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Management Decisions

Both Al Dabbagh and Bin Mahfooz will assume their positions for three years
04:46 PM Red Sea International appoints Chairman, Vice Chairman
Riyadh – Mubasher: Red Sea International Company announced the appointment of Amr Abdullah Al Dabbagh as the Chairman of the board starting 10 May 2021, according to a bourse disclosure on Tuesday. The company has also appointed Sami Ahmed bin …
Agthia has acquired the majority stake in Nabil Foods
17 May 05:06 PM Agthia completes acquisition of Jordan's Nabil Foods
Abu Dhabi – Mubasher: Agthia Group's shareholders have approved to acquire an 80% stake in Nabil Foods, a Jordan-based producer of frozen and chilled processed protein products after receiving the required regulatory approvals. The completion of …
This move followed the shareholders’ approval on 29 April
17 May 04:39 PM Saudi Research and Marketing to change company name
Riyadh – Mubasher: Saudi Research and Marketing Group will change the company name to Saudi Research and Media Group, according to a bourse disclosure on Monday. This move followed the shareholders’ approval on 29 April to amend Article no. 2 of …
Al Marzouqi has joined Tabreed from Dolphin Energy Limited
17 May 02:47 PM Tabreed appoints new CEO
Dubai – Mubasher: The board of National Central Cooling Company (Tabreed) has appointed Khalid Al Marzouqi as the company’s new CEO to replace Bader Al Lamki. Al Marzouqi has joined Tabreed from Dolphin Energy Limited where he occupied the …
Both Al Abduljabbar and Al Majdouie will assume their positions until 2024
17 May 10:18 AM eXtra names Chairman, Vice Chairman
Riyadh – Mubasher: United Electronics Company (eXtra) has appointed Abduljabbar AbdulRahman Mohamed Al Abduljabbar as the Chairman of the board for a three-year term starting 13 May 2021. The company also announced the appointment of Abdullah Ali …
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9 May 01:51 PM Emaar The Economic City’s board proposes SAR 2.8bn capital hike
Riyadh – Mubasher: The board of Emaar The Economic City recommended a capital increase worth SAR 2.83 billion to endorse liquidity, credit position, and ability to achieve growth objectives. The capital raise will be carried out by converting a …
Photo Archive
9 May 01:45 PM Sumou’s shareholders nod to 50% capital raise; fluctuation limit announced
Riyadh – Mubasher: The shareholders of Sumou Real Estate Company approved increasing the capital by 50% or SAR 125 million by issuing bonus shares, according to a bourse filing on Thursday. The new capital will become SAR 375 million distributed …
Photo Archive
9 May 01:27 PM Aramex names new CEO
Dubai – Mubasher: Aramex announced that it has appointed Othman Aljeda as the company’s new CEO to replace Bashar Obeid. Since Aljeda joined Aramex in 1994, he has occupied several leadership positions to promote the company’s businesses in the …
Chemanol's sales grew by 34.68% QoQ
9 May 11:59 AM Chemanol turns profitable in Q1
Riyadh – Mubasher: Methanol Chemicals Company’s (Chemanol) achieved net profits after Zakat and tax of SAR 29.88 million during the first quarter (Q1) of 2021, against net losses worth SAR 28.6 million in the same period last year. The company …
The appointment for both positions is for a three-year term starting 7 May 2021
9 May 10:03 AM Saudi Printing appoints Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Printing and Packaging Company announced on Sunday the appointment of Adel bin Marzouq Al Nasser as the Chairman of the board, according to a disclosure to Tadawul. The company also named Muhammad Amin bin Dawood Qashqari …
Saudi Airlines Catering will transfer the 30% surplus of statutory reserve
5 May 10:30 AM Saudi Airlines Catering to transfer SAR 108m to accumulated losses
Riyadh – Mubasher: The board of Saudi Airlines Catering Company approved to transfer the 30% surplus of the company’s statutory reserve to the accumulated losses balance. The company will be adding SAR 107.83 million to the accumulated losses …
Both positions are for a three-year term until April 2024 - (Photo Archive)
4 May 10:25 AM SARCO appoints Chairman, Vice Chairman for new term
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced the appointment of Suleiman bin Saad Al Hamid as Chairman of the board for a three-year term starting 1 May 2021, according to a bourse filing on Tuesday. SARCO has also …
The bank has appointed Ali Rashed Ahmad Lootah as Vice Chairman
4 May 10:24 AM Mashreq Bank appoints new Chairman
Dubai – Mubasher: The board of Mashreq Bank has elected Abdulaziz Abdullah Al Ghurair as the bank's Chairman. The bank has also appointed Ali Rashed Ahmad Lootah as Vice Chairman, according to the bank's disclosure to the Dubai Financial Market …
