{"id":101550,"date":"2025-10-19T00:00:00","date_gmt":"2025-10-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/19\/pif-is-reportedly-among-investors-in-aramcos-jafurah-project\/"},"modified":"2025-10-19T00:00:00","modified_gmt":"2025-10-19T00:00:00","slug":"pif-is-reportedly-among-investors-in-aramcos-jafurah-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/19\/pif-is-reportedly-among-investors-in-aramcos-jafurah-project\/","title":{"rendered":"PIF is reportedly among investors in Aramco\u2019s Jafurah project"},"content":{"rendered":"

Good morning, wonderful people<\/strong>. The Kingdom\u2019s housing push took it all the way to China, where NHC signed framework agreements with Chinese companies to build over 24k units in Saudi, as Minister Al Hogail\u2019s visit paved the way for future projects. Meanwhile, the IPO scene is heating up with two upcoming listings on Tadawul\u2019s main and parallel markets, and reports of more companies tapping banks to get ready for 2026 listings. Let\u2019s dive in.<\/span><\/p>\n

HAPPENING TODAY-<\/p>\n

#1- <\/strong>The subscription period for Sahat Almajd Trading\u2019s IPO on Tadawul\u2019s <\/strong>parallel<\/strong> market Nomu kicks off today and runs until Thursday, 23 October<\/strong>, Tadawul said on X<\/a> on Thursday. Qualified investors can each subscribe for a minimum of 100 shares and a maximum of 1.97 mn shares over the five-day subscription window. The final allocation of shares is slated for 28 October, with the surplus set to be refunded on 30 October.<\/p>\n

REMEMBER- <\/strong>The Riyadh-based F&B player is floating 4.4 mn new shares \u2014 good for 11.1%<\/a>of its post-IPO capital<\/a> \u2014 in a primary offering priced at SAR 7 per share. The final offer will see the firm raise SAR 30.6 mn<\/a> in IPO proceeds, earmarked for expansion, implying a market cap of SAR 275.6 mn at listing.<\/p>\n

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#2- <\/strong>Saudi Rail International<\/a><\/strong> kicks off today at the <\/strong>Riyadh Front Exhibition and Conference <\/strong>Center<\/strong>. The two-day event brings together local and global players to explore the latest trends in the railway and transport industry, featuring more than 250 exhibiting brands and 200 speakers from around the world.<\/p>\n

WEATHER- Storm watch:<\/strong> Thunderstorms are set to rumble across Jazan and Asir today, bringing heavy downpours, hail, and gusty winds. Rain-laden clouds could also drift toward Al Baha and Makkah, where fog may roll in by dawn. Expect hazy skies and dust-lifting winds sweeping through Madinah, Al Jouf, the Northern Borders, the Eastern Region, Riyadh, Tabuk, and Najran.<\/p>\n