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24 July 2025 03:47 PM Uber launches new features for specific customers in MENA region
Mubasher: Uber has introduced a new feature in the MENA region that is designed to make the Uber app easier and more accessible for older adults, according to a press release. The new product, under the name Senior Accounts of the app’s Family …
Global Economy
Photo Archive
23 July 2025 06:49 PM FAB’s net profits leap 26% in H1-25; global expansion plans unveiled
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) recorded net profits after tax valued at AED 10.65 billion in the first half (H1) of 2025, an annual increase of 26% from AED 8.42 billion. Operating income jumped by 16% year-on-year (YoY) to AED …
Global Economy
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23 July 2025 05:09 PM SAIB witnesses 9.5% higher profits in H1-25 initial results
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) generated SAR 1.01 billion in net profit during the first half (H1) of 2025, higher by 9.36% than SAR 928.80 million in H1-24. Earnings per share (EPS) was kept unchanged at SAR 0.68 as of 30 …
Financial Results
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23 July 2025 04:31 PM Yanbu Cement logs SAR 51.5m profits in H1-25; revenues up
Riyadh – Mubasher: Yanbu Cement Company registered 47.45% lower net profits at SAR 51.53 million in the first half (H1) of 2025, versus SAR 98.07 million a year earlier. Revenues hit SAR 540.74 million in H1-25, up 21.64% year-on-year (YoY) from …
Financial Results
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23 July 2025 03:02 PM Bank Albilad sees 11.5% higher profits in H1-25; dividends announced
Riyadh – Mubasher: The net profits of Bank Albilad surged by 11.58% year-on-year (YoY) to SAR 1.46 billion in the first half (H1) of 2025 from SAR 1.31 billion. The earnings per share (EPS) went up to SAR 0.98 in H1-25 from SAR 0.88 in H1-24, …
Banking and Finance
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23 July 2025 01:26 PM Astra Industrial’s profits near SAR 347m in H1-25; revenues down 6%
Riyadh – Mubasher: Astra Industrial Group generated 8.88% higher net profits at SAR 346.79 million in the first half (H1) of 2025, versus SAR 318.48 million in H1-24. The revenues hit SAR 1.54 billion at the end of June 2025, lower by 6.25% …
Financial Results
Photo Archive
23 July 2025 11:02 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 …
Global Economy
Photo Archive
23 July 2025 09:35 AM ANB’s profits hit SAR 2.6bn in H1-25; dividends unveiled
Riyadh – Mubasher: Arab National Bank (ANB) recorded 7.05% higher net profits at SAR 2.64 billion in the first half (H1) of 2025, compared to SAR 2.46 billion in H1-24. Earnings per share (EPS) hit SAR 1.32 in H1-25, higher than SAR 1.23 in H1-24, …
Banking and Finance
Adeer International and PARAGON Developments
22 July 2025 06:07 PM Egyptian-Saudi collaboration unveiled for Mostakbal City with over EGP 70bn investments
Cairo – Mubasher: Adeer International, a subsidiary of the Saudi Sumou Holding Group, has teamed up with Egyptian real estate firm PARAGON Developments in a strategic partnership that underscores both companies’ commitment to strengthening …
Real estate
Saudi Elevare360 and Qatari Sahmik
22 July 2025 03:49 PM Two MEIRA’s members collaborate to advance regional IR innovation, serve listed firms
Mubasher: Elevare360 Advisory, a Saudi-based investor relations and strategic communications consultancy, has signed a strategic partnership agreement with Qatari capital markets data and analytics platform Sahmik to accelerate investor relations …
Companies Investments
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22 July 2025 01:32 PM Prices of investment funds including certificates in EGP, USD – Update
Cairo – Mubasher: According to 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 …
Global Economy
Photo Archive
22 July 2025 05:49 AM Sipchem’s net profits fall 91.5% in H1-25; revenues hit SAR 3.8bn
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) posted 91.38% lower net profits at SAR 26.10 million in the first half (H1) of 2025, versus SAR 303 million in H1-24. The Saudi group generated revenues amounting to SAR 3.87 …
Financial Results
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22 July 2025 05:47 AM SNB to pay SAR 6bn dividends for H1-25
Riyadh – Mubasher: The Saudi National Bank (SNB) announced cash dividends after Zakat amounting to SAR 6 billion, representing 10% of its share capital, for the first half (H1) of 2025. The lender will disburse a dividend of SAR 1 per share for 6 …
