Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) inked a new long-term agreement with Saudi Oil Company (Aramco) for the supply of feedstock and the sale of by-products at its Jeddah facility. The contract, which replaces a previous …
Riyadh — Mubasher: Arabian Drilling signed a five-year contract valued at approximately SAR 3 billion with SLB Middle East. Under the terms of the agreement, the company will provide 11 land rigs to support integrated gas drilling operations. The …
Riyadh — Mubasher: The Saudi Exchange (Tadawul) has announced the approval of SNB Capital to conduct market making activities for the MT30 Index futures (SF30) and single stock futures (SSF), according to a statement on 26 August 2026. The mandate …
Riyadh — Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced the resignation of its President and CEO, Othman bin Ali Al Ghamdi, as of 31 August 2026. Al Ghamdi stepped down due to personal circumstances but will continue …
Riyadh — Mubasher: Saudi Arabian Refineries Company announced that Advanced Industrial Supplies Company, known as Lawazim Industrial Company, secured a subcontract project valued at SAR 12.87 million with Saudi Binladin Group. The sub-agreement is …
Riyadh — Mubasher: Saudi Arabian Refineries Company (SARCO) announced that its affiliate, Raya Al Tajdeed Contracting, has secured a construction contract in Riyadh valued at an estimated SAR 100 million. Raya Al Tajdeed, in which SARCO maintains …
Riyadh — Mubasher: Arabian Drilling has signed a contract with Masirah Oil Limited and Northern Offshore Limited to expand its regional operations into Oman. The agreement, signed on 17 August 2026, covers the drilling of two confirmed wells and …
Riyadh — Mubasher: Arabian Drilling has signed a new offshore drilling contract valued at approximately SAR 250 million with a client in the GCC region. The agreement marks the company’s expansion into a new geographical market within the GCC, …
Riyadh — Mubasher: Saudi Arabian Refineries Company (SARCO) announced that its board of directors approved the resignation of Audit Committee Chairman Abdulaziz bin Abdulmohsen Al Bakr on 12 August 2026. Al Bakr, who had served on the committee …
Riyadh — Mubasher: Arabian Drilling announced that it has received notification to resume operations for all remaining offshore drilling rigs that were previously suspended. The company, which is the largest drilling contractor in Saudi Arabia by …
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced a net loss of SAR 10.70 million for the second quarter (Q2) of 2026, representing a 58.51% improvement compared to SAR 25.80 million recorded during the same period last year. …
Riyadh - Mubasher: ADES Holding Company received official notices to resume operations for all of its offshore rigs that were previously subject to temporary suspensions in Saudi Arabia. The company stated that the resumption reflects the …
Riyadh – Mubasher: The board of Saudi Arabian Refineries Company (SARCO) approved the appointment of Adel Mamdouh Gaafar as a member of the audit committee during a meeting held on 11 August 2026. Gaafar joins the committee as an external member, …
Riyadh - Mubasher: The board of ADES Holding Company has approved the distribution of SAR 220.83 million in interim cash dividends to shareholders for the first half (H1) of 2026. The payout is equivalent to SAR 0.20 per share, representing 20% of …
Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) announced the extension of its utility services sale agreement with Saudi Oil Company (Aramco), which includes the land lease for the company’s facility in Jeddah. The extension, signed on …
Riyadh - Mubasher: ADES Holding Company logged a net profit of SAR 364.97 million for the first half (H1) of 2026, representing a 4.65% decrease from the SAR 382.76 million in H1-25. The company’s revenue for the six-month period climbed by 49.04% …
Riyadh – Mubasher: Arabian Drilling incurred net losses valued at SAR 31.50 million for the second quarter (Q2) of 2026, compared to a net profit of SAR 7.50 million during the same period in 2025. The company attributed the downturn to a decline …
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced the expiration of a non-binding memorandum of understanding (MoU) previously signed with AGR Renewable Energy. The agreement, which was originally disclosed on 5 February 2026, …
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) signed a five-year framework agreement with Saudi Arabian Oil Company (Aramco) for the provision of data center leasing services. The contract includes an option for a two-year …
Riyadh – Mubasher: The board of Saudi Arabian Oil Company (Aramco) has approved a base dividend distribution totaling SAR 82.06 billion for the second quarter (Q2) of 2026. The payout, which aligns with the company’s policy of providing …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) logged net profits totaling SAR 121.51 billion for the second quarter (Q2) of 2026, an annual hike of 41.90% from SAR 85.63 billion. The oil giant attributed the growth primarily to higher …
Riyadh – Mubasher: Almar Water Solutions has been awarded the expansion of the Zuluf Water Treatment Project by Saudi Arabian Oil Company (Aramco), according to a recent press release. The project is expected to reach financial close subject to …
Riyadh — Mubasher: The National Shipping Company of Saudi Arabia, known as Bahri, reported a net profit of SAR 2.75 billion during the second quarter (Q2) of 2026, representing a 574.15% jump from SAR 407.45 million in Q2-25. Revenue for Q2-26 …
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) generated a net profit of SAR 4.13 billion for the first half (H1) of 2026, reversing a net loss of SAR 2.06 billion recorded during the same period in 2025. The company …
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced a follow-up regarding the acquisition of an 85% ownership stake in Lawazim Advanced Industries by its subsidiary, Masafi Ventures Holding. The transaction, funded through the …
