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28 January 11:33 PM

Sector News

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27 January 04:49 PM Tasnee’s SEPC obtains SAR 1.7bn financing from Bank Albilad
Riyadh - Mubasher: The Saudi Ethylene and Polyethylene Company (SEPC), a joint venture (JV) of Tasnee Sahara Olefins Company (TSOC), has secured Shariah-compliant long-term Murabaha financing of SAR 1.70 billion from Bank Albilad. The 12-year …
Banking and Finance
Photo Archive
27 January 03:03 PM SNB records SAR 25bn profits in 2025; financing agreement unveiled
Riyadh – Mubasher: The Saudi National Bank (SNB) logged net profits attributable to the shareholders valued at SAR 25.01 billion in 2025, an annual growth of 18.02% from SAR 21.19 billion. The earnings per share (EPS) amounted to SAR 4.04 in 2025, …
Banking and Finance
Photo Archive
22 January 05:36 PM East Pipes Integrated signs SAR 60m deal with AliShar Contracting
Riyadh – Mubasher: East Pipes Integrated Company for Industry inked a SAR 60 million deal with AliShar Contracting Company on 21 January 2026. The deal covers providing steel pipes for six months, according to a statement. The financial impact of …
Companies Investments
Photo Archive
20 January 06:17 PM Saudi Paper signs $40m financing agreement with Kuwait Finance House
Riyadh—Mubasher: Saudi Paper Manufacturing Company inked a credit facilities agreement with Kuwait Finance House (Bahrain) for an amount of $40 million on 19 January, according to a bourse filing. The loan includes a long-term facility, which will …
Banking and Finance
Photo Archive
8 January 07:21 PM SABIC exits assets in Europe for $950m
Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) inked two strategic transactions to divest its European Petrochemicals (EP) business to AEQUITA and its Engineering Thermoplastics (ETP) business in the Americas and Europe to MUTARES. …
Companies Investments
Photo Archive
5 January 05:12 PM Saudi Ceramics,Yanbu Cement report Aramco notice on fuel price adjustments
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) has notified industrial companies, including Saudi Ceramic Company (Saudi Ceramics) and Yanbu Cement Company, of fuel price adjustments for operational and production use, effective 1 January …
Management Decisions
Photo Archive
30 December 2025 02:10 PM Southern Province Cement to pay SAR 35m dividends for H1-25
Riyadh – Mubasher: The board members of Southern Province Cement Company decided to distribute cash dividends worth SAR 35 million to the shareholders for the first half (H1) of 2025. The company will pay SAR 0.25 per share to 140 million eligible …
Board of Directors
Saudi Arabia's Riyadh
29 December 2025 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes
Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …
Macroeconomics
Photo Archive
29 December 2025 09:35 AM Al Yamamah Steel logs lower net profits in FY24/25
Riyadh – Mubasher: Al Yamamah Steel Industries Company recorded net profits after tax of SAR 59.69 million in fiscal year (FY) 2024/2025, an annual decrease of 15.70% from SAR 70.80 million. Net sales declined by 3.99% year-on-year (YoY) to SAR …
Financial Results
Photo Archive
29 December 2025 09:20 AM Saudi Lime pens SAR 25m facility deal with Emirates NBD
Riyadh - Mubasher: Saudi Lime Industries Company signed an Islamic Shariah-compliant credit facility deal with Emirates NBD Bank for an amount of SAR 25 million on 28 December 2025. The one-year agreement will be used to support the company’s …
Companies Investments
Photo Archive
28 December 2025 09:30 AM Al Rasheed pens SAR 1.1bn supply deal with NESR
Riyadh – Mubasher: Mohammed Hadi Al Rasheed and Partners Company inked an agreement with National Petroleum Technology Company (NESR) at a value exceeding SAR 1.10 billion. The deal, signed on 24 December 2025, covers the supply of high-quality …
Companies Investments
Photo Archive
23 December 2025 08:11 PM Al Rashid Industrial’s board proposes SAR 40m capital increase via bonus shares
Riyadh - Mubasher: The board of Al Rashid Industrial Company recommended raising the capital by SAR 40 million to SAR 120 million from SAR 80 million. The transaction, which was proposed during the meeting on 22 December, will be implemented …
Management Decisions
Photo Archive
22 December 2025 07:54 PM Qassim Cement secures SAR 1.5bn credit facility from SNB
Riyadh - Mubasher: Qassim Cement Company has signed a Shariah-compliant credit facility agreement with the Saudi National Bank (SNB) valued at SAR 1.50 billion on 22 December. The ten-year facility will support the financing of the company’s …
