Riyadh – Mubasher: NEO Space Group (NSG), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF), appointed international telecoms industry veteran Martijn Blanken as its new group CEO. Neo Space plans to unlock the potential of space …
Riyadh – Mubasher: Jahez International Company for Information System Technology has submitted an official request to transfer from the Parallel Market to the Main Market of the Saudi Exchange (Tadawul). The request was submitted on 7 July 2024 …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed a binding subscription agreement with the Public Investment Fund (PIF) to increase its capital from SAR 891 million to SAR 1.15 billion. Saudi Re is set to increase its capital …
Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) ended the contract of Christopher Gerard Warwick, the Acting CEO of AMAK. The board members named Nihat Soyer as an Acting CEO of Amak on 4 July 2024, according to a bourse disclosure. …
Riyadh – Mubasher: Umm Al Qura Cement Company appointed Abdullah Abdulaziz Suleiman Alabdulatif as the Chairman of the board for the coming three years. Saud Mahamed Ali Al Sabhan was announced as the Vice Chairman, according to a bourse …
Riyadh – Mubasher: Abdulrahman Saad Al Jadhai resigned from the position of CEO of Elm Company after leading the company for more than 12 years. Al Jadhai submitted his resignation on 3 July 2024 for personal reasons, yet it will be effective on …
Cairo – Mubasher: The extraordinary general meeting (EGM) of Export Development Bank of Egypt (EBank) has approved raising the authorised capital to EGP 20 billion from EGP 10 billion. The EGM also ratified increasing the bank’s issued and paid-up …
Riyadh – Mubasher: Tabuk Agricultural Development Company (TADCO) appointed Majid Ahmed Ibrahim Al Suwaigh as the Chairman of the board for the next three years. Ahmed Sirag Khogeer was appointed as the Vice Chairman, according to a bourse …
Cairo – Mubasher: Egypt’s new government was reportedly unveiled, on 3 July, under the leadership of Prime Minister, Mostafa Madbouly. Extra News channel revealed the names of the entire new ministerial formation, which was approved by President …
Mubasher: Nasdaq-listed Ericsson has announced Patrick Johansson as its new Head of Market Area Middle East and Africa (MMEA) and Senior Vice President. The new head will replace Fadi Pharaon whose decision to leave Ericsson was announced in May …
Riyadh – Mubasher: Kingdom Holding Company named Prince Alwaleed bin Talal bin Abdulaziz Al Saud as the Chairman of the board for the next three years. Lama Abdulaziz Al-Sulaiman was appointed as the Vice Chairman, according to a bourse …
Riyadh – Mubasher: The equityholders of Saudi Ceramic Company (Saudi Ceramics) greenlighted, during the 26 June extraordinary general meeting (EGM), a capital hike by 25% to SAR 1 billion from SAR 800 million, according to a bourse disclosure. The …
Cairo – Mubasher: The Financial Regulatory Authority (FRA) passed the capital raise requests of Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) and e-finance for Digital and Financial Investments, according to bourse disclosures. ADIB Egypt will …
Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) and Pan Gulf Marketing Company obtained the shareholders’ approval, on 25 June, to increase their capital. 2P Prefect Presentation will raise its capital by …
Riyadh – Mubasher: The shareholders of United International Transportation Company (Budget Saudi) approved the board’s recommendation to increase the capital and acquire all shares of Al Jazeera Equipment Company Limited (AutoWorld). The new …
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Egypt’s new government formation will be announced this week and the new ministers will take a constitutional oath before President Abdel Fattah El-Sisi at the beginning of next week, parliamentary …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) appointed Ibrahim Saad Al Mojel as the board’s Chairman for the next four years. Abdulwahab Abdulkarim Albetari was named as the Vice Chairman, according to a bourse …
Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) submitted an application file, on 13 June, to the Capital Market Authority (CMA) to reduce its capital by SAR 265 million. The new capital will stand at SAR 135 million distributed …
Abu Dhabi – Mubasher: RAK Properties Company has received the approval of the Securities and Commodities Authority (SCA) to raise its issued capital to AED 3 billion from AED 2 billion, according to a bourse filing on 20 June 2024. The amended …
Abu Dhabi – Mubasher: Maritime organisation Al Seer Marine Supplies and Equipment, a subsidiary of the listed International Holding Company (IHC), has appointed Gunther Alvarado as its Deputy CEO, according to a bourse filing. Alvarado will be …
Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …
Cairo – Mubasher: The Financial Supervisory Authority (FRA) of Emaar Misr for Development approved the company’s request to raise its issued capital by EGP 3.19 billion. The EGX-listed firm will acquire Albro North Coast for Developments and …
Riyadh – Mubasher: The board members of Middle East Paper Company (MEPCO) accepted the resignation of Sami Ali Al Safran as the company’s CEO. Jan Renders, a current board member, took over as an acting CEO of MEPCO on 13 June, according to a …
Dubai – Mubasher: Mohamed Abdulrahman Amiri resigned from his position as the Vice Chairman of Gulf Navigation Holding (GNH). Abdulrahman Mahmoud Al Afifi will succeed Amiri, according to a bourse disclosure. The board accepted the resignation …
Abu Dhabi – Mubasher: Presight AI Holding elected, on 10 June, Sultan Ahmed Al Jaber as the Chairman of the board. Mansoor Al Mansoori was also announced as the Vice Chairman, according to a bourse disclosure. Al Jaber is the UAE’s special envoy …
