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The company is raising its capital to AED 40 million
2 hours ago Gulfa's capital hike subscription coverage exceeds 100%
Dubai – Mubasher: The subscription to Gulfa Mineral Water and Processing Industries Company's issued capital rise was covered by 100.18%. On 9 July 2020, the subscription period, which was announced on 28 June, was closed for the shareholders …
The offer includes the purchase of 38.61 million shares
12 July 06:08 PM FRA approves MTO for Americana Egypt
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the mandatory tender offer (MTO) submitted by Americana Group, a subsidiary of Adeptio, to acquire the remaining minority interest in the Egyptian …
Americana Group will offer a purchase offer up to EGP 6.32 per share
8 July 04:05 PM Americana Group raises purchase price for Americana Egypt
Cairo – Mubasher: Americana Group has raised the purchase price for the minority interest in the Egyptian Company for International Touristic Projects (Americana Egypt), in response to the Financial Regulatory Authority’s (FRA) decision. Americana …
Certificates must be issued no more than 96 hours before departure
8 July 11:58 AM Emirates requires passengers from 10 countries to present negative coronavirus certificate
Dubai – Mubasher: Emirates airline announced that passengers from 10 countries will be required to obtain a negative coronavirus (COVID-19) certificate issued by a local government approved laboratory. “Certificates must be issued no more than 96 …
Americana Group aims to acquire 100% of Americana Egypt
7 July 06:02 PM Financial advisor sets Americana Egypt's FV at EGP 5/shr
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) is currently reviewing the fair value (FV) study conducted by an independent financial advisor for the Egyptian Company for International Touristic Projects (Americana Egypt). …
Lift Slab Misr aims to increase and diversify its revenue streams
7 July 12:25 PM Lift Slab Misr set to complete acquisition of El-Wafaa for Tourism Investment
Cairo – Mubasher: The Egyptian Company for Construction Development (Lift Slab Misr) is set to complete a deal to acquire 85% of El-Wafaa for Tourism Investment Co. for EGP 94.6 million from Al Forsan Real Estate Development & Investments. Through …
The total number of retail subscribers reached 266,821
7 July 09:23 AM Retail tranche of Amlak IPO oversubscribed at 2,690%
Riyadh - Mubasher: The initial public offering (IPO) of Amlak International for Real Estate Finance was completed on Sunday, 5 July, after finalising the retail subscription tranche at a total coverage of 2,690%, NCB Capital announced. The total …
Individual investors can subscribe to a maximum of one million shares
2 July 09:42 AM Amlak International’s IPO retail subscription begins today
Riyadh - Mubasher: The retail subscription period for 2.718 million shares offered by Amlak International for Real Estate Finance through an initial public offering (IPO) at a share price of SAR 16 will kick off on Thursday, 2 July, said NCB …
Listed companies are now exempt from paying fees for one year
1 July 04:54 PM Saudi CMA exempts listed firms, debt issuers from paying fees
Riyadh - Mubasher: The Board of Commissioners of the Saudi Capital Market Authority (CMA) approved to exempt listed companies from paying the applicable fees for some transactions for one year starting as of the end of June 2020. The exemptions …
The IPO registered a 500% institutional coverage
30 June 05:26 PM Amlak International sets IPO share price at SAR 16
Riyadh - Mubasher: The book-building process for institutions and investment funds subscribing to Amlak International for Real Estate Finance’s shares has been successfully completed, said the initial public offering's (IPO) financial Advisor, …
The board decided to delay the selection of the CEO and managing director
30 June 11:54 AM Real Estate Egyptian Consortium names chairman
Cairo – Mubasher: Real Estate Egyptian Consortium said that its board of directors approved the appointment of Adel Mamoun as the company’s chairman for a three-year term starting from 4 June. The board decided to delay the selection of the CEO …
Trading the shares of NCB and Samba was suspended for one day
28 June 10:37 AM Tadawul resumes trading on NCB, Samba shares
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) has resumed trading on the shares of the National Commercial Bank (NCB) and Samba Financial Group on Sunday, according to an official statement. The move came after the two lenders recently …
The first plot covers 331.14 million square meters
