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21 April 2025 04:10 PM Aramco, BYD to boost innovation of energy vehicle technologies
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and BYD, a leading manufacturer of new energy vehicles and power batteries, agreed to explore cooperation opportunities in new energy vehicle technologies. This partnership leverages the …
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21 April 2025 03:26 PM Sumou Real Estate awarded SAR 680m development agreement
Riyadh – Mubasher: Sumou Real Estate Company announced a SAR 680 million development deal with the National Housing Company to establish more than 900 Residential Villas in the Makkah Gate project. The company was awarded the project on 20 April …
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21 April 2025 01:52 PM Saudi Chemical’s board mulls SAR 42m dividends for 2024
Riyadh – Mubasher: The board of Saudi Chemical Company proposed cash dividends of SAR 42.16 million for 2024, according to a bourse disclosure. The company will disburse a dividend of SAR 0.05 per share, equivalent to 5% of the share capital, for …
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21 April 2025 00:11 PM Riyad Bank’s profits cross SAR 2.4bn in Q1-25
Riyadh – Mubasher: Riyad Bank logged 19.93% year-on-year (YoY) higher net profits at SAR 2.48 billion in the first quarter (Q1) of 2025, compared to SAR 2.07 billion. The clients' deposits stood at SAR 304.09 billion in Q1-25, up 12.23% from SAR …
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21 April 2025 09:47 AM Banque Saudi Fransi’s profits jump 16.5% in Q1-25
Riyadh – Mubasher: The net profits of Banque Saudi Fransi increased by 16.34% to SAR 1.33 billion in the first quarter (Q1) of 2025, compared to SAR 1.15 billion at the end of March 2024. The clients' deposits stood at SAR 190.72 billion in Q1-25, …
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20 April 2025 04:38 PM Al Jouf Cement turns to SAR 28m losses in 2024
Riyadh – Mubasher: Al Jouf Cement Company shifted to net losses valued at SAR 27.73 million in 2024, compared to net profits worth SAR 37.67 million a year earlier. Revenues declined by 4.75% to SAR 256.50 million in 2024 from SAR 269.28 million …
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20 April 2025 03:32 PM First Avenue rolls out SAR 188m acquisition deal
Riyadh – Mubasher: Al Shate’a Real Estate Fund, in which First Avenue Real Estate Development Company holds a 15% stake, has acquired a commercial plot of land in the Al Shate’a district of Jeddah. Located on Sari Street and spanning nearly 15,000 …
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20 April 2025 01:55 PM Shaker Group unveils 5% of capital as dividends for 2024
Riyadh – Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) announced cash dividends amounting to SAR 27.75 million, representing 5% of the capital, for 2024. Shaker Group will pay out a dividend of SAR 0.50 per share for 55.50 …
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20 April 2025 00:56 PM Jarir Bookstores logs over SAR 217m profits in Q1-25
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) registered SAR 217.30 million in net profit during the first quarter (Q1) of 2025, down 0.91% year-on-year (YoY) from SAR 219.30 million. Revenues increased by 2.65% to SAR 2.72 billion …
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20 April 2025 00:10 PM Almarai generates SAR 731m profits in Q1-25
Riyadh – Mubasher: Almarai Company posted 5.62% year-on-year (YoY) higher net profits at SAR 731.19 million in the first quarter (Q1) of 2025, versus SAR 692.22 million. The company's revenues increased by 5.65% YoY to SAR 5.76 billion in Q1-25 …
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20 April 2025 10:01 AM PIF-backed Diriyah awards $1.4bn deal for Royal Diriyah Opera House
Riyadh – Mubasher: Diriyah Company, backed by the Saudi Public Investment Fund (PIF), announced a contract award valued at $1.40 billion (SAR 5.10 billion) to develop Royal Diriyah Opera House, according to a press release. The construction …
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17 April 2025 07:58 PM ADQ, IHC, Modon boost infrastructure development globally via Gridora
Abu Dhabi - Mubasher: ADQ, International Holding Company (IHC), and Modon Holding entered into a joint venture (JV) to form a dedicated infrastructure platform, Gridora, according to a press release. Operating under Modon Holding, Gridora will …
17 April 2025 06:17 PM US card payments market growth to slow in 2025 –GlobalData
17 April 2025 05:49 PM S&P 500, Nasdaq rises; Dow falls before Good Friday holiday
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17 April 2025 01:55 PM NWC develops SAR 1.2bn water projects in Hail Region
Riyadh – Mubasher: The National Water Company (NWC) began implementing 14 water and sanitation projects in different parts of the Hail Region at a value exceeding SAR 1.20 billion, according to a press release. In line with the Kingdom’s Vision …
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17 April 2025 09:57 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher:  Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except the funds …
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16 April 2025 09:45 PM PayPal, TerraPay to expand cross-border payments across MEA
UAE - Mubasher: PayPal teamed up with TerraPay to enable real-time fund transfers for PayPal customers across the MEA region, according to a press release. This partnership aims to drive economic growth by making cross-border transactions faster, …
16 April 2025 07:04 PM Wall St falls on Wednesday with chipmakers leading declines
16 April 2025 06:44 PM Canada could enter deep recession on US tariffs –C.bank  
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16 April 2025 00:46 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
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16 April 2025 09:55 AM Saudi contech TruBuild secures $1m in Seed funding round
Riyadh – Mubasher: Saudi Arabia-based contech TruBuild has raised $1 million in a Seed funding round, led by Wa’ed Ventures, the $500 million venture capital arm of Aramco, and Dar Ventures. Plug & Play Ventures, OQAL, Taz Investment, and other …
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15 April 2025 06:11 PM Saudi digital signature platform Sadq raises SAR 5.5m funding round
Riyadh – Mubasher: Sadq, a Saudi platform for digital signatures and integrated workflow authentication solutions, has secured SAR 5.50 million in a Pre-Series A funding round, according to a press release. The fundraising transaction was led by X …
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15 April 2025 05:55 PM UCIC announces IPO on Tadawul, regional expansion plans
Riyadh – Mubasher: United Carton Industries Company (UCIC) intends to proceed with its initial public offering (IPO) to trade 12 million shares on the Saudi Exchange (Tadawul). UCIC has appointed Al Rajhi Capital as its financial advisor, lead …
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15 April 2025 03:21 PM Egypt, Saudi Arabia ink 4 deals to boost investment cooperation
Mubasher: Egypt and Saudi Arabia inked four investment agreements in food industries, solar energy, metal industries, and real estate development and marketing, according to a press release. The CEO of the General Authority for Investment and Free …
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15 April 2025 01:54 PM Saudi NWC unveils SAR 400m desalinated water project
Riyadh – Mubasher: The National Water Company (NWC), represented by its Central Cluster, implemented a desalinated water project in Riyadh at a value of SAR 400 million, according to the Saudi Press Agency (SPA). The company supplied desalinated …