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24 May 06:18 PM Al Babtain Power to voluntarily liquidate fully-owned subsidiary
Riyadh – Mubasher: The board members of Al Babtain Power and Telecommunication Company have decided to initiate the voluntary liquidation of a wholly owned subsidiary, during a meeting held on 20 May 2026. The move to voluntarily liquidate …
United Mining Industries Company
24 May 11:22 AM United Mining Industries unveils update on potential acquisition by Knauf, delisting status
Riyadh – Mubasher: United Mining Industries Company has issued an addendum confirming that Knauf International GmbH has completed a private transaction involving the company’s shares. Following this development, Knauf is now considering a formal …
Riyadh Cables Group Company
20 May 07:21 PM Riyadh Cables unveils equity transfer by major shareholder
Riyadh – Mubasher: Riyadh Cables Group Company, a prominent manufacturer in the Saudi industrial sector, has officially announced a significant internal reorganization of its shareholding structure, according to a bourse disclosure. The company …
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19 May 08:01 PM Al Babtain Power’s board approves SAR 32m dividends for Q1-26
Riyadh – Mubasher: The board members of Al Babtain Power and Telecommunication Company decided to pay out a cash dividend to shareholders for the first quarter (Q1) of the 2026, according to a bourse filing. The total amount is valued at …
Photo Archive
19 May 06:47 PM Almuneef obtains regulatory nod for 50% capital raise via bonus shares
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has issued a resolution approving a request from Almuneef Company for Trade, Industry, Agriculture and Contracting to increase its capital base by SAR 19 million. The approval …
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19 May 10:49 AM Alshehili Company inks SAR 6.5m agreement with Ninja Supply Chain
Riyadh – Mubasher: Alshehili Company for Metal Industries and Ninja Supply Chain Company penned an agreement valued at SAR 6.42 million on 18 May 2026, according to a bourse filing. Under the deal, the company will supply and manufacture 40 …
Photo Archive
18 May 02:22 PM Al Ashghal Al Moysra pens one-year agreement with Association of Masjid Building
Riyadh - Mubasher: Al Ashghal Al Moysra Company signed an agreement with the Association of Masjid Building at an amount of SAR 813,510 on 14 May 2026. The one-year deal covers the construction of a mosque for the Specialized Rehabilitation …
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14 May 03:59 PM Bawan Company records over SAR 1bn revenue in Q1-26 on back of oil, gas sector
Riyadh – Mubasher: Bawan Company generated revenue worth SAR 1.03 billion during the first quarter (Q1) of 2026, signaling a 13.31% increase from SAR 910.17 million in Q1-25. The company elaborated that the annual revenue growth is mainly due to …
Saudi Ceramics
14 May 08:33 AM Saudi Ceramics generates 6% higher profits in Q1-26
Riyadh -Mubasher: The net profits of Saudi Ceramic Company (Saudi Ceramics) increased by 6.14% to SAR 22.41 million in the first quarter (Q1) of 2026 from SAR 21.12 million in Q1-25. The company posted an annual decline of 0.41% in revenue to SAR …
Photo Archive
13 May 05:55 PM Al Babtain Power achieves SAR 748m revenue in Q1-26; net profit soars 62.5%
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company generated revenue amounting to SAR 747.90 million in the first quarter (Q1) of 2026, reflecting an 18.48% increase from SAR 631.20 million in Q1-25. The annual revenue growth …
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6 May 07:51 PM Batic Investments logs SAR 12m net profits in Q1-26; accumulated losses hit SAR 25m
Riyadh – Mubasher: Batic Investments and Logistics Company posted net profits worth SAR 12.25 million in the first quarter (Q1) of 2026, signaling a 10.54% drop from SAR 13.69 million in Q1-25. The earnings per share (EPS) went down to SAR 0.020 …
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5 May 11:18 AM Riyadh Cables records 10% higher profits in Q1-26
Riyadh – Mubasher: The net profits attributable to the shareholders of Riyadh Cables Group Company hit SAR 281.96 million in the first quarter (Q1) of 2026, an annual rise of 10.06% from SAR 256.18 million. The group generated 11.19% year-on-year …
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28 April 12:17 PM EIC generates SAR 191m profits in Q1-26 initial financials
