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6 July 2025 06:14 PM SISCO Holding’s CEO Suleimani resigns
Riyadh - Mubasher: The board of Sustained Infrastructure Holding Company (SISCO Holding) has accepted the resignation of CEO Khaled Abdulghani Suleimani, effective on 30 June 2025. The decision was made on 4 July 2025 due to personal reasons and …
Corporate Actions
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6 July 2025 01:37 PM Beltone Holding launches MENA-focused unit Robin to boost AI growth
Cairo - Mubasher: Beltone Holding has launched a wholly owned subsidiary specializing in data science and AI called Robin, according to a press release. The launch aligns with Beltone’s strategic vision to empower organizations with intelligent, …
Companies Investments
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6 July 2025 10:57 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 as well as the price of each certificate in EGP as of 2 July 2025. …
Banking and Finance
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6 July 2025 08:51 AM Almarai sees 5% higher profits in H1-25; sales exceed SAR 11bn
Riyadh – Mubasher: Almarai Company logged net profits amounting to SAR 1.37 billion in the first half (H1) of 2025, an annual growth of 5.04% from SAR 1.31 billion. The revenue climbed by 4.16% year-on-year (YoY) to SAR 11.05 billion in H1-25 from …
Financial Results
Saudia
2 April 2025 06:08 PM Saudia launches flights to Athens, to introduce new departure airport in June
Riyadh – Mubasher: Saudi Arabia’s national flag carrier Saudia has launched seasonal flights to Athens in Greece from Riyadh, according to a press release. The inaugural flight, SV195, took off from King Khalid International Airport on 2 April …
Global Economy
Ras El-Hekma
1 April 2025 05:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma
Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …
Companies Investments
JINGDONG Logistics
1 April 2025 03:40 PM JINGDONG Logistics expands operations in MENA
Mubasher: JINGDONG Logistics, also known as JD Logistics, has expanded its presence in the Middle East with five warehouses and beyond in parts of North Africa, according to a press release. The Chinese supply chain management company established …
Companies Investments
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3 July 2025 06:16 PM Saudi Arabia’s PMI up to 57.2 in June; non-oil sector hits 3-month high
Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia jumped to 57.2 during June 2025 from 55.8 last May, according to Riyad Bank’s latest data. The index, which was higher than the long-run average …
Sector Reports
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3 July 2025 03:10 PM Al Jouf Cement, Riyadh Development announce key appointments
Riyadh – Mubasher: Al Jouf Cement Company appointed Ahmed bin Mohammed Al Falih and Hani bin Sulaiman Al Saleh as the board’s Chairman and Vice Chairman, respectively.   The two officials will remain in position for the current board term that …
Board of Directors
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3 July 2025 02:56 PM Nasdaq-listed DeFi Technologies launches UAE office to expand into MENA
UAE - Mubasher: DeFi Technologies, a financial technology company bridging the gap between traditional capital markets and decentralized finance (DeFi), has launched business in the UAE. The company expanded in the GCC and MENA region with the …
Global Economy
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3 July 2025 01:30 PM Flawless closes $1.5m pre-seed funding to expand business
Riyadh – Mubasher: Flawless, a Saudi digital platform offering AI-powered career guidance, has secured $1.50 million in a pre-seed funding round backed by a group of regional angel investors. The investment will be used to advance the platform’s …
Global Economy
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3 July 2025 00:42 PM ADGM-based Ruya Partners secures $55m for fiber production plant in Saudi Arabia
Mubasher: Abu Dhabi Global Market (ADGM)based private credit fund manager Ruya Partners secured a $55 million (SAR 206 million) private credit investment to fund the development of an innovative hygiene nonwoven fiber production plant in Yanbu, …
Companies Investments
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3 July 2025 09:11 AM Ninja closes $250m funding, plans IPO on Tadawul by 2027
Riyadh - Mubasher: Saudi q-commerce startup Ninja has raised $250 million in a funding round led by Riyad Capital, reaching a $ 1.50 billion valuation. The fundraising transaction anchors the platform’s status as the Kingdom’s latest tech unicorn, …
