{"id":96994,"date":"2025-05-14T00:00:00","date_gmt":"2025-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=96994"},"modified":"2025-12-14T21:01:54","modified_gmt":"2025-12-14T21:01:54","slug":"trump-mbs-friendship-bolsters-us-saudi-partnership-investments","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/trump-mbs-friendship-bolsters-us-saudi-partnership-investments\/","title":{"rendered":"Trump, MbS friendship bolsters US-Saudi partnership, investments"},"content":{"rendered":"<section id=\"96996\" 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=\"96996\">\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\/05\/14\/all-eyes-on-gcc-us-summit\/\">\r\n                            THIS MORNING: All eyes on GCC-US summit                        <\/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\/05\/14\/all-eyes-on-gcc-us-summit\/\" 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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a whopping USD 600 bn in investments committed from Riyadh in the US, set to increase to USD 1 tn; and a fiery speech that saw Trump lavishly praise the Kingdom\u2019s transformation and diplomatic efforts, while taking direct shots at Iran and proxies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> What\u2019s next? <\/strong>Trump is set to attend a summit with GCC leaders in Riyadh today \u2014 which will reportedly include brief meetings with Syrian President Ahmed Al Sharaa and Lebanon\u2019s PM Joseph Aoun \u2014 before heading out to Qatar, and then the UAE tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Topics expected to top the agenda <\/strong>include investment, arms transfers, and AI, in addition to regional issues like the Israeli-Palestinian conflict and the Iran-US negotiations over Tehran\u2019s nuclear program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The itinerary is still a work in progress: <\/strong>The Donald signalled that he might attend the Russia-Ukraine talks set to be held in Turkey on Thursday, which might see him push some meetings around to make room for a sit-down with Putin and Zelenskyy. The detour seems unlikely, but with Trump you can never say never.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We have the details on everything Trump in today\u2019s issue. Let\u2019s dive in.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Dust storms are blowing on in Riyadh, Qassim, Hail, Madinah, Tabuk, Al-Jouf, and the Northern Borders, with thunderstorms expected in Najran, Jazan, and Asir.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh is expected to see a high of 40\u00b0C and a low of 27\u00b0C today<\/strong>, while Jeddah\u2019s mercury will go as high as 41\u00b0C and as low as 29\u00b0C. Makkah will see a 44\u00b0C high and 30\u00b0C low.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vacant prop<\/strong><strong>erties are now subject to taxes:<\/strong> The amendments to the White Land Tax law have officially come into effect almost a month before planned, after its publication in Umm Al Qura\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1064.pdf\" style=\"\" rel=\"noopener\">Monday issue (pdf)<\/a>. The reforms are aimed at tackling land hoarding and improving housing supply across the Kingdom. Do you want to know more? Visit our explainer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/012d5675-1627-4c3d-85e7-d4e54469b091\/the-kingdom-officially-approves-amendments-to-the-white-land-tax-law\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> Saudi Arabia launched a set of real estate reforms aimed at expanding land availability, improving rental regulations, and reining in soaring property prices in Riyadh. A royal directive mandated the government to lift land freezes in the north of the capital and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/12b30af9-a72f-4e17-a335-a1a77899b104\/riyadh-is-getting-serious-about-real-estate-reform-%25e2%2580%2594-and-it%25e2%2580%2599s-starting-with-the-north\" style=\"\" rel=\"noopener\">overhaul the White Land Tax Law<\/a>, as well as introduce new rental regulations to balance the landlord-tenant relationship.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Aramco<\/strong><strong> is<\/strong><strong> set to supply nearly 48 mn barrels of crude oil to China in June, the <\/strong><strong>same as <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/271b0211-9eea-41f1-8953-0b3595defbc8\/sabic%25e2%2580%2599s-net-income-projected-to-drop-in-1q-amid-wider-petrochem-slump-%2B-uae%25e2%2580%2599s-presight-plans-to-expand-into-the-kingdom-this-year\" style=\"\" rel=\"noopener\">this month\u2019s deliveries<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-oil-supply-china-set-hold-steady-about-48-million-barrels-june-sources-say-2025-05-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing trade sources. The deliveries tally May\u2019s \u2014 which represented a 35.5% m-o-m increase from April per our calculations \u2014 the highest since 2024 and the first allocation increase to China since the beginning of this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Oil prices stabilized on Tuesday<\/strong> as Trump indicated progress in nuclear talks between the US and Iran over the weekend, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-12\/latest-oil-market-news-and-analysis-for-may-13\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Brent crude futures settled just under USD 65 a barrel, while West Texas Intermediate closed just above USD 61 a barrel after inching up 1.5% in the previous session. Crude has fallen as US-China tensions eased amid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/89d7c74d-bb73-4d14-920d-e9b6a87ad986\/opec%2B-hikes-to-bolster-aramco-cashflow--nasser\" style=\"\" rel=\"noopener\">the 90-day truce<\/a> between the top two crude consumers \u2014 dropping over 10% since the US first announced its tariffs sweep back in April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he King\u2019s <\/strong><strong>Cup final between Al Ittihad and Al Qadisiyah will take place on May 31 at 9 <\/strong><strong>PM at the Al<\/strong><strong> Inma Stadium<\/strong>, Jeddah\u2019s King Abdullah Sports City, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/w2315246\" style=\"\" rel=\"noopener\">SPA<\/a> reports. French coach Laurent Blanc is aiming to line up a 10th tournament victory for his Jeddah-based side, while the Eastern Knights are attempting to obtain the trophy for the first time in the club\u2019s history.<\/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\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\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/white-tax-law\/\">White Tax law<\/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=\"96998\" 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=\"96998\">\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\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/trump-mbs-friendship-bolsters-us-saudi-partnership\/\">\r\n                            Trump, MbS friendship bolsters US-Saudi partnership                        <\/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\/05\/14\/trump-mbs-friendship-bolsters-us-saudi-partnership\/\" 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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MbS sidestepped protocols and was the first to welcome Trump himself on the lavender carpet, before they both headed to Al Yamamah Palace.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The warm relationship extended to the delegates<\/strong>. The two leaders spent close to an hour shaking hands and exchanging pleasantries with a long line of Saudi and US government officials and business leaders. US secretaries and White House advisors were present. Top executives from BlackRock, Citigroup, Google, Nvidia, Amazon, OpenAI, Boeing, and many more US companies were there. Elon Musk \u2014 richest man in the world and Trump\u2019s close confidant \u2014 spent a little extra time chatting with MbS and The Donald, with wide smiles on everyone\u2019s faces.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWe have the biggest business leaders in the world here<\/strong>. They\u2019re going to walk away with a lot of checks for a lot of things that you\u2019re going to provide,\u201d Trump said to MbS during a side talk, claiming the agreements signed during his 24-hour stay would create an estimated 2 mn jobs in the US.<\/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\">A COMPREHENSIVE PARTNERSHIP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The summit soon moved on to the big announcement:<\/strong> a comprehensive strategic and economic partnership agreement that included a defense pact valued at a whopping USD 140 bn \u2014 touted as the largest in history. The pact will provide the Kingdom with a wide range of weapons and services from over a dozen American defense firms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The package spans air force and space<\/strong>, maritime security, border security and land forces modernization, as well as communication technology. It also includes extensive training and support for the Saudi armed forces by developing service academies and the military\u2019s medical capabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnership also included:<\/strong><\/p>\n<ul>\n<li>a letter of intent to enhance joint cooperation on ammunition, training, maintenance, and support services for the Ministry of the National Guard;<\/li>\n<li>an MoU on energy cooperation between the US Department of Energy and the Saudi Ministry of Energy;<\/li>\n<li>a separate MoU on mining and mineral resources;<\/li>\n<li>an MoU between the Interior Ministry and the FBI; <\/li>\n<li>an amendment to the Air Transport Agreement now allows airlines to carry cargo between third countries without transiting through their home countries;<\/li>\n<li>NASA and the Saudi Space Agency agreed to deploy a Saudi CubeSat on NASA\u2019s Artemis II mission;<\/li>\n<li>a cooperation MoU between justice ministries, <\/li>\n<li>an MoU for cooperation on infectious disease control and biodiversity conservation;<\/li>\n<li>cultural partnerships between the Royal Commission for AlUla and the Smithsonian Institution.