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29 April 05:12 AM

Sector News

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26 April 02:51 PM Alramz Real Estate, SNB Capital launch development fund in Riyadh
Riyadh - Mubasher: Alramz Real Estate Company has inked an agreement with SNB Capital to establish a Sharia-compliant real estate investment fund for the development of its Ramz Al Raed residential project in Riyadh’s Al Raed district. The fund …
Company News
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26 April 12:55 PM Jabal Omar receives license to operate 3rd Rotana Hotel tower
Riyadh - Mubasher: Jabal Omar Development Company has received a license from the Ministry of Tourism to operate the third and final tower of the Rotana Hotel. This move is part of phase four of the Jabal Omar project, according to a bourse …
Companies Investments
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22 April 05:11 PM Riyadh Development exits real estate fund for nearly SAR 184.5m in deal with Sumou
Riyadh - Mubasher: Riyadh Development Company has signed an agreement to sell all its units in the Al Arabi Riyadh Development Real Estate Fund to Sumou Holding Company for a total value of SAR 184.47 million. The transaction will be paid …
Companies Investments
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19 April 08:44 AM Dar Global secures $250m facility from Emirates NBD to back global expansions
Dubai - Mubasher: Emirates NBD has executed a $250 million syndicated term loan for London-listed luxury international real estate developer Dar Global, according to a press release. Dar Global, which is majority owned by Dar Al Arkan Real Estate …
Real estate
Photo Archive
15 April 06:09 PM Al Akaria pens SAR 50m contract with subsidiary Mumtalakat
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) has inked an integrated facilities management services contract valued at SAR 50.11 million with its 60%-owned subsidiary, Saudi-Korean Company for Maintenance and Properties Management …
Company News
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15 April 05:20 PM Ladun signs MoU with Asbar Capital for SAR 250m development project
Riyadh - Mubasher: Ladun Investment Company has inked a memorandum of understanding (MoU) with Asbar Capital Company to implement a mixed-use real estate development in Riyadh’s Sports Boulevard, Al Munsiyah District. Ladun will serve as the …
Companies Investments
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15 April 02:29 PM Al Majdiah announces new Chairman, Vice Chairman
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) named Khalid bin Abdulrahman Al Majed as the board’s Chairman for the next four years. Majed bin Abdulrahman Al Majed was appointed as the Vice Chairman until 12 April 2030, …
Corporate Actions
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14 April 05:29 PM Ladun’s unit awarded SAR 85m project contract
Riyadh - Mubasher: Built Industrial Company, a subsidiary of Ladun Investment Company, received an award contract valued at SAR 84.99 million from the Royal Commission for Riyadh City on 13 April 2026. The King Abdulaziz Public Transport project …
Companies Investments
Photo Archive
13 April 01:03 PM Retal appoints new CEO, Managing Director
Riyadh - Mubasher: Retal Urban Development Company appointed Kamal bin Ahmed Mohammed Ahmed as the new CEO, succeeding Abdullah bin Faisal bin Abdulaziz Al Braikan, effective 13 April 2026. Meanwhile, Al Braikan was named the company’s Managing …
Corporate Actions
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9 April 06:53 AM CMA greenlights Taiba Investments’ capital hike to SAR 5bn
Riyadh - Mubasher: The Capital Market Authority (CMA) approved increasing Taiba Investments Company’s capital to SAR 5 billion from SAR 2.60 billion by issuing one bonus share for 1.09 existing shares. The company will transfer SAR 1 billion from …
Company News
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1 April 07:15 PM Emaar The Economic City generates 167% higher revenue in 2025 amid lower losses
Riyadh – Mubasher: Emaar The Economic City reported a decrease of 99.21% in net losses to SAR 9 million in 2025 from SAR 1.13 billion in 2024. The loss per share shrank to SAR 0.02 in 2025 when compared with SAR 2.17 in the previous year, …
Real estate
Photo Archive
30 March 11:57 AM Umm Al Qura secures SAR 500m financing from SAB
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company inked a Sharia-compliant revolving credit facility agreement with Saudi Awwal Bank (SAB) at a value of SAR 500 million. The loan, secured on 29 March 2026, will be used to …
Banking and Finance
Dar Al Arkan Real Estate Development Company
22 March 03:36 PM Moody's affirms Dar Al Arkan ratings, ‘Stable’ outlook
