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24 December 11:14 PM

Companies Investments

International Holding Company (IHC)
3 hours ago IHC unveils majority acquisition of Peko to strengthen digital services
Abu Dhabi – Mubasher: International Holding Company (IHC) has acquired a 70% stake in Peko Holdings Limited, a technology-driven firm delivering an integrated digital platform that is designed to simplify and automate core business operations, …
Mergers and Acquisitions
IMKAN and Majestic Group
5 hours ago IMKAN acquires 51% of Majestic Group to endorse regional infrastructure, development businesses
UAE – Mubasher: Abu Dhabi Capital Group’s (ADCG) subsidiary IMKAN has acquired a 51% stake in Majestic Marine Investments Group, which is focused on marine engineering and marina construction and operates across the UAE and Saudi Arabia. Majestic …
Mergers and Acquisitions
Photo Archive
02:51 PM Prices of investment funds including certificates in EGP, USD – Update
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 as well as the price of each certificate in EGP, except for …
Trading Activities
KKR
23 December 11:41 PM Global firm KKR unveils 1st investment in Saudi Arabia through partnership with ACWA Power
Riyadh – Mubasher: US private equity company KKR has entered into a strategic financing transaction with ACWA Power in a transaction that marks the first investment for KKR in Saudi Arabia, according to a press release. The collaboration …
Global Economy
First Abu Dhabi Bank (FAB)
23 December 09:39 PM FAB teams up with Mastercard for new businesses product in first for EEMEA region
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has collaborated with Mastercard to officially launch the company’s proprietary mobile-first virtual card number (VCN) solution for businesses, according to a press release. The new solution, which …
Banking and Finance
Greenhouse Foodstuff Trading
23 December 06:42 PM Region’s Greenhouse unveils expansion into UAE’s AED 5.5bn fine dining market
Mubasher: Greenhouse Foodstuff Trading is adding more focus into the UAE’s fine-dining sector through different premium products to address the demand for high-end ingredients from leading chefs and restaurateurs in the region. The expansion plan …
Global Economy
Dream of the Desert Train
23 December 03:59 PM Italy’s Arsenale makes debut in Middle East via ultra-luxury train in Saudi Arabia
Riyadh – Mubasher: Italian company Arsenale S.p.A has collaborated with SIMEST of the Cassa Depositi e Prestiti Group for the first Italian ultra-luxury train in Saudi Arabia under the name Dream of the Desert, according to a press release. This …
Global Economy
Photo Archive
23 December 01:50 PM Prices of investment funds including certificates in EGP, USD – Update
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 as well as the price of each certificate in EGP, except for …
Banking and Finance
Photo Archive
22 December 07:54 PM Qassim Cement secures SAR 1.5bn credit facility from SNB
Riyadh - Mubasher: Qassim Cement Company has signed a Shariah-compliant credit facility agreement with the Saudi National Bank (SNB) valued at SAR 1.50 billion on 22 December. The ten-year facility will support the financing of the company’s …
Banking and Finance
Photo Archive
22 December 07:06 PM First Avenue acquires new tower in Riyadh for SAR 310m
Riyadh - Mubasher: First Avenue for Real Estate Development Company has acquired the ‘Capital Avenue – Al Qirawan’ tower in Riyadh at a cost of approximately SAR 310 million. The transaction was executed by purchasing all partners’ stakes in the …
Companies Investments
Photo Archive
22 December 06:08 PM Fitch assigns ‘B+’ rating to Gulf Navigation’s AED 612m Sukuk issuance
Dubai - Mubasher: Fitch Ratings has assigned a ‘B+’ rating to Gulf Navigation Holding’s new sukuk issuance at AED 612 million ($167 million), reflecting the company’s solid financial position and stable outlook. The issuance has been primarily …
Ratings
Photo Archive
22 December 03:53 PM Edita witnesses EGP 1.2bn block-trading deal
