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Saudi Exchange (Tadawul)
5 hours ago Tadawul unveils draft amendments to exchange rules for public consultation to boost Sukuk, debt markets
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has announced the publication of draft amendments to its Exchange Rules for public consultation, focusing on the development of the Sukuk and debt markets in the Kingdom. The proposed changes aim to …
Asas Makeen Real Estate Development and Investment Company
2 June 07:51 PM Asas Makeen plans 200% capital hike through bonus shares
Riyadh – Mubasher: Asas Makeen Real Estate Development and Investment Company announced that its shareholders ratified increasing the capital by 200% through two bonus shares for every one owned share, according to a bourse disclosure. During the …
Photo Archive
2 June 05:28 PM Saudi Arabia records $23.3bn M&A deals in Q1-26 despite geopolitical challenges - Report
Riyadh - Mubasher: Saudi Arabia’s mergers and acquisitions (M&A) market continues to show resilience despite ongoing geopolitical uncertainty across the region, according to Ansarada’s latest Middle East M&A analysis report. In the first quarter …
Ministry of Human Resources and Social Development (MHRSD)
1 June 05:32 PM Saudi Arabia to raise Saudization in procurement sector to 70%; details unveiled
Riyadh - Mubasher: The Ministry of Human Resources and Social Development (HRSD) has announced the implementation of a decision to increase the Saudization rate to 70% in procurement-related professions in the private sector, effective 31 May …
Alkhabeer Capital
1 June 05:07 PM Alkhabeer Capital announced Saudi Arabia’s top workplace in financial sector
Riyadh – Mubasher: Alkhabeer Capital, a Saudi-based asset manager and investment firm, has been recognized by Great Place to Work Middle East as the Best Workplace in Saudi Arabia’s financial sector for the 14th consecutive year, according to a …
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1 June 04:30 PM CMA approves public offering of Al Rajhi GCC Equity Income Fund
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved the public offering of the Al Rajhi GCC Equity Income Fund, which will be managed and offered by Al Rajhi Capital, a subsidiary of Al Rajhi Bank. The approval allows the fund to be …
Photo Archive
1 June 11:07 AM Sport Clubs names non-executive board member for current term
Riyadh – Mubasher: Sport Clubs Company has appointed Sara Abdulaziz Almodaimigh as a non-executive board member for the current board term, which ends on 25 September 2027. Her membership commenced on 1 June 2026, according to a bourse statement. …
Saudia
1 June 09:18 AM Saudia bolsters global connectivity with 12 new aircraft deliveries throughout 2026
Riyadh – Mubasher: Saudia plans the delivery of 12 new aircraft throughout 2026, supporting its fleet expansion strategy to boost operational efficiency and enhance global connectivity, according to a press release. The continued fleet expansion …
Photo Archive
31 May 12:18 PM Al Etihad Cooperative Insurance now licensed for new product serving visitors to Saudi Arabia
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has obtained the final approval from the Saudi Insurance Authority (IA) to market and sell its new Tourist Insurance product, according to a bourse filing. The insurance solution is …
Riyadh
28 May 12:20 PM Saudi Arabia’s macroeconomic environment in early 2026 reflects adjustment phase – Report
Riyadh – Mubasher: The Saudi market has been defined by strategic recalibration, steady structural demand drivers, and continued investor confidence during the first quarter (Q1) of 2026 despite a more complex regional economic backdrop, according …
Mobily, Ericsson collaborate for 20 years during Hajj season
28 May 06:33 PM Mobily, Ericsson collaborate for 20 years during Hajj season
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) and Ericsson have marked 20 years of collaboration in supporting connectivity for pilgrims during Hajj season, enhanced with expanded 5G capacity and AI-based capabilities this year. The …
Liva Group
28 May 06:02 PM GCC-focused Liva Group welcomes Thomssen in executive team
Mubasher: Liva Group, a leading insurance group operating across the GCC, has appointed Michael Thomssen as Group Chief Financial & Investment Officer, according to a press release. Thomssen will be responsible for delivering strong financial …
General Motors Africa and Middle East
