{"id":92590,"date":"2024-12-17T00:00:00","date_gmt":"2024-12-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/17\/saudia-topped-the-global-on-time-performance-tracker-in-november\/"},"modified":"2024-12-17T00:00:00","modified_gmt":"2024-12-17T00:00:00","slug":"saudia-topped-the-global-on-time-performance-tracker-in-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/17\/saudia-topped-the-global-on-time-performance-tracker-in-november\/","title":{"rendered":"Saudia topped the global on-time performance tracker in November"},"content":{"rendered":"

id: 2024-12-17-03:33:44:666t<\/p>\n

Good morning, wonderful people.<\/strong> We have a meaty hump day issue for you, led by a handful of new and developing IPO stories, as well as an update on expected investment cooperation between the Kingdom and Egypt. Let\u2019s jump right in. <\/p>\n

NOMU WATCH- <\/p>\n

<\/a> IPO WATCH- <\/strong>Balsm Alofoq<\/a> shares closed at SAR 78 apiece<\/a> on their first day of trading on Nomu yesterday, closing up 30% from its debut price. The Buraidah-based hospital operator took a 25% stake to Tadawul\u2019s parallel market. Trading in the first three days will be capped at \u00b130%, after which the daily limit will be capped at \u00b110.<\/p>\n

ADVISORS-<\/strong> Yaqeen Capital acted as financial advisor and lead manager on the transaction.<\/p>\n

EVENTS HAPPENING THIS WEEK-<\/p>\n

It\u2019s the penultimate day of the <\/strong>International Forum for Saudi Reef<\/a><\/strong> taking place at the Intercontinental Al Ahsa, covering sustainable agriculture, rural entrepreneurship, and technology in farming. <\/p>\n

AND- It\u2019s day three of five of the UN\u2019s <\/strong>Internet Governance Forum<\/a><\/strong> in Riyadh. <\/p>\n

<\/a> MEANWHILE- The two-day <\/strong>Impact Makers Forum (ImpaQ)<\/a><\/strong> is set to open its doors <\/strong>tomorrow<\/strong>, bringing together media influencers, industry experts, and digital content creators in Riyadh\u2019s Mayadeen Hall.<\/p>\n

<\/a> ALSO- The two-day <\/strong>Forbes Middle East\u2019s Women\u2019s Summit<\/a><\/strong> will take place <\/strong>tomorrow<\/strong>at the Riyadh International Convention and Exhibition Center. <\/p>\n

An all-star speakers lineup: <\/strong>Confirmed speakers include Princess Lamia Bint Majed Saud Al Saud, Princess Prof. Mashael Bint Mohammed Al Saud, Princess Doaa Bint Mohammed, and our friend Dalia Khorshid.<\/p>\n

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\u26a0\ufe0fWEATHER- Heads up: <\/strong>If you're in Tabuk, Al-Jouf, the Northern Borders, Hail, or northern parts of the Eastern Region, get ready to bundle up \u2014 temperatures are set to fall between 0\u00b0C and -3\u00b0C overnight through Thursday, according to a warning from the National Center for Meteorology<\/a>. <\/p>\n

Riyad<\/strong>h will stay chilly today,<\/strong> reaching a high of 17\u00b0C and dropping to a brisk 4\u00b0C overnight. In Jeddah<\/strong>, temperatures will climb to 31\u00b0C before settling at 21\u00b0C later. Over in Madinah<\/strong>, partly cloudy skies are expected, with a daytime high of 25\u00b0C and a nighttime low of 11\u00b0C.<\/p>\n

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[wwtt1 KUDOS-<\/strong> Saudia claimed the first spot globally in the on-time performance (OTP) tracker in November, achieving an OTP of 89.9% across 16.3k tracked flights, according to Cirium\u2019s monthly report (pdf)<\/a>. King Khalid Airport came in fourth position with an OTP of 88.4%. Meanwhile, Flyadeal rose to second place in the low-cost carriers category, with a 90.5% OTP across 4.9k flights.<\/p>\n

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

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***<\/strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n

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Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on saudi@enterpriseAM.com<\/a>.<\/p>\n

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\n

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

It\u2019s a busy morning in the international pages<\/strong>, with a number of business and political headlines worth noting. <\/p>\n

US forces struck Isis targets in Syria<\/a><\/strong>, killing 12 in a precision air raid<\/strong> aimed at disrupting the group\u2019s resurgence. The strikes targeted \u201cformer Regime and Russian controlled areas ensuring pressure is maintained on Isis,\u201d the US Centcom said<\/a> following the attack. The Centcom vowed continued action to ensure Isis doesn\u2019t exploit current instability in Syria. (Financial Times<\/a> | AP<\/a>) <\/p>\n

OVER IN CANADA- Canada\u2019s Deputy Prime Minister and Finance Minister Chrystia <\/strong>Freeland abruptly resigned<\/strong> after clashes with Prime Minister Justin Trudeau over fiscal policy and US trade threats as president-elect Donald Trump prepares to step into the White House. Freeland\u2019s exit, framed by some as a \u201cleadership crisis\u201d leaves Trudeau politically vulnerable as his government faces lower approval ratings ahead of next year\u2019s elections. Her resignation follows the departure of several other key ministers, amplifying pressure on Trudeau to step down. Trudeau has tapped close friend Dominic LeBlanc to replace Freeland. (Reuters<\/a> | New York Times<\/a> | Financial Times<\/a> | AP<\/a> | The Economist<\/a> | Washington Post<\/a> | WSJ<\/a>) <\/p>\n

AND- Scholz loses confidence vote: <\/strong>German Chancellor Olaf Scholz lost a confidence vote in the country\u2019s parliament, putting the country on track for an early election next February. The vote follows the collapse of his coalition government after a fallout with his former finance minister. The country is now bracing for months of political uncertainty as campaigning intensifies, with the Friedrich Merz led conservative CDU leading the polls. (CNBC<\/a> | Reuters<\/a> | The Guardian<\/a> | The Washington Post<\/a> | France 24<\/a> | Bloomberg<\/a>)<\/p>\n

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CIRCLE YOUR CALENDAR-<\/p>\n

#1- The three-day <\/strong>Future Minerals Forum<\/a><\/strong> kicks off on 14 January at Riyadh\u2019s King <\/strong>Abdulaziz International Conference Center.<\/strong><\/p>\n

#2- The three-day <\/strong>Future Hospitality Forum<\/a><\/strong> opens its doors 11 May at the Mandarin <\/strong>Oriental Al Faisaliah<\/strong>, Riyadh. <\/p>\n

#3- The three-day <\/strong>Real Estate Future Forum<\/a><\/strong> kicks off on 27 January at the Four Seasons<\/strong>, Riyadh. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: The share price of Balsm Alofoq closed at SAR 78 apiece on the first trading day yesterday<\/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":[3552,10,2766,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92590","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-balsm-alofoq","tag-enterpriseam-ksa","tag-saudia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c49b9078-f114-46e7-a9a3-b1f24f10c4cc","order":"2","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Saudia topped the global on-time performance tracker in November","related_issue":[92588],"teaser":"PLUS: The share price of Balsm Alofoq closed at SAR 78 apiece on the first trading day yesterday","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.00452777-40c9-4448-b5ac-bcb88fa0338f.mp3"},"yoast_head":"\nSaudia topped the global on-time performance tracker in November - 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