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A new company focused on consumer health products will be established
01:08 PM GSK Egypt to spin off consumer healthcare business
Cairo - Mubasher: GlaxoSmithKline (GSK Egypt) announced that GlaxoSmithKline plc, listed on the London Stock Exchange LSE), will separate its pharmaceuticals and vaccines business from its consumer healthcare business globally and establish two …
The company will be wholly-owned by Raya Contact Center
11:44 AM Raya Contact Center to set up new subsidiary in US
Cairo - Mubasher: The board of directors of Raya Contact Center approved the establishment of a wholly-owned subsidiary, which will be based in the US.  The board authorised the Chairman and Managing Director to determine the company's capital and …
The value of the subscribed shares amounted to SAR 217.16 million
26 July 11:15 AM Gulf General’s rights issue coverage exceeds 72%
Riyadh – Mubasher: A total of 21.71 million shares out of 30 million offered shares were subscribed during Gulf General Cooperative Insurance Company’s rights issue. The value of the subscribed shares amounted to SAR 217.16 million, with …
The study will be presented to shareholders before the capital raise subscription period
26 July 10:59 AM ICMI hires SOLID Capital to conduct FV study
Cairo – Mubasher: The board of directors of the International Company for Medical Industries (ICMI) approved the appointment of SOLID Capital For Financial Advisory as an independent financial advisor to assess the fair value (FV) of the company's …
The affected plant would fully be back to operating
25 July 03:03 PM Bawan receives SAR 10m as insurance for fire incident
Riyadh – Mubasher: Bawan Company has obtained SAR 9.6 million that represented part of the insurance claim covering the fire incident at a factory of its subsidiary Arnon Plastic Industries Company in Dammam city. The listed company did not expect …
Yansab closed the plants since 11 July
25 July 02:26 PM Yansab announces reopening of factories
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) has completed all maintenance works at its temporarily closed plants and started operations at the facilities on 23 July, according to a bourse filing on Sunday. Yansab earlier …
Al Rashid and Khogeer will assume their positions until July 2024
25 July 01:32 PM Naseej International names Chairman, Vice Chairman
Riyadh – Mubasher: Naseej International Trading Company has appointed Wael Saad Abdulaziz Al Rashid as the Chairman of the company for a three-year term, according to a bourse filing on Sunday. The company also named Ahmed Sirag Abdulrahman …
Pioneers Holding will be renamed Aspire Capital Holding for Financial Investment
25 July 12:50 PM Pioneers Holding's shareholders approve horizontal demerger
Cairo - Mubasher: The extraordinary general meeting (EGM) of Pioneers Holding Company for Financial Investment approved a proposal to split the company into three entities. Pioneers Holding will focus on financial services, while the two new …
Wafrah aims to raise the capital by SAR 154m
25 July 11:33 AM Wafrah appoints financial advisor for capital hike
Riyadh – Mubasher: Wafrah for Industry & Development Company has appointed Aljazira Capital to be the financial advisor that will manage the transaction of increasing the company’s capital through a rights issue, according to a bourse filing on …
The company requested to raise the offered price to EGP 6.25 per share
18 July 03:36 PM Tycoon Holding requests to raise bid for Alexandria Financial Investment
Cairo - Mubasher: Tycoon Holding has submitted a request to the Egyptian Financial Regulatory Authority (FRA) to amend the mandatory tender offer (MTO) submitted for acquiring up to 4.702 million shares or 90% of Alexandria National Company for …
The decision includes increasing the authorised capital to EGP 360 million
15 July 05:44 PM Marseilia approves authorised capital raise procedures
Cairo - Mubasher: The board of directors of Marseilia Almasreia Alkhalegeya Real Estate Investment approved submitting its disclosure form to proceed with the capital raise procedures.  The decision includes increasing the company's authorised …
The outstanding shares will be cancelled
15 July 12:30 PM Saudi Re’s shareholders nod to 10% capital raise; fluctuation limit announced
Riyadh – Mubasher: The shareholders of Saudi Re for Cooperative Reinsurance Co approved the board’s recommendation to increase the capital by 10% or SAR 81 million through bonus shares, according to a bourse filing on Thursday. The new capital …
Chubb Arabia will grant one bonus share for every two owned shares
15 July 12:21 PM Chubb Arabia’s shareholders approve capital hike; fluctuation limit announced
