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Tadawul approved listing new debt instruments of SAR 4.65 billion
17 June 05:33 PM Tadawul approves listing of government debt instruments
Riyadh – Mubasher: Saudi Tadawul Group has approved the listing of new debt instruments worth SAR 4.65 billion as of 21 June 2021, according to a disclosure on Thursday. Tadawul also announced the listing of debt instruments worth a total of SAR …
Friday will mark the entry into force of the new commercial chambers bylaw
17 June 05:20 PM Council of Saudi Chambers becomes federation
Riyadh – Mubasher: The Council of Saudi Chambers has officially changed its name to the Federation of Saudi Chambers, state-run news agency SPA reported on Thursday. Friday, 18 June 2021 will mark the entry into force of the new commercial …
Yansab  will pay SAR 1.5 per share
17 June 05:08 PM Yansab to pay SAR 844m in dividends for H1-21
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) will distribute cash dividends worth a total of SAR 843.75 million to the entitled shareholders for the first half (H1) of 2021. The company will pay SAR 1.5 per share, representing …
National Building is currently listed and trading on NomuC
17 June 04:51 PM National Building submits request to list on main market
Riyadh – Mubasher: National Building and Marketing Company has submitted its request to move to the main market of the Saudi Exchange (Tadawul) under the Tadawul All Share Index (TASI). The company is currently listed and trading on the parallel …
The telecom segment led the decliners with 0.84%
17 June 04:41 PM TASI falls on Thursday; NomuC rises
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Thursday at 10,853.12 points, down by 0.03% or 2.83 points compared to the prior session. The turnover totalled SAR 14.11 billion through the exchange of …
Aramco completed on 17 June the Sukuk issuance of 30,000 notes
17 June 04:11 PM Aramco raises $6bn through USD-denominated Sukuk offering
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has raised $6 billion by issuing USD-denominated international trust certificates. Aramco completed on 17 June the Sukuk issuance of 30,000 notes at a par value of $200,000 each, …
About 86% of the elderly in Bisha were vaccinated
17 June 02:56 PM Saudi Arabia vaccinates 98% of elderly
Riyadh – Mubasher: Saudi Arabia’s Ministry of Health has vaccinated approximately 98% of the elderly, aged 60 years or older, against COVID-19. This percentage has been achieved after administering at least one dose of the vaccine, Saudi Press …
The Middle East could be having a few more unicorns
17 June 12:25 PM Middle East could be seeing more billion-dollar startups – Careem CEO
Mubasher: The Middle East is not far from seeing more billion-dollar startups in the coming months, and it could be having “a few more unicorns in the region,” CEO of ride-hailing company Careem Mudassir Sheikha stated during a CNBC event The …
Tadawul remained the MENA region’s top listing venue in Q1-21
17 June 11:27 AM Saudi Arabia continues to lead MENA’s IPO market – EY
Mubasher: Saudi Arabia witnessed the most active initial public offering (IPO) transactions across the MENA region, topping the regional listing venue in the first quarter (Q1) of 2021, a recent report by Ernst & Young (EY) unveiled. The Saudi …
SASCO will later announce the distribution date
17 June 10:44 AM SASCO to distribute dividends worth SAR 12m for 2020
Riyadh – Mubasher: The shareholders of Saudi Automotive Services Company (SASCO) approved the board’s recommendation of paying an additional cash dividend of SAR 0.2 per share for 2020. SASCO will pay a total of SAR 12 million, representing 2% of …
Saudi Arabia registered 469,414 total cases since the pandemic started
16 June 05:28 PM Saudi Arabia records 1,239 new COVID-19 cases
Riyadh – Mubasher: Saudi Arabia announced 1,239 new COVID-19 infections on Wednesday. There were 932 additional recoveries as well as 15 more deaths, the Ministry of Health said. The Kingdom has registered a total of 469,414 cases since the …
Ataa Educational will acquire 52% of Al Wasat National Schools
16 June 05:22 PM Saudi GAC approves Ataa Educational’s acquisition deals
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) approved for Ataa Educational Company to acquire Arabian Education and Training Group Co., according to a bourse filing on Wednesday. Ataa expected to complete the takeover …
There will be an increase of SAR 900,000 in the offering’s expenses
