=\"noopener\">Alareeb<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/alareeb.sa\/ar\/home\/\" style=\"\" rel=\"noopener\">Holding<\/a><\/strong><strong> acquired 8<\/strong><strong>0% of <\/strong><strong>Al Janbain Media Production <\/strong>to expand its presence in the audiovisual production sector, the company said in a post on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/alareebsa_aepaesaehaezaeyaeqabraepaesaeqaepaeqaeeaer-activity-7319976593819369473-grgP?utm_source=share&utm_medium=member_desktop&rcm=ACoAADcc9s0BqbX_KIfcdiR9Co3ThUUfykvz4-o\" style=\"\" rel=\"noopener\">Linkedin<\/a>. The value of the transaction was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Earlier this month, Alareeb Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7fe5a5ee-a5ff-4a9c-a1f1-bd74636e5cc0\/uae-based-quiqup-touches-down-in-saudi\" style=\"\" rel=\"noopener\">acquired 80%<\/a> of HR solutions provider VTCHR and 30% of local engineering consultancy services company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/234fcf30-0fe9-4f2c-9704-b4d5cda15834\/elm-secures-sar-1.9-bn-financing-to-fuel-acquisitions\" style=\"\" rel=\"noopener\">Pioneer Landmarks<\/a> for undisclosed amounts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mawani expa<\/strong><strong>nds Jeddah Islamic Port links:<\/strong> The Saudi Port Authority (Mawani) added CStar Line\u2019s shipping service IMB1 to Jeddah Islamic Port, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2302723\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The new service, which boasts a capacity of 2.1k TEUs, will connect the Jeddah port to the ports of Nhava Sheva and Mundra in India, Evyap in Turkey, Novorossiysk in Russia, and Jebel Ali in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ce34ea34-f4f4-4439-8cb3-48842e18c64b\/pfl-partners-up-with-uae-based-streaming-platform-starzplay#:~:text=Mawani%20adds%20new%20shipping%20service%20to%20Jeddah%20Islamic%20Port%3A\" style=\"\" rel=\"noopener\">Last month<\/a>, Mawani added Culines\u2019 JPS shipping service to Jeddah Islamic Port, connecting it to Port Sudan with a capacity of 450 TEUs.<\/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\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pepsico opened its expanded regional headquarters in Riyadh\u2019s King Abdullah<\/strong><strong> Financial <\/strong><strong>District<\/strong>, covering 2.8k sqm and accommodating over 150 employees, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/pepsico-inaugurates-middle-east-hq-announces-sar-30mln-r-and-d-hub-j8n04l1e\" style=\"\" rel=\"noopener\">press release<\/a>. The company also plans to set up a SAR 30 mn research and development center, including a culinary facility and sensory studio, this year in Saudi Arabia for product and packaging innovation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big footprint:<\/strong> The company invested over SAR 9 bn in Saudi Arabia in the last eight years, including a SAR 199 mn factory expansion in Dammam in 2023, and acquired land lease rights worth SAR 9.5 mn in Riyadh\u2019s second industrial city from Naqi Water <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eb2a3fec-cb4b-4e57-8426-19123ba3b4a1\/hassan-allam-construction-saudi-to-build-primary-coral-reef-nursery-in-neom.-plus:-m&a,-investment-and-hospitality#:~:text=expand%20production%20lines.-,REMEMBER%2D,-Naqi%20Water%20transferred\" style=\"\" rel=\"noopener\">last year<\/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\/alareeb-holding\/\">Alareeb Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/huawei\/\">Huawei<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/king-abdullah-financial-district-development-and-management-company\/\">King Abdullah Financial District Development and Management Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-ports-authority-mawani\/\">Saudi Ports Authority (Mawani)<\/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=\"96274\" 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=\"96274\">\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\/22\/chinas-rare-metals-restrictions-threaten-car-manufacturers\/\">\r\n                            China's rare metals restrictions threaten car manufacturers                        <\/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\/22\/chinas-rare-metals-restrictions-threaten-car-manufacturers\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The full impact of these latest controls is still unclear, but carmakers are already raising concerns based on current stockpiles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s happening? <\/strong>The new controls now encompass seven heavy and medium rare earths, such as dysprosium, terbium, and samarium, vital for manufacturing electric vehicles and wind turbines. These controls expand on measures that have been implemented by China since 2023 in response to US restrictions on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2b79af07-12dd-4d43-84cd-afd22a2aa6fb\/the-us-is-trying-to-curb%253cmark%253e-china%253c%2Fmark%253e%25e2%2580%2599s-chipmaking-industry.-western-companies-are-paying-the-price.\" style=\"\" rel=\"noopener\">chip technology<\/a>, requiring exporters to obtain licenses for each overseas shipment and banning re-exports to the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new controls came after US President Trump <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/trump-signs-order-launching-probe-into-reliance-imported-critical-minerals-2025-04-15\/\" style=\"\" rel=\"noopener\">launched a probe<\/a><\/strong><strong> into mineral and <\/strong><strong>product imports <\/strong><strong>last week<\/strong>, to assess the need for higher tariffs. Findings are due within 180 days, which could override the tariffs imposed last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beijing\u2019s strategy: <\/strong>The expanded measures are understood to be a response to the 145% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a5d65f85-d7b8-4abe-ac75-282e08d7e86b\/%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253echina%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ebraces%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efight%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eend%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eagainst%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eus%253cmark%253e%253c%2Fmark%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253etariffs%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e\" style=\"\" rel=\"noopener\">tariff hike<\/a> levied by the Trump administration on Chinese goods, in a bid to pressure US companies to lobby Washington into changing tariff policies, an unnamed senior automotive executive told the financial publication.