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31 October 03:57 PM

Stocks News

AUB’s stake in AUB Egypt will be raised to 95.7%
25 October 05:51 PM AUB provides update on AUB Egypt acquisition
Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) said that the public tender offer to increase its stake in its unit in Egypt ended on 22 October. During the tender offer period, Ahli United Bank – Egypt’s shareholders tendered their shares, …
Banking and Finance
Photo Archive
25 October 01:21 PM FAB is region's safest bank in 2020 - Global Finance
UAE – Mubasher: Global Finance has announced its 29th annual ranking of the World’s 50 Safest Banks for this year. The UAE's First Abu Dhabi Bank (FAB) secured the first spot regionally and the 32nd spot globally in Global Finance' ranking, …
Banking and Finance
The listing marks Investcorp’s third public share sale in Saudi Arabia over the last four years.
21 October 12:30 PM Investcorp successfully lists BinDawood Holding on Tadawul
Riyadh – Mubasher: Investcorp has successfully listed its portfolio company BinDawood Holding on the Saudi Stock Exchange (Tadawul). This milestone marks Investcorp’s third public share sale in Saudi Arabia over the last four years, following the …
Companies Investments
The final Forbes list is composed of 750 multinational and large corporations headquartered in 45 countries.
19 October 01:15 PM Saudi Aramco ranked 1st regionally in Forbes "World's Best Employers" list; 26th globally
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has secured the first spot regionally and the 26th spot globally on Forbes’ fourth-annual list of the World’s Best Employers for 2020. Forbes said it partnered with market research …
Ratings
Faisal Islamic Bank of Egypt
19 October 10:59 AM Ithmaar Bank's holding in Faisal Islamic Bank stands at 14%
Cairo – Mubasher: Faisal Islamic Bank of Egypt said that the Central Bank of Egypt (CBE) approved the acquisition of the shares of Faysal Investment Bank of Bahrain by Ithmaar Bank. With this transaction, Ithmaar Bank’s holding in Faisal Islamic …
Central Banks
The company will be able to fulfill various investment objectives
4 October 11:37 AM BH Mubasher obtains Investment Management license from SCA
Dubai – Mubasher: BH Mubasher, a leading company in the UAE’s financial market, has obtained an Investment Management license from the Securities and Commodities Authority (SCA). Through the license, the company will be able to fulfill various …
Companies Investments
The shareholders have authorised the board to take necessary measures in this regard
1 October 10:09 AM GFH's shareholders nod to delisting from Boursa Kuwait
Mubasher: The ordinary general meeting (OGM) of GFH Financial Group has approved delisting the group's shares from Boursa Kuwait and transferring the shares to the Bahrain Bourse. The shareholders have authorised the board to take necessary …
Management Decisions
The agreement’s financiers include Al Rajhi Bank and Arab National Bank (ANB).
29 September 09:30 AM Zain KSA signs deal to reschedule SAR 3.85bn Murabaha facility
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) signed an agreement to reschedule its existing five-year syndicated Murabaha facility valued at SAR 3.85 billion maturing on 30 September 2020 (originally SAR 5.9 billion, …
Banking and Finance
A total of 40 tonnes of high-grade blue ammonia were dispatched to Japan
27 September 02:15 PM Saudi Aramco, Japan’s IEEJ ship world’s first blue ammonia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Japan’s Institute of Energy Economics(IEEJ), in partnership with the Saudi Basic Industries Corporation (SABIC), demonstrated the production and shipment of blue ammonia from …
Global Economy
The bank signed a SWAP agreement worth BHD 46.4m with GFH
24 September 02:16 PM Khaleeji Commercial Bank's OGM nods to agreements with GFH
Mubasher: The ordinary general meeting (OGM) of Khaleeji Commercial Bank has approved the agreements signed with GFH Financial Group, according to the bank's disclosure to Bahrain Bourse on Thursday. The bank signed a SWAP agreement worth BHD 46.4 …
Banking and Finance
The offer values AUB Egypt at EGP 29.78 per share
21 September 06:12 PM Egypt's FRA approves AUB Egypt acquisition offer
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the purchase offer submitted by Ahli United Bank – Bahrain (AUB Bahrain) and Misr Strategia Investment (MSI) to acquire Ahli United Bank - Egypt (AUB Egypt). AUB Bahrain …
Corporate Actions
Photo Archive
15 September 02:04 PM Egypt's FRA studies offer to acquire AUB Egypt
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) said an optional purchase offer draft was submitted by Ahli United Bank – Bahrain (AUB Bahrain) and an Egyptian investment firm to invest on the shares of Ahli United Bank - Egypt (AUB …
Mergers and Acquisitions
The BBK would also acquire specific assets of IB Capital,
