Riyadh – Mubasher: Umm Al Qura for Development and Construction Company sold a plot of land within Masar Destination to Heyazah Osool Al Hejaz Development Company in exchange for SAR 210.76 million. Heyazah, the SPV of a real estate fund managed …
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 …
Riyadh – Mubasher: The Saudi Export-Import Bank (Saudi EXIM Bank) recorded an annual growth of 20.80% in its credit facilities during the first quarter (Q1) of 2026, reaching SAR 13.23 billion, compared to SAR 10.95 billion. This increase reflects …
Riyadh – Mubasher: SABIC Agri-Nutrients Company has announced the extension of its memorandum of understanding (MoU) with the Saudi Agricultural and Livestock Investment Company (SALIC), a global agri-food investment company and a subsidiary of …
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 …
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 …
Riyadh – Mubasher: East Pipes Integrated Company for Industry announced that its board of directors has approved a significant cash dividend distribution totaling SAR 126 million for the second half (H2) of the fiscal year (FY) 2025/2026, …
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 …
Riyadh – Mubasher: East Pipes Integrated Company for Industry has reported a 50.02% surge in net profit for the fiscal year (FY) that ended on 31 March 2026. The net income reached a historic high of SAR 573.26 million in FY25/26 from SAR 382.12 …
Riyadh - Mubasher: Almujtama Alraida Medical Company reached an agreement with Alinma Bank to amend the uses of its credit facilities, according to a bourse disclosure. The company will utilize SAR 45 million to purchase goods, cancelling the part …
Riyadh - Mubasher: Al Ashghal Al Moysra Company signed an agreement with the Association of Masjid Building at an amount of SAR 813,510 on 14 May 2026. The one-year deal covers the construction of a mosque for the Specialized Rehabilitation …
Riyadh - Mubasher: The ordinary general meeting (OGM) of Specialized Medical Company (SMC Healthcare) approved the board’s recommendation to distribute a cash dividend totaling SAR 80 million for 2025. The group will pay a dividend of SAR 0.32 per …
Riyadh – Mubasher: Multi Business Group Company has officially announced the awarding of a substantial contract by the Saudi Export-Import Bank (Saudi EXIM) on 17 May 2026, according to a bourse filing. The project covers the comprehensive …
Riyadh – Mubasher: Al Qemam for Computer Systems Company inked a SAR 2.36 million contract with Al Kam Telecommunications and Information Technology Company on 17 May 2026. The deal covers the provision of infrastructure support services to a …
Riyadh – Mubasher: Basic Chemical Industries Company (BCI), a major player in the Saudi industrial sector, has issued a detailed addendum regarding the sale of a company-owned land parcel in Jeddah, according to a bourse filing. The new …
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 …
Riyadh – Mubasher: Sport Clubs Company announced, on 18 May 2026, the official opening of a new fitness facility in Dammam. The new center in An Nada District marks a strategic expansion of the company’s presence in the Eastern Province, operating …
Riyadh – Mubasher: The net profits attributable to the shareholders of Ataa Educational Company hit SAR 88.61 million in the nine-month period that ended on 30 April 2026. The recorded profits climbed by 11.12% year-on-year (YoY) from SAR 79.74 …
Riyadh - Mubasher: ADES Holding Company has secured a new contract for its Main Pass IV standard jack-up rig in Nigeria, estimated at SAR 180.70 million ($48.20 million). The contract has a one-year firm term, with an additional one-year unpriced …
Riyadh – Mubasher: Advance Construction Solutions Company for Projects (ZODCON), a subsidiary of Advanced Building Industries Company (SENAAT), signed a contract with TKE ALAT Manufacturing on 12 May 2026. The deal, valued at SAR 252 million, aims …
Riyadh – Mubasher: Thimar Development Holding Company has unveiled a significant legal development regarding its liability lawsuit filed against several former members of its board of directors. The Appeal Committee for the Resolution of …
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) logged net profits attributable to the owners valued at SAR 7.43 million in the first quarter (Q1) of 2026, an annual hike of 41.52% from SAR 5.25 million. The sales inched up by 0.06% to …
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 …
Riyadh - Mubasher: ARTEX Industrial Investment Company generated SAR 14.27 million in net profit during the first quarter (Q1) of 2026, up 21.55% from SAR 11.74 million in Q1-25. The revenues declined by 12.14% to SAR 151.40 million as of 31 …
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 …
