{"id":97237,"date":"2025-05-21T00:00:00","date_gmt":"2025-05-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=97237"},"modified":"2025-12-14T21:05:50","modified_gmt":"2025-12-14T21:05:50","slug":"isdb-group-commits-bns-in-development-financing-for-algeria-senegal","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/isdb-group-commits-bns-in-development-financing-for-algeria-senegal\/","title":{"rendered":"IsDB Group commits bns in development financing for Algeria, Senegal"},"content":{"rendered":"<section id=\"97239\" 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=\"97239\">\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\/21\/pif-rumored-to-be-planning-project-paradise-budget-no-longer-driven-by-oil-economy-minister-says\/\">\r\n                            THIS MORNING: PIF rumored to be planning \u201cProject Paradise\u201d + Budget no longer driven by oil, Economy Minister says                        <\/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\/21\/pif-rumored-to-be-planning-project-paradise-budget-no-longer-driven-by-oil-economy-minister-says\/\" 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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Business is back to taking a breather in this morning\u2019s issue after last week\u2019s flurry of activity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s (light) issue: <\/strong>The IsDB Group has committed bns in development financing for Algeria and Senegal, while Naif Alrajhi and Morocco\u2019s biggest developer TGCC are set to collaborate on construction projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Lunate and Brookfield have launched a USD 1 bn JV to invest in Saudi and UAE real estate. Meanwhile, the Kingdom\u2019s capital markets are seeing significant growth, with assets under management surpassing SAR 1 tn for the first time.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Alinma Bank st<\/strong><strong>arted receiving subscriptions for its USD-denominated sustainable <\/strong><strong>additional<\/strong><strong> tier 1 (AT1) securities yesterday<\/strong>, running through 23 May, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87514&anCat=1&cs=1150&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The offering comes under the lender\u2019s USD 1 bn AT1 capital issuance program and features a minimum subscription rate of USD 200k, with the perpetual certificates callable after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/b28bda22-c881-45a8-a90e-b45f774d07a4\/stonepeak,-arab-energy-fund-to-invest-in-energy-infrastructure-under-usd-1-bn-partnership\" style=\"\" rel=\"noopener\">5.5 years<\/a>. Certificates will be listed on the London Stock Exchange\u2019s International Securities Market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Alinma enlisted Alinma Capital, Abu Dhabi Islamic Bank, Emirates NBD, Goldman Sachs, JP Morgan, and Standard Chartered as joint lead managers.<\/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>Qualified in<\/strong><strong>vestors can subscribe to Anmat\u2019s <\/strong><strong>Nomu IPO<\/strong><strong> starting today<\/strong>, with as little as 100 shares and a maximum of 2 mn shares each, according to the offering\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e08ba8eb-1421-4df5-b0a3-9d14876af05c\/anmat-is-taking-11.6%2525-stake-to-nomu\" style=\"\" rel=\"noopener\">prospectus<\/a>. The company is floating some 5 mn new shares, representing 11.63% of its post-IPO capital, with the subscription window wrapping up on Tuesday, 27 May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The subscription period for Al Kuzama\u2019s 422.4k shares <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c45c4dde-e3fc-4104-bd1c-80040109c32a\/al%253cmark%253e-kuzama%253c%2Fmark%253e-to-kick-off-nomu-ipo-next-month\" style=\"\" rel=\"noopener\">Nomu IPO<\/a><\/strong><strong> wraps up <\/strong><strong>today<\/strong>. Qualified investors can subscribe to a minimum of 10 shares and a maximum of 197.1k shares each.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Winds wi<\/strong><strong>ll keep on blowing through most of the Kingdom<\/strong>, kicking up dust and limiting visibility in parts of the Eastern Province, Riyadh, Qassim, Madinah, Makkah, Al-Baha, Asir, Jazan, and Najran. <strong>Riyadh <\/strong>is expected to see a high of 43\u00b0C and a low of 28\u00b0C today, while <strong>Jeddah\u2019s <\/strong>mercury will go as high as 35\u00b0C and as low as 28\u00b0C. <strong>Makkah <\/strong>will see a 43\u00b0C high and 32\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\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Saudi Fashion Awards<\/strong><strong> will be held tomorrow in Riyadh<\/strong>, the Fashion Commission said in a post on <a target=\"_blank\" href=\"https:\/\/x.com\/FashionMOC\/status\/1923035594923376943\" style=\"\" rel=\"noopener\">X<\/a>. The event will feature expanded categories and a judging panel of international industry figures, recognizing stylists, designers, models, and photographers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Statistics grad<\/strong><strong>uates ha<\/strong><strong>ve until tomorrow to apply for the General Authority for Statistics\u2019 <\/strong><strong>(Gastat) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9bca803f-9c4e-4704-8641-b246a3b933a5\/ardco-exits-tanal-jv,-transfers-69.4%2525-stake-to-sumou-holding#:~:text=Saudi%20Statistician%20program%20re%2Dlaunched%20for%20second%20edition\" style=\"\" rel=\"noopener\">Saudi Statisticians program<\/a><\/strong><strong>.<\/strong> The program includes a 12-month training period, followed by fully funded postgraduate studies in statistics or data science at leading international universities, with comprehensive financial support, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2321518\" style=\"\" rel=\"noopener\">SPA<\/a> reports. Interested applicants can apply and find more details <a target=\"_blank\" href=\"https:\/\/careers.stats.gov.sa\/ar\/saudi-arabia\/jobs\/%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D8%A5%D8%AD%D8%B5%D8%A7%D8%A6%D9%8A%D9%8A%D9%86-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D9%8A%D9%86-1100066177\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p class=\"tag-border-left\">FROM THE RUMOR MILL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> <\/strong><strong>The Public<\/strong><strong> Investment Fund (PIF) is planning for a USD 100 bn <\/strong><strong>mixed-use \u201cProject <\/strong><strong>Paradise\u201d in Riyadh\u2019s southwest<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/giga-projects\/2025\/05\/pif-plans-100bn-project-paradise\/\" style=\"\" rel=\"noopener\">Arabian Gulf Business Insight<\/a> reports, citing sources it says are in the know. The fund is reportedly pulling back spending on some flagship projects and shifting toward others designed for faster commercial returns, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project is still in the early stages with no finalized design<\/strong>, but concepts include a golf course, residential, entertainment, and commercial zones, and a potential artificial lake in Wadi Laban reservoir. Nothing official from the PIF was out regarding the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Not the only Riyadh-based mixed-use development in the pipeline:<\/strong> The PIF\u2019s subsidiary Tower District Real Estate Development Company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/de5d3d8f-cf1a-4de4-8ce5-b4f37f853eec\/%253cmark%253epif%253c%2Fmark%253e-is-seeking-consultancy-for-a-new-business-district-in-riyadh\" style=\"\" rel=\"noopener\">received bids<\/a> from multiple consultancy firms for a new business district on the outskirts of Riyadh, including the world\u2019s next tallest tower.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>Egypt\u2019s Mor<\/strong><strong>pho Investments backs Agriventures<\/strong><strong>: <\/strong>Egypt-based private equity firm Morpho Investments invested in Agriventures, a berry-focused precision agriculture company, to support its expansion into Saudi Arabia and Oman, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1659.