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Management Decisions

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6 December 03:10 PM Al Ahly Capital plans to exit 3 EGX-listed firms
Cairo – Mubasher: Karim Saada, CEO and Managing Director of Al Ahly Capital Holding Company, stated that the firm intends to sell its entire shares in three companies listed on the Egyptian Exchange (EGX). Saada noted that Al Ahly Capital, the …
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6 December 01:28 PM AD Ports unveils merger transaction with AED 7bn equity value
Abu Dhabi – Mubasher: AD Ports Group announced the merger of KEZAD Communities with Al Eskan Al Jamae LLC (EAJ) to develop Abu Dhabi’s largest integrated staff accommodation company which will have an equity value of nearly AED 7 billion. AD Ports …
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5 December 11:00 AM Marseilia’s shareholders approve stock split
Cairo - Mubasher: The extraordinary general meeting (EGM) of Marseilia Almasreia Alkhalegeya Real Estate Investment unanimously approved splitting the share’s nominal value to EGP 0.50 from EGP 1 during a meeting on 4 December 2022. This brings …
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4 December 03:39 PM CMA greenlights Amiantit’s SAR 346.5m capital raise
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Saudi Arabian Amiantit Company’s request to increase its capital through a rights issue worth SAR 346.50 million. Subject to the shareholders’ approval and other regulatory …
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30 November 08:16 PM National Fertilizer changes company name
Riyadh – Mubasher: National Fertilizer Company has rebranded into MOBI Industry Company after it received the shareholders’ approval during the extraordinary general meeting (EGM) on 10 November 2022. The company noted that the new commercial …
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30 November 03:24 PM Nayifat’s board proposes 20% capital raise via bonus shares
Riyadh – Mubasher: The board of Nayifat Finance Company suggested to increase the capital by 20% through the issuance of one bonus share for every five existing shares, according to a bourse filing. Following the raise, the new capital will stand …
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30 November 02:51 PM CMA greenlights FIPCO’s capital hike via rights issue
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Filing and Packing Materials Manufacturing Company’s (FIPCO) request to increase the capital through a rights issue worth SAR 115 million. According to the latest data on the Saudi …
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27 November 05:47 PM Standard Chartered Bank names Al Bunyan as CEO in Saudi Arabia
Riyadh - Mubasher: Standard Chartered Bank has appointed Mazen Fahad Al Bunyan as its CEO for Saudi Arabia, according to a recent press release. Before joining Standard Chartered Bank, Al Bunyan served as the CEO of Alawwal Invest Company, an …
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27 November 05:34 PM MEPCO’s shareholders approve over SAR 166.5m capital raise
Riyadh – Mubasher: The shareholders of Middle East Paper Company (MEPCO) agreed to increase its capital by 33.30% to SAR 666.66 million from SAR 500 million, according to a bourse filing. The Tadawul-listed firm will capitalise SAR 166.66 million …
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27 November 04:24 PM Aramco's Luberef plans to float over 29.5% of shares on Tadawul
Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) intends to proceed with the initial public offering (IPO) to trade 29.65% of its share capital on the Main Market of the Saudi Exchange (Tadawul). The firm plans to offer 50.04 million …
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27 November 02:56 PM CMA approves Dallah Healthcare's capital hike for stake acquisition in IMC
Riyadh – Mubasher: The Capital Market Authority (CMA) passed Dallah Healthcare Company’s request to increase its capital to SAR 976.81 million from SAR 900 million for a potential equity acquisition. The firm will raise its capital by issuing 7.68 …
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27 November 12:48 PM General Company for Silos to set up new firm with EGP 500m capital
Cairo – Mubasher: The General Company for Silos and Storage is about to sign an agreement to establish a company operating in the field of construction and management of silos and storage under than name of Egypt Land for Silos and Storage. The …
Giovanni Beretta, Regional Vice President at Jumeirah Group and General Manager of  Burj Al Arab Jumeirah
24 November 04:01 PM Jumeirah Group announces strategic appointment
