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News

11 March 2025 10:25 AM Cenomi Centers logs SAR 1.2bn profits in 2024; dividends for Q3 announced

Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) generated SAR 1.22 billion in net profit during 2024, lower by 18.44% year-on-year (YoY) than SAR 1.50 billion. Revenues increased by 4.01% YoY to SAR 2.34 billion at the end of December …

Cash Dividends

6 March 2025 06:09 PM Seera turns to net losses of SAR 138 million in 2024; revenue exceeds SAR 4bn

Riyadh – Mubasher: Seera Group Holding shifted to net losses of SAR 138 million in 2024, against a net profit of SAR 234 million in 2023. Meanwhile, strong dynamics across all business lines drove the company's revenue to surge by 24.76% …

Financial Results

6 March 2025 03:00 PM Balady Poultry logs SAR 118m net profit in 2024

Riyadh – Mubasher: The net profit of Balady Poultry Company climbed by 17.04% year-on-year (YoY) to SAR 118.11 million in 2024, compared with SAR 100.91 million. Revenue soared to SAR 887.11 million in 2024 from SAR 760.97 million in 2023, …

Financial Results

3 March 2025 00:49 PM Marafiq’s revenues jump to SAR 6.8bn in 2024

Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) logged net profits amounting to SAR 17.15 million in 2024, down 97.08 % from SAR 587 million in 2023. Marafiq generated 7.83% year-on-year (YoY) higher revenues at …

Financial Results

2 March 2025 04:21 PM Saudi Tadawul Group sees nearly SAR 622m net profit in 2024; dividends recommended

Riyadh – Mubasher: The net profit of Saudi Tadawul Group Holding Company grew by 59.40% year-on-year (YoY) to SAR 621.80 million ($165.80 million) in 2024, compared with SAR 390.10 million in 2023. The revenues hit SAR 1.44 billion ($385.70 …

Financial Results

25 February 2025 08:42 PM Jamjoom Pharma registers 22% higher profits backed by expansion in Egypt

Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) posted 21.93% higher net profits at SAR 356.52 million in 2024, compared to SAR 292.40 million in 2023. Revenues jumped by 19.77% year-on-year (YoY) to SAR 1.31 billion as …

Cash Dividends

24 February 2025 00:33 PM Amak’s net profits surge 226% in 2024; dividends for H2-24 proposed

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) recorded 225.92% higher net profits at SAR 177.89 million in 2024, versus SAR 54.58 million a year earlier. Revenues hiked by 60% year-on-year (YoY) to SAR 780.64 million in 2024 from SAR …

Financial Results

19 February 2025 08:45 PM First Mills logs SAR 251m net profits in 2024

Riyadh – Mubasher:  First Milling Company (First Mills) generated a 13.94% year-on-year (YoY) hike in net profit to SAR 250.90 million during 2024, compared to SAR 220.20 million. The revenues hit SAR 1.04 billion as of 31 December 2024, up 8.77% …

Financial Results

19 February 2025 03:51 PM Saudi Tadawul Group unveils capital management system during CMF2025

Riyadh – Mubasher: Saudi Tadawul Group Holding Company has launched its new Capital Management System (CMS) on the sidelines of the Capital Markets Forum (CMF) 2025, which will conclude on 19 February. The CMS marks a transformative shift in …

Global Economy

18 February 2025 07:34 PM Edaa launches Edaa Connect at CMF2025 to streamline access to mutual funds

Riyadh – Mubasher: Edaa, the Securities Depository Center of the Saudi Tadawul Group launched Edaa Connect, a first-of-its-kind platform designed to transform investor access to mutual funds in the Saudi capital market. The launch was announced on …

Global Economy

18 February 2025 07:10 PM Saudi Tadawul Group inks MoU with Financial Academy during CMF2025

Riyadh – Mubasher: Saudi Tadawul Group signed a memorandum of understanding (MoU) with the Financial Academy on the sidelines of the fifth edition of the Capital Markets Forum (CMF), which is being held in Riyadh until 20 February. The agreement …

Event

18 February 2025 05:47 PM Arabian Drilling, Shelf Drilling form to expand offshore drilling globally

Riyadh – Mubasher: Arabian Drilling inked a memorandum of understanding (MOU) with Shelf Drilling Limited to deploy some of its premium jack-up rigs internationally. The two companies will form a strategic alliance to expand their reach and …

