Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has received formal approval from the Insurance Authority to renew its qualification on 15 July 2026. The renewed qualification is valid for a duration of one year. According to the …
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has received formal approval from the Insurance Authority to utilize its entire statutory reserve balance of SAR 8.90 million to offset a portion of its accumulated losses. The move follows …
Riyadh - Mubasher: Almoosa Health Company has entered into a Sharia-compliant credit facility agreement totaling SAR 500 million with Banque Saudi Fransi. The financing, which was secured on 14 July 2026, carries a maturity period of seven years …
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has renewed its Sharia-compliant credit facility agreement with Al Rajhi Capital, according to a bourse disclosure. The financing package is valued at SAR 60 million and is intended to …
Riyadh – Mubasher: The seasonally adjusted alrajhi capital Saudi Construction Index rose to 56.3 in June from 51.2 in May, remaining above the 50-point threshold that separates expansion from contraction for a second consecutive month. The sharp …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) received a non-objection from the Insurance Authority on 13 July 2026 to proceed with the acquisition of a strategic 22.50% stake in AdA Risk Holding Company Limited. The transaction, valued …
Riyadh – Mubasher: SHL Finance Company has renewed its Sharia-compliant credit facility agreement valued at SAR 1.82 billion with Arab National Bank (ANB), according to a bourse disclosure. The financing carries a maturity period of five years and …
Riyadh – Mubasher: The Saudi capital market observed a transition in the debt issuance landscape as Riyad Bank reached the conclusion of its current Sukuk program offering. Listed on the Sukuk and Bonds Market, the program reached its closing date …
Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has successfully eliminated its accumulated losses, reducing them to 0% of its capital. The financial restructuring follows an extraordinary …
Riyadh - Mubasher: Bank Albilad witnessed a special deal executed during the 9 July 2026 session on the Saudi market (Tadawul) through 1.19 million shares at SAR 23.94 per share, for a total value of SAR 28.49 million. Negotiated deals are …
Riyadh – Mubasher: Al Rajhi Bank announced the opening of the nomination period for the election of 11 members to its board of directors for a new three-year term, according to a bourse disclosure. The upcoming board cycle is scheduled to commence …
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company issued a corrective statement regarding its board of directors' recommendation to restructure the company’s capital. The insurer clarified that the proposed capital reduction will …
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has appointed Hashem Osama Al Nabulsi as an independent member of its board of directors, according to a bourse filing. The decision, initially made by the board on 23 June 2026, fills a …
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) has received a credit rating report from Fitch Ratings, which affirmed the company’s insurer financial strength rating at 'A'. The agency simultaneously revised its outlook for …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