<\/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\">TRUMP HAILS A NEW REGION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump picked Riyadh for his first international visit a second time around<\/strong>, except everyone seemed to note this is a different Riyadh than the one he landed in the first time in 2017. From highly-developed infrastructure, to towering skyscrapers, to the more intricate, highly-advanced digital services, signs of rapid social and economic transformation under Vision 2030 were unmistakable.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The President made sure to reiterate over and over how much he admired the results<\/strong>. During his speech at the Saudi-US Investment Forum, he showered the Crown Prince with praise for what he managed to accomplish, calling him a \u201cfriend\u201d and an \u201cincredible man,\u201d who is \u201crepresenting the best country in the world.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not only Riyadh is different this time around, though<\/strong>. The whole region has gone through big transformations that saw new leaders assume control in Syria after Assad\u2019s fall, and in Lebanon after the escalation between Israel and Hezbollah severely weakened the militant group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump laid the entire blame on Iran as the destabilizing force in the region<\/strong>, ranting about how it funded terrorism and bloodshed in Syria and elsewhere, before extending an \u201colive branch\u201d and showing willingness to reach an agreement. If Tehran were to reject, the US would have \u201cno choice\u201d but maximum pressure by ramping up sanctions and targeting oil exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In contrast, he hailed Riyadh\u2019s role as a broker for peace and stability in the region and <\/strong><strong>beyond<\/strong>, commending its efforts in de-escalating conflicts from Ukraine and Sudan to India-Pakistan and Yemen, as well as its support for political solutions, energy market stability, and regional security. \u201cThink of us as an unstoppable team,\u201d he said to the audience, calling for Riyadh and the GCC to unite their efforts and push for resolving all conflicts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- <\/strong>The President opted to keep talk of normalization with Israel brief, as most analysts expected. He reiterated his \u201cfervent hope\u201d that Saudi Arabia would join the Abraham accords, but acknowledged that the Kingdom would do so in its \u201cown time\u201d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sanctions on Syria lifted:<\/strong> Perhaps the big announcement was the full cessation of the longstanding \u2014 and crippling \u2014 US sanctions on Syria \u201cin order to give them a chance at greatness.\u201d Trump is also set to \u201csay hello\u201d today with Syria\u2019s new leader Ahmed Al Sharaa, while Secretary of State Mark Rubio will meet his Syrian counterpart in Turkey soon. He framed the rapprochement as a courtesy to the Crown Prince, who has been mounting a global campaign to shore up support for \u2014 and engagement with \u2014 the new government in Damascus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The President also expressed support for Lebanon\u2019s new leadership<\/strong>, calling it the first real opportunity in decades for stronger US partnership, and promised Secretary Rubio will lead discussions that will pave the way for supporting Lebanon in pursuing economic development, in a bid to overcome its crippling crisis.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/spotlight\/\">SPOTLIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trump\/\">Trump<\/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=\"97000 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=\"97000\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/97000\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97000\" class=\"content-area-description single-story post-97000 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97001\" 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=\"97001\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/the-kingdom-commits-usd-600-bn-in-us-investments-to-reach-usd-1-tn\/\">\r\n                            The Kingdom commits USD 600 bn in US investments, to reach USD 1 tn                        <\/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\/05\/14\/the-kingdom-commits-usd-600-bn-in-us-investments-to-reach-usd-1-tn\/\" 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 Kingdom is set to eventually round out the figure to USD 1 tn in a second phase, Crown Prince Mohammed bin Salman said in his speech at the Saudi-US Business Forum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>Some 40% of the Public Investment Fund\u2019s global investments are already in the US, while 1.3k US companies now operate in Saudi Arabia, making up nearly a quarter of foreign investment, with 200 setting up regional headquarters in the Kingdom, MbS added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The White House was out with a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/05\/fact-sheet-president-donald-j-trump-secures-historic-600-billion-investment-commitment-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">fact sheet<\/a><\/strong> outlining details of the \u201cfirst\u201d investments to come out of the forum, spanning infrastructure, energy, technology, and defense.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF to order 30 <\/strong><strong>Boeing<\/strong><strong> jets for AviLease<\/strong>: The PIF placed an order for 20 Boeing 737-8 jets for its aviation leasing firm AviLease, with option for 10 more, according to a statement from <a target=\"_blank\" href=\"https:\/\/investors.boeing.com\/investors\/news\/press-release-details\/2025\/AviLease-Places-First-Direct-Boeing-Order-for-up-to-30-737-MAX-Jets\/default.aspx\" style=\"\" rel=\"noopener\">Boeing<\/a>. The White House fact sheet put the total value of the purchases at USD 4.8 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the tech front<\/strong>, Riyadh-based DataVolt plans to invest USD 20 bn in US-based AI data centers and energy infrastructure. Additional commitments from companies including Google, Oracle, Salesforce, AMD, and Uber total USD 80 bn in joint technology investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In infrastructure<\/strong>, US firms Hill International, Jacobs, Parsons, and AECOM are engaged in projects including King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and more, generating an estimated USD 2 bn in US service exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Additional investments include <\/strong>USD 5.8 bn from Shamekh IV Solutions in US healthcare, with plans for a high-capacity IV fluid facility in Michigan. The Kingdom will also purchase USD 14.2 bn in GE Vernova gas turbines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sector-specific funds were also established<\/strong>, with a \u201cstrong emphasis\u201d on deploying capital into the US, including the Energy Investment Fund, valued at USD 5 bn, and the Enfield Sports Global Sports Fund, valued at USD 4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO FROM THE SAUDI-US BUSINESS FORUM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BWI signs USD 15 bn agreements: <\/strong>Global investment platform Burkhan World Investments signed three MoUs in critical minerals, AI, semiconductors and defense tech worth USD 15 bn during the forum, the US-based company said in a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250512935406\/en\/Burkhan-World-Investments-Announces-%2415-Billion-in-Strategic-Memoranda-of-Understanding-with-Saudi-Arabia-Across-Mining-AI-and-Dual-Purpose-Defense-Technologies\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- A critical minerals USD 9 bn MoU with Saudi-based Grand Mines Mining <\/strong>will see the launch of a new company for mining investment and operations in the Kingdom. The newly-launched company will focus on exploration, development and processing of lithium, cobalt and rare earth minerals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A USD 1 bn MoU with Watad Digital <\/strong>will launch an investment platform for AI tech, chip design, and high-performance computing, geared for supporting local startups and global R&D partnerships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- An MoU with Riyadh-based Advanced Aircraft Technology <\/strong>\u2014 as well as unnamed global private sector partners \u2014 will launch a USD 5 bn dual purpose defense innovation fund dubbed BMI Nexus, aiming at co-investing AI-powered defense systems, autonomy, advanced sensors, cybersecurity, space technologies, and next-generation materials.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An innovation hub will also be established to support over 320 deep tech firms<\/strong> in Saudi and abroad with \u201cphysical infrastructure, operational support, and access to regional markets,\u201d the statement said.<\/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>IN ENERGY- <\/strong><strong>Aramco plans to invest USD 3.4 bn on expanding its Motiva refinery in Texas<\/strong>, CEO Amin Nasser <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/companies\/2025\/05\/13\/%D8%A7%D9%84%D9%86%D8%A7%D8%B5%D8%B1-%D8%A7%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%AA%D8%B9%D8%B2%D8%B2-%D9%88%D8%AC%D9%88%D8%AF%D9%87%D8%A7-%D9%81%D9%8A-%D8%A7%D9%85%D9%8A%D8%B1%D9%83%D8%A7-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%AA%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-34-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">said<\/a> during the forum. The facility \u2014 the largest fuel-making plant in the US \u2014 will integrate petrochemicals production with fuel output.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi oil giant is also set to ink MoUs with US utility firm Sempra and LNG producer <\/strong><strong>NextDecade to supply 6.2 mn tons of liquefied natural gas to Aramco<\/strong> annually, Nasser added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In parallel, the company signed two 20-year agreements for LNG supplies from separate <\/strong><strong>facilities in Texas,<\/strong> as part of a broader push to access 7.5 mn tons annually from its international projects by 2030, Nasser said. <strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-13\/aramco-touts-3-4-billion-us-refinery-plan-during-trump-visit\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/aramco-sign-mous-with-nextdecade-sempra-ceo-says-2025-05-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>also had the story.