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FEBRUARY13 February (Tuesday): The Global Smart Cities Forum wraps up, Riyadh Arena, Riyadh.14 February (Wednesday): The International Petroleum Technology Conference (IPTC) wraps up, Dhahran.14 February (Wednesday): Filipino exporters wrap up a business-matching tour in town.18-21 February (Sunday-Wednesday): Restatex Riyadh Real Estate, Riyadh International Convention and Exhibition Center, Riyadh.19 February (Monday): The Future of Business 2024 […]
Author Archives: enterpriseam
Posted inWHAT WE’RE TRACKING TODAY
STC is still in the running for a piece of Altice in Portugal
Good morning, wonderful people. We hope you had a restful weekend full of family, friends, and good food. We have a weighty issue for you this morning with plenty of news from the Public Investment Fund, a report that three Bulge Bracket stalwarts are in line to quarterback a blockbuster share sale for Aramco, and […]
Posted inIPO WATCH
Aramco inches closer to blockbuster share sale, looks set to tap HSBC, Goldman and Citi to advise
The share sale is expected to draw in some USD 20 bn in capital
Posted inM&A WATCH
Cenomi Retail wraps up SAR 115 mn sale of Innovative Outfit Trading
The transaction will see Cenomi sell the franchise rights to 16 brands
Posted inPIF WATCH
PIF eyeing Starbucks Mideast, Roma + USD 1 bn Chinese VC fund
Plus: Lucid looks to move to full production in Jeddah “soon”
Posted inBANKING
Saudi banks set for slower credit growth this year –S&P
The forecasts are down from a 10% credit growth reported by the banks last year
Posted inIPO WATCH
Updates on Nomu offerings from Al Modawat Specialized Medical + Al Mohafaza Education
The offering is priced at SAR 111 a piece
Posted inALSO ON OUR RADAR
Neom is creating the largest fish hatchery in the region. Plus: Oil drilling, aid to Benin
NEOM- Neom launched a joint venture with Tabuk Fisheries to develop the largest fish hatchery in the MENA region by the end of the year, it said in a statement last week. The planned fish hatchery by the Topian Aquaculture JV is set to have a planned capacity of 42 mn fingerlings and marine-pen production […]
Posted inPLANET FINANCE
Is another US banking crisis brewing? Here’s what you need to know.
It’s looking gnarly out there for bankers in the United States and investors in their stocks.Here’s what’s on everyone’s mind: US regulators could be facing a rerun of the winter 2022-2023 regional banking crisis. Prospects of more trouble have captured the imagination of the financial press on both sides of the Atlantic after earnings in […]