28 May 05:38 PM General Motors announces top leadership changes for Middle East, Africa
Mubasher: General Motors (GM) Africa and Middle East unveiled senior leadership appointments in its commercial operations that will become effective on 1 June 2026, according to a press release. Rohan Fernandes, who is currently in the position of …
5G Flying Site service by stc
28 May 04:56 PM stc offers integrated digital services during Hajj season
Riyadh – Mubasher: Saudi Telecom Company (stc) Group provided pilgrims during this year’s Hajj season with a comprehensive suite of technical and digital infrastructure in the holy sites, according to a press release. The telecom operator aimed at …
Photo Archive
28 May 12:19 PM Region-focused fintech firm Network International fast tracks FABMISR digital payments
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt and a subsidiary of the UAE listed FAB, recently entered into a strategic partnership agreement with leading fintech company across the Middle East …
Photo Archive
28 May 12:16 PM Saudi-, UAE-based organizations receive global recognition in facility management industry
Riyadh – Mubasher: The Middle East Facilities Management Association (MEFMA) lately celebrated the recognition of two of its strategic corporate members at the Global FM Awards of Excellence 2026, according to a press release. Red Sea Global from …
Xinghe network launch in Saudi Arabia
28 May 12:14 PM Middle East region to benefit from upgraded Xinghe network through launch in Saudi Arabia
Riyadh – Mubasher: Huawei recently launched its most advanced AI-driven Datacom portfolio, the upgraded Xinghe Intelligent Network, at Saudi Arabia IP Club 2026 in a step marking regional debut in the Middle East, according to a press release. The …
Riyadh
28 May 12:12 PM Saudi Arabia’s MICE sector seen ahead of extraordinary growth period
Riyadh – Mubasher: The Saudi MICE sector is entering a period of extraordinary growth, Danielle Curtis, Regional Portfolio Director – UAE, RX, said in a recent press release. Saudi Arabia advances its Vision 2030 economic diversification agenda, …
Saudi Telecom Company (stc)
28 May 12:10 PM stc delivers one of world’s record performances on Arafah Day
Riyadh – Mubasher: The giant Saudi Telecom Company (stc) group stated that it successfully delivered one of the world’s most demanding digital and operational performances on the Day of Arafah, which occurred on 26 May 2026. The Saudi telecom …
Saudi Arabian Oil Company (Aramco)
25 May 05:16 PM Aramco transfers full ownership in PRefChem to Petronas
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Petroliam Nasional Berhad (Petronas) have signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. …
Al Rashid Industrial Company
27 May 03:06 PM Al Rashid Industrial to vote on 50% capital hike recommendation, GCC-based transaction
Riyadh – Mubasher: The board members of Al Rashid Industrial Company officially invited its shareholders to attend the extraordinary general meeting (EGM) on 17 June 2026 to vote on the primary agenda for the session that involves a capital …
Photo Archive
27 May 12:14 PM Fadeco boosts regional footprint by entering 2 markets
Riyadh – Mubasher: Arabian Food & Dairy Factories Company (Fadeco) announced the commencement of its product exports to Iraq and Djibouti, according to a bourse disclosure. This strategic move marks a significant step in the company’s regional …
Alef Education Holding and TMRW Edtech
24 May 10:55 AM AI-powered education solutions in GCC, MENA endorsed via EdTech agreement
Abu Dhabi - Mubasher: Alef Education Holding has teamed up with TMRW Edtech to benefit the GCC and MENA region by redefining the future of schooling through advanced AI-driven innovation, according to a press release. The two education innovators …
Aramco, Pasqal launch Middle East’s 1st commercial QCaaS platform
18 May 06:41 PM Aramco partners with Pasqal to launch Middle East’s 1st commercial QCaaS platform
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) collaborated with Pasqal, a global leader in neutral-atom quantum computing, for the inauguration of the first quantum computer in Saudi Arabia. Aramco and Pasqal also unveiled the first …
Saudi Exchange (Tadawul)
18 May 04:51 PM Tadawul to close full week for Eid Al Adha
Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that Eid Al Adha holiday will commence on Sunday, 24 May 2026, according to an official statement. Tadawul stated that the last day of trading before the holiday will be Thursday, 21 May …