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19 February 2025 08:05 PM ACWA Power acquires $693m assets in Kuwait, Bahrain
Riyadh – Mubasher: ACWA Power inked a share purchase agreement (SPA) with the regional subsidiary of French utility developer ENGIE to acquire assets valued at $693 million in Kuwait and Bahrain, according to a press release. This acquisition …
Companies Investments
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19 February 2025 07:26 PM Yamama Cement unveils SAR 421m profits in 2024, dividends
Riyadh – Mubasher: Yamama Cement Company posted 38.27% higher net profits at SAR 420.70 million in 2024, compared to SAR 304.25 million a year earlier, according to the financial results. Revenues hiked by 25.43% to SAR 1.17 billion last year from …
Financial Results
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19 February 2025 06:35 PM SAL’s profits surge nearly 30% in 2024; dividends for Q4 announced
Riyadh – Mubasher: Saudi Logistics Services Company (SAL) witnessed an annual leap of 29.77% in net profit to SAR 3.32 billion during 2024, compared to SAR 3.65 billion. Revenues climbed by 12.24% year-on-year (YoY) to SAR 1.63 billion as of 31 …
Board of Directors
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19 February 2025 06:11 PM Aramco to own 25% of petroleum firm Unioil within plans to enter Philippines retail market
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has signed definitive agreements to acquire a 25% equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines. Upon the deals signed on 19 February …
Mergers and Acquisitions
Saud Altassan, CEO at EFG Hermes KSA
19 February 2025 05:53 PM EFG Hermes KSA to lead major IPOs, deals in 2025 – Interview at CMF2025
Riyadh – Mubasher: Saud Altassan, CEO at EFG Hermes KSA, a unit of EFG Hermes Holding, said that the company is expected to witness more initial public offerings (IPOs) and acquisition deals in 2025. In an exclusive interview with Mubasher on the …
Companies Investments
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19 February 2025 04:46 PM ExxonMobil features latest technologies during partaking in EGYPES 2025 as diamond sponsor
Cairo – Mubasher: ExxonMobil reaffirms its commitment to Egypt's energy future as a prominent participant at EGYPES 2025, which is held on 17-19 February at the Egypt International Exhibition Center. This participation reflects ExxonMobil's …
Companies Investments
Saudi Tadawul Group
19 February 2025 03:51 PM Saudi Tadawul Group unveils capital management system during CMF2025
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has launched its new Capital Management System (CMS) on the sidelines of the Capital Markets Forum (CMF) 2025, which will conclude on 19 February. The CMS marks a transformative shift in …
Event
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19 February 2025 03:05 PM BinDawood Holding’s profits up in 2024; revenues cross SAR 5.6bn
Riyadh – Mubasher: BinDawood Holding Company registered an annual rise of 1.88% in net profit to SAR 280.25 million during 2024, versus SAR 275.07 million. Revenues also increased by 1.33% to SAR 5.67 billion last year from SAR 5.60 billion in …
Financial Results
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19 February 2025 02:37 PM Mobily’s profits leap 39% in 2024; dividends for H2-24 proposed
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) posted 39.20% higher net profits at SAR 3.10 billion in 2024, compared to SAR 2.23 billion a year earlier, according to the financial results. Revenues hiked by 8.61% to SAR 18.20 billion last …
Financial Results
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19 February 2025 01:48 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 …
Global Economy
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19 February 2025 10:57 AM Zain KSA posts highest revenues in history at SAR 10.3bn in 2024
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) posted 52.96% year-on-year (YoY) lower net profits at SAR 596 million in 2024, compared to SAR 1.26 billion. Zain KSA achieved the highest revenues in its history at SAR …
Cash Dividends
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19 February 2025 09:52 AM Wamid, Google Cloud, Deloitte ink partnership agreement at CMF2025
Riyadh – Mubasher: Wamid, Google Cloud, and Deloitte have entered into a strategic trilateral agreement to develop advanced data products tailored for stakeholders in the Saudi capital market. The partnership was announced on the first day of the …
Companies Investments
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19 February 2025 09:04 AM Aljazira Capital, Target launch SAR 1bn fund at CMF2025
