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Companies Investments

The company has sold 15 aircraft
12:19 PM Dubai Aerospace Enterprise records $2.8bn liquidity
UAE – Mubasher: The liquidity of Dubai Aerospace Enterprise (DAE) totalled $2.8 billion by the end of the first quarter of 2020. During the first three months of 2020, the company, which owned, managed, and mandated-to-manage a fleet of more than …
Tharwa drilled eight exploratory and development wells in 2019
31 March 04:07 PM Tharwa Petroleum seeks to acquire 6 concession areas in 2020
Cairo – Mubasher: Tharwa Petroleum Company is looking to obtain six concession areas in 2020 and enter into partnerships with major companies, including Total, ExxonMobil, Chevron, BP, and Shell, the company’s chairman Amr El-Leithy said. The …
The company seeks to support liquidity trading on the futures contracts
31 March 03:42 PM Al Ramz Capital expands market-making activities on Nasdaq Dubai
Dubai – Mubasher: Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Development, has expanded its market-making activities in Nasdaq Dubai to promote its position as a leading provider of liquidity on the listed futures. By …
The partial exit is from investments in companies out of Kuwait
31 March 03:17 PM Kamco exits $17m investments
Mubasher: Kamco Invest on Tuesday announced selling around 16.8% of its stake in a number of special-purpose companies (SPCs) for $16.9 million (KWD 5.2 million). The partial exit is from investments in companies out of Kuwait, according to a …
The company's shareholders will own shares in two companies
31 March 11:55 AM Dana Gas mulls demerging upstream business
Abu Dhabi – Mubasher: Dana Gas is studying the potential to separate its exploration and production business, known as "Upstream Business" into a new independent company, to be listed in Abu Dhabi Securities Exchange (ADX).  If the demerger is …
The service contract shall be effective for two years
31 March 10:25 AM Automated Systems to offer infrastructure services to Kuwait Airways
Mubasher: Kuwait Airways has accepted Automated Systems’ offer to provide infrastructure services for KWD 3.7 million. The service contract shall be effective for two years commencing as of Wednesday, 1 April 2020, until 31 March 2022, Automated …
Speed Medical will own 30% of the company’s capital
30 March 04:22 PM Speed Medical inks deal to establish new firm
Cairo – Mubasher: Speed Medical Company signed an agreement to form a new company under the name of ‘Prime Speed for Medical Services’ in partnership with Modern Solutions Company, Prime Egypt Group’s chairman Tamer Waguih, and other businessmen …
The board decided to increase Acrow Romania's capital
30 March 01:29 PM Acrow Misr to set up new firm in Tunisia
Cairo – Mubasher: The board of directors of Acrow Misr for Scaffolding and Formwork decided to establish a limited liability company in Tunisia. Acrow Misr will own 49% of the company’s capital which stands at $25,000, according to a bourse …
The transactions will reflect on URC's long-term liabilities
30 March 10:31 AM United Real Estate pens KWD 7m loan deal
Mubasher: United Real Estate Company (URC) has signed a credit facility agreement with a local bank for KWD 7 million ($22.4 million). The loan will finance the company’s commitments and will be due on 15 March 2023, according to a statement to …
Each of the two contracts is for one year
30 March 10:00 AM HEISCO extends $21m deals in Kuwait
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has renewed contracts worth nearly $21 million with Kuwait Oil Company (KOC) and the US army.  Valued at KWD 3.27 million ($10.5 million), the first contract with the Kuwaiti …
The agreement was penned with Rawabi Marketing International Company Limited
30 March 09:50 AM Al Kout inks $8m contract to supply Saudi Arabia with hydrochloric acid
Mubasher: Al Kout Industrial Projects has signed a one-year contract to supply Saudi Arabia with 70,000 tonnes of hydrochloric acid at a total value of $7.7 million. The agreement was penned with Rawabi Marketing International Company …
The company is studying several investment opportunities
29 March 05:28 PM B Investments Holdings uses EGP 275m of subscription proceeds
Cairo – Mubasher: B Investments Holdings announced that a total of EGP 275 million of its capital raise subscription proceeds amounting to EGP 458.27 million has been used. The amount has been used to increase the capital of Ebtikar for Financial …
Warba Capital will be reclassified as a subsidiary of Boubyan
29 March 02:58 PM Boubyan Petrochemical raises stake in Warba Capital to 50.26%
