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21 July 2025 00:45 PM Al Rajhi Bank unveils 32.5% higher profits in H1-25; financing agreement secured
Riyadh - Mubasher: Al Rajhi Bank posted 32.45% higher net profits at SAR 12.05 billion in the first half (H1) of 2025, compared to SAR 9.10 billion in H1-24. The earnings per share (EPS) climbed to SAR 2.86 as of 30 June 202 from SAR 2.16 a year …
Companies Investments
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21 July 2025 10:50 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
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21 July 2025 08:57 AM SNB logs SAR 12.1bn profits in H1-25, inks financing deal with solutions
Riyadh – Mubasher: The Saudi National Bank (SNB) recorded net profits valued at SAR 12.15 billion in the first half (H1) of 2025, an annual rise of 18.39% from SAR 10.27 billion. Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, up …
Banking and Finance
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21 July 2025 08:33 AM Air Arabia joins consortium to build national low-cost airline in Dammam
Mubasher: A consortium comprising Air Arabia, Nesma Group, and KUN Holding won the general authority of civil aviation’s (GACA) competition to establish and operate a new national low-cost airline at King Fahd International Airport in Dammam. The …
Companies Investments
Network International and Wio Bank
20 July 2025 08:55 PM Network International enters into strategic partnership with Wio Bank to endorse SME merchants
UAE – Mubasher: Network International has signed a strategic partnership with Wio Bank to offer digital lending solutions for SME merchants in the UAE, according to a press release. As a part of this collaboration, the lending products of the bank …
Banking and Finance
Asian Infrastructure Investment Bank (AIIB)
20 July 2025 07:09 PM AIIB endorses regional ties as Kuwait becomes a member
Mubasher: The Asian Infrastructure Investment Bank (AIIB) announced that Kuwait has joined the membership after it completed its ratification process on 26 May 2025, in a move that strengthens the bank’s footprint in the region. As one of the …
Macroeconomics
FAB's Lime Consumer Finance
20 July 2025 06:48 PM FAB-owned Lime enters Egypt’s fintech ecosystem with $9.4m initial investment
Cairo – Mubasher: Lime Consumer Finance, a wholly owned entity of First Abu Dhabi Bank (FAB) Group in the UAE, has officially launched in Egypt with an initial investment worth $9.40 million. FAB’s subsidiary has entered the Egyptian fintech …
Banking and Finance
Al Baraka Bank-Egypt and ICIEC
20 July 2025 06:19 PM Al Baraka Bank-Egypt unveils $100m deals with ICIEC
Cairo – Mubasher: Al Baraka Bank-Egypt has signed two key agreements totaling $100 million with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group. With each …
Banking and Finance
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20 July 2025 04:30 PM Aldrees records 25% profit growth in H1-25 amid higher revenue
Riyadh - Mubasher: Aldrees Petroleum and Transport Services Company posted 24.96% higher net profits at SAR 199.70 million in the first half (H1) of 2025, compared to SAR 159.80 million in H1-24. The revenues stood at SAR 12.03 billion in the …
Financial Results
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20 July 2025 00:21 PM Prices of investment funds including certificates in EGP, USD – Update
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 …
Companies Investments
Elsewedy Machinery and Johnson Controls–Hitachi
17 July 2025 06:22 PM Elsewedy, regional Johnson Controls–Hitachi win contract for Egypt’s high-speed rail megaproject
Cairo – Mubasher: Johnson Controls–Hitachi Air Conditioning Middle East and Africa (Johnson Controls–Hitachi Air Conditioning MEA) along with Elsewedy Machinery, the trading arm of Elsewedy Electric Group, won a major HVAC contract for the …
Global Economy
Alameda Healthcare
17 July 2025 05:38 PM UK-headquartered Addleshaw Goddard advises on $190m investment in Egypt’s Alameda
Cairo – Mubasher: International law firm Addleshaw Goddard, which is headquartered in London, has advised Egyptian private group Alameda Healthcare on its $190 million minority investment agreement with London-based private equity firm Development …
Global Economy
Emirates
17 July 2025 05:05 PM Emirates returns to Syrian capital as part of Middle East destinations
