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Fidu Properties saw a 172% jump in real estate deals in UAE
4 hours ago China’s Fidu sees 289% YoY jump in Emaar’s projects sales
Dubai – Mubasher: Fidu Properties, one of the leading UAE-based Chinese developers, recorded a 289% year-to-year (YoY) surge in the sales of projects by Emaar Properties in the UAE during 2019. Fidu Properties saw a 172% jump in real estate deals …
Toyota Land Cruiser features new design and intelligent technologies
4 hours ago Al Futtaim Toyota’s sales witness strong performance in 2019
Dubai – Mubasher: Al Futtaim Toyota in the UAE has posted strong sales during 2019 because of its new innovative models joining its portfolio, according to a press release on Sunday. Its Toyota Land Cruiser, featuring new design and intelligent …
Al Sorayai Trading and Industrial Group topped the gainers
4 hours ago TASI ends Sunday in red; turnover falls to SAR 3.47bn
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark Tadawul All Share Index (TASI) fell for the fourth session in a row at the end of Sunday’s trading session, shedding 59.38 points or 0.17% to 8,326.97 points.   The market’s trading …
Merchandise exports decreased to around SAR 79.83 billion
4 hours ago Saudi Arabia’s trade surplus down 23.5% in November
Riyadh – Mubasher: Saudi Arabia’s trade surplus declined by 23.54% to around SAR 42 billion ($11.2 billion) in November 2019, compared to SAR 54.95 billion in the same period in 2018. The kingdom’s merchandise exports and imports reached around …
Saudi Arabia is the UAE’s most prominent partner in the GCC
5 hours ago Saudi citizens, banks invest AED 10.93bn in UAE in 2018
UAE – Mubasher: The value of investments by Saudi citizens and banks in the UAE reached AED 10.93 billion in 2018, including AED 6.35 billion in joint stock companies and AED 4.58 billion in Saudi investors’ transactions in the UAE. This …
Dubai welcomed the highest number of investors in Q4-19
5 hours ago Dubai’s new investors increase 86% in 2019
UAE - Mubasher: The number of new investors in Dubai surged by 86% to more than 60,700 in different economic sectors during 2019 when compared to 32,600 in 2018, according to official data by Dubai's Department of Economic Development (DED). …
The nomination is effective from 26 January until 25 January 2023
05:01 PM Tabuk Cement unveils new board; Al Juhni named chairman
Riyadh – Mubasher: Tabuk Cement Company on Sunday announced the appointment of Saoud bin Solaiman Al Juhni as the new chairman. Moreover, the company appointed new board members, including Abdulaziz bin Abdelrahman Al khamis as the deputy …
Riyad Bank’s total revenue increased by 24.47% in FY19
04:57 PM Riyad Bank posts 81.2% increase in FY19 net profits
Riyadh – Mubasher: Riyad Bank’s net profits jumped by 81.2% to SAR 5.60 billion in 2019 from SAR 3.09 billion in 2018, according to the bank’s annual financial results for the period ended on 31 December 2019. The surge in the bank’s net profits …
Union Properties is in the final stages of signing Autodrome deal
04:36 PM Union Properties to ink AED 200m deal to expand Autodrome
Dubai – Mubasher: Union Properties is in the final stages of signing a memorandum of understanding (MoU) with China National Chemical Engineering Group Corporation (CNCEC) to expand Dubai Autodrome at a value of around AED 200 million. The …
Loss per share amounted to SAR 3.03 in 2019
04:33 PM Herfy Food sees lower annual profits at SAR 196m in 2019
Riyadh – Mubasher: Herfy Food Services Company on Sunday reported a net profit, after zakat and tax, worth SAR 196.08 million during the fiscal year ended 31 December 2019, down by 3.96% year-on-year (YoY) from SAR 204.16 million, the company’s …
The total value of dividends amounted to SAR 246 million
04:24 PM Bank Aljazira’s board proposes SAR 0.30/shr dividends for H2-19
Riyadh – Mubasher: The board of directors of Bank Aljazira recommended a cash dividend distribution of SAR 0.30 per share for the earnings of the second half of 2019. The total value of dividends amounted to SAR 246 million, excluding applicable …
A total of 18.65 million shares were exchanged
03:20 PM ADX down on Sunday; market cap exceeds AED 542bn
Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) went down by 0.28% or 14.67 points to 5,230.01 points by the end of Sunday’s trading session, compared to its upward performance on Thursday, 23 January. A total of 18.65 …
Marakez’s stake in Antaradus amounts to 10%
03:12 PM Marakez receives $21m offer to exit stake in Syria’s Antaradus
