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BHM Capital launches Fixed Income Division
DUBAI: BHM Capital, a leading financial institution in the capital markets of the United Arab Emirates, listed on the Dubai Financial Market, is pleased to announce the launch of the…
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GFH Partners announces $450 million in the US real estate sector
Dubai:: GFH Partners Ltd, a subsidiary of GFH Financial Group, today announced that it has concluded investments totaling US$450 million in the US real estate sector between the fourth quarter…
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ADNOC Gas announces $3.25 billion dividend and growth strategy
ABU DHABI, UAE: In its first Annual General Meeting post-IPO, ADNOC Gas shareholders approved a $3.25 billion dividend for 2023, with a final payment of $1.625 billion due in Q2…
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AlKhaleej to acquire Adhwa’a Al-Hidaya Schools for Boys and Girls
RIYADH: AlKhaleej has announced a major acquisition deal with Adhwa’a Al-Hidaya Private Schools Company for Boys and Girls. On March 28, 2024, AlKhaleej entered into a share purchase agreement to…
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Cenomi Retail sells franchise rights of prominent brands to Al Othaim Fashion
Cenomi Retail, a leading retail partner in Saudi Arabia, has entered into a variation agreement to sell the franchise rights of five prominent brands to Abdullah Al-Othaim Fashion Company. This…
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Alkhabeer Capital sells prime Riyadh property
RIYADH: Alkhabeer Capital, the managing entity of Alkhabeer REIT Fund, has officially completed the sale of its prominent B&Q property, previously known as the “Homeworks Center,” situated in the King…
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Saudi Arabia to build first Dragon Ball Z theme park in Qiddiya Mega Project
RIYADH: Saudi Arabia has announced the creation of the world's first Dragon Ball Z theme park. Spanning 5.3 million square feet, this park is the latest addition to the ambitious…
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Parkin appoints xCube as liquidity provider
DUBAI: Parkin Company PJSC, (DFM: PARKIN), the largest provider of paid parking facilities and services in Dubai, has appointed xCube LLC, a leading Dubai-based market making and brokerage platform, as…
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MANTRA completes $11 million funding round to accelerate RWA Tokenization
DUBAI, UAE: MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has announced the completion of a new funding round. Top venture and technology investor in the MENA…
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Arabian Shield Cooperative Insurance Co. Reports Robust Financial Growth in 2023
Arabian Shield Cooperative Insurance Co. has released its annual financial results for the year ending December 31, 2023, showcasing significant growth across all sectors. The company's insurance revenues soared to…
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Saudi Advanced Industries Co. reports 48.49% growth in net profit in 2023
RIYADH: Saudi Advanced Industries Co. (SAIC) has released its annual financial results for the year ended December 31, 2023, showcasing a significant surge in profitability and revenue. The company's sales/revenue…
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FIPCO posts 22.45% increase in net profit during 2023
RIYADH: Filing and Packing Materials Manufacturing Co. (FIPCO) has released its annual consolidated financial statements for the fiscal year ended December 31, 2023. The company reported a decrease in sales/revenue…