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15 July 05:33 PM EIC recovers SAR 26m fine from GAC
Riyadh - Mubasher: Electrical Industries Company (EIC) has successfully recovered a fine totaling SAR 26.10 million from the General Authority for Competition (GAC). The payment, received on 14 July 2026, follows a legal process involving two of …
Saudi Minister of Finance Mohammed Aljadaan
14 July 05:41 PM Saudi Cabinet approves updated state revenues law
Riyadh – Mubasher: The Cabinet approved the updated State Revenues Law during its session held on Tuesday, 14 July 2026, in Jeddah. Minister of Finance Mohammed Aljadaan expressed his appreciation to the Custodian of the Two Holy Mosques and the …
Saudi Riyal
8 July 08:43 PM Keir International discloses legal claims following annual financials
Riyadh – Mubasher: Keir International Company unveiled an update regarding material legal liabilities disclosed in its annual financial statements for the fiscal year ended on 31 December 2025. The company confirmed that the total value of …
Photo Archive
7 July 08:48 AM Thimar shareholders approve legal action against former management
Riyadh – Mubasher: Thimar Development Holding Company announced that its ordinary general meeting (OGM), held on 6 July 2026, approved measures to initiate legal proceedings against former leadership. The meeting, conducted at the company’s …
Photo Archive
6 July 08:22 AM Batic’s unit receives SAR 42m enforcement order from administrative court
Riyadh – Mubasher: Batic Investments and Logistics Company announced on 5 July 2026 that its subsidiary, Smart City Solutions for Communications and Information Technology, received an enforcement order from the Administrative Enforcement Court. …
Photo Archive
2 July 06:07 PM Tihama Advertising issues clarification following regulatory sanctions against director
Riyadh – Mubasher: Tihama Advertising, Public Relations and Marketing Company has issued an addendum to its previous general assembly invitation, providing specific regulatory justifications for the proposed removal of board member Saleh Ghadeer …
Capital Market Authority (CMA)
29 June 12:55 PM Saudi CMA imposes fines on Red Sea International
Riyadh – Mubasher: The Capital Market Authority (CMA) has announced the imposition of financial penalties totaling SAR 40,000 on Red Sea International Company following breaches of the Rules on the Offer of Securities and Continuing Obligations. …
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28 June 11:26 AM Jabal Omar outlines new strategy following real estate ownership law for non-Saudis
Riyadh – Mubasher: Jabal Omar Development Company, a leading real estate developer in the Holy City of Makkah, has unveiled a comprehensive strategic plan to leverage recent regulatory changes allowing non-Saudi ownership within its flagship …
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23 June 12:44 PM Al Sagr Cooperative’s shareholders approve liability lawsuits against former executives
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has announced the results of its Ordinary General Assembly Meeting, held on 22 June 2026, where shareholders approved significant legal actions against former leadership and ratified the …
Photo Archive
9 June 08:11 AM Northern Region Cement files lawsuit against Safwa Cement
Riyadh – Mubasher: Northern Region Cement Company filed a lawsuit against Safwa Cement Company for violating the company’s patent relating to the conversion of an ordinary black Portland cement production line to white Portland cement using an …
Photo Archive
7 June 08:32 AM Saudi Darb notifies investors regarding appeal against SAR 100m compensation lawsuit
Riyadh – Mubasher: Saudi Darb Investment Company disclosed an update regarding the lawsuit filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013. The case filed before the Capital Market …