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3 September 2025 03:44 PM EFG Hermes advises on EGP 1.5bn securitized bond for Bedaya Mortgage Finance
Cairo - Mubasher: EFG Hermes, an EFG Holding company, has advised on Bedaya Mortgage Finance’s EGP 1.56 billion securitized bond issuance, the firm’s seventh issuance and fifth under the Capital securitization program. The bond is backed by a …
Banking and Finance
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3 September 2025 10:00 AM Dubai Investments scales global footprint via partnership with Angola’s FSDEA
Dubai - Mubasher: Dubai Investments has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The agreement aims to boost modern urbanization and …
Companies Investments
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2 September 2025 02:56 PM Flynas bolsters global aviation operations via SAR 504m Murabaha deal with SAB
Riyadh - Mubasher: Flynas company has secured a Murabaha facility agreement worth SAR 504 million ($134.40 million) from Saudi Awwal Bank (SAB). The agreement aims to finance the delivery of new Airbus A320neo aircraft, according to a bourse …
Banking and Finance
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2 September 2025 01:17 PM Umm Al Qura launches pre-booking model for SAR 329m land sale at Masar
Riyadh - Mubasher: Umm Al Qura for Development and Construction Company introduced a new real estate investment model that allows land sales at the destination through a pre-booking mechanism, according to a press release. By factoring in both …
Global Economy
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2 September 2025 11:40 AM RAK Properties enables crypto payment to attract global buyers
Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …
Global Economy
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1 September 2025 04:56 PM Taaleem Management sees EGP 1.5bn block-trading deal
Cairo - Mubasher: Taaleem Management Services recorded a block-trading transaction worth EGP 1.55 billion on Monday, 1 September 2025. The transaction involves 152.04 million shares, according to an announcement on the Egyptian Exchange (EGX).
Trading Activities
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1 September 2025 00:25 PM GB Corp to invest $6m for new Hyundai model in Egypt
Cairo - Mubasher: GB Corp plans to invest $6 million to assemble a new Hyundai model in Egypt, according to a bourse disclosure. The investment aims to strengthen the company’s presence in the Egyptian market. Meanwhile, the new model is expected …
Companies Investments
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1 September 2025 08:44 AM stc launches sccc by stc to bolster global cloud computing services
Riyadh – Mubasher: Saudi Telecom Company (stc) has launched "sccc by stc," the new identity of the Saudi Cloud Computing Company (sccc), which specializes in advanced cloud computing services and data processing using AI. This move aligns with …
Companies Investments
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31 August 2025 07:18 PM Cleopatra Hospitals registers 42% surge in H1-25 consolidated net profits
Cairo - Mubasher: The consolidated net profits after tax of Cleopatra Hospitals Group hit EGP 521.54 million in the first half (H1) of 2025, marking a 42.22% hike from EGP 366.76 million in H1-24. The EGX-listed group posted EGP 3.38 billion in …
Financial Results
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31 August 2025 03:45 PM Raya Holding to raise stake in Raya CX to 90%
Cairo- Mubasher: Raya Holding for Financial Investments submitted a draft mandatory tender offer (MTO) to increase its equity ownership in Raya Customer Experience (RAYA CX) to 90% from 60.80%. The Financial Regulatory Authority (FRA) is reviewing …
Mergers and Acquisitions
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31 August 2025 10:00 AM Dubai Investments’ unit to manufacture solar glazing solutions in UAE, GCC
Dubai - Mubasher: Emirates Glass, a leading glass processing company in the region and a subsidiary of Dubai Investments, has signed a deal with Australia-based ClearVue Technologies Limited. The five-year manufacturing and distribution agreement …
Global Economy
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28 August 2025 07:59 PM Electro Cable’s consolidated net profits fall to EGP 486.5m in H1-25
Cairo - Egypt: Electro Cable Egypt logged lower consolidated net profits at EGP 486.42 million in the first half (H1) of 2025, compared with EGP 1 billion in H1-25. Earnings per share (EPS) halved to EGP 0.15 in H1-25 from EGP 0.30 in H1-24, …
Financial Results
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28 August 2025 05:47 PM PRE Group logs lower consolidated profits in H1-25; contractual sales near EGP 13.7bn
