{"id":82277,"date":"2023-11-22T00:00:00","date_gmt":"2023-11-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/"},"modified":"2023-11-22T00:00:00","modified_gmt":"2023-11-22T00:00:00","slug":"dont-go-to-the-desert-when-its-raining-folks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/","title":{"rendered":"Don\u2019t go to the desert when it\u2019s raining, folks"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people, and welcome to Zero Issue #002 of EnterpriseAM KSA. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s an insane morning for capital markets in the Mideast<\/strong>, with plenty of IPO news in the Kingdom and beyond \u2014 and more than a handful of high-profile M&A involving listed companies:<\/p>\n<ul>\n<li>Leading regional broadcaster is <strong>MBC<\/strong> is going public on the Tadawul;<\/li>\n<li>The <strong>Nomu<\/strong> continues to build momentum for two closely watched parallel-market IPOs;<\/li>\n<li>We have M&A news from <strong>SABIC<\/strong>, <strong>Zain KSA<\/strong>, and <strong>the PIF\u2019s MMA<\/strong> fighting franchise.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And that\u2019s just in KSA. <\/strong>Over in the UAE, <strong>PureHealth<\/strong> says it will IPO in December, <strong>OSN+<\/strong> and <strong>Anghami<\/strong> are merging, and crypto miner <strong>Phoenix<\/strong> says its IPO was more than 33x oversubscribed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have coverage of events here in the Kingdom in this morning\u2019s news well<\/strong>, below, while the UAE news leads Planet Finance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PROGRAMMING NOTE- We\u2019re off tomorrow<\/strong> (Thursday, 23 November) and will be back in your inboxes on Monday morning. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** This is a zero issue of EnterpriseAM Saudi<\/strong> and has not been published or distributed to a wide audience. The sponsor logos above are not correct because we\u2019re still developing the new Saudi template.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Did you receive this as a forward?<\/strong> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Have a comment, criticism, or story tip? <\/strong>Hit up <a target=\"_blank\" href=\"mailto:patrick@enterprisemea.com\" style=\"\" rel=\"noopener\">patrick@enterprisemea.com<\/a>.<\/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\">\u2600\ufe0f<strong>WEATHER- <\/strong>Expect entirely seasonal weather today, with a <strong>high of 24\u00b0C in Riyadh<\/strong> (dipping to 14\u00b0C overnight). There\u2019s no rain today in <strong>Dammam<\/strong> (28\u00b0C \/ 17\u00b0C), while it\u2019s going to be a bit warmer in <strong>Mecca<\/strong> (33\u00b0C \/ 23\u00b0C) and <strong>Jeddah<\/strong> (33\u00b0C \/ 26\u00b0C) with not a cloud in the sky.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pro tip from Riyadh Civil Defense and the national weather center: Do not head out to the <\/strong><strong>desert if the forecast so much as hints at the possibility of rain.<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.my.gov.sa\/wps\/portal\/snp\/agencies\/agencyDetails\/AC040\/!ut\/p\/z0\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8zivQIsTAwdDQz9LQwNzQwCnS0tXPwMvYwNDAz0g1Pz9L30o_ArAppiVOTr7JuuH1WQWJKhm5mXlq8f4ehsYGKgX5DtHg4A39XO3w!!\/\" style=\"\" rel=\"noopener\">National Center for Meteorology<\/a> has <a target=\"_blank\" href=\"https:\/\/x.com\/NCMKSA\/status\/1726960027901296717?s=20\" style=\"\" rel=\"noopener\">taken to X<\/a> to warn citizens to exercise a high degree of caution as we look forward to winter rain. <a target=\"_blank\" href=\"https:\/\/998.gov.sa\/Ar\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Civil Defense<\/a> is urging people to be cautious, follow <a target=\"_blank\" href=\"https:\/\/998.gov.sa\/Ar\/Safety\/GSI\/Pages\/GeneralSaftyInstructions.aspx\" style=\"\" rel=\"noopener\">guidelines<\/a>, and avoid flood-prone areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>The Saudi Games are coming back <\/strong><strong>next week: <\/strong>A revamped second edition of the <a target=\"_blank\" href=\"https:\/\/saudigames.sa\/\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/saudigames.sa\/\" style=\"\" rel=\"noopener\">Games<\/a> gets underway on Sunday in Riyadh with a new youth division that include athletes under the age of 18. The event, which runs until Sunday, 10 December, includes 53 individual and team sports \u2014 six of Paralympic sports \u2014 making it <strong>the biggest sports event in the history of the Kingdom<\/strong>. You can book your tickets <a target=\"_blank\" href=\"https:\/\/tickets.saudigames.sa\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>We\u2019re also looking forward to Riyadh Laughs