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8 April 2025 01:14 PM MBC Group’s CEO resigns; Sneesby succeeds
Riyadh - Mubasher: Samuel James Kilion Barnett resigned from his position as the CEO of MBC Group, effective on 30 April 2025. The board appointed Michael John Sneesby as the new CEO, taking over his role on 1 May, according to a bourse statement. …
Corporate Actions
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8 April 2025 00:39 PM eXtra logs SAR 103.5m profits in Q1-25
Riyadh – Mubasher: The net profits of United Electronics Company (eXtra) jumped by 10.12% year-on-year (YoY) to SAR 103.36 million in the first quarter (Q1) of 2025 from SAR 93.86 million. The revenues hit SAR 1.74 billion in the first three …
Financial Results
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8 April 2025 08:50 AM SPIMACO appoints Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) unveiled key appointments for a new board term that will end on 2 April 2029. SPIMACO named Khalid Abdulrahman Alqwaiz as the board’s Chairman for the …
Board of Directors
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8 April 2025 08:37 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 as well as the price of each certificate in EGP, except for …
Global Economy
7 April 2025 07:40 PM Tariffs should have modest impact on MENAT region – Report
Goods and Metals
7 April 2025 05:22 PM Stournaras says Trump’s tariffs could adversely impact Eurozone growth
Global Reports
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7 April 2025 04:26 PM Saudi Ceramics unveils 2 key appointments
Riyadh – Mubasher: Saudi Ceramic Company (Saudi Ceramics) appointed Yousuf Saleh Aba Al Khail as the board’s Chairman for the next four years. The board members also named Abdulaziz Abdulkarim Al Khereiji as the Vice Chairman, according to a …
Corporate Actions
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7 April 2025 04:10 PM 2P Perfect Presentation increases, renews SAR 150m facility deal with Bank Aljazira
Riyadh – Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) raised and renewed a facility agreement valued at SAR 150 million with  Bank Aljazira. The loan is valid from April 2025 till 22 January 2026, …
Companies Investments
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7 April 2025 02:45 PM 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 as well as the price of each certificate in EGP, except for …
Global Economy
Photo Archive
7 April 2025 09:14 AM ACWA Power begins commercial operation at wind power plant in Uzbekistan
Riyadh – Mubasher:  ACWA Power Company has commenced commercial operations at the 500-MW Bash wind power plant in Uzbekistan, according to a bourse disclosure. ACWA Power, which holds a 65% stake in the project, expects that the financial impact …
Companies Investments
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7 April 2025 08:32 AM Tawuniya’s board recommends SAR 225m dividends for 2024
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) announced the board’s recommendation to pay out cash dividends valued at SAR 225 million for 2024. The insurance firm will disburse a dividend of SAR 1.50 per share for 150 …
Board of Directors
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6 April 2025 04:46 PM Emaar The Economic City submits capital hike file to CMA
Riyadh – Mubasher: The board members of Emaar The Economic City (EEC) applied to the Capital Market Authority (CMA) to increase its capital through debt conversion, according to a bourse filing. The transaction will be implemented through …
Companies Investments
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6 April 2025 03:52 PM ADES Holding enters Brazilian market via SAR 319m agreement
Riyadh – Mubasher: ADES Holding Company has entered a charter agreement for its premium jackup rig, Admarine 511, with Constellation Oil Services Holding to execute a contract for Petrobras in Brazil. This agreement marks the Saudi group’s entry …
Global Economy
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6 April 2025 11:34 AM Elm secures SAR 1.9bn loan from SNB
Riyadh – Mubasher: Elm Company penned a Shariah-aligned facility agreement valued at SAR 1.90 billion with The Saudi National Bank (SNB) on 27 March 2025. The Saudi company aims to finance corporate expansion and acquisitions, according to a …
Banking and Finance
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6 April 2025 10:24 AM Entaj’s board mulls SAR 15m cash dividends for 2024
Riyadh – Mubasher: The board of Arabian Company for Agricultural and Industrial Investment (Entaj) recommended cash dividends valued at SAR 15 million for 2024. Entaj will pay out a dividend of SAR 0.50 per share, representing 5% of the share’s …
Cash Dividends
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6 April 2025 09:22 AM Al Arabia, Multiply Group to derive global expansion in advertising sector
Mubasher: Arabian Contracting Services Company (Al Arabia) and Multiply Group's media vertical teamed up to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. The 90-day memorandum of understanding (MoU) will …
Global Economy
3 April 2025 11:44 PM As US tariffs announced, EBA publishes new banks-related reports
Global Markets brief
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3 April 2025 09:42 PM Al Ansari Exchange closely monitoring global currency markets amid new US tariffs
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, stated that it is closely monitoring global currency markets following the recent US tariff announcements by President Donald Trump, according to a press …
Global Economy
3 April 2025 05:22 PM US stocks plummet on Thursday amid tariffs-driven recession fears
Global Markets brief
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3 April 2025 02:45 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 …
Companies Investments
Photo Archive
2 April 2025 06:15 PM Uber, WeRide partner with RTA to bring autonomous vehicles to Dubai
UAE – Mubasher: Uber Technologies and WeRide have teamed up with Dubai’s Road and Transport Authority (RTA) for autonomous vehicles (AVs), yet more details on the launch and next steps for the AVs pilot in Dubai will be announced in the coming …
Companies Investments
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2 April 2025 05:52 PM Ayan Capital secures up to GBP 25m financing, aims to become UK leader in Islamic banking
Mubasher: Ayan Capital, a fast-growing provider of halal vehicle financing, has raised up to GBP 25 million in Sharia-compliant financing facility from institutional debt provider Partners for Growth (PFG). The investment reflects the rising …
Sukuk and Islamic Finance
EDGNEX by DAMAC
2 April 2025 03:14 PM EDGNEX by DAMAC acquires Finland’s Hyperco in step with driving success in region
UAE – Mubasher: EDGNEX Data Centers by DAMAC unveiled the takeover of Finland-founded data centre company, Hyperco. The acquisition contributes to the region's evolving data center landscape, creating new jobs and promoting economic development, …
Mergers and Acquisitions
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1 April 2025 08:51 PM Global firm EXP announces partnership with oil-focused Al Suwaiket
Riyadh – Mubasher: EXP, a global engineering, architecture, design and consulting firm has teamed with Al Suwaiket Group, a leader in supplying products and services to the oil and gas industry, for projects in Saudi Arabia. The EXP Al Suwaiket …
Sector Reports
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1 April 2025 08:26 PM Chemanol incurs 53% higher net losses in 2024
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) suffered net losses worth SAR 272.30 million in 2024. The negative results marked a 53.15% annual increase compared to SAR 177.80 million in 2023, according to the financial results. The …
Financial Results