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SRC reportedly completed a dual tenor of seven- and 10-year sukuk issuances
15 April 03:13 PM Fitch assigns Saudi Real Estate Refinance first-time 'A' IDR
Riyadh – Mubasher: Fitch Ratings has placed Saudi Real Estate Refinance Company (SRC) a long-term issuer default rating (IDR) of 'A', with negative outlook. As for the company’s operating performance, Fitch expected SRC's capitalisation to remain …
The activities in oil-exporting coutries are expected to recover in 2021
15 April 01:33 PM IMF expects MENA real GDP to grow 4% in 2021
Mubasher: The International Monetary Fund (IMF) has upgraded its outlook for the real gross domestic product (GDP) growth in the MENA region to 4% in 2021, compared to its October projection of 3.2%. The real GDP growth of the GCC countries is …
Alinma Fund’s termination agreement was signed on 12 November 2020
15 April 12:30 PM Al Akaria liquidates Alinma Fund within two months
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) is working on liquidating and terminating Alinma Fund within two months, according to a disclosure to Tadawul on Thursday. The company is also planning to transfer the ownership of …
The outstanding orders for Aldrees will be cancelled
15 April 12:01 PM Tadawul announces fluctuation limit for Aldrees
Riyadh – Mubasher: The Saudi Exchange (Tadawul) said the fluctuation limit for Aldrees Petroleum and Transport Services Company’s stock will be based on a share price of SAR 60.8, according to a disclosure on Thursday. The outstanding orders will …
The WPI was higher by 0.8% on a monthly basis
15 April 11:56 AM Saudi wholesale price index up 8.7% YoY in March
Riyadh – Mubasher: Saudi Arabia’s Wholesale Price Index (WPI) for March 2021 rose 8.7% year-on-year (YoY), according to the Saudi General Authority for Statistics (GaStat). The WPI was also higher by 0.8% compared with its 7.3% reading for …
Consumer prices continue to reflect the VAT increase
15 April 11:32 AM Saudi Arabia’s inflation registers nine-month low at 4.9% in March
Riyadh – Mubasher: The consumer price index (CPI) of Saudi Arabia registered a 4.9% increase in March 2021 up from the same month last year, official data showed on Thursday. The inflation rate eased compared with its 5.2% reading in February and …
Saudi Re will raise the capital to SAR 891 million
14 April 01:06 PM Saudi Re receives SAMA nod for SAR 81m capital raise
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company obtained on 13 April the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 81 million, according to a disclosure to Tadawul on Wednesday. Saudi Re will raise the …
The dividends will be paid as SAR 0.13 per unit
14 April 10:28 AM Mulkia Gulf Real Estate’s unitholders to get SAR 9m dividends
Riyadh - Mubasher: Mulkia Investment Company announced the distribution of SAR 8.85 million worth of cash dividends to the unitholders of Mulkia Gulf Real Estate REIT Fund for the period from 1 January to 31 March this year. The dividends will be …
Online shopping has become more of a long-term behavior change
13 April 03:18 PM Online shopping in KSA, UAE likely to grow during Ramadan – Report
Riyadh – Mubasher: A greater surge in online shopping is expected to be witnessed during the month of Ramadan, which has just started today on 13 April, a recent survey Checkout.com unveiled. Online spending by consumers in the UAE and Saudi …
Listing on the main market is subject to shareholders and market's approvals
12 April 05:29 PM National Building’s board approves listing on main market
Riyadh – Mubasher: The board of the National Building and Marketing Company nodded on 12 April to move its trading activities to the main market of the Saudi Exchange (Tadawul), according to a disclosure on Monday. Listing on the main market is …
All outstanding orders will be cancelled
12 April 10:53 AM Tadawul announces fluctuation limit for MIS
Riyadh – Mubasher: The Saudi Exchange (Tadawul) said the fluctuation limit for Al Moammar Information Systems Company’s (MIS) stock will be based on a share price of SAR 116.8, according to a statement on Monday. The outstanding orders will be …
Registration will be done through the National Unified Access
11 April 05:56 PM Saudi finance ministry launches e-portal for individual services
Riyadh – Mubasher: The Saudi Ministry of Finance initiated an e-portal for individual services through a mobile application, the Saudi Press Agency reported on Sunday. Registration will be carried out through the National Unified Access. The …
