Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) has sold three warehouses in KEZAD Logistics Park (KLP), spanning 161,000 squares meters in Abu Dhabi, to Aldar Properties at an amount of AED 650 million ($177 million). The sale deal comes …
Riyadh – Mubasher: Kingdom Holding Company has achieved net profits worth SAR 268.88 million during the first quarter (Q1) of 2026, signaling a 37.70% decrease from SAR 431.61 million in Q1-25. The earnings per share (EPS) stood at SAR 0.07 in …
Riyadh - Mubasher: The Company for Cooperative Insurance’s (Tawuniya) board members approved increasing the capital by 50% to SAR 2.25 billion from SAR 1.50 billion through the issuance of one bonus share for every held two shares. The capital …
Cairo – Mubasher: French tech company Valeo has launched an AI Development Center in Cairo, celebrating the 20th anniversary of Valeo Egypt, according to a press release. Minister of Communications and Information Technology Raafat Hendy …
Riyadh – Mubasher: Riyadh-based capital market institution Ashmore Investment Saudi Arabia has completed its second acquisition via its Education Investment Fund, marking another step in its strategy to expand the Kingdom’s education sector in …
Riyadh - Mubasher: ADES Holding Company was awarded a SAR 345 million ($92 million) contract from Valeura Energy, a subsidiary of Valeura Energy Inc., to provide offshore drilling services in Thailand. The agreement comprises a three-year tenor, …
Riyadh - Mubasher: Saudi Arabia-based AI contract management startup Signit has secured $15 million in Series A funding to accelerate its expansion across the Kingdom and strengthen its enterprise platform. The round was led by Raed Ventures, with …
Riyadh - Mubasher: Riyadh Development Company has signed an agreement to sell all its units in the Al Arabi Riyadh Development Real Estate Fund to Sumou Holding Company for a total value of SAR 184.47 million. The transaction will be paid …
Riyadh - Mubasher: The Saudi Public Investment Fund (PIF) and State Street Investment Management (State Street IM) have launched a new exchange-traded fund (ETF), with PIF serving as the fund’s anchor investor. The fund, known as State Street …
Cairo - Mubasher: International Company for Leasing (Incolease) aims to expand its financial leasing portfolio to EGP 18 billion by the end of 2026, CEO Khaled Sarhan revealed. This target is higher than the EGP 13.20 billion recorded in 2025, …
Cairo - Mubasher: Drive Finance, a subsidiary of GB Corp, has completed its seventh securitization bond issuance at a value of EGP 2.20 billion, as per a bourse filing. Rated by Middle East Ratings and Investors Service (MERIS), the offering …
Riyadh - Mubasher: Consolidated Grünenfelder Saady Holding Company (CGS) has secured a EUR 6.78 million award from S2 Company for Management and Development of Lands and Real Estate. The scope of work includes the development of the WH-01 18K …
Cairo - Mubasher: Egypt-based startup Sinai.ai has closed a $1.45 million pre-seed funding round, led by KAUST Innovation Ventures (KIV) and DisrupTech Ventures, with participation from Maza Ventures and YOUXEL Ventures. The new capital will fund …
Cairo - Mubasher: Madaar Developments has launched its residential project, The Hillage, in Sheikh Zayed City, with total investments exceeding EGP 15 billion, according to a press release. Integrating innovative architectural design with a calm …
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike requests of Atlas Elevators General Trading and Contracting Company and Multi Business Group Company, according to bourse statements. Atlas Elevators intends to raise …
Abu Dhabi - Mubasher: Investcorp Capital has invested $200 million in US residential real estate, expanding its exposure to senior living and selectively re-entering the multifamily segment as housing market conditions improve. The portfolio …
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has inked a SAR 132.43 million contract with Saudi Telecom Company (stc) on 20 April 2026. The agreement aims to design, provision, refresh, and modernize the …
Abu Dhabi - Mubasher: Aldar Properties and Mubadala Investment Company have acquired The Link at Masdar City through their joint venture (JV) formed in 2024, in a deal valued at AED 654 million. The takeover transaction expands the partners’ …
Cairo - Mubasher: B Investments Holding signed definitive agreements to acquire a minority stake in the European Universities in Egypt (EUE) for a total amount of EGP 560 million, according to a bourse filing. The EGX-listed firm will inject the …
UAE - Mubasher: Dubai Multi Commodities Centre (DMCC) plans to launch a Cacao Centre, a new trade platform for integrated cacao trading, processing and innovation ecosystem, according to a press release. The plans will further position Dubai as a …
Cairo - Mubasher: Housing and Development Properties (HDP), a subsidiary of Housing and Development Bank (HD Bank), secured an EGP 1.50 billion financing from MIDBANK. The real estate unit will utilize the loan to drive expansion plans while …
Cairo - Mubasher: Palm Hills Developments Company entered into a partnership agreement with UAE-based Miran Hills Real Estate to launch a major coastal project in Ras Al Hikma on Egypt’s North Coast. The development will cover 5.65 million square …
Cairo - Mubasher: Fawry for Banking Technology and Electronic Payments has received the Financial Regulatory Authority's (FRA) approval to establish a dedicated microinsurance subsidiary, with a paid-in capital of EGP 60 million. Fawry for …
UAE - Mubasher: AMIS Development has received additional funding from a leading Singaporean investment fund following an earlier AED 5 billion commitment, according to a press release. The fresh capital will support AMIS Development’s expanding …
Dubai - Mubasher: Al Ramz Corporation Investment and Development announced the initial public offering (IPO) of two new open-ended GCC investment funds, expanding its asset management platform across fixed income and equity strategies. The …
