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26 June 08:55 AM Canadian Medical Center boosts expansion plans via SAR 16.5m deal
Riyadh – Mubasher: Canadian Medical Center Company inked a contract with Johns Hopkins Aramco Healthcare, on 20 June, at a value of SAR 16.50 million. The agreement covers operating nine healthcare clinics for 24 months in line with the listed …
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25 June 04:27 PM Tadawul ends Tuesday with mixed performance
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Tuesday higher by 0.29% at 11,730.77 points. TASI’s trading value stood at SAR 7.09 billion through the exchange of 261.16 million shares. Al-Rajhi Company …
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25 June 03:39 PM Budget Saudi’s shareholders greenlight 10% capital raise
Riyadh – Mubasher: The shareholders of United International Transportation Company (Budget Saudi) approved the board’s recommendation to increase the capital and acquire all shares of Al Jazeera Equipment Company Limited (AutoWorld). The new …
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25 June 03:06 PM MIS unveils SAR 39m deal with SDAIA
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) won a SAR 38.74 million project contract to implement the local and national integration platform with the Saudi Data & AI Authority (SDAIA). MIS was awarded the deal on 24 June 2024 …
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25 June 01:45 PM Etihad Airways operates inaugural flight to Al Qassim in Saudi Arabia
UAE – Mubasher: Etihad Airways has launched flights from Abu Dhabi to Al Qassim, Saudi Arabia, marking the route as the carrier's fourth destination in the country. It is also the first ever direct air link connecting the UAE capital with Al …
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25 June 01:35 PM Xpence, Visa partner to fuel growth in GCC region
Riyadh – Mubasher: Xpence has entered into a five-year partnership for growth agreement with Visa to expand business in Saudi Arabia, according to a press release. Since the initial engagement under the Visa Fintech Fast Track programme in 2019, …
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25 June 01:34 PM Saudi CMA nods for offering of Arabian Mills for Food Products
Riyadh – Mubasher:  National Agricultural Development Company (Nadec) has announced that the Saudi Capital Market Authority (CMA) approved the registration and public offering of 15.39 million shares of Arabian Mills for Food Products, …
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25 June 12:28 PM HSBC debuts WorldTrader digital platform in UAE
UAE – Mubasher: HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release. WorldTrader will enable HSBC Wealth and Personal Banking …
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25 June 12:15 PM Chemanol inks 20-year contract with Aramco’s subsidiary
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has signed an agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a subsidiary of Saudi Arabian Oil Company (Aramco), to supply 100,000 tonnes of methanol annually …
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25 June 12:07 PM Yaqeen Capital to trade shares on Nomu this week
Riyadh – Mubasher: Yaqeen Capital Company will commence the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Wednesday, 26 June. The Saudi firm is set to list 3 million shares, representing 20% of …
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25 June 10:42 AM Crimson plans to bolster education landscape in Saudi Arabia
Riyadh – Mubasher: Crimson Education, a global leader in education and technology, has partnered with AstroLabs, to expand business to Saudi Arabia, according to a press release. Crimson has a network of universities and educational institutions …
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25 June 10:34 AM GE Vernova wins contracts for 3.8 GW power plants in Saudi Arabia
Riyadh – Mubasher: GE Vernova has secured turbine orders totalling 3.8 gigawatts (GW) from two new gas-fired power plants in Saudi Arabia, aligned with the country's renewable and emissions targets. The company booked orders in the first quarter …
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25 June 09:58 AM Abu Dhabi-based Lunate launches Chimera J.P. Morgan Global Sukuk ETF
UAE-Mubasher: Lunate Capital has launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8 July. The fund will track the performance of the J.P. …
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25 June 09:20 AM 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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …