Mubasher TV
Contact Us Advertising   العربية

Latest News

Photo Archive
18 March 05:43 PM Tadawul shows mixed performance on Monday
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Monday’s session higher by 10.03 points (0.08%) at 12,772.46 points. The trading value reached SAR 11.05 billion through the exchange of 672.03 …
Photo Archive
18 March 04:51 PM Almarai unveils SAR 18bn strategic plan
Riyadh – Mubasher: The board of Almarai Company greenlighted a strategic plan for the five years ending on 31 December 2028, with an investment programme exceeding SAR 18 billion. The plan aims to enhance continuous growth, enlarge sales, and …
Photo Archive
18 March 04:00 PM Saudi Enaya shifts to profitability in 2023
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company turned to profitability during the full year 2023, recording a net profit after Zakat attributable to shareholders of SAR 20.22 million, compared to a net loss of SAR 6.35 million a year …
Photo Archive
18 March 03:27 PM EFG Hermes completes advisory on Cenomi Retail’s sale deal
Mubasher: EFG Hermes, an EFG Holding Company concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail, according to a press release. The retail giant plans to sell a select portfolio of brands to Abdullah Al Othaim Fashion …
Photo Archive
18 March 02:26 PM United Mining Industries obtains board’s nod for H2-23 dividends
Riyadh – Mubasher: The board of United Mining Industries Company greenlighted cash dividends valued at SAR 9.80 million, representing 7% of the capital, for the second half (H2) of 2023. The Saudi firm will distribute a dividend of SAR 0.70 per …
Photo Gallery
18 March 02:01 PM Ooredoo, e& team up to evolve submarine network in Middle East
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
Photo Archive
18 March 01:52 PM Chubb Arabia’s net profit jumps 98% YoY in 2023
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recorded a 97.95% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 24.81 million in 2023 from SAR 12.53 million. The insurance revenues grew 10.05% …
Photo Gallery
18 March 01:17 PM Energy Capital completes acquisition of Aujan Industrial
Riyadh – Mubasher: Saudi Arabia-based Energy Capital Group (ECG) has acquired Aujan Industrial Solutions (AIS), according to a press release. The transaction marks the fourth investment of the fund which was unveiled in the third quarter (Q3) of …
Photo Archive
18 March 12:38 PM Zoujaj to distribute SAR 16.5m dividends for H2-23
Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) unveiled the board’s decision to pay cash dividends valued at SAR 16.45 million for the second half (H2) of 2023. Zoujaj will disburse a dividend of SAR 0.50 per share, …
Photo Archive
18 March 12:28 PM Alandalus Property appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Alandalus Property Company’s board of directors has approved appointing a new Chairman and a Vice Chairman. The new Chairman Abdulsalam bin Abdulrahman Al Aqeel and Vice Chairman Saleh bin Muhammad Al Habib will be non-executive …
Photo Archive
18 March 12:25 PM Modern Gas develops SAR 2m subsidiary in Saudi Arabia
Cairo - Mubasher: The Modern Gas Company established a subsidiary in Saudi Arabia to work in the field of natural gas, under the name Modern Gas Saudi Arabia, according to an official statement. The newly established subsidiary has an initial …
Photo Archive
18 March 12:07 PM Arabian Drilling’s net profit rises 8% YoY in 2023; dividends recommended
Riyadh – Mubasher: Arabian Drilling posted an 8.42% year-on-year (YoY) increase in net profit to SAR 605 million in 2023 from SAR 558 million. The company’s revenues soared 28.59% YoY to SAR 3.47 billion last year from SAR 2.70 billion, according …
Photo Archive
18 March 11:39 AM Lana Medical’s unit wins contract in King Khalid Military City's campus
Riyadh – Mubasher: Lana Medical Company has announced that its unit Lana Contracting Company won a contract for restoration, furnishing, and modifications to the buildings of the Peninsula Shield Forces in Hafr Al-Batin. The SAR 7.99 million …
