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News

5 hours ago Tam Development delivers 80% profit decline in H1-26

Riyadh — Mubasher: Tam Development Company reported a 79.89% year-on-year (YoY) decline in net profit for the first half (H1) of 2026, falling to SAR 2.34 million from SAR 11.61 million in H1-25. The company attributed the result to a broader …

Company News

3 September 07:28 PM Tam Development’s board ratifies market transition, appoints advisor

Riyadh — Mubasher: The board of Tam Development Company approved the transition from the Nomu-Parallel Market to the Saudi Main Market during a meeting held on 30 August 2026. The decision aligns with the updated listing rules issued under the …

Board of Directors

3 September 05:36 PM Leen Alkhair says accumulated losses hit 31% of capital

Riyadh — Mubasher: Leen Alkhair Trading Company announced that its accumulated losses have reached SAR 25.61 million as of 30 June 2026. The accumulated losses represented 31% of its SAR 81.59 million capital. The financial position, recorded in …

Company News

3 September 05:17 PM Meyar’s net losses deepen in H1-26 on sharp decline in construction sector demand

Riyadh — Mubasher: Meyar Company logged a net loss of SAR 4.12 million in the first half (H1) of 2026, compared to a loss of around SAR 320,000 in H1-25. The company attributed the 1,186.56% increase in losses to a sharp decline in construction …

Company News

3 September 05:04 PM Leen Alkhair shifts to roughly SAR 18m net losses in H1-26

Riyadh — Mubasher: Leen Alkhair Trading Company reported a net loss of SAR 17.98 million for the first six months (6M) of 2026, reversing a net profit of SAR 2.28 million recorded in the year-ago period. The company attributed the downturn to a …

Financial Results

3 September 03:44 PM Amwaj International to hold OGM for 2025 financial performance

Riyadh — Mubasher: Amwaj International Company has invited its shareholders to an Ordinary General Assembly meeting (OGM) scheduled for 20 September 2026 at 18:30. The meeting will be held both physically at the company’s headquarters and via …

Company News

3 September 02:48 PM Al Babtain Food witnesses lower profits in H1-26 despite 4% revenue growth

Riyadh — Mubasher: Abdulaziz and Mansour Ibrahim Albabtin Company (Al Babtain Food) a net profit of SAR 2.60 million in the first half (H1) of 2026, representing a 29.73% decrease from the SAR 3.70 million recorded in H1-25. Earnings per share …

Company News

3 September 06:13 AM IBM, Marafiq pen deal to improve enterprise services in Saudi Arabia

Riyadh – Mubasher: IBM joined forces with Power and Water Utility Company for Jubail and Yanbu (Marafiq) to modernize enterprise service delivery and enhance employee experience through a unified ServiceNow platform. Under the agreement, announced …

Event

2 September 02:01 PM Maharah unveils financial statements for Saudi Health Systems

Riyadh – Mubasher: Masar Al Numu Investment Company, a unit of Maharah Human Resources Company, received the financial statements for its associate, Saudi Health Systems, on 1 September. Masar Al Numu Investment Company holds a 40% stake in the …

Company News

2 September 10:31 AM Tadawul suspends trading of 4 Nomu companies over financial disclosure delay

Riyadh – Mubasher: The Saudi Exchange (Tadawul) halted trading of four companies listed on the Parallel Market (Nomu) for one session on 2 September, as they failed to publish financial results for the period ended on 30 June 2026. The companies …

Trading Activities

2 September 09:11 AM Cenomi Centers to vote on SAR 426.5m capital hike

Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) has invited its shareholders to an Extraordinary General Meeting (EGM) scheduled for 27 September 2026 to vote on a board recommendation to increase the company's capital by 8.98%. The …

Companies Investments

1 September 11:45 PM Fadeco swings to net losses in H1-26 on higher expenses

Riyadh – Mubasher: Arabian Food and Dairy Factories Company (Fadeco) reported a net loss of SAR 415,091 for the six-month period ended on 30 June 2026, reversing a net profit of SAR 137,143 during the first half (H1) of 2025. The company …

