Tawasul
Mubasher TV
Contact Us Advertising   العربية

Corporate Actions

The NCB-Samba merger will create a regional powerhouse with SAR 837 billion ($223 billion) in assets.
09:27 AM Saudi competition authority approves NCB-Samba merger
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) expressed its no objection to finalise the economic concentration process between the National Commercial Bank (NCB) and Samba Financial Group, according to the authority’s …
The proposal is still pending shareholder approval
27 January 12:05 PM Sarwa Capital's board proposes rebranding to Contact Financial Holding
Cairo – Mubasher: The board of directors Sarwa Capital Holding for Financial Investments approved a decision to rebrand to Contact Financial Holding. The board also decided to amend the company’s authorised capital in accordance with the Financial …
The capital cut will amortise accumulated losses worth SAR 110 million as of 30 September 2020.
26 January 09:18 AM Amana Cooperative receives go-ahead for SAR 110m capital cut
Riyadh – Mubasher: Amana Cooperative Insurance Company has received the go-ahead from the Saudi Central Bank (SAMA) to cut the company’s capital by 45.8% or SAR 110 million, according to a stock exchange statement on Tuesday.  The insurer’s …
An agreement was signed for the purchase of 99.95% of Itsalat International – Egypt
25 January 11:36 AM Raya Holding’s units acquire i2, URC
Cairo – Mubasher: Raya Holding for Financial Investments announced that its subsidiaries Raya Distribution and Raya Electronics acquired two retail companies. An agreement was signed for the purchase of 936,300 shares or 99.95% of Itsalat …
The company aims to expand Speed Hospital to 140 beds
25 January 11:10 AM Speed Medical scraps plan to establish hospital management firm
Cairo – Mubasher: The board of directors of Speed Medical Company approved the cancellation of its plan to establish a company for managing hospitals and medical facilities as it goes against the memorandum of understanding (MoU) signed with the …
The new shares will be listed on the EGX as of 27 January.
24 January 04:44 PM EGX approves listing stock-split shares of Electro Cable, Giza General Contracting
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee announced the listing of the new shares of Electro Cable Co and Giza General Contracting and Real Estate Investment Co. following a five-for-one stock split. Electro Cable Co’s …
Dice reported net losses of EGP 56.56 million in nine months
24 January 12:23 PM Dice considers withholding dividend payments
Cairo – Mubasher: The ordinary general meeting (OGM) of Dice Sport and Casual Wear approved a decision to withhold dividend payments until a study is conducted to assess how much liquidity is required for a dividend payout. The auditor will be …
The total value of Rawaj’s accumulated credit facilities reached EGP 1.2 billion
21 January 02:14 PM AIH's unit closes EGP 308m securitised bond sale
Cairo – Mubasher: Arabia Investments Holding announced that its auto loan-focused subsidiary Rawaj Finance closed its third securitisation bond issuance at a value of EGP 308 million. The Commercial International Bank acted as the financial …
The bank’s authorised capital will also be raised to EGP 10 billion
21 January 10:55 AM EBE's board approves EGP 546m capital raise
Cairo – Mubasher: Export Development Bank of Egypt (EBE) approved a proposal to raise its paid-up and issued capital to EGP 3.27 billion from EGP 2.728 billion. The board of directors decided to issue 54.65 million bonus shares at a nominal value …
The share's nominal value will be reduced to EGP 0.50
13 January 12:51 PM Raya Holding's board approves stock split
Cairo – Mubasher: The board of directors of Raya Holding for Financial Investments approved a proposal to boost trading on the company’s shares. The board decided to start procedures for a 10-for-one stock split to make the nominal value of the …
The liquidation will be based on the company’s financial position as of 31 December 2020.
