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03 July 11:25 AM

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31 minutes ago Sumou Real Estate, Jabeen team up for SAR 1.3bn project
Riyadh – Mubasher: Sumou Real Estate Company penned an agreement with Jubail and Yanbu Industrial Cities Services Company (Jabeen) for a project valued at SAR 1.30 billion. The two entities will develop primary and secondary infrastructure works …
Companies Investments
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2 July 06:03 PM Dubai-headquartered Dar Global debuts in Jeddah through Trump Tower
Riyadh – Mubasher: UK’s Dar Global, an international real estate developer with its headquarters (HQ) in Dubai has teamed up with The Trump Organization to launch the first Trump Tower in Saudi Arabia, according to a press release. The new project …
Real estate
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2 July 04:43 PM Act Financial seeks stakes in real estate, logistics companies – Managing Partner
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is planning to acquire stakes in real estate, healthcare, and logistics companies, Managing Partner Mostafa Abdelaziz told Mubasher in an interview. The company is finalising procedures …
Companies Investments
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2 July 03:27 PM Arabian Pipes wins SAR 293m supply deal
Riyadh – Mubasher: Arabian Pipes Company was awarded a new order to supply steel pipes to Denys Arabia Limited for Jafurah Pipelines Phase II at around of SAR 293 million. The two entities signed the agreement on 1 July 2024, according to a bourse …
Companies Investments
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2 July 03:05 PM SIIG’s board ratifies SAR 377m dividends for H1-24
Riyadh – Mubasher: The board of Saudi Industrial Investment Group (SIIG) approved the distribution of SAR 377.40 million, or SAR 0.50 per share, in cash dividends for the first half (H1) of 2024. Dividends are set to be distributed on 22 July 2024 …
Cash Dividends
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2 July 01:57 PM Dallah Healthcare pens deal to establish SAR 1.2bn fund
Riyadh – Mubasher: Dallah Healthcare Company inked a contract with Dallah Real Estate, Tatweer Company, and Aljazira Capital Company to establish a private real estate fund with an estimated value exceeding SAR 1.20 billion. Dallah Healthcare will …
Companies Investments
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2 July 12:27 PM Sipchem’s unit awards $187m contracts to boost ethylene vinyl acetate production
Riyadh – Mubasher: International Polymers Company, affiliated to Sahara International Petrochemical Company (Sipchem), has awarded $187 million contracts for the expansion of its ethylene vinyl acetate plant. Signed on 1 July 2024, the contracts …
Companies Investments
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2 July 10:07 AM Almunajem Foods establishes new company in Riyadh
Riyadh – Mubasher: Almunajem Foods Company’s board of directors has approved launching a new company in Saudi Arabia’s capital of Riyadh with a share capital of SAR 1 million. The new company will operate integrated logistics services, according …
Companies Investments
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1 July 04:50 PM ACWA Power pens financing documents for SAR 2bn power plant in Uzbekistan
Riyadh – Mubasher: ACWA Power Company has signed the financing documents for the 200 megawatts (MW) photovoltaic and 500 MW/hour (MWh) Battery Storage Riverside Tashkent power plant in Tashkent region in Uzbekistan. The project is implemented by …
Banking and Finance
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1 July 03:21 PM ITIDA, Telecom Egypt, Nokia to expand ICT services in MEA
Cairo – Mubasher:  The Information Technology Industry Development Agency (ITIDA) signed a memorandum of understanding (MoU) with Telecom Egypt and Nokia, according to a press release. The agreement, which was inked during the Egypt-EU Investment …
Global Economy
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1 July 01:52 PM SRMG pens SAR 240m agreement
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) inked a SAR 240 million contract with a commercial company whose activity is advertising and public relations to provide media and marketing services. The deal was signed by Taoq Public …
Companies Investments
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1 July 12:07 PM CMA greenlights IPO of extra’s unit
Riyadh – Mubasher: The Capital Market Authority (CMA) passed, on 29 June, the initial public offering (IPO) of United International Holding Company to float its shares on the Saudi Exchange (Tadawul). The firm, a subsidiary of United Electronics …
Initial Public Offerings
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1 July 11:46 AM Aramco boosts gas expansion plans via $25bn project awards
