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Banking and Finance

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16 April 06:40 PM ANB names new Chairman, Vice Chairman
Riyadh - Mubasher: Arab National Bank (ANB) announced Salah Rashid Al Rashed as the board’s Chairman for a three-year term ending on 31 March 2029. The board members of ANB also appointed Abdulmohsen Ibrahim Al Touq as the Vice Chairman for the …
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16 April 04:30 PM Academy of Learning secures nearly SAR 114m Islamic funding from Riyad Bank
Riyadh - Mubasher: Academy of Learning Company has obtained credit facilities compliant with Islamic Sharia provisions from Riyad Bank at a total value of SAR 113.75 million. The facilities hold a duration of up to six years, including a one-year …
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16 April 07:19 AM CBE auctions EGP 105bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 105 billion through two auctions on Thursday, 16 April. The first tranche stood at EGP 55 billion and will mature in 182 days until 20 …
INVIA
16 April 07:13 AM INVIA closes $1.2m funding round to expand AI-backed tools in SMEs
Cairo – Mubasher: Egypt-based fintech startup INVIA has raised $1.20 million from angel investors and strategic backers to expand its AI-driven financial operating system for small and medium enterprises (SMEs). The funding will be directed to …
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15 April 10:28 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 and the price of each certificate in EGP, except for Azimut …
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14 April 06:36 PM ADIB expands retail network with new next-generation branch at Dubai Hills Mall
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has expanded its retail footprint in Dubai after opening a new next-generation universal branch at Dubai Hills Mall. This expansion brings the lender's UAE branch network to 62 branches, …
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14 April 06:04 PM Saudi Networkers Services extends SAR 50m facility deal
Riyadh – Mubasher: Saudi Networkers Services Company renewed its Sharia-compliant credit facilities agreement valued at SAR 50 million with Al Rajhi Bank on 13 April 2026, according to a bourse filing. The company will utilize the loan, secured by …
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14 April 05:59 PM Emirates NBD, Sobha Realty launch home financing for Dubai off-plan projects
Dubai - Mubasher: Emirates NBD has entered a strategic partnership with Sobha Realty to provide integrated home financing solutions for buyers of Sobha’s off-plan residential developments across Dubai. The DFM-listed lender will offer tailored …
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14 April 05:23 PM Homegrown Ventures closes nearly $23m debut fund to back MENA CPG startups
UAE - Mubasher: Homegrown Ventures has closed its debut Fund I at $22.80 million, which exceeded its initial $20 million target, according to a press release. The venture capital (VC) firm will focus on early-stage consumer packaged goods (CPG) …
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14 April 12:30 PM Aljazira Takaful announces Al Obrah as CEO
Riyadh - Mubasher: Aljazira Takaful Taawuni Company named Abdulrahman bin Saleh Al Obrah as its CEO, effective 13 July 2026. The board member approved this appointment on 13 April 2026, according to a bourse disclosure. Al Obrah brings nearly 23 …
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14 April 10:12 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 and the price of each certificate in EGP, except for Azimut …
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14 April 09:36 AM MESC obtains SAR 100m facility from SAB
Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) penned a Shariah-compliant loan valued at SAR 100 million with Saudi Awwal Bank (SAB). Both sides inked the deal on 13 April 2026, and it is valid until 10 March 2027, according to a …
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13 April 06:15 PM Saudi proptech Jozo closes SAR 8.3m funding round
Riyadh - Mubasher: Saudi-based Jozo has raised SAR 8.30 million ($2.21 million) in a seed round, led by Sheikh Hamad bin Saedan Real Estate Company as a strategic partner, according to a press release. The startup will use the fresh capital to …
Reme-D
