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10/02/2015 06:13 AST
SAUDI Transport and Investment Company (Mubarrad) signed a SR180.3 million agreement to acquire 95% of the shares of the Arabian Company for Security Services (Amnco) - the provider of cash and assets in transit services.
Mubarrad - the leading provider of trucking transportation and logistics solutions in Saudi Arabia - paid SR20 million from its own resources upon signing of the contract. The payment, financing and completion of the transaction will be announced following the review by financial advisor MaCeen Capital and the conclusion of the legal procedures.
Yasser Al-Sharif, CEO of MaCeen Capital, said: "The conclusion of this deal is in favor of both parties. it is also a new and successful addition to our achievements record."
The agreement comes in line with Mubarrad's strategy of income diversification and expansion of the trucking transportation services and logistics solutions services that have been going on since 2013.
MaCeen Capital is a financial investment company established in 2009 and licensed by the CMA to deal in the Saudi capital market. MaCeen Capital works to create solid opportunities that are synchronized with the market trends, and serves the investors' financial goals through a wide range of local investment opportunities. Since its establishment, MaCeen Capital has achieved tremendous growth.
Saudi Gazette
17/01/2013
The financial Results for the period ended in 31/12/2012 are as explained in the following section:
1. The net loss during the fourth quarter is amounted SR (99) thousand, compared to SR (3
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| RIYADHCABLES | 126.50 | 0.60 (0.47 |
| ASTRAINDUSTRIAL | 133.80 | -0.90 (-0.67 |
| ALBABTAIN | 68.50 | -0.20 (-0.30 |
| BAWAN | 49.66 | -0.59 (-1.18 |
| SAUDICERAMICS | 28.64 | 0.40 (1.41 |
05/02/2026
Invest Qatar, the Investment Promotion Agency of Qatar, and Doha Bank have announced a strategic partnership aimed at further enhancing the ease of doing business for foreign investors entering the Q
Gulf Times
05/02/2026
In celebration of Kuwait's national holidays, in which the country commemorates its beautiful history and achievements, National Bank of Kuwait announced a limited-edition issuance of KWD Visa Prepai
Kuwait Times
05/02/2026
As strategic partner to the second edition of the International Digital Cooperation Forum (IDCF) 2026, held 4 and 5 February 2026 at the Jumeirah Messilah Hotel, Kuwait City, ZainTECH is supporting t
Kuwait Times
05/02/2026
OQ Group and Kuwait Petroleum International (KPI) signed an agreement on Tuesday in Kuwait to develop a petrochemical project in the Special Economic Zone at Duqm (SEZAD).
The agreement was
Muscat Daily
05/02/2026
K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed a memorandum of understanding (MoU) with Sau
Trade Arabia
Financial Information Co.
Saudi Arabia