Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) inched higher by 0.04%, ending Wednesday’s trading session at 11,784.09 points. TASI’s trading value stood at SAR 5.17 billion through the exchange of 211.31 …
Mubasher: Servme, the leading reservation and guest CRM platform for restaurants and hospitality operators, had entered into a partnership with MyFatoorah, a leading payments platform, to boost payment adoption for restaurants across the Middle …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has announced the completion of all procedures to conclude selling its entire 49.90% equity in the UK-based Probitas Holdings (Bermuda) Limited (PHBL) and its subsidiaries. Saudi Re exited …
Riyadh – Mubasher: Saudi Arabia ranked first in MENA in terms of the value of venture capital (VC) investments during the first half (H1) of 2024, attracting $412 million, down 7% year-on-year (YoY), according to a report by MAGNiTT. Around 32% of …
Riyadh – Mubasher: Elm Company has signed an agreement with the Ministry of Interior and the Saudi Data and AI Authority (SDAIA) to develop and provide products and services. Signed on 9 July 2024, the agreement has a duration of 10 years starting …
Mubasher: The GCC saw a notable decline in project awards during the second quarter (Q2) of 2024, with total awards dropping by 19.70% year-on-year (YoY) to $51.70 billion from $64.30 billion in the same period last year. This downturn was …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) went up by 0.53% and ended Tuesday’s trading session at 11,779.83 points. TASI’s trading value stood at SAR 5.20 billion through the exchange of 208.73 million …
Riyadh – Mubasher: The shareholders of Ayyan Investment Company approved a 24.80% capital raise to SAR 1 billion from SAR 806.36 million, according to a bourse disclosure. After implementing the transaction, the number of shares will stand at …
Riyadh – Mubasher: Abdullah Al Othaim Markets Company inked a SAR 331.53 million contract with the General Organization for Social Insurance to lease land in Dammam, according to a bourse filing. The deal, which was signed on 8 July 202, covers …
Riyadh – Mubasher: Customer support solution provider MyAlice has launched its first headquarters in Riyadh, expanding operation in Saudi Arabia, in cooperation with AstroLabs. MyAlice seeks to enlarge its presence in Saudi Arabia by supporting …
Riyadh – Mubasher: Saudi Home Loans Company (SHL) renewed a Sharia-compliant credit facilities agreement with Arab National Bank (ANB) at an amount of SAR 2.05 billion. The facility will be used to expand and increase the sales volume in line with …
Riyadh – Mubasher: Najm for Insurance Services Company (Najm) has announced a new telematics initiative to improve road safety in Saudi Arabia. The initiative is powered by advanced mobility analytics technologies, and encourages safer driving …
Riyadh – Mubasher: Armah Sports Company penned a land lease contract to develop and operate two fitness clubs as well as commercial and office spaces in Al Wadi District, according to a bourse filing. Under the brand OPTIMO, the clubs will be …
Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) secured a Sharia facility amounting to SAR 70 million from Emirates NBD on 8 July 2024. The Saudi company obtained the loan for one year to finance its operations, …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has started issuing USD-denominated international bonds at a minimum subscription of $200,000. The bonds are issued under the company’s Global Medium Term Note Programme, according to a bourse …
Abu Dhabi – Mubasher: Agthia Group opened a new protein manufacturing facility at the Industrial City 1 in Jeddah, Saudi Arabia, according to a press release. This strategic investment aligns with Agthia's commitment to Saudi Vision 2030 to …
Riyadh – Mubasher: United Electronics Company (eXtra) recorded 37.14% year-on-year (YoY) higher net profits at SAR 200.40 million in the first half (H1) of 2024, compared to SAR 146.12 million. The company’s revenues reached SAR 3.49 billion in …
UAE - Mubasher: The UAE-based NOW Money partnered with global tech firm Mastercard to boost the payments industry across the GCC region, according to a press release. Through Mastercard payment cards, NOW Money customers will have secure and …
Mubasher: Saudi Arabia and the UAE accounted for 82% of the GCC countries' total oil exports to Japan in May 2024, with their exports totalling about 53.69 million barrels. The GCC countries exported about 61.85 million barrels of crude oil to …
Riyadh – Mubasher: NEO Space Group (NSG), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF), appointed international telecoms industry veteran Martijn Blanken as its new group CEO. Neo Space plans to unlock the potential of space …
UAE - Mubasher: EMX, a 7X logistics provider, launched EMX International to streamline e-commerce parcel delivery across the GCC region. The new service consolidates shipments to GCC, allowing companies to utilise Dubai as a gateway and optimise …
Riyadh – Mubasher: ASG Plastic Factory Company intends to list 750,000 ordinary shares, accounting for 10.64% of its total shares, on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Yaqeen Capital Company, the financial advisor and …
Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …
Riyadh – Mubasher: Saudi Arabia held the third position in 5G Download Speed among key markets in the EMEA region, according to a report released by Opensignal. The report highlighted that the Kingdom witnessed a significant improvement in 5G …
Riyadh – Mubasher: The Saudi Arabian capital, Riyadh, has ranked among the world’s top 15 fastest-growing cities by 2033 based on economy, population, and wealth in the Savills Growth Hubs Index. Riyadh’s population is anticipated to grow by 26% …
