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21 August 09:41 AM

Corporate Actions

The project will be funded by increasing the company’s capital by EGP 430.5 million
20 August 04:00 PM AMOC discusses $50m upgrade for production units
Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) said on Sunday that it would convene with AXENS to put down the final modifications for its middle distillates dewaxing units (MDDUs), with an estimated cost of $50 million, by mid-September …
Corporate Actions
Elsewedy is aiming to expand across all the segments
20 August 03:39 PM Elsewedy Electric to penetrate new markets - Report
Cairo – Mubasher: Elsewedy Electric is planning to enter new markets in Europe and Latin America to compensate for the decreased demand for wires and cables in the GCC states, according to a report by Pharos Research. The Egyptian firm is aiming …
Corporate Actions
The Saudi Industrial Export Company (SIEC) on Sunday announced extending the memorandum of understanding (MoU) with Engaz Al Ittihad Mining Company
20 August 02:58 PM SIEC extends MoU with Engaz Al Ittihad for 3M
Riyadh – Mubasher: The Saudi Industrial Export Company (SIEC) on Sunday announced extending the memorandum of understanding (MoU) with Engaz Al Ittihad Mining Company for the coming three months, effective 22 August. The MoU is allocated for …
Corporate Actions
The fund’s symbol will be 4334, and it will be listed under the REITs sector, with a daily fluctuation limit of 10% per unit, according to a statement
20 August 02:15 PM Tadawul to start Al Maather REIT listing, trading 22 August
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Sunday announced that the listing and trading on Al Maather real estate investment traded fund (Al Maather REIT Fund) will start on Tuesday, 22 August. The fund’s symbol will be 4334, and it …
Management Decisions
SODIC used subscription proceeds of EGP 804 million to increase its share capital until the end of FY16/17
20 August 01:03 PM SODIC uses subscription proceeds of EGP 804m by end-June
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) on Sunday said it used subscription proceeds of EGP 804 million to increase its share capital until the end of the fiscal year ended 30 June 2017. The remaining proceeds of …
Corporate Actions
AMOC approved to increase the company’s issued share capital to EGP 1.29 billion.
20 August 12:28 PM AMOC to hike capital through bonus shares distribution
Cairo – Mubasher: The board of directors of Alexandria Mineral Oils Co (AMOC) on Thursday approved to increase the company’s issued share capital to EGP 1.29 billion. The board agreed to increase the issued share capital through issuing 430.5 …
Corporate Actions
The total value of the transaction amounted to SAR 117.79 million, at SAR 10.66 per share
20 August 12:25 PM SABB to purchase 32.5% stake in SABB Takaful
Riyadh – Mubasher: The Saudi British Bank (SABB) signed on Thursday, 17 August, an agreement with subsidiaries of HSBC Holdings to purchase their 32.5% stake in SABB Takaful. The subsidiaries, which are part of the agreement, are Asia Holdings BV, …
Companies Investments
Renaissance Capital on Thursday revealed a report that focused on the potential foreign direct investments (FDI) in Egypt
17 August 09:08 PM FDI inflows sources to Egypt come from various states– RenCap
Cairo – Mubasher: Renaissance Capital on Thursday revealed a report that focused on the potential foreign direct investments (FDI) in Egypt. “[The] oil and gas could be the main beneficiary, with commercial real estate, modern retail and consumer …
Corporate Actions
Saudi Arabia-based, Kingdom Holding on Thursday denied that its chairman Alwaleed bin Talal will purchase a stake in on of the Russian banks
17 August 04:03 PM Bin Talal denies Russia banking investment, eyes other options
Riyadh – Mubasher: Saudi Arabia-based Kingdom Holding on Thursday denied that its chairman Alwaleed bin Talal will purchase a stake in a Russian bank, according to a press release. The statement came during a meeting between bin Talal and Alexey …
The second issue of the Kingdom's sukuk programme will be offered on Sunday, 20 August, subject to market conditions
16 August 01:48 PM KSA 2nd domestic sukuk issue to be offered 20 August – MoF
Riyadh – Mubasher: The second issue of Saudi Arabia's domestic sukuk programme will be offered during the next week, namely on Sunday, 20 August, subject to market conditions, the Saudi Ministry of Finance (MoF), represented by the Debt Management …
Sukuk and Islamic Finance
TMG Holding's board to raise sales budget for 2017 by EGP 2 billion to EGP 11.4 billion
14 August 12:02 PM TMG Holding to raise annual sales budget to EGP 11.4bn
Cairo – Mubasher: Talaat Moustafa Group Holding’s (TMG Holding) board decided to raise the company's sales budget for 2017 by EGP 2 billion after achieving positive financial results for the first half of 2017, according to a bourse filing on …
Corporate Actions
Aramco to resume operations in Zuluf 3 in Safaniya 21 years of expectation
13 August 03:37 PM Aramco to resume operations in Zuluf 3 after 21-yr hiatus
Riyadh – Mubasher: Saudi Arabian Oil Company’s (Aramco) production management team in the offshore oil field Safaniya were able to resume operations in Zuluf 3 to separate gas from oil after a 21-year halt, according to a statement on Sunday. In …