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The implications could be severe: <\/strong>EV automakers were caught off guard, with suppliers holding only 2-3 months\u2019 worth of magnets, causing \u201cgenuine problems\u201d in the automotive supply chain, said Jan Giese, Frankfurt-based Tradiu\u2019s Senior Manager for Minor Metals and Rare Earth Elements. An unnamed Japanese government official echoed the same concern, telling the salmon-colored paper that there\u2019s not enough time to establish alternative supply chains before current stockpiles are exhausted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIt\u2019s really kind of tough all the way around,\u201d <\/strong>S&P Global auto analyst Stephanie Brinley told Politico's <a target=\"_blank\" href=\"https:\/\/www.eenews.net\/articles\/how-a-trade-war-could-move-american-evs-out-of-reach\/\" style=\"\" rel=\"noopener\">E&E News<\/a>. The projected 700k drop in US car sales this year makes it comparable to the tough markets of the 2009 recession and the 2020 pandemic, Brinely said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>China holds a near monopoly on heavy rare earths processing, and the imposed export controls cover medium and heavy rare earths \u2014 materials that are difficult and costly to extract, both financially and environmentally \u2014 Giese told the Financial Times.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breaking the monopoly: <\/strong>Japan and other nations are pinning hopes on Australia\u2019s <a target=\"_blank\" href=\"https:\/\/lynasrareearths.com\/\" style=\"\" rel=\"noopener\">Lynas<\/a>, as the rare earth mining company is set to expand its Malaysian processing site to produce dysprosium and terbium by mid-2025.<\/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 slightly inching down this morning<\/strong>, affected by Wall Street losses after Trump\u2019s attacks on the Fed. Hong Kong\u2019s Hang Send is down 0.6%, while Japan\u2019s Nikkei is down 0.1%, and Shanghai Composite is slightly up 0.2%. <strong>Meanwhile, US futures are on the rise<\/strong>, signalling potential recovery when markets 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\">11,549<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: -4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,467<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -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>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\">28,638<\/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\">-1.2% (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-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,063<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.5%)<\/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>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\">9,272<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,104<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5158<\/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\">-2.4% (YTD: -12.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,276<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,935<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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 66.26<\/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\">-2.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.04<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3442.90<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 87,101.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.7% (YTD: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 0.7% <strong>yesterday <\/strong>on turnover of SAR 3.6 bn. The index is down 4.1% 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> Alistithmar Reit (+9.9%), SPPC (+9.7%) and Nice One (+4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Dar Alarkan (-5.5%), EPCCO (-4.5%) and Riyadh Cables (-4.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 1.2% <strong>yesterday <\/strong>on turnover of SAR 20.6 mn. The index is down 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> Alqemem (+6.8%), Knowledgenet (+6.2%) and Mulkia (+5.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Alrasheed (-7.8%), Lamasat (-5.7%) and TMC (-5.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Astra In<\/strong><strong>dustrial Group\u2019s shareholders approved a SAR 240 mn dividend<\/strong><strong> distribution for <\/strong><strong>FY 2024 <\/strong>at SAR 3 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/Resources\/fsPdf\/12915_371_2025-04-21_09-27-45_en.pdf\" style=\"\" rel=\"noopener\">disclosure to Tadawul (pdf)<\/a>. The distribution date is set for 29 April.<\/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:\/\/almuneef.com\/\" style=\"\" rel=\"noopener\">Almuneef<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/almuneef.com\/\" style=\"\" rel=\"noopener\">Company for Trade, Industry, Agriculture, and Contracting<\/a><\/strong><strong>\u2019s BoD<\/strong> <strong>re<\/strong><strong>commended a SAR 9.5 mn dividend distribution for FY 2024<\/strong> at SAR 0.25 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86602&anCat=1&cs=9569&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The dividends are pending general assembly approval, where a distribution date will be set.