Saudi News

(Photo Credit: Arabianeye-Reuters)
23 April 05:41 PM Raydan profits down 16% in 2016
Riyadh – Mubasher: Raydan Co’s profits retreated 15.5% to SAR 42.45 million ($11.32 million) in 2016 from SAR 50.22 million ($13.39 million) in 2015. The company attributed the decrease in profits to lower sales and losses of exchange differences, …
(Photo Credit: Company website)
23 April 05:38 PM Tokio Marine not to finalise deal with insurance co
Riyadh – Mubasher: Alinma Tokio Marine’s board decided not to proceed with a technical agreement with Tokio Marine and Nichido Fire Insurance Co Ltd. The insurance company was supposed to provide Alinma Tokio a number of technical services, …
(Photo Credit: Arabianeye-Reuters)
23 April 05:25 PM Alomar no longer involved in Bahri after new post
Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) said that Ibrahim bin Abdul Rahman Alomar, the company’s president, is no more related to the company. The announcement came after a royal decree was issued appointing Alomar …
The Egyptian Minister of Trade and Industry, Tarek Kabil - (Photo Credit: Arabianeye-Reuters)
23 April 05:17 PM Saudi investments in Egypt more than $6bn - Minister
Cairo - Mubasher: The Egyptian minister of trade and industry said that Saudi Arabia ranks first as the biggest Arab country investing in the Egyptian market, with investments exceeding $6 billion. Tarek Kabil said in a statement on Sunday that …
(Photo Credit: Arabianeye-Reuters)
23 April 05:16 PM Al Baha suspended from OTC trade
Riyadh - Mubasher: Al Baha Investment and Development announced that its shares were suspended from over-the-counter (OTC) trade as a part of the new mechanism. The company said that the move came after the Capital Market Authority (CMA) decision …
(Photo archive)
23 April 04:41 PM Saudi Cable to announce financial results in 8 weeks
Riyadh - Mubasher: Saudi Cable Company will postpone announcing its annual financial results for the year, as the financial advisor’s report is still under studying. The company expects to finalize this task within eight weeks starting from 23 …
(Photo archive)
23 April 04:26 PM Mobily turns to losses in Q1
Riyadh – Mubasher: Etihad Etisalat (Mobily) suffered losses of SAR 163 million in the first quarter of 2017 against profits of SAR 20 million in Q1-16. The company turned to losses mainly due to pressures on sales and stoppage of unregistered …
(Photo Credit: Arabianeye-Reuters)
23 April 04:17 PM Dur Hospitality to distribute SAR 0.45/shr for H2-16
Riyadh – Mubasher: Dur Hospitality on Sunday announced that it will distribute cash dividends of 45 halalas per share for the second half of 2016, starting 1 May. The distribution will take place through Riyad Bank and will be automatically …
(Photo Credit: Company website)
23 April 03:43 PM Taiba to distribute SAR 0.40/shr for Q4-16
Riyadh – Mubasher: Taiba Holding Company on Sunday announced distributing cash dividends at 40 halalas per share for the fourth quarter of 2016, starting 25 April. The distributions will take place through National Commercial Bank (NCB) and will …
(Photo archive)
23 April 03:42 PM CMA lifts trading suspension on Alhokair shares
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) lifted the suspension of trading on the shares of Fawaz Abdulaziz Alhokair Company as of 24 April. On Saturday, the CMA had suspended trading on Alhokair's shares after failing to …
(Photo Credit: Arabianeye-Reuters)
23 April 03:41 PM Nomu returns to gains on Sunday
Riyadh – Mubasher: The Nomu-Parallel Market rose on Sunday, amid a positive performance of most stocks. The main index (NOMU) went up 1.23%, gaining 60.93 points, reaching 5,008.85 points for the first time since 5 April. Traded volumes declined …
(Photo Credit: Arabianeye-Reuters)
23 April 03:27 PM Net foreign sales on Tadawul amount to SAR 166m in week
Riyadh – Mubasher: Net sales of foreign investors reached SAR 165.61 million last week, ended 20 April, according to the Saudi Stock Exchange’s (Tadawul) statistics. The total value of shares purchased by foreign investors during this period …
(Photo Credit: Arabianeye-Reuters)
23 April 03:22 PM Tadawul gains 70 pts at Sunday close
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) went up 1.01% or 69.75 points to close at 6,968.75 points on Sunday. Traded value rose to SAR 3.42 billion ($911.5 million) on Sunday compared to SAR 3.15 billion ($838.7 …
(Photo Credit: Press Release)
23 April 03:09 PM Al Marai revenues rise in KSA, GCC
Riyadh – Mubasher: Al Marai Company said its revenues increased in Saudi Arabia and the GCC by 4.7% and 2.1%, respectively, according to a bourse statement. The company’s revenues decreased in other countries by 33.8% year-on-year in the first …
(Photo Credit: Arabianeye-Reuters)
23 April 02:34 PM China achieves $24bn trade surplus in March
Mubasher: China’s trade surplus reached $23.92 billion in March, with a slight decrease compared to the preliminary reading of $23.93 billion, according to data released by the General Administration of Customs (GAC) on Sunday. Imports priced in …