Dubai – Mubasher: Global luxury hospitality company Jumeirah Group announced a strategic senior hire for its Dubai portfolio, reinforcing its commitment to further differentiate its brand experience and meet the ever-evolving needs of its guests.  …
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24 November 03:25 PM Saudi Enaya raises over SAR 80m in rights issue
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company recorded a 61.66% coverage of its rights issue and new shares subscription at a value of SAR 80.15 million. A total of 8.01 million shares out of 13 million shares were subscribed, …
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24 November 09:40 AM Al Moasher for Programming’s EGM greenlights capital hike
Cairo – Mubasher: The extraordinary general meeting (EGM) of Al Moasher for Programming and Information Dissemination Company unanimously approved increasing the company’s issued capital by EGP 20 million. The company’s new issued capital will …
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24 November 09:35 AM Sidpec’s EGM approves EGP 252m capital increase
Cairo – Mubasher: The extraordinary general meeting (EGM) of Sidi Kerir Petrochemicals (Sidpec) approved raising the company’s issued and paid-up capital to EGP 1.51 billion from EGP 1.26 billion. The EGP 252 million capital increase will be …
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23 November 06:04 PM France’s Capgemini announces Seif Eldin as CEO in Egypt
Cairo – Mubasher: Capgemini, a France-based firm specialised in consulting, technology services, and digital transformation, appointed Hossam Seif Eldin as its CEO in Egypt. Seif Eldin will lead the group’s latest Global Delivery Center team of …
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23 November 04:26 PM Beltone turns to consolidated losses in 9M-22; capital raise proposed
Cairo – Mubasher: Beltone Financial Holding turned to consolidated net losses of EGP 139.88 million in the first nine months of 2022, against consolidated net profits of EGP 10.45 million in the same period in 2021, including minority …
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23 November 02:57 PM Salama Cooperative receives SAMA’s nod to capital hike
Riyadh – Mubasher: Salama Cooperative Insurance Company has obtained the Central Bank of Saudi Arabia’s (SAMA) approval to increase the capital by SAR 100 million. The insurer will offer primary rights shares to raise the capital from SAR 100 …
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23 November 02:50 PM Shams obtains shareholders’ approval for 1000% capital raise
Riyadh – Mubasher: The shareholders of Tourism Enterprises Company (Shams) agreed to increase its capital to SAR 578.23 million from SAR 52.56 million, according to a bourse filing. Shams will offer a rights issue worth SAR 525.66 million at a …
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23 November 02:48 PM Arabia Insurance’s EGM nods to 100% capital hike via rights issue
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Arabia Insurance Cooperative Company greenlighted the board’s recommendation to increase the capital by 100% to SAR 530 million from SAR 265 million. The capital hike will be carried …
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23 November 01:57 PM Malath Cooperative appoints new Chairman, Vice Chairman, CEO
Riyadh – Mubasher: Malath Cooperative Insurance Company has named Mohammed Ali Alammari as the board’s new Chairman for the coming three years, according to a bourse disclosure. The Saudi insurer also appointed Bader Ali Alali as the Vice …
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13 November 05:53 PM CMA nods to Hilwa’s capital hike via bonus shares
Riyadh – Mubasher: The Capital Market Authority (CMA) passed Al Jouf Mineral Water Bottling Company’s (Hilwa) request to increase its capital to SAR 46.87 million from SAR 31.25 million through bonus shares. The company will raise its capital by …
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9 November 05:43 PM Saudi Parts Center names new Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Parts Center Company appointed Abdullah Ibrahim Al Khorayef as the new Chairman of the board, according to a bourse disclosure on Wednesday. The new official, who was the board’s Vice Chairman, succeeded Muhammad Abdullah …
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31 October 04:06 PM Riyad Bank announces new Chairman, Vice Chairman
Riyadh – Mubasher: Riyad Bank has named Abdullah Mohammed Al Issa as the new Chairman of the board for the next three years, according to a bourse disclosure. In addition, the Saudi lender appointed Mutaz Kusai Al Azzawi as the Vice Chairman. The …