Riyadh – Mubasher: Bawan Company has obtained SAR 9.6 million that represented part of the insurance claim covering the fire incident at a factory of its subsidiary Arnon Plastic Industries Company in Dammam city. The listed company did not expect …
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) has completed all maintenance works at its temporarily closed plants and started operations at the facilities on 23 July, according to a bourse filing on Sunday. Yansab earlier …
Riyadh – Mubasher: Naseej International Trading Company has appointed Wael Saad Abdulaziz Al Rashid as the Chairman of the company for a three-year term, according to a bourse filing on Sunday. The company also named Ahmed Sirag Abdulrahman …
Riyadh – Mubasher: Wafrah for Industry & Development Company has appointed Aljazira Capital to be the financial advisor that will manage the transaction of increasing the company’s capital through a rights issue, according to a bourse filing on …
Riyadh – Mubasher: The shareholders of Saudi Re for Cooperative Reinsurance Co approved the board’s recommendation to increase the capital by 10% or SAR 81 million through bonus shares, according to a bourse filing on Thursday. The new capital …
Riyadh – Mubasher: The shareholders of Chubb Arabia Cooperative Insurance Company have agreed to increase the capital by 50% or SAR 100 million through bonus shares, according to a bourse filing on Thursday. The new capital will stand at SAR 300 …
Riyadh – Mubasher: The board of Thob Al Aseel Company has recommended a capital increase of 33.33% or SAR 100 million during its meeting on 14 July. The new capital is expected to stand at SAR 400 million, compared to SAR 300 million prior to the …
Riyadh – Mubasher: The Saudi British Bank (SABB) intends to exit Wataniya Insurance Company to best serve the interest of the bank’s shareholders, according to a bourse filing on Wednesday. The bank is still considering the exit option as part of …
Riyadh – Mubasher: Raydan Foods Company announced that the beginning of the rights issue trading and new shares subscription period will be on 9 August, according to a bourse filing on Wednesday. The end date for the rights issue period will be on …
Riyadh – Mubasher: The shareholders of Raydan Foods Company gave the green light for the board’s recommendation to increase the capital through a rights issue of 11.25 million ordinary shares at a par value of SAR 10 each. The value of the …
Riyadh – Mubasher: Tihama Advertising and Public Relations Company said its partners have decided to liquidate the International Advertising Services Company (Intermarkets), which has not been operating since 18 January 2012. Tihama owns 51% stake …
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Development Works Food Company’s request to increase the capital by SAR 5 million through bonus shares of one-for-every-five shares. The capital will stand at SAR …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced suspending trading on the stocks of both AlAhli Takaful Company and Arabian Shield Cooperative Insurance. The trading suspension has taken place for one session on Monday, 12 July, upon the …
Dubai – Mubasher: Mashreq Bank has appointed Fernando Morillo Lopez as its new senior executive vice president and group head of retail banking. Lopez will manage the bank's strategy for the retail banking group (RBG), including its personal …
Riyadh – Mubasher: The shareholders of Abdulmohsen Alhokair Group for Tourism and Development gave the green light for reducing the capital to offset accumulated losses then increasing it to raise solvency and lower borrowing rates. Alhokair Group …
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has licensed venture capital firm Joa Capital Company to conduct managing investment activity in the securities business. This marked the completion of business requirements to operate in …
Riyadh – Mubasher: United Cooperative Assurance Company has received the Saudi Central Bank’s (SAMA) approval to offset part of its accumulated losses by SAR 31,944 from the statutory reserve. This amount will be reduced from the total accumulated …
Riyadh – Mubasher: National Agricultural Marketing Company (Thimar) has appointed Abdullah bin Odeh Al Anzi as the Chairman of the board for the term starting 4 July 2021. The company appointed Khalid bin Assad Khashoggi as the Vice Chairman of …
Riyadh – Mubasher: The shareholders of Fitaihi Holding Group gave the green light for the board’s recommendation to reduce the capital by 50% or SAR 275 million. The company will write off 27.5 million shares at a par value of SAR 10 each by …
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) announced that its accumulated losses have decreased to represent 0% of the capital as on 28 June 2021. Chemanol succeeded to shrink its accumulated losses after reducing the capital by SAR …
Riyadh – Mubasher: The Commercial Court of Dammam approved for Abdullah Abdul Mohsin Al Khodari Sons Company (Al Khodari) to covert SAR 1.25 billion of creditors’ debts into shares at a value of SAR 10 each. The capital will therefore stand at SAR …
Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) has authorised the executive management to study ways to restructure the company’s capital through a cut and subsequent increase to shrink the accumulated losses. GO has …
UAE - Mubasher: Dubai International Financial Centre (DIFC) has enacted new Intellectual Property Regulations (IP Regulations), which will be effective from 5 July 2021. Introducing new regulations, issued under the Intellectual Property Law, DIFC …
Riyadh – Mubasher: Emaar The Economic City has appointed Cyril Piaia as the new CEO of the company, following the board’s resolution on 5 July. The new CEO will assume the position starting 1 September 2021, according to a bourse filing on …
Riyadh – Mubasher: Kingdom Holding Company has appointed Prince Al Waleed bin Talal bin Abdulaziz Al Saud as the Chairman of the board for the coming three years. The listed firm also appointed Lama Abdulaziz Al Sulaiman as the Vice Chairman of …
