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09 April 11:50 PM

Middle east news

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8 December 2025 00:48 PM ADIB Egypt unveils 98.5% oversubscription in rights issue tranche
Cairo - Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced that the first tranche of its EGP 3 billion capital increase was 98.54% oversubscribed. The first stage of the rights issue, which concluded on 4 December …
Banking and Finance
Photo Archive
8 December 2025 00:26 PM East Pipes Integrated pens SAR 485m supply agreement with Saudi Water Authority
Riyadh – Mubasher: East Pipes Integrated Company for Industry and the Saudi Water Authority inked a SAR 485 million agreement on 7 December 2025, according to a bourse statement. Under the deal, the company will manufacture and supply steel pipes …
Companies Investments
Photo Archive
8 December 2025 00:07 PM Al Hammadi Holding’s unit Sudair Pharma eyes trading on Tadawul
Riyadh - Mubasher: Sudair Pharmaceutical Company has submitted its application file to the Capital Market Authority (CMA) for the registration and offering of its shares for an initial public offering (IPO) on the Main Market of Saudi Exchange …
Initial Public Offerings
Founders of Reno
8 December 2025 11:49 AM UAE's Reno raises $4m in equity-debt round to expand in GCC region
UAE – Mubasher: UAE-based home renovation tech platform Reno has secured $4 million in a mix of equity and debt to expand its footprint across the GCC, according to a recent press release. The company will use the new investments to scale its …
Companies Investments
Photo Archive
8 December 2025 11:48 AM Maridive’s unit wins 15-year petroleum services contract in GCC country
Cairo - Mubasher: Maridive Offshore Projects, a subsidiary of Maridive & Oil Services, secured a 15-year contract in Qatar to provide maintenance and production support services in the petroleum sector. The contract holds an annual value of $10.15 …
Global Economy
Photo Archive
8 December 2025 11:31 AM Arabian Cement unveils details for 2024 dividends
Cairo - Mubasher: Arabian Cement Company announced 21 December 2025 as the settlement date for the 2024 cash dividends.  The dividends will be distributed on 24 December through Misr for Central Clearing, Depository and Registry (MCDR), according …
Corporate Actions
Photo Archive
8 December 2025 11:13 AM Yanbu Cement’s board approves SAR 118m dividends for H2-25
Riyadh - Mubasher: The board members of Yanbu Cement Company decided to pay cash dividends of SAR 118.12 million to eligible shareholders for the second half (H2) of 2025, according to a bourse filing. The company will disburse SAR 0.75, …
Board of Directors
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8 December 2025 10:55 AM Investcorp Capital acquires US-based Guardian Fire Services, brings new investments to $1.1bn
Abu Dhabi – Mubasher: Investcorp Capital has acquired Guardian Fire Services, a leading provider of fire and life safety services operating in Northeastern, Southeastern and Western US. This latest investment takes the total value of Investcorp …
Mergers and Acquisitions
Photo Gallery
8 December 2025 10:29 AM Aldar, Mubadala launch AED 60bn expansion of Al Maryah Island project
Abu Dhabi - Mubasher: Aldar Properties and Mubadala Investment Company launched a joint venture (JV) to expand Al Maryah Island, with a gross development value exceeding AED 60 billion. The JV further anchors Abu Dhabi’s global position as the …
Real estate
Photo Archive
8 December 2025 00:18 AM Top MENA PMIs for November 2025 – Recap
Mubasher: A report by Emirates NBD Research summarized the Purchasing Managers’ Index (PMI) data for the top MENA countries, with the S&P Global PMI for the UAE rising to a value of 54.8 in November, up from 53.8 in October 2025. Meanwhile, the …
Global Economy
Photo Archive
7 December 2025 06:57 PM Investment firm El-Garhy Group raises equity ownership in Arab Developers to 4.63%
Cairo - Mubasher: El-Garhy Group for Investment and Development has increased its stake in Arab Developers Holding to 4.63% from 1.03%, according to a bourse filing. The group purchased 500 million shares in Arab Developers for a total amount …
Trading Activities
Photo Archive
7 December 2025 06:32 PM Panda witnesses equity increase transaction worth over EGP 25m
Cairo - Mubasher: The Arab Dairy Products Company (Panda) stated that Summu Consulting raised its stake to 3.25% from 1.95%. The consulting firm purchased 6.50 million shares at an average price of EGP 3.90 per share, according to a bourse filing. …
Trading Activities
Photo Archive
