Companies Investments

(Photo Credit: Previous Statement)
27 April 05:21 PM Jabal Omar, Albilad securities ink MoU on Thursday
Riyadh – Mubasher: Jabal Omar Development signed a memorandum of understanding (MoU) with AlBilad Securities and Investment Co. to sell 93 housing units in the second phase of Jabal Omar project. The deal will last for four months starting from …
(Photo archive)
27 April 03:47 PM Aramco awards contracts worth SAR 78m to Arabian Pipes
Riyadh - Mubasher: Arabian Pipes Company won several contracts to supply Saudi Aramco with electric resistance welding (ERW) pipes at a value of SAR 78 million. The supply of the pipes will start in the fourth quarter of 2017 and Q1-18 from Riyadh …
Mubadala Petroleum's headquarter (Photo Credit: Company Website)
27 April 02:50 PM Mubadala Petroleum invests $450m in oil and gas field
Abu Dhabi – Mubasher: Mubadala Petroleum is expected to invest approximately $450 million in the development plan for the Cá Rồng Đỏ (CRD, or Red Emperor) oil and gas field in Block 07/03 offshore Vietnam, according to a statement. The company has …
Photo Credit: Arabianeye-Reuters
27 April 02:15 PM Dana Gas to pay dividends from Egypt, Kurdistan compensation
Mubasher: Dana Gas will distribute cash dividends when it achieves sustainable profits or obtains large sums of money as part of the arbitration compensation by the Iraqi Kurdistan region or from its dues in Egypt, according to a bourse statement …
One of Dana's projects (Photo Credit: Company Website)
27 April 02:02 PM Dana Gas seeks to reach deal with sukukholders
Abu Dhabi – Mubasher: Dana Gas will work to reach a “standstill” agreement with the holders of its outstanding sukuk before their maturity date, according to a bourse statement. The company has some $700 million in outstanding sukuk that will …
Photo Credit: Arabianeye-Reuters
27 April 01:48 PM Swicorp advises Saudi firm on Agthia takeover deal
Mubasher: Swicorp has acted as the exclusive financial advisor for the Jeddah-based Delta Marketing Company in the divestment of its bottled water business to Agthia Group, a leading Abu Dhabi-based food and beverage company. Swicorp, a leading …
(Photo Credit: Arabianeye-Reuters)
27 April 01:01 PM Partnership in Aramco IPO to be ‘good investment’ – Total CEO
Riyadh – Mubasher: French oil and gas company Total’s CEO assured that any participation in Aramco’s initial public offering (IPO) would be a good investment. "We may consider it," Patrick Pouyanne added, who also stated that any final decision …
(Photo Credit: Company website)
27 April 12:46 PM DP World to expand in Latin America, Russia
Dubai – Mubasher: DP World will expand its operations in the Latin American and Russian markets in 2017, according to Al Khaleej newspaper, citing the group’s CEO. It is expected that the terminal operator will increase the capacity of its …
(Photo Credit: Arabianeye-Reuters)
27 April 11:10 AM SAMA suspension to affect sales negatively – Wafa
Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expected that the latest decision of the Saudi Arabian Monetary Authority (SAMA) would reduce its sales on the short-term. Moreover, the company added that the …
Emaar's founder and chairman Mohamed Alabbar (Photo Credit: Press Release)
27 April 10:15 AM Emaar enters digital transformation era - Chairman
Dubai – Mubasher: Emaar Properties has entered the era of digital transformation, the founder and chairman Mohamed Alabbar said. The company is leveraging the potential of digital technology to improve its efficiency, productivity, and customer …
(Photo archive)
27 April 09:57 AM Sadara's unit starts commercial operation of 4th plastic plant
Riyadh – Mubasher: Sadara Basic Services Company announced the start of commercial operations of its fourth and final polyethylene unit in Jubail Industrial City II. The fully-owned subsidiary by Sadara Chemical Company (Sadara) added that the …
Photo Credit: Arabianeye-Reuters
26 April 07:01 PM Union Properties plans Emicool IPO in 2017
By: Amr Adel Dubai - Mubasher: The Chairman of Union Properties (UP), Khalid Bin Kalban, said Wednesday that he is hoping to list Emirates District Cooling Company (Emicool) in the Dubai Dinancial Market (DFM) before the end of 2017. Bin Kalban …
(Photo Credit: Company Website)
26 April 03:22 PM Emirates NBD Asset Management plans to expand in KSA
