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20 February 2025 05:43 PM Saudi Arabia now has Riyal symbol; historic move to reinforce currency's identity

Riyadh – Mubasher: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved launching the Saudi Riyal symbol on 20 February 2025. The Riyal symbol marks a historic move that will reinforce the Saudi currency's identity, …

Macroeconomics

3 June 2025 06:05 PM Stride Ventures eyes business in Saudi Arabia to fuel regional expansion plans

Riyadh – Mubasher: Stride Ventures, a global venture debt firm, has unveiled plans to launch a business in Saudi Arabia in line with its growth strategy in the GCC region. Stride Ventures currently boasts an active investment pipeline of up to …

Global Economy

19 February 2025 05:53 PM EFG Hermes KSA to lead major IPOs, deals in 2025 – Interview at CMF2025

Riyadh – Mubasher: Saud Altassan, CEO at EFG Hermes KSA, a unit of EFG Hermes Holding, said that the company is expected to witness more initial public offerings (IPOs) and acquisition deals in 2025. In an exclusive interview with Mubasher on the …

Global Economy

19 February 2025 04:46 PM ExxonMobil features latest technologies during partaking in EGYPES 2025 as diamond sponsor

Cairo – Mubasher: ExxonMobil reaffirms its commitment to Egypt's energy future as a prominent participant at EGYPES 2025, which is held on 17-19 February at the Egypt International Exhibition Center. This participation reflects ExxonMobil's …

Event

19 February 2025 03:51 PM Saudi Tadawul Group unveils capital management system during CMF2025

Riyadh – Mubasher: Saudi Tadawul Group Holding Company has launched its new Capital Management System (CMS) on the sidelines of the Capital Markets Forum (CMF) 2025, which will conclude on 19 February. The CMS marks a transformative shift in …

Companies Investments

19 February 2025 09:52 AM Wamid, Google Cloud, Deloitte ink partnership agreement at CMF2025

Riyadh – Mubasher: Wamid, Google Cloud, and Deloitte have entered into a strategic trilateral agreement to develop advanced data products tailored for stakeholders in the Saudi capital market. The partnership was announced on the first day of the …

Global Economy

19 February 2025 09:04 AM Aljazira Capital, Target launch SAR 1bn fund at CMF2025

Riyadh – Mubasher: Aljazira Capital and Target have launched AlJazira Target Al Narjus Real Estate Fund with a size exceeding SAR 1 billion, as per a statement. The launch was announced on the first day of the fifth edition of the Capital Markets …

Event

19 February 2025 08:34 AM Tadawul expected to welcome over 50 IPOs in 2025 – Al Rumaih at CMF

Riyadh – Mubasher: Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange (Tadawul) revealed that the Main Market and the Parallel Market (Nomu) welcomed more than 45 initial public offerings (IPOs) in 2024. On the sidelines of the Capital Market …

Event

2 June 2025 05:04 PM Giza Systems announces new CEO appointment, regional expansion plans

Mubasher: Giza Systems, Egypt-based subsidiary of Arabian Internet and Communications Services Company (solutions) by Saudi Telecom Company (stc), appointed Ahmad Elharany as Group CEO. The company announced the appointment during a roundtable …

Global Economy

2 June 2025 00:26 PM Flynas launches 2 weekly direct flights to Damascus

Riyadh – Mubasher: Flynas has announced two weekly direct flights between Jeddah and Damascus as of 12 June, within the framework of the company's regional expansion, according to a press release. The Saudi carrier seeks to meet travelers needs …

Global Economy

2 June 2025 08:51 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …

Trading Activities

18 February 2025 08:57 PM Tadawul inks agreement with Jakarta Futures Exchange at CMF2025 to attract Indonesian investments

Riyadh – Mubasher: Saudi Exchange (Tadawul) penned a new memorandum of understanding (MoU) with the Jakarta Futures Exchange (JFX) during the fifth edition of the Capital Market Forum (CMF). The joint deal aims to encourage large Indonesian firms …

Companies Investments

18 February 2025 08:20 PM SNB Capital, Awqaf Investment ink agreement at CMF2025 to enhance investment products

Riyadh – Mubasher: SNB Capital signed an agreement with Awqaf Investment to provide investment services for endowment assets exceeding SAR 8 billion, according to a press release. The deal, which was signed during the fifth edition of the Capital …

