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 …
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: United International Transportation Company (Budget Saudi) and SAMACO Automotive penned a strategic partnership agreement, according to a press release. Budget Saudi purchased 100 T-Roc cars to form a significant part of their …
Riyadh – Mubasher: King Abdulaziz University has awarded Naseej for Technology Company a project contract valued at SAR 16.18 million, according to a bourse filing. The deal, which was awarded on 10 June 2024, covers the upgrading and technical …
UAE – Mubasher: Dubai-based Tenderd has secured a $30 million Series A funding round, led by A.P. Moller Holding, along with Quadri Ventures, Saurya Prakash, Aramco's VC arm Wa’ed Ventures, among others. Tenderd will use capital infusion to drive …
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Qassim Cement Company approved increasing the capital by 22.80% to SAR 1.10 billion from SAR 900 million. The Saudi firm will issue 20.55 million ordinary shares with a nominal value of …
Riyadh – Mubasher: ROSHN Group, a real estate developer owned by the Saudi Public Investment Fund (PIF), has signed memorandum of understanding (MoU) with Arab National Bank, Bank Albilad, Bank AlJazira, and Riyad Bank. Under the MoUs, which were …
Riyadh – Mubasher: Thimar Development Holding Company plans to invest SAR 6 million in a real estate fund licensed by the Capital Market Authority (CMA) to develop a residential tower in Riyadh. Located in Olaya District, the project is expected …
Riyadh – Mubasher: The board members of ACWA Power Company recommended, on 10 June, a capital hike through a rights issue valued at SAR 7.12 billion. The board’s recommendation is subject to the approval of the relevant regulatory authorities and …
Riyadh – Mubasher: Naseej for Technology Company was awarded a project contract worth SAR 17.24 million with the Ministry of Commerce on 9 June 2024, according to a bourse filing. The agreement covers providing professional technical services in …
UAE – Mubasher: UAE-based proptech Stake closed a $14 million Series A funding round, led by MEVP Middle East Venture Partners (MEVP), along with Aramco-backed Wa'ed Ventures, Mubadala, and Republic. The funds will support the platform’s …
Riyadh – Mubasher: Academy of Learning Company inked a joint cooperation contract with Bunyan Training Company on 9 June 2024, according to a bourse filing. The agreement marks the first step of several subsequent projects between the two …
Cairo - Mubasher: El Ebour Real Estate Investment agreed to conclude contracting agreements in Saudi Arabia and the UAE, according to a bourse disclosure. The EGX-listed firm plans to ink a subcontracting contract between the company’s branch in …
Riyadh - Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) proposed cash dividends worth SAR 10.19 million, representing 3% of the capital, in the first quarter (Q1) of 2024. GO will disburse a dividend of SAR 0.30 per share for …
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) penned a joint agreement with Microsoft Arabia Limited and Saudi Data Center Fund 1 on 6 June, according to a bourse filing. The joint deal aims to provide colocation and data centre …
Riyadh – Mubasher: The shareholders of Sumou Real Estate Company greenlighted a 33.33% capital hike to SAR 500 million from SAR 375 million, according to a bourse disclosure. The number of shares will stand at 50 million shares, higher by 12.50 …
Riyadh – Mubasher: International Medical Supplies Company (Premma Health), a wholly-owned subsidiary of Arabian International Healthcare Holding Company (Tibbiyah) rolled out a SAR 23.80 million contract award. The project, which was awarded by …
Riyadh – Mubasher: Mouwasat Medical Services Company has joined forces with Aldawaa Medical Services Company and established Modawa and Rieaya Medical Company Limited. The new joint venture (JV) will manage medical clinics activities through its …
Riyadh – Mubasher: The shareholders of Leejam Sports Company (Fitness Time) approved cash dividends amounting to SAR 50.81 million in the first quarter (Q1) of 2024. The company will disburse a dividend of SAR 0.97 per share, equivalent to 9.70% …
Riyadh – Mubasher: Ahmed Saleh Al Sultan resigned from his position as the CEO of Thob Al Aseel Company on 5 June 2024, which is set to become effective on 13 June. Abdulrahman Saeed Al Maleh took over the role as the company’s new CEO, according …
Riyadh – Mubasher: The board members of Aqaseem Factory for Chemicals and Plastics Company proposed cash dividends amounting to SAR 5 million for 2023, according to a bourse disclosure. The Saudi firm will pay out a dividend of SAR 2 per share, …
Riyadh – Mubasher: Arab Sea Information Systems Company has purchased an office tower from Mohammed Saleh Al Suhaibani at a value of SAR 59 million, according to a bourse filing. The company entered into the agreement on 4 June 2024 to make the …
