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13 March 2025 01:46 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Banking and Finance
FAB's Annual General Meeting
12 March 2025 06:35 PM FAB’s shareholders approve highest-ever dividends of AED 8.3bn for 2024
Abu Dhabi – Mubasher: The equityholders of First Abu Dhabi Bank (FAB), during the annual general meeting approved the distribution of AED 8.30 billion in cash dividends for 2024. The approved amount is equivalent to 75 fils per share and will be …
Corporate Actions
Photo Archive
12 March 2025 06:22 PM Northern Region Cement posts 79% increase in 2024 net profit
Riyadh – Mubasher: Northern Region Cement Company registered a 78.88% rise in net profit to SAR 100.87 million during 2024 compared with SAR 56.39 million in 2023. The earnings per share (EPS) increased to SAR 0.56 in 2024 from SAR 0.31 in the …
Financial Results
Abu Dhabi Ports Company (AD Ports)
12 March 2025 06:02 PM AD Ports unveils over AED 1.7bn net profits in 2024; revenue exceeds AED 17.2bn
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) posted a growth in net profit after tax to AED 1.77 billion in 2024, compared with AED 1.36 billion in 2023. The basic and diluted earnings per share (EPS) rose to AED 0.27 last year from …
Financial Results
Photo Archive
12 March 2025 05:30 PM Egypt can now immediately draw about $1.2bn as IMF concludes 4th review of economic reform programme
Cairo – Mubasher: The executive board of the International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program supported by the EFF arrangement. Concluding the review enables the Egyptian authorities to …
Global Economy
Photo Archive
12 March 2025 05:12 PM SHL Finance witnesses over 1,000% jump in 2024 net profit
Riyadh – Mubasher: SHL Finance Company posted a surge of 1,040.50% in net profit after Zakat and income tax to SAR 26.52 million during 2024 compared to SAR 2.32 million in 2023. The earnings per share (EPS) went up to SAR 0.27 in 2024 from SAR …
Financial Results
Sustained Infrastructure Holding Company (SISCO Holding)
12 March 2025 04:21 PM SISCO Holding says full-year revenue in 2024 resulted from strong performance in ports segment
Riyadh – Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) unveiled that its full-year revenue, excluding accounting construction revenue, increased by 19.20% year-on-year (YoY) to SAR 1.25 billion in 2024, compared to SAR 1.05 …
Financial Results
Arabian Drilling
12 March 2025 03:26 PM Arabian Drilling generates SAR 321m net profits in 2024; full-year dividends exceed SAR 240m
Riyadh – Mubasher: Arabian Drilling recorded a net profit of SAR 321.36 million in 2024, which marked a 46.85% annual decrease from SAR 604.61 million. The earnings per share (EPS) shrank to SAR 3.61 in 2024 compared to SAR 6.79 in 2023, according …
Cash Dividends
FABMISR
12 March 2025 02:18 PM FABMISR unveils new product for multinational, large corporate clients
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the arm of the UAE listed FAB operating in Egypt, has launched FABMISR E-Connect as the newest corporate online banking channel designed specifically for multinationals and large corporates. …
Banking and Finance
Savola Group
12 March 2025 01:54 PM Savola Group’s net profits near SAR 10bn in 2024; dividends withheld on shareholding in Almarai
Riyadh – Mubasher: Savola Group witnessed a leap of 1,009.24% in net profit during 2024, registering SAR 9.97 billion compared to SAR 899.20 million in 2023. The annual growth in net profit last year was partially attributed to the distribution of …
Board of Directors
Photo Archive
12 March 2025 01:15 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Mutual Funds
Photo Archive
11 March 2025 04:45 PM Tecom Group’s AGM approves AED 400m cash dividend for H2-24
Dubai – Mubasher: The annual general assembly meeting (AGM) of Tecom Group approved the board’s recommendation to distribute a cash dividend of AED 400 million or 8 fils per share for the second half (H2) of 2024. This brings the full-year cash …
General Assembly
Photo Archive
11 March 2025 03:59 PM Al Majed Oud’s net profit nears SAR 157m in 2024; dividends recommended
Riyadh – Mubasher: Al Majed Oud Company recorded a 5.57% increase in net profit to SAR 156.95 million in 2024 from SAR 148.67 million a year earlier. The revenues grew by 19.88% year-on-year (YoY) to SAR 926 million as of 31 December 2024, …