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded contracts at a value exceeding $25 billion to boost its gas expansion strategy, according to a press release. The company plans to record sales gas production growth of more than …
Companies Investments
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1 July 09:44 AM Kingdom Holding announces 2 key appointments
Riyadh – Mubasher: Kingdom Holding Company named Prince Alwaleed bin Talal bin Abdulaziz Al Saud as the Chairman of the board for the next three years. Lama Abdulaziz Al-Sulaiman was appointed as the Vice Chairman, according to a bourse …
Management Decisions
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30 June 04:06 PM Tabuk Cement releases date for cash dividends
Riyadh – Mubasher: Tabuk Cement Company announce the distribution of SAR 22.50 million in cash dividends for 2023 on 16 July 2024. The approved dividends amount to SAR 0.25 per share, representing 2.50% of the nominal value of the share, according …
Cash Dividends
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30 June 11:15 AM Makkah Construction and Development announces CEO resignation
Riyadh – Mubasher: The board of Makkah Construction and Development Company has accepted the resignation of Fahd Muhammad Al Fawaz from the position of CEO due to personal circumstance. The decision will be effective 1 July 2024, according to a …
Management Decisions
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30 June 09:58 AM Dallah Healthcare rolls out SAR 690m project contract
Riyadh – Mubasher: Dallah Healthcare Company inked a contract with Youssef Marroun Contracting Company at an amount of SAR 690 million on 27 June 2024. The listed company will establish a new hospital, spanning 45,000 square metres in the Al Arid …
Companies Investments
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30 June 09:35 AM Aramco eyes 10% equity ownership in HORSE Powertrain
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) inked definitive agreements to acquire a 10% stake in HORSE Powertrain Limited, the new global powertrain solutions company. Aramco’s subsidiary pended the deals alongside Renault Group, …
Mergers and Acquisitions
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27 June 05:38 PM Saudi Ceramics’ shareholders approve 25% capital increase
Riyadh – Mubasher: The equityholders of Saudi Ceramic Company (Saudi Ceramics) greenlighted, during the 26 June extraordinary general meeting (EGM), a capital hike by 25% to SAR 1 billion from SAR 800 million, according to a bourse disclosure. The …
Management Decisions
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27 June 04:55 PM Elm Company awards Tawuniya SAR 76m health insurance agreement
Riyadh – Mubasher: Elm Company has awarded a SAR 75.90 million health insurance contract for its employees to The Company for Cooperative Insurance. The agreement’s term amount for one year starting from 30 June 2024, according to a bourse filing. …
Banking and Finance
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27 June 02:37 PM ACWA Power signs SAR 12.3bn power purchase agreements; Aramco, PIF’s units included
Riyadh – Mubasher: ACWA Power Company has penned three power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) and Saudi Aramco Power Company, a wholly owned subsidiary of Saudi Arabian Oil Company (Aramco), for three …
Companies Investments
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27 June 11:58 AM First Mills inks SAR 150m facility deal with SIDF
Riyadh – Mubasher: First Milling Company (First Mills) penned a financing facility agreement worth SAR 150 million with the Saudi Industrial Development Fund (SIDF) on 25 June 2024. The facility deal will support the company’s working capital and …
Banking and Finance
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26 June 05:11 PM Saudi Tadawul Group completes strategic stake acquisition in DME; rebranding unveiled for regional presence
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has sealed the acquisition of 32.60% strategic equity in DME Holdings Limited, a leading international commodities exchange, according to a press release on 26 June 2024. Following the equity …
Global Economy
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26 June 04:05 PM Units of Aramco, Sempra execute non-binding HoA for LNG sale
Riyadh – Mubasher: Subsidiaries of Saudi Arabian Oil Company (Aramco) and Sempra, a North American energy infrastructure company, have implemented a non-binding heads of agreement (HoA). The HoA covers a 20-year sale and purchase agreement (SPA) …
Companies Investments
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26 June 03:54 PM Emirates NBD, Jarir Bookstores team up to enhance services
Mubasher: Emirates NBD and Jarir Marketing Company (Jarir Bookstores) inked a cooperation agreement to enhance the customer experience by offering exclusive services and benefits to their clients. The joint deal aligns with the two entities’ …
Companies Investments