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27 February 02:49 PM

Sector News

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 …
Banking and Finance
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 …
Corporate Actions
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
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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 …
Companies Investments
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 …
Banking and Finance
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
Photo Archive
29 October 2025 08:14 AM solutions generates SAR 8.8bn revenues in 9M-25; profits fall 10% in Q3
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) logged net profits valued at SAR 1.22 billion in the first nine months (9M) of 2025, an annual drop of 3.62% from SAR 1.27 billion. Meanwhile, the revenues jumped …
Financial Results
Photo Archive
22 October 2025 00:39 PM 2P Perfect Presentation secures SAR 90m contract from Saudi gov’t
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has won a SAR 89.68 million contract from the Agricultural Development Fund (ADF) on 20 October. The partnership aims to provide managed services for …
Companies Investments
Photo Archive
22 October 2025 11:53 AM MIS wins SAR 98m IT project from SDAIA
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) was awarded a project by the Saudi Authority for Data and Artificial Intelligence (SDAIA) on 20 October. The project, valued at SAR 98.04 million, involves the provision of IT …
Companies Investments
Photo Archive
15 October 2025 03:57 PM Saudi Networkers Services names new Chairman, Vice Chairman
Riyadh - Mubasher: The board of Saudi Networkers Services Company elected new board leadership, ending on 13 October 2029, following the general assembly’s meeting. Abdulmohsen Ibrahim Abdulaziz AlTouq was appointed Chairman for a four-year term, …
Board of Directors
Photo Archive
7 October 2025 09:26 AM 2P Perfect Presentation secures SAR 120m facility with NBK
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) signed a SAR 120 million Sharia-compliant facility with National Bank of Kuwait (NBK) on 5 October. The one-year financing will fund new projects, …
Banking and Finance
Photo Archive
28 September 2025 06:49 PM Saudi Networker Services eyes moving shares to TASI
Riyadh - Mubasher: The board of Saudi Networkers Services Company (NSN) has approved transferring its shares from the Parallel Market (Nomu) of the Saudi Exchange to the Main Market (TASI) on 25 September 2025. The move is subject to the Capital …
Companies Investments
Photo Archive
28 September 2025 05:58 PM solutions inks SAR 313.5m agreement with stc
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a SAR 313.39 million contract with Saudi Telecom Company (stc) on 25 September 2025. The 36-month deal aims to expand and develop stc’s internet and …
Companies Investments
Photo Archive
24 September 2025 01:46 PM 2P Perfect Presentation awarded SAR 100m project contract
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has been awarded a SAR 100 million contract by the General Organization for Social Insurance (GOSI). The deal, which covers the establishment of …
Companies Investments
Photo Archive
23 September 2025 00:19 PM Elm extends SAR 500m loan from Al Rajhi Bank
Riyadh - Mubasher: Elm Company renewed a bank facilities agreement worth SAR 500 million with Al Rajhi Bank on 22 September 2025, according to a bourse disclosure. The Sharia-compliant credit facility deal will be valid for 12 months and secured …
Companies Investments
Photo Gallery
22 September 2025 08:34 AM Najm, Elm forge partnership at Money20/20 Middle East conference
Riyadh - Mubasher: Najm for Insurance Services has signed a cooperation deal with Elm Company on the sidelines of the Money20/20 Middle East conference to enhance the quality of services provided to beneficiaries. The two parties will join forces …
Event