Mubasher Exclusive

GCC markets to attract retail and institutional investors this week
08:52 AM 10 factors to attract foreign investors to GCC stocks
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to attract retail and institutional investors, mainly foreign traders, this week, analysts told Mubasher. By the end of Thursday’s trading session, most of the Gulf bourses rose, …
GCC states’ holdings of US Treasury securities reached $274.77 billion in February
16 April 11:29 AM GCC holdings of US Treasuries rise 1.8% in February
By: Mahmoud Gamal Mubasher: The GCC states’ holdings of US Treasury securities amounted to around $274.77 billion in February, rising 1.8% month-on-month from $269.94 billion, the US Department of the Treasury said in a recent report. Saudi …
Most of the Gulf bourses ended Sunday’s trading session in green territory
15 April 08:48 AM GCC stocks to see further gains this week - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to revive and see further gains over the course of this week, analysts told Mubasher. The UAE’s twin bourses are seeing positive performance, encouraged by ongoing purchasing …
Fine Holding’s MENA regional marketing director Rawan Emeish
9 April 10:14 AM Fine Hygienic Holding doesn't mull listing on Arab stock market - Interview
By: Fahd Omran Cairo – Mubasher: Jordan-based Fine Hygienic Holding does not intend to be listed on any stock market in the meantime, the company’s MENA regional marketing director said. The group operates in five Arab states; namely Jordan, …
Production of international refineries increased to 1.36 million bpd in 2018
8 April 06:23 PM Saudi Aramco’s total refined products hit 3.2m bpd in 2018
Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco, announced that its total refined products increased by 243,000 barrels per day (bpd), or 8%, year-on-year in 2018. Aramco’s total refined products rose to 3.2 …
Traders in the region are upbeat about the recent development of the US-China trade dispute
7 April 08:51 AM GCC stock markets to see further gains this week – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see further gains this week amid investor optimism about quarterly financial results, the US-China trade war talks, the performance of global stock markets, and oil prices.  Global …
Aramco's crude oil deliveries totalled 10.32 million bpd in 2018
4 April 02:57 PM Saudi Aramco’s crude oil deliveries grow 2.3% in 2018
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabian Oil Company’s, better known as Saudi Aramco, crude oil deliveries rose 2.3%, or nearly 235,000 barrels per day (bpd) year-on-year, over the course of 2018. Crude oil deliveries of Aramco, the …
Saudi listed companies reported a 1.65% net profit increase to SAR 105 billion in 2018
4 April 01:29 PM Saudi listed firms post SAR 17bn profit in Q4 – Survey
By: Thabet Shehata Riyadh – Mubasher: Companies listed on the Saudi Stock Exchange (Tadawul) reported an 8% year-on-year growth in profits for the fourth quarter of 2018.   Net profits of 164 firms out of the total 168 Saudi listed firms amounted …
Saudi banks’ government bond holdings hit SAR 331.16 billion in February
3 April 06:00 PM Saudi banks raise gov’t bond holdings by SAR 62bn in February
By: El-Sayed Gamal Riyadh – Mubasher: Saudi banks increased their government bonds holdings by 22.9%, or SAR 61.77 billion ($16.47 billion), year-on-year in February. Saudi banks’ holdings of government and semi government bonds jumped to SAR …
Ghawar field is Aramco’s largest oil field with reserves of 58.32 BBOE
3 April 05:11 PM Saudi Aramco’s oil output capacity hits 12m bpd end-2018
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabian Oil Company, better known as Saudi Aramco, unveiled that its maximum sustainable capacity (MSC) of crude oil stood at 12 million barrels per day (bpd) on average by the end of 2018.   The Saudi …
Head of Tax at KPMG Al Fozan & Partners, Wadih Abu Nasr
3 April 04:59 PM Foreign firms should meet KSA's Transfer Pricing Bylaws – KPMG
Mubasher: The transfer pricing policies set by multinational corporates or foreign companies planning to establish a business in Saudi Arabia should come in line with the Transfer Pricing Bylaws, which have been recently announced by the kingdom, …
SABIC topped Saudi firms with net profits of SAR 21.52 billion in 2018
2 April 06:27 PM Saudi listed firms log SAR 105bn profit in 2018 – Survey
By: Thabet Shehata Riyadh – Mubasher: Saudi listed companies reported a 1.65% year-on-year growth in profits for the full-year 2018. Net profits of 164 firms out of the total 168 Saudi listed companies amounted to SAR 105 billion ($28 billion) …
Saudi Aramco’s net profits surged 46.3% year-on-year in 2018
2 April 01:20 PM Saudi Aramco’s profit jumps 738% in 2 yrs
