{"id":95723,"date":"2025-04-06T00:00:00","date_gmt":"2025-04-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/06\/flynas-cleared-for-ipo-trump-to-visit-the-kingdom-in-may\/"},"modified":"2025-04-06T00:00:00","modified_gmt":"2025-04-06T00:00:00","slug":"flynas-cleared-for-ipo-trump-to-visit-the-kingdom-in-may","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/06\/flynas-cleared-for-ipo-trump-to-visit-the-kingdom-in-may\/","title":{"rendered":"Flynas cleared for IPO + Trump to visit the Kingdom in May?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful readers<\/strong>. We\u2019re back in your inbox after a long hiatus that we hope you enjoyed with family and friends. It was very eventful, too: Trump\u2019s \u201cliberation day\u201d saw tariffs imposed on all imports (including ours), and OPEC+ unexpectedly raised oil production more than three times originally planned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In this morning\u2019s news well, <\/strong>we delve into latest trade figures from Gastat, and sweeping real estate reforms that aim at opening up the sector for more private investments. We also have a flurry of last-minute 2024 earnings. Let\u2019s dive in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER-<\/strong> Riyadh is cloudy, while Makkah is expected to experience rain, and Madinah will see thunderstorms.<\/p>\n<ul>\n<li>Riyadh: 37\u00b0C daytime \/ 24\u00b0C overnight<\/li>\n<li>Makkah: 39\u00b0C daytime \/ 27\u00b0C overnight<\/li>\n<li>Madinah: 38\u00b0C daytime \/ 27\u00b0C overnight<\/li>\n<\/ul>\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EFG Hermes One on One kicks off tomorrow morning in Dubai. <\/strong>More than 200 companies from 29 countries attended last year\u2019s iteration, meeting with 670 fund and portfolio managers from 250 global institutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s difficult to imagine a more opportune time for an EM-focused equities conference <\/strong><strong>given the turmoil roiling markets<\/strong> as US President Donald Trump sets out to shake the foundations of the post-Second World War economic order. The gathering runs through Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Finance Minister Ahmed Kouchouk and CBE Deputy Governor Rami Aboulnaga are on <\/strong><strong>stage tomorrow morning<\/strong> for the headline panel, followed by a UAE-focused panel discussion and the gathering\u2019s customary EFG Hermes Live Research Poll. <strong>We\u2019ll have full coverage all week long.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to catch up for coffee during the One on One? <\/strong>Hit reply to this email and let\u2019s see if our schedules intersect.<\/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\"> 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>Flynas <\/strong><strong>cleared for IPO: <\/strong>Budget airline Flynas received approval from the Capital Market Authority (CMA) to proceed with an IPO that will see it offer 51.26 mn shares, representing a 30% stake, according to a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3778.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. A prospectus for the offering is yet to be published.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been expecting it: <\/strong>Plans to go public this year were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8825b137-d657-4797-ac16-3c08930dc5d0\/%253cmark%253eflynas%253c%2Fmark%253e-ipo-to-happen-this-year%3F-%2B-pif-backed-nesma-&-partners-is-mulling-going-public\" style=\"\" rel=\"noopener\">confirmed<\/a> by the Kingdom Holding Company\u2019s CEO Prince Al Waleed Bin Talal on the sidelines of the World Economic Forum. The airline had initially planned to make its market debut <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e299d7ad-c3f0-4533-bc3f-4dfb58ab2eb4\/\" style=\"\" rel=\"noopener\">last year<\/a>, having tapped Goldman Sachs, Morgan Stanley, and Saudi Fransi Capital for the offering in late 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The listing would be the Gulf's third airline IPO \u2014 and the first in nearly two decades \u2014 following UAE\u2019s Air Arabia and Kuwait\u2019s Jazeera Airways.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Flynas: <\/strong>The low-budget airliner is a private equity-backed company, operating over 1.5k weekly flights, servicing 139 routes to connect 30 countries with a 61-aircraft fleet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.smc.com.sa\/\" style=\"\" rel=\"noopener\">Specialize<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.smc.com.sa\/\" style=\"\" rel=\"noopener\">d Medical Company<\/a><\/strong><strong> received approval from the CMA to offer a 30% <\/strong><strong>stake <\/strong><strong>on Tadawul<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/NEWS\/Pages\/CMA_N_3774.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The hospital operator must complete the offering of some 75 mn shares within six months, pending the publication of a prospectus.