Banking and Finance
Photo Archive
21 December 2025 11:54 AM SENAAT’s subsidiary in Egypt awarded over SAR 348.5m project award
Riyadh - Mubasher: Zamil Structural Steel Company, an Egyptian subsidiary of Advanced Building Industries Company (SENAAT), has been awarded a contract for a project with Qatar-based Elegancia Steel Company. The agreement covers the design, …
Companies Investments
Photo Archive
16 December 2025 05:07 PM Riyadh Cement’s board proposes SAR 72m dividends for H2-25
Riyadh - Mubasher: The board of Riyadh Cement Company has recommended cash dividends worth SAR 72 million, equivalent to 6% of the company’s SAR 1.20 billion issued capital, for the second half (H2) of 2025. The Saudi company will disburse a …
Cash Dividends
Photo Archive
15 December 2025 05:39 PM Riyadh Cement inks SAR 85m EPC deal for grid station construction
Riyadh - Mubasher: Riyadh Cement Company has signed an engineering, procurement, and construction (EPC) contract worth SAR 85 million with Chengdu Design and Research Institute. Signed on 14 December 2025, the agreement covers the construction of …
Companies Investments
Photo Archive
14 December 2025 09:56 AM Sipchem appoints new Chairman, Vice Chairman
Riyadh - Mubasher: Sahara International Petrochemical Company (Sipchem) named Khalid A. Al Zamil as the board’s Chairman for the next four years. The board members also appointed Fahad S. Al Rajhi as the Vice Chairman, according to a bourse …
Board of Directors
Photo Archive
10 December 2025 02:17 PM SIIG to pay SAR 167m cash dividends for H2-25
Riyadh - Mubasher: Saudi Industrial Investment Group (SIIG) announced the board’s decision to pay out cash dividends of SAR 167.08 million, representing 2.50% of the capital, for the second half (H2) of 2025. SIIG will disburse SAR 0.25 to 668.320 …
Cash Dividends
Photo Archive
9 December 2025 05:00 PM Ma’aden inks exploration license exchange agreement with Amak
Riyadh - Mubasher: Saudi Arabian Mining Company (Ma’aden) and Al Masane Al Kobra Mining Company (Amak) signed an agreement to exchange several exploration licenses, according to a press release. Under the deal, a group of exploration licenses …
Companies Investments
Photo Gallery
9 December 2025 11:13 AM Hedab Alkhaleej to pay SAR 7.5m cash dividends for H2-25
Riyadh - Mubasher: Hedab Alkhaleej Trading Company announced the board’s decision to pay out a cash dividend of SAR 1 per share, on 8 December, for the second half (H2) of 2025. The company will disburse SAR 7.50 million, representing 10% of the …
Board of Directors
Photo Archive
8 December 2025 00:26 PM East Pipes Integrated pens SAR 485m supply agreement with Saudi Water Authority
Riyadh – Mubasher: East Pipes Integrated Company for Industry and the Saudi Water Authority inked a SAR 485 million agreement on 7 December 2025, according to a bourse statement. Under the deal, the company will manufacture and supply steel pipes …
Companies Investments
Photo Archive
8 December 2025 11:13 AM Yanbu Cement’s board approves SAR 118m dividends for H2-25
Riyadh - Mubasher: The board members of Yanbu Cement Company decided to pay cash dividends of SAR 118.12 million to eligible shareholders for the second half (H2) of 2025, according to a bourse filing. The company will disburse SAR 0.75, …
Board of Directors
Photo Archive
17 November 2025 05:39 PM MEPCO appoints new Chairman, Vice Chairman
Riyadh - Mubasher: Middle East Paper Company (MEPCO) named Musaab Sulaiman Al Muhaidib and Walid Ibrahim Shukri as the board’s Chairman and Vice Chairman, respectively.  The board reappointed the two officials for a four-year term starting on 14 …
Corporate Actions
Southern Province Cement Company
11 November 2025 04:18 PM Southern Province Cement achieves SAR 44m net profit in 9M-25
Riyadh – Mubasher: Southern Province Cement Company registered a 69.23% decline in net profit to SAR 44 million in the first nine months (9M) of 2025 from SAR 143 million in 9M-24. The earnings per share (EPS) fell to SAR 0.32 as of 30 September …
Financial Results
Photo Archive
9 November 2025 05:40 PM Al Jouf Cement’s net losses widen 130% in 9M-25; revenues exceed SAR 192m
Riyadh - Mubasher: Al Jouf Cement Company suffered net losses of SAR 63.73 million in the first nine months (9M) of 2025, signaling a 129.87% increase from SAR 27.72 million in 9M-24. Meanwhile, the revenues rose by 6.02% to SAR 192.26 million in …
Financial Results