Mubasher: Boubyan Petrochemical Company has acquired an additional 1.39% stake in Warba Capital Holding Company for KWD 76,446. The new purchase will raise Boubyan’s ownership in Warba to 50.26%, according to a bourse filing on Sunday.    …
The company is currently completing all the relevant legal paperwork
29 March 11:42 AM Al Mommar inks deal to acquire 75% stake in Egyptian firm
Riyadh – Mubasher: Al Mommar Information Systems (MIS) signed a deal to acquire 75% of the shares of Egypt-based Fingerprint Consultancy. The company is currently completing all the relevant legal paperwork, according to a statement to the Saudi …
Both companies will establish a Saudi closed joint stock company
29 March 10:59 AM Advanced signs agreement for SAR 6.75bn petrochemical plants
Riyadh – Mubasher: Advanced Petrochemical Company announced that its subsidiary, Advanced Global Investment Company, has inked a partnership agreement with SK Gas Petrochemical, SK Gas Company's subsidiary. Under the agreement, both companies will …
Markaz generated a rate of return to investors from the sale at 27.7%
29 March 10:30 AM Markaz exits $58m Parc Santa Fe in US
Mubasher: Kuwait Financial Centre (Markaz) has completed the sale of Parc Santa Fe, a 344,542 square foot industrial property in the US city of Denver, Colorado, for $58 million. The sale of the property generated a net internal rate of return to …
The loans will finance the company’s business activities
29 March 10:04 AM National Cleaning renews KWD 39m loans
Mubasher: National Cleaning Company has renewed KWD 38.8 million worth of cash and noncash credit facilities contracts with local banks. The loans will finance municipality-related tender contracts that were previously announced as well as the …
The deal was made over 17.018 million shares
25 March 04:07 PM Orascom Development carries EGP 40.5 million large-scale deal
Cairo – Mubasher: A special deal worth EGP 40.5 million was executed through the large-scale transactions mechanism on the shares of Orascom Development Egypt, the Egyptian Exchange (EGX) announced on Wednesday. The deal was made over 17.018 …
The fund has purchased 12,015 shares in Orascom Construction
25 March 01:35 PM Fund raises stake in Orascom Construction to 8.6%
Mubasher: Sustainable Capital Africa Alpha Fund has raised its ownership in Orascom Construction, listed on Nasdaq Dubai and the Egyptian Exchange (EGX), from 7.61% to 8.61%. The fund has purchased 12,015 shares at a price of EGP 55 per share, …
Last year, 63% of projects were set up in Egypt
25 March 12:57 PM Enppi invests EGP 13bn in projects in Egypt, Middle East
Cairo – Mubasher: The Engineering for the Petroleum and Process Industries (Enppi) has implemented projects worth EGP 13 billion in Egypt and the Middle East during 2019, announced the chairman and CEO of Enppi, Ashraf Bahaa. Bahaa remarked …
Deli Foods Peru has inked an agreement with DP World
25 March 09:46 AM DP World adds first company to Jafza's Latin American incubator
Dubai – Mubasher: Deli Foods Peru has inked an agreement with DP World to join the Latin American (LATAM) Incubation Centre at Jafza One, a commercial complex located at Jebel Ali Free Zone (Jafza). Under the agreement signed during Gulfood 2020, …
The company achieved revenues of AED 4.4 billion last year
24 March 07:19 PM DAMAC vows to deliver projects on time – VP Interview
Mubasher: DAMAC Properties aims at delivering all projects on time and considers expanding abroad across many markets, according to the company’s Senior Vice President, Niall McLoughlin. Discussing the company’s future plans, financial …
ADQ has added 14 new companies to its portfolio
24 March 05:09 PM ADDH unveils ADQ as its new identity
UAE - Mubasher: Abu Dhabi Developmental Holding Company (ADDH) has announced its new identity, ADQ, according to a press release on Tuesday. ADQ has added 14 new companies to its portfolio, raising the total number of its companies to more than 25 …
ABB Power will provide Toshka 2 substation with high-voltage gas-insulated switchgear (GIS)
24 March 02:37 PM Elsewedy, ABB sign contract for grid expansion at Toshka substation
Cairo – Mubasher: Elsewedy Electric Company and ABB Group have inked a partnership to ensure efficient electricity supply in the strategic expansion of Egypt's Toshka 2 substation. Under the partnership, ABB Power Grids will provide the second …
The agreement marks the first investment by ACT in the UAE
24 March 10:27 AM Abu Dhabi Ports, Saudi ACT ink deal for commercial bulk liquid terminal
Abu Dhabi – Mubasher: Abu Dhabi Ports has signed an agreement with the Arabian Chemical Terminals (ACT) to set up Abu Dhabi's first commercial bulk liquid storage terminal at Khalifa Port, according to the Emirates News Agency (WAM). The agreement …