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. The funding is intended to help Agriventures secure exclusive rights to grow, sell, and market berries in both countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is still in discussions regarding the exact locations<\/strong>, with three sites under consideration in Saudi Arabia and two in Oman, Morpho\u2019s co-Managing Partner Ihab Rizk told EnterpriseAM. The company\u2019s products are expected to be available for both local markets and export, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-20\/saudi-arabia-berry-growing-among-investments-for-egypt-equity\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/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 firm will kick off the second close of Morpho Fund I in 4Q 2025, aiming to raise an additional USD 45 mn to hit the USD 100 mn mark, co-Managing Partner Ayman Soliman told us. The company also intends to broaden its limited partner base after 3Q 2025, with a focus on attracting investors from across the MENA region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Morpho Investments\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03acac18-f3a2-45dd-91d8-92bf53a5a895\/ayman-soliman,-ihab-rizk%25e2%2580%2599s%253cmark%253e-morpho%253c%2Fmark%253e-investments-reaches-usd-55-mn-first-close-of-its-inaugural-fund\" style=\"\" rel=\"noopener\">inaugural fund<\/a> reached a first close of USD 55 mn earlier this week. Soliman was the founding CEO of the Sovereign Fund of Egypt (SFE), prior to that he held roles at Gemini Holding and EFG Hermes, and Rizk was the investment director of education, agriculture, and food at the SFE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>Fragrance reta<\/strong><strong>iler Dkhoun National Trading's share price <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/hidden\/company-profile-nomu-parallel\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdtJcs9tKuiWGmoS2l1gLTHBdia3w37fUSbCvuQ08L7wziKECsZbf6oqrWra80fue4YNNMJirOcQxcR1Ig9Cj64hYfjpD-RDQwPQ1cL106dMpUAexv_KQJbYGycaKYAsU8G95eDMEvufZkIxcMAQjFZ_gQ4cQsaqR5eufZ6W6hQEGKH7i92tj6I5HKTre9lkvSqmRiy0bZfyCOrHbFVAnIp-QB1BINng!\/dz\/d5\/L0lHSkovd0RNQU5rQUVnQSEhLzROVkUvZW4!\/\" style=\"\" rel=\"noopener\">dropped 19.8%<\/a><\/strong><strong> on its Nomu<\/strong> <strong>debut yesterday <\/strong>to close at SAR 97.10 apiece. The company\u2019s IPO was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e9d89d1a-ca28-48be-99dd-c471238a02ef\/dkhoun%25e2%2580%2599s%253cmark%253e-nomu-ipo%253c%2Fmark%253e-sees-strong-investors-demand\" style=\"\" rel=\"noopener\">119.2% oversubscribed<\/a> after it took a 20% stake to market in a secondary share sale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Dkhoun tapped Saudi Kuwait Finance House to be the financial advisor and lead manager on the transaction. <strong>Receiving agents<\/strong> included SNB Capital, Al Rajhi Capital, Saudi Fransi Capital, Alinma Investment, Riyad Capital, AlJazira Capital, Albilad Investment, Alistithmar Capital, AlArabi Investment, Alawwal Investment, Derayah Financial, Yaqeen Capital, Alkhabeer Capital, Sahm Capital, and GIB Capital.<\/p>\n<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 target=\"_blank\" href=\"https:\/\/www.ivanhoemines.com\/\" style=\"\" rel=\"noopener\">Ivanhoe M<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ivanhoemines.com\/\" style=\"\" rel=\"noopener\">ines<\/a><\/strong><strong> is deploying its I-Pulse exp<\/strong><strong>loration tech in Saudi Arabia through its <\/strong><strong>partnership with Ma\u2019aden<\/strong>, Ivanhoe Mines head Robert Friedland told Bloomberg (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-05-20\/ivanhoe-mines-ceo-robert-friedland-on-copper-demand-video\" style=\"\" rel=\"noopener\">watch, runtime: 7:50<\/a>). This technology \u2014 which resembles CAT scans or MRIs for the Earth \u2014 non-invasively identifies mineral deposits, making exploration more efficient and less disruptive. Specific costs and discovery timelines were not disclosed<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Saudi? <\/strong>Friedland considers Saudi Arabia a strategic \u201ccenter of the world,\u201d ideal for broader exploration into Africa and Asia. Ivanhoe currently has an ongoing partnership with the Kingdom for the exploration of 15k sq kms for copper, gold, and other raw materials.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Ma\u2019aden-Ivanhoe Electric JV (Ma\u2019aden Ivanhoe Electric Exploration and Development) began exploring 48.5k sq km in Saudi Arabia in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d2fc47f8-ac30-4fb2-9b71-ace857e714a8\/it%25e2%2580%2599s-a-go-for-ma%25e2%2580%2599aden,%253cmark%253e-ivanhoe%253c%2Fmark%253e-mining-venture-in-the-kingdom\" style=\"\" rel=\"noopener\">December 2023<\/a>. The partnership grants Ma\u2019aden access to Ivanhoe\u2019s proprietary technology for locating metals like copper, nickel, gold, and silver, and follows Ma'aden's earlier USD 127.1 mn investment for a 9.9% stake and a board seat in Ivanhoe Electric.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a> <\/strong><strong>Flying taxi app<\/strong><strong> coming to the Kingdom:<\/strong> The Transport Ministry and local air transport firm <a target=\"_blank\" href=\"https:\/\/www.flynow-aviation.com\/\" style=\"\" rel=\"noopener\">FlyNow Arabia<\/a> are collaborating to launch the Kingdom\u2019s first flying taxi application for freight and passenger transportation, FlyNow CEO Yvonne Winter told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/05\/20\/article_2761445.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm aims to deploy a pilot version project<\/strong> at King Abdullah University of Science and Technology (KAUST) this year, Winter added, without specifying a date. The new application is set to transport goods for up to 1 mn miles in its initial phase, before moving on to transport passengers across the Kingdom\u2019s cities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Flying taxis?<\/strong> FlyNow has several selections, including cargo transport with 200 kg payload capacity, a flight range of 50 km with a 130 km\/h speed, and air taxis for two individuals.<\/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\">SETTING THE RECORD STRAIGHT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he State<\/strong><strong> Properties General Authority dismissed rumors circulating on <\/strong><strong>social media <\/strong><strong>about the distribution of residential lands in Riyadh<\/strong>, it said in a post on <a target=\"_blank\" href=\"https:\/\/x.com\/SpgaKsa\/status\/1924483437177778621\" style=\"\" rel=\"noopener\">X<\/a>, adding that significant announcements will only be made through official channels. The chatter implied that the government was selling residential land plots at discount prices while ignoring eligibility conditions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi to ramp<\/strong><strong> up c<\/strong><strong>rude burn this summer: <\/strong>Saudi Arabia is expected to burn more crude oil for energy this summer than the last on the back of increased fuel oil prices and eased Opec+ supply controls, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-poised-increase-summer-crude-burn-power-fuel-oil-becomes-costly-2025-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing Wood Mackenzie forecasts. The Kingdom could consume 465k - 470k bpd of crude this year for power generation, which is a 10k-15k increase from 2024, Wood Mackenzie estimates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Putting worries at bay: <\/strong>The hike could settle concerns over the global oversupply of crude and lower prices after the group decided to increase production in April, May, and June. The drop in prices and higher gains for refiners producing high-sulphur fuel oil from Dubai crude \u2014 at a record USD 4.45 per barrel \u2014 are likely to sway power generation demand from fuel oil to crude burn, Wood Mackenzie senior analyst Priti Mehta told