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Management Decisions

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29 March 02:36 PM Egyptian Cabinet approves EGP 3.8trn development plan for FY26/27
Cairo - Mubasher: The Egyptian Cabinet approved the economic and social development plan for fiscal year (FY) 2026/2027, targeting total investments of EGP 3.80 trillion. Public investments represent EGP 1.50 trillion or 41% of the total amount, …
Banque du Caire
29 March 01:46 PM Banque du Caire submits EGP 10bn capital increase to EGX
Cairo - Mubasher: Banque du Caire has submitted documents to the Egyptian Exchange (EGX) to list the shares for increasing its issued and paid-up capital to EGP 30.50 billion from EGP 20.50 billion. The capital raise is valued at EGP 10 billion, …
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29 March 11:51 AM Incolease’s EGM greenlights nearly EGP 8m capital reduction
Cairo - Mubasher: The extraordinary general meeting (EGM) of International Company for Leasing (Incolease) approved decreasing its issued and paid-up capital by EGP 7.77 million to EGP 500 million from EGP 507.77 million. The capital is …
Egypt’s Prime Minister Mostafa Madbouly
29 March 10:28 AM Madbouly announces new remote work policy amid regional developments
Cairo - Mubasher: Egypt’s Prime Minister Mostafa Madbouly has announced the implementation of a remote work system every Sunday that will go into effect in April 2026. The decision applies to employees in the public and private sectors, according …
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26 March 05:44 PM Arabian Cement’s EGM approves nearly EGP 8m capital cut
Cairo - Mubasher: The extraordinary general meeting (EGM) of Arabian Cement Company approved a capital reduction by EGP 7.74 million through the cancellation of treasury shares. The company’s issued and paid-in capital will be decreased to EGP …
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26 March 05:24 PM MTI’s board greenlights EGP 234m capital hike via bonus shares
Cairo - Mubasher: The board of MM Group for Industry and International Trade (MTI) approved increasing its issued and paid-in capital to EGP 1.40 billion from EGP 1.17 billion through bonus shares. The EGP 234.14 million hike amount will be …
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26 March 02:53 PM First Investment’s board approves EGP 3.5m capital increase through bonus shares
Cairo - Mubasher: The board members of First Investment and Real Estate Development greenlighted distributing EGP 3.43 million in bonus shares to the existing shareholders in order to raise the capital. The company will issue half a share for …
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25 March 01:05 PM FRA gives initial approval for Arab Developers’ rights issue
Cairo - Mubasher: The Financial Regulatory Authority (FRA) has no initial objection for Arab Developers Holding's rights issue invitation to existing shareholders to increase its capital. The subscription comprises 10 billion shares at a nominal …
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24 March 06:19 PM Farm Superstores appoints Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) announced three key appointments for a period of four years until 20 March 2030, according to a bourse filing. The company named Hazem Fayez Al Aswad as Chairman and Maher Hazem Al …
Mulkia Investment
24 March 05:58 PM Mulkia Investment’s board recommends capital raise, dividends for 2025
Riyadh - Mubasher: The board of Mulkia Investment Company recommended increasing the capital by granting one bonus share for each 6.5 owned shares, according to a bourse disclosure. Following the transaction, the new capital will stand at SAR 90 …
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24 March 02:13 PM GASCO to acquire 50% stake in JACKO Gases for SAR 125m
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) inked an equity interest purchase agreement to acquire a 50% equity in JACKO Gases for a total value of SAR 125 million. The acquisition follows a 100% capital increase of JACKO …
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24 March 09:07 AM Northern Region Cement, Al Arabia unveil key appointments for new term
Riyadh - Mubasher: Northern Region Cement Company and Arabian Contracting Services Company (Al Arabia) appointed a new Chairman and Vice Chairman for a new board term. Northern Region Cement named Sulaiman Salim Al Harbi as the board’s Chairman …
Chestertons
23 March 07:11 PM Chestertons names Stevens as new CEO to endorse MENA Growth