Company News

1 September 10:37 PM Molan Steel withdraws rights issue application

Riyadh — Mubasher: Molan Steel Company announced that its board of directors has decided to withdraw the application to increase its capital through a rights issue. The company had previously submitted a file to the Capital Market Authority (CMA) …

Management Decisions

1 September 10:31 PM Keir International announces net loss reduction in H1-26

Riyadh — Mubasher: Keir International Company announced its interim financial results for the six-month period ended on 30 June 2026, reporting a significant narrowing of its net loss to SAR 11.84 million from SAR 35.69 million in H1-25. The …

Financial Results

1 September 08:24 PM Knowledge Tower enters into supply contract with Maarif Education

Riyadh — Mubasher: Knowledge Tower Trading Company has received purchase orders from Maarif Education Company to supply educational books and curricula for the 2026/2027 academic year. The total value of the supply contract amounts to SAR 20.41 …

Company News

1 September 05:11 PM AMAK updates mineral resource estimate for Jabal Qarn project

Riyadh – Mubasher: Almasane Alkobra Mining Company (AMAK) announced the results of its first independent Mineral Resource Estimate (MRE) for the Jabal Qarn project in the Najran region. Prepared by Cube Consulting Pty Ltd, the report confirms a …

Company News

1 September 11:21 AM Luberef pens 10-year agreement Saudi Aramco

Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) inked a new long-term agreement with Saudi Oil Company (Aramco) for the supply of feedstock and the sale of by-products at its Jeddah facility. The contract, which replaces a previous …

Company News

31 August 11:29 PM Edarat shareholders to vote on share buyback at EGM

Riyadh — Mubasher: Edarat Communication and Information Technology Company has invited its shareholders to an extraordinary general meeting (EGM) scheduled for 17 September 2026 to vote on a proposal to buy back up to 15,000 shares. The buyback …

Company News

31 August 11:10 PM Sure Global Tech announces resignation of Audit Committee member

Riyadh — Mubasher: Sure Global Tech Company announced the resignation of Faisal Mohammed Al Obaid from his position as an external member of the company’s audit committee. The resignation was submitted and became effective on 27 August 2026, …

Company News

31 August 10:28 PM ProMedEx announces 10% profit growth in H1-26

Riyadh — Mubasher: Professional Medical Expertise Company (ProMedEx) reported a net profit of SAR 24.32 million in the first half (H1) of 2026, marking a 10% increase from the SAR 22.11 million recorded in H1-25. Earnings per share for the period …

Financial Results

31 August 11:37 AM Arabian Drilling pens SAR 3bn agreement with SLB

Riyadh — Mubasher: Arabian Drilling signed a five-year contract valued at approximately SAR 3 billion with SLB Middle East. Under the terms of the agreement, the company will provide 11 land rigs to support integrated gas drilling operations. The …

Global Economy

31 August 09:44 AM First Mills to disburse SAR 99.5m dividends for H1-26

Riyadh — Mubasher: The shareholders of First Milling Company (First Mills) approved a cash dividend distribution of SAR 99.35 million for the first half (H1) of 2026 during an ordinary general meeting (OGM) on 30 August 2026. The distribution …

Cash Dividends

31 August 09:42 AM AMAK identifies 14 million tons of mineralized material at Jabal Qaran

Riyadh – Mubasher: Almasane Alkobra Mining Company (AMAK) unveiled the results of an independent Mineral Resource Estimate (MRE) for its Jabal Qarn project in the Najran region. The report, prepared by Cube Consulting Pty Limited in accordance …

Company News

30 August 09:30 PM Al Rashid Industrial announces SAR 22m net profits for H1-26

Riyadh — Mubasher: Al Rashid Industrial Company reported a net profit of SAR 21.78 million in the first half (H1) of 2026, marking a 1.44% increase from the SAR 21.47 million recorded during the same period in 2025, according to a bourse filing. …

Company News

30 August 05:44 PM Meyar subsidiary obtains SASO certification

Riyadh — Mubasher: Meyar Company recently announced that its wholly-owned subsidiary, Meyar Alassasat Ready Mix Concrete Company, officially obtained the Quality Certificate (C) from the Saudi Standards, Metrology and Quality Organization (SASO). …

Company News