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26 March 02:18 PM

Sector News

Photo Archive
24 March 02:13 PM GASCO to acquire 50% stake in JACKO Gases for SAR 125m
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) inked an equity interest purchase agreement to acquire a 50% equity in JACKO Gases for a total value of SAR 125 million. The acquisition follows a 100% capital increase of JACKO …
Companies Investments
Photo Archive
24 March 09:23 AM Anmat Technology awarded SAR 47m contract project from Saudi Energy
Riyadh - Mubasher: Anmaat Technology Company was awarded a framework purchase agreement with Saudi Energy Company at an approximate value of SAR 47 million on 16 March 2026. The deal covers the supply of specialized technical equipment and systems …
Companies Investments
Photo Archive
4 March 11:48 AM Acwa’s profits exceed SAR 1.8bn in 2025
Riyadh – Mubasher: Acwa achieved SAR 1.85 billion in net profit attributable to shareholders during 2025, marking a 5.42% year-on-year (YoY) rise from SAR 1.75 billion. The earnings per share (EPS) climbed to SAR 2.47 in January-December 2025 from …
Financial Results
Photo Archive
3 March 02:55 PM Saudi Energy’s profits surge 89% in 2025; revenues cross SAR 102bn
Riyadh - Mubasher: Saudi Energy Company achieved 88.95% year-on-year (YoY) higher net profits attributable to shareholders at SAR 12.97 billion in 2025, compared with SAR 6.86 billion. The earnings per share (EPS) totaled SAR 0.96 as of 31 …
Board of Directors
Sitecore
3 March 02:40 AM Sitecore accelerates momentum in Middle East via AI deployments, works with listed entities
Mubasher: Sitecore, a global player in AI-enabled digital experience software, announced a significant expansion of investment in the Middle East with a new deployment announced for Saudi Arabia in 2026, according to a press release. An early …
Banking and Finance
Saudi Energy Company (SE)
1 March 11:58 AM SEC launches new identity, logo
Riyadh - Mubasher: Saudi Electricity Company (SEC) changed its new corporate identity and officially rebranded as Saudi Energy Company (SE) to enhance energy supply security and grid reliability in line with the objectives of Vision 2030 The move …
Management Decisions
Samir J. Serhan,CEO of Acwa
1 March 11:08 AM Acwa names Serhan as new CEO
Riyadh – Mubasher: Acwa appointed Samir J. Serhan as the new CEO as part of a planned and structured leadership transition and succession process overseen by the company’s Board Nomination and Remuneration Committee. Since joining Acwa last year …
Board of Directors
Power and Water Utility Company for Jubail and Yanbu (Marafiq)
25 February 02:51 AM Marafiq generates over SAR 6.9bn revenue in 2025, to disburse 18% dividends for H2
Riyadh – Mubasher: The Power and Water Utility Company for Jubail and Yanbu (Marafiq) witnessed a remarkable 2,520.58% leap in net profit to SAR 449.43 million in 2025 compared to SAR 17.15 million in 2024. Commenting on the significant increase …
Board of Directors
Photo Gallery
24 February 02:59 AM Acwa to develop renewable energy projects in Türkiye with up to $5bn FDI expected
Riyadh – Mubasher: Acwa, which recently unveiled a new brand identity, has signed an Investment Agreement Key Terms (IA Key Terms) with the Ministry of Energy and Natural Resources of the Republic of Türkiye to develop 5 GW of five renewable …
Companies Investments
Photo Archive
23 February 12:46 PM Marafiq secures regional, global financing for $500m Amiral wastewater treatment project
Riyadh - Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) has completed the financial closure of the Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City 2, which is valued at $500 million …
Banking and Finance
GASCO
18 February 12:04 PM GASCO’s net profits cross SAR 249m in 2025
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) posted SAR 249.10 million in net profits attributable to shareholders during 2025, up 0.16% from SAR 248.70 million in 2024. The earnings per share (EPS) remained unchanged at …
Financial Results
Photo Gallery
4 February 11:43 AM Acwa-led consortium inks deal with Kuwait’s government for $4bn mega project
Riyadh - Mubasher: Acwa Company and Gulf Investment Corporation (GIC) signed an energy conversion and water purchase agreement (ECWPA) for Az-Zour North Phase 2 & 3 IWPP project in Kuwait. The consortium penned the 25-year deal with the Kuwaiti …
Companies Investments
Photo Archive
27 January 03:47 PM ACWA Power unveils new brand to drive global energy transition
