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27 April 04:53 AM

Sector News

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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 …
Company News
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 …
Management Decisions
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 …
Companies Investments
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 …
Company News
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
Photo Archive
17 February 09:36 AM solutions unveils SAR 1.5bn profits in 2025, cash dividends
Riyadh – Mubasher: The net profits attributable to the shareholders of Arabian Internet and Communications Services Company (solutions) fell by 5.89% to SAR 1.50 billion in 2025 from SAR 1.59 billion in 2024. On the other hand, the revenues grew …
Cash Dividends
Photo Archive
9 February 03:04 PM Edarat Group witnesses 47% higher net profits in 2025
Riyadh - Mubasher: Edarat Communication and Information Technology Company (Edarat Group) reported SAR 36.34 million in net profit attributable to shareholders during 2025. The net income last year was higher by 47.35% than SAR 24.66 million in …
Financial Results
Photo Archive
29 January 03:03 PM MIS obtains SAR 1.8bn Shariah-compliant facility from ANB
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) penned a Shariah-compliant banking facility agreement valued at SAR 1.81 billion with Arab National Bank (ANB) on 26 January. The loan, which is valid until 31 July 2026, will finance …
Companies Investments
Photo Archive
18 January 07:34 PM 2P Perfect Presentation extends SAR 135m facility with Alinma Bank
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has renewed its Shariah-compliant facility with Alinma Bank at SAR 135 million. The financing will support newly awarded projects, including the …
Companies Investments
Photo Archive
7 January 03:45 PM 2P Perfect Presentation renews SAR 289m financing with Banque Saudi Fransi
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has extended its Shariah-compliant facility with Banque Saudi Fransi at SAR 289.19 million. The facility is valid until 6 January 2027 and is secured …
Banking and Finance
Photo Archive
6 January 10:06 AM CMA nods for Saudi Networkers Services, Mawarid Manpower’s capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the capital increase requests of Saudi Networkers Services Company and Mawarid Manpower Company on 6 January 2026, according to bourse disclosures. Saudi Networkers Services plans …
Companies Investments
Photo Archive
28 December 2025 09:58 AM solutions names new Chairman, Vice Chairman
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) announced Riyadh Saeed Muawad and Haithem Mohammed Alfaraj as the Chairman and Vice Chairman, respectively. The general assembly approved the new appointment for a …
Board of Directors
Photo Gallery
17 December 2025 11:55 AM Saudi Elm ups stake in Sahl Almadar Trading
Riyadh - Mubasher: Elm Company has signed an agreement to increase its stake in Sahl Almadar Trading Company, the owner of the Madar Digital Platform, according to a press release. The agreement highlights Elm’s commitment to bolstering the …
Mergers and Acquisitions
Photo Archive
11 December 2025 03:43 PM 2P Perfect Presentation, Purity Tech secure financing from GIB
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) renewed a Shariah-compliant bank facility agreement valued at SAR 135 million with Gulf International Bank (GIB). The loan will be utilized for new …
Companies Investments
Photo Archive
7 December 2025 02:44 PM 2P Perfect Presentation acquires SAR 83m asset in Riyadh to support expansion
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has purchased a 3,005.14-square-meter (m²) commercial property in Riyadh for SAR 83 million to endorse the firm's growing business. The deal, signed …
Companies Investments
Photo Archive
19 November 2025 03:44 PM solutions pens SAR 262m hosting services deal with Center3
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 261.86 million contract with Digital Data Centers for Data and Telecommunication Company (Center3) to provide data center hosting services across Saudi …
Companies Investments
Photo Archived
2 November 2025 05:15 PM Elm registers 24% jump in 9M-25 net profits; revenues hit SAR 6.6bn
Riyadh - Mubasher: Elm Company posted SAR 1.64 billion in net profits during the first nine months (9M) of 2025, an annual hike of 23.70% from SAR 1.32 billion. Earnings per share (EPS) hiked to SAR 21.13 in 9M-25 from SAR 17.11 in 9M-24, …
Financial Results