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25 June 09:58 AM

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38 minutes ago Mastercard, urpay team up to foster cross-border payment services
Riyadh – Mubasher: Mastercard penned a strategic deal with urpay, a digital wallet powered by neolaep, to provide the latter’s consumers across the Kingdom with access to a wide range of cross-border payment solutions. The agreement aligns with …
Global Economy
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24 June 04:35 PM Euronet, Fintech Galaxy partner to offer banking services across MEA
Mubasher: Digital payments firm Euronet is partnering with open banking leader Fintech Galaxy to provide banking-as-a-service across the Middle East and Africa (MEA) Their new platform offers account-based payment processing capabilities and other …
Companies Investments
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24 June 04:18 PM Tadawul closes Monday in red
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Monday lower by 0.28% at 11,697.04 points. TASI’s trading value stood at SAR 8.69 billion through the exchange of 292.43 million shares. Miahona topped the …
Trading Activities
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24 June 03:24 PM NMC to acquire Al Salam Health Medical Hospital
Riyadh – Mubasher: National Medical Care Company (NMC) penned a SAR 44 million deal with Saudi Medical Care Group to acquire the entire share capital of Al Salam Health Medical Hospital. The two entities inked the purchase agreement on 23 June …
Mergers and Acquisitions
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24 June 02:42 PM Egypt’s Marseilia unveils plans to launch company in Saudi Arabia
Cairo - Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment has announced plans to establish a new subsidiary in Saudi Arabia named Marseilia Saudi Arabia for Urban Development, said Chairman Sherif Heliw. The investment in this …
Companies Investments
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24 June 02:24 PM SASCO names Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) has appointed Chairman, Vice Chairman, and a Managing Editor. The company’s board appointed Ibrahim Mohammed Alhudaithi as Chairman, according to a bourse filing. The board also named …
Board of Directors
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24 June 01:58 PM Almarai, Development Bank launch Saudi cooking training programme
Riyadh – Mubasher: Almarai Company partnered with Saudi Arabia's Social Development Bank to launch a new training programme for small catering businesses. Dubbed 'Almarai Chefs', the programme aims to empower and support owners of cooking projects …
Companies Investments
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24 June 01:50 PM Budget Saudi names new Chairman, Vice Chairman
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) appointed Ibrahim Saad Al Mojel as the board’s Chairman for the next four years. Abdulwahab Abdulkarim Albetari was named as the Vice Chairman, according to a bourse …
Management Decisions
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24 June 12:57 PM MubasherTrade Research initiates coverage on Act Financial's FV ahead of EGX listing
Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …
Trading Activities
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24 June 12:12 PM Spinneys opens first store in Saudi Arabia
Riyadh – Mubasher: Dubai-based supermarket operator Spinneys has opened its first Saudi location in Riyadh on 43,520 square feet in the mixed-use La Strada Yard development in the An-Nuzha district. The Riyadh store will produce bakery, meat and …
Companies Investments
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24 June 10:15 AM Ooredoo partners with NVIDIA to boost AI revolution in MENA
Mubasher: National Mobile Telecommunications Company (Ooredoo) teamed up with NVIDIA Cloud Partner (NCP) to become a leading digital infrastructure provider in the MENA region. Ooredoo will leverage NVIDIA’s accelerated computing platform to help …
Global Economy
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24 June 08:33 AM Neft Alsharq to start trading shares on Nomu this week
Riyadh – Mubasher: Neft Alsharq Company for Chemical Industries is set to begin the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Tuesday, 25 June. The Saudi firm plans to float 5 million shares …
Trading Activities
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23 June 04:46 PM TASI, NomuC end Sunday higher
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Sunday higher by 2.01% at 11,729.97 points. TASI’s trading value stood at SAR 5.18 billion through the exchange of 205.73 million shares. Rasan Information …
Trading Activities
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23 June 04:13 PM ADIB unveils strategic partnership with DIFC Innovation Hub for fintech growth in region
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …
Global Economy
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23 June 03:06 PM Orange Energies opens digital platform to all African energy firms
Mubasher: Orange Energies has announced opening its digital energy platform to all firms on Africa to boost access. The Orange Smart Energies software facilitates prepaid solar and meter payments via mobile money, reducing non-payment risk for …
Companies Investments
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23 June 11:42 AM Madinah launches investment opportunity for rural lodge project
Riyadh – Mubasher: The Madinah Municipality has offered an investment opportunity to build and operate a rural lodge, aiming to boost the local economy. Located on a 12,277 square meter plot along Al Aqiq Valley Corniche, the 25-year contract …
Companies Investments
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23 June 11:24 AM MIS’ unit Edarat Communication announces SAR 126m project award
Riyadh – Mubasher: Edarat Communication and Information Technology Company received a project award valued at SAR 125.77 million from Al Moammar Information Systems Company (MIS). The project contract, which was awarded on 13 June, covers the …
Companies Investments
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23 June 10:36 AM SIDC eyes restructuring capital to lower accumulated losses
Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) submitted an application file, on 13 June, to the Capital Market Authority (CMA) to reduce its capital by SAR 265 million. The new capital will stand at SAR 135 million distributed …
Companies Investments
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23 June 10:14 AM Southern Province Cement, Yanbu Cement study merger
Riyadh – Mubasher: Southern Province Cement Company has signed a non-binding memorandum of understanding (MoU) with Yanbu Cement Company to evaluate the feasibility of merging the two companies. The two companies will commence the process of due …
Mergers and Acquisitions
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23 June 08:31 AM Al Rashid Industrial to disburse SAR 8m cash dividends for 2023
Riyadh – Mubasher: Al Rashid Industrial Company obtained the extraordinary general meeting (EGM) approval to disburse cash dividends amounting to SAR 8 million for 2023. Eligible shares will receive SAR 1 per share, representing 10% of the share's …
General Assembly
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20 June 06:54 PM Commercial Bank of Dubai joins Emirates Development Bank to facilitate international trade
Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …
Global Economy
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20 June 06:29 PM Bayanat, UK’s Oxa to create regional powerhouse for AV technology upon strategic partnership
Abu Dhabi – Mubasher: Bayanat AI has formed a strategic partnership with Oxa, an Oxford-headquartered pioneer in autonomous vehicle (AV) technology, to advance the development and deployment of autonomous vehicle solutions in the UAE and beyond. …
Global Economy
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20 June 02:42 PM Vietnamese EV firm VinFast sets up regional HQ to accelerate Middle East growth
UAE – Mubasher: Electric vehicles (EV) manufacturer VinFast Trading and Production Joint Stock Company is establishing its regional headquarters (HQ) in the UAE with the support of Dubai International Chamber, according to a press release. The new …
Global Economy
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19 June 05:54 PM Saudi CMA approves Tadawul listing of Jana Medical
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has passed the registration and offering shares of Jana Medical Company on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). The CMA’s board issued its resolution on …
Companies Investments
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19 June 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
Banking and Finance