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26 May 10:19 AM

Sector News

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24 May 06:41 PM Saudi AZM secures funding from SAIB
Riyadh – Mubasher: Saudi AZM for Communication and Information Technology Company has obtained a Sharia-compliant credit facility from the Saudi Investment Bank (SAIB) at a total value of SAR 75 million, according to a bourse filing. The agreement …
Company News
Photo Archive
21 May 03:54 PM Edaa implements corporate action on Naseej for Technology’s securities
Riyadh – Mubasher: The Securities Depository Center Company (Edaa) has announced the successful implementation of a securities quantity increase for Naseej for Technology Company, according to an official statement. The adjustment was applied to …
Trading Activities
Arabian Internet and Communications Services Company (solutions)
19 May 09:20 PM Aljazira Capital issues investment update on solutions, maintains positive rating
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) is projected to deliver a net income CAGR of c.10.9% during the period from 2025 until 2030, according to an investment update by Aljazira Capital. “We maintain …
Company News
Photo Archive
19 May 05:51 PM Naseej for Technology stock’s fluctuation limits unveiled
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has announced a formal adjustment to the trading parameters for Naseej for Technology Company, following the successful conclusion of the company’s extraordinary general meeting (EGM) on 18 May 2026. …
Company News
Photo Archive
18 May 12:43 PM Al Qemam to support government entity’s infrastructure under SAR 2.5m deal
Riyadh – Mubasher: Al Qemam for Computer Systems Company inked a SAR 2.36 million contract with Al Kam Telecommunications and Information Technology Company on 17 May 2026. The deal covers the provision of infrastructure support services to a …
Companies Investments
Photo Archive
17 May 06:33 PM MIS concludes equity acquisition in Eltizam Insurance
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has announced the acquisition of a 15% stake in Eltizam Insurance platform, according to a bourse filing. The transaction is valued at SAR 19.50 million and was finalized following …
Mergers and Acquisitions
Arabian Internet and Communications Services Company (solutions)
17 May 02:55 PM Solutions obtains regulatory approval to double capital
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has officially granted approval for Arabian Internet and Communications Services Company (solutions) to proceed with a 100% capital increase through the issuance of bonus …
Company News
Photo Archive
17 May 01:51 PM Arab Sea Information Systems unveils update on accumulated losses
Riyadh – Mubasher: Arab Sea Information Systems Company announced that its accumulated losses have reached SAR 21.45 million as of 31 March 2026. The amount represents 21.45% of the company’s SAR 100 million worth of total share capital, according …
Company News
Elm Company
11 May 02:14 PM Elm witnesses 32.5% higher net profits in Q1-26; revenue exceeds SAR 2.4bn
Riyadh – Mubasher: Elm Company registered net profits worth SAR 656 million during the first quarter (Q1) of 2026. The positive results reflected a 32.52% growth from SAR 495 million in Q1-25, according to a bourse filing. The earnings per share …
Financial Results
Photo Archive
28 April 03:50 PM Saudi AZM logs nearly 37% higher net profits in 9M-25/26
Riyadh - Mubasher: Saudi AZM for Communications and Information Technology Company recorded SAR 34.74 million in net profits attributable to the shareholders during the first nine months (9M) of fiscal year (FY) 2025/2026. The 9M-25/26 net income …
Company News
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28 April 10:59 AM Edarat Group enters MIS data center subsidiary with 40% stake
Riyadh - Mubasher: Edarat Communications and Information Technology Company (Edarat Group) has become a partner in National Excellence Data Centers Company, a subsidiary of Al Moammar Information Systems Company (MIS), with a 40% shareholding. …
Companies Investments
Photo Archive
27 April 11:17 AM solutions records 2.5% higher profits in Q1-26
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered SAR 370 million net profit during the first quarter (Q1) of 2026, up 2.46% year-on-year (YoY) from SAR 361 million. The company generated revenues …
Financial Results