Riyadh – Mubasher: Moody's Ratings has affirmed the ‘B1’ long-term corporate family rating (CFR) and ‘B1-PD’ probability of default rating (PDR) of the Saudi listed Dar Al Arkan Real Estate Development Company. The agency also affirmed the ‘(P)B1’ …
Ratings
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18 March 09:04 AM Asas Makeen pens SAR 63m villas development deal in Riyadh
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company inked a SAR 63.08 million real estate development agreement with Awa'id Al-Hada Company to develop a residential villas project in Al-Hada district, Riyadh. Asas Makeen …
Real estate
Photo Archive
18 March 08:49 AM Al Majdiah expands Banque Saudi Fransi’s credit facilities to SAR 684.5m
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) inked an addendum with Banque Saudi Fransi to raise its credit facilities to SAR 684.46 million from SAR 550 million. The amended agreement, signed on 12 March 2026, extends the …
Banking and Finance
Umm Al Qura for Development and Construction Company
17 March 02:35 AM Umm Al Qura for Development records higher revenue at SAR 2.9bn in 2025
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company registered net profits worth SAR 983.39 million in 2025, signaling a leap of 97.23% from SAR 498.61 million in 2024. The earnings per share (EPS) went up to SAR 0.70 in 2025 …
Real estate
Photo Archive
17 March 02:28 AM Red Sea International plans 58% capital raise through rights issue
Riyadh – Mubasher: Red Sea International Company intends to increase its capital by 58% through a rights issue, subject to the approval of the extraordinary general meeting (EGM) and other relevant approvals, according to a bourse filing. The …
Management Decisions
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16 March 01:55 PM Retal’s net profits jump 10% in 2025
Riyadh - Mubasher: Retal Urban Development Company reported a 10.22% year-on-year (YoY) increase in net profit attributable to owners to SAR 293.30 million in 2025, compared with SAR 266.10 million. The earnings per share (EPS) climbed to SAR 0.59 …
Financial Results
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16 March 11:21 AM Knowledge Economic City’s losses deepen 66% in 2025
Riyadh - Mubasher: The net losses attributable to the owners of Knowledge Economic City reached SAR 34.86 million in 2025, higher by 66.38% year-on-year (YoY) than SAR 20.95 million. The loss per share widened to SAR 0.10 in the January-December …
Financial Results
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12 March 01:48 PM Alandalus Property’s net losses drop 42% in 2025
Riyadh - Mubasher: The net losses attributable to the owners of Alandalus Property Company fell by 42.18% year-on-year (YoY) to SAR 18.27 million in 2025 from SAR 31.60 million. The loss per share hit SAR 0.20 at the end of December 2025 when …
Real estate
King Salman Park
11 March 02:16 PM Retal awarded SAR 3.2bn project contract for King Salman Park
Riyadh - Mubasher: Retal Urban Development Company has received a project award letter worth SAR 3.20 billion from King Salman Park Company (KSPC), as part of a consortium led by Retal. The project targets the development of a predominantly …
Real estate
Photo Archive
11 March 10:14 AM Makkah Construction’s profits increase 15% in 2025; dividends proposed
Riyadh - Mubasher: Makkah Construction and Development Company logged 15.33% year-on-year (YoY) higher net profits attributable to the owners at SAR 474 million in 2025, compared to SAR 411 million. The earnings per share (EPS) grew to SAR 2.37 in …
Cash Dividends
Dar Al Arkan Real Estate Development Company
8 March 10:09 PM Dar Al Arkan records SAR 3.8bn revenue in 2025 on higher property sales
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company achieved net profits worth SAR 1.13 billion in 2025, signaling a 40.54% increase from SAR 806.84 million in 2024. The revenues also rose by 3.75% to SAR 3.89 billion in 2025 from SAR …
Financial Results
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4 March 03:26 PM Jabal Omar achieves SAR 2.1bn revenues in 2025; profits leap 1,095%
 Riyadh - Mubasher: Jabal Omar Development Company generated 1,095% year-on-year (YoY) higher net profits attributable to the owners value at SAR 2.39 billion in 2025, compared to SAR 200.09 million in 2024. The revenues hiked by 11.17% YoY to SAR …
Financial Results
Photo Archive
3 March 12:32 PM Riyadh Development’s profits cross SAR 296m in 2025; dividends for H2 proposed
Riyadh - Mubasher: Riyadh Development Company registered SAR 296.10 million in net profits attributable to shareholders during 2025, down 0.03% from SAR 296.20 million in 2024. The earnings per share (EPS) stood at SAR 1.30 at the end of December …
Financial Results