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20 May 07:36 AM

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15 minutes ago Saudi Arabia, UAE cut US Treasury holdings in March
Riyadh – Mubasher: Saudi Arabia and the UAE cut their US Treasury holdings in March by nearly $17 billion as the Iran conflict hit crude exports, their key source of dollar income. The kingdom reduced its US Treasury holdings by $10.80 billion to …
Banking and Finance
Riyadh Air
39 minutes ago Riyadh Air opens ticket sales for Dreamliner London route
Riyadh - Mubasher: Saudi flag carrier Riyadh Air began the ticket sales for passengers flying between King Khalid International Airport and London Heathrow Airport aboard its new fleet of Boeing 787-9 Dreamliner aircraft starting on 1 July 2026. …
Companies Investments
Mawani
45 minutes ago Mawani boosts regional logistics integration via new Red Sea shipping route
Riyadh - Mubasher: The Saudi Ports Authority (Mawani) partnered with Folk Maritime and SABIC to launch a new Red Sea Express container shipping service to King Fahd Industrial Port, the Saudi Press Agency (SPA) reported. The new service, with a …
Companies Investments
Photo Gallery
19 May 01:00 PM Almarai’s Beyti launches nationwide school nutrition program for Egyptian students
 Mubasher: Beyti, a subsidiary of Almarai Company, has officially signed a cooperation protocol with the Educate Me Foundation to launch its first school nutrition signature program (A Glass a Day, a Hero Every Day). The program is held under the …
Companies Investments
Saudi flyadeal
19 May 12:12 PM Saudi flyadeal plans daily flights to India’s Hyderabad from 1 July
Riyadh - Mubasher: Saudi low-cost airline flyadeal has launched scheduled services to India with daily flights between Riyadh and Hyderabad beginning 1 July 2026, according to a press release. Tickets are now available on sale, bookable via …
Global Economy
Saudi Capital Market Authority (CMA)
19 May 12:00 PM Saudi CMA approves public offering of Al Rajhi GCC Equity Fund excluding KSA
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has nodded for Al Rajhi Capital, a subsdiary of Al Rajhi Bank, to proceed with the public offering of the Al Rajhi GCC Equity Fund (Excluding KSA), according to an official …
Trading Activities
PlayReplay
19 May 11:34 AM AI-power PlayReplay secures $12m amid potential expansion into Saudi Arabia, regional markets
Mubasher: PlayReplay, an AI-powered intelligent court system for racquet sports, has raised a total of $12 million in a funding round led by Alfvén & Didrikson (A&D) alongside other investors, including Centre Court Capital, ExM Investment …
Company News
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19 May 08:58 AM ADNOC Distribution, Americana Restaurants International partner to improve roadside trail across region
Mubasher: The net profits of ADNOC Distribution and Americana Restaurants International joined forces to expand dining and convenience offerings across ADNOC Distribution service station locations in the UAE, Saudi Arabia, and Egypt. Under the …
Companies Investments
SAB Invest
19 May 07:57 AM We are supporting evolution of Saudi Arabia as global financial hub - SAB Invest CEO
Riyadh – Mubasher: SAB Invest, the investment arm of Saudi Awwal Bank (SAB), was announced as the first ETF market maker in the Kingdom, marking a new milestone in the Saudi capital market, according to a press release. The CEO of SAB Invest, Ali …
Companies Investments
Aramco, Pasqal launch Middle East’s 1st commercial QCaaS platform
18 May 04:41 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 …
Global Economy
Saudi Exchange (Tadawul)
18 May 02:51 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 …
Event
Photo Archive
18 May 05:06 PM IMF issues statement following visit to Saudi Arabia; regional capacity development discussed
Riyadh – Mubasher: The International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance held the second High-Level Strategic Dialogue on Capacity Development and agreed to a suite of support to IMF capacity development across the Middle …
Macroeconomics
Ghaia Investment, Chicago Global
18 May 03:58 PM Ghaia Investment, Chicago Global introduce Parallax in Saudi Arabia
Riyadh – Mubasher: Ghaia Investment Holding and next-generation investment management firm Chicago Global are introducing Parallax in Saudi Arabia to help institutions form, review and govern investment decisions. Parallax is developed by Chicago …