Financial Results
Photo Archive
11 March 2025 03:57 PM Riyadh Cables generates nearly SAR 817m profits in 2024
Riyadh – Mubasher: Riyadh Cables Group Company registered SAR 816.88 million in net profit at the end of December 2024, up 57.55% year-on-year (YoY) from SAR 518.49 million. Revenues climbed by 15.10% to SAR 9 billion last year from SAR 7.82 …
Financial Results
Photo Archive
11 March 2025 03:33 PM Presight-owned AIQ secures $340m deal to deploy agentic AI across ADNOC operations
Abu Dhabi – Mubasher: AIQ, a Presight AI Holding company, unveiled a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream value chain. Under the three-year deal, ENERGYai and AI-backed solutions …
Companies Investments
Photo Archive
11 March 2025 03:33 PM Herfy Food turns to losses at SAR 116.5m in 2024 amid lower revenue
Riyadh – Mubasher: Herfy Food Services Company posted a net loss of SAR 116.52 million in 2024, against a net profit of SAR 8.38 million in 2023. The revenue stood at SAR 1.12 billion as of 31 December 2024, down by 4.17% year-on-year (YoY) from …
Financial Results
Photo Archive
11 March 2025 03:21 PM Nice One's net profit soars nearly 120% in 2024
Riyadh – Mubasher: Nice One Beauty Digital Marketing Company posted a net profit of SAR 71.74 million in 2024, reflecting a 119.91% year-on-year (YoY) surge from SAR 32.62 million. The revenues reached SAR 1 billion as of 31 December 2024, marking …
Financial Results
Photo Archive
11 March 2025 02:53 PM Salama Cooperative reports over 41% decline in 2024 net profit; accumulated losses revealed
Riyadh – Mubasher: The net profit after Zakat attributable to the owners of Salama Cooperative Insurance Company amounted to SAR 30.12 million in 2024, marking a 41.28% decrease from SAR 51.30 million in 2023. The insurance revenues fell by 15.43% …
Financial Results
Photo Archive
11 March 2025 01:58 PM Al Etihad Cooperative logs over SAR 49m net profit in 2024
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded SAR 49.13 million worth of net profit after Zakat attributable to the owners in 2024, a 47.67% decline from SAR 93.89 million in 2023. The insurance revenues increased by 23.91% …
Financial Results
Photo Gallery
11 March 2025 01:19 PM ADIB’s shareholders greenlight AED 3bn cash dividend for 2024
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB)  has concluded its annual general assembly meeting (AGM), where the shareholders approved the distribution of a cash dividend of 83 fils per share for 2024. The lender will pay out a total of AED …
Cash Dividends
Photo Archive
11 March 2025 01:04 PM Walaa Cooperative’s net profits shrink 56.5% in 2024
Riyadh – Mubasher: Walaa Cooperative Insurance Company achieved 56.55% year-on-year (YoY) lower net profits attributable to the shareholders at SAR 64.30 million in 2024, versus SAR 147.97 million. Insurance revenues climbed by 15.82% to SAR 3.34 …
Financial Results
Photo Archive
11 March 2025 00:02 PM NBF closes $100m syndicated financing transaction co-led by Emirates NBD, RAKBANK
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has closed a single currency term and letter of credit syndicated transaction amounting to $100 million, according to a press release. The financing deal will enable Pure Cement LLC to …
Banking and Finance
Photo Archive
11 March 2025 11:14 AM Emirates NBD-Egypt backs public transportation development in Egypt via EGP 3bn financing
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, has penned a financing deal valued at EGP 3 billion with the National Authority for Tunnels (NAT) to support public transportation development projects in Egypt. This …
Banking and Finance
Photo Archive
11 March 2025 10:41 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below, you can find the names of the Investment Funds as well as the price of each certificate in EGP, except …
Mutual Funds
Photo Archive
11 March 2025 10:25 AM Cenomi Centers logs SAR 1.2bn profits in 2024; dividends for Q3 announced
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) generated SAR 1.22 billion in net profit during 2024, lower by 18.44% year-on-year (YoY) than SAR 1.50 billion. Revenues increased by 4.01% YoY to SAR 2.34 billion at the end of December …
Financial Results