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Default Company (KFIC)

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News

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16 August 06:39 PM Waja announces nomination period for new board seats
Riyadh — Mubasher: Waja Company announced opening of the nomination period for three additional seats on its Board of Directors for the current term. The nomination window began on 10 August and will remain open for one month until 10 September …
Naba Alsaha Medical Services Company
16 August 05:10 PM Naba Alsaha acquires asset for over SAR 48m to build health center
Riyadh — Mubasher: Naba Alsaha Medical Services Company recently announced the acquisition of a land plot in the Dana Al Rames district of Qatif city for a total consideration of SAR 48.38 million. The purchase price includes the real estate …
Photo Archive
16 August 01:09 PM Sadr Logistics turns profitable in H1-26
Riyadh – Mubasher: Sadr Logistics Company registered net profits totaling SAR 5.43 million for the first half (H1) of 2026, reversing a net loss of SAR 7.18 million recorded during the same period in the previous year. The company’s turnaround was …
Photo Archive
16 August 09:58 AM Maharah posts 49% higher net profits in H1-26
Riyadh – Mubasher: Maharah Human Resources Company announced its preliminary financial results for the period that ended on 30 June 2026, reporting a net profit of SAR 132.31 million. This represents a 48.91% increase compared to the SAR 88.85 …
Photo Archive
13 August 03:56 PM Waja shareholders approve board expansion, bylaw amendments
Riyadh — Mubasher: Waja Company announced that its shareholders approved a significant restructuring of the company’s internal bylaws during an Extraordinary General Assembly meeting (EGM) held on 6 August 2026, according to a bourse filing. The …
Photo Archive
13 August 02:36 PM TADCO divests stake in Horizon Food for SAR 10.5m
Riyadh — Mubasher: Tabuk Agricultural Development Company (TADCO) has sold a portion of its investment in Horizon Food Company through two separate transactions totaling SAR 10.50 million. The divestment is intended to enhance TADCO's cash …
Arabian Drilling
13 August 11:02 AM Arabian Drilling projects to reach full offshore fleet utilization by end of Q3-26
Riyadh — Mubasher: Arabian Drilling announced that it has received notification to resume operations for all remaining offshore drilling rigs that were previously suspended. The company, which is the largest drilling contractor in Saudi Arabia by …
Capital Market Authority (CMA)
13 August 10:55 AM Saudi CMA approves Cenomi Centers’ capital increase to over SAR 5.1bn via bonus shares
Riyadh — Mubasher: The Capital Market Authority (CMA) has approved a request from Arabian Centres Company (Cenomi Centers) to increase its capital from SAR 4.75 billion to SAR 5.18 billion through the issuance of bonus shares. The capital hike …
Ladun Investment Company
13 August 10:53 AM Tadawul ratifies Ladun Investment’s market transfer
Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced its approval for Ladun Investment Company to transfer its listing from the Nomu-Parallel Market to the Main Market. The company currently operates with a capital of SAR 500 million …
Photo Archive
12 August 06:37 PM Balady Poultry records roughly 8.5% increase in H1-26 profit
Riyadh — Mubasher: Balady Poultry Company announced its preliminary financial results for the six-month period ended on 30 June 2026, posting a net profit of SAR 19.60 million. The positive result represents an 8.49% increase compared to the SAR …
Photo Archive
12 August 03:56 PM Alsaif Gallery launches new branch in Riyadh
Riyadh – Mubasher: Alsaif Stores for Development and Investment Company (Alsaif Gallery) has opened its latest branch in the Al Nadwa district of Riyadh. The new showroom covers an area of 944 square meters and represents a key step in the …
Photo Archive
12 August 01:56 PM AMAK appoints new independent director
Riyadh – Mubasher: Almasane Alkobra Mining Company (AMAK) announced  the resignation of non-executive member Majed Ali bin Muslim, effective 10 August 2026. The company stated the resignation was submitted to enhance corporate governance practices …
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12 August 01:37 PM AMAK names Managing Director following CEO departure
