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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 …
Mergers and Acquisitions
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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 …
Management Decisions
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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 …
Management Decisions
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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, …
Global Economy
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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
Saudia
2 April 2025 06:08 PM Saudia launches flights to Athens, to introduce new departure airport in June
Riyadh – Mubasher: Saudi Arabia’s national flag carrier Saudia has launched seasonal flights to Athens in Greece from Riyadh, according to a press release. The inaugural flight, SV195, took off from King Khalid International Airport on 2 April …
Companies Investments
Ras El-Hekma
1 April 2025 05:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma
Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …
Real estate
JINGDONG Logistics
1 April 2025 03:40 PM JINGDONG Logistics expands operations in MENA
Mubasher: JINGDONG Logistics, also known as JD Logistics, has expanded its presence in the Middle East with five warehouses and beyond in parts of North Africa, according to a press release. The Chinese supply chain management company established …
Global Economy
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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 …
Macroeconomics
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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 …
Management Decisions
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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 …
Global Economy
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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 …
Global Economy
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3 July 2025 00:42 PM ADGM-based Ruya Partners secures $55m for fiber production plant in Saudi Arabia
Mubasher: Abu Dhabi Global Market (ADGM)based private credit fund manager Ruya Partners secured a $55 million (SAR 206 million) private credit investment to fund the development of an innovative hygiene nonwoven fiber production plant in Yanbu, …
Companies Investments
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3 July 2025 09:11 AM Ninja closes $250m funding, plans IPO on Tadawul by 2027
Riyadh - Mubasher: Saudi q-commerce startup Ninja has raised $250 million in a funding round led by Riyad Capital, reaching a $ 1.50 billion valuation. The fundraising transaction anchors the platform’s status as the Kingdom’s latest tech unicorn, …
Global Economy
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2 July 2025 07:15 PM Oriental Weavers launches world’s 1st phygital carpet retail store in Egypt
Cairo - Mubasher: Oriental Weavers has unveiled the OW Haptech store in Mivida, New Cairo, marking the first-ever phygital carpet retail store globally. The store combines physical product exploration with interactive digital technologies, setting …
Companies Investments
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2 July 2025 05:33 PM Etihad Airways expands global network with 3 new destinations
UAE - Mubasher: Etihad Airways added three new destinations to its network in line with its global expansion strategy, according to a press release. The airline will launch flights to Krakow in Poland during December 2025, Salalah in Oman during …
Companies Investments
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2 July 2025 05:01 PM PetroApp closes $50m fund round to accelerate global expansion; IPO plans unveiled
Riyadh - Mubasher: Saudi digital fuel and fleet management platform PetroApp has concluded a $50 million investment round led by Jadwa Investment through its GCC Diversified Private Equity Fund. Bunat Ventures also participated in the fundraising …
Global Economy
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2 July 2025 04:24 PM Cityscape Global 2025 to launch in Riyadh in November
Riyadh – Mubasher: Cityscape Global, the largest real estate exhibition, is set to kick off in Riyadh during 17-20 November 2025, according to a press release. Held under the theme ‘The Future of Urban Living’, the event is sponsored by the …
Real estate
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2 July 2025 03:56 PM Saudi PIF tops GCC funds on Global SWF assessment
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) led the GCC funds, which manage $5.90 trillion in assets, recording a score of 100% this year, according to Global SWF’s governance, sustainability, and resilience (GSR) report. The fund, which …
Companies Investments
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2 July 2025 01:34 PM KAPSARC launches 1st brand refresh since 2016
Riyadh - Mubasher: The King Abdullah Petroleum Studies and Research Center (KAPSARC) has announced its first brand rebranding since its establishment in 2016. This marks a pivotal step in the center’s evolution as a leading advisory think tank in …
Global Economy
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2 July 2025 01:11 PM Arabian Drilling unveils 4-rig contract extensions with Aramco for SAR 1.3bn
Riyadh – Mubasher: Arabian Drilling secured contract extensions for four of its rigs with Saudi Aramco, with a combined backlog value of SAR 1.37 billion and durations ranging between one to 10 years. This milestone boosts the company's current …
Companies Investments