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15 August 12:35 AM

Mubasher Exclusive

Total losses reached SAR 994.46 million ($265.2 million) in Q2-18
14 August 05:19 PM 40 Tadawul-listed firms end Q2 down
By: Thabet Shehata Riyadh – Mubasher: Forty companies listed on the Saudi Stock Exchange (Tadawul) registered losses during the second quarter of 2018. Total losses reached SAR 994.46 million ($265.2 million) in Q2-18, according to Mubasher's …
Trading Activities
The situation in Turkey will have its repercussions in the GCC economies
13 August 11:59 AM Turkish crisis keeps special presence in UAE markets
By: Mahmoud Gamal Dubai – Mubasher: The diplomatic spat between Turkey and the US has stolen the limelight from the disclosures in the UAE markets. This tension began when Turkey refused to release an American evangelical pastor accused of being …
Companies Investments
Photo Archive
31 July 07:03 PM Tadawul’s turnover exceeds SAR 73bn in July
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) settled by the end of July, seeing modest gains in the month that saw only 15 trading sessions, due to the long Eid holiday. The Tadawul All Shares Index (TASI) rose 0.23%, or 19.4 points, and …
Trading Activities
The Saudi market is so important and full of growth potentials
30 July 02:11 PM Shuaa to boost foothold in Saudi Arabia, Kuwait, Egypt
By: Mahmoud Gamal Dubai – Mubasher: Shuaa Capital is seeking to collaborate with Saudi Arabia’s Jabal Omar Development Company (JODC) to launch and manage real estate investment funds in the Kingdom of Saudi Arabia. The partnership is directed …
Companies Investments
The JV will pump this sum into real estate projects in the New Administrative Capital, New Alamein, and Ain Sokhna.
30 July 09:43 AM Egyptian-Saudi JV to inject EGP 25bn in Egypt - Interview
By: Abdullah Bedeir Cairo – Mubasher: Edge Holding for urban development is looking to invest around EGP 25 billion in Egypt within three years. Edge Holding is a joint venture (JV) formed by Brouj Egypt and Saudi Arabia’s Al Mashariq Trading & …
Real estate
Egypt's Suez Canal to be mildly affected by Saudi's oil export halt via Bab Al Mandab Strait
26 July 07:16 PM Egypt's Suez Canal to be mildly affected by Saudi's oil export halt via Bab Al Mandab Strait – Analysts
By: Islam Fadl Riyadh – Mubasher: Saudi Arabia's suspension of all crude exports through the Bab Al Mandab Strait is expected to have a minimal effect on Egypt's Suez Canal in the coming period, analysts told Mubasher. On Thursday, Saudi Arabia …
Sector Reports
Photo Archive
12 July 07:54 PM TASI returns to gains, Nomu down for 4th week
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week on a positive note, supported by the performance of most market sectors, despite a decline in liquidity levels. The Tadawul All Shares Index (TASI) rose by 2.26%, or 184.8 …
Trading Activities
The Qatari bourse ranked the 2nd in terms of GCC market index performance
8 July 10:17 AM QSE raises 5.5% in H1-18; ranks 2nd among GCC peers
Mubasher: The general index of the Qatar Stock Exchange (QSE) saw a 5.52% increase by the end of June, registering 9,024 points, compared to 8,620 points in January. The Qatari bourse ranked the 2nd in terms of GCC market index performance, …
Trading Activities
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, …
Sector Reports
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 …
Companies Investments
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 …
Financial Results
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 …
Companies Investments
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 …
Companies Investments
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 …
Financial Results
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 …
Companies Investments
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 …
Trading Activities
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 …
Companies Investments
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 …
Companies Investments
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 …
Companies Investments
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 …
Trading Activities Global Indices
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 …
Trading Activities
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. …
Banking and Finance
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 …
Companies Investments
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. …