Abu Dhabi – Mubasher: E7 Group inked three security solutions contracts at a total value of AED 12.90 million to expand its network in the UAE and Middle East, according to a press release. The one-year agreements cover the manufacture and supply …
Mubasher: The consolidated net profit after tax and directors’ remuneration of National Industries Group Holding (NIG) surged to KWD 46.77 million in 2023 from SAR 33.92 million a year earlier. Revenues from sales and contracts with customers …
Mubasher: GFH Financial Group’s annual general meeting (AGM) has elected a new board of directors for the next three years, according to a bourse filing. The new board include Hisham Ahmad Alrayes, Ali Murad Ali, Darwish Abdulla AlKetbi, Ghazi …
Mubasher: GFH Financial Group has appointed Zayed Alzayani as board Chairman of its subsidiary Roebuck, a London-headquartered Pan-European real estate logistics investor and asset manager. Alzayani has four decades of experience spanning senior …
Riyadh – Mubasher: The global energy transition strategy has not succeeded in many aspects due to five hard realities that should be considered to adjust its path, stated Amin Nasser, President & CEO of Saudi Arabian Oil Company (Aramco). These …
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
Riyadh – Mubasher: TAWAL, an information and communications technology (ICT) infrastructure subsidiary of Saudi Telecom Company (stc), has announced a new technical system for private 5G networks at LEAP 2024. TAWAL joined forces with MOBiSENSE to …
Mubasher: GFH Financial Group has acted as the joint lead managers and bookrunners for the issuance of a $500 million sukuk by Arabian Centres Company (Cenomi Centers), according to a press release. The five-year offering registered a total order …
Mubasher: Kuwait Telecommunications Company (stc) has announced the Middle East's inaugural commercial deployment of 5G RedCap Fixed Wireless Access (FWA) service. A groundbreaking advancement in broadband connectivity, the 5G RedCap FWA service …
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
Riyadh – Mubasher: Digital Solution Provider Elm Company has signed a memorandum of understanding with the Saudi Red Sea Authority (SRSA), the organiser and enabler of coastal tourism in the kingdom, to provide online services. The MoU also …
Mubasher: GFH Financial Group has signed an agreement with Southern Star Investments WLL to sell a portion of its ownership in the Khaleeji Bank’s Additional Tier 1 (AT1) Certificates. The transaction was concluded at a nominal value of $74.96 …
Riyadh – Mubasher: Digital solutions provider Elm Copmany is showcasing some its innovative products and solutions at the third edition of the LEAP conference, which is running in the capital of Saudi Arabia until 7 March 2024, according to a …
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) entered into a strategic partnership agreement with Altibbi, a remote medical consultation platform that directly connects patients to physicians. Under the collaboration, …
Riyadh – Mubasher: The President and CEO of Saudi Arabian Oil Company (Aramco), Amin Nasser, unveiled the company’s new large language AI model, aramcoMETABRAIN, according to a press release. During his speech on the Digital Leadership in the …
Cairo – Mubasher: Egypt Kuwait Holding (EKH) posted a consolidated net profit of $217.81 million in 2023, down from $362.08 million a year earlier. Revenues also dropped to $747.70 million last year from $1.05 billion in 2022, according to the …
Riyadh – Mubasher: The third edition of the Saudi Capital Market Forum (SCMF) has witnessed the successful rollout of Single Stock Options (SSOs) contracts on the Saudi National Bank (SNB). The debut of SSOs on the SNB is expected to empower both …
Mubasher: GFH Financial Group signed a financial advisory service agreement with SNB Capital, a subsidiary of the Saudi National Bank (SNB), to manage the GFH’s application for cross-listing on the Saudi Exchange (Tadawul). The cross-listing will …
Riyadh – Mubasher: Buruj Cooperative Insurance Company has announced that its majority shareholder Gulf Insurance Group (GIG) entered a binding agreement to sell its entire stake in the company to Cigalah Trading Establishment for SAR 121.83 …
Mubasher: GFH Financial Group posted 7.69% higher consolidated net profits at $105.23 million in 2023, compared to $97.71 million in 2022, according to a press release. Earnings per share (EPS) hit $2.95 as of 31 December 2023, up 11.32% …
Mubasher: National Mobile Telecommunications Company (Ooredoo) logged net profits attributable to the owners valued at QAR 3.01 billion in 2023, an annual rise of 28% from QAR 2.36 billion. Total revenues increased by 2% year-on-year (YoY) to QAR …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has received a directive from the Ministry of Energy to maintain its maximum sustainable capacity (MSC) and not to continue increasing it to 13 million barrels per day (MMBD). Based on the …
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) inked a term sheet with Jiangsu Recbio Technology Company Limited for the licensing, supply, and technology transfer of Recombinant Human …
Riyadh – Mubasher: Saudi Telecom Company (stc) has maintained its top spot as the highest valuable brand in the telecom sector across the Middle East with $13.90 billion, according to Brand Finance Global 500 report for 2024. stc was the strongest …