Riyadh - Mubasher: The Company for Cooperative Insurance’s (Tawuniya) board members approved increasing the capital by 50% to SAR 2.25 billion from SAR 1.50 billion through the issuance of one bonus share for every held two shares. The capital …
Cairo - Mubasher: The ordinary general assembly of Wadi Kom Ombo for Land Reclamation Company approved on 22 April 2026 amendments to the estimated budget for fiscal year (FY) 2026/2027. The Egyptian company intends to achieve revenues of EGP 500 …
Cairo - Mubasher: The shareholders of General Company for Land Reclamation, Development and Reconstruction approved its approximate budget for fiscal year (FY) 2026/2027, according to a bourse filing The EGX-listed company targets net profits …
Cairo - Mubasher: The board members of Ferchem Misr for Fertilizers and Chemicals approved, during their 22 April 2026 meeting, the distribution of EGP 500 million in cash dividends for 2025. The EGX-listed company will distribute a dividend of …
Cairo - Mubasher: The consolidated net profits after tax of El-Nasr Clothing and Textiles Company (KABO) reached EGP 17.24 million in the first quarter (Q1) of fiscal year (FY) 2025/2026. The Q1-25/26 results were lower by 9% than EGP 18.96 …
Cairo - Mubasher: Concrete Fashion Group for Commercial and Industrial Investments generated $14.02 million in consolidated net profits after tax during 2025, lower year-on-year (YoY) than $16.09 million. The basic and diluted earnings per share …
Cairo - Mubasher: Suez Canal Company for Technology Settling generated year-on-year (YoY) higher consolidated net profits after tax at EGP 1.51 billion in the first half (H1) of fiscal year (FY) 2025/2026, compared to EGP 1.23 billion. The …
Cairo – Mubasher: French tech company Valeo has launched an AI Development Center in Cairo, celebrating the 20th anniversary of Valeo Egypt, according to a press release. Minister of Communications and Information Technology Raafat Hendy …
Riyadh – Mubasher: The net profits attributable to the shareholders of Saudi Investment Bank (SAIB) increased by 3.23% year-on-year (YoY) to SAR 519.60 million in the first quarter (Q1) of 2026 from SAR 503.30 million. The clients’ deposits hit …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 105 billion through two auctions on Thursday, 23 April. With a tenor of 182 days until 27 October 2026, the first tranche stood at EGP 55 …
Riyadh – Mubasher: Riyadh-based capital market institution Ashmore Investment Saudi Arabia has completed its second acquisition via its Education Investment Fund, marking another step in its strategy to expand the Kingdom’s education sector in …
Dubai - Mubasher: The shareholders of Amlak Finance have approved an AED 735 million dividend, equivalent to a rate of AED 49 fils per share, for 2025. The dividend payout, representing 49% of the share capital, reinforces the company’s solid …
Riyadh - Mubasher: ADES Holding Company was awarded a SAR 345 million ($92 million) contract from Valeura Energy, a subsidiary of Valeura Energy Inc., to provide offshore drilling services in Thailand. The agreement comprises a three-year tenor, …
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) posted 15.50% year-on-year (YoY) higher net profits at AED 834.17 million in the first quarter (Q1) of 2026. The quarterly profits were compared with AED 722.49 million in …
Abu Dhabi – Mubasher: The net profits after tax of United Arab Bank (UAB) declined to AED 75.06 million in the first quarter (Q1) of 2026 from AED 101.56 million in Q1-25. The basic earnings per share (EPS) dropped to AED 0.02 in January-March …
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) recorded 0.20% higher net profits after tax valued at AED 830.03 million in the first quarter (Q1) of 2026, compared to AED 828.11 million in Q1-25. The basic earnings per share (EPS) maintained …
Riyadh - Mubasher: Saudi Arabia-based AI contract management startup Signit has secured $15 million in Series A funding to accelerate its expansion across the Kingdom and strengthen its enterprise platform. The round was led by Raed Ventures, with …
Riyadh - Mubasher: Riyadh Development Company has signed an agreement to sell all its units in the Al Arabi Riyadh Development Real Estate Fund to Sumou Holding Company for a total value of SAR 184.47 million. The transaction will be paid …
Riyadh - Mubasher: The Saudi Public Investment Fund (PIF) and State Street Investment Management (State Street IM) have launched a new exchange-traded fund (ETF), with PIF serving as the fund’s anchor investor. The fund, known as State Street …
Cairo - Mubasher: Misr Beni Suef Cement registered year-on-year (YoY) higher consolidated net profits after tax at EGP 3.94 billion in 2025, compared to EGP 833.16 million. The earnings per share (EPS) grew to EGP 61.25 in January-December 2025 …
Dubai - Mubasher: The general assembly meeting of BHM Capital Financial Services approved a 20% total shareholder distribution for 2025, including 5% cash dividends and 15% bonus shares. The resolution reflects the company’s strong earnings …
Cairo – Mubasher: The stock of Extracted Oils continued its positive performance after breaking through the EGP 9.33 resistance level. The stock continued its upward trend, accompanied by high trading volumes, bringing it closer to its all-time …
Cairo – Mubasher: The stock of Arabia for Investment and Development (AIDC) successfully closed above the resistance level of EGP 0.34 after a sideways movement that had persisted since February. This was supported by a noticeable increase in …
Cairo - Mubasher: International Company for Leasing (Incolease) aims to expand its financial leasing portfolio to EGP 18 billion by the end of 2026, CEO Khaled Sarhan revealed. This target is higher than the EGP 13.20 billion recorded in 2025, …
Cairo - Mubasher: Drive Finance, a subsidiary of GB Corp, has completed its seventh securitization bond issuance at a value of EGP 2.20 billion, as per a bourse filing. Rated by Middle East Ratings and Investors Service (MERIS), the offering …
