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21 May 2025 05:08 PM NMDC Energy to expand business in UAE, Saudi Arabia via joint deal
Abu Dhabi – Mubasher: NMDC Energy has signed a memorandum of understanding (MoU) to explore collaboration with Shanghai Hilong Shine New Materials Company Limited to establish a joint venture (JV) in the UAE and Saudi Arabia. The two sides inked …
Companies Investments
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21 May 2025 00:47 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 the …
Banking and Finance
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21 May 2025 00:24 PM Saudi spacetech SARsatX raises $2.6m funding round
Riyadh – Mubasher: SARsatX, a Saudi-based space technology startup specializing in Synthetic Aperture Radar (SAR), closed a $2.6 million seed funding round, led by TONOMUS and  Wa’ed Ventures, the $500 million venture capital arm of Aramco. Access …
Companies Investments
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21 May 2025 09:38 AM Sinad Holding extends, raises facility deal with SAIB
Riyadh – Mubasher: Sinad Holding Company renewed and increased its Sharia-compliant banking facilities agreement with the Saudi Investment Bank (SAIB) at a value of SAR 400 million. Sinad Holding renewed its existing short-term facilities of SAR …
Companies Investments
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21 May 2025 09:22 AM CMA approves ACWA Power’s capital raise
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike request of ACWA Power Company through the issuance of rights shares valued at SAR 7.12 billion. The Saudi power giant submitted the increase request in December 2024, …
Management Decisions
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21 May 2025 08:55 AM Emirates Stallions expands GCC footprint via purchase deal in Saudi Arabia
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) has secured a 16-year agreement for the usufruct rights of 13,000 square meters of warehouse space in Saudi Arabia, according to a press release. Through its subsidiary Vision Furniture & …
Companies Investments
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21 May 2025 08:42 AM Almarai’s subsidiary Beyti drives sustainability via EGP 1.8bn loan from HSBC Bank
Mubasher: Beyti, an Almarai Company subsidiary, has secured a sustainable linked loan agreement amounting to EGP 1.80 billion from HSBC Bank, according to a press release. The loan aligns with Beyti’s commitment to driving sustainability, reducing …
Banking and Finance
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20 May 2025 08:00 PM Aldar becomes MENA’s 1st developer to use EMSTEEL’s hydrogen-based steel rebar
Abu Dhabi – Mubasher: Aldar Properties is set to become the first developer in the MENA region to implement hydrogen-based steel rebar in a development project, according to a press release. Supplied by  EMSTEEL Building Materials, the steel will …
Global Economy
Al Ansari Exchange and UnionPay International at Seamless 2025
20 May 2025 07:28 PM Al Ansari Exchange, UnionPay sign deal at Seamless Middle East 2025 to launch MoneyExpress remittance service
Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services, has entered into an agreement with UnionPay International during Seamless Middle East 2025 to launch MoneyExpress remittance service in the UAE.  The partnership …
Event
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20 May 2025 05:50 PM Qassim Cement to disburse 8% of capital as dividends for Q1-25
Riyadh – Mubasher: Qassim Cement Company announced cash dividends to its shareholders amounting to SAR 87.80 million, representing 8% of the capital, for the first quarter (Q1) of 2025. Qassim Cement will disburse a dividend of SAR 0.80 per share …
Financial Results
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20 May 2025 11:58 AM Saudi Ground Services obtains SAR 300m loan from Banque Saudi Fransi
Riyadh - Mubasher: Saudi Ground Services Company inked a sharia-compliant bank facility agreement worth SAR 300 million with Banque Saudi Fransi on 15 May 2025, according to a bourse disclosure. The loan is valid until 30 April 2026, which is …
Banking and Finance
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20 May 2025 10:44 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 the …
Banking and Finance
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20 May 2025 09:11 AM TMG Holding boosts regional expansion via development deal with Oman