Photo Archive
18 March 11:12 AM Nahdi Medical’s net profit shows slight increase in 2023; dividends approved
Riyadh – Mubasher: Nahdi Medical Company’s net profit edged higher by 0.54% year-on-year (YoY) to SAR 892.60 million in 2023 from SAR 887.80 million. Revenues grew 1.13% YoY to SAR 8.71 billion last year from SAR 8.61 billion, according to the …
Photo Archive
17 March 04:52 PM Southern Province Cement’s profits fall 35% in 2023
Riyadh – Mubasher: The net profits of Southern Province Cement Company plunged by 35.22% year-on-year (YoY) to SAR 195 million in 2023 from SAR 301 million. The revenues witnessed an annual drop of 12.44% to SAR 1.07 billion during the …
Photo Archive
17 March 04:22 PM Chemanol’s losses hit SAR 178m in 2023
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses amounting to SAR 177.80 million in 2023, compared to net profits valued at SAR 206.43 million in 2022. Chemanol witnessed 32.40% year-on-year (YoY) lower revenues at …
Photo Archive
17 March 03:42 PM Tadawul’s indices start week with positive performance
Riyadh – Mubasher: The Saudi Exchange’s (Tadawul) main and parallel markets indices ended higher on Sunday. The main market’s All Share Index (TASI) gained 33.90 points (0.27%) to reach 12,762.43 points. The trading value hit SAR 9.02 billion …
Photo Archive
17 March 01:06 PM First Mills launches food products company
Riyadh – Mubasher: First Milling Company (First Mills) has established a new limited liability company to support its future business expansion and fulfil strategic objectives with a capital of SAR 100,000. The new firm will be named First Food …
Photo Archive
17 March 12:50 PM Saudi Ceramic extends preliminary agreement with Turkish company
Riyadh – Mubasher: Saudi Ceramic Company has extended the term of a preliminary non-binding agreement with Eczacıbaşı Yapı Gereçleri A.Ş (EYAP), a subsidiary of the Turkish Eczacıbaşı Group, until the end of 2024. Throughout the year, the two …
Photo Archive
17 March 12:29 PM Alujain Corporation inks MoU for manufacturing complex partnership
Riyadh – Mubasher: Alujain Corporation has signed a memorandum of understanding with Samvardhana Motherson International Limited to partner in a manufacturing complex. The industrial complex manufactures specialised engineering and plastic …
Photo Gallery
17 March 12:19 PM SVC invests $30m in UAE-based Olive Rock Partners’ equity fund
Riyadh – Mubasher: Saudi Venture Capital (SVC) has invested $30 million in UAE-based Olive Rock Partners Fund I, a regional private equity fund focusing on investing in macro-supported mid-market buyouts. Rock Partners Fund I plans to focus on …
Photo Archive
17 March 11:49 AM Arabian Shield’s net profit balloons 15,943% YoY in 2023
Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Arabian Shield Cooperative Insurance Company skyrocketed by more than 15,943% year-on-year (YoY) to SAR 65.13 million in 2023 from SAR 406,000. Insurance revenues rose …
Photo Archive
17 March 11:11 AM SAIC’s net profit leaps 48% YoY in 2023; dividends proposed
Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) jumped 48.49% year-on-year (YoY) to SAR 148.80 million in 2023 from SAR 100.21 million. Revenues soared 55.23% YoY to SAR 180.15 million last year from SAR 116.05 …
Photo Archive
17 March 10:46 AM Allianz Saudi Fransi’s net profit jumps 331% YoY in 2023
Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company reported a 331.29% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 36.98 million in 2023 from SAR 8.57 million. Insurance revenues grew by …
Photo Archive
14 March 04:40 PM SABIC Agri-Nutrients appoints Al Battar as new CEO
Riyadh – Mubasher: SABIC Agri-Nutrients Company appointed Fahad Misfer Al Battar as its new CEO on 14 March 2024, according to a bourse disclosure. Al Battar has more than 25 years of experience in executive leadership and technical and …