Banking and Finance

18 February 2025 07:34 PM Edaa launches Edaa Connect at CMF2025 to streamline access to mutual funds

Riyadh – Mubasher: Edaa, the Securities Depository Center of the Saudi Tadawul Group launched Edaa Connect, a first-of-its-kind platform designed to transform investor access to mutual funds in the Saudi capital market. The launch was announced on …

Event

18 February 2025 07:10 PM Saudi Tadawul Group inks MoU with Financial Academy during CMF2025

Riyadh – Mubasher: Saudi Tadawul Group signed a memorandum of understanding (MoU) with the Financial Academy on the sidelines of the fifth edition of the Capital Markets Forum (CMF), which is being held in Riyadh until 20 February. The agreement …

Global Economy

18 February 2025 10:00 AM Capital Markets Forum 2025 Kicks off in Riyadh

Riyadh – Mubasher: The fifth edition of the Capital Markets Forum (CMF) kicked off in Riyadh on Tuesday, 18 February, under the theme ‘Powering Connections’. Organised by the Saudi Tadawul Group, the event is being held under the patronage of …

Event

1 June 2025 00:06 PM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …

Trading Activities

1 June 2025 08:03 AM UAE-based Bloomspoon backs regional expansion via funding from Shark Tank

UAE – Mubasher: Dubai-based startup Bloomspoon has secured investment valued at AED 800,000 in exchange for 49% equity during Season 3 of Shark Tank Dubai. The deal was offered by Toufic Kreidieh, Executive Chairman and Co-Founder of the Brands …

Companies Investments

1 June 2025 07:02 AM ADNOC Drilling eyes 70% stake in SLB's rigs business in Kuwait, Oman

Abu Dhabi – Mubasher: ADNOC Drilling Company has signed an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman, according to a press release. The ADX-listed firm will own eight fully operational land rigs under …

Companies Investments

16 February 2025 08:32 PM stc enters into strategic agreements with global digital entities at LEAP 2025

Riyadh – Mubasher: More than 75 strategic partnerships between Saudi Telecom Company (stc) Group and tech industry giants were signed at LEAP 2025, which concluded on 12 February after lasting for four days, according This year, stc set new …

Companies Investments

16 February 2025 04:41 PM PIF-owned Diriyah selects IBM’s enterprise asset management solution at LEAP 2025 for more operational efficiency

Riyadh – Mubasher: Diriyah Company has selected IBM Maximo Application Suite (MAS), during its participation at the four-day LEAP 2025 event in Saudi Arabia, to monitor and manage assets across the Diriyah Project, according to a press release. As …

Global Economy

16 February 2025 02:29 PM stc’s iot squared joins Ericsson at LEAP 2025 to launch platform with Alshaya inaugural customer

Riyadh – Mubasher: Ericsson and Saudi Telecom Company (stc) Group’s iot squared jointly launched Ericsson Connected Recycling platform in Saudi Arabia during the four-day LEAP 2025 event, with Alshaya Group being the inaugural customer. The local …

Global Economy

16 February 2025 01:48 PM Recently launched upsource partners with Cognizant at LEAP 2025 via 3-year strategic agreement

Riyadh – Mubasher: upsource by solutions has teamed up with Cognizant through a three-year strategic partnership that was signed at LEAP 2025 to reshape business process outsourcing (BPO) in Saudi Arabia and beyond, according to a press release. …

Companies Investments

29 May 2025 06:34 AM UAE-based fintech Qashio backs regional expansion plans via $19.8m funding

UAE – Mubasher: Dubai-headquartered fintech company Qashio has raised $19.80 million in its latest funding round to expand into Saudi Arabia and deepen its business-to-business (B2B) program across the MENA region. The fundraising transaction is a …

Companies Investments

29 May 2025 05:57 AM Stitch raises $10m seed to transform financial landscape in MENA

Riyadh – Mubasher: Saudi fintech infrastructure platform Stitch has closed a $10 million seed funding round, led by Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC). Regional family offices and other angel investors, …

Companies Investments

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