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14 January 03:36 PM

Sector News

Photo Archive
27 October 2025 02:19 PM Al Majed for Oud strengthens regional footprint via branch in ADGM
Riyadh - Mubasher: The board of Al Majed for Oud Company has approved the establishment of a branch in the Abu Dhabi Global Market (ADGM) to reinforce its regional presence, according to a bourse disclosure. Al Majed for Oud will adhere to the …
Global Economy
Photo Archive
20 October 2025 08:10 AM Al Majed for Oud activates SAR 200m financing deal
Riyadh - Mubasher: Al Majed for Oud Company activated a SAR 200 million Shariah-compliant bank facility agreement with Al Rajhi Banking and Investment Corporation on 16 October. The funds aim to support the company’s operational activities and …
Companies Investments
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16 October 2025 06:50 AM iOud to acquire Thanna Trading in exchange for SAR 59.5m
Riyadh - Mubasher: Intelligent Oud Company for Trading (iOud) signed a final acquisition agreement on 15 October with Thannah Trading Company to acquire 100% of its shares, valued at SAR 59.47 million. The deal will be executed through a capital …
Mergers and Acquisitions
Photo Archive
11 March 2025 03:59 PM Al Majed Oud’s net profit nears SAR 157m in 2024; dividends recommended
Riyadh – Mubasher: Al Majed Oud Company recorded a 5.57% increase in net profit to SAR 156.95 million in 2024 from SAR 148.67 million a year earlier. The revenues grew by 19.88% year-on-year (YoY) to SAR 926 million as of 31 December 2024, …
Financial Results