14 September 03:56 PM BBK, Ithmaar Holding pen acquisition plans agreement
Mubasher: Bahrain and Kuwait Bank (BBK) has inked a Memorandum of Understanding (MoU) with Ithmaar Holding, the parent of Ithmaar Bank, for a potential acquisition of Ithmaar Bank’s Bahrain operations. Under the MoU, the BBK would also …
Banking and Finance
The authority decided to delist the company from the bourse
10 September 04:06 PM CMA delists Ithmaar Holding from Boursa Kuwait
Mubasher: The Capital Markets Authority (CMA) has decided to delist Ithmaar Holding from Boursa Kuwait, according to the company's disclosure to Boursa Kuwait on Thursday. During a meeting held on Wednesday, 9 September, the CMA has rejected …
Management Decisions
Bank ABC is competing with Emirates NBD to acquire Blom Bank Egypt
9 September 12:26 PM Bahraini lender ABC in talks to acquire Blom Bank Egypt
Mubasher: Arab Banking Corporation (Bank ABC), listed on Bahrain Bourse, is in talks with Lebanon's Blom Bank to acquire its subsidiary in Egypt. The negotiations are still at early stages and “there is no certainty that any transaction will be …
Banking and Finance
Photo Archive
6 September 10:21 AM Saudi Aramco cuts October Arab light crude price to Asia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) slashed the October official selling prices (OSPs) for the Arab light crude it sells to Asia by $1.40 a barrel, to 50 cents a barrel below the Oman/Dubai average, Reuters recently …
Commodities
The shares of Khaleeji Commercial Bank will be transferred from DFM
2 September 04:06 PM Khaleeji Commercial Bank to transfer shares to Bahrain Bourse
Mubasher: The shares of Khaleeji Commercial Bank will be transferred from the Dubai Financial Market (DFM) to Bahrain Bourse upon the completion of the settlement on 2 September. This move will enable the shareholders to trade the bank's shares at …
Management Decisions
DFM has approved BH Mubasher as a Market Maker
30 August 04:50 PM DFM approves BH Mubasher as Market Maker
Dubai – Mubasher: The Dubai Financial Market (DFM) has approved BH Mubasher, a leading company in the UAE’s financial market, as a Market Maker. The move authorises BH Mubasher to provide liquidity to companies listed on the DFM, according to the …
Trading Activities
The acquisition is subject to the approvals of shareholders
26 August 03:50 PM Bank of Bahrain and Kuwait considers acquiring Ithmaar Bank
Mubasher: The Bahrain-based Ithmaar Holding, listed on the Dubai Financial Market (DFM), Boursa Kuwait, and Bahrain Bourse, has held initial talks about the plan of Bank of Bahrain and Kuwait (BBK) to acquire its wholly-owned subsidiary, Ithmaar …
Mergers and Acquisitions
GB Corp is a leading investment bank
24 August 10:23 AM GFH increases stake in Global Banking
Mubasher: GFH Financial Group has raised its stake in Global Banking Corporation (GB Corp) to 50.4% from 28.6% after completing a strategic acquisition for the majority of the corporation's stake. The acquisition came after the Central Bank of …
Companies Investments
The company incurred accumulated losses of $795.6m
24 August 09:31 AM Ithmaar Holding's net losses exceed $1m in H1-20
Mubasher: The Bahrain-based Ithmaar Holding reported net losses attributable to the equity holders of $1.29 million during the first half (H1) of 2020, against net profits of $8.37 million in the same period of 2019. The basic and diluted losses …
Financial Results
The ruling was issued on Tuesday
20 August 10:17 AM Ruling obliges partner to return $20m to GFH
Mubasher: A verdict was issued by Bahrain Chamber for Dispute Resolution in favor of GFH Financial Group to oblige one of the partners to repay previously received fees of $20 million to the group. Issued on Tuesday, 18 August, the ruling …
Management Decisions
The EPS stood at 0.45 cents in the January-June period
18 August 09:34 AM GFH sees 69% lower net profits in H1-20
Mubasher: The net profits attributable to the shareholders of GFH Financial Group plunged by 69.4% to $15.05 million in the first half (H1) of 2020 from $49.13 million in the corresponding half of 2019, according to the company's consolidated …
Financial Results
The bank's net income increased to BHD 30.34m
13 August 05:19 PM Al Salam Bank's net profits down 42% in H1-20
Mubasher: The net profits attributable to the shareholders of Al Salam Bank – Bahrain decreased to BHD 7.1 million ($ 18.8 million) in the first half (H1) of 2020, down 42% from BHD 12.31 million ($32.6 million) in the corresponding half of 2019. …
Financial Results
The bank's total income increased to BHD 11.37 million
10 August 10:36 AM Khaleeji Commercial Bank achieves higher profits in H1-20
Mubasher: The net profits attributable to the shareholders of Khaleeji Commercial Bank, listed on Bahrain Bourse (BHB) and the Dubai Financial Market (DFM), surged to BHD 5.7 million in the first half (H1) of 2020, compared to BHD 199,000 in the …
Financial Results