Mubasher: Switzerland-based NUOS AG is expected to establish a headquarters (HQ) in Abu Dhabi as a regional hub, which will boost the emirate's strategic location and resources for more growth in Europe, North America, and the MENA market. NUOS …
Mubasher: Dubai-based Seafood Souq has secured an exclusive alliance with Newsan Food, an Argentinan seafood supplier, to pave the way for direct Argentinian seafood exports to the GCC region and beyond, according to a press release. The UAE …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Thursday’s trading session lower by 1.31% at 11,498.93 points. TASI’s trading value stood at SAR 11.01 billion through the exchange of 403.32 million shares. …
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of two companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Al Fakhera Men’s Tailoring Company intends to list 16.67% of its …
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved cash dividends worth SAR 362.56 million, representing 5% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 0.50 …
Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …
Riyadh – Mubasher: Sure Global Tech Company obtained a SAR 45 million loan, on 12 June 2024, from Banque Saudi Fransi, according to a bourse disclosure. The sharia-compliant deal, which holds a tenor for one year, is secured by a promissory note …
Riyadh – Mubasher: Al Hammadi Holding completed the sale of vacant land in Al Rayyan district at a value of SAR 124.60 million on 12 June 2024. The book value of the land stands at SAR 69.33 million as previously announced in April, according to a …
Abu Dhabi – Mubasher: e& has launched a new contact and customer experience centre in Riyadh. The new facility is planned to create 1,500 jobs, according to a press release. The centre is outfitted with state-of-the-art communication technologies, …
Riyadh – Mubasher: The shareholders of Modern Mills for Food Products Company greenlighted SAR 81.83 million, equivalent to 100% of the share capital, for 2023. The firm will pay out a dividend of SAR 1 per share on 7 July 2024, according to a …
Riyadh – Mubasher: The board members of Middle East Paper Company (MEPCO) accepted the resignation of Sami Ali Al Safran as the company’s CEO. Jan Renders, a current board member, took over as an acting CEO of MEPCO on 13 June, according to a …
Riyadh – Mubasher: Jahez International Company for Information System Technology purchased real estate in Riyadh at a value of SAR 150 million, according to a bourse statement. Located in Almohammadiyah district in Riyadh, the land has a …
Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company has renewed a contract with Saudi Basic Industries Corporation (SABIC). Under the agreement, Bupa Arabia provides health insurance for SABIC’s employees and their families for one …
UAE- Mubasher: Nasdaq-listed Altair, a global leader in computational intelligence, has established a new office in Dubai, according to a press release. The new location, which is situated in one of Dubai's free-trade zones, expands Altair's …
Mubasher: The US Federal Reserve (Fed) left interest rates unchanged, signalling it will not pull back until seeing sustained progress lowering inflation from multi-decade highs. The Federal Open Market Committee (FOMC) has maintained the target …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) showed a negative performance on Wednesday after falling by 1.05% to 11,651.81 points. TASI’s trading value reached SAR 10.38 billion through the exchange of 529.05 …
Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) was awarded a project contract worth SAR 63.34 million from the Saudi Ministry of Health. The listed company won the deal on 11 June and is expected to sign …
Riyadh – Mubasher: Rawasi Albina Investment Company and Telecommunications Towers Company (TAWAL ) signed a contract valued at SAR 11.92 million, according to a bourse disclosure. The deal, which was penned on 11 June, covers the replacement of …
Riyadh – Mubasher: Alwasail Industrial Company submitted a request, on 11 June, to transfer its shares from the Parallel Market (Nomu) to the main market All Share Index (TASI). The board members granted their approvals on 26 December 2023, …
UAE- Mubasher: Emirates NBD has partnered with Citi to introduce a new USD cross-border clearing service in the Middle East. Emirates NBD will be the first bank to utilise Citi’s 24/7 USD Clearing service, offering round-the-clock cross-border …
Abu Dhabi – Mubasher: Omorfia Group, a beauty anchor majority owned by Multiply Group, has fully acquired the Grooming Company Holding (TGCH), a provider of salon and beauty services in the UAE. Omorfia closed the deal with CedarBridge Capital …
Cairo – Mubasher: The Egyptian Exchange (EGX) has launched the Shariah-complaint index, EGX33. The index comprises 33 meticulously selected companies whose activities adhere to the principles of Islamic Shariah, according to a press release. These …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has completed the secondary public offering of ordinary shares by the government, setting the final offer price at SAR 27.25 per share. The initial public offering (IPO) raised gross proceeds …
Riyadh – Mubasher: Al Taiseer Group Talco Industrial Company and Rasan Information Technology Company will list their shares on the Saudi Exchange (Tadawul) on Thursday, 13 June. Tadawul highlighted that the stock will be trading at daily and …
UAE – Mubasher: Luxury retailer Etoile Group has opened 11 new stores across the GCC region, expanding its portfolio of fashion brands. The openings included outlets under the company's Etoile La Boutique label as well as global luxury names …
