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10 May 06:18 PM

Sector News

Saudi Public Transport Company (SAPTCO)
7 May 11:11 PM SAPTCO turns profitable in Q1-26 amid 16% higher revenue; accumulated losses unveiled
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) achieved net profits worth SAR 5.34 million in the first quarter (Q1) of 2026. The company shifted to net earnings in January-March 2026 from net losses of SAR 24.31 million in Q1-25, …
Company News
Saudi Ground Services Company
7 May 11:34 AM Saudi Ground Services records nearly SAR 60.5m net profit amid higher revenue in Q1-26
Riyadh – Mubasher: Saudi Ground Services Company registered net profits worth SAR 60.45 million in the first quarter (Q1) of 2026, reflecting a 38.07% decrease from SAR 97.62 million in Q1-25. The earnings per share (EPS) stood at SAR 0.32 in …
Company News
SAL
3 May 04:19 PM SAL unveils higher profits in Q1-26, cash dividends
Riyadh - Mubasher: SAL Saudi Logistics Services Company recorded 2.29% year-on-year (YoY) higher net profits after tax valued at SAR 156.60 million in the first quarter (Q1) of 2026, versus SAR 153.09 million. SAL generated revenues of SAR 445.78 …
Financial Results
Photo Archive
28 April 03:17 PM Saudi Ground Services unveils SAR 315m project with Riyadh Airports
Riyadh - Mubasher: Saudi Ground Services Company (SGS) was awarded a SAR 314.88 million contract with Riyadh Airports Company to operate and maintain passenger boarding bridges and related services at King Khalid International Airport in Riyadh. …
Company News
Photo Archive
20 April 11:58 AM Cherry Trading wins SAR 61.5m vehicle leasing project
Riyadh - Mubasher: Cherry Trading Company has secured a vehicle leasing project from the Riyadh Municipality, with a total value of SAR 61.40 million. The project, awarded on 19 April 2026, involves leasing 922 vehicles to the Riyadh Municipality …
Company News
Photo Archive
16 April 05:02 PM Cherry Trading inks SAR 30m contract with SFDA
Riyadh - Mubasher: Cherry Trading Company has signed a vehicle leasing contract with the Saudi Food and Drug Authority (SFDA) at a total value of SAR 30.16 million. The contract was signed on 15 April 2026, covering the leasing of 275 vehicles for …
Company News
Photo Archive
5 April 09:50 AM SAL names Chairman, Vice Chairman
Riyadh - Mubasher: SAL Saudi Logistics Services Company appointed Fawaz Mohammed Al Fawwaz as the Chairman for a new term commencing on 30 March 2026, ending on 29 March 2030. Mohammad Abdullah Abunayyan was named as the Vice Chairman for four …
Management Decisions
Photo Archive
30 March 11:37 AM SAPTCO’s net profits leap 649.5% in 2025
Riyadh - Mubasher: Saudi Public Transport Company (SAPTCO) posted 649.39% year-on-year (YoY) higher net profits attributable to the owners at SAR 113.27 million in 2025, versus SAR 15.11 million. The revenues jumped by 25.14% to SAR 1.82 billion …
Financial Results
Saudi Ground Services
30 March 10:48 AM Saudi Ground Services’ profits hike 24% in 2025; revenues hit SAR 2.7bn
Riyadh - Mubasher: The net profits attributable to the shareholders of Saudi Ground Services Company (SGS) jumped by 23.75% year-on-year (YoY) to SAR 404.70 million in 2025 from SAR 327.03 million. Net revenues increased by 1.71% to SAR 2.79 …
Financial Results
SAL Project at King Khalid International Airport in Riyadh
19 March 02:57 AM Elsewedy Electric’s subsidiary leads expansion of SAL project at Riyadh airport
Cairo – Mubasher: Rowad Modern Engineering, a subsidiary of the Egyptian company Elsewedy Electric, has commenced the development and expansion project for the facilities of Saudi Logistics Services Company (SAL) at King Khalid International …
Global Economy
The United International Transportation Company (Budget Saudi)
16 March 02:38 AM Budget Saudi delivers 10% higher net profits in 2025; board recommends H2 dividends
Riyadh – Mubasher: The United International Transportation Company (Budget Saudi) has achieved consolidated net profits worth SAR 345.76 million in 2025, signaling a 9.89% increase from SAR 314.63 million in 2024. The earnings per share (EPS) …
Board of Directors
flynas
11 March 10:37 AM flynas delivers resilient operational, financial performance in 2025 due to regional expansion
Riyadh - Mubasher: Flynas Company incurred net losses attributable to the shareholders amounting to SAR 526.99 million in 2025, against net profits valued at SAR 433.50 million in 2024. The revenues climbed by 3.81% year-on-year (YoY) to SAR 7.84 …
Financial Results
