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Amanat Holdings announced that its subsidiary, Almasar Alshamil Education, has received approval from the Saudi Capital Market Authority for an initial public offering (IPO) on the Saudi Exchange. The IPO will involve 30% of Almasar Education's share capital, amounting to 30,720,400 shares. Almasar Education is a leading provider of specialist education in the GCC, focusing on Special Education Needs and higher education, and serves over 23,000 students. The company reported a 23% year-on-year revenue growth for the first half of 2025 and plans to expand its services in special education and higher education sectors. Further details will be available in the offering prospectus. The announcement specifies that the information is not for distribution in certain jurisdictions, including the United States and Canada, and does not constitute a sales offer.
Mashreqbank PSC held a Board of Directors meeting on September 29, 2025, at 11:00 am. The meeting covered and approved the minutes from the previous meeting on July 29, 2025, along with other topics related to the bank's business activities. The communication was addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and was signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the communication was also sent to the Securities & Commodities Authority.