Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) on 23 July 2024 secured a SAR 25 million credit facilities from Al Rajhi Bank to fund existing projects and business expansion. Guarantees offered for the financing include a …
Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Saudi Awwal Bank (SAB) to reschedule SAR 154.45 million Islamic facilities to support its operations. The company signed the agreement on 24 July 2024 for seven years ending in …
Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank. The approval was granted on 23 July 2024 for the funding date of 22 July this …
Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Alinma Bank to reschedule Islamic facilities to support the cement manufacturer’s operations. The financing amount and rescheduled part financing value totals SAR 374 million, …
Cairo – Mubasher: Egyptian furniture marketplace Kemitt has announced its expansion into the Saudi Arabia on the heels of a recent undisclosed funding round. The fresh injection of capital will fuel Kemitt's expansion plans by enhancing the …
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) secured a Sharia-compliant facility worth SAR 340.26 million from Saudi Awwal Bank (SAB) on 17 July 2024 and signed the funding agreement on the 22nd. MIS will use the secured amount …
Mubasher: Primary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) countries surged to $75.50 billion in the first half (H1) of 2024, marking a 38% year-on-year (YoY) increase from $54.80 billion. Saudi Arabia led the GCC …
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed the issuance of its five-year Euro Medium-Term Note (EMTN) bond under its Social Finance Framework. The lender offered a $600 million issue, which was oversubscribed …
Riyadh- Mubasher: Saudi Advanced Industries Company (SAIC) has renewed a Sharia-compliant credit facility agreement with Al Rajhi Capital, the asset management arm of the listed Al Rajhi Bank. SAIC obtained the SAR 100 million funding on 11 July …
Riyadh – Mubasher: Lana Medical Company has acquired 50% of Solar Laser Systems Company and Solar Maccom Company in Belarus for SAR 6 million. The deal aims to transfer industry and technologies to Saudi Arabia in line with Vision 2030, according …
Riyadh – Mubasher: Banque Saudi Fransi has awarded Al Alamiya for Cooperative Insurance Company a contract for insurance services for one year. Signed on 16 July 2024, the agreement’s value is more than 10% of the insurance revenues of Al …
Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has been awarded and signed an insurance contract with Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) on 12 July 2024. Saudi Enaya received a confirmation to provide …
Riyadh – Mubasher: Amlak International Finance Company has appointed Abdullah bin Ibrahim Al Howaish as the Chairman for the new board term, which commenced on 4 June 2024. The company appointed Amr bin Mohammed Kamel as the Vice Chairman and …
Riyadh – Mubasher: The Islamic Development Bank (IsDB) is providing financing for 200 megawatts (MW) solar farm and 500 MW battery storage projects in Uzbekistan's Tashkent region. The historic renewable energy venture, sponsored by Saudi firm …
Riyadh – Mubasher: Stride Ventures, a global venture debt firm from India, marked a key milestone in its international strategy by announcing its first $1 million venture debt investment in Maalexi as part of a broader GCC commitment. The funding …
Riyadh – Mubasher: Prefect presentation for commercial services Company (2P Prefect Presentation) has signed a Sharia-aligned increase facility agreement with Riyad Bank on 10 July 2024. The facility agreement holds a value of SAR 121 million …
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: 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 …
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's liquidity levels surged by 8.60% year-on-year (YoY) to SAR 2.82 trillion at the end of May 2024, according to the Saudi Central Bank (SAMA). This represented an increase of more than SAR 222.928 billion compared …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed a binding subscription agreement with the Public Investment Fund (PIF) to increase its capital from SAR 891 million to SAR 1.15 billion. Saudi Re is set to increase its capital …
UAE - Mubasher: Mastercard has entered into a partnership with the UAE-based LuLu Group to boost sustainability, innovation, and efficiency in retail payments across the six GCC markets. The partnership, extending across Bahrain, Kuwait, Oman, …
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has obtained insurer financial strength (IFS) rating of ‘BBB+’ from Fitch Ratings. The company also received a national IFS rating of ‘AA-(sau)’ from the agency, according to a …
