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23 April 2025 06:52 PM Global group Hilton pens 2 development deals in Egypt
Mubasher: Global hotels and resorts group Hilton signed two new properties in Cairo’s New Administrative Capital (NAC) in partnership with Panax Company, part of Selim Holding Group, according to a press release. Expected to open in 2028, Hilton …
Real estate
Photo Archive
23 April 2025 06:39 PM Al Rajhi Bank’s profits surge to SAR 5.9bn in Q1-25
Riyadh - Mubasher: The net profits after Zakat and tax of Al Rajhi Bank increased by 34.07% year-on-year (YoY) to SAR 5.90 billion in the first quarter (Q1) of 2025, compared to SAR 4.40 billion. The clients' deposits hit SAR 629.22 billion in the …
Financial Results
Photo Gallery
23 April 2025 06:13 PM PayPal expands in MEA with new Dubai office
UAE - Mubasher: PayPal launched a new regional hub in Dubai, which serves as the company’s first-ever location in the Middle East and Africa (MEA) region. The Dubai Internet City office anchors PayPal’s commitment to enabling millions more …
Companies Investments
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23 April 2025 05:08 PM Intelcia opens regional office in Egypt
Cairo – Mubasher: Intelcia, a global leader in outsourcing services, has officially inaugurated its new regional headquarters in Egypt, according to a press release. Located in Ivory Business Park in Sheikh Zayed City, the new office is part of …
Companies Investments
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23 April 2025 01:30 PM Mobily logs SAR 767m profits in Q1-25
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) generated SAR 767 million in net profit during the first quarter (Q1) of 2025, up 20.21% year-on-year (YoY) from SAR 638 million. The company’s revenues increased by 5.10% to SAR 4.77 billion in …
Financial Results
Photo Archive
23 April 2025 00:50 PM solutions, stc sign SAR 142.5m contract
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 142.40 million deal with Saudi Telecom Company (stc) on 21 April 2025, according to a bourse filing. The deal covers establishing and developing the …
Companies Investments
Photo Archive
23 April 2025 00:02 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 the funds …
Mutual Funds
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23 April 2025 09:30 AM Dubai-based startup Arabic.AI launches MENA’s 1st agentic AI platform
UAE – Mubasher: Tarjama’s Arabic.AI platform has launched MENA's first agentic AI platform specifically engineered for the Arabic language, according to a press release. Founded in the UAE in 2008 by Nour Al Hassan, Tarjama has been committed to …
Global Economy
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22 April 2025 07:57 PM 7awi enhances regional presence via new appointment for Saudi Arabia
Mubasher: Dubai-based 7awi Media Group has named Amjad Fakhoury as the new Country Head for its operations in Saudi Arabia to lead the company’s strategic expansion, according to a press release. The new appointment of Fakhoury aims to drive …
Global Economy
Mapei Group
22 April 2025 03:54 PM Italian group Mapei opens production facility in Egypt
Cairo – Mubasher: The Mapei Group for the production of chemical products for the building industry has strengthened its industrial presence in North Africa with the opening of a new production plant in Egypt. The new facility is located in the …
Companies Investments
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22 April 2025 01:42 PM Aldrees sees 29.5% higher net profits in Q1-25
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company achieved SAR 100.10 million in net profit during the first quarter (Q1) of 2025, an annual hike of 29.32% from SAR 77.40 million. Revenues jumped by 33.75% to SAR 5.82 billion in …
Financial Results
Photo Archive
22 April 2025 00:30 PM Othaim Markets renews SAR 634m leas deal
Riyadh – Mubasher: Abdullah Al Othaim Markets Company renewed a lease contract worth SAR 633.70 million for the commercial complex in Dammam City on 20 April 2024. The deal has an annual rental value of SAR 39 million in addition to a compounded …
Companies Investments
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22 April 2025 00:17 PM SNB’s net profits jump 19.5% in Q1-25
