Companies Investments

Abdullah Al Othaim Markets on Tuesday announced selling a shopping mall in Ha'el city at a value of SAR 361.26 million ($96.3 million)
22 August 05:23 PM Al Othaim Markets sells shopping mall at SAR 361m
Riyadh – Mubasher: Abdullah Al Othaim Markets on Tuesday announced selling a shopping mall in Ha'el city at a value of SAR 361.26 million ($96.3 million). The shopping mall’s area is 61,000 square metres, its selling price was received, and the …
Alinma real estate aims to achieve 9% returns via purchasing properties
22 August 03:54 PM Alinma real estate aims to achieve 9% returns via purchasing properties
Riyadh – Mubasher: Alinma Makkah Real Estate Fund aims to purchase three hotels and commercial zones from Jabal Omar Development to achieve 9% returns, and re-leasing the company for another round, CEO Saleh Al Henaki said. About 8% of the total …
The construction of Eagle Hills is well underway and completion is on track for 2019.
22 August 03:26 PM Eagle Hills signs AED 300m financing facility for Address Fujairah resort
Abu Dhabi – Mubasher: Eagle Hills signed an AED 300 million facility with the National Bank of Fujairah (NBF), according to a statement. The bank will finance the ongoing construction of the Address Fujairah Resort + Spa in Fujairah. The project …
All Saudi airports will be privatised and discussions are ongoing about establishing firms to manage them
22 August 02:21 PM All KSA airports to be privatised – Alshetwey
Riyadh – Mubasher: All Saudi airports will be privatised and discussions are ongoing about establishing firms to manage them, Mohammed Abdelaziz Alshetwey, the assistant president for financial affairs in Saudi Arabia’s General Authority of Civil …
Agiba Petroleum invested $212 million in FY16/17
22 August 01:34 PM Agiba Petroleum invests $212m in FY16/17
Cairo – Mubasher: The chairman of Agiba Petroleum Company, Alaa Al-Battal, on Tuesday announced that the company invested $212 million in fiscal year 2016/2017. Al-Battal said, during the company’s annual general meeting (AGM) to approve the …
This deal would record KWD 39,860 in profits in Q3-17
22 August 01:30 PM GIH exits Navi Mumbai for GFH shares
Mubasher: Gulf Investment House (GIH) on Tuesday announced that it appropriated 1.16 million shares in GFH Financial Group in exchange for its property in the Navi Mumbai Power City project. This deal would record KWD 39,860 in profits in the …
Warba Bank announced acquiring an apartment building in Dallas in the US State of Texas
22 August 10:35 AM Warba Bank acquires apartment building in Dallas
Kuwait – Mubasher: Warba Bank on Tuesday announced acquiring an apartment building in Dallas in Texas, US. The apartment building is a multifamily residential plot that consists of 417 housing units, the bank said in a statement to Boursa Kuwait. …
Alhokair, Egypt’s DFC ink MoU worth SAR 631.85m
22 August 09:52 AM Alhokair, Egypt’s DFC ink MoU worth SAR 632m
Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development on Monday signed a memorandum of understanding (MoU) with the Egyptian firm Damietta Furniture City (DFC) at a value of SAR 631.85 million (EGP 3 billion). The MoU aims to …
Customers will not pay any interest or extra charges and will pay through the bank's credit cards
21 August 09:23 PM DEWA’s customers to pay bills in instalments via Mashreq Bank
Dubai - Mubasher: Dubai Electricity and Water Authority (DEWA) has signed a partnership agreement with Mashreq Bank that allows its customers to pay their bills in instalments of three or six months, according to a press release. The customers …
Construction began two years ago, and was finished one week ahead of schedule
21 August 09:10 PM Orascom’s subsidiary completed $245m project in Texas
Cairo - Mubasher: The Weitz Company, a subsidiary of Orascom Construction, announced that it has finished building the largest student housing development in the United States one week ahead of schedule. The $245 million Park West construction …
Heavy Engineering Industries and Shipbuilding (HEISCO) on Monday signed a KWD 38.76 million contract for the Kuwait National Petroleum Company (KNPC)
21 August 05:33 PM HEISCO inks KWD 39m deal for KNPC
Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding Company (HEISCO) on Monday signed a KWD 38.76 million contract for the Kuwait National Petroleum Company (KNPC). The 63-month project is allocated for maintenance works at the Mina …
The company plans to invest AED 2 billion in the next three years
21 August 05:17 PM Invest Group Overseas launches AED 500m Jumeirah Lake tower
Dubai - Mubasher: Invest Group Overseas (IGO) on Monday has revealed plans to invest AED 2 billion in a number of projects until 2020, without announcing further details. The company also launched its newest development, the IGO 101 tower in …
The net profits of the deal amount to around KWD 230,500