Mubasher: Real estate advisory firm Chestertons has recently appointed John Stevens as the CEO of the international entity to lead its growth across the MENA region, according to a press release. Stevens aims to be focused on ensuring the regional …
The National Bank of Ras Al Khaimah (RAKBANK)
23 March 06:39 PM RAKBANK sells business line to global entity Network
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed a disposal of a business line to Network International to realize value for the bank and its shareholders, according to a bourse disclosure. RAKBANK sold its …
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23 March 05:44 PM Borouge announces major shareholder following acquisition of ADNOC, Borealis equities
Abu Dhabi – Mubasher: Borouge has issued a notification of change in ownership after Borouge Group International AG completed the acquisition of the majority stake by owning 90% of the company’s share capital. Towards the formation of Borouge …
ADNH Catering
18 March 02:29 AM ADNH Catering unveils changes in CEO position
Abu Dhabi – Mubasher: ADNH Catering has announced that Clive William Cowley will be stepping down as CEO effective 31 March 2026 after serving in this position for more than five years, according to a bourse disclosure. Meanwhile, Cowley will …
Abu Dhabi Aviation
18 March 01:50 AM Abu Dhabi Aviation appoints Al Mulla as Chairman; shareholders elect new board
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Aviation have elected a new board of directors for a new term until 2029, during the annual general meeting on 12 March 2026. The board, subsequently convened on 17 March, appointed Mansour Al …
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17 March 04:43 PM CMA nods for Alinma Bank’s capital raise
Riyadh - Mubasher: The Capital Market Authority (CMA) approved increasing the capital of Alinma Bank to SAR 30 billion from SAR 25 billion, according to a bourse disclosure. The SAR 5 billion increase will be capitalized from the statutory reserve …
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17 March 02:28 AM Red Sea International plans 58% capital raise through rights issue
Riyadh – Mubasher: Red Sea International Company intends to increase its capital by 58% through a rights issue, subject to the approval of the extraordinary general meeting (EGM) and other relevant approvals, according to a bourse filing. The …
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16 March 10:56 AM CMA greenlights Riyad Bank’s capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Riyad Bank to raise capital to SAR 40 billion from SAR 30 billion, according to a statement. The new capital will be distributed over 4 billion shares, instead of 3 …
Rabigh Refining and Petrochemical Company (Petro Rabigh)
10 March 01:21 AM Petro Rabigh records lower net losses in 2025; Aramco, Sumitomo support turnaround strategy
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) incurred net losses worth SAR 3.89 billion in 2025, reflecting a 14.21% decrease from SAR 4.54 billion in 2024. The loss per share narrowed to SAR 2.33 in 2025 from SAR …
Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)
9 March 12:10 AM Al Rajhi Takaful’s board recommends doubling capital through 100m bonus shares
Riyadh - Mubasher: The board of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has proposed, in its 5 March 2026 meeting, increasing the capital by doubling it by way of granting one bonus share for every one owned share. Upon …
Hisham Okasha, new Chairman of CI Capital
5 March 10:24 AM CI Capital taps Okasha as new Chairman
Cairo - Mubasher: CI Capital Holding for Financial Investments has appointed Hisham Okasha as the chairman of the board, according to a bourse filing. Okasha, currently the CEO of Banque Misr, succeeded Ahmed Issa, the former tourism minister. The …
Dallah Healthcare
5 March 02:53 AM Dallah Healthcare’s board recommends 20% capital raise via bonus shares
Riyadh – Mubasher: The board of Dallah Healthcare Company proposed increasing the company’s capital by 20% through the issuance of one bonus share for every five held shares. In their 4 March 2026 meeting, the board members recommended raising the …
Saudi Energy Company (SE)
1 March 11:58 AM SEC launches new identity, logo
Riyadh - Mubasher: Saudi Electricity Company (SEC) changed its new corporate identity and officially rebranded as Saudi Energy Company (SE) to enhance energy supply security and grid reliability in line with the objectives of Vision 2030 The move …