Riyadh – Mubasher: The Saudi National Bank (SNB) posted an annual rise of 19.48% in net profit to SAR 6.02 billion during the first quarter (Q1) of 2025, compared to SAR 5.04 billion. Earnings per share (EPS) went up to SAR 0.96 as of 31 March …
Banking and Finance
Photo Archive
22 April 2025 10:31 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher:  Based on 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 the funds …
Global Economy
Photo Archive
22 April 2025 09:56 AM First Mills secures SAR 630m loan from SAB
Riyadh – Mubasher:  First Milling Company (First Mills) penned a long-term sharia-compliant bank facility agreement worth SAR 630 million with the Saudi Awwal Bank (SAB) on 20 April 2025. First Mills will use the loan to support its commercial and …
Companies Investments
Photo Archive
21 April 2025 04:10 PM Aramco, BYD to boost innovation of energy vehicle technologies
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and BYD, a leading manufacturer of new energy vehicles and power batteries, agreed to explore cooperation opportunities in new energy vehicle technologies. This partnership leverages the …
Companies Investments
Photo Archive
21 April 2025 03:26 PM Sumou Real Estate awarded SAR 680m development agreement
Riyadh – Mubasher: Sumou Real Estate Company announced a SAR 680 million development deal with the National Housing Company to establish more than 900 Residential Villas in the Makkah Gate project. The company was awarded the project on 20 April …
Companies Investments
Photo Archive
21 April 2025 01:52 PM Saudi Chemical’s board mulls SAR 42m dividends for 2024
Riyadh – Mubasher: The board of Saudi Chemical Company proposed cash dividends of SAR 42.16 million for 2024, according to a bourse disclosure. The company will disburse a dividend of SAR 0.05 per share, equivalent to 5% of the share capital, for …
Board of Directors
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21 April 2025 00:11 PM Riyad Bank’s profits cross SAR 2.4bn in Q1-25
Riyadh – Mubasher: Riyad Bank logged 19.93% year-on-year (YoY) higher net profits at SAR 2.48 billion in the first quarter (Q1) of 2025, compared to SAR 2.07 billion. The clients' deposits stood at SAR 304.09 billion in Q1-25, up 12.23% from SAR …
Banking and Finance
Photo Archive
21 April 2025 09:47 AM Banque Saudi Fransi’s profits jump 16.5% in Q1-25
Riyadh – Mubasher: The net profits of Banque Saudi Fransi increased by 16.34% to SAR 1.33 billion in the first quarter (Q1) of 2025, compared to SAR 1.15 billion at the end of March 2024. The clients' deposits stood at SAR 190.72 billion in Q1-25, …
Banking and Finance
Photo Archive
20 April 2025 04:38 PM Al Jouf Cement turns to SAR 28m losses in 2024
Riyadh – Mubasher: Al Jouf Cement Company shifted to net losses valued at SAR 27.73 million in 2024, compared to net profits worth SAR 37.67 million a year earlier. Revenues declined by 4.75% to SAR 256.50 million in 2024 from SAR 269.28 million …
Financial Results
Photo Archive
20 April 2025 03:32 PM First Avenue rolls out SAR 188m acquisition deal
Riyadh – Mubasher: Al Shate’a Real Estate Fund, in which First Avenue Real Estate Development Company holds a 15% stake, has acquired a commercial plot of land in the Al Shate’a district of Jeddah. Located on Sari Street and spanning nearly 15,000 …
Companies Investments
Photo Archive
20 April 2025 01:55 PM Shaker Group unveils 5% of capital as dividends for 2024
Riyadh – Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) announced cash dividends amounting to SAR 27.75 million, representing 5% of the capital, for 2024. Shaker Group will pay out a dividend of SAR 0.50 per share for 55.50 …
Board of Directors
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20 April 2025 00:56 PM Jarir Bookstores logs over SAR 217m profits in Q1-25
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) registered SAR 217.30 million in net profit during the first quarter (Q1) of 2025, down 0.91% year-on-year (YoY) from SAR 219.30 million. Revenues increased by 2.65% to SAR 2.72 billion …
Financial Results
Photo Archive
20 April 2025 00:10 PM Almarai generates SAR 731m profits in Q1-25
Riyadh – Mubasher: Almarai Company posted 5.62% year-on-year (YoY) higher net profits at SAR 731.19 million in the first quarter (Q1) of 2025, versus SAR 692.22 million. The company's revenues increased by 5.65% YoY to SAR 5.76 billion in Q1-25 …
Financial Results