Riyadh – Mubasher: Fitch Ratings has placed Saudi Real Estate Refinance Company (SRC) a long-term issuer default rating (IDR) of 'A', with negative outlook. As for the company’s operating performance, Fitch expected SRC's capitalisation to remain …
Riyadh – Mubasher: Al Rajhi Capital Research has revised its outlook for Jarir Marketing Company (Jarir Bookstores) and raised the target price (TP) to SAR 231 per share. The research entity said Jarir’s store expansion plan will likely drive its …
Riyadh – Mubasher: Saudi closed joint stock firm Riyad Capital entered into an agreement with BNP Paribas Securities Services to provide global custody, as well as fund and consolidated data management services across Saudi Arabia. The two …
Mubasher: The International Monetary Fund (IMF) has upgraded its outlook for the real gross domestic product (GDP) growth in the MENA region to 4% in 2021, compared to its October projection of 3.2%. The real GDP growth of the GCC countries is …
Riyadh – Mubasher: EIG Global Energy Partners will lead a consortium to issue billions of dollars in bonds over two or three transactions to refinance loans for investment in the Saudi Arabian Oil Company’s (Saudi Aramco) oil pipeline assets, …
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) is working on liquidating and terminating Alinma Fund within two months, according to a disclosure to Tadawul on Thursday. The company is also planning to transfer the ownership of …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) said the fluctuation limit for Aldrees Petroleum and Transport Services Company’s stock will be based on a share price of SAR 60.8, according to a disclosure on Thursday. The outstanding orders will …
Riyadh – Mubasher: Saudi Arabia’s Wholesale Price Index (WPI) for March 2021 rose 8.7% year-on-year (YoY), according to the Saudi General Authority for Statistics (GaStat). The WPI was also higher by 0.8% compared with its 7.3% reading for …
Riyadh – Mubasher: The consumer price index (CPI) of Saudi Arabia registered a 4.9% increase in March 2021 up from the same month last year, official data showed on Thursday. The inflation rate eased compared with its 5.2% reading in February and …
Riyadh – Mubasher: The shareholders of Aldrees Petroleum and Transport Services Company gave the green light for increasing the capital by 25% or SAR 150 million, according to a bourse disclosure on Thursday. The company will raise the capital to …
Riyadh – Mubasher: The board of Batic Investments and Logistics Company on 14 April recommended a capital increase by SAR 300 million through the offering of a rights issue, according to a disclosure to Tadawul on Thursday. Batic aims to finance …
Riyadh – Mubasher: Saudi Steel Pipe Company’s fully-owned subsidiary, Titanium Steel and Manufacturing Co. entered into a definitive asset purchase agreement with Koch Chemical Technology Group Saudi Arabia to sell its main operating assets. …
Riyadh – Mubasher: Advanced Petrochemical Company said its subsidiary Advanced Global Investment Company signed engineering, procurement, and construction (EPC) contracts worth a total of $1.68 billion to build propylene plants. Advanced Global …
Riyadh – Mubasher: The National Industrialization Company (Tasnee) plans to temporarily shut down the ethylene and polyethylene plants for 27 days starting 23 May, according to a disclosure to Tadawul on Wednesday. Tasnee will implement periodic …
Riyadh – Mubasher: Almarai Company’s shareholders approved a cash dividends payout of SAR 1 billion for 2020, according to a bourse disclosure on Wednesday. The company will distribute SAR 1 per share to the eligible shareholders starting 21 …
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company obtained on 13 April the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 81 million, according to a disclosure to Tadawul on Wednesday. Saudi Re will raise the …
Riyadh – Mubasher: Saudi Basic Industries Corporation’s (SABIC) shareholders approved the distribution of cash dividends worth SAR 9 billion for the full year 2020, according to a bourse filing on Wednesday. The equityholders gave the green light …
Riyadh – Mubasher: Maharah Human Resources Company announced the appointment of Sulaiman Abdulaziz Al Majed as the new Chairman of the board, starting 1 May 2021 and for a three-year term. The company has also appointed Abdullah Sulaiman Al Amro …
Riyadh – Mubasher: The shareholders of Almarai Company approved during an extraordinary general meeting to purchase up to 10 million shares to earmark them for the Employee Stock Ownership Plan (ESOP). Buying the shares will be financed by …
Riyadh – Mubasher: Batic Investments and Logistics Company signed on 13 April a memorandum of understanding (MoU) with Smart Parking Holding Company to acquire 34.4% of Smart Cities Solutions Company, according to a bourse filing on Wednesday. The …
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has appointed Amr Muhammad Khaled Khashoggi as the new Chairman of the board, according to a bourse disclosure to Tadawul. The company also named Faisal Farouk Tamer as the Vice …
Riyadh - Mubasher: Mulkia Investment Company announced the distribution of SAR 8.85 million worth of cash dividends to the unitholders of Mulkia Gulf Real Estate REIT Fund for the period from 1 January to 31 March this year. The dividends will be …