21 August 04:47 PM Amar to sell property in Salmiya at KWD 7.7m
Mubasher: Amar Finance and Leasing Company announced that it is considering selling a property in Salmiya at KWD 7.7 million. The profits of the deal will be recorded in the financial statements of the fourth quarter of 2017 after the property …
Seven wells were drilled in Zohr field
21 August 02:46 PM Zohr field sees EGP 4bn investments until August - Petrobel
Cairo – Mubasher: The chairman of Belayim Petroleum Company (Petrobel), Atef Hassan, on Monday said that work in Zohr field progressed by 83.5%, with investments worth EGP 4 billion until August. Hassan added, during the firm’s annual general …
Total real estate investments reached AED 91 billion in 2016
21 August 02:38 PM Azizi Developments begins sales of Azizi Riviera
Dubai – Mubasher: Azizi Developments started international sales of its recently launched Azizi Riviera project with the opening of its sales office in India, according to a statement. Located in the Mohammed Bin Rashid Al Maktoum City Meydan One …
The profits of this deal are KWD 500,000
21 August 02:18 PM NIC exits Navi Mumbai for GFH stocks
Mubasher: National Investment Company (NIC) on Monday announced that it would appropriate 12.85 million shares in GFH Financial Group in exchange for its share in Navi Mumbai Power City project. The profits of this deal are KWD 500,000 and will be …
Al Rabiah development consists of 62 three-, four-, and five-bedroom family villas
21 August 02:15 PM Farnek awarded contract for new project
Abu Dhabi – Mubasher: Farnek was awarded a one-year facilities management contract for Al Rabiah development in Khalifa City A, according to a bourse statement. Managed by First Gulf Properties, the development consists of 62 three-, four-, and …
Petrobel invested $693 million in fiscal year 2016/2017
21 August 02:03 PM Petrobel invests $693m in FY16/17 - Chairman
Cairo – Mubasher: The chairman of Belayim Petroleum Company (Petrobel), Atef Hassan, on Monday said that the company invested $693 million in fiscal year 2016/2017. Hassan noted, during the company’s annual general meeting (AGM) to approve the …
Aykon London One is part of a GBP 1 billion regeneration scheme
21 August 01:52 PM Damac unit awards GBP 240m contract to Multiplex
Dubai – Mubasher: Damac Properties said its unit Nine Elms Property awarded a GBP 240 million contract to Multiplex for a new project in Dubai, according to a statement. Under the contract, Multiplex will build Aykon London One within Zone 1 at …
The four companies are France's Alstom, Canada's Bombardier, Japan’s Mitsubishi, and Germany's Siemens
21 August 01:13 PM Dubai Aviation Engineering receives tenders for APM system
Abu Dhabi – Mubasher: Dubai Aviation Engineering Projects received offers to implement the Automated People Mover (APM) system at Al Maktoum International Airport, Al Bayan newspaper reported. The four companies are France's Alstom, …
Phase 1 of the project, Park Gate Residences, comprises 746 units
21 August 12:30 PM Work at first phase of wasl1 in progress
Dubai – Mubasher: wasl Asset Management Group's work at the wasl1 development in Dubai is moving forward, according to a press release. Enabling works are underway for wasl1 following the appointment of Kele Contracting for Phase 1 of the project. …
The Ministry of Petroleum aims to turn Egypt into a regional centre for trading oil and gas
21 August 11:54 AM Shell to turn Egypt into regional hub for natural gas
Cairo – Mubasher: Royal Dutch Shell company is in talks to buy natural gas from Israel’s Leviathan field and Cyprus’ Aphrodite field, in order to pump both fields’ output into the Idku LNG plant in Egypt, according to Bloomberg, which …
The mall and hotel will be vacated and sold to a real estate fund which will be managed by NCB Capital, according to a statement on Monday to the Saudi Stock Exchange (Tadawul)
21 August 11:04 AM Alandalus OKs selling 56% of assets
Riyadh – Mubasher: Alandalus Property Company’s ordinary general meeting (OGM) on Sunday approved selling Alandalus Mall and Staybridge Suites Jeddah Alandalus Mall Hotel at a value of SAR 1.35 billion. The mall and hotel will be vacated and sold …
West Bay residential tower will feature 252 residential apartments
21 August 09:22 AM DSI unit wins AED 175m contract
Dubai – Mubasher: Drake and Scull International (DSI) said its unit Gulf Technical Construction Company (GTCC) was awarded an AED 175 million contract by Orion Real Estate Development to build the latter’s latest project, the West Bay residential …
Cityscape Global 2017 will be held from 11 to 12 September.
21 August 09:05 AM Nakheel to unveil new projects in Cityscape Global 2017
Dubai – Mubasher: Nakheel Properties will announce five new projects during its participation in Cityscape Global 2017 in Dubai, Al Khaleej newspaper reported. The projects will be carried out in the residential, hospitality, and retail sectors, …