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GFH purchased 12.35 million of its treasury shares
27 October 10:58 AM GFH purchases 12m treasury shares on Bahrain Bourse, DFM
Mubasher: GFH Financial Group has purchased 12.35 million of its treasury shares on Bahrain Bourse and Dubai Financial Market (DFM). This acquisition has raised the total holding of treasury shares from 155.156 million shares to 167.506 million …
The company has acquired 9.385 million shares on 24 October
26 October 10:06 AM GFH acquires 19.6m of treasury shares
Mubasher: GFH Financial Group has purchased around 19.6 million shares of its treasury shares on Bahrain Bourse, Dubai Financial Market (DFM), and Boursa Kuwait. The company has acquired 9.385 million shares on 24 October 2021 and 10.2 million …
A co-investment was made in a global healthcare education provider
25 October 10:14 AM GFH partners with Schroders Capital to invest in private equity deals
Mubasher: GFH Financial Group has inked a strategic partnership with Schroders Capital, the private markets investment division of the UK's Schroders, to invest in a number of private equity and venture capital deals. The partnership will enable …
SICO has liquidated the market-making portfolio
24 October 10:38 AM GFH receives CBB's approval for treasury share repurchase
Mubasher: GFH Financial Group has obtained the approval of the Central Bank of Bahrain (CBB) to repurchase treasury shares, which is set to commence from 24 October 2021. This approval came after the ordinary general meeting (OGM) had agreed …
NAS will manage Siginon's businesses
24 October 09:36 AM Agility's unit acquires stake in Kenya-based Siginon Aviation
Mubasher: National Aviation Services (NAS), a subsidiary of Agility Public Warehousing, has acquired a 51% stake in Kenya-based Siginon Aviation in exchange for around $40 million (KWD 12 million). Siginon Aviation is the largest aviation cargo …
GFH will purchase the shares of KHCB through a shares exchange
17 October 11:31 AM GFH announces precondition satisfaction to acquire KHCB
Dubai – Mubasher: GFH Financial Group has announced the satisfaction of preconditions and firm intention to make an offer to acquire up to 100% of the issued and paid-up ordinary shares of  Khaleeji Commercial Bank (KHCB). GFH will purchase the …
The updated ratings reflect the group’s sound liquidity
7 October 08:43 AM CI upgrades GFH's corporate ratings; outlook stable
Dubai – Mubasher: Capital Intelligence Ratings has upgraded the long-term and short-term corporate ratings of GFH Financial Group at 'BB-' and 'B', respectively, with a stable outlook. The updated ratings reflect the group’s sound liquidity, …
National Industries Group gave Noor a KWD 16 million loan
30 September 01:26 PM Noor repays last debt installment to National Industries
Mubasher: Noor Financial Investment has paid off the last installment worth KWD 1.5 million ($5 million) in a loan granted by its parent company National Industries Group Holding. In 2018, National Industries Group gave Noor Financial Investment a …
Al Samahiji was the co-founder of Orpheus Partner
29 September 09:38 AM GFH appoints new CEO for UK operations
Dubai – Mubasher: GFH Financial Group has appointed Tariq Al Samahiji as the CEO of the company's operations in the UK effective immediately. With experience in the global banking sector across asset management, capital markets, Islamic finance, …
The segment brings the total length of the 2Africa cable system to over 45,000 km
28 September 03:47 PM 2Africa consortium extends subsea cable system to Arabian Gulf, India, Pakistan
Mubasher: The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company (stc), Telecom Egypt, Vodafone, and WIOCC, announced that a new segment has been added to the 2Africa subsea …
Rania El-Mashat in a meeting with Marwan Al Ghanim
27 September 05:49 PM Egypt's ongoing cooperation portfolio with KFAED amounts to $1.5bn
Cairo – Mubasher: Egypt's Minister of International Cooperation, Rania El-Mashat, met with the Director General of the Kuwait Fund for Arab Economic Development (KFAED), Marwan Al Ghanim, to explore the possible means of enhancing mutual …
27 September 04:40 PM Pfizer begins study for novel COVID-19 oral antiviral drug
Pfizer has started a mid-to-late-stage study to evaluate the investigational novel oral antiviral drug for COVID-19.
