Riyadh - Mubasher: ACWA Power company has received commercial operation certificates for three major solar projects in Saudi Arabia, holding a 50.10% stake in each, according to separate press releases. In the Qassim Region, Nawwar Renewable …
Abu Dhabi - Mubasher: Presight AI Holding is hosting its first-ever AI-Startup Accelerator Bootcamp in Abu Dhabi, gathering 10 startups globally to scale real-world AI solutions. During the three-day event, the startups will embark on a rigorous …
Riyadh - Mubasher: The board of Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) recommended a capital increase to SAR 677.10 million from SAR 555 million, according to a bourse disclosure. The rise will be implemented through the issuance of …
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Cairo - Mubasher: CI Capital Holding for Financial Investments registered an annual drop in consolidated net profits after tax to EGP 699.28 million in the first half (H1) of 2025, compared to EGP 1.31 billion. Total revenues declined to EGP 4.92 …
Riyadh - Mubasher: Saudi Cable Company has submitted an application to the Capital Market Authority (CMA), on 28 July 2025, to increase its share capital to SAR 466.73 million from SAR 66.73 million. The rise will be executed through a SAR 400 …
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has renewed and amended its Sharia-compliant banking facility with Gulf International Bank, valued at SAR 450 million. The financing was obtained on 14 August 2025 and will remain …
Riyadh - Mubasher: The board of Services Equipment Company proposed cash dividends amounting to SAR 3.60 million, equivalent to 15% of the SAR 50 million capital, for the first half (H1) of 2025. Service Equipment will pay out a dividend of SAR …
Abu Dhabi - Mubasher: Lulu Retail Holdings has opened a new 22,000-square-foot Lulu express store in Nad Al Hammar, Dubai, marking its 112th store in the UAE. The launch is part of the company’s expansion plans and underscores its strong retail …
Riyadh - Mubasher: Jahez International Company for Information System Technology (Jahez) has secured Sharia-compliant credit facilities worth SAR 150 million from the National Bank of Bahrain (NBB). The eight-year financing agreement was signed on …
Riyadh - Mubasher: Jabal Omar Development Company signed a SAR 2 billion Murabaha facility agreement with Al Rajhi Bank to refinance existing debt on better terms. The financing, obtained on 18 August 2025, has a five-year duration with the option …
Cairo – Mubasher: Secure Assets for Fixed Earnings (SAFE), owned by Madinet Masr Housing and Development, plans to establish a real estate investment fund in Saudi Arabia, with a target capital of EGP 300 million. This move aligns with the …
Riyadh – Mubasher: Arabian Drilling extended a one-year deal for all 11 gas land rigs with SLB, with a total contract value between 15% to 20% of the company’s 2024 revenues. During the second quarter (Q2) of 2025, the company announced the …
Riyadh – Mubasher: SHL Finance Company penned a Sharia-compliant banking facility agreement valued at SAR 200 million with The Saudi Investment Bank (SAIB) on 18 August. The five-year loan was secured by a promissory note and assignment of …
Riyadh - Mubasher: Sumou Real Estate Company was awarded a SAR 135 million contract with Diyar Real Estate Development Fund Company on 17 August 2025, according to a bourse filing. Sumou Real Estate will handle the development and execution of …
Riyadh – Mubasher: Umm Al Qura for Development and Construction penned a sale agreement for a plot of land with a land area of 2,671 square meters within Masar Destination in Makkah Al Mukarrama. The company signed the contract with Jazeel …
Riyadh - Mubasher: Qassim Cement Company has signed a $298 million contract with Sinoma International Engineering to establish its fourth production line at the company’s existing plant site in Buraydah City. The new line will have a production …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco)has signed an $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors. The consortium was led by funds managed by Global …
Cairo – Mubasher: EFG Holding generated EGP 2.86 billion in consolidated net profits after tax during the first half (H1) of 2025, compared to EGP 3.16 billion in H1-24. Revenues amounted to EGP 11.52 billion in H1-25, an annual plunge from EGP …
Riyadh – Mubasher: BinDawood Holding Company posted 14.30% lower net profits at SAR 116.20 million in the first half (H1) of 2025, versus SAR 135.59 million as of 30 June 2024. Revenues hit SAR 3.14 billion as of 31 June 2025, up 8.92% from SAR …
Riyadh – Mubasher: Alandalus Property Company incurred net losses valued at SAR 10.97 million in the first half (H1) of 2025, an annual leap of 67.99% from SAR 6.53 million. The sales retreated by 1.21% to SAR 110.35 million in H1-25 from SAR …
Cairo – Mubasher: U Consumer Finance (Valu) recorded 64% year-on-year (YoY) higher net income at EGP 341 million during the first half (H1) of 2025, according to the financial results. The gross revenue hiked by 94% YoY to EGP 2.60 billion at the …
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) shifted to net losses valued at SAR 108.45 million in the first half (H1) of 2025, against net profits of SAR 148.14 million in H1-24. Revenues stood at SAR 974.04 million in …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) logged net profits totaling SAR 168.39 million in the first half (H1) of 2025, up 19.48% year-on-year (YoY) from SAR 140.92 million. The Tadawul-listed company generated …
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) shifted to net profits valued at SAR 229.60 million in the first half (H1) of 2025, against net losses of SAR 11.30 million in H1-24. The Tadawul-listed company posted a 37.93% year-on-year …
