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News

25 September 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 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 …

Board of Directors

23 September 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 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 …

Board of Directors

18 September 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 …

Companies Investments

18 September 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 …

Real estate

16 September 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 …

Banking and Finance

16 September 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. …

Global Economy

11 September 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 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 …

Companies Investments

10 September 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 …

Board of Directors

9 September 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 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 …

Banking and Finance

4 September 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 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 …

Corporate Actions

31 August 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 …

Companies Investments

27 August 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 …

Companies Investments

27 August 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 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 12:47 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 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 …

Banking and Finance

19 August 09:40 AM Sumou Real Estate rolls out SAR 135m contract award

Riyadh - Mubasher: Sumou Real Estate Company was awarded a SAR 135 million contract with Diyar Real Estate Development Fund Company on 17 August 2025, according to a bourse filing. Sumou Real Estate will handle the development and execution of …

Real estate

17 August 10:46 AM GFH’s profits to owners surpass $67m in H1-25; dividends proposed

Mubasher: The net profits attributable to the shareholders of GFH Financial Group jumped by 10.69% to $67.23 million in the first half (H1) of 2025 from $60.74 million a year earlier. Total income hit $357.06 million in H1-25, up 7.48% …

Cash Dividends

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