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Management Decisions

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22 December 04:22 PM Sidpec to distribute bonus shares following capital hike
Cairo - Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) plans to disburse 226.80 million bonus shares at a nominal value of EGP 2 per share, according to a bourse disclosure.  This followed the company’s EGP 453.60 million capital increase to …
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22 December 03:08 PM Themar raises issued capital to EGP 80m
Cairo - Mubasher: The equityholders of the Egyptian Arabian Company for Securities and Bonds Brokerage (Themar) approved raising its issued capital by EGP 8 million to EGP 80 million from EGP 72 million. The increase will be implemented through …
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22 December 02:23 PM Mohandes Insurance unveils EGP 150m capital hike
Cairo - Mubasher: Mohandes Insurance Company (MIC) announced increasing the issued capital to EGP 650 million from EGP 500 million. The EGP 150 million hike will be financed from 2024’s profits and legal reserves, according to a bourse filing. …
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21 December 06:29 PM DRC’s Chairman, Vice Chairman resign amid downsizing
Riyadh - Mubasher: Ahmed Mohammed Ahmed Al Quraishy and Mohammed Ahmed Abdualla Al Quraishy resigned from their positions as the Digital Research Company's (DRC)Chairman and Vice Chairman, respectively.  Mansour Ayedh Hassan Alkahtani and …
Shamsheer Vayalil, CEO of Burjeel Holdings
21 December 01:41 PM Vayalil to lead Burjeel Holdings’ business as new CEO
Abu Dhabi - Mubasher: The board of Burjeel Holdings has approved the appointment of Shamsheer Vayalil as CEO, in addition to his current role as Founder and Chairman. The decision is subject to obtaining the required shareholder and regulatory …
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14 December 10:56 AM Sipchem appoints new Chairman, Vice Chairman
Riyadh - Mubasher: Sahara International Petrochemical Company (Sipchem) named Khalid A. Al Zamil as the board’s Chairman for the next four years. The board members also appointed Fahad S. Al Rajhi as the Vice Chairman, according to a bourse …
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11 December 06:56 PM Egytrans unveils rebranding to Egytrans Nosco
Cairo - Mubasher: The extraordinary general meeting (EGM) of the Egyptian Transport and Commercial Services Company (Egytrans) approved changing the company’s name to Egytrans Nosco. The decision was passed unanimously during the EGM held on 11 …
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11 December 04:23 PM Telecom Egypt eyes strong revenue, earnings in 2026 budget
Cairo - Mubasher: The board members of Telecom Egypt have approved the company’s 2026 budget, setting key performance indicators (KPIs) guidance. These include high single-digit revenue growth and an EBITDA margin in the low forties, according to …
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11 December 03:08 PM Palm Hills inks EGP 866m deal with Incolease, authorizes brand license in UAE
Cairo - Mubasher: The ordinary general meeting (OGM) of Palm Hills Developments Company approved entering into a financial lease deal with International Company for Leasing (Incolease) at a value up to EGP 865.93 million, according to a bourse …
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11 December 01:35 PM Orascom Construction’s board greenlights $97m capital increase to back new acquisition
Cairo - Mubasher: The board of Orascom Construction approved, on 8 December, increasing the company's issued capital to $207.44 million from $110.24 million, according to a bourse filing.  The transaction will be implemented through the issuance …
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9 December 01:38 PM GASCO announces 2 key appointments
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) appointed  Abdulaziz Fahad Al Khayal as the board’s Chairman for the next four years. Mohammed Hamad Al Kathiri was also named as the Vice Chairman, according to a bourse …
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8 December 06:22 PM Acrow Misr plans voluntary delisting, unveils FV study
Cairo - Mubasher: Acrow Misr Formwork Technology has completed a fair value (FV) study of its shares ahead of a planned voluntary delisting from the Egyptian Exchange (EGX), according to a bourse filing. The study report indicated that the FV for …
