{"id":97543,"date":"2025-06-01T00:00:00","date_gmt":"2025-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=97543"},"modified":"2025-12-14T21:11:14","modified_gmt":"2025-12-14T21:11:14","slug":"aramco-to-issue-more-sukuk-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-to-issue-more-sukuk-this-year\/","title":{"rendered":"Aramco to issue more sukuk this year"},"content":{"rendered":"<section id=\"97545\" 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=\"97545\">\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\/06\/01\/drop-in-oil-revenues-global-uncertainty-a-chance-to-take-stock-of-spending-priorities-aljadaan\/\">\r\n                            THIS MORNING: Drop in oil revenues, global uncertainty a chance to \u201ctake stock\u201d of spending priorities -AlJadaan                        <\/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\/06\/01\/drop-in-oil-revenues-global-uncertainty-a-chance-to-take-stock-of-spending-priorities-aljadaan\/\" 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 Eid vacation is days away, and we kick off the last workweek with a packed issue, leading with Aramco\u2019s sukuk push slated for this year, highlights of the Aseer Investment Forum held last week, and the first Saudi sukuk ETF going live on the Hong Kong Exchange.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the details on these stories, and (many) more, in today\u2019s news well.<\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/axs.sa\/ar\" style=\"\" rel=\"noopener\">Axelerate<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/axs.sa\/ar\" style=\"\" rel=\"noopener\">d Solutions<\/a><\/strong><strong>\u2019 shares will begin tra<\/strong><strong>ding on the Nomu parallel market today<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-detail-wcm\/?newsId=8841&amp;locale=en\" style=\"\" rel=\"noopener\">Tadawul statement<\/a>. The company\u2019s shares can fluctuate within a 30% range for the first three days, after which price fluctuations will be capped at 10% as circuit breakers take effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The company priced its offering at SAR 27 per share, after it saw its offered 10.7% stake <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c172ca30-775b-4a3e-a777-5b5696270b62\/%253cmark%253eaxelerated-%253c%2Fmark%253esolutions%25e2%2580%2599-ipo-records-strong-investor-demand-ahead-of-listing-on-nomu\" style=\"\" rel=\"noopener\">208% oversubscribed<\/a> by qualified investors. The pricing would give Axelerated Solutions a market cap of SAR 756 mn at listing and should see it raise some SAR 3.8 mn in IPO proceeds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong>Al Kuzama T<\/strong><strong>rading to debut on Nomu tomorrow: <\/strong>Restaurant operator Al Kuzama Trading\u2019s shares are due to hit Tadawul\u2019s parallel market Nomu tomorrow, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-detail-wcm\/?newsId=8845&amp;locale=en\" style=\"\" rel=\"noopener\">a statement<\/a>. The firm floated a 10.7% stake in a SAR 45.2 mn primary offering that was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7031739c-3713-4f1b-8f6d-84c6c11b0322\/al%253cmark%253e-kuzama%253c%2Fmark%253e%25e2%2580%2599s-ipo-reels-in-strong-investor-demand\" style=\"\" rel=\"noopener\">108.4% oversubscribed<\/a>, with proceeds earmarked for expansion. Some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c45c4dde-e3fc-4104-bd1c-80040109c32a\/al-kuzama-to-kick-off-nomu-ipo-next-month\" style=\"\" rel=\"noopener\">422.4k<\/a> new shares were up for grabs at SAR 107 apiece.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s shares will be allowed to fluctuate within a 30% band<\/strong>, with a static fluctuation band of 10% on the first three trading days. Starting from the fourth day, shares will be allowed to trade at a 10% volatility as circuit breakers take effect, and the static fluctuation limit will be removed.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Riyadh<\/strong> is expected to see a high of 42\u00b0C and a low of 28\u00b0C today, while <strong>Jeddah<\/strong>\u2019s mercury will go as high as 36\u00b0C and as low as 27\u00b0C. <strong>Makkah<\/strong> will see a 43\u00b0C high and 31\u00b0C low.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Riyadh\u2019s public transport system released its operating schedule for the Eid Al Adha <\/strong><strong>holiday<\/strong>, running from 5 to 14 June, it said in a post on <a target=\"_blank\" href=\"https:\/\/x.com\/RiyadhTransport\/status\/1928398554227245067\" style=\"\" rel=\"noopener\">X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh Metro:<\/strong><\/p>\n<ul>\n<li><strong>The <\/strong><strong>Orange Line<\/strong> will operate from 10am to midnight from 5 to 14 June. It will return to its regular 6am start on 15 June.<\/li>\n<li><strong>For all other metro lines<\/strong>, services will start at 8am on 5 June, shift to a 10am start from 6 to 8 June, return to an 8am start from 9 to 11 June, and resume the regular 6am schedule from 12 June onward.<\/li>\n<li><strong>All metro lines<\/strong> will operate daily until 12am midnight during the holiday period.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about the bus? <\/strong>Buses will run daily from 5 AM to midnight between 5 and 12 June. On-demand buses will also be available to accommodate increased holiday travel.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.entrepreneurshipworldcup.com\/ewc\" style=\"\" rel=\"noopener\">The Entrepreneurship World Cup<\/a><\/strong><strong> is now accepting applications<\/strong>, with a deadline set for 30 June. The global competition invites over 200 countries to take part in a pitch event that offers USD 1.5 mn in prizes and additional support through services and investment prospects. You can apply <a target=\"_blank\" href=\"https:\/\/entrepreneurshipworldcup.typeform.com\/EWC2025?typeform-source=www.entrepreneurshipworldcup.com\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> #1- <\/strong><strong>The Ki<\/strong><strong>ngdom will use the c<\/strong><strong>urrent drop in oil revenues and global uncertainty to \u201ctake <\/strong><strong>stock\u201d of its spending priorities <\/strong>while maintaining Vision 2030 projects development, Finance Minister Mohammed Al Jadaan told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2ac37f09-40b7-4767-a388-57c00d4ce184\" style=\"\" rel=\"noopener\">Financial Times<\/a> on Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deficits won\u2019t slow down spending: <\/strong>Despite an 18% y-o-y fall in oil revenue and a widening fiscal deficit of USD 15.6 bn in 1Q 2025 \u2014 the largest since 2021 \u2014 Al Jadaan emphasized that government spending will continue to support non-oil growth, even if the budget deficit exceeds expectations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Jadaan said a deficit of up to 5% of GDP would be acceptable if it supports non-oil <\/strong><strong>growth<\/strong>, expressing confidence despite IMF projections of a wider fiscal gap of 4% this year and next. \u201cThere will possibly be more deficit than we anticipated in the budget, but not significant,\u201d he said. \u201cWe still have plenty of room in our fiscal buffers, ample foreign reserves [and] significant government reserves.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With a low debt-to-GDP ratio of 26%, well below the 40% ceiling<\/strong>, he sees ample fiscal space and expects 2025 growth to reach 4.6%, outperforming the IMF\u2019s 3% forecast.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Minister stressed the importance of taking a countercyclical approach to avoid the <\/strong><strong>\u201ctrap of booms and busts,\u201d<\/strong> confirming earlier reports that the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e7a1cce8-f25c-4107-acea-209e38cfe81f\/pif-pivots-its-focus-to%253cmark%253e-domestic%253c%2Fmark%253e-growth\" style=\"\" rel=\"noopener\">Public Investment Fund<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/12e0076f-2c22-49ca-872f-b1d2c0a1c8d1\/neom-reportedly-under-comprehensive-review-led-by-acting-ceo#:~:text=Neom%20is%20undergoing%20a%20%E2%80%9Ccomprehensive%20review%E2%80%9D%20led%20by%20acting%20CEO%20Aiman%20Al%20Mudaifer%20to%20reassess%20budgets%20and%20progress%20of%20various%20developments\" style=\"\" rel=\"noopener\">Neom<\/a> are also reassessing their timelines and priorities amid a wider <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c9cd5ef0-b152-4d03-b4bc-150d17bc68d0\" style=\"\" rel=\"noopener\">recalibration of gigprojects<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> #2- <\/strong><strong>India agreed to exempt the Public Investment Fund (PIF) from foreign investment<\/strong><strong> rules <\/strong><strong>that limit how much sovereign entities can invest in a single company<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-exempt-saudi-fund-foreign-portfolio-investment-rules-sources-say-2025-05-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing two unnamed sources. The move will let different arms of the PIF invest in Indian firms without being limited to the 10% ownership cap of sovereign entities in a single company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF currently has limited exposure in India<\/strong>, with investments limited to USD 1.5 bn in <a target=\"_blank\" href=\"https:\/\/www.jio.com\/platforms\/\" style=\"\" rel=\"noopener\">Jio<\/a><a target=\"_blank\" href=\"https:\/\/www.jio.com\/platforms\/\" style=\"\" rel=\"noopener\">Platforms<\/a> and USD 1.3 bn in <a target=\"_blank\" href=\"https:\/\/relianceretail.com\" style=\"\" rel=\"noopener\">Reliance Retail<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Indian Prime Minister Narendra Modi visited the Kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3f7759f2-9f93-400c-97b9-bb4116bcb9c2\/saudi-arabia-and-india-to-strengthen-cooperation-on-oil,-promote-bilateral-trade\" style=\"\" rel=\"noopener\">in April<\/a>, where the two countries agreed to boost investment in sectors such as energy, infrastructure, and pharma. They also began talks on a bilateral investment treaty. India currently stands as the Kingdom\u2019s second-largest trading partner at USD 39.9 bn in 2024, with Saudi investments in India amounting to USD 4 bn as of 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>The <\/strong><strong>PIF is weighing an IPO for its wholly-owned tech subsidiary Saudi Information <\/strong><strong>Technology (Site)<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-29\/saudi-arabia-s-wealth-fund-pif-said-to-explore-tech-unit-site-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it said are in the know. The sovereign wealth fund has invited banks to pitch for advisory roles, though the plans remain at an early stage and key terms \u2014 including valuation and launch date \u2014 are still being assessed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The Kingdom\u2019s finances are pressured by lower oil prices, driving the PIF to turn to asset sales \u2014 including planned IPOs for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1c55c7a4-ce77-4a0c-a7bd-1ad23a8256e0\" style=\"\" rel=\"noopener\">medical procurement firm Nupco<\/a>, port operator <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d0a3467a-abf0-4f2c-8d69-2b65e3040ff1\/pif%25e2%2580%2599s%253cmark%253e-saudi-global-ports%253c%2Fmark%253e-taps-banks-for-potential-ipo\" style=\"\" rel=\"noopener\">Saudi Global Ports<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8a3c56cc-ebf9-417c-8382-0816af5b9a75\/real-madrid-vs-barcelona-at-king-abdullah-sports-city-today#:~:text=Saudi%20Tabreed%20reportedly%20hired%20Citigroup%20and%20SNB%20Capital%20to%20manage%20a%20potential%20IPO\" style=\"\" rel=\"noopener\">Tabreed District Cooling<\/a> \u2014 as well as tapping debt markets to support Vision 2030. Together, the government, the PIF, and their subsidiaries have already raised over USD 23 bn in 2025, in addition to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/89270bf2-1fef-4e0c-b78d-752f8e30f714\/%253cmark%253earamco%253c%2Fmark%253e-raises-usd-5-bn-in-its-first-usd-denominated-bond-issuance-this-year\" style=\"\" rel=\"noopener\">Aramco\u2019s USD 5 bn bond sale<\/a> last week.