October 4th, 2019 | 0 commentsSanad Aerotech, the wholly-owned maintenance, repair, and overhaul (MRO) provider for aircraft engines by Mubadala Investment Company, announced it has signed an AED 422 million financing agreement with Mashreq Bank. The bank facilities will be used to carry out Sanad Aerotech’s expansion plans, according to a press release. This comes as...
October 4th, 2019 | 0 commentsThe ordinary general meeting of the Export Development Bank of Egypt (EBE) approved a cash dividend distribution of EGP 272.8 million, or EGP 1 per share, for fiscal year 2018/2019. An amount of EGP 99.15 million will be distributed to employees as a profit share, while EGP 1.28 million will be retained, the bank said in a statement to th...
October 3rd, 2019 | 0 commentsThe board of directors of Pioneers Holding Company for Financial Investment decided to split the company into three separate companies, the company’s CEO Waleed Zaki said in an interview with Mubasher. The company will be restructured into three companies to be operating in financial services, real estate, and industrial sectors, Zaki add...
October 3rd, 2019 | 0 commentsCairo For Investment and Real Estate Development announced that the EUR 25 million loan from the European Bank for Reconstruction and Development (EBRD) will be used to finance 50% of the construction cost of a new university in west Assiut. In addition, about 30% of the loan will be directed to finance planting green spaces and using sol...
October 3rd, 2019 | 0 commentsAl Alamiya for Cooperative Insurance Company, listed on the Saudi Stock Exchange (Tadawul), announced it has signed an agreement with Panda Retail Company. Under the agreement, Al Alamiya will provide Panda Retail with general insurance services for a year as of 1 October 2019, Alamiya said in a bourse filing on Tuesday. “The contract rev...
October 2nd, 2019 | 0 commentsAl Alamiya for Cooperative Insurance Company, listed on the Saudi Stock Exchange (Tadawul), announced it has signed an agreement with Panda Retail Company. Under the agreement, Al Alamiya will provide Panda Retail with general insurance services for a year as of 1 October 2019, Alamiya said in a bourse filing on Tuesday. “The contract rev...
October 2nd, 2019 | 0 commentsSaudi Marketing Company (Farm Superstores) has renewed a SAR 105.5 million credit facility agreement with the National Commercial Bank (NCB). The credit facility started on 3 September 2019 and will end on 31 March 2020, Farm Superstores said in a bourse statement released on Tuesday. The loan will finance capital requirements and plans t...
October 2nd, 2019 | 0 commentsEGX announced that the price limits of Arabia Investment Holding’s (AIH) (AIH_R2) rights for Oct-01 trading session are as follows: The Limit Up (LU) is 95.26%, maximum at EGP 0.11. The right's temporary halt for Limit Up is 47.63%. Moreover, the Limit Down (LD) is 95.26%, minimum at EGP 0.001. The right's temporary halt for Limit Down is...
October 1st, 2019 | 0 commentsAbu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, on Monday announced it has launched Samsung Pay, the mobile payment and digital wallet service for its Visa covered cardholders. Samsung Pay is only compatible with Samsung devices and is the first mobile wallet system to be adopted by ADIB, according to a press re...
October 1st, 2019 | 0 commentsDubai Aerospace Enterprise (DAE) Ltd., a global leading aircraft leasing company, on Monday announced that it has signed a $300 million seven-year unsecured term financing with a group of six banks. The company will use the loan to repay secured debt and bolster business financing needs in the future, according to a press release. Abu Dha...