Global Economy
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18 May 02:24 PM Riyad Bank launches 1st corporate card offering via partnership with Mastercard
Riyadh – Mubasher: Riyad Bank and Mastercard jointly launched an innovative Travel and Expense (T&E) Corporate Card program, marking the Saudi lender’s first corporate card offering in the Kingdom. The launch builds on the two entities’ ongoing …
Global Economy
Photo Gallery
18 May 11:28 AM Majid Al Futtaim officially launches SHARE in Saudi Arabia
Mubasher: Majid Al Futtaim has officially launched SHARE in Saudi Arabia, introducing its flagship rewards program to one of the region’s fastest-growing and digitally connected markets, according to a press release. SHARE serves as the group’s …
Global Economy
Fawry
18 May 10:13 AM Fawry records EGP 2.4bn consolidated revenues in Q1-26
Cairo - Mubasher: The consolidated net profits after tax of Fawry for Banking Technology and Electronic Payments hiked to EGP 792.75 million in the first quarter (Q1) of 2026 from EGP 641.66 million in Q1-25 Revenues also climbed to EGP 2.41 …
Company News
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18 May 10:00 AM Dana Gas records 72% higher profits in Q1-26 due to production growth
Abu Dhabi – Mubasher: Dana Gas logged net profits totaling AED 270 million ($74 million) in the first quarter (Q1) of 2026, marking a 72% year-on-year (YoY) leap from AED 158 million ($43 million). The gross revenues jumped by 59% YoY to AED 531 …
Company News
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18 May 09:58 AM CBE unveils EGP 8bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bonds (T-bonds) totaling EGP 8 billion in two tranches on Monday, 18 May 2026, according to official data. The first auction, valued at EGP 3 billion, will mature in two years on 17 …
Macroeconomics
Dar Al Balad for Business Solutions
18 May 09:18 AM Region-focused Dar Al Balad for Business Solutions’ retail IPO tranche sees 375% coverage; final price unveiled
Riyadh – Mubasher: The individual investor subscription period for Dar Al Balad for Business Solutions Company’s initial public offering (IPO) has been concluded at a final offer price of SAR 9.75 per share. The retail offering saw significant …
Trading Activities
Photo Archive
18 May 08:42 AM Dar Al Arkan mandates regional, global lenders for USD-denominated issuance
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company plans to issue Sharia-compliant, USD-denominated, fixed-rate RegS senior unsecured Sukuk, according to a bourse filing. Dar Al Arkan has mandated Abu Dhabi Commercial Bank (ADCB), Abu …
Corporate Actions
Saudi Exchange (Tadawul)
17 May 03:11 PM SAB Invest becomes inaugural market maker under Tadawul’s new ETF framework
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has officially announced the approval of SAB Invest to act as the first designated market maker under the Exchange Traded Funds (ETF) Market Making Framework, which was launched earlier in 2026. This …
Management Decisions
Valu
17 May 01:19 PM Valu posts EGP 220.5m consolidated profits in Q1-26
Cairo - Mubasher: U Consumer Finance (Valu) achieved consolidated net profits after tax amounting to EGP 220.59 million in the first quarter (Q1) of 2026, up year-on-year (YoY) from EGP 123.92 million. The earnings per share (EPS) climbed to EGP …
Company News
TruKKer
17 May 12:04 PM TruKKer secures up to $300m securitization facility from ADCB to expand in MENA
Riyadh - Mubasher: MENA-based digital freight network TruKKer secured an inaugural trade receivables securitization facility of up to $300 million arranged and funded by Abu Dhabi Commercial Bank (ADCB). The transaction, among the GCC’s first …
Company News
Photo Archive
17 May 10:23 AM Alexandria Container’s net profits jump to EGP 1.9bn in Q1-26
Cairo - Mubasher: Alexandria Container & Cargo Handling logged 10% year-on-year (YoY) higher net profits after tax at EGP 1.94 billion in the first quarter (Q1) of 2026, compared to EGP 1.76 billion. Net sales jumped by 4% to EGP 2.15 billion in …
Financial Results
Elsewedy Electric
17 May 09:20 AM Elsewedy Electric’s consolidated revenues total EGP 75.2bn in Q1-26
Cairo - Mubasher: Elsewedy Electric Company generated consolidated net profits after tax totaling EGP 5.22 billion in the first quarter (Q1) of 2026, an annual rise from EGP 4.72 billion. Total revenues hit EGP 75.29 billion as of 31 March 2026, …
Financial Results