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News

5 October 2025 08:32 AM Salama Cooperative, Bawan announce new leadership appointments

Riyadh - Mubasher: Salama Cooperative Insurance Company appointed Montaser Mohammed Foudah as the board’s Chairman for four years. Fahad Talal Kurdi was named as the Vice Chairman until 10 September 2029, according to a bourse filing. Meanwhile, …

Corporate Actions

5 October 2025 08:18 AM Jamjoom Pharma launches new brand identity to accelerate regional growth

Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) rolled out its new corporate brand identity, marking the next phase of its strategic evolution towards being a leading global player in the pharmaceutical industry. The …

Global Economy

28 September 2025 08:18 PM Ooredoo promotes cybersecurity services in MENA to boost global footprint

Mubasher: National Mobile Telecommunications Company (Ooredoo), in partnership with Innovatix Systems, has launched advanced cybersecurity services to protect customers’ digital assets and ensure uninterrupted digital experiences. Live in Qatar, …

Companies Investments

28 September 2025 06:49 PM Saudi Networker Services eyes moving shares to TASI

Riyadh - Mubasher: The board of Saudi Networkers Services Company (NSN) has approved transferring its shares from the Parallel Market (Nomu) of the Saudi Exchange to the Main Market (TASI) on 25 September 2025. The move is subject to the Capital …

Board of Directors

25 September 2025 08:22 PM Tam Development inks SAR 38m contract with Saudi gov’t

Riyadh - Mubasher: Tam Development Company signed a SAR 37.99 million contract with a government entity, on 22 September, to provide digital and operational solutions. The 24-month deal is expected to impact the company’s financial results …

Companies Investments

24 September 2025 08:40 AM Academy of Learning’s board proposes 50% capital hike, dividends for FY24/25

Riyadh - Mubasher: The board of Academy of Learning Company has recommended a 50% capital increase to SAR 135 million from SAR 90 million through the issuance of bonus shares. The proposed increase will be implemented by capitalizing SAR 45 …

Corporate Actions

23 September 2025 02:54 PM Sumou Real Estate inks development agreement for Anara project

Riyadh - Mubasher: Sumou Real Estate Company has inked a development management agreement with Maali AlJazira Real Estate Company, representing AlJazira Sumou Real Estate Fund. The two entities penned the deal for the Anara project in Riyadh, …

Companies Investments

23 September 2025 10:25 AM Alujain Corporation to pay SAR 52m dividends for Q3-25

Riyadh - Mubasher: The board members of Alujain Corporation approved the distribution of SAR 51.90 million as interim cash dividends, equivalent to 7.50% of the company’s SAR 692 million capital, for the third quarter (Q3) of 2025. The …

Cash Dividends

18 September 2025 09:56 AM First Mills to acquire majority stake in Kenan Arabian for SAR 48m

Riyadh - Mubasher: First Milling Company (First Mills) signed a binding agreement to acquire 60% of Kenan Arabian Trading Company for SAR 48 million on 15 September. Subject to regulatory approvals and customary conditions, the transaction covers …

Mergers and Acquisitions

18 September 2025 09:40 AM Ladun inks SAR 446m development agreement with NHC

Riyadh - Mubasher: Ladun Investment Company has signed a SAR 446 million sub-development contract with the National Housing Company (NHC) on 16 September 2025. The contract aims to develop more than 400 residential villas in the Al-Mashraqia …

Companies Investments

16 September 2025 02:33 PM SHL Finance extends SAR 2.1bn facility agreements with ANB, Bank Albilad

Riyadh - Mubasher: SHL Finance Company renewed Sharia-compliant credit facility deals at a combined value of SAR 2.19 billion with Arab National Bank (ANB)and Bank Albilad on 15 September 2025. The company secured SAR 1.89 billion from ANB for …

Companies Investments

16 September 2025 08:46 AM Jamjoom Pharma partners with Bio-Thera to secure Cosentyx biosimilar in MENA

Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has signed a strategic commercialization agreement with Bio-Thera Solutions Limited, a global biopharmaceutical firm specializing in innovative therapies and biosimilars. …

Companies Investments

11 September 2025 08:58 PM GFH Partners’ Manrre REIT launches high-bay logistics facility in UAE

Dubai - Mubasher: Manrre REIT, managed by GFH Partners Limited, joined forces with Palmon Group FZCO to construct a logistics facility in North Jafza. The 144,000 square feet project will be one of the UAE’s first high-bay and …

