Gulf news

Abu Dhabi – Mubasher: E7 Group’s assembly general meeting (AGM) has sanctioned the division of each issued share, previously valued at AED 2.50, into 10 shares, each valued at AED 0.25. The company’s share capital has been set at AED 524.81 …

Abu Dhabi – Mubasher: The annual general meeting (AGM) of e& approved a new progressive dividend policy with an annual incremental increase of AED 0.03 for the years 2024, 2025, and 2026. The raise will bring the dividend per share (DPS) to AED …

Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) declined by 128.72 points (1.03%) to 12,355.69 points at the end of Wednesday’s session. A total of 388.76 million shares were traded at a turnover worth …

Abu Dhabi – Mubasher: RAK Ceramics elected Saqr bin Saud bin Saqr Al Qasimi as the Chairman of the board. Fawaz Sulaiman Al Rajhi as the Vice Chairman was announced as the Vice Chairman, according to a bourse disclosure. The board members of RAK …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Wednesday’s trading session higher by 1.01 points (0.02%) at 4,167.33 points. The turnover stood at AED 546.19 million through the exchange of 178.97 million shares. Gulf …

Riyadh – Mubasher: Arriyadh Development Company announced the shareholders’ approval for SAR  0.25 per share for the second half (H2) of 2023, according to a bourse filing. This is in addition to SAR 0.25 per share as an exceptional distribution …

UAE – Mubasher: ARA Real Estate Development, a subsidiary of Core Holding, has revealed an AED 22 billion gated community project in Abu Dhabi. Named Arabian Hills Estate, the project is planned to be built on 244 million square feet, according to …

Riyadh – Mubasher: Saudi Arabia’s General Authority of Foreign Trade has awarded Sure Global Tech Company a SAR 13.86 million contract to diversify and develop supply chains in goods to ensure abundance and quality. The contract includes the …

Abu Dhabi – Mubasher: AD Ports Group penned agreements with Unicargas and Multiparques to serve the facility and the broader Angolan logistics market AD Ports will acquire an 81% stake in a joint venture (JV) that will operate the terminal in …

UAE – Mubasher: Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42, a subsidiary of artificial intelligence (AI) technology company G42. The partnership aims to start the …

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) unveiled the scheduled periodic Turnaround maintenance of three affiliated companies, which will enhance the reliability of the plants. International Vinyl Company (IVC), …

Dubai – Mubasher: The net profits of Dubai Islamic Bank (DIB) surged to AED 1.66 billion in the first quarter (Q1) of 2024 from AED 1.50 billion in Q1-23. DIB registered a total net income amounting to AED 5.60 billion in Q1-24, higher by 27% than …

UAE – Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has entered into a partnership agreement with Plenary Group, an Australian investor and developer of public-private infrastructure projects. Under the agreement, ADQ will …

Riyadh – Mubasher: The shareholders of Alinma Bank greenlighted the board’s proposal to increase the capital by SAR 5 billion from the retained earnings by way of granting one share for every four shares. The lender’s extraordinary general meeting …

Riyadh – Mubasher: Leejam Sports Company (Fitness Time) inaugurated a new centre for men in Al Majma Province on 23 April 2024. Situated on Umar bin Al Khattab Road in King Abdul Aziz district, the new centre operates under the brand Fitness Time, …

Abu Dhabi - Mubasher: Sawaeed Holding appointed Abdulla Rashed Mohammad Rashed Al Rashdi as the Chairman of the board. The board members also named Obaid Helal Obaid Mohammed Al Kaabi as the Vice Chairman, according to a bourse disclosure. In the …

Riyadh – Mubasher: The shareholders of Riyadh Cement Company approved the board’s recommendation to disburse cash dividends valued at SAR 90 million for the second half (H2) of 2023. The Saudi firm will distribute a cash dividend of SAR 0.75 per …

Cairo – Mubasher: Egypt-based fintech Bokra has closed a $4.60 million pre-Seed round led by DisrupTech Ventures and SS Capital, according to a press release. The fintech will use the funding to reshape wealth management in the MENA region by …

Riyadh – Mubasher: The net profit of First Milling Company (First Mills) grew 5.37% year-on-year (YoY) to SAR 77.72 million during the first quarter (Q1) of 2024 from SAR 73.75 million in the comparative period of 2023. Revenues rose 8.17% YoY to …

UAE – Mubasher: Dubai Chamber of Digital Economy, operating under Dubai Chambers, attracted nine multinational companies (MNCs) with a market value exceeding AED 304 billion ($82.84 billion) in 2023. This aligns with the emirate’s growing strategy …

Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) appointed Sami Abdul Mohsen Abdulaziz Al Hokair as the Chairman of the board for four years. Faisal Mohammed Ibrahim Al Malik was named as the board’s Vice …

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has launched du Pay to foster the UAE’s cashless economy and enhance its financial inclusion, according to a press release. Licensed by the Central Bank of the UAE (CBUAE), du …

Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) went down by 24.52 points (0.20%) to 12,484.41 points at the end of Tuesday’s session. A total of 409.65 million shares were traded at a turnover worth SAR …