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16 September 11:48 AM

Real Estate

ALEC Holdings
15 September 03:57 PM ALEC Holdings plans to float 20% of share capital on DFM; operations focused in GCC
Dubai – Mubasher: ALEC Holdings intends to list 20% of its share capital on the Dubai Financial Market (DFM) through an initial public offering (IPO), with the IPO subscription period expected to run from 23 to 30 September 2025. The Investment …
Management Decisions
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11 September 09:14 PM DAR Global becomes 1st in Middle East to transfer shares on London Stock Exchange
Riyadh – Mubasher: Saudi-born international luxury real estate developer Dar Global has transferred its ordinary shares to the equity shares category of the UK Financial Conduct Authority (FCA) official list, on 8 September 2025. The Saudi company …
Real estate
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11 September 06:48 AM ORA Developers unveils $16bn initial investments in UAE, Iraq
Mubasher:  ORA Developers Group has expanded its presence in the Middle East with two major developments in the UAE and Iraq, according to a press release. The group launched Bayn, a coastal community in Ghantoot connecting Abu Dhabi and Dubai, …
Real estate
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10 September 12:12 PM Knight Frank fuels regional expansion with projects in Abu Dhabi
Abu Dhabi - Mubaher: Global real estate consultancy Knight Frank has teamed up with Henry Wiltshire International to strengthen its presence in Abu Dhabi’s prime residential sector. Such a move reinforces Knight Frank’s commitment to expanding its …
Companies Investments
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10 September 11:10 AM UAE’s PRYPCO fosters tokenized property investment in MENA via pre-Series A funding
UAE - Mubasher: PRYPCO, the UAE-based proptech platform, has closed a pre-Series A round for an undisclosed value led by General Catalyst, marking its first investment in the Middle East. The move strengthens PRYPCO’s position as one of the …
Real estate
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9 September 09:41 AM Al Majdiah to float 30% of share capital on Tadawul this week
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) is expected to commence trading its shares on the Saudi Exchange (Tadawul) on Wednesday, 10 September. Trading under the symbol 4326, Al Majdiah will list 90 million shares, …
Real estate
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2 September 12:17 PM Umm Al Qura launches pre-booking model for SAR 329m land sale at Masar
Riyadh - Mubasher: Umm Al Qura for Development and Construction Company introduced a new real estate investment model that allows land sales at the destination through a pre-booking mechanism, according to a press release. By factoring in both …
Real estate
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2 September 10:40 AM RAK Properties enables crypto payment to attract global buyers
Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …
Companies Investments
Saudi Egyptian Developers
1 September 04:22 PM Saudi Egyptian Developers unveils rebranding to boost regional expansion
Cairo - Mubasher: Saudi Egyptian Developers Company celebrated its 50th anniversary with the launch of a new logo and refreshed visual identity, signaling the start of a new phase of growth and innovation. The rebranding, shaped as a diamond-heart …
Global Economy
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31 August 05:37 PM GCC-focused Riyad Capital leads SAR 500m Sukuk issuance for Sumou Global Investment
Riyadh - Mubasher: Riyad Capital, a leading asset manager within Saudi Arabia and the GCC region, has issued SAR 500 million in SAR-denominated Sukuk for Sumou Global Investment Company. The three-year issuance marks the first of its kind offering …
Real estate
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27 August 07:00 PM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations
Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million …
Real estate
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26 August 11:45 AM Emirates NBD upsizes Dar Global’s syndicated facilities by $165m
Dubai - Mubasher: Emirates NBD has upsized syndicated conventional and Islamic term facilities for Dar Global, the wholly-owned subsidiary of Dar Al Arkan Real Estate Development Company, by $165 million, bringing the total amount to $440 million. …
Companies Investments
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25 August 12:20 PM PIF-owned SRC launches Saudi Arabia’s 1st RMBS to reinforce real estate finance market
Riyadh - Mubasher: The Saudi Real Estate Refinance Company (SRC), a fully owned subsidiary of the Public Investment Fund (PIF), has launched the Kingdom’s first Residential Mortgage-Backed Securities (RMBS). The transaction backs SRC’s efforts to …
Real estate
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21 August 01:23 AM UAE-based Coraly.ai secures $2m funding to fuel regional expansion, international market entry
UAE – Mubasher: Proptech company Coraly.ai, formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market …
Global Economy
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19 August 03:37 PM Madinet Masr to launch EGP 300m real estate investment fund in Saudi Arabia
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 …
Real estate
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19 August 09:40 AM Sumou Real Estate rolls out SAR 135m contract award
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 …
Companies Investments
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18 August 09:07 AM Umm Al Qura signs SAR 145m sale agreement
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 …
Companies Investments
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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 …
Real estate
Emaar generates 34% higher net profit before tax in H1-25
6 August 07:13 PM Emaar generates 34% higher net profit before tax in H1-25; property sales hit AED 46bn, Egypt boosts int'l operations
Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release. In terms of sales growth, the …
Companies Investments
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6 August 10:58 AM Dar Al Arkan’s net profits leap to SAR 448m in H1-25
Riyadh – Mubasher: The net profits of Dar Al Arkan Real Estate Development Company hit SAR 447.96 million in the first half (H1) of 2025, higher by 40.55% year-on-year (YoY) than SAR 318.71 million. Meanwhile, the revenues fell by 2.31% to SAR …
Real estate
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4 August 11:31 AM Jabal Omar’s profits skyrocket 1,627% in H1-25
Riyadh - Mubasher: Jabal Omar Development Company generated net profits standing at SAR 903.88 million in the first half (H1) of 2025, higher by 1,627% year-on-year (YoY) than SAR 52.32 million. Revenues amounted to SAR 1.24 billion as of 30 June …
Real estate
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3 August 07:57 AM Makkah Construction’s profits leap by nearly 15% in H1-25
Riyadh - Mubasher: Makkah Construction and Development Company achieved net profits valued at SAR 294 million in the first half (H1) of 2025, up 14.84% year-on-year (YoY) from SAR 256 million. The Saudi group posted revenues amounting to SAR 624 …
Real estate
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29 July 10:58 AM Modon records AED 10bn sales in H1-25 backed by global expansion
Abu Dhabi - Mubasher: Modon Holding generated net profits after tax valued at AED 2.11 billion in the first half (H1) of 2025, compared to AED 8.73 billion in the year-ago period. Revenues amounted to AED 6.54 billion at the end of June 2025, …
Financial Results
Adeer International and PARAGON Developments
22 July 06:07 PM Egyptian-Saudi collaboration unveiled for Mostakbal City with over EGP 70bn investments
Cairo – Mubasher: Adeer International, a subsidiary of the Saudi Sumou Holding Group, has teamed up with Egyptian real estate firm PARAGON Developments in a strategic partnership that underscores both companies’ commitment to strengthening …
Companies Investments
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14 July 04:13 PM Mira Developments launches MENA-focused real estate company via $3m investments
UAE – Mubasher: Mira Developments has invested $3 million into the launch of MENA-focused real estate investment agency Percent&Co, according to a press release. The new joint venture (JV) is developed to attract global investors seeking premium …
Companies Investments