Saudi Academy of Civil Aviation is affiliated to the General Authority of Civil Aviation
11 April 04:00 PM IATA renews accreditation of Saudi Academy of Civil Aviation
Riyadh – Mubasher: The International Air Transport Association (IATA) has reelected the Saudi Academy of Civil Aviation as an accredited international training center (ATC), the Saudi Press Agency reported on Sunday. IATA’s accreditation will …
Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
Arabian Shield will raise the capital by granting bonus shares
11 April 11:37 AM SAMA approves Arabian Shield’s SAR 100m capital raise
Riyadh – Mubasher: The Saudi Central Bank (SAMA) approved Arabian Shield Cooperative Insurance Company's request to increase its capital to SAR 400 million from SAR 300 million through issuing bonus shares, according to a disclosure to Tadawul on …
Ministry of Finance - Saudi Arabia
8 April 05:20 PM Saudi Finance Minister, SAMA Governor participate in G20 meeting
Riyadh – Mubasher: The Saudi Minister of Finance and Acting Minister of Economy and Planning, Mohammed Al Jadaan, and Fahd Al Mubarak, the Governor of the Saudi Central Bank (SAMA) participated in the second G20 Finance Ministers and Central Bank …
Sumou’s number of shares will increase by 12.5 million
8 April 04:45 PM Saudi CMA approves for Sumou SAR 125m capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Sumou Real Estate Company’s request to increase the capital by SAR 125 million from the retained earnings balance. Sumou aims to raise the capital to SAR 375 …
Ipsos' survey showed the 2020 biggest movers ranking
8 April 02:35 PM Listed firms among top 10 most influential brands in Saudi Arabia
Riyadh – Mubasher: Saudi Telecom Company (stc), Almarai, and Al Rajhi Bank were chosen as the top three most influential local brands in Saudi Arabia during 2020, according to a recent survey by Ipsos. Jarir Bookstore and Etihad Etisalat Company …
Al Mubarak partially attributed the outlook to rebounding oil prices
8 April 01:42 PM Saudi Arabia’s economic recovery seen positive in 2021
Riyadh – Mubasher: Saudi Arabia’s economic recovery is likely to be positive this year, Reuters cited Governor of the Saudi Central Bank (SAMA) Fahad Al Mubarak as saying. The official partially attributed the outlook to rebounding oil prices, …
Chubb Arabia aims to increase the capital to SAR 300 million
8 April 12:47 PM SAMA nods to Chubb Arabia’s SAR 100m capital raise
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company received the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 100 million from the retained earnings balance, according to a disclosure to Tadawul on Thursday. The …
L'azurde submitted its request to the CMA in December 2020
7 April 04:27 PM L'azurde obtains regulator’s nod for capital increase
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved L'Azurde Company for Jewelry’s request to raise the capital by SAR 145 million through a rights issue. The increase will be limited to the shareholders registered at the Security …
Lilium provides electric jets that can take off and land vertically
7 April 02:33 PM Future Investment Initiative invests in Lilium
Riyadh – Mubasher: The Future Investment Initiative invested in Lilium under a strategy that aims to develop and leverage sustainable and environment-friendly alternatives for traditional combustion engines in the air travel industry, Saudi Press …
The IMF kept its 2022 economic growth estimates for Saudi Arabia unchanged
7 April 01:37 PM IMF raises Saudi economy growth forecast to 2.9% in 2021
Riyadh – Mubasher: The International Monetary Fund (IMF) revised its economic outlook for Saudi Arabia, expecting 2.9% growth in 2021 instead of the 2.6% projected earlier this year, according to the World Economic Outlook report. The IMF kept its …
An additional $900 billion were spent on online shopping globally
7 April 12:31 PM UAE consumer demand for e-commerce rise by 21% - Report
UAE - Mubasher: The UAE consumers are increasing their e-commerce footprints, registering a 21% annual growth in purchases from online shops to top several global markets such as the US and Canada, according to Mastercard’s “Recovery Insights: …
Jazadco owns 20% of Tabuk’s capital
7 April 11:40 AM Jazadco’s associate, NEOM to develop largest fish farm in MENA
Riyadh – Mubasher: Tabuk Fisheries, an associate of Jazan Energy and Development Company (Jazadco), signed on 6 April a memorandum of understanding (MoU) with NEOM Company to set up the largest fish farm in the MENA region. Jazadco said the …