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27 April 11:25 AM

SM - Private Companies News

SAMA permits "Tabby" company to provide Buy Now Pay Later (BNPL) solutions.
27 July 2023 00:58 PM Saudi Central Bank Permits BNPL Company
Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) announced permitting "Tabby" company to provide Buy Now Pay Later (BNPL) solutions. The decision reflects SAMA's endeavor to support the Finance and FinTech sectors by enhancing operational …
SM - Private Companies News
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22 June 2023 07:33 PM Seera’s Almosafer launches new platform under partnership with Klook
Riyadh – Mubasher: Saudi travel company Almosafer, which is part of the listed Seera Group, has teamed up with Asia's booking portal Klook to launch the first-ever holistic tours and activities platform in the Kingdom under the name Almosafer …
Companies Investments
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22 June 2023 10:03 AM Musharaka Capital, DirectFN sign agreement to launch Nextgen Trading Platform (NTP)
Mubasher: Musharaka Capital announces the signing of an agreement with DirectFN to launch the Nextgen Trading Platform (NTP). The platform incorporates the highest technical standards provided globally, in order to enhance Musharaka Capital's …
Companies Investments
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11 June 2023 02:52 PM SALIC acquires over 42% equity in Naqua to endorse aquaculture sector
Riyadh – Mubasher: Saudi Agricultural and Livestock Investment Company (SALIC) has acquired a 42.40% stake in the National Aquaculture Group (Naqua), as part of their commitment to empowering the aquaculture sector which is a primary pillar of …
Companies Investments
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30 May 2023 02:55 PM First Mills announces final IPO price for listing on Tadawul
Riyadh – Mubasher: First Milling Company (First Mills) has determined the final price for its initial public offering (IPO) at SAR 60 per share to trade on the Saudi Exchange (Tadawul), according to a press release. This implies a market …
Initial Public Offerings
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28 May 2023 03:15 PM Riyadh-headquartered Arabsat partners with Airbus, SpaceX to launch Badr-8
Mubasher: Arabsat has collaborated with Airbus and SpaceX to launch its latest satellite, Arabsat Badr-8, which marks the seventh generation satellite and is based on the Airbus Eurostar Neo electric orbit raising platform. The satellite lifted …
Global Economy
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25 May 2023 06:17 PM Jamjoom Pharma unveils final IPO price for Tadawul listing
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) announced the final price for its initial public offering (IPO) on the Saudi Exchange (Tadawul) at SAR 60 per share. This implies a market capitalisation of SAR 4.20 …
Companies Investments
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25 May 2023 04:39 PM ICON’s subsidiary wins over SAR 105.5m deal for NEOM in Saudi Arabia
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON), listed on the Egyptian Exchange (EGX), said that its subsidiary Prefabricated Buildings Development Industrial Co. Saudi Arabia won a contract for the NEOM …
Companies Investments
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25 May 2023 01:24 PM Celularity receives $45m PO from Saudi Jamjoom Medicine under regional expansion
Mubasher: US-based Celularity Inc. received a $45 million purchase order (PO) for its private label Halal-Certified biomaterial products from Saudi Arabia’s Jamjoom Medical Store, according to a press release. The transaction marks Celularity’s …
Global Economy
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24 May 2023 07:27 PM Elaf partners with EXO Travel to initiate tourism venture in Saudi Arabia
Riyadh – Mubasher: Elaf Group, a leader in the Saudi travel, tourism, and hospitality sector, entered into a strategic partnership with EXO Travel Group to incorporate EXO Saudi Arabia as a venture designed to boost the attraction of Saudi Arabian …
SM - Private Companies News
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24 May 2023 04:47 PM UAE-based FAB teams up with Saudi Alfanar to launch SCF Programme
Mubasher: First Abu Dhabi Bank (FAB) has partnered with Saudi Arabia-based Alfanar to launch FAB’s Supply Chain Finance (SCF) programme in the Kingdom, aiming to expand its value-added trade product and channel capabilities across the region. Upon …
Banking and Finance
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23 May 2023 05:54 PM Hilton, STA collaborate on attracting regional visitors to Saudi Arabia
Riyadh – Mubasher: Global hospitality leader Hilton has signed a memorandum of understanding (MoU) with the Saudi Tourism Authority (STA) to attract people from leading markets across the Middle East and Africa (MEA) to visit Saudi Arabia. The two …
Companies Investments
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18 May 2023 05:24 PM First Mills proceeds with IPO for Tadawul listing
