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4 hours ago ACIG receives regulatory nod for capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved for Allied Cooperative Insurance Group (ACIG) to increase its capital through rights issue shares. The company aims to raise the capital by SAR 150 million, according to a …
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5 hours ago National Building secures SAR 100m from Riyad Bank
Riyadh – Mubasher: National Building and Marketing Company has signed a Sharia-compliant credit facility agreement worth SAR 100 million with Riyad Bank. The loan duration is three months starting 20 September 2021, according to a bourse …
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5 hours ago Obeikan Glass to pay SAR 1/shr dividend – SAIC
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) said the board of its associate Obeikan Glass Company approved distributing SAR 1 per share as a cash dividend for the year 2021, according to a bourse filing on Monday. SAIC did not …
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04:18 PM Saudi Arabia announces 63 new COVID-19 cases
Riyadh – Mubasher: Saudi Arabia registered 63 more COVID-19 infections on Monday. The Ministry of Health reported 71 new recoveries and six additional fatalities. The new figures brought the total number of cases in the kingdom to 546,612 since …
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03:52 PM TASI falls on Monday; NomuC rises
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Monday lower by 69.51 points (0.61%) at 11,328.33 points. The trading value amounted to SAR 6.36 billion after exchanging 183.13 million shares, compared …
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03:25 PM GCC asset managers expect more inflows amid growing ESG, Islamic investments – Moody’s
Mubasher: The asset management segment across the Gulf region is expected to witness increased inflows over the coming 12 months in line with the growing demand for Islamic and environmental, social, and governance (ESG)-compliant investments, …
During the Signing of the Agreement
10:17 AM flydubai signs AED 100m agreement with Saudi Ground Services
Riyadh – Mubasher: flydubai has signed an agreement worth more than AED 100 million with the Tadawul-listed Saudi Ground Services Company, UAE news agency WAM reported. The Saudi Company will be responsible for ground handling services for …
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09:58 AM Alinma Tokio Marine inks insurance deal with Alinma Bank
Riyadh – Mubasher: Alinma Tokio Marine Company has signed a group credit insurance policy agreement with Alinma Bank to provide insurance coverage for the borrowers’ portfolio of the bank. The contract value is expected to surpass 5% of gross …
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19 September 04:49 PM Saudi Arabia reports 70 more COVID-19 cases
Riyadh – Mubasher: The Saudi Ministry of Health announced 70 new COVID-19 infections on Sunday. There were 81 additional recoveries and five more fatalities, according to the daily report. The Kingdom has registered 546,549 total COVID-19 cases …
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19 September 04:38 PM Shaker Group’s board proposes capital cut, raise
Riyadh – Mubasher: The board of Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) has recommended a 25% capital reduction by cancelling one share for every four owned shares, according to a bourse disclosure on Sunday. Shaker Group will cut …
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19 September 03:42 PM TASI, NomuC start week in decline
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Sunday lower by 24.27 points (0.21%) at 11,397.84 points. The trading value reached SAR 6.51 billion after exchanging 184.04 million shares, compared to …
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19 September 03:24 PM SABB Takaful renews SAR 4m contract with SABB
Riyadh – Mubasher: SABB Takaful Company has renewed a Group Care policy worth SAR 3.9 million with the Saudi British Bank (SABB), according to a bourse disclosure. The contract has been extended for 12 months starting 1 October 2021, covering the …
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19 September 02:45 PM Baazeem halts setting aside retained earnings
Riyadh – Mubasher: The shareholders of Baazeem Trading Company decided to suspend the process of keeping aside 10% retained earnings to create statutory reserve. The decision, which was taken on 16 September, was because Baazeem’s statutory …
Trading activities will resume on Sunday
19 September 01:22 PM Tadawul to close on Thursday
Riyadh – Mubasher: The Saudi Exchange (Tadawul) will close on Thursday, 23 September, on the occasion of the National Day holiday. Trading activities will resume on Sunday, 26 September, according to a bourse statement. Last week, the Saudi …
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19 September 12:02 PM Development Works Food approves capital raise; fluctuation limit announced
Riyadh – Mubasher: The shareholders of Development Works Food gave the green light for the board’s recommendation to increase the capital through bonus shares of one share for every five owned shares, according to a bourse disclosure on Sunday. …
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19 September 11:35 AM Saudi Airlines Catering pens SAR 75m deal with Saudi Railways
Riyadh – Mubasher: Saudi Airlines Catering Company has signed a contract worth SAR 75 million with Saudi Railways Company to provide food and beverage services for North and East Lines. The contract duration is three years starting from the date …
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19 September 11:09 AM SABIC prepares for initial startup of petrochemical JV with ExxonMobil
Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) announced the start of commissioning activities and preparations for the initial startup of its joint venture (JV) project with ExxonMobil in the US Gulf Coast, according to a bourse …
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19 September 10:40 AM Abo Moati to distribute SAR 0.5/shr dividend for FY
Riyadh – Mubasher: The shareholders of Abdullah Saad Mohammed Abo Moati for Bookstores Company approved the board’s recommendation to pay a cash dividend of SAR 0.5 per share, representing 5% of the share’s par value, for the fiscal year (FY) …
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19 September 10:25 AM Alkhorayef awarded SAR 358m contract
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a contract worth SAR 358 million from the National Water Company on 16 September. The consortium of Alkhorayef and Veolia Company of France will manage the …
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19 September 09:55 AM Sadr Logistics names Chairman, Vice Chairman
Riyadh – Mubasher: Sadr Logistics Company has appointed Muhammad Abdullah Al Samaani as the Chairman of the board for a three-year term starting 16 September. The company also appointed Bandar Muhammad Al Samaani to be the Vice Chairman and …
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16 September 05:07 PM Tadawul approves listing of nearly SAR 7bn government debt instruments
Riyadh – Mubasher: The Saudi Exchange (Tadawul) gave the green light to listing government debt instruments worth SAR 6.67 billion for a class already issued earlier this year. Listing of the debt instruments’ reissue will begin on Sunday, 19 …
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16 September 04:38 PM Wataniya Insurance’s board proposes capital increase
Riyadh – Mubasher: The board of Wataniya Insurance Company recommended to increase the capital through a rights issue to support its future business and solvency margin position. The insurance firm aims to raise SAR 200 million through the rights …
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16 September 04:26 PM Al Hammadi to build new hospital at SAR 450m
Riyadh – Mubasher: The board of Al Hammadi Company for Development and Investment approved to establish a new hospital to replace the current Al Hammadi Hospital Olaya at a total cost of SAR 450 million. The project works will commence in the …
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16 September 04:01 PM Theeb Rent a Car to distribute SAR 22m dividends for H1
Riyadh – Mubasher: Theeb Rent a Car Company will pay a cash dividend of SAR 0.51 per share, representing 5.1% of the share’s par value, for the first half (H1) of 2021. The company will distribute a total amount of SAR 22 million for 43 million …
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16 September 03:39 PM TASI ends week higher; NomuC falls
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Thursday higher by 11.13 points (0.1%) at 11,422.11 points. The trading value totalled SAR 10.18 billion through the exchange of 223.08 million shares, …