Reuters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Opec+ agreed to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4df2ed4-1449-414b-b848-1c2042665207\" style=\"\" rel=\"noopener\">accelerate oil production increments<\/a> for the second month in a row, adding 411k barrels per day in June, after years of cutting production. That\u2019s three months' worth of supply increments that will be delivered all at once next month. The oil group could ramp up production rates to as much as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6e46f487-c475-46dd-b272-cc6116ef48d1\/saudi-us-forum-to-talk-energy,-ai-and-venture-capital-while-trump-is-in-town\" style=\"\" rel=\"noopener\">2.2 mn bbl \/ d<\/a> by November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt5\"><\/a> <\/strong><strong>NO WORRIES- Saudi Arabia\u2019s fully prepared<\/strong><strong>: <\/strong>The Kingdom has lined up multiple strategies including \u201clong-term fiscal planning and medium-term frameworks,\u201d to adapt to different scenarios for oil prices, Economy and Planning Minister Faisal Al Ibrahim said at the Qatar Economic Forum <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-05-20\/ksa-qatar-turkey-ministers-talk-growth-geoeconomics-video\" style=\"\" rel=\"noopener\">(watch, runtime: 27:49)<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cOur budgets are no longer driven by oil, they\u2019re driven by priority,\u201d<\/strong> Al Faisal added, noting that Opec+ discipline remains essential as the Kingdom and other GCC nations restructure their economies to attract steady investment and ensure stability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gigaprojects are also moving ahead<\/strong> as Saudi Arabia focuses on diversification and talent development, with Expo 2030 and the World Cup now top priorities, Faisal added when asked if the Kingdom has room to cut back on its pipeline of big project.<\/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>Consumer spending v<\/strong><strong>ia point-of-sale (PoS) transactions in the Kingdom was down 5.5% <\/strong><strong>w-o-w in the week ending Saturday, 17 May,<\/strong> reaching SAR 12.4 bn, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1679.pdf\" style=\"\" rel=\"noopener\">Saudi Central Bank\u2019s report (pdf)<\/a>. The number of weekly transactions also fell 1.6% w-o-w to SAR 217.6 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Food and beverages made up the biggest chunk of spending in terms of value over the week, but experienced a 4.7% fall w-o-w to SAR 1.8 bn. Restaurants and caf\u00e9s came in second place, but also fell by 7.2% w-o-w to SAR 1.8 bn. This was followed by gas stations spending, which fell by 1.7% w-o-w to just over SAR 929.7 mn, and healthcare, which fell 4.8% to SAR 790.2 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 SAR 4.5 bn<\/strong>, followed by Jeddah at SAR 1.7 bn.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In a rare public rebuke by Israel\u2019s allies<\/strong>, the British government announced it <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/05\/20\/israel-gaza-war-aid\/\" style=\"\" rel=\"noopener\">will not move<\/a><a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/05\/20\/israel-gaza-war-aid\/\" style=\"\" rel=\"noopener\">forward<\/a> with discussions on free trade with Tel Aviv. The statement cited \u201cegregious policies\u2019 by PM Netanyahu, including the weeks-long blockade of aid and escalation of military offensive in the Gaza Strip, as well as the situation in the West Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EU followed with an announcement that it intends to<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0dc7feeb-0136-4229-8154-442daeb973fe\" style=\"\" rel=\"noopener\">review its trade agreement with<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0dc7feeb-0136-4229-8154-442daeb973fe\" style=\"\" rel=\"noopener\">Israel<\/a><\/strong>, a move supported by a majority of member states due to the \u201ccatastrophic\u201d situation in Gaza. The looming famine has not yet been improved by Israel\u2019s easing of the blockade, as the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-strikes-kill-dozens-gaza-criticism-israel-grows-2025-05-20\/\" style=\"\" rel=\"noopener\">United Nations said yesterday<\/a> no aid has been distributed yet despite some 100 trucks entering the enclave.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The global backlash is apparently not deterring Israel<\/strong>: US intelligence shows Tel Aviv is making preparations to strike Iranian nuclear facilities, <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/05\/20\/politics\/intelligence-israel-possible-strike-iran-nuclear-facilities\" style=\"\" rel=\"noopener\">unnamed US officials told CNN<\/a>. The potential strike would be a huge break with US President Trump\u2019s policy of negotiating an agreement with Tehran.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN THE US- <\/strong>Elon Musk \u2014 one of the biggest backers of the US Republican Party \u2014 signalled yesterday he will <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/05\/20\/2025\/trump-mega-donor-elon-musk-says-he-will-cut-political-spending-focus-on-tesla\" style=\"\" rel=\"noopener\">pull back from political spending<\/a> and focus on Tesla. The EV maker saw a dip in sales amid a backlash to Musk\u2019s close involvement in White House policymaking under President Trump.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also worth reading this morning-<\/strong><\/p>\n<ul>\n<li><strong>Google is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b9d13cc7-f0f0-4d0d-9dfd-7d387ac2cdf9\" style=\"\" rel=\"noopener\">adding \u201cAI mode\u201d<\/a><\/strong> to its search engine and Chrome browser for all US users. The new feature will offer a conversational chatbot \u2014 similar to ChatGPT and Copilot \u2014 rather than a list of links.<\/li>\n<li><strong>Turkey arrested <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/909f8d0d-75a1-4a4f-b3a5-3e53290797f5\" style=\"\" rel=\"noopener\">22 Istanbul municipality employees<\/a><\/strong> on corruption charges yesterday, the latest development after the arrest of mayor Ekrem \u0130mamo\u011flu back in March.<\/li>\n<li>Qatar\u2019s PM Sheikh Mohammed bin Abdulrahman al-Thani <strong>denied that Doha\u2019s USD 400 <\/strong><strong>mn jet offered to Trump is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/20\/qatari-pm-denies-jumbo-jet-gift-to-trump-is-bribery.html\" style=\"\" rel=\"noopener\">an attempt to curry favor<\/a><\/strong>, calling it \u201ca ministry of defense to department of defense transaction.\u201d<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- 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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1740.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1740.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97242\" class=\"content-area-description single-story post-97242 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-algeria tag-debt-watch tag-enterpriseam-ksa tag-international-islamic-trade-finance-corporation-itfc tag-isdb tag-senegal 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\/.faf5e8e8-c11c-4528-b097-0dc34fdbabc1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The IsDB Group committed bns in development financing yesterday<\/strong>, with USD 3 bn for Algeria over the next three years, as well as as EUR 2 bn funding over five years headed Senegal\u2019s way.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Algeria to receive over USD 3 bn <\/strong><strong>from IsDB: <\/strong>The Islamic Development Bank (IsDB) announced to a cooperation framework with Algeria, committing over USD 3 bn in development financing for vital projects in the country over the next three years, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2321702\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of funding:<\/strong> The financing, which was announced yesterday during the IsDB Group\u2019s annual meetings in Algiers, will support railway development, alongside projects in infrastructure, health, and renewable energy, said IsDB Group Chairman Muhammad Al Jasser.