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News

18 February 06:42 PM Sure Global Tech to develop AI-focused subsidiary

Riyadh - Mubasher: The board of Sure Global Tech Company agreed on 17 February 2026 to establish a wholly owned limited liability company. The Riyadh-based unit will focus on AI solutions, big data analytics, intelligent systems, and other …

Companies Investments

18 February 06:38 PM SHL Finance extends SAR 200m facility agreement with Emirates NBD

Riyadh - Mubasher: SHL Finance Company renewed, on 18 February 2026, a Sharia-compliant credit facility agreement worth SAR 200 million with Emirates NBD for a five-year term. The financing is secured by a promissory note and receivables provided …

Banking and Finance

13 February 01:27 AM GFH delivers $145.5m net profits in 2025 with diversified global investments; board recommends dividend payout

Mubasher: Cross-listed GFH Financial Group reported net profits worth $145.50 million in 2025, signaling an increase of 13.20% from $128.51 million in 2024. The basic and diluted earnings per share (EPS) stood at 3.92 cents in 2025, compared to …

Financial Results

9 February 09:17 PM Academy of Learning records 18% higher net profits in H1-25/26; dividends unveiled

Riyadh - Mubasher: Academy of Learning Company registered net profits attributable to shareholders worth SAR 14.24 million in the first half (H1) of fiscal year (FY) 2025/2026. The H1-25/26 net profits were higher by 18.12% than SAR 12.05 million …

Board of Directors

9 February 04:04 PM Edarat Group witnesses 47% higher net profits in 2025

Riyadh - Mubasher: Edarat Communication and Information Technology Company (Edarat Group) reported SAR 36.34 million in net profit attributable to shareholders during 2025. The net income last year was higher by 47.35% than SAR 24.66 million in …

Financial Results

8 February 04:40 PM Luberef’s profits cross SAR 855m in 2025; dividends for H2 recommended

Riyadh - Mubasher: The net profits attributable to the shareholders of Saudi Aramco Base Oil Company (Luberef) fell by 12.01% to SAR 855.31 million in 2025 from SAR 972.02 million in 2024. The earnings per share (EPS) hit EGP 5.08 last year, …

Board of Directors

2 February 07:29 PM GFH acquires majority stake in GCC-focused Byrne Equipment Rental

Mubasher: GFH Financial Group has purchased a 60% stake in Byrne Equipment Rental LLC, a leading GCC industrial services and equipment rental provider, with an investment and capital expenditure program valued at around $400 million. This …

Global Economy

2 February 06:23 PM Tadweer inks SAR 64m raw materials supply deal with Topal Advanced

Riyadh - Mubasher: National Environmental Recycling Company (Tadweer) has penned a raw materials purchase agreement with Topal Advanced Company at a value of SAR 63.84 million. The contract, signed on 2 February 2026, covers the procurement of …

Companies Investments

1 February 11:10 PM Amlak International unveils new identity

Riyadh – Mubasher: Amlak International Finance Company launched its new identity after completing its required regulatory procedures, according to a bourse disclosure. The new identity reflects the company’s ongoing strategic transformation, …

Companies Investments

22 January 06:36 PM East Pipes Integrated signs SAR 60m deal with AliShar Contracting

Riyadh – Mubasher: East Pipes Integrated Company for Industry inked a SAR 60 million deal with AliShar Contracting Company on 21 January 2026. The deal covers providing steel pipes for six months, according to a statement. The financial impact of …

Companies Investments

21 January 10:58 AM GFH, AlKhaleej Training eye business merger to expand educational assets

Mubasher: GFH Financial Group has signed a non-binding memorandum of understanding (MoU) with AlKhaleej Training and Education Company to explore potential collaboration on the merger of their educational assets and companies. The deal includes …

Mergers and Acquisitions

19 January 10:04 PM GFH Partners unveils investments in US to fuel global expansion strategy

Mubasher: GFH Partners, a subsidiary of GFH Financial Group, has completed its co‑investment in Cold‑Link Logistics, a leading cold storage owner‑operator and one of the ten largest privately held companies in North America. The unit also invested …

