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Companies Investments

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3 March 05:37 PM Madinet Masr offers to develop 3 lands with Heliopolis Company
Cairo – Mubasher: Heliopolis Company for Housing and Development has received a technical and financial offer for the development of three plots of land in New Heliopolis City in partnership with Madinet Masr Housing and Development. The three …
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3 March 03:24 PM Borouge opens new offices in Kenya, South Korea to widen global footprint
Abu Dhabi – Mubasher: Borouge has established new offices in Kenya and South Korea in line with its strategic plans to expand its market share in high-growth geographies, according to a press release. Besides its sales and marketing office in …
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3 March 02:42 PM ADNOC acquires 25% equity ownership in global energy group OMV
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has officially closed the acquisition of a 24.90% shareholding in Austria-based OMV AG OMV AG from Mubadala Investment Company. The transaction aligns with ADNOC’s global chemicals …
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3 March 02:10 PM Beltone Leasing pens EGP 925m factoring deal for Redcon Properties
Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed an EGP 925 million syndicated factoring deal for Redcon Properties. The agreement is aimed at providing financial support to Redcon Properties, the real …
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3 March 01:29 PM Emaar Misr records EGP 6.8bn consolidated profit in 2023
Cairo – Mubasher: Emaar Misr for Development logged a consolidated net profit after tax of EGP 6.81 billion in 2023, versus EGP 6.56 billion a year earlier. Consolidated revenues grew to EGP 15.09 billion last year from EGP 14.73 billion in 2022, …
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3 March 01:23 PM Saudi Aramco completes acquisition of Chile’s Esmax
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco)has fully acquired Esmax Distribución SpA, a leading diversified downstream fuels and lubricants retailer in Chile. The transaction, which was first announced in September 2023, marks Aramco’s …
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3 March 12:52 PM TMG Holding’s ICON finalises acquisition of 7 historic hotels in Egypt
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) announced completing all procedures for the acquisition of a 51% stake in the management rights of Legacy Hospitality and Touristic Projects, which owns seven historic hotels in …
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3 March 11:21 AM Agthia raises stake in Egypt-based Auf Group to 70%
Abu Dhabi – Mubasher: Agthia Group has completed the acquisition of an additional 10% shareholding in Egypt-based healthy snacks and coffee manufacturer and retailer Auf Group. Through this transaction, the ADX-listed group increased its equity …
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3 March 11:12 AM Gas Arabian Services inks SAR 598m contracts with Saudi Power Procurement
Riyadh – Mubasher: Gas Arabian Services Company signed two contracts with Saudi Power Procurement Company at a total value of around SAR 598.01 million. The first contract includes providing engineering, procurement, and construction (EPC) works …
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3 March 10:48 AM ADIB Egypt withdraws acquisition offer of Cairo National for Investment
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has withdrawn a mandatory tender offer (MTO) to acquire the free float shares of Cairo National for Investment and Securities company. The offer was originally submitted on 14 December …
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3 March 10:31 AM B Investments’ board nods to $3m investments into Basata
Cairo – Mubasher: B Investments Holding’s board of directors has approved investing $3 million in Basata Holding for Financial Payments and its affiliates. The investment is set to fund Basata’s regional expansion plan, according to a bourse …
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3 March 10:22 AM e& bolsters connectivity in 16 countries via $6bn investments
Abu Dhabi – Mubasher: e& announced plans to invest $6 billion between 2024-2026 in technological advancement, infrastructure development, and innovative digital solutions to boost connectivity. The listed group made this commitment to the …
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29 February 05:12 PM Eastern Province Cement inks $270.5m contract with China’s Sinoma CDI
