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Mobily, Ericsson collaborate for 20 years during Hajj season
28 May 05:33 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 05:02 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 04:38 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 03:56 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 11:25 AM PIF-owned HUMAIN boosts AI adoption through collaboration with Accenture
Riyadh – Mubasher: HUMAIN, a subsidiary of the Public Investment Fund (PIF), has teamed up with Accenture which will be a strategic reinvention and AI partner in Saudi Arabia that helps HUMAIN scale its AI capabilities across the Kingdom, …
Riyadh
28 May 11:20 AM 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 …
Photo Archive
28 May 11:19 AM 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 11:16 AM 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 11:14 AM 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 11:12 AM 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 11:10 AM 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 …
Photo Archive
27 May 02:18 PM Future Vision to consider doubling capital through bonus shares
Riyadh – Mubasher: Future Vision for Health Training Company invited its shareholders to participate in an extraordinary general meeting (EGM) scheduled for 17 June 2026, which includes voting on a proposed 100% capital raise, according to a …
Al Rashid Industrial Company
27 May 02:06 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 …
First Avenue for Real Estate Development Company
27 May 01:50 PM First Avenue to discuss SAR 95m capital increase in mid-June assembly
Riyadh – Mubasher: First Avenue for Real Estate Development Company will hold its extraordinary general meeting (EGM) on 15 June 2025 to review the proposed 46.34% increase of the company’s capital. According to official records, First Avenue …
Photo Archive
27 May 11:26 AM Armah secures SAR 110m funding from SNB
Riyadh – Mubasher: Armah Sports Company, a leading entity in the Saudi Arabian fitness and wellness sector, has obtained a Sharia-compliant Murabaha financing facility from the Saudi National Bank (SNB), according to a bourse disclosure. The …
Aqaseem Factory for Chemicals and Plastic Company
27 May 11:22 AM Aqaseem terminates potential acquisition agreement
Riyadh – Mubasher: Aqaseem Factory for Chemicals and Plastics Company has officially announced the termination of its memorandum of understanding (MoU) regarding a stake acquisition in Leader Express, according to a bourse filing. The decision, …
Armah Sports Company
27 May 11:19 AM Armah to develop, operate new sports clubs upon land lease agreement
Riyadh – Mubasher: Armah Sports Company has signed a major land lease agreement in Riyadh to develop two new sports clubs, according to a bourse filing. The agreement was reached with the heirs of Mohammed Suliman Al Yahya for a plot located in Al …
Future Vision for Health Training
27 May 11:17 AM Future Vision renews accreditation as CPD provider
Riyadh – Mubasher: Future Vision for Health Training, a specialized provider listed on the Saudi Exchange (Tadawul), has announced the successful renewal of its professional accreditation from the Saudi Commission for Health Specialties (SCFHS). …
Photo Archive
27 May 11:14 AM 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 …
Photo Archive
27 May 11:13 AM Wajd Life secures over SAR 39m contract with Majmaah University
Riyadh – Mubasher: Wajd Life Trading Company has announced the awarding of a significant service contract by Majmaah University at a project value of approximately SAR 39.28 million, according to a bourse disclosure. The contract marks a …
Photo Archive
27 May 11:11 AM Al Mohafaza Company for Education unveils 5-year agreement with King Abdulaziz University
Riyadh – Mubasher: Al Mohafaza Company for Education has signed a cooperation agreement with King Abdulaziz University, represented by the Applied College, to develop and execute a range of specialized educational programs. The partnership was …
Photo Archive
26 May 07:39 PM Edarat Group to consider 50% capital raise through free shares, dividends payout
Riyadh – Mubasher: Edarat Communication and Information Technology Company will hold a shareholders meeting on 14 June 2026 to vote on a board’s recommendation to increase the capital by 50% through the issuance of bonus shares. During the …
Digital Research Company (DRC)
26 May 07:14 PM Saudi DRC’s shareholders to discuss 75% capital increase late June
Riyadh – Mubasher: Digital Research Company (DRC) has formally announced the invitation of its shareholders to attend an extraordinary general meeting (EGM) on 28 June 2026 to mainly review and vote upon a proposed capital raise, according to a …
Dar Almarkabah for Renting Cars Company (DS Rent)
26 May 06:31 PM DS Rent issues update about auto rental firm acquisition
Riyadh – Mubasher: Dar Al Markabah for Renting Cars Company (DS Rent) has formally announced the termination of its memorandum of understanding (MoU) regarding the proposed acquisition of Al Sahm Al Thahabi Car Rental Company. The company informed …
Photo Archive
26 May 05:59 PM Multi Business Group to discuss 200% capital hike process in June
Riyadh – Mubasher: Multi Business Group Company has issued a formal invitation to its shareholders to attend an extraordinary general meeting (EGM) scheduled for 25 June 2026 to vote on a substantial capital increase through bonus shares. The …