{"id":97044,"date":"2025-05-15T00:00:00","date_gmt":"2025-05-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=97044"},"modified":"2025-12-14T21:02:37","modified_gmt":"2025-12-14T21:02:37","slug":"aramco-datavolt-pif-and-more-sign-bns-in-agreements-at-us-forum-trump-attends-gcc-us-summit","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-datavolt-pif-and-more-sign-bns-in-agreements-at-us-forum-trump-attends-gcc-us-summit\/","title":{"rendered":"Aramco, DataVolt, PIF and more sign bns in agreements at US forum + Trump attends GCC-US summit"},"content":{"rendered":"<section id=\"97046\" 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=\"97046\">\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\/15\/trump-wraps-up-riyadh-visit-heads-to-qatar-and-uae\/\">\r\n                            THIS MORNING: Trump wraps up Riyadh visit, heads to Qatar and UAE                        <\/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\/15\/trump-wraps-up-riyadh-visit-heads-to-qatar-and-uae\/\" 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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News of USD bns in agreements signed at the Saudi-US Business Forum continue to flow, as Aramco, DataVolt, PIF and many more are out with details on the USD 600 bn package announced on Tuesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s last hours in Riyadh:<\/strong> US President Donald Trump joined Crown Prince Mohammed bin Salman and GCC leaders at the GCC-US summit in King Abdul Aziz International Conference Center. The President restated his perspective on Middle East affairs in a brief speech echoing his remarks at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/97d3b507-e205-4666-b14f-205e7bba5b70\/trump,-mbs-friendship-bolsters-us-saudi-partnership,-investments#:~:text=Trump%20picked%20Riyadh%20for%20his%20first%20international%20visit%20a%20second%20time%20around\" style=\"\" rel=\"noopener\">the Saudi-US Investment Forum<\/a>, commending GCC\u2019s peace efforts and economic prosperity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who was there? <\/strong>Emir of Qatar Tamim bin Hamad bin Khalifa Al Thani, Emir of Kuwait Sheikh Meshal Al Ahmad Al Jaber Al Sabah, Omani Deputy Prime Minister Asa\u2019ad bin Tariq bin Taimur Al Said, King of Bahrain Hamad bin Isa bin Salman Al Khalifa, and Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Trump met with Syrian President Ahmed Al Sharaa <\/strong>just before the summit, while Turkey\u2019s President Erdogan joined over the phone. Trump urged Al Sharaa to join the so-called Abraham Accords, while the latter invited American companies to invest in Syria\u2019s oil and gas, the US Press Secretary <a target=\"_blank\" href=\"https:\/\/x.com\/PressSec\/status\/1922567846317392240\" style=\"\" rel=\"noopener\">said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US President left Riyadh shortly after the summit and landed in Qatar<\/strong>, where he met with Emir Tamim bin Hamad. The visit saw <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/05\/14\/us\/politics\/qatar-airways-boeing-jets.html\" style=\"\" rel=\"noopener\">the signing of USD 243 bn in agreements<\/a> (per White House tally), including defense purchases for drone and counter-drone capabilities from US companies, Qatari investments at Al Udeid Air Base, and a tall, USD 96 bn order for up to 210 Boeing jets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where to next? <\/strong>Trump is set to land in UAE today for the third and last stop, which is set to conclude his four-day Middle East with more investments agreements signed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Donald and Russia\u2019s Putin will be <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/putin-trump-skip-ukraines-peace-talks-that-russian-leader-proposed-2025-05-14\/\" style=\"\" rel=\"noopener\">skipping the first direct Russia-Ukraine peace talks<\/a><\/strong><strong> to be held in Turkey today<\/strong>, with Russia opting to send a group of technocrats instead. The talks \u2014 proposed by Putin \u2014 are unlikely to see a breakthrough in the absence of the two leaders.<\/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\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IT services<\/strong><strong> provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/axs.sa\/en\" style=\"\" rel=\"noopener\">Axelerated Solutions<\/a><\/strong><strong> will begin <\/strong><strong>its IPO subscription period <\/strong><strong>today<\/strong>. The company is offering 3 mn new shares, representing 10.7% of its post-IPO capital, in a primary offering limited to qualified investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The subscription window will run between 15-21 May, where qualified investors will be able to book up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2cc79728-2425-41c1-aeef-98cdbe803861\/%253cmark%253eaxelerated%253c%2Fmark%253e-solutions-priced-its-nomu-ipo-at-sar-27-apiece\" style=\"\" rel=\"noopener\">1.4 mn shares<\/a> each, with the minimum limit set at 100 shares. Final allocations are 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>WEATHER- <\/strong>Dust storms are still blowing in Riyadh, Qassim, Hail, Madinah, Tabuk, Al-Jouf, and the Northern Borders, with thunderstorms expected in Jazan, Asir, and parts of Al-Baha.<\/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 41\u00b0C and a low of 26\u00b0C today<\/strong>, while Jeddah\u2019s mercury will go as high as 40\u00b0C and as low as 28\u00b0C. Makkah will see a 45\u00b0C high and 31\u00b0C low.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> <\/strong><strong>Investors hav<\/strong><strong>e <\/strong><strong>un<\/strong><strong>til <\/strong><strong>the end<\/strong><strong> of the day to subscribe to Saudi Awwal Bank\u2019s (SAB) <\/strong><strong>USD-denominated additional <\/strong><strong>tier-one (AT1) green sukuk private placement issuance<\/strong> at a minimum amount of USD 200k each, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87355&anCat=1&cs=1060&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The regulation S compliant paper will be listed on the London Stock Exchange's International Securities Market for secondary market trading, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is part of the lender\u2019s <\/strong><strong><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\">USD 5 bn AT1 capital sukuk program<\/a><\/strong><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\"><\/a>, which aims to shore up its capital base. The amount and terms of the offer will be determined based on market conditions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Additional AT1 sukuk are shariah-compliant bonds that banks issue to increase their capital. This type of sukuk doesn\u2019t have a set maturity date \u2014 meaning they can last forever unless the bank decides to buy them back.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Our friends at HSBC are joint lead managers on the transaction, alongside Merrill Lynch International, Citigroup Global Markets, JP Morgan Securities, Kamco Investment Company, Mizuho International, Standard Chartered Bank, and Warba Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>Egypt\u2019s <\/strong><strong>eF<\/strong><strong>inance<\/strong><strong> eyes regional expansion and d<\/strong><strong>eeper Saudi ties:<\/strong> Egypt\u2019s state-owned e-payments firm eFinance, is exploring potential new investments in Egypt and abroad with support from the Public Investment Fund\u2019s Saudi Egyptian Investment Company (SEIC), which holds a 25.8% stake in the firm, eFinance\u2019s Chairman Ibrahim Sarhan told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/82824\/%D8%A5%D9%8A-%D9%81%D8%A7%D9%8A%D9%86%D8%A7%D9%86%D8%B3-%D8%AA%D8%AA%D8%B7%D9%84%D8%B9-%D9%84%D9%84%D8%AA%D9%88%D8%B3%D8%B9-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%88%D8%AE%D8%A7%D8%B1%D8%AC%D9%87%D8%A7-%D8%A8%D8%AF%D8%B9%D9%85-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. A third SEIC seat has been added to the company\u2019s board, and a task force has been formed with SEIC to pursue joint prospects, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #1- <\/strong><strong>Consumer spe<\/strong><strong>nding <\/strong><strong>via point-of-sale (PoS) transactions in the Kingdom was down 15.4% <\/strong><strong>w-o-w in the week ending Saturday, 10 May<\/strong>, reaching SAR 13.1 bn, according to the <a target=\"_blank\" href=\"https:\/\/www.sama.gov.sa\/en-US\/Indices\/POS_EN\/POS_Report_10_May_2025.pdf\" style=\"\" rel=\"noopener\">Saudi Central Bank\u2019s report (pdf)<\/a>. The number of weekly transactions also fell 8.3% w-o-w to SAR 221.1 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> All sectors surveyed in the report recorded w-o-w decline, after having seen only w-o-w gains last week. Restaurants and caf\u00e9s made up the biggest chunk of spending in terms of value over the week, but experienced a 10.1% fall w-o-w to SAR 1.90 bn. The food and beverage sector came in second place, but also fell by 21.2% w-o-w to just under SAR 1.9 bn. This was followed by gas stations spending, which fell by 12.7% w-o-w to just over SAR 946 mn, and healthcare, which fell 12.9% to SAR 830.1 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh had the highest value of PoS transactions at just under SAR 4.7 bn<\/strong>, followed by Jeddah at just under SAR 1.