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14 November 06:54 AM

Companies Investments

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5 November 03:00 AM ADNOC Drilling fosters GCC expansion via stake acquisition in MB Petroleum Services
Abu Dhabi – Mubasher: ADNOC Drilling Company has entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), according to a press release.Subject to regulatory approvals, the transaction marks its second acquisition in the reg
Mergers and Acquisitions
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4 November 03:00 AM EFG Holding completes Bank NXT’s EGP 4.2bn capital raise
Cairo – Mubasher: EFG Holding has completed a capital increase at Bank NXT, executed at par value with full participation from all shareholders, according to a press release.The total capital increase amounted to EGP 4.20 billion, to which EFG Holdin
Companies Investments
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2 November 03:00 AM Obeikan Glass to launch SAR 430m SAR-denominated Sukuk programs
Riyadh - Mubasher: The board of  Obeikan Glass Company approved plans, on 19 October, to establish SAR-denominated Sukuk programs worth SAR 430 millionThe issuance will be used to finance expansion projects and support strategic goals, according to a
Companies Investments
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29 October 03:00 AM Aramco eyes minority stake in PIF-owned HUMAIN to reinforce AI capabilities globally
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) signed a non-binding term sheet with the Saudi Public Investment Fund (PIF) to acquire a minority stake in HUMAIN, according to a press release.The oil giant aims to advance a full range of AI cap
Companies Investments
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29 October 03:00 AM Aldar launches AED 3.8bn projects across Abu Dhabi to boost portfolio
Abu Dhabi - Mubasher: Aldar Properties has unveiled AED 3.80 billion in new residential, commercial, and logistics projects across Abu Dhabi, expanding its develop-to-hold pipeline to AED 17.60 billion.The developments reinforce Aldar’s Abu Dhabi lea
Real estate
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29 October 03:00 AM Jamjoom Pharma, PIF-backed Lifera launch JV to strengthen Saudi biopharma manufacturing ecosystem
Riyadh - Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) signed a non-binding term sheet with Pharmaceutical Investment Company (Lifera), a Public Investment Fund (PIF) entity, on 27 October.The term sheet aims to form a joint vent
Companies Investments
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29 October 03:00 AM Dr. Sulaiman Al Habib unveils SAR 1.9bn hospital projects in Riyadh, Dammam
Riyadh - Mubasher: The board of Dr. Sulaiman Al Habib Medical Services Group approved two new integrated hospital projects in Riyadh and Dammam, with a combined estimated value of SAR 1.97 billion.The Riyadh hospital will be developed by Bawabat AlGh
Companies Investments
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29 October 03:00 AM Eastern Cement secures SAR 300m financing from SIDF
Riyadh - Mubasher: Eastern Province Cement Company inked a SAR 300 million financing contract with the Saudi Industrial Development Fund (SIDF) on 26 October.The funds will support the construction of a new production line at the company’s plant, wit
Companies Investments
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29 October 03:00 AM Tabreed raises AED 1.8bn new debt facility to support investments
Dubai - Mubasher: National Central Cooling Company (Tabreed) has secured AED 1.80 billion in new bank debt to fund its strategic growth initiatives and optimize its capital structure.The financing will support Tabreed’s growth, investments, and diver
Companies Investments
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29 October 03:00 AM PIF promotes UK-based companies’ business in Saudi market via $6.8bn MoU
Riyadh - Mubasher: The Saudi Public Investment Fund (PIF) and UK Export Finance (UKEF) have signed a memorandum of understanding (MoU) to boost financial cooperation and expand trade and investment opportunities between the two countries.Under the pa
Companies Investments
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28 October 03:00 AM Aramco closes $11bn Jafurah midstream deal to expand production
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) completed its $11 billion lease and leaseback investment agreement for its Jafurah gas processing facilities, according to a press release.The deal witnessed the participation of a consortium of i
Companies Investments
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28 October 03:00 AM Emirates NBD closes finance lease facility of 2 A321neo aircraft for IndiGo
Dubai – Mubasher: Emirates NBD has executed its aircraft finance lease facility with India-based airline IndiGo, providing financing to support the acquisition of two Airbus A321neo aircraft.This transaction aligns with Emirates NBD’s dedicated Aviat
Delistings
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27 October 03:00 AM Madinet Masr eyes EGP 20bn sales from Park Tree Elm project
