*MoU will lead to enhanced payment services in the UAE Press release: In a move set to revolutionize the financial technology sector, Beyon Money, a part of the Beyon Group, and MBME Pay, a leading payment service provider, have inked a Memorandum of Understanding (MOU) aimed at streamlining payment processes and enhancing customer convenience. The…
9M’23 Net profit at AED 209 Million, up 76% YoY3rd quarter Net profit increases 35% sequentially Press release: United Arab Bank (UAB) Reports Strong Financial Performance for 9M’23 United Arab Bank (UAB) has announced robust financial results for the nine months ending on September 30, 2023, showcasing continued growth across its core businesses and the…
GFH Financial Group Expands Healian Healthcare Platform with Strategic Acquisition in Saudi Arabia GFH Financial Group (“GFH”), a leading financial group, has announced the expansion of its flagship regional healthcare platform, Healian, with the acquisition of a 60% equity stake in one of the largest hospitals in the South of the Kingdom of Saudi Arabia….
GFH Financial Group Acquires Leading Food Services and Logistics Business in Saudi Arabia Manama – xx October 2023: GFH Financial Group (“GFH”) has announced the signing of an agreement to acquire a prominent food services and logistics business in the Kingdom of Saudi Arabia (“KSA”). The acquisition, with an enterprise value of approximately SAR 500…
Time Line Investcorp Capital plc Announces Intention to Float on Abu Dhabi Securities Exchange (ADX) Investcorp Capital plc (Investcorp Capital) has revealed plans for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), marking a unique opportunity for eligible investors to access Investcorp Group’s extensive sourcing capabilities and specialized investment expertise. The…
Press Release: DEWA Announces Payment of H1 2023 Dividend Dubai Electricity and Water Authority PJSC (DEWA), listed on the Dubai Financial Market (DFM), has announced the payment of a dividend of AED 3.1 billion, equivalent to 6.2 fils per share, for the first half of 2023. This dividend payment is based on a record date…