Corporate news and announcements from the stock markets of Middle East and North Africa.
In an announcement, Tadawul Group Holding Co. has released its interim financial results for the quarter ending on March 31, 2024, showcasing significant growth across all financial metrics. The company reported a 72.804% increase in sales/revenue, jumping from SAR 224.3…
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 Fixed Income Division, this dedicated department, with over 75 years…
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 of 2023 and the first quarter of 2024. The investments…
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 $1.625 billion due in Q2 2024. The company revealed plans to increase dividends by 5%…
RIYADH: AlKhaleej has announced a major acquisition deal with Adhwa’a Al-Hidaya Private Schools Company for Boys and Girls. On March 28, 2024, AlKhaleej entered into a share purchase agreement to acquire 80% of the shares in Adhwa’a Al-Hidaya, representing 1,600,000…
Cenomi Retail, a leading retail partner in Saudi Arabia, has entered into a variation agreement to sell the franchise rights of five prominent brands to Abdullah Al-Othaim Fashion Company. This agreement, an extension of the Share Purchase Agreement dated December…
RIYADH: Alkhabeer Capital, the managing entity of Alkhabeer REIT Fund, has officially completed the sale of its prominent B&Q property, previously known as the “Homeworks Center,” situated in the King Fahd District of Riyadh. The transaction was finalized on the…
RIYADH: Saudi Arabia has announced the creation of the world’s first Dragon Ball Z theme park. Spanning 5.3 million square feet, this park is the latest addition to the ambitious Qiddiya project near Riyadh. The park will immerse visitors in…
DUBAI: Parkin Company PJSC, (DFM: PARKIN), the largest provider of paid parking facilities and services in Dubai, has appointed xCube LLC, a leading Dubai-based market making and brokerage platform, as a Liquidity Provider. Under the terms of the agreement, xCube…
DUBAI, UAE: MANTRA ($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 region, Shorooq Partners, led the $11M investment round. Additionally, a…
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 SAR 1,145,711 thousand, marking a 24.71% increase from the previous…
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 climbed by 55.23% to SAR 180.15 million, up from SAR…