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Companies Investments

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4 hours ago Elm signs agreement to acquire Tabadul’s entire shares from PIF
Riyadh – Mubasher: Al Elm Information Security Company (Elm) has signed a share purchase agreement to take over the entire shares of the Saudi Company for Exchanging Digital Information (Tabadul) from the Public Investment Fund (PIF), in a step to …
The deal could have a positive impact on Saudi Re’s sales and financials
4 hours ago Saudi Re signs exclusive reinsurer deal with Malath
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company has signed an exclusive agreement with Malath Cooperative Insurance Company to provide reinsurance coverage on the Inherent Defects Coinsurance Programme managed by Malath on behalf …
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12:59 PM Saudi Aramco sees biggest single day crude production in April
Riyadh - Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has achieved its highest single-day crude oil production of 12.1 million barrels on 2 April 2020. The oil giant continues to expand its gas business to meet future global and domestic …
Elsewedy will build a high voltage distribution substation in the city of Kasmbalesa
11:56 AM Elsewedy Electric's unit inks $38.6m deal to build substation in Congo
Cairo – Mubasher: Elsewedy Electric Co announced that its 99.8%-owned subsidiary Elsewedy Electric for Transmission and Distribution of Energy signed a new agreement worth $38.6 million with Congo’s Societe Nationale d'Electricite (SNEL). Under …
The reoffering process will take place from 11 to 12 August
11:43 AM Tihama’s rights issue 86.78% subscribed
Riyadh – Mubasher: Tihama Advertising and Public Relations Company on Sunday said a total of 8.677.641 million shares of the newly offered shares have been subscribed at a value of SAR 86.776 million. The company’s rights issue was subscribed by …
The company completed a three-year strategic plan
11:38 AM Union Properties to launch 'Motor City' project in 2021
Dubai – Mubasher: Union Properties will launch a new project 'Motor City Hills' during the first quarter (Q1) of 2021, according to the company's disclosure to Dubai Financial Market (DFM) on Sunday. The project is part of the company's three-year …
One of the companies will specialise in medical supplies and equipment
11:20 AM National Building to set up three new firms in Riyadh
Riyadh – Mubasher: The National Building and Marketing Company has begun procedures to establish three closed joint-stock companies based in Riyadh that operate in the fields of education, information technology, and medical supplies. The first …
ADSB has transferred 105.91m of its shares to Edge
11:00 AM Abu Dhabi Ship Building transfers 106m shares to Edge
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has transferred 105.91 million of its shares registered in the name of Emirates Defence Industries Company to Edge Platforms and Defense Systems. The transfer of the shares to Edge, an advanced …
The portfolio comprises 7 schools located in Riyadh, Jeddah, Yanbu, and AlKhobar
10:19 AM Al Khaleej Training inks MoU with Alkhabeer Capital to acquire firms
Riyadh – Mubasher: Al Khaleej Training and Education Company signed a non-binding Memorandum of understanding (MoU) with Alkhabeer Capital to acquire a portfolio of educational firms owned by private funds managed by Alkhabeer. In case a final …
The contract duration is one year
6 August 05:36 PM Walaa Insurance ink SAR 9.5m deal with Advanced Petrochemical
Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed an insurance agreement with Advanced Petrochemical Company. Under the SAR 9.53 million deal, Walaa will provide various insurance coverage services to the petrochemicals company, …
El-Gouna - Orascom Development’s flagship town
6 August 10:58 AM Orascom Development Egypt sells land in El-Gouna for EGP 105m
Cairo – Mubasher: Orascom Development Egypt (ODE) signed a land sale agreement with Mangroovy for Hotels. Under the deal, Mangroovy for Hotels will purchase a land plot in El-Gouna over an area of 40,654 square metres for EGP 104.8 million ($6.6 …
The deal came into effect on 1 August 2020
5 August 12:34 PM Alinma Tokio, Saudi Mohamed Yousuf Naghi ink SAR 18m insurance deal
Riyadh – Mubasher: Alinma Tokio Marine Company on Tuesday, 28 July, has sealed an agreement with Mohamed Yousuf Naghi Motors Co. to provide general insurance products for SAR 18.3 million. The insurer will provide property and marine insurance and …
Orascom was eyeing a stake in Bawabet Al Sharq Al Qahira Al Guedida
5 August 12:30 PM Orascom Investment announces end of talks with Qatari Diar
