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41 minutes ago Bawan exits Bina Holding for over SAR 76.5m
Riyadh – Mubasher: Bawan Company has sold its entire stake in Bina Industrial Investment Holding Company (Bina Holding), which represents the concrete industries sector for the listed firm, to Ahmad Al Osaimi for a total value of SAR 76.70 …
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1 October 12:46 PM Misr Beni Suef eyes capital reduction
Cairo – Mubasher: The board members of Misr Beni Suef Cement agreed to cut the issued capital by EGP 67.92 million to EGP 611.38 million from EGP 679.28 million, according to a bourse disclosure. The EGX-listed firm will proceed with capital …
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1 October 10:50 AM Al Babtain Power boosts growth plans via SAR 213m capital raise
Riyadh – Mubasher: The shareholders of Al Babtain Power and Telecommunication Company approved the board’s proposal to increase the capital by SAR 213.15 million, according to a bourse statement. Following the 50% hike, the new capital will stand …
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27 September 11:48 AM Dana Gas to have new Group CEO following Allman-Ward’s retirement
Abu Dhabi – Mubasher: Dana Gas has appointed Richard Hall as the Group CEO after the announcement of the retirement of Patrick Allman-Ward, according to a bourse disclosure. Hall will join Dana Gas on 6 November 2023, while the current CEO …
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26 September 04:58 PM Egypt-based MM Group to launch business in Saudi Arabia
Cairo – Mubasher: The board of MM Group for Industry and International Trade, listed on the Egyptian Exchange (EGX), approved on 25 September to set up a company in Saudi Arabia. MM Group noted that establishing a firm in the Kingdom aims at …
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25 September 03:58 PM Naba Alsaha obtains regulatory nod for capital hike via bonus shares
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Naba Alsaha Medical Services Company's request to increase its capital by issuing one bonus share for every two existing shares. Naba Alsaha plans to raise the capital by SAR …
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24 September 03:36 PM Saudi German Health announces top official appointments
Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Health) has named Sobhi Abduljalil Batterjee as the Chairman of the board for the coming three years. Saudi German Health also appointed Makarem Sobhi Batterjee as the Vice Chairman …
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21 September 01:52 PM Tarabut Gateway unveils rebranding to back innovation in financial industry
Mubasher: MENA’s leading open banking platform Tarabut Gateway has announced a rebrand to Tarabut, according to a press release. The brand refresh boosts the company’s objectives to reshape open banking and connect the entire financial ecosystem …
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20 September 03:19 PM Dubai, Hong Kong arbitration centres strengthen ties through MoU
UAE – Mubasher: The Dubai International Arbitration Centre (DIAC) and the Hong Kong International Arbitration Centre (HKIAC) have signed a memorandum of understanding (MoU) to collaborate and promote international arbitration and other alternative …
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20 September 12:32 PM Alwasail moves business in Ras Al Khaimah factory to Burayadh
Riyadh – Mubasher: Alwasail Industrial Company has transferred the machines and equipment of the Ras Al Khaimah factory in the UAE to its factories in Burayadh city, according to a bourse filing. The firm indicated that all the factory’s equipment …
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19 September 12:33 PM Arab Sea appoints Chairman, Vice Chairman
Riyadh – Mubasher: Arab Sea Information Systems Company announced on 18 September the appointment of Mohammed Saleh Al Suhaibani as the Chairman of the board. The company also decided to name Ahmed Suleman Al Jasser as the Vice Chairman, according …
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19 September 11:01 AM CMA greenlights Arabian Shield’s capital raise to merge with Alinma Tokio Marine
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Arabian Shield Cooperative Insurance Company to increase its capital to SAR 798.15 million from SAR 638.52 million. The firm will issue 15.96 million ordinary shares to …
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18 September 12:51 PM Thimar’s shareholders to discuss capital increase early October
