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Concord Booth at 24 Fintech
4 hours ago Concord’s Qadri unveils company services, expansion plans – Interview
Riyadh – Mubasher: Haitham Adel Qadri, Partner and Deputy General Manager for Administrative Affairs and Internal Control at Concord, talked with Mubasher.info in an interview during the 24 Fintech event, which made its debut in Saudi Arabia on 3 …
Hamza Abusitta, Co-Founder and CEO of Reachware
5 hours ago Abusitta showcases Saudi Reachware’s achievements, funding round – Interview
Riyadh – Mubasher: Hamza Abusitta, Co-Founder and CEO of Reachware, revealed to Mubasher.info during the 24 Fintech event that the company was established in 2021 with the main objective to simplify the digital transformation process instead of …
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03:40 PM Bank of Sharjah prices $500m senior unsecured bond
Abu Dhabi – Mubasher: Bank of Sharjah has successfully priced a $500 million senior unsecured bond in the international markets, according to a press release. The issuance received significant response from international investors, attracting …
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11:47 AM NMDC Energy’s IPO attracts gross demand of AED 88bn
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has closed the initial public offering (IPO) of NMDC Energy, which was oversubscribed by 31.3 excluding cornerstone. The offering attracted investor interest, generating a total gross …
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10:53 AM Invest Bank logs AED 99m net profits in H1-24
Abu Dhabi – Mubasher: Invest Bank posted an annual rise in net profit to AED 98.71 million during the first half (H1) of 2024, compared to AED 4.03 million. Net interest income hiked year-on-year (YoY) to AED 92.76 million in H1-24 from AED 45.97 …
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09:41 AM Reachware fuels GCC expansion plans via $3m funding co-led by Elm
Riyadh – Mubasher: Saudi SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, according to a press release. Reachware, a leading startup specialising …
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4 September 04:28 PM Hakbah, Tawuniya forge new partnership at 24 Fintech
Riyadh – Mubasher: Saudi fintech savings platform Hakbah entered into a new partnership with The Company for Cooperative Insurance (Tawuniya) at the 24 Fintech Conference that kicked off in Riyadh on 3 September. This alliance will reshape the …
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4 September 04:01 PM Samsung Pay to debut in Saudi Arabia upon agreement at 24 Fintech
Riyadh – Mubasher: The Saudi Central Bank (SAMA) penned an agreement with Samsung to provide access to Samsung Pay service in the Kingdom during the fourth quarter (Q4) of 2024. The announcement was unveiled on the sidelines of the 24 Fintech …
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4 September 03:28 PM Tabby takes step towards Tweeq acquisition at global meeting point 24 Fintech
Riyadh – Mubasher: MENA-focused shopping and financial services app Tabby has entered into a definitive agreement to acquire Saudi-based digital wallet Tweeq, which is licensed by the Saudi Central Bank (SAMA). The announcement came during the 24 …
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4 September 12:24 PM Huawei Cloud’s President unveils regional expansion plans – Interview
Riyadh – Mubasher: Alan Qi, President of Huawei Cloud Middle East and Central Asia, announced investment plans in Saudi Arabia to back the cloud-first strategy. In an interview with Mubasher.info, Qi highlighted that Huawei decided to invest in …
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5 September 06:00 PM MENA-focused Unifonic unveils partnership with barq at 24 Fintech, highlights AI-driven engagement solutions
Riyadh – Mubasher: AI platform and software as a service (SaaS) provider Unifonic announced a strategic partnership with Saudi fintech company barq during the 24 Fintech event, which launched in Saudi Arabia to serve as a global meeting point. The …
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5 September 05:01 PM Hakbah, Saudi Institute of Internal Auditors pen deal at 24 Fintech
Riyadh – Mubasher: Saudi fintech savings platform Hakbah inked a new agreement with the Saudi Institute of Internal Auditors at the 24 Fintech Conference in Riyadh. The partnership aims to improve the development of internal auditing systems, …
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5 September 04:32 PM EtihadWE launches 4 new stations worth AED 422m