Cairo – Mubasher: Orascom Investment Holding (OIH) announced the end of negotiations with Qatari Diar Real Estate Investment Company and Bawabet Al Sharq Misr For Real Estate Development. Orascom was eyeing the acquisition of a stake in Bawabet Al …
The ranking reflects the competitiveness of Dubai's local maritime sector
5 August 11:31 AM Dubai ranks 5th globally in maritime industry for third year in row
UAE - Mubasher: Dubai has maintained its fifth position globally for the maritime industry in the International Shipping Centre Development (ISCD) Index for the third year in a row. Dubai is the first city in the region to be placed among the top …
Omran will raise its ownership in MTDC to 100%
5 August 10:05 AM Damac ends joint venture with Oman's Omran
Dubai – Mubasher: DAMAC Properties clarified that Damac International Limited (DIL) has entered a transaction to restructure Muttrah Tourism Development Company (MTDC). DIL, a joint venture between Damac and Dico Group, will end its agreement on …
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5 August 09:59 AM Al Kathiri Holding’s unit inks concrete supply deal with Tamimi Global
Riyadh – Mubasher: Al Kathiri Holding Company on Wednesday said its subsidiary Alian Industry Company was chosen to supply 25,000 cubic meters of ready-mixed concrete, both regular and reinforced, to Tamimi Global Co for SAR 5.249 million. Tamimi …
The contract could have a positive impact on Al Aseel’s Q3 financials
5 August 09:23 AM Thoub Al Aseel, NUPCO seal medical supplies deal for SAR 73m
Riyadh – Mubasher: Thoub Al Aseel on Tuesday, 28 July, signed a medical supplies contract with the National Unified Procurement Company (NUPCO) for SAR 73.125 million. The deal is a continuation of the efforts exerted to enhance Thoub Al Aseel’s …
The new wagons will triple Etihad Rail's fleet to over 1,000
4 August 05:28 PM Etihad Rail, China's CRRC ink agreement for 842 wagons
UAE - Mubasher: The UAE's Etihad Rail has signed an agreement with China's CRRC, the world's largest supplier of rail transit equipment, to be supplied with 842 new wagons. The new wagons will triple Etihad Rail's fleet to over 1,000, according to …
The sale will result in KWD 515,000 losses
4 August 03:53 PM Al Salam's unit sells 51.2% stake in House of Business
Mubasher: A subsidiary of Al Salam Group Holding has sold a 51.2% stake in House of Business Holding company at a total value of KWD 3.75 million ($12.3 million). Aldossor International Company For Trading and Construction has inked an agreement …
The company’s total ownership in Total Egypt stands at 7.97%
4 August 01:31 PM B Investments in talks to sell 20% of stake in Total Egypt
Cairo – Mubasher: B Investments Holdings has started initial negotiations to sell 20% of its stake in Total Egypt. The company’s total ownership in Total Egypt stands at 7.97%, according to a bourse disclosure on Tuesday. It is noteworthy to …
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4 August 12:42 PM Kuwaiti investor plans to buy A.S. Roma
Mubasher: Kuwaiti businessman Fahad Al Baker announced that he has submitted an offer to acquire A.S. Roma, a football club in Italy. “I can now confirm that we have submitted an offer to Mr. Pallotta for the acquisition of A.S. Roma,” the …
The JV is incorporated in the Abu Dhabi Global Market (ADGM)
4 August 12:14 PM ADNOC's unit, China's Wanhua launch shipping joint venture
UAE - Mubasher: ADNOC Logistics & Services, the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC) has formed a new strategic joint venture (JV) with Wanhua Chemical Group (Wanhua). The cooperation …
The East Village project
3 August 01:08 PM Arada awards AED 423m contract to build phase 2 of Aljada’s megaproject
Abu Dhabi – Mubasher: Arada has awarded a major contract to build East Village, the second phase of Sharjah’s AED 24 billion mixed-use district, Aljada, to Best Building Contracting Company. Valued at AED 423 million, the full contract involves …
Forbes launched the list last year
3 August 11:02 AM Fashion sector represents 42% of Forbes’ Women Behind Middle Eastern Brands 2020 list
Mubasher: This year’s Women Behind Middle Eastern Brands 2020 featured female trailblazers who managed to sustain their successful brands and push the boundaries despite the COVID-19 pandemic. The list, launched initially last year by Forbes, …
The new plane is the last one of this model
30 July 11:25 AM EgyptAir receives eighth Airbus A320neo plane
Cairo – Mubasher: EgyptAir has received its eighth Airbus A320neo family plane at the Cairo International Airport, coming from the Airbus factory in Toulouse in France, the chairman of EgyptAir Holding Company, Mohamed Roshdy Zakaria, announced. …