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- P<\/strong><strong>orts <\/strong><strong>supervised by the Saudi Ports Authority (Mawani) handled 625.4k TEUs<\/strong><strong> in April <\/strong><strong>2025<\/strong>, up 13.4% y-o-y, according to an authority <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=130525\" style=\"\" rel=\"noopener\">statement<\/a>. The growth was driven by a 22.5% y-o-y jump in imported containers to 259.4k TEUs and an 8% rise in exported containers to 233.8k TEUs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transshipment volumes also saw a 7.5% uptick to 132.2k TEUs<\/strong>. Meanwhile, overall cargo volumes declined 2.4% y-o-y to 20.5 mn tons during the month.<\/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>Opec maintains oil demand for<\/strong><strong>ecasts for 2025, 2026:<\/strong> The oil group set its global oil demand forecasts for 2025 and 2026 at a 1.3 mn bbl\/d y-o-y increase in each year, unchanged from its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/914deeec-c2a6-49d8-ad28-813709378f77\/majid-al-futtaim-properties-is-expanding-in-riyadh-%2B-saudi-projects-to-get-golden-treatment-in-egypt\" style=\"\" rel=\"noopener\">April projection<\/a>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1231.pdf\" style=\"\" rel=\"noopener\">Opec\u2019s monthly oil market report (pdf)<\/a>. This follows previous forecast reductions, including one in April attributed to US tariffs weighing on global consumption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the supply side<\/strong>, Opec again lowered its forecast for supply growth from countries outside the cartel for 2025 and 2026 to 0.8 mn bpd, down from 0.9 mn bpd forecasted in April and 1 mn bpd in March, due to anticipated lower capital spending following a recent decline in oil prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-expects-slower-2025-oil-supply-growth-rivals-after-price-drop-2025-05-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> also had the story<\/strong><strong>.<\/strong><\/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. 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The oil giant did not break down the value of each agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnerships span various sectors<\/strong>, including Liquefied Natural Gas (LNG), fuels, chemicals, emission-reduction technologies, AI, digital solutions, manufacturing, asset management, and short-term investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Downstream agreements include<\/strong> an MoU with <strong>Honeywell<\/strong> for technology licensing of an aromatics project, another with <strong>Motiva <\/strong>for an aromatics project in Port Arthur, MoUs with <strong>Afton Chemical<\/strong> for development and supply of chemical fuel additives, and an MOU with <strong>Exxon Mobil <\/strong>for exploring an upgrade to the SAMREF refinery into a petrochemical complex.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the upstream side: <\/strong>The oil giant inked a non-binding agreement with Australian petroleum exploration firm <strong>Woodside Energy<\/strong> to mull acquiring a stake in Woodside Energy\u2019s newly acquired LNG project, along with other potential investments, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1142.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The facility \u2014 scheduled to deliver its first gas package in 2029 \u2014 will boast three separate processing units at an annual capacity of a 16.5 tons. Woodside expects the project to generate some <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/woodside-energy-commits-175-billion-louisiana-lng-project-2025-04-28\/\" style=\"\" rel=\"noopener\">USD 2 bn<\/a> in net operating income annually in the 2030s.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other upstream agreements<\/strong> included an MoU with <strong>Sempra Infrastructure<\/strong>, related to a previously announced agreement for an equity stake and purchasing from Port Arthur LNG 2. Aramco will also purchase 1.2 mn tonnes of LNG annually from <strong>Next Decade<\/strong> over 20-year term from Train 4 of the Rio Grande LNG Facility, conditioned on the final investment decision for Train 4. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tech agreements were also signed with US partners<\/strong><strong>:<\/strong><\/p>\n<ul>\n<li><strong>NVIDIA:<\/strong> An MoU focused on developing advanced industrial AI computing infrastructure, establishing AI platforms, an engineering and robotics center of excellence, and offering training and upskilling programs, as well as working with NVIDIA's startup ecosystem. <\/li>\n<li><strong>Amazon:<\/strong> A non-binding framework agreement will see Aramco collaborate with Amazon Web Services on digital transformation and lower-carbon initiatives. <\/li>\n<li><strong>Qualcomm:<\/strong> An MoU with Aramco Digital to explore leveraging its 450 MHz 5G industrial network to connect devices with AI capabilities from Qualcomm, including smartphones, industrial devices, robots, drones, cameras, sensors, and other IoT devices. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO<\/strong> - Aramco and group companies signed MoUs to reflect existing relationships with US suppliers for materials and professional services, including SLB, Baker Hughes, McDermott, Halliburton, Nabors, Helmerich & Payne, Valaris, NESR, Weatherford, Air Products, KBR, Flowserve, NOV, Emerson, GE Vernova, and Honeywell. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND<\/strong>- Aramco also entered into an MoU with Guardian Glass to localize specialty glass manufacturing for architectural applications in Saudi Arabia. Wisayah, Aramco's asset management arm, also has agreements with PIMCO, State Street Corporation, and Wellington. Meanwhile, agreements for short-term investments were also made through a unified investment fund dubbed the Fund of One, with big players including BlackRock, Goldman Sachs, Morgan Stanley, and PIMCO.<\/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 SIGNED AT THE FORUM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ma\u2019aden + <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mpmaterials.com\/\" style=\"\" rel=\"noopener\">MP Mater<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/mpmaterials.com\/\" style=\"\" rel=\"noopener\">ials<\/a><\/strong><strong> to drive rare earth industrialization in the Kingdom:<\/strong> Saudi Arabian Mining (Ma\u2019aden) signed a MoU with US-based MP Materials to explore the development of a fully integrated rare earth supply chain in the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/mpmaterials.com\/news\/maaden-and-mp-materials-collaborate-to-establish-full-value-chain-for-rare-earth-magnetics\" style=\"\" rel=\"noopener\">press release<\/a>. The potential collaboration spans mining, separation, refining, and magnet production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong><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\">Last month<\/a>, Ma\u2019aden was reportedly considering a rare earths partnership with one of four international firms, including Australia\u2019s Lynas Rare Earths, Canada\u2019s Neo Performance Materials, China\u2019s Shenghe Resources, and US-based MP Materials.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97051\" 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=\"97051\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/datavolt-inks-multi-year-usd-20-bn-partnership-with-us-based-supermicro-plus-more-tech-agreements-with-qualcomm-google-oracle\/\">\r\n                            DataVolt inks multi-year USD 20 bn partnership with US-based Supermicro. PLUS: More tech agreements with Qualcomm, Google, Oracle                        <\/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\/15\/datavolt-inks-multi-year-usd-20-bn-partnership-with-us-based-supermicro-plus-more-tech-agreements-with-qualcomm-google-oracle\/\" 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\/15\/datavolt-inks-multi-year-usd-20-bn-partnership-with-us-based-supermicro-plus-more-tech-agreements-with-qualcomm-google-oracle\/')\">\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\/15\/datavolt-inks-multi-year-usd-20-bn-partnership-with-us-based-supermicro-plus-more-tech-agreements-with-qualcomm-google-oracle\/\">\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=DataVolt inks multi-year USD 20 bn partnership with US-based Supermicro. 