{"id":88805,"date":"2024-08-19T00:00:00","date_gmt":"2024-08-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/19\/asg-plastic-factory-shares-rise-11-5-on-nomu-debut\/"},"modified":"2024-08-19T00:00:00","modified_gmt":"2024-08-19T00:00:00","slug":"asg-plastic-factory-shares-rise-11-5-on-nomu-debut","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/19\/asg-plastic-factory-shares-rise-11-5-on-nomu-debut\/","title":{"rendered":"ASG Plastic Factory shares rise 11.5% on Nomu debut"},"content":{"rendered":"

Good morning, wonderful people.<\/strong> We hope you\u2019re having a smooth start to the week (and back-to-school season) so far, even as we face more thunderstorm warnings. It\u2019s a light issue today, with news from Planet Startups leading the way. <\/p>\n

\u26a0\ufe0f WEATHER WARNING- Thunderstorms are expected to impact various parts of the<\/strong> Kingdom through to Thursday<\/strong>, the General Directorate of Civil Defense said in a warning on X<\/a>. Makkah<\/a> is in for the most severe conditions, including heavy rainfall, flash floods, hail, and sandstorms. Meanwhile, Riyadh, Madinah, Baha<\/a>, Asir, and Jazan<\/a> are also forecasted to get varying degrees of rainfall.<\/p>\n

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<\/a> IPO WATCH- ASG Plastic Factory\u2019s shares closed up 11.5% in their <\/strong>first day of<\/a><\/strong>trading<\/a><\/strong> on Nomu yesterday<\/strong>, Tadawul said in a statement<\/a>. The plastics manufacturer\u2019s share price rose 11.5% to SAR 49.1 at yesterday\u2019s close<\/a>, up from the SAR 44 it had priced its shares in before ringing the bell on the exchange. <\/p>\n

HAPPENING TOMORROW- <\/p>\n

The Sports Ministry kicks off a <\/strong>three-day training course<\/a><\/strong> on volunteering and leadership<\/strong> skills<\/strong>, starting tomorrow at the Holiday Inn Tabuk. You can register here<\/a>.<\/p>\n

PSAs- <\/p>\n

<\/a> Jeddah University is banning students who don\u2019t adhere to the national dress<\/strong> code <\/strong>from accessing its campus<\/strong>, it said in a post on X.<\/a> Male students are required to show up in their thobe, shemagh, and agal, while women are required to put on abayas and a hair cover, as well as refrain from \u201cexaggerating\u201d their use of makeup and accessories. <\/p>\n

Is this a nationwide move?<\/strong> The policy is reportedly being implemented across all universities in the Kingdom, Gulf News<\/a> reports. EnterpriseAM Saudi was unable to confirm these reports. The Dubai-based news outlet also claimed last<\/a>week<\/a> that teachers had to abide by the same rule.<\/p>\n

<\/a> New Cairo-Arar air route:<\/strong> State-run airport operator Cluster 2 launched a new international flight route connecting Cairo to the Kingdom\u2019s Arar International Airport, with the first flight operated last Saturday, according to a LinkedIn post<\/a>. There\u2019s no publicly available information about the flight schedule of the new route and which airline is operating the flight. <\/p>\n

WATCH THIS SPACE-<\/p>\n

#1- Ahram Security eyes Saudi expansion:<\/strong> Egypt-based security systems manufacturer Ahram<\/a>Security Group<\/a> is looking to establish a new factory in Riyadh by 2025, with the company currently consulting with contracting firms to take care of the necessary studies ahead of launching the project, Al Arabiya<\/a> quotes Chairman Samir Aref as saying. The company may partner up with a local investor for the project, Aref said, adding that he expects the factory to begin operations in 2026.<\/p>\n

#2- <\/strong>Gov\u2019t issues tender for planned rehab center in Al Khobar: <\/strong>The Eastern Province Municipality is inviting bids for the development of a specialized addiction treatment hospital and psychological rehabilitation center in Al Khobar\u2019s Al Shifa neighborhood under a 25-year contract, it said in a post on X<\/a>. Prospective investors can submit their bids starting Tuesday, 22 October 2024, with a price tag of SAR 1.5k for obtaining the tender specification document. <\/p>\n

\n

SPORTS-<\/p>\n

<\/a> #1- Team Falcons is set to be crowned the <\/strong>2024 Esports World Cup club champions<\/a><\/strong> after a Saturday victory<\/strong> that will see it clinch the title and a USD 7 mn purse at Boulevard Riyadh City, Zawya<\/a> reports. The team secured their title with a significant lead. Their closest rival, Team Liquid from the Netherlands, missed out on next week's Tekken8 tournament, ending their championship hopes. Similarly, Team Vitality was eliminated from contention after failing to secure a victory in StarCraft II. The SEF Arena will host the grand finals of StarCraft II, EA Sports FC 24, and Call of Duty next Sunday, 25 August. <\/p>\n