7 December 2025 05:31 PM Dice's board approves FV study for assets worth EGP 1.4bn in total valuation
Cairo - Mubasher: The board members of Dice for Ready-Made Garments (Dice Sport and Casual Wear) recently approved a fair value (FV) study report covering three land plots, which resulted in a total valuation of EGP 1.40 billion, according to a …
Board of Directors
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7 December 2025 04:39 PM KABO unveils international agreements, expansion plan including export lines
Cairo - Mubasher: El-Nasr Clothing and Textiles Company (KABO) announced a development plan to boost the export production lines and carry out a comprehensive expansion of El-Amreya and El-Hadara factories. KABO intends to increase the daily …
Event
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7 December 2025 03:40 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
Photo Archive
7 December 2025 03:00 PM UAE's NUB HoldCo DMCC exits Taaleem Management for EGP 800m
Cairo - Mubasher: NUB HoldCo DMCC sold its entire 51.62 million shares, representing a 7.07% stake, in Taaleem Management Services. The shares were sold at an average price of EGP 15.50 per share, bringing the total transaction value to EGP 800.24 …
Corporate Actions
Photo Archive
7 December 2025 02:44 PM 2P Perfect Presentation acquires SAR 83m asset in Riyadh to support expansion
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has purchased a 3,005.14-square-meter (m²) commercial property in Riyadh for SAR 83 million to endorse the firm's growing business. The deal, signed …
Companies Investments
Photo Archive
4 December 2025 07:12 PM Scientific & Medical Equipment wins SAR 100m King Fahd hospital project
Riyadh - Mubasher: Scientific & Medical Equipment House Company received approval from the Ministry of Health – General Diwan for a SAR 100 million project to replace and develop the infrastructure at King Fahd Hospital in Al Baha. The 24-month …
Companies Investments
Photo Archive
4 December 2025 06:41 PM Raoom’s board greenlights over SAR 4.5m dividends for Q3-25
Riyadh – Mubasher: The board of Raoom Trading Company approved interim cash dividends of SAR 4.62 million for the third quarter (Q3) of 2025. Raoom will distribute a dividend of SAR 0.37 per share for 12.50 million eligible shares, according to a …
Cash Dividends
Saudi Exchange (Tadawul)
4 December 2025 06:21 PM Subsidiary of UAE’s Amanat Holdings lists 30% on Tadawul following successful IPO
Dubai – Mubasher: Amanat Holdings said that its indirect wholly-owned subsidiary, Almasar Alshamil Education (Almasar Education), has listed 30% of its share capital on the Main Market of the Saudi Exchange (Tadawul) on 2 December 2025, following …
Companies Investments
Photo Archive
4 December 2025 06:09 PM Scientific & Medical Equipment inks roughly SAR 100m contract with Saudi gov’t
Riyadh - Mubasher: Scientific & Medical Equipment House Company recently signed a SAR 99.71 million contract with the Ministry of Health’s branch in Najran. The five-year agreement was penned on 4 December 2025 and covers the maintenance and …
Companies Investments
Photo Archive
4 December 2025 05:25 PM NCLE reports 17% drop in Q1-25/26 net profits
Riyadh - Mubasher: The National Company for Learning and Education (NCLE) registered 17.12% year-on-year (YoY) lower net profits at SAR 35.53 million in the first quarter (Q1) of fiscal year (FY) 2025/2026, compared to SAR 42.87 million. The …
Financial Results
NBK Wealth
4 December 2025 05:24 PM NBK Wealth – KSA acquires land plot to develop SAR 300m mixed-use property
Riyadh – Mubasher: NBK Wealth – KSA, affiliated to NBK Wealth Group, has strengthened its presence in Saudi Arabia by taking over a prime land plot to build a mixed-use property at a total development cost of approximately SAR 300 million ($80 …
Real estate
Majid Al Futtaim's Rasha Azab and Lime's Ahmed Mohsen
4 December 2025 04:38 PM Majid Al Futtaim chooses FAB’s Lime to enhance experience in Egypt-based retail destinations
Cairo – Mubasher: Majid Al Futtaim has signed a strategic partnership with Lime Consumer Finance, a wholly owned entity of the UAE-listed First Abu Dhabi Bank (FAB), to introduce innovative and flexible financing solutions for customers across its …
Companies Investments
Photo Archive
4 December 2025 03:57 PM Beltone’s consolidated net profits cross EGP 1.5bn in 9M-25
Cairo - Mubasher: The consolidated net profits after tax of Beltone Holding Company reached EGP 1.57 billion in the first nine months (9M) of 2025, compared to EGP 1.20 billion in the adjusted financials for the corresponding period of 2024. The …
Banking and Finance