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27 February 12:55 PM

Sector News

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22 February 02:55 PM Emaar The Economic City names Al Azzawi as new Chairman
Riyadh - Mubasher: Emaar The Economic City announced Muhannad Al Azzawi as the board’s Chairman on 19 February. This appointment followed the resignation of Fahad Abduljalil Al Saif, according to a bourse filing. Al Azzawi brings over 32 years of …
Management Decisions
Photo Archive
19 February 04:31 PM Al Akaria rolls out SAR 1.1bn lease deal
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) leased the Al Reef Residential Compound for a total value of SAR 1.19 billion on 18 February 2026, according to a bourse filing. Located in the Diplomatic Quarter in Riyadh, the compound …
Real estate
Photo Gallery
8 February 07:48 PM Dar Al Arkan redeems $400m sukuk
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company fully redeemed its $400 million Islamic Sukuk on 7 February 2026. The number of the redeemed sukuk reached 400,000, according to a bourse filing. HSBC Bank served as the paying agent …
Real estate
Photo Archive
1 February 05:12 PM Adeer Real Estate unveils SAR 50m dividends for H2-25; annual profits hike 62%
Riyadh - Mubasher: The board of Adeer Real Estate Company approved cash dividends worth SAR 50 million, equivalent to 100% of its SAR 50 million capital, for the second half (H2) of 2025. The Tadawul-listed company will disburse a dividend of SAR …
Real estate
Photo Archive
29 January 10:48 PM Knowledge Economic City pens SAR 150m facility deal with Banque Saudi Fransi
Riyadh – Mubasher: Knowledge Economic City has secured Shariah-compliant financing of SAR 150 million from Banque Saudi Fransi to support the execution of infrastructure works for the Islamic World District project— IWD area. The four-loan is …
Companies Investments
Photo Archive
29 January 08:16 PM Al Ramz Real Estate supports development projects via SAR 288m loan
Riyadh - Mubasher: Alramz Real Estate Company has obtained Shariah-compliant credit facilities worth SAR 288 million from Saudi Awwal Bank (SAB). The two-year facility will be used to fund the company’s expansion plans in the real estate sector, …
Real estate
Photo Archive
29 January 06:37 PM Bank Aljazira unveils SAR 1.5bn profits in 2025, facility deal with Makkah Construction
Riyadh – Mubasher: Bank Aljazira recorded 22.30% year-on-year (YoY) higher net profits at SAR 1.50 billion in 2025, compared to SAR 1.23 billion, according to the financial results. The earnings per share (EPS) rose to SAR 1 in the …
Financial Results
Photo Archive
26 January 05:34 PM Asas Makeen to set up SAR 140m private real estate investment fund
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has penned a final agreement with Abdulaziz & Saad Al Moajil Trading and Investment Company and Dinar Investment Company. The agreement aims to establish a closed-end …
Real estate
Photo Archive
25 January 07:13 PM Alandalus Property launches five-year strategy to boost growth
Riyadh - Mubasher: The board of Alandalus Property Company has approved a five-year strategic plan (2026–2030) to strengthen its position in the Saudi real estate market. The strategy targets growth across commercial sectors, including retail, …
Companies Investments
Photo Archive
25 January 06:51 PM Al Akaria names Abu Dawood as new CEO
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) appointed Abdullah bin Sulaiman Abu Dawood as its CEO as of 5 April 2026. The board approved the resolution on 24 January 2026, according to a bourse filing. Abu Dawood brings over 25 years …
Corporate Actions
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22 January 06:40 PM Knowledge Economic City, ASTRA Construction team up for 32.5m project
Riyadh – Mubasher: Knowledge Economic City and ASTRA Construction Company penned a SAR 32.48 million agreement for the execution of structural and embedded mechanical, electrical, and plumbing (MEP) works for the buildings of the Riyadh Schools …
Companies Investments
Photo Archive
20 January 11:25 AM Al Majdiah obtains SAR 500m loan from ANB
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) obtained a SAR 500 million loan from Arab National Bank (ANB) to support the coming project in line with its strategic expansion plans. The financing is guaranteed by promissory …
Banking and Finance