16 June 05:05 PM MedGulf amends rights issue value to raise capital
Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and MedGulf Reinsurance Company (MedGulf) gave the green light for increasing the rights issue value to SAR 420 million instead of SAR 350 million. The company aims to raise its …
The contract's revenues and profits will be realised in Q3-21
16 June 04:47 PM Red Sea International signs SAR 53m deal with AlUla
Riyadh – Mubasher: Red Sea International Company has penned a three-month contract worth SAR 52.93 million with the Royal Commission of AlUla, according to a bourse disclosure on Wednesday. The listed company will design, construct, supply, and …
The turnover amounted to SAR 8.76 billion
16 June 04:25 PM TASI rises on Wednesday; NomuC falls
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Wednesday at 10,855.95 points, higher by 0.23% or 24.57 points compared to the past session. The turnover amounted to SAR 8.76 billion after trading …
SAMA has claimed the Global Impact Award 2021 for Aber
16 June 03:21 PM SAMA says Aber project achieves main objectives
Riyadh – Mubasher: The Saudi Central Bank (SAMA) said the digital currency project Aber has succeeded to achieve its main objectives that mainly include understanding, experiencing, and analysing the maturity of the distributed ledger technology …
Saudi Arabia ranked the 14th worldwide investor in the US treasury bonds
16 June 12:43 PM Saudi Arabia’s holdings of US treasuries fall to eight-month low
Riyadh – Mubasher: Saudi Arabia has reduced its holdings of US treasury bonds to $130.3 billion in April, hitting the lowest level in eight months compared to $130 billion in August 2020, according to official data on Wednesday. The holdings …
The Middle East listed banks reduce competition and increase their expertise
16 June 11:02 AM Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks
Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …
Consumer prices still reflect an increase of the VAT
15 June 05:57 PM Saudi Arabia’s inflation rate hits 5.7% in May; wholesale prices up
Riyadh – Mubasher: The Consumer Price Index (CPI) of Saudi Arabia went up 5.7% in May this year, compared to the same month in 2020, according to official figures on Tuesday. The inflation rate in May was also higher by 0.2% than April, when it …
National Gypsum led the fallers with 3.22%
15 June 04:46 PM TASI ends Tuesday in red; NomuC rises
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Tuesday lower by 82.18 points or 0.75% at 10,831.38 points. The turnover amounted to SAR 12.19 billion after trading 370.35 million shares, lower than SAR …
ACWA Power was able to tighten pricing by 25 bps pa
15 June 02:36 PM ACWA Power raises nearly SAR 3bn via Sukuk issue
Riyadh – Mubasher: ACWA Power has raised SAR 2.8 billion through a senior, unsecured, floating Sukuk rate issuance under the Shariah-compliant Mudaraba-Murabaha structure, according to a press release on Tuesday. The Islamic financing notes hold a …
The pilot production phase will last for 60 days
15 June 12:13 PM Al Naqool starts pilot production of SAR 20m project in Egypt
Riyadh – Mubasher: Mohammed Hassan Al Naqool Sons Co. announced the beginning of the pilot production phase at its SAR 20 million worth project in Egypt, according to a bourse filing on Tuesday. The Saudi listed firm has established the subsidiary …
Al Asmari was the Executive Vice President
15 June 11:25 AM Tihama appoints new CEO
Riyadh – Mubasher: Tihama Advertising and Public Relations Company has appointed Mazen Mohamed Al Asmari as the new CEO effective from 14 June. Al Asmari has been the Executive Vice President of Tihama before assuming the CEO position. He holds …
Repaying the credit facility will contribute to reducing financing expenses
15 June 11:15 AM Watani Iron Steel fully repays loan from SABB- Alawwal Bank
Riyadh – Mubasher: Watani Iron Steel Company has fully repaid a short-term loan worth SAR 40 million from Saudi British Bank (SABB)- Alawwal Bank, according to a bourse filing on Tuesday. Repaying the credit facility will contribute to reducing …
The contract duration is five years that can be renewed
15 June 10:51 AM Raydan inks $30,000 deal with Egypt’s Golden Star
Riyadh – Mubasher: Raydan Food Company has signed a franchise agreement with Egypt-based Golden Star Est for Ready Meals at a value of $30,000. The contract has been registered under the trademark Raydan for 6% of total sales besides the franchise …