Riyadh – Mubasher: The board of Almasane Alkobra Mining Company (AMAK) approved the consensual termination of the contractual relationship with CEO Geoffrey Macdonald Day. The decision, reached during a board meeting held on 10 August 2026, will …
Photo Archive
12 August 01:14 PM Bena Steel Industries opens nominations for new board term
Riyadh — Mubasher: Bena Steel Industries Company announced the opening of nominations for its board of directors for the upcoming four-year term, according to a bourse filing. The company is seeking candidates for four board seats to serve during …
Photo Archive
12 August 01:08 PM Ladun Investment turns to net losses in H1-26
Riyadh — Mubasher: Ladun Investment Company reported a net loss of SAR 73.91 million during the first half (H1) of 2026, shifting from a net profit of SAR 21.32 million in H1-25. The company’s revenue for the half-year period fell by 50.97% to SAR …
Photo Archive
11 August 06:30 PM Future Care Trading inaugurates new branch
Riyadh — Mubasher: Future Care Trading Company has opened its newest branch in the city of Makkah on 5 August 2026, according to a bourse filing. The expansion is part of the company’s broader strategy to increase its geographical footprint and …
Photo Archive
11 August 06:09 PM Rawasi Albina to elect new board at OGM
Riyadh — Mubasher: Rawasi Albina Investment Company has called for an Ordinary General Meeting (OGM) to be held on 26 August 2026, at 19:00, according to a bourse filing. The meeting will be conducted both in-person at the company’s Riyadh …
Photo Archive
11 August 02:55 PM Saudi Ceramics awards SAR 16m contract to Sadr Logistics
Riyadh – Mubasher: Saudi Ceramic Company inked a contract with Sadr Logistics Company totaling SAR 16.07 million, excluding value-added tax. The agreement involves a SAR 3.07 million supply order for wooden pallets alongside core project works …
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11 August 02:34 PM Mawarid Manpower to pay out SAR 32m dividends for H1-26
Riyadh – Mubasher: Mawarid Manpower Company’s board of directors greenlighted a cash dividend distribution of SAR 32 million to shareholders for the first half (H1) of 2026. The distribution will be allocated across 20 million eligible shares, …
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11 August 01:27 PM Al Razi Medical calls for general assembly to elect new directors
Riyadh – Mubasher: Al Razi Medical Company recently invited its shareholders to attend the first Ordinary General Assembly meeting scheduled for 7 September 2026, according to a bourse filing. The meeting will be conducted via modern technology at …
Photo Archive
11 August 10:39 AM Sadr Logistics pens SAR 3.5m agreement with Saudi Ceramics
Riyadh – Mubasher: Sadr Logistics Company has signed a contract with Saudi Ceramic Company at a value of SAR 3.53 million, including value-added tax. Under the terms of the agreement, Sadr Logistics will supply wooden pallets to support the …
Photo Archive
11 August 09:19 AM Luberef extends Jeddah facility lease agreement with Saudi Aramco
Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) announced the extension of its utility services sale agreement with Saudi Oil Company (Aramco), which includes the land lease for the company’s facility in Jeddah. The extension, signed on …
Photo Archive
10 August 04:29 PM Molan Steel to pursue reverse stock split following recent notification
Riyadh — Mubasher: Molan Steel Company recently announced it had received a notification from the Saudi Exchange (Tadawul) on 3 August 2026 regarding its average closing share price falling below the minimum required threshold. Under Paragraph (C) …
Photo Archive
10 August 03:17 PM Al Razi Medical announces 261% profit growth in H1-26
Riyadh — Mubasher: Al Razi Medical Company reported a 261.27% surge in net profit to nearly SAR 420,000 during the first half (H1) of 2026, compared to roughly SAR 120,000 during the same period in 2025. The medical company’s revenues rose by …
Photo Archive
10 August 10:18 AM Arabian Drilling swings to losses in Q2-26 on lower rig utilization
Riyadh – Mubasher: Arabian Drilling incurred net losses valued at SAR 31.50 million for the second quarter (Q2) of 2026, compared to a net profit of SAR 7.50 million during the same period in 2025. The company attributed the downturn to a decline …