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Al Ramz Corporation Investment and Development
4 hours ago Al Ramz Corporation unveils IPO for 2 GCC investment funds
Dubai - Mubasher: Al Ramz Corporation Investment and Development announced the initial public offering (IPO) of two new open-ended GCC investment funds, expanding its asset management platform across fixed income and equity strategies. The …
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4 hours ago Cherry Trading wins SAR 61.5m vehicle leasing project
Riyadh - Mubasher: Cherry Trading Company has secured a vehicle leasing project from the Riyadh Municipality, with a total value of SAR 61.40 million. The project, awarded on 19 April 2026, involves leasing 922 vehicles to the Riyadh Municipality …
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07:48 AM Prices of investment funds including certificates in EGP, USD
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 and the price of each certificate in EGP, except for Azimut …
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07:12 AM Aya closes $7m funding round co-led by PIF’s Sanabil Investments
Riyadh - Mubasher: Saudi e-commerce platform Aya has raised $7 million (SAR 26 million) in a Series A round led by RAED Ventures, according to a press release. Sanabil Investments, a wholly owned company of PIF, participated in the transaction …
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19 April 02:36 PM SISCO Holding names Zuazua as new CEO
Riyadh - Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) announced Mauricio Zuazua as its new CEO, effective on 19 April 2026.  The board approved the appointment based on a recommendation from the Nominations and Remunerations …
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19 April 01:55 PM Miahona to pay out SAR 0.15/shr dividends for 2025
Riyadh - Mubasher: The board members of Miahona Company recommended the distribution of SAR 24.13 million in cash dividends for 160.92 million eligible shares for 2025. The Tadawul-listed company will disburse SAR 0.15 per share, representing 15% …
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19 April 12:21 PM Maharah’s board unveils dividends for H2-25; capital increase proposed
Riyadh - Mubasher: The board members of Maharah Human Resources Company approved the distribution of SAR 58.63 million in cash dividends, representing 13% of its SAR 475 million capital, for the second half (H2) of 2025. The Saudi company will …
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19 April 11:10 AM Prices of investment funds including certificates in EGP, USD
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 and the price of each certificate in EGP, except for Azimut …
Rabigh 2 IPP
19 April 10:27 AM Acwa, Saudi Energy pen SAR 11.5bn agreement for Rabigh 2 IPP expansion project
Riyadh - Mubasher: Acwa Power Company and Saudi Energy Company inked a SAR 11.50 billion power purchase agreement (PPA) with Saudi Power Procurement Company for the Rabigh 2 Independent Power Plant (IPP) expansion project. The agreement covers the …
Tabby
19 April 08:13 AM CBUAE grants Tabby SVF license to promote financial products across GCC
UAE - Mubasher: The Central Bank of the UAE (CBUAE) licensed Tabby to introduce a new suite of financial products, including spending accounts, cards, and money management tools, according to a press release. The stored value facilities (SVF) …
Aldar
19 April 07:24 AM Aldar secures AED 5bn sustainability-linked facility backed by regional, int'l lenders
Abu Dhabi – Mubasher: Aldar Properties has closed an AED 5 billion ($1.36 billion) five-year syndicated sustainability-linked revolving credit facility (RCF), according to a press release. The transaction witnessed the participation of 10 major …
Founders of Ray
19 April 07:02 AM Dubai-based Ray closes $1.2m funding round to fuel GCC expansion
UAE - Mubasher: Dubai-based powerbank-sharing startup Ray has raised a $1.20 million seed round from private investors, including Meirambek Abelkasov and Serik Uspanov, co-founders of JET. The startup will use the fresh capital to expand its …
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19 April 06:56 AM Hassan Allam to expand wastewater projects in MENA region via acquisition deal
Cairo - Mubasher: Hassan Allam has agreed to acquire MetiPro, the engineering, procurement, and construction arm of the Metito Group, to advance water and wastewater projects in the region. The transaction aligns with the group’s objectives to …
