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Companies Investments

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1 hour ago EIC completes final phase of share buyback at SAR 7.2m
Riyadh – Mubasher: Electrical Industries Company (EIC) completed on 26 November 2020 the final phase to purchase its own shares under the incentives shares programme, subject to the approval of the company's extraordinary general meeting (EGM). …
The new joint venture will support the delivery and management of EfW projects
2 hours ago Masdar partners with Tribe to establish joint venture in Australia
UAE - Mubasher: Abu Dhabi Future Energy Company (Masdar) has inked an agreement with Tribe Infrastructure Group to establish a joint venture to develop utility-scale energy from waste (EfW) projects in Australia. The new joint venture will also …
The MOU includes the possibility of extending the supply and distribution rights later.
2 hours ago SPIMACO, Germany’s CureVac team up to provide coronavirus vaccine in KSA
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) has signed a non-binding memorandum of understanding (MoU) with Germany’s CureVac biopharmaceutical company to provide the COVID-19 vaccine in Saudi …
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26 November 04:45 PM Abo Moati extends SAR 40m loan deal with NCB
Riyadh – Mubasher: Abo Moati for Bookstores Company said it has renewed a Sharia-compliant credit facility agreement worth SAR 40 million on Thursday with the National Commercial Bank (NCB). The credit facility is guaranteed by a promissory note …
The signed deals will mature on 31 March 2022.
26 November 04:26 PM EIC, Bawan units pen SAR 166m deals with SEC
Riyadh – Mubasher: WESCOSA and the Saudi Transformers Company (STC), subsidiaries of Electrical Industries Company (EIC), signed agreements to supply Saudi Electricity Company (SEC) with electrical equipment. The total value of the deals, which …
A total of 50% of the award value will be pumped into the UAE’s economy
26 November 03:21 PM ADNOC awards $519m contract to explore new hydrocarbon resources
UAE - Mubasher: The Abu Dhabi National Oil Company (ADNOC) has awarded a $519 million (AED 1.9 billion) contract to expand the company's world’s largest three-dimensional (3D) onshore and offshore seismic survey in Abu Dhabi. The contract was won …
Qiddiya’s Master Plan.
26 November 10:50 AM Qiddiya awards construction contracts worth over SAR 2bn
Riyadh – Mubasher: Qiddiya Investment Company (QIC) said it has so far awarded construction contracts worth more than $533.3 million (SAR 2 billion) since construction on Saudi Arabia’s 366km2 Qiddiya gigaproject began a year ago, with 100% of the …
The acquisition will expand the group's regional position
26 November 09:59 AM Agthia Group inks agreement to acquire Kuwait's Al Faysal Bakery and Sweets
Abu Dhabi – Mubasher: Agthia Group has penned a sales purchase agreement to acquire Kuwait's Al Faysal Bakery and Sweets, according to a press release on Thursday. The acquisition will the group's regional position and strengthen its portfolio. In …
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26 November 09:24 AM Saudi Amiantit secures high rank in local content programme
Riyadh - Mubasher: ​The Saudi local content authority said that Saudi Arabian Amiantit Company has achieved 48.10% in local content and 58.10% in the percentage of local content and revenue from exports. The results were announced after the …
The company has completed the acquisition of Shirlington Tower
25 November 04:57 PM Dubai's neo capital acquires commercial properties in US, The Netherlands
UAE - Mubasher: Dubai-based neo capital, an advisory and asset management company, has acquired two major commercial properties in the US and The Netherlands. The company has completed the acquisition of Shirlington Tower, a multi-floor commercial …
The company will install 17,500 solar panels at three sites in Dubai
25 November 02:11 PM Agility announces new solar projects in Dubai, Jordan
Mubasher: Agility Public Warehousing, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, will start implementing two new solar projects in Dubai and Jordan to reduce 5% of the company's carbon footprint. In Dubai, the company will …
The first utilisation of the loan will be for solar PV projects in Jordan.
