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31 January 02:40 AM

Sector News

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18 January 06:16 PM Al Arabia secures SAR 120.5m advertising contract for 18 Saudi airports
Riyadh - Mubasher: Arabian Contracting Services Company (Al Arabia) won a bid from Cluster 2 Airports Company for a 10-year advertising contract across 18 airports in Saudi Arabia. The project carries a value of SAR 120.48 million as a minimum …
Companies Investments
Photo Archive
14 January 12:47 PM Al Arabia boosts regional expansion via AED 53m deal with Majid Al Futtaim
Riyadh – Mubasher: UAE-based company Al Arabia Out of Home Digital Company inked three contracts valued at AED 53.01 million (SAR 54.13 million) with Majid Al Futtaim Properties Company. Under the deals, the subsidiary of Arabian Contracting …
Global Economy
Photo Archive
11 December 2025 01:52 PM Al Arabia unveils SAR 179m project award with Tibah Airports Operation
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) won a bid from Tibah Airports Operation Company Limited for the advertising opportunity at the Prince Mohammad bin Abdulaziz Airport (PMIA) in Madinah on 10 December. The …
Companies Investments
Photo Archive
12 November 2025 05:36 PM Al Arabia’s revenues surge 19.5% in 9M-25
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) suffered net losses amounting to SAR 326.75 million in the first nine months (9M) of 2025. The negative performance was against net profits valued at SAR 192.45 million in 9M-24, …
Financial Results
Photo Archive
10 November 2025 01:57 PM MBC Group records higher profits in 9M-25; revenues cross SAR 3.8bn
Riyadh - Mubasher: MBC Group posted 70.75% year-on-year (YoY) higher net profits at SAR 427.76 million in the first nine months (9M) of 2025, compared to SAR 250.51 million. The earnings per share (EPS) climbed to SAR 1.21 as of 30 September 2025 …
Financial Results
Saudi Research and Media Group (SRMG)
9 November 2025 11:21 AM SRMG turns to net losses in Q3, 9M-25
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) witnessed a shift to net losses at SAR 9.23 million in the first nine months (9M) of 2025, versus net profits amounting to SAR 316.74 million in 9M-24. The loss per share stood at SAR 0.12 …
Financial Results
Photo Archive
16 October 2025 06:46 AM CMA greenlights Tihama Advertising’s capital cut
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Tihama Advertising and Public Relations Company to reduce its capital to SAR 229.21 million from SAR 400 million. Following the transaction, the number of shares will …
Companies Investments
Photo Archive
30 September 2025 10:31 AM Al Arabia’s Faden Media awarded SAR 68m project contract
Riyadh - Mubasher: Faden Media Company, a subsidiary of Arabian Contracting Services Company (Al Arabia), was awarded a SAR 68.25 million contract on 28 September. The agreement has been secured by Al Balad Al Ameen Company, the investment arm of …
Companies Investments
Photo Archive
18 September 2025 04:11 PM PIF acquires 54% in MBC Group for SAR 7.4bn
Riyadh - Mubasher: Istedamah Holding Company, one of the substantial shareholders in MBC Group, sold its 54% stake in the media group to the Public Investment Fund (PIF), according to a bourse filing. Under the deal, the fund acquired 179.55 …
Companies Investments
Photo Gallery
25 August 2025 02:43 PM Diriyah pens MoU with SRMG to boost media collaboration, fosters global presence
Riyadh - Mubasher: Diriyah Company, owned by the Public Investment Fund (PIF), has signed a strategic memorandum of understanding (MoU) with the Saudi Research and Media Group (SRMG). The agreement aims to expand media collaboration and support …
Companies Investments
Photo Archive
13 August 2025 06:47 PM Al Arabia turns to SAR 108.5m losses in H1-25
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) shifted to net losses valued at SAR 108.45 million in the first half (H1) of 2025, against net profits of SAR 148.14 million in H1-24. Revenues stood at SAR 974.04 million in …
Financial Results
Photo Archive
11 August 2025 00:23 PM MBC Group’s net profits leap 41% in H1-25; revenues hit SAR 3bn
Riyadh - Mubasher: MBC Group recorded net profits amounting to SAR 335.43 million in the first half (H1) of 2025, higher by 41.07% year-on-year (YoY) than SAR 237.77 million. The group posted revenues valued at SAR 3.03 billion as of 30 June 2025, …
Financial Results
Photo Archive
11 August 2025 07:48 AM SRMG’s revenues surpass SAR 1.3bn in H1-25; profits shrink 87.5%
