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30 April 12:35 PM 2P Prefect Presentation rolls out SAR 201m agreement
Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation)  inked a contract for operating the Ministry of Health’s contact centres with a value of SAR 200.99 million. The two parties sealed the agreement on 29 April …
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25 April 04:49 PM Sure Global Tech pens SAR 60m deal with Shura Council
Riyadh – Mubasher: Sure Global Tech Company inked a contract with the Shura Council, on 24 April, to operate and maintain computers for the Shower project. The two entities penned the agreement at a value of SAR 60.09 million, according to a …
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24 April 01:24 PM Saudi foreign trade authority awards contract to Sure Global Tech
Riyadh – Mubasher: Saudi Arabia’s General Authority of Foreign Trade has awarded Sure Global Tech Company a SAR 13.86 million contract to diversify and develop supply chains in goods to ensure abundance and quality. The contract includes the …
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23 April 12:58 PM Al Qemam seals deal for information technology services
Riyadh – Mubasher: Al Qemam for Computer Systems Company has signed a SAR 7.33 million agreement with Afaq Saher Contracting Est for information technology services. Under the agreement, Al Qemam will implement information technology systems, …
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21 April 02:27 PM Saudi Azm to transfer shares to main market
Riyadh – Mubasher: The board of Saudi AZM for Communications and Information Technology Company approved transferring its shares from the Parallel Market (Nomu) to the main market All Share Index (TASI). The board members granter their approvals …
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21 April 11:57 AM Batic Investments inks 10-year deal with solutions
Riyadh – Mubasher: Smart Cities Solutions Company, a subsidiary of Batic Investments and Logistics Company penned an agreement with Arabian Internet and Telecommunication Services Company (solutions) on 20 April 2024. The joint deal covers the …
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18 April 01:20 PM Sure Global Tech signs SAR 94m contract to develop electronic platform
Riyadh – Mubasher: Sure Global Tech Company has signed a three-year contract with a total value of SAR 94.16 million. Under the contract, Sure will build, develop, and operate an electronic platform, according to a bourse filing. The contract is …
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17 April 05:11 PM Edarat Communication’s EGM approves 100% new capital hike
Riyadh – Mubasher: The shareholders of Edarat Communication and Information Technology Company gave a nod, during their extraordinary general meeting (EGM) on 16 April 2024, for doubling the capital through bonus shares.   This decision builds on …
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16 April 01:57 PM MIS unveils new dividends distribution policy
Riyadh – Mubasher: The board of Al Moammar Information Systems Company (MIS) recommended a dividend distribution policy for the years 2024, 2025, and 2026. The policy will be submitted for the shareholders’ approval at the next general assembly …
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16 April 12:41 PM solutions pens SAR 140m deal with stc
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) and Saudi Telecom Company (stc) penned an agreement valued at SAR 139.95 million. The deal covers the renewal of VMware licenses and providing maintenance and …
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15 April 05:50 PM 2P Prefect Presentation unveils SAR 80m bank facility with SAB
Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) announced the increase and renewal of a Sharia-compliant bank facility with Saudi Awwal Bank (SAB) as per the agreement signed on 15 April 2024. The funding …
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15 April 04:40 PM 2P Perfect Presentation awarded SAR 46m project contract
Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) was awarded a SAR 46 million project on 15 April 2024. The listed company will integrate the management of technical services provided at Umm Al Qura …
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25 March 03:45 PM Saudi Networkers Services to pay SAR 14m dividends for H2-23
Riyadh – Mubasher: The board of Saudi Networkers Services Company (SNS) proposed cash dividends amounting to SAR 14.10 million, representing 23.50% of the capital, for the second half (H2) 2023. The Saudi firm will pay a dividend of SAR 2.35 per …
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10 March 12:12 PM Elm’s consolidated profit jumps 46% YoY in 2023; dividends ratified
Riyadh – Mubasher: Elm Company recorded a 45.81% year-on-year (YoY) surge in consolidated net profit to SAR 1.35 billion in 2023 from SAR 930 million. The company’s revenues leapt 28.05% YoY to SAR 5.89 billion last year from SAR 4.60 billion, …
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10 March 09:49 AM stc, US-based nile announce JV to boost NaaS service at LEAP 2024
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …
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7 March 04:55 PM Elm pens 3 MoUs at LEAP 2024 to boost tourism, healthcare in Saudi Arabia
Riyadh – Mubasher: Digital Solution Provider Elm Company has signed a memorandum of understanding with the Saudi Red Sea Authority (SRSA), the organiser and enabler of coastal tourism in the kingdom, to provide online services. The MoU also …
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5 March 07:57 PM Saudi listed Elm reveals comprehensive digital solutions, products at LEAP 2024
Riyadh – Mubasher: Digital solutions provider Elm Copmany is showcasing some its innovative products and solutions at the third edition of the LEAP conference, which is running in the capital of Saudi Arabia until 7 March 2024, according to a …
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18 February 11:12 AM solutions logs 13.2% YoY higher profit in 2023; SAR 714m dividends proposed
Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) posted a 13.2% year-on-year (YoY) increase in net profit to SAR 1.19 billion in 2023 from SAR 1.05 billion. The company’s revenues surged by 25.38% YoY to SAR 11.04 …
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1 February 11:21 AM solutions’ unit secures EGP 2.8bn financing deal led by ADIB Egypt
Riyadh – Mubasher: Giza Systems, a subsidiary of Arabian Internet and Telecommunication Services Company (solutions), obtained banking facilities valued at EGP 2.82 billion ($84 billion) on 31 January 2024. Giza Systems and its unit VAS secured …
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30 January 12:29 PM MIS renews SAR 137m facility deal with SAIB
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has extended its Sharia-compliant facility deal with the Saudi Investment Bank (SAIB) at a value of SAR 136.80 million. MIS signed the financing agreement on 29 January 2024 and it is …
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28 January 02:56 PM solutions pens SAR 120m deal with stc
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) inked a SAR 120 million agreement with Saudi Telecom Company (stc) on 25 January 2024. Under the 24-month deal, stc will offer bulk-SMS service and link it to …
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18 January 05:36 PM solutions renews, raises funding with SNB
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has renewed and increased a Sharia-aligned banking facilities agreement with the Saudi National Bank (SNB). solutions obtained the funding on 18 January 2024 to be …
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15 January 12:18 PM Sure Global Tech rolls out SAR 60m deal
Riyadh – Mubasher: Sure Global Tech Company awarded a computer operation and maintenance project to the Shura Council at a value of SAR 60.09 million on 14 January 2024. The agreement cover the employment infrastructure of the council as well as …
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11 January 05:15 PM MIS inks deals exceeding SAR 278m in value
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) cemented its position in the information technology sector by signing four deals worth a combined value of SAR 278.07 million in December 2023, according to bourse disclosures. The …
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11 January 09:48 AM MIS obtains board’s approval to invest in AI
Riyadh - Mubasher: The board of Al Moammar Information Systems Company (MIS) agreed to invest in international companies operating in the AI field, according to a bourse filing. MIS plans to allocate SAR 40 million to establish an investment …