Mubasher TV
Contact Us Advertising   العربية

Latest News

Photo Gallery
24 July 04:55 PM SEDCO Capital lists multi-asset traded fund on Tadawul
Riyadh – Mubasher: Global asset manager SEDCO Capital has announced the successful listing of its SEDCO Capital Multi Asset Traded Fund on the Main Market of the Saudi Exchange (Tadawul). The Fund is now trading under the ticker symbol 4703, with …
Photo Archive
24 July 04:36 PM Tadawul’s indices close Wednesday mixed
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) edged lower by 0.04% on Wednesday, ending the session at 12,101.21 points. The trading value reached SAR 6 billion through the exchange of 259.51 million shares. …
Photo Archive
24 July 02:22 PM Egypt reportedly launches tender to purchase 5 liquefied gas shipments
Cairo – Mubasher: Egypt has launched a new tender to import five shipments of liquefied gas next August and September, as part of its efforts to end the electricity outage crisis in the Arab Republic. A government official, who spoke to Asharq …
Photo Gallery
24 July 02:14 PM Riyadh’s office market thrives in Q2-24 – Report
Riyadh – Mubasher: Riyadh’s office market maintained robust performance in the second quarter (Q2) of 2024, underscoring the vitality of the non-oil sector. This sector, crucial to the economy, saw a year-on-year (YoY) growth of 3.40% in Q1-24, …
Photo Archive
24 July 12:53 PM ProMedEx obtains SAR 25m loan from Al Rajhi Bank
Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) on 23 July 2024 secured a SAR 25 million credit facilities from Al Rajhi Bank to fund existing projects and business expansion. Guarantees offered for the financing include a …
Photo Archive
24 July 12:45 PM Al Jouf Cement inks SAR 104m agreement for NEOM projects
Riyadh – Mubasher: Al Jouf Cement Company signed a SAR 104.19 million contract, on 23 July 2024, to sell cement to Webuild SpA for NEOM projects. The joint deal holds a tenor of 41 months from the date of signing, according to a bourse disclosure. …
Photo Archive
24 July 11:30 AM Aljouf Cement reschedules SAR 154m Islamic facilities with Saudi Awwal Bank
Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Saudi Awwal Bank (SAB) to reschedule SAR 154.45 million Islamic facilities to support its operations. The company signed the agreement on 24 July 2024 for seven years ending in …
Photo Gallery
24 July 10:01 AM Aramco awards $3.3bn contracts to Spanish-Chinese JV
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded a joint venture (JV) formed by the Spanish company Técnicas Reunidas and the Chinese Sinopec Engineering Group the development of new natural gas liquids (NGL) fractionation …
Photo Archive
24 July 10:00 AM Sure Global Tech awarded SAR 14m project agreement
Riyadh – Mubasher: Sure Global Tech Company was awarded a project contract worth SAR 13.97 million, according to a bourse disclosure. The company received the awarding notification from the Research Development and Innovation Authority on 23 July …
Photo Gallery
24 July 08:50 AM Saudi Arabia to host Middle East LPG Expo 2024
Riyadh – Mubasher: Middle East LPG Expo - Saudi Arabia 2024 is set to take place during 10-11 September 2024, according to a press release. LPG Expo, a leading exhibition and conference organiser in the liquefied petroleum gas (LPG) industry, …
Photo Archive
23 July 05:52 PM Ladun renews SAR 181.5m facilities with Riyad Bank
Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank. The approval was granted on 23 July 2024 for the funding date of 22 July this …
Photo Archive
23 July 05:37 PM Aljouf Cement reschedules facilities with Alinma Bank
Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Alinma Bank to reschedule Islamic facilities to support the cement manufacturer’s operations. The financing amount and rescheduled part financing value totals SAR 374 million, …
Photo Archive
23 July 05:13 PM stc achieves SAR 6.5bn net profits in H1-24, unveils Q2 dividends
Riyadh – Mubasher: Saudi Telecom Company (stc) posted a 7.73% year-on-year (YoY) increase in net profit to SAR 6.59 billion during the first half (H1) of 2024 compared to SAR 6.11 billion. The earnings per share (EPS) went up to SAR 1.32 as of 30 …
