Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) increased by 1.58% on Monday and ended the trading session at 11,808.25 points. A total of 388.97 million shares were traded at a value of SAR 7.91 billion. Saudi …
Riyadh - Mubasher: Pan Gulf Marketing Company obtained a SAR 70 million loan from Saudi Awwal Bank (SAB) on 29 May 2024, according to a bourse disclosure. The facility deal, which is valid for one year, is secured by a promissory note and a …
Riyadh – Mubasher: The Insurance Authority (AI) greenlighted, on 2 June, the request of Salama Cooperative Insurance Company to increase its capital by offering rights issues worth SAR 100 million. The company’s new capital will stand at SAR 300 …
Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) will start the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) on Wednesday, 5 June 2024. Tadawul pointed out that the …
Abu Dhabi – Mubasher: Burjeel Holdings has signed a framework agreement to establish a joint venture (JV) AL KALMA with Keralty S.A.S, a Colombia-based multinational health organization. The alliance plans to develop and operate an integrated …
Riyadh – Mubasher: The Saudi Export Development Authority (Saudi Exports) has signed a memorandum of understanding (MoU) with Alibaba. The agreement aims to enable Saudi products to penetrate global markets through improving visibility on the …
Riyadh – Mubasher: The shareholders of Al Babtain Power and Telecommunication Company greenlighted cash dividends amounting to SAR 63.94 million for 2023. The Saudi firm will disburse SAR 1 per share, representing 10% of the company’s capital, for …
Riyadh – Mubasher: Bank Aljazira has completed an off-market private transaction to buy 4.65 million shares in AlJazira Takaful Taawuni. The acquired stake represents 7.05% of the company’s capital, according to a bourse filing. Bank Aljazira …
Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) inked a new bank facility agreement with Alinma Bank at a total value of SAR 135 million. 2P Prefect Presentation obtained the loan on 2 June 2024 and it …
Riyadh – Mubasher: Saudi Arabia's communications and information technology exports rose above SAR 6 billion in 2023 supported by programmes designed to propel growth in the non-oil sector. Overall services exports jumped by 40% to SAR 182 …
Mubasher: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, collectively referred to as OPEC+, have agreed to extend significant oil production cuts into 2025, according to Reuters. OPEC+ has decided to …
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced the board’s decision to pay cash dividends valued at SAR 562.50 million for the first half (H1) of 2024. Yansab will disburse a dividend of SAR 1 per share, equivalent to …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) increased by 1.06% to end Sunday’s trading session at 11,625.10 points. A total of 223.91 million shares were traded at a value of SAR 5.60 billion. East Pipes …
UAE - Mubasher: The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024. The GCC region accounted for 55.50% of total exports …
Riyadh – Mubasher: Elm Company signed a memorandum of understanding (MoU) with France-based Numeryx Technologies to boost digital transformation, according to a press release. The partnership aims to reinforce business prospects and implement …
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) completed the acquisition of a 40% stake in Gas and Oil Pakistan Limited (GO), according to a press release. GO is a diversified downstream fuels, lubricants and retail store operator in …
UAE – Mubasher: Dubai-based purpose-built software as a service (SaaS) platform Growdash has raised a AED 6.80 million ($1.80 million) in a seed round, according to a press release. The fundraising transaction was led by Oryx Fund, a MENA-focused …
Riyadh – Mubasher: Saudi Export-Import Bank (Saudi EXIM) has signed a non-binding agreement with Australia’s Macquarie Group for credit facilities worth $500 million. Saudi EXIM will provide the facilities over three years to enhance the group’s …
Riyadh – Mubasher: Saudi Arabia has granted over $129 billion in aid to 169 countries across the globe since 1996, the Supervisor General of the King Salman Humanitarian Aid and Relief Centre (KSrelief) Abdullah Al Rabeeah said, according to the …
Riyadh – Mubasher: The board of SABIC Agri-Nutrients Company recommended cash dividends amounting to SAR 1.42 billion, on 30 May, for the first half (H1) of 2024. The Saudi firm will disburse a dividend of SAR 3 per share, representing 30% of the …
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) announced that its subsidiary won a contract with a joint venture (JV)comprising the National Petroleum Company (NPCC) and SAIPEM in the UAE. MESC - Ras AlKhaimah UAE will supply a …
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has signed contracts with Tadawul-listed companies for manufacturing and supply of steel pipes with a combined value of SAR 2.95 billion. Aramco signed the first contract with Group Five …
Riyadh – Mubasher: The board members of Banque Saudi Fransi and Arabian Contracting Services Company (Al Arabia) proposed a capital hike by granting bonus shares, according to bourse disclosures. The bank will raise its capital through the …
Riyadh – Mubasher: United Mining Industries Company appointed Raed Ibrahim Al Mudaiheem as the board’s Chairman for the next three years. Abdullah Ibrahim Al Mojel was named as the Vice Chairman, according to a recent bourse disclosure. The two …
Mubasher: The Saudi Exchange (Tadawul) closed Thursday’s session with a mixed performance, while the Egyptian stock market showed a downward performance for all its indices. This is unlike the UAE stock markets which ended the session in the green …
