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11 March 2025 03:33 PM Presight-owned AIQ secures $340m deal to deploy agentic AI across ADNOC operations
Abu Dhabi – Mubasher: AIQ, a Presight AI Holding company, unveiled a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream value chain. Under the three-year deal, ENERGYai and AI-backed solutions …
Companies Investments
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11 March 2025 03:33 PM Herfy Food turns to losses at SAR 116.5m in 2024 amid lower revenue
Riyadh – Mubasher: Herfy Food Services Company posted a net loss of SAR 116.52 million in 2024, against a net profit of SAR 8.38 million in 2023. The revenue stood at SAR 1.12 billion as of 31 December 2024, down by 4.17% year-on-year (YoY) from …
Financial Results
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11 March 2025 03:21 PM Nice One's net profit soars nearly 120% in 2024
Riyadh – Mubasher: Nice One Beauty Digital Marketing Company posted a net profit of SAR 71.74 million in 2024, reflecting a 119.91% year-on-year (YoY) surge from SAR 32.62 million. The revenues reached SAR 1 billion as of 31 December 2024, marking …
Financial Results
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11 March 2025 02:53 PM Salama Cooperative reports over 41% decline in 2024 net profit; accumulated losses revealed
Riyadh – Mubasher: The net profit after Zakat attributable to the owners of Salama Cooperative Insurance Company amounted to SAR 30.12 million in 2024, marking a 41.28% decrease from SAR 51.30 million in 2023. The insurance revenues fell by 15.43% …
Financial Results
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11 March 2025 01:58 PM Al Etihad Cooperative logs over SAR 49m net profit in 2024
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded SAR 49.13 million worth of net profit after Zakat attributable to the owners in 2024, a 47.67% decline from SAR 93.89 million in 2023. The insurance revenues increased by 23.91% …
Financial Results
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11 March 2025 01:19 PM ADIB’s shareholders greenlight AED 3bn cash dividend for 2024
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB)  has concluded its annual general assembly meeting (AGM), where the shareholders approved the distribution of a cash dividend of 83 fils per share for 2024. The lender will pay out a total of AED …
General Assembly
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11 March 2025 01:04 PM Walaa Cooperative’s net profits shrink 56.5% in 2024
Riyadh – Mubasher: Walaa Cooperative Insurance Company achieved 56.55% year-on-year (YoY) lower net profits attributable to the shareholders at SAR 64.30 million in 2024, versus SAR 147.97 million. Insurance revenues climbed by 15.82% to SAR 3.34 …
Financial Results
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11 March 2025 00:02 PM NBF closes $100m syndicated financing transaction co-led by Emirates NBD, RAKBANK
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has closed a single currency term and letter of credit syndicated transaction amounting to $100 million, according to a press release. The financing deal will enable Pure Cement LLC to …
Banking and Finance
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11 March 2025 11:14 AM Emirates NBD-Egypt backs public transportation development in Egypt via EGP 3bn financing
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, has penned a financing deal valued at EGP 3 billion with the National Authority for Tunnels (NAT) to support public transportation development projects in Egypt. This …
Companies Investments
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11 March 2025 11:11 AM Madinet Masr reports higher consolidated profits at EGP 2.9bn in 2024
Cairo – Mubasher: Madinet Masr Housing and Development logged consolidated net profits after tax worth EGP 2.91 billion in 2024, an annual leap of 36.94% from EGP 2.12 billion. The real estate developer generated sales worth EGP 8.46 billion in …
Real estate
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11 March 2025 10:41 AM Prices of investment funds including certificates in EGP, USD
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 the Investment Funds as well as the price of each certificate in EGP, except …
Global Economy
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11 March 2025 10:25 AM Cenomi Centers logs SAR 1.2bn profits in 2024; dividends for Q3 announced
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) generated SAR 1.22 billion in net profit during 2024, lower by 18.44% year-on-year (YoY) than SAR 1.50 billion. Revenues increased by 4.01% YoY to SAR 2.34 billion at the end of December …
Board of Directors
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11 March 2025 09:40 AM ADQ to become major shareholder in Aramex