Photo Archive
9 March 01:59 PM SISCO Holding closes 2025 with positive financial performance; revenues leap 21.5%
Riyadh - Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) generated net profits attributable to the shareholders valued at SAR 96.40 million in 2025, against net losses of SAR 740,000 a year earlier. The earnings per share (EPS) …
Financial Results
Photo Archive
25 February 11:31 AM Lumi posts nearly 10% higher net profits in 2025
Riyadh - Mubasher: Lumi Rental Company generated SAR 198.08 million in net profits attributable to the shareholders during 2025, which signaled a 9.86% year-on-year (YoY) rise from SAR 180.30 million. The earnings per share (EPS) climbed to SAR …
Financial Results
Photo Gallery
22 February 01:30 PM Lumi boosts regional mobility network with new branch in Qassim
Riyadh - Mubasher: Lumi Rental Company has opened its new branch in Qassim to reinforce its regional expansion strategy and respond to rising demand for mobility services in the central Northern region. The launch aims to enhance convenience and …
Companies Investments
Photo Archive
11 February 05:39 PM SAL’s net profits increase 5.5% in 2025; dividends for Q4 unveiled
Riyadh - Mubasher: SAL Saudi Logistics Services Company generated SAR 697.89 million in net profits attributable to shareholders during 2025, which signaled a 5.51% year-on-year (YoY) jump from SAR 661.43 million. The earnings per share (EPS) grew …
Board of Directors
Photo Gallery
8 February 01:19 PM Flynas to establish MENA-focused JV in Syria
Riyadh - Mubasher: Flynas Company has entered into a partnership agreement with the Syrian Civil Aviation Authority for a joint venture (JV) to establish and operate a new airline company under its brand. The Saudi group will hold an initial 49% …
Companies Investments
Photo Archive
1 February 06:01 PM SISCO Holding’s Tawzea secures SAR 133m water services contract in Madinah
Riyadh - Mubasher: The International Water Distribution Company (Tawzea), a portfolio company of Sustained Infrastructure Holding Company (SISCO Holding), has penned a SAR 133.45 million contract with the National Water Company (NWC). The contract …
Companies Investments
Photo Archive
5 January 02:50 PM Tassnief assigns SAL's Sukuk ratings of 'A'; stable outlook
Riyadh - Mubasher: SIMAH Rating Agency (Tassnief) has assigned a long-term rating of ‘A’, a short-term rating of ‘T-2’, and an ‘A’ rating for Saudi Logistics Services Company's (SAL) Sukuk program, with a stable outlook. The ratings reflect SAL’s …
Ratings
Saudi Arabia's Riyadh
29 December 2025 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes
Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …
Macroeconomics
Photo Archive
21 December 2025 07:04 PM Theeb Rent a Car signs SAR 110m leasing deal with HungerStation
Riyadh - Mubasher: Theeb Rent a Car Company has inked a long-term vehicle leasing contract valued at SAR 110.40 million with HungerStation Company, according to a bourse disclosure. Under the four-year agreement, Theeb Rent a Car will lease 2,000 …
Companies Investments
Photo Archive
25 November 2025 05:08 PM SAL’s unit pens deal with Flyadeal to expand logistics services
Riyadh – Mubasher: SAL Logistics Division, a subsidiary of Saudi Logistics Services Company (SAL), inked a logistics services agreement with Flyadeal Company on 25 November, according to a bourse disclosure. Under the three-year deal, SAL …
Companies Investments
Photo Archive
10 November 2025 05:09 PM Saudi Ground Services achieves SAR 298.5m profits in 9M-25
Riyadh - Mubasher: Saudi Ground Services Company generated SAR 298.50 million in net profit during the first nine months (9M) of 2025, marking an annual leap of 29.06% from SAR 231.27 million. The earnings per share (EPS) totaled SAR 1.59 as of 30 …
Financial Results
Photo Gallery
10 November 2025 00:11 PM Flynas records SAR 6bn revenues in 9M-25 supported by global expansions
Riyadh - Mubasher: Flynas company shifted to net losses valued at SAR 594.43 million in the first nine months (9M) of 2025, against net profits of SAR 492.62 million in 9M-24. Meanwhile, the revenues grew by 2.91% to SAR 6.06 billion in 9M-25 from …
Global Economy
Photo Archive
6 November 2025 11:36 AM SISCO Holding turns to net profits at SAR 62m in 9M-25
Riyadh - Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) shifted to net profits of SAR 61.70 million in the first nine months (9M) of 2025, versus net losses worth SAR 20.10 million in 9M-24. Meanwhile, the revenues climbed by …
Financial Results