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Founders of Huspy
9 July 2025 01:04 PM Huspy secures $59m funding to scale regional presence
UAE – Mubasher: Huspy, the UAE and Spain-based proptech company, has raised $59 million in a Series B round led by Balderton Capital, according to a press release. The transaction witnessed the participation of Peak XV, ExBorder Partners, Turmeric …
Companies Investments
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9 July 2025 00:13 PM NWC to implement 38 water, sanitation projects for SAR 2bn
Riyadh – Mubasher: The National Water Company (NWC) started executing 38 water and sanitation projects in the Asir region of the Southern Cluster at a combined value of SAR 2 billion. These projects include the construction of lines and networks …
Companies Investments
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9 July 2025 10:58 AM Dar Al Arkan unveils 2 key appointments
Riyadh - Mubasher: Dar Al Arkan Real Estate Development Company named Yousuf Abdullah Al Shelash as the board’s Chairman for the next four years. Hathloul Saleh Al Hathloul was announced as the Vice Chairman, according to a bourse filing. They …
Corporate Actions
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9 July 2025 10:10 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 as of 8 July 2025. …
Companies Investments
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9 July 2025 09:40 AM Alpaca, Kuwait-based ZAD boost Shariah-compliant investments globally
Mubasher: Alpaca, a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, and fixed income, partnered with Kuwait-based digital investment platform ZAD to expand access to Shariah-compliant investment …
Global Economy
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8 July 2025 09:23 PM MENA-focused Mashreq Bank backs AGSI’s green steel via AED 126m
Dubai - Mubasher: Mashreq Bank has extended a AED 126 million sustainable financing facility to Arabian Gulf Steel Industries (AGSI), according to a press release. The green loan will accelerate AGSI’s sustainability agenda and support its …
Global Economy
Photo Archive
8 July 2025 07:18 PM eXtra posts 10.5% higher revenues in H1-25; profits near SAR 228m
Riyadh – Mubasher: United Electronics Company (eXtra) recorded net profits worth SAR 227.90 million in the first half (H1) of 2025, up 13.68% from SAR 200.47 million in H1-24. The sales hiked by 10.35% year-on-year (YoY) to SAR 3.86 billion in …
Financial Results
Founders of Rekaz
8 July 2025 06:02 PM Rekaz closes $5m seed to expand AI-driven tools in GCC region
Riyadh- Mubasher: Saudi SaaS startup Rekaz has raised $5 million in seed funding to scale its operating system for service-based businesses, such as gyms, salons, and mobile providers. The funding round was led by COTU Ventures, with participation …
Companies Investments
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8 July 2025 05:18 PM icogz raises $1.4m pre-seed funding to expand business in MENA, Asia
UAE - Mubasher: icogz, a UAE-based provider of AI-native business intelligence and analytics solutions, has raised $1.40 million in pre-seed funding to accelerate regional expansion. The transaction was backed by angel investors and syndicates …
Global Economy
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7 July 2025 05:36 PM Ladun’s subsidiary pens SAR 90.5m deal for Abha Walk project
Riyadh – Mubasher: Built Industrial Company, a unit of Ladun Investment Company, inked a SAR 90.46 million contract with Arab Markets Company to develop the Abha Walk project. The mixed-use building project is located on King Fahd Road in the city …
Companies Investments
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7 July 2025 04:31 PM Nayifat Finance rolls out 5-year strategy to drive sustainable growth
Riyadh- Mubasher: Nayifat Finance Company has launched its new five-year strategy until 2030, planning to foster its position in the financing sector and actively contribute to achieving the goals of Saudi Vision 2030. The company aims to enable …
Companies Investments
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7 July 2025 07:28 AM AD Ports, Ningbo Zhoushan Port to establish auto logistics ecosystem
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) partnered with Zhejiang Provincial Seaport Investment and Operation Group Company Limited (Ningbo Zhoushan Port Group)to establish a comprehensive automotive logistics ecosystem project. The …
Companies Investments
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7 July 2025 06:22 AM Juhayna partners with Saudi Al Rashed Distribution to expand business
