Banking and Finance

Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) has signed a short-term loan agreement with the Saudi Export-Import Bank (Saudi EXIM Bank) to support its export activities, according to a bourse filing. The …

Cairo – Mubasher: Oriental Weavers sold its 0.70% equity in the National Bank of Kuwait - Egypt (NBK Egypt), according to a bourse discourse. The EGX-listed firm indicated that this step aligns with its plans to focus on activities related to the …

Riyadh – Mubasher: Saudi Top Trading Company signed a financing agreement worth SAR 25 million with Banque Saudi Fransi on 28 September 2023, according to a bourse filing. The firm will use a total of SAR 15 million to pay suppliers’ dues, while …

Riyadh – Mubasher: Tam Development Company signed a SAR 25 million Sharia-compliant financing facility agreement with Saudi Awwal Bank (SAB) on 20 September 2023. The funding term is 12 months and the agreement is guaranteed by a promissory note …

Dubai – Mubasher: Dubai Islamic Bank (DIB) has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group of Companies, according to a press release. Established by Aydın Group shareholders, …

Cairo – Mubasher: Edita Food Industries inked a finance agreement with the International Finance Corporation (IFC) to obtain a long-term loan at a total amount of $45 million. The facility deal holds a tenor of eight years, according to a bourse …

Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at an aggregated value of EGP 46.50 billion through two issues on Sunday, 1 October 2023. The first offering stood at EGP 19.50 billion, carrying a tenor of 182 …

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has recently completed the planned redemption of its $750 million additional tier-one (AT1) perpetual sukuk on the first call date. The Sukuk notes, which were redeemed on 20 September 2023, were …

Cairo – Mubasher: The Central Bank of Egypt (CBE) has offered debt instruments at a combined value of EGP 40.25 billion in the form of treasury bills (T-bills) and treasury bonds (T-bonds) on Monday, 25 September. The value of the T-bills stood at …

Cairo – Mubasher: Head of Consumer Banking at First Abu Dhabi Bank’s (FAB) unit in Egypt FABMISR, Mariam El-Samny, said that the financial sector is witnessing significant transformations due to global changes. El-Samny elaborated that this …

Cairo – Mubasher: The Central Bank of Egypt (CBE) has auctioned treasury bills (T-bills) and fixed coupon treasury bonds (T-bonds) at a combined value of EGP 46 billion on Sunday, 24 September. The financial entity issued T-bills amounting to EGP …

Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) renewed a Sharia-compliant financing agreement with Saudi Awwal Bank (SAB) at a value of SAR 306.18 million. The two parties signed the facility deal on 20 …

Cairo - Mubasher: The Egyptian Exchange (EGX) and the Central Bank of Egypt (CBE) will suspend their operations on Thursday, 28 September 2023, in celebration of Prophet Muhammad's birthday (Mawlid El-Nabawi). Trading and work at the EGX and banks …

Cairo – Mubasher: The OPEC Fund for International Development provided Egypt with a $10 million grant to support the food security sector in the Arab Republic. This comes as part of the $200 million syndicated trade finance facility with the …

Dubai – Mubasher: Emirates NBD has teamed up with CoriolisESG by TradeSun, the world's first automated environmental, social, and governance (ESG) scoring solution, according to a press release. The partnership aims to enhance the group’s …

Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) has secured a SAR 50 million multi-purpose financing agreement from Banque Saudi Fransi, according to a bourse disclosure.  The funding, which was obtained on 17 September 2023, …

Riyadh – Mubasher: Knowledge Economic City and Halwani Bros Company secured loans at a combined value of SAR 353 million from Al Rajhi Bank on 17 September 2023, according to bourse disclosures. Knowledge Economic City will use the investment to …

Cairo – Mubasher: Edita Food Industries signed two medium-term loan agreements for seven years at a combined value of EGP 390 million, according to a bourse filing. The first loan, which is an acquisition finance, stands at EGP190 million. The …

Dubai – Mubasher: Emirates NBD has made a strategic equity investment in Erguvan, a climate and fintech venture that provides financial institutions and corporations with digital infrastructure, according to a press release. The transaction was …

Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a value of EGP 250 million through one issue on Monday, 18 September 2023. The semi-annual coupon carries a seven-year maturity period until 7 May 2029, …

Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a total value of EGP 40 billion through two issues on Sunday, 17 September. The first offering stood at EGP 23 billion, carrying a tenor of 91 days until 19 …

UAE – Mubasher: Rejuveron Life Sciences AG, a biotechnology firm in Switzerland, has closed a $75 million dual-tranche Series B equity and convertible loan financing. The company will use the investment to widen its portfolio of medicines aimed at …

Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at an aggregated value of EGP 42.50 billion through two tranches on Thursday, 14 September. With an 182-day tenor until 19 March 2024, the first tranche stood at …