Stocks News

Riyadh – Mubasher: Arab Sea Information Systems Company has purchased an office tower from Mohammed Saleh Al Suhaibani at a value of SAR 59 million, according to a bourse filing. The company entered into the agreement on 4 June 2024 to make the …

Riyadh – Mubasher: Webuild Saudi Arabia has awarded a SAR 33 million contract to International Water Distribution Company (Tawzea), a portfolio company of Sustainable Infrastructure Holding Company (SISCO Holding). The contract covers the supply …

Riyadh – Mubasher: Saudi Cement Company announced cash dividends valued at SAR 191.25 million, representing 12.50% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 1.25 per share for 153 million eligible …

Riyadh – Mubasher: Abdulaziz & Mansour Ibrahim Albabtain Company (Al Babtain Food) has appointed Mansour Ibrahim Abdullah Ababtain as the board’s Chairman for the next three years. Abdul Aziz Ibrahim Abdullah Al Babtain was announced as the Vice …

Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …

Riyadh – Mubasher: National Building and Marketing Company inked, on 4 June 2024, a SAR 350 million agreement with Al Fayzia Real Estate Development Company. The two entities will team up to develop villas and residential apartments (Granada …

Riyadh – Mubasher: Ladun Investment Company inked a rental contract worth SAR 107.96 million with Real Estate Development Fund, according to a bourse disclosure. The development fund will rent an administrative building, with an area of ​​11,247 …

Riyadh – Mubasher: Banan Real Estate Company has submitted a request to transition to the main market of the Saudi Exchange (Tadawul). The request was submitted on 4 June 2024 through the market's online portal, according to a bourse filing. Banan …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) approved cash dividends amounting to SAR 105 million for the second half (H2) of 2023. The total dividends distributed and …

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …

Riyadh – Mubasher: The board of National Gas and Industrialization Company (GASCO) approved cash dividends valued at SAR 82.50 million, representing 11% of the capital, for the first half (H1) of 2024. GASCO will disburse a dividend of SAR 1.10 …

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has signed a non-binding memorandum of understanding (MoU) with Dar Al-Balad Business Solutions Company to acquire up to 100% of the company’s shares, including its rights and …

Riyadh – Mubasher: ACWA Power Company penned a deal to sell 30% of its shareholding in the Rabigh Arabian Water & Electricity Company (RAWEC) IWSPP to Hassana Investment Company. The parties sealed the share purchase agreement (SPA) on 3 June 2024 …

Riyadh - Mubasher: Pan Gulf Marketing Company obtained a SAR 70 million loan from Saudi Awwal Bank (SAB) on 29 May 2024, according to a bourse disclosure. The facility deal, which is valid for one year, is secured by a promissory note and a …

Riyadh – Mubasher: The Insurance Authority (AI) greenlighted, on 2 June, the request of Salama Cooperative Insurance Company to increase its capital by offering rights issues worth SAR 100 million. The company’s new capital will stand at SAR 300 …

Abu Dhabi – Mubasher: Burjeel Holdings has signed a framework agreement to establish a joint venture (JV) AL KALMA with Keralty S.A.S, a Colombia-based multinational health organization. The alliance plans to develop and operate an integrated …

Riyadh – Mubasher: The shareholders of Al Babtain Power and Telecommunication Company greenlighted cash dividends amounting to SAR 63.94 million for 2023. The Saudi firm will disburse SAR 1 per share, representing 10% of the company’s capital, for …

Riyadh – Mubasher: Bank Aljazira has completed an off-market private transaction to buy 4.65 million shares in AlJazira Takaful Taawuni. The acquired stake represents 7.05% of the company’s capital, according to a bourse filing. Bank Aljazira …

Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) inked a new bank facility agreement with Alinma Bank at a total value of SAR 135 million. 2P Prefect Presentation obtained the loan on 2 June 2024 and it …

Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced the board’s decision to pay cash dividends valued at SAR 562.50 million for the first half (H1) of 2024. Yansab will disburse a dividend of SAR 1 per share, equivalent to …

Riyadh – Mubasher: Elm Company signed a memorandum of understanding (MoU) with France-based Numeryx Technologies to boost digital transformation, according to a press release. The partnership aims to reinforce business prospects and implement …

Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) completed the acquisition of a 40% stake in Gas and Oil Pakistan Limited (GO), according to a press release. GO is a diversified downstream fuels, lubricants and retail store operator in …

Riyadh – Mubasher: The board of SABIC Agri-Nutrients Company recommended cash dividends amounting to SAR 1.42 billion, on 30 May, for the first half (H1) of 2024. The Saudi firm will disburse a dividend of SAR 3 per share, representing 30% of the …