Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) went down by 0.51% on Wednesday and ended the trading session at 11,553.16 points. A total of 285.28 million shares were traded at a value of SAR 8.05 billion. Dr. …
Riyadh – Mubasher: Ladun Investment Company inked a rental contract worth SAR 107.96 million with Real Estate Development Fund, according to a bourse disclosure. The development fund will rent an administrative building, with an area of 11,247 …
Riyadh –Mubasher: Multinational conglomerate corporation Honeywell has opened its first assembly line dedicated to fire alarm and building management solutions in Saudi Arabia, according to a press release. Located in Dhahran, the facility …
Riyadh – Mubasher: Banan Real Estate Company has submitted a request to transition to the main market of the Saudi Exchange (Tadawul). The request was submitted on 4 June 2024 through the market's online portal, according to a bourse filing. Banan …
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) approved cash dividends amounting to SAR 105 million for the second half (H2) of 2023. The total dividends distributed and …
UAE – Mubasher: The UAE climbed from 13th to 6th globally for international tourism receipts in 2023 after logging $51.90 billion. Leading the rankings were the US at $176 billion, followed by Spain, the UK, France, and Italy, according to the UN …
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) signed a memorandum of understanding (MoU) with the Port of Marseille Fos aimed at enhancing cooperation across areas including digital transformation to develop smart ports. The MoU seeks to …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Intelligent Oud Company for Trading to increase its capital by granting one bonus share for every five owned shares. The Saudi firm will raise its capital by 20% to …
Riyadh – Mubasher: A Saudi investor alliance signed a deal in Djibouti to develop the Saudi Logistics City free zone project at Djibouti Port, the largest such contract abroad. The initial phase covers 120,000 square meters with the 92-year …
Mubasher: UAE-based traveltech Tumodo has partnered with Saudi fintech Tabby to accelerate growth in the UAE travel industry, which is projected to reach $1.40 trillion by 2024. Integrating Tumodo's services into Tabby's business processes will …
Riyadh – Mubasher: Huawei Cloud has recently launched its GaussDB database solution in Saudi Arabia, according to a press release. GaussDB provides developed features and high performance to help organisations fully embrace digital transformation …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) decreased by 1.66% on Tuesday and ended the trading session at 11,612.03 points. A total of 306.64 million shares were traded at a value of SAR 7.08 billion. SAL …
Riyadh – Mubasher: Supplai, an innovative freight logistics solution, has expanded to Saudi Arabia with AstroLabs, the Gulf’s leading business expansion platform, according to a press release. Set to launch in (Q3) of 2024, the company plans to …
Cairo – Mubasher: Ericsson teamed up with Vodafone Egypt to expand the latter’s mobile network with the introduction of Ericsson’s triple-band radio, supporting Time Division Duplex (TDD) and Frequency Division Duplex (FDD) spectrum. Radio 4466, …
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …
Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia withered a decline from 57 last April to 56.4 in May 2024, according to Riyad Bank’s latest data. The reading, which was the second-lowest for 22 …
Riyadh – Mubasher: The Capital Market Authority (CMA) passed the request of Tharwa HR Company to float its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Tharwa HR plans to list 705,735 shares, representing 15% of its share …
Riyadh – Mubasher: The board of National Gas and Industrialization Company (GASCO) approved cash dividends valued at SAR 82.50 million, representing 11% of the capital, for the first half (H1) of 2024. GASCO will disburse a dividend of SAR 1.10 …
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has signed a non-binding memorandum of understanding (MoU) with Dar Al-Balad Business Solutions Company to acquire up to 100% of the company’s shares, including its rights and …
UAE – Mubasher: Kamil Al Awadhi, Regional Vice President for Africa and the Middle East at the International Air Transport Association (IATA), stated that passenger traffic in the UAE and the GCC is projected to grow by 4% annually between 2024 …
Riyadh – Mubasher: ACWA Power Company penned a deal to sell 30% of its shareholding in the Rabigh Arabian Water & Electricity Company (RAWEC) IWSPP to Hassana Investment Company. The parties sealed the share purchase agreement (SPA) on 3 June 2024 …
Riyadh – Mubasher: Simplified Financial Solutions Company (SiFi) closed its $10 million seed round led by Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF). The fundraising transaction was also led by RAED Ventures, …
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 …