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …
Real estate
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20 May 2025 08:42 AM Alujain Corporation unveils SAR 52m dividends for Q1-25
Riyadh – Mubasher: The board members of Alujain Corporation approved interim cash dividends to its shareholders valued at SAR 51.90 million for the first quarter (Q1) of 2025. The company will pay out a dividend of SAR 0.75 per share for 69.20 …
Board of Directors
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19 May 2025 09:05 PM BASF Agricultural Solutions has Babouih as Country Manager for Egypt, Middle East
Cairo – Mubasher: BASF Agriculture Solutions, a business unit of the chemical entity BASF, has appointed Youssef Babouih as Country Manager for its operations in Egypt and the Middle East, effective February 2025, according to a press release. …
Corporate Actions
PIF Directors’ Gathering
19 May 2025 08:50 PM PIF holds 2nd with presence of 1,000 global board members, executives
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has held the second edition of the PIF Directors’ Gathering, bringing together more than 1,000 directors and executives from Saudi Arabia and around the world in the Kingdom’s capital. …
Event
Seamless Middle East 2025
19 May 2025 08:27 PM Seamless Middle East 2025 to kick off in UAE with 25,000 attendees
UAE – Mubasher: The region’s flagship event for payments, fintech, and digital commerce Seamless Middle East will launch on Tuesday, 20 May 2025, in Dubai. Approximately 25,000 people will attend the regional event for three days until 22 at Dubai …
Event
Aman Holding
19 May 2025 04:45 PM Aman Holding announces regional deals, EGP 6.4bn revenues in 2024, capital raise by end of Q1-25
Cairo – Mubasher: Fintech group Aman Holding, a subsidiary of the listed Raya, has achieved revenues of EGP 6.40 billion in 2024, marking a 41% increase compared to 2023. The company also unveiled a revenue of EGP 1.70 billion in the first quarter …
Financial Results
Saudi Arabia’s Public Investment Fund
19 May 2025 03:49 PM Saudi PIF adds to global expansion via new subsidiary office
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has launched a new subsidiary company office in Paris, as part of a plan to expand its global presence while deepening ties in France which represents a priority international market. …
Global Economy
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19 May 2025 01:31 PM Space42 launches first-of-kind HAPS manufacturing center in MENA
Abu Dhabi – Mubasher: Mira Aerospace, a subsidiary of Space42, has opened MENA’s first High Altitude Platform Stations (HAPS) manufacturing facility in Abu Dhabi, according to a press release. Spanning 4,500-square-meter land plot, the new center …
Global Economy
Photo Archive
19 May 2025 00:52 PM Prices of investment funds including certificates in EGP, USD – Updated
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 …
Mutual Funds
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18 May 2025 05:16 PM Yanbu Cement sees 49% lower net profits in Q1-25
Riyadh – Mubasher: Yanbu Cement Company logged net profits worth SAR 29.91 million in the first quarter (Q1) of 2025, marking a 48.70% drop from SAR 58.31 million in Q1-24. Revenues grew by 9.93% year-on-year (YoY) to SAR 266.44 million in Q1-25 …
Financial Results
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18 May 2025 05:04 PM Northern Region Cement’s profit fall 85% in Q1-25
Riyadh – Mubasher: The net profits of Northern Region Cement Company shrank by 84.83% to SAR 7.83 million in the first quarter (Q1) of 2025 from SAR 51.62 million in Q1-24. The revenues grew by 4.25% year-on-year (YoY) to SAR 145.05 million in …
Financial Results
Photo Archive
18 May 2025 04:38 PM GACO suffers higher net losses at SAR 3.5m in Q1-25
Riyadh - Mubasher: Al Gassim Investment Holding Company (GACO) incurred net losses worth SAR 3.48 million in the first quarter (Q1) of 2025, marking an annual increase of 98.36% from SAR 1.75 million. The revenues declined by 7.69% year-on-year …
Financial Results
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18 May 2025 04:37 PM Al Arabia’s net profits exceed SAR 48m in Q1-25
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) recorded SAR 48.22 million in net profit during the first quarter (Q1) of 2025, an annual plunge of 52.16% from SAR 100.82 million. The revenues witnessed an annual growth of …
Financial Results