Riyadh – Mubasher: The International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance held the second High-Level Strategic Dialogue on Capacity Development and agreed to a suite of support to IMF capacity development across the Middle …
Riyadh – Mubasher: Ghaia Investment Holding and next-generation investment management firm Chicago Global are introducing Parallax in Saudi Arabia to help institutions form, review and govern investment decisions. Parallax is developed by Chicago …
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 …
Mubasher: Majid Al Futtaim has officially launched SHARE in Saudi Arabia, introducing its flagship rewards program to one of the region’s fastest-growing and digitally connected markets, according to a press release. SHARE serves as the group’s …
Riyadh – Mubasher: The individual investor subscription period for Dar Al Balad for Business Solutions Company’s initial public offering (IPO) has been concluded at a final offer price of SAR 9.75 per share. The retail offering saw significant …
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 …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has officially announced the approval of SAB Invest to act as the first designated market maker under the Exchange Traded Funds (ETF) Market Making Framework, which was launched earlier in 2026. This …
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 …
Dubai – Mubasher: Air Arabia registered net profits after tax valued at AED 248.20 million in the first quarter (Q1) of 2026, down 22% year-on-year (YoY) from AED 305.13 million, according to the financial results. The lower profits were driven by …
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, …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) recorded SAR 120.13 billion in net profit attributable to the shareholders during the first quarter (Q1) of 2026, an annual leap of 25.55% from SAR 95.68 billion. The oil giant achieved …
Abu Dhabi – Mubasher: The net profits after tax of RAK Ceramics declined by 21.80% year-on-year (YoY) to AED 38.21 million in the first quarter (Q1) of 2026 from AED 48.87 million. The basic and diluted earnings per share (EPS) hit AED 0.03 in …
Riyadh - Mubasher: ADES Holding Company registered net profits attributable to the shareholders totaling SAR 236.44 million in the first quarter (Q1) of 2026, an annual rise of 21.78% from SAR 194.15 million. The revenues climbed by 62.61% to SAR …
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 …
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 …
Riyadh - Mubasher: Flynas Company generated SAR 117.90 million in net profit attributable to the shareholders during the first quarter (Q1) of 2026. The quarterly profits were lower by 20.26% year-on-year (YoY) than SAR 147.85 million, according …
Riyadh - Mubasher: Saudi Aramco Base Oil Company (Luberef) registered 16.45% year-on-year (YoY) higher net profits attributable to the shareholders at SAR 257.96 million in the first quarter (Q1) of 2026. The quarterly profits were compared with …
Abu Dhabi – Mubasher: ADNOC Drilling Company delivered its strongest first-quarter performance on record in terms of revenue and net income, backed by high fleet activity, integrated services growth, long-term contract coverage, and technology-led …
Mubasher: Mastercard has initiated a regional resilience program aimed at supporting SMEs across the MENA region while establishing a coordinated ecosystem of financial tools and policy support. Under the name ‘Built Small. Moving Strong,’ the new …
Riyadh – Mubasher: The Saudi Ministry of Hajj and Umrah has reinforced strict measures to maintain the "No Hajj Without a Permit" policy in line with its commitment to protecting the rights of authorized pilgrims. This mandate ensures that all …
UAE – Mubasher: Capital Group, one of the world’s largest active investment managers, plans to establish an office in the UAE’s Abu Dhabi Global Market (ADGM), marking its first within the Middle East region. The Abu Dhabi office is expected to be …
Mubasher: Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in MENA and Kazakhstan, witnessed double-digit growth across revenue, EBITDA, and net profit during the first quarter (Q1) of 2026. …
Riyadh - Mubasher: Zamil Structural Steel Company, Egypt-based subsidiary of Advanced Building Industries Company (SENAAT), inked a SAR 362.60 million agreement with Qatar-based Elegancia Steel Company. Under the 18-month agreement, Zamil …
Riyadh - Mubasher: The book building process for institutional subscribers in the shares of Dar Al Balad for Business Solutions, a leading information technology and industrial solutions company in the Kingdom of Saudi Arabia, commences …
Dubai - Mubasher: Aramex named Amadou Diallo as its new Group CEO who will lead the Accelerate28 strategy to strengthen the company's core business, improve customer experience, and scale capabilities across key growth markets. Diallo brings over …
