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27 April 06:40 AM

Management Decisions

Islamic Arab Insurance Company (Salama)
26 April 02:56 PM Salama strengthens capital base after AED 456m restructuring program
Dubai - Mubasher: Islamic Arab Insurance Company (Salama) has completed its capital restructuring program, marking the end of a multi-year transformation and restoring its financial strength. Salama has re-established its solvency position to a …
Company News
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23 April 06:50 PM Tawuniya’s board approves 50% capital increase via bonus shares
Riyadh - Mubasher: The Company for Cooperative Insurance’s (Tawuniya) board members approved increasing the capital by 50% to SAR 2.25 billion from SAR 1.50 billion through the issuance of one bonus share for every held two shares. The capital …
Board of Directors
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23 April 06:27 PM Wadi Kom Ombo amends estimated budget for FY26/27
Cairo - Mubasher: The ordinary general assembly of Wadi Kom Ombo for Land Reclamation Company approved on 22 April 2026 amendments to the estimated budget for fiscal year (FY) 2026/2027. The Egyptian company intends to achieve revenues of EGP 500 …
Management Decisions
Berain
22 April 12:45 PM CMA nods for Berain’s IPO on Tadawul
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the registration and the initial public offering (IPO) of Berain Company on the Saudi Exchange (Tadawul). The company plans to float 66 million shares that represent 30% of its share …
Corporate Actions
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22 April 09:23 AM Atlas Elevators, Multi Business Group receive CMA’s approval for capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike requests of Atlas Elevators General Trading and Contracting Company and Multi Business Group Company, according to bourse statements. Atlas Elevators intends to raise …
Company News
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19 April 05:36 PM SISCO Holding names Zuazua as new CEO
Riyadh - Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) announced Mauricio Zuazua as its new CEO, effective on 19 April 2026.  The board approved the appointment based on a recommendation from the Nominations and Remunerations …
Board of Directors
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19 April 03:21 PM Maharah’s board unveils dividends for H2-25; capital increase proposed
Riyadh - Mubasher: The board members of Maharah Human Resources Company approved the distribution of SAR 58.63 million in cash dividends, representing 13% of its SAR 475 million capital, for the second half (H2) of 2025. The Saudi company will …
General Assembly
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16 April 08:02 PM Avalon Pharma appoints new leadership team
Riyadh - Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) named Ahmad Shaher Al Tabbaa as the board’s Chairman for the next four years. The ordinary general meeting (OGM), which was held on 9 April 2026, also resolved to …
Management Decisions
Photo Archive
16 April 07:40 PM ANB names new Chairman, Vice Chairman
Riyadh - Mubasher: Arab National Bank (ANB) announced Salah Rashid Al Rashed as the board’s Chairman for a three-year term ending on 31 March 2029. The board members of ANB also appointed Abdulmohsen Ibrahim Al Touq as the Vice Chairman for the …
Central Banks
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15 April 03:29 PM Al Majdiah announces new Chairman, Vice Chairman
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) named Khalid bin Abdulrahman Al Majed as the board’s Chairman for the next four years. Majed bin Abdulrahman Al Majed was appointed as the Vice Chairman until 12 April 2030, …
Company News
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15 April 02:06 PM Tam Development appoints Al Mutrafi as new CEO
Riyadh - Mubasher: Tam Development Company announced Firas bin Ghazi bin Ibrahim Al Mutrafi as the new CEO, effective 15 April 2026. This appointment follows the resignation of the former CEO Abdullah Anwar Mohammed Yousef on 14 April, according …
Real estate
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15 April 12:09 PM Alexandria New Medical Center secures FRA nod for EGP 120m capital increase
Cairo - Mubasher: The Financial Regulatory Authority (FRA) has approved Alexandria New Medical Center's (ANMC) capital hike by issuing 120 million shares at a nominal value of EGP 1 per share, according to a bourse filing. The EGX-listed company …
Corporate Actions