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The Islamic Development Bank (IsDB) raised USD 1.75 bn in its first global sukuk sale of 2025 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d3521359-ee45-4849-b2d7-ca43647fed52\/%253cmark%253eisdb%253c%2Fmark%253e-closes-usd-1.75-bn-sukuk-issuance\" style=\"\" rel=\"noopener\">in March<\/a>, part of its USD 25 bn Trust Certificate Issuance Program, pushing its total issuance volume beyond USD 50 bn with broad investor participation from regions including the Middle East, Europe, Asia, and offshore US accounts.<\/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- Senegal secures EUR 2 bn ITFC funding for sustainable development: <\/strong>The International Islamic Trade Finance Corporation (ITFC) \u2014 an IsDB group member \u2014 has signed a five-year framework agreement with the Republic of Senegal valued at EUR 2 bn, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2321834\" style=\"\" rel=\"noopener\">SPA<\/a> reported separately. The funding is dedicated to financing sustainable development across Senegal\u2019s various economic, health, and cultural sectors and projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Early this year, the IsDB <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a828d42c-c5cb-47af-8284-a80c347a43e1\/goodbye,-neymar\" style=\"\" rel=\"noopener\">pledged USD 4.7 bn<\/a> for the Mission 300 initiative, which aims to accelerate the deployment of electricity across Sub-Saharan Africa to 300 mn people by 2030.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/international-islamic-trade-finance-corporation-itfc\/\">International Islamic Trade Finance Corporation (Itfc)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/isdb\/\">IsDB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/senegal\/\">Senegal<\/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=\"97244\" 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=\"97244\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/naif-alrajhi-tgcc-to-collaborate-on-saudi-construction-projects\/\">\r\n                            Naif Alrajhi + TGCC to collaborate on Saudi construction projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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          \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\/21\/naif-alrajhi-tgcc-to-collaborate-on-saudi-construction-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1738.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97245\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/naif-alrajhi-tgcc-to-collaborate-on-saudi-construction-projects\/1738-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1738.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1738.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1738.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1738.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97244\" class=\"content-area-description single-story post-97244 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-construction tag-enterpriseam-ksa tag-real-estate tag-saudi-morocco-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.73fc8eca-23e7-4d35-8e0c-900cd68a866f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Naif Alrajhi<\/strong><strong> partners with TGCC<\/strong><strong>:<\/strong> <a target=\"_blank\" href=\"https:\/\/nalrajhi.com\/en\/\" style=\"\" rel=\"noopener\">Naif Alrajhi Investment<\/a> partnered with Morocco\u2019s largest construction company <a target=\"_blank\" href=\"https:\/\/www.tgcc.ma\" style=\"\" rel=\"noopener\">Travaux G\u00e9n\u00e9raux de Construction de Casablanca<\/a> (TGCC) to jointly develop construction and real estate projects in the Kingdom through the latter\u2019s Saudi subsidiary TGCC Middle East, Alrajhi said in a <a target=\"_blank\" href=\"https:\/\/nalrajhi.com\/en\/News\/Newsdetails\/100\" style=\"\" rel=\"noopener\">statement<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a broader Gulf-expansion plan<\/strong>, TGCC\u2019s Saudi expansion aims to tap into the country\u2019s booming real estate market and support its ongoing transformation, CEO Mohammed Bouzoubaa told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/83425\/%D8%A3%D9%83%D8%A8%D8%B1-%D8%B4%D8%B1%D9%83%D8%A9-%D8%A8%D9%86%D8%A7%D8%A1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8-%D9%88%D8%A7%D9%81%D8%AF-%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Additional details regarding the value of investments and timelines were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> TGCC currently operates in six African countries, where it delivered around 1k projects over the past three decades, Asharq Business reported. It posted a net income of USD 56 mn in 2024, up 44% y-o-y, with an order backlog surpassing USD 1 bn by the end of last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first foreign investment in the Kingdom\u2019s booming real estate sector:<\/strong> Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/talaatmoustafa.com\/\" style=\"\" rel=\"noopener\">Talaat Moustafa Group<\/a> is leading the SAR 31.4 bn Banan project in Riyadh, while Palm Hills is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3303ffa7-3e89-422e-91af-21d983f9d8bd\/dallah-real-estate-%2B-egypt%25e2%2580%2599s-palm-hills-to-set-up-schools,-urban-projects\" style=\"\" rel=\"noopener\">developing<\/a> integrated, multi-use urban projects and 15 international schools in the Kingdom. A Chinese consortium is also planning a USD 2.8 bn development of 100k housing units across the country.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/construction\/\">Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-morocco-relations\/\">Saudi-Morocco relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97246 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"97246\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/97246\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97246\" class=\"content-area-description single-story post-97246 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97247\" 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=\"97247\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/\">\r\n                            Equity capital raised on Saudi Exchange jumps 263% in 2024. PLUS: AUM surpasses SAR 1 tn for the first time                        <\/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\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/\" 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\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/')\">\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\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/\">\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=Equity capital raised on Saudi Exchange jumps 263% in 2024. PLUS: AUM surpasses SAR 1 tn for the first time&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/\">\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\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/&title=Equity capital raised on Saudi Exchange jumps 263% in 2024. PLUS: AUM surpasses SAR 1 tn for the first time\">\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=Equity+capital+raised+on+Saudi+Exchange+jumps+263%25+in+2024.+PLUS%3A+AUM+surpasses+SAR+1+tn+for+the+first+time+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F21%2Fequity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time%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\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2257.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97248\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/equity-capital-raised-on-saudi-exchange-jumps-263-in-2024-plus-aum-surpasses-sar-1-tn-for-the-first-time\/2257-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2257.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2257.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2257.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2257.