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23 October 2025 06:20 PM Ma’aden inks SAR 391m EPCM contract for Al Rjum gold mine
Riyadh - Mubasher: Saudi Arabian Mining Company (Ma’aden) has signed a contract with Saudi Arabian Bechtel Company (SABCO) and Bechtel Australia PTY Limited. The 39-month deal was inked on 22 October at a value of SAR 391.10 million ($104.3 …
Companies Investments
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23 October 2025 05:30 PM Theeb Rent a Car obtains regulatory nod for capital increase to SAR 660m
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved Theeb Rent a Car Company’s request to raise its capital to SAR 659.71 million from SAR 430 million. The hike will be executed through the issuance of one bonus share for every two …
Management Decisions
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23 October 2025 05:22 PM EIC logs 42% surge in 9M-25 net profits
Riyadh - Mubasher: Electrical Industries Company (EIC) achieved net profits worth SAR 421.21 million during the first nine months (9M) of 2025, an annual jump of 41.72% from SAR 297.19 million. Revenues rose by 3.58% to SAR 1.59 billion in …
Financial Results
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23 October 2025 03:05 PM Yanbu Cement records 38% lower net profits in 9M-25
Riyadh - Mubasher: Yanbu Cement Company registered a 38.14% drop in net profits to SAR 79.90 million during the first nine months (9M) of 2025, compared to SAR 129.17 million in 9M-24. Earnings per share (EPS) fell to SAR 0.51 as of 30 September …
Financial Results
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23 October 2025 01:09 PM Jamjoom Pharma’s net profits near SAR 396m in 9M-25
Riyadh – Mubasher: The net profits after tax of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) reached SAR 395.73 million in the first nine months (9M) of 2025, an annual rise of 29.78% from SAR 304.92 million. The group recorded 12.96% …
Financial Results
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23 October 2025 00:15 PM Emirates NBD witnesses robust financial performance; KSA leads lending growth
Dubai – Mubasher: Emirates NBD recorded AED 36.70 billion income for the first nine months (9M) of 2025, as the lender continues strong growth momentum in both interest income and non-funded income across all countries, segments, and products. …
Financial Results
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23 October 2025 11:33 AM TabSense closes $5m funding round to expand regional sales
Riyadh - Mubasher: Saudi AI startup TabSense has raised $5 million in a funding round to launch the first AI Agentic Point of Sale (PoS) system for multi-branch and franchise restaurants and cafés. Led by Jasoor Ventures, the funds will boost …
Companies Investments
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23 October 2025 11:21 AM Mouwasat to establish SAR 700m hospital project in Abha
Riyadh - Mubasher: The board of Mouwasat Medical Services Company approved plans, on 21 October, to establish a new hospital in Abha at a total cost of SAR 700 million. The new facility will have a capacity of 180 beds, including specialized …
Companies Investments
Bilal Abu-Ghazaleh, Founder of 1001 AI
23 October 2025 10:39 AM Deep-tech startup 1001 AI secures $9m for Gulf’s 1st AI-native industrial platform
UAE- Mubasher: Deep-tech startup 1001 AI has raised $9 million in a seed round led by CIV, General Catalyst, and Lux Capital, according to a press release. Additional participants include Chris Ré, Amjad Masad (Replit), Amira Sajwani (DAMAC), …
Companies Investments
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23 October 2025 10:31 AM MNEA-focused Cercli to build AI-native workforce platform via $12m funding round
UAE - Mubasher: UAE-based workforce management platform Cercli has secured $12 million in a series A funding round led by Picus Capital, according to a press release. The fundraising transaction also saw participation from Knollwood Investment …
Companies Investments
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23 October 2025 10:00 AM SAB’s net profits jump 8% in 9M-25; client deposits hit SAR 315bn
Riyadh – Mubasher: Saudi Awwal Bank (SAB) recorded 7.75% year-on-year (YoY) higher net profits at SAR 6.40 billion in the first nine months (9M) of 2025, compared to SAR 5.94 billion. Earnings per share (EPS) amounted to SAR 2.93 as of 30 …
Banking and Finance
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23 October 2025 08:59 AM SAIB’s profits jump to SAR 1.5bn in 9M-25 results
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) announced net profits of SAR 1.53 billion for the first nine months (9M) of 2025, representing a 6.05% increase from SAR 1.44 billion in the same period a year earlier. Earnings per share (EPS) …
Financial Results
