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23 September 2025 09:14 AM Arada enters UK market via acquisition of 75% stake in Regal
UAE - Mubasher: Dubai-based master developer Arada has completed the acquisition of a 75% stake in Regal, one of London’s leading residential-led mixed use developers, according to a press release. Arada has also committed an initial GBP 500 …
Real estate
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23 September 2025 08:26 AM World Bank inaugurates regional office in Riyadh
Riyadh - Mubasher: The World Bank has opened a new regional hub in Riyadh to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region, according to a press release. The Riyadh hub will be co-located with the World Bank …
Global Economy
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22 September 2025 02:22 PM Orascom Construction, OCI Global eye merger to establish global infrastructure, investment platform
Mubasher: OCI Global and Orascom Construction are pursuing a potential merger to establish a global infrastructure and investment platform headquartered in Abu Dhabi. Under the merger, the two entities intend to build a diversified platform …
Companies Investments
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22 September 2025 00:49 PM EFG Hermes concludes advisory on Jamjoom Fashion’s IPO
Mubasher: EFG Hermes, an EFG Holding company, has advised on Jamjoom Fashion Trading Company’s initial public offering (IPO) and listing on the Parallel Market (Nomu) of the Saudi Exchange. For the first time, EFG Hermes acted as both sole …
Trading Activities
Rami Suliman and Ahmed Banafa, Founders of Bynow
22 September 2025 10:27 AM Merak Capital invests $1.2m in Bynow to foster regional expansion
Riyadh - Mubasher: Merak Capital has invested $1.20 million in Saudi fintech Bynow to boost product development and regional expansion. The funding will allow Bynow to streamline business-to-business (B2B) payments in line with Saudi Vision 2030 …
Global Economy
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22 September 2025 08:57 AM Saudi P2P lending platform MoneyMoon secures $2.9m pre-series A round
Riyadh - Mubasher: MoneyMoon has closed a $2.90 million (SAR 11 million) pre-series A round led by Core Vision, with backing from family offices and angel investors. The funding will enhance technology, expand access to instant short-term …
Global Economy
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22 September 2025 08:34 AM Najm, Elm forge partnership at Money20/20 Middle East conference
Riyadh - Mubasher: Najm for Insurance Services has signed a cooperation deal with Elm Company on the sidelines of the Money20/20 Middle East conference to enhance the quality of services provided to beneficiaries. The two parties will join forces …
Event
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21 September 2025 03:46 PM Valu, MobileMasr launch Egypt’s 1st P2P BNPL solution
Cairo - Mubasher: U Consumer Finance (Valu)  has joined forces with MobileMasr to launch the first peer-to-peer (P2P) buy-now, pay-later (BNPL) service for pre-owned smartphones in Egypt, according to a press release. The services enable …
Companies Investments
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21 September 2025 02:52 PM Saudi fintech Bwatech secures $16m funding with Sharaka Financial
Riyadh - Mubasher: Saudi fintech Bwatech has raised SAR 60 million ($16 million) in a funding round led by Sharaka Financial. The investment will accelerate Bwatech’s growth and expand its presence in the Saudi market, strengthening corporate and …
Companies Investments
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21 September 2025 02:13 PM Farabi Petrochemicals launches $950m LAB facility in Saudi Arabia
Riyadh - Mubasher: Farabi Petrochemicals Company has inaugurated its fourth integrated Linear Alkyl Benzene (LAB) plant in Saudi Arabia, with a $950 million investment, according to a press release. Located in Yanbu Industrial City, the world’s …
Companies Investments
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21 September 2025 01:58 PM Sindbad Tech closes SAR 18m seed round during Money 20/20 Middle East
Riyadh - Mubasher: Saudi fintech Sindbad Tech has raised SAR18 million ($4.80 million) in a seed round led by Alkhabeer Capital on the sidelines of the Money 20/20 Middle East conference. The funding will be used to scale its fintech solutions, …
Companies Investments
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21 September 2025 01:01 PM UAE-based Armoir closes $500,000 seed to boost global reach
UAE - Mubasher: Luxury luggage startup Armoir has raised $500,000 in a seed funding round led by Salica Oryx Fund, with participation from Plus VC and global angel investors. The funds will be used to launch new collections, expand across the MENA …
Global Economy
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21 September 2025 10:14 AM Saudi Arabia UAE lead space investments in GCC with $663m
