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4 August 07:39 AM Tihama Advertising loses appeal in MEFIC Capital lawsuit
Riyadh – Mubasher: Tihama Advertising, Public Relations and Marketing Company announced that the Committee for Resolution of Securities Disputes has issued a final decision upholding a previous ruling against the company. The decision confirms the …
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4 August 07:26 AM Nama Chemicals seeks arbitration over contract termination
Riyadh — Mubasher: Jubail Chemical Industries Company (JANA), a subsidiary of Nama Chemicals Company, commenced arbitration proceedings on 2 August against a consortium comprising Green Al Rawaq Environmental Services Company and Confident …
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3 August 08:24 AM SACO receives SAR 41.5m arbitration claim from Astra Food
Riyadh – Mubasher: The board of Saudi Company for Hardware (SACO) received a statement of claim on 2 August 2026, regarding a commercial arbitration case filed by Astra Food Company Limited. The dispute involves a franchise rights licensing …
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28 July 07:50 PM Saudi Darb pursues SAR 100m enforcement against former directors
Riyadh – Mubasher: Saudi Darb Investment Company announced on 28 July 2026 that it received updates from the legal counsel regarding the enforcement of a final judicial decision against former board members. The case involves a claim for joint and …
Photo Archive
27 July 01:05 PM Batic receives suspension reinforcement order
Riyadh – Mubasher: Smart City Solutions for Communications and Information Technology, a subsidiary of Batic Investments and Logistics Company, received a court notification on 26 July 2026 to suspend and archive an enforcement order. The …
Photo Archive
27 July 10:39 AM CHUBB Arabia settles SAR 42m fire insurance claim for Al Rashed Group
Riyadh - Mubasher: CHUBB Arabia Cooperative Insurance Company has reached a final settlement agreement with Al Rashed Group for a net total amount of SAR 42.01 million. The settlement relates to an insurance claim following a fire incident at a …
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26 July 07:54 AM Saudi Darb moves Riyadh Enforcement Court to recover SAR 69m from board members
Riyadh – Mubasher: Saudi Darb Investment Company has filed six enforcement requests with the Riyadh Enforcement Court against former members of its board of directors. The legal action follows a final decision issued by the Appeal Committee for …
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21 July 07:12 PM Saudi Darb files enforcement requests against former board members
Riyadh – Mubasher: Saudi Darb Investment Company has received a notification from its legal counsel, Ahmed bin Othman Al Hukail & Partners, regarding the ongoing litigation against former members of its board of directors. The company confirmed …
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20 July 11:22 AM Saudi Darb receives final ruling in SAR 100m board liability case
Riyadh – Mubasher: Saudi Darb Investment Company announced that the Appeal Committee for Resolution of Securities Disputes has issued a final decision upholding a previous ruling against former members of its board of directors. The case involves …
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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 …
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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 …
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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. …
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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 …