Top News

Riyadh – Mubasher: East Pipes Integrated Company for Industry has signed a contract valued at more than SAR 170 million with Saudi Arabian Oil Company (Aramco) on 6 December 2023. Upon the terms of the deal, East Pipes Integrated will provide …

Mubasher: The listed Kuwait International Bank (KIB) has installed a new multi-currency ATM at the Kuwait International Airport to offer a smoother and more integrated experience for its customers without the need to visit any of the KIB’s …

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) signed sale and purchase agreements (SPAs) to acquire a 68% stake in Swiss-based Osmopharm and exit its 76.40% equity in Egypt-based SPIMACO Misr for …

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has teamed up with French energy multinational ENGIE by signing a memorandum of understanding (MoU) agreement during the 28th UN Climate Change Conference of the Parties (COP28) to advance their …

Dubai – Mubasher: The carbon credits trading pilot programme by Dubai Financial Market (DFM) was launched on 5 December 2023, where institutional investors will be able to buy and sell until 11 December. Making its debut at the 28th UN Climate …

UAE – Mubasher: Abu Dhabi’s global tech ecosystem Hub71 has launched Hub71+ ClimateTech as a specialist ecosystem dedicated to endorsing and helping startups across the globe, according to a press release. Meanwhile, the Abu Dhabi National Oil …

Mubasher: The Arab Petroleum Investments Corporation (APICORP) is rebranding as The Arab Energy Fund as part of its visionary 2023-2028 strategy to serve the redesigned business approach, which is focused on long-term growth and impact, according …

Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) rose by 0.27% on Wednesday and ended the trading session at 11,174,02 points. TASI’s turnover amounted to SAR 5.78 billion through the exchange of 243.73 …

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) announced plans to lend, invest, and facilitate more than AED 500 billion ($135 billion) in sustainable and transition financing by 2030. The target marks an 80% increase compared with FAB’s 2021 …

Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia dropped to 57.5 in November 2023 from 58.4 in October this year. The lower reading was attributed to moderations in the rate of staff and …

Riyadh – Mubasher: Amwaj International Company will distribute cash dividends of SAR 9 million to its shareholders for the first half (H1) of 2023 upon a recommendation by the board members on 14 November 2023. The amount represents 15% of the …

Riyadh – Mubasher: Halwani Bros Company secured a facility deal valued at SAR 150 million from Banque Saudi Fransi on 5 December 2023. The listed company will use the financing to boost its working capital, according to a bourse filing. The …

Abu Dhabi - Mubasher: EasyLease Motorcycle Rental has acquired 60% of Fully Charged, one of the leading companies in the manufacture, supply, and installation of chargers for various types of electric vehicles (EV). The ADX-listed company …

Mubasher: National Mobile Telecommunications Company (Ooredoo), Mobile Telecommunications Company (Zain Group), and TASC Towers Holding joined forces to create the largest tower firm in the MENA region. Under a cash and share deal, the joint tower …

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) announced that its CEO, Yahiya bin Mohammed Al Shangiti, will step down from his position on 31 December 2023 due to the expiration of his employment contract. The company will delegate …

Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) went down by 0.25% and closed Monday’s trading session lower at 11,191,39 points. TASI’s turnover reached SAR 5.41 billion through the exchange of 234.76 …

Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has entered into a definitive agreement to acquire a minority stake in Rocco Forte Hotels, according to a press release. Under the agreement, the Italian entity CDPE Investimenti (CDPEI) …

Riyadh – Mubasher: Buruj Cooperative Insurance Company appointed Bader bin Saad Al Ghunaim as an acting CEO in addition to his current duties for the coming six months. Al Ghunaim succeeded Abdulrahman Al Dokheel, who resigned from his position as …

Riyadh – Mubasher: The shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) agreed to increase its capital by 150% to SAR 1 billion from SAR 400 million. Al Rajhi Takaful will transfer SAR 600 million from the retained …

Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Sunday’s trading session higher by 0.37% at 11,219,02 points. TASI’s turnover hit SAR 4.13 billion through the exchange of 218.12 million shares. Middle …

Riyadh – Mubasher: East Pipes Integrated Company for Industry and Saudi Arabian Oil Company (Aramco) inked a contract at a value exceeding SAR 153 million. East Pipes Integrated will manufacture and supply steel pipes to Aramco for eight months,  …

Riyadh – Mubasher: Arabia Insurance Cooperative Company has named Abdulaziz Saleh Al Omair as the Chairman of the board for the next three years. Muneer Butros Mouasher was announced as the Vice Chairman, according to a bourse disclosure. The two …

Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) expanded its 5G digital services to cover ten additional cities, according to a recent press release. The zero-emission 5G network is currently working in Al Aflaj, Al …