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #3- <\/strong><strong>PIF-bac<\/strong><strong>ked <\/strong><strong><a target=\"_blank\" href=\"https:\/\/salic.com\/\" style=\"\" rel=\"noopener\">Saudi Agricultural and Livestock Investment Company<\/a><\/strong><strong> (Salic) is eyeing <\/strong><strong>potential investments in Russia\u2019s wheat market<\/strong>, with CEO Sulaiman Al Rumaih confirming that the company is in \u201cserious discussions\u201d and that it\u2019s only \u201ca question of time,\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-salic-eyes-investment-opportunities-russia-2025-05-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> quotes him as saying during the <a target=\"_blank\" href=\"https:\/\/forum.rusgrain.org\/\" style=\"\" rel=\"noopener\">Russian Grain Forum 2025<\/a> in Sochi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>Given that Russia supplies some 50% of Saudi Arabia\u2019s wheat imports, AlRumaih sees strong competitiveness in Russian firms and believes Salic can leverage this to help boost Russian wheat exports to broader Middle Eastern and African markets, effectively acting as \u201cconduits of Russian grain to the global market,\u201d he said.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a> #4-<\/strong> <strong>Iraq edgin<\/strong><strong>g closer to Acwa Power, Mas<\/strong><strong>dar 2 GW solar plants agreement:<\/strong> Iraq\u2019s Electricity Ministry is close to finalizing an agreement with Tadawul-listed Acwa Power for a 1 GW solar plant in Najaf, <a target=\"_blank\" href=\"https:\/\/ina.iq\/eng\/40227-ministry-of-electricity-announces-imminent-contracts-with-saudi-and-emirati-companies-to-establish-five-solar-power-stations.html\" style=\"\" rel=\"noopener\">Iraqi News Agency (INA)<\/a> reported on Thursday. The ministry is also in talks with the UAE\u2019s Masdar to set up four plants with a combined 1 GW capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Iraq\u2019s parliament was reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/afa4fac1-d299-49af-913d-61fe833666af\/world-expo-2030-bid-in-the-final-stage-%2B-a-hiring-dispute-behind-the-pif-pwc-row%3F#:~:text=%235%2D%20Iraq%E2%80%99s%20parliament%20is%20nearing%20approval%20of%20a%20new%20law%20to%20safeguard%20Saudi%20investments%20in%20Iraq\" style=\"\" rel=\"noopener\">nearing approval<\/a> of a new law to protect Saudi investments, with Saudi-Iraqi investment ties set to strengthen as political, security, and economic partnerships deepen. The Kingdom also signed a contract <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9da5f997-a6c0-43ba-9c84-1eff7cecbe0d\/sener-to-revamp-masterplans-for-saudi-airports#:~:text=Saudi%20Arabia%20sealed%20a%20contract%20with%20Iraq%20to%20supply%20it%20with%201%20GW%20of%20electricity\" style=\"\" rel=\"noopener\">in January<\/a> to supply Iraq with 1 GW of electricity, contributing to Iraq\u2019s plan to import 3.2 GW from neighboring countries (Iran, Turkey, Jordan, and the GCC grid) this summer to address ongoing power shortages.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>AviLease is expected to pl<\/strong><strong>ace USD multi-bn orders for Airbus jets to balance its <\/strong><strong>suppliers and support its aviation growth ambitions<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/saudi-firms-place-orders-dozens-airbus-jets-sources-say-2025-05-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing industry sources. The firm is expected to announce an order for up to 30 Airbus A320neo during next month\u2019s Paris Airshow, while sources speculated the order may be expanded to include A350 freighters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The PIF placed an order for 20 Boeing 737-8 jets for its aviation leasing firm AviLease \u2014 with an option for 10 more \u2014 during last month\u2019s Saudi-US investment summit.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6-<\/strong> <strong>Homegr<\/strong><strong>own budget carrier flynas became the latest to join the flock of airlines <\/strong><strong>resuming Syria flights<\/strong>, launching direct flights between Riyadh and Damascus starting 5 June, it said in a <a target=\"_blank\" href=\"https:\/\/www.flynas.com\/en\/media-center\/news-updates\/flynas-launches-direct-flights-between-riyadh-and-damascus-as-of-june-5th\" style=\"\" rel=\"noopener\">statement<\/a> on Thursday. The airline previously operated flights to several Syrian cities, including Damascus, Aleppo, and Latakia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Flyadeal announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/edition\/am\/651c392c-5bba-4815-83ae-efbb7766c735\/humain-to-launch-usd-10-bn-ai-vc-fund-this-summer#:~:text=Homegrown%20budget%20carrier%20Flyadeal%20is%20gearing%20up%20to%20launch%20flights%20to%20Syria%20as%20early%20as%20July\" style=\"\" rel=\"noopener\">last week<\/a> it plans to launch flights to Syria as early as July, joining several other operators \u2014 like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/710af0e7-7446-4f9f-bfb9-d79e2a5bcf23\/cargo,-maritime,-and-startup-watch-updates-from-qatar-and-ksa\" style=\"\" rel=\"noopener\">Qatar Airways<\/a>, Turkish Airlines, and Royal Jordanian Airlines \u2014 who resumed flights to Syria following the fall of the Assad regime <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e9370be2-d3be-44e7-905d-e15d1fe87876\/efg-hermes-plans-to-quarterback-seven-ipos-on-tadawul-in-2025\" style=\"\" rel=\"noopener\">in December<\/a> and the removal of US sanctions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1b71cc69-f0d3-4ca1-b1f5-790013e84dc6\/the-kingdom-launches-global-tourism-platform-tourise\" style=\"\" rel=\"noopener\">earlier this month<\/a>. Rival UAE-based airline FlyDubai also said it plans to launch flight services to the country starting next month.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- <\/strong><strong>Adeer eyes <\/strong><strong>EGX listing after Nomu debut: <\/strong>Khobar-based property developer <a target=\"_blank\" href=\"https:\/\/www.adeer.com\/?fbclid=PAZXh0bgNhZW0CMTEAAab6NgGHSQKv-A2tMYWWIBW5B7haj-3wh3iKJq16LFrRYeXiZhhuFYLHdzQ_aem_19N0J--l3ksr__5O889JOw\" style=\"\" rel=\"noopener\">Adeer Real<\/a><a target=\"_blank\" href=\"https:\/\/www.adeer.com\/?fbclid=PAZXh0bgNhZW0CMTEAAab6NgGHSQKv-A2tMYWWIBW5B7haj-3wh3iKJq16LFrRYeXiZhhuFYLHdzQ_aem_19N0J--l3ksr__5O889JOw\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.adeer.com\/?fbclid=PAZXh0bgNhZW0CMTEAAab6NgGHSQKv-A2tMYWWIBW5B7haj-3wh3iKJq16LFrRYeXiZhhuFYLHdzQ_aem_19N0J--l3ksr__5O889JOw\" style=\"\" rel=\"noopener\">Estate<\/a> is eyeing an IPO on the Egyptian Stock Exchange (EGX) within the next five years, CEO Bassel El Serafy told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/2035729\/%D8%A3%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%B7%D8%B1%D8%AD-%D8%AC%D8%B2%D8%A1-%D9%85%D9%86-%D8%A3%D8%B3%D9%87%D9%85\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The firm, which <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-detail-wcm\/?newsId=8822&amp;locale=en\" style=\"\" rel=\"noopener\">rang the opening<\/a> bell on Tadawul\u2019s parallel market Nomu <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/67890b4c-c9bb-49be-8fe0-6727eff2321d\/al-khaldi-prices%253cmark%253e-nomu-ipo%253c%2Fmark%253e-at-sar-44-47-apiece-%2B-adeer-offering-nearly-7x-oversubscribed\" style=\"\" rel=\"noopener\">last<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/67890b4c-c9bb-49be-8fe0-6727eff2321d\/al-khaldi-prices%253cmark%253e-nomu-ipo%253c%2Fmark%253e-at-sar-44-47-apiece-%2B-adeer-offering-nearly-7x-oversubscribed\" style=\"\" rel=\"noopener\">week<\/a>, says it also plans to list a group of its subsidiaries on either the EGX\u2019s main market or the Nile Stock Exchange (Nilex) for small and mid-sized caps. No further details were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adeer has been active on both sides of the Red Sea: <\/strong>Adeer began procedures late last year to set up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0c3bd68-188f-4de9-a7f1-0e444921f13d\/ksa%25e2%2580%2599s%253cmark%253e-adeer%253c%2Fmark%253e-wants-to-set-up-a-real-estate-fund-in-egypt\" style=\"\" rel=\"noopener\">an Egyptian real estate investment fund<\/a> in partnership with Saudi fund manager Areeb Capital to invest in residential, commercial, and administrative units. The firm has also previously partnered with Egypt\u2019s Paragon and our friends at Hassan Allam for mixed-use development projects in East Cairo and with Melee Development for SAR 1 bn worth of projects here at home.<\/p>\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt5\"><\/a> <\/strong><strong>Opec+ <\/strong><strong>will accelerate oil production increments for the third month in a row, adding 411k <\/strong><strong>barrels per day (bbl \/ d) in July<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/pr-detail\/1360566-31-may-2025.html\" style=\"\" rel=\"noopener\">statement<\/a>. That\u2019s a three-month worth of supply increments that will be delivered all at once next month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The oil group once again cited healthy market fundamentals as the driver behind the <\/strong><strong>decision<\/strong>, adding it provides countries a new possibility to speed up overproduction compensation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone is on board, it seems: <\/strong>Russia, Algeria and Oman reportedly called for a pause in the production increases, citing concerns regarding the speed of unwinding cuts, unnamed delegates told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-31\/opec-agrees-on-third-oil-supply-surge-to-deepen-price-slump\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The big cuts drove down oil prices this year, hovering around the USD 65\/bbl level.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next meeting:<\/strong> Member countries agreed to meet again on 6 July to address production levels for the month of August.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Dwellings<\/strong><strong> occupied by Saudi<\/strong><strong> households reached 4.4 mn in 2024<\/strong>, up 2.7% from 2022, according to Gastat\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2521.pdf\" style=\"\" rel=\"noopener\">Housing Statistics Bulletin (pdf)<\/a>. These residential units represent 50.6% of total dwellings in the Kingdom \u2014 with 44.7% of them ranging from 150 to 299 sqm \u2014 housing an average of 4.9 individuals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Digging deeper: <\/strong>The most common dwelling type was apartments (45%), followed by villas (31%), traditional houses (12.4%), and floors (10.8%). Some 57% of homes had 4 to 6 rooms, while 30.9% had 4 or more bedrooms. They were mainly built with reinforced concrete (90%), with 35.1% of them being 10 to 19 years of age.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Saudi ownership without mortgages or loans ranked top with 1.6 mn dwellings<\/strong>, closely followed by rented dwellings (1.4 mn) and ownership with mortgages or loans (837.2k).<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Saudi S<\/strong><strong>MEs\u2019 commercial registrations rose <\/strong><strong>48% y-o-y <\/strong><strong>in 1Q 2025 <\/strong><strong>to 1.68 mn<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.monshaat.gov.sa\/sites\/default\/files\/2025-05\/SME%20Monitor%20Q1%202025%20-%20AR.pdf\" style=\"\" rel=\"noopener\">Monshaat\u2019s latest report (pdf)<\/a>. Riyadh was home to 39% of the new records, followed by Makkah with 17%, the Eastern Region with 16%, Qassim with 5.5%, and Aseer with 5%, while the remaining provinces accounted for 17.