{"id":96126,"date":"2025-04-17T00:00:00","date_gmt":"2025-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/17\/our-ipo-pipeline-proceeds-despite-tariff-uncertainty-bloomberg-says\/"},"modified":"2025-04-17T00:00:00","modified_gmt":"2025-04-17T00:00:00","slug":"our-ipo-pipeline-proceeds-despite-tariff-uncertainty-bloomberg-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/17\/our-ipo-pipeline-proceeds-despite-tariff-uncertainty-bloomberg-says\/","title":{"rendered":"Our IPO pipeline proceeds despite tariff uncertainty, Bloomberg says"},"content":{"rendered":"

Good morning. <\/strong>We have a somewhat packed issue for you before we head to the weekend. The big story today <\/strong>unpacks the newly proposed Global AI Hub Law, aiming to attract international clients and tech firms to establish sovereign data centers in the Kingdom.<\/p>\n

Also in today\u2019s issue: <\/strong>The Middle East Poultry Exhibition saw SAR 5 bn in agreements to boost the local poultry sector, and Aqaseem launched its first sukuk offering worth SAR 50 mn. Plus, Shanghai Electric landed a major EPC contract for the Al Sadawi solar plant, and Saudi Arabia's asset management industry is booming, with assets under management exceeding SAR 1 tn in 2024, according to Fitch. Let\u2019s dive in.<\/p>\n

CIRCLE YOUR CALENDAR-<\/p>\n

The IMF and World Bank\u2019s spring meetup will get the ball rolling on Monday <\/strong>amid the global economy grappling with mounting trade tensions and tariff escalations. The six-day 2025 Spring Meetings of the IMF and World Bank Group<\/a> will bring together policymakers, central bankers, economists, private sector leaders, and others to discuss what the year ahead holds.<\/p>\n

The mood of the meetup is already starting to become clear<\/strong>, with World Bank President Ajay Banga telling reporters yesterday that \u201cuncertainty and volatility are undoubtedly contributing to a more cautious economic and business environment,\" according to AFP<\/a>. <\/p>\n

Tensions between the Trump administration and the World Bank are expected to come <\/strong>into focus over the week over<\/strong>, with the White House so far yet to commit to the USD 4 bn pledged to the international financial institution by his predecessor in the last months of his presidency. Brushing off suggestions of bad blood, Banga described ongoing negotiations with its largest financial backer as \u201cconstructive\u201d and told reports that \u201cthey\u2019re asking the right questions, and we're trying to give them the right answers.\u201d<\/p>\n

We\u2019re yet to hear who will be representing Saudi at the meetup<\/strong>. Last year saw Finance Minister Mohammed Al Jadaan, Sama Governor Ayman Al Sayari and Saudi Fund for Development CEO Sultan Al Marshad attend the meetings, among others.<\/p>\n

You can check out the full schedule on the <\/strong>event\u2019s official website<\/a><\/strong>.<\/strong><\/p>\n

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HAPPENING TODAY-<\/p>\n

The <\/strong>Saudi<\/a><\/strong>Film Festival<\/a><\/strong> kicks off today in Dhahran<\/strong> and runs until 23 April. The festival will showcase 68 films, including feature films, shorts, and documentaries from Saudi Arabia, the Gulf, and beyond. We have the details <\/strong>here<\/a><\/strong>.<\/strong><\/p>\n

WEATHER- <\/strong>Expect cloudy and windy conditions in Riyadh, while Makkah will remain sunny and Madinah will see gusty winds.<\/p>\n