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The deal was cancelled due to financial liabilities on Hemaia Group
7 July 02:08 PM Shams withdraws from Hemaia Group’s acquisition deal
Riyadh – Mubasher: The board of directors of Tourism Enterprise Company (Shams) decided to withdraw from the acquisition agreement of Hemaia Group. The deal was cancelled due to financial liabilities on Hemaia Group, according to Shams’ statement …
Seera signed a long-term financing agreement with SAIB
4 July 05:45 PM Seera Holding annuls REIT agreement; inks pact with SAIB
Riyadh – Mubasher: Seera Holding Group, formerly known as Al Tayyar Travel Group Holding Co, on Thursday announced the annulment of the agreement on the creation of a real estate investment trust (REIT) for the development of middle-income hotels. …
Raydan Food opened its first franchise in UAE.
2 July 09:23 AM Saudi Raydan Food opens 1st franchise in UAE
Riyadh – Mubasher: Raydan Food Co has announced the opening of its first franchise in Dubai, the UAE. Located in the Jumeirah Street, the franchise was inaugurated on Monday, 1 July, the company said in a filing to the Saudi Stock Exchange …
The newly opened centres feature sophisticated facilities and services
30 June 09:36 AM Saudi Fitness Time opens SAR 17.6m centres in Jeddah
Riyadh – Mubasher: Leejam Sports Co (Fitness Time) on Sunday announced it has opened two new fitness centres in Jeddah; one for men and another for women. Spanning an area of 7,505 square metres, the two centres have been built with SAR 17.6 …
Prince Mishaal is a related party in the deal
24 June 11:42 AM Shams acquires 53% stake in Hemaia Group
Riyadh – Mubasher: Tourism Enterprise Company (Shams) has finalised the acquisition of a 53% stake in Hemaia Group through raising Hemaia’s capital by SAR 10 billion.  According to the transaction, the capital increase will be paid in cash from …
Development Works Food Co's EGM should be held within six months
23 June 05:49 PM CMA nods for Saudi DWF to raise capital to SAR 25m
​​Riyadh – Mubasher: Development Works Food Co (DWF) received an approval from the Saudi Capital Market (CMA) to increase the capital to SAR 25 million from SAR 12.5 million. This capital hike will be executed by distributing a bonus share for …
Raydan was listed on the Parallel Market (Nomu) in 2017
19 June 11:29 AM Raydan’s shareholders nod to new firm name
Riyadh – Mubasher: The shareholders of Raydan Restaurants and Cuisines Company approved, during their extraordinary general meeting (EGM) on Tuesday, to change the company’s commercial name. Raydan Restaurants and Cuisines Company will be changed …
Net profits after zakat and tax amounted to SAR 714,727 in Q1-19
29 May 10:53 AM Raydan Q1 profit falls 85%
Riyadh – Mubasher: Raydan Company reported an 85.4% year-on-year slid in its profits for the first quarter of 2019. Net profits after zakat and tax amounted to SAR 714,727 in Q1-19, against SAR 5.16 million in Q1-18, according to a filing to the …
Net profits after zakat and tax recorded SAR 1.45 million in Q1-19
29 May 10:06 AM Development Works Food logs SAR 1.5m profit in Q1
Riyadh – Mubasher: Development Works Food Company posted an 8.83% year-on-year increase in its profits for the first quarter of 2019. Net profits after zakat and tax recorded SAR 1.45 million in Q1-19, compared to SAR 1.33 million in Q1-18, …
The extension of the acquisition MoU has no financial impact.
