Please wait...
GulfBase Live Support
- ADX names Mena start-up Thndr as remote retail trading member
- Mered expands UAE operations with new Abu Dhabi office
- Bahrain All Share Index closes lower, Islamic Index closes higher
- Burjeel reports 129% increase in Q2 net profit, revenue grows 18.7%
- Saudi Maaden H1 profit up 73% on higher sales; revenue hits $4.8bn
- IQ reports QR2bn net profit in H1, approves 26% interim dividend
- 65% Omanis in private sector earn less than RO600
- Local banks record higher credit issuance in June; reflects positive outlook on Qatar economy
- S&P Affirms China's Sovereign Credit Rating at A+ with Stable Outlook
- Saudi stock market may open to global investors, regulator says
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 | 138.20 | -1.30 (-0.94 |
| ASTRAINDUSTRIAL | 144.50 | 0.30 (0.20 |
| ALBABTAIN | 58.60 | -0.70 (-1.19 |
| RAOOM | 58.65 | -0.75 (-1.27 |
| BAWAN | 59.10 | 0.50 (0.85 |
08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia