Riyadh – Mubasher: Al Yamamah Steel Industries Company highlighted that the first phase of the expansion of the Jeddah Pipes factory started commercial production in April 2024. In a bourse statement, the company noted that the financial impact is …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked a partnership with Astra Tech, becoming the first lender to provide users across the country access to financial services on the Botim Ultra app. ADIB and Botim will join forces to develop …
Riyadh – Mubasher: Al Qemam for Computer Systems Company has signed a SAR 7.33 million agreement with Afaq Saher Contracting Est for information technology services. Under the agreement, Al Qemam will implement information technology systems, …
UAE – Mubasher: Etihad Airways started operating Airbus A380 double-decker aircraft with the first flight arriving at John F. Kennedy International Airport in New York from Abu Dhabi. The addition of the A380 has boosted Etihad's capacity in the …
Cairo – Mubasher: The Suez Canal Economic Zone (SCZONE) has entered into an agreement with the Chinese company WU'AN XIN FENG at an investment value of $297 million. The Chinese entity was granted usufruct rights to a land area spanning 750,000 …
Cairo – Mubasher: Arab Developers Holding is targeting contracted sales amounting to EGP 7 billion in 2024. The company plans to deliver 2,000 housing units in all of its development projects during this year, according to a bourse disclosure. In …
Riyadh – Mubasher: Middle East Paper Company (MEPCO) inked an engineering and supply contract with J.M. Voith SE & Co. KG Company on 22 April 2024. The deal covers the manufacturing, supplying, and supervising the installation of the main machine …
UAE – Mubasher: Spinneys 1961 Holding set the price range for its initial public offering (IPO) on the Dubai Financial Market (DFM) between AED 1.42 and AED 1.53 per Share. The IPO will imply a market cap at the time of listing of between nearly …
Cairo – Mubasher: The Egyptian government is in talks with the UAE’s Emirate of Fujairah and Brooge Petroleum and Gas Investment Company (BPGIC) to sign a preliminary agreement for building a free zone for production, storage, and trade of oil and …
UAE – Mubasher: The National Forum for Small and Medium Enterprises - Government Procurement is set to launch in Dubai on Tuesday, 23 April 2024. The forum will be attended by more than 80 federal entities, national companies, and many owners of …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) is currently in talks with China-based Hengli Group for a potential acquisition of a 10% stake in its controlled subsidiary Hengli Petrochemical Company. The equity acquisition is still subject …
Riyadh – Mubasher: National Medical Care Company (NMC) has won a SAR 380.92 million contract with Prince Sultan Military Medical City. Under the agreement, NMC will provide services to long-term care patients, according to a bourse filing. The …
UAE – Mubasher: British Airways has recommenced flights to Zayed International Airport in Abu Dhabi. The route has been paused for four years, according to the Emirates News Agency (WAM). Elena Sorlini, Managing Director and CEO at Abu Dhabi …
Riyadh – Mubasher: Leejam Sports Company (Fitness Time) inaugurated a new centre for ladies in Al Taif on 21 April 2024, according to a bourse filing. Located in Wadi Waj Road, Al Qamariah district, the new centre will include advanced facilities …
Cairo – Mubasher: Egypt's premier group-buying website and mobile app Waffarha has secured a Seed funding round from Saudi Value Makers Studio (VMS), according to a press release. The investment aligns with the platform’s expansion plans into the …
Riyadh – Mubasher: ROSHN Group, the real estate development arm of Saudi Arabia’s Public Investment Fund (PIF) has signed a memorandum of understanding (MoU) with US-based technology giant Cisco for use of Internet-of-Things (IoT) in building …
Cairo – Mubasher: The ordinary general meeting (OGM) of Fitness Prime Health Clubs agreed to raise the issued and paid-up capital to EGP 82.15 million from EGP 66.25 million. The EGP 15.90 million increase will be granted from the company’s net …
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has connected Al Wasl Skyscraper to the company’s district cooling network, according to a press release. The first phase of the process has already started, while the second …
Riyadh – Mubasher: The Public Investment Fund (PIF) inked a sale and purchase agreement (SPA) with Saudi Telecom Company (stc), on 21 April 2024, for a stake acquisition in TAWAL. The Saudi fund unveiled plans to own 51% shareholding in TAWAL, …
Riyadh – Mubasher: Amlak International Finance Company has renewed the SAR 864.50 million one-year credit facility agreement with the Saudi Investment Bank (SAIB). The Sharia-compliant loan will be used to facilitate the company's business and …
Cairo – Mubasher: Palm Hills Developments Company has confirmed a media report that it is in talks with a syndicate of three banks for a loan totalling EGP 1.72 billion. The company said that it is in the final stages of these talks, according to …
Dubai – Mubasher: Emirates Islamic Bank has concluded its debut $500 million syndicated financing facility, according to a recent press release. The three-year term facility is the first of its kind raised by a Shariah-compliant financial …
UAE – Mubasher: Volar Aerospace Limited (Volar), Hong-Kong based green air mobility company, signed a memorandum of understanding (MoU) with Abu Dhabi-based Inovartic Investment to cooperate on the commercial use of the RX-series of electric …
Cairo – Mubasher: B Investments Holding has acquired a 90% stake in Orascom Financial Holding (OFH), according to a bourse disclosure. The transaction was concluded on 17 April 2024, while the Financial Regulatory Authority (FRA) granted its …
Riyadh – Mubasher: Tabuk Agricultural Development Company (TADCO) has signed a non-binding memorandum of understanding (MoU) with Saudi Greenhouse and Agri Marketing Company to construct and manage high-tech greenhouses and marketing agriculture …