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The pair aims to link net-zero hydrogen and gigawatt-class renewable power with state-of-the-art server technology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Right on the clock:<\/strong> The White House <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0b805941-144c-42ef-ad73-dae55cdbdf2a\/the-kingdom-commits-usd-600-bn-in-us-investments,-to-reach-usd-1-tn\" style=\"\" rel=\"noopener\">revealed plans<\/a> earlier this week for DataVolt to invest USD 20 bn in US-based AI data centers and energy infrastructure, alongside commitments from companies like Google, Oracle, Salesforce, AMD, and Uber totalling USD 80 bn in joint technology investments in the Kingdom and the US.<\/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>Humain and<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.qualcomm.com\/\" style=\"\" rel=\"noopener\">Qualcomm Technologies<\/a><\/strong><strong> will collaborate on next-gen AI data centers, <\/strong><strong>infrastructure, and cloud-to-edge services<\/strong>, according to an emailed statement seen by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The collaboration will see the US-based semiconductor manufacturer and Humain co-develop AI data centers in Saudi Arabia, leveraging Qualcomm\u2019s cloud-to-edge hybrid AI inferencing solutions. Qualcomm will also design and supply its data center CPU and AI offerings to support Humain\u2019s AI cloud infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnership also aims to integrate Humain\u2019s Arabic large language models<\/strong> with Qualcomm\u2019s Snapdragon and Dragonwing processors on edge devices, enabling seamless hybrid AI inferencing from cloud to edge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Humain and Qualcomm Technologies partnered with the Communications and Information Technology Ministry to launch a Qualcomm Design Center in the Kingdom, offering training programs and startup initiatives on semiconductor technology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Humain made a barrage of tech agreements at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cb36474b-d5c7-4b30-9cb2-fce86198691e\/pif%25e2%2580%2599s-ai-powerhouse-humain-starts-strong,-securing-usd-bns-in-agreements\" style=\"\" rel=\"noopener\">Saudi-US Investment Summit<\/a>, including a joint USD 5 bn investment with AWS to establish an AI Zone and deliver training in Saudi Arabia, a five-year USD 10 bn agreement with AMD to deploy 500 MW of AI infrastructure, and a collaboration with Nvidia to develop an additional 500 MW of data center capacity.<\/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>#3-<\/strong> <strong>Google back<\/strong><strong>s STV\u2019s<\/strong><strong> new AI Fund to boost MENA startup growth:<\/strong> <a target=\"_blank\" href=\"https:\/\/stv.vc\/\" style=\"\" rel=\"noopener\">Saudi Technology<\/a><a target=\"_blank\" href=\"https:\/\/stv.vc\/\" style=\"\" rel=\"noopener\">Ventures<\/a> (STV) launched a new USD 100 mn AI Fund backed by Google to support the development of AI-native early-stage startups across the Middle East and North Africa and accelerate their global expansion, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1204.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund is looking to fill the major AI funding gap in the region<\/strong> \u2014 1.5% of MENA\u2019s VC funding went to AI in 2024, compared to 38% in the US and 13% in India, according to STV Research.<\/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>#4-<\/strong> <strong>STC-Oracle pa<\/strong><strong>rtnership to boost Saudi AI cloud infrastructure <\/strong><strong>development: <\/strong>Saudi Telecom Company (STC) and <a target=\"_blank\" href=\"https:\/\/www.oracle.com\/eg\/\" style=\"\" rel=\"noopener\">Oracle<\/a> have expanded their strategic partnership with a SAR 2 bn agreement to advance AI-powered cloud infrastructure and sovereign cloud solutions in the Kingdom, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2317972\" style=\"\" rel=\"noopener\">SPA<\/a> reported. The initiative will be delivered through Oracle\u2019s Alloy platform hosted in data centers operated by Center3, STC\u2019s digital infrastructure subsidiary.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM ORACLE- <\/strong>The company <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2318259\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with the Digital Government Authority To accelerate digital transformation in Saudi government entities through cloud computing, AI, emerging technologies, and national talent development.<\/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>#5- The Saudi Authority for Data and Artificial Intelligence (SDAIA) signed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2318258\" style=\"\" rel=\"noopener\">multiple MoUs<\/a><\/strong> <strong> on the sidelines of the <\/strong><strong>Saudi-US Investment Forum<\/strong> to advance digital transformation, AI capabilities, and cybersecurity infrastructure, state news agency SPA reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.amd.com\/en.html\" style=\"\" rel=\"noopener\">AMD<\/a><\/strong> will <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2318089\" style=\"\" rel=\"noopener\">explore<\/a> the development of AI data centers in the Kingdom using AMD technologies, while <strong><a target=\"_blank\" href=\"https:\/\/www.purestorage.com\/\" style=\"\" rel=\"noopener\">Pure Storage<\/a><\/strong> will collaborate to upgrade data systems and drive AI innovation. <a target=\"_blank\" href=\"https:\/\/www.rackspace.com\/\" style=\"\" rel=\"noopener\">Rackspace<\/a> will also <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2318115\" style=\"\" rel=\"noopener\">collaborate<\/a> on cloud computing and AI, including a potential regional center of excellence, cloud infrastructure expansion, and a potential virtual university for digital tech training<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The authority also signed MoUs <\/strong>with <a target=\"_blank\" href=\"https:\/\/www.ddn.com\/\" style=\"\" rel=\"noopener\">DataDirect Networks<\/a> and <a target=\"_blank\" href=\"http:\/\/weka.io\" style=\"\" rel=\"noopener\">Weka<\/a> on AI hubs innovations, as well as <a target=\"_blank\" href=\"https:\/\/www.paloaltonetworks.com\/\" style=\"\" rel=\"noopener\">Palo Alto Networks Saudi Arabia<\/a> to strengthen national cybersecurity.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/pif-eyes-collaboration-with-us-asset-managers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1268.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97055\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/pif-eyes-collaboration-with-us-asset-managers\/1268-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1268.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1268.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1268.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1268.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97054\" class=\"content-area-description single-story post-97054 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-asset-management tag-enterpriseam-ksa tag-investment tag-investment-watch tag-public-investment-fund-pif wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.b27265c6-bf7a-44dc-960c-f59a381582d0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> PIF to collaborate with US asset managers: <\/strong>The Public Investment Fund (PIF) has entered into non-binding agreements with US asset managers Franklin Templeton and Neuberger Berman to invest bns of USDs into Saudi Arabia\u2019s capital markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Franklin Templeton will collaborate with PIF to invest up to USD 5 bn in Saudi <\/strong><strong>financial markets<\/strong> under the non-binding MoU, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/financial-markets\/2025\/05\/14\/%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%88%D8%AA%D9%85%D8%A8%D9%84%D8%AA%D9%88%D9%86-%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D8%AD%D9%84%D9%8A%D8%A7-\" 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>The partnership could include Saudi equities and fixed-income strategies<\/strong> in both public and private markets, subject to regulatory approvals and performance milestones. Franklin Templeton also aims to introduce knowledge-sharing programs and initiatives<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Franklin Templeton secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0313104d-121e-46d5-9716-0732db9d248d\/nomu-listed-delivery-app-jahez-wants-to-move-to-tadawul%25e2%2580%2599s-main-market\" style=\"\" rel=\"noopener\">Capital Market Authority licenses<\/a> in