KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Open
06 April 11:39 AM

Middle east news

Photo Archive
16 March 2025 10:54 AM Najran Cement records 24% surge in net profits during 2024
Riyadh – Mubasher: Najran Cement Company achieved SAR 68.42 million in net profit as of 31 December 2024, higher by 24.05% year-on-year (YoY) than SAR 55.16 million. Revenues hiked by 10.06% to SAR 534.50 million last year from SAR 485.65 million …
Financial Results
Photo Gallery
16 March 2025 09:33 AM ADFD rolls out AED 440m Sofitel project in Egypt
Mubasher: The Abu Dhabi Fund for Development (ADFD) has launched the Sofitel Legend Pyramids Giza project in Egypt, with investments of AED 440 million ($120 million), Emirates News Agency (WAM) reported. The launch is a part of the fund’s efforts …
Companies Investments
Photo Gallery
13 March 2025 06:53 PM Al Ansari Exchange teams up with BILRS for international, domestic bill payment services
Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services, has entered into a strategic partnership with BILRS Payment Services Provider Company to enable customers to make seamless international and domestic bill payments …
Global Economy
Photo Archive
13 March 2025 06:41 PM UAE-founded CredibleX joins Mastercard to empower SMEs via first-of-kind product utilisation in region
UAE – Mubasher: Mastercard’s Small Business Credit Analytics (SBCA) will be integrated into CredibleX’s embedded financing journey where this innovative partnership offers the first utilisation of this product in the region, according to a press …
Companies Investments
Photo Archive
13 March 2025 06:24 PM Sinad Holding announces 97% decrease in 2024 net losses amid higher revenue
Riyadh – Mubasher: The net losses of Sinad Holding Company shrank by 97.06% to SAR 3.90 million in 2024 from SAR 132.60 million in 2023. The loss per share declined to SAR 0.03 as of 31 December 2024 compared with SAR 1.05 in the same period a …
Financial Results
Photo Archive
13 March 2025 05:43 PM Bank of Sharjah turns profitable in 2024
Abu Dhabi – Mubasher: Bank of Sharjah shifted to net profits after tax worth AED 384.69 million in 2024 from a net loss of 275.25 million in 2023. Meanwhile, the net profit before tax hit AED 416.36 million as of 31 December 2024, according to the …
Financial Results
Photo Archive
13 March 2025 05:14 PM EFIC records EGP 1.75bn consolidated net profit in 2024, announces dividends
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) achieved higher consolidated net profits after tax at EGP 1.75 billion in 2024 compared to EGP 706.02 million in 2023. The earnings per share (EPS) soared to EGP 22.23 as of 31 December …
Financial Results
Photo Archive
13 March 2025 03:36 PM Saudi Ground Services generates higher revenue at SAR 2.6bn in 2024; net profit soars 55%
Riyadh – Mubasher: Saudi Ground Services Company achieved a 54.64% increase in net profit to SAR 327.03 million in 2024 compared to SAR 211.47 million in 2023. The annual growth in 2024 net profit was primarily driven by SAR 224.90 million …
Financial Results
Photo Archive
13 March 2025 03:15 PM First Mills’ board announces SAR 1.29/shr dividend for H2-24
Riyadh – Mubasher: The board members of First Milling Company (First Mills) decided in their 12 March 2025 meeting to distribute cash dividends amounting to SAR 71.59 million for the second half (H2) of 2024. First Mills will pay SAR 1.29 per …
Board of Directors
Photo Gallery
13 March 2025 02:24 PM Nasdaq Dubai lists $1bn Sukuk by Ras Al Khaimah government
Dubai – Mubasher: Nasdaq Dubai has welcomed, on 13 March 2025, the listing of the Government of Ras Al Khaimah’s 10-year $1 billion senior unsecured Sukuk at a profit rate of 5.038% issued on 5 March, according to a press release. The government …
Trading Activities
Photo Archive
13 March 2025 01:46 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 …
Trading Activities
FAB's Annual General Meeting
12 March 2025 06:35 PM FAB’s shareholders approve highest-ever dividends of AED 8.3bn for 2024
Abu Dhabi – Mubasher: The equityholders of First Abu Dhabi Bank (FAB), during the annual general meeting approved the distribution of AED 8.30 billion in cash dividends for 2024. The approved amount is equivalent to 75 fils per share and will be …
Banking and Finance
Photo Archive
12 March 2025 06:22 PM Northern Region Cement posts 79% increase in 2024 net profit
