{"id":97545,"date":"2025-06-01T00:00:00","date_gmt":"2025-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/drop-in-oil-revenues-global-uncertainty-a-chance-to-take-stock-of-spending-priorities-aljadaan\/"},"modified":"2025-06-01T00:00:00","modified_gmt":"2025-06-01T00:00:00","slug":"drop-in-oil-revenues-global-uncertainty-a-chance-to-take-stock-of-spending-priorities-aljadaan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/01\/drop-in-oil-revenues-global-uncertainty-a-chance-to-take-stock-of-spending-priorities-aljadaan\/","title":{"rendered":"Drop in oil revenues, global uncertainty a chance to \u201ctake stock\u201d of spending priorities -AlJadaan"},"content":{"rendered":"

Good morning<\/strong>. The Eid vacation is days away, and we kick off the last workweek with a packed issue, leading with Aramco\u2019s sukuk push slated for this year, highlights of the Aseer Investment Forum held last week, and the first Saudi sukuk ETF going live on the Hong Kong Exchange.<\/p>\n

^^ We have the details on these stories, and (many) more, in today\u2019s news well.<\/p>\n

HAPPENING THIS WEEK-<\/p>\n

Axelerate<\/a><\/strong>d Solutions<\/a><\/strong>\u2019 shares will begin tra<\/strong>ding on the Nomu parallel market today<\/strong>, according to a Tadawul statement<\/a>. The company\u2019s shares can fluctuate within a 30% range for the first three days, after which price fluctuations will be capped at 10% as circuit breakers take effect.<\/p>\n

REFRESHER- <\/strong>The company priced its offering at SAR 27 per share, after it saw its offered 10.7% stake 208% oversubscribed<\/a> by qualified investors. The pricing would give Axelerated Solutions a market cap of SAR 756 mn at listing and should see it raise some SAR 3.8 mn in IPO proceeds.<\/p>\n

AND- <\/strong>Al Kuzama T<\/strong>rading to debut on Nomu tomorrow: <\/strong>Restaurant operator Al Kuzama Trading\u2019s shares are due to hit Tadawul\u2019s parallel market Nomu tomorrow, according to a statement<\/a>. The firm floated a 10.7% stake in a SAR 45.2 mn primary offering that was 108.4% oversubscribed<\/a>, with proceeds earmarked for expansion. Some 422.4k<\/a> new shares were up for grabs at SAR 107 apiece.<\/p>\n

The company\u2019s shares will be allowed to fluctuate within a 30% band<\/strong>, with a static fluctuation band of 10% on the first three trading days. Starting from the fourth day, shares will be allowed to trade at a 10% volatility as circuit breakers take effect, and the static fluctuation limit will be removed.<\/p>\n

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WEATHER- Riyadh<\/strong> is expected to see a high of 42\u00b0C and a low of 28\u00b0C today, while Jeddah<\/strong>\u2019s mercury will go as high as 36\u00b0C and as low as 27\u00b0C. Makkah<\/strong> will see a 43\u00b0C high and 31\u00b0C low.<\/p>\n

PSAs- <\/p>\n

#1- Riyadh\u2019s public transport system released its operating schedule for the Eid Al Adha <\/strong>holiday<\/strong>, running from 5 to 14 June, it said in a post on X<\/a>.<\/p>\n

Riyadh Metro:<\/strong><\/p>\n