<\/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> <\/strong><strong>US Presid<\/strong><strong>ent Donald Trump signaled he might be visiting Saudi Arabia as early as next <\/strong><strong>month<\/strong> during a presser at the Oval Office <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-03-31\/trump-confirms-saudi-arabia-uae-qatar-visit-video\" style=\"\" rel=\"noopener\">(watch, runtime: 3:41)<\/a>. Mid-May is pegged as the potential timeframe for the trip, four sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/trump-planning-visit-saudi-arabia-mid-may-axios-reports-2025-03-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda:<\/strong> The visit will focus on finalizing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/edd31d02-8412-4caf-b141-e64841bee518\/saudi-to-invest%253cmark%253e-usd%253c%2Fmark%253e-600-bn-in-the-us\" style=\"\" rel=\"noopener\">USD 1 tn<\/a> in Saudi investments in the US, discussing the Russia-Ukraine war and the Gaza conflict, and exploring an expansion of the Abraham Accords \u2014 though The Kingdom\u2019s involvement remains uncertain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Crown Prince Mohammed bin Salman had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/edd31d02-8412-4caf-b141-e64841bee518\/saudi-to-invest%253cmark%253e-usd%253c%2Fmark%253e-600-bn-in-the-us\" style=\"\" rel=\"noopener\">initially pledged<\/a> an additional USD 600 bn investment package to the US over the next four years. Trump, however, had his sights set on a larger figure of USD 1 tn.<\/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=\"wwtt3\"><\/a> Homegrown auto distributor Jameel Motors and China\u2019s Chongqing Changan Automobile <\/strong><strong>plan to enter the South African market later this year<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-31\/saudi-s-jameel-motors-and-changan-auto-plan-south-african-entry\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing statements from the two companies. The Abdul Latif Jameel Group subsidiary will invest ZAR 500 mn (USD 27.2 mn) to open 50 showrooms and offer Changan\u2019s SUVs, pick-ups, sedans, and Deepal electric vehicles to Africa\u2019s largest automotive market in 4Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi has growing interest in South Africa:<\/strong> Aramco is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b6ddea1f-f3db-4f29-a8b2-84d459407593\/aramco-eyes-shell%25e2%2580%2599s%253cmark%253e-south-africa%253c%2Fmark%253e-downstream-business\" style=\"\" rel=\"noopener\">among the bidders<\/a> for Shell\u2019s downstream assets, while Zahid Group is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2bd92fe7-43da-42f7-8580-e380a8dfee26\/%253cmark%253e%253c%2Fmark%253ezahid%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egroup%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253epursues%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enew%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etakeover%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etalks%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ewith%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esouth%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eafrica%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253es%253cmark%253e%253c%2Fmark%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ebarloworld%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e\" style=\"\" rel=\"noopener\">negotiating<\/a> to increase its stake in Barloworld.<\/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=\"wwtt4\"><\/a> Eight OPEC+ countries agreed to raise oil production more than three times <\/strong><strong>originally planned<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/pr-detail\/557-03-april-2025.html\" style=\"\" rel=\"noopener\">statement<\/a> from the group. The 411k barrels per day increase fast-tracks three months\u2019 worth of phased output hikes originally set to begin in April as part of the group\u2019s plan to gradually unwind 2.2 mn bbl\/d of voluntary cuts through September 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The group said the move reflects \u201chealthy market fundamentals<\/strong>\u201d and a more positive demand outlook \u2014 though it emphasized that the hikes \u201cmay be paused or reversed subject to evolving market conditions.\u201d The countries included Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale?<\/strong> The decision comes after Kazakhstan continued to report record figures at the oil pump and Iraq failed to comply with production cuts, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/seeking-punish-cheaters-saudi-arabia-pushes-opec-open-oil-taps-2025-04-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing three unnamed sources. During a video conference held on Thursday, Energy Minister Prince Abdulaziz bin Salman also cautioned that non-compliance with production targets will lead to further increments, calling the unexpected May rise an \u201caperitif,\u201d said another unnamed source to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-03\/opec-stuns-oil-market-with-policy-switch-to-drive-down-prices\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The news saw Brent continue to fall<\/strong> <strong>in the markets<\/strong>, reaching a four-year low and collapsing around 14% to reach USD 65.58 a barrel by the end of trading on Friday. Adding fuel to the fire was the US\u2019 imposition of blanket tariffs and the prospect of reciprocal tariffs from China, the EU, and other major trading partners.