UAE– Mubasher: Etihad Water and Electricity (EtihadWE) has officially inaugurated four new facilities to bolster electricity and water infrastructure across the Northern Emirates, according to a press release. These new installations reflect the …
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5 September 03:35 PM ACWA Power, SEWA join forces to develop Sharjah’s 1st IWP plant
Riyadh – Mubasher: ACWA Power Company signed an agreement with Sharjah Electricity, Water and Gas Authority (SEWA) to develop Sharjah’s first Independent Water Project (IWP). The Hamriyah IWP, which will be developed using seawater reverse osmosis …
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5 September 02:56 PM Tarabut expands financial services in MENA via acquisition of UK’s Vyne
UAE– Mubasher: Tarabut has acquired London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses, according to a press release. The transaction, which was approved by the Saudi Central Bank (SAMA) and the UK's …
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5 September 02:16 PM Emirates Steel Arkan rebrands as EMSTEEL
Abu Dhabi – Mubasher: Emirates Steel Arkan has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence, according to a press release. The new brand identity embodies the merger …
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5 September 01:54 PM CMA’s Binghannam unveils SAR 3.8bn financing at 24 Fintech
Riyadh – Mubasher: The Deputy Chairman of the Capital Market Authority (CMA), Abdullah Binghannam, elaborated that the financial service has clearly transformed wealth management. On the slides of the 24 Fintech conference, Binghannam noted that …
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5 September 12:19 PM MAJID Developments launches 1st project in UAE
UAE– Mubasher: MAJID Developments entered Dubai’s real estate market with the launch of Mayfair Gardens, a residential community building in the Emeriti City, according to a press release. In line with its planned pipeline of five luxury projects …
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5 September 10:56 AM UAE-based Ziina secures $22m funding to expand in Middle East
UAE– Mubasher: Ziina, the UAE’s leading financial platform supporting consumers and businesses, has raised $22 million in a Series A funding round led by US-based Altos Ventures, according to a press release. The fundraising transaction also …
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5 September 10:25 AM Al Seer Marine unveils new brand identity
Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company announced a new brand identity in line with its vision to anchor its position in the maritime industry, according to a press release. The company’s vision, which focuses on …
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5 September 09:43 AM CMA’s Chairman says 24 Fintech anchors Saudi Arabia’s position in fintech sector
Riyadh – Mubasher: Mohammed El Kuwaiz, Chairman of the Capital Market Authority (CMA), highlighted that the 24 Fintech conference reflects Saudi Arabia’s leading position in the fintech landscape. The 24 Fintech event kicked off at the Riyadh …
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3 September 08:52 PM Najm announces platinum sponsorship of Saudi Arabia’s 24 Fintech
Riyadh – Mubasher: Najm for Insurance Services is partaking in the 24 Fintech global conference as a Platinum Sponsor, which enhances its role in supporting and developing the local and global insurance and financial services sector. The fintech …
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3 September 05:44 PM EzPay official gives key remarks at global meeting point 24 Fintech – Interview
Riyadh – Mubasher: Omar Khaled, Chief Commercial Officer (CCO) at EzPay, a Saudi payments startup company that was established in 2023, talked with Mubasher.info during the 24 Fintech event which launched today in Saudi Arabia. Khaled noted that …
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4 September 11:33 AM Borouge’s shareholders greenlight $650m interim cash dividend for H1-24
Abu Dhabi – Mubasher: The shareholders of Borouge approved an interim cash dividend of $650 million for the first half (H1) of 2024, according to a press release. The company will disburse 7.94 fils per share, representing an annualised dividend …
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4 September 10:40 AM UAE-based Gulf Capital exits Egypt’s Middle East Glass
Mubasher: Abu Dhabi-based Gulf Capital has sold its stake in Egypt-listed Middle East Glass (MEG) to the majority shareholder of the business, MENA Glass Holdings Limited, according to a press release. Gulf Capital’s investment enabled Middle East …