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4 hours ago MENA-focused Valu’s net income surges 64% in H1-25

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 …

Financial Results

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14 August 08:48 PM Bitcoin MENA 2025 reaffirms Abu Dhabi as global hub for digital asset innovation – ADNEC’s Al Dhaheri

Mubasher: Bitcoin MENA will take place at the ADNEC Centre Abu Dhabi on 8-9 December 2025, marking a premier event for Bitcoin and cryptocurrency innovation in the Middle East, according to a press release. The two-day event is co-organized by …

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14 August 04:39 PM PIF’s AuM up 19% in 2024; cumulative investments hit $171bn

Riyadh – Mubasher: The assets under management (AuM) of the Public Investment Fund (PIF) jumped by 19% year-on-year (YoY) to $913 billion at the end of 2024, with an annual average total portfolio return of 7.20% since 2017. Total revenue hiked by …

Financial Results

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13 August 11:45 PM Region’s startup accelerator platform Flat6Labs, F6 Ventures launch F6 Group

Cairo – Mubasher: Newly launched seed-stage investment firm F6 Ventures has teamed up with the region's most recognized startup accelerator platform Flat6Labs to inaugurate F6 Group as an entity integrating venture capital (VC) and entrepreneurial …

Companies Investments

AJEX Logistics Services

13 August 07:55 PM Middle East-focused AJEX expands B2C services across GCC countries

Riyadh – Mubasher: AJEX Logistics Services, a Saudi-headquartered Middle East specialist in e-commerce distribution and logistics solutions, has expanded its B2C Full Mile and Last Mile delivery services to a number of GCC countries. The newly …

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13 August 06:47 PM Al Arabia turns to SAR 108.5m losses in H1-25

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 …

Financial Results

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13 August 06:34 PM Budget Saudi announces 19.5% higher profits in H1-25, cash dividends

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 …

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13 August 04:36 PM Al Akaria turns profitable in H1-25; sales cross SAR 1.1bn

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 …

Financial Results

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13 August 03:46 PM Amlak Finance delivers strong financial results in H1-25 backed by sales in KSA

Dubai - Mubasher: Amlak Finance logged higher net profits after income tax valued at AED 18.53 million in the first half (H1) of 2025, compared to AED 6.99 million in H1-24. Total revenues surged by 61% to AED 200.06 million as of 30 June 2025 …

Financial Results

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13 August 11:53 AM GCC-focused Lulu Retail sees 9% higher net income in H1-25; dividends unveiled

Abu Dhabi - Mubasher: Lulu Retail Company registered a 9.10% rise in net profits from continuing operations to $126.96 million in the first half (H1) of 2025 from $116.41 million in H1-24. Meanwhile, the revenues increased by 5.90% to $4.09 …

Financial Results

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13 August 10:43 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: According to 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, except …

Banking and Finance

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13 August 07:44 AM Qassim Cement reports 3% growth in H1-25 net profits

Riyadh - Mubasher: Qassim Cement Company generated 2.77% higher net profits at SAR 149.68 million in the six-month (6M) period ended 30 June 2025, compared with SAR 145.63 million as of 30 June 2024. Revenues reached SAR 596.15 million in the …

Financial Results

Talabat Holding

12 August 09:22 PM MENA-focused Talabat generates $222m net income in H1-25, higher GMV of $4.5bn

Dubai – Mubasher: Talabat Holding, the on-demand online ordering and delivery platform in the MENA region, announced $222 million worth of net income during the first half (H1) of 2025, marking a 90% growth from $117 million in H1-24. The gross …

Financial Results

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12 August 03:40 PM Chemanol’s net losses deepen to SAR 468m in H1-25

Riyadh - Mubasher: Methanol Chemicals Company (Chemanol) incurred 790.91% higher net losses at SAR 467.73 million in the first half (H1) of 2025, compared with SAR 52.50 million in H1-24. Revenues reached SAR 320.28 million as of 30 June 2025, …

Financial Results

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12 August 01:20 PM SAIC shifts to SAR 110m net losses in H1-25

Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) suffered net losses worth SAR 110.14 million in the first half (H1) of 2025, against net profits of SAR 217.24 million in H1-24. Negative revenues stood at SAR 91.12 million in H1-25, …

Financial Results

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12 August 01:15 PM Zamil Industrial reports 325% leap in H1-25 net profits

Riyadh - Mubasher: Zamil Industrial Investment Company generated SAR 48.99 million in net profits in the six-month (6M) period ended 30 June 2025, reflecting a 325.11% year-on-year (YoY) leap from SAR 11.52 million. Revenues increased by 12.84% to …

Financial Results

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12 August 10:43 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: According to 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, except for …

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12 August 07:35 AM EFG Hermes advises on AfricInvest's exit from MENA-focused MDP

Cairo - Mubasher: EFG Hermes, an EFG Holding company, has advised on the AfricInvest-led consortium's full exit from Masria Digital Payments (MDP), the leading payments technology infrastructure provider in the MENA region, according to a press …

Banking and Finance

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12 August 07:23 AM Kingdom Holding records nearly SAR 837m profits in H1-25, higher revenues

Riyadh – Mubasher: The net profits of Kingdom Holding Company went up by 1.98% to SAR 836.71 million in the first half (H1) of 2025 from SAR 820.39 million in H1-24. The group posted revenues totaling SAR 1.36 billion as of 30 June 2025, an annual …

Financial Results

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12 August 07:19 AM Emaar The Economic City posts 76% lower losses in H1-25; accumulated losses near 3% of capital

Riyadh – Mubasher: Emaar The Economic City incurred net losses valued at SAR 167 million in the first half (H1) of 2025, an annual plunge of 75.93% from SAR 694 million. Meanwhile, the revenues hiked by 114.66% to SAR 322 million in H1-25 from SAR …

Financial Results

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11 August 11:59 PM AI is becoming key tool for potential travelers to Middle East – Report

Mubasher: AI is becoming a key tool for travelers planning trips to the Middle East, with nearly six in 10 have used AI for travel planning and with 21% using it before their most recent trip, according to a recent report by Tourism Economics on …

Cercli

11 August 11:33 PM MENA-focused, run by ex-Careem execs Cercli unveils growth ahead of regional expansion

UAE – Mubasher: Cercli, an HR platform for Middle Eastern businesses to run and pay their local and global workforces, has announced rapid growth and platform updates for companies across the Middle East including plans underway for regional …

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11 August 05:09 PM Takween’s net losses widen to SAR 35.5m in H1-25

Riyadh - Mubasher: Takween Advanced Industries Company incurred 335.56% higher net losses at SAR 35.56 million in the first half (H1) of 2025, compared to SAR 8.16 million in H1-24. The company reported revenues amounting to SAR 283.38 million in …

Financial Results

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11 August 04:40 PM Knowledge Economic City incurs SAR 55m losses in H1-25; revenues leap 912%

Riyadh – Mubasher: Knowledge Economic City suffered 41.99% higher net losses at SAR 54.94 million in the first half (H1) of 2025, compared to SAR 38.69 million in H1-24. The revenues hiked by 912.12% to SAR 112.45 million in H1-25 from SAR 11.11 …

Financial Results

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11 August 03:32 PM SNB Capital leads SAR 7.1bn rights issue for ACWA Power; region’s largest capital hike

Riyadh - Mubasher: SNB Capital has completed a SAR 7.10 billion ($1.90 billion) rights issue for ACWA Power on the Saudi Exchange (Tadawul), marking one of the region's largest capital increases by value. The transaction involved issuing 33.93 …

Companies Investments