Mubasher Exclusive

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22 April 02:43 PM Tadawul awaits major events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events next week, between 23 and 27 April, led by the bourse’s decision to amend the transactions settlement cycle. The Saudi Stock Exchange …
Photo Credit: Arabianeye-Reuters
20 April 05:46 PM Tadawul hits highest decline in 13 weeks; Nomu rises in week
Mubasher: The main index of the Saudi Stock Exchange (Tadawul) lost 2.5% or 177.9 points to reach 6,899 points by the week ended on 20 April from 7,076.92 points by the week ended on 13 April. Meanwhile, the main index (NOMU) of the Nomu-Parallel …
(Photo Credit: Arabianeye-Reuters)
20 April 03:50 PM Nomu ends Thursday in red
Riyadh - Mubasher: The main index (NOMU) of the Nomu-Parallel Market decreased 0.23% or 11.50 points to close at 4,947.92 points on Thursday. Traded value fell to SAR 4.68 million compared to SAR 5.06 million on Wednesday, while traded volume went …
(Photo Credit: Arabianeye-Reuters)
20 April 03:23 PM Tadawul retreats on collective decline Thursday
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) retreated on Thursday amid a negative performance of all sectors and significant improvement in liquidity. The main index went down 0.71%, or 49.06 points to reach 6,899 points. Turnover …
(Photo archive)
20 April 02:49 PM Petroleum producers may be forced to extend output cut – Al-Falih
By: Amr Adel Abu Dhabi – Mubasher: Petroleum producing countries would be obliged to extend the output cut deal, the Saudi energy minister said at the 3rd GCC Petroleum Media Forum. Khalid Al-Falih added that there is a rising consensus concerning …

Local News

The Egyptian Minister of Trade and Industry, Tarek Kabil - (Photo Credit: Arabianeye-Reuters)
23 April 05:17 PM Saudi investments in Egypt more than $6bn - Minister
Cairo - Mubasher: The Egyptian minister of trade and industry said that Saudi Arabia ranks first as the biggest Arab country investing in the Egyptian market, with investments exceeding $6 billion. Tarek Kabil said in a statement on Sunday that …
(Photo Credit: Arabianeye-Reuters)
23 April 05:16 PM Al Baha suspended from OTC trade
Riyadh - Mubasher: Al Baha Investment and Development announced that its shares were suspended from over-the-counter (OTC) trade as a part of the new mechanism. The company said that the move came after the Capital Market Authority (CMA) decision …
(Photo archive)
23 April 03:42 PM CMA lifts trading suspension on Alhokair shares
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) lifted the suspension of trading on the shares of Fawaz Abdulaziz Alhokair Company as of 24 April. On Saturday, the CMA had suspended trading on Alhokair's shares after failing to …
(Photo Credit: Arabianeye-Reuters)
23 April 02:34 PM China achieves $24bn trade surplus in March
Mubasher: China’s trade surplus reached $23.92 billion in March, with a slight decrease compared to the preliminary reading of $23.93 billion, according to data released by the General Administration of Customs (GAC) on Sunday. Imports priced in …
(Photo Credit: Arabianeye-Reuters)
23 April 01:35 PM Banks not to intervene in 2M 'Decisive Storm' allowance – SAMA
Riyadh – Mubasher: The Saudi Arabian Monetary Agency (SAMA) stressed the ineligibility of banks to obstruct the latest two-month salary paid as allowance to those deployed in the Decisive Desert Storm and Restoration of Hope military operations. …

