Riyadh – Mubasher: Ahmed Saleh Al Sultan resigned from his position as the CEO of Thob Al Aseel Company on 5 June 2024, which is set to become effective on 13 June. Abdulrahman Saeed Al Maleh took over the role as the company’s new CEO, according …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) edged higher by 0.06% on Thursday and ended the trading session at 11,560.39 points. A total of 249.35 million shares were traded at a value of SAR 6.45 billion. …
Riyadh – Mubasher: The board members of Aqaseem Factory for Chemicals and Plastics Company proposed cash dividends amounting to SAR 5 million for 2023, according to a bourse disclosure. The Saudi firm will pay out a dividend of SAR 2 per share, …
Riyadh – Mubasher: Arab Sea Information Systems Company has purchased an office tower from Mohammed Saleh Al Suhaibani at a value of SAR 59 million, according to a bourse filing. The company entered into the agreement on 4 June 2024 to make the …
Riyadh – Mubasher: Webuild Saudi Arabia has awarded a SAR 33 million contract to International Water Distribution Company (Tawzea), a portfolio company of Sustainable Infrastructure Holding Company (SISCO Holding). The contract covers the supply …
Mubasher: Saudi Arabia, the UAE, and Egypt accounted for 92% of total venture capital (VC) funding in the MENA region, according to a report by MAGNiTT. Saudi startups raised $400 million in VC funding in 2023, up 602% year-on-year (YoY), the …
Riyadh – Mubasher: Saudi Cement Company announced cash dividends valued at SAR 191.25 million, representing 12.50% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 1.25 per share for 153 million eligible …
Riyadh – Mubasher: Saudi Arabia and Ethiopia signed an agreement to form a joint Saudi-Ethiopian Business Council, advancing economic cooperation. The agreement establishes a foundation for businesses in the two nations to collaborate and better …
Riyadh – Mubasher: Abdulaziz & Mansour Ibrahim Albabtain Company (Al Babtain Food) has appointed Mansour Ibrahim Abdullah Ababtain as the board’s Chairman for the next three years. Abdul Aziz Ibrahim Abdullah Al Babtain was announced as the Vice …
Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the requests of three companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). SAMA Healthy Water Factory Company plans to list 20% of its …
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has announced the pricing of its inaugural GBP 650 million sterling-denominated bond under its Euro medium-term note programme. The issuance is oversubscribed by more than 600%, …
Riyadh – Mubasher: National Building and Marketing Company inked, on 4 June 2024, a SAR 350 million agreement with Al Fayzia Real Estate Development Company. The two entities will team up to develop villas and residential apartments (Granada …
UAE – Mubasher: Dubai-based AI startup qeen.ai has secured a $2.20 million pre-Seed funding round to reshape the global e-commerce landscape in the MENA region, according to a press release. The fundraising was led by Wamda Capital, along with …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) went down by 0.51% on Wednesday and ended the trading session at 11,553.16 points. A total of 285.28 million shares were traded at a value of SAR 8.05 billion. Dr. …
Riyadh – Mubasher: Ladun Investment Company inked a rental contract worth SAR 107.96 million with Real Estate Development Fund, according to a bourse disclosure. The development fund will rent an administrative building, with an area of 11,247 …
Riyadh –Mubasher: Multinational conglomerate corporation Honeywell has opened its first assembly line dedicated to fire alarm and building management solutions in Saudi Arabia, according to a press release. Located in Dhahran, the facility …
Riyadh – Mubasher: Banan Real Estate Company has submitted a request to transition to the main market of the Saudi Exchange (Tadawul). The request was submitted on 4 June 2024 through the market's online portal, according to a bourse filing. Banan …
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) approved cash dividends amounting to SAR 105 million for the second half (H2) of 2023. The total dividends distributed and …
UAE – Mubasher: The UAE climbed from 13th to 6th globally for international tourism receipts in 2023 after logging $51.90 billion. Leading the rankings were the US at $176 billion, followed by Spain, the UK, France, and Italy, according to the UN …
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) signed a memorandum of understanding (MoU) with the Port of Marseille Fos aimed at enhancing cooperation across areas including digital transformation to develop smart ports. The MoU seeks to …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Intelligent Oud Company for Trading to increase its capital by granting one bonus share for every five owned shares. The Saudi firm will raise its capital by 20% to …
Riyadh – Mubasher: A Saudi investor alliance signed a deal in Djibouti to develop the Saudi Logistics City free zone project at Djibouti Port, the largest such contract abroad. The initial phase covers 120,000 square meters with the 92-year …
Mubasher: UAE-based traveltech Tumodo has partnered with Saudi fintech Tabby to accelerate growth in the UAE travel industry, which is projected to reach $1.40 trillion by 2024. Integrating Tumodo's services into Tabby's business processes will …
Riyadh – Mubasher: Huawei Cloud has recently launched its GaussDB database solution in Saudi Arabia, according to a press release. GaussDB provides developed features and high performance to help organisations fully embrace digital transformation …
