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24 May 02:59 PM

Banking & Insurance

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13 January 2025 05:11 PM PIF acquires 23% shareholding in MENA-focused Saudi Re
Riyadh – Mubasher: The Public Investment Fund (PIF) has acquired a 23.08% stake in Saudi Reinsurance Company (Saudi Re) by way of a capital increase and subscription to new shares, according to a press release. PIF’s capital investment aims to …
Banking and Finance
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13 January 2025 02:00 PM Aldar secures largest sustainability-linked facility by property company in Middle East
Abu Dhabi – Mubasher: Aldar Properties has closed an AED 9 billion ($2.45 billion) sustainability-linked syndicated senior unsecured committed multi-tranche revolving credit facility (RCF). The facility marks the largest sustainability-linked, …
Banking and Finance
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13 January 2025 09:08 AM MAFI’s new industrial complex targets global markets; major banking alliance leads financing
Cairo - Mubasher: MAFI Agricultural Produce Industries secured long-term joint financing of $108 million from an alliance led by Banque Misr, Suez Canal Bank and Al Baraka Bank-Egypt. MAFI also obtained $72 million through equity investments from …
Global Economy
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9 January 2025 09:18 PM MENA-focused HyperPay licensed from SAMA to expand digital payment services
Riyadh – Mubasher: HyperPay, the Saudi payments services provider in the MENA region, obtained a license from the Saudi Central Bank (SAMA) to boost the diversification and development of the financial sector in Saudi Arabia. In line with its …
Banking and Finance
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9 January 2025 04:22 PM Aldar issues $1bn hybrid notes; regional, international investors partake in issuance
Abu Dhabi – Mubasher: Aldar Properties has priced its inaugural $1 billion hybrid capital issuance, attracting robust demand from a wide range of regional and international investors, according to a press release. The issuance by Aldar at a public …
Global Economy
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9 January 2025 01:51 PM CBI invests in Boomitra to enhance regenerative agriculture in Middle East, beyond
Abu Dhabi – Mubasher: Commercial Bank International (CBI) has injected an investment in carbon project developer Boomitra to advance regenerative agriculture initiatives across the Middle East, Africa, and Asia. The investment aims to utilise …
Banking and Finance