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30 January 02:07 PM

Sector News

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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 …
Financial Results
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
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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 …
Corporate Actions
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 …
Corporate Actions
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 …
Companies Investments
Photo Archive
28 September 2025 01:03 PM Saudi Ground Services to disburse SAR 188m cash dividends for H1-25
Riyadh - Mubasher: Saudi Ground Services Company announced SAR 188 million as interim cash dividends for the first half (H1) of 2025, according to a bourse filing. The Tadawul-listed company will pay out a dividend of SAR 1 per share, equivalent …
Board of Directors
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2 September 2025 01:56 PM Flynas bolsters global aviation operations via SAR 504m Murabaha deal with SAB
Riyadh - Mubasher: Flynas company has secured a Murabaha facility agreement worth SAR 504 million ($134.40 million) from Saudi Awwal Bank (SAB). The agreement aims to finance the delivery of new Airbus A320neo aircraft, according to a bourse …
Companies Investments
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27 August 2025 05:53 AM Flynas resumes flights to Kuwait
Riyadh – Mubasher: Flynas Company has resumed direct flights between Jeddah and Kuwait as of 1 November to further expand its network in line with its growth and expansion plan. This aligns with national objectives in the aviation and tourism …
Companies Investments
Photo Archive
13 August 2025 06:34 PM Budget Saudi announces 19.5% higher profits in H1-25, cash dividends
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) logged net profits totaling SAR 168.39 million in the first half (H1) of 2025, up 19.48% year-on-year (YoY) from SAR 140.92 million. The Tadawul-listed company generated …
Financial Results
Photo Archive
11 August 2025 11:46 AM Flynas’ revenues cross SAR 4.5bn in H1-25 following IPO
Riyadh – Mubasher: Flynas Company shifted to net losses valued at SAR 714.64 million in the first half (H1) of 2025, against net profits of SAR 388.01 million in H1-24. Loss per share amounted to SAR 4.58  at the end of June 2025, compared to an …
Financial Results