Riyadh – Mubasher: Eastern Province Cement Company signed the Fifth Line project contract with leading Chinese cement company Sinoma CDI, valued at $270.52 million. The project will have a production capacity of 10,000 tonnes of clinker per day, …
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29 February 04:38 PM Saudi Sumou, Egypt’s Hassan Allam pen development agreement
Mubasher: Saudi Sumou Holding and Hassan Allam inked a development agreement for key investment opportunities in the real estate sector, according to a press release. ADEER International Egypt, a subsidiary of ADEER Holding and Sumou Holding, …
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29 February 03:30 PM Riyadh Air partners with Adobe to enhance AI-backed travel experience
Riyadh – Mubasher: Riyadh Airhas joined forces with Adobe to deliver advanced global travel experiences, backed by generative AI, according to a press release. The new airline will integrate with a wide range of travel partners globally, allowing …
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29 February 01:33 PM UAE’s COTU Ventures launches $54m fund to back early-stage startups
UAE – Mubasher: Dubai-based early-stage venture capital (VC) firm COTU Ventures has launched a $54 million inaugural fund to support startups in the Middle East. The fund plans to back startups from inception to post-production launch with …
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29 February 11:48 AM ACWA Power announces 2023 financials, dividends; capital raise, SAR 3.4bn project unveiled
Riyadh – Mubasher: ACWA Power Company posted an annual growth of 7.90% in net profit to SAR 1.66 billion as of 31 December 2023, compared to SAR 1.54 billion. Revenues jumped by 15.52% to SAR 6.09 billion in 2023 from SAR 5.27 billion a year …
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29 February 09:51 AM SNB Capital launches $230m fund via Dubai-based unit
Riyadh – Mubasher: Saudi investment bank and asset manager SNB Capital launched SNBC Capital Oil & Gas Fund I, which was established by SNB Capital’s Dubai-based subsidiary, SNB Capital (DIFC) Limited. The newly created fund aims to provide …
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28 February 04:39 PM Egypt's fintech MoneyHash raises $4.5m Seed round
Cairo – Mubasher: Egyptian fintech MoneyHash, the first and leading payment orchestration platform in the MEA region, has secured a $4.50 million Seed funding round, according to a press release. The fundraising transaction was led by COTU …
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28 February 03:31 PM CoreVision acquires VeFund to boost startup ecosystem
Riyadh – Mubasher: Saudi investment firm CoreVision has acquired a stake in MENA-focused investment management platform VeFund, according to a press release. This strategic partnership aligns with CoreVision's expansion into the startup community, …
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28 February 01:51 PM Burjeel Holdings enters new partnership to enhance airport healthcare services
Abu Dhabi – Mubasher: Burjeel Holdings penned a deal with Abu Dhabi Airports to improve and streamline healthcare for passengers at Zayed International Airport, according to a press release. Under the partnership, the listed company will leverage …
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28 February 01:05 PM FRA greenlights B Investments’ acquisition of Orascom Financial Holding
Cairo – Mubasher: B Investments Holding obtained the approval of the Financial Regulatory Authority (FRA) to acquire 90% of the capital of Orascom Financial Holding (OFH). The transaction will be implemented through a stock exchange without the …
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28 February 12:40 PM Mubadala Capital seeks more global expansion with South Korea’s Woori Venture Partners
UAE – Mubasher: Mubadala Capital, the wholly-owned asset management subsidiary of Mubadala Investment Company, signed a memorandum of understanding (MoU) with South Korea’s Woori Venture Partners, a wholly-owned subsidiary of Woori Financial …
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28 February 11:54 AM Petronas Lubricants International eyes expansion in Egypt
Cairo – Mubasher: Petronas Lubricants International (PLI) held a meeting with EV For Petroleum Services Company, the authorized distributor and blender of PLI in Egypt, to discuss the vision for expansion in the Egyptian market. The meeting was …
GTN expands commodities offering for digital investing in physical gold and silver
28 February 10:10 AM GTN expands commodities offering for digital investing in physical gold and silver
Mubasher: GTN, a global fintech redefining investing and trading for all, is pleased to announce the addition of precious metals to its extensive asset class coverage, easing digital retail investing in physical gold and silver. GTN’s new offering …