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14 April 09:51 AM

Company News

Photo Archive
15 minutes ago MESC obtains SAR 100m facility from SAB
Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) penned a Shariah-compliant loan valued at SAR 100 million with Saudi Awwal Bank (SAB). Both sides inked the deal on 13 April 2026, and it is valid until 10 March 2027, according to a …
Banking and Finance
Parkin
33 minutes ago Parkin taps Binghatti to expand portfolio across Dubai
Dubai - Mubasher: Parkin Company entered into a multi-year agreement with Binghatti Holding Limited to operate approximately 1,200 spaces across selected developments in the Jumeriah Village Circle, Al Jaddaf, and Business Bay areas. The …
Companies Investments
Photo Archive
13 April 06:57 PM Saudi Printing unveils 2 key appointments
Riyadh - Mubasher: Saudi Printing and Packaging Company has named Saleh Hussain Al Dowais as the Chairman of the board, according to a bourse filing. Ali bin Hassan bin Mohammed Al Jameel was appointed as the Vice Chairman for the current term, …
Board of Directors
Photo Archive
13 April 06:29 PM Alsaif Gallery to pay SAR 21m dividends for H2-25
Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) is set to disburse cash dividends amounting to SAR 21 million for the second half (H2) of 2025. The company will pay out a dividend of SAR 0.06 per share for …
Cash Dividends
Photo Archive
13 April 06:15 PM Saudi proptech Jozo closes SAR 8.3m funding round
Riyadh - Mubasher: Saudi-based Jozo has raised SAR 8.30 million ($2.21 million) in a seed round, led by Sheikh Hamad bin Saedan Real Estate Company as a strategic partner, according to a press release. The startup will use the fresh capital to …
Company News
Reme-D
13 April 04:18 PM Egypt’s biotech startup Reme-D to expand in Middle East via GIF-led funding
Cairo – Mubasher: Egyptian biotech startup Reme-D has secured a $500,000 investment from the Global Innovation Fund (GIF) to scale its molecular diagnostics solutions across Africa and the Middle East. The new funding will support the company’s …
Companies Investments
Sharjah Islamic Bank
13 April 03:17 PM Sharjah Islamic Bank’s profits exceeds AED 380.5m in Q1-26 interim results
Abu Dhabi – Mubasher: Sharjah Islamic Bank logged AED 380.66 million in net profit after tax during the first quarter (Q1) of 2026, an annual rise of 19.40% from AED 318.93 million. The basic and diluted earnings per share (EPS) increased to AED …
Financial Results
e& money
13 April 02:55 PM e& money launches digital gold investment service in UAE
Abu Dhabi – Mubasher: e& money, the fintech arm of Emirates Telecommunications Group Company (e&), partnered with SafeGold to launch a new digital gold investment offering. The new launch will enable customers in the UAE to buy and sell 24-karat …
Companies Investments
flyadeal
13 April 01:47 PM Saudi flyadeal to launch flights from Jeddah to Dubai
Riyadh - Mubasher: Saudi airline flyadeal is scheduled to launch flights between Jeddah and Dubai, reinstating services between the Saudi capital and Dubai, effective 15 April. The expansion strengthens connectivity between the Kingdom and the …
Companies Investments
Saint-Gobain Egypt
13 April 11:10 AM Saint-Gobain Egypt to inaugurate EUR 215m facilities by September
Cairo – Mubasher: Saint-Gobain Egypt plans to open two new factories in the Suez Canal Economic Zone (SCZONE) and Sadat City by next September, with a total investment of EUR 215 million. The first facility is planned to be Saint-Gobain's largest …
Company News
Photo Archive
13 April 10:54 AM solutions’ board mulls 100% capital hike to back expansion
Riyadh - Mubasher: The board member of Arabian Internet and Communications Services Company (solutions) recommended increasing the capital to SAR 2.40 billion from SAR 1.20 billion. The group will capitalize SAR 1.20 billion from its retained …
Corporate Actions
Photo Archive
13 April 10:27 AM Manazel sees higher profits at nearly AED 14.5m in 2025
Abu Dhabi - Mubasher: Manazel recorded higher net profits after tax amounting to AED 14.39 million in 2025, compared to AED 8.22 million in 2024. The revenues declined to AED 98.03 million last year from AED 135.21 million at the end of December …
Company News
Photo Archive
12 April 04:30 PM Alexandria National Investment submits documents to raise authorized capital, split stock, rebrand
Cairo - Mubasher: Alexandria National Company for Financial Investment has submitted documents to the Egyptian Exchange (EGX) for a capital increase, stock split, and amendments to its name, headquarters, and legal domicile. The EGX-listed company …