<\/strong><\/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>AND IN DEFENSE- PIF-owned <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.safesecurity.sa\/en\/pages\/home.aspx\" style=\"\" rel=\"noopener\">National Security Services Company<\/a><\/strong><strong> (Safe) signed two agreements <\/strong><strong>worth USD 450 mn on the sidelines of the forum<\/strong>, including a USD 350 mn agreement with US-based defense contractor <a target=\"_blank\" href=\"https:\/\/www.leidos.com\" style=\"\" rel=\"noopener\">Leidos<\/a>, CEO Turki Al Thonayan told <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/137899\/2025\/13\/05\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9-%D9%84%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D9%85%D9%86%D9%8A%D8%A9-(%D8%B3%D9%8A%D9%81)-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D9%82%D9%8A%D9%85%D8%A9-%D8%A7%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%AA%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D9%88%D9%82%D8%B9%D8%AA%D9%8A%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D8%AC%D8%A7%D9%86%D8%A8-%D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A-%D8%AA%D8%B5%D9%84-%D8%A5%D9%84%D9%89-450-%D9%85%D9%84%D9%8A%D9%88%D9%86-$\" style=\"\" rel=\"noopener\">CNBC Arabia<\/a>. Another USD 100 mn agreement was put in place with Smart Solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>Life Shield +<\/strong><strong> Colt ink USD 500 mn agreement:<\/strong> Local firm <a target=\"_blank\" href=\"https:\/\/lifeshield.com.sa\" style=\"\" rel=\"noopener\">Life Shield<\/a> signed a USD 500 mn agreement with US-based firearms manufacturer <a target=\"_blank\" href=\"https:\/\/www.colt.com\" style=\"\" rel=\"noopener\">Colt\u2019s Manufacturing<\/a> to produce and localize the production of light and medium weapons in the Kingdom, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/saudi-economy\/2025\/05\/13\/%D8%AF%D8%B1%D8%B9-%D8%A7%D9%84%D8%AD%D9%8A%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D9%88%D9%82-%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%A8%D9%80500-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D8%B9-%D9%83%D9%88%D9%84%D8%AA-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D9%84%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D8%A7%D9%84%D8%A7%D8%B3%D9%84%D8%AD%D8%A9\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- Some are waving red flags: <\/strong>Trump\u2019s push for USD 1 tn in Saudi investment may clash with the Kingdom\u2019s own transformation plans, which <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-05-13\/trump-visits-riyadh-as-mbs-s-trillion-dollar-agenda-shifts-saudi-priorities\" style=\"\" rel=\"noopener\">Bloomberg<\/a> estimates could cost nearly USD 2 tn, including gigaprojects like Neom and major events like the World Expo 2030 and the FIFA World Cup in 2034. Rising deficits, falling oil revenues, and mounting borrowing might curb the Kingdom\u2019s ability to meet targets, Bloomberg argued.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WORTH MENTIONING-<\/strong><\/p>\n<ul>\n<li><strong>BlackRock<\/strong><strong>\u2019s CEO Larry Fink said the company started developing financial <\/strong><strong>products tailored to the Kingdom<\/strong> amid its transformation into a \u201cstrong destination for capital.\u201d Fink told investors to expect heightened market volatility over the next 90 days due to uncertainty around Trump\u2019s trade policies.<\/li>\n<li><strong>Blackstone<\/strong><strong>\u2019s infrastructure fund with the PIF delivered a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1813057\" style=\"\" rel=\"noopener\">17.5% return<\/a><\/strong>, outperforming its original 9% target, said Blackstone CEO Stephen Schwarzman. The firm will focus on securing multiple sites for data centers over the next five years. <\/li>\n<\/ul>\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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/us-saudi-relations\/\">US-Saudi 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=\"97003\" 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=\"97003\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/pifs-ai-powerhouse-humain-lands-usd-bns-in-agreements\/\">\r\n                            PIF\u2019s AI powerhouse Humain starts strong, securing USD bns in agreements                        <\/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\/05\/14\/pifs-ai-powerhouse-humain-lands-usd-bns-in-agreements\/\" 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 Public Investment Fund named Tareq Amin (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/tareq-amin-b58302\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), former CEO of Aramco Digital, as Humain\u2019s chief executive.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Amazon: <\/strong>Humain and Amazon Web Services (AWS) will jointly invest over USD 5 bn to establish an AI Zone in the Kingdom, according to an emailed statement seen by EnterpriseAM. The zone will host AWS\u2019s advanced infrastructure, including AI servers, cloud services like Bedrock and SageMaker, and support for Arabic large language models.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The collaboration includes plans to expand AI training programs in the Kingdom<\/strong>, with 100k citizens and 10k women set to receive cloud and AI skills through AWS initiatives, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- AMD: <\/strong>Humain and AMD will invest up to USD 10 bn over five years to deploy 500 MW of AI infrastructure, creating a global, open, and scalable computer network spanning Saudi Arabia to the US, AMD said in a <a target=\"_blank\" href=\"https:\/\/ir.amd.com\/news-events\/press-releases\/detail\/1250\/amd-and-humain-form-strategic-10b-collaboration-to-advance-global-ai\" style=\"\" rel=\"noopener\">press release<\/a>. Initial deployments are already underway, with multi-exaflop capacity targeted by early 2026. The platform will support enterprise, startup, and sovereign AI workloads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what: <\/strong>Humain will handle the delivery of hyperscale data centers, sustainable energy systems, and global fiber networks, while AMD will provide its full AI compute portfolio, including Instinct GPUs, EPYC CPUs, and other types of hardware.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Nvidia: <\/strong>Humain and Nvidia will jointly develop 500 MW of AI data centers over five years, starting with a supercomputer that will comprise of 18k GB300 Grace Blackwell chips provided by Nvidia, the US chipmaker said in a <a target=\"_blank\" href=\"https:\/\/nvidianews.nvidia.com\/news\/humain-and-nvidia-announce-strategic-partnership-to-build-ai-factories-of-the-future-in-saudi-arabia\" style=\"\" rel=\"noopener\">press release<\/a>. The value of the project was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will include deploying Nvidia\u2019s Omniverse platform<\/strong> for digital twin and robotics applications, as well as launching large-scale training programs to grow Saudi Arabia\u2019s AI talent pool.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Cisco: <\/strong>The global networking firm announced an initiative with Humain to build open, scalable, and cost-efficient AI infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/newsroom.cisco.com\/c\/r\/newsroom\/en\/us\/a\/y2025\/m05\/cisco-expands-partnership-with-saudi-arabia-to-power-the-ai-future.html?source=rss\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative will be \u201cthe cornerstone in a wider set of new investments in research, talent and innovation,\u201d the statement said without disclosing the value of investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company plans to work on AI-driven digital infrastructure for Riyadh Expo 2030 and <\/strong><strong>the 2034 World Cup<\/strong>, in addition to establishing an AI institute at King Abdullah University of Science and Technology, and provide free AI and cuberecurity training for 500k learners over the next five years.<\/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>What about Global AI? <\/strong>Humain inked a multi-bn USD AI collaboration agreement with US-based Global AI partner, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-13\/us-firm-global-ai-secures-saudi-investment-worth-billions\" style=\"\" rel=\"noopener\">Bloomberg<\/a> said, citing a source familiar with the matter. The agreement will grant Humain access to Global AI\u2019s US data centers and eventually a center in Saudi Arabia, subject to US approval. Global AI is currently building a data center in New York, set to launch in June, and plans to build more data centers in the US and the kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>.. and Groq? <\/strong>The PIF is tapping US chipmaker <a target=\"_blank\" href=\"https:\/\/groq.com\/\" style=\"\" rel=\"noopener\">Groq<\/a> to handle inference operations for Humain, <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/05\/13\/2025\/saudis-new-ai-firm-picks-us-chipmaker-groq-for-inference\" style=\"\" rel=\"noopener\">Semafor<\/a> reports, citing two sources it says in the know. The agreement aims to utilize Groq\u2019s claimed superior inference capabilities, compared to Nvidia chips.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Grog is working on building the world\u2019s largest AI inference node in Saudi:<\/strong> Groq, a California-based startup, has previously partnered with Aramco Digital to invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3243ca23-ac50-48af-b853-8f35f345cd56\/leap-2025-unveils-usd-14.9-bn-investments-on-first-day\" style=\"\" rel=\"noopener\">USD 1.5 bn<\/a> in building the world\u2019s largest AI inference node in the Kingdom. The facility will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3f9d1999-2ca1-4ff4-863d-90c475752944\/ma%25e2%2580%2599aden-reportedly-in-talks-with-partners-for-rare-earths-processing-facility-%2B-liger-operator-taps-advisor-for-nomu-ipo\" style=\"\" rel=\"noopener\">host<\/a> Groq\u2019s language models, onboard developers, and support high-volume token processing.