<\/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.bci.sa\/\" style=\"\" rel=\"noopener\">Basic C<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bci.sa\/\" style=\"\" rel=\"noopener\">hemical<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bci.sa\/\" style=\"\" rel=\"noopener\">Industries<\/a><\/strong><strong>\u2019s (BCI) BoD<\/strong><strong> proposed a SAR 27.5 mn dividend distribution for <\/strong><strong>FY 2024<\/strong> at SAR 1.0 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86599&anCat=1&cs=1210&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. BCI\u2019s general assembly still needs to sign off on the move and determine the distribution date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Ch<\/strong><strong>emical Company Holdin<\/strong><strong>g\u2019s top brass recommended a SAR 42.2 mn dividend <\/strong><strong>distribution for FY 2024 <\/strong>at SAR 0.05 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86597&anCat=1&cs=2230&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The move is yet to get the general assembly\u2019s approval, which will also set the payment date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qomel Com<\/strong><strong>pany\u2019s shareholders approved a 100% capital increase to SAR 70 mn<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86601&anCat=1&cs=9600&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul. The increase will be funded with SAR 32.6 mn from the share premium balance and SAR 2.4 mn from retained earnings, issuing 3.5 mn new shares to be distributed at a 1-for-1 ratio among shareholders.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96276\" 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=\"96276\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/\">\r\n                            Saudi + Egypt hold talks on investment and regional crisis                        <\/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\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/\" 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\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/')\">\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\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/\">\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=Egypt FM is in town for talks on investment and regional crisis&url=https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/\">\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\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/&title=Egypt FM is in town for talks on investment and regional crisis\">\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=Egypt+FM+is+in+town+for+talks+on+investment+and+regional+crisis+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F04%2F22%2Fegypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis%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\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1360.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96277\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/egypt-fm-is-in-town-for-talks-on-investment-and-regional-crisis\/1360-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1360.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1360.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1360.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1360.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96276\" class=\"content-area-description single-story post-96276 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-ksa tag-saudi-egypt-relations 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\/.aa644ba7-6903-4880-a1d3-394761f04453.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign Minister Faisal bin Farhan received his Egyptian counterpart Badr Abdelatty <\/strong><strong>yesterday in Riyadh<\/strong> for the annual meeting of the Saudi-Egyptian Political Consultation Committee and Follow-up Committee, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/15WsUV3W6k\/\" style=\"\" rel=\"noopener\">statement<\/a> by the Egyptian Foreign Affairs Ministry. The visit comes on the back of the Egyptian-Saudi Investment Forum held <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/805a4a31-ef2e-474c-9b73-b934c34b9d6d\/%253cmark%253esaudi%253c%2Fmark%253e-players-carefully-kick-tires-on-egypt-at-investment-forum\" style=\"\" rel=\"noopener\">last week<\/a> in Cairo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In focus:<\/strong> The ministers discussed the boosting of bilateral economic support and investment, launching of the Egyptian-Saudi Supreme Coordination Council, and aligning their Vision 2030 strategies. The talks also covered regional issues including Gaza, with both sides backing a ceasefire and rejecting the forced displacement of Palestinians. They also exchanged views on Sudan, Yemen, and Red Sea security.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-egypt-relations\/\">Saudi-Egypt relations<\/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=\"96278\" 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\/22\/96278\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96278\" class=\"content-area-description single-story post-96278 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 style=\"font-weight:400;\">17-23 April (Thursday-Wednesday): 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>21-26 April (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring\/schedule\" style=\"\">World Bank Spring Meetings<\/a><\/span><span style=\"font-weight:400;\">, Washington.<\/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>27-28 April (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ssf.eventy.sa\/?event_id=dhcimVphLIB1d4J3r9yJnA\" style=\"\">First Saudi Statistics Forum<\/a><\/span><span style=\"font-weight:400;\">, Movenpick Hotel and Residences, Riyadh <\/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>29 April (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cma.org.sa\/en\/Market\/NEWS\/Pages\/CMA_N_3773.aspx\" style=\"\">Rules for special purpose entities<\/a><\/span><span style=\"font-weight:400;\"> (SPEs) feedback deadline.<\/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: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wipo.int\/en\/web\/awards\/global\/how-to-apply\" style=\"\">World Intellectual Property Organization (WIPO) Global Awards 2025<\/a><\/span><span style=\"font-weight:400;\"> announces finalists.<\/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>5 May (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.opec.org\/pr-detail\/557-03-april-2025.html#:~:text=The%20eight%20OPEC%2B%20countries%20will,decide%20on%20June%20production%20levels.