this weekend. <\/strong>It\u2019s too late to get tickets toMaz Jobrani\u2019s show on Thursday night at Boulevard Riyadh City\u2019s Muvi Cinema \u2014 it\u2019s already sold out. But tickets are still available for Dammam-born actor and comedian <strong>Ibrahim Al Hajjaj<\/strong>\u2019s show (<a target=\"_blank\" href=\"https:\/\/www.instagram.com\/barmz_alhajjaj\/?hl=en\" style=\"\" rel=\"noopener\">Instagram<\/a>) on Friday night. Doors open at 8:15pm AST. <strong>Shakir Sherif<\/strong> (<a target=\"_blank\" href=\"https:\/\/instagram.com\/shakirsharif?igshid=MzMyNGUyNmU2YQ==\" style=\"\" rel=\"noopener\">Instagram<\/a>) takes the stage at Boulevard on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A fresh slate of comedians will take to the stage <\/strong>at the end of next week \u2014 we\u2019ll have more for you then. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** <\/strong><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/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>PSA- Don\u2019t put your kids online, says SDAIA.<\/strong>The Saudi Data and Artificial Intelligence Authority (SDAIA) has launched an awareness campaign with the aim of protecting children\u2019s personal data, the authority said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7132484328290222080\/\" style=\"\" rel=\"noopener\">Linkedin<\/a> post on Monday. Families are being advised against posting pictures of children online and sharing personal data such as names and home addresses on unfamiliar websites. The authority is also warning parents to regularly have a look at what the kids are storing on their devides. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong><a target=\"_blank\" href=\"https:\/\/www.cop28.com\/\" style=\"\" rel=\"noopener\">COP28<\/a><\/strong><strong> is only a week away<\/strong>, with global leaders in climate, policy, and business preparing for 13 days of intense negotiations in Dubai to save our planet from climate catastrophe. The gathering runs from 30 November to 12 December. Check in with our regional sister publication, <a target=\"_blank\" href=\"http:\/\/climate.enterprise.news\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a>, for wall-to-wall coverage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Just in time for COP: A hydrogen-powered truck. <\/strong><a target=\"_blank\" href=\"https:\/\/mlc.sa\/\" style=\"\" rel=\"noopener\">Almajdouie<\/a><a target=\"_blank\" href=\"https:\/\/mlc.sa\/\" style=\"\" rel=\"noopener\">Logistics<\/a>, <a target=\"_blank\" href=\"https:\/\/www.airproductsqudra.com\/\" style=\"\" rel=\"noopener\">Air Products Qudra<\/a> and the <a target=\"_blank\" href=\"https:\/\/tga.gov.sa\/News\/146\" style=\"\" rel=\"noopener\">Transport General Authority (TGA)<\/a> launched yesterday trial operations for Saudi Arabia\u2019s first hydrogen-powered truck, state-run news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2001561\" style=\"\" rel=\"noopener\">Saudi Press Agency<\/a> reports. The truck can cover more than 400 km with 35 kg of hydrogen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- We\u2019re also getting our first hydrogen-fueled train: <\/strong>National rail operator <a target=\"_blank\" href=\"https:\/\/www.sar.com.sa\/\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/www.sar.com.sa\/\" style=\"\" rel=\"noopener\">Arabia Railways (SAR)<\/a> \u2014 a subsidiary of the Public Investment Fund \u2014 landed a license <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N1998518\" style=\"\" rel=\"noopener\">last week<\/a> from the TGA to start trials of the first hydrogen-powered passenger train in the Middle East and Africa<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026AND H2 fueling stations: <\/strong>Saudi Railways has also signed an MoU with Air Products Qudra to build an undisclosed number of hydrogen fueling stations for trains on a build, own and operate basis, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/air-products-qudra-saudi-arabia-railways-sign-mou-to-develop-hydrogen-fueling-stations-for-trains-qyc5qta1\" style=\"\" rel=\"noopener\">Zawya<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- The finger-wagging west: <\/strong>Researchers in Melbourne, Australia, think Saudi should spend less time planting trees and that we should instead look to reduce our CO2 footprint \u201cby reducing emissions, not pledging [to plant] large areas of land,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/-unrealistic-land-pledges-weaken-us-saudi-arabia-climate-goals\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHO DOESN\u2019T LOVE A TRADE WAR?