Board of Directors
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22 July 2025 05:45 AM SAB generates SAR 4.2bn profits in H1-25
Riyadh – Mubasher: Saudi Awwal Bank (SAB) achieved  SAR 4.26 billion in net profit during the first half (H1) of 2025, an annual rise of 4.94% from SAR 4.06 billion. Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, compared to SAR …
Banking and Finance
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22 July 2025 05:43 AM Banque Saudi Fransi posts higher profits at SAR 2.7bn in H1-25; dividends proposed
Riyadh – Mubasher: Banque Saudi Fransi recorded net profits worth SAR 2.74 billion in the first half (H1) of 2025, an annual rise of 20.27% from SAR 2.27 billion. Earnings per share (EPS) amounted to SAR 1.02 as of 30 June 2025, up from SAR 0.87 …
Board of Directors
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22 July 2025 05:16 AM Riyad Bank’s net profits hike 15% in H1-25; dividends announced
Riyadh – Mubasher: Riyad Bank registered net profits worth SAR 5.08 billion in the first half (H1) of 2025, an annual surge of 15.24% from SAR 4.41 billion. Earnings per share (EPS) amounted to SAR 1.61 as of 30 June 2025, up from SAR 1.42 in …
Board of Directors
Eyad Alkassar and Mahmoud Fouz,Founders of Qlub
21 July 2025 04:31 PM Qlub fuels global expansion plans via $30m funding co-led by e&
UAE – Mubasher: Qlub, the ultra-fast payment system in restaurants, has raised $30 million in a new funding round to fuel global expansion, according to a press release. The transaction was co-led by Shorooq Partners and Cherry Ventures, with …
Global Economy
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21 July 2025 00:45 PM Al Rajhi Bank unveils 32.5% higher profits in H1-25; financing agreement secured
Riyadh - Mubasher: Al Rajhi Bank posted 32.45% higher net profits at SAR 12.05 billion in the first half (H1) of 2025, compared to SAR 9.10 billion in H1-24. The earnings per share (EPS) climbed to SAR 2.86 as of 30 June 202 from SAR 2.16 a year …
Companies Investments
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21 July 2025 10:50 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to 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 …
Mutual Funds
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21 July 2025 08:57 AM SNB logs SAR 12.1bn profits in H1-25, inks financing deal with solutions
Riyadh – Mubasher: The Saudi National Bank (SNB) recorded net profits valued at SAR 12.15 billion in the first half (H1) of 2025, an annual rise of 18.39% from SAR 10.27 billion. Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, up …
Companies Investments
Photo Gallery
21 July 2025 08:33 AM Air Arabia joins consortium to build national low-cost airline in Dammam
Mubasher: A consortium comprising Air Arabia, Nesma Group, and KUN Holding won the general authority of civil aviation’s (GACA) competition to establish and operate a new national low-cost airline at King Fahd International Airport in Dammam. The …
Companies Investments
Asian Infrastructure Investment Bank (AIIB)
20 July 2025 07:09 PM AIIB endorses regional ties as Kuwait becomes a member
Mubasher: The Asian Infrastructure Investment Bank (AIIB) announced that Kuwait has joined the membership after it completed its ratification process on 26 May 2025, in a move that strengthens the bank’s footprint in the region. As one of the …
Banking and Finance
Photo Archive
20 July 2025 00:21 PM Prices of investment funds including certificates in EGP, USD – Update
Cairo – Mubasher: According to 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 …
Trading Activities
Elsewedy Machinery and Johnson Controls–Hitachi
17 July 2025 06:22 PM Elsewedy, regional Johnson Controls–Hitachi win contract for Egypt’s high-speed rail megaproject
Cairo – Mubasher: Johnson Controls–Hitachi Air Conditioning Middle East and Africa (Johnson Controls–Hitachi Air Conditioning MEA) along with Elsewedy Machinery, the trading arm of Elsewedy Electric Group, won a major HVAC contract for the …
Global Economy
Alameda Healthcare
17 July 2025 05:38 PM UK-headquartered Addleshaw Goddard advises on $190m investment in Egypt’s Alameda
Cairo – Mubasher: International law firm Addleshaw Goddard, which is headquartered in London, has advised Egyptian private group Alameda Healthcare on its $190 million minority investment agreement with London-based private equity firm Development …
Companies Investments