Mubasher: Dubai-based Centena Group has announced the launch of AtlabShoponline platform as an educational eCommerce platform in Saudi Arabia to promote a knowledge-based economy across the region while further solidifying its presence in the …
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Arabian Pipes Company’s request to increase its capital from SAR 100 million to SAR 150 million. The capital increase will be carried out through the issuance of a bonus share for …
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) declined by 161.04 points (1.32%) to close at 11,995.99 points on Thursday. A total of 221.71 million shares were traded at a turnover of SAR 5.56 billion. …
Riyadh – Mubasher: Goldman Sachs Group Incorporation became the first Wall Street bank to establish a Middle Eastern headquarters (HQ) in Saudi Arabia, according to Bloomberg. Goldman obtained a licence from the Saudi Ministry of Investment (MISA) …
Mubasher: MENA’s largest digital manufacturer Immensa has penned a strategic collaboration agreement with Pelagus 3D, an on-demand digital manufacturing partner for the maritime and offshore industry. The two parties will integrate their strengths …
Riyah – Mubasher: The General Authority of Civil Aviation (GACA) has organised the first Arab Forum for Aviation Security in cooperation with the Arab Civil Aviation Organization. The forum was attended by 120 leaders in the aviation sector and …
Riyadh – Mubasher: Saudi Power Procurement Company (SPPC) has signed two power purchase agreements (PPAs) with a consortium-led Japanese business conglomerate Marubeni Corporation. The PPAs include supplying energy from Saudi wind power projects …
Cairo – Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources plans to operate a new transportation pipeline for petroleum products on the Mediterranean coast, according to Al Arabiya Business. The new pipeline will link the MIDOR oil …
Riyadh – Mubasher: Maharah Human Resources Company has appointed Abdullah Sulaiman Al Amro as the board’s Chairman. Ahmed Saleh Al Humaidan was announced as the Vice Chairman, according to a bourse disclosure. The board members elected the two …
Riyadh – Mubasher: The shareholders of Banque Saudi Fransi approved the board’s recommendation to distribute cash dividends valued at SAR 1.19 billion for the second half (H2) of 2023. The Saudi lender will pay out SAR 1 per share, representing …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco), Japan’s Mizuho Financial Group, and other companies have signed agreements on the sidelines of the Business Forum of Saudi-Japan Vision 2030, according to Bloomberg. Signed on 21 May 2024, the …
UAE – Mubasher: Microsoft Corporation and UAE’s G42 announced an initial invetments of $1 billion in digitalisation projects in Kenya in collaboration with the country’s Ministry of Information, Communications, and the Digital Economy. The …
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has named Abdulrahman Ibrahim Alrowaita as the board’s Chairman for the next three years. SRMG also appointed Majid Abdulrhman Alissa as the Vice President, according to a bourse disclosure. …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Ayyan Investment Company to increase its capital through a rights issue worth SAR 200 million. The CMA passed Ayyan Investment’s capital raise on 22 May 2024, …
UAE – Mubasher: Huspy, a property technology firm headquartered in the UAE, has raised a funding round led by Balderton Capital, along with existing investor Fifth Wall as well as other investors. The fundraising had a considerably higher …
Riyadh – Mubasher: The third edition of the Future Aviation Forum has witnessed the signing of several agreements on the first two days of the event, which had nearly 5,000 delegates from over 100 countries to elevate global connectivity. On top …
Riyadh – Mubasher: The board of Aljazira Takaful Taawuni Company approved on 22 May 2024 the distribution of SAR 19.80 million in cash dividends for the fiscal year 2023. The eligibility and distribution dates will be announced at a later time, …
Riyadh – Mubasher: Rasan Information Technology Company has concluded the book-building process for participating entities, with the final price for the initial public offering (IPO) being settled at SAR 37 per share. The offering will imply a …
Riyadh – Mubasher: Saleh Nasser Al Omair, Chairman of Nayifat Finance Company, has resigned from his position as Chairman and from his membership in the board and its committees. The resignation is ascribed to the different views on the mechanism …
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed SAR 3.23 billion sukuk issuance. The sukuk issuance is divided into two tranches and a part of the government SAR-denominated sukuk programme, according to the …
Riyadh – Mubasher: Mohammed Hadi Al Rasheed and Partners Company will begin the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Thursday, 23 May 2024. Under the symbol 9601, the firm plans to …
Riyadh – Mubasher: flyadeal unveiled a landmark order for 51 narrow-body Airbus aircraft to boost its expansion plans, according to a press release. The announcement is a part of Saudia Group’s deal for a record 105 aircraft order, which was …
Riyadh – Mubasher: SAL Saudi Logistics Services Company inked a binding mutual agreement with Riyadh Airports Company at a value of SAR 458 million on the sidelines of the Future Aviation Forum 2024, which concludes in Saudi Arabia on 22 May. The …
Riyadh – Mubasher: The board of Saudi Basic Industries Corporation (SABIC) agreed to pay cash dividends valued at SAR 5.10 billion for the first half (H1) of 2024. SABIC will distribute a dividend of SAR 1.70 per share for 3 billion eligible …
Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC) has inked 20 agreements with local and international companies on the sidelines of the Real Estate Supply Chains Forum. The agreements are aimed at investing in industrial and …
