Stocks News

The company will increase its capital to SAR 1.25 billion
27 February 03:28 PM CMA approves Cooperative Insurance capital hike
Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has approved on Monday the Company for Cooperative Insurance request to increase its capital from SAR 1 billion to SAR 1.25 billion, according to a statement. The capital increase will be …
(Photo credit: Press Release)
27 February 01:06 PM Nomu to raise SMEs contribution to 35% of GDP – Al Rajhi Capital
Riyadh – Mubasher: Al Rajhi Capital said that launching Nomu supports the Vision 2030 objectives which raise the contribution of small- and medium-sized enterprises (SME) from 20% to 35% of the GDP. On 26 February, the Saudi Stock Exchange …
(Photo archive)
27 February 10:04 AM Al Yamamah EGM approves SAR 139.7m dividends for 2016
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Al Yamamah Steel Industries Company approved the distribution of cash dividends to the shareholders for 2016. Dividends will be distributed at SAR 2.75 per share or 27.5% of the nominal …
The 150-bed facility is valued at AED 327.3 million (Photo Credit: Press Release)
27 February 09:59 AM Ajman Bank, German Hospitals Group sign deal for new project
Dubai – Mubasher: Ajman Bank has inked a financing agreement with Saudi German Hospitals Group for the construction of the Saudi German Hospital – Ajman (SGH-Ajman) project. The 150-bed facility is valued at AED 327.3 million, according to a …
(Photo credit: Arabianeye - Reuters)
27 February 09:25 AM SISCO proposes 20% capital hike through bonus shares
Riyadh – Mubasher: Saudi Industrial Services Co's (SISCO) board recommended a 20% increase in capital through bonus shares. The company's capital will rise from SAR 680 million to SAR 816 million, so that the number of shares will go up from 68 …
(Photo archive)
27 February 09:18 AM Amiantit shareholders equity down SAR 157.7m on IFRS conversion
Riyadh – Mubasher: Saudi Arabian Amiantit Company said that shareholders equity decreased SAR 157.7 million as of 1 January and SAR 134.2 million as of 31 December 2016 as a result of converting to IFRS. The company noted that all International …
(Photo credit: Arabianeye - Reuters)
27 February 08:57 AM Bawan to distribute SAR 0.25/shr dividends for Q4
Riyadh – Mubasher: Bawan Holding decided to distribute 2.5% dividends for the fourth quarter of 2016 at SAR 0.25 per share, totaling SAR 15 million. Shareholders of record until the close of trading on 5 March are eligible for the dividends, which …
Photo Credit: Mubasher
26 February 04:29 PM Malath to consider capital cut mid-March
Mubasher: Malath Cooperative Insurance and Reinsurance will hold its extraordinary general meeting (EGM) on Sunday, 12 March, to overview the board’s recommendation of decreasing its capital by 60%. The shareholders will discuss reducing the …
Photo Credit: Arabianeye-Reuters
26 February 12:40 PM Nomu-Parallel Market rises on launching session
Riyadh - Mubasher: In its first trading session, the Nomu-Parallel Market saw a group rise on Sunday, with some stocks reaching the maximum allowed limit that has been set at 20%. Arab Sea Information System, and Devlopment Works surged 20%, while …
The insurance coverage includes SAR 68.40 million worth premiums (Photo Credit: Mubasher)
26 February 10:06 AM Tokio Marine extends deal with Aljomaih Holding
Mubasher: Al Inma Tokio Marine Co has renewed, on 23 February, its insurance agreement with Aljomaih Holding Co for one year starting from March, 2016, according to a bourse statement issued on Sunday. The insurance coverage includes SAR 68.40 …
The overall value of dividends distributed in FY16 stands at SAR 72.39 million (Photo Credit: Mubasher)
26 February 09:12 AM Aslak board proposes 6.5% dividends payout
Mubasher: The board of United Wire Factories Co (Aslak) recommended 6.5% of cash dividends for the second half of 2016. The company will distribute SAR 0.65 per share, with an overall value of SAR 28.5 million, according to a bourse statement …
Photo Credit: Arabianeye-Reuters
25 February 03:06 PM Tadawul awaits important events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of events during this week, between 26 February to 2 March, led by the launching of the parallel market. The Saudi Capital Market Authority (CMA) will …
(Photo Credit: Arabianeye-Reuters)
23 February 12:11 PM Three Egyptian property firms suspend Saudi projects – Agency
