Stocks News

Saudi Prince Alwaleed bin Talal is rumoured to be selling his hotels in Beirut
14 November 08:12 PM Bin Talal’s Beirut hotels go up for sale
Riyadh – Mubasher: Saudi Prince Alwaleed bin Talal is rumoured to have put its luxury hotels in Beirut up for sale. “A Lebanese commercial bank has been commissioned to find buyers for the posh Four Seasons Hotel Beirut and Movenpick Hotel …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …
The project will be the first major scheme involving the two state giants
25 October 09:47 PM Aramco, SABIC receive bids for $20bn petrochemicals project
Riyadh - Mubasher: Saudi Aramco and Saudi Basic Industries Corp (SABIC) have reportedly received project management consultancy bids for a planned joint venture oil-to-chemicals project, industry sources told Reuters on Wednesday. The two Saudi …
Aramco is the biggest oil company in the world
24 October 11:46 PM Aramco to decide on COTC with SABIC by year-end
Riyadh - Mubasher: Saudi Aramco expects to decide on the plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC) by the end of 2017, as reported by the Reuters. “We finished the feasibility. We are at a stage where we …
All of the company’s employees are on site and carrying out their duties normally
19 October 12:08 PM Dana Gas affirms usual operations in Kurdistan
Abu Dhabi – Mubasher: Dana Gas, listed on Abu Dhabi Securities Exchange (ADX), on Thursday affirmed that its operations and production in the Kurdistan Region of Iraq (KRI) are proceeding as usual. “The Company continues to supply gas to the power …
The company aims by establishing these new subsidiaries to enter the Jordanian, Iraqi, and Asian markets
19 October 11:44 AM SIEC launches subsidiaries in UAE, Jordan
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC) on Wednesday announced the launching of two 100%-owned subsidiaries in the UAE and Jordan. The company aims by establishing these new subsidiaries to enter the Jordanian, Iraqi, and Asian …
This acquisition step is expected to expand Investcorp’s geographic footprint
18 October 05:06 PM Investcorp acquires UK Kee Safety in $370m deal
Mubasher: Investcorp announced its agreement on acquiring Dunedin’s stake in the UK-based Kee Safety for a total value of GBP 280 million ($370 million), according to a recent statement. Investcorp is a leading provider and manager of alternative …