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25 March 2025 10:25 AM CATRION’s net profits near SAR 353m in 2024; dividends for H2 unveiled
Riyadh – Mubasher: CATRION Catering Holding Company logged net profits amounting to SAR 352.77 million in 2024, an annual leap of 24.80% from SAR 282.65 million. The group’s revenues jumped by 7.76% year-on-year (YoY) to SAR 2.29 billion at the …
Financial Results
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24 March 2025 08:41 PM Nadec’s unit secures SAR 1.1bn facility deal
Riyadh – Mubasher: Al-Ra’i National Livestock Company, a subsidiary of National Agricultural Development Company (Nadec) inked a SAR 1.10 billion financing agreement with the Agricultural Development Fund (ADF). The company secured the loan to …
Companies Investments
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24 March 2025 08:14 PM Al Tadamun Microfinance to renew EGP 195m credit facility with QNB Bank
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB) and Al Tadamun Microfinance Foundation reached an agreement to renew a credit facility worth EGP 195 million, according to a press release. This financing aims to expand the funding of …
Banking and Finance
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24 March 2025 07:57 PM Orascom Construction, Técnicas Reunidas to build 3-GW power plant in Saudi Arabia
Cairo – Mubasher: Orascom Construction and Técnicas Reunidas have signed an engineering, procurement and construction (EPC) contract worth $2.60 billion to build the Qurayyah IPP expansion project. The joint venture (JV) will establish a …
Global Economy
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24 March 2025 05:16 PM Al Seer Marine, Damen International’s JV awarded AED 1.3bn deal with Tawazun Council
Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company and Damen International secured a AED 1.30 billion contract with Tawazun Council via their joint venture (JV). The four-year project award covers manufacturing advanced offshore …
Companies Investments
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24 March 2025 04:48 PM Umm Al Qura makes Tadawul debut amid 85% surge in 2024 revenue
Riyadh – Mubasher: Umm Al Qura for Development and Construction debuted on the Saudi Exchange’s (Tadawul) Main Market at SAR 15 per share in line with the announcement of its financial results for the full-year ended on 31 December 2024. The IPO …
Initial Public Offerings
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24 March 2025 04:26 PM Global fintech XTB expands MENA’s presence with new Dubai office
UAE – Mubasher: Leading global fintech company XTB has opened a new office at the Dubai World Trade Centre to expand its footprint in the Middle East region, according to a press release. The new office is complemented by XTB’s latest regulatory …
Companies Investments
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24 March 2025 03:57 PM Prices of investment funds including certificates in EGP, USD – Updated
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
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24 March 2025 02:12 PM Umm Al Qura posts 57% leap in net profits during 2024
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company recorded 57.29% year-on-year (YoY) higher net profits at SAR 498.61 million in 2024, compared to SAR 317 million. Revenues hiked by 84.58% to SAR 1.82 billion at the end of …
Real estate
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24 March 2025 01:01 PM DAE delivers final Boeing 737 MAX to Aeromexico
UAE – Mubasher: Dubai Aerospace Enterprise (DAE)  delivered the sixth and final Boeing 737 MAX family aircraft to Aeromexico under its current mandate. The mandate includes three 737-8 and three 737-9 aircraft, according to a press release. Over a …
Companies Investments
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24 March 2025 11:26 AM Saudi CMA passes Nomu listing of 3 companies
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted, on 24 March, the requests of three companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Rawabi Marketing International Company is …
Trading Activities
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24 March 2025 11:14 AM CBE offers EGP 25bn debt instruments
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued fixed treasury bonds (T-bonds) worth EGP 15 billion through two tranches on Monday, 24 March. Holding a tenor of two years until 4 March 2027, the first offering stood at EGP 5 billion, …
Central Banks
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23 March 2025 04:08 PM Al Babtain Power’s revenues exceed SAR 2.8bn in 2024; dividends for H2 announced
