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Banking & Insurance

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7 July 08:35 AM Saudi Enaya’s board proposes capital restructuring
Riyadh – Mubasher: The board of Saudi Enaya Cooperative Insurance Company recommended on 6 July 2026 a significant capital restructuring involving a capital cut followed by a rights issue. The board proposed reduction will lower the company’s …
Saudi Riyal
6 July 11:27 PM Axelerated Solutions renews funding agreement with SAB
Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company announced it has renewed a Sharia-compliant banking facilities agreement with Saudi Awwal Bank (SAB) at a total value of SAR 70 million. The financing …
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6 July 11:12 PM Knowledge Net enters into agreement with UAE-listed Emirates NBD
Riyadh – Mubasher: Knowledge Net announced the signing of a contract with Emirates NBD to provide licenses for its proprietary TradeNet product, according to a bourse filing. Under the terms of the agreement, Knowledge Net will also manage the …
Photo Archive
6 July 10:00 PM Alqemam shareholders approve related-party loan deal, external auditor appointment
Riyadh – Mubasher: Alqemam for Computer Systems Company announced the results of its Ordinary General Assembly meeting during which the shareholders approved a related party transaction involving Chairman Wasel Abdullah Al Wasel. The transaction …
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6 July 04:11 PM Al Etihad Cooperative Insurance stock falls
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company is experiencing downward price pressure during the session on 6 July 2026. The stock is currently trading at SAR 7.00, representing a decline of -4.76% or a loss of SAR 0.35 from its …
Photo Archive
6 July 12:00 PM Knowledge Economic City obtains SAR 152m financing from SAIB
Riyadh – Mubasher: Knowledge Economic City has secured Sharia-compliant financing totaling SAR 152 million from the Saudi Investment Bank (SAIB). The agreement, finalized on 5 July 2026, is structured with a 15-year maturity period to support the …
Saudi Riyal
5 July 11:45 PM Tam Development to disburse over SAR 2m dividends; unveils share buyback program, contracts
Riyadh – Mubasher: Tam Development Company announced that its shareholders approved a cash dividend distribution for the 2025 fiscal year and authorized a strategic share buyback program, according to a bourse filing. The extraordinary general …
Saudi Riyal
5 July 09:54 PM Pan Gulf Marketing obtains SAR 70m funding from SAB
Riyadh – Mubasher: Pan Gulf Marketing Company has secured Sharia-compliant banking facilities totaling SAR 70 million from Saudi Awwal Bank (SAB). The financing agreement was finalized on 29 June 2026, according to a bourse filing. The facilities …
Saudi Riyal
5 July 09:10 PM Keir International renews SAR 155m credit facilities with SAB
Riyadh – Mubasher: Keir International Company recently announced the renewal of its Sharia-compliant financing agreement with Saudi Awwal Bank (SAB) at a value of SAR 155 million, according to a bourse filing. The funding is designed to support …
Photo Archive
5 July 05:19 PM Mutakamela Insurance appoints external auditors for 2026
Riyadh - Mubasher: Mutakamela Insurance Company has released an addendum announcement regarding the outcomes of its Ordinary General Meeting (OGM) held on 30 June 2026. The assembly, conducted via modern technology, saw shareholders approve …
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5 July 11:18 AM Alandalus Property inks SAR 48m financing agreement with SAB
Riyadh – Mubasher: Alandalus Property Company has officially entered into a long-term Tawaruq financing agreement with Saudi Awwal Bank (SAB), according to a bourse filing. The facility, valued at SAR 48 million, is earmarked for the acquisition …
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2 July 01:27 PM Liva Insurance discloses resignation of 2 board members
Riyadh – Mubasher: Liva Insurance Company officially announced the resignation of two prominent members of its board of directors. The company confirmed that its board accepted the resignations of Martin Rueegg and Sanjay Kawatra on 1 July 2026. …
Photo Archive
2 July 11:53 AM Alinma Retail REIT declares cash dividends for H1-26
Riyadh - Mubasher: Alinma Capital has announced a cash dividend distribution to the unit holders of Alinma Retail REIT worth SAR 21.64 million for the first half (H1) of 2026. The payout covers the operating period from 1 January 2026 to 30 June …
Cenomi Retail
2 July 08:42 AM Cenomi Retail unveils SAR 1.3bn shareholder loan agreement, elects new board
Riyadh – Mubasher: AFG International Company (Cenomi Retail) announced that its extraordinary general meeting (EGM), held on 30 June 2026, approved a major shareholder loan agreement with Al Futtaim Private Co. LLC valued at SAR 1.35 billion. The …
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2 July 08:37 AM Alinma Hospitality REIT to distribute SAR 32.6m dividends for H1-26
Riyadh – Mubasher: Alinma Capital announced today the distribution of SAR 32.64 million in cash dividends to the unit holders of Alinma Hospitality REIT for the first half (H1) of 2026. The distribution covers the period from January 2026 to June …
Photo Archive
1 July 11:10 PM Altharwah Albashariyyah shareholders nod for dividend mandate, auditor appointment
Riyadh – Mubasher: Altharwah Albashariyyah Company announced that its shareholders approved a mandate authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending on 31 December …
Photo Archive
1 July 04:34 PM Bupa Arabia’s shareholders approve SAR 600m cash dividends, related-party transactions
Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company has announced the results of its Extraordinary General Meeting (EGM), held on 30 June 2026, where shareholders approved a significant cash dividend distribution of SAR 600 million …
Photo Archive
1 July 03:24 PM MedGulf shareholders pass accumulated loss offset at EGM
Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has announced the results of its Extraordinary General Meeting (EGM), held on 29 June 2026. During the session, shareholders approved a strategic …
Photo Archive
1 July 09:57 AM Amlak International inks SAR 133.6m financing agreement with SNB
Riyadh - Mubasher: Amlak International Finance Company announced the formal execution of a strategic agreement with the Saudi National Bank (SNB) for the sale of a consumer finance contract portfolio. The initial transaction, valued at SAR 133.66 …
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30 June 05:17 PM ACIG’s accumulated losses hit 52% of capital
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has issued a strategic update regarding its financial position following a disclosure that its accumulated losses have reached 51.97% of its total capital. In a statement released to the …
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30 June 05:08 PM Saudi Enaya granted 6-month extension for minimum capital requirement
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has officially announced that it received regulatory approval from the Insurance Authority to extend the deadline for its commitment to minimum capital requirements. The extension grants …
Photo Archive
30 June 01:31 PM LIVA Insurance approves related-party contracts, auditor appointment
Riyadh – Mubasher: Liva Insurance Company has announced the results of its Ordinary General Meeting (OGM), held on 29 June 2026, where shareholders approved a wide range of agenda items, including financial reports, auditor appointments, and …
Photo Archive
30 June 12:07 PM 2P Perfect Presentation inks SAR 265m facility deal with Al Rajhi Bank
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has announced the successful renewal of its Islamic Sharia-compliant credit facility with Al Rajhi Bank. The agreement, valued at SAR 265 million, is …
Photo Archive
30 June 10:06 AM Malath Insurance turns down several board proposals at OGM
Riyadh - Mubasher: Malath Cooperative Insurance Company (Malath Insurance) announced the results of its Ordinary General Meeting (OGM), held on 28 June 2026. While shareholders approved the company’s financial statements and the appointment of …
Photo Archive
30 June 09:25 AM Saudi Enaya nods for 2025 financial report, appoints external auditors
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company announced the results of its Ordinary General Meeting (OGM), held on 28 June. During the session, which was conducted via modern technology through the Tadawulaty system, shareholders …