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>A total of <\/strong><strong>1.4 mn pilgrims have arrived in Saudi Arabia for Hajj as of Friday<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2331121\" style=\"\" rel=\"noopener\">SPA<\/a> reports, citing the General Directorate of Passports. Some 1.3\u202fmn pilgrims arrived by air, 65.2k by land, and 5.1k by sea.<\/p>\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Al Ittihad defeated Al <\/strong><strong>Qadsiah<\/strong><strong> 3-1 in the Saudi Cup final on Friday<\/strong>, securing the domestic double, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/ittihad_en\/status\/1928545642139296002\" style=\"\" rel=\"noopener\">post on X<\/a>. Karim Benzema scored <a target=\"_blank\" href=\"https:\/\/x.com\/ittihad_en\/status\/1928545642139296002\" style=\"\" rel=\"noopener\">two goals<\/a> in the Saudi Cup final, including the opening goal and a late stoppage-time winner, helping the team secure the victory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- M<\/strong><strong>a\u2019aden was named the Official Platinum partner of The Saudi Pro League (SPL) <\/strong><strong>through July 2030<\/strong>, following a long-term strategic partnership agreement aimed at boosting Maaden\u2019s reputation as a top employer in Saudi Arabia, according to a <a target=\"_blank\" href=\"https:\/\/www.maaden.com\/news-insights\/latest-news\/saudi-pro-league-announces-long-term-partnership-with-maaden\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership also includes developing community and talent programs.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hopes for an approaching ceasefire in Israel\u2019s relentless and indiscriminate assault on <\/strong><strong>Gaza became even more distant<\/strong>, after the US Special Envoy the Middle Easy Steve Witkoff attacked Hamas\u2019 amendments to a US-backed proposal as \u201ctotally unacceptable\u201d in a <a target=\"_blank\" href=\"https:\/\/x.com\/SE_MiddleEast\/status\/1928884154793603498\" style=\"\" rel=\"noopener\">post on X<\/a>. In addition to a 60-day truce, the exchange of 28 of the 58 hostages still held in Gaza for more than 1.2k Palestinian detainees, and the entry of humanitarian aid, Hamas is pushing for the inclusion of a road map to a permanent ceasefire and other amendments. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/gaza-aid-supplies-hit-by-looting-hamas-ceasefire-response-awaited-2025-05-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-war-news-31-05-2025-5fdab6573641771c564dfae1bcdeac45\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/05\/31\/world\/middleeast\/israel-gaza-hamas-ceasefire-proposal.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/913ac8cb-9001-47f6-a30b-b9836623d965\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/may\/31\/hamas-submits-response-to-us-led-gaza-ceasefire-proposal\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While over in the occupied West Bank, Israel blocked a planned visit to the West Bank <\/strong><strong>by a group of Arab foreign ministers,<\/strong> including Egypt, Saudi Arabia, Jordan, and Bahrain. An Israeli official called the delegation's meeting with the Palestinian Authority a \u201cprovocative move\u201d aimed at promoting Palestinian statehood. The Jordanian Foreign Ministry called out Israel for its \u201cclear breach of Israel's obligations as an occupying force.\u201d (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/05\/31\/world\/middleeast\/israel-arab-ministers-west-bank.html?searchResultPosition=1\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-blocks-ramallah-meeting-with-arab-ministers-israeli-official-says-2025-05-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FM Faisal bin Farhan was to participate in the delayed trip<\/strong>, an unnamed Saudi source reportedly told Reuters. It is not clear whether the meeting was related to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/51d68c91-d870-4de2-add1-bf58d9fabee4\/saudi,-jordanian,-egyptian-fms-meet-with-french-counterpart-in-paris-to-discuss-gaza\" style=\"\" rel=\"noopener\">Saudi-French efforts<\/a> to prepare for a UN-sponsored conference on the two-state solution scheduled for 17-20 June in New York.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And over in the business papers, US President Donald Trump is making the headlines <\/strong><strong>with yet another new tariff<\/strong> <strong>announcement<\/strong>, setting his sights on steel and aluminum imports with a planned 50% tariff starting 4 June. The doubling of the existing tariff will \u201csecure the steel industry\u201d and stop foreign competitors from \u201cgetting over the fence,\u201d Trump said. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b85586fe-5886-4c90-bc29-c3284413e0dc\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-30\/trump-to-raise-steel-tariffs-to-50-to-help-nippon-us-steel-deal?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/trade\/trump-is-praising-his-u-s-steel-deal-no-one-is-sure-what-it-means-a6cb15b5\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>)<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudi-smic.com\/\" style=\"\" rel=\"noopener\">Susta<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudi-smic.com\/\" style=\"\" rel=\"noopener\">inable Maritime Industry Conference<\/a><\/strong><strong> is scheduled to take place<\/strong><strong> between 3-4 <\/strong><strong>September at the Ritz-Carlton Hotel in Jeddah.<\/strong> The event will gather over 60 speakers and more than 3k participants to discuss decarbonization, digital transformation, and sustainable innovation in the maritime sector. Key topics include alternative fuels, smart port technologies, maritime circular economy, and capacity building.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/oil-watch\/\">oil watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97547\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/108985.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>The Luxury of Certainty<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97548\" 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=\"97548\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/aramco-to-issue-more-sukuk-this-year\/\">\r\n                            Aramco to issue more sukuk this year                        <\/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\/06\/01\/aramco-to-issue-more-sukuk-this-year\/\" 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 story also got ink from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-aramco-could-soon-issue-islamic-bonds-prospectus-shows-2025-05-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-29\/saudi-aramco-boss-will-keep-borrowing-as-oil-slump-cuts-cashflow\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> The company plans to increase borrowing to support growth and strengthen its balance sheet, a move aimed at offsetting the financial impact of lower oil prices, as current cashflow can\u2019t cover dividends, Aramco CEO Amin Nasser told Bloomberg. Despite net debt reaching a three-year high, Aramco\u2019s 1Q debt-to-equity ratio stands at 5.3%, well below the 14% industry average, with Nasser confirming plans to \u201ccontinue to tap into additional bond markets.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This follows Aramco\u2019s bond sale <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/89270bf2-1fef-4e0c-b78d-752f8e30f714\/aramco-raises-usd-5-bn-in-its-first-usd-denominated-bond-issuance-this-year\" style=\"\" rel=\"noopener\">last week<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/89270bf2-1fef-4e0c-b78d-752f8e30f714\/aramco-raises-usd-5-bn-in-its-first-usd-denominated-bond-issuance-this-year\" style=\"\" rel=\"noopener\"><\/a>, which raised USD 5 bn across three tranches under its global medium-term note program on the London Stock Exchange, with proceeds earmarked for general corporate purposes. The oil giant also raised USD 9 bn from debt markets last year, according to Bloomberg\u2019s tally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>This push for debt comes as the oil giant\u2019s 1Q net income posted a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f8f95ee1-3530-42c2-b734-8267500ec43a\/%253cmark%253earamco%253c%2Fmark%253e-sees-mixed-1q-results-as-performance-dividend-plunges\" style=\"\" rel=\"noopener\">4.6% y-o-y<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f8f95ee1-3530-42c2-b734-8267500ec43a\/%253cmark%253earamco%253c%2Fmark%253e-sees-mixed-1q-results-as-performance-dividend-plunges\" style=\"\" rel=\"noopener\">drop<\/a> due to economic uncertainty and increased crude supply, prompting an expected one-third cut in its dividend this year. Aramco was also said to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1b71cc69-f0d3-4ca1-b1f5-790013e84dc6\/the-kingdom-launches-global-tourism-platform-tourise#:~:text=Selling%20assets%20to%20free%20capital%3F\" style=\"\" rel=\"noopener\">weighing asset sales<\/a> to unlock capital amid plans for international expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The government heavily relies on Aramco\u2019s payouts, with oil revenues making up 62% of last year\u2019s state income. The IMF estimates the Kingdom needs oil prices above USD 90 a barrel to balance its budget, while Brent crude was around USD 64.4 a barrel on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS: <\/strong>Our friends at HSBC, along with Citi and JP Morgan are the arrangers of the sukuk program. The three banks will also serve as dealers, along with First Abu Dhabi Bank, Goldman Sachs, Morgan Stanley, SNB Capital, and Standard Chartered.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt\/\">debt<\/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\/oil-and-gas\/\">oil and gas<\/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=\"97550\" 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=\"97550\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ardara-launches-lifestyle-hub-al-wadi-amid-aseer-investment-push\/\">\r\n                            Ardara launches lifestyle hub Al Wadi amid Aseer investment push                        <\/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\/06\/01\/ardara-launches-lifestyle-hub-al-wadi-amid-aseer-investment-push\/\" 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 development is marketed as an integrated residential and tourism destination located in the downtown area, offering hotels, residences, retail space, and public amenities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The project is scheduled to be developed in phases, with the current phase including a 180-room five-star hotel, a 245-room four-star hotel, 40 luxury apartments, 42 branded villas, 62 high-end apartments, and 4.5k sqm of retail space, in addition to public amenities, <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/business\/5148100-ardara-unveils-details-first-lifestyle-community-alwadi-saudi-arabia%C2%A0\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reports. The development will also include 4.5k sqm of retail space, along with public areas such as walking and cycling paths and eco-friendly mobility options. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Ardara signed a series of agreements to develop upcoming phases, including separate MoUs with Sumou Holding to develop a mixed-use urban community, Sedco Capital to manage an investment fund, and Southern Province Cement Company to provide green cement. A letter of intent was also signed with Hilton to operate a Waldorf Astoria hotel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO FROM THE FORUM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Riyad Capital a<\/strong><strong>nd mdr Development launched the Shalalat Abha project at the Asee<\/strong><strong>r Investment Forum<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.riyadcapital.com\/press-releases?p_p_id=com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_mvcPath=\/display_article.jsp&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_articleId=6754312&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_shareURL=https:\/\/www.riyadcapital.com\/press-releases?p_p_id=com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_mvcPath=%2Fdisplay_article.jsp&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_articleId=6754312&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_backtoArticleURL=https%3A%2F%2Fwww.riyadcapital.com%2Fpress-releases%3Fp_p_id%3Dcom_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview%26_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_mvcPath%3D%252Fview.jsp%26_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_cur%3D1%26_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_delta%3D5&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_backtoArticleURL=https:\/\/www.riyadcapital.com\/press-releases?p_p_id=com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_mvcPath=%2Fview.jsp&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_cur=1&_com_rc_press_release_web_RcPressReleaseWebPortlet_INSTANCE_ybfw_delta=5\" style=\"\" rel=\"noopener\">press release<\/a>. The SAR 1 bn (USD 266.4 mn) premium real estate development \u2014 spanning over 1 mn sqm in east Abha \u2014 is Riyad Capital\u2019s first real project in the Kingdom\u2019s southern region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>Mdr will handle all the infrastructure works necessary to prepare the land for development as soon as 2Q 2025, with overall completion expected within two years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Aseer to get new hotel and mall:<\/strong> The Aseer Municipality signed a SAR 300 mn contract with <a target=\"_blank\" href=\"https:\/\/www.alothaiminvestment.com\/\" style=\"\" rel=\"noopener\">Al Othaim Investment<\/a> to build a hotel and shopping center in the region, as part of efforts to expand local housing and commercial facilities, according to its post on <a target=\"_blank\" href=\"https:\/\/x.com\/asirmunicipal\/status\/1927397485904806130\" style=\"\" rel=\"noopener\">X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>The Aseer Development Authority signed agreements with major Saudi banks<\/strong>, including Saudi National Bank, Al Rajhi Bank, Bank Albilad, and Banque Saudi Fransi, according to separate posts on X (<a target=\"_blank\" href=\"https:\/\/x.com\/asda_aseer\/status\/1927452310818496543\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/x.com\/asda_aseer\/status\/1927451702191399092\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/x.com\/asda_aseer\/status\/1927451545508986956\" style=\"\" rel=\"noopener\">here<\/a>, and <a target=\"_blank\" href=\"https:\/\/x.com\/asda_aseer\/status\/1927452570173214983\" style=\"\" rel=\"noopener\">here<\/a>). The partnerships aim to provide the sub-national government with financial solutions and banking services to support economic and investment projects in the province.<\/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\">LOOKING AHEAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More investments on the way?<\/strong> The Aseer region is working to attract new private investments worth SAR 15 bn to fuel its tourism industry, in addition to previous investments worth SAR 9 bn, aiming to transform the region into a year-around destination, Hashim Al Dabbagh, acting CEO of the Aseer Region Development Authority, told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financing-and-investment\/84596\/%D8%B9%D8%B3%D9%8A%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%AC%D8%B0%D8%A8-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%B3%D9%8A%D8%A7%D8%AD%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8-15-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%B1%D9%8A%D8%A7%D9%84\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New investments valued at SAR 4 bn were announced at the forum<\/strong>, adding to the SAR 5 bn already invested by private companies and the SAR 25 bn allocated through state-backed projects like Soudah Development and Qiddiya, Dabbagh pointed out.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About 8 mn tourists visited Aseer in 2024<\/strong>, and the region hopes to attract over 9 mn visitors annually by 2030, Tourism Minister Ahmed Al Khateeb said in a previous statement. To support this growth, Al Dabbagh said there\u2019s a plan that includes the development of 19k hotel rooms, with 4k new rooms expected soon.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/abha\/\">Abha<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-othaim-investment\/\">Al Othaim Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-rajhi-bank\/\">Al Rajhi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-national-bank-snb\/\">Saudi National Bank (SNB)<\/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=\"97552 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=\"97552\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/97552\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97552\" class=\"content-area-description single-story 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data-attachment-id=\"97554\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/first-saudi-sukuk-etf-goes-live-on-hong-kong-exchange\/21-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/21.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"21.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/21.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/21.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97553\" class=\"content-area-description single-story post-97553 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseam-ksa tag-exchange-traded-fund-etf tag-premia-bochk-saudi-arabia-government-sukuk-etf 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\/6\/.9471ae14-81eb-4c8e-8870-70be37e39e77.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi <\/strong><strong>Arabia\u2019s first investment-grade Sukuk <\/strong><strong>ETF debuts in Hong Kong:<\/strong> The physically replicated Premia BOCHK Saudi Government Sukuk ETF began trading this past Thursday, offering investors direct exposure to government-issued sukuk denominated in SAR or USD, <a target=\"_blank\" href=\"https:\/\/www.premia-partners.com\/\" style=\"\" rel=\"noopener\">Premia Partners<\/a> said in a post on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/premiapartners_cmfhk-hkex-cmfhk-activity-7333796450079776768-1A9D?utm_source=share&utm_medium=member_desktop&rcm=ACoAAD8II5EBnjT9C2vTwVGKNCUIfH3je67Sz-A\" style=\"\" rel=\"noopener\">LinkedIn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund carries a competitive annual total expense ratio (TER) of 0.35%<\/strong>, with the underlying sukuk carrying an A credit rating, reflecting low default risk. It tracks the iBoxx Tadawul Government & Agencies Sukuk Index \u2014 which includes only sukuk issued by the local government or its agencies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The launch comes as Hong Kong seeks to boost connectivity with the Kingdom and the <\/strong><strong>Middle East<\/strong>, HKEX CEO Bonnie Chan was quoted as saying by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-28\/hong-kong-saudi-bourses-seek-deeper-ties-to-spur-trading-volume\" style=\"\" rel=\"noopener\">Bloomberg<\/a> at Thursday\u2019s Capital Markets Forum, co-hosted by Tadawul.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead? <\/strong>Shariah-compliant sukuk and an REIT are among several products under review for cross-listing between Hong Kong and Riyadh, Hong Kong\u2019s Securities and Futures Commission Julia Leung was quoted as saying by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hong-kong-saudi-arabia-may-approve-more-cross-border-financial-products-2025-05-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cWe're very comfortable in the cross listing of whatever products,\u201d Leung added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISIORS- <\/strong>Our friends at HSBC will provide trustee, custody, and administration services for the ETF in Hong Kong and Saudi Arabia, while S&P Dow Jones Indices has licensed its iBoxx Tadawul Sukuk Index to Premia Partners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the latest of many Saudi and Chinese ETFs listed in Hong Kong, Shenzhen, <\/strong><strong>Shanghai, and Riyadh since 2023<\/strong>. Bank Albilad rolled out the SAR 4.49 bn CSOP MSCI Hong Kong China ETF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6a922a0c-c70a-4ba2-85bb-bcd1403bb75d#:~:text=Bank%20Albilad%E2%80%99s%20CSOP%20MSCI%20Hong%20Kong%20China%20ETF%20will%20start%20trading%20today%20on%20Tadawul.\" style=\"\" rel=\"noopener\">last October<\/a>, followed by the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8be3581a-d7d9-45fc-a1b9-6a4948f62468\/sab-invest%253cmark%253e-hang-seng-hong-kong-etf%253c%2Fmark%253e-hits-tadawul-today#:~:text=The%20Sab%20Invest%20Hang%20Seng%20Hong%20Kong%20ETF%20begins%20trading%20on%20Tadawul%E2%80%99s%20main%20market%20today\" style=\"\" rel=\"noopener\">Sab Invest Hang Seng Hong Kong ETF<\/a>. Both launches came a month after the Capital Market Authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1cf3f711-98fc-4a2d-84bd-56f08d4dd5f9\/capital-market-authority-clears-first%253cmark%253e-hong-kong%253c%2Fmark%253e-focused-etf-to-list-on-tadawul#:~:text=The%20Capital%20Market%20Authority%20has%20cleared%20Saudi%E2%80%99s%20first%20Hong%20Kong%2Dfocused%20ETF%20for%20listing%20on%20Tadawul\" style=\"\" rel=\"noopener\">approved<\/a> Saudi Arabia\u2019s first Hong Kong-focused ETF for listing on Tadawul \u2014 a move that mirrored Hong Kong\u2019s earlier decision to list a Saudi-focused ETF on the Hong Kong exchange <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d68a2eb6-2f0d-4eb4-a958-a4eb0595b96f\" style=\"\" rel=\"noopener\">in November 2023<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- ETFs tracking Saudi and Chinese shares have seen limited trading and minimal <\/strong><strong>capital influx,<\/strong> due to a \u201climited organic and natural demand for these products,\u201d said Bloomberg Intelligence Analyst Rebecca Sin. \u201cDespite their strong performance\u2026most [of] the assets under management seems to have come at inception with cornerstone investors,\u201d rather than drawing sustained interest from individual or mainstream institutional investors, Sin argued.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/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\/premia-bochk-saudi-arabia-government-sukuk-etf\/\">Premia BOCHK Saudi Arabia Government Sukuk ETF<\/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=\"97555\" 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=\"97555\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/tadawul-posts-biggest-monthly-loss-this-year-in-may\/\">\r\n                            Tadawul posts biggest monthly loss this year in May                        <\/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\/06\/01\/tadawul-posts-biggest-monthly-loss-this-year-in-may\/\" 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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TASI slipped 0.56% at Thursday\u2019s close, logging an 8.7% YTD decline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The index was on course to be the worst-performer in May among 92 equity <\/strong><strong>benchmarks tracked by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-28\/saudi-stocks-set-to-be-world-s-worst-in-may-after-oil-price-drop\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong> The drop comes amid slumping oil prices and growing investor jitters over the Kingdom\u2019s fiscal outlook and mega-projects spending.