Riyadh – Mubasher: The shareholders of Chubb Arabia Cooperative Insurance Company have agreed to increase the capital by 50% or SAR 100 million through bonus shares, according to a bourse filing on Thursday. The new capital will stand at SAR 300 …
The number of shares after the capital hike will total 10 million
15 July 10:25 AM Thob Al Aseel’s board proposes 33% capital raise
Riyadh – Mubasher: The board of Thob Al Aseel Company has recommended a capital increase of 33.33% or SAR 100 million during its meeting on 14 July. The new capital is expected to stand at SAR 400 million, compared to SAR 300 million prior to the …
SABB owns 20% equity in the insurance company
14 July 05:45 PM SABB plans to exit Wataniya Insurance
Riyadh – Mubasher: The Saudi British Bank (SABB) intends to exit Wataniya Insurance Company to best serve the interest of the bank’s shareholders, according to a bourse filing on Wednesday. The bank is still considering the exit option as part of …
Tihama intends to restructure the capital to offset the accumulated losses
14 July 04:30 PM Tihama’s board recommends capital cut, raise
Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company proposed a capital reduction of 42.9% to be followed with a 50% increase, according to a bourse filing on Wednesday. The company aims to decrease the capital by …
The rights will be deposited into the investors’ portfolios on 25 July
14 July 02:09 PM Raydan discloses shares trading, subscription period; fluctuation limit announced
Riyadh – Mubasher: Raydan Foods Company announced that the beginning of the rights issue trading and new shares subscription period will be on 9 August, according to a bourse filing on Wednesday. The end date for the rights issue period will be on …
The value of the offering will stand at SAR 112.5 million
14 July 01:43 PM Raydan’s shareholders approve capital hike through rights issue
Riyadh – Mubasher: The shareholders of Raydan Foods Company gave the green light for the board’s recommendation to increase the capital through a rights issue of 11.25 million ordinary shares at a par value of SAR 10 each. The value of the …
The price of Cleopatra black label was raised to EGP 24
14 July 12:14 PM Eastern Company raises prices of main brands
Cairo - Mubasher: The Eastern Company approved the new price list of its main brands, effective as of 14 July.  The prices of Cleopatra Black Label, Mondial, and Mondial Switch have been raised to EGP 24, EGP 21, and EGP 24, respectively, the …
The increase represents 81.25% of the current capital
14 July 11:37 AM Arab Dairy to raise capital by EGP 130m
Cairo - Mubasher: The board of directors of the Arab Dairy Products Co. (Panda) approved a decision to increase the issued and paid-up capital by EGP 130 million.  The capital will be raised to EGP 290 million from EGP 160 million through the …
The capital raise will be allocated for the employee stock ownership plan
14 July 11:16 AM Beltone's board approves EGP 35.6m capital raise
Cairo - Mubasher: The board of directors of Beltone Financial Holding decided to increase the company's issued capital to EGP 926.95 million from EGP 891.3 million.  The capital will be raised by EGP 35.65 million, distributed over 17.82 million …
Tihama owns 51% stake in Intermarkets
13 July 04:56 PM Tihama liquidates Intermarkets on partners’ resolution
Riyadh – Mubasher: Tihama Advertising and Public Relations Company said its partners have decided to liquidate the International Advertising Services Company (Intermarkets), which has not been operating since 18 January 2012. Tihama owns 51% stake …
The decision includes the delisting of 6.68 million shares
13 July 04:42 PM EGX approves delisting of Assiut Islamic Trading's shares
Cairo - Mubasher: The Egyptian Exchange's (EGX) listing committee approved the delisting of the shares of Assiut Islamic Trading with an issued capital of EGP 66.846 million as of the beginning of the trading session on Wednesday, 14 July.  The …
CI Capital owns 98.1% of CI Consumer Finance - Souhoola
13 July 11:57 AM CI Capital approves in principle offer to sell Souhoola
Cairo - Mubasher: The board of directors of CI Capital Holding For Financial Investments approved in principle a non-binding offer submitted by Banque Misr to purchase CI Capital's stake of 98.1% in CI Consumer Finance - Souhoola.  The board also …
The capital will stand at SAR 30 million distributed over 3 million shares
12 July 05:05 PM CMA approves Development Works Food’s capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Development Works Food Company’s request to increase the capital by SAR 5 million through bonus shares of one-for-every-five shares. The capital will stand at SAR …