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14 September 03:12 AM

Middle east news

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13 September 07:20 PM Al Babtain Power unveils payment date for Q2-26 dividends
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company will commence the distribution of cash dividends to shareholders for the second quarter (Q2) of 2026 starting 4 September 2026. The total payout is based on a distribution of SAR …
Cash Dividends
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13 September 07:00 PM Saudi German Health appoints new independent board member
Riyadh – Mubasher: The Middle East Healthcare Company (Saudi German Health) issued a resolution by circulation on 9 September to appoint Yousef Abdulrahman Al Zamil as an independent member. The appointment, effective from 13 September 2026, fills …
Corporate Actions
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13 September 06:47 PM Al Mohafaza Education announces board member’s resignation
Riyadh – Mubasher: Al Mohafaza Company for Education’s board of directors approved the resignation of non-executive board member Ibrahim Khalaf Hamlan Al Shammri on 1 September 2026. The resignation was submitted on August 31, 2026, and became …
Management Decisions
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13 September 06:45 PM Axelerated Solutions pens SAR 675m deal with BIM Capital
Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company signed an agreement with BIM Capital to establish a closed-ended private investment fund with a target size of SAR 675 million. The BIM Capital Data …
Company News
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13 September 06:44 PM Mufeed amends H1-26 financial results
Riyadh – Mubasher: Mufeed Company issued a corrective disclosure regarding its interim financial results for the six-month period that ended on 30 June 2026. The announcement rectifies specific data points previously published on 1 September. The …
Financial Results
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13 September 06:33 PM Shmoh Almadi’s executive board member resigns
Riyadh — Mubasher: The board of Shmoh Almadi Company has approved the resignation of executive board member Idris Mohammed Idris Abu Abukalam. The resignation was submitted on 1 September and became effective on 2 September 2026. According to the …
Board of Directors
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13 September 06:30 PM Osool & Bakheet’s accumulated losses near 34.5% of capital
Riyadh — Mubasher: Osool & Bakheet Investment Company issued a clarification regarding its preliminary financial results for the first half (H1) of 2026, specifically addressing the status of its accumulated losses. The company confirmed that …
Company News
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13 September 03:18 PM Al Jouf Cement restructures board committees
Riyadh – Mubasher: The board of Al Jouf Cement Company has approved several changes to its sub-committees, effective between 12 and 14 September 2026. The restructuring follows the resignation of Hani bin Suleiman Al Saleh from the audit committee …
Management Decisions
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13 September 01:56 PM stc to sponsor 7th International Disability Conference in Riyadh
Riyadh — Mubasher: Saudi Telecom Company (stc) and the King Salman Center for Disability Research (KSCDR) have signed a strategic agreement for the 7th International Conference on Disability and Rehabilitation, scheduled to take place in Riyadh …
Company News
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13 September 12:56 PM Alamar Foods unveils share transfer transaction
Riyadh - Mubasher: Alamar Foods Company received notification on 10 September 2026 regarding a planned transfer of shares by its major shareholder, Abdulaziz Al Jammaz and Brothers Company. The shareholder, which currently holds a 57.61% stake in …
Company News
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13 September 12:40 PM Alujain Corporation’s CEO Al Dawood resigns
Riyadh - Mubaher: The board of Alujain Corporation accepted the resignation of CEO Khalid bin Mohammed Al Dawood on 10 September 2026. The resignation, which becomes effective on 14 September, follows Al Dawood reaching the legal age for …
Board of Directors
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13 September 11:10 AM Miahona gets regulatory nod for Sha’s Water acquisition
Riyadh - Mubasher: Miahona Company has received regulatory clearance from the General Authority for Competition to proceed with the acquisition of 100% of the share capital in Sha’s Water Services Limited. The no-objection certificate, issued on …
Mergers and Acquisitions
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13 September 10:32 AM stc, Astranis to deploy dedicated satellite in Saudi Arabia