March 2024 to conduct investment management, fund operations, and securities advisory activities in the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Franklin Templeton has been active during the summit: <\/strong>Tadawul-listed Hassana Investment Company also signed a USD 150 mn MoU with the US-based asset manager to explore an investment partnership focused on the private credit market in the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hassana-investment-company-and-franklin-templeton-sign-mou-for-saudi-private-credit-partnership-qpwfgwk9\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The pair aims to support and expand access to bank loans for mid-sized companies, providing additional liquidity to a sector receiving less than 10% of total facilities while employing almost 50% of the Saudi workforce, 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>#2- Neuberger Berman signed a non-binding MoU with PIF<\/strong>, to support up to USD 6 bn in investments in local and Middle Eastern capital markets, according to its <a target=\"_blank\" href=\"https:\/\/www.nb.com\/en\/global\/press-releases\/neuberger-berman-and-pif-collaborate-for-us-$6-billion-investment-programme\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm \u2014 which manages USD 515 bn in assets \u2014 also plans to launch a Riyadh-based <\/strong><strong>multi-asset investment platform<\/strong>, covering equities, fixed income, and private markets, pending regulatory approval.<\/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>#3- The PIF inked a MoU with global infrastructure investor <\/strong><strong><a target=\"_blank\" href=\"https:\/\/isquaredcapital.com\/\" style=\"\" rel=\"noopener\">I Squared Capital<\/a><\/strong><strong> to launch a <\/strong><strong>Middle East-dedicated infrastructure investment strategy<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250514769112\/en\/I-Squared-Capital-and-PIF-Sign-Memorandum-of-Understanding-to-Launch-Dedicated-Middle-East-Infrastructure-Fund\" style=\"\" rel=\"noopener\">press release<\/a>. The strategy aims at boosting regional infrastructure and attracting foreign investment to the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> I Squared signed another non-binding MoU with the Arab Energy Fund (TAEF) to develop an energy-focused strategy aimed at expanding energy infrastructure to support regional decarbonization efforts, according to a separate <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250514009293\/en\/I-Squared-Capital-and-The-Arab-Energy-Fund-Sign-Memorandum-of-Understanding-to-Invest-in-Sustainable-Energy-Infrastructure-Through-a-New-Middle-East-Infrastructure-Strategy\" style=\"\" rel=\"noopener\">statement<\/a>. The agreements come amid I Squared\u2019s plan to open a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/428aaf94-cf15-442c-8a86-2f464f632f46\/riyadh-air-on-track-to-receive-its-first-aircraft-in-3q#:~:text=ALSO%2D%20Investment%20activity%20saw%20Stanhope%20Capital%20partnering%20with%20GIB%20for%20Saudi\" style=\"\" rel=\"noopener\">Riyadh office<\/a> in 2025, as part of a broader regional expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/saudi-arabias-pif-strikes-multi-billion-investment-deals-with-us-asset-managers-2025-05-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong> <strong> also had the story.<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment\/\">Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/public-investment-fund-pif\/\">Public Investment Fund (PIF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97056\" 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=\"97056\">\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\">LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/king-salman-airport-taps-parsons-for-infrastructure-bechtel-for-terminal-delivery\/\">\r\n                            King Salman Airport taps Parsons for infrastructure, Bechtel for terminal delivery                        <\/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\/15\/king-salman-airport-taps-parsons-for-infrastructure-bechtel-for-terminal-delivery\/\" 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 investment ticket for the tender was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Details:<\/strong> Under the agreements, Parsons will develop critical airport infrastructure and comprehensive project management services. This includes airside facilities \u2014 such as runways, taxiways, aircraft parking areas, and the air traffic control tower \u2014 as well as ground infrastructure, including roads, tunnels, bridges, railway networks, and landscaping. The firm will be responsible for the initial planning, design, permitting, procurement, construction, and commissioning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Bechtel to deliver the new terminals: <\/strong>US-based engineering firm Bechtel agreed to manage delivery of three new terminals at Riyadh\u2019s King Salman International Airport (KSIA), according to a <a target=\"_blank\" href=\"https:\/\/www.bechtel.com\/press-releases\/bechtel-to-lead-expansion-of-saudi-arabias-king-salman-international-airport\/\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The firm will work with King Salman International Airport Development Company to oversee the delivery of a terminal for commercial carriers, Terminal 6 for low-cost carriers, and a new private aviation terminal with hangars. KSIA will be able to host six parallel runways \u2014 handling over 185 mn passengers and 3.5 mn tonnes of cargo annually by 2050.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Riyadh\u2019s King Salman International Airport \u2014 an expansion of the capital\u2019s King Khalid International Airport \u2014 is poised to be  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/30f61a1f-ffb3-458b-8bd2-f384718e444a\/it%25e2%2580%2599s-day-two-of-the-efg-hermes-one-on-one-in-dubai\" style=\"\" rel=\"noopener\">one of the world\u2019s largest<\/a>, set to accommodate up to 120 mn passengers by 2030 and 185 mn by 2050. Officials plan to open <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5376567f-abae-4535-8dd0-13d59a70f583\" style=\"\" rel=\"noopener\">the airport\u2019s private aviation terminal<\/a> in 2026, a passenger terminal in 2028, and its \u201ciconic terminal\u201d by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who else is involved?<\/strong> UK-based architecture firm Foster + Partners is designing the airport\u2019s master plan, while US-based Jacobs Engineering will offer its consulting services for the master plan and design of the new runways, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/us-based-bechtel-bags-deal-to-expand-riyadhs-new-airport-terminals-kkd40h2a\" style=\"\" rel=\"noopener\">Zawya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO SIGNED AT THE FORUM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TGA calls on Amazon:<\/strong> The Transport General Authority (TGA) inked a MoU with Amazon to bolster the Kingdom\u2019s parcel delivery sector and e-commerce operations, according to a statement on <a target=\"_blank\" href=\"https:\/\/x.com\/Saudi_TGA\/status\/1922600532402712828\" style=\"\" rel=\"noopener\">X<\/a>. The agreement\u2019s scope includes streamlining work models and customer experience, developing a support system for delivery partners, as well as boosting service coverage and efficiency.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/king-salman-airport\/\">King Salman Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97058\" 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=\"97058\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/\">\r\n                            Al Kuzama Trading eyes a SAR 45.2 mn IPO on Tadawul\u2019s parallel market Nomu                        <\/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\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/\" 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\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/')\">\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\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Al Kuzama Trading eyes a SAR 45.2 mn IPO on Nomu&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/\">\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\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/&title=Al Kuzama Trading eyes a SAR 45.2 mn IPO on Nomu\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Al+Kuzama+Trading+eyes+a+SAR+45.2+mn+IPO+on+Nomu+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F15%2Fal-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu%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\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1263.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97059\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/al-kuzama-trading-eyes-a-sar-45-2-mn-ipo-on-nomu\/1263-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1263.