{"id":93944,"date":"2025-02-02T00:00:00","date_gmt":"2025-02-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/02\/almajal-alarabi-group-smc-hospitals-each-mull-tadawul-ipos\/"},"modified":"2025-02-02T00:00:00","modified_gmt":"2025-02-02T00:00:00","slug":"almajal-alarabi-group-smc-hospitals-each-mull-tadawul-ipos","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/02\/almajal-alarabi-group-smc-hospitals-each-mull-tadawul-ipos\/","title":{"rendered":"Almajal Alarabi Group + SMC Hospitals each mull Tadawul IPOs"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people<\/strong>. The new week comes with \u201cyuge\u201d news on both the local and international levels, as flash estimates put our 2024 GDP growth at 1.3%, while Fitch Ratings gave another A+ for the Kingdom. PLUS- Entaj is out with details on its upcoming Tadawul IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the international front, <\/strong>Trump is shaking up global trade as he delivers on his pledges to punish top US trading partners with hefty tariffs. Let\u2019s dive in.<\/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>WEATHER- <\/strong>Riyadh is expected to see a high of 19\u00b0C and a low of 10\u00b0C today, while Jeddah\u2019s mercury will go as high as 33\u00b0C and as low as 23\u00b0C. Makkah will see a 32\u00b0C high and 19\u00b0C low.<\/p>\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>The next round of e-i<\/strong><strong>nvoicing: <\/strong>Companies that recorded more than SAR 1.5 mn in revenues subject to VAT in 2022 or 2023 will need to integrate their e-invoicing solutions with Zatca\u2019s <a target=\"_blank\" href=\"https:\/\/fatooraonline.com\/\" style=\"\" rel=\"noopener\">Fatoora<\/a> platform by 31 October, according to a <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1345.aspx\" style=\"\" rel=\"noopener\">statement<\/a> from Zatca.This is the latest phase of an e-invoicing rollout that began in late 2021.<\/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><a id=\"wwtt1\"><\/a> <\/strong><strong>#1- Almajal Alarabi Group eyes goin<\/strong><strong>g public: <\/strong>Almajal Alarabi Group (Mag), a facilities management and construction firm, is reportedly weighing a public listing on Tadawul\u2019s main market, <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/markets\/2025\/01\/almajal-alarabi-considers-listing-on-saudi-arabias-tadawul\/\" style=\"\" rel=\"noopener\">AGBI<\/a> reports, citing people it says are familiar with the matter. The Riyadh-based company has tapped Riyadh Capital as its financial advisor for the potential IPO, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> This comes against a backdrop of a recent decision allowing foreign investors to invest in listed companies that have real estate assets in Mecca and Medina. As the company is deeply involved in facility management and infrastructure services, the policy change enables foreign investors to expand their reach in the holy cities. In addition, foreign investments in real estate projects across the two cities are expected to further fuel growth in real estate projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mag has been involved in landmark projects across the Kingdom<\/strong>, including the Two Holy Mosques, Riyadh Metro Line 1 and 2, PIF-owned Neom\u2019s green hydrogen ammonia tanks, and Diriyah North Gate, among others, according to its <a target=\"_blank\" href=\"https:\/\/mag-sa.com\/projects\/\" style=\"\" rel=\"noopener\">website<\/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>#2-<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.smc.com.sa\/Home\/Index\" style=\"\" rel=\"noopener\">SMC Hospitals<\/a><\/strong><strong> could <\/strong><strong>also opt for a Tadawul listing somewhere down the line <\/strong>as it remains open to exploring different routes to boost its capital, the company\u2019s CEO Bassam Chahine told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/01\/30\/-%D8%A7%D8%B3-%D8%A7%D9%85-%D8%B3%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%85%D9%86%D9%81%D8%AA%D8%AD%D9%88%D9%86-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D8%AF%D8%B1%D8%A7%D8%AC-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%A3%D8%B3%D9%87%D9%85-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>, without specifying a timeline for the potential move. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While SMC is currently focusing on expanding within Riyadh<\/strong>, future plans to expand outside the capital are also in the cards, Chahine said. The healthcare provider plans to open three new hospitals in Riyadh by 2030, bringing its total network of hospitals to five, Chahine revealed. This comes as demand for private healthcare services in Riyadh is on the up amid government-led urban expansion and population growth.