Latest News

(Photo Credit: Arabianeye-Reuters)
41 minutes ago Baazeem to distribute SAR 17m dividends for 2016
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Baazeem Trading approved the distribution of cash dividends for 2016. The company will pay dividends at SAR 1.70 per share, totaling SAR 17.2 million and representing 17% of nominal …
(Photo Credit: Arabianeye-Reuters)
56 minutes ago Tadawul, Nomu open Tuesday down
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) fell 0.49% or 55 points to 6,932.65 points at Tuesday’s open. By 10:58 am KSA time, 57.58 million shares were exchanged through 20,900 transactions at a value of SAR 836.96 …
(Photo Credit: Arabianeye-Reuters)
59 minutes ago Al Alamiya to distribute dividends for 2016
Riyadh – Mubasher: The general assembly of Al Alamiya for Cooperative Insurance approved the distribution of cash dividends for 2016. The assembly also agreed on the board’s and auditors’ reports for 2016, in addition to amending the bylaws of the …
(Photo Credit: Arabianeye-Reuters)
1 hour ago Buruj to pay 5% dividends for 2016
Riyadh – Mubasher: The general assembly of Buruj Cooperative Insurance Co approved the distribution of cash dividends for 2016. The company will pay dividends at SAR 0.50 per share, totalling SAR 12.5 million and representing 5% of the nominal …
(Photo archive)
2 hours ago Herfy to pay H2-16 dividends, raise capital
Riyadh – Mubasher: The general assembly of Herfy Food Services Co approved the distribution of cash dividends for the second half of 2016. The company will pay dividends at SAR 1.5 per share, totalling SAR 69.3 million and representing 15% of the …
Tradres at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
4 hours ago Kuwait, Qatar stocks attract foreign, institutional investors
By: Mahmoud Gamal  Mubasher: Institutional and foreign investors focused their investments in mid-cap and blue-chip stocks listed on the Kuwaiti and Qatari bourses which rose on Monday, analysts told Mubasher. The GCC bourses are expected to …
Photo Credit: Arabianeye-Reuters
22 May 10:05 PM Oil prices up to highest level in 4 weeks
Mubasher: Oil prices ended Monday’s trading in a rise as the meeting of the Organization of the Petroleum Exporting Countries (OPEC) approaches, after the Iraq approved the proposal to extent the output deal. The price for West Texas Intermediate …
Photo Credit: Arabianeye-Reuters
22 May 09:20 PM How $10 drop in oil prices would affect Saudi economy?
Riyadh - Mubasher: The Saudi economy is highly vulnerable to prolonged lower global oil prices, the Institute of International Finance (IIF) said in a recent report. “With still glut in the oil market and the potential of recovery in oil …
Photo Credit: Arabianeye-Reuters
22 May 04:29 PM Walaa changes company name
Riyadh – Mubasher: Saudi United Cooperative Insurance Company (Walaa) announced that it has changed its name, following the board’s recommendation and the shareholders’ approval. The company’s new name will be Walaa Cooperative Insurance Company, …
(Photo Credit: Arabianeye-Reuters)
22 May 04:11 PM Tadawul amends securities tick as of 4 June
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) board approved the amendment of the securities tick starting from 4 June. As per the new amendment, values of current tick sizes shall be reduced, according to a bourse filing on Monday. …
(Photo Credit: Organisation website)
22 May 04:09 PM Bunge, ARASCO seek buying SAGO milling operations – Agency
Riyadh – Mubasher: US agricultural trader Bunge is aspiring to join in a bid for the Saudi Grain Organisation’s (SAGO) milling operations to show interest in the privatisation of the Kingdom's sole wheat and barley buyer, Reuters sources said. The …
(Photo Credit: Arabianeye-Reuters)
22 May 03:09 PM Tadawul extends, Nomu reverses early losses at Monday close
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) shed 0.04% or 2.88 points to 6,987.65 points at Monday’s close. Traded value fell to SAR 2.63 billion ($701 million) on Monday compared to SAR 3.06 billion ($815 million) on …
(Photo Credit: Arabianeye-Reuters)
22 May 02:44 PM Thob Al-Aseel IPO oversubscribed 150%
