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19 April 01:10 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of investment funds and the price of each certificate in EGP, except for Azimut …
Rabigh 2 IPP
19 April 12:27 PM Acwa, Saudi Energy pen SAR 11.5bn agreement for Rabigh 2 IPP expansion project
Riyadh - Mubasher: Acwa Power Company and Saudi Energy Company inked a SAR 11.50 billion power purchase agreement (PPA) with Saudi Power Procurement Company for the Rabigh 2 Independent Power Plant (IPP) expansion project. The agreement covers the …
Tabby
19 April 10:13 AM CBUAE grants Tabby SVF license to promote financial products across GCC
UAE - Mubasher: The Central Bank of the UAE (CBUAE) licensed Tabby to introduce a new suite of financial products, including spending accounts, cards, and money management tools, according to a press release. The stored value facilities (SVF) …
Aldar
19 April 09:24 AM Aldar secures AED 5bn sustainability-linked facility backed by regional, int'l lenders
Abu Dhabi – Mubasher: Aldar Properties has closed an AED 5 billion ($1.36 billion) five-year syndicated sustainability-linked revolving credit facility (RCF), according to a press release. The transaction witnessed the participation of 10 major …
Founders of Ray
19 April 09:02 AM Dubai-based Ray closes $1.2m funding round to fuel GCC expansion
UAE - Mubasher: Dubai-based powerbank-sharing startup Ray has raised a $1.20 million seed round from private investors, including Meirambek Abelkasov and Serik Uspanov, co-founders of JET. The startup will use the fresh capital to expand its …
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19 April 08:56 AM Hassan Allam to expand wastewater projects in MENA region via acquisition deal
Cairo - Mubasher: Hassan Allam has agreed to acquire MetiPro, the engineering, procurement, and construction arm of the Metito Group, to advance water and wastewater projects in the region. The transaction aligns with the group’s objectives to …
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19 April 08:44 AM Dar Global secures $250m facility from Emirates NBD to back global expansions
Dubai - Mubasher: Emirates NBD has executed a $250 million syndicated term loan for London-listed luxury international real estate developer Dar Global, according to a press release. Dar Global, which is majority owned by Dar Al Arkan Real Estate …
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16 April 07:02 PM Avalon Pharma appoints new leadership team
Riyadh - Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) named Ahmad Shaher Al Tabbaa as the board’s Chairman for the next four years. The ordinary general meeting (OGM), which was held on 9 April 2026, also resolved to …
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16 April 06:40 PM ANB names new Chairman, Vice Chairman
Riyadh - Mubasher: Arab National Bank (ANB) announced Salah Rashid Al Rashed as the board’s Chairman for a three-year term ending on 31 March 2029. The board members of ANB also appointed Abdulmohsen Ibrahim Al Touq as the Vice Chairman for the …
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16 April 06:10 PM Kingdom Holding signs deal with PIF for majority stake in Al Hilal Club at SAR 1.2bn equity valuation
Riyadh - Mubasher: Kingdom Holding Company has inked a share sale and purchase agreement with the Public Investment Fund (PIF) to acquire a 70% equity in Al Hilal Club Company for an equity valuation of SAR 1.20 billion. Kingdom Holding will pay …
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16 April 05:02 PM Cherry Trading inks SAR 30m contract with SFDA
Riyadh - Mubasher: Cherry Trading Company has signed a vehicle leasing contract with the Saudi Food and Drug Authority (SFDA) at a total value of SAR 30.16 million. The contract was signed on 15 April 2026, covering the leasing of 275 vehicles for …
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16 April 04:30 PM Academy of Learning secures nearly SAR 114m Islamic funding from Riyad Bank
Riyadh - Mubasher: Academy of Learning Company has obtained credit facilities compliant with Islamic Sharia provisions from Riyad Bank at a total value of SAR 113.75 million. The facilities hold a duration of up to six years, including a one-year …
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16 April 03:39 PM Jarir’s net profits jump nearly 17% in Q1-26 estimated financials
Riyadh - Mubasher: Jarir Marketing Company, also known as Jarir Bookstore, generated SAR 253.50 million worth of net profits attributable to the shareholders during the first quarter (Q1) of 2026, according to the estimated income statement. The …