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19 April 06:44 AM Dar Global secures $250m facility from Emirates NBD to back global expansions
Dubai - Mubasher: Emirates NBD has executed a $250 million syndicated term loan for London-listed luxury international real estate developer Dar Global, according to a press release. Dar Global, which is majority owned by Dar Al Arkan Real Estate …
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16 April 05:02 PM Avalon Pharma appoints new leadership team
Riyadh - Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) named Ahmad Shaher Al Tabbaa as the board’s Chairman for the next four years. The ordinary general meeting (OGM), which was held on 9 April 2026, also resolved to …
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16 April 04:40 PM ANB names new Chairman, Vice Chairman
Riyadh - Mubasher: Arab National Bank (ANB) announced Salah Rashid Al Rashed as the board’s Chairman for a three-year term ending on 31 March 2029. The board members of ANB also appointed Abdulmohsen Ibrahim Al Touq as the Vice Chairman for the …
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16 April 04:10 PM Kingdom Holding signs deal with PIF for majority stake in Al Hilal Club at SAR 1.2bn equity valuation
Riyadh - Mubasher: Kingdom Holding Company has inked a share sale and purchase agreement with the Public Investment Fund (PIF) to acquire a 70% equity in Al Hilal Club Company for an equity valuation of SAR 1.20 billion. Kingdom Holding will pay …
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16 April 03:02 PM Cherry Trading inks SAR 30m contract with SFDA
Riyadh - Mubasher: Cherry Trading Company has signed a vehicle leasing contract with the Saudi Food and Drug Authority (SFDA) at a total value of SAR 30.16 million. The contract was signed on 15 April 2026, covering the leasing of 275 vehicles for …
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16 April 02:30 PM Academy of Learning secures nearly SAR 114m Islamic funding from Riyad Bank
Riyadh - Mubasher: Academy of Learning Company has obtained credit facilities compliant with Islamic Sharia provisions from Riyad Bank at a total value of SAR 113.75 million. The facilities hold a duration of up to six years, including a one-year …
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16 April 01:39 PM Jarir’s net profits jump nearly 17% in Q1-26 estimated financials
Riyadh - Mubasher: Jarir Marketing Company, also known as Jarir Bookstore, generated SAR 253.50 million worth of net profits attributable to the shareholders during the first quarter (Q1) of 2026, according to the estimated income statement. The …
PIF
16 April 05:11 AM PIF’s board approves 2026-2030 strategy to maximize returns, attract global investments
Riyadh - Mubasher: The board of the Saudi Public Investment Fund (PIF) approved the 2026-2030 strategy, which focuses on delivering competitive domestic ecosystems to connect sectors and unlock the full potential of strategic assets. The outlined …
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16 April 05:09 AM Scientific & Medical Equipment House renews SAR 111m financing agreement with SNB
Riyadh - Mubasher: Scientific & Medical Equipment House Company renewed its SAR 111.21 million facility deal with the Saudi National Bank (SNB) on 15 April, according to a bourse filing. The loan is secured by assignment of contract proceeds, in …
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16 April 05:08 AM Al Yamamah Steel rolls out SAR 126m supply deal
Riyadh - Mubasher: Al Yamamah Steel Industries Company signed a SAR 126 million deal with SEPCO111 Electric Power Construction Company Limited on 15 April 2026, according to a bourse filing. The company will commence supplying steel wind towers to …
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15 April 04:09 PM Al Akaria pens SAR 50m contract with subsidiary Mumtalakat
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) has inked an integrated facilities management services contract valued at SAR 50.11 million with its 60%-owned subsidiary, Saudi-Korean Company for Maintenance and Properties Management …
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15 April 03:20 PM Ladun signs MoU with Asbar Capital for SAR 250m development project
Riyadh - Mubasher: Ladun Investment Company has inked a memorandum of understanding (MoU) with Asbar Capital Company to implement a mixed-use real estate development in Riyadh’s Sports Boulevard, Al Munsiyah District. Ladun will serve as the …