<\/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>We knew a big push was coming<\/strong>: Hours before official announcements, the Trump administration was said to be <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/sub-live\/economics\/1138\/%D8%A8%D9%84%D9%88%D9%85%D8%A8%D8%B1%D8%BA-%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D9%88%D8%B5%D9%88%D9%84-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A5%D9%84%D9%89-%D8%B1%D9%82%D8%A7%D8%A6%D9%82-%D8%A7%D9%84%D8%B0%D9%83%D8%A7%D8%A1-%D8%A7%D9%84%D8%A7%D8%B5%D8%B7%D9%86%D8%A7%D8%B9%D9%8A-%D8%A7%D9%84%D9%85%D8%AA%D9%82%D8%AF%D9%85%D8%A9\/\" style=\"\" rel=\"noopener\">finalizing<\/a> agreements that would allow Saudi Arabia to purchase advanced AI chips from US companies like Nvidia and AMD. A similar arrangement with the UAE is expected to follow that will include UAE\u2019s G42. The decision marks a sharp departure from the Biden administration\u2019s tighter controls, which aimed to prevent potential tech transfers to China.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The announcements come amid US concerns about sensitive tech <\/strong><strong>finding its way to China<\/strong>, our biggest trading partner. One proposal being discussed would give the US oversight over data centers using American chips, though the specifics are still being worked out, sources familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-13\/us-to-boost-saudi-access-to-ai-chips-even-as-china-issues-linger?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>,<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two sides are also exploring data embassie<\/strong>s \u2014 a system that would let data centers operate under foreign legal protections \u2014 to attract global partners while maintaining security standards, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No AI restrictions between friends:<\/strong> White House AI and crypto adviser David Sachs said that US restrictions on AI and semiconductor technologies <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/sub-live\/economics\/1134\/%D8%A7%D9%84%D8%A8%D9%8A%D8%AA-%D8%A7%D9%84%D8%A3%D8%A8%D9%8A%D8%B6-%D9%82%D9%8A%D9%88%D8%AF-%D8%A7%D9%84%D8%B0%D9%83%D8%A7%D8%A1-%D8%A7%D9%84%D8%A7%D8%B5%D8%B7%D9%86%D8%A7%D8%B9%D9%8A-%D9%84%D8%A7-%D8%AA%D8%B4%D9%85%D9%84-%D8%B4%D8%B1%D9%83%D8%A7%D8%A1%D9%86%D8%A7-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D9%8A%D9%86\/\" style=\"\" rel=\"noopener\">do not apply<\/a> to strategic partners like Saudi Arabia, stressing the need for global cooperation to keep the US at the forefront of the sector. Sachs still voiced concerns about semiconductor diversion to China, but advocated for measures that don\u2019t hinder legitimate sales to compliant partners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong><strong>Tech and AI are non-oil pillars for the Kingdom: <\/strong>Venture capital investment in Saudi Arabia grew 49% from 2020 to 2024, surpassing USD 1 bn in 2023, MAGNITT\u2019s Farah Al Nahlawi told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/special-stories\/2025\/05\/13\/%D9%85%D8%A7%D8%BA%D9%86%D9%8A%D8%AA-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%AC%D8%B1%D9%8A%D8%A1-%D9%88%D8%A7%D9%84%D8%B0%D9%83%D8%A7%D8%A1-%D8%A7%D9%84%D8%A7%D8%B5%D8%B7%D9%86%D8%A7%D8%B9%D9%8A-%D9%85%D8%AD%D8%B1%D9%83%D8%A7%D9%86-%D9%84%D8%AA%D9%86%D9%88%D9%8A%D8%B9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. In 1Q 2025, Saudi tech investments made up 58% of the region\u2019s total, with AI contributing 10% of Saudi venture capital in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER TECH ANNOUNCEMENTS<\/strong>-<\/p>\n<ul>\n<li><strong>Elon Musk <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/economy\/2025\/05\/13\/%D8%A7%D9%8A%D9%84%D9%88%D9%86-%D9%85%D8%A7%D8%B3%D9%83-%D8%A7%D8%B4%D9%83%D8%B1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D8%B3%D9%85%D8%A7%D8%AD%D9%87%D8%A7-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AE%D8%AF%D8%A7%D9%85-%D8%B3%D8%AA%D8%A7%D8%B1%D9%84%D9%8A%D9%86%D9%83\" style=\"\" rel=\"noopener\">confirmed<\/a><\/strong><strong> Starlink has been approved for maritime and aviation use in Saudi Arabia<\/strong>, and <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/05\/13\/trump-middle-east-saudi-arabia-qatar-uae\/#link-WMK4THI3EJGTXCAKZOSJXGLU7M\" style=\"\" rel=\"noopener\">floated<\/a> the introduction of self-driving vehicles and taxis to the Kingdom.<\/li>\n<li><strong>Self-driving cars are to launch in Saudi Arabia <\/strong><strong>this year<\/strong>, <a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbKSA\/status\/1922265010689958230\" style=\"\" rel=\"noopener\">said Uber CEO Dara Khosrowshah<\/a> i at the forum.<\/li>\n<li><strong>Homegrow<\/strong><strong>n workforce management solutions<\/strong> <strong>startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wakecap.com\/\" style=\"\" rel=\"noopener\">WakeCap<\/a><\/strong><strong> raised USD 28 mn<\/strong><strong> in new funding during the forum<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/companies\/2025\/05\/13\/wakecap-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D8%A7%D8%B4%D8%A6%D8%A9-%D8%AA%D8%AD%D8%B5%D9%84-%D8%B9%D9%84%D9%89-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A8%D9%80-28-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reported.<\/li>\n<\/ul>\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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tech\/\">tech<\/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=\"97005\" 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=\"97005\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/saudi-chinese-forum-wraps-up-with-57-agreements-worth-sar-14-bn-signed-in-beijing\/\">\r\n                            Saudi-Chinese forum wraps up with 57 agreements worth SAR 14 bn signed in Beijing                        <\/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\/05\/14\/saudi-chinese-forum-wraps-up-with-57-agreements-worth-sar-14-bn-signed-in-beijing\/\" 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 parties signed 26 agreements focused on exporting Saudi products to the Chinese market, solidifying an expanding trade corridor between the two economies. The agreements span agriculture, water, environment, fisheries, and livestock.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The highlights: <\/strong><\/p>\n<ul>\n<li><strong>Water and sustainability tech:<\/strong> Saudi and Chinese players agreed to swap know-how on water recycling, roll out human capital development programs, build marine algae farms, and produce biofuels and fertilizers. Agreements also included the use of cloud computing to enhance water treatment processes.<\/li>\n<li><strong>Infrastructure: <\/strong>One agreement will create a smart city in Saudi Arabia dedicated to food security, featuring a network of factories, research labs, and logistics hubs designed to power the Kingdom\u2019s agri-supply chain.<\/li>\n<li><strong>Industrial development<\/strong>: Another agreement greenlights an industrial city in the Jazan region, focused on basic and transformational industries. The aim? To strengthen supply chains and open doors for agri-linked manufacturing and investment.<\/li>\n<li><strong>Animal production: <\/strong>Private sector players from both countries are partnering on animal production projects \u2014 from building modern poultry farms and developing the sheep sector to recycling bee and wool waste, and rolling out genetic development projects for shrimp strains and vertical farming initiatives.<\/li>\n<li><strong>Agri-food exports are also a core component of the agreements.<\/strong> New agreements will put more Saudi goods on Chinese shelves, with companies signing contracts to export dates, fruits, vegetables, and bottled water, reflecting efforts to expand Saudi Arabia\u2019s footprint in one of its most important export markets.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China is Saudi Arabia\u2019s top trading partner, making up 18% of the Kingdom\u2019s foreign <\/strong><strong>trade<\/strong>, with total trade between the two surpassing USD 107 bn, Environment Minister Abdulrahman bin Abdulmohsen Al Fadhly said at the forum. The Kingdom\u2019s merchandise exports to China made up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cffdbef4-6833-485a-9f30-0ede0f3e464f\/non-oil-exports-up-4%2525-in-2024\" style=\"\" rel=\"noopener\">15.2%<\/a> of total exports in 2024. By January 2025, that share grew to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/55ac86f0-0ef6-489e-86b0-b5ad3c08ba36\/non-oil-exports-inch-up-in-february\" style=\"\" rel=\"noopener\">16.2%<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-china-relations\/\">Saudi-China 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=\"97007\" 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=\"97007\">\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\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/\">\r\n                            Red Sea Int\u2019l + Bank Albilad are gearing up for sukuk issuances                        <\/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\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/\" 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\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/')\">\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\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/\">\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=Red Sea Int\u2019l + Bank Albilad are gearing up for sukuk issuances&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/\">\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\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/&title=Red Sea Int\u2019l + Bank Albilad are gearing up for sukuk issuances\">\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=Red+Sea+Int%E2%80%99l+%2B+Bank+Albilad+are+gearing+up+for+sukuk+issuances+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F14%2Fred-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances%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\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2154.