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The Saudi lender’s net profits totalled SAR 263.3 million in Q1-19
56 minutes ago Bank AlJazira’s profit grows 7% in Q1
Riyadh – Mubasher: Bank AlJazira reported a 7.3% year-on-year net profit increase in the first quarter of 2019. The Saudi lender’s net profits totalled SAR 263.3 million in Q1-19, compared to SAR 245.3 million in the prior-year period, according …
Saudi German Hospital has no shareholding in this hospital
1 hour ago Saudi German Hospital manages new facility in Ajman
UAE – Mubasher: Middle East Healthcare Company (Saudi German Hospital) on Sunday announced that it has opened a new facility at the emirate of Ajman, the UAE, according to a filing to the Saudi Stock Exchange (Tadawul). The new hospital, owned by …
GIB Saudi Arabia is equally owned by PIF and GIB
1 hour ago GIB converts Saudi branches into SAR 7.5bn incorporated bank
Riyadh – Mubasher: Bahrain-based Gulf International Bank (GIB) on Sunday announced the completion of converting its branches in Saudi Arabia into a locally incorporated lender to be headquartered in the Saudi Eastern Province. The new bank, which …
The event seeks to create a more favorable tax environment for enterprises
2 hours ago UAE elected as new vice chairman in China’s BRITACOM forum
UAE – Mubasher: The UAE has been elected as a vice chairman of the Belt And Road Initiative Tax Administration Cooperation Forum (BRITACOM), which took place in China during the period between 18 April and 20 April. Khalid Ali Al Bustani, chairman …
TASI’s liquidity edged down to SAR 2.84 billion on Sunday
2 hours ago TASI in green; Nomu loses 100 pts at Sunday’s close
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) rose 43.14 points, or 0.47%, to close at 9,239.67 points on Sunday. TASI’s liquidity edged down to SAR 2.84 billion on Sunday, compared to SAR 2.87 billion …
NCB Capital set Jarir Marketing's PT at SAR 157.8 a share
2 hours ago Jarir Marketing’s Q1 profit rises on top-line growth – NCB Capital
Riyadh – Mubasher: Jarir Marketing Co. reported a 6.7% year-on-year net profit increase for the first quarter of 2019, supported by robust top-line growth, according to a report released by NCB Capital (NCBC) on Sunday. Jarir’s net profits, after …
NCB Capital set Alinma Bank's PT at SAR 23.8/shr
3 hours ago Alinma Bank tops Q1 profit estimates on lower provisions – NCB Capital
Riyadh – Mubasher: Alinma Bank recorded stronger-than-expected results in the first quarter of 2019, according to a report released by NCB Capital (NCBC) on Sunday. The Saudi lender’s profits rose 21.8% year-on-year to SAR 709 million in Q1-19, …
Dividends will be distributed on 8 May
4 hours ago Budget Saudi to pay SAR 1.5/shr dividends for 2018
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) announced that the company’s shareholders had approved distributing a cash dividend of SAR 1.5 per share for 2018 during an ordinary general meeting (OGM) held on …
4 hours ago Sri Lanka imposes curfew as eight blasts coincide Easter Sunday
The acquisition deal is forecast to complete later in 2019
4 hours ago Saudi Aramco to acquire Shell’s 50% stake in SASREF for $631m
Riyadh – Mubasher: The Saudi Arabian Oil Co, better known as Saudi Aramco, on Sunday announced the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% stake in the Saudi SASREF joint venture for SAR 2.366 billion ($631 million). …
Dividends will be distributed on 9 May
5 hours ago Abdullah AlOthaim Markets nods to SAR 3/shr dividends for 2018
Riyadh – Mubasher: Abdullah AlOthaim Markets Company announced that the company’s shareholders had approved distributing a cash dividend of SAR 3 a share for 2018 during an ordinary general meeting (OGM) held on Thursday. Dividends will be …
The Saudi lender’s profits amounted to SAR 709 million
12:50 PM Alinma Bank’s profit hikes 22% in Q1
Riyadh – Mubasher: Alinma Bank posted a 21.8% year-on-year net profit growth in the first quarter of 2019. The Saudi lender’s profits amounted to SAR 709 million in Q1-19, compared to SAR 582 million in the year-ago period, according to a …
Net profits amounted to SAR 233.7 million in Q1-19
12:09 PM Jarir Marketing’s profit rises 7% in Q1
Riyadh – Mubasher: Jarir Marketing Co. reported a 6.66% year-on-year net profit growth in the first quarter of 2019. The Saudi-based firm’s net profits, after zakat and taxes, amounted to SAR 233.7 million ($62.31 million) in Q1-19, compared to …
