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Restaurants and cafes must provide an e-payment solution before August
29 June 09:25 AM Saudi retailers, restaurants now have to accept e-payments
Riyadh - Mubasher: All retail activities that have not yet provided an electronic payment (e-payment) solution in Saudi Arabia are now obliged to offer an e-payment mean starting as of 25 August, announced the National Program for Combating …
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28 June 10:50 AM Boursa Kuwait to resume suspended operations
Mubasher: Boursa Kuwait will resume some operations that were suspended due to the precautionary measures against COVID-19 during the past few months. In addition to the ongoing trading on the Kuwaiti stock exchange, as of Sunday 28 June, the …
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 …
Merger plans could be made public soon
25 June 04:20 PM Saudi NCB considers $13bn takeover of Samba Group
Riyadh - Mubasher: The Saudi National Commercial Bank (NCB) is exploring a deal to acquire Samba Financial Group for $13 billion (SAR 48.75 billion), Bloomberg reported on Thursday citing unnamed sources. The two banks are still in talks about a …
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 …
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23 June 05:24 PM Abyaar to resume trading tomorrow
Mubasher: Boursa Kuwait announced that trading the stock of Abyaar Real Estate Development will resume on Wednesday. The stock was suspended as the company did not pay the subscription fees for 2020. A total of 14 stocks were recently announced to …
The stocks have been suspended for variable reasons
21 June 03:40 PM Boursa Kuwait suspends trading of 14 stocks
Mubasher: Boursa Kuwait announced a list of 14 suspended companies from trading due to varied reasons. Tamkeen Holding Company was suspended as it did not submit the financials for the second and third quarter of 2019. The stocks of Ithmaar …
Al Sudairy expects the real estate finance sector to double in 10 years
21 June 02:14 PM Amlak CEO: Our IPO came at the right time – Interview
By: Mahmoud Salah El-Din Mubasher: The recently announced initial public offering (IPO) of Amlak International for Real Estate Finance is part of the company’s strategy since its inception, especially as it is achieving strong growth, according to …
The trading on DP World's shares was suspended
18 June 10:04 AM Trading DP World shares suspended for acquisition deal
Dubai – Mubasher: Trading the shares of DP World on Nasdaq Dubai has been suspended starting Thursday, the Dubai Financial Services Authority (DFSA) disclosed in a recent statement. The trading suspension will enable the parent company Port and …
The bank has been suspended from trading from 15 June
16 June 11:30 AM ADX suspends trading on Bank of Sharjah
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has decided to temporarily suspend trading on the shares of Bank of Sharjah for not disclosing its financial statements. The stock has been suspended from trading from 15 June and until …
The new foreign ownership limit aims to enhance the market's liquidity
14 June 12:42 PM CBD applies 40% new foreign ownership limit
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has allowed foreign investors to invest in as much as of 40% of its capital as of Sunday, 14 June, according to Emirates News Agency (WAM). The decision came after the bank had completed the …
The imports will be subject to Saudi approved procedures
9 June 04:59 PM Saudi Arabia greenlights electric cars, chargers
Riyadh – Mubasher: Saudi Arabia on Tuesday approved the commercial import of electric cars and chargers in accordance with the procedures set forth by relevant entities. The kingdom has been studying all the technical, economic, and environmental …
The DFM Smart Services App will include new services
2 June 01:39 PM DFM enables digital transformation via new Smart Services App
Dubai – Mubasher: Dubai Financial Market (DFM) has launched an all-inclusive DFM Smart Services App to enable investors to have access to its services and information. This new application is part of DFM's "Smart Borse" Strategy that aims …
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31 May 04:01 PM Tadawul lists AlBilad Gold ETF
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced the listing and trading units of “AlBilad Gold ETF” as an exchange-traded fund (ETF). on Tuesday 2 June 2020. The units if the fund will be traded under the symbol 9405. The Saudi …