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31 January 03:48 PM

Sector News

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29 January 07:05 PM SARCO wins SAR 33m land auction via Enfead
Riyadh - Mubasher: Saudi Arabian Refineries Company (SARCO) has acquired a commercial land plot in Riyadh for SAR 33 million on 27 January 2026. SAECO won the auction, which was offered through the Mubasher Auctions platform (Enfead), according to …
Companies Investments
Photo Archive
22 January 08:13 PM Aramco offers dollar-denominated international bonds
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) has started offering its international bond issuance under its global medium-term note program, targeting institutional investors. The USD-denominated bonds will be direct, general, …
Companies Investments
Aramco's President and CEO Amin H. Nasser
20 January 02:36 PM Aramco’s annual capital expenditures reach $60bn – Nasser
Riyadh - Mubasher: Saudi Arabian Oil Company’s (Aramco) capital expenditures range between $50 billion and $60 billion annually, President and CEO Amin H. Nasser revealed. Nasser added that the value of Technology realized value (TRV) at Aramco …
Companies Investments
Bahri and Hadeed sign LOT
15 January 09:30 PM Bahri enhances national maritime transport ecosystem via collaboration with Hadeed
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) has signed a letter of intent (LOI) with Saudi Iron and Steel Company (Hadeed) to explore potential cooperation in maritime transport, according to a press release. While …
Companies Investments
Photo Archive
13 January 10:25 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
IPTC Summit
7 January 11:47 AM IPTC summit to kick off in Dubai; Saudi Aramco participates as sponsor
UAE - Mubasher: Dubai is set to host the IPTC Summit on AI for the Energy Industry during 13–14 January 2026 at the Conrad Hotel, gathering energy leaders, decision-makers, technologists, and experts. The event will discuss how AI is reshaping …
Event
Photo Archive
5 January 05:12 PM Saudi Ceramics,Yanbu Cement report Aramco notice on fuel price adjustments
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) has notified industrial companies, including Saudi Ceramic Company (Saudi Ceramics) and Yanbu Cement Company, of fuel price adjustments for operational and production use, effective 1 January …
Corporate Actions
Saudi Arabia's Riyadh
29 December 2025 06:08 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 …
Sector Reports
Photo Archive
16 December 2025 05:50 PM SARCO establishes new unit Clean Energy
Riyadh - Mubasher: Saudi Arabia Refineries Company (SARCO) has completed the issuance of the articles of association and commercial registration for its wholly owned subsidiary, Clean Energy Company. The limited liability single-member entity is …
Companies Investments
Photo Gallery
9 December 2025 10:10 AM ExxonMobil, Aramco, Samref join forces to upgrade Yanbu refinery
Riyadh - Mubasher: ExxonMobil, Saudi Arabian Oil Company (Aramco), and Samref have signed a venture framework agreement (VFA) to evaluate a significant upgrade of the Samref refinery in Yanbu. The three parties will join forces to expand the …
Global Economy
Photo Archive
1 December 2025 05:51 PM Scientific & Medical Equipment signs 3-year agreement with Saudi Aramco
Riyadh – Mubasher: Scientific & Medical Equipment House Company has entered into a 36-month project contract with Saudi Arabian Oil Company (Aramco) for Berri Gas Plant, according to a bourse disclosure. The two sides penned the agreement, which …
Companies Investments
Photo Archive
27 November 2025 06:06 PM ADES Holding’s unit secures SAR 236m contract for jackup rig in Brunei
Riyadh - Mubasher: ADES Holding Company has secured, through its wholly owned subsidiary Shelf Drilling, which was recently acquired, a new contract for the Compact Driller standard jackup with Brunei Shell Petroleum Sdn (BSP). Under the two-year …
Companies Investments
Photo Gallery
27 November 2025 07:47 AM Aramco to launch AI-focused office in Paris to expand global footprint
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco)plans to launch a new Aramco Ventures office in Paris, Executive Vice President of Technology and Innovation Ahmad Al Khowaiter announced. Al Khowaiter affirmed that the energy sector is vital …
Companies Investments
Photo Archive
26 November 2025 05:37 PM ADES Holding acquires Shelf Drilling to fuel global expansion
Riyadh - Mubasher: ADES Holding Company has acquired Shelf Drilling Limited through a cash merger, anchoring the Saudi group’s position as a global leader in offshore drilling. ADES Holding currently has a combined fleet of 83 offshore units and …
Global Economy
Photo Gallery
20 November 2025 00:57 PM Aramco inks agreements worth over $30bn with US-based companies
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco), through its Aramco Group Companies has signed 17 memoranda of understanding (MoUs) and agreements at an estimated total value exceeding $30 billion with major companies in the US, according to …
Companies Investments
Photo Archive
18 November 2025 09:07 AM Arabian Drilling renews 4 rig contracts with Aramco at SAR 2bn
Riyadh – Mubasher: Arabian Drilling secured four rig contract renewals with a total value exceeding SAR 2 billion and an additional 30 committed rig years to the company's active backlog. This brings the group’s total backlog to SAR 12.20 billion …
Companies Investments
Photo Archive
17 November 2025 00:58 PM Petro Rabigh’s accumulated losses decline to nearly 40% of capital as of October 2025
Riyadh - Mubasher: The accumulated losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) reached SAR 8.77 billion, equivalent to 39.94% of its SAR 21.97 billion capital, as of 31 October 2025. The accumulated losses shrank from 51.29% …
Financial Results
Ahmad O. Al Khowaiter, Aramco Executive Vice President of Technology and Innovation, at MECC
12 November 2025 02:53 PM Aramco unveils over $1bn MoU agreements during region’s MECC
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has announced 28 memoranda of understanding (MoUs) totaling more than $1 billion for proposed R&D collaborations in advanced materials and technologies, according to a press release. The …
Global Economy
Photo Archive
11 November 2025 09:44 AM Petro Rabigh suffers SAR 3.2bn net losses in 9M-25; quarterly revenues leap 133%
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) incurred net losses valued at SAR 3.29 billion in the first nine months (9M) of 2025, down 12.56% year-on-year (YoY) from SAR 3.76 billion. The loss per share stood at SAR …
Financial Results
Photo Archive
4 November 2025 09:38 AM Aramco delivers quarterly earnings growth; revenues exceed SAR 1.1trn in 9M-25
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) recorded net profits valued at SAR 283.58 billion in the first nine months (9M) of 2025, an annual drop of 9.87% from SAR 314.65 billion. The revenues declined by 5.92% year-on-year (YoY) to …
Financial Results
Photo Archive
3 November 2025 02:10 PM ADES Holding generates SAR 4.7bn revenues in 9M-25
Riyadh - Mubasher: ADES Holding Company logged net profits amounting to SAR 607.50 million in the first nine months (9M) of 2025, up 0.20% year-on-year (YoY) from SAR 606.25 million. The revenues climbed by 1.57% to SAR 4.70 billion as of 30 …
Financial Results
Photo Archived
2 November 2025 04:08 PM Arabian Drilling logs 71% lower profits in 9M-25; turns to losses in Q3
Riyadh - Mubasher: Arabian Drilling posted 70.82% lower net profits valued at SAR 73.30 million in the first nine months (9M) of 2025, compared with SAR 251.20 million in 9M-24. The revenues declined by 5.78% to SAR 2.60 billion in the …
Financial Results
Photo Archive
2 November 2025 00:19 PM ADES Holding resumes contracts in Saudi Arabia to meet global demands
Riyadh - Mubasher: ADES Holding Company has received resumption notices for one of its offshore contracts and several onshore contracts in Saudi Arabia. Expected to commence in January 2026, the offshore contract aims to meet its client’s needs, …
Companies Investments
Photo Archive
30 October 2025 09:56 AM Bahri achieves SAR 7bn revenues in 9M-25; profits up in Q3
Riyadh - Mubasher: National Shipping Company of Saudi Arabia (Bahri) generated net profits worth SAR 1.45 billion in the first nine months (9M) of 2025, lower by 14.24% than SAR 1.69 billion in 9M-24. Earnings per share (EPS) dropped to SAR 1.58 …
Financial Results
Photo Gallery
29 October 2025 10:30 AM Aramco eyes minority stake in PIF-owned HUMAIN to reinforce AI capabilities globally
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) signed a non-binding term sheet with the Saudi Public Investment Fund (PIF) to acquire a minority stake in HUMAIN, according to a press release. The oil giant aims to advance a full range of AI …
Global Economy