Latest News

Riyadh – Mubasher: Balady Poultry Company logged a 78.61% year-on-year (YoY) surge in net profit to SAR 71.93 million during the first half (H1) of 2024 from SAR 40.27 million. Sales leapt by 30.49% YoY to SAR 449.63 million in H1-24 from SAR …

Riyadh – Mubasher: Saudi Arabia’s mega project NEOM has completed its underground parking and light rail systems ahead of schedule in July 2024. Utilising ten high-capacity rotary drilling rigs from XCMG Machinery, the project achieved great …

UAE – Mubasher: Fintech Mamo has raised a $3.40 million funding round, provided by existing investor 4DX Ventures and the Dubai Future District Fund, along with Cyfr Capital. The startup will use the funding to help SMEs businesses consolidate …

Riyadh – Mubasher: Electrical Industries Company (EIC) achieved a net profit valued at SAR 175.84 million in the first half (H1) of 2024, higher by 106.53% than SAR 85.14 million in H1-23. Revenues amounted to SAR 1.03 billion in H1-24, up 37.37% …

Riyadh – Mubasher: Al Qemam for Computer Systems Company has signed a SAR 9.44 million agreement with Asir Region Municipality to provide electronic archiving services for paper documents in the Asir Region Municipality. The agreement was awarded …

Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) reported a 104.91% year-on-year (YoY) surge in net profit to SAR 6.68 million in the first half (H1) of 2024 from SAR 3.26 million. Sales grew by 10.68% YoY to SAR 146.07 million in …

Riyadh – Mubasher: Yanbu Cement Company registered a 13.65% rise in net profit to SAR 98.07 million during the first half (H1) of 2024, compared to SAR 86.29 million in H1-23. Revenues hit SAR 428.37 million in H1-24, higher by 7.74% year-on-year …

Riyadh – Mubasher: The net profits of Mobile Telecommunication Company Saudi Arabia (Zain KSA) retreated by 86.25% to SAR 172 million in the first half (H1) of 2024 from SAR 1.25 billion in H1-23. The revenues stood at SAR 5.08 billion in H1-24, …

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 …

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. …

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 …

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, …

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 …

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. …

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 …

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 …

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 …

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, …

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 …

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, …

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 …

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 …

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 …