Gulf News

(Photo Credit: Arabianeye-Reuters)
23 April 05:41 PM Raydan profits down 16% in 2016
Riyadh – Mubasher: Raydan Co’s profits retreated 15.5% to SAR 42.45 million ($11.32 million) in 2016 from SAR 50.22 million ($13.39 million) in 2015. The company attributed the decrease in profits to lower sales and losses of exchange differences, …
(Photo Credit: Company website)
23 April 05:38 PM Tokio Marine not to finalise deal with insurance co
Riyadh – Mubasher: Alinma Tokio Marine’s board decided not to proceed with a technical agreement with Tokio Marine and Nichido Fire Insurance Co Ltd. The insurance company was supposed to provide Alinma Tokio a number of technical services, …
(Photo Credit: Arabianeye-Reuters)
23 April 05:25 PM Alomar no longer involved in Bahri after new post
Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) said that Ibrahim bin Abdul Rahman Alomar, the company’s president, is no more related to the company. The announcement came after a royal decree was issued appointing Alomar …
The Egyptian Minister of Trade and Industry, Tarek Kabil - (Photo Credit: Arabianeye-Reuters)
23 April 05:17 PM Saudi investments in Egypt more than $6bn - Minister
Cairo - Mubasher: The Egyptian minister of trade and industry said that Saudi Arabia ranks first as the biggest Arab country investing in the Egyptian market, with investments exceeding $6 billion. Tarek Kabil said in a statement on Sunday that …
(Photo Credit: Arabianeye-Reuters)
23 April 05:16 PM Al Baha suspended from OTC trade
Riyadh - Mubasher: Al Baha Investment and Development announced that its shares were suspended from over-the-counter (OTC) trade as a part of the new mechanism. The company said that the move came after the Capital Market Authority (CMA) decision …
Photo Credit: Arabianeye-Reuters
23 April 04:43 PM Bahrain Cinema profits surge 269% in Q1
Mubasher: The financial statements of Bahrain Cinema showed a jump in profits in the first quarter of 2017 by 268.7% year-on-year. The company said in a statement to the Bahrain Bourse on Sunday that net profits totalled BHD 1.6 million ($4.2 …
(Photo archive)
23 April 04:41 PM Saudi Cable to announce financial results in 8 weeks
Riyadh - Mubasher: Saudi Cable Company will postpone announcing its annual financial results for the year, as the financial advisor’s report is still under studying. The company expects to finalize this task within eight weeks starting from 23 …
(Photo credit: Omani Ministry of Tourism website)
23 April 04:40 PM Oman ministry to develop Al Nakheel ITC
Mubasher: The Omani Ministry of Tourism will sign an agreement on Monday with Palm Beach Housing for developing the integrated tourism complex (ITC) Al Nakheel at a value of OMR 2.655 million, according to Oman News Agency (ONA). This project is …
(Photo archive)
23 April 04:26 PM Mobily turns to losses in Q1
Riyadh – Mubasher: Etihad Etisalat (Mobily) suffered losses of SAR 163 million in the first quarter of 2017 against profits of SAR 20 million in Q1-16. The company turned to losses mainly due to pressures on sales and stoppage of unregistered …
Photo Credit: Arabianeye-Reuters
23 April 04:24 PM Court issues ruling against Kuwait’s Al Dar
Mubasher: A Kuwaiti court has ordered Al Dar National Real Estate to pay KWD 8.61 million to Mohammed Abdulmohsin Al Kharafi and Sons Co, according to a bourse statement issued on Sunday. In a previous statement by Al Dar, the company had said …