Cairo - Mubasher: Madinet Masr Housing and Development unveiled a new development within the Saray mixed-use project, with a total investment of EGP 11 billion.The new project, known as Park Tree Elm, is strategically located near the New Administrat
Companies Investments
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27 October 03:00 AM Al Majed for Oud strengthens regional footprint via branch in ADGM
Riyadh - Mubasher: The board of Al Majed for Oud Company has approved the establishment of a branch in the Abu Dhabi Global Market (ADGM) to reinforce its regional presence, according to a bourse disclosure.Al Majed for Oud will adhere to the measure
Global Economy
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27 October 03:00 AM Karm announces 1st global venture through KarmCyprus
Cairo - Mubasher: Egypt’s pioneering solar energy utility Karm (KarmSolar) has established KarmCyprus, the company’s first international venture, marking its official expansion into the Cypriot energy market.In line with the group’s expansion strateg
Companies Investments
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27 October 03:00 AM Valu, Amazon Egypt renew partnership to boost financing solutions
Cairo - Mubasher: U Consumer Finance (Valu) has renewed its collaboration with Amazon.eg to expand seamless financing programs and elevate the shopping experience for customers across the country.The renewed agreement provides added benefits, exclusi
Companies Investments
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26 October 03:00 AM Luberef extends Yanbu facility land lease in SAR 116m deal
Riyadh - Mubasher: Saudi Aramco Base Oil Company (Luberef) has extended its land lease investment agreement for the Yanbu facility with the Royal Commission for Jubail & Yanbu for 20 years, renewable.The SAR 116.12 million agreement covers Yanbu’s pr
Companies Investments
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26 October 03:00 AM PIF anchors Albilad MSCI ETF’s listing on Tadawul
Riyadh - Mubasher: Albilad Investment Company (Albilad Capital) has announced the listing of Albilad MSCI Saudi Equity ETF, the first broad market ETF in Saudi Arabia.The Saudi Public Investment Fund (PIF) anchored the transaction as an investor. The
Global Economy
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26 October 03:00 AM Saudi SAL, Emirates SkyCargo renew partnership to boost logistics operations
Riyadh - Mubasher: SAL Saudi Logistics Services Company renewed its partnership with Emirates SkyCargo to provide integrated solutions covering ground handling, air cargo, and logistics operations for the UAE carrier’s flights across airports in the
Companies Investments
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26 October 03:00 AM UAE’s Amlak Finance exits operations in Egypt through EGP 400m deal
Dubai - Mubasher: Amlak Finance sold its subsidiary in Egypt to Al Baraka Bank Egypt at a total value of EGP 400 million (AED 30.80 million), according to a disclosure.In line with its strategic objectives, the transaction marks the company’s full ex
Mergers and Acquisitions
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23 October 03:00 AM Arsann raises SAR 100m from Merak Capital to expand smart mobility
Riyadh - Mubasher Arsann, Saudi Arabia’s leading smart parking operator, has secured SAR 100 million from Merak Capital to accelerate its nationwide expansion and advance data-driven mobility infrastructure.The investment supports Saudi Vision 2030 g
Companies Investments
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23 October 03:00 AM TabSense closes $5m funding round to expand regional sales
Riyadh - Mubasher: Saudi AI startup TabSense has raised $5 million in a funding round to launch the first AI Agentic Point of Sale (PoS) system for multi-branch and franchise restaurants and cafés.Led by Jasoor Ventures, the funds will boost product
Companies Investments
Bilal Abu-Ghazaleh, Founder of 1001 AI
23 October 03:00 AM Deep-tech startup 1001 AI secures $9m for Gulf’s 1st AI-native industrial platform
UAE- Mubasher: Deep-tech startup 1001 AI has raised $9 million in a seed round led by CIV, General Catalyst, and Lux Capital, according to a press release.Additional participants include Chris Ré, Amjad Masad (Replit), Amira Sajwani (DAMAC), Khalid B
Global Economy
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22 October 03:00 AM Sidpec’s shareholders approve capital hike to EGP 2.2bn
Cairo - Mubasher: The shareholders of Sidi Kerir Petrochemicals Company (Sidpec) greenlighted a capital increase to EGP 2.26 billion from EGP 1.81 billion.The EGP 453.60 million raise will be executed through the issuance of 226.80 million new shares
Management Decisions
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22 October 03:00 AM Banking consortium supports Jefaira project via EGP 5.2bn Islamic financing
Cairo -Mubasher: A banking alliance comprising Banque Misr, Banque du Caire, the National Bank of Egypt (NBE), Housing and Development Bank (HD Bank), and Suez Canal Bank closed a long-term joint Islamic financing agreement in favor of Inertia Egypt
Delistings