{"id":89367,"date":"2024-09-05T00:00:00","date_gmt":"2024-09-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/05\/tabby-targets-2025-2026-window-for-saudi-ipo\/"},"modified":"2024-09-05T00:00:00","modified_gmt":"2024-09-05T00:00:00","slug":"tabby-targets-2025-2026-window-for-saudi-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/05\/tabby-targets-2025-2026-window-for-saudi-ipo\/","title":{"rendered":"Tabby targets 2025-2026 window for Saudi IPO"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning and happy THURSDAY, ladies and gentlemen.<\/strong> We\u2019re rounding out the week with a reasonably busy issue this morning, leading with the IMF\u2019s staff report on the Saudi economy following its annual Article IV consultations. <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi Arabia Snooker Masters continues at the Green Halls in Riyadh<\/strong>, with match frames set to run until Saturday, 7 September, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2165389\" style=\"\" rel=\"noopener\">state news agency SPA reports<\/a>. The quarter-finals are scheduled for today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Riyadh\u2019s mercury will peak at 41\u00b0C, before dropping to a low of 28\u00b0C. Meanwhile, Jeddah will continue to see some rainfall, with a high of 39\u00b0C, and a low of 31\u00b0C.<\/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\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Tougher fines for food safety violations are up for public feedback: <\/strong>The Saudi Food and Drug Authority proposed tougher fines for violating food safety laws and put the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/382.pdf\" style=\"\" rel=\"noopener\">draft table of<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/382.pdf\" style=\"\" rel=\"noopener\">violations and penalties (pdf)<\/a> up for feedback on <a target=\"_blank\" href=\"https:\/\/istitlaa.ncc.gov.sa\/ar\/health\/sfda\/ViolationsPenaltiesClassificationFoodLaw\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Istitlaa<\/a>. The revisions aim to align penalties with the severity of violations, enhance enforcement efficiency, and support food safety objectives. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Penalties range from SAR 100k-1 mn<\/strong>, with the lower end of the range set for infractions such as using prohibited food packaging or misleading claims and advertisements related to food. The higher end of the range is reserved for selling unsafe products, with the highest penalty set for selling food with banned or toxic substances. <\/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\"><a id=\"wwtt1\"><\/a> <strong>#2- The Municipalities and Housing Ministry has suspended fees for commercial licenses<\/strong><strong> for <\/strong><strong>hotels, hotel apartments, <\/strong><strong>and residential resorts<\/strong>, in a bid to boost tourism growth and drum up investments, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2165653\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported. Investors are encouraged to use the <a target=\"_blank\" href=\"https:\/\/balady.gov.sa\/en\/services\" style=\"\" rel=\"noopener\">Balady<\/a> platform for licensing.<\/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>IPO WATCH #1- BNPL platform <\/strong><strong>Tabby plans to IPO in Saudi in 2025 or 2026<\/strong>, General Manager Abdulaziz Saja told <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1752602\" style=\"\" rel=\"noopener\">Argaam<\/a>. Tabby has yet to specify whether it will list on Tadawul\u2019s main market or Nomu, and the size of the stake it plans to take to market. Tabby plans to relocate its headquarters to Saudi Arabia from the UAE ahead of the IPO, after having signed an agreement with the Investment Ministry <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1673318\" style=\"\" rel=\"noopener\">last year<\/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>IPO WATCH #2- Tamkeen HR\u2019s request to IPO has earned the green light from the Capital<\/strong> <strong>Market Authority<\/strong>, allowing it to list a 30% stake (equivalent to 7.95 mn shares) on Tadawul, according to <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/NEWS\/Pages\/CMA_N_3618.aspx\" style=\"\" rel=\"noopener\">a statement<\/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\"><strong>#3- <\/strong><strong>US <\/strong><strong>process management and automation platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nintex.com\/\" style=\"\" rel=\"noopener\">Nintex<\/a><\/strong><strong> opened a new office in<\/strong> <strong>Riyadh\u2019s central business district Al Olaya<\/strong>, with plans to scale up its investments in the country, according to a company <a target=\"_blank\" href=\"https:\/\/www.nintex.com\/blog\/nintex-announces-investments-in-saudi-arabia-including-new-office-in-riyadh\/\" style=\"\" rel=\"noopener\">statement<\/a>. Nintex plans to hire and build out its Saudi team with local talent. The company also plans to funnel more investments into its Nintex Automation K2 product offerings, a key product within the region. The investment ticket was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The General Authority of Civil Aviation (GACA) plans to<\/strong><strong> issue new licenses for private<\/strong><strong> airlines<\/strong><strong> in Saudi airports<\/strong>, GACA President Abdulaziz Al Duailej <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/04\/%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A7%D8%B5%D8%AF%D8%A7%D8%B1-%D8%AA%D8%B1%D8%A7%D8%AE%D9%8A%D8%B5-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D8%AE%D8%A7%D8%B5%D8%A9-%D8%A8%D8%A7%D9%84%D9%85%D8%B7%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">told Al Arabiya<\/a>. No further details were provided.