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30 September 12:57 AM

Sector News

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29 September 10:56 AM Shmoh Almadi inks $509,000 deal with Chinese company
Riyadh - Mubasher: Shmoh Almadi Company signed a $509,000 contract with China-based Foshan International Trade Company on 25 September. The agreement aims to supply and install an automated production line for filling and packaging Maamoul and …
Companies Investments
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25 September 07:25 PM Tanmiah’s ADC increases SAB Murabaha facility to SAR 310 million
Riyadh - Mubasher: Agricultural Development Company (ADC), a unit of Tanmiah Food Company, has raised its revolving Murabaha facility with Saudi Awwal Bank (SAB) to SAR 310 million from SAR 130 million. Valid for one year, the facility is secured …
Companies Investments
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18 September 09:56 AM First Mills to acquire majority stake in Kenan Arabian for SAR 48m
Riyadh - Mubasher: First Milling Company (First Mills) signed a binding agreement to acquire 60% of Kenan Arabian Trading Company for SAR 48 million on 15 September. Subject to regulatory approvals and customary conditions, the transaction covers …
Companies Investments
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4 September 11:55 AM Naqi Water, MEMCO sign EUR 900,000 deal
Riyadh — Mubasher: Naqi Water Company penned a deal with Middle East Factory for Machines Company Limited (MEMCO) at an amount of EUR 900,000, according to a bourse filing. Signed on 2 September, the agreement covers the supply and installation of …
Companies Investments
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3 September 11:07 AM Hilwa names new Chairman, Vice Chairman
Riyadh – Mubasher: Aljouf Mineral Water Bottling Company (Hilwa) announced Ashry bin Saad bin Muzail Al Ashry as the board’s Chairman for the coming four years, according to a bourse filing. Fahd bin Mohammed bin Ibrahim Al Habdan was named as the …
Board of Directors
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31 August 12:48 PM NAF signs SAR 62m contract with Riyada Tarteta Poultry
Riyadh - Mubasher: NAF for Feed for Industry Company has inked a SAR 62 million supply deal with Riyada Tareta Poultry Company for the provision of poultry feed. The contract value represents about 38%of NAF’s total revenue for 2024, according to …
Companies Investments
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24 August 07:25 AM Saudi Fisheries to develop fully-owned subsidiary
Riyadh – Mubasher: The board members of Saudi Fisheries Company agreed to establish a limited liability firm headquartered in Al Qassim with a capital of SAR 100,000. This move comes in line with the company's strategy to restructure its …
Companies Investments
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7 August 01:47 PM Savola Group’s profits shrink 39% in H1-25; higher revenues reported
Riyadh – Mubasher: The net profit of Savola Group amounted to SAR 294.86 million in the first half (H1) of 2025, down 39.09% year-on-year (YoY) from SAR 484.10 million, according to the financial results. Revenues soared by 11.25% to SAR 13.65 …
Financial Results
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6 August 12:18 PM Sinad Holding registers 56% lower net losses in H1-25
Riyadh - Mubasher: Sinad Holding Company incurred net losses worth SAR 5.80 million in the first half (H1) of 2025, marking a 55.72% plunge from SAR 13.10 million in H1-24. The revenues declined by 3.55% to SAR 822.80 million as of 30 June 2025 …
Financial Results
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27 July 06:28 PM Nadec’s profits cross SAR 218.5m in H1-25; sales up 12%
Riyadh – Mubasher: National Agricultural Development Company (Nadec) recorded an annual rise of 2.56% in net profit to SAR 218.68 million during the first half (H1) of 2025, versus SAR 213.21 million. Nadec reported sales amounting to SAR 1.84 …
Financial Results
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6 July 08:02 PM Nadec’s unit launches SAR 2bn livestock project to boost local meat production
Riyadh - Mubasher: Al-Ra’i National Livestock Company, a subsidiary of the National Agricultural Development Company (Nadec), launched a SAR 2 billion project in the Hail region. The intensive livestock farming and meat production project includes …
Companies Investments
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6 July 08:51 AM Almarai sees 5% higher profits in H1-25; sales exceed SAR 11bn
Riyadh – Mubasher: Almarai Company logged net profits amounting to SAR 1.37 billion in the first half (H1) of 2025, an annual growth of 5.04% from SAR 1.31 billion. The revenue climbed by 4.16% year-on-year (YoY) to SAR 11.05 billion in H1-25 from …
Financial Results
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30 June 04:36 PM Zain KSA, Horizon Food name new CEOs
Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) appointed Saad bin Abdulrahman Al Sadhan as its CEO as of 1 July 2025, according to a bourse filing. The appointment follows a board resolution issued on 29 June, which …
Board of Directors
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24 June 05:28 PM TADCO submits 53% capital reduction request to CMA
Riyadh - Mubasher: Tabuk Agricultural Development Company (TADCO) has submitted an application to the Capital Market Authority (CMA) for approval to reduce its capital by 52.94%. The request, submitted on 23 June 2025, follows the board’s …
Management Decisions
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22 June 12:49 PM First Milling inks SAR 69.5m financing deal with SIDF
Riyadh - Mubasher: First Mills Company has signed a SAR 69.40 million financing facility agreement with the Saudi Industrial Development Fund (SIDF), according to a bourse filing. The funding aims to support the company's capital expenditure for …
Banking and Finance
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16 June 06:53 PM TADCO, SEC ink agreement for power transmission station
Riyadh - Mubasher: Tabuk Agricultural Development Company (TADCO) has signed an agreement with the National Electricity Transmission Company, a subsidiary of the Saudi Electricity Company. Under the agreement, which is valid until 31 December 2026 …
Companies Investments
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16 June 07:36 AM Almarai to acquire Pure Beverages in SAR 1bn deal
Riyadh – Mubasher: Almarai Company penned a share purchase agreement to fully acquire Pure Beverages Industry Company in exchange for SAR 1.04 billion, according to a bourse filing. The transaction supports the Saudi multinational dairy company’s …
Companies Investments
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21 May 09:38 AM Sinad Holding extends, raises facility deal with SAIB
Riyadh – Mubasher: Sinad Holding Company renewed and increased its Sharia-compliant banking facilities agreement with the Saudi Investment Bank (SAIB) at a value of SAR 400 million. Sinad Holding renewed its existing short-term facilities of SAR …
Companies Investments
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21 May 08:42 AM Almarai’s subsidiary Beyti drives sustainability via EGP 1.8bn loan from HSBC Bank
Mubasher: Beyti, an Almarai Company subsidiary, has secured a sustainable linked loan agreement amounting to EGP 1.80 billion from HSBC Bank, according to a press release. The loan aligns with Beyti’s commitment to driving sustainability, reducing …
Companies Investments
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18 May 04:38 PM GACO suffers higher net losses at SAR 3.5m in Q1-25
Riyadh - Mubasher: Al Gassim Investment Holding Company (GACO) incurred net losses worth SAR 3.48 million in the first quarter (Q1) of 2025, marking an annual increase of 98.36% from SAR 1.75 million. The revenues declined by 7.69% year-on-year …
Financial Results
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12 May 11:57 AM Sinad Holding’s losses shrink to SAR 3m in Q1-25
Riyadh – Mubasher: Sinad Holding Company suffered 80.71% lower net losses at SAR 2.70 million in the first quarter (Q1) of 2025, compared to SAR 14 million. The company’s revenues dropped by 7.49% to SAR 412.10 million in Q1-25 from SAR 445.50 …
Financial Results
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7 May 02:19 PM Savola Group logs lower profits at SAR 189m in Q1-25
Riyadh – Mubasher: Savola Group posted 45.75% lower net profits at SAR 189.16 million in the first quarter (Q1) of 2025, compared with SAR 348.71 million in Q1-24. Revenues stood at SAR 7.59 billion in the first three months (3M) of 2025, up 6.29% …
Financial Results
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1 May 01:19 PM Fourth Milling’s profits up 8.5% in Q1-25
Riyadh – Mubasher: Fourth Milling Company logged 8.38% higher net profits at SAR 52.69 million in the first quarter (Q1) of 2025, compared to SAR 48.61 million in Q1-24. The Saudi firm posted an annual growth of 2.77% in revenue to SAR 170.14 …
Financial Results
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24 April 09:30 AM First Mills records 2.5% higher profits in Q1-25
Riyadh – Mubasher:  First Milling Company (First Mills) achieved 2.49% higher net profits at SAR 79.66 million in the first quarter (Q1) of 2025, compared to SAR 77.72 million. The revenues increased by 2.58% year-on-year (YoY) to SAR 283.59 …
Financial Results
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22 April 09:56 AM First Mills secures SAR 630m loan from SAB
Riyadh – Mubasher:  First Milling Company (First Mills) penned a long-term sharia-compliant bank facility agreement worth SAR 630 million with the Saudi Awwal Bank (SAB) on 20 April 2025. First Mills will use the loan to support its commercial and …
Banking and Finance