Companies Investments

11 September 2025 08:08 PM SHL Finance obtains SAR 300m loan from Al Rajhi Bank

Riyadh - Mubasher: SHL Finance Company has signed a Sharia-compliant credit facility agreement with Al Rajhi Bank worth SAR 300 million, according to a bourse filing. In line with its strategy and future plans, the company will use the funding to …

Banking and Finance

10 September 2025 02:31 PM Riyadh Cables’ board approves SAR 299.5m dividends for H1-25

Riyadh - Mubasher: The board of Riyadh Cables Group Company has approved interim cash dividends of SAR 299.43 million, equivalent to 20% of the company’s SAR 1.50 billion capital, for the first half (H1) of 2025. The Tadawul-listed company will …

Cash Dividends

9 September 2025 01:51 PM Marafiq signs SAR 1.8bn agreement with SATORP

Riyadh - Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) has signed a SAR 1.87 billion ($500 million) concession agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a subsidiary of Aramco. The …

Companies Investments

9 September 2025 10:49 AM SHL Finance renews SAR 537m facility deals with SNB, Bank Aljazira

Riyadh - Mubasher: SHL Finance Company has renewed two Sharia-compliant banking facilities totaling SAR 537 million with Bank Aljazira and the Saudi National Bank (SNB). The company secured SAR 275 million and SAR 262 million from Bank Aljazira …

Companies Investments

4 September 2025 11:55 AM Naqi Water, MEMCO sign EUR 900,000 deal

Riyadh — Mubasher: Naqi Water Company penned a deal with Middle East Factory for Machines Company Limited (MEMCO) at an amount of EUR 900,000, according to a bourse filing. Signed on 2 September, the agreement covers the supply and installation of …

Companies Investments

4 September 2025 10:35 AM Wataniya, Knowledge Net, Al Sagr Cooperative unveil new key appointments

Riyadh – Mubasher: Wataniya Insurance Company announced Hussien Akeil and Faisal Charara as the board’s Chairman and Vice Chairman, respectively. The Insurance Authority (IA) greenlighted the appointment on 28 August 2025, according to a bourse …

Management Decisions

31 August 2025 02:20 PM Tadweer receives SAR 90m loan from SIDF

Riyadh - Mubasher: National Environmental Recycling Company (Tadweeer) secured a SAR 90 million loan from the Saudi Industrial Development Fund (SIDF) on 28 August. This falls as part of the SAR 170 million credit facilities obtained from the …

Banking and Finance

27 August 2025 07:56 PM Amlak International secures SAR 250m financing from Emirates NBD- KSA

Riyadh – Mubasher: Amlak International Finance Company inked a Sharia-compliant facility agreement worth SAR 250 million with Emirates NBD- KSA Bank on 26 August 2025. The company will use the four-year loan to facilitate its business and increase …

Banking and Finance

27 August 2025 05:49 AM Agility Global’s Menzies Aviation completes acquisition of G2 Secure Staff for $305m

Mubasher: Menzies Aviation, a subsidiary of Agility Global, has fully acquired US-based G2 Secure Staff for an enterprise value consideration of $305 million plus a deferred consideration of $10 million payable in 2026. The transaction is subject …

Companies Investments

25 August 2025 08:28 AM Ladun’s net profits fall 34% in H1-25

Riyadh – Mubasher: Ladun Investment Company logged net profits after tax valued at SAR 21.32 million in the first half (H1) of 2025, an annual drop of 34.25% from SAR 32.42 million. Earnings per share (EPS) declined to SAR 0.04 in H1-25 from SAR …

Financial Results

19 August 2025 00:47 PM Arabian Drilling secures extension for 11 gas land rigs with SLB

Riyadh – Mubasher: Arabian Drilling extended a one-year deal for all 11 gas land rigs with SLB, with a total contract value between 15% to 20% of the company’s 2024 revenues. During the second quarter (Q2) of 2025, the company announced the …

Companies Investments

19 August 2025 11:14 AM SHL Finance, SAIB pen SAR 200m facility agreement

Riyadh – Mubasher: SHL Finance Company penned a Sharia-compliant banking facility agreement valued at SAR 200 million with The Saudi Investment Bank (SAIB) on 18 August. The five-year loan was secured by a promissory note and assignment of …

Companies Investments