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09 July 06:53 PM

Banking & Insurance

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17 June 08:15 AM Al Rajhi Takaful sets e-voting timeline for capital hike
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has officially announced the timeline for electronic voting regarding its upcoming extraordinary general meeting (EGM). The meeting, which is the first session …
Banking and Finance
Photo Archive
16 June 04:38 PM Arabia Insurance names Chairman, Vice Chairman
Riyadh - Mubasher: Arabia Insurance Cooperative Company has appointed Wahbe Abdullah Tamari as Chairman of the Board. Abdullah Saeed bin Saeed was named as the Vice Chairman, according to a bourse disclosure. The Insurance Authority greenlighted …
Banking and Finance
Photo Archive
16 June 03:27 PM Keir International pens SAR 12m facility deal with Al Rajhi Bank
Riyadh – Mubasher: Keir International Company has renewed an amended Shariah-compliant banking facilities agreement valued at SAR 11.92 million with Al Rajhi Bank. The one-year financing aims to facilitate the renewal of performance bonds, …
Banking and Finance
Photo Archive
16 June 02:48 PM Bank Aljazira mandates regional, global lenders for USD AT1 capital certificates issue
Riyadh – Mubasher: Bank Aljazira intends to issue US dollar-denominated additional tier 1 (AT1) capital certificate issuance under its program established on 4 September 2025, according to a bourse disclosure. The lender has mandated regional and …
Banking and Finance
Photo Archive
16 June 09:24 AM Alinma Bank to redeem SAR 5bn AT1 capital sukuk
Riyadh – Mubasher: Alinma Bank intends to exercise the early redemption option for its SAR 5 billion Additional Tier 1 (AT1) Capital Sukuk, according to a bourse disclosure. The bank confirmed that the redemption will cover the entire issuance at …
Company News
Photo Archive
16 June 08:21 AM BinDawood Holding secures SAR 218m Murabaha financing from ANB, Emirates NBD
Riyadh - Mubasher: BinDawood Holding Company penned a Sharia-compliant Murabaha financing from Arab National Bank (ANB) and Emirates NBD Bank to fund the acquisition of 51% of the shares of Vaza Food Company. The company obtained SAR 217.80 …
Mergers and Acquisitions
Photo Archive
15 June 10:38 PM CMA approves SAR 10bn Riyad Bank debt instruments program
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has officially announced the approval of Riyad Bank’s application for the registration and public offering of a debt instruments program, according to a bourse filing. The …
Banking and Finance
Photo Archive
15 June 06:07 PM Malath Insurance rolls out deal with National Housing Services
Riyadh - Mubasher: Malath Cooperative Insurance Company (Malath Insurance) signed an agreement with National Housing Services to organize and support the issuance process of the contractor's works insurance product for latent defects policies …
Company News
Photo Archive
15 June 05:31 PM SAIC obtains SAR 100m facility from Alinma Bank
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) renewed its Sharia-compliant credit facilities valued at SAR 100 million with Alinma Bank, according to a bourse disclosure. SAIC obtained the funding on 15 June 2026 to support its …
Banking and Finance
Photo Archive
15 June 04:20 PM Arabian Mills’ board approves SAR 50m Murabaha prepayment to SAB
Riyadh – Mubasher: The board of Arabian Mills for Food Products Company approved a voluntary prepayment of SAR 50 million toward the existing Murabaha agreement with the Saudi Awwal Bank (SAB). This payment will contribute to reducing financing …
Board of Directors
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15 June 08:36 AM MedGulf pens insurance deal with Binladin International Holding Group
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) signed an agreement, on 14 June, to provide health insurance services for Binladin International Holding Group‏ employees and their dependents. The …
Company News
D360
14 June 08:00 PM Derayah Financial greenlights D360’s 39% capital hike
Riyadh - Mubasher: The extraordinary general meeting (EGM) of D360 Bank, in which Derayah Financial Company holds a 20.4% ownership stake as of 31 March 2026, approved the board’s capital hike proposal. The bank’s capital will increase by 38.89% …
Company News
Photo Archive
14 June 03:38 PM Sinad Holding obtains SAR 300m from Alinma Bank