<\/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><a id=\"wwtt2\"><\/a> #3- <\/strong><strong>A regional <\/strong><strong>Interpol office is <\/strong><strong>coming to the Kingdom:<\/strong> The International Criminal Police Organization (Interpol) landed a host country agreement with Saudi Arabia to set up a regional office for Mena in Riyadh, it said in a <a target=\"_blank\" href=\"https:\/\/www.interpol.int\/News-and-Events\/News\/2025\/New-INTERPOL-Regional-Bureau-for-the-Middle-East-and-North-Africa-moves-a-step-closer\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Saudi businesses landed 14 <\/strong><strong>agreements valued at SAR 200 mn at the Saudi National<\/strong><strong> Products Exhibition (SNP Expo2)<\/strong>, hosted in Kuwait, in addition to other MoUs, according to <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2253353\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. No details were provided on the nature or breakdown of the agreements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>The Saudi Agricult<\/strong><strong>ural Development Fund is expected to hand out SAR 7.4 bn (USD 2 bn)<\/strong><strong> in funding this year<\/strong>, up 2.8% y-o-y, the fund\u2019s spokesperson Habib Abdullah Al Shammari told <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/5107352-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D8%B1%D9%81%D8%B9-%D8%AD%D8%AC%D9%85-%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%87%D8%A7-%D8%A7%D9%84%D8%B2%D8%B1%D8%A7%D8%B9%D9%8A-%D8%A5%D9%84%D9%89-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D9%8A-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a>. The fund backs small farmers, beekeepers, and livestock breeders, among others in a bid to boost local food production.<\/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\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>Opec+ seems un<\/strong><strong>likely to change plans despite Trump\u2019s push: <\/strong>Opec+ is expected to maintain its gradual output increase plan despite US President Donald Trump\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8825b137-d657-4797-ac16-3c08930dc5d0\" style=\"\" rel=\"noopener\">calls<\/a> to boost production and lower oil prices to USD 60-70 per barrel, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-unlikely-change-output-policy-when-panel-meets-monday-sources-say-2025-01-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing delegates from the group. Four cartel delegates indicated no change, while two others were uncertain. Brent crude reached nearly USD 83 per barrel in January, driven by concerns over US sanctions on Russia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Opec+ has been withholding 5.9 mn bpd, or 5.7% of global supply, through a series of cuts since 2022 to support the market. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bcbe499a-5e67-420b-ae35-54ad983a4b36\/this-morning:-uk-prime-minister-lands-in-the-gcc-today\" style=\"\" rel=\"noopener\">latest extension of output cuts<\/a> through 1Q 2025 delayed production increases till April. The unwinding of 2.2 mn bpd in cuts, alongside an increase for the UAE, will begin in April with a monthly rise of 138k bpd, continuing until September 2026.<\/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\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A record 16 mn visito<\/strong><strong>rs have participated in <\/strong><strong>Riyadh Season 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/varieties\/5100363-riyadh-season-sets-new-record-over-16-million-visitors\" style=\"\" rel=\"noopener\">Asharq Alawsat<\/a> reports, citing Chairman of the General Entertainment Authority Turki Al Alshiekh. The event attracted local and international visitors with diverse offerings ranging from boxing and wrestling matches to concerts, fine dining, scenic gardens, and entertainment zones.<\/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><a id=\"wwtt4\"><\/a> #1-<\/strong> <strong>Al Nassr snagged 21-year-old Colombian forward Jhon Dur\u00e1n from Aston Villa for an <\/strong><strong>undisclosed fee,<\/strong> with reports estimating the agreement at EUR 77 mn plus add-ons, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/soccer\/al-nassr-sign-colombia-forward-duran-aston-villa-2025-01-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Dur\u00e1n was tapped to support Cristiano Ronaldo and Sadio Man\u00e9, bolstering the club\u2019s lineup for the second half of the season.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transfer is Villa\u2019s second-highest<\/strong> after Jack Grealish\u2019s GBP 100 mn move to Manchester City in 2021. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8825b137-d657-4797-ac16-3c08930dc5d0\/flynas-ipo-to-happen-this-year%3F-%2B-pif-backed-nesma-&-partners-is-mulling-going-public\" style=\"\" rel=\"noopener\">Earlier reports<\/a> had suggested Villa was holding onto Dur\u00e1n after extending his contract to 2030, unwilling to part with Dur\u00e1n for anything less than GBP 80 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brighton couldn\u2019t be enticed, though: <\/strong>The English club rejected Al Nassr\u2019s bid for Japanese forward Kaoru Mitoma, reportedly increased to EUR 73 mn after an initial EUR 65 mn bid was also turned down, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/athletic\/live-blogs\/transfer-news-live-updates-2025-jan-31\/vHjE3w0RExHO\/N5D0yYHWOZCq\/\" style=\"\" rel=\"noopener\">Athletic<\/a> said.<\/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>#2- Al Hilal also strikes out?<\/strong> Real Madrid reportedly rejected a EUR 300 mn offer from Al Hilal for its forward Rodrygo Goes, tapped to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a828d42c-c5cb-47af-8284-a80c347a43e1\/goodbye,%253cmark%253e-neymar%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">replace outgoing Neymar<\/a>, according to unconfirmed Spanish <a target=\"_blank\" href=\"https:\/\/x.com\/elchiringuitotv\/status\/1885125193799987572\" style=\"\" rel=\"noopener\">media reports<\/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>UFC Saudi Arabia results:<\/strong> Nassourdine Imavov defeated Israel Adesanya in a second-round TKO at the UFC Fight Night in Riyadh last night. Also on the main card: Michael Page defeated Shara Magomedov, Sergei Pavlovich defeated Jairzinho Rozenstruik, and Vinicius Oliveira defeated Said Nurmagomedov \u2014 all by unanimous decision. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the prelims:<\/strong> Muhammad Naimov defeated Kaan Ofli, Shamil Gaziev defeated Thomas Petersen, Terrance McKinney defeated Damir Hadzovic, Jasmine Jasudavicius defeated Mayra Bueno Silva, Bogdan Grad defeated Lucas Alexander, and Hamdy Abdelwahab defeated Jamal Pogues. The Ikram Aliskerov vs. Andre Muniz and Abdul Kareem Al Selwady vs. Bolaji Oki fights were canceled. <\/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 Saudi, 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 Tas\u2019heel.<\/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> <\/strong><strong>Trade wars begin: <\/strong>US President Donald Trump is once again dominating the conversation in the international press this morning, after delivering on his pledges to impose tariffs on top US trading partners yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump ordered 25% tariffs on Canadian and Mexican imports, and an additional 10% on imports from China <\/strong>as of Tuesday. Canadian energy products got a smaller duty at 10% in response to concerns of American refiners, while Mexican energy imports will be hit with the full 25%. Tariffs will be lifted when fentanyl and immigrants stop flowing into the US and \u201cthe crisis is alleviated,\u201d the White House said in a statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both Canada and Mexico vowed retaliatory tariffs<\/strong>, while Trump warned he will escalate tariffs in case of retaliation, and hinted at expanding them to include the EU, without specifying a timeline. The decision \u2014 affecting around USD 1.3 tn of imports \u2014 has sparked widespread fears of inflation spiralling out of control and businesses shutting down in the US and other countries. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-01\/trump-hits-china-canada-mexico-with-tariffs-to-open-trade-war\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/02\/01\/us\/trump-tariffs-news\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/01\/tariffs-trump-mexico-canada-china-imports-white-house.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- <\/strong>Hamas released three Israelis yesterday in exchange for 182 Palestinians, as the Gaza ceasefire agreement remains on track. This was the second exchange over the weekend, after Hamas exchanged three Israeli and five Thai nationals for 110 Palestinians on Thursday. The Rafah border crossing was also reopened for evacuating wounded Gazans from the strip for the first time since Israeli forces captured it nine months ago. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/cn4z119e5xxt\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-war-news-ceasefire-hostages-02-01-2025-bb560151db1437d0b35ac1d568457a46\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/world\/live-news\/israel-hamas-ceasefire-hostages-war-02-01-25\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/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>Proptech firms looking to participate in the experimental regulatory environment <\/strong><strong><a target=\"_blank\" href=\"https:\/\/rega.gov.sa\/prop-tech\/prop-tech-center\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D8%B8%D9%8A%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">must<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/rega.gov.sa\/prop-tech\/prop-tech-center\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D8%B8%D9%8A%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/rega.gov.sa\/prop-tech\/prop-tech-center\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D8%B8%D9%8A%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">register by 31 March<\/a><\/strong> for the Real Estate General Authority\u2019s Regulatory Sandbox Program. The program enables developers to test their proptech solutions in a controlled environment, in a bid to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b907c053-5e01-40dd-a0c5-69071eb70a6f\/neom%25e2%2580%2599s-the-line-to-begin-vertical-construction-by-year-end\" style=\"\" rel=\"noopener\">raise the number of proptech companies<\/a> it houses to 1.5k over the next five years, up from 270 firms currently.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Saudi businesses landed 14 agreements valued at SAR 200 mn at the Saudi National Products Exhibition<\/p>\n","protected":false},"author":1,"featured_media":93945,"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":[10,158,8,9,1277],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam-ksa","tag-opec","tag-sports","tag-what-were-tracking-today","tag-zakat-tax-and-customs-authority-zatca","wpautop","entry"],"acf":{"mongo_id":"3552e765-51f2-4e66-899e-e14cbb7d9be3","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/2\/42.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Almajal Alarabi Group + SMC Hospitals each mull Tadawul IPOs","related_issue":[93942],"teaser":"PLUS: Saudi businesses landed 14 agreements valued at SAR 200 mn at the Saudi National Products Exhibition","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.053758de-f598-4ff1-a401-2af88602c6f2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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