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25 June 2025 03:00 AM Altery scales financial services in MENA via DFSA license
Mubasher: Altery MENA Limited, a subsidiary of UK-based fintech Altery Limited, secured a regulatory license from the Dubai Financial Services Authority (DFSA), according to a press release.This move supports Altery’s global strategy to establish reg
Global Economy
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24 June 2025 03:00 AM Armah rolls out SAR 244m deal with Banan Real Estate’s subsidiary
Riyadh - Mubasher: Armah Sports Company has penned a SAR 244.11 million deal with Qimam Nashaz Real Estate Development Company, a unit of Banan Real Estate Company.Under the development and operation contract, Qimam Nashaz will build two fully equipp
Companies Investments
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24 June 2025 03:00 AM Gas Arabian forms JV with Italy-based BONOMI
Riyadh - Mubasher: Gas Arabian Services Company (GAS) signed a joint venture (JV) agreement with Italy-based BONOMI Company on 21 June 2025.The partnership aims to establish a new limited liability company under the name BONOMI Saudi Arabia Factory L
Companies Investments
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24 June 2025 03:00 AM Asas Makeen, Kuwait’s Securities House to boost Saudi Arabia’s real estate sector
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company signed a memorandum of understanding (MoU) with The Securities House, a Kuwaiti public joint stock company listed on Boursa Kuwait.The MoU, signed on 22 June 2025, supports
Companies Investments
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24 June 2025 03:00 AM Jadwa acquires majority stake in Saudi retailer Makhazen Alenaya
Riyadh – Mubasher: Jadwa Investment has acquired a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund, according to a press release.The transaction marks Jadwa’s fourth investment und
Mergers and Acquisitions
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24 June 2025 03:00 AM GASCO to pay over SAR 86m dividends for H1-25
Riyadh – Mubasher: The board members of National Gas and Industrialization Company (GASCO) approved cash dividends valued at SAR 86.30 million for the first half (H1) of 2025.GASCO will pay out a dividend of SAR 1.15 per share, representing 11.50% of
Board of Directors
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24 June 2025 03:00 AM Dar Al Arkan to issue USD fixed-rate senior Sukuk
Riyadh - Mubasher: Dar Al Arkan Real Estate Development Company plans to issue a USD-fixed-rate, Shariah-compliant 'RegS' senior unsecured Sukuk in the global market.The company has mandated a consortium of banks as joint lead managers and bookrunner
Delistings
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24 June 2025 03:00 AM Burjeel Holdings supports regional growth via AED 170m acquisition deal
Abu Dhabi - Mubasher: Burjeel Holding has acquired the Medeor 24x7 Hospital building in Dubai for AED 170 million, according to a press release.The acquisition aligns with the group’s long-term strategy to enhance operational control, reduce fixed le
Mergers and Acquisitions
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24 June 2025 03:00 AM Specialized Medical Company to start trading on Tadawul this week
Riyadh – Mubasher: Specialized Medical Company (SMC) is set to begin the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) on Wednesday, 26 June 2025.The Saudi firm will float 75 million shares, equivalent to 30% of
Companies Investments
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24 June 2025 03:00 AM TADCO submits 53% capital reduction request to CMA
Riyadh - Mubasher: Tabuk Agricultural Development Company (TADCO) has submitted an application to the Capital Market Authority (CMA) for approval to reduce its capital by 52.94%.The request, submitted on 23 June 2025, follows the board’s recommendati
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24 June 2025 03:00 AM 2P Perfect Presentation signs SAR 87m deal with Saudi gov’t
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has inked a SAR 87.15 million contract with the Ministry of Commerce.The agreement covers the establishment, operation, and development of the ministry’
Companies Investments
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23 June 2025 03:00 AM Saudia expands regional footprint via flights to El-Alamein, Salalah
Riyadh – Mubasher: Saudia officially launched flights from Jeddah to El-Alamein in Egypt and Salalah in Oman, according to a press release.The new El-Alamein route marks Saudia’s fourth destination in Egypt, with three weekly flights operating from K
Companies Investments
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23 June 2025 03:00 AM Gulf General announces key appointments
Riyadh - Mubasher: Gulf General Cooperative Insurance Company named Mazen Hani Altamimi and Taher Mohammed Omar Agueel as the board’s Chairman and Vice Chairman, respectively. The two officials took over for a three-year term that started on 16 May 2