Riyadh – Mubasher: Sinad Holding Company has announced the formal signing of a long-term Sharia-compliant banking facilities agreement with Alinma Bank, according to a bourse filing. The credit facility is valued at SAR 300 million and is …
Banking and Finance
Photo Archive
14 June 10:25 AM SPIMACO raises facility deal with SNB to SAR 350m
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) penned an agreement to renew and increase Sharia-compliant credit facilities with the Saudi National Bank (SNB) on 11 June 2026. The short-term …
Companies Investments
Photo Archive
14 June 09:11 AM Expat remittances in Saudi Arabia up to SAR 14.6bn in April
Riyadh - Mubasher: Remittances of expatriates in Saudi Arabia increased by 16% year-on-year (YoY) to SAR 14.65 billion in April 2026, according to data from the Saudi Central Bank (SAMA). On a monthly basis, the foreign remittances in April fell …
Central Banks
Sustained Infrastructure Holding Company (SISCO Holding)
11 June 08:08 PM SISCO Holding approves 2025 dividends, elects new board
Riyadh – Mubasher: Sustained Infrastructure Holding Company approved a total cash dividend distribution of SAR 65.28 million for the 2025 fiscal year and elected a new Board of Directors to serve a four-year term beginning in July 2026. The …
General Assembly
Alinma Bank
11 June 07:52 PM Alinma Bank repurchases 5-million shares to motivate employees
Riyadh – Mubasher: Alinma Bank has announced the successful completion of its share buyback process, acquiring 5 million of its own ordinary shares. The transaction will be allocated toward the bank’s Employee Stock Incentive Program (ESIP), …
Banking and Finance
Photo Archive
11 June 07:32 PM Hedab Alkhaleej extends SAR 50m facility deal with Al Rajhi Bank
Riyadh - Mubasher: Hedab Alkhaleej Trading Company penned an agreement to renew Sharia-compliant banking facilities with Al Rajhi Bank at a total amount of SAR 50 million. The financing deal, signed on 11 June 2026, is valid until 30 November this …
Banking and Finance
Photo Archive
11 June 07:22 PM ACIG general assembly discusses financial performance
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has announced the results of its Ordinary General Assembly Meeting, which concluded with the ratification of the company’s financial reports for 2025 and the appointment of external …
Corporate Actions
Umm Al Qura for Development and Construction Company
11 June 07:08 PM Umm Al Qura for Development elects new board amid financials ratification
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company, trading as MASAR on the Saudi Exchange, has convened its 15th Extraordinary General Assembly during which shareholders approved the fiscal reports for 2025. The shareholders …
Companies Investments
National Shipping Company of Saudi Arabia (Bahri)
11 June 05:25 PM Bahri shareholders approve nearly SAR 923m dividends, major transactions
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia, known as Bahri, held its Ordinary General Assembly meeting on 10 June 2026, where shareholders approved a substantial cash dividend for 2025 and ratified several high-value …
Management Decisions
Photo Archive
11 June 06:17 AM Boushnak leaves Al Etihad Cooperative Insurance’s board
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company announced the resignation of Ahmed Yousef Boushnak from its Board of Directors, effective 12 June 2026, according to a disclosure Boushnak also stepped down as Chairman of the Nominations …
Management Decisions
Photo Archive
10 June 08:58 PM MedGulf to consider financial restructuring, related-party contracts with listed entities
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) will hold an Extraordinary General Assembly Meeting on 29 June 2026, which will focus on a strategic proposal to offset accumulated losses using the …
Company News
Photo Archive
9 June 08:06 PM Tawuniya to raise capital upon regulatory approval
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved a request from The Company for Cooperative Insurance (Tawuniya) to increase its share capital by 50% through the issuance of bonus shares, according to an official statement. This …
Companies Investments
Photo Gallery
9 June 04:24 PM Saudi banking app industry projected to exceed SAR 121.7bn by 2030
Riyadh – Mubasher: The Saudi banking app industry is expected to grow at an average rate of 4.88% annually, reaching SAR 121.71 billion by 2030, according to a press release. This shows the increasing adoption of digital banking services across …
Macroeconomics