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13 August 06:09 PM

Sector News

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12 August 11:17 AM Arab Sea Information Systems turns profitable in Q2-26; accumulated losses fall
Riyadh – Mubasher: Arab Sea Information Systems Company swung to a net profit of SAR 1.62 million for the second quarter (Q2) of 2026, against a net loss of SAR 2.70 million during the same period in 2025. The company attributed the turnaround to …
Company News
Photo Archive
11 August 12:15 PM 2P Perfect Presentation secures SAR 448m credit facilities from SAB
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) renewed and increased its Sharia-compliant credit facilities with Saudi Awwal Bank (SAB). The financing agreement is valued at SAR 447.99 million and …
Companies Investments
Photo Archive
10 August 06:44 PM Naseej for Technology witnesses over 1,914% leap in H1-26 net profit
Riyadh — Mubasher: Naseej for Technology Company reported a significant increase in net profit for the six-month period ended on 30 June 2026, with earnings reaching SAR 2.27 million. The positive results represented a 1,914.92% surge compared to …
Financial Results
Photo Archive
10 August 03:31 PM Saudi Azm’s Wasel Platform receives SAMA digital brokerage license
Riyadh – Mubasher: Wasel Platform for Communications and Information Technology, a subsidiary of Saudi Azm for Communication and Information Technology Company, has obtained a formal license from the Saudi Central Bank (SAMA). The license, …
Companies Investments
Photo Archive
6 August 01:30 PM MIS awarded over SAR 50.5m contract by Al Noor Specialist Hospital
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) announced the award of a project with Al Noor Specialist Hospital in Makkah, part of the Makkah Health Cluster, valued at SAR 50.69 million inclusive of value-added tax. The scope of …
Company News
Photo Archive
6 August 05:59 AM 2P Perfect Presentation’s net profits cross SAR 69.5m in H1-26
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) achieved a 3.41% rise in net profit to SAR 69.62 million during the first half (H1) of 2026, versus SAR 67.32 million in H1-25. Total revenue for the …
Financial Results
Photo Archive
5 August 06:43 PM MIS rolls out 5-year agreement with Aramco
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) signed a five-year framework agreement with Saudi Arabian Oil Company (Aramco) for the provision of data center leasing services. The contract includes an option for a two-year …
Company News
Photo Archive
5 August 11:23 AM Saudi Azm launches board nomination for additional seat
Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company has opened the nomination period for one additional board member for the current term. The term, which commenced on 22 June 2026, is scheduled to conclude on 21 June …
Management Decisions
Photo Archive
5 August 07:56 AM Saudi Azm recommends board expansion to 6 members
Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company’s board of directors issued a recommendation on 30 July 2026 to amend Article 15/A of the company’s Bylaws concerning the composition of the board. The proposal …
Company News
Photo Archive
4 August 08:48 PM solutions pens SAR 364m agreement to establish DDC307 data center in Dammam
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a contract valued at SAR 364 million with Center3 to establish, build, and equip the DDC307 data center in Dammam. The agreement, signed on 3 August …
Company News
CMA
4 August 05:27 PM MIS awarded SAR 81m project contract by CMA
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has been awarded a contract by the Capital Market Authority (CMA) valued at SAR 80.88 million, inclusive of value-added tax. The project was officially awarded on 3 August 2026, with …
Company News
Photo Archive
3 August 01:17 PM Saudi Azm’s board recommends share buyback transaction
Riyadh – Mubasher: The board of Saudi Azm for Communication and Information Technology Company recommended on 30 July 2026 the buyback of up to 3.60 million ordinary shares. The company intends to hold these as treasury shares specifically for …
Corporate Actions
Saudi Azm
3 August 10:49 AM Saudi Azm signs MoU to fully acquire AZM FinTech
Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company signed a non-binding memorandum of understanding (MoU) on 1 August 2026 to study the potential acquisition of 100% of the shares in Azm Fintech. The agreement …
Company News
Photo Archive
3 August 08:34 AM Saudi Azm records 36% higher profits in FY25/26
Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company generated net profits of SAR 50.99 million for the fiscal year (FY) that ended on 30 June 2026, an annual leap of 36.17% from SAR 37.45 million. The earnings per …
Company News
Photo Archive
2 August 03:34 PM MIS to disburse SAR 30m dividends for Q1-26
Riyadh – Mubasher: The board of Al Moammar Information Systems Company (MIS) has approved the distribution of SAR 30 million in interim cash dividends to shareholders for the first quarter (Q1) of 2026. The payout is equivalent to SAR 1 per share, …
Cash Dividends
Photo Archive
2 August 09:12 AM Elm invites shareholders to vote on amendments at EGM
Riyadh – Mubasher: Elm Company has invited its shareholders to attend the Extraordinary General Meeting (EGM) scheduled for 19:00 on 25 August 2026. The meeting will be conducted via modern technology through the Tadawulaty platform. The agenda …
Company News
Photo Archive
2 August 07:31 AM Elm’s board greenlights SAR 390m interim cash dividends for H1-26
Riyadh – Mubasher: The board of Elm Company has approved the distribution of interim cash dividends to shareholders for the first half (H1) of 2026. The total amount to be distributed is SAR 389.87 million, covering 77.97 million eligible shares, …
Cash Dividends
Photo Archive
2 August 07:12 AM MIS records 35% higher net profits in Q2-26
Riyadh — Mubasher: Al Moammar Information Systems Company (MIS) generated net profits valued at SAR 43.51 million for the second quarter (Q2) of 2026, up 34.79% year-on-year (YoY) from SAR 32.28 million. The profit growth was driven by a …
Company News
Photo Archive
2 August 07:07 AM Elm generates SAR 1.1bn net profits in H1-26
Riyadh – Mubasher: Elm Company registered net profits totaling SAR 1.17 billion for the first half (H1) 2026, representing a 7.74% increase from SAR 1.09 billion in H1-25. The company’s revenue for H1-25 climbed by 21.23% to SAR 5 billion, …
Company News
Photo Archive
30 July 06:26 AM Edarat receives SAR 20m purchase order from MIS
Riyadh – Mubasher: Edarat Communication and Information Technology Company has received a purchase order valued at SAR 19.84 million from Al Moammar Information Systems Company (MIS). The contract, awarded on 29 July 2026, covers the provision of …
Company News
Photo Archive
30 July 06:22 AM Aljazira Capital affirms ‘overweight’ rating on solutions following Q2-26 earnings
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) delivered solid financial results in the second quarter (Q2) of 2026. The company witnessed stronger-than-expected gross and operating profitability offset by …
Company News
Photo Archive
30 July 05:37 AM Edarat logs 30% leap in H1-26 net profits
Riyadh – Mubasher: Edarat Communication and Information Technology Company logged net profits valued at SAR 19.79 million in the first half (H1) of 2026, an annual jump of 29.80% from SAR 15.24 million. The company achieved a net profit margin of …
Financial Results
Photo Archive
29 July 08:51 PM MIS awarded roughly SAR 180m project with King Saud Medical City
Riyadh — Mubasher: Al Moammar Information Systems Company (MIS) announced the award of a project to provide information technology services and maintenance for medical devices and equipment at King Saud Medical City. The contract is valued at a …
Company News
Saudi Riyal
29 July 07:34 PM MIS renews nearly SAR 420m funding agreement with SAB
Riyadh — Mubasher: Al Moammar Information Systems Company (MIS) announced the renewal and amendment of a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB) at a total value of SAR 419.75 million. The final approval and signing …
Company News
Arabian Internet and Communications Services Company (solutions)
29 July 11:32 AM solutions generates over SAR 6bn revenue in H1-26 amid 2% profit growth
Riyadh — Mubasher: Arabian Internet and Communications Services Company (solutions) recorded a net profit of SAR 824 million in the first half (H1) of 2026, representing a 2.11% increase from SAR 807 million in H1-25. Revenue for the half-year …
Financial Results