PIF
16 April 07:11 AM PIF’s board approves 2026-2030 strategy to maximize returns, attract global investments
Riyadh - Mubasher: The board of the Saudi Public Investment Fund (PIF) approved the 2026-2030 strategy, which focuses on delivering competitive domestic ecosystems to connect sectors and unlock the full potential of strategic assets. The outlined …
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16 April 07:09 AM Scientific & Medical Equipment House renews SAR 111m financing agreement with SNB
Riyadh - Mubasher: Scientific & Medical Equipment House Company renewed its SAR 111.21 million facility deal with the Saudi National Bank (SNB) on 15 April, according to a bourse filing. The loan is secured by assignment of contract proceeds, in …
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16 April 07:08 AM Al Yamamah Steel rolls out SAR 126m supply deal
Riyadh - Mubasher: Al Yamamah Steel Industries Company signed a SAR 126 million deal with SEPCO111 Electric Power Construction Company Limited on 15 April 2026, according to a bourse filing. The company will commence supplying steel wind towers to …
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15 April 06:09 PM Al Akaria pens SAR 50m contract with subsidiary Mumtalakat
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) has inked an integrated facilities management services contract valued at SAR 50.11 million with its 60%-owned subsidiary, Saudi-Korean Company for Maintenance and Properties Management …
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15 April 05:20 PM Ladun signs MoU with Asbar Capital for SAR 250m development project
Riyadh - Mubasher: Ladun Investment Company has inked a memorandum of understanding (MoU) with Asbar Capital Company to implement a mixed-use real estate development in Riyadh’s Sports Boulevard, Al Munsiyah District. Ladun will serve as the …
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15 April 04:38 PM United Carton Industries’ board approves SAR 20m dividends for 2025
Riyadh - Mubasher: The board of United Carton Industries Company greenlighted the distribution of SAR 20 million in cash dividends to 40 million eligible shares for 2025. The Tadawul-listed company will disburse a dividend of SAR 0.50 per share, …
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15 April 04:00 PM Burgerizzr to distribute cash dividends for 2025
Riyadh - Mubasher: The board members of Shatirah House Restaurant Company (Burgerizzr) recommended cash dividends worth SAR 5.60 million, equivalent to 10% of its SAR 56 million capital. The Saudi company will pay out a dividend of SAR 0.10 per …
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15 April 02:29 PM Al Majdiah announces new Chairman, Vice Chairman
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) named Khalid bin Abdulrahman Al Majed as the board’s Chairman for the next four years. Majed bin Abdulrahman Al Majed was appointed as the Vice Chairman until 12 April 2030, …
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15 April 01:55 PM Naseej for Technology pens AED 23m contract with e&’s unit
Riyadh - Mubasher: Naseej for Technology Company has signed a contract with e& Enterprise Cloud - Sole Proprietorship L.L.C., a subsidiary of Emirates Telecommunications Group Company (e&). The agreement, sealed on 14 April 2026, aims to provide …
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15 April 01:06 PM Tam Development appoints Al Mutrafi as new CEO
Riyadh - Mubasher: Tam Development Company announced Firas bin Ghazi bin Ibrahim Al Mutrafi as the new CEO, effective 15 April 2026. This appointment follows the resignation of the former CEO Abdullah Anwar Mohammed Yousef on 14 April, according …
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15 April 12:53 PM Saudi Energy, Kraken to expand in MENA via JV
Riyadh - Mubasher: Saudi Energy Company has finalized agreements with Kraken Technologies Limited to establish a joint venture (JV) headquartered in Riyadh, according to the Saudi Press Agency (SPA). Under the partnership agreement, Saudi Energy …
Bain Capital
15 April 12:15 PM Bain Capital opens ADGM office to drive Middle East expansion
UAE - Mubasher: Bain Capital has launched a new office in Abu Dhabi Global Market (ADGM) to strengthen investor partnerships, support portfolio expansion, and lay the groundwork for future regional investments. The Abu Dhabi office will act as a …