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Only 23 out of the 253 main market-listed companies traded in the green last month<\/strong>, according to Bloomberg data. Index heavyweights Al Rajhi Bank and Acwa Power were among the biggest drags, reflecting broad-based weakness across sectors, the business news service wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other heavyweights like Aramco and Sabic closed 1Q either in the red or with a drop in <\/strong><strong>net income<\/strong>. Saudi Aramco reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f8f95ee1-3530-42c2-b734-8267500ec43a\/%253cmark%253earamco%253c%2Fmark%253e-sees-mixed-1q-results-as-performance-dividend-plunges\" style=\"\" rel=\"noopener\">a 4.6% y-o-y drop in net income<\/a> to SAR 97.54 bn (USD 26 bn) in 1Q, while Saudi Basic Industries (Sabic) moved into the red, reporting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d00d920b-2996-467f-8f2a-2e07b3b6f57c\/%253cmark%253esabic%253c%2Fmark%253e-posts-sar-1.2-bn-loss-in-1q\" style=\"\" rel=\"noopener\">a net loss of SAR 1.2 bn<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some of this can be blamed <\/strong><strong>on falling<\/strong><strong> oil prices, <\/strong><strong>which have spent<\/strong><strong> most of the past two <\/strong><strong>months hovering around <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dcb2629a-acc1-4619-9eab-c26554a8e195\/is-opec%2B-trying-to-reclaim-shale-oil-market-share-from-the-us%3F\" style=\"\" rel=\"noopener\">USD 65<\/a><\/strong><strong> per barrel<\/strong>, well below what the Kingdom needs to balance its budget. Bloomberg Economics estimates the breakeven oil price for 1Q is USD 96 per barrel, rising to USD 113 mn when accounting for domestic PIF spending. That is its highest level since the launch of Vision 2030 in 2016, Bloomberg said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How we\u2019re faring against our peers:<\/strong> The bourse\u2019s fourth straight month in the red \u2014 its longest losing streak in over a decade \u2014 is a sharp contrast to the broader emerging markets index, which notched its best month in May since September, Bloomberg wrote. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pundits remain bullish on the long-term: <\/strong>\u201cOil prices are a headwind for [Saudi], and force the country to make capital allocation decisions that they wouldn\u2019t need to if oil prices were higher at around USD 100,\u201d Dominic Bokor-Ingram, a fund manager at Fiera Capital told the business information service. \u201cIt\u2019s too much of a risk to ignore the Saudi market for an emerging-market investor,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where TASI stands five months in:<\/strong> TASI started the year on a high note, closing up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1047fa2f-9d39-4afb-a146-c616c1d0321a\/tasi-starts-2025-strong-with-a-17.9%2525-monthly-gain-in-turnover%3B-real-estate-leads-growth-and-foreign-investments-surge\" style=\"\" rel=\"noopener\">3.2% in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1047fa2f-9d39-4afb-a146-c616c1d0321a\/tasi-starts-2025-strong-with-a-17.9%2525-monthly-gain-in-turnover%3B-real-estate-leads-growth-and-foreign-investments-surge\" style=\"\" rel=\"noopener\">January<\/a>, before giving up ground every month since, dropping <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae9b40c3-0fd5-43a4-b7fe-bb707e51336f\/foreign-investors-bullish-on-tadawul-in-february,-while-local-and-gcc-weighed-down-on-the-market\" style=\"\" rel=\"noopener\">2.4%<\/a> in February, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1801997\" style=\"\" rel=\"noopener\">0.7%<\/a> in March, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/65d94da6-fb76-4e8e-8ece-561d5fef2b8b\/tasi-logged-its-biggest-monthly-losses-this-year-in-april\" style=\"\" rel=\"noopener\">2.9%<\/a> in April.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97557\" 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=\"97557\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/hotel101-to-invest-usd-2-5-bn-to-expand-into-the-kingdom\/\">\r\n                            Hotel101 to invest USD 2.5 bn to expand into the Kingdom                        <\/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\/06\/01\/hotel101-to-invest-usd-2-5-bn-to-expand-into-the-kingdom\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n   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href=\"https:\/\/api.whatsapp.com\/send?text=Hotel101+to+invest+USD+2.5+bn+to+expand+into+the+Kingdom+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F06%2F01%2Fhotel101-to-invest-usd-2-5-bn-to-expand-into-the-kingdom%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\/06\/01\/hotel101-to-invest-usd-2-5-bn-to-expand-into-the-kingdom\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/19.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97558\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/hotel101-to-invest-usd-2-5-bn-to-expand-into-the-kingdom\/19-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/19.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"19.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/19.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/19.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97557\" class=\"content-area-description single-story post-97557 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-ksa tag-hospitality tag-investment-watch tag-tourism 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\/6\/.4d8e15b5-aefa-4e6f-b037-48accbbaa31d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Hotel101 to de<\/strong><strong>but in the Kingdom via USD 2.5 bn investment:<\/strong> Filipino hotel chain <a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=Hotel101+global&sca_esv=b5e030dce8bbb8a8&ei=r6g6aPfiCfLqhbIPkrq9eA&ved=0ahUKEwi39qqDkc2NAxVydUEAHRJdDw8Q4dUDCBA&uact=5&oq=Hotel101+global&gs_lp=Egxnd3Mtd2l6LXNlcnAiD0hvdGVsMTAxIGdsb2JhbDIFEAAYgAQyBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB5I4QxQnAJY6QpwAXgBkAEAmAGgAaAB3geqAQMwLje4AQPIAQD4AQGYAgigAv0HwgIKEAAYsAMY1gQYR8ICDhAAGIAEGLADGJIDGIoFwgIQEAAYgAQYsAMYQxjJAxiKBcICDRAAGIAEGLADGEMYigXCAhEQLhiABBjHARiYBRiZBRivAcICChAAGIAEGEMYigXCAgcQABiABBgKmAMAiAYBkAYMkgcDMS43oAfVMLIHAzAuN7gH9wfCBwUwLjUuM8gHGg&sclient=gws-wiz-serp\" style=\"\" rel=\"noopener\">Hotel101<\/a><a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=Hotel101+global&sca_esv=b5e030dce8bbb8a8&ei=r6g6aPfiCfLqhbIPkrq9eA&ved=0ahUKEwi39qqDkc2NAxVydUEAHRJdDw8Q4dUDCBA&uact=5&oq=Hotel101+global&gs_lp=Egxnd3Mtd2l6LXNlcnAiD0hvdGVsMTAxIGdsb2JhbDIFEAAYgAQyBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB5I4QxQnAJY6QpwAXgBkAEAmAGgAaAB3geqAQMwLje4AQPIAQD4AQGYAgigAv0HwgIKEAAYsAMY1gQYR8ICDhAAGIAEGLADGJIDGIoFwgIQEAAYgAQYsAMYQxjJAxiKBcICDRAAGIAEGLADGEMYigXCAhEQLhiABBjHARiYBRiZBRivAcICChAAGIAEGEMYigXCAgcQABiABBgKmAMAiAYBkAYMkgcDMS43oAfVMLIHAzAuN7gH9wfCBwUwLjUuM8gHGg&sclient=gws-wiz-serp\" style=\"\" rel=\"noopener\">Global<\/a> \u2014 a unit of <a target=\"_blank\" href=\"https:\/\/www.doubledragon.com.ph\/\" style=\"\" rel=\"noopener\">DoubleDragon<\/a> \u2014 partnered with Saudi investment firm <a target=\"_blank\" href=\"https:\/\/horizonsetup.com\/\" style=\"\" rel=\"noopener\">Horizon Group<\/a> to bring its brand to the kingdom, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/hotel101global\/status\/1927924895167778905\" style=\"\" rel=\"noopener\">statement on X<\/a> posted last Thursday. A joint venture between the two firms will work on developing up to 10k of Hotel101\u2019s signature standardized hotel rooms at a value of USD 2.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the hotels be launched?<\/strong> Hotel101 is eyeing five locations for a start, namely Madinah, Riyadh, Jeddah, Abha, and AlUla.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The travel and tourism sector is projected to contribute <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/589576b9-2869-464c-a103-a258da4498c7\/flyadeal-to-launch-flights-to-syria-as-early-as-july-%2B-reda-hazard-control-is-mulling-a-potential-sale#:~:text=The%20travel%20and%20tourism%20sector%20is%20projected%20to%20contribute%20SAR%20447.2%20bn%20(c.%20USD%20119.2%20bn)%20to%20the%20Kingdom%E2%80%99s%20GDP%20this%20year\" style=\"\" rel=\"noopener\">SAR 447.2 bn<\/a> (c. USD 119.2 bn) to the Kingdom\u2019s GDP this year. These projections align with the Tourism Ministry\u2019s plan to host <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4d43f6ce-8ecc-41b8-8135-0da085f9952c#:~:text=New%20day%2C%20new%20tourism%20target\" style=\"\" rel=\"noopener\">150 mn tourist trips<\/a> by 2030, with the target of seeing 80 mn domestic travelers and 70 mn international travelers by that year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tourism\/\">tourism<\/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=\"97559\" 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=\"97559\">\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\">EDUCATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/\">\r\n                            EFG Hermes's SEP partners with First School Management to launch GEMS-branded schools in KSA and Bahrain                        <\/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\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/\" 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\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/')\">\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\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/\">\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=EFG Hermes's SEP partners with First School Management to launch GEMS-branded schools in KSA and Bahrain&url=https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/\">\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\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/&title=EFG Hermes's SEP partners with First School Management to launch GEMS-branded schools in KSA and Bahrain\">\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=EFG+Hermes%27s+SEP+partners+with+First+School+Management+to+launch+GEMS-branded+schools+in+KSA+and+Bahrain+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F06%2F01%2Fefg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain%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\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/8.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97560\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/efg-hermess-sep-partners-with-first-school-management-to-launch-gems-branded-schools-in-ksa-and-bahrain\/8-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/8.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"8.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/8.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/8.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97559\" class=\"content-area-description single-story post-97559 post type-post status-publish format-standard has-post-thumbnail hentry category-education tag-education tag-efg-hermes tag-enterpriseam-ksa tag-gems 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\/6\/.fc113e6a-1a8b-4f89-b12c-3b55f8089898.