Photo Archive
21 April 05:05 PM solutions signs nearly SAR 132.5m contract with stc
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has inked a SAR 132.43 million contract with Saudi Telecom Company (stc) on 20 April 2026. The agreement aims to design, provision, refresh, and modernize the …
Companies Investments
Photo Archive
15 April 01:55 PM Naseej for Technology pens AED 23m contract with e&’s unit
Riyadh - Mubasher: Naseej for Technology Company has signed a contract with e& Enterprise Cloud - Sole Proprietorship L.L.C., a subsidiary of Emirates Telecommunications Group Company (e&). The agreement, sealed on 14 April 2026, aims to provide …
Company News
Photo Archive
14 April 06:04 PM Saudi Networkers Services extends SAR 50m facility deal
Riyadh – Mubasher: Saudi Networkers Services Company renewed its Sharia-compliant credit facilities agreement valued at SAR 50 million with Al Rajhi Bank on 13 April 2026, according to a bourse filing. The company will utilize the loan, secured by …
Company News
Photo Archive
13 April 10:54 AM solutions’ board mulls 100% capital hike to back expansion
Riyadh - Mubasher: The board member of Arabian Internet and Communications Services Company (solutions) recommended increasing the capital to SAR 2.40 billion from SAR 1.20 billion. The group will capitalize SAR 1.20 billion from its retained …
Board of Directors
Photo Archive
12 April 03:32 PM MIS rolls out SAR 114.5m agreement with Ministry of Education
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has received a purchase order from the Ministry of Education valued at SAR 114.55 million to provide IT services and products. The one-year contract will reflect on the company’s …
Company News
Photo Archive
9 April 03:29 PM IHR wins SAR 12m purchase order from Elm
Riyadh - Mubasher: International Human Resources Company (IHR) has received a SAR 12.03 million purchase order from Elm Company to provide human resources services during the Hajj season. The project will be effective immediately and will run for …
Companies Investments
Photo Archive
24 March 02:57 PM MIS wins SAR 65m IT services project
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has been awarded an IT services project valued at SAR 64.82 million by National Water Company. The contract was awarded on 16 March 2026, while the signing is scheduled for 16 April …
Companies Investments
Aramco
24 March 08:32 AM Aramco rolls out SAR 1.6bn agreements with solutions, Arabian Pipes
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) penned three agreements at a combined value of SAR 1.63 billion with Arabian Internet and Communications Services Company (solutions) and Arabian Pipes Company, according to bourse disclosures. …
Companies Investments
Photo Archive
5 March 01:44 PM MIS pens deal with PIF-owned HUMAIN
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) signed an agreement with HUMAIN, a Public Investment Fund (PIF) company, on 4 March 2026. The 12-month deal is valued at more than 155% of the company's revenue for 2024, according to …
Companies Investments
Photo Archive
1 March 12:55 PM Elm’s net profits exceed SAR 2bn in 2025
Riyadh - Mubasher: The net profits attributable to the owners of Elm Company hit SAR 2.09 billion in 2025, higher by 14.46% year-on-year (YoY) than SAR 1.82 billion. The earnings per share (EPS) climbed to SAR 26.86 last year from SAR 23.51 in …
Financial Results
Photo Archive
24 February 10:36 AM MIS pens SAR 102m IT services deal with Saudi Tadawul Group
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has signed a SAR 102.39 million contract with Saudi Tadawul Group Holding Company to provide IT systems services and tech information. The 12-month agreement was signed on 19 February …
Companies Investments
Photo Archive
23 February 01:07 PM solutions inks over SAR 519.5m joint deal with NWC
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a SAR 519.65 million contract with the National Water Company (NWC) to provide IT managed services. The five-year agreement tasks solutions with …
Companies Investments
Photo Archive
18 February 05:42 PM Sure Global Tech to develop AI-focused subsidiary
Riyadh - Mubasher: The board of Sure Global Tech Company agreed on 17 February 2026 to establish a wholly owned limited liability company. The Riyadh-based unit will focus on AI solutions, big data analytics, intelligent systems, and other …
Companies Investments