Riyadh – Mubasher: The net profits of Al Babtain Power and Telecommunication Company hiked by 87.77% year-on-year (YoY) to SAR 265.70 million in 2024 from SAR 141.50 million. Revenues climbed by 12.93% to SAR 2.81 billion at the end of December …
Cash Dividends
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23 March 2025 03:46 PM Emirates Islamic issues $750m senior unsecured Sukuk
Dubai – Mubasher: Emirates Islamic Bank has successfully issued a $750 million senior unsecured Sukuk, backing its strategic growth journey as well as the continued progress of the Islamic finance industry. The Sukuk attracted a strong order book …
Banking and Finance
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23 March 2025 03:16 PM Alujain Corporation reports 38.5% plunge in losses during 2024; dividends police unveiled
Riyadh – Mubasher: Alujain Corporation suffered 38.36% year-on-year (YoY) lower net losses at SAR 50.70 million at the end of December 2024, compared to SAR 82.25 million, according to the financial results. The revenues jumped by 11.36% to SAR …
Financial Results
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23 March 2025 01:50 PM DEWA’s general assembly passes AED 3.1bn dividends for H2-24
Dubai – Mubasher: Dubai Electricity and Water Authority’s (DEWA) general assembly approved the payment of a total dividend of AED 3.10 billion for the second half (H2) of 2024. The shareholders greenlighted the payment of the dividend, with a …
Cash Dividends
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23 March 2025 01:40 PM Alandalus Property unveils financials results for 2024, dividends for H2
Riyadh – Mubasher: Alandalus Property Company incurred net losses worth SAR 31.60 million in 2024, against net profits amounting to SAR 36.42 million at the end of December 2023. Revenues climbed by 9.63% year-on-year (YoY) to SAR 235.89 million …
Financial Results
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23 March 2025 01:02 PM MNT-Halan obtains FRA’s nod for e-KYC and services in Egypt
Cairo – Mubasher: MNT-Halan has received approval from the Financial Regulatory Authority (FRA) to implement in Egypt electronic Know Your Customer, according to a press release. This step marks a leap forward in Egypt's fintech sector, delivering …
Companies Investments
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23 March 2025 00:32 PM Nayla empower micro-businesses in Saudi Arabia via $4m funding
Riyadh – Mubasher: Saudi financial institution Nayla Finance has secured $4 million in a seed funding round, led by Sanabil Venture Studio by Stryber, according to a press release. Nayla will use the funds to expand its products and business, …
Companies Investments
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23 March 2025 00:29 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 for the …
Banking and Finance
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23 March 2025 10:55 AM CBE unveils T-bills worth EGP 105bn on Sunday
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 105 billion through two offerings on Sunday, 23 March. The first issue was valued at EGP 60 billion and will mature in 91 days on 24 June …
Treasury Bills
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23 March 2025 10:43 AM Al Ansari Financial Services to disburse AED 315m dividends for 2024
Dubai – Mubasher: The shareholders of Al Ansari Financial Services approved the board’s recommendation to distribute cash dividends valued at AED 315 million for 2024. The company will pay out 4.20 fils per share, accounting for 78% of the year’s …
General Assembly
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23 March 2025 10:38 AM CMA approves Nomu listing, IPO of 4 companies
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the requests of three companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Hamad Mohammed bin Saedan Real Estate Company intends to offer …
Trading Activities
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20 March 2025 05:23 PM ABK-Egypt partners with Visa to expand digital payment solutions
Cairo -Mubasher: Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) penned a long-term strategic partnership agreement with Visa to provide its latest digital payment technologies to meet customer needs. The partnership will enhance digital payment …
Banking and Finance
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20 March 2025 04:27 PM EFG Holding’s consolidated profits leap to EGP 5.3bn in 2024
Cairo – Mubasher: EFG Holding recorded consolidated net profits valued at EGP 5.33 billion in 2024, compared to EGP 3.16 billion in 2023, the financial results showed. Earnings per share (EPS) climbed to EGP 2.94 last year from EGP 1.71 in 2023, …
Financial Results