<\/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>PGA Tour tur<\/strong><strong>ned down a USD 1.5 bn investment by the Public Investment Fund (PIF) into <\/strong><strong>its for-profit entity PGA Tour Enterprises<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.espn.com\/golf\/story\/_\/id\/44529361\/sources-pga-tour-rejects-pif-recent-offer-invest-15b\" style=\"\" rel=\"noopener\">ESPN<\/a> reported, citing unnamed sources. The offer was reportedly made with the condition that Liv Golf \u2014 PGA Tour\u2019s PIF-backed rival league \u2014 remain intact, a stipulation the PGA Tour was unwilling to accept.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> PGA Commissioner and golfer Adam Scott recently asked US President Donald Trump to mediate merger talks with Liv Golf \u201cfor the good of the game,\u201d following an Oval Office meeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3eb50d27-7a60-4eff-8054-7dd7fb88f068\/pif-and-partners-to-launch-a-usd-5-bn-basketball-tournament#:~:text=PGA%20Tour%20Commissioner%20Jay%20Monahan%20and%20player%20Adam%20Scott\" style=\"\" rel=\"noopener\">in February<\/a> attended by PIF Governor Yasir Al Rumayyan. \u201cHopefully, the two tours are going to merge,\u201d Trump was quoted as saying by the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-golf-liv-tour-pga-ab77d9aafb22c33e859fd6541b417836\" style=\"\" rel=\"noopener\">Associated Press<\/a>. <\/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>The international business press is still trying to make sense of Trump\u2019s tariffs that <\/strong><strong>began to come into play over the weekend<\/strong>, with the US now collecting a 10% universal tariff on Saturday on most imports from dozens of countries, with further \u201creciprocal\u201d tariffs of up to 50% on 57 major trading partners \u2014 including a 34% levy on Chinese goods \u2014 set to kick in on Wednesday. Countries across the globe are already starting to fight back, including China, which announced a 34% tariff on all US goods starting 10 April export controls on seven rare earth minerals used in high-tech manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s tariff announcements on Wednesday triggered the worst week for global <\/strong><strong>equities since the onset of the COVID pandemic<\/strong>, leading to the S&P 500 losing 9.1% through the week \u2014 including a 6.0% fall on Friday alone \u2014 erasing USD 5.4 tn in market value and the Nasdaq down more than 20% from its December peak. Exchanges outside the US fared little better, with the UK\u2019s FTSE 100 losing 7.0% in the week and the EURO STOXX 50 down 8.2%. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b1eda0a8-6449-4fe5-b8c6-a2afebadc823\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us-starts-collecting-trumps-new-10-tariff-smashing-global-trade-norms-2025-04-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-05\/china-pledges-resolute-measures-to-hit-back-at-trump-tariffs\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/apr\/05\/trump-tariffs-come-into-effect-in-seismic-shift-to-global-trade\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also ranking highly in this morning\u2019s digital front pages are protests across the US <\/strong><strong>against the sitting administration<\/strong>, with tens of thousands of demonstrators taking to the streets in all 50 states to protest Trump\u2019s cuts to federal agencies, deportation crackdown, economic tariffs, and attack on civil liberties. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/04\/05\/us\/politics\/anti-trump-protests-hands-off.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/live\/2025\/apr\/05\/hands-off-protests-trump-administration\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-opponents-ready-take-streets-with-nationwide-protests-2025-04-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-05\/protesters-assail-trump-musk-in-hands-off-rallies-around-us?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Jameel Motors plan foray into South Africa<\/p>\n","protected":false},"author":1,"featured_media":95724,"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":[1628,10,481,2726,513,825,1151,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-donald-trump","tag-enterpriseam-ksa","tag-flynas","tag-golf","tag-liv-golf","tag-pga-tour","tag-public-investment-fund-pif","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"b0064b8c-03ba-49ae-b942-683f2365bfc2","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/4\/75.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Flynas cleared for IPO + Trump to visit the Kingdom in May?","related_issue":[95721],"teaser":"PLUS: Jameel Motors plan foray into South Africa","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.0d7f3056-e4f8-4faa-8ea9-10a3a21fc624.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>Flynas cleared for IPO + Trump to visit the Kingdom in May? 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