Mubasher: Real Estate Trade Centers (Marakez) has received an offer to sell its stake in Syria’s Antaradus for Touristic Development Company at a value of $21 million.  Marakez’s stake in the Syrian firm represents 10%, according to a bourse …
GFH was the most active stock with 11.54 million traded shares
03:02 PM DFM maintains negative performance on Sunday
Dubai – Mubasher: The benchmark index of Dubai Financial Market (DFM) retreated by 0.58% or 16.53 points to 2,821.46 points by the end of Sunday’s trading session, maintaining its downward performance on Thursday, 23 January. A total of 68.09 …
The banks segment headed six losers with 0.87%
02:05 PM Boursa Kuwait down on Sunday
Mubasher: The Main Market Index of Boursa Kuwait levelled down by 0.67% at Sunday’s close, followed by the All-Share and Premier indices with 0.56% and 0.53%, respectively. Liquidity shrank to KWD 34.07 million, compared to KWD 41.53 in the …
Total Saudi merchandise exports slipped by 14.9% in November 2019
01:50 PM Saudi oil exports dip 15.4% in November - GaStat
Riyadh – Mubasher: Recent data from the Saudi Arabia General Authority for Statistics (GaStat) showed a 15.4% year-on-year (YoY) decrease in Saudi oil exports in November 2019. Oil exports retreated to SAR 62.3 billion in November last year from …
All planes under the deal will be in Kuwait by 2026
12:31 PM Kuwait Airways takes delivery of new A320neo jet
Mubasher: Kuwait Airways has received the third A320neo plane after being delivered from the Airbus plant in Hamburg, Germany, Kuwait News Agency (KUNA) recently reported quoting the airline's CEO, Kamel Al Awadhi.  The new delivery is a part of a …
Al Babtain's loan agreement has a tenor of 3 years
11:29 AM Al Babtain inks SAR 100m loan deal with SAIB
Riyadh – Mubasher: Al Babtain Power and Telecommunication company has signed a SAR 100 million medium-term credit facility agreement with Saudi Investment Bank (SAIB) under the murabaha system. The three-year loan, which will be paid through …
The new board was announced on Thursday, 23 January
11:25 AM Ajwan announces new board; Youssef Boodai named chairman
Mubasher: Ajwan Gulf Real Estate has announced a new board of directors during its meeting on Thursday, 23 January 2020, with Youssef Hamad Boodai chairing the board. Moreover, Bader Mansour Al Jumaa was named as the deputy chairman, while Mansour …
The new shares will be deposited into shareholders’ accounts on 2 February.
11:23 AM Saudi Cable’s remaining rights issue shares 357% oversubscribed
Riyadh – Mubasher: Saudi Cable Company (SCC) announced that its rights issue shares were oversubscribed by 357%. The sale included 10.56 million shares at an average price of SAR 12.88 per share, the company said in a bourse filing on Sunday. …
Dividends will be distributed on 44.85 million shares
10:54 AM NMC’s board proposes SAR 89.7m dividends for 2019
Riyadh – Mubasher: The board of National Medical Care Company (NMC) recommended a cash dividend distribution of SAR 2 per share for the fiscal year ended 31 December 2019. Total dividends will amount to SAR 89.7 million and will be distributed on …
The rise in profits was mainly prompted by higher sales
10:42 AM Sadafco's Q3 profit rises 27%
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (Sadafco) reported a 26.95% year-on-year profit growth during the third quarter ended 31 December 2019. Net profits, after zakat and tax, rose to SAR 68.06 million in the October-December …
Hong Kong Airlines will pay an equivalent of KWD 8.2 million to  Alafco
10:31 AM Alafco to receive $27m from Hong Kong Airlines on ruling
Mubasher: Alafco Aviation Lease and Finance Company on Sunday announced that it has obtained a ruling in its favour from the Hong Kong High Court against Hong Kong Airlines.   The High Court decision obliged Hong Kong Airlines to pay Alafco $27 …
The deal's operational execution will commence in June 2020
09:56 AM Integrated Logistics wins KWD 4.7m deal by KOC
Mubasher: Integrated Logistics Co, a fully owned subsidiary of Integrated Holding Company, won a three-year contract offered by Kuwait Oil Company (KOC) to rent heavy equipment and cranes.   The deal is valued at KWD 4.690 million, according to a …
The deal will reflect on the company's Q1 financials
09:30 AM Yiaco Medical buys land for KWD 5.5m
Mubasher: Yiaco Medical Company has entered into a land purchase agreement in Al Ardiya Kuwait at a value of KWD 5.500 million. Spanning a total area of 4,012.5 square metres, the land will be used as an administrative headquarters and a main …