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Topian is also developing a salmon production facility in Neom
Author Archives: enterpriseam
Posted inPLANET FINANCE
Chinese stocks rally after hitting five-year lows
Chinese stocks rally on hopes of regulatory changes: After a turbulent few months that pushed China’s main indices to five-year lows, the country’s benchmark CSI 300 had its best day since late 2022, Bloomberg reports. The rally was fueled by hopes that authorities could introduce more significant support measures that would help the country’s slumping […]
Posted inWHAT WE’RE TRACKING TODAY
Hypermarket operator LuLu is said to be shopping for bankers as it eyes IPO on Tadawul and ADX
Blinken meets Prince Mohamed in Riyadh for talks on Gaza ceasefire, regional security
Posted inECONOMY
Fitch affirms Kingdom’s A+ credit rating, sees private-sector growth at 4.5% in 2024-2025
Fitch also cited “significant fiscal buffers” in deposits and other public sector assets
Posted inECONOMY
PMI remains in growth territory despite slowest rate of expansion in two years
Purchase prices recorded the sharpest rise since May 2012
Posted inREAL ESTATE
SNB Capital, Alshegrey launch SAR 1 bn Riyadh-focused commercial real estate fund
Riyadh’s demand for offices is rising
Posted inM&A WATCH
Kazyon expands to Saudi Arabia, acquiring 50% of discount retailer Dukan
Transaction was by an investment by an unnamed sovereign fund
Posted inM&A WATCH
Alinma Bank wraps up acquisition of Tokio Marine’s stake in Arabian Shield Ins
This brings the bank’s stake up to 11.5% after acquiring TMNF’s full stake
Posted inTRANSPORT
Stadler is supplying the Kingdom with next-generation passenger trains
The new trains will help double the annual passengers capacity for eastern trains to more than 3.8 mn passengers
Posted inDEBT WATCH
Saudi Electricity kicks off roadshow for foreign-currency sukuk program
The company has recently redeemed a USD 800 mn sukuk issuance