Delistings
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23 June 2025 03:00 AM PIF launches CP program to boost funding sources; ‘P-1’ rating granted by Moody's
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched its commercial paper (CP) program, adding a new source of funding to its existing instruments, according to a press release. The program allows CP issuance through offshore special-pu
Companies Investments
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22 June 2025 03:00 AM SIDCS’s Emmdad secures SAR 10m Sharia-compliant loan from Social Development Bank
Riyadh - Mubasher: Emmdad Logistic Services Company, a subsidiary of Saudi Industrial Development Company (SIDC), has signed a Sharia-compliant financing agreement worth SAR 10 million with the Social Development Bank.The five-year financing agreemen
Companies Investments
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22 June 2025 03:00 AM First Milling inks SAR 69.5m financing deal with SIDF
Riyadh - Mubasher: First Mills Company has signed a SAR 69.40 million financing facility agreement with the Saudi Industrial Development Fund (SIDF), according to a bourse filing.The funding aims to support the company's capital expenditure for sever
Delistings
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22 June 2025 03:00 AM Union Insurance reduces capital by 30.5% to offset accumulated losses
Abu Dhabi - Mubasher: Union Insurance Company reduced its capital by 30.50% from AED 330.93 million to AED 230 million to offset accumulated losses amounting to AED 142.74 million.The transaction will be executed by utilizing AED 41.80 million from r
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22 June 2025 03:00 AM Arabia Insurance, United Cooperative Assurance ink MoU to explore potential merger
Riyadh - Mubasher: Arabia Insurance Cooperative Company and United Cooperative Assurance Company agreed to evaluate a potential merger between the two firms.Under the non-binding memorandum of understanding (MoU), the two companies will merge through
Companies Investments
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22 June 2025 03:00 AM Burjeel Holdings’ Alkalma launches regional mental health platform
Abu Dhabi – Mubasher: Burjeel Holdings has launched four specialist mental health centers under its mental health and wellbeing platform, Alkalma, through the integration of Aspris Healthcare facilities.The centers are located in Dubai’s City Walk an
Global Economy
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22 June 2025 03:00 AM Aldar registers AED 3.4bn in Fahid Island sales during launch week
Abu Dhabi – Mubasher: Aldar Properties generated more than AED 3.50 billion in sales at Fahid Beach Residences and The Beach House, according to a press release.The Fahid Island homes attracted several buyers due to their position as Abu Dhabi’s firs
Real estate
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22 June 2025 03:00 AM UK-based Axia Media expands global footprint via Dubai office
UAE – Mubasher: Axia Media Group, a UK-based provider of financial and business services, has inaugurated a new office in Dubai to enhance its presence in the Middle East.The launch aligns with the company’s strategy to support its growing client bas
Companies Investments
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22 June 2025 03:00 AM FAB becomes MENA’s 1st lender to join CIPS as direct participant
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has become the first lender in the MENA region to join the cross-border Interbank Payment System (CIPS) as a direct participant (DP), according to a press release.FAB’s direct participation in CIPS, th
Global Economy
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22 June 2025 03:00 AM Al Hammadi Holding, Cenomi Centers unveil new board leadership
Riyadh - Mubasher: Al Hammadi Holding and Arabian Centres Company (Cenomi Centers) have appointed new board leadership, according to two separate disclosures.Al Hammadi Holding named Abdulaziz bin Mohammed Al Hammadi as the Chairman and Mohammed bin
Board of Directors
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22 June 2025 03:00 AM Serco extends AED 495m deal with Dubai Airports
UAE – Mubasher: Serco extended its contract with Dubai Airports at a value of AED 495 million (GBP100 million) to run until December 2030, according to a recent press release.The five-year extension builds on a guest experience partnership over six y
Companies Investments
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19 June 2025 03:00 AM PIF launches ERC to support Expo 2030 Riyadh
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched Expo 2030 Riyadh Company (ERC) to build and operate the facilities of Saudi Arabia’s first World Expo, according to a press release.Spanning 6 million square meters, Expo 2030 Riyadh
Global Economy