Riyadh - Mubasher: Pioneers Properties for Urban Development (PRE Group) registered an annual fall in consolidated net profits to EGP 504.22 million during the first half (H1) of 2025, versus EGP 1.33 billion. Earnings per share (EPS) reached EGP …
Real estate
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28 August 2025 03:57 PM FAB offers 1st Blue Bond issuance in Gulf region at $50m
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has issued a HKD 390 million ($50 million) Blue Bond, marking the first-ever Blue Bond issued by a financial institution in the Gulf countries. The five-year issuance anchors FAB’s position in …
Global Economy
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28 August 2025 02:23 PM Gadwa posts 47% plunge in H1-25 consolidated net profits
Riyadh - Mubasher: The consolidated net profits of Gadwa for Industrial Development hit EGP 641 million in the first half (H1) of 2025, marking a 46.91% year-on-year (YoY) drop from EGP 1.20 billion. Total revenues dropped to EGP 9.09 billion as …
Financial Results
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28 August 2025 01:47 PM ADNOC expands global business via 15-year LNG supply deal with IndianOil
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Limited (IndianOil) for 1 million tons per annum (mtpa) of liquefied natural gas (LNG) from its Ruwais …
Global Economy
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27 August 2025 08:00 PM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations
Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million …
Global Economy
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27 August 2025 07:22 PM Kima’s net profits near EGP 1bn in FY24/25
Cairo – Mubasher: Egyptian Chemical Industries (Kima) generated net profits after tax valued at EGP 999.97 million in fiscal year (FY) 2024/2025, down year-on-year (YoY) from EGP 2.53 billion. Basic earnings per share (EPS) plunged to EGP 0.50 at …
Financial Results
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27 August 2025 06:53 AM Flynas resumes flights to Kuwait
Riyadh – Mubasher: Flynas Company has resumed direct flights between Jeddah and Kuwait as of 1 November to further expand its network in line with its growth and expansion plan. This aligns with national objectives in the aviation and tourism …
Global Economy
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27 August 2025 06:43 AM ElSaeed Contracting sees higher profits in H1-25; consolidated revenues hit EGP 861m
Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company posted consolidated net profits after tax valued at EGP 99.49 million in the first half (H1) of 2025, an annual growth from EGP 75.90 million. Operating revenues declined to …
Financial Results
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26 August 2025 03:18 PM EFIC reports lower consolidated net profits at EGP 644m in H1-25
Cairo - Mubasher: Egyptian Financial and Industrial (EFIC) registered an annual drop of  18.33% in consolidated net profits after tax to EGP 644.22 million during the first half (H1) of 2025, versus EGP 788.88 million. Sales hit EGP 5.34 billion …
Financial Results
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26 August 2025 00:45 PM Emirates NBD upsizes Dar Global’s syndicated facilities by $165m
Dubai - Mubasher: Emirates NBD has upsized syndicated conventional and Islamic term facilities for Dar Global, the wholly-owned subsidiary of Dar Al Arkan Real Estate Development Company, by $165 million, bringing the total amount to $440 million. …
Banking and Finance
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25 August 2025 03:43 PM Diriyah pens MoU with SRMG to boost media collaboration, fosters global presence
Riyadh - Mubasher: Diriyah Company, owned by the Public Investment Fund (PIF), has signed a strategic memorandum of understanding (MoU) with the Saudi Research and Media Group (SRMG). The agreement aims to expand media collaboration and support …
Global Economy
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25 August 2025 08:43 AM TAQA takes over GS Inima to accelerate global water growth strategy
Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has signed an agreement to fully acquire GS Inima, a global leader in water treatment and water desalination, from GS Engineering and Construction. Under the transaction, valued at …
Global Economy
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24 August 2025 06:28 PM Egypt Aluminum’s net profits cross EGP 10.1bn in FY24/25
Cairo - Mubasher: Egypt Aluminum registered EGP 10.18 billion in net profits after tax for the fiscal year (FY) 2024/2025, reflecting a 9% year-on-year (YoY) rise from EGP 9.32 billion. Earnings per share (EPS) stood at EGP 24.69 in FY24/25, …
Financial Results