Corporate Actions
National International Holding purchased 44.25 million shares of Specialities Group Holding, Boursa Kuwait on Thursday said
10 August 08:40 PM National International Holding purchases 29.5% of Specialities Group shares
Kuwait – Mubasher: National International Holding purchased 44.25 million shares of Specialities Group Holding, Boursa Kuwait on Thursday said. The sold shares represented 29.5% of Specialities Group Holding’s capital, and the initial selling …
Corporate Actions
Orange Egypt will continue reshuffling its executive management on 1 September
10 August 06:16 PM Orange Egypt to complete management restructure in September
Cairo – Mubasher: Orange Egypt will continue reshuffling its executive management on 1 September, the company said in a statement on Thursday. Through the restructure, Orange aims to increase its operational efficiency and add experienced …
Corporate Actions
Saudi environment minister inks over SAR 186m deals
10 August 03:32 PM Saudi environment minister inks deals worth over SAR 186m
Riyadh – Mubasher: The Saudi Ministry of Environment, Water, and Agriculture (MEWA) signed nine agreements exceeding SAR 186 million with domestic companies, institutions, and consulting offices, said minister Abdulrahman bin Abdulmohsen …
Corporate Actions
This stake accounts for 9.84% of Zain’s issued and paid-up capital
10 August 01:46 PM Omantel buys KWD 255m stake in Zain
Mubasher: Mobile Telecommunications Company (Zain) has signed an agreement to sell 425.71 million treasury shares to Oman Telecommunications (Omantel) for a total value of KWD 255 million ($845 million) or 600 fils per share. This stake accounts …
Companies Investments
Amer Group signed an agreement with BNY Mellon to transfer and issue some of its capital shares into GDRs
9 August 12:31 PM Amer Group, BNY Mellon ink deal to issue GDRs
Cairo – Mubasher: Amer Group Holding signed an agreement with the Bank of New York Mellon (BNY Mellon) to transfer and issue some of its capital shares into global depository receipts (GDRs), according to a bourse filing on Wednesday. In July …
Corporate Actions
Asmak changed its commercial name in order to diversify investments and reinforce its operational and financial capacities
8 August 03:52 PM Asmak changes name, targets investments and expansions
Mubasher: International Holdings Company (Asmak) changed its commercial name in order to diversify investments and reinforce its operational and financial capacities, according to a statement on Tuesday. The decision was taken by the board as an …
Corporate Actions
ENPPI Petroleum will launch an IPO on the EGX during Q1-18
7 August 04:18 PM ENPPI Petroleum to launch IPO on EGX in 2018
By: Ahmed Alam Cairo – Mubasher: ENPPI Petroleum will launch an initial public offering (IPO) on the Egyptian Exchange (EGX) during the first quarter of 2018, Egypt’s minister of investment and international cooperation Sahar Nasr said. Nasr …
Initial Public Offerings
Alaiban is a representative of Arzan Financial Group for Financing and Investment
7 August 01:02 PM First Takaful names new chairman
Mubasher: First Takaful Insurance on 6 August has modified its board structure, appointing Hamed Mohamed Alaiban as its new chairman. Alaiban was named as a representative of Arzan Financial Group for Financing and Investment, according to a …
The EBE will raise its minimum base capital in accordance with the terms of the new law proposed by the CBE
6 August 05:30 PM EBE to be first to raise capital in EGX
Cairo – Mubasher: The Export Development Bank of Egypt (EBE) will increase its capital, to be the first out of six banks which need to raise their minimum base capital in accordance with the terms of the new law proposed by the Central Bank of …
Central Banks
Al Themar has a capital standing at KWD 77.3 million
6 August 04:24 PM Al Themar International amends delisting date
Mubasher: Al Themar International Holding has rescheduled the date of withdrawing from Boursa Kuwait to 18 October instead of 15 October. Modifying the delisting date is due to suspending trading on Al Themar’s shares from 1 to 3 August, according …
Trading Activities
Sanad will increase the capital by KWD 21.73 million through creditors
6 August 03:33 PM Sanad shareholders nod to capital hike
Mubasher: The ordinary general meeting (OGM) of Sanad Holding approved raising the company's capital by KWD 31.73 to total KWD 43.73 million. Sanad will increase the capital by KWD 21.73 million through creditors and by KWD 10 million in cash, …
Al Tijaria exited its 28.3% stake in the investment
6 August 11:02 AM Al Tijaria exits $3m investment
Mubasher: Commercial Real Estate Company (Al Tijaria) has sold its entire stake in the Hill Top Warehouse (Lincoln) investment. The Kuwaiti firm exited its 28.3% stake in the investment for about KWD 912,660 ($3 million), according to a bourse …
Al Bilad has proposed merging with Dimah Capital
3 August 05:14 PM Al Imtiaz units nod to merger plan
Mubasher: Al Imtiaz Investment Group said that the boards of its two subsidiaries, Dimah Capital Real Estate and Al Bilad Real Estate Investment Co, recommended approving a merger study. Al Bilad has proposed merging with Dimah Capital; the …
General Assembly