Dubai – Mubasher: Q Logistics Holding, a wholly owned indirect subsidiary of ADQ, submitted a voluntary tender offer to acquire a stake in Aramex, according to a press release. Upon completing the transaction, ADQ will become the majority …
Mergers and Acquisitions
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10 March 2025 08:33 PM UAE’s Mubadala sells shareholding in UK-based Calisen
UAE- Mubasher: Mubadala has sold its indirect stake in Calisen, the UK's leading provider of smart meters and small-scale energy transition infrastructure assets, according to a press release. The transaction marks the end of a four-year …
Companies Investments
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10 March 2025 07:26 PM Lazurde’s net profits fall 62% in 2024
Riyadh – Mubasher: Lazurde Company for Jewelry logged net profits valued at SAR 11.70 million in 2024, an annual plunge of 62.01% from SAR 30.80 million. The Saudi firm posted 13.10% year-on-year (YoY) higher revenues at SAR 2.10 billion in 2024, …
Financial Results
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10 March 2025 07:13 PM Nahdi Medical announces financials for 2024, dividends for H2
Riyadh – Mubasher: Nahdi Medical Company registered SAR 820.70 million in net profit at the end of December 2024, down 8.05% year-on-year (YoY) from SAR 892.60 million. The revenues climbed by 8.40% to SAR 9.44 billion last year from SAR 8.71 …
Cash Dividends
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10 March 2025 00:26 PM CBE unveils EGP 21bn debt instruments on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned fixed treasury bonds (T-bonds) worth EGP 11 billion through two offerings on Monday, 10 March. The first issue was valued at EGP 5 billion and will mature in two years on 4 March 2027, …
Banking and Finance
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10 March 2025 11:22 AM Prices of investment funds including certificates in EGP
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 the Investment Funds as well as the price of certificates in EGP as of 9 March …
Mutual Funds
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10 March 2025 10:48 AM Talabat acquires Instashop to expand network in MENA
Dubai – Mubasher: Talabat Holding has fully acquired InstaShop Limited, one of the leading online grocery delivery marketplaces in MENA, from Delivery Hero. With this acquisition, Instashop will foster talabat’s grocery and retail offerings, while …
Companies Investments
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10 March 2025 10:22 AM Ayyan Investment reports 24% lower losses in 2024; accumulated losses unveiled
Riyadh – Mubasher: Ayyan Investment Company suffered 23.88% year-on-year (YoY) lower net losses at SAR 164.46 million in 2024, compared to SAR 216.06 million. Revenues amounted to SAR 15.43 million last year, down 23.14% from SAR 20.08 million in …
Financial Results
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10 March 2025 10:19 AM Saudi Savola Group reinforces business in Egypt via new HQ
Riyadh – Mubasher Savola Egypt, a subsidiary of Savola Group, has officially inaugurated its new headquarters (HQ) in New Cairo’s Fifth Settlement. The inauguration aligns with the Saudi group’s objectives to strengthen its position in Egypt, …
Companies Investments
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9 March 2025 05:58 PM UAE-based Klaim fuels regional expansion plans via $26m funding
Mubasher: UAE-based healthcare payments solutions provider Klaim has secured $10 million in Series A equity funding and an additional $16 million financing fund to drive its regional expansion plans This investment will support Klaim’s mission to …
Companies Investments
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9 March 2025 05:17 PM DP World, Mawani launch SAR 3bn terminal in Jeddah
Mubasher: DP World and Saudi Ports Authority (Mawani) rolled out a new South Container Terminal at Jeddah Islamic Port in line with its SAR 3 billion ($800 million) expansion and development programme. This move aims to upgrade the terminal and …
Companies Investments
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9 March 2025 04:32 PM UAB’s general assembly greenlights capital hike
Abu Dhabi – Mubasher: The United Arab Bank (UAB) held its annual general assembly meeting, during which it approved increasing the capital through the issuance of rights shares amounting to AED 1.03 billion. The capital hike aims to strengthen the …
General Assembly
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9 March 2025 03:50 PM Fourth Milling unveils SAR 171m profits in 2024, dividends for H2
Riyadh – Mubasher: Fourth Milling Company registered SAR 170.93 million in net profit at the end of December 2024, up 19.68% year-on-year (YoY) from SAR 142.81 million. Revenues climbed by 12.71% to SAR 629.02 million last year from SAR 558.09 …
Cash Dividends