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28 February 05:55 AM

Sector News

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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
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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 …
Financial Results
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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% …
Global Economy
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 …
Real estate
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
Photo Archive
5 November 2025 09:32 PM Budget Saudi records SAR 1.7bn revenues in 9M-25; profits up 17%
Riyadh – Mubasher: The net profits of United International Transportation Company (Budget Saudi) hit SAR 248.66 million in the first nine months (9M) of 2025, an annual rise of 16.94% from SAR 212.62 million. The earnings per share (EPS) went up …
Financial Results
Photo Archive
4 November 2025 00:04 PM SAL’s net profits exceed SAR 496m in 9M-25
Riyadh – Mubasher: Saudi Logistics Services Company (SAL) posted 4.46% lower net profits at SAR 496.22 million in the first nine months (9M) of 2025, compared to SAR 519.40 million in 9M-24. Earnings per share (EPS) dropped to SAR 6.20 as of 30 …
Financial Results
Photo Gallery
2 November 2025 07:36 PM SAL marks 1st international expansion via partnership with TAM Group
Riyadh - Mubasher: SAL Saudi Logistics Services Company has signed a strategic partnership deal with TAM Group to enhance air cargo operations between Saudi Arabia and China. The deal marks SAL’s first international expansion and entry into the …
Companies Investments
Photo Archive
30 October 2025 03:14 PM SAPTCO achieves 37% higher net profits in 9M-25
Riyadh - Mubasher: The net profits of Saudi Public Transport Company (SAPTCO) reached SAR 28.58 million in the first nine months (9M) of 2025, marking a 37.11% year-on-year (YoY) hike from SAR 20.85 million. The company delivered an annual growth …
Financial Results
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26 October 2025 07:48 AM SISCO Holding’s GDI to acquire UAE-based Transcorp for AED 225m
Riyadh - Mubasher: Green Dome Investments (GDI), a portfolio company of Sustainable Infrastructure Holding Company (SISCO Holding), has signed an agreement to acquire 100% of  UAE-based Transcorp International for AED 225 million (SAR 229.75 …
Companies Investments
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26 October 2025 07:42 AM Saudi SAL, Emirates SkyCargo renew partnership to boost logistics operations
Riyadh - Mubasher: SAL Saudi Logistics Services Company renewed its partnership with Emirates SkyCargo to provide integrated solutions covering ground handling, air cargo, and logistics operations for the UAE carrier’s flights across airports in …
Companies Investments
Photo Archive
23 October 2025 05:30 PM Theeb Rent a Car obtains regulatory nod for capital increase to SAR 660m
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved Theeb Rent a Car Company’s request to raise its capital to SAR 659.71 million from SAR 430 million. The hike will be executed through the issuance of one bonus share for every two …
Management Decisions
Photo Archive
16 October 2025 06:58 AM Theeb Rent a Car reinforces branch network in Saudi Arabia
Riyadh – Mubasher: Theeb Rent a Car Company has inaugurated two new branches in Najran and Jazan to strengthen its business network and implement its strategic plan focused on growth and nationwide presence across Saudi Arabia. This launch brings …
Companies Investments
Photo Gallery
14 October 2025 05:42 PM SAL partners with SPL to enhance Saudi Arabia’s postal, logistics ecosystem
Riyadh - Mubasher: SAL Saudi Logistics Services Company has signed an agreement with Saudi Post (SPL), on 12 October, to enhance mail handling and transportation across Saudi Arabia. The 12-month deal covers ground handling for postal and …
Companies Investments
Photo Archive
12 October 2025 07:54 AM SAL establishes new subsidiary with SAR 1.4bn authorized capital
Riyadh - Muasher: SAL Saudi Logistics Services Company developed a wholly owned subsidiary named SAL Zones to support its future business expansion, fulfil strategic objectives, and diversify its revenues. The simplified joint stock company will …
Companies Investments
Photo Archive
8 October 2025 09:27 AM CMA approves capital increase for Munawla Cargo, Tadweer
Riyadh - Mubasher: The Capital Market Authority (CMA) approved Munawla Cargo Company’s plan to raise its capital to SAR 30 million from SAR 20 million by issuing one bonus share for every two shares owned. The increase, funded by transferring SAR …
Companies Investments
Photo Archive
8 October 2025 09:23 AM SAL finalizes lease agreement for SAR 4.2bn project in Falcon City
Riyadh - Muasher: SAL Saudi Logistics Services Company signed a final lease agreement with Sela Company for 1.57 million square meters (m²) in Falcon City, north of Riyadh, on 7 October. The 30-year deal includes a 15-year extension option and a …
Companies Investments
Photo Archive
5 October 2025 08:04 AM SISCO Holding inks SAR 132m deal to acquire majority stake in PSS
Riyadh - Mubasher: Sustainable Infrastructure Holding Company (SISCO Holding) has signed a sale and purchase agreement to acquire a 51% equity stake in Port Services & Storage Company (PSS) for up to SAR132 million. The all-cash deal includes an …
Mergers and Acquisitions