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Markets Regulations

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23 July 10:38 AM FRA ratifies acquisition offer for 41% of Middle East Glass Manufacturing
Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved MENA Glass Holdings Limited's offer to acquire a 40.76% stake, equivalent to 25.52 million shares, in Middle East Glass Manufacturing Company (MEGM). The offer set the price …
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21 February 09:20 PM Saudi Arabia aims for 70% non-cash payments by end 2025 - CitiGroup
Riyadh – Mubasher: Saudi Arabia is targeting turning 70% of domestic payments to non-cash by the end of 2025, stated Philip Drury, Global Head of Technology and Communications Banking, Capital Markets, and Advisory at CitiGroup. As of 2022, the …
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14 January 05:25 PM GO obtains regulatory approval for SAR 250m capital hike
Riyadh - Mubasher: The Capital Market Authority (CMA) approved Etihad Atheeb Telecommunication Company's (GO) proposal to raise its capital by SAR 250 million through a rights issue on 8 January 2024, according to a bourse disclosure. Based on the …