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97247\" class=\"content-area-description single-story post-97247 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-market-authority-cma tag-capital-markets tag-enterpriseam-ksa tag-exchange-traded-funds tag-financial-markets 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\/.530af7cc-9d93-4a52-9409-d38a7c0a60eb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Total equity capital raised on the Saudi Exchange jumped 263% y-o-y to nearly SAR 72 bn <\/strong><strong>last<\/strong><strong> year<\/strong>, as the main and parallel markets saw a flurry of public and private offerings, buoyed by regulatory reforms, streamlined listing procedures and greater investor participation, according to the Capital Market Authority\u2019s (CMA) <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1648.pdf\" style=\"\" rel=\"noopener\">2024 report (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>A total of 40 companies were listed last year, netting a combined SAR 13.2 bn \u2014 including 13 main market listings and 27 Nomu debuts. Private placements raked in more than SAR 4 bn, in addition to proceeds from eight rights issues, one non-rights capital increase, three direct listings on Nomu, and one newly-listed real estate investment fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Small caps + small investors: <\/strong>Out of 60 CMA-approved IPO and listing requests last year \u2014 up 36.4% y-o-y \u2014 nearly two-thirds were eyeing Nomu debuts, signaling continued momentum in SME listings. A total of 7.5 mn individual subscriptions were recorded across main market IPOs over the same period, reflecting higher participation from retail investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Global investors are buying it: <\/strong>Foreign investment in the Kingdom\u2019s capital market surged 10.1% y-o-y to SAR 218 bn in 2024. Total foreign ownership reached SAR 423 bn by year-end, accounting for 11% of free-float shares on the main market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The debt market is also booming:<\/strong> The total value of listed sukuk and debt instruments hit SAR 663.5 bn last year, up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/60a2a2b4-860e-4e54-be2c-91ee97aec050\/more-investors,-more-aum,-and-more-vc-funds:-cma%25e2%2580%2599s-highlights-of-2023-in-capital-markets\" style=\"\" rel=\"noopener\">SAR 549.8 bn in 2023<\/a>, marking a 20.6% y-o-y increase. Debt offerings raised some SAR 40.43 bn over the same period, up from SAR 29.95 bn the previous year, with private offerings accounting for SAR 39.43 bn of the total. <\/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\">ASSET FLOWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total assets under management (AUM) across public and private funds hit a record SAR<\/strong><strong> 1.1 tn in 2024<\/strong>, up 20.9% y-o-y, as more capital flowed into professionally managed funds \u2014 signaling stronger institutional activity. Investment funds\u2019 assets were up 25.2% y-o-y to SAR 699.1 bn over the same period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exchange-Traded Funds (ETFs) witnessed a 935% surge in total asset value to SAR 6.7 <\/strong><strong>bn in 2024<\/strong>. The number of subscribers in ETFs increased by 39.8% y-o-y to 23.8k. Meanwhile, Real Estate Investment Trusts (REITs) saw their asset value increase by 5.8% y-o-y to SAR 29.3 bn, while their subscribers declined by 6.7% y-o-y to 513.6k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total assets of managed private portfolios climbed by 13% y-o-y to SAR 353.9 bn during <\/strong><strong>last year<\/strong>. Local equities were the largest asset category, reaching SAR 166.8 bn, up 18.6% y-o-y, followed by other investment instruments at SAR 126.8 bn, and investment funds at SAR 28.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE HIGHLIGHTS FROM THE REPORT-<\/strong><\/p>\n<ul>\n<li><strong>The number of licensed financial institutions rose to 186 in 2024<\/strong>, with the CMA issuing 25 new licenses across the sector last year. The regulator also approved 46 fintech sandbox licenses, spanning robo-advisory, digital fund distribution, social trading models, and debt investment tools.<\/li>\n<li><strong>The Kingdom ranked first among G20 countries in equity market capitalization,<\/strong> shareholder rights and VC strength, and second globally in equity market development.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-market-authority-cma\/\">Capital Market Authority (CMA)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/exchange-traded-funds\/\">exchange-traded funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97249\" 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=\"97249\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/\">\r\n                            Lunate, Brookfield launch USD 1 bn JV to invest in Saudi, UAE real estate                        <\/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\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/\" 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\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/')\">\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\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/\">\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=Lunate, Brookfield launch USD 1 bn JV to invest in Saudi, UAE real estate&url=https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/\">\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\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/&title=Lunate, Brookfield launch USD 1 bn JV to invest in Saudi, UAE real estate\">\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=Lunate%2C+Brookfield+launch+USD+1+bn+JV+to+invest+in+Saudi%2C+UAE+real+estate+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F21%2Flunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate%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\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/458.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97250\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/lunate-brookfield-launch-usd-1-bn-jv-to-invest-in-saudi-uae-real-estate\/458-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/458.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"458.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/458.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/458.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97249\" class=\"content-area-description single-story post-97249 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-brookfield tag-enterpriseam-ksa tag-investment tag-lunate tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.4db66d16-f619-4e72-afab-f51bf7e88647.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Lunate and Brookfield form a USD 1 bn JV to invest in real estate:<\/strong> Abu Dhabi-based asset manager Lunate partnered with Brookfield Asset Management to launch a USD 1 bn joint venture (JV) focused on residential real estate in the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/lunate.com\/en\/news-insights\/announcements\/brookfield-lunate-launch-1b-residential-joint-venture\" 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 new venture will focus on developing high-quality build-to-sell and opportunistic <\/strong><strong>buy-to-sell residential assets, <\/strong>across Saudi Arabia and the UAE. The JV will establish a dedicated team to oversee these developments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lunate will contribute \u201ca significant cornerstone investment to the JV\u201d <\/strong>and will tap into its regional network to support fundraising and commercialization, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not the first time the two firms have linked up:<\/strong> In April 2024, Lunate acquired a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/993cfa06-6832-4ab3-9cb3-ee96efb7c09a\/lunate,-olayan-take-49%2525-stake-in-dubai%25e2%2580%2599s-largest-office-tower\" style=\"\" rel=\"noopener\">24.5%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/993cfa06-6832-4ab3-9cb3-ee96efb7c09a\/lunate,-olayan-take-49%2525-stake-in-dubai%25e2%2580%2599s-largest-office-tower\" style=\"\" rel=\"noopener\">stake<\/a> in ICD Brookfield Place from Brookfield. While financial terms were not disclosed, Bloomberg previously valued the tower at USD 1.