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12 April 01:34 AM

Sector News

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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 …
Corporate Actions
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 …
Companies Investments
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) …
Cash Dividends
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 …
Global Economy
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 …
Global Economy
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% …
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 …
Global Economy
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
Photo Gallery
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
Photo Gallery
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