Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has renewed its Sharia-compliant credit facilities agreement with Al Rajhi Bank at a total value of SAR 350 million, according to a bourse filing. The company renewed …
Riyadh – Mubasher: Alkhaleej Training and Education Company has announced a 180-day extension to its non-binding memorandum of understanding (MoU) with GFH Financial Group regarding the proposed merger of their respective educational assets. The …
Riyadh – Mubasher: Bank Aljazira intends to issue US dollar-denominated additional tier 1 (AT1) capital certificate issuance under its program established on 4 September 2025, according to a bourse disclosure. The lender has mandated regional and …
Riyadh - Mubasher: BinDawood Holding Company penned a Sharia-compliant Murabaha financing from Arab National Bank (ANB) and Emirates NBD Bank to fund the acquisition of 51% of the shares of Vaza Food Company. The company obtained SAR 217.80 …
Riyadh - Mubasher: Standard Chartered has received approval from the Capital Market Authority (CMA) for its subsidiary, Standard Chartered Capital Saudi Arabia, to conduct investment management and fund operations activities in the Kingdom, …
Riyadh – Mubasher: Alkhabeer Capital, a Saudi-based asset manager and investment firm, has been recognized by Great Place to Work Middle East as the Best Workplace in Saudi Arabia’s financial sector for the 14th consecutive year, according to a …
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved the public offering of the Al Rajhi GCC Equity Income Fund, which will be managed and offered by Al Rajhi Capital, a subsidiary of Al Rajhi Bank. The approval allows the fund to be …
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has obtained the final approval from the Saudi Insurance Authority (IA) to market and sell its new Tourist Insurance product, according to a bourse filing. The insurance solution is …
Mubasher: Liva Group, a leading insurance group operating across the GCC, has appointed Michael Thomssen as Group Chief Financial & Investment Officer, according to a press release. Thomssen will be responsible for delivering strong financial …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt and a subsidiary of the UAE listed FAB, recently entered into a strategic partnership agreement with leading fintech company across the Middle East …
Riyadh – Mubasher: Saudi Arabia and the UAE cut their US Treasury holdings in March by nearly $17 billion as the Iran conflict hit crude exports, their key source of dollar income. The kingdom reduced its US Treasury holdings by $10.80 billion to …
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has nodded for Al Rajhi Capital, a subsidiary of Al Rajhi Bank, to proceed with the public offering of the Al Rajhi GCC Equity Fund (Excluding KSA), according to an official …
Riyadh – Mubasher: SAB Invest, the investment arm of Saudi Awwal Bank (SAB), was announced as the first ETF market maker in the Kingdom, marking a new milestone in the Saudi capital market, according to a press release. The CEO of SAB Invest, Ali …
Dubai - Mubasher: Al Ramz Corporation Investment and Development delivered solid financial results in the first quarter (Q1) of 2026, reflecting the group’s digital innovation that reinforces its position for sustained growth and long-term value …
Riyadh – Mubasher: Riyad Bank and Mastercard jointly launched an innovative Travel and Expense (T&E) Corporate Card program, marking the Saudi lender’s first corporate card offering in the Kingdom. The launch builds on the two entities’ ongoing …
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company plans to issue Sharia-compliant, USD-denominated, fixed-rate RegS senior unsecured Sukuk, according to a bourse filing. Dar Al Arkan has mandated Abu Dhabi Commercial Bank (ADCB), Abu …
Mubasher: GFH Bank, formerly known as GFH Financial Group, reported net profits valued at $34.34 million in the first quarter (Q1) of 2026, up 11.90% year-on-year (YoY) from $30.69 million. The basic and diluted earnings per share (EPS) reached …
Riyadh - Mubasher: MENA-based digital freight network TruKKer secured an inaugural trade receivables securitization facility of up to $300 million arranged and funded by Abu Dhabi Commercial Bank (ADCB). The transaction, among the GCC’s first …
Riyadh – Mubasher: Saudi fintech Stitch has secured $25 million in Series A funding led by the US-based VC Andreessen Horowitz (a16z), marking its first investment in the GCC region. The transaction brings Stitch’s total funding to $35 million, …
Dubai – Mubasher: Shuaa Capital and Key Capital Limited joined forces to support the development of the venture capital (VC) secondaries market across MENA and EMEA. Key Fund I LP targets a fund size of $50 million and pursues a disciplined …
Dubai – Mubasher: Union Coop generated AED 102.34 million in net profit after tax during the first quarter (Q1) of 2026, an annual rise from AED 99.35 million. Total income from operating activities reached AED 676.24 million in Q1-26, up …
Abu Dhabi – Mubasher: The net profits of Bank of Sharjah increased by 30% year-on-year (YoY) to AED 151.19 million in the first quarter (Q1) of 2026 from AED 116.17 million. The basic and diluted earnings per share (EPS) went up to AED 0.05 in …
Cairo – Mubasher: Emirates NBD Egypt, a subsidiary of UAE-based Emirates NBD, delivered strong financial performance in the first quarter (Q1) of 2026, generating 22% year-on-year (YoY) higher net profits at EGP 1.70 billion. Net interest income …
Riyadh – Mubasher: Vault, a global digital wealth management and advisory platform, has expanded its services into Saudi Arabia after obtaining the Capital Market Authority (CMA) license for advisory services. The first digital private wealth …
Dubai – Mubasher: Dubai Islamic Bank (DIB) and Mashreq Bank jointly signed memoranda of understanding (MoUs) with the Ministry of Industry and Advanced Technology (MoIAT) to secure financing for boosting the industrial sector. The ministry will …
