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04 April 06:51 PM

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5 June 2025 01:49 PM Forbes Middle East, Beltone Holding to launch Top Advisors & Investors Summit
Cairo – Mubasher: Forbes Middle East and Beltone Holding partnered to launch the Top Advisors & Investors Summit, which is set to be held in Cairo during the second half (H2) of 2025, according to a press release. The summit aims to contribute to …
Global Economy
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5 June 2025 01:14 PM Burjeel Holdings to operate ADNOC’s Das Hospital
Abu Dhabi – Mubasher: Burjeel Holdings has signed a contract to operate and manage ADNOC’s Das Hospital at Das Island, according to a press release. This agreement aligns with ADNOC’s commitment to fostering emergency preparedness, improving …
Companies Investments
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5 June 2025 00:22 PM Nasdaq Dubai welcomes Mashreq’s $500m debut Sukuk listing
Dubai – Mubasher: Mashreq Bank listed a $500 million Sukuk on Nasdaq Dubai through Mashreq Al Islami Sukuk Company Limited, according to a press release. Issued under Mashreq’s $2.50 billion Trust Certificate Issuance Program, the offering is …
Companies Investments
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5 June 2025 11:34 AM SMC determines final IPO’s price at SAR 25/shr
Riyadh – Mubasher: Specialized Medical Company (SMC) completed its book-building process for institutional investors on the Main Market of the Saudi Exchange (Tadawul), according to a press release. The Saudi healthcare provider set its final …
Initial Public Offerings
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5 June 2025 11:20 AM Budget Saudi’s board mulls 34% capital increase
Riyadh – Mubasher: The board of United International Transportation Company (Budget Saudi) recommended a 33.74% capital hike, according to a bourse disclosure. The group will distribute 26.05 million shares as bonus shares to shareholders by …
Management Decisions
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5 June 2025 10:20 AM UAE’s May PMI drops to lowest level in 4 years
UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE fell to 53.3 in May  2025 from 54 in April, marking its lowest reading in four years. The index remained above the 50 no-change mark, highlighting an improvement …
Sector Reports
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4 June 2025 04:42 PM Sumou Real Estate pens SAR 562.5m deal for Sedco Capital’s project
Riyadh – Mubasher: Sumou Real Estate Company inked a SAR 562.47 million contract with Sedco Capital Sumou Al Muqarr Fund, represented by Jawharat Al Ghura Real Estate Development Company The company will implement the infrastructure and …
Real estate
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4 June 2025 02:51 PM Tassnief assigns ‘A-‘ national scale entity ratings to Cenomi Centers
Riyadh - Mubasher: SIMAH Rating Agency (Tassnief) has assigned a long-term national scale entity rating of (A-) and a short-term entity rating of ‘T-3’ to Arabian Centres Company (Cenomi Centers). The assigned ratings reflect low credit risk, …
Companies Investments
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4 June 2025 01:25 PM NMDC strengthens regional presence in MENA’s energy sector via stake acquisition deal
Abu Dhabi – Mubasher: NMDC LTS, a wholly owned subsidiary of National Marine Dredging Company (NMDC), acquired a 70% stake of the share capital and voting rights in Emdad, according to a press release This move aligns with NMDC’s strategy to drive …
Mergers and Acquisitions
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4 June 2025 00:17 PM ADSB, EDGE Group unveil AED 7bn award to boost Kuwait Naval Forces
Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) received a letter of award from its shareholder, EDGE Group, for the supply of Falaj3-class 62-metre Missile Boats to the Kuwait Naval Forces. The contract’s value stands at AED 7 billion, …
Companies Investments
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4 June 2025 09:15 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 …
Banking and Finance
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4 June 2025 08:39 AM Saudi Arabia’s PMI up to 55.8 in May; business confidence strengthens
Riyadh – Mubasher: Saudi Arabia’s headline seasonally adjusted Purchasing Managers’ Index (PMI) rose to 55.8 in May 2025 from 55.6 in April, signaling another solid improvement in the non-oil private sector, according to Riyad Bank’s latest data. …
Sector Reports
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3 June 2025 06:45 PM Anmat Technology to float shares on Nomu following Eid holiday