By: Amr Adel  Dubai – Mubasher: Emirates NBD Asset Management, the asset management arm of Emirates NBD, seeks to expand in Saudi Arabia by opening two new branches, according to executive vice president and head of produces and advisory at …
Photo Credit: Arabianeye-Reuters
26 April 03:16 PM National Investments to post profit from deal in Q2
Mubasher: National Investments Co said that about KWD 794,840 will be registered in the second quarter’s financial statements as a profit from purchasing a stake in an unlisted company. National Investments said that this investment will be …
Agthia's shareholders meeting (Photo Credit: Mubasher)
26 April 01:03 PM Agthia nods to 15% annual dividends
By: Amr Adel Abu Dhabi – Mubasher: Agthia Group said its shareholders approved on Wednesday, 26 April, 15% dividends or 15 fils per share for fiscal year 2016, according to a bourse statement. Total dividend payout amounts to AED 90 million for …
(Photo credit: Arabianeye - Reuters)
26 April 11:33 AM Dice approves to buy assets worth EGP 49m
Cairo – Mubasher: Dice Sport and Casual Wear’s board of directors has agreed to purchase a number of assets worth up to EGP 48.9 million. The assets include a 5,500-square metrer land plot worth EGP 17.5 million and machines, according to a bourse …
(Photo credit: Arabianeye - Reuters)
26 April 11:27 AM Delta Sugar invests EGP 400m in product lines qualification
Cairo – Mubasher: Delta Sugar said Monday that it has invested EGP 400 million in the qualification of the company’s two product lines. The company noted that the qualification of the two product lines had been executed in stages three years ago, …
(Photo Credit: Company Website)
26 April 10:15 AM ENOC opens 1st solar-powered gas station in Dubai
Dubai – Mubasher: ENOC Group opened the first solar-powered service station in the UAE, according to a statement. The station has installed photovoltaic (PV) solar panels on the roof of the canopy that can produce a peak capacity of 120 kilowatt …
(Photo Credit: Company Website)
26 April 10:00 AM DI completes projects worth $85m in Africa
Dubai – Mubasher: Dubai Investments (DI) completed projects worth over $85 million through its subsidiaries across Africa, according to a statement. Emirates Building Systems (EBS) topped DI’s subsidiaries with investments worth $15.12 million in …
One of Dana Gas' projects in Iraq (Photo Credit: Company Website)
26 April 08:54 AM Dana Gas sells first condensate cargo in Egypt
Abu Dhabi – Mubasher: Dana Gas has completed the sale of the first international sale of condensate in Egypt for $7.2 million, according to a statement. Loaded on 15 April 2017, the cargo consists of approximately 150,000 barrels of Wastani …
(Photo Credit: Company website)
26 April 08:45 AM Nadec sells stake in Tasil for SAR 25m
Riyadh – Mubasher: National Agricultural Development Co’s (Nadec) board approved the offer of one of its partners to buy its stake in Arab Poultry Breeding and Production Co (Tasil). Nadec’s stake amounts to 17.2%, equivalent to SAR 25 million …
Photo Credit: Arabianeye-Reuters
25 April 05:25 PM Reducing Emirates flights to US is temporary - CEO
By: Amr Adel Dubai - Mubasher: The CEO and chairman of Fly Emirates, Sheikh Ahmed bin Saeed Al Maktoum, said that decreasing the number of flights to the United States is temporary and based on supply and demand. He also added in a press …
Swiss-Belresort Marseilia Beach 4 - (Photo Credit: Press Release)
25 April 04:18 PM Swiss-Belhotel launches new project in Egypt’s Marseilia Beach
Cairo - Mubasher: Swiss-Belhotel International (SBI) has announced its further expansion in Egypt with the signing of Swiss-Belresort Marseilia Beach 4 on the country’s North Coast. The agreement was formalised on Tuesday at the Arabian Travel …
Photo Credit: Arabianeye-Reuters
25 April 03:59 PM Etisalat Egypt profits down to half on EGP depreciation
Abu Dhabi - Mubasher: Etisalat Egypt has accounted for 4% of the revenues of Emirates Telecommunication Group Company (Etisalat Group) during the first quarter of 2017 that totalled AED 12.5 billion, recording a 53% decline. According to the …
du's chief executive Osman Sultan (Photo Credit: Mubasher)
25 April 03:41 PM Du awaits final approval to operate Virgin Mobile service
By: Amr Adel Dubai – Mubasher: du seeks to get the final official approvals to start launching services under the Virgin Mobile brand in the UAE, chief executive Osman Sultan said. du will start operating Virgin Mobile-branded services in the near …