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EFG Hermes-backed K-12 operator Spark Education Platform (SEP) is <\/strong><strong>expanding its <\/strong><strong>presence in the Gulf <\/strong>with a strategic partnership with GEMS Education's school advisory initiative First School Management (FSM) to launch GEMS-branded schools in Saudi Arabia and Bahrain, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2516.pdf\" style=\"\" rel=\"noopener\">a joint statement (pdf)<\/a>. This marks the first intellectual property agreement under FSM's global advisory initiative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> FSM will provide advisory and operational support to SEP, which currently operates four schools in Saudi Arabia with a total capacity exceeding 10k+ students and plans to expand to 20 schools with 20k enrolled students across the GCC over the next five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \"After our great success story in Egypt, I am honored to expand our partnership with First School Management into Saudi Arabia and Bahrain as key GCC markets with significant demand for new high-quality K-12 education capacities,\" Co-CEO of EFG Hermes Karim Moussa said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>SEP is backed by the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f9b09187-36fb-4618-bd96-fd3fb19162b1\/efg-hermes-launches-usd-300-mn,-saudi-focused-education-fund\" style=\"\" rel=\"noopener\">USD 300 mn Saudi Education Fund<\/a>, which was launched in November 2024 by our friends at EFG Hermes. SEF plans to deploy its capital over the next three years, with a primary focus on the Kingdom, alongside its ventures in the UAE and Bahrain.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gems\/\">GEMS<\/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=\"97561\" 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=\"97561\">\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\">BANKING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/\">\r\n                            Saudi banks report second-biggest quarterly growth in net income in the region in 1Q -Kamco                        <\/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\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/\" 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\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/')\">\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\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/\">\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=Saudi banks report second-biggest quarterly growth in net income in the region in 1Q -Kamco&url=https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/\">\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\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/&title=Saudi banks report second-biggest quarterly growth in net income in the region in 1Q -Kamco\">\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=Saudi+banks+report+second-biggest+quarterly+growth+in+net+income+in+the+region+in+1Q+-Kamco+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F06%2F01%2Fsaudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco%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\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/539.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97562\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/saudi-banks-report-second-biggest-quarterly-growth-in-net-income-in-the-region-in-1q-kamco\/539-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/539.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"539.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/539.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/539.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97561\" class=\"content-area-description single-story post-97561 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-banking tag-banks tag-economy tag-enterpriseam-ksa tag-gcc 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\/6\/.bb941b3d-9a98-4d2c-9ebd-89741cf25245.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Saudi-listed banks posted a quarterly increase of USD 338.4 mn in net income <\/strong><strong>during the quarter<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/15.pdf\" style=\"\" rel=\"noopener\">Kamco Invest\u2019s banking sector quarterly report (pdf)<\/a>. UAE-listed banks came on top, growing 11.8% (USD 639.6 mn), while Bahraini banks rounded out the top three with USD 72.6 mn in additional net income. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi banks saw customer deposits rise 4.8% q-o-q in 1Q, posting the third strongest <\/strong><strong>growth in deposits during the quarter<\/strong>, behind the UAE (6.7% at USD 903.8 bn, and Qatar (6.1% at USD 438.9 bn). Bahraini, Omani, and Kuwait banks announced a bit slower customer deposit growth throughout the three-month period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia remained the leader of credit growth in the GCC: <\/strong>The kingdom registered a 16.3% y-o-y growth in outstanding credit facilities, marking the strongest double-digit annual growth in the region. The UAE\u2019s credit growth in February 2025 showed a larger y-o-y growth of 24.1%, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Burgeoning lending growth in the region is a sign of \u201ca strong project pipeline<\/strong>, although aggregate contracts awarded during the quarter showed a y-o-y decline of 26.8% to reach USD 52.4 bn in 1Q-2025,\u201d the report said. Only the UAE and Kuwait recorded \u201chealth growth\u201d in the contracts awarded, while the rest of GCC countries posted declines during the quarter. Net loans posted a sequential growth of 4.1% during the quarter to reach USD 2.2 tn, the highest in 15 months, while gross loans grew 3.6%, Kamco said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC banking sector bottom-line growth held steady during the first quarter of 2025<\/strong>, rising by 7.1% q-o-q and 8.6% y-o-y to hit a new record high of USD 15.6 bn. \u201cThe increase came despite a decline in net interest income during the quarter and was mainly led by higher non-interest income, lower operating expenses as well as a sharp seasonal decline in impairments during the quarter,\u201d Kamco said. The drop in net interest income was triggered by rate cuts during the second half of 2024 \u201cwith aggregate yield on credit for the GCC banking sector falling by 5 bps to 4.16% in 1Q 2025 as compared to 4.21% in 4Q of 2024.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The GCC banking sector\u2019s aggregate topline also reached a new record high of USD 34.6 <\/strong><strong>bn during the quarter<\/strong> \u2014 though growth was the weakest in four quarters at 0.04%, according to the report. \u201cThe flattish growth was led by a decline in revenues reported by banks in Kuwait and Oman that almost fully offset the increase in revenues registered in other GCC countries,\u201d the report said. Qatari banks saw the biggest increase in revenues with an increase of 2.1% q-oq, followed by Saudi at 1.6%, and UAE at 0.6%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total customer deposits reported by listed GCC banks hit a new record high of USD 2.65 <\/strong><strong>tn by the end of 1Q<\/strong>, marking 5.1% q-o-q growth, while y-o-y growth came in at 9.9%. \u201cThis was one of the biggest quarterly growths recorded in the GCC and was most likely led by volatility in financial markets that led to an increase in flows towards regional banks deposits,\u201d according to the report.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/banking\/\">BANKING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/banks\/\">Banks<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gcc\/\">GCC<\/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=\"97563\" 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=\"97563\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/taawoni-raises-usd-1-6-mn-in-funding-round\/\">\r\n                            Taawoni raises USD 1.6 mn in 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 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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=Taawoni raises USD 1.6 mn in funding round&url=https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/taawoni-raises-usd-1-6-mn-in-funding-round\/\">\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\/06\/01\/taawoni-raises-usd-1-6-mn-in-funding-round\/&title=Taawoni raises USD 1.6 mn in funding round\">\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=Taawoni+raises+USD+1.6+mn+in+funding+round+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F06%2F01%2Ftaawoni-raises-usd-1-6-mn-in-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\/06\/01\/taawoni-raises-usd-1-6-mn-in-funding-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/301.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97564\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/taawoni-raises-usd-1-6-mn-in-funding-round\/301-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/301.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"301.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/301.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/301.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97563\" class=\"content-area-description single-story post-97563 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-edtech tag-enterpriseam-ksa tag-startup-watch 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\/6\/.2bb84263-dddd-4a39-86b5-bfb668f77646.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local ed<\/strong><strong>tech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/taawoni.com\" style=\"\" rel=\"noopener\">Taawoni<\/a><\/strong><strong> raised USD 1.6 mn in a funding <\/strong><strong>round led by <\/strong><strong>M Capital<\/strong>, the company said in a post on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/taawoni_taawoni-closes-16m-investment-round-led-activity-7333796781828341761--aVq?utm_source=share&utm_medium=member_desktop&rcm=ACoAADKzrWYB_Vh_KTSGtQ4AAAAhQQSbfVysFkc\" style=\"\" rel=\"noopener\">LinkedIn<\/a> on Friday.<\/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 be used to fast-track Taawoni\u2019s growth and geographic expansion, as well as enhance its AI-powered professional development platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Taawoni: <\/strong>Founded in 2021 by Aliyah Alghubayn (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/aliyah-alghubayn-4114b827a\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the startup connects universities with private and public sector organizations by automating cooperative training programs. To date, Taawoni has facilitated training for 68k individuals through partnerships with over 800 companies and 14 universities, according to figures published on its website.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/edtech\/\">Edtech<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97565\" 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=\"97565\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/\">\r\n                            UCIC\u2019s 1Q net income drops 46% y-o-y to SAR 18.7 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UCIC\u2019s 1Q net income drops 46% y-o-y to SAR 18.7 mn&url=https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/&title=UCIC\u2019s 1Q net income drops 46% y-o-y to SAR 18.7 mn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UCIC%E2%80%99s+1Q+net+income+drops+46%25+y-o-y+to+SAR+18.7+mn+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F06%2F01%2Fucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/965.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97566\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ucics-1q-net-income-drops-46-y-o-y-to-sar-18-7-mn\/965-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/965.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"965.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/965.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/965.