Cairo - Mubasher: Edita Food Industries completed a block-trading transaction at a total value of EGP 1.26 billion on Monday, 22 December. The agreement was implemented on 51.46 million shares, the Egyptian Exchange (EGX) announced. Through its …
Companies Investments
Photo Archive
22 December 03:22 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 …
Corporate Actions
Photo Gallery
22 December 02:25 PM e&’s subsidiary fully acquires UPC Slovakia from Liberty Global
Abu Dhabi – Mubasher: O2, the mobile operator in Slovakia and part of the e& PPF Telecom Group, signed a binding agreement with Liberty Global to take over UPC Broadband Slovakia (UPC Slovakia) for of EUR 95 million on a cash-free, debt-free …
Companies Investments
Photo Archive
22 December 02:08 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 …
Management Decisions
Photo Archive
22 December 01:23 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. …
Corporate Actions
Al Wathba Insurance
22 December 01:01 PM Al Wathba Insurance becomes 1st UAE insurer to access Lloyd’s of London
Abu Dhabi - Mubasher: Al Wathba National Insurance Company invested in London Bridge 2 PCC, Cell 27, marking a major step in its growth journey with the finalization of a key strategic investment. In line with its revenue diversification strategy, …
Companies Investments
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22 December 12:02 PM Moneyhash partners with Mastercard to expand payment services globally
UAE – Mubasher: Moneyhash joined forces with Mastercard to expand merchant access to its Merchant Cloud platform across the Middle East and Africa, according to a press release. The partnership allows connecting Mastercard’s Gateway through a …
Companies Investments
Photo Archive
21 December 07:04 PM Theeb Rent a Car signs SAR 110m leasing deal with HungerStation
Riyadh - Mubasher: Theeb Rent a Car Company has inked a long-term vehicle leasing contract valued at SAR 110.40 million with HungerStation Company, according to a bourse disclosure. Under the four-year agreement, Theeb Rent a Car will lease 2,000 …
Companies Investments
Photo Archive
21 December 06:32 PM EFG Hermes advises on EGP 1.1bn bond issuance for MLF Finance
Cairo - Mubasher: EFG Hermes, an EFG Holding company, has concluded its advisory role on a securitized bond issuance for MLF Finance at EGP 1.13 billion. The transaction marks MLF Finance’s first issuance under its new EGP 12 billion …
Companies Investments
Photo Gallery
21 December 05:38 PM PureHealth signs agreement with EPX for energy project
Abu Dhabi - Mubasher: PureHealth Holding has launched a new energy efficiency and monitoring project in collaboration with smart building analytics company EPX. The initiative will lower operational emissions by more than 36,000 tons of CO₂ …
Companies Investments
Photo Archive
21 December 04:22 PM Saudi Ceramics fosters business in Saudi Arabia via new showroom
Riyadh - Mubasher: Saudi Ceramic Company (Saudi Ceramics) has opened a new showroom in Al-Hofuf, marking its 66th retail location across Saudi Arabia, according to a bourse filing. The opening is part of Saudi Ceramics’ ongoing expansion in the …
Companies Investments
Photo Archive
21 December 03:12 PM Tamweel issues Middle East’s 1st Mudaraba Sukuk to finance EGP 5.5bn acquisition deal
Cairo - Mubasher: Tamweel Mortgage Finance has raised EGP 5.52 billion through the issuance of the Middle East’s first Mudaraba sukuk, according to a press release. The offering aims will be used to acquire under-construction residential units …
Companies Investments
Photo Gallery
21 December 02:13 PM Premialab accelerates global expansion via $220m funding
UAE – Mubasher: UAE-headquartered Premialab has raised $220 million in a growth investment led by KKR, alongside existing investor Balderton, according to a press release. Under the terms of the agreement, KKR will lead a significant growth …
Companies Investments
Photo Archive
21 December 01:23 PM IEEC’s board approves 2 acquisitions at EGP 740m
Cairo - Mubasher: The board members of Industrial and Engineering Enterprises Company (IEEC) greenlighted, during their meeting on 20 December, the acquisition of Enterprise Sigma Technology for a value of up to EGP 300 million. Moreover, IEEC …
Board of Directors