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97008\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/red-sea-intl-bank-albilad-are-gearing-up-for-sukuk-issuances\/2154-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2154.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2154.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2154.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2154.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97007\" class=\"content-area-description single-story post-97007 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-bank-albilad tag-debt-watch tag-enterpriseam-ksa tag-red-sea-international 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\/5\/.4703e1a7-e99d-4c06-b4c4-ef1bcee8af6e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- Bank Albilad is gearing up to issue USD-denominated additional tier 1 (AT1) sukuk <\/strong><strong>through a private placement <\/strong>to shore up its capital base, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87288&anCat=1&cs=1140&locale=en\" style=\"\" rel=\"noopener\">a bourse filing<\/a>. The issuance will be conducted under the bank\u2019s USD 2 bn AT1 capital sukuk program. The final value and terms of the sukuk will be determined based on market conditions at the time of issuance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>AT1 sukuk are perpetual, high-yield instruments that count toward a bank\u2019s core capital, offering loss-absorbing features. They are typically used by GCC banks to optimize capital structure, comply with Basel III requirements, and fund future expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS: <\/strong>The bank enlisted our friends at HSBC as joint lead managers on the transaction, alongside Albilad Capital, Goldman Sachs International, and Emirates NBD.<\/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>#2- <\/strong><strong>Tadawul-lis<\/strong><strong>ted and modular building solutions firm Red Sea International Company is<\/strong><strong> set <\/strong><strong>to debut a SAR 100 mn murabaha sukuk <\/strong>under its murabaha sukuk program, the company said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87268&anCat=1&cs=4230&locale=en\" style=\"\" rel=\"noopener\">a regulatory filing<\/a>. The offering will be made available to investors via the debt instrument platform operated by Tarmeez Capital Financial Company, which is acting as the sole lead arranger. The prospectus will be published on <a target=\"_blank\" href=\"https:\/\/tarmeez.co\/\" style=\"\" rel=\"noopener\">Tarmeez\u2019s website<\/a> at a later date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proceeds will be earmarked to ramp up working capital and fund capital expansions<\/strong> tied to the company\u2019s operational activities and investments, in line with a financing study it recently conducted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> A murabaha sukuk offering is basically a shariah-compliant bond where investors fund the purchase of goods or assets, which are then sold to a buyer at a premium. The buyer pays back over time, and that premium becomes the investor\u2019s return. Since it\u2019s based on a sale and not interest, it follows Islamic finance rules.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bank-albilad\/\">Bank Albilad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea-international\/\">Red Sea International<\/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=\"97009\" 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=\"97009\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/\">\r\n                            Axelerated Solutions priced its Nomu IPO at SAR 27 apiece                        <\/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\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/\" 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\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/')\">\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\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/\">\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=Axelerated Solutions priced its Nomu IPO at SAR 27 apiece&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/\">\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\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/&title=Axelerated Solutions priced its Nomu IPO at SAR 27 apiece\">\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=Axelerated+Solutions+priced+its+Nomu+IPO+at+SAR+27+apiece+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F14%2Faxelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece%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\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97010\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\/1386-jpg-49\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1386.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97009\" class=\"content-area-description single-story post-97009 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-axelerated-solutions tag-enterpriseam-ksa tag-ipo-watch tag-nomu 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\/5\/.a3909bed-99a1-46ff-9edb-4a5326b7f9a3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Axelerated S<\/strong><strong>olutions <\/strong><strong>priced its Nomu IPO at SAR 27 apiece, <\/strong> according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87262&anCat=1&cs=1102&locale=en\" style=\"\" rel=\"noopener\">a disclosure to<\/a><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87262&anCat=1&cs=1102&locale=en\" style=\"\" rel=\"noopener\">Tadawul<\/a>. This could see the company raise SAR 81 mn and give it a market cap of SAR 756 mn at listing, according to our calculations. The IT services firm is floating 10.7% of its post-IPO capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> Qualified investors will be able to put in their orders starting tomorrow and until Wednesday, 21 May. They can book up to 1.4 mn shares each, with the minimum limit set at 100 shares. The final allocation is slated for Monday, 26 May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds:<\/strong> Some SAR 3.8 mn of the proceeds will be used to cover IPO-related expenses, while the remainder is earmarked to support the firm\u2019s expansion across the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Value Capital is quarterbacking the transaction as its lead manager and financial advisor, with PKF acting as accountant. <strong>Receiving agents<\/strong> include SNB Capital, Al Rajhi Capital, BSF Capital, and Alinma Investment, among others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER NOMU IPOs TO WATCH FOR IN 2025:<\/strong><\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/4ae2288e-26e3-4bac-b932-584ae7b98729\/flynas-ipo-fully-subscribed-within-minutes.-plus:-pif-launches-ai-powerhouse-humain\/6b862028-1a79-432b-a83e-2bfda438facb\" style=\"\" rel=\"noopener\">Asas Makeen for Development and Real Estate Investment<\/a> priced its Nomu IPO at SAR 80 apiece;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5529b8a2-3586-433d-9f58-8f9136110afa\/hawyia-prices-nomu-ipo-at-sar-13-apiece\" style=\"\" rel=\"noopener\">Hawiya Auctions<\/a> priced its Nomu IPO of a 12% stake at SAR 13 per share;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/022d064a-dbcb-4cf2-8c9b-48cef58d06ff\/al-khaldi-gears-up-to-float-a-7%2525-stake-on-nomu\" style=\"\" rel=\"noopener\">Al Khaldi Logistics<\/a>, Multi-sector operator <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e08ba8eb-1421-4df5-b0a3-9d14876af05c\/anmat-is-taking-11.6%2525-stake-to-nomu\" style=\"\" rel=\"noopener\">Anmat<\/a>, restaurant operator <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c45c4dde-e3fc-4104-bd1c-80040109c32a\/al%253cmark%253e-kuzama%253c%2Fmark%253e-to-kick-off-nomu-ipo-next-month\" style=\"\" rel=\"noopener\">Al Kuzama Trading<\/a>, and school operator <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/9b63cd60-1d59-42ce-9733-b8f116eb3d54\/non-oil-merchandise-exports-up-4%2525-in-2024.-plus:-pif-sells-usd-1.25-bn-in-usd-denominated-sukuk\/9dfb4756-9a8e-481b-aa53-d9536b32b44d\" style=\"\" rel=\"noopener\">Dome International<\/a> were the latest to issue prospectuses for the move;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c75bd9e4-491a-4125-98c9-5b6a1efda40f\/ev-maker-lucid-will-export-92%2525-of-its-production-%2B-cma-approves-ipos-on-tadawul,-nomu\" style=\"\" rel=\"noopener\">Qudra for Communications and IT<\/a>, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6ea45baa-968f-4f7d-bd54-14ea11eb0dc2\/investors-eyes-minority-stake-in-arizona-mine-%2B-russia,-ukraine-back-to-riyadh-for-ceasefire-talks\" style=\"\" rel=\"noopener\">National Signage Industrial Company<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3a2f35eb-e736-4818-9c65-28154b4aba0c\/riyadh-air-receives-air-operator-certificate-%2B-aramco-makes-steepest-asia-oil-price-cut-in-over-two-years\" style=\"\" rel=\"noopener\">Naf for Feed Industry<\/a>, medical equipment supplier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0513a66d-5ab7-4ca7-b39b-dd4bbe95d1c2\/umm-al-qura-for-development-to-debut-on-the-main-market-today\" style=\"\" rel=\"noopener\">Wajd<\/a>, and property developer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6ea45baa-968f-4f7d-bd54-14ea11eb0dc2\/investors-eyes-minority-stake-in-arizona-mine-%2B-russia,-ukraine-back-to-riyadh-for-ceasefire-talks\" style=\"\" rel=\"noopener\">Hammad Mohammed Bin Saedan Real Estate<\/a> were given the CMA\u2019s all-clear to list on the parallel market.<\/li>\n<\/ul>\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\/axelerated-solutions\/\">Axelerated Solutions<\/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=\"97011\" 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=\"97011\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/dkhouns-nomu-ipo-sees-strong-investors-demand\/\">\r\n                            Dkhoun\u2019s Nomu IPO sees strong investors demand                        <\/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\/05\/14\/dkhouns-nomu-ipo-sees-strong-investors-demand\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n               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demand&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/dkhouns-nomu-ipo-sees-strong-investors-demand\/\">\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\/05\/14\/dkhouns-nomu-ipo-sees-strong-investors-demand\/&title=Dkhoun\u2019s Nomu IPO sees strong investors demand\">\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=Dkhoun%E2%80%99s+Nomu+IPO+sees+strong+investors+demand+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F14%2Fdkhouns-nomu-ipo-sees-strong-investors-demand%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\/05\/14\/dkhouns-nomu-ipo-sees-strong-investors-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/881.