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story also got ink from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-20\/brookfield-lunate-earmark-1-billion-for-mideast-real-estate\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/brookfield\/\">Brookfield<\/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\/lunate\/\">Lunate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97251\" 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=\"97251\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/sarsatx-raises-usd-2-6-mn-in-seed-funding-round\/\">\r\n                            SARsatX raises USD 2.6 mn in seed funding round                        <\/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\/21\/sarsatx-raises-usd-2-6-mn-in-seed-funding-round\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=SARsatX+raises+USD+2.6+mn+in+seed+funding+round+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F05%2F21%2Fsarsatx-raises-usd-2-6-mn-in-seed-funding-round%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\/21\/sarsatx-raises-usd-2-6-mn-in-seed-funding-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1736.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97252\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/sarsatx-raises-usd-2-6-mn-in-seed-funding-round\/1736-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1736.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1736.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1736.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1736.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97251\" class=\"content-area-description single-story post-97251 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-aramco-ventures tag-arkestro tag-enterpriseam-ksa tag-startup-watch tag-waed-ventures tag-ziadah 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\/.c5498de8-83b4-4273-895b-5edd21caea3a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Local sp<\/strong><strong>acetech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sarsatarabia.com\/en\/home\/\" style=\"\" rel=\"noopener\">SARsatX<\/a><\/strong><strong> raised USD 2.6 mn in a seed funding round led<\/strong><strong> by <\/strong><strong>Neom\u2019s cognitive technology arm<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/tonomus.neom.com\/en-us\" style=\"\" rel=\"noopener\">Tonomus<\/a><\/strong>, with the participation of Wa\u2019ed Ventures, <a target=\"_blank\" href=\"https:\/\/access-bridge.com\" style=\"\" rel=\"noopener\">Access Bridge Ventures<\/a>, and <a target=\"_blank\" href=\"https:\/\/innovation.kaust.edu.sa\/entrepreneurs\/kaust-innovation-ventures\/\" style=\"\" rel=\"noopener\">KAUST Innovation Ventures<\/a>, it said in a <a target=\"_blank\" href=\"https:\/\/sarsatarabia.com\/en\/sarsatx-secures-2-6m-seed-round-led-by-tonomus\/\" 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>Where will the money go? <\/strong>The funding will be allocated to develop the company\u2019s Earth observation analytics capabilities and accelerate the integration of advanced data insights into satellites.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first backing for SARsatX:<\/strong> The company received backing from Egypt-based, early-stage venture capital firm Flat6Labs in mid-2024, after participating in Cycle 3 of the Riyadh Seed Program. It also received a USD 800k grant from NTDP in 2023 and another USD 55k grant from the KAUST Innovation Fund in 2020.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going global?<\/strong> SARsatX participated in the 2025 Mobile World Congress held in Barcelona <a target=\"_blank\" href=\"https:\/\/sarsatarabia.com\/en\/sarsat-participates-in-mwc-2025-in-barcelona-as-part-of-its-strategic-expansion-into-european-markets\/\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/sarsatarabia.com\/en\/sarsat-participates-in-mwc-2025-in-barcelona-as-part-of-its-strategic-expansion-into-european-markets\/\" style=\"\" rel=\"noopener\">March<\/a>, supported by the \u201cTomoh\u201d program run by Monsha\u2019at in collaboration with the Saudi Export Development Authority, hoping to strike new partnerships in Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About SARsatX: <\/strong>Founded by Ahmed Alzubairi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/aalzubairi\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Muhannad Almutiry (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/almutiry\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as a spin-off from KAUST\u2019s Taqadam Accelerator in 2019, SARsatX specializes in advanced Earth observation analytics and providing near real-time satellite data to support various applications, including deforestation monitoring, oil leak detection, disaster response, urban development, and border security.<\/p>\n<p class=\"tag-border-left\">IN OTHER STARTUP NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>San Francisco-based predictive pro<\/strong><strong>curement platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/arkestro.com\/\" style=\"\" rel=\"noopener\">Arkestro<\/a><\/strong><strong> landed <\/strong><strong>a USD 36 mn <\/strong><strong>strategic investment led by Aramco Ventures<\/strong> <strong>and Altira Group<\/strong> with participation from existing investors NEA, KDT, and Activant, Aramco Ventures said in a <a target=\"_blank\" href=\"https:\/\/aramcoventures.com\/news\/arkestro-secures-36m-in-strategic-investment-to-accelerate-predictive-procurement-innovation\/\" 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>Use of proceeds:<\/strong> The fresh funds will go toward accelerating Arkestro\u2019s innovation in AI-powered procurement technology and supporting its global expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Arkestro:<\/strong> Arkestro\u2019s platform uses AI, behavioral science, and game theory to accelerate procurement, enhance supplier collaboration, claiming to deliver 18.8% average cost savings per USD 1 mn in spending.<\/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- Homegrown <\/strong><strong>E-commerce SaaS startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ziadah.app\/\" style=\"\" rel=\"noopener\">Ziadah<\/a><\/strong><strong> closed its seed funding round with the support of <\/strong><strong>an unnamed angel investor<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/05\/saudi-e-commerce-app-ziadah-closes-seed-round\" style=\"\" rel=\"noopener\">press release<\/a>. No further details on the funding round were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Ziadah: <\/strong>Founded in 2024 by Ali Al Dihnayn (<a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/alialdihnayn\" style=\"\" rel=\"noopener\">Linkedin<\/a>) and Mahmoud Omar (<a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/mahmoud-ahmed-profile\" style=\"\" rel=\"noopener\">Linkedin<\/a>), Ziadah provides online retailers with tools that analyze shoppers' behavior and integrate the data with e-commerce platforms.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco-ventures\/\">Aramco Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/arkestro\/\">Arkestro<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/waed-ventures\/\">Wa\u2019ed Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ziadah\/\">Ziadah<\/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=\"97253\" 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=\"97253\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/aecom-is-now-a-key-partner-in-upgrading-king-fahad-sport-city\/\">\r\n                            Aecom is now a key partner in upgrading King Fahad Sport City                        <\/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\/21\/aecom-is-now-a-key-partner-in-upgrading-king-fahad-sport-city\/\" 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 firm was contracted by the Sports Ministry to bring the facilities up to the Fifa standards ahead of the AFC Asian Cup in 2027 and the 2034 Fifa World Cup.