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News

11 August 02:11 PM Alujain Corporation shifts to net losses in H1-25

Riyadh - Mubasher: Alujain Corporation swung to net losses of SAR 4.80 million in the first half (H1) of 2025, against net profits of SAR 20.26 million in H1-24. The revenues hit SAR 610.56 million in the first six months (6M) of 2025, an annual …

Financial Results

10 August 06:58 PM Bawan’s net profits surge 66% in H1-25

Riyadh - Mubasher: The net profits of Bawan Company soared by 66.20% year-on-year (YoY) to SAR 86.87 million in the first half (H1) of 2025 from SAR 52.27 million. Revenues jumped by 23.73% to SAR1.87 billion as of 30 June 2025 from SAR 1.51 …

Financial Results

10 August 05:54 PM Cenomi Centers logs higher profits in H1-25 as demand for retail space remains strong

Riyadh - Mubasher: The net profits of Arabian Centres Company (Cenomi Centers) hiked by 29.24% to SAR 697.30 million in the first half (H1) of 2025 from SAR 539.50 million in H1-24. Cenomi Centers generated revenues hit SAR 1.173 billion as of 30 …

Financial Results

7 August 12:11 PM Seera delivers solid financial performance in H1-25; net profits reach SAR 72m

Riyadh – Mubasher: The net profits of Seera Group Holding plunged by 45.03% year-on-year (YoY) to SAR 72 million in the first half (H1) of 2025 from SAR 131 million, according to the financial results. Revenues jumped by 9.78% to SAR 2.31 billion …

Financial Results

7 August 09:48 AM Riyadh Cables registers SAR 5.2bn sales in H1-25; profits surge 63%

Riyadh – Mubasher: Riyadh Cables Group Company achieved a net profit worth SAR 535.61 million in the first half (H1) of 2025, higher by 63.10% than SAR 328.37 million. The group’s revenues amounted to SAR 5.20 billion as of 30 June 2025, an annual …

Financial Results

6 August 04:08 PM Sumou Real Estate witnesses SAR 59.5m net profits in H1-25; dividends announced

Riyadh - Mubasher: Sumou Real Estate Company posted 11.10% higher net profits at SAR 59.44 million in the first half (H1) of 2025, compared to SAR 53.50 million in H1-24. Revenues reached SAR 205.66 million in H1-25, an annual decline of 1.26% …

Cash Dividends

6 August 08:22 AM Luberef’s profits down 13% in H1-25; dividends unveiled

Riyadh - Mubasher: Saudi Aramco Base Oil Company (Luberef) achieved 13.22% lower net profits at SAR 466.70 million in the first half (H1) of 2025, compared to SAR 537.85 million. Revenues amounted to SAR 4.37 billion as of 30 June 2025, down …

Cash Dividends

30 July 02:14 PM SHL Finance’s profits exceed SAR 26m in H1-25

Riyadh – Mubasher: SHL Finance Company generated SAR 26.01 million in net profit during the first half (H1) of 2025, marking a 144.19% year-on-year (YoY) leap from SAR 10.65 million. The assets increased by 4.61% to SAR 4.65 billion in H1-25 from …

Financial Results

29 July 01:19 PM Arabian Drilling fuels global expansion with 1st international offshore deal, UAE branch

Riyadh – Mubasher: Arabian Drilling has signed an agreement with a GCC-based company, marking its first offshore operation outside Saudi Arabia, according to a press release. The Saudi firm aims to expand its operations beyond its domestic market …

Companies Investments

27 July 12:13 PM Saudi Tadawul Group records SAR 217m profits in H1-25

Riyadh – Mubasher: Saudi Tadawul Group Holding Company posted 40.66% year-on-year (YoY) lower net profits at SAR 216.80 million in the first half (H1) of 2025, compared to SAR 365.40 million. The revenues reached SAR 647.10 million at the end of …

Financial Results

7 July 05:36 PM Ladun’s subsidiary pens SAR 90.5m deal for Abha Walk project

Riyadh – Mubasher: Built Industrial Company, a unit of Ladun Investment Company, inked a SAR 90.46 million contract with Arab Markets Company to develop the Abha Walk project. The mixed-use building project is located on King Fahd Road in the city …

Companies Investments

2 July 01:11 PM Arabian Drilling unveils 4-rig contract extensions with Aramco for SAR 1.3bn

Riyadh – Mubasher: Arabian Drilling secured contract extensions for four of its rigs with Saudi Aramco, with a combined backlog value of SAR 1.37 billion and durations ranging between one to 10 years. This milestone boosts the company's current …