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>The General Authority for Foreign Trade is looking into allegations that China and Russia <\/strong><strong>are dumping SNF on Saudi Arabia. <\/strong>The investigation comes after complaints from industry players that foreign manufacturers are exporting sulfonated naphthalene formaldehyde (SNF) to KSA at below-market prices, state-run news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2001368\" style=\"\" rel=\"noopener\">SPA<\/a> announced yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Dumping allegations are typically raised when a commodity is sold in export markets at below-market prices thanks to either subsidies and \/ or a supply glut in the market of origin. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uh, Enterprise? What\u2019s SNF, anyway? SNF is a key additive to cement<\/strong> and, critically for countries like KSA and others in our region, it can be used to make construction more water-efficient by keeping the water-to-cement ratio in concrete low. It\u2019s most-often used in ready-mix concrete as well as precast and prestressed components for infrastructure projects and buildings. <strong>SNF is also used as a fluid in the drilling and metalworking industries <\/strong>and can be important to textile makers and in water treatment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORIES ABROAD-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The global business press is focused on three stories<\/strong> on this fine November morning:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1-<\/strong><strong>The Israeli government has agreed to a hostage swap with Hamas<\/strong> that will see a four-day pause in the fighting. At least 50 Israeli hostages will be released and some 150 Palestinian detained freed. The news is everywhere, from from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-government-debates-deal-release-gaza-hostages-truce-2023-11-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-22\/israel-approves-hostage-deal-pause-in-war-with-hamas?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a2798b87-8d2f-40cd-b87a-fdc1ae12c75f\" style=\"\" rel=\"noopener\">Financial Times<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/israel-hamas-war-gaza-strip-2023-11-21\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- We still have no clue who will lead OpenAI \u2014 or whether deposed CEO Sam Altman is <\/strong><strong>going to take <\/strong><strong>his team to Microsoft. <\/strong>But there are signs that OpenAI\u2019s board buckling \u2014 it\u2019s said to be in talks once more with Altman to bring him back. <strong><a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/21\/23971120\/the-negotiations-to-bring-sam-altman-back-to-openai-slowly-continue\" style=\"\" rel=\"noopener\">The Verge<\/a><\/strong><strong> reports that Altman prefers to return to OpenAI<\/strong>, and Microsoft boss Satya Nadella has pulled back a bit from public discussion of what\u2019s going on. Nearly all of the company\u2019s 700 employees have reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/edition?id=53bd6479-27a1-42f1-97ae-d2b1d7424f9b&prev=false\" style=\"\" rel=\"noopener\">threatened<\/a> to leave if Altman is not reinstated. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Follow the story throughout the day by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theverge.com\/\" style=\"\" rel=\"noopener\">dipping into the Verge\u2019s story stream<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to go deeper? <\/strong>Try <a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/microsoft-ceo-satya-nadella-on-the-openai-debacle\/id1643307527?i=1000635493343\" style=\"\" rel=\"noopener\">Kara Swisher\u2019s interview with Nadella<\/a> or the Vergecast\u2019s bid to <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/20\/23969876\/today-on-the-emergency-vergecast-what-in-the-world-is-happening-at-openai\" style=\"\" rel=\"noopener\">make<\/a><a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2023\/11\/20\/23969876\/today-on-the-emergency-vergecast-what-in-the-world-is-happening-at-openai\" style=\"\" rel=\"noopener\">sense of what\u2019s going on<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- This morning in corporate crime: The CEO of the world\u2019s largest crypto exchange has <\/strong><strong>pleaded guilty to money laundering. <\/strong>Binance CEO Changpeng Zhao (known as CZ in the crypto world) has stepped down and pleaded guilty to breaching anti-money laundering laws in the US in what was described by prosecutors as one of the heftiest corporate penalties in US history, according to statements from the <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy1925\" style=\"\" rel=\"noopener\">US Treasury<\/a> and <a target=\"_blank\" href=\"https:\/\/www.justice.gov\/opa\/pr\/binance-and-ceo-plead-guilty-federal-charges-4b-resolution\" style=\"\" rel=\"noopener\">Justice Department<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zhao will likely serve no more than 18 months in prison <\/strong>as part of a plea agreement, despite facing a sentence of up to 10 years.The news is everywhere this morning in the global business press: <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/us-authorities-set-unveil-settlement-with-binance-source-2023-11-21\/#:~:text=NEW%20YORK%2C%20Nov%2021%20(Reuters,exchange%2C%20prosecutors%20said%20on%20Tuesday.