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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …
Riyadh – Mubasher: Edarat Communication and Information Technology Company received a project award valued at SAR 125.77 million from Al Moammar Information Systems Company (MIS). The project contract, which was awarded on 13 June, covers the …
Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) submitted an application file, on 13 June, to the Capital Market Authority (CMA) to reduce its capital by SAR 265 million. The new capital will stand at SAR 135 million distributed …
Riyadh – Mubasher: Southern Province Cement Company has signed a non-binding memorandum of understanding (MoU) with Yanbu Cement Company to evaluate the feasibility of merging the two companies. The two companies will commence the process of due …
Riyadh – Mubasher: Al Rashid Industrial Company obtained the extraordinary general meeting (EGM) approval to disburse cash dividends amounting to SAR 8 million for 2023. Eligible shares will receive SAR 1 per share, representing 10% of the share's …
Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …
Abu Dhabi – Mubasher: Bayanat AI has formed a strategic partnership with Oxa, an Oxford-headquartered pioneer in autonomous vehicle (AV) technology, to advance the development and deployment of autonomous vehicle solutions in the UAE and beyond. …
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
Riyadh – Mubasher: Dell Technologies and Saudi Arabian Oil Company (Aramco) have sealed a memorandum of understanding (MoU) under which the oil giant will explore new opportunities in emerging technologies with the US Dell, according to a press …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) along with NextDecade Corporation announced, on 13 June 2024, that their subsidiaries have executed a non-binding Heads of Agreement (HoA) for the Rio Grande LNG Facility in the US. The deal is …
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved cash dividends worth SAR 362.56 million, representing 5% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 0.50 …
Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …
Riyadh – Mubasher: Sure Global Tech Company obtained a SAR 45 million loan, on 12 June 2024, from Banque Saudi Fransi, according to a bourse disclosure. The sharia-compliant deal, which holds a tenor for one year, is secured by a promissory note …
Riyadh – Mubasher: Al Hammadi Holding completed the sale of vacant land in Al Rayyan district at a value of SAR 124.60 million on 12 June 2024. The book value of the land stands at SAR 69.33 million as previously announced in April, according to a …
