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3 September 06:34 AM BytePlus to launch MEA’s 1st cloud region in Riyadh via Mobily’s collaboration
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) and BytePlus entered into a strategic partnership to launch BytePlus’s first Public Cloud region in the Middle East and Africa (MEA) region in Riyadh, with estimated investments of $150 million. …
American Express
2 September 05:35 PM SAIB to exit American Express Saudi Arabia for SAR 1.4bn
Riyadh — Mubasher: The Saudi Investment Bank (SAIB) inked an agreement to sell its full 50% equity stake in American Express Saudi Arabia to Amex (Middle East) B.S.C. The transaction is valued at SAR 1.43 billion, equivalent to $381.36 million, to …
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31 August 12:37 PM Arabian Drilling pens SAR 3bn agreement with SLB
Riyadh — Mubasher: Arabian Drilling signed a five-year contract valued at approximately SAR 3 billion with SLB Middle East. Under the terms of the agreement, the company will provide 11 land rigs to support integrated gas drilling operations. The …
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30 August 01:55 PM Dar Al Balad secures SAR 20m credit facility from Emirates NBD
Riyadh - Mubasher: Dar Al Balad for Business Solutions Company has secured a Sharia-compliant credit facility valued at SAR 20 million from the Saudi Arabian branch of Emirates NBD. The financing agreement, which was signed on 27 August 2026, is …
Taco Bell
30 August 11:30 AM MENA-focused Americana Restaurants to launch Taco Bell brand in UAE
Riyadh — Mubasher: Americana Restaurants International has signed an exclusive development agreement to launch the Taco Bell brand in the UAE. The partnership marks the company's entry into the Mexican-inspired quick-service restaurant sector and …
Saudi Exchange (Tadawul)
26 August 12:57 PM Tadawul, Muqassa launch structural enhancements to derivatives market
Riyadh — Mubasher: The Saudi Exchange (Tadawul) and the Securities Clearing Center Company (Muqassa) have implemented a series of structural enhancements to the Saudi derivatives market to increase liquidity and capital efficiency. The updates …
Saudi Riyal
25 August 09:44 PM BinDawood Holding obtains SAR 542m financing for international acquisition
Riyadh — Mubasher: BinDawood Holding Company has secured a Sharia-compliant Murabaha financing facility totaling SAR 542 million, according to a bourse filing. The credit facility was provided by Banque Saudi Fransi and Gulf International Bank …
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25 August 09:27 PM Saudi 2P Perfect Presentation inaugurates branch abroad
Riyadh —Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) announced the opening of a new corporate branch in the Syrian Arab Republic, according to a bourse filing. The move aligns with the company’s …
Saudi Riyal Symbol
24 August 09:06 PM Saudi National Building announces banking agreement with UAE lender FAB for subsidiary
Riyadh – Mubasher: National Building and Marketing Company said that its subsidiary, Ajeej Steel Manufacturing Company, has secured a Sharia-compliant banking facility agreement with First Abu Dhabi Bank (FAB), according to a bourse filing. The …
Public Investment Fund (PIF)
17 August 04:08 PM PIF delivers strong revenue, profit growth in 2025 – Recap
Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) published its 2025 Annual Report demonstrating strong financial performance and continued progress against its long-term objectives. Key highlights of the report showed that revenue rose by …
Arabian Drilling
19 August 12:23 PM Arabian Drilling signs offshore contract for Oman expansion
Riyadh — Mubasher: Arabian Drilling has signed a contract with Masirah Oil Limited and Northern Offshore Limited to expand its regional operations into Oman. The agreement, signed on 17 August 2026, covers the drilling of two confirmed wells and …
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18 August 01:05 PM BinDawood Holding acquires 51% stake in Wonder Bakery for AED 115m
Riyadh - Mubasher: BinDawood Holding Company announced the completion of all legal and regulatory procedures to acquire a 51% stake in Wonder Bakery LLC. The total value of the transaction reached AED 114.80 million, with the final consideration …
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18 August 10:40 AM Arabian Drilling secures SAR 250m deal to expand in GCC region