Riyadh – Mubasher: Aljazira Capital and Target have launched AlJazira Target Al Narjus Real Estate Fund with a size exceeding SAR 1 billion, as per a statement. The launch was announced on the first day of the fifth edition of the Capital Markets …
Companies Investments
Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange
19 February 2025 08:34 AM Tadawul expected to welcome over 50 IPOs in 2025 – Al Rumaih at CMF
Riyadh – Mubasher: Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange (Tadawul) revealed that the Main Market and the Parallel Market (Nomu) welcomed more than 45 initial public offerings (IPOs) in 2024. On the sidelines of the Capital Market …
Event
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18 February 2025 08:57 PM Tadawul inks agreement with Jakarta Futures Exchange at CMF2025 to attract Indonesian investments
Riyadh – Mubasher: Saudi Exchange (Tadawul) penned a new memorandum of understanding (MoU) with the Jakarta Futures Exchange (JFX) during the fifth edition of the Capital Market Forum (CMF). The joint deal aims to encourage large Indonesian firms …
Global Economy
Umm Al Qura for Development and Construction
18 February 2025 08:47 PM Umm Al Qura enters investment agreement with cornerstone investor for IPO
Riyadh – Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of MASAR Destination, has issued a supplementary prospectus and signed a binding investment undertaking agreement for its initial public …
Trading Activities
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18 February 2025 08:20 PM SNB Capital, Awqaf Investment ink agreement at CMF2025 to enhance investment products
Riyadh – Mubasher: SNB Capital signed an agreement with Awqaf Investment to provide investment services for endowment assets exceeding SAR 8 billion, according to a press release. The deal, which was signed during the fifth edition of the Capital …
Global Economy
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18 February 2025 07:34 PM Edaa launches Edaa Connect at CMF2025 to streamline access to mutual funds
Riyadh – Mubasher: Edaa, the Securities Depository Center of the Saudi Tadawul Group launched Edaa Connect, a first-of-its-kind platform designed to transform investor access to mutual funds in the Saudi capital market. The launch was announced on …
Global Economy
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18 February 2025 07:10 PM Saudi Tadawul Group inks MoU with Financial Academy during CMF2025
Riyadh – Mubasher: Saudi Tadawul Group signed a memorandum of understanding (MoU) with the Financial Academy on the sidelines of the fifth edition of the Capital Markets Forum (CMF), which is being held in Riyadh until 20 February. The agreement …
Event
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18 February 2025 06:36 PM ACWA Power rolls out SAR 8.6bn deal for energy project in Egypt
Riyadh – Mubasher: ACWA Power inked a power purchase agreement (PPA) valued at SAR 8.60 billion for a wind energy project in Egypt, according to a bourse statement. The Saudi company will develop, build, own, and operate a wind power generation …
Companies Investments
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18 February 2025 05:47 PM Arabian Drilling, Shelf Drilling form to expand offshore drilling globally
Riyadh – Mubasher: Arabian Drilling inked a memorandum of understanding (MOU) with Shelf Drilling Limited to deploy some of its premium jack-up rigs internationally. The two companies will form a strategic alliance to expand their reach and …
Global Economy
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18 February 2025 01:15 PM SABIC Agri-Nutrients generates lower profits in 2024; revenues cross SAR 11bn
Riyadh – Mubasher: SABIC Agri-Nutrients Company recorded 9.07% lower net profits at SAR 3.32 billion during 2024, compared to SAR 3.65 billion in 2023. The revenues edged up by 0.25% year-on-year (YoY) to SAR 11.06 billion as of 31 December 2024 …
Financial Results
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18 February 2025 00:49 PM ADNOC Distribution to launch 1st flagship service station in Egypt
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) is set to open its first flagship service station in Egypt during 2025, according to a press release. Located in New Cairo, the new station will feature an …
Global Economy
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18 February 2025 10:00 AM Capital Markets Forum 2025 Kicks off in Riyadh
Riyadh – Mubasher: The fifth edition of the Capital Markets Forum (CMF) kicked off in Riyadh on Tuesday, 18 February, under the theme ‘Powering Connections’. Organised by the Saudi Tadawul Group, the event is being held under the patronage of …
Global Economy
Photo Archive
18 February 2025 09:12 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 Investment Funds as well as the price of each certificate in EGP, except for …
Global Economy