Riyadh – Mubasher: Anmat Technology for Trading Company is set to begin listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Wednesday, 11 June 2025. The company will float 5 million shares, equivalent to 11.63% of …
Trading Activities
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3 June 2025 06:15 PM Alinma Bank appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Alinma Bank named Abdulmalik Abdullah Alhogail as the board’s Chairman for the next three years, according to a bourse filing. Saad Abdulaziz Alkroud was appointed as the Vice Chairman for a new board term that began on 21 May …
Board of Directors
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3 June 2025 06:05 PM Stride Ventures eyes business in Saudi Arabia to fuel regional expansion plans
Riyadh – Mubasher: Stride Ventures, a global venture debt firm, has unveiled plans to launch a business in Saudi Arabia in line with its growth strategy in the GCC region. Stride Ventures currently boasts an active investment pipeline of up to …
Companies Investments
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3 June 2025 04:29 PM Aldar unveils Abu Dhabi's 1st coastal wellness destination with AED40bn development value
Abu Dhabi – Mubasher: Aldar Properties announced a master plan for Abu Dhabi’s next island destination, Fahid Island, which has a gross development value exceeding AED 40 billion. With an 11-kilometre (km) coastline, Fahid Island is surrounded by …
Companies Investments
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3 June 2025 01:50 PM AMEA Power commissions Africa’s largest wind power plant in Egypt
Cairo – Mubasher: AMEA Power commissioned its 500 megawatt (MW) wind power plant in Egypt, the largest operational wind farm in Africa, according to a press release. Located in Ras Ghareb in the Red Sea Governorate, the facility anchors Egypt’s …
Banking and Finance
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3 June 2025 11:41 AM Aramco concludes $5bn bond issuance
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program, according to a press release. The tranches include $1.50 billion senior notes …
Bonds
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3 June 2025 08:48 AM FABMISR arranges EGP 4.2bn loan for Redcon Properties
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the UAE-listed FAB, has led a syndicated loan worth EGP 4.20 billion for Redcon Properties, according to a press release. The loan will be used to finance the execution of the …
Companies Investments
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3 June 2025 07:51 AM Al Seer Marine boosts LPG logistics via new JV co-financed by ADCB
Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company has partnered with B International Shipping & Logistics, an affiliate of top energy trader BGN, to launch a joint venture ‘ASBI Shipping FZCO’. This new JV will own and operate …
Companies Investments
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2 June 2025 06:59 PM Ajman Port to witness infrastructure upgrade via AED 1bn agreement
UAE – Mubasher: The Department of Port and Customs Ajman (DPC) inked a joint deal valued at AED 1 billion with Hutchison Ports to expand and develop Ajman Port’s infrastructure. Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, witnessed the …
Companies Investments
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2 June 2025 05:04 PM Giza Systems announces new CEO appointment, regional expansion plans
Mubasher: Giza Systems, Egypt-based subsidiary of Arabian Internet and Communications Services Company (solutions) by Saudi Telecom Company (stc), appointed Ahmad Elharany as Group CEO. The company announced the appointment during a roundtable …
Management Decisions
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2 June 2025 00:26 PM Flynas launches 2 weekly direct flights to Damascus
Riyadh – Mubasher: Flynas has announced two weekly direct flights between Jeddah and Damascus as of 12 June, within the framework of the company's regional expansion, according to a press release. The Saudi carrier seeks to meet travelers needs …
Companies Investments
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2 June 2025 10:54 AM First Avenue secures SAR 320m financing from Alinma Bank
Riyadh – Mubasher: First Avenue Real Estate Development Company renewed and increased its SAR 320 million facility deal with Alinma Bank on 31 May 2025. The loan was secured by promissory notes to the amount of the total facilities limit and a …
Banking and Finance
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2 June 2025 08:51 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