25 November 02:01 PM APICORP pens $50m revolving construction facility to Yellow Door Energy
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) has signed a $50 million revolving construction facility with Yellow Door Energy Limited, a leading UAE-based sustainable energy provider for businesses, to develop solar-PV …
The project is expected to start its production in 2024
25 November 01:07 PM DEWA selects preferred bidder for 120MIGD Hassyan Sea Water Reverse project
UAE - Mubasher: Dubai Electricity and Water Authority (DEWA) has announced UAE-based Utico FZC as a preferred bidder to build and run the 120 million gallons per day (MIGD) Hassyan Sea Water Reverse Osmosis (SWRO) Plant. Expected to start its …
One of the companies will be specialised in the financial services
25 November 12:30 PM Pioneers Holding's EGM nods to split into 3 firms
Cairo – Mubasher: The extraordinary general meeting (EGM) of Pioneers Holding Company for Financial Investment has approved to split the company into three separate companies. The companies will be specialised in the financial services, real …
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25 November 12:28 PM Speed Medical to set up new firm; rejects share exchange with City Lab
Cairo – Mubasher: The Board of Directors of Speed Medical Company approved the establishment of Speed for Medial Facilities Management Company with a 50% contribution from the company’s shares in a bid to manage hospitals, clinics, and medical …
Speciality chemicals generate around $2 billion of annual revenue.
25 November 11:25 AM SABIC considers IPO of Speciality Chemicals Business
Riyadh – Mubasher: The Saudi Basic Industries Corporation (SABIC) is mulling an initial public offering (IPO) of its multibillion-dollar speciality chemicals unit, Bloomberg said citing people familiar with the matter. SABIC is speaking with …
The company is planning to open 6-11 additional stations in Dubai
25 November 10:39 AM ADNOC Distribution opens first 'ADNOC On the go’ station in Dubai
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) has opened its first ‘ADNOC On the go’ station in Dubai in Al Yufra area, marking its 20th location in the emirate. The company is planning to open 6-11 …
Part of the signing ceremony.
25 November 10:37 AM ROSHN signs SAR 1.6bn strategic partnerships for ROSHN Riyadh
Riyadh – Mubasher: ROSHN, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has signed contracts worth SAR 1.6 billion to start contracting work of Phase One of its first project in Riyadh city. Rezaik Abdullah Algedrawy Contracting …
Dana Gas holds 35% of Pearl Petroleum
25 November 09:35 AM Dana Gas achieves record level in production from Khor Mor Gas Plant in KRI
Abu Dhabi – Mubasher: Dana Gas has announced a record level of 418MMscf/d achieved in the production of sales gas from Pearl Petroleum’s Khor Mor Gas Plant in the Kurdistan Region of Iraq (KRI) on 18 November. The production of Dana Gas, which …
The total value of land rent over the course of the contract has been reduced by SAR 620 million.
25 November 09:30 AM Arabian Centres amends “U Walk Jeddah” land lease contract
Riyadh – Mubasher: Arabian Centres Company (ACC) has concluded negotiations with the heirs of Princess Munira bint Abdulaziz Al Jiluwi Al Saud to amend some provisions of the company’s lease contract signed on 16 July 2015 for the U Walk Jeddah …
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25 November 09:04 AM Saudi Aramco issues $8bn worth of international bonds
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has completed issuing senior US dollar-denominated international bonds unsecured by assets pursuant to its Global Medium Term Note Programme. A total of 40,000 bonds were issued at a …
Saudi employees working in the new store represent 48% of total staff.
24 November 04:45 PM Jarir Marketing opens new store in Dawadmi governorate
Riyadh- Mubasher: Jarir Marketing Company on Tuesday inaugurated a new showroom on King Abdelaziz Road in Dawadmi governorate with SAR 27 million worth of investments. The 3,721-square meter outlet is Jarir’s 53rd outlet in the kingdom and the …
The deals are likely to reflect positively on Saudi Re’s financials starting from 2021.
24 November 03:52 PM Saudi Re inks reinsurance deals with Probitas Corporate Capital
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company on Tuesday signed reinsurance contracts with Probitas Corporate Capital Ltd for one year effective from 1 January 2021. Total gross written premiums (GWP) from the contracts are …
The project includes the installation of 4,500 solar panels
24 November 03:20 PM Al Ghurair Group partners with SirajPower to establish solar power systems
UAE - Mubasher: The UAE's SirajPower has signed a cooperation agreement with Al Ghurair Group to establish solar power systems in the group's facilities and establishments in the UAE. In the first phase of the project, SirajPower will design, …
The board plans to expand its investment portfolio
24 November 02:39 PM Aman's board agrees on three-year growth plan
Dubai – Mubasher: The board of Dubai Islamic Insurance and Reinsurance Company (Aman) has approved a three-year growth plan to strengthen the company's financial position by focusing on operational expansion and investment performance. Under the …