15 May 12:07 PM Shams extends acquisition MoU for 60 days
Riyadh – Mubasher: Tourism Enterprise Company (Shams) on Wednesday announced that it has extended a memorandum of understanding (MoU) to acquire of Saud Al-Madaj Group’s stake in three firms. Shams has extended the deal for an extra 60 days, the …
The hospitality company will pay SAR 25 million in dividends
13 May 01:47 PM Dur Hospitality nods SAR 0.25/shr dividends for H2-18
Riyadh – Mubasher: The ordinary general assembly of Dur Hospitality Company approved distributing cash dividends worth SAR 0.25 per share to the shareholders for the second half of 2018 during a meeting held on Sunday, 12 May. The hospitality …
Al Otaibi replaces Bader Al-Bader
13 May 01:19 PM Dur Hospitality names Sultan Al Otaibi as new CEO
Riyadh – Mubasher: Dur Hospitality Company on Monday revealed that the company’s board has approved the appointment of Sultan Al Otaibi as the new CEO. The decision will become effective starting from 1 July, the company said in a statement to the …
Leejam's board appointed Ali Hamad Alsagri as new chairman
13 May 12:53 PM Leejam Sports names new chairman, MD
Riyadh – Mubasher: The board of directors of Leejam Sports Company (Fitness Time) appointed Ali Hamad Alsagri as the non-executive chairman of the company during a meeting held on Sunday, 12 May. It also appointed Hamad Ali Al-Sagri as the …
Dividends will be distributed on Wednesday, 12 June
13 May 12:40 PM Leejam Sports to pay SAR 0.4/shr dividends for Q1
Riyadh – Mubasher: Leejam Sports Company’s (Fitness Time) board approved distributing cash dividends to the shareholders worth SAR 0.40 per share, representing 4.02% of the share’s nominal value, for the first quarter of 2019 during its meeting …
Net losses after zakat and tax amounted to SAR 32.06 million in Q1-19
7 May 11:18 AM Al Hokair incurs SAR 32m losses in Q1
Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development (Al Hokair) posted a 326.3% year-on-year increase in its losses for the first quarter of 2019. Net losses after zakat and tax amounted to SAR 32.06 million in Q1-19, against …
Makarim Al Maarifa owns assets worth SAR 55 million
5 May 01:49 PM KEC acquires Dur’s stake in Makarim Al Maarifa for SAR 27m
Riyadh – Mubasher: Knowledge Economic City (KEC) on Sunday announced signing an agreement with Dur Hospitality Company to acquire all the shares of Makarim Al Maarifa for Hospitality Co., equally owned by both companies. Under the deal, KEC will …
The Saudi firm will provide marketing services to NHC
2 May 05:41 PM Al Khaleej Training wins SAR 19m marketing services contract
Riyadh – Mubasher: Al Khaleej Training and Education Company has won a marketing services contract from the National Housing Company (NHC). Under the contract, the Saudi firm will provide marketing and sales services to NHC’s housing programme, …
Herfy Food’s revenues rose by 9.5% to SAR 313 million
1 May 01:36 PM Al Rajhi Capital raises Herfy Food’s PT to SAR 67/shr
Riyadh – Mubasher: Al Rajhi Capital has upgraded the price target (PT) for Herfy Food Services’ stock to SAR 67 from SAR 56 with ‘overweight’ recommendation. The Saudi food provider’s anticipated dividend yield of 4% for the fiscal year 2019 is …
The food provider’s profits grew 9.47% in Q4-18
1 May 12:34 PM Herfy Food to distribute SAR 1.1/shr dividends on 13 May
Riyadh – Mubasher: Herfy Food Services Co on Wednesday announced that the company’s shareholders had approved distributing a cash dividend of SAR 1.1 per share for the second half of 2018 during an ordinary general meeting (OGM) held the previous …
Herfy Food Services reported a 0.7% growth in profits during Q1-19
29 April 04:53 PM Herfy Food logs SAR 48m profits in Q1
Riyadh – Mubasher: Herfy Food Services Co registered a slight rise of 0.7% in profits to SAR 48.06 million in the first quarter of 2019 from SAR 47.75 million during Q1-18, according to a bourse filing on Monday. The food provider attributed the …
The travel group’s capital will be raised by 43%
15 April 05:24 PM Saudi Al Tayyar Travel to rebrand as Seera Holding
Riyadh – Mubasher: Al Tayyar Travel Group Holding Co on Monday announced that its shareholders had approved changing the company’s name to Seera Holding Group during an extraordinary general meeting (EGM) held the previous day, according to a …
The travel group’s capital will be increased to SAR 3 billion
15 April 10:28 AM Al Tayyar Travel’s EGM nods to 43% capital raise
Riyadh – Mubasher: Al Tayyar Travel Group Holding Co on Monday announced that its shareholders had approved raising the company’s capital by 43% through a two-for-five bonus share issue during an extraordinary general meeting (EGM) held the …
DWR will increase its capital to SAR 25 million
10 April 04:48 PM DWF’s board proposes 100% capital hike
Riyadh – Mubasher: Development Works Food Company’s (DWF) board of directors has recommended a capital increase of 100% by issuing bonus shares. The company will increase its capital to SAR 25 million from SAR 12.5 million, subject to the approval …
Al Tayyar Travel owned 14.7% stake in Careem
3 April 12:23 PM Al Tayyar Travel's Careem stake carries zero book value in FY18
Riyadh – Mubasher: Al Tayyar Travel Group Holding Co on Wednesday announced that the book value of its 14.7% stake in Careem is zero in its financial results for the fiscal year ended 31 December 2018, according to a statement to the Saudi Stock …
The financial impact of the opening of these centres will be shown as of the second quarter of 2019
31 March 10:30 AM Saudi Fitness Time opens SAR 18m branches in Jeddah
Riyadh – Mubasher: Leejam Sports Co (Fitness Time) on Sunday announced the opening of two new centres in the Saudi city of Jeddah. Spanning 6,690 square metres, the branches were built with SAR 18.4 million in investments, the company said in a …