<\/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\"> PROJECT UPDATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>We have a price tag for Saipem\u2019s EPC contracts awarded by <\/strong><strong>Aramco:<\/strong> Saudi Aramco awarded two contracts to Milan-based contractor Saipem for engineering, procurement, and construction works at Marjan oil and gas field, Zuluf oil field, and Safaniyah oil fields worth a combined USD 1 bn, according to <a target=\"_blank\" href=\"https:\/\/www.saipem.com\/en\/media\/press-releases\/2024-09-03\/saipem-awarded-two-offshore-contracts-saudi-arabia-worth\" style=\"\" rel=\"noopener\">a press release<\/a>. Sapiem\u2019s statement follows a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b0d0bfbb-ee68-4381-9488-e5fc7d1a171c\/%253cmark%253esaipem%253c%2Fmark%253e-lands-fresh-contract-from-aramco-for-the-marjan-oil-%2B-gas-field\" style=\"\" rel=\"noopener\">report by MEED last month<\/a> which had cited contract values between USD 2-2.5 bn.<\/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- More than 5.3 bn sqm in property deeds have<\/strong> <strong>been issued online through the Real<\/strong> <strong>Estate Market platform within a year of its launch<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.moj.gov.sa\/english\/MediaCenter\/News\/Pages\/NewsDetails.aspx?itemId=1062\" style=\"\" rel=\"noopener\">a Justice Ministry statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Kingdom secured USD 2.1 bn of the GCC's total USD 3.7 bn digital entertainment<\/strong> <strong>revenue in 2022<\/strong>, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/world\/gulf\/saudi\/saudi-arabia-leads-gcc-digital-entertainment-sector-video-game-market-surged-to-17b-in-2022-1.1725460562552\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports, citing ICT Ministry data. The kingdom's video game market alone generated USD 1.8 bn.<\/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\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Chilean defender Enzo Roco<\/strong><strong> has signed for Al Riyadh FC from second tier side Al Tai<\/strong>, <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9\/%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/5057338-%D8%A3%D9%86%D8%B2%D9%88-%D8%B1%D9%88%D9%83%D9%88-%D9%8A%D9%88%D9%82%D8%B9-%D9%84%D9%84%D8%B1%D9%8A%D8%A7%D8%B6-%D8%B5%D9%8A%D9%81%D8%A7%D9%8B-%D9%88%D9%8A%D9%85%D8%AB%D9%84%D9%87-%D8%B4%D8%AA%D8%A7%D8%A1%D9%8B\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reported citing statements by the club. However, Roco will not be registered with his new club until the winter transfer window.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Al Ittihad emerged as the fourth-highest net spending club globally in this summer\u2019s<\/strong><strong> transfer season<\/strong>, shelling out a total of EUR 114 mn, according to <a target=\"_blank\" href=\"https:\/\/www.transfermarkt.com\/man-united-5th-amp-bayern-munich-15th-highest-transfer-net-spends-this-summer\/view\/news\/443345\" style=\"\" rel=\"noopener\">Transfer Market<\/a>. The most expensive play of the season was signing French winger Moussa Diaby from Aston Villa for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3d60be53-b514-4a7d-a883-1eb921698a60\/it%25e2%2580%2599s-the-start-of-the-spl\" style=\"\" rel=\"noopener\">USD 60 mn<\/a>, <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9\/%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/5057296-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%83%D8%AB%D8%B1-%D8%A5%D9%86%D9%81%D8%A7%D9%82%D8%A7%D9%8B-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%8A%D8%B1%D9%83%D8%A7%D8%AA%D9%88-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%88%D8%AF%D9%8A%D8%A7%D8%A8%D9%8A-%D8%A7%D9%84%D8%A3%D8%BA%D9%84%D9%89\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reported. Meanwhile, Al-Nassr landed in the sixth spot, spending a total of USD 108 mn, with French defender Mohamed Simakan from Leipzig as their top signing at USD 45 mn.<\/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 the UAE, 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 Cenomi.<\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>With no one story dominating headlines in the business press this morning, we bring you <\/strong><strong>a smattering of news at the intersection of business and US politics<\/strong>, alongside a heads-up on OPEC\u2019s latest output hike deliberations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>White House may ax Nippon Steel\u2019s acquisition of US Steel<\/strong>, with Joe Biden reportedly close to blocking the Japanese company\u2019s USD 14.9 bn bid <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/us-steel-would-close-mills-move-headquarters-if-149-bln-nippon-deal-collapses-2024-09-04\/\" style=\"\" rel=\"noopener\">in light of<\/a> \u201cnational security concerns\u201d \u2014 a concern that many Washington insiders and experts in the field have <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b8427273-7ee7-48de-af1e-3a972e5a0fcf\" style=\"\" rel=\"noopener\">privately ridiculed<\/a>. Election year politics are truly glorious.