Rents and property prices have decreased the most in Q1-19
11:47 AM Over 20,000 units likely to enter Dubai market in 2019
Dubai – Mubasher: The real estate sector in Dubai has witnessed more than 20,000 units entering the market during 2018, head of consulting at Chestertons MENA Ivana Vucinic said, according to TimeOut Dubai. The new units have resulted in a …
The deal saw trading of around 392,000 shares
11:45 AM SABIC’s stock sees SAR 50m private deal Sunday
Riyadh - Mubasher: Saudi Basic Industries Corporation’s (SABIC) stock on Sunday saw a private transaction at a value of SAR 49.6 million on the Saudi Stock Exchange (Tadawul). The deal saw trading of around 392,000 shares at SAR 126.60 a share, …
Earnings before income tax and zakat fell to SAR 56.9 million
11:30 AM Alkhabeer Capital posts SAR 188m operating income in 2018
Riyadh – Mubasher: Alkhabeer Capital reported SAR 188 million ($50.13 million) in operating income for fiscal year 2018, according to a statement on Sunday. The Saudi-based asset management company increased its investment in private equity and …
The Saudi firm’s net profits amounted to SAR 4.13 million in Q1-19
10:51 AM SAIC’s profit edges down in Q1
Riyadh – Mubasher: Saudi Advanced Industries Co. (SAIC) reported a year-on-year profit drop in the first quarter of 2019. The Saudi firm’s net profits amounted to SAR 4.13 million ($1.10 million) in Q1-19, down from SAR 4.16 million ($1.11 …
The total book value of the shares amounts to approximately SAR 20.8 million
10:46 AM SABB to sell SAR 36m equity in HSBC Saudi Arabia
Riyadh – Mubasher: The Saudi British Bank (SABB) has signed a binding agreement with HSBC Asia Holdings on 18 April 2019 to sell 1 million shares in the share capital of HSBC Saudi Arabia. This stake represents 2% of the issued share capital of …
The move comes along with the company’s strategy to boost its presence in the regional market
10:06 AM Eltizam Asset Management earmarks AED 200m for M&A deals
UAE – Mubasher: Eltizam Asset Management Group announced that it has allocated around AED 200 million for merger and acquisition (M&A) deals that will take place in 2019 and 2020, the company said in a recent statement. The GCC’s leading physical …
Mobily has logged SAR 67.3 million in profits in Q1-19
09:51 AM Mobily turns profitable in Q1
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) has turned to profitability during the first quarter of 2019, as compared with 2018, according to the company’s initial data published on the Saudi Stock Exchange (Tadawul) on Sunday. Mobily has …
GCC markets to attract retail and institutional investors this week
08:52 AM 10 factors to attract foreign investors to GCC stocks
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to attract retail and institutional investors, mainly foreign traders, this week, analysts told Mubasher. By the end of Thursday’s trading session, most of the Gulf bourses rose, …
SalamAir operates flights to 17 destinations
20 April 04:05 PM Oman’s SalamAir adds Riyadh, Medina to its destinations
Mubasher: Oman’s SalamAir has added Riyadh and Medina among its destinations, according to a company statement released on Saturday. As of June, the Omani airline will begin four flights per week to Riyadh, along with other flights from and to …
Saudi crude exports went down to 6.98 million bpd in February
19 April 07:43 PM Saudi Arabia cuts oil output in February
Riyadh – Mubasher: Saudi oil exports shrank for the third successive month in February, according to the Joint Organisations Data Initiative’s (JODI) data revealed. The kingdom’s total oil exports declined by around 432,000 barrels per day (bpd) …
Media and commercial services lost 3.04% and 1.89%
19 April 05:16 PM TASI levels up 108.6 pts in week, market cap gains SAR 21.36bn
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) indices ended the week in green. Market capitalisation gained SAR 21.36 billion ($5.7 billion) to SAR 2.16 trillion ($576 billion) in a week. The Tadawul All-Share Index (TASI) went up 108.56 …
19 April 03:45 PM US private housing starts decline 0.3% in March
The US Census Bureau, the US Department of Housing, the Urban Development on Friday jointly published residential construction statistics for last March.