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05 April 08:42 AM

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28 August 2025 00:07 PM 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 and USD, as …
Banking and Finance
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28 August 2025 08:28 AM Journify scales regional operations via Riyadh office
Riyadh - Mubasher: Journify has expanded its footprint into Saudi Arabia through a partnership with AstroLabs, the Gulf region’s leading business expansion platform, according to a press release. Journify’s Saudi expansion comes during a period of …
Companies Investments
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28 August 2025 07:26 AM SNB Capital concludes 100 investment banking transactions since inception
Riyadh - Mubasher: SNB Capital has closed 100 investment banking transactions since its inception in 2021, with a combined value of more than SAR 750 billion ($200 billion), according to a press release. The company concluded an average of two or …
Banking and Finance
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27 August 2025 07:56 PM Amlak International secures SAR 250m financing from Emirates NBD- KSA
Riyadh – Mubasher: Amlak International Finance Company inked a Sharia-compliant facility agreement worth SAR 250 million with Emirates NBD- KSA Bank on 26 August 2025. The company will use the four-year loan to facilitate its business and increase …
Companies Investments
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27 August 2025 07:00 PM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations
Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million …
Financial Results
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27 August 2025 05:55 AM Egypt's exports to UAE leap 153% in H1-25
Cairo – Mubasher: Egypt's exports to the UAE hiked by 153.30% to $3.80 billion in the first half (H1) of 2025 from $1.50 billion in H1-24, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). On the other hand, the …
Sector Reports
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27 August 2025 05:53 AM Flynas resumes flights to Kuwait
Riyadh – Mubasher: Flynas Company has resumed direct flights between Jeddah and Kuwait as of 1 November to further expand its network in line with its growth and expansion plan. This aligns with national objectives in the aviation and tourism …
Global Economy
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27 August 2025 05:51 AM Maalexi fuels regional expansion via $20m fundraising transaction
UAE – Mubasher: Maalexi, a cross-border agri-trade end-to-end transaction platform, has secured a shariah-compliant credit facility of up to $20 million from Amwal Capital Partners (ACP), an independent firm specializing in alternative investments …
Global Economy
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27 August 2025 05:49 AM Agility Global’s Menzies Aviation completes acquisition of G2 Secure Staff for $305m
Mubasher: Menzies Aviation, a subsidiary of Agility Global, has fully acquired US-based G2 Secure Staff for an enterprise value consideration of $305 million plus a deferred consideration of $10 million payable in 2026. The transaction is subject …
Companies Investments
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27 August 2025 05:46 AM Sukoon to provide Takaful coverage to Emiratis up to 95 years
Dubai - Mubasher: Sukoon Takaful has partnered with the Sheikh Zayed Housing Program (SZHP) to introduce a Family Takaful scheme for eligible UAE Nationals. As part of the program, Sukoon Insurance and Sukoon Takaful will join UAE insurers …
Banking and Finance
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27 August 2025 05:45 AM Altharwah Albashariyyaah wins over SAR 15m project award from NCA
Riyadh - Mubasher: Altharwah Albashariyyah Company has received a project award notification from the National Cybersecurity Authority (NCA) with a total value of SAR 15.21 million. The award covers the execution of external training programs for …
Companies Investments
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26 August 2025 04:35 PM Knowledge Economic City obtains SAR 305m Islamic financing from Riyad Bank
Riyadh - Mubasher: Knowledge Economic City Company has secured a Shariah-compliant financing valued at SAR 305 million from Riyad Bank. The loan aims to fund the completion of the Al-Alya Project’s remaining residential component, according to a …
Sukuk and Islamic Finance
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26 August 2025 04:21 PM Falak backs Blomal Capital’s pre-seed funding round to boost digital investment
