Latest news

Date Title
Development Works Food submits capital raise request to CMA
Egypt’s construction materials, jewellery exports rise in 5M
Saudi Kayan sees lower profits at SAR 359.5 in H1-22 interim results
ADNOC L&S signs definitive agreement to acquire ZMI
EGX declines on Wednesday; market cap reaches EGP 624bn
ANB’s profits jump 29% in H1-22 interim results
Banque Saudi Fransi's H1-22 profits grow 11%
Tadawul closes Wednesday in green zone
Egypt’s FRA approves 1st future flow securitisation programme at EGP 2bn
SODIC’s profits near EGP 296m in H1-22 results
Egypt's Cartona raises $12m in latest seed round
UAE stock markets close Wednesday up
Dice’s capital increase 94.84% oversubscribed
Walaa Cooperative Insurance names new Chairman, Vice Chairman
Regional Investment reduces stake in Naeem Holding to 14.17%
Ericsson names Blixell as Vice President of GCC
Alinma Bank sees 29.5% higher profits in H1-22 interim financials
Bank Albilad logs SAR 1bn profits in H1-22 interim results
DEWA increases energy, water production capacity
SNB’s profits jump 59% in H1-22 interim results
Heliopolis Housing eyes EGP 919m profits in FY22/23
Heliopolis Housing eyes EGP 919m profits in FY22/23
Alexandria Flour Mills spends EGP 39m of capital raise proceeds
The Fashion Kingdom completes $2.6m seed round
Aman Group's capital reaches EGP 615m
Naqi Water unveils final IPO price for Tadawul listing
RAKBANK’s profits leap 72.5% in H1-22
Yanbu Cement’s profits down 24.5% in H1-22 initial financials
Orascom Financial Holding accepts Chimera’s offer to buy majority stake in Beltone
Mohandes Insurance eyes EGP 1bn investments in FY22/23
Tadawul closes Tuesday on varied note
Egypt’s stock market closes Tuesday in green zone
DFM closes Tuesday up; ADX down
Al Seer Marine to expand bulk cargo freight solutions worldwide
Invested assets in UAE insurance sector up 5.5% in Q1-22 – CBUAE
Yamama Cement posts 9% lower net profits in H1-22
Sipchem records over SAR 2bn profits in H1-22 initial results
Budget Saudi’s unit eyes regional equity acquisition
UAE banks' liquid assets exceed AED 518bn in Q1-22
Agility raises credit facility lines to $3.2bn
Saudi Azm seals agreement to develop Shefaa platform
Makkah Construction turns profitable at SAR 86m in H1-22
Yansab witnesses 44% lower profits in H1-22 interim results
Tadawul closes Monday’s session down
CIB’s profits jump 28% in H1-22 results
EGX closes Monday’s session on varied note
Egypt secures EUR 118m from EU for water, energy development
Egypt-Serbia bilateral trade nears $80m in 2021
UAE stock markets close Monday in red zone
UAE’s Arrow Labs expands to Greece
Eshraq Investments' profits down 59% in H1-22; accumulated losses unveiled
Saudi Ceramic posts lower profits at SAR 89m in H1-22
CBE auctions two-type T-bonds at EGP 8.75bn on Monday
Acrow Misr witnesses lower profits in Q1-22
Moody's lowers Sharjah’s ratings; outlook stable
Arabian Centres pens agreement to develop Al Khobar Mall
Al Ahly Investments ups stake in Prime Holding for EGP 3m
CMA approves Salama Cooperative Insurance’s 60% capital cut
Tadawul closes Sunday on mixed note
EGX’s main index closes Sunday down; other indices up
Obour Land denies receiving acquisition offer
Saudi BinDawood's unit eyes majority stake in France’s Ykone
EasyLease sees higher profits in H1-22 financials
SAIB to pay SAR 300m dividends for H1-22
CBE offers EGP 23bn T-bills on Sunday
M&A Brief of the Week
Bahri’s SAR 3.9bn Sukuk oversubscribed 1.95 times
Arab Financial Services expands digital solutions in Egypt
Orascom Development Egypt records highest H1 sales in history during 2022
Egypt to launch Suez Canal Authority Fund
Amak eyes nearly 36.5% capital hike via bonus shares
du reports 26% higher profits in Q2-22; dividends proposed
Saudi Azm wins SAR 8m project for government
EGX ends Thursday’s session on collective rise
TASI closes Thursday's trading session up
Naseej International's shareholders nod to 48.5% capital cut
Thimar logs 55% accumulated losses
Amak’s board recommends 20% of capital as dividends for H1-22
RIT Dubai, One Moto to launch UAE's 1st Smart Mobility, Innovation Centre
UAE stock markets close Thursday's session on positive note
Aldrees sees 44% higher profits in H1-22 interim results
Alinma Bank partners with FOODICS for micro, small firms
Saudi finance companies' financial portfolios hit SAR 68.12bn in 2021
Egypt’s exports to Germany jump 31% in 2021 – CAPMAS
FMO inks $10m commitment to Egypt's Algebra Fund II
Egypt's Cabinet approves allotting land to establish Farafra airport
Kingdom Holding invests SAR 1bn in UK-based M&G
CBE auctions EGP 30bn T-bills on Thursday
Port Said records EGP 2.32bn customs, taxes in June
AlAhli REIT Fund (1) to distribute SAR 48m dividends for H1-22
TASI closes Wednesday up; NomuC down
NBQ reports 26% higher profits in H1-22
EGX ends Wednesday’s session on collective rise
ADIB's profits jump 30% in H1-22
Sharjah Islamic Bank records 25% higher profits in H1-22
Mashreq Bank's profits skyrocket in H1-22 unaudited financials
UAE stock markets close Wednesday in green zone
Dubai Chamber of Commerce’s exports, re-exports hit AED 129.4bn in H1-22
Egypt announces Saturday paid holiday for private, public sectors
DEWA to allocate AED 40bn in capital expenditure for electricity, water projects