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1263.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1263.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1263.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97058\" class=\"content-area-description single-story post-97058 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch 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\/.33a4f602-d1f5-416a-9b3f-5fcc44af32e3.mp3\"><\/audio><\/figure><p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">Al Kuzama Trading<\/span><span style=\"font-weight: 600;\">&nbsp;is guiding on an indicative price range of SAR 99-107&nbsp;<\/span><span style=\"font-weight: 600;\">apiece for its<\/span>&nbsp;<span style=\"font-weight: 600;\"><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c45c4dde-e3fc-4104-bd1c-80040109c32a\/al-kuzama-to-kick-off-nomu-ipo-next-month\" rel=\"noopener\">Nomu primary offering<\/a><\/span><span style=\"font-weight: 600;\">&nbsp;of a 10.7%&nbsp;<\/span><span style=\"font-weight: 600;\">stake<\/span>, according to&nbsp;<a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87304&amp;anCat=1&amp;cs=1024&amp;locale=en\" rel=\"noopener\">a disclosure to Tadawul<\/a>.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">Proceeds + market cap:&nbsp;<\/span>At the top of the range, the restaurant operator could rake in SAR 45.2 mn and reach a market cap of SAR 422 mn. Al Kuzama will use the fresh funds to ramp up its working capital and expand across the Kingdom over the next three years. Around SAR 3 mn will be set aside to cover IPO-related expenses.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">Happening next week:<\/span>&nbsp;The subscription period is set to run between 18-22 May, where qualified investors will be able to subscribe to a maximum of 197.1k shares each, with a minimum subscription of 10 shares. The final allocation is slated for Tuesday, 27 May.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">The firm\u2019s three majority shareholders will retain a majority 54.1% stake, down from&nbsp;<\/span><span style=\"font-weight: 600;\">60.6%<\/span>; their shares will be on lockup for 12 months from the first day of trading.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">ADVISORS-&nbsp;<\/span>Yaqeen Capital is quarterbacking the transaction as lead manager and financial advisors, with RSM as serving as accountant.&nbsp;<span style=\"font-weight: 600;\">Receiving&nbsp;<\/span><span style=\"font-weight: 600;\">agents&nbsp;<\/span>include Derayah Financial, Al Rajhi Capital, and SNB Capital, among others.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">OTHER NOMU IPOs TO WATCH FOR IN 2025:<\/span><\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2cc79728-2425-41c1-aeef-98cdbe803861\/axelerated-solutions-priced-its-nomu-ipo-at-sar-27-apiece\" rel=\"noopener\">Axelerated Solutions<\/a>&nbsp;priced its IPO at SAR 27 apiece;<\/li>\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\" rel=\"noopener\">Asas Makeen<\/a>&nbsp;priced its 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\" rel=\"noopener\">Hawiya Auctions<\/a>&nbsp;priced its IPO at SAR 13 apiece;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e9d89d1a-ca28-48be-99dd-c471238a02ef\/dkhoun%25e2%2580%2599s-nomu-ipo-sees-strong-investors-demand\" rel=\"noopener\">Dkhoun National Trading<\/a>&nbsp;\u2019s IPO was 119.2% oversubscribed;<\/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\" rel=\"noopener\">Al Khaldi Logistics<\/a>, Multi-sector operator&nbsp;<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\" rel=\"noopener\">Anmat<\/a>, and school operator&nbsp;<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\" rel=\"noopener\">Dome International<\/a>&nbsp;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\" rel=\"noopener\">Qudra for Communications and IT<\/a>, the&nbsp;<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\" rel=\"noopener\">National Signage Industrial Company<\/a>,&nbsp;<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\" rel=\"noopener\">Naf for Feed Industry<\/a>, medical equipment supplier&nbsp;<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\" rel=\"noopener\">Wajd<\/a>, and property developer&nbsp;<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\" rel=\"noopener\">Hammad Mohammed Bin Saedan Real Estate<\/a>&nbsp;were given the CMA\u2019s all-clear to list on the parallel market.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 600; background-color: transparent;\">CORRECTION<\/span><b>-<\/b> In a previous version of the story, we mistakenly wrote that the company\u2019s market cap will reach SAR 4.2 bn at the top end of the range. The story was amended on 27 May, 2025.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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=\"97060\" 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=\"97060\">\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\/15\/al-khaldi-prices-nomu-ipo-at-sar-44-47-apiece-adeer-offering-nearly-7x-oversubscribed\/\">\r\n                            Al Khaldi prices Nomu IPO at SAR 44-47 apiece + Adeer offering nearly 7x oversubscribed                        <\/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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-->\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\/15\/al-khaldi-prices-nomu-ipo-at-sar-44-47-apiece-adeer-offering-nearly-7x-oversubscribed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/840.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97061\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/al-khaldi-prices-nomu-ipo-at-sar-44-47-apiece-adeer-offering-nearly-7x-oversubscribed\/840-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/840.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"840.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/840.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/840.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97060\" class=\"content-area-description single-story post-97060 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-al-khaldi tag-enterpriseam-ksa tag-ipo tag-ipo-watch tag-logistics 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\/.e104ebab-436b-48ee-98d5-043aa8fbda92.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Al Khaldi L<\/strong><strong>ogistics <\/strong><strong>is guiding on an indicative price range of SAR 44-47 <\/strong><strong>apiece for its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/022d064a-dbcb-4cf2-8c9b-48cef58d06ff\/%253cmark%253eal-khaldi%253c%2Fmark%253e-gears-up-to-float-a-7%2525-stake-on-nomu\" style=\"\" rel=\"noopener\">Nomu IPO<\/a><\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87361&amp;anCat=1&amp;cs=1024&amp;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=87361&amp;anCat=1&amp;cs=1024&amp;locale=en\" style=\"\" rel=\"noopener\">Tadawul<\/a>. Al Khaldi is taking a 7% stake to market in a secondary share sale where selling shareholders will rake in net proceeds. Some 1.1 mn shares will be up for grabs in an offering limited to qualified investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proceeds + market cap: <\/strong>At the top of the range, the selling shareholders could rake in up to SAR 49.4 mn in proceeds, and it would give the company a market cap of SAR 705 mn at listing. The selling shareholders will take home the net proceeds from the sale after deducting SAR 1.26 mn to cover IPO-related expenses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The subscription period will run from Tuesday, 27 May, to Sunday, 1 June, during which qualified investors can book up to 750k shares and no less than 10 shares each. The final allocation of shares is slated for Tuesday, 3 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager. Baker Tilly is serving as accountant. <strong>Receiving agents <\/strong>include Alisthmar Capital, Alinma Capital, SNB Capital, Al Jazira Capital, Riyad Capital, ANB Capital, and Albilad Capital, among others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Al Khaldi: <\/strong>Established in 1972, the bonded transporter has a fleet of over 1.5k trucks and 3k trailers, providing nationwide and GCC-wide coverage, according to <a target=\"_blank\" href=\"https:\/\/www.al-khaldi.com.sa\/en\/companies\" style=\"\" rel=\"noopener\">its website<\/a>.<\/p>\n<p class=\"tag-border-left\">IN OTHER IPO NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adeer Real Esta<\/strong><strong>te\u2019s Nomu <\/strong><strong>listing drew strong demand, with the IPO nearly 7x <\/strong><strong>oversubscribed by qualified investors<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a45bd5ec-f28b-4754-bde4-d4990a78e8fe\/%253cmark%253eadeer%253c%2Fmark%253e-real-estate-prices-nomu-ipo-at-sar-85-a-piece\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The company priced its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a45bd5ec-f28b-4754-bde4-d4990a78e8fe\/%253cmark%253eadeer%253c%2Fmark%253e-real-estate-prices-nomu-ipo-at-sar-85-a-piece\" style=\"\" rel=\"noopener\">20% stake<\/a> at SAR 85 per share, raising SAR 85 mn in proceeds. The secondary share sale gives Adeer a market cap of SAR 425 mn at listing. Selling shareholders will not be able to execute orders on their shares for a 12-month period starting from the first day of trading.