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timing of the news is far from coincidental<\/strong>, with the move \u2014 which Trump and Harris also say they support \u2014 <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/09\/04\/us\/politics\/biden-us-steel-nippon.html\" style=\"\" rel=\"noopener\">understood<\/a> to be a pivot to unionized workers in the swing state of Pennsylvania concerned about the takeover ahead of the November election. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For Trump, it\u2019s not only his poll numbers that are slipping:<\/strong> Shares in the Republican nominee\u2019s Trump Media & Technology Group <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/sep\/04\/trump-media-djt-stock\" style=\"\" rel=\"noopener\">took a tumble<\/a> yesterday, wiping all the company\u2019s gains since January. Under a lock-up agreement, Trump is unable to sell his shares until the end of this month and has had to sit tight as his majority stake in the company has lost more than half its value since March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON WALL STREET\u2013 Nvidia\u2019s terrible Tuesday may not have been as bad as we told<\/strong>, as the AI chip goliath <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/nvidia-says-it-has-not-been-subpoenaed-by-justice-department?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">rejected<\/a> a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-03\/nvidia-gets-doj-subpoena-in-escalating-antitrust-investigation?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg report<\/a> saying that it had been subpoenaed in an antitrust probe being carried out by the US Department of Justice.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THE OIL MARKETS- OPEC+ is considering <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/opec-discusses-possible-delay-to-oil-output-hike-delegates-say?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">delaying<\/a><\/strong><strong> a planned 180k bpd output hike in <\/strong><strong>October<\/strong> after prices fell to their lowest level in a year on the back of weak economic growth and lackluster demand from China \u2014 the world\u2019s largest oil importer.<\/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\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EFG Hermes London Conference kicks off in less than a week: <\/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<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:\/\/www.spa.gov.sa\/en\/N2151772\" style=\"\" rel=\"noopener\">Crown Prince Camel Festival<\/a><\/strong><strong> runs until Tuesday, 10 September at the Taif Camel <\/strong><strong>Racing Track<\/strong>, featuring 610 rounds of racing and a purse of SAR 56 mn.<\/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:\/\/www.srmgacademybootcamp.com\/\" style=\"\" rel=\"noopener\">SRMG Academy\u2019s technology journalism course<\/a><\/strong><strong> will kick off in Riyadh on Sunday, 15<\/strong><strong> September. <\/strong>The five-day, TikTok-backed program will run until 19 September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fenaa Alawwal cultural center will kick off the contemporary art forum <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/C_GkQDxomPn\/?hl=en\" style=\"\" rel=\"noopener\">Muntada FAA<\/a><\/strong><strong> on<\/strong><strong> Sunday, 15 September<\/strong> at the Diplomatic Quarters in Riyadh. The forum runs until Thursday, 19 September.<\/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:\/\/www.smartcitiessaudiexpo.com\/\" style=\"\" rel=\"noopener\">Smart Cities Saudi Expo 2024<\/a><\/strong><strong> runs 24-26 September<\/strong> at the Riyadh International Convention & Exhibition Center.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/kbltcongress.com\/\" style=\"\" rel=\"noopener\">Kingdom Business and Luxury Travel Congress<\/a><\/strong><strong> will kick off on Wednesday,<\/strong><strong> 25 September<\/strong>, at the Crowne Plaza Riyadh RDC Hotel and Convention.<\/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:\/\/www.genglobal.org\/ewc\/news\/250-companies-are-one-step-closer-2024-entrepreneurship-world-cup\" style=\"\" rel=\"noopener\">Entrepreneurship World Cup<\/a><\/strong><strong> will be hosted in <\/strong><strong>Riyadh from 5-9 November<\/strong> at the Riyadh Front Exhibition & Conference Center. Organized by <a target=\"_blank\" href=\"https:\/\/www.monshaat.gov.sa\/ar\/node\/171207\" style=\"\" rel=\"noopener\">Monsha\u2019at<\/a> in partnership with Misk Foundation and the Global Entrepreneurship Network, the event will see 100 startups from around the world compete for a purse of up to USD 1 mn. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: New licenses for private airlines at Saudi airports soon<\/p>\n","protected":false},"author":1,"featured_media":89368,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","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":[93,10,8,725,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-enterpriseam-ksa","tag-sports","tag-tabby","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"ed6318f9-e257-4f72-9b1d-0b90f1d71e0e","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/7\/1196.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Tabby targets 2025-2026 window for Saudi IPO","related_issue":[89365],"teaser":"PLUS: New licenses for private airlines at Saudi airports soon","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.c2fccd7a-17dc-407f-9d35-3f0e02320272.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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