Companies Investments

Riyadh – Mubasher: Keir International Company has inked a SAR 24 million agreement with the National Program for Community Development in Regions (Tanmiah) for consultation services in digital transformation. The agreement includes implementing a …

Riyadh – Mubasher: Barka Water and Power Company SAOG (BWPC), a subsidiary of ACWA Power Company, was awarded a project from Oman-based Nama Power and Water Procurement Company. ACWA Power’s unit was awarded the project on 24 April 2024, while the …

Mubasher: Bahrain-based alternative asset manager Investcorp partnered with China Investment Corporation (CIC) to launch Investcorp Golden Horizon, with a target size of $1 billion. The platform aims to invest in high-growth companies across …

Riyadh – Mubasher: Theeb Rent a Car Company has opened its new branch located in Riyadh’s Al-Arid district. The recent expansion brings the total number of the company’s branches in Riyadh to 14, according to a bourse filing. Theeb’s now operates …

Cairo – Mubasher: China State Construction Engineering Corporation (CSCEC Group) has inaugurated a steel structures factory in Egypt with CNY 87.40 million ($12.06 million) in investments. Located on 27,039 square meters, the new factory will have …

UAE – Mubasher: UK-based Artech Lighting has opened a new office in Dubai to support expansion in the Middle East. The new office will help the company secure more projects in the GCC region, creating new jobs to serve its growing client base, …

Cairo – Mubasher: Egypt-based HRTech bluworks has raised a $1 million pre-Seed investment round led by Saudi venture capital firm Khawarizmi Ventures, according to a recent press release.   bluworks plans to use the fundraising transaction to …

Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) intends to proceed with the initial public offering (IPO) and listing of 49.80 million ordinary shares on the Saudi Exchange (Tadawul). Fakeeh Care plans to …

UAE – Mubasher: ARA Real Estate Development, a subsidiary of Core Holding, has revealed an AED 22 billion gated community project in Abu Dhabi. Named Arabian Hills Estate, the project is planned to be built on 244 million square feet, according to …

Riyadh – Mubasher: Saudi Arabia’s General Authority of Foreign Trade has awarded Sure Global Tech Company a SAR 13.86 million contract to diversify and develop supply chains in goods to ensure abundance and quality. The contract includes the …

Abu Dhabi – Mubasher: AD Ports Group penned agreements with Unicargas and Multiparques to serve the facility and the broader Angolan logistics market AD Ports will acquire an 81% stake in a joint venture (JV) that will operate the terminal in …

UAE – Mubasher: Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42, a subsidiary of artificial intelligence (AI) technology company G42. The partnership aims to start the …

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) unveiled the scheduled periodic Turnaround maintenance of three affiliated companies, which will enhance the reliability of the plants. International Vinyl Company (IVC), …

UAE – Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has entered into a partnership agreement with Plenary Group, an Australian investor and developer of public-private infrastructure projects. Under the agreement, ADQ will …

Riyadh – Mubasher: Leejam Sports Company (Fitness Time) inaugurated a new centre for men in Al Majma Province on 23 April 2024. Situated on Umar bin Al Khattab Road in King Abdul Aziz district, the new centre operates under the brand Fitness Time, …

Cairo – Mubasher: Egypt-based fintech Bokra has closed a $4.60 million pre-Seed round led by DisrupTech Ventures and SS Capital, according to a press release. The fintech will use the funding to reshape wealth management in the MENA region by …

UAE – Mubasher: Dubai Chamber of Digital Economy, operating under Dubai Chambers, attracted nine multinational companies (MNCs) with a market value exceeding AED 304 billion ($82.84 billion) in 2023. This aligns with the emirate’s growing strategy …

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has launched du Pay to foster the UAE’s cashless economy and enhance its financial inclusion, according to a press release. Licensed by the Central Bank of the UAE (CBUAE), du …

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 …