Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Lebanon receives preliminary approval to increase World Bank loan to $400m
- China Exempts Some Goods from US Tariffs to Limit trade War Pain
- Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as 9th year milestone marked
- Foreign investors remain net buyers of GCC stock market in first quarter
- Quarterly earnings announcement, tariff hold supports QSE index rise
- Gold prices drop more than 1%
- Saudi Arabia's Vision 2030 enters final phase with strong momentum
- Saudi Arabia takes part in European Economic Congress
- UAE jobs: Etihad Airways to hold career fair for Emiratis on May 22
- Adnoc Distribution to operate 500 high-power EV chargers by 2028
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 | 122.20 | -1.40 (-1.14 |
| ASTRAINDUSTRIAL | 147.60 | 0.40 (0.27 |
| OBEIKANGLASS | 31.20 | 0.90 (2.97 |
| RAOOM | 80.00 | -0.50 (-0.63 |
| BAWAN | 56.10 | 1.30 (2.37 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia