RIYADH— Ghanem, a digital real estate platform specializing in fractional ownership solutions, announced Monday it has closed a $7.1 million funding round from Al-Romaih Group, one of the Kingdom’s leading investment firms with deep expertise in real estate and financial services. The investment marks a significant milestone for Ghanem as it works to broaden access…
Category: MENA
Corporate news and announcements from the stock markets of Middle East and North Africa.
Multiply Group acquires majority stake in Ghitha Holding from IHC
ABU DHABI: Multiply Group PJSC has completed its acquisition of a majority stake in Ghitha Holding PJSC from International Holding Company PJSC (IHC), the companies announced Thursday. The transaction follows IHC’s general assembly meeting on Nov. 12, where shareholders approved the sale of all shares held in Ghitha by two IHC subsidiaries. IHC Food Holding…
Abu Dhabi’s Investcorp Capital acquires U.S. firm Kanawha Scales & Systems
ABU DHABI: Investcorp Capital PLC said on Friday it had acquired Kanawha Scales & Systems (KSS), a U.S. provider of industrial weighing services, from American Equipment Holdings. The acquisition, arranged by Investcorp Capital’s founding company Investcorp, expands the Abu Dhabi-listed firm’s portfolio of U.S. industrial assets. Financial terms of the deal were not disclosed. Headquartered…
Dubai Islamic Bank prices $1 billion debut sustainability-linked sukuk
DUBAI: Dubai Islamic Bank (DIB) announced on Nov. 14, 2025, that it has successfully priced a $1 billion debut Sustainability-Linked Sukuk. The five-year issuance carries a profit rate of 4.572% per annum. The sukuk marks DIB’s first use of a sustainability-linked structure, which ties the financial terms directly to the bank’s performance on pre-agreed environmental,…
Ajman Bank, BHM Capital partner to launch Sharia-compliant equity financing program
DUBAI: Ajman Bank and BHM Capital have signed a strategic partnership agreement to launch a Sharia-compliant Equity Financing Program aimed at expanding investor access to UAE capital markets. The initiative will allow investors to obtain financing from Ajman Bank to purchase Sharia-compliant shares listed on local exchanges, with BHM Capital executing trades through its brokerage…
Dubai Investments reports 59% surge in nine-month profit, driven by real estate and manufacturing
DUBAI: Dubai Investments, a leading diversified investment company, announced Thursday that its profit before tax surged 59% for the first nine months of 2025, citing strong performance in its real estate and manufacturing sectors. In a financial update, the company reported a profit before tax of 1.10 billion UAE dirhams ($299.5 million) for the period…
Air Arabia posts record Q3 profit of AED 656 million, up 16%
SHARJAH — Air Arabia PJSC reported a record third-quarter net profit of AED 656 million, a 16% increase from the same period last year, driven by strong passenger demand and operational efficiency. Revenue for the quarter rose 14% to AED 2.04 billion, as the airline carried 5.9 million passengers across its hubs, up 16% year-on-year….
BHM Capital reports 41% jump in Q3 net profit on strong client growth
DUBAI – BHM Capital Financial Services P.S.C. announced strong financial results for the third quarter of 2025, driven by balanced performance across its business lines and significant growth in its client base. The company reported a 41.38% year-on-year increase in net profit, which rose to AED 38.6 million. Total income for the quarter reached AED 152.7…
Orascom’s Weitz breaks ground on Four Seasons resort in Colorado’s Telluride
MOUNTAIN VILLAGE: The Weitz Company, a U.S. subsidiary of Orascom Construction PLC, has begun construction on the Four Seasons Resort and Residences Telluride, a landmark luxury development in Colorado’s renowned ski destination, the company announced on Monday. The project, located on the last remaining snow-front site in the Town of Mountain Village, will be the first…
Saudi Arabia’s Almasar to Float 30% Stake in Tadawul IPO Following CMA Approval
RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance. The Capital Market Authority (CMA) of Saudi Arabia granted approval on Sept. 29, 2025, for the listing, marking a key milestone…
First Abu Dhabi Bank posts record nine-month profit of $4.36 billion, confident on 2025 targets
ABU DHABI: First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, reported on Wednesday a 24% rise in nine-month net profit, driven by higher revenue across its businesses and lower impairment charges, putting it on track to meet its full-year guidance. Net profit after tax for the first nine months of 2025 reached…
ADNOC L&S to build $300 million UAE chemicals port in 50-Year TA’ZIZ deal
ABU DHABI: ADNOC Logistics & Services (ADNOC L&S) has signed a 50-year strategic agreement with chemicals producer TA’ZIZ to establish the United Arab Emirates’ first dedicated chemicals port in Ruwais, the companies said on Thursday. The pact, valued at over $300 million, will see ADNOC L&S build, own and operate the port at the TA’ZIZ…