Mubasher Exclusive

Four EGX-listed firms among Forbes’ 100 most Powerful Arab companies in 2018
18 June 04:04 PM Four EGX-listed firms among Arab world's 100 most powerful
By: Heba El Kordy Cairo – Mubasher: Four companies listed on the Egyptian Exchange (EGX) were listed among Forbes Magazine’s 100 most powerful companies in the Arab world. The Commercial International Bank (CIB) came in the 38th spot on the list …
Photo Archive
1 June 04:19 PM TASI ends May in losses; market cap down 0.5%
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) declined by the end of May, after rising for two consecutive months, in both March and April. The Tadawul All Shares Index (TASI) fell 0.58%, or 47.79 points, to the level of 8,161.08 points. …
The number of foreign factories operating in Saudi Arabia reached 616 at the end of Q1-18
17 May 03:45 PM Saudi Arabia sees 616 foreign factories in Q1-18
Riyadh – Mubasher: The number of foreign factories operating in Saudi Arabia reached 616 at the end of the first quarter of 2018. The capital of these factories amounted to around SAR 7.65 billion with 50,580 thousand workers during Q1-18, data by …
Eleven firms logged SAR 476.16 million in profits during Q4-17
4 April 03:34 PM Saudi food firms’ profit grows in Q4; Almarai tops peers
By: Thabet Shehata Riyadh – Mubasher: Food companies listed on the Saudi Stock Exchange (Tadawul) posted a 236% year-on-year jump in their profits during the fourth quarter of 2017. Eleven firms logged SAR 476.16 million in profits during Q4-17, …
The annual net profit for Saudi developers dropped to SAR 1.35 billion in 2017
2 April 04:59 PM Saudi property developers’ net profits hit 2.9% in Q4
By: Thabet Shehata Riyadh – Mubasher: Net profits of Saudi Arabia's real estate sector surged 2.86% in the fourth quarter, while registered a 23.68% drop in the full-year 2017. Saudi Arabia-listed developers’ net profit increased to SAR 609.18 …
The sector’s net profit reached AED 80.38 million in Q4-18
1 April 04:52 PM Saudi-listed transport firms profits plunge 44% in Q4
By: Thabet Shehata Riyadh – Mubasher: Saudi Arabia-listed transportation companies saw a 44.36% decline in net profits during the fourth quarter and a 22.84% decrease in the full-year 2017.  The sector’s net profit reached AED 80.38 million in …
Arabia Investments is planning to compete for electricity projects in several Arab countries
26 March 06:34 PM Egypt’s Arabia Investments eyes electricity projects bids in Saudi, Kuwait, Libya
By: Ahmed Allam Cairo – Mubasher: Arabia Investments, Development, and Financial Investment Holding Company is planning to compete for electricity sector projects in Kuwait, Saudi Arabia, Iraq, and Libya in the coming period, its deputy chairman …
TMG Holding's CEO Hisham Talaat Moustafa
13 March 02:18 PM TMG Holding's Saudi project still under study - Managing director
By: Abdallah Bedier Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is still considering the establishment of a residential project in Saudi Arabia, managing director Hisham Talaat Moustafa told Mubasher on the sidelines of Cityscape …
The Tadawul-listed telecom firms are STC, Mobily, Zain, and Go.
5 March 05:32 PM Saudi telecom sector profits hike 29% in Q4
By: Thabet Shehata Riyadh – Mubasher: Net profits of the three firms listed on the Saudi Stock Exchange's (Tadawul) telecommunication services sector surged 29% in the fourth quarter of 2017, compared to the year-ago period. Companies’ net profits …
Gulf Navigation managing director and group CEO Khamis Juma Buamim
31 January 07:10 PM Gulf Navigation eyes acquisitions, debt restructure - CEO
By: Amr Fouad Dubai – Mubasher: Gulf Navigation Holding is planning two new acquisitions in the UAE added to raising its fleet and may consider postponing its sukuk issuance, a top official has revealed. The company has successfully completed the …
Al Yamamah Steel’s stock saw trading of 477,800 shares
22 January 02:48 PM Al Yamamah Steel’s stock hits highest since July 2017
Riyadh – Mubasher: Al Yamamah Steel Industries’ stock on Monday rose 2.28% to SAR 25.55 by 2:10 pm KSA time on the Saudi Stock Exchange (Tadawul), registering its highest level since 24 July 2017.  The stock also hit its highest growth in 30 …
DP World is the main investor in Jeddah Port
8 January 02:55 PM DP World completes Jeddah Port development plan
By: Amr Adel Dubai – Mubasher: DP World has completed the plan for developing Saudi Arabia's Jeddah Port, said chairman and CEO Sultan bin Sulayem, adding that the scheme was submitted it to the Saudi Ports Authority (MAWANI) for approval. The …
Dubai investments to start Riyadh Investments Park project early 2018 – CEO
4 December 2017 03:55 PM Dubai investments to start Riyadh Investments Park project early 2018 – CEO