Companies Investments
Egypt’s Minister of Housing, Utilities & Urban Communities with Acwa Power Company's delegation
12 April 04:24 PM Egypt, Acwa Power discuss cooperation in seawater desalination projects until 2050
Mubasher: Randa El-Menshawy, Egypt’s Minister of Housing, Utilities & Urban Communities, held talks with a delegation from Acwa Power Company to discuss the operation of seawater desalination plants within the framework of the strategic plan for …
Companies Investments
Photo Archive
12 April 03:32 PM MIS rolls out SAR 114.5m agreement with Ministry of Education
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has received a purchase order from the Ministry of Education valued at SAR 114.55 million to provide IT services and products. The one-year contract will reflect on the company’s …
Company News
Photo Archive
12 April 03:11 PM FRA grants initial approval for South Valley’s rights issue
Cairo - Mubasher: The Financial Regulatory Authority (FRA) has no initial objection for South Valley Cement Company's rights issue invitation to existing shareholders to raise its issued capital. The subscription consists of 482.25 million shares …
Companies Investments
Photo Gallery
12 April 02:52 PM RCJY industrial cities attract SAR 1.5trn investments in 2025
Riyadh – Mubasher: The Royal Commission for Jubail and Yanbu (RCJY) invested over SAR1.50 trillion in its industrial cities by the end of 2025, according to the Saudi Press Agency (SPA). The investment reflects the authority's role as a key …
Companies Investments
The Ivy
12 April 02:31 PM IHC-backed DIAFA buys majority stake in Caring hospitality empire
Abu Dhabi – Mubasher: DIAFA, a luxury hospitality platform and affiliate of Abu Dhabi’s International Holding Company (IHC), has acquired a majority stake in Richard Caring’s portfolio. DIAFA took over The Ivy Brasseries as well as The Birley …
Mergers and Acquisitions
Photo Archive
12 April 02:23 PM CI Capital to disburse EGP 0.57/shr dividends for 2025
Cairo - Mubasher: The shareholders of CI Capital Holding for Financial Investments greenlighted cash dividends for 2025. The EGX-listed company will distribute a dividend of EGP 0.57 per share, according to a bourse filing. Meanwhile, the dividend …
Cash Dividends
Photo Archive
12 April 01:34 PM Domty posts lower consolidated net profits at EGP 161m in 2025; net sales exceed EGP 9.3bn
Cairo - Mubasher: Arabian Food Industries Company (Domty) registered an annual fall in consolidated net profits after tax to EGP 161.26 million during 2025, compared with EGP 501.17 million a year earlier. The earnings per share (EPS) retreated to …
Company News
Photo Archive
12 April 12:16 PM EGX approves temporary listing of ALNAHDA Industrial
Cairo - Mubasher: The Listing Committee of the Egyptian Exchange (EGX) greenlighted the temporary listing of ALNAHDA Industrial Company's shares with an issued capital of EGP 756 million. The capital is distributed over 75.60 million shares at a …
Company News
Photo Gallery
12 April 12:13 PM SAR launches 5 new logistics routes to boost international trade flows
Riyadh – Mubasher: Saudi Arabia Railways (SAR) has launched five new logistics routes to boost supply chain efficiency and integrate various transport modes, according to the Saudi Press Agency (SPA). The newly launched routes will link Arabian …
Companies Investments
Photo Archive
12 April 11:55 AM Riyadh Steel to pay SAR 3.5m cash dividends for 2025
Riyadh – Mubasher: Riyadh Steel Company announced cash dividends amounting to SAR 3.50 million, representing 5% of the capital, for 2025. The group plans to SAR 0.05 per share for 70 million eligible shares, according to a bourse filing. …
Company News
Photo Archive
12 April 11:32 AM EGX greenlights provisional listing of El Nasr Mining at EGP 600m capital
Cairo - Mubasher: The Egyptian Exchange's (EGX) Listing Committee has approved the temporary listing of El Nasr Mining Company’s shares with an issued capital of EGP 600 million. The capital is divided into 60 million shares at a nominal value of …
Companies Investments
Photo Archive
12 April 11:31 AM ADES extends offshore rig contract in Nigeria
Riyadh - Mubasher: ADES Holding Company has extended the drilling contract with Chevron Nigeria Limited for its premium jackup rig, Shelf Drilling Scepter, for one year, with a one-year unpriced option. The extension adds approximately SAR 178 …
Company News