RIYADH: MBC Holdings, a Saudi Arabian media conglomerate, has increased its shareholding in Arabian Contracting Services Co., known as Al Arabia, from 15 percent to 20 percent.
According to a bourse statement, MBC purchased the shares from Engineer Holding Group, marking a decline of its shares in Al Arabia from 65 percent to 50 percent.
The statement said that a share purchase agreement was signed between MBC Group and EHG on Sept. 15, and the transaction will be implemented as soon as all applicable procedures and requirements are satisfied.
The announcement has, so far, been met with little enthusiasm in Gaza, though some people…
There are many reasons why it might not work. At the same time, it is…
Dr Xand van Tulleken and Professor Sunita Sar explore why we follow advice we suspect…
What you need to knowIsraeli hostilities and demolitions continued in southern Lebanon, where at least…
After months of marathon talks, Hamas has, for the first time, accepted a framework of…
The US president said Israel would withdraw from Gaza "as disarmament is completed" and called…