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8 December 05:08 PM Macro Group’s EGP 570m capital increase nearly fully subscribed
Cairo - Mubasher: The rights issue of Macro Group Pharmaceuticals achieved 99% oversubscription during the period from 18 November until 3 December 2025. The capital increase process registered subscription in 2.82 billion new ordinary shares at a …
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7 December 06:31 PM Dice's board approves FV study for assets worth EGP 1.4bn in total valuation
Cairo - Mubasher: The board members of Dice for Ready-Made Garments (Dice Sport and Casual Wear) recently approved a fair value (FV) study report covering three land plots, which resulted in a total valuation of EGP 1.40 billion, according to a …
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7 December 04:00 PM UAE's NUB HoldCo DMCC exits Taaleem Management for EGP 800m
Cairo - Mubasher: NUB HoldCo DMCC sold its entire 51.62 million shares, representing a 7.07% stake, in Taaleem Management Services. The shares were sold at an average price of EGP 15.50 per share, bringing the total transaction value to EGP 800.24 …
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4 December 07:41 PM Raoom’s board greenlights over SAR 4.5m dividends for Q3-25
Riyadh – Mubasher: The board of Raoom Trading Company approved interim cash dividends of SAR 4.62 million for the third quarter (Q3) of 2025. Raoom will distribute a dividend of SAR 0.37 per share for 12.50 million eligible shares, according to a …
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3 December 07:51 PM IBM, stc join forces to drive quantum-safe cybersecurity for Saudi telecom sector
Riyadh - Mubasher: IBM and Saudi Telecom Company (stc) expanded their collaboration to enhance quantum-safe cybersecurity solutions across Saudi Arabia’s telecommunications sector, reinforcing the Kingdom’s readiness for the post-quantum era and …
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3 December 06:53 PM Ajwa Egypt's board approves capital increase to EGP 500m, joins new food venture
Cairo - Mubasher: The board of Ajwa Group for Food Industries - Egypt agreed, in its 2 December 2025 meeting, to raise the company’s issued capital to EGP 500 million from EGP 200.95 million. Ajwa Egypt will increase the capital by EGP 299.04 …
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3 December 06:18 PM Arabian Cement approves EGP 1.1bn dividends for 2024
Cairo - Mubasher: The equityholders of Arabian Cement Company decided, during the ordinary general meeting on 2 December, to distribute cash dividends totaling EGP 1.10 billion for 2024. The EGX-listed company will pay out a dividend of EGP 2.94 …
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27 November 05:27 PM GO rebrands as Etihad GO Telecom
Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) changed its commercial name to Etihad GO Telecom Company as part of its strategic transformation to strengthen its position in the telecommunications and technology sectors. This new …
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27 November 01:10 PM Atlas approves EGP 50m capital hike
Cairo - Mubasher: The equityholders of Atlas for Investment and Food Industries have approved increasing the company’s issued capital to EGP 115.12 million from EGP 65.12 million. The EGP 50 million capital raise value will be distributed over 500 …
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26 November 07:06 PM Arabian Shield unveils 2 key appointments
Riyadh - Mubasher: Arabian Shield Cooperative Insurance Company named Naif Bin Sultan bin Mohammed bin Saud Alkabeer as the board’s Chairman for the next four years. Sameer Alwazzan was announced as the Vice Chairman, according to a bourse filing. …
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25 November 12:13 PM Mayar Holding announces key appointments
Riyadh – Mubasher: Mayar Holding Company has appointed Thamer Abdullah Mohammed Alrayes as its Chairman and Turki Abdullah Mohammed Alrayes as its Vice Chairman. The board named the two officials for a four-year term ending on 20 November 2029, …
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17 November 01:18 PM ACIG, Almunajem Foods name new CEOs
Riyadh - Mubasher: Allied Cooperative Insurance Group (ACIG) appointed Hamad bin Abdulaziz Al Mushari as its new CEO, effective from 23 November 2025, according to a bourse filing. The decision follows the board resolution on 13 November of …