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabian Oil Company, better known as Saudi Aramco, reported a 737.71% hike in net profit in the last two years. Net profits of the world's largest oil company soared to SAR 284.62 billion in 2017 and SAR …
TASI’s liquidity plunged 19% to SAR 177 billion in Q1-19
31 March 06:43 PM TASI gains 993 pts in Q1-19; market cap rises SAR 228 bn
By: Thabet Shehata Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) soared in the first quarter of 2019, hitting record high levels, supported by launching the first phase of the inclusion of Saudi stocks in the MSCI Emerging Markets (EM) …
Walaa Cooperative Insurance logged a net profit of SAR 100.37m in 2018
31 March 04:04 PM 16 Saudi insurance firms log SAR 213m loss in 2018
By: Thabet Shehata Riyadh – Mubasher: A total of 16 insurance firms listed on the Saudi Stock Exchange (Tadawul) reported a combined net loss of SAR 213 million in 2018. The Company for Cooperative Insurance (Tawuniya) posted the highest net …
The GCC markets are likely to see momentum backed by foreign liquidity
31 March 09:48 AM 10 factors to set GCC bourses’ trend in Q2 – Analysis
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to be gripped by ten factors during the second quarter of 2019, analysts told Mubasher. The Gulf bourses are expected to see further gains on the back of the Saudi Stock Exchange’s …
The healthcare firms’ profits plunged 42.87% to SAR 188 million in Q4-18
28 March 01:34 PM Saudi healthcare firms’ profit drops to SAR 941m in 2018
By: Thabet Shehata Riyadh – Mubasher: The consolidated profits of the healthcare companies listed on the Saudi Stock Exchange (Tadawul) tumbled to SAR 941 million during the full-year 2018, from SAR 1.29 billion a year earlier. Tadawul’s …
Al Rajhi Bank topped Saudi lenders in terms of 2018 dividends
27 March 05:36 PM Nine Saudi banks distribute SAR 28bn dividends in 2018
By: Elsayed Gamal Riyadh – Mubasher: Nine out of the total 12 listed Saudi banks approved the distribution of cash dividends with a combined value of SAR 28.11 billion ($7.49 billion) for 2018, according to statistics conducted by Mubasher. The …
TMG Holding's CEO Hisham Talaat Mostafa
25 March 03:15 PM TMG Holding, Saudi Arabia in talks over residential project
By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is in talks with the Saudi Arabian Ministry of Housing to build a residential project in the Gulf kingdom, the company’s CEO revealed on Monday. The terms and …
The GCC bourses are still luring several investors as stocks hit attractive levels
25 March 09:35 AM Global factors to shape GCC markets trend this week - Analysts
By: Mahmoud Gamal Mubasher: Analysts have set some factors that would shape the trend of the GCC stock markets this month, including the performance of global markets, 2018 cash dividend distributions, the recent development on the US-China trade …
SABIC’s net profit after Zakat and tax jumped 16.87% to SAR 21.54 billion last year
21 March 05:05 PM Tadawul-listed petrochemical firms’ profit hikes 23% in 2018
By: Thabet Shehata Riyadh – Mubasher: The petrochemical companies listed on the Saudi Stock Exchange (Tadawul) registered a 23% increase in profits during the full-year 2018, logging SAR 32.5 billion, from SAR 26.4 billion in 2017, Mubasher …
The greenback recorded around EGP 17.24 for buying and EGP 17.35 for selling on Thursday
21 March 04:35 PM Will USD hover below EGP 17 at national banks? – Analysis
By: Eslam Fadl Cairo – Mubasher: The US dollar has been notably falling against the Egyptian pound since the Central Bank of Egypt’s (CBE) governor stated that the USD/EGP exchange rate would see further volatility. The USD exchange rate against …
Non-Saudi traders’ selloff recorded SAR 9.39 billion in 11 weeks
18 March 03:10 PM Tadawul sees $2.5bn foreign inflows in 11 weeks
By: Elsayed Gamal Riyadh – Mubasher: Foreign investors in the Saudi Stock Exchange (Tadawul) are seeking to ratchet up their investments, buoyed by the anticipation to upgrade Tadawul by international index compilers  FTSE Russell, MSCI, and S&P …
The USD rate fell by EGP 0.3 to EGP 17.35 for buying and EGP 17.45 for selling at Egypt’s two largest state-owned lenders
14 March 04:55 PM USD edges down against EGP Thursday
Cairo – Mubasher: The US dollar exchange rate on Thursday slipped by EGP 0.3 to EGP 0.6 against the Egyptian pound at national banks. The USD rate fell by EGP 0.3 to EGP 17.35 for buying and EGP 17.45 for selling at Egypt’s two largest state-owned …
Etisalat was named the most valuable telecoms brand in the region
7 March 02:53 PM 8 GCC telecom firms among top valuable brands in 2019
By: Mahmoud Gamal Abu Dhabi – Mubasher: Eight GCC telecommunications companies ranked among the world’s 300 top valuable telecoms operator brands in 2019, according to a recent study by Brand Finance. The UAE telecom operator Emirates …