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97565\" class=\"content-area-description single-story post-97565 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-ksa tag-united-carton-industries-company-ucic 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\/6\/.aaecfed2-0344-49b7-a95e-8ab0e6ff5fa9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>United Carto<\/strong><strong>n Industries (UCIC) saw its net income fall 46% y-o-y to<\/strong><strong> SAR 18.7 mn in 1Q <\/strong><strong>2025<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87791&anCat=1&cs=1323&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The decline was mainly attributed to higher raw material costs, especially paper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenue also slipped 1.6% y-o-y to SAR 349.8 mn<\/strong>, weighed down by lower selling prices in the corrugated segment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> UCIC shares <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3f626ba2-0121-45c3-8bc6-aaac59926c11\/\" style=\"\" rel=\"noopener\">dropped 1.5%<\/a> on their debut trading session to close at SAR 49.3 apiece, despite a solid order book that saw the institutional tranche 126x oversubscribed and the retail component 8.9x oversubscribed.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/united-carton-industries-company-ucic\/\">United Carton Industries Company (UCIC)<\/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=\"97567\" 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=\"97567\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/\">\r\n                            AlJomaih secures SAR 825 mn for Rabigh 2 plant                        <\/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\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/\" 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\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/')\">\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\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/\">\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=AlJomaih secures SAR 825 mn for Rabigh 2 plant&url=https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/\">\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\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/&title=AlJomaih secures SAR 825 mn for Rabigh 2 plant\">\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=AlJomaih+secures+SAR+825+mn+for+Rabigh+2+plant+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F06%2F01%2Faljomaih-secures-sar-825-mn-for-rabigh-2-plant%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\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2110.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97568\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/aljomaih-secures-sar-825-mn-for-rabigh-2-plant\/2110-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2110.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2110.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2110.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2110.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97567\" class=\"content-area-description single-story post-97567 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-commercial-bank tag-al-rajhi-bank tag-aljomaih-energy-and-water tag-also-on-our-radar tag-enterpriseam-ksa tag-saudi-power-procurement-company-sppc tag-the-local-content-and-government-procurement-authority-lcgpa 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\/6\/.fe810a06-1366-4af8-aa6f-7908137f71bd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>AlJomaih En<\/strong><strong>ergy and Water Company reached financial close for the 300 MW Rabigh<\/strong><strong> 2 <\/strong><strong>Solar Independent Power Plant with total financing of SAR 825 mn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2481.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Once operational, the facility is expected to power some 53k residential units. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The financiers:<\/strong> The project bagged funding from a consortium comprising Al Rajhi Bank, Abu Dhabi Commercial Bank, Sumitomo Mitsui Trust Bank, and DBS Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> TotalEnergies and AlJomaih <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e76ce735-02e7-4927-9c99-449470937196\/\" style=\"\" rel=\"noopener\">signed<\/a> a 25-year power purchase agreement with the Saudi Power Procurement Company (SPPC) for the 300 MW solar project during French President Emmanuel Macron\u2019s visit last December. This came after the consortium got <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/70c9a1e1-1da0-476e-8d6a-48d687de6cf3\/\" style=\"\" rel=\"noopener\">shortlisted<\/a> by the SPPC in October, as part of the fifth round of projects under KSA\u2019s National Renewable Energy Program.<\/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\">IPO WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local hospi<\/strong><strong>tal operator Specialized Medical Company (SMC) closed the institutional <\/strong><strong>book <\/strong><strong>for its IPO<\/strong>, after identifying an inconsistency across financial disclosures and securing the retrieval of SAR 200 mn (USD 53 mn) in recently paid dividends, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2522.pdf\" style=\"\" rel=\"noopener\">complimentary prospectus (pdf)<\/a>. The dividend reversal follows CMA regulation, with shareholders required to return the capital before 30 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>SMC has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/13f1b81b-4517-4d4d-b36d-a9d9a7698bb8\/smc-postpones-retail-subscription-period-to-mid-june\" style=\"\" rel=\"noopener\">postponed its retail IPO<\/a> subscription to 15-16 June, scheduling final share allocation for Tuesday, 24 June, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2158.pdf\" style=\"\" rel=\"noopener\">complimentary prospectus (pdf)<\/a>. Moreover, the private healthcare provider is offering a 30% stake in a secondary share sale, selling the institutional tranche sold out within hours <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d2475d37-638b-4536-a096-e4d6e360bc64\/smc-sets-ipo-price-range-at-sar-24-25-per-share\" style=\"\" rel=\"noopener\">last month<\/a> at the full price range of SAR 24\u201325 per share.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fipco eyes <\/strong><strong>ful<\/strong><strong>l takeover of Bina Holding: <\/strong>Tadawul-listed woven bag-maker <a target=\"_blank\" href=\"https:\/\/www.fipco.com.sa\/en\/\" style=\"\" rel=\"noopener\">Filing and<\/a><a target=\"_blank\" href=\"https:\/\/www.fipco.com.sa\/en\/\" style=\"\" rel=\"noopener\">Packing<\/a><a target=\"_blank\" href=\"https:\/\/www.fipco.com.sa\/en\/\" style=\"\" rel=\"noopener\">Materials Manufacturing<\/a> (Fipco) inked a non-binding MoU to acquire 100% of construction company <a target=\"_blank\" href=\"https:\/\/bina.com.sa\/\" style=\"\" rel=\"noopener\">Bina Industrial Investments Holding<\/a> \u2019s share capital, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87794&anCat=1&cs=2180&locale=en\" style=\"\" rel=\"noopener\">a filing<\/a> to the exchange.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement sets a 180-day window to complete due diligence<\/strong>, appoint a financial advisor, negotiate final terms, and line up regulatory approvals.<\/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\">LOCALIZATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local Content a<\/strong><strong>nd Government Procurement Authority (LCGPA) signed an<\/strong><strong> agreement <\/strong><strong>with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sntgulf.com\/eng\/main\/main.html\" style=\"\" rel=\"noopener\">SNT Gulf<\/a><\/strong><strong> to manufacture heat recovery systems locally<\/strong>, the authority said in a post on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/local-content-and-government-procurement-authority_aewaeaaepaezaerabraepaesaefaepaeqaer-activity-7333839918260981761-DyQn?utm_source=share&utm_medium=member_desktop&rcm=ACoAADKzrWYB_Vh_KTSGtQ4AAAAhQQSbfVysFkc\" style=\"\" rel=\"noopener\">LinkedIn<\/a>. The agreement \u2014 backed by the Energy Ministry \u2014 is expected to add SAR 2.6 bn to the economy and create over 250 jobs, aiming to improve power plant efficiency and build new supply chains in the energy sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The authority signed agreements with Al Yamamah Steel industries and the Arabian International Company for Steel Structure <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/59eddc43-1cad-4505-b2db-a88ccf717826\/tadweer-prepares-to-issue-carbon-credits#:~:text=Fresh%20agreements%20to%20localize%20wind%20energy%20steel%20towers\" style=\"\" rel=\"noopener\">last October<\/a> to localize the manufacturing of steel wind turbine towers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/abu-dhabi-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-rajhi-bank\/\">Al Rajhi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aljomaih-energy-and-water\/\">Aljomaih Energy and Water<\/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\/saudi-power-procurement-company-sppc\/\">Saudi Power Procurement Company (SPPC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/the-local-content-and-government-procurement-authority-lcgpa\/\">The Local Content and Government Procurement Authority (LCGPA)<\/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=\"97569\" 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=\"97569\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/ma-activity-surged-in-the-region-in-1q-2025\/\">\r\n                            M&amp;A activity surged in the region in 1Q 2025                        <\/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\/06\/01\/ma-activity-surged-in-the-region-in-1q-2025\/\" 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 UAE dominated the region\u2019s M&A league table as the top target country in 1Q with 63 transactions totaling USD 20.3 bn, followed by Kuwait (USD 2.3 bn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cross-border activity hit a five-year high in 1Q<\/strong>, driving the bulk of growth. M&As with companies based in different countries accounted for 81% of the region\u2019s total transaction value and 52% of volume across 117 plays in the first three months of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The value of domestic transactions hit USD 8.7 bn, up 5x y-o-y. <\/strong>Transactions in the technology sector accounted for 37% of total domestic M&As value, and 27% of their volume. G42\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/687f4e35-3585-46c7-9adc-a21f28150e5c\/e&-sells-stake-in%253cmark%253e-khazna%253c%2Fmark%253e,-while-mgx-buys-in\" style=\"\" rel=\"noopener\">USD 2.2 bn acquisition<\/a> of a 40% stake in Khazna Data Centers was the region\u2019s largest domestic M&A last quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quarter saw more M&A capital outflows than inflows: <\/strong>Outbound M&A activity hit USD 19.7 bn, representing 43% of total transaction value in the region. Saudi Arabia and the UAE alone made up 77% of outbound activity by volume and 94% by value. The UK was the region\u2019s top target country by dealcount in 1Q, while Canada and Peru led in outbound value, thanks to Adnoc and OMV\u2019s joint acquisition of Canada\u2019s Nova Chemicals for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/46ad08b5-3b9f-44ce-ab12-62c88fa77e81\/adnoc,-omv-want-to-acquire-mubadala%25e2%2580%2599s-nova-chemicals\" style=\"\" rel=\"noopener\">USD 6.3 bn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inbound M&A value clocked in at USD 17.6 bn last quarter<\/strong>, representing a 7x y-o-y increase.The UAE captured the bulk of inbound funds into the region, accounting for 53% of all inbound transactions and nearly all of the total value (99%) fueled by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">the USD 60 bn merger<\/a> of Adnoc and Austrian energy giant OMV\u2019s polyolefin businesses. Austria topped the investor chart, making up 94% of the UAE\u2019s total inbound value. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Keep an eye on these sectors: <\/strong>The MENA M&A pipeline looks strong for the rest of 2025, with more action expected in consumer, tech, and energy. And with AI set to shake up how value is created, it\u2019s expected that more investment will flow into the tech space, said Anil Menon, EY\u2019s head of M&A and Equity Capital Markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ANOTHER AREA THAT COULD SEE MORE CONSOLIDATION-<\/strong> <strong>The banking sector in the GCC<\/strong>, according to Fitch Ratings, which expects sustained lower oil prices and weaker global demand to put pressure on GCC bank operating environments, \u201cleading to weaker profitability and acting as a catalyst for M&A as banks seek to diversify their revenues and increase scale,\u201d the ratings agency said in a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/banks\/gcc-bank-consolidation-may-accelerate-due-to-lower-oil-prices-28-05-2025\" style=\"\" rel=\"noopener\">report<\/a>. Fitch argues that smaller banks may be on the M&A radar, citing their \u201cweaker franchises, and often higher funding costs and thinner capital buffers.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most GCC banking sectors are \u201coverbanked,\u201d <\/strong>with a big number of banks operating relative to population size \u2014 more than 150 banks operate across the region, half of which are domestic commercial banks. A lot of the banks have common shareholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While the majority of GCC bank M&As have been domestic, Fitch expects \u201ca gradual shift towards regional transactions<\/strong>, citing Kuwait Finance House\u2019s takeover of Ahli United Bank as an example. A few GCC banks have also expressed their interest in expanding beyond the region, but Fitch warns that this may entail additional risks, \u201cespecially for acquisitions in more macroeconomically volatile markets, such as Turkey and Egypt.\u201d<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,990<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -8.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,404<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: -7.0%)<\/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>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\">26,810<\/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: -14.8%)<\/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\">32,697<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +9.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,685<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,481<\/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: +6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 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\">5912<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.01% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8772<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +7.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5367<\/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: +9.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 62.78<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.45<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3315.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 104,677.30<\/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: +12.0%)<\/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>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\">913<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: 1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 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\">143.6<\/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: +5.5%)<\/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>VIX (Fear gauge)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">18.6<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.2% (YTD: +7.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 0.6% <strong>on Thursday <\/strong>on turnover of SAR 10.2 bn. The index is down 8.7% 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>Saudi Re (+9.3%), East Pipes (+7.8%), Arabian Drilling (+5.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>MCDC (-5.7%), Jabal Omar (-4.5%), Elm (-4.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 0.5% <strong>on Thursday <\/strong>on turnover of SAR 24.3 mn. The index is down 14.8% 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> Adeer (+10.4%), Rawasi (+9.7%), WSM (+9.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Bena (-8.2%), Ladun (-5.9%), Naseej Tech (-5.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Raydan F<\/strong><strong>ood Company\u2019s BoD pro<\/strong><strong>posed a two-step capital restructuring<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87768&anCat=1&cs=6012&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company will implement a 53.7% capital reduction to SAR 73.1 mn, canceling 8.5 mn shares (0.5 shares per owned share) to offset accumulated losses, followed by a capital increase of SAR 155 mn via a rights issue, raising the total capital to SAR 228.1 mn, representing 7.3 mn shares and increasing the number of total shares to 22.8 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pending approvals:<\/strong> Both the capital reduction and increase require approval from the Capital Market Authority, relevant regulatory authorities, and shareholders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Albilad Capital was tapped as financial advisor for the reduction and as financial advisor, lead manager, and underwriter for the rights issue.<\/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>Edarat Co<\/strong><strong>mmunic<\/strong><strong>ations and Information Technology will boost its capital by 100% to <\/strong><strong>SAR 50.4 mn via a bonus share issuance<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=87786&anCat=1&cs=9557&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The SAR 25.2 mn capital increase will be funded using retained earnings, with shareholders receiving one bonus share for each share owned. The new liquidity is earmarked for shoring up the company\u2019s capital base and supporting future business activities.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma\/\">M&amp;A<\/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=\"97571\" 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=\"97571\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/fm-faisal-bin-farhan-touches-down-in-damascus\/\">\r\n                            FM Faisal bin Farhan touches down in Damascus                        <\/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\/06\/01\/fm-faisal-bin-farhan-touches-down-in-damascus\/\" 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 visit is part of broader efforts to restore diplomatic and economic ties, Syria\u2019s state news agency <a target=\"_blank\" href=\"https:\/\/www.sana.sy\/?p=2226468\" style=\"\" rel=\"noopener\">Sana<\/a> said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda: <\/strong>Farhan said that conversations with President Al Sharaa focused on \u201cbilateral cooperation in various fields\u201d to consolidate and support economic development in Syria, while confirming the Kingdom\u2019s intention to subsidize Syrian state employees' salaries without stating a specific amount, <a target=\"_blank\" href=\"https:\/\/www.sana.sy\/?p=2226522\" style=\"\" rel=\"noopener\">Sana<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the Syrian side<\/strong>, Syrian Foreign Minister Asaad Al Shaibani stated that talks focused on economy, energy, and joint investment, as he hailed the Kingdom\u2019s efforts to help lift economic sanctions while emphasizing the \u201cpivotal role\u201d the Kingdom plays in the country\u2019s reconstruction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Upcoming Saudi business delegations will address investment and cooperation in the <\/strong><strong>energy<\/strong>, agriculture, trade, infrastructure, and IT sectors, Farhan added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The presidents of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2331172\" style=\"\" rel=\"noopener\">Maldives<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2331152\" style=\"\" rel=\"noopener\">Mauritania<\/a><\/strong><strong> arrived in Madinah <\/strong><strong>yesterday<\/strong> to visit the Prophet\u2019s Mosque and perform prayers, SPA reported.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-syria-relations\/\">Saudi-Syria 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=\"97573\" 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\/06\/01\/97573\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97573\" class=\"content-area-description single-story post-97573 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>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 style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 June (Sunday): Axelerated Solutions begins trading on the Nomu parallel market. <\/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>28-30 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fii-institute.org\/conference\/fii9-edition\" style=\"\">Future Investment Initiative (FII9)<\/a><\/span><span style=\"font-weight:400;\">, King Abdulaziz International Conference Center (KAICC) and the Ritz-Carlton, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>11-13 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tourise.com\/en\/home\" style=\"\">Tourise<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tourise.com\/en\/home\" style=\"\">Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.   <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>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>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>27-29 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/rx-announces-the-launch-of-aluminium-arabia-in-riyadh-for-2026-y7qwfljt\" style=\"\">Aluminum Arabia<\/a><\/span><span>, The Arena, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The World Water Forum <\/span><span style=\"font-weight:400;\">takes place in Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Ocean Race<\/span><span style=\"font-weight:400;\"> finishes in Amaala on the Red Sea.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Riyadh-Kudmi transmission line<\/span><span style=\"font-weight:400;\"> to be completed.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Ardara launches Al Wadi | Saudi sukuk ETF goes live in Hong Kong | Tadawul posts biggest monthly loss<\/p>\n","protected":false},"featured_media":97544,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-97543","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ae6686d8-84e6-4cd6-be52-e094100c68cc","teaser":"Ardara launches Al Wadi | Saudi sukuk ETF goes live in Hong Kong | Tadawul posts biggest monthly loss","photo_url":"https:\/\/ent.news\/2024\/5\/1900.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>Aramco to issue more sukuk this year - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/aramco-to-issue-more-sukuk-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aramco to issue more sukuk this year\" \/>\n<meta property=\"og:description\" content=\"Ardara launches Al Wadi | Saudi sukuk ETF goes live in Hong Kong | Tadawul posts biggest monthly loss\" \/>\n<meta property=\"og:url\" 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