Photo Gallery
23 July 05:01 PM Bena Steel Industries’ board proposes SAR 0.9/shr dividends for 2023
Riyadh – Mubasher: Bena Steel Industries Company’s board on 22 July 2024 recommended to the general assembly the distribution of SAR 4.50 million in cash dividends for 2023. Around five million shares are eligible for the proposed dividends, whose …
Photo Gallery
23 July 04:45 PM Edarat Communication inks 2 agreements for cloud, data centre services
Riyadh – Mubasher: Edarat Communication and Information Technology Company has signed two contracts with BPS ARABIA for Information Technology and Digital Centers for Data and Communication for cloud, data centre design, supervision, consulting …
Fahad Al Saif, Head of PIF’s Investment Strategy & Economic Insights Division
23 July 04:28 PM Al Saif to lead PIF’s Investment Strategy & Economic Insights Division
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) announced, on 23 July 2024, the appointment of Fahad Al Saif as the Head of the Investment Strategy & Economic Insights Division, effective immediately. Al Saif will continue in his …
Photo Archive
23 July 03:57 PM Tadawul ends Tuesday’s trading session with mixed note
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) fell by 0.57% on Tuesday and closed the trading session at 12,105.54 points. The trading value reached SAR 6.85 billion through the exchange of 296.32 million …
Photo Archive
23 July 03:21 PM Armah seals agreement worth over SAR 54.5m
Riyadh – Mubasher: Armah Sports Company signed a building lease contract on Mecca Road to develop and operate two new fitness clubs under one of its brands, according to a bourse filing. These clubs will feature enhanced facilities and a wide …
Photo Gallery
23 July 02:50 PM Dubai-based Ogram fuels Saudi expansion plans via funding round
UAE – Mubasher: HRtech Ogram has secured a funding round led by Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ), according to a press release. The platform will use the proceeds of the funding round to …
Photo Gallery
23 July 02:11 PM Egyptian furniture e-commerce firm Kemitt makes debut in Saudi Arabia
Cairo – Mubasher: Egyptian furniture marketplace Kemitt has announced its expansion into the Saudi Arabia on the heels of a recent undisclosed funding round. The fresh injection of capital will fuel Kemitt's expansion plans by enhancing the …
Photo Gallery
23 July 01:29 PM Al Ashghal Al Moysra to commence trading on Nomu this week
Riyadh – Mubasher: Al Ashghal Al Moysra Company is set to trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Wednesday, 24 July 2024. The firm will list 480,000 shares, representing 20% of its share capital, under …
Photo Gallery
23 July 11:50 AM Saudi NHC, South Korea's NAVER Cloud Platform collaborate for smart city solutions
Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC) has signed a contract with South Korea's NAVER Cloud Platform to implement smart city solutions on the digital twin platform Baladi. This collaboration aims to leverage global best …
Photo Archive
23 July 10:45 AM First Mills records SAR 123m profits in H1-24; dividends unveiled
Riyadh – Mubasher: First Milling Company (First Mills) witnessed a 13.40% year-on-year (YoY) rise in net profit to SAR 123.22 million during the first half (H1) of 2024, compared to SAR 108.66 million. The revenues stood at SAR 518.79 million in …
Photo Archive
23 July 10:14 AM Mobily’s consolidated profit leaps 35% YoY in H1-24
Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) posted a 35.03% year-on-year (YoY) surge in consolidated net profit to SAR 1.29 billion in the first half (H1) of 2024 from SAR 962 million. Sales grew by 8.07% YoY to SAR 9.01 billion in H1-24 …
Photo Gallery
23 July 09:19 AM Saudi Flynas announces new destinations to Bahrain, Doha
Riyadh – Mubasher: Flynas has launched direct flights from its main base in Madinah to Bahrain and Doha as of September 10, according to a press release. Bahrain and Doha join the network of global destinations operated by flynas from Medina, …