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22 October 2025 02:52 PM Riyad Capital, Saudi Railway launch SAR 6bn real estate fund in Makkah
Riyadh – Mubasher: Riyad Capital has received an appointment letter from the Saudi Arabia Railways (SAR) to establish a real estate fund aimed at developing a mixed-use project based on the Transit Oriented Development (TOD) model. The project …
Real estate
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22 October 2025 02:35 PM Sipchem turns to net losses in 9M-25; revenues down 1.5%
Riyadh - Mubasher: Sahara International Petrochemical Company (Sipchem) shifted to net losses of SAR 442.60 million in the first nine months (9M) of 2025, versus net profits of SAR 406.20 million in 9M-24. Revenues decreased by 1.50% to SAR 5.24 …
Financial Results
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22 October 2025 01:15 PM SASCO records 24.5% higher net profits in 9M-25
Riyadh - Mubasher: Saudi Automotive Services Company (SASCO) generated net profits totaling SAR 42.40 million during the first nine months (9M) of 2025. This reflected a 24.44% surge from SAR 34.07 million in the same period of 2024, according to …
Financial Results
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22 October 2025 00:49 PM Alinma Bank to pay SAR 746m dividends for Q3-25
Riyadh – Mubasher: Alinma Bank decided to distribute cash dividends to the shareholders, valued at SAR 746.16 million, for the third quarter (Q3) of 2025. The lender will pay out a dividend after Zakat of SAR 0.30 per share for 2.48 billion …
Banking and Finance
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22 October 2025 00:39 PM 2P Perfect Presentation secures SAR 90m contract from Saudi gov’t
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has won a SAR 89.68 million contract from the Agricultural Development Fund (ADF) on 20 October. The partnership aims to provide managed services for …
Companies Investments
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22 October 2025 00:30 PM Scientific & Medical Equipment inks SAR 105m medical maintenance deal
Riyadh - Mubaher: Scientific & Medical Equipment House Company signed a contract worth SAR 105.07 million with the First Health Cluster in Riyadh on 20 October. The deal covers the maintenance and repair of medical devices and equipment at several …
Companies Investments
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22 October 2025 11:53 AM MIS wins SAR 98m IT project from SDAIA
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) was awarded a project by the Saudi Authority for Data and Artificial Intelligence (SDAIA) on 20 October. The project, valued at SAR 98.04 million, involves the provision of IT …
Companies Investments
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22 October 2025 11:48 AM Sumou Real Estate inks SAR 135m infrastructure agreement
Riyadh - Mubasher: Sumou Real Estate Company signed an infrastructure contract with Diyar Real Estate Development Fund Company, representing a real estate fund managed by Sedco Capital, on 19 October. The agreement aims to develop and execute …
Companies Investments
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22 October 2025 11:29 AM Mobily logs 18% growth in 9M-25 net profits; sales exceed SAR 14.4bn
Riyadh - Mubasher: The net profits of Etihad Etisalat Company (Mobily) reached SAR 2.51 billion in the first nine months (9M) of 2025, higher by 18.14% than SAR 2.12 billion in 9M-24. The sales amounted to SAR 14.45 billion during the …
Financial Results
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22 October 2025 11:19 AM SMC Healthcare to operate 1st outpatient clinic center in Riyadh
Riyadh - Mubasher: Specialized Medical Company (SMC Healthcare) plans to launch its first outpatient clinic center in Al Malqa district in the northwestern region of Riyadh. The new center is set to begin operations in the first quarter (Q1) of …
Companies Investments
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22 October 2025 11:07 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Mutual Funds
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22 October 2025 08:54 AM ANB records 7% higher profits at SAR 3.9bn in 9M-25
Riyadh – Mubasher: Arab National Bank (ANB)logged net profits valued at SAR 3.97 billion in the first nine months (9M) of 2025, an annual rise of 7% from SAR 3.71 billion, according to the financial results. Earnings per share (EPS) went up to SAR …
Financial Results
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21 October 2025 04:38 PM ANB’s TeleMoney partners with Mastercard to boost cross-border payments in Saudi Arabia
Riyadh - Mubasher: Arab National Bank’s (ANB) money transfer service, TeleMoney, has entered a strategic partnership with Mastercard to enhance global payment solutions. Through Mastercard Move, TeleMoney users can send money to over 160 …
Companies Investments