{"id":102544,"date":"2025-11-18T00:00:00","date_gmt":"2025-11-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/18\/trump-backs-saudi-f-35-sale-as-crown-prince-heads-to-washington\/"},"modified":"2025-11-18T00:00:00","modified_gmt":"2025-11-18T00:00:00","slug":"trump-backs-saudi-f-35-sale-as-crown-prince-heads-to-washington","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/18\/trump-backs-saudi-f-35-sale-as-crown-prince-heads-to-washington\/","title":{"rendered":"Trump backs Saudi F-35 sale as Crown Prince heads to Washington"},"content":{"rendered":"

Good morning, wonderful people<\/strong>. The real estate sector is towering over today\u2019s issue, where we cover Cityscape Global\u2019s mega-sized announcements on the first day of its four-day run. The annual forum is set to unveil over SAR 160 bn in real estate investments and projects on its first and second day, Housing Minister Al Hogail confirmed in his opening remarks.<\/p>\n

ALSO- <\/strong>Arada snapped up an 80% stake in a major London housing project, and Dar Global is partnering with the Trump Organization on a new Trump-branded project in the Maldives with a digital twist.<\/p>\n

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<\/a> BUT FIRST- <\/strong>The international press is heating up with Crown <\/strong>Prince Mohammed <\/strong>bin<\/strong> Salman\u2019s ever-nearing trip to the White House.<\/strong> The Crown Prince is expected to land in the US this week to the full pomp of a state occasion<\/a> and a busy schedule with US President Donald Trump to discuss a Qatar-like defense pact<\/a>, F-35 fighter jet sales<\/a>, access to advanced AI chips, and civil nuclear cooperation. The two leaders are also expected to talk Gaza reconstruction, Palestinian statehood, and potential Saudi-Israeli normalization.<\/p>\n

Trump <\/strong>says he is ready<\/a><\/strong> to provide the Kingdom with \u201ca lot\u201d of the coveted <\/strong>F-35 fighter jets<\/strong>, speaking a day before the Crown Prince lands in Washington, \u201cWe\u2019ll be selling the F-35s,\u201d Trump told reporters in the Oval Office yesterday, adding that Saudis \u201cwant to buy them, they\u2019ve been a great ally.\u201d<\/p>\n

** We covered what to expect from the anticipated summit <\/strong>last week<\/a><\/strong>. Want to read more? Check out the coverage from Reuters<\/a>, Financial Times<\/a>, Bloomberg<\/a>, New York Times<\/a>, CNBC<\/a>, Associated Press<\/a>, Wall Street Journal<\/a>.<\/p>\n

HAPPENING TODAY-<\/p>\n

The subscription window for <\/strong>Almasar Education\u2019s IPO on Tadawul\u2019s main market opens<\/strong> today<\/strong>, Tadawul said on X<\/a> yesterday. Retail investors will have until Thursday, 20 November to apply for up to 250k shares each. Final allocations will take place on Wednesday, 26 November.<\/p>\n

REFRESHER- <\/strong>The IPO was priced at the top of the indicative range at SAR 19.5 per share<\/a>, after the institutional tranche closed 102.9x oversubscribed, drawing orders totaling SAR 61.6 bn. The pricing will see the firm raise some SAR 599 mn, valuing it at roughly SAR 2 bn at listing, according to our calculations. <\/p>\n

WEATHER<\/strong>-<\/strong> Misty skies are over the Eastern Region with patches of dense fog reducing <\/strong>visibility at times.<\/strong> Heavy clouds are forecast for along parts of Hail, while moderate to light rain showers are forecast for parts in Hail, Makkah, Madinah, Al Baha, Al Qassim, Asir, Al Jouf, Tabuk, Jazan and the Northern Borders Province.<\/p>\n