13 January 12:18 PM Hadisolb approves liquidation, disposal of lands to settle debt
Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian Iron and Steel (Hadisolb) approved the disposal of several land plots to settle debts owed to Metallurgical Industries Holding Co and Banque Misr, and part of the debt owed to …
Hadisolb incurred net losses of EGP 274.48 million in three months
12 January 10:55 AM Hadisolb to liquidate steel plant, spin off mining operations
Cairo – Mubasher: The extraordinary general meeting (EGM) of the Egyptian Iron and Steel (Hadisolb), a subsidiary of the Ministry of Public Business Sector, decided to liquidate its steel plant and spin off its mining operations, Ahram Gate …
NileSat achieved net profits of $26.07 million in nine months
11 January 11:18 AM NileSat's board approves addition of new activities
Cairo – Mubasher: The board of directors of the Egyptian Satellites Co (NileSat) approved an amendment to its articles of association for the addition of new purposes. The board approved the addition of a new activity to provide services, …
The issued capital will also be raised to EGP 853.65 million
3 January 12:33 PM Fawry's shareholders approve capital raise, EGP 160m loan deal
Cairo – Mubasher: The ordinary general meeting (OGM) Fawry for Banking Technology and Electronic Payments approved a loan agreement worth EGP 160 million between its subsidiary Fawry Microfinance Co and the Egyptian-American Enterprise Fund which …
Photo Archive
31 December 2020 11:14 AM Saudi competition authority fines 3 firms SAR 15m
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) has fined three companies operating in the petroleum services sector SAR 5 million each for colluding in government competitions relating to public security. The companies are …
The Capital Market Authority (CMA)
31 December 2020 09:40 AM Raydan Food submits request to CMA for SAR 112.5m capital raise
Riyadh – Mubasher: Raydan Food Company has submitted a request to the Capital Market Authority (CMA) on 30 December for a SAR 112.5 million capital raise by way of a rights issue. FALCOM Financial Services has been appointed as a financial adviser …
The transaction involved 2.019 million shares at a value of EGP 100.99 million
30 December 2020 05:58 PM EGX resumes MTO on Nile Cotton Ginning's shares
Cairo – Mubasher: The Egyptian Exchange (EGX) announced the resumption of executing the mandatory tender offer (MTO) submitted by IMEX International on the shares of Nile Cotton Ginning. The transaction involved 2.019 million shares at a value of …
Nile Cotton Ginning incurred net losses of EGP 3.23 million in three months
30 December 2020 00:54 PM Nile Cotton Ginning's board approves voluntary delisting from EGX
Cairo – Mubasher: The board of directors of Nile Cotton Ginning approved the voluntary delisting of the company’s shares from the Egyptian Exchange (EGX). The board also approved the purchase of the shares owned by shareholders who are against the …
Egypt Gas will contribute EGP 12.24 million to the capital increase
30 December 2020 00:28 PM Egypt Gas approves Petromaint's capital raise
Cairo – Mubasher: The board of directors of Egypt Gas approved a decision to increase the authorised capital of its 15.08%-owned subsidiary Alexandria Petroleum Maintenance Co (Petromaint) to EGP 300 million from EGP 136 million.   The issued and …
The company’s issued and paid-up capital will be raised to EGP 1.42 billion
29 December 2020 05:51 PM EGX approves listing SODIC's EGP 28m capital raise shares
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved the listing of the capital raise shares of Six of October Development and Investment (SODIC). The company’s issued and paid-up capital will be raised to EGP 1.42 billion …
Photo Archive
29 December 2020 04:44 PM Nama Chemicals files lawsuit against former CEO
Riyadh – Mubasher: Nama Chemicals Company announced filing a lawsuit before Dammam Commercial Court against the company’s former CEO, Abdullah Bin Ouda Al Enazi, who was terminated on 25 August 2019.   Nama accused Al Enazi of administrative and …
The issuance of the Sukuk is managed by EFG Hermes
29 December 2020 00:19 PM CIRA gets FRA's approval for EGP 600m Sukuk issuance
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) gave the greenlight to EFG Hermes Sukuk Co to issue Ijara Sukuk for Cairo for Investment and Real Estate Development (CIRA). The Sharia-compliant Sukuk will be offered for …
The Capital Market Authority (CMA)
29 December 2020 09:35 AM Naseej International submits capital increase request to CMA
Riyadh – Mubasher: Naseej International Trading Company on Monday submitted a request to the Capital Market Authority (CMA) for a capital increase by way of a rights issue. Wasatah Capital has been appointed as the offering’s financial adviser, …
Initial losses due to the projects’ withdrawal are estimated at SAR 260 million.
28 December 2020 04:55 PM Al Khodari says 10 projects worth SAR 994m withdrawn
Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons Company (Al Khodari) on Monday said that 10 previously-awarded government projects in different stages of work have been withdrawn. The projects are valued at SAR 994.05 million and are …
The capital raise will be distributed over 102.44 million bonus shares
28 December 2020 11:24 AM Egypt Kuwait Holding’s shareholders approve capital raise via bonus issue
Cairo – Mubasher: The extraordinary general meeting (EGM) of Egypt Kuwait Holding (EKH), listed on the Egyptian Exchange (EGX) and Boursa Kuwait, approved an increase of $25.61 million in its issued and paid-up capital to reach $281.72 million. …