Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Sunday’s trading session with a mixed note after the EGX30 main rose by 0.06% to 16,265.92 points. On the other hand, the EGX50 EWI plummeted by 0.90% to 2,753.14 points. Both …
Riyadh – Mubasher: Lenovo has appointed Abdullah Bahanshal as the new Country Manager for Saudi Arabia within Lenovo Infrastructure Solutions Group (ISG). Bahanshal comes to Lenovo ISG from Honeywell, where he worked as the Country Sales Leader …
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) witnessed a 152% hike in net profit after tax to EGP 13.55 million during the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 5.37 million in H1-21/22. Revenues stood …
Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Sunday’s trading session lower by 143.21 points (1.34%) at 10,558.58 points. TASI’s turnover amounted to SAR 3.77 billion through the exchange of 213.30 …
Riyadh – Mubasher: Perfect Presentation for Commercial Services Company, known as 2P, obtained a Sharia-compliant facility worth SAR 50 million from Gulf International Bank (GIB) on 2 February 2023. The Saudi company will use the loan to finance …
Riyadh – Mubasher: Alwasail Industrial Company and Saudi Basic Industries Corporation (SABIC) inked a SAR 300 million agreement on 31 January 2023, according to a recent bourse filing. The deal aims to finance around 60,000 metric tonnes of raw …
Abu Dhabi – Mubasher: e&, formerly known as Etisalat Group, hiked its 12% stake in Vodafone Group to 13%, excluding treasury shares. Meanwhile, the UAE-based company currently holds 3.53 billion shares in Vodafone, according to a bourse …
Cairo – Mubasher: Egypt-based fintech and e-commerce ecosystem MNT-Halan has raised $400 million in equity and debt financing from local and global investors, with a valuation of $1 billion. The funding round consists of equity financing worth …
Riyadh – Mubasher: Al Yamamah Steel Industries Company shifted to net losses after Zakat and tax worth SAR 41.90 million in the first quarter (Q1) of fiscal year (FY) 2022/2023, versus net profits of SAR 34.01 million in Q1-21/22. Revenues hit SAR …
Abu Dhabi – Mubasher: Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) recorded net profits of AED 21.08 million in 2022, down from AED 32.87 million a year earlier. The UAE-based firm witnessed an annual …
Abu Dhabi – Mubasher: National Corporation for Tourism and Hotels (NCTH) registered AED 60.46 million net profits in 2022, lower by 48.82% year-on-year (YoY) than AED 118.14 million. The ADX-listed company generated revenues worth AED 712.67 …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a total value of EGP 35 billion through two tranches on Sunday, 5 February, according to official data. The first issue stood at EGP 13.50 million, holding a …
Riyadh – Mubasher: The net profits of Bank Albilad amounted to SAR 2.08 billion in 2022, higher by 23.43% year-on-year (YoY) than SAR 1.68 billion. Earnings per share (EPS) increased to SAR 2.09 last year from SAR 1.69 in 2021, according to the …
By: Omnia Ahmed Mubasher: Building a business on solid unit economic is considered important by key players in the market. Meanwhile, startups as well as small- and medium-sized enterprises (SMEs) need access to financial services through a simple …
Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) closed Thursday’s trading session with a negative performance after the EGX30 main index declined by 0.93% to 16,255.73 points. The EGX50 EWI also plummeted by 1.55% to 2,778.17 points. …
Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) went down by 81.94 points (0.76%) on Thursday and ended the trading session at 10,701.79 points. A total of 172.36 million shares were traded at a value of SAR …
Cairo – Mubasher: Air Arabia Egypt has launched a new destination to Gizan, marking its 11th route in Saudi Arabia. Starting from 9 April 2023, the company will operate two direct flights weekly between Cairo International Airport and King …
Riyadh – Mubasher: Bena Steel Industries Company intends to list 600,000 ordinary shares, accounting for 12% of its total shares, on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Yaqeen Capital, the financial advisor of the potential …
UAE – Mubasher: The main index of the Dubai Financial Market (DFM) ended Thursday’s trading session at 3,365.25 points after gaining 17.33 points (0.51%). The trading value stood at AED 280.71 million after a total of 110.17 million shares were …
Abu Dhabi – Mubasher: International Holding Company (IHC) has purchased a 55% equity in Reach Employment Services at a value of AED 315 million, according to a press release. The transaction marks IHC's first business acquisition in 2023 and …
Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) witnessed net profits attributable to shareholders worth AED 1.30 billion in 2022, higher by 30% year-on-year (YoY) than AED 1 billion. Revenues from contracts with customers reached …
Mubasher: The Saudi Central Bank (SAMA) and the Central Bank of the UAE (CBUAE) raised their key interest rates by 25 basis points after the US Federal Reserve (Fed) unveiled a 25-basis-point hike on 1 February 2023. SAMA increased its repo and …
Riyadh – Mubasher: The shareholders of Saudi Top for Trading Company agreed to disburse SAR 14.40 million as cash dividends for 2022, according to a bourse disclosure. Under the board’s proposal that was made last December, the firm will pay out a …
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) logged net profits worth AED 364.51 million in 2022, an annual leap of 38% from AED 264.16 million. The total revenues hiked to AED 599.02 million last year from AED 442.48 million in …
Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Borouge plummeted to $1.39 billion in 2022 from $1.51 billion in 2021. The company generated revenues worth $6.72 billion during January-December 2022, up 8.30% …