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14 April 01:30 PM Aljazira Takaful announces Al Obrah as CEO
Riyadh - Mubasher: Aljazira Takaful Taawuni Company named Abdulrahman bin Saleh Al Obrah as its CEO, effective 13 July 2026. The board member approved this appointment on 13 April 2026, according to a bourse disclosure. Al Obrah brings nearly 23 …
Company News
Photo Archive
13 April 07:57 PM Saudi Printing unveils 2 key appointments
Riyadh - Mubasher: Saudi Printing and Packaging Company has named Saleh Hussain Al Dowais as the Chairman of the board, according to a bourse filing. Ali bin Hassan bin Mohammed Al Jameel was appointed as the Vice Chairman for the current term, …
Management Decisions
Photo Archive
13 April 02:03 PM Retal appoints new CEO, Managing Director
Riyadh - Mubasher: Retal Urban Development Company appointed Kamal bin Ahmed Mohammed Ahmed as the new CEO, succeeding Abdullah bin Faisal bin Abdulaziz Al Braikan, effective 13 April 2026. Meanwhile, Al Braikan was named the company’s Managing …
Management Decisions
Photo Archive
13 April 11:54 AM solutions’ board mulls 100% capital hike to back expansion
Riyadh - Mubasher: The board member of Arabian Internet and Communications Services Company (solutions) recommended increasing the capital to SAR 2.40 billion from SAR 1.20 billion. The group will capitalize SAR 1.20 billion from its retained …
Company News
Photo Archive
12 April 05:30 PM Alexandria National Investment submits documents to raise authorized capital, split stock, rebrand
Cairo - Mubasher: Alexandria National Company for Financial Investment has submitted documents to the Egyptian Exchange (EGX) for a capital increase, stock split, and amendments to its name, headquarters, and legal domicile. The EGX-listed company …
Company News
Photo Archive
12 April 04:11 PM FRA grants initial approval for South Valley’s rights issue
Cairo - Mubasher: The Financial Regulatory Authority (FRA) has no initial objection for South Valley Cement Company's rights issue invitation to existing shareholders to raise its issued capital. The subscription consists of 482.25 million shares …
Companies Investments
Photo Archive
9 April 06:18 PM Acwa announces Al Humaid as Vice Chairman
Riyadh - Mubasher: The board of Acwa Power Company approved, during its 8 April 2026 meeting, the resignation of Raad bin Esmat Al Saadi from his position as the Vice Chairman of the company.  Acwa's board also agreed to appoint Yazeed bin …
Corporate Actions
Photo Archive
9 April 01:40 PM Shalfa's board approves transfer to Tadawul's Main Market
Riyadh - Mubasher: The board members of Shalfa Facilities Management Company approved to move the listed shares from the Saudi Exchange’s (Tadawul) Parallel Market (Nomu) to the Main Market. On 8 April 2026, the board also agreed to appoint Value …
Trading Activities
Photo Archive
9 April 01:09 PM Vertika‘s board approves EGP 1.5m capital raise
Cairo - Mubasher: The board members of Vertika for Industry and Trade Company greenlighted increasing its capital to EGP 6.68 million from EGP 5.13 million through bonus shares. The company will raise the capital by EGP 1.54 million, which will be …
Companies Investments
Photo Archive
9 April 07:53 AM CMA greenlights Taiba Investments’ capital hike to SAR 5bn
Riyadh - Mubasher: The Capital Market Authority (CMA) approved increasing Taiba Investments Company’s capital to SAR 5 billion from SAR 2.60 billion by issuing one bonus share for 1.09 existing shares. The company will transfer SAR 1 billion from …
Companies Investments
Saudi Exchange (Tadawul)
8 April 08:32 PM Marble Design plans moving to Tadawul’s Main Market
Riyadh – Mubasher: The board members of Marble Design Factory Company approved the transition from the Parallel Market (Nomu) to the Main Market (TASI) on the Saudi Exchange (Tadawul), according to a bourse disclosure. Moving from Nomu, meanwhile, …
Management Decisions
Photo Archive
7 April 12:55 PM Batic Investments, Tibbiyah announce new leaderships
Riyadh - Mubasher: Batic Investments and Logistics Company appointed Fares bin Mansour Al Rajhi as the board's Chairman and Turki bin Ahmed Al Obailan as Dupty Cahirman for the next four years. The new appointment will take effect on 3 April 2026 …
Company News
Photo Archive
6 April 07:07 PM CMA greenlights Avalon Pharma’s capital hike
Riyadh - Mubasher: The Capital Market Authority (CMA) approved the request of Middle East Pharmaceutical Industries Company (Avalon Pharma) to increase its capital to SAR 350 million from SAR 200 million. The company will issue three bonus shares …
Management Decisions