Latest 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 …
(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. …
(Photo archive)
23 April 01:05 PM NCBC sets Fawaz Alhokair PT at SAR 37.7
Riyadh – Mubasher: NCB Capital said that Fawaz Abdulaziz Alhokair’s first-quarter results beat estimates. The company achieved profits of SAR 79.4 million, which came higher than the investment firm’s expectations of SAR 54.9 million and consensus …
(Photo Credit: Agency website)
23 April 12:31 PM SAMA allows Namar Brokers to reoperate
Riyadh – Mubasher: The Saudi Arabian Monetary Agency (SAMA) allowed Namar Insurance and Reinsurance Brokers Company to operate once again as of 23 April, after applying some regulations by the agency. The company stressed on its commitment to …
(Photo Credit: SAMA Website)
23 April 12:23 PM SAMA’s foreign reserves represent 80% of GDP
Riyadh – Mubasher: Foreign reserves at the Saudi Arabian Monetary Authority (SAMA) represent 80% of the Saudi gross domestic product (GDP), according to a statement. The reserves represent a good line of defense to protect the local economy from …
(Photo Credit: Arabianeye-Reuters)
23 April 12:18 PM Saudi Chemical OKs SAR 95m dividends for H2-16
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Saudi Chemical approved the cash dividends distributed for the first half of 2016. The company distributed dividends at SAR 1.5 per share or 15% of capital, totalling SAR 94.86 million, …
(Photo Credit: Company website)
23 April 12:03 PM SARCO not to distribute dividends for 2016
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Arabia Refineries Company (SARCO) approved the freeze of dividends for fiscal year 2016. The EGM also agreed on the board’s and auditors’ reports for 2016, in addition to amending …
(Photo Credit: Company website)
23 April 11:43 AM Dur shareholders nod to annual dividends
Riyadh – Mubasher: Dur Hospitality Co said its shareholders approved 4.5% dividends or 45 halalas per share for the second half of 2016, according to a bourse statement. Total approved dividends amount to SAR 45 million for H2-16. The shareholders …
KSA finance minister, Mohammed Al-Jadaan (Photo Archive)
23 April 11:42 AM KSA Q1 top line beats expectations – Minister
Riyadh – Mubasher: The performance of Saudi Arabia's general budget in the first quarter of the year showed that revenues were better than expected and expenses were lower than the ones approved for the period, finance minister Mohammed …
(Photo archive)
23 April 11:38 AM Al Tayyar sells 75% stake in Sudan unit
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Tayyar Group approved selling its 75% stake in Al Tayyar International Co in Sudan. The stake was sold to Al Shamila Holding Co for SAR 4.22 million ($1.125 million), according to a …
(Photo Credit: Arabianeye-Reuters)
23 April 11:03 AM Tadawul, Nomu rise at Sunday open
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) rose 1.2% or 79.85 points to 6,978.85 points at Sunday’s open. By 10:59 am Makkah time, 65.49 million shares were exchanged through 24,570 transactions at a value of SAR 1.08 …