Riyadh – Mubasher: The board of directors of Arabian International Healthcare Holding Company (Tibbiyah) has accepted the resignation of Alaa Ahmed Abdul Majeed Ameen from his position as CEO for personal reasons. The resignation was approved on …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) declined by 0.62% on Thursday, ending the session at 12,026.21 points. The trading value reached SAR 6.35 billion through the exchange of 277.96 million shares. …
Riyadh – Mubasher: Balady Poultry Company logged a 78.61% year-on-year (YoY) surge in net profit to SAR 71.93 million during the first half (H1) of 2024 from SAR 40.27 million. Sales leapt by 30.49% YoY to SAR 449.63 million in H1-24 from SAR …
Abu Dhabi – Mubasher: The United Arab Bank (UAB) posted a net profit after tax amounting to AED 139 million in the first half (H1) of 2024, up 15% from AED 121 million in H1-23. Total income was higher by 10% year-on-year (YoY) at AED 300 million …
Riyadh – Mubasher: Saudi Arabia’s mega project NEOM has completed its underground parking and light rail systems ahead of schedule in July 2024. Utilising ten high-capacity rotary drilling rigs from XCMG Machinery, the project achieved great …
Dubai – Mubasher: Mashreq Bank has arranged a $3.25 billion leverage buyout sustainability-linked financing round for GEMS Education. The banks served as lead sustainability coordinator, initial mandated lead arranger and bookrunner, account bank, …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 9 points (0.21%) on Thursday and ended the trading session at 4,237.65 points. A total of 304.93 million shares were exchanged during the session at a value of AED 546.91 …
UAE – Mubasher: Retail technology solutions provider Pathfinder has invested $325 million from Silver Rock Group, according to a press release. This transaction aligns with Pathfinder's expansion and growth trajectory ahead of its initial public …
UAE – Mubasher: Fintech Mamo has raised a $3.40 million funding round, provided by existing investor 4DX Ventures and the Dubai Future District Fund, along with Cyfr Capital. The startup will use the funding to help SMEs businesses consolidate …
UAE – Mubasher: The trade exchange between the UAE and China is expected to reach $200 billion by 2030. This growth is expected to be further supported by new regional trade blocs like BRICS+, as global trade shifts from globalisation to …
Riyadh – Mubasher: Electrical Industries Company (EIC) achieved a net profit valued at SAR 175.84 million in the first half (H1) of 2024, higher by 106.53% than SAR 85.14 million in H1-23. Revenues amounted to SAR 1.03 billion in H1-24, up 37.37% …
Riyadh – Mubasher: Al Qemam for Computer Systems Company has signed a SAR 9.44 million agreement with Asir Region Municipality to provide electronic archiving services for paper documents in the Asir Region Municipality. The agreement was awarded …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) generated 3% higher net profits after tax at AED 8.40 billion during the first half (H1) of 2024, compared to AED 8.14 billion in H1-23. Operating income climbed by 16% year-on-year (YoY) to AED …
Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) reported a 104.91% year-on-year (YoY) surge in net profit to SAR 6.68 million in the first half (H1) of 2024 from SAR 3.26 million. Sales grew by 10.68% YoY to SAR 146.07 million in …
Riyadh – Mubasher: Yanbu Cement Company registered a 13.65% rise in net profit to SAR 98.07 million during the first half (H1) of 2024, compared to SAR 86.29 million in H1-23. Revenues hit SAR 428.37 million in H1-24, higher by 7.74% year-on-year …
Abu Dhabi – Mubasher: Moody's Ratings has affirmed Emirates Telecommunications Group’s (e&) long-term issuer rating at ‘Aa3’, with a stable outlook. The rating agency also affirmed the company’s baseline credit assessment (bca), senior unsecured …
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) posted net profits valued at AED 1.46 billion in the first half (H1) of 2024, higher by 66% year-on-year (YoY) than AED 881.16 million. Revenue from contracts with customers hiked by …
Riyadh – Mubasher: The net profits of Mobile Telecommunication Company Saudi Arabia (Zain KSA) retreated by 86.25% to SAR 172 million in the first half (H1) of 2024 from SAR 1.25 billion in H1-23. The revenues stood at SAR 5.08 billion in H1-24, …
Riyadh – Mubasher: Global asset manager SEDCO Capital has announced the successful listing of its SEDCO Capital Multi Asset Traded Fund on the Main Market of the Saudi Exchange (Tadawul). The Fund is now trading under the ticker symbol 4703, with …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) edged lower by 0.04% on Wednesday, ending the session at 12,101.21 points. The trading value reached SAR 6 billion through the exchange of 259.51 million shares. …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) posted a 30% year-on-year (YoY) surge in consolidated net profit after tax and zakat of AED 3.02 billion during the first half (H1) of 2024 from AED 2.32 billion. Total operating income soared …
Abu Dhabi – Mubasher: Visa teamed up with First Abu Dhabi Bank (FAB) to expand the Visa B2B Connect network in the region, according to a press release. The collaboration aims to boost corporate cross-border payments, allowing businesses in the …
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) witnessed an 18.50% surge in net profit after tax to AED 1.45 billion during the first half (H1) of 2024, compared to AED 1.22 billion in H1-23. Total operating income climbed by 10.10% …
UAE – Mubasher: Istanbul-based RMS Capital Investment has brought together UAE’s Reportage, Turkey’s MESA Holding, and Azerbaijan’s Sabah Investment Group. Under the new structure, Reportage holds 34%, MESA 33%, and Sabah 33% of the real estate …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session higher by 12.50 points (0.29%) at 4,228.65 points. A total of 206.20 million shares were exchanged during the session at a value of AED 382.04 …