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97012\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/dkhouns-nomu-ipo-sees-strong-investors-demand\/881-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/881.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"881.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/881.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/881.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97011\" class=\"content-area-description single-story post-97011 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseam-ksa tag-ipo tag-ipo-watch tag-nomu 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\/5\/.b6b1e069-9c22-4bd7-be34-b2d90192259c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Fragrance reta<\/strong><strong>iler<\/strong><strong> Dkhoun National Trading\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eaf2807b-7da0-40a1-9f3b-df48ededb02a\/fragrance-retailer%253cmark%253e-dkhoun%253c%2Fmark%253e-to-debut-20%2525-stake-on-nomu\" style=\"\" rel=\"noopener\">Nomu IPO<\/a><\/strong><strong> was 119.2% oversubscribed, with <\/strong><strong>the company pricing the offering at SAR 121 apiece<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87260&anCat=1&cs=1136&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. Dkhoun is taking a 20% stake to market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proceeds + market cap: <\/strong>The IPO price could see the company raise SAR 48.4 mn in proceeds and give it a market cap of SAR 242 mn at listing, according to our calculations. The selling shareholders will receive all the proceeds from the offering after deducting SAR 1.35 mn to cover the offering-related expenses, but they won\u2019t be able to execute any transactions on their shares for 12 months 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>ADVISORS-<\/strong> Dkhoun tapped Saudi Kuwait Finance House to be the financial advisor and lead manager on the transaction. <strong>Receiving agents<\/strong> include SNB Capital, Al Rajhi Capital, Saudi Fransi Capital, Alinma Investment, Riyad Capital, AlJazira Capital, Albilad Investment, Alistithmar Capital, AlArabi Investment, Alawwal Investment, Derayah Financial, Yaqeen Capital, Alkhabeer Capital, Sahm Capital, and GIB Capital.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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=\"97013\" 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=\"97013\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/\">\r\n                            Cenomi Centers and Retail post 1Q earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/\" 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\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/')\">\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\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/\">\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=Cenomi Centers and Retail post 1Q earnings&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/\">\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\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/&title=Cenomi Centers and Retail post 1Q earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Cenomi+Centers+and+Retail+post+1Q+earnings+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F14%2Fcenomi-centers-and-retail-post-1q-earnings%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\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97014\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/cenomi-centers-and-retail-post-1q-earnings\/263-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"263.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/263.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97013\" class=\"content-area-description single-story post-97013 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-al-babtain-power-and-telecom tag-earnings-watch tag-enterpriseam-ksa tag-gasco tag-united-international-transportation-budget-saudi 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\/5\/.7ba7026d-6e81-4686-bbea-415e07bb19ce.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CENOMI CENTERS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Cenomi Ce<\/strong><strong>nters reported a 20.0% y-o-y increase in net income in 1Q 2025 to SAR 222.7 <\/strong><strong>mn<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/865.pdf\" style=\"\" rel=\"noopener\">earnings release<\/a>. The Saudi mall operator\u2019s bottom line was supported by a favorable base effect, with 1Q 2024 net income \u201cimpacted by the one-time write-off of non-amortized financing cost associated with a historical Islamic facility and 2024 Sukuk.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company also reported SAR 590.6 mn in total revenue, rising 0.8% y-o-y<\/strong>, with EBITDA for the quarter coming in at SAR 357.4 mn, up 10.6% y-o-y. The improvement was supported by an 8.8% rise in media sales and a 7.4% increase in operating income.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cenomi Centers saw the \u201cstrongest footfall performance for any first quarter\u201d in 1Q 2025<\/strong>, recording 34.7 mn customer visits, rising 9.7% y-o-y. When adjusted to exclude Mall of Dhahran, Cenomi Centers\u2019 overall footfall was up 15.8% y-o-y. The Mall of Dhahran was handed over in early February. Like-for-like occupancy rose 0.6 percentage points y-o-y to 93.1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> Cenomi Centers' board <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87225&anCat=1&cs=4321&locale=en\" style=\"\" rel=\"noopener\">approved<\/a> a dividend distribution of SAR 178.125 mn for Q4 2024 at SAR 0.375 per share. The dividend is scheduled to be distributed on 3 July.<\/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\">CENOMI RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cenomi Retail reported a net income of SAR 1.8 mn in 1Q 2025<\/strong>, reversing a net loss of SAR 151.7 mn in the same period last year, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87277&anCat=1&cs=4240&locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to Tadawul. Group revenues rose 11.2% y-o-y to SAR 1.3 bn, supported by strong domestic retail performance and growing international sales, as well as \u201cfavorable seasonal dynamics\u201d in Saudi Arabia thanks to Ramadan driving higher sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International locations:<\/strong> Saudi retail revenues climbed 10% y-o-y to SAR 953.4 mn, with revenue per store nearly doubling due to portfolio optimization. International sales grew 21.8% led by Uzbekistan and other CIS markets. Online revenues jumped 21.8% to SAR 111.2 mn, contributing 8.3% to total sales. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shrinking debt:<\/strong> The company trimmed its total debt by SAR 216.6 mn to SAR 1.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ARABIAN DRILLING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian Drilling\u2019s net income dipped 48.6% y-o-y to SAR 75 mn in 1Q 2025<\/strong>, weighed down by rig suspensions since 2024 despite a land plot sale and insurance recoveries compensating, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1063.pdf\" style=\"\" rel=\"noopener\">earnings release<\/a>. Meanwhile, revenue slipped 5.8% y-o-y to SAR 911 mn over the same period, due to rig suspensions, which was offset by operating 11 new unconventional land rigs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AL MAWARID MANPOWER-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Mawa<\/strong><strong>rid Manpower Company reported a 13.4% y-o-y rise in net income to SAR<\/strong><strong> 29.9 <\/strong><strong>mn in 1Q 2025, while its revenue climbed 34.0% y-o-y to SAR 588.7 mn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87267&anCat=1&cs=1833&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Both were mainly driven by higher workforce deployment across corporate and individual segments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LAZURDE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jewelry maker<\/strong> <strong>Lazurde posted a 52.5% y-o-y decline in net income to SAR<\/strong><strong> 13.3 mn in 1Q <\/strong><strong>2025<\/strong> amid the absence of a one-off FX gain recorded in the same quarter last year, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87256&anCat=1&cs=4011&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue rose 35.6% y-o-y to SAR 721.2 mn during the same period, supported by growing sales at existing and new stores in both the Kingdom and Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NATIONAL GAS AND INDUSTRIALIZATION COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>National Gas<\/strong><strong> and Industrialization Company (Gasco) clocked a 21.2% y-o-y<\/strong><strong> drop in <\/strong><strong>net income in 1Q 2025<\/strong>, coming in at SAR 61.9 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87240&anCat=1&cs=2080&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The decline came on the back of rising operating expenses and lower investment and finance income. Revenue grew 18.5% y-o-y to SAR 837.6 mn thanks to higher gas sales volume and prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AL BABTAIN POWER AND TELECOMMUNICATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Babtain Pow<\/strong><strong>er and Telecommunication saw its net income <\/strong><strong>rise 6.8% y-o-y to SAR 88.2 <\/strong><strong>mn in 1Q 2025<\/strong>, supported by higher productivity, stronger cost control, and bigger margins, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87270&anCat=1&cs=2320&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. However, revenue declined 9.8% y-o-y to SAR 631.2 mn during the same period as the company completed several projects in the poles and lighting sector, as well as the renewable energy sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> BUDGET SAUDI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The United I<\/strong><strong>nternational Transportation Company (Budget Saudi) posted an 18.1%<\/strong><strong> y-o-y <\/strong><strong>increase in net income to SAR 82.8 mn in 1Q 2025<\/strong>, supported by a stronger revenue base, operational efficiency, and cost control measures, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87274&anCat=1&cs=4260&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue climbed 30.4% y-o-y to SAR 543.4 mn during the same quarter, boosted by an expanded fleet and higher utilization rates across both the short- and long-term rental segments, as well as the positive impact of the newly consolidated subsidiary Autoworld.