Cairo – Mubasher: Juhayna Food Industries has been cooperating with Al Rashed Distribution Company in Saudi Arabia in line with its business strategy of targeting new markets. Juhayna currently exports its products to 48 countries, while entering …
Companies Investments
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7 July 2025 06:18 AM EFG Hermes advises on $190m investment in Alameda to fuel regional expansion
Mubasher: EFG Hermes, an EFG Holding Company, has acted as the sole M&A financial advisor on the signing of binding agreements for a $190 million minority stake investment in Alameda Healthcare by Development Partners International (DPI). Its …
Companies Investments
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7 July 2025 06:11 AM MESC Cable names new Chairman, Vice Chairman
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) appointed Yahya Ibrahim Al Qunaibit as the board’s Chairman for the next four years. Mohammed Abdulaziz Al Namlah was named as the Vice Chairman, according to a bourse filing. The …
Board of Directors
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6 July 2025 08:02 PM Nadec’s unit launches SAR 2bn livestock project to boost local meat production
Riyadh - Mubasher: Al-Ra’i National Livestock Company, a subsidiary of the National Agricultural Development Company (Nadec), launched a SAR 2 billion project in the Hail region. The intensive livestock farming and meat production project includes …
Companies Investments
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6 July 2025 07:32 PM Knowledge Economic City inks over SAR 399m development, leasing deal
Riyadh - Mubasher: Knowledge Economic City Company inked a SAR 399.32 million development and leasing agreement with Riyadh Schools Holding Company, a subsidiary of Mohammed bin Salman's non-profit foundation (MiSK Foundation). The partnership …
Companies Investments
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6 July 2025 06:14 PM SISCO Holding’s CEO Suleimani resigns
Riyadh - Mubasher: The board of Sustained Infrastructure Holding Company (SISCO Holding) has accepted the resignation of CEO Khaled Abdulghani Suleimani, effective on 30 June 2025. The decision was made on 4 July 2025 due to personal reasons and …
Board of Directors
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6 July 2025 01:37 PM Beltone Holding launches MENA-focused unit Robin to boost AI growth
Cairo - Mubasher: Beltone Holding has launched a wholly owned subsidiary specializing in data science and AI called Robin, according to a press release. The launch aligns with Beltone’s strategic vision to empower organizations with intelligent, …
Companies Investments
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6 July 2025 10:57 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 as of 2 July 2025. …
Banking and Finance
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6 July 2025 08:51 AM Almarai sees 5% higher profits in H1-25; sales exceed SAR 11bn
Riyadh – Mubasher: Almarai Company logged net profits amounting to SAR 1.37 billion in the first half (H1) of 2025, an annual growth of 5.04% from SAR 1.31 billion. The revenue climbed by 4.16% year-on-year (YoY) to SAR 11.05 billion in H1-25 from …
Financial Results
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3 July 2025 06:16 PM Saudi Arabia’s PMI up to 57.2 in June; non-oil sector hits 3-month high
Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia jumped to 57.2 during June 2025 from 55.8 last May, according to Riyad Bank’s latest data. The index, which was higher than the long-run average …
Sector Reports
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3 July 2025 03:10 PM Al Jouf Cement, Riyadh Development announce key appointments
Riyadh – Mubasher: Al Jouf Cement Company appointed Ahmed bin Mohammed Al Falih and Hani bin Sulaiman Al Saleh as the board’s Chairman and Vice Chairman, respectively.   The two officials will remain in position for the current board term that …
Board of Directors
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3 July 2025 02:56 PM Nasdaq-listed DeFi Technologies launches UAE office to expand into MENA
UAE - Mubasher: DeFi Technologies, a financial technology company bridging the gap between traditional capital markets and decentralized finance (DeFi), has launched business in the UAE. The company expanded in the GCC and MENA region with the …
Companies Investments
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3 July 2025 01:30 PM Flawless closes $1.5m pre-seed funding to expand business
Riyadh – Mubasher: Flawless, a Saudi digital platform offering AI-powered career guidance, has secured $1.50 million in a pre-seed funding round backed by a group of regional angel investors. The investment will be used to advance the platform’s …
Companies Investments