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02 December 07:15 PM

Gulf news

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2 hours ago Alwasail Industrial to offer 10% of shares on NOMU
Riyadh - Mubasher: Alwasail Industrial Company intends to offer 2.5 million ordinary shares, representing 10% of the company's shares, for the listing on Parallel Market (NOMU). The offering period will begin on Sunday, 26 December, and will end …
Initial Public Offerings
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3 hours ago TASI, NomuC end Thursday in green zone
Riyadh – Mubasher: The Tadawul All Share Index (TASI) went up by 0.30% or 32.83 points to end Thursday's trading session at 10,882.79 points. A total of 139.641 million shares were traded at a total value of SAR 5.111 billion. The consumer …
Trading Activities
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4 hours ago Sadr Logistics' EGM nods capital increase to SAR 175m
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Sadr Logistics Company has approved a 600% capital increase by offering the right issues. The capital will rise by SAR 150 million to SAR 175 million, compared to SAR 25 million, …
Management Decisions
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5 hours ago ADQ, TAQA ink agreement to explore energy opportunities in Kazakhstan
Abu Dhabi – Mubasher: ADQ and Abu Dhabi National Energy Company (TAQA) have entered into a long-term strategic agreement with Samruk-Kazyna, a sovereign wealth fund, to explore opportunities in the energy sector in Kazakhstan. Under the …
Companies Investments
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10:22 AM Wafrah submits file to CMA for capital increase to SAR 231.5m
Riyadh – Mubasher: Wafrah for Industry & Development Company has submitted an application file to the Capital Market Authority (CMA) to raise the company’s capital by offering right issues. The company's board has proposed to increase the capital …
Companies Investments
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10:05 AM Saudi Paper appoints financial advisor to offer rights issue for capital raise
Riyadh – Mubasher: Saudi Paper Manufacturing Company has appointed Al Anma Investment Company as the financial advisor to offer right issues to increase the company's capital. The company will submit the file to the Capital Market Authority …
Companies Investments
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1 December 06:32 PM Red Sea International signs SAR 246m contract with Baker Hughes
Riyadh – Mubasher: Red Sea International Company has penned a contract worth SAR 245.77 million with Baker Hughes Company to design, manufacture, supply, and manage remote mobile modular buildings. The agreement holds a duration of seven years …
Companies Investments
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1 December 06:17 PM Aljazira Takaful’s shareholders nod to 17% capital hike
Riyadh – Mubasher: The shareholders of Aljazira Takaful Taawuni Company approved, during the extraordinary general meeting (EGM), to increase the capital by 16.86% after granting 0.1686 shares for every one owned share. The company will capitalise …
General Assembly
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1 December 05:29 PM Mastercard, Meta - Facebook team up to empower SMEs digitisation in region
Mubasher: Mastercard will be collaborating with Meta, formerly known as Facebook, to endorse the digitisation and growth of small and medium enterprises (SMEs) in the Middle East and Africa (MEA), according to a press release on Wednesday. Both …
Event
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1 December 04:07 PM TASI rises on Wednesday; NomuC declines
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Wednesday higher by 88.16 points (0.82%) at 10,849.96 points. The trading value stood at SAR 6.25 billion after exchanging 184.74 million shares, compared …
Trading Activities
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1 December 02:30 PM EY partners with PMI-KSA Chapter to endorse Saudi project management profession
Riyadh – Mubasher: Ernst & Young (EY) signed a memorandum of understanding (MoU) with the Project Management Institute (PMI) chapter in Saudi Arabia (PMI-KSA Chapter) to boost the growth of the project management profession in the Kingdom. The …
Companies Investments
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1 December 01:03 PM Saudi Arabia's 1st Future Minerals Summit to kick off next month
Riyadh – Mubasher: Saudi Arabia will debut its first-ever Future Minerals Summit during 11-13 January 2022 in the capital Riyadh, the Ministry of Industry and Mineral Resources announced on Wednesday. A ministerial roundtable before the summit …
Event
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1 December 12:27 PM Australia’s TBH expands to Saudi Arabia