Riyadh — Mubasher: Arabian Drilling has signed a new offshore drilling contract valued at approximately SAR 250 million with a client in the GCC region. The agreement marks the company’s expansion into a new geographical market within the GCC, …
Public Investment Fund (PIF)
17 August 10:04 PM In-detail Annual Report of PIF for 2025 reflects strong financial performance, unveils next-phase strategy
Riyadh – Mubasher: The Public Investment Fund (PIF) of Saudi Arabia published its 2025 Annual Report, which signaled strong financial performance and continued progress against its long-term objectives. As a long-term investor with a unique …
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12 August 05:13 PM Sport Clubs eyes buyback of 1.5m shares for employee incentive program
Riyadh – Mubasher: The board members of Sport Clubs Company recommended on 6 August 2026 the repurchase of 1.45 million ordinary shares. The buyback is intended for the establishment of an employee incentive program, with the repurchased stock to …
Aramco
4 August 09:36 AM Aramco unveils SAR 82bn cash dividends for Q2-26
Riyadh – Mubasher: The board of Saudi Arabian Oil Company (Aramco) has approved a base dividend distribution totaling SAR 82.06 billion for the second quarter (Q2) of 2026. The payout, which aligns with the company’s policy of providing …
Aramco
4 August 09:27 AM Aramco records higher profits at SAR 241.6bn in H1-26 despite geopolitical tensions
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) logged net profits totaling SAR 121.51 billion for the second quarter (Q2) of 2026, an annual hike of 41.90% from SAR 85.63 billion. The oil giant attributed the growth primarily to higher …
Flynas
5 August 09:44 AM Flynas logs SAR 4.2bn revenues in H1-26 amid rising fuel costs
Riyadh - Mubasher: Flynas Company incurred a net loss of SAR 240.58 million for the second quarter (Q2) of 2026, narrowing from a loss of SAR 862.51 million in the same period last year. The results came as quarterly revenue grew by 3.20% to SAR …
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3 August 05:55 PM Sport Clubs generates 101% leap in Q2-26 net profit
Riyadh – Mubasher: The net profits of Sport Clubs Company jumped by 100.89% year-on-year (YoY) to SAR 13.79 million for the second quarter (Q2) of 2026, compared to SAR 6.87 million. The profit surge was supported by quarterly revenues rising by …
CATRION
2 August 05:37 PM CATRION’s net profits drop in Q2-26 due to regional disruptions
Riyadh - Mubasher: The net profits of CATRION Catering Holding Company declined by 27.26% to SAR 47.56 million in the second quarter (Q2) of 2026 from SAR 65.39 million in the same period last year. The company attributed the decline to regional …
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30 July 02:15 PM SPIMACO enters into cross-border distribution agreements
Riyadh — Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has signed distribution agreements on 29 July 2026 with subsidiaries of Cigalah Medical Company, according to a bourse filing. The contracts appoint …
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30 July 06:35 AM Aljazira Capital expects double-digit profit growth for Americana Restaurants in 2026
Riyadh — Mubasher: Americana Restaurants International posted a strong performance in the second quarter (Q2) of 2026, supported by healthy revenue growth, sustained like-for-like (LFL) sales momentum, and significant margin expansion, according …
Halwani Bros Company
29 July 08:48 PM Halwani Bros witnesses 93% profit growth amid nearly SAR 457.5m sales in H1-26
Riyadh – Mubasher: Halwani Bros Company, a regional food manufacturer, reported net profits of SAR 26.88 million during the first half (H1) of 2026. The positive net income marked a 92.83% increase from SAR 13.94 million in the prior-year period, …
Americana Restaurants International
29 July 03:43 PM Americana Restaurants board approves nearly SAR 378m dividends for H1-26
Riyadh — Mubasher: Americana Restaurants International announced that its board of directors has approved an interim cash dividend distribution of SAR 377.99 million ($100.80 million) for the first half (H1) of 2026, according to a bourse …
Americana Restaurants International
29 July 01:08 PM Region-focused Americana Restaurants records revenue growth at over SAR 5bn in H1-26
Riyadh — Mubasher: Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in MENA and Kazakhstan, reported a net profit of SAR 552.08 million during the first half (H1) of 2026. The positive …