28 June 09:54 AM Al-Jouf Agricultural receives approval for land ownership
Riyadh – Mubasher: Al-Jouf Agricultural Development Company has received a letter from the Ministry of Environment, Water, and Agriculture granting it ownership for a total land plot covering 426.53 million square meters in Bosaita area, …
This will raise the company’s capital to EGP 150 million
25 June 04:03 PM Rubex International gets FRA’s approval on capital raise
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request from Rubex International for Plastic and Acrylic Manufacturing to publish its invitation to shareholders to subscribe to the company’s capital raise.   The …
Trading on NCB, Samba Group shares will resume on next Sunday
25 June 03:32 PM Tadawul suspends trading NCB, Samba stocks
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) on Thursday announced the suspension of trading the shares of the National Commercial Bank (NCB) and Samba Financial Group for one trading session. The decision came upon the request of both …
Winter Polo, Tantora Festival at Al Ula Desert - (Photo Credit: VisitSaudi)
24 June 11:51 AM Saudi Tourism Development Fund names CEO
Riyadh - Mubasher: The Board of Directors of the Saudi Tourism Development Fund approved appointing Qusai AI Fakhri as the fund’s CEO, according to an official statement on Wednesday. AI Fakhri has more than 20 years of experience in the …
The lands are located in Wadi Al Dawasir, Hail, and Al Jauf
24 June 10:35 AM NADEC obtains approval to own gov’t provided land
Riyadh – Mubasher: National Agricultural Development Company (NADEC) received a letter from the Ministry of Environment, Water, and Agriculture granting it ownership for the plots of lands it has been using from the total provided lands in Wadi Al …
The company’s issued capital will be increased to EGP 702.17 million
22 June 01:17 PM Porto Group's shareholders approve capital raise via bonus issue
Cairo – Mubasher: The extraordinary general meeting (EGM) of Porto Group Holding approved a proposal to increase its capital by EGP 100.3 million through a one-for-six bonus issue to be financed from 2018's retained earnings and 2019’s generated …
The capital raise is divided on 118.3 million shares at a nominal value of EGP 5 apiece
21 June 01:47 PM Pioneers Holding approves EGP 592m capital raise
Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment approved a decision to increase the company’s issued capital to EGP 5.274 billion from EGP 4.68 billion. The board, as authorised by the extraordinary …
The book building process will run on 22 June
21 June 10:07 AM Amlak International sets IPO share price range at SAR 15-17
Riyadh - Mubasher: The price range of Amlak International for Real Estate Finance’s offer shares has been set between SAR 15 and SAR 17, announced Amlak International and the initial public offering's (IPO) financial advisor, bookrunner, …
The company's accumulated losses amounted to AED 2.142 billion
21 June 09:46 AM Union Properties' OGM rejects reserve use for cutting accumulated losses
Dubai – Mubasher: The shareholders of Union Properties disapproved a proposal for the use of the statutory reserve of not exceeding AED 332.9 million to decrease its accumulated losses. In addition, the ordinary general meeting (OGM) also rejected …
The shareholders also approved not to distribute cash dividends
21 June 09:25 AM Fujairah Cement's OGM nods to withdraw from Boursa Kuwait
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Fujairah Cement Industries Co has agreed on the company's withdrawal from Boursa Kuwait, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday. During …
Photo Archive
15 June 05:44 PM Al Omran submits request to move to Tadawul
Riyadh - Mubasher: Al Omran Industrial Trading Company on Monday submitted a request to the Capital Market Authority (CMA) to move to the main market. The move to the Saudi Stock Exchange (Tadawul) was greenlighted by the company’s Board of …
Vice chairman of Mubasher Capital Ehab Rashad
14 June 11:28 AM MubasherTrade to raise number of branches to 50 in 3 yrs
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request by Mubasher International Trade for Securities (MubasherTrade) to raise its capital to EGP 63 million from EGP 21 million. Mubasher Capital Holding for …
Porto Group Holding’s net profits declined to EGP 116.88 million
10 June 04:12 PM Porto Group Holding's shareholders approve bonus issue
Cairo – Mubasher: The ordinary general meeting (OGM) of Porto Group Holding approved the board’s proposal to distribute bonus shares to be financed from 2018's retained earnings and 2019’s generated profits. The company’s shareholders agreed on a …