13 April 04:18 PM Egypt’s biotech startup Reme-D to expand in Middle East via GIF-led funding
Cairo – Mubasher: Egyptian biotech startup Reme-D has secured a $500,000 investment from the Global Innovation Fund (GIF) to scale its molecular diagnostics solutions across Africa and the Middle East. The new funding will support the company’s …
Sharjah Islamic Bank
13 April 03:17 PM Sharjah Islamic Bank’s profits exceeds AED 380.5m in Q1-26 interim results
Abu Dhabi – Mubasher: Sharjah Islamic Bank logged AED 380.66 million in net profit after tax during the first quarter (Q1) of 2026, an annual rise of 19.40% from AED 318.93 million. The basic and diluted earnings per share (EPS) increased to AED …
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13 April 09:43 AM Egypt’s Ministry of Finance unveils EGP 95bn T-bills
Cairo – Mubasher: The Egyptian Ministry of Finance announced the issuance of treasury bills (T-bills) with a total value of EGP 95 billion, Mubasher cited the Middle East News Agency (MENA). The average yield on 91-day issuance was 24.46%, with a …
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12 April 02:23 PM CI Capital to disburse EGP 0.57/shr dividends for 2025
Cairo - Mubasher: The shareholders of CI Capital Holding for Financial Investments greenlighted cash dividends for 2025. The EGX-listed company will distribute a dividend of EGP 0.57 per share, according to a bourse filing. Meanwhile, the dividend …
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9 April 09:07 PM FABMISR expands network in Egypt via El Sadat branch
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the UAE-listed FAB, has opened a new branch in El Sadat City in Monufeya Governorate in line with its continued expansion strategy. Through its new branch, the lender aims to enhance …
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9 April 04:35 PM QNB’s consolidated net profits jump in Q1-26; total assets cross EGP 1trn
Cairo - Mubasher: Qatar National Bank (QNB) generated year-on-year (YoY) higher consolidated net profits after tax at EGP 9.52 billion in the first quarter (Q1) of 2026, compared with EGP 7.18 billion. The earnings per share (EPS) climbed to EGP …
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9 April 03:53 PM ProMedEx renews SAR 84m facility agreement with Riyad Bank
Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) has extended its Islamic facilities agreement with Riyad Bank for a total combined value of SAR 84 million. The credit facilities will fund ProMedEx’s ongoing projects and …
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9 April 11:22 AM Al Ashghal Al Moysra extends SAR 8m facility agreement with SNB
Riyadh - Mubasher: Al Ashghal Al Moysra Company renewed and increased a Sharia-compliant credit facility agreement worth SAR 8 million with Saudi National Bank (SNB). The three-year facility was obtained on 8 April 2026, according to a bourse …
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9 April 07:06 AM Union Coop’s shareholders approve 14% of capital as dividends for 2025
Dubai – Mubasher: The general assembly meeting of Union Coop approved the distribution of AED 244.38 million, equivalent to AED 0.14 per share, for 2025, according to a press release. The meeting also passed a 5% return on shareholders’ purchases …
Khaled Mohamed Balama, Governor of the CBUAE, and  Khalid Humaidan, Governor of the CBB,
9 April 07:04 AM UAE, Bahrain sign AED 20bn currency swap agreement
Mubasher: The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) inked a AED/BHD currency swap agreement, the Emirates News Agency (WAM) reported. Khaled Mohamed Balama, Governor of the CBUAE, signed the deal with Khalid …
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9 April 07:02 AM Saudi sports gaming startup ElGoat raises $266,000 funding to expand in MENA
Riyadh - Mubasher: Saudi Arabia-based sportstech ElGoat has closed a $266,000 Seed funding round backed by Trigon, with a valuation of $2.66 million, according to a press release. The fresh capital will be directed toward enhancing the platform’s …
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9 April 06:56 AM PIF backs King Street’s fund to expand private credit investment in MENA
Riyadh - Mubasher: The Public Investment Fund (PIF) signed a non-binding memorandum of understanding (MoU) with leading global investment management firm King Street Capital Management to expand private credit investment opportunities in Saudi …