Riyadh - Mubasher: ACWA Power Company unveiled a new brand identity that reflects its evolution from a Saudi pioneer to a global infrastructure platform serving people and communities, according to a press release. The rebranding aligns with the …
Companies Investments
Saudi Electricity Company (SEC)
22 January 03:33 PM SEC inks SAR 5.3bn agreement for Rabigh 1 expansion facility
Riyadh - Mubasher: Saudi Electricity Company (SEC) has penned an energy conversion agreement (ECA) valued at SAR 5.33 billion with the Saudi Power Procurement Company (SPPC) to purchase electricity generated from the Rabigh 1 expansion power …
Companies Investments
Photo Gallery
7 January 12:19 PM Trinasolar expands Saudi Arabia’s footprint through collaborations with ACWA Power
Riyadh – Mubasher: Trinasolar, a global leader in smart PV and energy storage solutions, entered into strategic partnerships with ACWA Power Company to accelerate its presence in Saudi Arabia. The collaborations align with Trinasolar’s commitment …
Global Economy
Photo Archive
31 December 2025 03:02 PM Alkhorayef Water awarded SAR 155m project contract
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has awarded a SAR 155.09 million contract with Jeddah Amana Municipality on 30 December for 60 months. The project will reflect on the listed company’s financials during the second …
Companies Investments
Photo Archive
28 December 2025 05:31 PM ACWA Power signs $400m deal for desalination plant in Azerbaijan
Riyadh – Mubasher: ACWA Power Company inked a public-private partnership agreement with the government of Azerbaijan, represented by Azerbaijan State Water Resources Agency (ADSEA), at a value of $400 million (SAR 1.50 billion). The deal covers …
Companies Investments
KKR
23 December 2025 11:41 PM Global firm KKR unveils 1st investment in Saudi Arabia through partnership with ACWA Power
Riyadh – Mubasher: US private equity company KKR has entered into a strategic financing transaction with ACWA Power in a transaction that marks the first investment for KKR in Saudi Arabia, according to a press release. The collaboration …
Global Economy
Photo Archive
16 December 2025 09:53 AM ACWA Power boosts energy, water projects in Africa via $5bn financing with AfDB
Riyadh – Mubasher: ACWA Power Company has signed a cooperation framework with the African Development Bank (AfDB) to expand investment and financing of power generation and water desalination projects across the African continent. Both sides plan …
Banking and Finance
Photo Gallery
9 December 2025 04:19 PM ACWA Power, Bapco Energies to establish integrated solar power plant
Riyadh – Mubasher: ACWA Power Company and Bapco Energies signed a joint development agreement to establish a solar power plant integrated with large-scale battery energy storage technology in the Eastern Province of Saudi Arabia. The announcement …
Companies Investments
Photo Archive
9 December 2025 00:38 PM GASCO announces 2 key appointments
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) appointed  Abdulaziz Fahad Al Khayal as the board’s Chairman for the next four years. Mohammed Hamad Al Kathiri was also named as the Vice Chairman, according to a bourse …
Board of Directors
Elsewedy Electric KSA
26 November 2025 06:17 PM Elsewedy Electric unveils $40m facility in Riyadh as 1st local factory accredited by SEC
Cairo - Mubasher: Elsewedy Electric KSA, a subsidiary of Elsewedy Electric Company, has inaugurated a $40 million factory in Riyadh’s Elsewedy Industrial Complex, according to a press release. The strategic investment exceeding SAR 75 million …
Corporate Actions
Photo Archive
5 November 2025 07:05 PM Marafiq’s profits up to SAR 398m in 9M-25; revenues jump 8%
Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) generated 2.88% higher net profits at SAR 398.21 million in the first nine months (9M) of 2025. The recorded earnings were compared with SAR 387.06 million as of 30 …
Financial Results
Photo Archive
5 November 2025 05:35 PM SEC posts SAR 78.2bn revenues in 9M-25; profits down
Riyadh – Mubasher: Saudi Electricity Company (SEC) recorded net profits worth SAR 11.58 billion in the first nine months (9M) of 2025, an annual fall of 4.57% from SAR 12.14 billion. On the other hand, the revenues hiked by 17.60% year-on-year …
Financial Results
Photo Archive
5 November 2025 03:21 PM GASCO’s net profits exceed SAR 185.5m in 9M-25
Riyadh - Mubasher: The net profits of National Gas and Industrialization Company (GASCO) declined by 1.64% to SAR 185.60 million in the first nine months (9M) of 2025 from SAR 188.70 million. The earnings per share (EPS) amounted to SAR 2.47 as of …
Financial Results