Riyadh – Mubasher: Australian planning and management services provider Tracey Brunstrom and Hammond (TBH) has expanded its operations in the Middle East through its first office in Riyadh in Saudi Arabia. Riyadh office will be TBH’s ninth global …
Companies Investments
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1 December 10:50 AM Food delivery platform Jahez proceeds with IPO, listing on Tadawul’s Nomu
Riyadh – Mubasher: Saudi online food delivery platform Jahez International Company for Information Systems Technology intends to proceed with an initial public offering (IPO) and to list 13% of its capital on the Saudi Exchange’s (Tadawul) …
Companies Investments
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30 November 06:15 PM Saudi Arabia forms authority for sustainable development of Red Sea economy
Riyadh- Mubasher: Saudi Arabia’s Council of Ministers approved the regulatory arrangements of the Saudi Red Sea Authority (SRSA), which will be responsible for enabling the sustainable development of the Red Sea economy for the Kingdom.  SRSA will …
Macroeconomics
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30 November 05:49 PM IsDB’s ICIEC signs agreement with Japan's NEXI to boost trade relations
Mubasher: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has partnered with Japan-based Nippon Export and Investment Insurance (NEXI), the Export Credit Agency (ECA) of Japan, through a memorandum of …
Companies Investments
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30 November 05:01 PM UAE registers 65 new COVID-19 cases
UAE – Mubasher: The UAE Ministry of Health and Prevention recorded 65 additional COVID-19 infections on Tuesday, state-run agency WAM reported. There was one fatality as well as 77 more recoveries, the ministry added. The new figures increased the …
Sector Reports
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30 November 04:58 PM GFH acquires $200m medical offices in US
Mubasher: GFH Financial Group has purchased a portfolio of medical offices in the US in exchange for around $200 million, as part of the company's plan to build a portfolio of stabilised assets. With 11 assets, the medical portfolio spreads across …
Companies Investments
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30 November 04:26 PM Italy's Saipem wins $750m contract for Jafurah field's development
Riyadh - Mubasher: Italy-based Saipem has entered into a new contract worth $750 million with Saudi Arabian Oil Company (Aramco) to contribute to the development of the Jafurah unconventional gas field, Saudi Arabia's largest non-associated gas …
Companies Investments
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30 November 03:53 PM TASI ends Tuesday down; NomuC rises
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Tuesday down by 48.8 points (0.45%) at 10,761.8 points. The turnover reached SAR 10.53 billion through the exchange of 289.14 million shares, compared to …
Trading Activities
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30 November 03:10 PM No cases of Omicron variant detected in Egypt – Official
Cairo – Mubasher: Egypt has not registered any cases of the Omicron variant until the current times, Acting Minister of Health, Khaled Abdel Ghaffar, who is the Minister of Higher Education and Scientific Research, stated on Tuesday. Abdel Ghaffar …
Sector Reports
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30 November 02:56 PM UAE stock markets close Tuesday in green zone
UAE - Mubasher: The UAE stock markets have ended Tuesday's trading session in the green zone. The benchmark index of the Dubai Financial Market (DFM) inched up 0.42% to end Tuesday's trading session at 3,072.91 points. A total of 365.496 million …
Trading Activities
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30 November 02:22 PM Kuwait’s NAS, Global Jet Technic partner to provide services at UAE airports
Mubasher: Kuwait-based National Aviation Services (NAS) has teamed up with Global Jet Technic to provide comprehensive maintenance services to airlines operating at Dubai and Sharjah airports in the UAE. The Kuwaiti entity will offer its line …
Companies Investments
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30 November 01:10 PM Alhokair teams up with US’ Subway to double restaurants in Kingdom
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company has partnered with the US fast food brand Subway to nearly double the number of Subway’s restaurants in Saudi Arabia over the coming six years. The new agreement is expected to add a minimum of …
Companies Investments
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30 November 11:51 AM Mubadala considers investing in Singapore's Princeton Digital Group
UAE – Mubasher: Mubadala Investment Company (Mubadala) is studying investing in Singapore-based data centre provider Princeton Digital Group (PDG), sources told Bloomberg. The sources added that this potential investment is part …
Companies Investments