Companies Investments

1 July 05:15 PM Jamjoom Pharma appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has named Mahmoud Yousuf Jamjoom as the board’s Chairman for the next three years. The board also announced Ahmed Yousuf Jamjoom as the Vice Chairman, according to a …

Management Decisions

30 June 04:36 PM Zain KSA, Horizon Food name new CEOs

Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) appointed Saad bin Abdulrahman Al Sadhan as its CEO as of 1 July 2025, according to a bourse filing. The appointment follows a board resolution issued on 29 June, which …

Board of Directors

24 June 09:40 AM Asas Makeen, Kuwait’s Securities House to boost Saudi Arabia’s real estate sector

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company signed a memorandum of understanding (MoU) with The Securities House, a Kuwaiti public joint stock company listed on Boursa Kuwait. The MoU, signed on 22 June 2025, …

Companies Investments

22 June 04:33 PM Al Hammadi Holding, Cenomi Centers unveil new board leadership

Riyadh - Mubasher: Al Hammadi Holding and Arabian Centres Company (Cenomi Centers) have appointed new board leadership, according to two separate disclosures. Al Hammadi Holding named Abdulaziz bin Mohammed Al Hammadi as the Chairman and Mohammed …

Corporate Actions

22 June 12:49 PM First Milling inks SAR 69.5m financing deal with SIDF

Riyadh - Mubasher: First Mills Company has signed a SAR 69.40 million financing facility agreement with the Saudi Industrial Development Fund (SIDF), according to a bourse filing. The funding aims to support the company's capital expenditure for …

Companies Investments

19 June 01:03 PM Seera’s board proposes capital cut to SAR 2.7bn

Riyadh - Mubasher: The board of directors of Seera Group Holding has recommended an 8.65% capital cut to SAR 2.74 billion from SAR 3 billion, according to a bourse disclosure. The capital reduction will be executed through the cancellation of …

Corporate Actions

18 June 05:43 PM Quara Finance obtains SAR 100m Sharia-compliant facility from SHL Finance

Riyah - Mubasher: Quara Finance Company has signed Sharia-compliant credit facilities with SHL Finance Company, valued at SAR 100 million, according to a bourse filing. The three-year facility, secured on 17 June 2025, is aimed at supporting the …

Banking and Finance

16 June 01:43 PM ProMedEx inks joint deal with Zhende Medical to expand in GCC

Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) signed a non-binding memorandum of understanding (MoU) with Zhende Medical Company Limited and MedSurg FZ-LLC to establish a joint factory in Saudi Arabia. The joint venture (JV) …

Global Economy

15 June 03:37 PM East Pipes Integrated’s CEO Al Shaheen resigns

Riyadh – Mubasher: Mohammed bin Abdulaziz Al Shaheen resigned from his position as the CEO of East Pipes Integrated Company for Industry due to personal reasons. The board members accepted Al Shaheen’s resignation on 12 June, yet it will become …

Corporate Actions

11 June 02:21 PM Knowledge Net’s board recommends 50% capital raise

Riyadh – Mubasher: Knowledge Net Company announced the board’s recommendation for a 50% capital hike to SAR 52.50 million from SAR 35 million. The Saudi firm will grant one bonus share for each two owned shares, according to a bourse disclosure. …

Corporate Actions

11 June 01:12 PM Cenomi Centers unveils EGP 100m sale deal

Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) sold a land plot in Al Kharj located on Riyadh-Al Kharj Road, with a total area of 425,390 square meters, for SAR 100 million. The sale deal aligns with the company’s program to sell an …

Companies Investments

4 June 04:42 PM Sumou Real Estate pens SAR 562.5m deal for Sedco Capital’s project

Riyadh – Mubasher: Sumou Real Estate Company inked a SAR 562.47 million contract with Sedco Capital Sumou Al Muqarr Fund, represented by Jawharat Al Ghura Real Estate Development Company The company will implement the infrastructure and …

Companies Investments

4 June 02:51 PM Tassnief assigns ‘A-‘ national scale entity ratings to Cenomi Centers

Riyadh - Mubasher: SIMAH Rating Agency (Tassnief) has assigned a long-term national scale entity rating of (A-) and a short-term entity rating of ‘T-3’ to Arabian Centres Company (Cenomi Centers). The assigned ratings reflect low credit risk, …

Companies Investments