Abu Dhabi – Mubasher: Waleed Al-Khatib, managing partner at Global Shares and Bonds, said that the valuation of Dubai Electricity and Water Authority “Dewa” at $25 billion is not a simple figure, especially since its profits amounted to 6 billion dirhams in 2021. Walid Al-Khatib explained that the company will offer 6.5% of its shares, … Read more
From: Malik Salama Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA), the exclusive provider of electricity and water services in the Emirate of Dubai, announced yesterday, Tuesday, that the Dubai government has offered 3.25 billion of its shares for public subscription, equivalent to 6.5 percent of the total issued shares in its capital. Mubasher … Read more
Riyadh – Mubasher: The Saudi stock market, “Tadawul”, witnessed, during today’s session, the implementation of 13 special deals on the shares of Saudi Aramco and Saudi Telecom “STC”, with a total value of 201.5 million riyals, through 4.59 million shares. According to Saudi Tadawul data, a special deal was executed on STC, worth 27.8 million … Read more
Riyadh – Mubasher: Startups in the Middle East and North Africa region earned $375 million through 81 deals in February 2022, an increase of 51.6% month-on-month, and 134% year-on-year.. A report by Wamda, in cooperation with the Digital Brief, revealed that Saudi startups had the largest share of this total, as they obtained $219 million … Read more
Doha – Mubasher: The Ordinary General Assembly approved Qatar Navigation Company The Board of Directors’ recommendation to distribute cash dividends of 30% of the nominal value of the share, at a rate of 0.3 Qatari riyals per share. And according to a statement to the Qatar Stock Exchange yesterday, the process of distributing profits will … Read more
Riyadh – Mubasher: The financial results of Yanbu Cement Company revealed a 43.2% decline in net profits during 2021, compared to the previous year, in light of the decline in average selling prices. According to company data on Saudi Tadawul, today, Sunday, the net profit after zakat and tax fell to 159.56 million riyals, compared … Read more
Cairo – Mubasher: The Extraordinary General Assembly of GlaxoSmithKline approved, by 99.99% of the votes of the attending shareholders after excluding the main shareholder’s vote, the sale of movable consumer healthcare assets (not including real estate and machinery) and intangible assets. The company added, in a statement to the Egyptian Stock Exchange, today: “It is … Read more