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS<\/strong>- Musharaka Financial Company is quarterbacking the transaction as lead financial advisor and bookrunner, while Alsaleh, Alsahli &amp; Partners Law Firm is providing counsel. <strong>Receiving agents <\/strong>include AlRajhi Capital, Derayah Financial, Alistithmar Capital, Albilad Capital, BSF Capital, Riyad Capital, SAB Invest, ANB Capital, Alinma Capital, AlJazira Capital, Yaqeen Capital, AlKhabeer Capital, Sahm Capital, GIB Capital, and SNB Capital.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-khaldi\/\">Al Khaldi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/logistics\/\">logistics<\/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=\"97062\" 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=\"97062\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/sec-bindawood-bawan-and-more-report-1q-earnings\/\">\r\n                            SEC, BinDawood, Bawan and more report 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 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           <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/sec-bindawood-bawan-and-more-report-1q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97063\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/sec-bindawood-bawan-and-more-report-1q-earnings\/30-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"30.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97062\" class=\"content-area-description single-story post-97062 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-bawan-company tag-derayah-financial tag-earnings-watch tag-enterpriseam-ksa tag-saudi-electricity-company-sec 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\/.8b7a687e-73b6-494f-ae72-79d85888b765.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\">SAUDI ELECTRICITY COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Electr<\/strong><strong>icity Company posted a 7.9% y-o-y increase in net income to SAR 968<\/strong><strong> mn in <\/strong><strong>1Q 2025<\/strong>, supported by higher electricity production revenue and continued growth in demand, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87353&anCat=1&cs=5110&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>Revenue rose 22.9% y-o-y to SAR 19.5 bn during the quarter, mainly driven by an increase in the grid\u2019s regulated asset base and higher income from project development and management services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The company\u2019s board <\/strong><strong>approved a<\/strong><strong> dividen<\/strong><strong>d distribution of SAR 2.92 bn<\/strong> <strong>for FY 2024 at SAR 0.7 per share<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87354&anCat=1&cs=5110&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The distribution date is set for 29 May.<\/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\">BINDAWOOD HOLDING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BinDawood Hold<\/strong><strong>ing saw its net income rise 8.5% y-o-y to SAR 65.7 mn in 1Q 2025<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87331&anCat=1&cs=4161&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The bottom line gain was partially offset by higher operating expenses, lower deposit income, and rising finance costs as BinDawood took on debt to finance its acquisition of Zahrat Al Rawdah Pharmacies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, BinDawood\u2019s revenue for the quarter rose 13.7% y-o-y to SAR 1.7 bn<\/strong>, buoyed by its retail grocery vertical, tech business, distribution business, and its pharmacy business, including the recently acquired Zahrat Al Rawdah. BinDawood\u2019s retail grocery vertical saw sales growing on the back of \u201cstrong seasonal campaigns\u201d as well as the opening of three new retail stores during the quarter and other stores that were opened in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BAWAN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bawan record<\/strong><strong>ed a 25.2% y-o-y increase in net income to SAR 36.5 mn in<\/strong><strong>1Q 2025<\/strong>, supported by the contribution of newly acquired oil and gas industries, as well as strong performances across the electrical, plastic, and metal and wood segments, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87338&anCat=1&cs=1302&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue also rose 3% y-o-y to SAR 910.2 mn on the back of new acquisitions and higher sales in the plastics segment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALKHORAYEF WATER AND POWER TECHNOLOGIES COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alkhoray<\/strong><strong>ef Water and Technologies Company saw its net income rise 35%<\/strong><strong> y-o-y to SAR <\/strong><strong>58.2 mn in 1Q 2025<\/strong>, driven by strong top line growth and higher gross margin, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87352&anCat=1&cs=2081&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue grew 38.9% y-o-y to SAR 636.4 mn during the quarter, driven by strong performances in the wastewater and integrated water solutions 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\">JAHEZ INTERNATIONAL COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jahez International Company for Information System Technology posted a 184.7% y-o-y <\/strong><strong>increase in net income to SAR 33.3 mn in 1Q 2025<\/strong>, buoyed by higher earnings in the Kuwaiti and Bahraini markets, gains across Saudi platforms, and improved logistics efficiencies, according to an <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/Resources\/fsPdf\/19333_6727_2025-05-11_02-43-27_en.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Net revenue rose 9.4% y-o-y to SAR 526 mn during the same period, driven by higher total orders, average order value, and advertising income.<\/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\">SAMCO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sau<\/strong><strong>di Marketing Company (Samco) saw its net income scale back 16.5% y-o-y to <\/strong><strong>SAR 5.7 mn in 1Q 2025<\/strong>, pushed down by an increase in non-operating expenses, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87328&anCat=1&cs=4006&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue saw a 1.5% y-o-y decline to SAR 469.7 mn during the same period due to lower revenues from Farm Superstores branches.<\/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\">SAL SAUDI LOGISTICS SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sal Saudi Logistics Services saw its net income slide 26.6% y-o-y to SAR 153.1 mn in 1Q <\/strong><strong>2025<\/strong> due to an increased provision for expected credit losses for the logistics division and lower cargo revenues, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87329&anCat=1&cs=4263&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue dipped 15.1% y-o-y to SAR 384.1 mn during the quarter, thanks to changes in product mix and volume normalization in the handling division, as well as timing differences in project activity in the logistics division. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>Sal Saudi Logistics Services\u2019 board recommended a SAR 114.4 mn dividend payout for 1Q 2025 at SAR 1.43 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87330&anCat=1&cs=4263&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date is yet to be announced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BALADY POULTRY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/balady-sa.com\/?lang=en\" style=\"\" rel=\"noopener\">Balady Poultry<\/a><\/strong><strong> reported an 83.6% y-o-y drop in net income to SAR 6.7 mn in 1Q 2025<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87109&anCat=1&cs=9559&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue fell 12.6% y-o-y to SAR 204.1 mn over the same period. The fall was primarily due to a drop in selling prices and production volumes, as well as an increase in raw material costs and general, admin., sales, and marketing expenses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RIYADH CEMENT COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/riyadhcement.com.sa\/\" style=\"\" rel=\"noopener\">Riyadh Cement Company<\/a><\/strong><strong> logged 7.9% y-o-y growth in net income to SAR 75.7 mn in 1Q <\/strong><strong>2025<\/strong>, pushed up by rising sales value despite higher fuel prices, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87273&anCat=1&cs=3092&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenues climbed 19.2% y-o-y to SAR 225.2 mn, aided by higher sales volume and average selling prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DERAYAH FINANCIAL COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Derayah<\/strong><strong> Financial Company reported a 21.9% y-o-y decline in net income to SAR<\/strong><strong> 106.2 <\/strong><strong>mn in 1Q 2025<\/strong>, weighed down by declining operating income, in addition to rising operating expenses, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87300&anCat=1&cs=4084&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, unrealized losses on investments and lower performance fees in asset management pulled revenue down by 5.6% y-o-y to SAR 209.4 mn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bawan-company\/\">Bawan Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/derayah-financial\/\">Derayah Financial<\/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\/saudi-electricity-company-sec\/\">Saudi Electricity Company (SEC)<\/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=\"97064\" 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=\"97064\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/ades-inks-sar-816-mn-rig-extension-gas-arabian-services-awarded-sar-830-mn-in-contracts\/\">\r\n                            Ades inks SAR 816 mn rig extension + GAS Arabian Services awarded SAR 830 mn in contracts                        <\/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\/15\/ades-inks-sar-816-mn-rig-extension-gas-arabian-services-awarded-sar-830-mn-in-contracts\/\" 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 new contract introduced a better daily rate and includes an option for three additional one-year extensions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Ades secured an extension <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/aacfd481-29cc-4a92-9061-0ccc28be106b\/%253cmark%253eades-holding%253c%2Fmark%253e-bags-an-extension-for-its-egypt-rig-business#:~:text=Ades%20Holding%20s,USD%20179.6%20mn).\" style=\"\" rel=\"noopener\">in April<\/a> for three of its offshore jackup rigs operating in Egypt \u2014 contracted from the General Petroleum Company (GPC). The total backlog value for the resumption is estimated at nearly SAR 673.5 mn (USD 179.6 mn).<\/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>SPPC to ad<\/strong><strong>d two gas delivery systems worth over SAR 830 mn: <\/strong>GAS Arabian Services Company secured contracts from the Saudi Power Procurement Company (SPPC) to install two separate sales gas delivery systems, according to separate disclosures to Tadawul. A SAR 326.3 mn plant will be installed at the <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87351&anCat=1&cs=9528&locale=en\" style=\"\" rel=\"noopener\">Rumah Independent Power Plant<\/a> (IPP) and a SAR 504.3 mn one will be established at the <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87350&anCat=1&cs=9528&locale=en\" style=\"\" rel=\"noopener\">Nairiyah IPP<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Nomu-listed GAS withdrew its request to transition to Tadawul\u2019s main market <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4ed30b92-2309-417b-b6fa-4b21d620d1bf\/aramco-ceo-sees-healthy-oil-market-demand-in-2025#:~:text=GAS%20pulls%20the%20brakes%20on%20main%20market%20transition%3A%20Nomu%2Dlisted%20Gas%20Arabian%20Services%20(GAS)%20has%20withdrawn%20its%20request%20to%20transition%20to%20Tadawul%E2%80%99s%20main%20market%2C%20citing%20the%20need%20to%20square%20away%20additional%20liquidity%20and%20regulatory%20requirements%2C%20it%20said%20in%20a%20filing%20to%20the%20exchange.\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4ed30b92-2309-417b-b6fa-4b21d620d1bf\/aramco-ceo-sees-healthy-oil-market-demand-in-2025#:~:text=GAS%20pulls%20the%20brakes%20on%20main%20market%20transition%3A%20Nomu%2Dlisted%20Gas%20Arabian%20Services%20(GAS)%20has%20withdrawn%20its%20request%20to%20transition%20to%20Tadawul%E2%80%99s%20main%20market%2C%20citing%20the%20need%20to%20square%20away%20additional%20liquidity%20and%20regulatory%20requirements%2C%20it%20said%20in%20a%20filing%20to%20the%20exchange.\" style=\"\" rel=\"noopener\">January<\/a>, citing the need to square away additional liquidity and regulatory requirements. The Dammam-based company had submitted its request to move up Tadawul\u2019s big league back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ab9b6303-65a6-4cfe-99fa-d2df8b0a84bd\/gas-inches-closer-to-the-main-market.-plus:-tech,-manufacturing,-logistics#:~:text=GAS%20could%20soon%20graduate%20to%20Tadawul%E2%80%99s%20main%20market%3A\" style=\"\" rel=\"noopener\">September 2024<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh Air ha<\/strong><strong>s tapped US-based travel technology company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sabre.com\/\" style=\"\" rel=\"noopener\">Sabre<\/a><\/strong><strong> as its first <\/strong><strong>global distribution partner<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.sabre.com\/insights\/releases\/riyadh-air-selects-sabre-as-its-first-global-distribution-partner-to-advance-retailing-and-distribution-strategy\/\" style=\"\" rel=\"noopener\">statement<\/a> from Sabre last Tuesday. The partnership will enable Riyadh Air to provide personalized travel offers to travel agents, corporate buyers, and customers through Sabre\u2019s New Distribution Capabilities (NDC) and traditional content.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast friends:<\/strong> Riyadh Air had also hired Sabre <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/932a1705-0c29-4ea8-9418-65db003da3a9\/some-action-at-the-global-smart-cities-forum.-plus:-debt,-aviation,-infrastructure\" style=\"\" rel=\"noopener\">in February 2024<\/a> to provide its end-to-end solutions to the airliner\u2019s network planning, commercial and analytics operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our newest air carrier has also partnered with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tpconnects.com\/\" style=\"\" rel=\"noopener\">TPConnects Technologies<\/a><\/strong> to make the airline\u2019s NDC content and servicing functions available on TPConnects\u2019 Iris aggregator platform, according to a <a target=\"_blank\" href=\"https:\/\/tpconnects.com\/riyadhair-ndc-iris-aggregator-pr\" style=\"\" rel=\"noopener\">statement<\/a> from TPConnects last Tuesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Riyadh Air is set to <a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/en\/media-center\/articles\/?article=1698753546\" style=\"\" rel=\"noopener\">kick off its operations<\/a> next year and has a target of operating flights between 100 destinations by 2030.<\/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\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amak secur<\/strong><strong>es three exploration licenses: <\/strong><a target=\"_blank\" href=\"https:\/\/amak.com.sa\/\" style=\"\" rel=\"noopener\">Al Masane Al Kobra Mining Company<\/a> (Amak) received three exploration licenses \u2014 following a successful bidding process in January \u2014 granting it base and precious metals exploration rights in Jabal Ad Dimah, Jabal Al Klah North, and Jabal Al Klah South until 2030, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87337&anCat=1&cs=1322&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Amak\u2019s licensed area will encompass over 300 sq km across the Makkah and Riyadh regions, containing potential silver, zinc, gold, lead, and silver ore reserves. The Riyadh region is close to Amak\u2019s existing Radeniah East exploration concession.<\/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\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/shalfa.sa\/Default\" style=\"\" rel=\"noopener\">Shalfa Facilities Management<\/a><\/strong><strong> secured the renewal of a SAR 250 mn Sharia-compliant <\/strong><strong>credit facility from Aljazira Bank<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87376&anCat=1&cs=9613&locale=en\" style=\"\" rel=\"noopener\">filing<\/a> to the exchange. The facility \u2014 valid until April 2026 \u2014 will be used to finance the company\u2019s ongoing and upcoming projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Nomu-listed facility service provider lined up one-year SAR 75 mn credit facilities from the Saudi Investment Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a76d0e9f-5ce8-4ba4-a6a0-13ab568c7e1f\/saudi-kayan-secures-murabaha-facilities-to-refinance-sar-8.1-bn-in-outstanding-debt#:~:text=Nomu%2Dlisted%20Shalfa%20Facilities%20Management%20lined%20up%20one%2Dyear%20SAR%2075%20mn%20credit%20facilities%20from%20the%20Saudi%20Investment%20Bank\" style=\"\" rel=\"noopener\">in March<\/a>, to back project guarantees, site preparation, and working capital needs.