Riyadh - Mubasher: Saudi fintech Blomal Capital has secured a pre-seed round investment at an undisclosed amount from Falak Investment Hub, according to a press release. Blomal was founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, …
Companies Investments
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26 August 2025 03:42 PM Al Rantisi to lead Shuaa Capital’s growth strategy as new CEO
Dubai - Mubasher: Shuaa Capital has appointed Nabil Al Rantisi as its new CEO, effective 1 September 2025, according to a bourse disclosure. Al Rantisi succeeds Wafik ben Mansour, who will become Senior Advisor to the board after leading the …
Corporate Actions
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26 August 2025 02:57 PM Al Sagr Insurance’s accumulated losses hit AED 201.5m in Q2-25
Dubai - Mubasher: Al Sagr National Insurance Company incurred accumulated losses of AED 201.43 million, equivalent to 87.60% of its paid-up capital, in the second quarter (Q2) of 2025. The losses were due to a decline in investment values, …
Financial Results
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26 August 2025 02:06 PM Impact46 fully acquires Kammelna for $53m to expand global reach
Riyadh - Mubasher: Impact46 has acquired the Saudi game development studio Kammelna in exchange for $53 million (SAR 200 million). This investment will accelerate new cultural games, expansion, and global reach, according to a press release. …
Global Economy
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26 August 2025 01:04 PM Saudi Arabia’s non-oil exports jump 17.8% in Q2-25 – GASTAT
Riyadh - Mubasher: The non-oil exports of Saudi Arabia rose by 17.80% year-on-year (YoY) in the second quarter (Q2) of 2025, according to the General Authority for Statistics (GASTAT). In the three-month period ended 30 June 2025, the Kingdom’s …
Sector Reports
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26 August 2025 00:33 PM WSM to issue SAR 500m Sukuk program
Riyadh - Mubasher: WSM for Information Technology Company plans to establish a local Sukuk Program for issuing local Shariah-compliant Sukuk at a value of SAR 500 million. The tech firm also appointed Impact Financial Company as the financial …
Companies Investments
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26 August 2025 00:10 PM 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 and USD, as …
Trading Activities
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26 August 2025 11:45 AM Emirates NBD upsizes Dar Global’s syndicated facilities by $165m
Dubai - Mubasher: Emirates NBD has upsized syndicated conventional and Islamic term facilities for Dar Global, the wholly-owned subsidiary of Dar Al Arkan Real Estate Development Company, by $165 million, bringing the total amount to $440 million. …
Companies Investments
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26 August 2025 09:14 AM SAB plans to offer USD-denominated Tier 2 green notes
Riyadh - Mubasher: Saudi Awwal Bank (SAB) intends to issue USD-denominated Tier 2 capital green notes under its medium-term note program, which received provisional ratings from Moody's. The proposed offer will target eligible investors in Saudi …
Sukuk and Islamic Finance
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26 August 2025 08:50 AM UAE-based Cointel secures $7.4m funding to fuel global expansion
UAE – Mubasher: UAE-based edtech platform Cointel has raised $7.40 million in a strategic funding round led by Avalanche and joined by Sugafam Inc. The funding will accelerate North American expansion in the fourth quarter (Q4) of 2025, following …
Global Economy
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26 August 2025 08:03 AM Saudi Sadirat to close UAE branch over economic infeasibility
Riyadh - Mubasher: Saudi Industrial Export Company (Sadirat) received the board’s approval, on 25 August, to close its branch in the UAE due to economic infeasibility. This decision came as part of Sadirat’s plans to reduce general and …
Companies Investments
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26 August 2025 07:57 AM Zetta secures $12m to scale footprint in Saudi market
Riyadh - Mubasher: Zetta, a Saudi device-as-a-service (DaaS) company, closed a $12 million funding round led by Core Vision Investment and Ab’ad Al-Watan Investment. The company will use the funding to expand in the Saudi market and further …
Banking and Finance
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26 August 2025 07:51 AM Alnima Bank intends to issue dollar-denominated offering
Riyadh - Mubasher: Alinma Bank plans to issue USD-denominated Sustainable Additional Tier 1 (AT1) capital certificates under its AT1 capital certificate issuance program. The issuance will be carried out through a special purpose vehicle and …
Companies Investments