The board has also agreed on setting off the entire accumulated losses
26 September 11:23 AM Al Mazaya's First Dubai Real Estate sells stake in Saudi subsidiary
Mubasher: The board of First Dubai Real Estate Development Company, a subsidiary of Al Mazaya Holding, has approved to sell all shares of a subsidiary company in Saudi Arabia in exchange for KWD 15.5 million. The board has also agreed on setting …
Nihal El-Chami, Head of Programme and Marketing at Falak Startups
14 September 12:49 PM Startup Lounge: More VC investors now interested in Africa, Middle East – Nihal El-Chami
By: Marina Gamil Cairo – Mubasher: With the growing number of startups across different sectors, especially financial technology (FinTech), the dynamics of the venture capital (VC) landscape in Egypt have been changing with local and international …
IFA's investment will be a 10.5% share of equity
22 September 01:02 PM Kuwait's IFA to invest AED 38m in Yotel's branch in Dubai Palm Jumeirah
Mubasher: The board of International Financial Advisors (IFA) has approved to invest AED 37.695 million (KWD 3.089 million) in a branch of the UK-based Yotel hotel brand in Dubai’s Palm Jumeirah. Approved by the Risk Management Committee, …
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20 September 03:25 PM GCC asset managers expect more inflows amid growing ESG, Islamic investments – Moody’s
Mubasher: The asset management segment across the Gulf region is expected to witness increased inflows over the coming 12 months in line with the growing demand for Islamic and environmental, social, and governance (ESG)-compliant investments, …
BHM Capital will enhance the liquidity of securities issued by NIH
20 September 10:04 AM National International Holding appoints BHM Capital as liquidity provider
Dubai – Mubasher: Kuwait-based National International Holding Company (NIH) has appointed BHM Capital as a liquidity provider for its shares traded on the Dubai Financial Market (DFM). As a liquidity provider, BHM Capital will enhance the …
Photo Archive
16 September 03:15 PM ITFC pens 10 trade agreements worth over $1bn
Riyadh – Mubasher: The International Islamic Trade Finance Corporation (ITFC) has signed 10 trade financing agreements at a value exceeding $1.2 billion. This was in addition to trade development agreements with ITFC member countries from Asia and …
The number of shares traded in EGP represents 68.4% of total shares
16 September 11:56 AM Egypt Kuwait Holding starts trading on EGP-denominated shares on Sunday
Cairo – Mubasher: Egypt Kuwait Holding (EKH) announced that trading on the company’s shares in the Egyptian pound for shareholders who converted the trading currency will come into effect on Sunday, 19 September. The number of shares traded in EGP …
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13 September 04:54 PM NBK issues $1bn Senior Unsecured notes; first of kind across CEEMEA
Mubasher: The National Bank of Kuwait (NBK) has issued bonds worth $1 billion, marking the first callable structure for senior unsecured notes, fixed to floating, across the Central and Eastern Europe Middle East and Africa (CEEMEA) region. Final …
The facility will enable Aramex to expand its e-commerce fulfillment business
12 September 03:02 PM Aramex selects Agility Logistics Park for largest logistics warehouse in Kuwait
Dubai – Mubasher: Aramex has selected the Agility Logistics Park (ALP) in Sulaibiya as the location for its new 16,000 square metre e-fulfilment centre, the largest logistics warehouse in Kuwait. Aramex’s new warehouse facility is located in …
ITFC approved for its member countries more than $58 billion since 2008
8 September 05:45 PM ITFC supports members with $605m under COVID-19 Response Program
Mubasher: The International Islamic Trade Finance Corporation (ITFC) has provided the member countries with $605 million as financial support under its COVID-19 Response Program, CEO of ITFC, Hani Sonbol, announced. The corporation aimed to help …
The acquired multifamily residential sites are located close to Las Vegas suburban areas
8 September 12:49 PM GFH acquires $200m multifamily residential sites in US
Mubasher: GFH Financial Group has inked a real estate deal with the US-based real estate specialist Carroll to acquire two multifamily residential sites in Las Vegas in exchange for $200 million. The company's investment in residential assets is …
The transaction included AXA Gulf and AXA Cooperative Insurance
7 September 11:52 AM Gulf Insurance completes acquisition of AXA in Gulf
Mubasher: Gulf Insurance Group (GIG) has completed the acquisition of AXA’s operations in the Gulf region in exchange for $474.75 million after obtaining the necessary regulatory approvals. The transaction included AXA Gulf and AXA Cooperative …
The Kuwaiti airline will operate two daily flights between Kuwait and Cairo
5 September 04:23 PM Kuwait Airways resumes commercial flights to Cairo after one-year halt
Mubasher: Kuwait Airways has launched its first commercial flight to Egypt's Cairo on Sunday after about a one-year suspension.  The Kuwaiti airline will operate two daily flights between Kuwait and Cairo starting from 5 September, according to a …