Stocks News

Riyadh – Mubasher: STC Bank, formally known as stc pay and one of the leading digital innovators in the listed Saudi Telecom Company (stc) portfolio, is joining the 24 Fintech three-day event in Saudi Arabia as a Founding Partner. Being the newest …

Riyadh – Mubasher: Global payments solution provider Checkout.com unveiled it will be signing strategic partnership agreements with The Company for Cooperative Insurance (Tawuniya) during the 24 Fintech 2024 event which will launch in Saudi Arabia …

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) secured a contract worth more than $200 million from the Abu Dhabi National Oil Company (ADNOC), according to a press release. The deal covers the crucial marine dredging works in the …

Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …

Abu Dhabi – Mubasher: Phoenix Group has collaborated with Tether, the largest company in the digital asset industry, to launch a stablecoin pegged to the UAE Dirham, according to a press release. Backed by Green Acorn Investments Limited, this …

Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) has inaugurated its first branch in Qatar, located in the city of Doha. This branch, which is the 73rd for the company, covers an area of 1,392 square …

Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit. The two companies partnered with ICEYE to carry out the launch …

Abu Dhabi – Mubasher: Agility Global, a multi-business operator with a global footprint in over 70 countries, has achieved a net profit of $60.30 million in the first half (H1) of 2024. The semi-annual results marked a 2,156% jump from $2.70 …

Mubasher: The net profits of Ithmaar Holding, which is listed on Bahrain Bourse as well, increased to $18.48 million in the first half (H1) of 2024 from $4.35 million in H1-23. The company posted a total income amounting to $473.97 million in …

Mubasher: The cross-listed Bahraini firm GFH Financial Group generated net profits to the shareholders worth $60.75 million in the first half (H1) of 2024, which came 11.20% higher than $54.62 million in H1-23. The earnings per share (EPS) rose by …

Abu Dhabi – Mubasher: ADIB Securities, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB), allowed trading in the US market as the first UAE Sharia-compliant broker. The newly updated trading platform, ADIBS Global, provides investors with …

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has achieved a significant milestone in advancing 5G technology in the Middle East and Africa (MEA) in partnership with Nokia and MediaTek. A recent trial boosted uplink (UL) …

Riyadh – Mubasher: Middle East LPG Expo - Saudi Arabia 2024 is set to take place during 10-11 September 2024, according to a press release. LPG Expo, a leading exhibition and conference organiser in the liquefied petroleum gas (LPG) industry, …

Mubasher: GFH Financial Group has increased its equity ownership in GFH Equities, previously known as GBCorp, by 12.50% during July 2024. Following the transaction, the cross-listed group holds a majority stake of 76.63%, according to a press …

Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed the issuance of its five-year Euro Medium-Term Note (EMTN) bond under its Social Finance Framework. The lender offered a $600 million issue, which was oversubscribed …

Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …

Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …

Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has launched and closed its seventh logistics and industrial fund in the US, according to a press release. The portfolio includes 25 industrial and transportation logistics …

Riyadh – Mubasher: BinDawood Holding Company has signed a non-binding memorandum of understanding (MoU) with Regional Group Company in Qatar for commercial franchise rights to open eight branches under BinDawood brand in Qatar. The deal comes in …

By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is planning to acquire stakes in real estate, healthcare, and logistics companies, Managing Partner Mostafa Abdelaziz told Mubasher in an interview. The company is finalising procedures …

Cairo – Mubasher:  The Information Technology Industry Development Agency (ITIDA) signed a memorandum of understanding (MoU) with Telecom Egypt and Nokia, according to a press release. The agreement, which was inked during the Egypt-EU Investment …

Riyadh – Mubasher: Saudi Tadawul Group Holding Company has sealed the acquisition of 32.60% strategic equity in DME Holdings Limited, a leading international commodities exchange, according to a press release on 26 June 2024. Following the equity …

Dubai – Mubasher: Mashreq Bank has extended its partnership with Oracle Financial Services to back its growth plans worldwide, according to a press release. The lender will replace its core systems with Oracle solutions to streamline and enhance …