TADCO’s accumulated losses reached SAR 86.54 million by the end of last year
4 May 10:16 AM TADCO to offset SAR 68m of accumulated losses
Riyadh – Mubasher: The board of Tabuk Agricultural Development Company (TADCO) gave the green light for using the statutory reserve of SAR 68.01 million to amortise part of the accumulated losses, according to a bourse disclosure on Tuesday. By …
The appointment of the two official is for a three-year term starting 27 April 2021
2 May 02:39 PM Saudi Paper appoints Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Paper Manufacturing Company announced the appointment of Abdullah bin Abdul Rahman Al Kharashi as the Chairman of the board for a three-year term starting 27 April 2021 and until 26 April 2024. The company also appointed …
Alandalus Property will grant one share for every three original shares
2 May 01:56 PM Alandalus Property’s board recommends 33% capital hike
Riyadh – Mubasher: The board of Alandalus Property Company proposed a 33.33% capital increase by capitalising SAR 233.33 million of the retained earnings and statutory reserve, according to a bourse filing on Sunday. The company will grant one …
Herfy Food appointed Khalid Al Said as the new CEO
2 May 10:25 AM Herfy Food appoints Chairman, Vice Chairman, CEO
Riyadh – Mubasher: Herfy Food Services Company has announced the appointment of Mutaz Qusai Alazawi as the Chairman of the board, according to a bourse filing on Sunday. The company’s shareholders have also agreed to appoint Waleed Khaled Fatani …
Halwani Bros will grant one bonus share for every eight original shares
29 April 12:52 PM Halwani Bros’ shareholders approve 12.5% capital hike
Riyadh – Mubasher: The equityholders of Halwani Bros Company gave the green light for increasing the capital by 12.5% through the capitalisation of SAR 39.28 million from the statutory reserve. The capital will be raised to SAR 353.57 million …
SAPTCO will use SAR 22.06 million worth of consensual reserve
27 April 01:17 PM SAPTCO to offset accumulated losses
Riyadh – Mubasher: The shareholders of the Saudi Public Transport Company (SAPTCO) approved using SAR 22.06 million worth of consensual reserve to offset the entire accumulated losses, which represent 1.76% of the capital. This amount is part of …
The capital will be reduced to KWD 62.956 million
26 April 11:12 AM Al Mazaya's EGM approves 8.5% capital cut
Mubasher: The extraordinary general meeting (EGM) of Al Mazaya Holding has approved to decrease the capital at a nominal value of treasury shares, amounting to KWD 5.872 million, by 8.53%. The capital will be reduced to KWD 62.956 million from …
Amr bin Abdulaziz Al Jalal is the current Vice Chairman
20 April 12:57 PM Alhokair Group names Chairman, Vice Chairman
Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development has named Majid bin Abdul Mohsen Al Hokair as the Chairman of the board for a three-year term starting 19 April 2021. The shareholders also named Amr bin Abdulaziz Al Jalal …
The current production capacity of the line is 10,000 tonnes of clinker per day
20 April 11:36 AM Yamama Cement moves seventh line to Al Kharj
Riyadh – Mubasher: Yamama Cement Company decided to relocate and install its seventh production line from the old plant in South of Riyadh to Northern Halal in Al Kharj, according to a bourse disclosure on Tuesday. The current production capacity …
Makkah Construction incurred net losses of SAR 59 million in 2020
20 April 10:35 AM Makkah Construction’s shareholders nod to non-distribution of dividends
Riyadh – Mubasher: The shareholders of Makkah Construction and Development approved, during the ordinary general meeting (OGM) on Monday, the board’s recommendation of not distributing cash dividends for 2020. The shareholders reached this …
Both Al Saud and Al Kabeer will remain in their positions for three years
20 April 10:25 AM Yamama Cement names Chairman, Deputy Chairman for new term
Riyadh – Mubasher: Yamama Cement Company announced the new board of directors for the new session starting 29 March 2021, with Turki bin Mohammed bin Abdulaziz bin Turki Al Saud being the Chairman of the board. Nayef bin Sultan bin Mohammed bin …
The targeted firm is offered for privatisation by the Saudi Grains Organization
19 April 11:20 AM Abdullah Al Othaim joins consortium to acquire firm
Riyadh – Mubasher: Abdullah Al Othaim Markets Company is entering into a consortium with Allana International Company and United Feed Manufacturing Company to jointly bid to acquire a milling company. The targeted firm is offered for privatisation …