Latest News

Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) rose by 0.67% on Thursday and closed the trading session in the green zone at 11,177,48 points. TASI’s turnover hit SAR 7.40 billion through the exchange of …

Riyadh – Mubasher: Riyadh Steel Company will float its shares on the Parallel Market (Nomu) on Sunday, 3 December 2023, according to a bourse disclosure. The Saudi firm will list 1 million ordinary shares, representing 20% of its total shares, …

Dubai – Mubasher: Ajman Bank has teamed up with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through the lender’s digital app. The listed bank will deploy its digital banking platform to offer …

UAE – Mubasher: Dubai-based fintech Yabi By Souqalmal has secured $8 million in a Seed funding round, aiming to foster product development and push growth into regional markets. Al Wafra Al Thanya (Wafra II) joined the list of existing investors …

Mubasher: The OPEC Fund for International Development signed a EUR 50 million loan with the West African Development Bank (BOAD) to support small and medium-sized enterprises (SMEs). The investment will also endorse financial institutions and back …

Riyadh - Mubasher: The net profits after Zakat and tax of the National Company for Learning and Education (NCLE) soared by 43.26% year-on-year (YoY) to SAR 101.78 million in the fiscal year (FY) that ended on 31 August 2023, versus SAR 71.04 …

Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has signed a three-year contract worth SAR 34.08 million with the Saudi Data and Artificial Intelligence Authority (SDAIA) to provide computer systems and technical support services. …

Riyadh – Mubasher: Enma Alrawabi Company recently leased one of its properties, the Rawabi Al Zahra Hotel, to Ahmed Mohamed Zuhdi Company, a one-person limited liability company, after it terminated the operating contract for the hotel on 30 …

Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) rose by 0.02% on Wednesday and closed the trading session in the green zone at 11,103,05 points. TASI’s turnover hit SAR 4.26 billion through the exchange of …

Riyadh – Mubasher: Built Industrial Company, a subsidiary of Ladun Investment Company, was awarded two projects worth SAR 273.06 million from Jazan City for Primary and Downstream Industries of the Royal Commission for Jubail and Yanbu (RCJY) on …

Riyadh – Mubasher: Lumi Rental Company signed a SAR 28 million agreement with MachinesTalk, a leading Internet of Things (IoT) solutions provider in Saudi Arabia, according to a press release. The two parties will join forces with the …

Riyadh – Mubasher: Retal Urban Development Company signed an agreement to purchase residential lands with Roshn Real Estate Company, a subsidiary of the Public Investment Fund (PIF). The listed company will develop 363 residential units in the …

Mubasher: Immensa, MENA’s largest additive manufacturing startup, concluded a $20 million funding round led by Global Ventures, according to a press release. Endeavor Catalyst Fund, Shorooq Partners, and Green Coast Investments also participated …

Riyadh – Mubasher: Riyadh Cement Company inked a $34.80 million contract with Sinoma Energy Conservation Limited for the Waste Heat Recovery project. The two sides penned the 20-month deal on 28 November 2023 to develop a power generation plant …

Riyadh - Mubasher: Saudi Cable Company inked a tripartite agreement to transfer the debt of Al Rajhi Banking and Investment Company and Tathmeer Investment Company, according to a bourse filing. Under the joint deal, Al Rajhi transferred its right …

Dubai – Mubasher: Erguvan, a climate and fintech venture that Emirates NBD recently invested in, launched a pilot programme to deploy its carbon management solution Azalt among regional small and midsize enterprises (SMEs). The project was …

Riyadh – Mubasher: Kingdom Holding Company purchased Citi Group’s shares for a total value of SAR 1.68 billion ($449.56 million) on 28 November 2023, according to a bourse disclosure. The Tadawul-listed company bought the shares from its Chairman, …

Riyadh – Mubasher: Al Rajhi Bank has appointed Abdullah bin Sulaiman Al Rajhi as the Chairman of the board for the next three years. The lender also named Ibrahim bin Mohammed Al Romaih as the Vice Chairman, according to a bourse disclosure. The …

Riyadh – Mubasher: Riyadh Cement Company received approval from the Saudi Exchange (Tadawul) to transfer its shares from the Parallel Market (Nomu) to the Main Market. The company has a capital of SAR 1.20 billion distributed over 120 million …

Riyadh – Mubasher: The benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) went up by 0.18% on Tuesday and ended the trading session higher at 11,100,92 points. A total of 207.21 million shares were exchanged at a value of SAR 4.88 …

Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company was awarded a contract for operating and maintaining water and sewage networks and their accessories in Buraidah. The deal holds a duration period of 36 months and is valued at SAR …

Riyadh – Mubasher: Armah Sports Company will start the listing and trading of its shares on the Parallel Market (Nomu) on Thursday, 30 November 2023. Under the symbol 9590, the firm will float 4.92 million ordinary shares, representing 15% of its …

Riyadh – Mubasher: The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) penned a financing agreement, under which the Saudi fund raised the syndicated term loan to $5 billion from $3 billion. The financing, which carries …