\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/binance-ceo-zhao-to-plead-guilty-in-us-settlement-wsj?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d10af983-1376-457f-9709-815e04ba59fb\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/binance-ceo-steps-crypto-platform-hit-4-billion-fines-rcna126071\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/currencies\/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Riyadh is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/saudi-egyptian-real-estate-investment-conference-launches-in-riyadh-j7eg0032\" style=\"\" rel=\"noopener\">hosting<\/a><\/strong><strong> a real estate investment conference talking up opportunities in <\/strong><strong>Egypt. <\/strong>Expect senior Saudi and Egyptian government officials to be on hand alongside leaders of the industry in both countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Also: A number of bold-name Saudi companies are in Cairo today <\/strong>for the <a target=\"_blank\" href=\"https:\/\/gcc-egyptbf.com\/en\/forum\/forum-program-1\" style=\"\" rel=\"noopener\">Egy-GCC<\/a><a target=\"_blank\" href=\"https:\/\/gcc-egyptbf.com\/en\/forum\/forum-program-1\" style=\"\" rel=\"noopener\">Business Forum<\/a>, which takes place today and tomorrow. Egyptian officials <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3aefmvzn\" style=\"\" rel=\"noopener\">said<\/a> they were shopping some 150 projects to Saudi investors at a meeting of the Egypt-Saudi Business Council in Cairo yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC+ member states are meeting on Sunday to discuss how the cartel of <\/strong><strong>oil-producing nations will respond to falling oil prices<\/strong> and how new economic realities could further stifle demand. There\u2019s talk of an additional cut of 1 mn barrels per day, according to industry insider chatter picked up by the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b2828be2-a3a7-4b3f-bb50-d816ee7162ca\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people, and welcome to Zero Issue #002 of EnterpriseAM KSA. It\u2019s an insane morning for capital markets in the Mideast, with plenty of IPO news in the Kingdom and beyond \u2014 and more than a handful of high-profile M&#038;A involving listed companies: Leading regional broadcaster is MBC is going public on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[399,400,10,397,396,398,395,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82277","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-china-saudi-relations","tag-egypt-saudi-relations","tag-enterpriseam-ksa","tag-foreign-trade","tag-riyadh-laughs","tag-russia-saudi-relations","tag-saudi-games","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"136e92a5-c7a0-4648-829a-af317320910b","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Don\u2019t go to the desert when it\u2019s raining, folks","related_issue":[82275],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.3ce71862-5de9-43a1-94ac-387544bfd612.mp3"},"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>Don\u2019t go to the desert when it\u2019s raining, folks - 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\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don\u2019t go to the desert when it\u2019s raining, folks\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and welcome to Zero Issue #002 of EnterpriseAM KSA. It\u2019s an insane morning for capital markets in the Mideast, with plenty of IPO news in the Kingdom and beyond \u2014 and more than a handful of high-profile M&amp;A involving listed companies: Leading regional broadcaster is MBC is going public on the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Don\u2019t go to the desert when it\u2019s raining, folks\",\"datePublished\":\"2023-11-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\"},\"wordCount\":1480,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"keywords\":[\"China-Saudi relations\",\"Egypt-Saudi relations\",\"EnterpriseAM KSA\",\"foreign trade\",\"Riyadh Laughs\",\"Russia-Saudi relations\",\"Saudi Games\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2023\/11\/22\/dont-go-to-the-desert-when-its-raining-folks\/\",\"name\":\"Don\u2019t go to the desert when it\u2019s raining, folks - 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