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We saw it coming:<\/strong> Aecom was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/de5d3d8f-cf1a-4de4-8ce5-b4f37f853eec\/pif-is-seeking-consultancy-for-a-new-business-district-in-riyadh\" style=\"\" rel=\"noopener\">reportedly<\/a> among a group of international companies looking to land some project management consultancy contracts in the Kingdom. The company <a target=\"_blank\" href=\"https:\/\/publications.aecom.com\/ksa-careers\/projects.html\" style=\"\" rel=\"noopener\">has already been involved<\/a> in the expansion of King Khaled International Airport, as well as the development of King Abdullah port and Jeddah\u2019s drainage system.<\/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>The Nat<\/strong><strong>ional Water Company (NWC) completed 18 capital and operational projects<\/strong><strong> in <\/strong><strong>Makkah and at the Holy Sites worth SAR 400 mn<\/strong> to boost water coverage rates and overall network efficiency ahead of the upcoming Hajj season, it said in a <a target=\"_blank\" href=\"https:\/\/www.nwc.com.sa\/En\/MediaCenter\/News\/Pages\/18projects-in-Makkah.aspx\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The projects involved the construction and rehabilitation of water storage facilities \u2014 including a 190k sqm steel tank \u2014 along with replacing pumps, installing meters, sensors, pipelines, and valve rooms, and upgrading networks.<\/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\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch<\/strong><strong> Ratings <\/strong><strong>assigned<\/strong><strong> the Saudi Export-Import Bank\u2019s (Saudi Exim) long-term foreign <\/strong><strong>and local currency issuer default ratings (IDR) at A+<\/strong> with a stable outlook, the credit rating agency said in a <a target=\"_blank\" rel=\"noopener\">note<\/a>. It also assigned the bank\u2019s short-term IDR at F1+. The ratings reflect Saudi Exim\u2019s government-ownership \u2014 through the National Development Fund \u2014 along with Fitch\u2019s view of \u201cvirtually certain\u201d government support.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Saudi Exim and the Jordanian Housing Bank for Trade and Finance (HBTF) signed a USD 10 mn credit line agreement to boost Saudi non-oil exports into Jordanian markets and foster trade relations, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2321832\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/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\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"http:\/\/www.cimc-mbs.com\/\" style=\"\" rel=\"noopener\">CIMC M<\/a><\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.cimc-mbs.com\/\" style=\"\" rel=\"noopener\">odular Building Systems<\/a><\/strong><strong> (CIMC MBS) <\/strong><strong>agreed to build the Earth Riyadh Hotel in <\/strong><strong>the Kingdom<\/strong>, marking the Chinese firm\u2019s entry into the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cimc-modular-building-systems-pioneers-sustainable-modular-hotel-construction-in-saudi-arabia-setting-a-new-benchmark-in-the-middle-east-302460164.html\" style=\"\" rel=\"noopener\">press release<\/a>. Scheduled for completion in 2026, the Earth Riyadh Hotel will be a three-story, four-star boutique hotel in the Al Maather district, spanning 11k sqm and featuring 86 rooms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Efficiency in mind: <\/strong>CIMC MBS will implement a modular approach in the construction \u2014 with module design, offsite manufacturing, and on-site installation \u2014 which is projected to cut the construction timeline by half and improve resource and energy efficiency, compared to traditional methods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New York-b<\/strong><strong>ased live entertainment company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.rwsglobal.com\" style=\"\" rel=\"noopener\">RWS Global<\/a><\/strong><strong> is opening a new headquarters <\/strong><strong>in Riyadh<\/strong> to strengthen its presence in the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.rwsglobal.com\/news\/rws-global-announces-plans-to-open-middle-east-headquarters\" style=\"\" rel=\"noopener\">statement<\/a>. The move aims to make the company \u201cmore available\u201d for regional clients, after a decade of operating in the region, particularly in the Kingdom and Abu Dhabi, said RWS Global Chairman & CEO Ryan Stana.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aecom\/\">Aecom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/fitch-ratings\/\">Fitch Ratings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-water-company\/\">National Water Company<\/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=\"97255\" 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=\"97255\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/05\/21\/emerging-markets-etfs-see-inflows-for-fourth-week-straight\/\">\r\n                            Emerging markets ETFs see inflows for fourth week straight                        <\/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\/21\/emerging-markets-etfs-see-inflows-for-fourth-week-straight\/\" 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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Recent inflows pushed EM ETFs into the green YTD for the first time since April, with USD 1.8 bn worth of inflows pushing the collection of ETFs to a net positive of USD 880.4 mn<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cAfter years of being unloved and overlooked, EM equities are seeing significant<\/strong><strong> demand<\/strong> as allocators step up their need for geographical diversification,\u201d said Global X portfolio manager Malcom Dorson. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e559318-6cba-4c04-b732-c0076a82984f\/moody%25e2%2580%2599s-strips-us-of-last-aaa-credit-rating-on-rising-debt-concerns\" style=\"\" rel=\"noopener\">Moody\u2019s downgrading the US\u2019 sovereign credit rating by one notch to AA1<\/a> has added \u201cfuel to the fire, and we think this rally is sustainable,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growing risk appetite drove the Avantis Emerging Markets Equity EFT to record inflows <\/strong><strong>upwards of USD 1 bn last week<\/strong> \u2014 marking its best ever week and accounting for more than half of EM ETFs listed stateside.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But zooming into which EM assets have become the most attractive, China is the clear <\/strong><strong>front runner<\/strong>, with inflows reaching USD 669.1 mn last week following a temporary trade war truce between the US and the world\u2019s factory. With trade war concerns at bay \u2014 for now at least \u2014 traders are now pricing in a much lower possibility of a coming global recession, which is good news for emerging market stocks.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning. <\/strong>The Shanghai Composite is up 0.1%, the Hang Seng and Kospi are both in the green, looking at gains of 0.4% and 0.7%, respectively. Meanwhile, Japan\u2019s Nikkei is down 0.2%. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,438<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: -5.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,461<\/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: -3.2%)<\/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>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\">27,529<\/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: -12.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,629<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,707<\/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: +3.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,467<\/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\">-0.4% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,940<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +1.0%)<\/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>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\">8,781<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +7.