By: Amr Adel Dubai – Mubasher: Dubai Investments is about to complete procedures of Riyadh Investments Park’s project in Saudi Arabia, said the CEO, and managing director, Khalid Bin Kalban, adding that it is expected to start the project in the …
KSA’s Bahri to start operation in UAE early 2018
9 November 2017 11:42 PM Bahri’s new joint ventures to start operation in UAE early 2018
By: Amr Adel Dubai – Mubasher: The National Shipping Company of Saudi Arabia’s (Bahri) new joint ventures are expected to start operation in Dubai and Riyadh by the beginning of 2018, acting CEO Ali Al-Harbi said in an interview with Mubasher on …
GFH Group’s listing on Tadawul is a positive sign for its stock
9 November 2017 00:52 PM GFH Group’s stock gains 1.43% on new listing Thursday
By: Mahmoud Gamal Dubai – Mubasher: GFH Group’s stock rose on Thursday on the Dubai Financial Market (DFM) amid positive expectations with regards to the company's planned listing on the Saudi Stock Exchange (Tadawul). By 12:40 pm UAE time, the …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 2017 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …
3 factors define TMG Holding outlook amid Saudi anti-corruption crackdown
6 November 2017 04:37 PM 3 factors define TMG Holding outlook amid Saudi anti-corruption crackdown - Analysis
By: Heba El-Kordy Cairo – Mubasher: Talaat Moustafa Group Holding’s (TMG Holding) stock was the most affected by the Saudi Royal anti-corruption crackdown. TMG Holding’s stock dropped on Monday to its lowest level since 4 October 2017 amid …
GFH to be listed on Tadawul – CEO
29 October 2017 11:50 AM GFH to be listed on Tadawul – CEO
By: Amr Adel Dubai – Mubasher: GFH Financial Group plans to be listed on the Saudi Stock Exchange (Tadawul) as the Saudi body is the largest stock market in the MENA region, GFH CEO Hisham Al Rayes on Sunday told Mubasher during a phone interview. …
We are optimistic because of the increasing demand and the stability in the real estate market, Taqi told Mubasher.
18 October 2017 05:58 PM DAMAC expects meeting sales targets in 2017
By: Amr Adel Dubai – Mubasher: DAMAC CFO Adil Taqi on Wednesday said that his company is expecting sales volume to exceed the AED 7-billion target by the end of 2017. We are optimistic because of the increasing demand and the stability in the real …
Amanat’s chairman further revealed that his company has a surplus in capital and has no need to increase it for the time being
8 October 2017 05:04 PM Amanat to invest AED 1bn in KSA, UAE acquisitions – Chairman
By: Amr Adel Dubai – Mubasher: Amanat Holdings is planning to invest AED 1 billion ($272.5 million) in new acquisitions in the healthcare and education sectors in Saudi Arabia and the UAE until the end of 2017, the company’s chairman has said. …
DAMAC has already delivered 1,100 residential units in its DAMAC Hills
11 September 2017 08:05 PM DAMAC eyes delivery of 2,800 units in 2017 – Interview
By: Amr Adel Dubai – Mubasher: DAMAC Properties is looking to deliver 2,800 units in 2017, said senior VP of International Business Development Wael Al-Lawati on Monday during the first day of the Cityscape Global 2017 event held in Dubai. DAMAC …
Nama Chemicals’ stock hits highest level in 4M
10 September 2017 00:46 PM Nama Chemicals’ stock hits highest level in 4M
Riyadh – Mubasher: Nama Chemicals’ stock rose for the fourth session in row, registering its highest level in four months, or since 11 May 2017 during Sunday’s trading activities, to lead the green zone of the Saudi Stock Exchange (Tadawul). By …
Saudi Amiantit Group’s stock on Tuesday went up 5.2%, by 11:41 am KSA time, registering its highest growth rate in 12 trading sessions
29 August 2017 00:31 PM Amiantit stock hits highest growth rate in 12 sessions
Riyadh – Mubasher: Saudi Amiantit Group’s stock on Tuesday went up 5.2%, by 11:41 am KSA time, registering its highest growth rate in twelve trading sessions. The stock reached SAR 6.94, after 4.69 million shares were exchanged through 1,730 …
By 2:25 pm KSA time, the stock surged 9.3% to SAR 27.90
21 August 2017 03:10 PM Amana stock hits highest level in 4.5 yrs
Riyadh – Mubasher: Amana Cooperative Insurance’s stock registered its highest level since 26 January 2013, or in four years and half. By 2:25 pm KSA time, the stock surged 9.3% to SAR 27.90. The stock rose for the 13th time in 15 trading sessions …
By 12:10 pm KSA time, Arabian Shield’s stock retreated 9.2% to SAR 42.65
20 August 2017 01:03 PM Three insurance stocks top TASI losers
Riyadh – Mubasher: The stocks of Arabian Shield Cooperative Insurance Company, the Saudi Indian Company for Cooperative Insurance (Wafa Insurance), and Malath Cooperative Insurance Company led the Saudi Stock Exchange’s (Tadawul) losers during …