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News

14 September 09:25 AM Arabian Drilling expands operations via SAR 2bn deal with SLB

Riyadh — Mubasher: Arabian Drilling has signed a five-year contract valued at approximately SAR 2 billion with Schlumberger Middle East S.A. (SLB). Under the terms of the agreement, the company will provide eight additional land rigs to support …

Company News

13 September 12:40 PM Alujain Corporation’s CEO Al Dawood resigns

Riyadh - Mubaher: The board of Alujain Corporation accepted the resignation of CEO Khalid bin Mohammed Al Dawood on 10 September 2026. The resignation, which becomes effective on 14 September, follows Al Dawood reaching the legal age for …

Management Decisions

10 September 08:54 AM Sure Global Tech’s profits shrink in H1-26 on lower managed services revenue

Riyadh — Mubasher: Sure Global Tech Company logged 66.76% lower net profits at SAR 4.70 million in the first half (H1) of 2026, compared to SAR 14.14 million during the same period last year. Earnings per share (EPS) fell to SAR 0.62 in H1-26 from …

Financial Results

10 September 08:52 AM Fadeco corrects H1-26 reported equity figure

Riyadh – Mubasher: Arabian Food and Dairy Factories Company (Fadeco) issued a corrective statement regarding its financial results originally published on 30 August 2026. The amendment specifically addresses the reported total shareholders' …

Financial Results

10 September 08:49 AM Molan Steel’s losses deepen in H1-26; accumulated losses hit 141% of capital

Riyadh — Mubasher: Molan Steel Company suffered net loss of SAR 11.14 million in the first half (H1) of 2026, an annual leap of 296.10% from SAR 2.81 million. The company’s sales plummeted by 72.03% to SAR 9.30 million from SAR 33.25 million in …

Financial Results

10 September 08:46 AM Tam Development secures multiple international ISO, technical certifications

Riyadh — Mubasher: Tam Development Company has achieved a comprehensive suite of international certifications and technical accreditations during 2026. The company secured the CMMI Maturity Level 3 for both development and services, alongside the …

Company News

10 September 08:26 AM Knowledge Net incurs 31% lower losses in H1-26

Riyadh – Mubasher: Knowledge Net posted 31.04% year-on-year (YoY) lower losses at SAR 1.01 million in the first half (H1) of 2026, compared to SAR 1.46 million. Revenues declined by 1.71% to SAR 17.59 million at the end of June 2026 from SAR 17.90 …

Financial Results

9 September 04:33 PM Edaa completes APICO’s capital raise transaction

Riyadh — Mubasher: The Securities Depository Center Company (Edaa) announced the successful implementation of securities quantity increases forArabian Plastic Industrial Company (APICO). The adjustment has been reflected in the accounts of …

Company News

8 September 03:16 PM Ghida Al Sultan fails to publish H1-26 financial results within set date

Riyadh — Mubasher: Ghida Al Sultan for Fast Food Company announced it was unable to publish its preliminary financial results for the first half (H1) of 2026, within the regulatory deadline. The delay is attributed to the external auditor's …

Financial Results

8 September 02:10 PM Amwaj International unable to release H1-26 financial results within deadline

Riyadh — Mubasher: Amwaj International Company announced its inability to publish its consolidated interim financial results for the six-month period that ended on 30 June 2026, within the regulatory timeframe. The delay follows the late …

Company News

7 September 12:11 PM Tadawul adjusts APICO’s fluctuation limit

Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced the calculation of the daily price fluctuation limit for Arabian Plastic Industrial Company (APICO) shares based on a price of SAR 37.10. The price adjustment follows the company’s …

Trading Activities

7 September 08:01 AM APICO takes over Jeddah factory site for SAR 28m

Riyadh — Mubasher: Arabian Plastic Industrial Company (APICO) entered into a purchase agreement on 31 August, to acquire an existing factory site in the Third Industrial City of Jeddah for a total value of SAR 28 million. The transaction involves …

Companies Investments

7 September 07:49 AM Rawasi Albina postpones H1-26 financial results release

Riyadh — Mubasher: Rawasi Albina Investment Company announced it was unable to publish its preliminary financial results for the six-month period that ended on 30 June 2026 on the Saudi Exchange (Tadawul) website within the specified regulatory …

