KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
19 September 11:35 PM

Top News

Photo Archive
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
Photo Archive
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
Photo Archive
18 September 06:42 PM Saudi Arabia included in JP Morgan GBI-EM watchlist
Riyadh - Mubasher: Saudi Arabia has been added to JP Morgan’s government bond index for emerging markets (GBI-EM) watchlist, recognizing the Kingdom’s efforts to deepen market liquidity and attract global investors. The inclusion is expected to …
Global Economy
Photo Archive
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 …
Board of Directors
Photo Archive
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
Shubham Poddar, Founder and CEO of Amaani
18 September 12:28 PM UAE’s Amaani raises $3m seed funding to launch Arab beauty brand globally
UAE - Mubasher: UAE-based beauty and wellness platform Amaani has raised $3 million in seed funding led by Peak XV’s Surge, according to a press release. The company will use the investment for beauty brand, AÏZA, scaling its business across the …
Global Economy
Malik Alyousef, Co-founder and Chief Operating Officer at Mozn
18 September 11:11 AM Mozon rolls out Payment Intelligence at Money 20/20 Middle East conference
Mubasher: Mozn, a regional leader in enterprise AI technologies, has launched Payment Intelligence, a new product within its flagship FOCAL Enterprise Fraud Management platform, at the Money 20/20 Middle East conference. Payment Intelligence …
Global Economy
Photo Archive
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 …
Mergers and Acquisitions
Photo Archive
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
Photo Gallery
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 …
Companies Investments
Photo Gallery
18 September 09:33 AM Halan UAE, Lean Technologies partner to expand credit access in GCC
Mubasher: Halan UAE, part of Egypt and MENA’s first fintech unicorn MNT-Halan, has partnered with Lean Technologies to leverage open banking technology and expand credit access for individuals and small businesses across the GCC. The partnership …
Global Economy
Photo Archive
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
Photo Gallery
18 September 08:10 AM Mastercard, HyperPay collaborate to reshape region’s business payments landscape
Mubasher: Mastercard forged a partnership with HyperPay to accelerate the digital transformation of the Saudi commercial payments landscape, according to a press release. The two parties will join forces to enhance business payments across the …
Global Economy
Photo Gallery
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 …
Companies Investments
Photo Archive
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 …
Banking and Finance
Photo Gallery
17 September 04:33 PM Egypt’s healthtech Duaya unveils GCC expansion plans following acquisition of EXMGO
Cairo - Mubasher: Egypt-based healthtech Duaya has acquired EXMGO, a SaaS provider for pharmacies and medical businesses, in a six-figure investment transaction. The deal marks a new milestone in advancing pharmacy digitization and strengthening …
Companies Investments
Photo Archive
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
Photo Gallery
17 September 03:16 PM Social Development Bank records SAR 6.5bn financing since start of 2025
Riyadh - Mubasher: The Social Development Bank (SDB) delivered SAR 6.50 billion in total financing since the beginning of 2025, benefiting over 90,000 citizens and enterprises across the Kingdom. Freelancers and family businesses received SAR 2.50 …
Financial Results
Photo Gallery
17 September 02:57 PM Riyadh-based Spare raises $5m pre-Series A funding to fuel expansion in GCC
Riyadh - Mubasher: Saudi fintech Spare has secured $5 million in a pre-Series A round led by anb Seed Fund, with participation from 500 MENA, Vision Ventures, SEEDRA Ventures, MEVP, Boubyan Ventures, and others. The new funding will be used to …
Companies Investments
Photo Archive
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
Photo Gallery
17 September 12:08 PM Oumla secures $2.4m funding round to expand regional business
Riyadh – Mubasher: Saudi startup Oumla has raised a $2.40 million seed round led by Core Vision, with participation from Avalanche and angel investors, according to a press release. The funds will be used to expand the company’s team and reinforce …
Companies Investments
Firas Alhamdan and Faisal bin Dukhail, Founders of LDUN
17 September 11:10 AM Saudi fintech startup LDUN closes $4.8m funding round
Riyadh – Mubasher: Saudi fintech startup LDUN has raised a $4.80 million seed round led by Sadu Capital, along with Suhail Ventures and Nomu Angel Investment, according to a press release. Licensed by the Saudi Central Bank (SAMA) under its …
Companies Investments
Photo Gallery
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 …
Companies Investments
Photo Archive
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
Photo Archive
16 September 04:35 PM Al Majdiah inks SAR 454m contracts for residential projects
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) has signed two contracts worth a combined value of SAR 453.60 million with Tatweej Contracting Company to implement residential projects. The deals cover the Adeem Al-Fursan project …
Companies Investments