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Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) has appointed Wazen Al Solami to be the CEO of Yansab starting from 1 May 2024. The decision was made during the board meeting on 18 April this year, according to a bourse filing. Al …

Riyadh – Mubasher: The Saudi Exchange (Tadawul) launched the Single Stock Options (SSOs) contracts on the Saudi Arabian Mining Company (Ma'aden). SSOs are set to be available from 21 April 2024, which will be cleared by the Securities Clearing …

Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …

Riyadh – Mubasher: Sure Global Tech Company has signed a three-year contract with a total value of SAR 94.16 million. Under the contract, Sure will build, develop, and operate an electronic platform, according to a bourse filing. The contract is …

Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a SAR 1.72 billion contract from National Water Company for long-term operation and maintenance works at Sewage Treatment Plants in Al Ahsa City. Under the 15-year …

Riyadh – Mubasher: The shareholders of Edarat Communication and Information Technology Company gave a nod, during their extraordinary general meeting (EGM) on 16 April 2024, for doubling the capital through bonus shares.   This decision builds on …

Riyadh – Mubasher: National Building and Marketing Company has extended a Sharia-aligned bank facilities agreement with Alinma Bank as signed on 16 April 2024. The revolving loan is valued at SAR 85 million and holds a nine-month tenor, according …

Riyadh – Mubasher: Saudi Cable Company named Fawaz Mubarak Al Muqbel as its new CEO as of 17 April 2024, according to a bourse disclosure. Al Muqbel succeeded Nael Samir Fayez, who was appointed as the company’s CEO in February 2023 and currently …

Riyadh – Mubasher: Ladun Investment Company’s board approved signing a SAR 573 million credit facility agreement with Al Rajhi Bank. The loan will be used to finance the company and its subsidiary Built Industrial, according to a bourse filing. …

Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) announced the increase and renewal of a Sharia-compliant bank facility with Saudi Awwal Bank (SAB) as per the agreement signed on 15 April 2024. The funding …

Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) was awarded a SAR 46 million project on 15 April 2024. The listed company will integrate the management of technical services provided at Umm Al Qura …

Riyadh – Mubasher: Leejam Sports Company (Fitness Time) opened a new centre for men in Muzahmia Province on 14 April 2024, according to a bourse filing. The centre is located in the Nawara district of Muzahmia Province and will contain advanced …

Mubasher: GFH Financial Group announced plans to acquire the financing and investment portfolios of Ithmaar Holding, according to a bourse disclosure. GFH highlighted that discussions are in progress to finalise the transaction structure, which is …

Riyadh – Mubasher: Saudi Cable Company has appointed Sabri Alghamdi as the new Chairman of the company upon the board’s resolution on 7 April 2024, which built on the ordinary general meeting’s (OGM) approval on 3 April. The company also announced …

Riyadh – Mubasher: The board of Gulf Insurance Group (GIG) recommended, in its 4 April 2024 meeting, the distribution of SAR 1.50 per share as a cash dividend for 2023. Upon the shareholders’ approval, the company would pay out a total of SAR …

Riyadh – Mubasher: Arabian Drilling has announced that it is in talks with Saudi Arabian Oil Company (Aramco) concerning contract suspensions of three of its offshore rigs. The suspensions could last up to a year, according to a bourse filing. …

Riyadh – Mubasher: The board of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) recommended the distribution of SAR 105 million in cash dividends for 2023. The suggested dividends amount to SAR 1.50 per share to be distributed to 70 …

Riyadh – Mubasher: Almuneef Company for Trade, Industry, Agriculture and Contracting announced the resignation of its CEO, Hisham Saleh Nasser Al Tuaimi. Al Tuaimi resigned from his position, on 3 April 2024, due to his health conditions, …

Riyadh – Mubasher: Riyad Bank’s board decided to start the assessment and preparation of a possible Initial Public Offering (IPO) and listing of its subsidiary, Riyad Capital, on the Main Market of the Saudi Exchange. The bank announced that it …

Riyadh – Mubasher: Al Hammadi Holding sold land in Riyadh to Emmar Ocean Company, with a total price of SAR 124.60 million on 2 April 2024. Located in Al Rayyan District, the land spans 35,600 square metres, according to a bourse disclosure. Emmar …

Mubasher: Ekttitab Holding incurred accumulated losses valued at KWD 20.95 million at the end of the fourth quarter (Q4) of 2023, according to a bourse disclosure. The registered accumulated losses, which represent 65.76% of the paid-up capital, …

Riyadh – Mubasher: Seera Group Holding has announced the appointment of the Chairman, the Vice Chairman, the Managing Director, and the Acting CEO upon a board meeting held on 1 April 2024. The company elected Mohammed bin Saleh AlKhalil as the …

Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has invested $450 million in the US real estate sector between the fourth quarter (Q4) of 2023 and Q1-24. In the Medical Clinics sector, GFH Partners has a portfolio of assets …

Riyadh – Mubasher: The board members of Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail) recommended a 91.28% capital cut to SAR 100 million from SAR 1.14 billion. The board proposed the capital reduction, on 31 March 2024, to offset the …

Riyadh – Mubasher: WESCOA and Saudi Transformers Company, a subsidiary of Electrical Industries Company (EIC), penned agreements valued at SAR 158 million with Saudi Electricity Company (SEC). The subsidiary will supply electrical equipment to SEC …