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-babtain-power-and-telecom\/\">Al-Babtain Power and Telecom<\/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\/gasco\/\">Gasco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/united-international-transportation-budget-saudi\/\">United International Transportation (Budget Saudi)<\/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=\"97015\" 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=\"97015\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/\">\r\n                            Red Sea Film taps Faisal Baltyuor as CEO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/\" 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\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/')\">\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\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/\">\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=Red Sea Film taps Faisal Baltyuor as CEO&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/\">\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\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/&title=Red Sea Film taps Faisal Baltyuor as CEO\">\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=Red+Sea+Film+taps+Faisal+Baltyuor+as+CEO+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F14%2Fred-sea-film-taps-faisal-baltyuor-as-ceo%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\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1106.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97016\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/red-sea-film-taps-faisal-baltyuor-as-ceo\/1106-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1106.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1106.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1106.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1106.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97015\" class=\"content-area-description single-story post-97015 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-ksa tag-moves tag-red-sea-film 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\/5\/.4f7a7785-3322-4983-ad28-76c3448d124e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Red Sea Film<\/strong><strong> Foundation appointed Faisal Baltyuor (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/faisal-baltyuor-a45b703b\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as its new CEO<\/strong>, according to a post on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/redseafilm_redseafilmfoundation-activity-7327935647145443328-Zfry?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAAoCoEEBdfXINxwhVEfDgQbluFCyXb7HJBA\" style=\"\" rel=\"noopener\">LinkedIn<\/a>. Starting June 1, the Saudi film industry pioneer will oversee the Jeddah-based Red Sea Film Festival, the Red Sea Fund, and its year-round Red Sea Labs. Baltyuor was previously head of Ithra Cinema and CEO of Muvi Studios. He also founded the film distribution company CineWaves Films.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/red-sea-film\/\">Red Sea Film<\/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=\"97017\" 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=\"97017\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/modon-inked-sar-350-mn-worth-of-contracts-at-the-saudi-food-show\/\">\r\n                            Modon inked SAR 350 mn worth of contracts at the Saudi Food Show                        <\/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 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Show\">\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=Modon+inked+SAR+350+mn+worth+of+contracts+at+the+Saudi+Food+Show+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F14%2Fmodon-inked-sar-350-mn-worth-of-contracts-at-the-saudi-food-show%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\/05\/14\/modon-inked-sar-350-mn-worth-of-contracts-at-the-saudi-food-show\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1103.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97018\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/modon-inked-sar-350-mn-worth-of-contracts-at-the-saudi-food-show\/1103-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1103.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1103.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1103.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1103.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97017\" class=\"content-area-description single-story post-97017 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-ksa tag-flat6labs tag-modon tag-wyndham-hotels 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\/5\/.668a35a2-0356-4a90-bc73-1b86da8555cb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FOOD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Modon dou<\/strong><strong>bles down on food industry investments:<\/strong> The Saudi Authority for Industrial Cities and Technology Zones (Modon) signed a total of 10 industrial, investment, and logistics contracts worth SAR 350 mn on the sidelines of the Saudi Food Show, a post on <a target=\"_blank\" href=\"https:\/\/x.com\/modon_ksa\/status\/1922012920872874463\" style=\"\" rel=\"noopener\">X<\/a> announced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In CONTEXT- <\/strong>Modon is the key strategic partner of this year\u2019s <a target=\"_blank\" href=\"https:\/\/www.thesaudifoodshow.com\/sponsors-partner\/strategic-partner\" style=\"\" rel=\"noopener\">Saudi Food Show<\/a>, but its support for the F&B industry dates back to 2023 when it signed agreements worth USD 285 mn to localise the Kingdom\u2019s F&B industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt-base<\/strong><strong>d Flat6Labs added T-Gate to its investment portfolio<\/strong>, after the homegrown tech startup participated in the fifth cycle of Flat6Labs\u2019 Riyadh Seed Program, competing with more than 20 startups for prizes \u2014 including a three-year funding \u2014 the company said in a post on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/flat6labs_flat6labs-ksa-foodtech-activity-7327709162543493120-K7D5?utm_source=share&utm_medium=member_desktop&rcm=ACoAADKzrWYB_Vh_KTSGtQ4AAAAhQQSbfVysFkc\" style=\"\" rel=\"noopener\">LinkedIn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About T-Gate: <\/strong>T-Gate is a middleware that connects food and beverage outlets with service providers, delivery apps, and point-of-sale systems, aiming to streamline communication between food tech businesses and other industry players.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Flat6Labs invested a total of SAR 5 mn in 10 Saudi startups in the fourth cycle of its Riyadh Seed Program <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/253f3044-13ae-4719-ad59-ef7858589dad\/cipher-secures-sar-50-mn-pre-ipo-funding-from-impact46#:~:text=Flat6Labs%20invested%20a%20total%20of%20SAR%205%20mn%20in%2010%20Saudi%20startups%20in%20the%20fourth%20cycle%20of%20its%20Riyadh%20Seed%20Program\" style=\"\" rel=\"noopener\">last December<\/a>, with each startup receiving SAR 500k in direct investments.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/flat6labs\/\">Flat6Labs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/modon\/\">Modon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/wyndham-hotels\/\">Wyndham Hotels<\/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=\"97019\" 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=\"97019\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/05\/14\/us-stocks-extend-rally-on-softer-inflation-data\/\">\r\n                            US stocks extend rally on softer inflation data                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1090.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97020\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/14\/us-stocks-extend-rally-on-softer-inflation-data\/1090-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1090.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1090.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1090.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1090.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97019\" class=\"content-area-description single-story post-97019 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-ksa tag-financial-markets tag-planet-finance tag-tariffs 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\/5\/.d31d0974-ee0a-4314-8afe-6f62fa4fcb2a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> US equities rallied Tuesday on the back of a softer-than-expected April inflation reading <\/strong><strong>and a tariff truce between the US and China.