Riyadh – Mubasher: Thimar Development Holding Company plans to convene an extraordinary general meeting (EGM) on 8 October 2023 to consider raising the capital by issuing 15 million priority shares. The company targets a 150% capital increase from …
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18 September 10:19 AM Tadweer announces 3 key appointments
Riyadh – Mubasher: National Environmental Recycling Company (Tadweer) appointed Abdulaziz Al Nafea as the Chairman of the board for the coming three years. The firm also announced Abdulmohsen Abdulaziz Al Fares as the Vice Chairman, according to a …
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18 September 09:31 AM Walaa, Sure Global unveil capital raise proposal
Riyadh – Mubasher: Walaa Cooperative Insurance Company and Sure Global Company announced the board’s proposal to increase their capital, according to bourse disclosures. In line with its growth plans to enhance its solvency margin, Walaa will …
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14 September 03:10 PM Rawasi Albina anchors board with new appointments
Riyadh – Mubasher: Rawasi Albina Investment Company announced Salman Ghazai Nour Al Judaie as the Vice Chairman of the board members. The Saudi firm also appointed Mohsen Miteb Al Dajani Al Otaibi as the Managing Director, according to a bourse …
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14 September 12:04 PM Amiantit, Al Sagr Cooperative mull capital hike via rights issue
Riyadh – Mubasher: Saudi Arabian Amiantit Company and Al Sagr Cooperative Insurance Company plan to increase their capital by offering rights issues, according to bourse disclosures. Amiantit aims to raise its capital by SAR 346.50 million in line …
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13 September 03:13 PM SAIB’s shareholders nod to capital raise via bonus shares
Cairo – Mubasher: The ordinary general meeting (OGM) of Société Arabe Internationale de Banque (SAIB) agreed to increase the lender’s issued and paid-up capital to $331.02 million from $157.50 million. SAIB will offer 17.35 million bonus shares at …
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13 September 10:16 AM Horizon Food unveils new key appointments
Riyadh – Mubasher: Horizon Food Company named Yousef bin Abdullah Al Rajhi as the Chairman of the board for the next three years. Al Rajhi succeeded Alwaleed bin Khaled Alshathri, who resigned from his position last August. The firm also announced …
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12 September 05:39 PM Agthia’s shareholders approve H1-23 dividends
Abu Dhabi – Mubasher: The equityholders of Agthia Group agreed on disbursing 8.25 fils per share as a cash dividend for the first half (H1) of 2023, during the general assembly meeting on 12 September. The region’s leading food and beverage …
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12 September 11:19 AM CMA nods to Thimar, Al Omran’s capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of Thimar Development Holding Company and Al Omran Industrial Trading Company to increase their capital through rights issues. Thimar will increase its capital by SAR 150 …
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11 September 09:52 AM Makkah Construction appoints Al Fawaz as new CEO
Riyadh – Mubasher: Makkah Construction and Development Company named Fahad Mohammad Saleh Al Fawaz as its new CEO, according to a bourse disclosure. The board members accepted Al Fawaz’s appointment on 7 September, yet he will take over his new …
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7 September 12:46 PM Cenomi Retail appoints Chairman, Vice Chairman
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) announced Fawaz bin Abdulaziz Alhokair as the Chairman of the board for the coming three years. Cenomi Retail also named Abdulmajeed bin Abdulaziz Alhokair as the Vice Chairman, …
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7 September 08:50 AM FRA greenlights Nasr Company for Civil Works’ capital raise
Cairo – Mubasher: Nasr Company for Civil Works has received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures.    The EGX-listed firm plans to increase its issued and paid-up capital by EGP 50 …
Farid Al Mulla, CEO of Emirates Islamic
6 September 06:29 PM Emirates Islamic Bank appoints Al Mulla as CEO
Dubai – Mubasher: UAE-based financial institution Emirates Islamic Bank has appointed Farid Al Mulla as its new CEO who commenced his duties on 5 September 2023. Al Mulla succeeded Salah Amin, a banking veteran who retired after nearly 35 years of …