Mubasher: Saudi Arabia, the UAE, and Qatar topped the GCC region’s civil space investments, contributing to the region’s emergence as a hub for space innovation and ambition. The Middle East and Africa (MEA) space market is valued at $18 billion, …
Companies Investments
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21 September 2025 09:06 AM Alnima Bank invests in MENA-focused Qashio to enhance financial solutions
Riyadh - Mubasher: Alinma Bank has invested in UAE-based fintech Qashio in line with its commitment to providing advanced services and digital financial solutions to enhance operational efficiency. The partnership will focus on developing a …
Banking and Finance
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21 September 2025 08:34 AM Saudi Nadrah joins UNION Technologies’ $51.3m funding round
Riyadh - Mubasher: US-based advanced manufacturing firm UNION Technologies has raised $51.30 million in financing to expand its software-driven munitions production platform. The transaction witnessed participation from strategic investors, …
Companies Investments
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18 September 2025 07:23 PM EIC’s units pen SAR 1.6bn joint agreements with SEC
Riyadh - Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), have signed a SAR 198.50 million agreement with Saudi Electricity Company (SEC) on 16 September. The 19-month deal covers the supply of …
Companies Investments
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18 September 2025 06:49 PM Riyadh Development’s board approves SAR 0.25/shr dividends for H1-25
Riyadh - Mubasher: The board of Riyadh Development Company approved cash dividends worth SAR 58.48 million, equivalent to 2.50% of the SAR 2.33 billion capital, for the first half (H1) of 2025. Riyadh Development will pay out SAR 0.25 per share to …
Board of Directors
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18 September 2025 06:42 PM Saudi Arabia included in JP Morgan GBI-EM watchlist
Riyadh - Mubasher: Saudi Arabia has been added to JP Morgan’s government bond index for emerging markets (GBI-EM) watchlist, recognizing the Kingdom’s efforts to deepen market liquidity and attract global investors. The inclusion is expected to …
Global Economy
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18 September 2025 06:26 PM Al Omran unveils 3 new key appointments
Riyadh – Mubasher: Al Omran Industrial Trading Company announced Mohammed Omran Al Omran as the board’s Chairman, according to a bourse disclosure. Nasser Mohammed bin Omran was named as the Vice Chairman, while Abdulrahman Mohammed bin Omran was …
Management Decisions
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18 September 2025 04:11 PM PIF acquires 54% in MBC Group for SAR 7.4bn
Riyadh - Mubasher: Istedamah Holding Company, one of the substantial shareholders in MBC Group, sold its 54% stake in the media group to the Public Investment Fund (PIF), according to a bourse filing. Under the deal, the fund acquired 179.55 …
Companies Investments
Shubham Poddar, Founder and CEO of Amaani
18 September 2025 00:28 PM UAE’s Amaani raises $3m seed funding to launch Arab beauty brand globally
UAE - Mubasher: UAE-based beauty and wellness platform Amaani has raised $3 million in seed funding led by Peak XV’s Surge, according to a press release. The company will use the investment for beauty brand, AÏZA, scaling its business across the …
Companies Investments
Malik Alyousef, Co-founder and Chief Operating Officer at Mozn
18 September 2025 11:11 AM Mozon rolls out Payment Intelligence at Money 20/20 Middle East conference
Mubasher: Mozn, a regional leader in enterprise AI technologies, has launched Payment Intelligence, a new product within its flagship FOCAL Enterprise Fraud Management platform, at the Money 20/20 Middle East conference. Payment Intelligence …
Companies Investments
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18 September 2025 11:03 AM ADES Holding increases cash offer in Shelf Drilling merger
Riyadh - Mubasher: ADES Holding Company, ADES International Cayman (BidCo), and Shelf Drilling have revised the terms of the proposed cash merger, increasing the offer to NOK 18.50 per share. The revised offer has secured irrevocable commitments …
Mergers and Acquisitions
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18 September 2025 09:56 AM First Mills to acquire majority stake in Kenan Arabian for SAR 48m
Riyadh - Mubasher: First Milling Company (First Mills) signed a binding agreement to acquire 60% of Kenan Arabian Trading Company for SAR 48 million on 15 September. Subject to regulatory approvals and customary conditions, the transaction covers …
Companies Investments
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18 September 2025 09:40 AM Ladun inks SAR 446m development agreement with NHC
Riyadh - Mubasher: Ladun Investment Company has signed a SAR 446 million sub-development contract with the National Housing Company (NHC) on 16 September 2025. The contract aims to develop more than 400 residential villas in the Al-Mashraqia …
Companies Investments