Riyadh - Mubasher: Electrical Industries Company (EIC) logged net profits valued at SAR 190.77 million in the first quarter (Q1) of 2026, an annual leap of 54.55% from SAR 123.43 million. The earnings per share (EPS) jumped to SAR 0.17 in Q1-26 …
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28 April 09:12 AM Astra Industrial achieves higher profits at SAR 173m in Q1-26
Riyadh - Mubasher: Astra Industrial Group logged net profits attributable to the shareholders totaling SAR 173.13 million in the first quarter (Q1) of 2026, up 0.73% from SAR 171.87 million in Q1-25. Meanwhile, the revenues declined by 5.13% to …
Photo Archive
22 April 08:23 AM Atlas Elevators, Multi Business Group receive CMA’s approval for capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike requests of Atlas Elevators General Trading and Contracting Company and Multi Business Group Company, according to bourse statements. Atlas Elevators intends to raise …
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14 April 09:36 AM MESC obtains SAR 100m facility from SAB
Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) penned a Shariah-compliant loan valued at SAR 100 million with Saudi Awwal Bank (SAB). Both sides inked the deal on 13 April 2026, and it is valid until 10 March 2027, according to a …
Photo Archive
9 April 11:22 AM Al Ashghal Al Moysra extends SAR 8m facility agreement with SNB
Riyadh - Mubasher: Al Ashghal Al Moysra Company renewed and increased a Sharia-compliant credit facility agreement worth SAR 8 million with Saudi National Bank (SNB). The three-year facility was obtained on 8 April 2026, according to a bourse …
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7 April 05:52 PM Riyadh Cables pens SAR 450m contract with Mohammed Al Ojaimi
Riyadh - Mubasher: Riyadh Cables Group Company inked a SAR 450 million contract with Mohammed Al Ojaimi Contracting Establishment on 6 April 2026. The 12-month agreement aims to supply cable products for power generation and transmission projects …
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7 April 11:55 AM Batic Investments, Tibbiyah announce new leaderships
Riyadh - Mubasher: Batic Investments and Logistics Company appointed Fares bin Mansour Al Rajhi as the board's Chairman and Turki bin Ahmed Al Obailan as Dupty Cahirman for the next four years. The new appointment will take effect on 3 April 2026 …
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6 April 11:29 AM MESC increases Alinma Bank’s financing agreement to SAR 250m
Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) increased its facility deal with Alinma Bank to SAR 250 million from SAR 150 million. The financing agreement was guaranteed by promissory notes worth SAR 275 million, according to a …
Photo Archive
24 March 09:23 AM Anmat Technology awarded SAR 47m contract project from Saudi Energy
Riyadh - Mubasher: Anmaat Technology Company was awarded a framework purchase agreement with Saudi Energy Company at an approximate value of SAR 47 million on 16 March 2026. The deal covers the supply of specialized technical equipment and systems …
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17 March 10:38 AM Batic Investments turns to profitability in 2025; accumulated losses unveiled
Riyadh - Mubasher: Batic Investments and Logistics Company achieved SAR 26.14 million in net profit attributable to shareholders during 2025, against net losses valued at SAR 57.45 million in 2024. The earnings per share (EPS) stood at SAR 0.04 as …
Riyadh Cables Group Company
16 March 01:33 AM Riyadh Cables’ revenue leaps 18.5% in 2025; board recommends H2 dividend payout
Riyadh – Mubasher: Riyadh Cables Group Company posted net profits worth SAR 1.08 billion in 2025, signaling a 32.29% annual growth from SAR 816.69 million in 2024. The earnings per share (EPS) rose to SAR 7.22 in 2025 from SAR 5.45 in 2024, …
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11 March 12:27 PM Astra Industrial eyes SAR 280m dividends for 2025
Riyadh - Mubasher: The board members of Astra Industrial Group proposed cash dividends worth SAR 280 million, equivalent to 35% of its SAR 800 million capital, for 2025. The Tadawul-listed company will disburse a dividend of SAR 3.50 per share for …
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10 March 11:51 AM Al Babtain Power’s net profits hike 70.5% in 2025
Riyadh - Mubasher: Al Babtain Power and Telecommunication Company delivered SAR 453 million in net profit attributable to the owners during 2025, which signaled an annual surge of 70.49% from SAR 265.70 million. The earnings per share (EPS) …