Riyadh – Mubasher: First Milling Company (First Mills) decided to proceed with the initial public offering (IPO) to list 16.65 million ordinary shares on the Main Market of the Saudi Exchange (Tadawul). The IPO is expected to comprise a sale of …
SM - Private Companies News
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9 May 2023 04:33 PM Seera’s unit Almosafer becomes 1st travel firm in Saudi Arabia to integrate ChatGPT
Riyadh – Mubasher: Almosafer, a subsidiary of Seera Group Holding, has become the first travel company in Saudi Arabia that tests the integration of ChatGPT to enhance the booking experience by providing smarter and more tailored responses to …
SM - Private Companies News
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9 May 2023 00:17 PM Mubasher launches digital gateway Sharikat Mubasher
Riyadh – Mubasher: Mubasher Financial Group has announced the launch of Sharikat Mubasher as a digital gateway that will be a private companies market ecosystem with an objective to provide private equity information and make investment accessible …
Global Economy
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9 May 2023 11:40 AM Mubasher joins Fintech Galaxy, Arab Federation of Capital Markets to launch innovation lab
Mubasher: Mubasher Group has teamed up with both Fintech Galaxy and Arab Federation of Capital Markets (AFCM) to establish an open finance innovation lab that will serve the capital markets industry across the Middle East as well as the fintech …
Global Economy
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8 May 2023 04:09 PM Saudi Tadawul Group completes DirectFN stake acquisition
Riyadh – Mubasher: Saudi Tadawul Group Holding Company concluded the equity takeover transaction in Direct Financial Network Company (DirectFN Limited) on 7 May 2023, according to a bourse filing. The group’s subsidiary Tadawul Advanced Solutions …
Mergers and Acquisitions
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3 May 2023 07:00 PM Tarabut Gateway to boost open banking in Saudi Arabia via $32m fundraise
Riyadh – Mubasher: The region’s first open banking platform Tarabut Gateway has closed a $32 million Series A fundraise, which was led by Pinnacle Capital, a leading alternative investment company focusing on Saudi investments. Leading Saudi …
SM - Private Companies News
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3 May 2023 06:09 PM Region’s B2B e-commerce platfrom Eighty6 secures $3.7m funding
Mubasher: Eighty6, the online procurement platform, has raised $3.70 million in a Seed round from Sanabil 500 MENA Seed Accelerator Fund as well as a few GCC family offices and other investors. The proceeds of the fundraising transaction will …
SM - Fintech
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3 May 2023 02:07 PM MEA-focused Pyypl rolls out micro-investment platform
Mubasher: Pyypl, a Middle East and Africa (MEA) focused fintech, has announced the commercial rollout of its social and micro-investment platform that will support self-employed entrepreneurs in addition to micro, small, and medium-sized …
SM - Private Companies News
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10 April 2023 11:50 AM Social Development Bank unveils SAR 2.9bn financing in Q1-23
Riyadh – Mubasher: Social Development Bank (SDB) endorsed over 35,000 small and emerging enterprises as well as self-employed business owners with a value exceeding SAR 2.90 billion in the first quarter (Q1) of 2023. The board’s report highlighted …
Companies Investments
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9 April 2023 05:50 PM Saudi Tadawul Group’s Wamid launches Liqaa
Riyadh – Mubasher: Tadawul Advanced Solutions Company (Wamid), the innovation arm of the listed Saudi Tadawul Group Holding Company, launched a meeting management platform under the name Liqaa. The online platform will provide issuers, investors, …
SM - Private Companies News
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2 April 2023 01:22 PM Moody's affirms PIF-owned Saudi Real Estate Refinance’s 'A2' rating; outlook changed
Riyadh - Mubasher: Moody's Investors Service has maintained the long- and short-term issuer ratings of Saudi Real Estate Refinance Company (SRC) at 'A2/P-1' and changed the outlook to positive from stable. Moody's also kept the 'Aa2.sa/SA-1' long- …
Ratings
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30 March 2023 11:45 AM CMA nods to IPOs, Nomu listing of 4 companies
Riyadh – Mubasher: The Capital Market Authority (CMA) passed the initial public offerings (IPOs) of First Milling Company and Lumi Rental Company to float their shares on the Saudi Exchange (Tadawul). Each company plans to list 30% of its share …
Companies Investments
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29 March 2023 11:03 AM CMA greenlights Nomu listing of 2 companies
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of Professional Medical Expertise Company and Marble Design Company to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Professional …
SM - Private Companies News