Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Al Etihad Cooperative Insurance Company's request to increase its capital from SAR 450 million to SAR 500 million through 5 million bonus shares. The company will carry out the …
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) has appointed Wazen Al Solami to be the CEO of Yansab starting from 1 May 2024. The decision was made during the board meeting on 18 April this year, according to a bourse filing. Al …
Riyadh - Mubasher: Watheeq Capital, the financial advisor for the Initial Public Offering (IPO) of Qomel Company on the Parallel Market (Nomu), disclosed its offering price to be SAR 80 per share. Subscription for the offering is scheduled to take …
Riyadh – Mubasher: Ayyan Investment Company’s net loss soared 384.11% year-on-year (YoY) to SAR 216.06 million in 2023 from SAR 44.63 million. Revenues jumped 25.18% YoY to SAR 333.27 million last year from SAR 266.22 million, according to the …
Riyadh – Mubasher: The estimated net profit of Jarir Marketing Company (Jarir Bookstores) dropped 11.50% year-on-year (YoY) to SAR 219.30 million in the first quarter (Q1) of 2024 from SAR 247.80 million in the similar quarter of 2023. Revenues …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) launched the Single Stock Options (SSOs) contracts on the Saudi Arabian Mining Company (Ma'aden). SSOs are set to be available from 21 April 2024, which will be cleared by the Securities Clearing …
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices tumbled on Thursday, after showing a positive performance yesterday. The EGX30 main index dropped 4.50% to 28,332.65 points. The small- and mid-cap EGX70 EWI plunged by 4.82% to 6,504.19 …
Abu Dhabi – Mubasher: E7 Group penned multiple new contracts to provide security solutions and commercial printing services across the MEA region. The agreements align with the group’s strategy to boost global expansion and profitable growth, …
Dubai – Mubasher: Dubai Investments has disbursed 12.50% cash dividends to the shareholders for the financial year that ended on 31 December 2023, according to a press release. The shareholders greenlighted the cash dividends during the 28th …
Riyadh – Mubasher: The main market's All Share Index (TASI) on the Saudi Exchange (Tadawul) edged up by 0.29% on Thursday, closing at 12,502.35 points. Trading activity saw a turnover of SAR 8.18 billion, with 310.94 million shares exchanged. …
Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) has completed the acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company, according to a press release. The transaction will enable ADNIC to become one of …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 35.24 points (0.84%) on Thursday and ended the trading session at 4,208.17 points. DFM’s turnover stood at AED 414.17 million through the exchange of 208.70 million shares. …
Riyadh – Mubasher: Tabuk Agricultural Development Company (TADCO) has signed a non-binding memorandum of understanding (MoU) with Topian, NEOM's food company. The MoU includes cooperation for the planning, development, construction, and operation …
Riyadh – Mubasher: Sure Global Tech Company has signed a three-year contract with a total value of SAR 94.16 million. Under the contract, Sure will build, develop, and operate an electronic platform, according to a bourse filing. The contract is …
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) and ACWA Power Company have announced the financial closing of an AED 3.37 billion seawater reverse osmosis (RO) desalination project in Hassyan. With a capacity of 180 million …
Mubasher: areeba, a leader in payment solutions and processing services, announced the successful certification of its in-house-developed switch by Mastercard, according to a press release. The two parties join forces to provide world-class …
Cairo – Mubasher: The Ordinary General Meeting (OGM) of Madinet Masr Housing and Development has approved the distribution of EGP 0.20 in cash dividends for 2023. The dividends are set to be paid in two instalments, the first of which amounts to …
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company submitted an application file to the Capital Market Authority (CMA) on 17 April 2024 to increase its capital to SAR 380 million. The insurance firm plans to raise its capital by offering …
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) posted an unaudited consolidated net profit after tax of AED 175.73 million in the first quarter (Q1) of 2024, up from AED 139.15 million in the comparative quarter a year earlier. …
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a SAR 1.72 billion contract from National Water Company for long-term operation and maintenance works at Sewage Treatment Plants in Al Ahsa City. Under the 15-year …
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) incurred accumulated losses valued at AED 143.21 million at the end of the fourth quarter (Q4) of 2023. The registered accumulated losses account for 63.44% of the company’s …
Cairo – Mubasher: A subsidiary of the National Bank of Egypt (NBE) has submitted a request to launch a new gold investment fund, said Mohammed Fareed, Chairman of the Financial Regulatory Authority (FRA). The clientele of the only two gold …
Riyadh – Mubasher: Thimar Development Holding Company has established a new company called Thimar Towers Development and Real Estate Investment Company The newly created firm, a limited liability company of one person, is headquartered in Riyadh, …
Cairo - Mubasher: Egypt's Prime Minister, Mostafa Madbouly, stated that Thursday, 25 April, will be an official holiday on the occasion of Sinai Liberation Day, according to the Cabinet’s statement. The holiday will be fully paid for all employees …