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,455<\/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: +11.5%)<\/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>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 65.38<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.43<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,307<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 106,085<\/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: +13.4%)<\/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>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\">912.5<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: 1.2%)<\/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>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\">143.0<\/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: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility 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\">18.09<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +4.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>rose 0.3% <strong>yesterday <\/strong>on turnover of SAR 4.9 bn. The index is down 5.0% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> MBC Group (+6.0%), NGC (+4.5%) and Zamil Indust (+4.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Go Telecom (-4.6%), Sadafco (-2.7%) and Chubb (-2.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> rose 0.1% <strong>yesterday <\/strong>on turnover of SAR 22.1 mn. The index is down 12.5% 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> HKC (+10.8%), NBM (+10%) and Naseej Tech (+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> Dkhoun (-19.8%), Alshehili Metal (-5.2%) and Paper Home (-3.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nation<\/strong><strong>al Medical Care\u2019s general assembly approved a SAR 89.4 mn dividend distribution <\/strong><strong>for FY 2024 <\/strong><strong>at SAR 2 per share<\/strong>, starting Monday, 2 June, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87509&anCat=1&cs=4005&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/exchange-traded-fund-etf\/\">exchange-traded fund (ETF)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97257\" 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\/21\/97257\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97257\" class=\"content-area-description single-story post-97257 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>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>20-22 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudisignageexpo.com\/\" style=\"\">Saudi Signage and Labelling Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention & Exhibition Center, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudisignageexpo.com\/saudi-paper-packaging-expo\/\" style=\"\">Saudi Paper and Packaging Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention & Exhibition Center, Riyadh.<\/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 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>5-10 June (Thursday-Tuesday): Markets <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/vVNNV-IwFP0rzoJlyKNfad1FnSl4ilj5ULLhhDSUapvUEun8_AngQjz4cWZhVve-3Jf38m6CGX7ATPFtkXNTaMVLy-csWPg0AKcfwiieJD1IZyQJZ-mkBwMPzzDDrNSClxLPpdqxWhSZxatIEAGAgBAPeR4BFLneEgWRk4GQvZDzaKcWytRmjeeGZ7x9KRdSdWDD0Svd47ophNxwlRUqkxbtg0q2B1Dx5kmaAxXmDUVnssjOehECHzng-Pj--DLhMA4gvaHpyCE-xDPA7PO7vsuH8a0P6Z_boZvAHcQQfC8fPlj0y_pjO9-5PYN8KKK2yLaQLZ4q3VTWv_FuxPeXw0U6_X1nc__bqT7g66_6s4-leHx-ZtS6qpWRfw1--BFb2XFnIxoRa8z1RTxIqBsG5L3ghPPHghPW7gWfeGenk5d6efgzVC3dMMeskSvZyKb70tjw2ph6c96BDrRt2821zkvZFbrqwKmUtd7Y8R0rcV1VoVuh6dRuTPrV4ipZjQePfrlN6K9_1IyoPg!!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\">close<\/a><\/span><span style=\"font-weight:400;\"> for Eid Al Adha.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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 style=\"font-weight:400;\">15 October (Wednesday): Russian-Arab Summit.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 October (Friday): Saudization for private healthcare roles enters its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hrsd.gov.sa\/ar\/media-center\/news\/%D8%A8%D8%AF%D8%A1-%D8%AA%D8%B7%D8%A8%D9%8A%D9%82-%D9%82%D8%B1%D8%A7%D8%B1-%D8%B1%D9%81%D8%B9-%D9%86%D8%B3%D8%A8-%D8%A7%D9%84%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D9%84%D8%A3%D8%B1%D8%A8%D8%B9-%D9%85%D9%87%D9%86-%D8%B5%D8%AD%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5\" style=\"\">second phase<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-23 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.privatecapitalforum.com.sa\/\" style=\"\">Private Capital Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 December (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fortune.com\/2024\/11\/15\/fortune-global-forum-2025-riyadh-saudi-arabia\/\" style=\"\">The Fortune Global Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" style=\"\">US Federal Reserve Open Market Committee<\/a><\/span><span> meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-9 November (Monday- Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtatennis.com\/tournament\/808\/wta-finals\/2025\/overview\" style=\"\">WTA Tour Finals<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-26 November (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudifoodexpo.com\/\" style=\"\">Saudi Food Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 November (Monday-Wednesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">The World Advanced Manufacturing & Logistics Saudi Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-30 November (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wrc.com\/en\/calendar\" style=\"\">World Rally Championship Saudi Arabia 2025<\/a><\/span><span style=\"font-weight:400;\">, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1353.aspx\" style=\"\">Zatca<\/a><\/span><span style=\"font-weight:400;\"> 21st E-invocing integration wave deadline.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaea.org\/events\/epr2025\" style=\"\">International Conference on Nuclear and Radiological Emergencies<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/isocarp.org\/61st-isocarp-world-planning-congress\/\" style=\"\">61st ISOCARP World Planning Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>31 December (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1353.aspx\" style=\"\">Zatca<\/a><\/span><span style=\"font-weight:400;\"> 22st E-invoicing integration wave deadline.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">UN Trade and Development Global Supply Chain Forum <\/span><span style=\"font-weight:400;\">to take place in Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-12 February (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worlddefenseshow.com\/en\" style=\"\">World Defense Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldenergy.org\/experiences-events\/world-energy-congress\" style=\"\">World Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The World Water Forum <\/span><span style=\"font-weight:400;\">takes place in Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Ocean Race<\/span><span style=\"font-weight:400;\"> finishes in Amaala on the Red Sea.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Riyadh-Kudmi transmission line<\/span><span style=\"font-weight:400;\"> to be completed.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Naif Alrajhi + TGCC | AUM in funds surpasses SAR 1 tn | PIF developing Project Paradise?<\/p>\n","protected":false},"featured_media":97238,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-97237","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e3126583-afef-4b04-bc7a-8a89614f35fb","teaser":"Naif Alrajhi + TGCC | AUM in funds surpasses SAR 1 tn | PIF developing Project Paradise?","photo_url":"https:\/\/ent.news\/2025\/5\/1733.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IsDB Group 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