Riyadh – Mubasher: Northern Region Cement Company registered a 78.88% rise in net profit to SAR 100.87 million during 2024 compared with SAR 56.39 million in 2023. The earnings per share (EPS) increased to SAR 0.56 in 2024 from SAR 0.31 in the …
Financial Results
Abu Dhabi Ports Company (AD Ports)
12 March 2025 06:02 PM AD Ports unveils over AED 1.7bn net profits in 2024; revenue exceeds AED 17.2bn
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) posted a growth in net profit after tax to AED 1.77 billion in 2024, compared with AED 1.36 billion in 2023. The basic and diluted earnings per share (EPS) rose to AED 0.27 last year from …
Financial Results
Photo Archive
12 March 2025 05:30 PM Egypt can now immediately draw about $1.2bn as IMF concludes 4th review of economic reform programme
Cairo – Mubasher: The executive board of the International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program supported by the EFF arrangement. Concluding the review enables the Egyptian authorities to …
Global Economy
Photo Archive
12 March 2025 05:12 PM SHL Finance witnesses over 1,000% jump in 2024 net profit
Riyadh – Mubasher: SHL Finance Company posted a surge of 1,040.50% in net profit after Zakat and income tax to SAR 26.52 million during 2024 compared to SAR 2.32 million in 2023. The earnings per share (EPS) went up to SAR 0.27 in 2024 from SAR …
Financial Results
Sustained Infrastructure Holding Company (SISCO Holding)
12 March 2025 04:21 PM SISCO Holding says full-year revenue in 2024 resulted from strong performance in ports segment
Riyadh – Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) unveiled that its full-year revenue, excluding accounting construction revenue, increased by 19.20% year-on-year (YoY) to SAR 1.25 billion in 2024, compared to SAR 1.05 …
Financial Results
Arabian Drilling
12 March 2025 03:26 PM Arabian Drilling generates SAR 321m net profits in 2024; full-year dividends exceed SAR 240m
Riyadh – Mubasher: Arabian Drilling recorded a net profit of SAR 321.36 million in 2024, which marked a 46.85% annual decrease from SAR 604.61 million. The earnings per share (EPS) shrank to SAR 3.61 in 2024 compared to SAR 6.79 in 2023, according …
Cash Dividends
FABMISR
12 March 2025 02:18 PM FABMISR unveils new product for multinational, large corporate clients
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the arm of the UAE listed FAB operating in Egypt, has launched FABMISR E-Connect as the newest corporate online banking channel designed specifically for multinationals and large corporates. …
Banking and Finance
Savola Group
12 March 2025 01:54 PM Savola Group’s net profits near SAR 10bn in 2024; dividends withheld on shareholding in Almarai
Riyadh – Mubasher: Savola Group witnessed a leap of 1,009.24% in net profit during 2024, registering SAR 9.97 billion compared to SAR 899.20 million in 2023. The annual growth in net profit last year was partially attributed to the distribution of …
Board of Directors
Photo Archive
12 March 2025 01:15 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
Photo Archive
11 March 2025 05:10 PM Acrow Misr sees higher consolidated profits in 2024; revenues hit EGP 4.3bn
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork achieved consolidated net profits after tax amounting to EGP 1.14 billion in 2024, up from EGP 344.36 million in 2023. Revenues from contracts with customers hit EGP 4.31 billion last year, …
Financial Results
Photo Archive
11 March 2025 04:45 PM Tecom Group’s AGM approves AED 400m cash dividend for H2-24
Dubai – Mubasher: The annual general assembly meeting (AGM) of Tecom Group approved the board’s recommendation to distribute a cash dividend of AED 400 million or 8 fils per share for the second half (H2) of 2024. This brings the full-year cash …
General Assembly
Photo Archive
11 March 2025 03:59 PM Al Majed Oud’s net profit nears SAR 157m in 2024; dividends recommended
Riyadh – Mubasher: Al Majed Oud Company recorded a 5.57% increase in net profit to SAR 156.95 million in 2024 from SAR 148.67 million a year earlier. The revenues grew by 19.88% year-on-year (YoY) to SAR 926 million as of 31 December 2024, …
Financial Results
Photo Archive
11 March 2025 03:57 PM Riyadh Cables generates nearly SAR 817m profits in 2024
Riyadh – Mubasher: Riyadh Cables Group Company registered SAR 816.88 million in net profit at the end of December 2024, up 57.55% year-on-year (YoY) from SAR 518.49 million. Revenues climbed by 15.10% to SAR 9 billion last year from SAR 7.82 …
Cash Dividends