Riyadh — Mubasher: Saudi Telecom Company (stc) and US-based Astranis signed an agreement to deploy a dedicated satellite serving Saudi Arabia, according to a press release. The satellite, part of Astranis’ Block 3 program scheduled for launch in …
Global Economy
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13 September 09:54 AM MEFIC REIT to increase total asset value by SAR 771m
Riyadh – Mubasher: MEFIC REIT Fund intends to increase its total asset value by SAR 770.89 million, according to a bourse filing.  The expansion follows the conclusion of negotiations for two major real estate acquisitions in Makkah and Jeddah. …
Company News
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13 September 09:21 AM ACIG obtains regulatory approval for tourist insurance product
Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) received final regulatory approval from the Insurance Authority on 10 September 2026 to begin marketing and selling a new insurance product. The approved offering is a tourist insurance …
Corporate Actions
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13 September 09:06 AM Al Kathiri Holding appoints financial advisor for capital cut
Riyadh – Mubasher: Al Kathiri Holding Company has appointed Estidamah Capital as its financial advisor to manage the company’s planned capital reduction. The appointment, effective 10 September 2026, follows a board of directors' resolution to …
Company News
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13 September 08:49 AM Salama Cooperative receives regulatory nod for new product
Riyadh - Mubasher: The net losses of Salama Cooperative Insurance Company received final regulatory approval from the Insurance Authority on 10 September 2026 to market and sell a new insurance product. The approval covers the domestic worker …
Companies Investments
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13 September 08:39 AM Al Majdiah pens SAR 185m development agreement for Mishraf Al Majdiah project
Riyadh – Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) inked a real estate development agreement with the Jadwa Al Maqar Real Estate Fund for the Mishraf Al Majdiah project in Madinah. The contract, valued at a maximum of SAR 185 …
Companies Investments
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13 September 08:20 AM Al Ramz Real Estate obtains SAR 500m loan from Al Rajhi Bank
Riyadh — Mubasher: Al Ramz Real Estate Company has secured Sharia-compliant credit facilities totaling SAR 500 million from Al Rajhi Bank. The financing agreement, which became effective on 10 September 2026, is divided into two separate tranches …
Real estate
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13 September 08:07 AM Osool & Bakheet incurs SAR 15m net losses in H1-26
Riyadh — Mubasher: Osool & Bakheet Investment Company reported a narrowed net loss of SAR 15.20 million for the six-month period that ended on 30 June 2026, representing a 69.48% improvement compared to SAR 49.81 million. The company’s loss per …
Company News
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10 September 06:19 PM United Cooperative Assurance to file for financial reorganization
Riyadh – Mubasher: United Cooperative Assurance Company announced that its board of directors passed a resolution on 10 September 2026 to apply for the opening of a financial reorganization procedure with the competent commercial court. The …
Company News
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10 September 06:09 PM Wafrah opens board nominations for new term
Riyadh – Mubasher: Wafrah for Industry and Development Company  has opened the nomination process for the election of seven members to its board of directors. The upcoming four-year term is scheduled to commence on 14 January 2027 and will …
Company News
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10 September 06:01 PM Al Jouf Agricultural secures SAR 150m loan agreement
Riyadh — Mubasher: Al Jouf Agricultural Development Company has signed a loan agreement valued at SAR 150 million with the Agricultural Development Fund. The financing is specifically designated to support the company’s internal transition costs …
Companies Investments
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10 September 05:53 PM Gulf Union Al Ahlia obtains regulatory nod for Tourist Visa product
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company  received final approval from the Insurance Authority on 9 September to begin the marketing and sale of its Tourist Visa insurance product. The approval, issued via electronic …
Banking and Finance
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10 September 05:38 PM Batic Investment issues correction to board appointment
Riyadh – Mubasher: Batic Investments and Logistics Company issued a corrective disclosure regarding the appointment of a new independent member to its board of directors. The company clarified that the name of the appointee was stated incorrectly …
Board of Directors