Riyadh – Mubasher: Ahmed Saleh Al Sultan resigned from his position as the CEO of Thob Al Aseel Company on 5 June 2024, which is set to become effective on 13 June. Abdulrahman Saeed Al Maleh took over the role as the company’s new CEO, according …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) edged higher by 0.06% on Thursday and ended the trading session at 11,560.39 points. A total of 249.35 million shares were traded at a value of SAR 6.45 billion. …
Riyadh – Mubasher: The board members of Aqaseem Factory for Chemicals and Plastics Company proposed cash dividends amounting to SAR 5 million for 2023, according to a bourse disclosure. The Saudi firm will pay out a dividend of SAR 2 per share, …
Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended in the red on Thursday, with the EGX30 main index inching lower by 0.77% to 26,428.65 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session …
Riyadh – Mubasher: Arab Sea Information Systems Company has purchased an office tower from Mohammed Saleh Al Suhaibani at a value of SAR 59 million, according to a bourse filing. The company entered into the agreement on 4 June 2024 to make the …
Riyadh – Mubasher: Webuild Saudi Arabia has awarded a SAR 33 million contract to International Water Distribution Company (Tawzea), a portfolio company of Sustainable Infrastructure Holding Company (SISCO Holding). The contract covers the supply …
Cairo – Mubasher: The value of Egypt's agricultural exports increased by $500 million to approximately $2.60 billion in the first five months (5M) of 2024 compared to the corresponding period in 2023, according to El-Sayed El-Quseir, Minister of …
Mubasher: Saudi Arabia, the UAE, and Egypt accounted for 92% of total venture capital (VC) funding in the MENA region, according to a report by MAGNiTT. Saudi startups raised $400 million in VC funding in 2023, up 602% year-on-year (YoY), the …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Thursday’s trading session lower by 1.57 points (0.03%) at 3,978.75 points. A total of 512.02 million shares were exchanged during the session at a value of AED 423.74 million. …
Dubai – Mubasher: Emirates Building Systems (EBS), a wholly-owned subsidiary of Dubai Investments, has secured major contracts exceeding a value of AED 225 million, according to a press release. The new projects include Advanced Manufacturing …
Cairo – Mubasher: Misr Beni Suef Cement’s net profit declined to EGP 41.52 million in the first quarter (Q1) of 2024 from EGP 61.36 million in the equivalent period the year before. Net sales leapt to EGP 666.59 million in Q1-24 from EGP 276.32 …
Dubai – Mubasher: Parkin Company has entered into an agreement with a private developer to offer parking services at new six key locations in the Emirate of Dubai, according to a press release. In line with the company’s targeted growth strategy, …
Cairo – Mubasher: Orascom Financial Holding (OFH) turned to a consolidated net loss of EGP 22.81 million in the first quarter (Q1) of 2024, versus a net profit of EGP 19.81 million in the equivalent quarter the year before. Revenues soared to EGP …
Riyadh – Mubasher: Saudi Cement Company announced cash dividends valued at SAR 191.25 million, representing 12.50% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 1.25 per share for 153 million eligible …
Riyadh – Mubasher: Saudi Arabia and Ethiopia signed an agreement to form a joint Saudi-Ethiopian Business Council, advancing economic cooperation. The agreement establishes a foundation for businesses in the two nations to collaborate and better …
UAE – Mubasher: Etihad Airways has signed a joint-venture (JV) agreement with China Eastern Airlines, marking the first such partnership between a Middle Eastern and Chinese carrier. The JV aims to jointly develop and expand routes connecting the …
Mubasher: Fitch Ratings affirmed the long- and short-term Issuer Default Ratings (IDR) rating of GFH Financial Group at ‘B’, with the outlook on the long-term IDR remaining stable. Fitch has also maintained the senior unsecured long-term rating …
Cairo – Mubasher: Elsewedy Electric Company has reported a 33.33% year-on-year (YoY) surge in consolidated net profit to EGP 4.23 billion in the first quarter (Q1) of 2024 from EGP 3.17 billion. Consolidated revenues soared 35.70% YoY to EGP 45.24 …
Riyadh – Mubasher: Abdulaziz & Mansour Ibrahim Albabtain Company (Al Babtain Food) has appointed Mansour Ibrahim Abdullah Ababtain as the board’s Chairman for the next three years. Abdul Aziz Ibrahim Abdullah Al Babtain was announced as the Vice …
Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …
Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the requests of three companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). SAMA Healthy Water Factory Company plans to list 20% of its …
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has announced the pricing of its inaugural GBP 650 million sterling-denominated bond under its Euro medium-term note programme. The issuance is oversubscribed by more than 600%, …
Cairo – Mubasher: Sharm Dreams Company for Touristic Investment logged net profits after tax valued at EGP 2.18 million in the first quarter (Q1) of 2024, versus losses worth EGP 1.68 million in Q1-23. Earnings per share (EPS) hit EGP 0.04 as of …
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 45 billion through two auctions on Thursday, 6 June. Holding a tenor of 182 days until 10 December 2024, the first tranche stood at EGP …