Financial Results

6 September 08:26 PM First Mills names Chairman, Vice Chairman

Riyadh — Mubasher: The board members of First Milling Company (First Mills) passed a resolution on 3 September to appoint its leadership and establish specialized committees for a new four-year term. The board appointed Abdullah Ahmed Al Shehri as …

Company News

6 September 04:17 PM First Mills appoints audit committee members for new board term

Riyadh — Mubasher: First Milling Company (First Mills)announced the formation of its audit committee for the new board of directors term, which commenced on 30 August 2026. The appointments were finalized during a board of directors meeting held …

Board of Directors

3 September 07:54 PM Tam Development delivers 80% profit decline in H1-26

Riyadh — Mubasher: Tam Development Company reported a 79.89% year-on-year (YoY) decline in net profit for the first half (H1) of 2026, falling to SAR 2.34 million from SAR 11.61 million in H1-25. The company attributed the result to a broader …

Company News

3 September 07:28 PM Tam Development’s board ratifies market transition, appoints advisor

Riyadh — Mubasher: The board of Tam Development Company approved the transition from the Nomu-Parallel Market to the Saudi Main Market during a meeting held on 30 August 2026. The decision aligns with the updated listing rules issued under the …

Company News

3 September 05:36 PM Leen Alkhair says accumulated losses hit 31% of capital

Riyadh — Mubasher: Leen Alkhair Trading Company announced that its accumulated losses have reached SAR 25.61 million as of 30 June 2026. The accumulated losses represented 31% of its SAR 81.59 million capital. The financial position, recorded in …

Financial Results

3 September 05:17 PM Meyar’s net losses deepen in H1-26 on sharp decline in construction sector demand

Riyadh — Mubasher: Meyar Company logged a net loss of SAR 4.12 million in the first half (H1) of 2026, compared to a loss of around SAR 320,000 in H1-25. The company attributed the 1,186.56% increase in losses to a sharp decline in construction …

Company News

3 September 05:04 PM Leen Alkhair shifts to roughly SAR 18m net losses in H1-26

Riyadh — Mubasher: Leen Alkhair Trading Company reported a net loss of SAR 17.98 million for the first six months (6M) of 2026, reversing a net profit of SAR 2.28 million recorded in the year-ago period. The company attributed the downturn to a …

Company News

3 September 03:44 PM Amwaj International to hold OGM for 2025 financial performance

Riyadh — Mubasher: Amwaj International Company has invited its shareholders to an Ordinary General Assembly meeting (OGM) scheduled for 20 September 2026 at 18:30. The meeting will be held both physically at the company’s headquarters and via …

General Assembly

3 September 02:48 PM Al Babtain Food witnesses lower profits in H1-26 despite 4% revenue growth

Riyadh — Mubasher: Abdulaziz and Mansour Ibrahim Albabtin Company (Al Babtain Food) a net profit of SAR 2.60 million in the first half (H1) of 2026, representing a 29.73% decrease from the SAR 3.70 million recorded in H1-25. Earnings per share …

Company News

3 September 06:13 AM IBM, Marafiq pen deal to improve enterprise services in Saudi Arabia

Riyadh – Mubasher: IBM joined forces with Power and Water Utility Company for Jubail and Yanbu (Marafiq) to modernize enterprise service delivery and enhance employee experience through a unified ServiceNow platform. Under the agreement, announced …

Companies Investments

2 September 02:01 PM Maharah unveils financial statements for Saudi Health Systems

Riyadh – Mubasher: Masar Al Numu Investment Company, a unit of Maharah Human Resources Company, received the financial statements for its associate, Saudi Health Systems, on 1 September. Masar Al Numu Investment Company holds a 40% stake in the …

Company News

2 September 10:31 AM Tadawul suspends trading of 4 Nomu companies over financial disclosure delay

Riyadh – Mubasher: The Saudi Exchange (Tadawul) halted trading of four companies listed on the Parallel Market (Nomu) for one session on 2 September, as they failed to publish financial results for the period ended on 30 June 2026. The companies …

Company News