Riyadh – Mubasher: Thob Al-Aseel’s initial public offering (IPO) has been subscribed by 150.33% by a total value of SAR 383.3 million. The number of qualified subscribers reached 204 investors at a value of SAR 3 million at SAR 85 per share, …
(Photo Credit: Company website)
22 May 01:29 PM Private transaction executed on Jabal Omar at highest price
Riyadh – Mubasher: One transaction was privately executed on Jabal Omar Development’s shares  on the Saudi Stock Exchange (Tadawul) Monday, totalling SAR 3.97 million. The transaction saw the trading of 58,390 of the company’s shares at SAR 68 per …
(Photo Credit: Arabianeye-Reuters)
22 May 01:01 PM Qassim Agriculture OKs SAR 0.25/shr dividends for Q1
Riyadh – Mubasher: The board of directors of Qassim Agriculture Company on Monday approved the distribution of dividends at 25 halalas per share for the first quarter of 2017. Total distributions amount to SAR 7.5 million, and will be distributed …
(Photo Credit: Arabianeye-Reuters)
22 May 12:03 PM SAGO awards 3rd tender in 2017 to import 1.5m tonnes of barley
Riyadh – Mubasher: The Saudi Grains Organization (SAGO) has announced awarding its tender for importing 1.5 million tonnes of barley. The imported tonnes will come from Australia, North and South America, the European Union, and the Black Sea, …
(Photo archive)
22 May 11:32 AM Sadara inks guarantee worth SAR 1.13bn for JV
Riyadh – Mubasher: Sadara Chemical Company (Sadara), the owner of Sadara Basic Services Company, signed a guarantee for 50% of the payment obligations of Saudi Hydrogen Peroxide Company (SHPCo). The guarantee is in relation to a SAR 1.13 billion …
(Photo Credit: Arabianeye-Reuters)
22 May 10:51 AM Riyad REIT proposes SAR 13m dividends for H1-17
Riyadh – Mubasher: Riyad REIT’s board recommended the distribution of cash dividends for the first half of 2017. The fund would pay dividends at SAR 0.26 per share, totalling SAR 13 million and representing 2.6% of the nominal value, according to …
(Photo Credit: Arabianeye-Reuters)
22 May 10:47 AM Tadawul, Nomu open Monday in red
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) shed 0.03% or 2.39 points to 6,988.14 points at Monday’s open. By 10:40 am KSA time, 34.17 million shares were exchanged through 11,040 transactions at a value of SAR 444.87 …
(Photo Credit: Company website)
22 May 10:20 AM Riyad REIT to acquire properties, raise capital
Riyadh – Mubasher: Riyad REIT’s board approved the acquisition of properties and recommended a capital hike to finance acquisitions. The REIT noted that the properties agreed on include Kempinski Riyadh Hotel Complex, which includes a five-star …
(Photo Credit: Company website)
22 May 09:36 AM SIEC inks MoU with Engaz Al Ittihad
Riyadh – Mubasher: Saudi Industrial Export (SIEC) signed on Sunday a memorandum of understanding (MoU) with Engaz Al Ittihad Mining Company. The signed deal involves the investment in the operation of the silica mine at an area of 15 square …
(Photo Credit: Arabianeye-Reuters)
22 May 09:28 AM UAE, KSA allocate $100m to WB women entrepreneurs fund
Mubasher: The UAE and Saudi Arabia have pledged a total of $100 million to a World Bank (WB) fund that will assist female entrepreneurs and small business owners in the Middle East, The Wall Street Journal reported. “This facility has clear …
(Photo Credit: Company Website)
22 May 09:10 AM Makkah Construction approves 25% annual dividends
Riyadh – Mubasher: Makkah Construction and Development said its extraordinary general meeting (EGM) approved 25% cash dividends or SAR 2.5 per share for the fiscal year ended 28 January 2017, according to a bourse statement. Dividends will be …
(Photo Credit: Company website)
22 May 08:52 AM Red Sea Housing OKs SAR 0.75/shr dividends for FY16
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Red Sea Housing Services approved on Sunday the distribution of divdends representing 7.5% of capital at 75 halalas per share for fiscal year 2016. Total distributions amount to SAR 45 …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
22 May 07:33 AM Portfolio investors to invest in attractive GCC stocks
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to maintain their slight rise on Monday as portfolio investors are tending to increase their positions, amid anticipation of the performance of oil prices and global stocks, analysts …