UAE – Mubasher: Emirates has touched down in Damascus, the capital of Syria, carrying onboard 286 passengers on 16 July to include the city again on its expansive network of Middle East destinations, according to a press release. The UAE airline …
Companies Investments
Binghatti Opens its London Boutique
17 July 2025 03:57 PM Binghatti expands globally, launches 1st international sales boutique
UAE – Mubasher: Binghatti has officially launched its first International Sales Boutique in London on 16 July 2025 to serve as a centralized hub for global investors, according to a press release. The new facility, which is located in the UK’s …
Companies Investments
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17 July 2025 03:23 PM Prices of investment funds including certificates in EGP, USD – Update
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
Alkhabeer Capital
17 July 2025 02:08 PM Alkhabeer Capital unveils partnership with $5bn global asset manager to unlock Saudi fintech private credit
Riyadh – Mubasher: Alkhabeer Capital has signed a strategic partnership agreement with Fasanara Capital, a $5 billion global asset manager specializing in technology-enabled credit solutions, according to a press release. The signing of the …
Global Economy
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16 July 2025 07:09 PM Yanbu Cement to pay SAR 0.5/shr dividends for H1-25
Riyadh – Mubasher: The board of Yanbu Cement Company has approved cash dividends valued at  SAR 78.75 million, representing 5% of the company’s SAR 1.57 billion capital, for the first half (H1) of 2025. The Tadawul-listed company will distribute a …
Cash Dividends
Deliverect
16 July 2025 05:18 PM Deliverect accelerates investment to drive MENA growth, hits 1bn global orders
Mubasher: Food tech SaaS company Deliverect is witnessing growth since entering the MENA market in 2020 with the company recording more than a 200% increase in processed orders annually, according to a press release. The firm has processed 1 …
Global Economy
Jazeera Airways
16 July 2025 03:30 PM Jazeera Airways resumes direct flights to Saudi destination
Mubasher: Jazeera Airways has relaunched tree weekly direct flights to Abha in Saudi Arabia, according to an official statement. Abha is Jazeera Airways’ seventh destination in Saudi Arabia. Meanwhile, the resumption of this direct route between …
Companies Investments
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16 July 2025 02:33 PM Prices of investment funds including certificates in EGP, USD – Update, new funds added
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 …
Trading Activities
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15 July 2025 07:50 PM Ayyan Investment witnesses turn to profitability in H1, Q2-25
Riyadh – Mubasher: Ayyan Investment Company has generated net profits worth SAR 384.26 million in the first half (H1) of 2025, against net losses of SAR 104.26 million in H1-24. The earnings per share (EPS) stood at SAR 3.83 at the end of June …
Financial Results
Advanced Petrochemical Company
15 July 2025 06:37 PM Advanced Petrochemical shifts to profitability in H1-25; net profit leaps 95% in Q2
Riyadh – Mubasher: Advanced Petrochemical Company has turned to net profits worth SAR 153 million in the first half (H1) of 2025, against net losses of SAR 17 million in H1-24. The company posted earnings per share (EPS) of SAR 0.593 as of 30 June …
Financial Results
Zelo
15 July 2025 06:02 PM IHC rebrands eFunder as Zelo upon acquisition; platform targets $250bn SME credit gap in MENA
Abu Dhabi – Mubasher: Global investment firm International Holding Company (IHC) has completed the acquisition of eFunder and unveiled its rebranding as Zelo to scale the platform’s impact and growing access to capital for the region’s most …
Companies Investments
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15 July 2025 05:11 PM Prices of investment funds including certificates in EGP, USD – Update
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
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14 July 2025 04:50 PM Mubadala joins alliance to acquire Techem for AED 29bn
UAE – Mubasher: Mubadala Investment Company penned a joint agreement with Partners Group, GIC, and TPG Rise Climate to acquire Techem, a global provider of digitally enabled solutions for the real estate sector.  The transaction, which is subject …
Companies Investments