\" style=\"\">Opec+<\/a><\/span><span style=\"font-weight:400;\"> meeting. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" style=\"\">US Federal Reserve Open Market Committee<\/a><\/span><span style=\"font-weight:400;\"> 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:\/\/pflmma.com\/mena-season\" 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>11-13 May (Sunday-Tuesday): <\/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>12-14 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.meed.com\/event\/saudigigaprojects\/\" style=\"\">2025 Saudi Giga projects Summit<\/a><\/span><span>, Riyadh.<\/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>23 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gunsnroses.com\/tour\" style=\"\">Guns N\u2019 Roses<\/a><\/span><span style=\"font-weight:400;\"> Show, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/seu.edu.sa\/en\/calenderpage46\/\" style=\"\">2024-2025 academic year<\/a><\/span><span style=\"font-weight:400;\"> ends.<\/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>4-9 June (Wednesday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.haj.gov.sa\/Home\" style=\"\">Hajj<\/a><\/span><span>.<\/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;\">6-10 June (Friday-Tuesday): Eid Al Adha.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-18 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" style=\"\">US Federal Reserve Open Market Committee<\/a><\/span><span style=\"font-weight:400;\"> 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>24-25 June (Tuesday-Wednesday): <\/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>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=\"\">Cancellation of Fines and Exemption of Financial Penalties Initiative<\/a><\/span><span style=\"font-weight:400;\"> by the Zakat, Tax and Customs Authority (Zatca) deadline.<\/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 (Second week): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wipo.int\/en\/web\/awards\/global\/how-to-apply\" 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>7 July-24 August (Monday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/esportsworldcup.com\/en\" style=\"\">Esports World Cup<\/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>29-30 July (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" style=\"\">US Federal Reserve Open Market Committee<\/a><\/span><span style=\"font-weight:400;\"> 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;\">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:700;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7 July-24 August (Monday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/esportsworldcup.com\/en\" style=\"\">Esports World Cup<\/a><\/span><span>, Riyadh. <\/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=\"\">2025 Fiba Asia Cup<\/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 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 (Monday-Wednesday): <\/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 (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" style=\"\">US Federal Reserve Open Market Committee<\/a><\/span><span> 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>7-8 October (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 (GEMTECH) Forum<\/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 October (Friday): Saudization for private healthcare roles enters its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hrsd.gov.sa\/ar\/media-center\/news\/%D8%A8%D8%AF%D8%A1-%D8%AA%D8%B7%D8%A8%D9%8A%D9%82-%D9%82%D8%B1%D8%A7%D8%B1-%D8%B1%D9%81%D8%B9-%D9%86%D8%B3%D8%A8-%D8%A7%D9%84%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D9%84%D8%A3%D8%B1%D8%A8%D8%B9-%D9%85%D9%87%D9%86-%D8%B5%D8%AD%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5\" style=\"\">second phase<\/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>22-23 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.privatecapitalforum.com.sa\/\" style=\"\">Private Capital Forum<\/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>25-27 December (Saturday-Monday): <\/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>28-29 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" style=\"\">US Federal Reserve Open Market Committee<\/a><\/span><span> 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;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-26 November (Sunday-Wednesday): <\/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>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.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-30 November (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wrc.com\/en\/calendar\" style=\"\">World Rally Championship Saudi Arabia 2025<\/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>30 November (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1353.aspx\" style=\"\">Zatca<\/a><\/span><span style=\"font-weight:400;\"> 21st E-invocing integration wave deadline.<\/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 (Wednesday-Saturday): <\/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 and Radiological 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 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>31 December (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1353.aspx\" style=\"\">Zatca<\/a><\/span><span style=\"font-weight:400;\"> 22st E-invocing integration wave deadline.<\/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>26-29 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldenergy.org\/experiences-events\/world-energy-congress\" style=\"\">World Energy Congress<\/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: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>BRF + HPDC break ground on Jeddah food plant | Adeer prices Nomu IPO | Riyad bank 1Q earnings<\/p>\n","protected":false},"featured_media":96253,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-96252","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d8b825af-fbcf-4ff5-a814-7121b518daaf","teaser":"BRF + HPDC break ground on Jeddah food plant | Adeer prices Nomu IPO | Riyad bank 1Q earnings","photo_url":"https:\/\/ent.news\/2024\/4\/558.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\/ 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