Riyadh – Mubasher: The net profits of Saudi Research and Media Group (SRMG) amounted to SAR 21.19 million in the first half (H1) of 2025, lower by 87.40% year-on-year (YoY) than SAR 168.28 million. The revenues experienced an annual decline of …
Financial Results
Photo Archive
16 June 2025 09:07 AM Time Entertainment to commence trading on Nomu mid-week
Riyadh – Mubasher: Time Entertainment Company is set to begin floating its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Tuesday, 17 June 2025. 9642 The Saudi firm will trade 200,000 shares, representing 20% of its share …
Trading Activities
Photo Archive
18 May 2025 04:37 PM Al Arabia’s net profits exceed SAR 48m in Q1-25
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) recorded SAR 48.22 million in net profit during the first quarter (Q1) of 2025, an annual plunge of 52.16% from SAR 100.82 million. The revenues witnessed an annual growth of …
Financial Results
Photo Archive
11 May 2025 11:56 AM MBC Group achieves SAR 263.5m profits amid solid revenue growth in Q1-25
Riyadh - Mubasher: MBC Group generated 117.27% year-on-year (YoY) higher net profits at SAR 263.51 million in the first quarter (Q1) of 2025, compared to SAR 121.28 million. Earnings per share (EPS) increased to SAR 0.70 in Q1-25 from SAR 0.33 in …
Financial Results
Photo Archive
29 April 2025 01:59 PM Al Arabia’s net profits fall 15% in 2024
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) logged 14.75% lower net profits at SAR 271.28 million as of 31 December 2024, compared to SAR 318.23 million in 2023. The revenues hiked by 31.72% year-on-year (YoY) to SAR 1.68 …
Financial Results
Photo Archive
14 April 2025 02:25 PM SRMG rolls out SAR 252m agreement
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) inked SAR 252 million with Taoq Public Relations Company on 14 April, according to a bourse filing. The three-year agreement covers providing operational services for multiple media …
Companies Investments
Photo Archive
8 April 2025 04:02 PM MENA-focused SRMG launches venture SRMG Media Solutions
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has launched SRMG Media Solutions (SMS), a next-generation, data-driven media solutions company. The newly launched venture is designed to deliver innovative and results-focused advertising …
Global Economy
Photo Archive
8 April 2025 02:14 PM MBC Group’s CEO resigns; Sneesby succeeds
Riyadh - Mubasher: Samuel James Kilion Barnett resigned from his position as the CEO of MBC Group, effective on 30 April 2025. The board appointed Michael John Sneesby as the new CEO, taking over his role on 1 May, according to a bourse statement. …
Management Decisions
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6 April 2025 10:22 AM Al Arabia, Multiply Group to derive global expansion in advertising sector
Mubasher: Arabian Contracting Services Company (Al Arabia) and Multiply Group's media vertical teamed up to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. The 90-day memorandum of understanding (MoU) will …
Global Economy
Photo Archive
27 March 2025 05:45 PM SRMG registers 64% plunge in net profit during 2024
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) recorded 63.96% year-on-year (YoY) lower net profits at SAR 201.69 million in 2024, compared to SAR 559.62 million. Likewise, the revenues dropped by 12.89% to SAR 3.26 billion at the end of …
Financial Results
Photo Archive
27 March 2025 03:19 PM MBC Group’s profits leap 2,327% in 2024
Riyadh - Mubasher: MBC Group logged net profits amounting to SAR 426.13 million in 2024, higher by 2,327% year-on-year (YoY) than SAR 17.55 million. The revenues hiked by 145.11% to SAR 4.19 billion last year from SAR 1.71 billion in 2023, …
Financial Results
Photo Archive
6 March 2025 04:05 PM Tihama incurs lower net losses in 9M-24/25; accumulated losses near 43.5% of capital
Riyadh – Mubasher: The net loss of Tihama Advertising and Public Relations Company declined by 54.89% to SAR 14.57 million during the first nine months (9M) of fiscal year (FY) 2024/2025, compared to SAR 32.31 million in 9M-23/24. Meanwhile, the …
Financial Results
Photo Archive
3 February 2025 07:31 PM Al Arabia inks SAR 972m facility deal with SAB
Riyadh Mubasher: Arabian Contracting Services Company (Al Arabia) penned a long-term bank facility agreement valued at SAR 972 million with Saudi Awwal Bank (SAB) on 3 February. The company aims to refinance the acquisition loan to Faden Media to …
Banking and Finance