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25 April 10:09 PM

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31 March 03:52 PM Al Arabia inks 15-year agreement with Umm Al Qura Development
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) signed an advertising concession agreement with Umm Al Qura Development and Construction Company for the installation and operation of the billboards within the Masar master plan …
Companies Investments
Photo Archive
31 March 11:51 AM Al Arabia logs over SAR 318m profits in 2023
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) posted net profits of SAR 318.23 million in 2023, an annual leap of 15.85% compared to SAR 274.70 million. Revenues amounted to SAR 1.27 billion last year, versus SAR 1.12 billion …
Financial Results
Photo Archive
28 March 01:01 PM SRMG’s net profit declines 14% YoY in 2023
Riyadh – Mubasher: The net profit of Saudi Research and Media Group (SRMG) shrank 13.74% year-on-year (YoY) to SAR 559.62 million in 2023 from SAR 648.79 million a year earlier. Revenues inched higher by 0.98% YoY to SAR 3.74 billion last year …
Financial Results
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27 March 11:23 AM MBC Group logs 45% YoY higher net income in 2023
Riyadh – Mubasher: MBC Group posted a 44.80% year-on-year (YoY) surge in group net income to SAR 69 million in 2023 from SAR 48 million. The group total revenue grew 6.20% YoY to SAR 3.70 billion last year from SAR 3.48 billion, according to a …
Financial Results
Photo Archive
15 February 03:35 PM Tihama’s net losses soar 54% YoY in 9M-23/24; accumulated losses unveiled
Riyadh – Mubasher: Tihama Advertising and Public Relations Company has reported a 53.80% surge in net loss during the first nine months (9M) of the fiscal year (FY) 2023/2024, recording SAR 32.30 million when compared to SAR 21 million in …
Financial Results
Photo Archive
16 January 11:32 AM Al Arabia awards AED 523m billboard contract in Dubai
Riyadh - Mubasher: Arabian Contracting Services Company (Al Arabia) awarded Al Arabia OOH Digital Company a project contract at a value of AED 522.83 million (SAR 533.85 million) on 15 January 2024. The deal covers installing, operating, and …
Companies Investments
Photo Archive
13 December 2023 08:48 PM Tihama’s net losses widen 55%, revenues down 20.5% in H1-23/24; accumulated losses unveiled
  Riyadh – Mubasher: Tihama Advertising and Public Relations Company posted net losses after Zakat and tax of SAR 18.10 million in the first half (H1) of the fiscal year (FY) 2023/2024. The net losses widened by 54.70% year-on-year (YoY) in …
Financial Results
Photo Archive
23 November 2023 04:52 PM Al Arabia acquires Faden Media for over SAR 1bn
Riyadh - Mubasher: Arabian Contracting Services Company (Al Arabia) recently announced completing the 100% equity acquisition of Faden Media for a total value of SAR 1.05 billion. Al Arabia is currently working to meet the conditions set by the …
Mergers and Acquisitions
Photo Archive
13 November 2023 11:29 AM Al Arabia’s net profits soar 23% in 9M-23
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) posted net profits of SAR 238.79 million in the first nine months (9M) of 2023, a jump of 23.36% compared to SAR 193.57 million in 9M-22. The company’s revenues increased by …
Financial Results
Photo Archive
8 November 2023 05:07 PM SRMG’s net profit exceeds SAR 551m in 9M-23
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) achieved a net profit after Zakat and tax of SAR 551.50 million in the first nine months (9M) of 2023, up by 4.49% from SAR 527.80 million in the same period of 2022. The earnings per share …
Financial Results
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16 October 2023 11:43 AM Al Arabia obtains loans from 3 Saudi lenders
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) has secured a long-term Murabaha facilities agreement at a combined value of SAR 1.05 million, according to a bourse filing. Al Arabia obtained SAR 350 million from Banque Saudi …
Market News
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3 October 2023 03:38 PM Al Arabia signs billboard contract for Egypt's North Coast
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) signed a one-year licensing contract on 21 September 2023, through its arm Arabiya United for Advertising Service, to install and operate billboards in Alamein City on the North …
Companies Investments
Photo Archive
21 August 2023 11:13 AM Al Arabia obtains regulatory nod for SAR 1bn acquisition deal
