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Gulf news

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23 June 2025 01:41 PM PIF launches CP program to boost funding sources; ‘P-1’ rating granted by Moody's
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched its commercial paper (CP) program, adding a new source of funding to its existing instruments, according to a press release.  The program allows CP issuance through offshore …
Companies Investments
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23 June 2025 01:35 PM Gulf General announces key appointments
Riyadh - Mubasher: Gulf General Cooperative Insurance Company named Mazen Hani Altamimi and Taher Mohammed Omar Agueel as the board’s Chairman and Vice Chairman, respectively.  The two officials took over for a three-year term that started on 16 …
Corporate Actions
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23 June 2025 11:13 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 the …
Global Economy
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23 June 2025 07:45 AM Saudia expands regional footprint via flights to El-Alamein, Salalah
Riyadh – Mubasher: Saudia officially launched flights from Jeddah to El-Alamein in Egypt and Salalah in Oman, according to a press release. The new El-Alamein route marks Saudia’s fourth destination in Egypt, with three weekly flights operating …
Global Economy
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23 June 2025 07:36 AM Paragon Developments launches office in Riyadh to expand regional footprint across MENA
Cairo – Mubasher: Paragon Developments, Egypt’s leading regenerative mixed-use developer, has inaugurated its first regional office in Saudi Arabia, according to a press release. Located in Riyadh, the development scheme aligns with the company’s …
Global Economy
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22 June 2025 08:34 PM Burjeel Holdings’ Alkalma launches regional mental health platform
Abu Dhabi – Mubasher: Burjeel Holdings has launched four specialist mental health centers under its mental health and wellbeing platform, Alkalma, through the integration of Aspris Healthcare facilities. The centers are located in Dubai’s City …
Global Economy
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22 June 2025 06:50 PM UK-based Axia Media expands global footprint via Dubai office
UAE – Mubasher: Axia Media Group, a UK-based provider of financial and business services, has inaugurated a new office in Dubai to enhance its presence in the Middle East. The launch aligns with the company’s strategy to support its growing client …
Global Economy
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22 June 2025 06:42 PM Union Insurance reduces capital by 30.5% to offset accumulated losses
Abu Dhabi - Mubasher: Union Insurance Company reduced its capital by 30.50% from AED 330.93 million to AED 230 million to offset accumulated losses amounting to AED 142.74 million. The transaction will be executed by utilizing AED 41.80 million …
Corporate Actions
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22 June 2025 04:33 PM Al Hammadi Holding, Cenomi Centers unveil new board leadership
Riyadh - Mubasher: Al Hammadi Holding and Arabian Centres Company (Cenomi Centers) have appointed new board leadership, according to two separate disclosures. Al Hammadi Holding named Abdulaziz bin Mohammed Al Hammadi as the Chairman and Mohammed …
Board of Directors
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22 June 2025 02:32 PM Arabia Insurance, United Cooperative Assurance ink MoU to explore potential merger
Riyadh - Mubasher: Arabia Insurance Cooperative Company and United Cooperative Assurance Company agreed to evaluate a potential merger between the two firms. Under the non-binding memorandum of understanding (MoU), the two companies will merge …
Companies Investments
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22 June 2025 00:49 PM First Milling inks SAR 69.5m financing deal with SIDF
Riyadh - Mubasher: First Mills Company has signed a SAR 69.40 million financing facility agreement with the Saudi Industrial Development Fund (SIDF), according to a bourse filing. The funding aims to support the company's capital expenditure for …
Banking and Finance
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22 June 2025 00:22 PM Aldar registers AED 3.4bn in Fahid Island sales during launch week
Abu Dhabi – Mubasher: Aldar Properties generated more than AED 3.50 billion in sales at Fahid Beach Residences and The Beach House, according to a press release. The Fahid Island homes attracted several buyers due to their position as Abu Dhabi’s …
Companies Investments
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22 June 2025 00:02 PM Beltone Leasing secures $20m for MSMEs, green financing in MENA
Cairo - Mubasher: Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, obtained a total of $20 million in funding from two investment funds managed by Germany-based Finance in Motion GmbH. Each of the SANAD Fund for MSME …
Banking and Finance
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22 June 2025 11:04 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 the …
Trading Activities
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22 June 2025 08:33 AM Serco extends AED 495m deal with Dubai Airports
UAE – Mubasher: Serco extended its contract with Dubai Airports at a value of AED 495 million (GBP100 million) to run until December 2030, according to a recent press release. The five-year extension builds on a guest experience partnership over …
Companies Investments
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22 June 2025 07:50 AM FAB becomes MENA’s 1st lender to join CIPS as direct participant
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has become the first lender in the MENA region to join the cross-border Interbank Payment System (CIPS) as a direct participant (DP), according to a press release. FAB’s direct participation in …
Global Economy
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22 June 2025 07:02 AM SIDCS’s Emmdad secures SAR 10m Sharia-compliant loan from Social Development Bank
Riyadh - Mubasher: Emmdad Logistic Services Company, a subsidiary of Saudi Industrial Development Company (SIDC), has signed a Sharia-compliant financing agreement worth SAR 10 million with the Social Development Bank. The five-year financing …
Banking and Finance
Mirnas Brescic, CEO and Founder of SaturnX
19 June 2025 11:37 PM SaturnX closes $3m funding round to expand in Southeast Asia
UAE – Mubasher: SaturnX has raised $3 million in seed funding, led by White Star Capital with participation from institutional investors, according to a press release. The funding will support the UAE-based infrastructure provider’s expansion into …
Companies Investments
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19 June 2025 08:09 PM CMA approves Nomu listing of 3 companies
Riyadh - Mubasher: The Capital Market Authority (CMA) passed the registration and share offerings of three companies on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). The CMA issued the three approvals on 18 June 2025, according to …
Companies Investments
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19 June 2025 04:32 PM Taaleem acquires GCC-focused KFG to expand network
Dubai – Mubasher: Taaleem Holdings has signed a sale and purchase agreement to acquire 95% shareholding in Kids First Group Limited (KFG), an early-learning premium education provider in the GCC. The acquisition is expected to boost Taaleem’s …
Global Economy
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19 June 2025 03:26 PM PIF launches ERC to support Expo 2030 Riyadh
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched Expo 2030 Riyadh Company (ERC) to build and operate the facilities of Saudi Arabia’s first World Expo, according to a press release. Spanning 6 million square meters, Expo 2030 …
Event
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19 June 2025 01:03 PM Seera’s board proposes capital cut to SAR 2.7bn
Riyadh - Mubasher: The board of directors of Seera Group Holding has recommended an 8.65% capital cut to SAR 2.74 billion from SAR 3 billion, according to a bourse disclosure. The capital reduction will be executed through the cancellation of …
Companies Investments
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19 June 2025 09:53 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 the …
Mutual Funds
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19 June 2025 08:21 AM NWC completes wastewater networks project in Riyadh for SAR 73m
Riyadh – Mubasher: The National Water Company (NWC), represented by its Central Cluster, has completed Phase 4 of its wastewater networks project in Al Dawadmi Governorate. The project aligns with the company’s strategic plans to enhance water and …
Companies Investments
GTN
19 June 2025 07:59 AM GTN appoints Jon Lester as Chief Operating Officer for Middle East amidst regional growth
Mubasher: GTN, a global fintech redefining investing and trading for all, is pleased to announce the appointment of Jon Lester as the new Chief Operating Officer (COO) for the Middle East. Jon's appointment is particularly timely and underscores …
Corporate Actions