Gulf news

Riyadh – Mubasher: The Saudi Exchange (Tadawul) launched the Single Stock Options (SSOs) contracts on the Saudi Arabian Mining Company (Ma'aden). SSOs are set to be available from 21 April 2024, which will be cleared by the Securities Clearing …

Abu Dhabi – Mubasher: E7 Group penned multiple new contracts to provide security solutions and commercial printing services across the MEA region. The agreements align with the group’s strategy to boost global expansion and profitable growth, …

Dubai – Mubasher: Dubai Investments has disbursed 12.50% cash dividends to the shareholders for the financial year that ended on 31 December 2023, according to a press release. The shareholders greenlighted the cash dividends during the 28th …

Riyadh – Mubasher: The main market's All Share Index (TASI) on the Saudi Exchange (Tadawul) edged up by 0.29% on Thursday, closing at 12,502.35 points. Trading activity saw a turnover of SAR 8.18 billion, with 310.94 million shares exchanged. …

Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …

Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) has completed the acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company, according to a press release. The transaction will enable ADNIC to become one of …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 35.24 points (0.84%) on Thursday and ended the trading session at 4,208.17 points. DFM’s turnover stood at AED 414.17 million through the exchange of 208.70 million shares. …

Riyadh – Mubasher: Tabuk Agricultural Development Company (TADCO) has signed a non-binding memorandum of understanding (MoU) with Topian, NEOM's food company. The MoU includes cooperation for the planning, development, construction, and operation …

Riyadh – Mubasher: Sure Global Tech Company has signed a three-year contract with a total value of SAR 94.16 million. Under the contract, Sure will build, develop, and operate an electronic platform, according to a bourse filing. The contract is …

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) and ACWA Power Company have announced the financial closing of an AED 3.37 billion seawater reverse osmosis (RO) desalination project in Hassyan. With a capacity of 180 million …

Mubasher: areeba, a leader in payment solutions and processing services, announced the successful certification of its in-house-developed switch by Mastercard, according to a press release. The two parties join forces to provide world-class …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company submitted an application file to the Capital Market Authority (CMA) on 17 April 2024 to increase its capital to SAR 380 million. The insurance firm plans to raise its capital by offering …

Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) posted an unaudited consolidated net profit after tax of AED 175.73 million in the first quarter (Q1) of 2024, up from AED 139.15 million in the comparative quarter a year earlier. …

Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a SAR 1.72 billion contract from National Water Company for long-term operation and maintenance works at Sewage Treatment Plants in Al Ahsa City. Under the 15-year …

Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) incurred accumulated losses valued at AED 143.21 million at the end of the fourth quarter (Q4) of 2023. The registered accumulated losses account for 63.44% of the company’s …

Riyadh – Mubasher: Thimar Development Holding Company has established a new company called Thimar Towers Development and Real Estate Investment Company The newly created firm, a limited liability company of one person, is headquartered in Riyadh, …

UAE – Mubasher: UAE-based fintech Fortis has closed a Series A funding round valued at $20 million from Opportunity Venture, according to a press release. Fortis, a retail tech and fintech solutions provider tailored for SMEs, will use the …

Cairo – Mubasher: The Potcast Productions Company, and Egyptian podcast production firm, has concluded an early financing round in the second season of the Shark Tank program under the guidance of businesswoman Dina Ghabbour, according to a press …

Riyadh – Mubasher: Alkhabeer Capital revealed that the total dividends distribution to Alkhabeer Growth and Income Traded Fund’s unitholders for the full year 2023 has reached SAR 92.47 million after announcing the July-December 2023 payout. The …

Riyadh – Mubasher: The shareholders of United Electronics Company (eXtra) agreed for the subsidiary United International Holding Company to offer shares on the Saudi Exchange (Tadawul), according to a bourse disclosure. The approval, which was …

Riyadh – Mubasher: The shareholders of Edarat Communication and Information Technology Company gave a nod, during their extraordinary general meeting (EGM) on 16 April 2024, for doubling the capital through bonus shares.   This decision builds on …

UAE – Mubasher: Abu Dhabi Future Energy Company (Masdar) and Emirates Global Aluminium (EGA) teamed up to work on aluminium decarbonisation and low-carbon aluminium growth opportunities. The two companies will explore the joint development of …

Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) retreated by 0.28% on Wednesday and ended the trading session at 12,465.98 points. The turnover amounted to SAR 9.55 billion through the exchange of 367.26 …