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24 December 07:11 AM

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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 …
Companies Investments
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
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 …
Companies Investments
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 …
Real estate
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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
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, …
Global Economy
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 05:29 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 …
General Assembly
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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 11:54 AM SENAAT’s subsidiary in Egypt awarded over SAR 348.5m project award
Riyadh - Mubasher: Zamil Structural Steel Company, an Egyptian subsidiary of Advanced Building Industries Company (SENAAT), has been awarded a contract for a project with Qatar-based Elegancia Steel Company. The agreement covers the design, …
Companies Investments
Photo Archive
18 December 07:36 AM Ratio inks SAR 100m MoU with Silk Solutions
Riyadh - Mubasher: Ratio Speciality Company for Trading inked a memorandum of understanding (MoU) with Silk Solutions Company, the owner of the ‘fina’ brand, to develop the coffee sector. Both sides signed the deal on 8 December 2025 at an …
Companies Investments
Photo Gallery
17 December 11:55 AM Saudi Elm ups stake in Sahl Almadar Trading
Riyadh - Mubasher: Elm Company has signed an agreement to increase its stake in Sahl Almadar Trading Company, the owner of the Madar Digital Platform, according to a press release. The agreement highlights Elm’s commitment to bolstering the …
Mergers and Acquisitions
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16 December 05:50 PM SARCO establishes new unit Clean Energy
Riyadh - Mubasher: Saudi Arabia Refineries Company (SARCO) has completed the issuance of the articles of association and commercial registration for its wholly owned subsidiary, Clean Energy Company. The limited liability single-member entity is …
Companies Investments
Photo Archive
16 December 05:07 PM Riyadh Cement’s board proposes SAR 72m dividends for H2-25
Riyadh - Mubasher: The board of Riyadh Cement Company has recommended cash dividends worth SAR 72 million, equivalent to 6% of the company’s SAR 1.20 billion issued capital, for the second half (H2) of 2025. The Saudi company will disburse a …
Board of Directors
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16 December 03:18 PM Elsewedy Electric fuels regional expansion via new investments in Saudi Arabia, Qatar
Cairo - Mubasher: Elsewedy Electric Company announced expansion plans in Saudi Arabia and Qatar in line with its growth strategy, according to a bourse disclosure.  The EGX-listed firm has opened new factories in Saudi Arabia, spanning the …
Companies Investments
Photo Archive
16 December 10:11 AM Almarai’s board proposes SAR 1.1bn cash dividends for 2025
Cairo - Mubasher: Almarai Company announced the board’s recommendation to pay cash dividends of SAR 1.15 billion for 2025, according to a bourse disclosure. The group will disburse SAR 1.15 per share for 1 billion eligible shares after obtaining …
Cash Dividends
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16 December 09:53 AM ACWA Power boosts energy, water projects in Africa via $5bn financing with AfDB
Riyadh – Mubasher: ACWA Power Company has signed a cooperation framework with the African Development Bank (AfDB) to expand investment and financing of power generation and water desalination projects across the African continent. Both sides plan …
Companies Investments
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16 December 09:26 AM LuLu boosts regional expansion strategy with new launch in Saudi Arabia
Abu Dhabi - Mubasher: Lulu Retail Company has opened a new hypermarket in Aziz Mall, bringing its total store network in Saudi Arabia to 65 locations, according to a press release. The opening aligns with Lulu’s expansion roadmap, with additional …
Companies Investments
Photo Archive
15 December 06:27 PM Red Sea International’s subsidiary extends multi-purpose funding with Saudi listed lenders
Riyadh - Mubasher: The Fundamental Installation for Electric Work Company, a subsidiary of Red Sea International Company, has secured extensions to its multi-purpose funding facilities with Alinma Bank and Riyad Bank. The two facilities aim to …
Banking and Finance
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15 December 05:40 PM Taiba Investments pens SAR 181.5m deal for hotel project in Riyadh
Riyadh - Mubasher: The Smart Hotel Zone Company, owned 84% by Taiba Investments Company, inked a SAR 181.50 million agreement with Al Saad Contracting Company. The unit will carry out the construction works of the Marriott Hotel building project …
Companies Investments
Photo Archive
15 December 05:39 PM Riyadh Cement inks SAR 85m EPC deal for grid station construction
Riyadh - Mubasher: Riyadh Cement Company has signed an engineering, procurement, and construction (EPC) contract worth SAR 85 million with Chengdu Design and Research Institute. Signed on 14 December 2025, the agreement covers the construction of …
Companies Investments
Photo Gallery
14 December 07:37 PM IHC expands global portfolio by increasing stake in Invictus Investment
Abu Dhabi - Mubasher: International Holding Company (IHC) has raised its stake in Invictus Investment Company to approximately 40% in a major block trade valued at AED 420 million. IHC acquired 196 million shares, adding a further 17.50% …
Companies Investments
Photo Archive
14 December 07:01 PM Pan Gulf signs SAR 135m financing agreement with Banque Saudi Fransi
Riyadh - Mubasher: Pan Gulf Marketing Company inked a Sharia-compliant bank facility deal with Banque Saudi Fransi at a value of SAR 135 million on 14 December 2025. The company will use the loan to finance its working capital for one year, …
Banking and Finance
Photo Archive
14 December 05:41 PM Jarir opens new showroom in Makkah at SAR 6m
Riyadh - Mubasher: Jarir Marketing Company (Jarir Bookstores) opened a new showroom in Inside Clock Towers Mall, marking the 64th showroom in the Kingdom and the 75th of the total centers inside and outside Saudi Arabia. Located in Makkah …
Companies Investments
Photo Archive
14 December 09:56 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 …
Corporate Actions