#2- FROM THE RUMOR MILL- <\/strong>An unnamed Saudi football club has reportedly renewed its interest in Real Madrid\u2019s Eder Militao, but Los Blancos is set on retaining its center-back defender saying that it has no intention of negotiating a transfer, Forbes<\/a> reports, citing Brazilian outlet Uol<\/a>. This follows similar rejections by Vinicius Jr<\/a> and Richarlison<\/a> earlier this month.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

***
<\/strong>DID YOU KNOW that we also cover <\/strong>Egypt<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

Were you forwarded this email? <\/strong>Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday before 7am Riyadh time \u2014 without charge, thanks to our friends at Cenomi.
***<\/strong><\/p>\n

\n

THE BIG STORY ABROAD- <\/p>\n

The international press\u2019 attention is squarely split between US presidential elections and<\/strong> the latest on ceasefire talks between Israel and Hamas<\/strong>, with the US and key regional players lobbying for an agreement to bring an end to Israel\u2019s war in Gaza. <\/p>\n

US Secretary of State Antony Blinken landed in Israel overnight<\/strong>, where he is set to meet with Prime Minister Benjamin Netanyahu and other Israeli officials today to push for a ceasefire, amid concerns that both Hamas and Israel are undermining the probability of successfully reaching an agreement. Blinken will next be in Cairo tomorrow, where the US, Qatar, and Egypt will resume talks to broker a ceasefire and hostage agreement to end the war. <\/p>\n

The latest proposal from the US, Qatar, and Egypt includes a three-phase approach<\/strong>, starting with a temporary truce and a swap of hostages, and followed by eventually rebuilding Gaza. Netanyahu is reportedly on maintaining Israel\u2019s military presence on the Gaza-Egypt border, which remains a significant sticking point. (Reuters<\/a> | Bloomberg<\/a> | Washington Post<\/a> | New York Times<\/a> | BBC<\/a>)<\/p>\n

Over in the US of A:<\/strong> Vice President Kamala Harris gears up to formally accept her presidential nomination with Tim Walz as her running mate today at the 2024 Democratic National Convention in Chicago. The DNC will run through to this Thursday. The event will feature speeches from President Joe Biden, former presidents Barack Obama and Bill Clinton, former Secretary of State Hillary Clinton, and First Lady Jill Biden. Reuters<\/a> has a handy primer on the convention, while the Financial Times<\/a> is following the event with live coverage. The Associated Press<\/a> and NPR<\/a> also have more.<\/p>\n

PLUS-<\/strong> Markets have an eye on Wyoming, where global central bankers, economists and policymakers will gather at Jackson Hole for an annual meeting<\/a> of central bank officials from Thursday through Saturday. <\/p>\n

\n

CIRCLE YOUR CALENDAR-<\/p>\n

The EFG Hermes London Conference returns: <\/strong>EFG Hermes will hold its annual conference in London on 9-12 September, giving investors \u201cunique and unparalleled access to leading equities in MENA and key frontier emerging markets.\u201d <\/p>\n

The <\/strong>Crown Prince Camel Festival<\/a><\/strong> runs until Tuesday, 10 September at the Taif Camel <\/strong>Racing Track<\/strong>, featuring 610 rounds of racing and a purse of SAR 56 mn.<\/p>\n

The <\/strong>New Global Sport Conference 2024<\/a><\/strong> is happening on Saturday and Sunday, 24-25<\/strong> August<\/strong>, bringing t ogether top figures from sports, esports, gaming, entertainment, and technology. This year\u2019s theme is the Future of Fandom, highlighting fans\u2019 role in building brand equity and revenue. <\/p>\n

The eight-week <\/strong>Esports World Cup<\/a><\/strong> runs until Sunday, 25 August Riyadh\u2019s Boulevard<\/strong> City<\/strong>. The world\u2019s top esports clubs are competing for a pool of USD 60 mn \u2014 the largest purse in esports.<\/p>\n

The two-day <\/strong>Kingdom Business and Luxury Travel Congress<\/a><\/strong> will kick off on Wednesday,<\/strong> 25 September<\/strong>, at the Crowne Plaza Riyadh RDC Hotel and Convention.<\/p>\n","protected":false},"excerpt":{"rendered":"

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