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22 September 02:38 AM

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21 September 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 …
Banking and Finance
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21 September 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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18 September 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 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 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 …
Corporate Actions
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18 September 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 …
Mergers and Acquisitions
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18 September 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 …
Companies Investments
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18 September 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 …
Mergers and Acquisitions
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18 September 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 …
Real estate
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18 September 09:08 AM Aramco completes $3bn international Sukuk issuance
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has concluded a $3 billion international Sukuk issuance across two tranches, valued at $1.50 billion each. The offering attracted a robust order book with demand from a broad range of top-tier …
Companies Investments
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18 September 06:51 AM Mashreq launches digital retail bank in Pakistan to boost global financial ecosystem
Dubai – Mubasher: Mashreq Bank has officially launched its full-service digital retail bank in Pakistan, marking the first full-scale international deployment of Mashreq’s digital banking platform outside the UAE. Mashreq Bank Pakistan’s …
Banking and Finance
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18 September 06:49 AM Emirates Islamic offers world's 1st sustainability-linked financing Sukuk of $500m
Dubai – Mubasher: Emirates Islamic Bank has successfully priced a $500 million sustainability-linked financing Sukuk, the first globally. The Sukuk attracted a strong demand with $1.20 billion and was oversubscribed 2.4 times, according to a press …
Global Economy
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17 September 04:14 PM solutions, Aramco team up for digital computing infrastructure project
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a framework agreement with Saudi Arabian Oil Company (Aramco) for a digital computing infrastructure project. The deal covers the supplying, installing, and …
Companies Investments
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17 September 12:53 PM Sipchem’s CEO resigns; Al Rushoud takes over
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) accepted the resignation of Abdullah Saif Al Saadoon from his position as the CEO. The members also approved the appointment of Ibrahim Abdulaziz Al Rushoud as …
Corporate Actions
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17 September 09:37 AM Space42, Viasat to launch Equatys JV for global D2D 5G service
Abu Dhabi- Mubasher: Space42 and Viasat, a global leader in satellite and secure communications, plan to form a joint venture (JV) to provide direct-to-device (D2D) services and upgrade mobile satellite services (MSS) to 5G. The venture, known as …
Global Economy
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16 September 05:34 PM Cenomi Retail inks SAR 2.9bn facility deals with Al Futtaim Retail, Emirates NBD
Riyadh - Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) has secured SAR 2.95 billion in new loan facilities, according to two separate bourse disclosures. The package includes a SAR 1.35 billion shareholder loan from Al Futtaim Private …
Companies Investments
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16 September 02:33 PM SHL Finance extends SAR 2.1bn facility agreements with ANB, Bank Albilad
Riyadh - Mubasher: SHL Finance Company renewed Sharia-compliant credit facility deals at a combined value of SAR 2.19 billion with Arab National Bank (ANB)and Bank Albilad on 15 September 2025. The company secured SAR 1.89 billion from ANB for …
Companies Investments
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16 September 10:17 AM Sohar International backs Oman-GCC energy project via $500m financing
Mubasher: Sohar International has signed a $500 million financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the Oman-GCC electrical interconnection project. The venture is a major infrastructure …
Companies Investments
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16 September 09:12 AM SPIMACO inks SAR 200m credit facility agreement with SNB
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) obtained a Sharia-compliant facility worth SAR 200 million from the Saudi National Bank (SNB). The funding, secured on 15 September 2025, will be …
Banking and Finance
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16 September 08:49 AM EIC’s subsidiaries pen SAR 785.5m supply deal with SEC
Riyadh – Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), inked a SAR 785.50 million agreement with Saudi Electricity Company (SEC) on 10 September. Through its subsidiaries, EIC will supply …
Companies Investments
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16 September 08:46 AM Jamjoom Pharma partners with Bio-Thera to secure Cosentyx biosimilar in MENA
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has signed a strategic commercialization agreement with Bio-Thera Solutions Limited, a global biopharmaceutical firm specializing in innovative therapies and biosimilars. …
Companies Investments
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16 September 08:36 AM Zain KSA obtains SAR 5.5bn Mrabaha facility from 5 banks
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) secured a Murabaha facility agreement amounting to SAR 5.50 billion from a consortium of five lenders. The telecom group obtained the loan from Al Rajhi Bank, Arab …
Companies Investments
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11 September 08:08 PM SHL Finance obtains SAR 300m loan from Al Rajhi Bank
Riyadh - Mubasher: SHL Finance Company has signed a Sharia-compliant credit facility agreement with Al Rajhi Bank worth SAR 300 million, according to a bourse filing. In line with its strategy and future plans, the company will use the funding to …
Banking and Finance
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10 September 02:31 PM Riyadh Cables’ board approves SAR 299.5m dividends for H1-25
Riyadh - Mubasher: The board of Riyadh Cables Group Company has approved interim cash dividends of SAR 299.43 million, equivalent to 20% of the company’s SAR 1.50 billion capital, for the first half (H1) of 2025. The Tadawul-listed company will …
Board of Directors
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10 September 10:29 AM CMA greenlights CHUBB Arabia, Saudi Re’s capital raise
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved capital hikes for two Saudi insurers, according to two separate bourse disclosures. CHUBB Arabia Cooperative Insurance Company will raise its capital to SAR 400 million from SAR …
Banking and Finance