Stocks News

Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …

Abu Dhabi – Mubasher: Phoenix Group has collaborated with Tether, the largest company in the digital asset industry, to launch a stablecoin pegged to the UAE Dirham, according to a press release. Backed by Green Acorn Investments Limited, this …

Riyadh – Mubasher: Arabian Mills for Food Products Company intends to proceed with an initial public offering (IPO) on the Saudi Exchange (Tadawul), according to the company’s announcement on 21 August 2024. The Saudi flour milling company plans …

Riyadh – Mubasher: Al Jouf Cement Company penned a credit facilities agreement valued at SAR 150 million with Al Rajhi Bank on 19 August 2024. The Saudi company will use the loan to repay part of an existing financing and support its operations …

Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) has inaugurated its first branch in Qatar, located in the city of Doha. This branch, which is the 73rd for the company, covers an area of 1,392 square …

Riyadh – Mubasher: Dallah Healthcare Company penned a deal to acquire the shares of Ayyan Investment Company in Al Ahsa Medical Services Company and Al Salam Medical Services Company. Dallah will acquire 97.41% shareholding in Al Ahsa and 100% of …

Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) finalised a purchase agreement on 19 August 2024 with Capital Maritime and Trading Corporation, according to a bourse disclosure. In line with its ambitious fleet …

Riyadh – Mubasher: The Fundamental Installation for Electric Work Company Limited (First Fix), a subsidiary of Red Sea International Company, signed a SAR 167 million agreement with Modern Building Leaders Company. First Fix will handle the …

Riyadh – Mubasher: Banan Real Estate Company signed a credit facilities agreement valued at SAR 50 million with Riyad Bank on 19 August 2024. The Saudi company will use the five-year financing to expand business activities, according to a bourse …

Riyadh – Mubasher: The board of Middle East Paper Company (MEPCO) approved the investment in the Tissue Paper Production Line 6 project (TM6), which is estimated at SAR 345 million. The project aims to boost the production capacity of the Juthor …

Riyadh – Mubasher: Red Sea International Company inked a contract with Webuild S.p.A. to build a staff camp serving the Trojena Dam project at NEOM, according to a bourse disclosure. The two entities penned the agreement at a value of SAR 658 …

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), inked a SAR 281.13 million contract with the Branch of Hyundai Engineering Company Limited. The two parties signed the agreement on 14 August …

Riyadh – Mubasher: The board of Fawaz Abdulaziz Al Hokair Company (Cenomi Retail) approved the appointment of Salim Fakhouri as the company’s CEO, which became effective on 14 August 2024. Fakhouri served as the Acting CEO of Cenomi Retail since …

Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit. The two companies partnered with ICEYE to carry out the launch …

Abu Dhabi – Mubasher: Agility Global, a multi-business operator with a global footprint in over 70 countries, has achieved a net profit of $60.30 million in the first half (H1) of 2024. The semi-annual results marked a 2,156% jump from $2.70 …

Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) appointed Saad bin Abdulrahman Al Sadhan as the Acting CEO, effective from 13 August 2024. Sultan bin Abdulaziz Al Dughaither, the CEO of Zain KSA, passed away on 6 …

Riyadh – Mubasher: Saudi Ground Services Company won a SAR 1.50 billion project award from the Aviation Services Company (Riyadh Air), on 12 August 2024, to provide ground handling services. The contract will commence on 1 September 2024 and will …

Riyadh – Mubasher: Qassim Cement Company logged net profits amounting to SAR 147.11 million in the first half (H1) of 2024, an annual leap of 58.12% from SAR 93.03 million. The revenues stood at SAR 399.71 million in H1-24, higher by 28.41% …

Riyadh – Mubasher: Middle East Paper Company (MEPCO) generated 48.93% year-on-year (YoY) lower net losses at SAR 15.24 million in the first half (H1) of 2024, compared to SAR 29.86 million. The revenues amounted to SAR 498.52 million in H1-24, …

Riyadh – Mubasher: The net profits of BinDawood Holding Company hit SAR 135.59 million in the first half (H1) of 2024, up 14.87% year-on-year (YoY) from SAR 118.03 million, according to the interim financials. Earnings per share (EPS) grew to SAR …

Riyadh – Mubasher: The net losses of ARTEX Industrial Investment Company plummeted by 80.88% year-on-year (YoY) to SAR 7.60 million in the first half (H1) of 2024 from SAR 39.76 million. The revenues amounted to SAR 283.02 million in H1-24, up …

Riyadh Mubasher: MBC Group witnessed a 360% jump in net income to SAR 237.80 million during the first half (H1) of 2024 compared with SAR 51.70 million in H1-23. Meanwhile, the earnings per share (EPS) hit SAR 0.64 as of 30 June 2024, according to …

Riyadh – Mubasher: Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail) turned to net losses valued at SAR 67.60 million in the first half (H1) of 2024, against profits worth SAR 113.80 million in H1-23. The revenues amounted to SAR 2.59 billion in …