Global Economy

17 February 2025 01:49 PM Luberef’s revenues exceed SAR 10bn in 2024; dividends for H2 unveiled

Riyadh – Mubasher: The net profits of Saudi Aramco Base Oil Company (Luberef) fell by 35.61% to SAR 972.02 million in 2024 from SAR 1.50 billion in 2023. Revenues amounted to SAR 10.03 billion in the January-December 2024 period, up 5.77% …

Board of Directors

16 February 2025 00:11 PM GFH delivers robust performance in 2024; dividends raised

Mubasher: GFH Financial Group recorded 15.21% year-on-year (YoY) higher net profits attributable to the shareholders at $118.50 million in 2024, versus $102.86 million. The revenues hiked by 39.86% to $675.82 million last year from $482.22 million …

Cash Dividends

9 February 2025 09:24 AM Bank Albilad’s board mulls 20% capital hike

Riyadh – Mubasher: Bank Albilad announced the board’s proposal to increase its capital by granting one bonus share for every five shares, according to a bourse filing.   The lender will capitalise SAR 1.50 billion from the retained earnings ‎and …

Board of Directors

6 February 2025 03:26 PM Riyadh to host 5th Capital Markets Forum under Powering Connections theme

Riyadh – Mubasher: Saudi Tadawul Group has announced its flagship event Capital Markets Forum (CMF) which will take place for three days in Riyadh under the theme ‘Powering Connections’, according to a press release. The event will be held under …

Event

6 February 2025 06:59 AM SHL Finance obtains SAR 200m facility from Emirates NBD

Riyadh – Mubasher: SHL Finance Company signed a Sharia-compliant banking facility agreement with Emirates NBD valued at SAR 200 million. The company secured the loan on 5 February to expand and increase its sales volume in line with its growth …

Banking and Finance

5 February 2025 08:04 PM PIF-backed Roshn inks SAR 2bn financing deal with SNB

Riyadh – Mubasher: The Saudi National Bank (SNB) inked a Sharia-compliant credit facility agreement worth SAR 2 billion with Roshn Group, a wholly-owned company by the Saudi Public Investment Fund (PIF). The group will use the loan to expand …

Companies Investments

5 February 2025 07:36 PM SAB to distribute 10% of capital as dividends for H2-24

Riyadh – Mubasher: The board members of Saudi Awwal Bank (SAB) proposed cash dividends valued at SAR 2.05 billion, equivalent to 10% of its capital, for the second half (H2) of 2024. SAB will pay out a dividend after Zakat of SAR 1 per share for …

Cash Dividends

5 February 2025 05:26 PM Sumou Real Estate secures SAR 130m loan from SAB

Riyadh – Mubasher: Sumou Real Estate Company inked a credit facilities agreement with Saudi Awwal Bank (SAB) at an amount of SAR 130 million. The financing is valid for 48 months starting from 4 February 2025, according to a bourse filing. The …

Banking and Finance

4 February 2025 08:01 PM Ma’aden to offer USD-denominated issuance

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) plans to issue USD-denominated trust certificates under its international trust certificate issuance programme, to be established on 4 February 2025. The issuance is expected to be through …

Banking and Finance

4 February 2025 05:17 PM Edarat Group logs SAR 104.5m revenue in 2024; net profit surges 40% YoY

Riyadh – Mubasher: Edarat Communication and Information Technology Company (Edarat Group) reported a net profit of SAR 24.66 million in 2024, which marked a 41.98% year-on-year (YoY) surge from SAR 17.37 million. Edarat Group’s revenue increased …

Corporate Actions

4 February 2025 11:05 AM Riyad Bank to pay out SAR 2.6bn dividends for H2-24

Riyadh – Mubasher: Riyad Bank recommended cash dividends valued at SAR 2.69 billion, equivalent to 9% of its capital, for the second half (H2) of 2024. The bank will disburse a divined after Zakat worth SAR 0.90 for 2.99 billion eligible shares, …

Cash Dividends

4 February 2025 10:37 AM Bank Albilad records 18.5% higher profits in 2024

Riyadh – Mubasher: Bank Albilad registered SAR 2.80 billion in net profit as of 31 December 2024, higher by 18.47% year-on-year (YoY) than SAR 2.36 billion. Earnings per share (EPS) increased to SAR 2.26 last year from SAR 1.91 in 2023, according …

Financial Results

3 February 2025 07:31 PM Al Arabia inks SAR 972m facility deal with SAB

Riyadh Mubasher: Arabian Contracting Services Company (Al Arabia) penned a long-term bank facility agreement valued at SAR 972 million with Saudi Awwal Bank (SAB) on 3 February. The company aims to refinance the acquisition loan to Faden Media to …

Banking and Finance