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Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) on 23 July 2024 secured a SAR 25 million credit facilities from Al Rajhi Bank to fund existing projects and business expansion. Guarantees offered for the financing include a …

Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Saudi Awwal Bank (SAB) to reschedule SAR 154.45 million Islamic facilities to support its operations. The company signed the agreement on 24 July 2024 for seven years ending in …

Riyadh – Mubasher: Sure Global Tech Company was awarded a project contract worth SAR 13.97 million, according to a bourse disclosure. The company received the awarding notification from the Research Development and Innovation Authority on 23 July …

Riyadh – Mubasher: Middle East LPG Expo - Saudi Arabia 2024 is set to take place during 10-11 September 2024, according to a press release. LPG Expo, a leading exhibition and conference organiser in the liquefied petroleum gas (LPG) industry, …

Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank. The approval was granted on 23 July 2024 for the funding date of 22 July this …

Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Alinma Bank to reschedule Islamic facilities to support the cement manufacturer’s operations. The financing amount and rescheduled part financing value totals SAR 374 million, …

Riyadh – Mubasher: Bena Steel Industries Company’s board on 22 July 2024 recommended to the general assembly the distribution of SAR 4.50 million in cash dividends for 2023. Around five million shares are eligible for the proposed dividends, whose …

Riyadh – Mubasher: Edarat Communication and Information Technology Company has signed two contracts with BPS ARABIA for Information Technology and Digital Centers for Data and Communication for cloud, data centre design, supervision, consulting …

Riyadh – Mubasher: First Milling Company (First Mills) witnessed a 13.40% year-on-year (YoY) rise in net profit to SAR 123.22 million during the first half (H1) of 2024, compared to SAR 108.66 million. The revenues stood at SAR 518.79 million in …

Mubasher: GFH Financial Group has increased its equity ownership in GFH Equities, previously known as GBCorp, by 12.50% during July 2024. Following the transaction, the cross-listed group holds a majority stake of 76.63%, according to a press …

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) secured a Sharia-compliant facility worth SAR 340.26 million from Saudi Awwal Bank (SAB) on 17 July 2024 and signed the funding agreement on the 22nd. MIS will use the secured amount …

Riyadh – Mubasher: Ladun Investment Company announced the signing of a project deal between its subsidiary Built Industrial Company and the Ministry of Municipalities and Housing on 22 July 2024. Under a total deal value of SAR 628.09 million, …

Riyadh – Mubasher: Built Industrial Company, a fully-owned subsidiary of Ladun Investment Company was awarded a SAR 120.57 million project contract from the Royal Commission for Jubail and Yanbu (RCJY). The project covers all the necessary work to …

Riyadh – Mubasher: Saudi Tadawul Group Holding Company witnessed 86.42% year-on-year (YoY) higher net profits at SAR 365.40 million in the first half (H1) of 2024, compared to SAR 196 million. The revenues hit SAR 741.10 million in H1-24, marking …

Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) has received an acceptance letter from Miahona Company, approving its inclusion in its consortium with N.V. BESIX S.A. Sharjah branch for the Al-Haer independent …

Riyadh – Mubasher: Rawasi Albina Investment Company has signed a contract valued at SAR 13.62 million, including the value-added tax (VAT), to carry out the infrastructure works of Al Ghurub community project in Medina. The contract holds a …

Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …

Riyadh – Mubasher: Amlak International Finance Company has appointed Abdullah bin Ibrahim Al Howaish as the Chairman for the new board term, which commenced on 4 June 2024. The company appointed Amr bin Mohammed Kamel as the Vice Chairman and …

Riyadh – Mubasher: Leejam Sports Company has announced changing its name on the Saudi Exchange (Tadawul) from Fitness Time to Leejam Sports. The decision aims to align the company’s name with its vision of being the leader in the sports and …

Riyadh – Mubasher: Prefect presentation for commercial services Company (2P Prefect Presentation) has signed a Sharia-aligned increase facility agreement with Riyad Bank on 10 July 2024. The facility agreement holds a value of SAR 121 million …

Riyadh – Mubasher: Saudi Home Loans Company (SHL) renewed a Sharia-compliant credit facilities agreement with Arab National Bank (ANB) at an amount of SAR 2.05 billion. The facility will be used to expand and increase the sales volume in line with …

Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has launched and closed its seventh logistics and industrial fund in the US, according to a press release. The portfolio includes 25 industrial and transportation logistics …

Riyadh – Mubasher: The board of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) agreed to provide a corporate guarantee to support the issuance of a credit facility for its joint venture (JV) in Algeria, Jamjoom Algeria Lil Dawa SPA. A …

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) ended the contract of Christopher Gerard Warwick, the Acting CEO of AMAK. The board members named Nihat Soyer as an Acting CEO of Amak on 4 July 2024, according to a bourse disclosure. …

Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) sealed a SAR 51.74 million contract with Prince Muhammad bin Abdul-Aziz Hospital in Riyadh. The agreement covers the operation and maintenance work of the …