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) has received conditional approval from the General Authority for Competition to fully acquire Faden Media for SAR 1.05 billion. Al Arabia highlighted that the transaction is …
Companies Investments
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13 August 2023 03:49 PM Al Arabia sees 38% higher net profits in H1-23
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) generated SAR 175.86 million in net profit after Zakat and tax during the first half (H1) of 2023, marking a 37.73% jump from SAR 127.68 million in H1-22. Revenues amounted to SAR …
Financial Results
Photo Archive
3 August 2023 09:56 AM Saudi Research and Media Group’s profits up in H1-23
Riyadh – Mubasher: Saudi Research and Media Group registered SAR 302.60 million in net profit after Zakat and tax during the first half (H1) of 2023, marking a 7.61% growth from SAR 281.20 million in H1-22. In the six-month period that ended on 30 …
Financial Results
Photo Archive
2 July 2023 07:22 PM Tihama seals merger agreement to establish Bahrain-based group
Riyadh – Mubasher: Tihama Advertising and Public Relations Company has completed the merger of the J. Walter Thompson MENA business with the Wunderman MENA business on 23 June 2023, according to a bourse filing. The merger aims to create Wunderman …
Mergers and Acquisitions
Photo Archive
8 June 2023 09:15 AM Al Arabia awarded contract to install billboards in Eastern Province
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) won a bid to establish, operate, maintain, and install billboards in Dammam Metropolitan for 10 years, according to a bourse disclosure. A total of 1,007 varied billboards will be …
Companies Investments
Photo Archive
24 May 2023 00:38 PM Al Arabia’s net profits near SAR 91m in Q1-23
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) registered net profits after Zakat and tax amounting to SAR 90.82 million in the first quarter (Q1) of 2023, an annual jump of 39.96% from SAR 64.89 million. Revenues climbed by …
Financial Results
Photo Archive
22 May 2023 10:27 AM Al Arabia unveils SAR 20m cash dividends for H2-22
Riyadh – Mubasher: The board members of Arabian Contracting Services Company (Al Arabia) proposed cash dividends worth SAR 20 million, representing 4% of the capital, for the second half (H2) of 2022. The Saudi firm would pay out a dividend of SAR …
Cash Dividends
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21 May 2023 02:59 PM Saudi Research and Media Group logs SAR 121m profits in Q1-23
Riyadh – Mubasher: Saudi Research and Media Group achieved net profits after Zakat and tax amounting to SAR 121 million in the first quarter (Q1) of 2023, an annual rise of 7.55% from SAR 112.50 million. Revenues climbed by 12.50% to SAR 884.60 …
Financial Results
Photo Archive
28 March 2023 11:51 AM Al Arabia announces new key appointments
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) named Abdelelah Abdulrahman Saleh Alkhereiji as the new Chairman of the board for the next three years. The Saudi firm also appointed Mohamed Abdelelah Abdulrahman Alkhereiji as …
Management Decisions
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28 March 2023 11:40 AM Saudi Research registers 21% surge in 2022 net profits
Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Research and Media Group jumped by 20.82% to SAR 648.80 million in 2022, compared to SAR 537 million in 2021. According to the annual financial results, the revenues hit SAR 3.70 …
Financial Results
Photo Archive
20 March 2023 00:06 PM Al Arabia’s profits surge 33% in 2022 results
Riyadh – Mubasher: The net profits after Zakat and tax of Arabian Contracting Services Company (Al Arabia) reached SAR 274.70 million in 2022, up 33.19% year-on-year (YoY) from SAR 206.24 million. Revenues amounted to SAR 1.12 billion last year, a …
Financial Results
Photo Archive
1 January 2023 04:00 PM Due diligence for Al Arabia’s deal in Egypt near completion
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) unveiled that the due diligence process as well as the study aspects of cooperation between the involved parties for its project in Egypt are at the final stages to reach an …
Companies Investments
Photo Archive
8 November 2022 05:57 PM Al Arabia’s profits jump to SAR 193.5m in 9M-22 initial results
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) generated SAR 193.57 million net profit after Zakat and tax during the first nine months (9M) of 2022, higher by 42.70% than SAR 135.65 million in 9M-21. The revenues enlarged by …
Financial Results