Cairo – Mubasher: Three Egyptian companies said on Thursday that they have suspended housing-related agreements with Saudi Arabia following political instability between the two countries, news agency Reuters reported. In April 2016, four …
(Photo archive)
23 February 11:50 AM AlJazira Capital keeps ‘Overweight' on Tasnee, with TP SAR 15.20/shr
Riyadh – Mubasher: AlJazira Capital said that the National Industrialization Company may see an improvement in profits in 2018 after selling the assets due to lower Opex and the cancellation of the tax on income. The investment firm maintained its …
(Photo credit: Arabianeye - Reuters)
23 February 10:21 AM Al Rajhi Takaful to offer insurance coverage to Education employees
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) signed an agreement with the Ministry of Education to provide its employees and their families with optional insurance services. Under the agreement, the company will …
(Photo archive)
23 February 10:11 AM Tawuniya discusses SAR 500m dividends 21 March
Riyadh – Mubasher: The extraordinary general meeting (EGM) of the Company for Cooperative Insurance (Tawuniya) will discuss the board's recommendation to distribute 50% cash dividends, totaling SAR 500 million. The eligibility will be for the …
(Photo credit: Arabianeye - Reuters)
23 February 09:30 AM Amana to pay SAR 12.4m for violating insurance policy
Riyadh - Mubasher: The Committee for Violations of the Cooperative Health Insurance Law imposed a penalty on Amana Cooperative Insurance on Wednesday for violating the rules of the insurance policy. The company is obliged to pay SAR 12.4 million …
(Photo credit: Arabianeye - Reuters)
23 February 09:14 AM CMA approves Malath capital cut by 60%
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Malath Cooperative Insurance and Reinsurance's request to decrease its capital. The company's capital will be reduced from SAR 300 million to SAR 120 million so that the number of …
(Photo credit: Arabianeye - Reuters)
23 February 08:56 AM Taiba proposes SAR 0.40/shr dividends for Q4
Riyadh – Mubasher: Taiba Holding's board recommended the distribution of dividends of SAR 0.40 per share at a total amount of SAR 60 million for the fourth quarter of 2016. The dividends' distribution represents 4% of the stock’s par value, …
(Photo credit: Arabianeye - Reuters)
23 February 08:43 AM Al Ahlia EGM approves 50% capital cut
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Al Ahlia Cooperative Insurance approved reducing its capital by 50% through the termination of 16 million shares. The capital will be decreased from SAR 320 million to SAR 160 million, …
Capital reduction will occur through cancelling 11.8 million shares (Photo Credit: Arabianeye-Reuters)
22 February 03:38 PM Al Baha board proposes 40% capital cut
Mubasher: The board members of Al Baha Investment and Development recommended a capital reduction by 40% to SAR 177 million from SAR 295 million, according to a bourse filing issued on Wednesday. Decreasing the capital is subject to the Capital …
Profits totalled SAR 24,541 in 2016 - (Photo Archive)
22 February 03:22 PM Saudi Ceramic annual profits down 91%
Riyadh - Mubasher: Saudi Ceramic Company reported a drop in profits by 91.35% in 2016, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday. Net profit amounted to SAR 24.54 million last year down from SAR 283.8 …
(Photo archive)
22 February 02:34 PM SABIC posts SAR 18bn profits in 2016
Riyadh – Mubasher: Saudi Basic Industries Corporation's (SABIC) profits fell 4.95% year-on-year in 2016. Net earnings decreased to SAR 17.84 billion in 2016 from SAR 18.77 billion in 2015, according to a bourse filing on Wednesday. The fall in net …
(Photo archive)
22 February 12:09 PM Tasnee to pay Cristal debts after selling assets to Tronox
Riyadh – Mubasher: National Industrialization Company (Tasnee) said that it will pay the total debts of SAR 6.3 billion of its subsidiary titanium dioxide business Cristal after selling its assets to chemical company Tronox Ltd (TROX.N). Cristal …
(Photo archive)
22 February 09:19 AM Mobily obtains unified licence for SAR 5m
Riyadh - Mubasher: Etihad Etisalat Company (Mobily) has announced that as per the unified licence awarded to it by the Saudi Communications and Information Technology Commission (CITC), the firm can provide all licensed telecommunication services …