Companies Investments
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2 July 2025 07:15 PM Oriental Weavers launches world’s 1st phygital carpet retail store in Egypt
Cairo - Mubasher: Oriental Weavers has unveiled the OW Haptech store in Mivida, New Cairo, marking the first-ever phygital carpet retail store globally. The store combines physical product exploration with interactive digital technologies, setting …
Global Economy
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2 July 2025 05:33 PM Etihad Airways expands global network with 3 new destinations
UAE - Mubasher: Etihad Airways added three new destinations to its network in line with its global expansion strategy, according to a press release. The airline will launch flights to Krakow in Poland during December 2025, Salalah in Oman during …
Global Economy
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2 July 2025 05:01 PM PetroApp closes $50m fund round to accelerate global expansion; IPO plans unveiled
Riyadh - Mubasher: Saudi digital fuel and fleet management platform PetroApp has concluded a $50 million investment round led by Jadwa Investment through its GCC Diversified Private Equity Fund. Bunat Ventures also participated in the fundraising …
Companies Investments
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2 July 2025 04:24 PM Cityscape Global 2025 to launch in Riyadh in November
Riyadh – Mubasher: Cityscape Global, the largest real estate exhibition, is set to kick off in Riyadh during 17-20 November 2025, according to a press release. Held under the theme ‘The Future of Urban Living’, the event is sponsored by the …
Event
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2 July 2025 03:56 PM Saudi PIF tops GCC funds on Global SWF assessment
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) led the GCC funds, which manage $5.90 trillion in assets, recording a score of 100% this year, according to Global SWF’s governance, sustainability, and resilience (GSR) report. The fund, which …
Companies Investments
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2 July 2025 01:34 PM KAPSARC launches 1st brand refresh since 2016
Riyadh - Mubasher: The King Abdullah Petroleum Studies and Research Center (KAPSARC) has announced its first brand rebranding since its establishment in 2016. This marks a pivotal step in the center’s evolution as a leading advisory think tank in …
Companies Investments
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2 July 2025 01:11 PM Arabian Drilling unveils 4-rig contract extensions with Aramco for SAR 1.3bn
Riyadh – Mubasher: Arabian Drilling secured contract extensions for four of its rigs with Saudi Aramco, with a combined backlog value of SAR 1.37 billion and durations ranging between one to 10 years. This milestone boosts the company's current …
Companies Investments
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2 July 2025 10:50 AM Riyad Bank’s Riyad Capital moves forward with IPO plan
Riyadh - Mubasher: Riyad Capital, a subsidiary of Riyad Bank, submitted an application to the Capital Market Authority (CMA) for the initial public offering (IPO) of Riyad Capital. Riyad Capital plans to float its shares on the Main Market of the …
Initial Public Offerings
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2 July 2025 10:19 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 as well as the price of each certificate in EGP as of 1 July …
Mutual Funds
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2 July 2025 08:54 AM WSM secures SAR 5m facility from Emirates NBD
Riyadh - Mubasher: WSM for Information Technology Company has inked a Sharia-compliant credit facility agreement with Emirates NBD, valued at SAR 5 million. The facility, obtained on 30 June 2025, aims to finance contracts for new projects and …
Banking and Finance
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1 July 2025 05:15 PM Jamjoom Pharma appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has named Mahmoud Yousuf Jamjoom as the board’s Chairman for the next three years. The board also announced Ahmed Yousuf Jamjoom as the Vice Chairman, according to a …
Management Decisions
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1 July 2025 04:59 PM CMA greenlights Nomu listing, IPOs of 3 companies
Riyadh - Mubasher: The Capital Market Authority (CMA) approved the initial public offerings (IPOs) for two companies seeking to list shares on the Main Market of the Saudi Exchange (Tadawul). Al Ramz Real Estate Company intends to offer 12.85 …
Companies Investments