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19 January 09:17 AM Al Majdiah supports expansion plans via SAR 500m loan from Alinma Bank
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) inked a Shariah-compliant banking facility agreement valued at SAR 500 million with Alinma Bank on 15 January 2026, according to a bourse filing. The loan aims to strengthen the …
Companies Investments
Photo Archive
18 January 07:09 PM Red Sea International’s unit secures SAR 200m funding facilities
Riyadh - Mubasher: The Fundamental Installation for Electric Work Company, a subsidiary of Red Sea International Company, has inked a SAR 200 million multi-purpose funding agreement with the Saudi Investment Bank (SAIB). The 307-day facilities …
Companies Investments
Photo Gallery
12 January 09:29 AM Dar Global, Trump Organization launch $10bn development project in Saudi Arabia
Riyadh - Mubasher: Saudi real estate developer Dar Global DARD.L plans to launch two Trump-branded projects in Riyadh and Jeddah with a combined value of $10 billion, CEO Ziad El Chaar told Reuters. Under the joint announcement made in December …
Real estate
Photo Archive
11 January 11:51 AM Al Akaria’s unit pens SAR 550m facility deal with Alinma Bank
Riyadh – Mubasher: Saudi Real Estate Company for Infrastructure (Binyah), a subsidiary of Saudi Real Estate Company (Al Akaria), inked a SAR 550 million Shariah-compliant credit facilities agreement with Alinma Bank. The one-year renewable …
Companies Investments
Photo Archive
5 January 06:32 PM Red Sea International’s unit secures SAR 220m construction contract
Riyadh - Mubasher: The Fundamental Installation for Electric Work Company, a subsidiary of Red Sea International Company, has signed a SAR 220 million contract with Al Arab Hospital Company Limited. The contract aims to establish a 19-storey …
Companies Investments
Photo Archive
31 December 2025 05:04 PM Umm Al Qura signs SAR 500m revolving credit facility with Al Rajhi Bank
Riyadh – Mubasher: Umm Al Qura for Development and Construction inked a SAR 500 million revolving credit facility agreement with Al Rajhi Bank to finance general working capital requirements. The company obtained the Sharia-compliant loan on 30 …
Companies Investments
Photo Archive
31 December 2025 04:01 PM Makkah Construction inks SAR 980m purchase deal
Riyadh - Mubasher: Makkah Construction and Development Company purchased a land plot in Makkah from Entrustment and Liquidation Center (infath) at SAR 980 million, according to a bourse filing. Located on Ajyad Street in Makkah, the land spans …
Companies Investments
Photo Archive
30 December 2025 05:51 PM Alramz Real Estate to establish SAR 2.5bn fund
Riyadh - Mubasher: Alramz Real Estate Company inked an agreement, on 29 December, to establish a Shariah-compliant real estate investment fund, managed by SNB Capital, according to a bourse filing. The deal aims to develop the Rabwa Alramz …
Companies Investments
Photo Archive
30 December 2025 03:46 PM Asas Makeen rolls out SAR 300m construction deal
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company and Hayat Construction Contracting Company inked a SAR 300 million deal to carry out construction work on several of the company's projects in Riyadh. Spanning 65,000 …
Real estate
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
28 December 2025 06:36 PM Umm Al Qura pens SAR 228.5m sale agreement
Riyadh – Mubasher: Umm Al Qura for Development and Construction sold two plots of land to Arabian Dyar Real Estate Development Company at a combined value of SAR 228.41 million. Spanning 7,408 square meters within Masar Destination in Makkah Al …
Companies Investments
Photo Archive
23 December 2025 08:50 PM Red Sea International signs SAR 203m contract for NEOM project
Riyadh - Mubasher: Red Sea International Company has inked a SAR 202.80 million contract with the Saudi Arabia branch of Webuild to provide integrated facilities management (IFM) operations and maintenance services for the Trojena Dam project …
Companies Investments
Photo Archive
22 December 2025 07:06 PM First Avenue acquires new tower in Riyadh for SAR 310m
Riyadh - Mubasher: First Avenue for Real Estate Development Company has acquired the ‘Capital Avenue – Al Qirawan’ tower in Riyadh at a cost of approximately SAR 310 million. The transaction was executed by purchasing all partners’ stakes in the …
Companies Investments