Global Economy

13 January 11:25 AM Arabian Drilling pens 3 rig contract extensions at SAR 1.4bn

Riyadh – Mubasher: Arabian Drilling signed, on 13 January, three contract extensions for land rigs with a total value of SAR 1.40 billion, adding 25 rig years to its backlog. One rig is currently operational, and another is expected to be …

Companies Investments

6 January 11:06 AM CMA nods for Saudi Networkers Services, Mawarid Manpower’s capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the capital increase requests of Saudi Networkers Services Company and Mawarid Manpower Company on 6 January 2026, according to bourse disclosures. Saudi Networkers Services plans …

Companies Investments

5 January 11:29 AM GFH Partners, Gaw Capital to launch logistics platform in UAE

Mubasher: GFH Partners, a subsidiary of GFH Financial Group, joined forces with Gaw Capital Partners to establish a UAE-focused industrial and logistics platform, according to a press release. Under the partnership, Gaw Capital will hold a …

Companies Investments

4 January 10:22 AM Saudi Tadawul Group names Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Tadawul Group Holding Company appointed Mazen Abdulrazzaq Al Romaihas as the Chairman of the board members. Yazeed Abdulrahman Al Humaid was announced as the Vice Chairman, according to a bourse filing. The two officials …

Management Decisions

30 December 2025 03:00 PM SHL Finance obtains over SAR 427.5m loan from GIB

Riyadh - Mubasher: SHL Finance Company renewed its Sharia-compliant credit facility agreement valued at SAR 427.60 million with Gulf International Bank (GIB) on 29 December 2025. The loan is secured by a promissory note and receivables provided to …

Companies Investments

29 December 2025 07:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes

Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …

Real estate

29 December 2025 10:20 AM Saudi Lime pens SAR 25m facility deal with Emirates NBD

Riyadh - Mubasher: Saudi Lime Industries Company signed an Islamic Shariah-compliant credit facility deal with Emirates NBD Bank for an amount of SAR 25 million on 28 December 2025. The one-year agreement will be used to support the company’s …

Banking and Finance

24 December 2025 03:14 PM SHL Finance names new Chairman, Vice Chairman

Riyadh -  Mubasher: SHL Finance Company announced Yousef bin Abdullah Al Shelash as the board’s Chairman for the next four years. Meanwhile, Obaid bin Abdullah Al Rasheed was appointed as the Vice Chairman, according to a bourse filing. The two …

Banking and Finance

23 December 2025 09:11 PM Al Rashid Industrial’s board proposes SAR 40m capital increase via bonus shares

Riyadh - Mubasher: The board of Al Rashid Industrial Company recommended raising the capital by SAR 40 million to SAR 120 million from SAR 80 million. The transaction, which was proposed during the meeting on 22 December, will be implemented …

Board of Directors

9 December 2025 06:00 PM Ma’aden inks exploration license exchange agreement with Amak

Riyadh - Mubasher: Saudi Arabian Mining Company (Ma’aden) and Al Masane Al Kobra Mining Company (Amak) signed an agreement to exchange several exploration licenses, according to a press release. Under the deal, a group of exploration licenses …

Companies Investments

8 December 2025 01:26 PM East Pipes Integrated pens SAR 485m supply agreement with Saudi Water Authority

Riyadh – Mubasher: East Pipes Integrated Company for Industry and the Saudi Water Authority inked a SAR 485 million agreement on 7 December 2025, according to a bourse statement. Under the deal, the company will manufacture and supply steel pipes …

Companies Investments

4 December 2025 06:24 PM NBK Wealth – KSA acquires land plot to develop SAR 300m mixed-use property

Riyadh – Mubasher: NBK Wealth – KSA, affiliated to NBK Wealth Group, has strengthened its presence in Saudi Arabia by taking over a prime land plot to build a mixed-use property at a total development cost of approximately SAR 300 million ($80 …

Real estate

26 November 2025 00:08 PM GFH Partners acquires majority stake in Devmark to foster GCC residential ecosystem

Mubasher: GFH Partners, a subsidiary of GFH Financial Group, owned a majority shareholding in Devmark Real Estate Brokers L.L.C, the UAE’s leading real estate development project sales and marketing platform. The transaction marks GFH Partners’ …

Companies Investments