Corporate news and announcements from the stock markets of Middle East and North Africa.
DUBAI: Dubai National Insurance and Reinsurance (DNIRC) has appointed Abdulla Al Nuaimi as Chief Executive Officer (CEO) of the company effective from April 11, 2021. Dubai National Insurance & Reinsurance P.S.C (DNIR) is a Dubai based insurance company since 1991…
RIYADH: AFC Energy signed a non-binding Memorandum of Understanding (MoU) with Altaaqa Alternative Solutions Company Limited with the intention of establishing an exclusive dealership for the distribution of AFC’s fuel cell systems in Saudi Arabia and the Middle East &…
DOHA: Qatar Stock Exchange (QSE) will launch the QE Venture Market (QEVM), which will provide a listing and trading venue for SME’s that do not fulfil listing requirement of the main market, a news release said. The QEVM would give…
DUBAI: Injazat the UAE’s leader in digital transformation and Lamprell, a leading provider of services to the international energy sector, have announced the signing of a joint venture (JV) agreement to create and market innovative digital solutions focusing predominantly on…
DOHA: Doha Bank, rated A by Fitch and Baa1 by Moody’s, successfully completed a USD 500 million 5-year senior unsecured bond at a yield of 2.431% per annum, which is equivalent to a credit spread of 150 basis points over…
DUBAI: BH Mubasher Financial Services, a leading company in the UAE’s financial market, held its Annual General Meeting on 24th March 2021, which adopted a resolution to change the name of the company to BHM Capital Financial Services. The AGM…
MANAMA: GFH Financial Group (GFH) announced the signing of an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB), which will allow the group to offer the Murabaha service to its clients. The service, launched in May 2020, is…
DUBAI: Al Ramz Corporation Investment and Development announced the appointment of Amin El Kholy as Chief Executive Officer of Asset Management. With over 25 years experience, Amin is a veteran asset manager with substantial accomplishments and proven track record in…
DOHA: Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on Qatar Stock Exchange (QSE: QFBQ), has announced its successful exit from CMRC Limited, one of its private…
DOHA: Ooredoo Q.P.S.C. announced that Ooredoo Oman has accepted Mr. Ian Dench’s resignation from his post as Chief Executive Officer, effective 30th June 2021. The appointment of the new Ooredoo Oman CEO will be announced in due course. Ooredoo QSC…
DUBAI: The Board of Dubai Islamic Insurance & Reinsurance Company (Aman) has proposed AMAN’s first cash dividend distribution of 6% of net profit attributable to shareholders since 2011. The proposed dividend reflects the strong FY 2020 performance, which saw the…
ROSH HA’AYIN: Partner Communications Company, a leading Israeli communications operator, announced the number of “Partner Fiber” fiber optic infrastructure subscribers exceeded 150 thousand. Partner’s infrastructure which is wholly owned by the Company and provides home browsing at speeds of up…