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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\/siemens-energy\/\">Siemens Energy<\/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=\"97066\" 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=\"97066\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/wall-streets-rebound-cools-as-investors-await-new-data\/\">\r\n                            Wall Street\u2019s rebound cools as investors await new 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 href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/15\/wall-streets-rebound-cools-as-investors-await-new-data\/\" 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 Nasdaq was up 0.6%, while the Dow Jones slipped 0.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>USD finds footing after recent slide \u2014 and yields edge higher:<\/strong> The greenback strengthened against a basket of major currencies and US Treasury yields ticked higher as investors await retail and producer price data.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gold tumbles as safe-haven demand fades:<\/strong> Gold prices <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/easing-us-china-trade-tensions-send-gold-lower-safe-haven-demand-weakens-2025-05-14\/\" style=\"\" rel=\"noopener\">fell to a one-month low<\/a> as easing trade tensions weighed on demand for the yellow metal. Spot gold dropped 2% to USD 3,182 an ounce, while US gold futures fell 1.8% to USD 3,188.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cautious optimism sets in \u2014 but doubts remain:<\/strong> \u201cIt\u2019s all about the change in risk appetite,\u201d Danske Bank\u2019s Lars Skovgaard told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/global-markets-wrapup-1-2025-05-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cI have a hard time seeing that we\u2019ll go back to this extreme political noise.\u201d However, Gavekal Research\u2019s Wei He argued that \u201cthere\u2019s still plenty of uncertainty about the outlook,\u201d pointing to the fact that US tariffs on Chinese goods remain significantly higher than pre-2025 levels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All eyes on the Fed and April\u2019s data:<\/strong> With inflation easing but trade policies still in flux, the Fed has signaled it will wait and assess the full impact before moving on rates. Vice Chair Philip Jefferson <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/feds-jefferson-expect-economy-slow-future-inflation-uncertain-due-tariffs-2025-05-14\/\" style=\"\" rel=\"noopener\">said<\/a> yesterday that the CPI data showed progress toward the Fed\u2019s 2% target, but noted the risk that new import levies could drive prices higher. Fed Chair Jerome Powell is expected to speak today, markets will also be on the lookout for April\u2019s producer price index and retail sales data, both of which are due later today.<\/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 in the red in early trading this morning. <\/strong>Japan\u2019s Nikkei is down 1.2%, the Shanghai Composite is looking at losses of 0.4%, the Hang Seng and Korea\u2019s Kospi are both down 0.2%. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\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>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\">0.0% (YTD: -4.2%)<\/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>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,467<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NomuC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27,887<\/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\">-0.2% (YTD: -11.4%)<\/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\">31,828<\/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: +7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,621<\/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: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,360<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +3.9%)<\/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>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\">5,893<\/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: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,585<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: 5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,403<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: 10.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 65.78<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.46<\/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\">-5.2%<\/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>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 3,184.1  <\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 103,349<\/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: 10.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">912.62<\/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\">-0.01% (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<\/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\">-0.03% (YTD: +2.2%)<\/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>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\">18.62<\/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\">+2.2% (YTD: 7.3%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>was unchanged <strong>yesterday <\/strong>on turnover of SAR 6 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> Cenomi Retail (+9%), Riyadh Cables (+6.2%) and Mepco (+5.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>STC (-5.4%), Taiba (-5.4%) and Saudi Electricity (-4.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 0.2% <strong>yesterday <\/strong>on turnover of SAR 43.9 mn. The index is down 11.4% 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> Tadweeer (+10.4%), Taqat (+8.9%) and Apico (+7.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Meyar (-9.8%), United Mining (-6.4%) and Future Care (-4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aufgc.com\/\" style=\"\" rel=\"noopener\">Arabi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aufgc.com\/\" style=\"\" rel=\"noopener\">an United Float Glass Company<\/a><\/strong><strong>\u2019s top brass<\/strong><strong> authorized a <\/strong><strong>divide<\/strong><strong>nd payout of <\/strong><strong>SAR 17 mn for FY 2024 at SAR 1 per share<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87339&anCat=1&cs=9611&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The distribution date is yet to be announced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/mobiindustry.sa\/\" style=\"\" rel=\"noopener\">MOBI Ind<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/mobiindustry.sa\/\" style=\"\" rel=\"noopener\">ustry<\/a><\/strong> <strong> will distribute SAR 7.5 mn in <\/strong><strong>divid<\/strong><strong>ends for 1Q 2025 at SAR 0.15 per share <\/strong><strong>on 29 May<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87345&anCat=1&cs=9517&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The BoD of Saudi Printing and Packaging Company (SPPC) recommended the reduction <\/strong><strong>of the company\u2019s capital to absorb accumulated losses to below 50%<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87373&anCat=1&cs=4270&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The recommendation follows a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/103c1864-6685-47cf-8be1-a7b0ede493b9\/chinese-sovereign-bond-yields-drop-to-their-lowest-since-2009#:~:text=SPPC%20looks%20to%20convert%20SAR%2073.7%20mn%20of%20debt%20to%20capital\" style=\"\" rel=\"noopener\">previous request<\/a> last December by the company to the Capital Market Authority to convert SAR 73.7 mn in debts owed to Alinma Bank into capital \u2014 which is still under review by the CMA.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97068\" 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\/15\/97068\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97068\" class=\"content-area-description single-story post-97068 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>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>12-15 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 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>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\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>King Salman Airport taps US companies. SEC | BinDawood report 1Q earnings | IPO updates<\/p>\n","protected":false},"featured_media":97045,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-97044","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8065b385-f70f-489f-86f3-ad17405da0fc","teaser":"King Salman Airport taps US companies. 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