<\/strong> The S&P 500 closed higher for the second straight session, wiping out year-to-date losses \u2014 the benchmark is now up 0.1% for the year. The rebound comes as a welcome reversal from the steep market sell-off triggered by the announcement of US President Donald Trump\u2019s \u201cLiberation Day\u201d tariffs on 2 April, which had dragged the S&P down as much as 15% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation slowed, and tariff pressure eased:<\/strong> Annual inflation slowed to 2.3% in April, down from 2.4% in March, and slightly below forecasts. Consumer prices climbed 0.2% m-o-m in April \u2014 also below forecasts \u2014 up from a 0.1% drop in March, according to <a target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" style=\"\" rel=\"noopener\">data<\/a> from the US Bureau of Labor Statistics. \u201cThere was nothing in CPI to throw it off,\u201d BMO Private Wealth\u2019s strategist Carol Schleif told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/us-stock-futures-down-trade-truce-rally-fades-inflation-data-focus-2025-05-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The CPI data landed just a day after Washington and Beijing announced they would <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6785b59-0af4-4c18-a25d-3be7c44d1796\/temporary-respite-as-us-china-trade-war-eases-with-90-day-truce\" style=\"\" rel=\"noopener\">temporarily pause their trade war<\/a> for 90 days, dialing back trade tensions that have weighed on markets for months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> The S&P 500 rose 0.7%, notching a YTD gain for the first time since February. The tech-heavy Nasdaq inched up 1.6%, while the Dow Jones fell 0.6%, dragged by a 17.8% drop in UnitedHealth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sentiment shifts fast, but some remain cautious:<\/strong> The truce between the US and China on the tariffs front was akin to going \u201cfrom iceberg to 80 degrees spring day overnight\u201d said Schleif, pointing out that the news would help retailers stack up imports ahead of the holidays and the new academic year. \u201cThere\u2019s been an instant reversal in the prevailing trends of the last several months,\u201d Putnam Investments\u2019 Shep Perkins told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/fcf87e4e-c129-4f9b-b6b7-fc291d7e0c45\" style=\"\" rel=\"noopener\">Financial Times<\/a>, calling the truce a \u201cbig positive surprise.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, others warned the rebound may be overblown:<\/strong> \u201cRelief from policy-inflicted stress may be bullish at the margin, but it does not strengthen the economy or reverse the global slowdown that was already under way,\u201d said BCA Research\u2019s Felix-Antoine Vezina-Poirier, warning that a global 10% tariff would remain a \u201cstagflationary drag.\u201d<\/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 mixed in early trading this morning. <\/strong>Japan\u2019s Nikkei is down 0.6% and the Shanghai Composite is down 0.1%, while the Hang Seng (1.2%) and Korea\u2019s Kospi (0.7%) are in the green.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,532<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,475<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -2.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">27,929<\/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\">+2.1% (YTD: -11.3%)<\/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>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\">31,693<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,631<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +2.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,363<\/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: +4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,887<\/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: +0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,603<\/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\">-0.02% (YTD: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,416<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +10.6%)<\/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>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 66.63<\/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\">+2.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.61<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,260<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4%<\/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 103,987<\/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: -1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Sukuk\/bond market index<\/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\">912.71<\/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: +1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA bond & sukuk<\/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\">143.04<\/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\">-0.3% (YTD: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Fear gauge)<\/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\">18.22<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9% (YTD: +5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>rose 0.38% <strong>yesterday <\/strong>on turnover of SAR 5.4 bn. The index is down 4.2% 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> Sarco (+9.9%), Zamil Industrial (+7.7%) and Artex (+4.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Gulf General (-6.5%), Alkhaleej Trading (-5.1%) and Saudi Re (-3.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> rose 2.14% <strong>yesterday <\/strong>on turnover of SAR 65.2 mn. The index is down 11.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> AME (+12.8%), United Mining (+10%) and Albattal Factory (+9.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> iOud (-13.7%), Munawla (-6.3%) and Almohafaza for Education (-6.3%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tariffs\/\">tariffs<\/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=\"97021\" 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\/05\/14\/97021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97021\" class=\"content-area-description single-story post-97021 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;\">MAY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Second week of 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>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 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>12-14 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thesaudifoodshow.com\/\" style=\"\">Saudi Food Show 2025<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Exhibition and Conference Centre, 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:\/\/riyadhiiw.com\/\" style=\"\">Riyadh International Industry Week<\/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>15-21 May (Thursday-Wednesday): Axelerated Solutions\u2019 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/39ea13d0-cf04-47c6-8edb-4c66195cf96c\/%253cmark%253eaxelerated-solutions%253c%2Fmark%253e-is-taking-a-10.7%2525-stake-to-nomu-next-month\" style=\"\">Nomu IPO<\/a><\/span><span style=\"font-weight:400;\"> subscription period. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 May (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/hailinvestmentforum.com\/\" style=\"\">Hail investment Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, Al Roshan Expo, Hail. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18 May (Sunday): Conclusion of the b<\/span><span>ookbuilding period for institutional investors in Flynas\u2019 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/fcd3951b-b5c2-4b48-b8b2-1241137d1f5a\/%253cmark%253eflynas%253c%2Fmark%253e-is-taking-a-30%2525-to-tadawul%25e2%2580%2599s-main-market\" style=\"\">Tadawul IPO<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/fcd3951b-b5c2-4b48-b8b2-1241137d1f5a\/%253cmark%253eflynas%253c%2Fmark%253e-is-taking-a-30%2525-to-tadawul%25e2%2580%2599s-main-market\" style=\"\"><\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-22 May (Sunday-Thursday): Al Kuzama\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c45c4dde-e3fc-4104-bd1c-80040109c32a\/al%253cmark%253e-kuzama%253c%2Fmark%253e-to-kick-off-nomu-ipo-next-month\" style=\"\">Nomu IPO<\/a><\/span><span style=\"font-weight:400;\"> subscription period.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-25 May (Monday-Sunday): Asas Makeen\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b100df66-68fa-414b-ab57-9d374b05b379\/%253cmark%253easas-makeen%253c%2Fmark%253e-to-open-subscription-for-its-nomu-ipo-on-19-may\" style=\"\">Nomu IPO<\/a><\/span><span style=\"font-weight:400;\"> subscription period.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-26 May (Monday-Monday): Dome International\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9dfb4756-9a8e-481b-aa53-d9536b32b44d\/dome-international-is-taking-a-14.5%2525-stake-to-nomu\" style=\"\">Nomu IPO<\/a><\/span><span style=\"font-weight:400;\"> subscription period.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-27 May (Thursday-Tuesday): Anmat\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e08ba8eb-1421-4df5-b0a3-9d14876af05c\/anmat-is-taking-11.6%2525-stake-to-nomu\" style=\"\">Nomu IPO<\/a><\/span><span style=\"font-weight:400;\"> subscription period.<\/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 style=\"font-weight:400;\">26-29 May (Monday-Thursday): Hawyia Auctions Nomu IPO offering period.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27-28 May (Tuesday-Wednesday): Aseer Investment Forum, King Khalid University in Al Faraa, Abha. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27 May-1 Jun (Tuesday-Sunday): Al Khaldi\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/022d064a-dbcb-4cf2-8c9b-48cef58d06ff\/al-khaldi-gears-up-to-float-a-7%2525-stake-on-nomu\" style=\"\">Nomu IPO<\/a><\/span><span style=\"font-weight:400;\"> subscription period<\/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:400;\">30 May (Friday) King\u2019s Cup final (Al-Ittihad vs Al-Qadisiyah), Al-Inma Stadium, King Abdullah Sports City, 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;\">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>1-3 October (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sgbf.sa\/\" style=\"\">Saudi Green Building 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>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 (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaea.org\/events\/epr2025\" style=\"\">International Conference on Nuclear 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>1-4 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/isocarp.org\/61st-isocarp-world-planning-congress\/\" style=\"\">61st ISOCARP World Planning 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: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-invoicing 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\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>USD 600 bn committed | Humain partners with Amazon, AMD and more | US stocks extend 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