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23 May 01:21 AM

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17 May 04:24 PM Entaj announces resignation of CEO, delegation of Abu Sharakh
Riyadh – Mubasher: The Arabian Company for Agricultural and Industrial Investment (Entaj) has accepted the resignation of the CEO Raja bin Mohammed Al Harbi effective 17 May 2026. The company subsequently delegated Ahmed Zain Abu Sharakh to assume …
Board of Directors
Saudi Exchange (Tadawul)
17 May 04:11 PM SAB Invest becomes inaugural market maker under Tadawul’s new ETF framework
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has officially announced the approval of SAB Invest to act as the first designated market maker under the Exchange Traded Funds (ETF) Market Making Framework, which was launched earlier in 2026. This …
Management Decisions
Photo Archive
17 May 03:39 PM Fakeeh Care partners with Samsung C&T Saudi Arabia to develop AI-powered hospitals
Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company, known as Fakeeh Care Group, has signed a memorandum of understanding (MoU) agreement with Samsung C&T Corporation Saudi Arabia to leverage AI in hospitals.  The two sides aim to …
Companies Investments
Photo Archive
17 May 03:16 PM Saudi CMA approves Maharah’s request for 26.32% capital raise
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has officially approved for Maharah Human Resources Company to increase its total capital from SAR 475 million to SAR 600 million through bonus shares to the company’s existing …
Company News
Photo Archive
17 May 03:04 PM Almunajem Foods invites shareholders to attend upcoming EGM
Riyadh – Mubasher: The board of Almunajem Foods Company invited the company’s shareholders to participate in and vote at the upcoming Extraordinary General Meeting (EGM), according to a bourse disclosure. The meeting is scheduled to take place on …
Company News
Arabian Internet and Communications Services Company (solutions)
17 May 02:55 PM Solutions obtains regulatory approval to double capital
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has officially granted approval for Arabian Internet and Communications Services Company (solutions) to proceed with a 100% capital increase through the issuance of bonus …
Corporate Actions
Photo Archive
17 May 02:44 PM TASI falls 0.22% during Sunday’s mid-session
Riyadh – Mubasher: The Saudi Stock Exchange (TASI) General Index fell 0.22% to 10,971 points by midday on Sunday, losing 23.78 points from its previous close. The session saw trading of 102.48 million shares with a total value of SAR 1.80 billion, …
Trading Activities
Photo Archive
17 May 02:38 PM BSF Capital announces SAR 65m cash dividends for Bonyan REIT unitholders
Riyadh – Mubasher: BSF Capital, the fund manager for Bonyan REIT, declared a cash dividend distribution to unitholders totaling SAR 65.15 million for the six-month period that ended on 30 April 2026. The announcement, released through the Saudi …
Company News
Photo Archive
17 May 02:08 PM Saudi ADES Holding extends Shelf Drilling contract for over SAR 832m
Riyadh - Mubasher: ADES Holding Company has extended its contract for the Shelf Drilling Winner with Tenaz Energy Netherlands B.V. for operations in the Dutch sector of the North Sea, according to a press release. The deal, which commenced in …
Companies Investments
Photo Archive
17 May 01:55 PM Saleh Abdulaziz Al Rashed & Sons secures SAR 50m funding from Alinma Bank
Riyadh – Mubasher: Saleh Abdulaziz Al Rashed & Sons Company has announced the formalization of a Sharia-compliant bank facilities agreement with Alinma Bank, according to a bourse disclosure. The funding is valued at SAR 50 million and is …
Companies Investments
Photo Archive
17 May 01:52 PM Riyadh Development receives additional SAR 2m in vacant land fee invoices
Riyadh – Mubasher: Riyadh Development Company, known as ARDCO, has received additional tax invoices totaling approximately SAR 2.07 million under the White Land and Vacant Property Fees Law program of Saudi Arabia, according to a bourse filing. …
Law
Photo Archive
17 May 01:51 PM Arab Sea Information Systems unveils update on accumulated losses
Riyadh – Mubasher: Arab Sea Information Systems Company announced that its accumulated losses have reached SAR 21.45 million as of 31 March 2026. The amount represents 21.45% of the company’s SAR 100 million worth of total share capital, according …
Financial Results
Photo Archive
17 May 01:16 PM Thimar unveils new board leadership for 4-year term
Riyadh – Mubasher: Thimar Development Holding Company has appointed Sulaiman bin Naser Al Hatlan as the board’s Chairman for four years, according to a bourse filing. Mohammad bin Saleiman Aleisa was named as the Vice Chairman following the …
Company News
TruKKer
17 May 01:04 PM TruKKer secures up to $300m securitization facility from ADCB to expand in MENA
Riyadh - Mubasher: MENA-based digital freight network TruKKer secured an inaugural trade receivables securitization facility of up to $300 million arranged and funded by Abu Dhabi Commercial Bank (ADCB). The transaction, among the GCC’s first …
Global Economy
Photo Archive
17 May 12:49 PM Saudi Chemical inks $198m supply deal with NCMS
Riyadh - Mubasher: Saudi Chemical Company has signed a contractual agreement with the National Company for Mechanical Systems (NCMS) to supply military materials. Both sides inked the deal on 14 May 2026 for five years at a value of $198 million …
Companies Investments
Alinma Capital
17 May 12:36 PM Alinma Capital unveils Alinma Retail REIT Q1-26 audited financial results
Riyadh - Mubasher: Alinma Capital, the fund manager for Alinma Retail REIT, has issued a corrective announcement concerning the fund’s quarterly statement for the period ending 31 March 2026. The correction follows the identification of inaccurate …
Banking and Finance
Photo Archive
17 May 12:30 PM Amlak International extends SAR 1bn credit facility deal with SAIB
Riyadh - Mubasher: Amlak International Finance Company renewed its Sharia-compliant facility agreement with Saudi Investment Bank (SAIB) at a value of SAR 1.06 billion on 14 May 2026. The loan is secured by an assignment of receivables as well as …
Banking and Finance
Air Arabia
17 May 10:04 AM Air Arabia’s profits fall 22% in Q1-26 due to regional conflict, airspace closures
Dubai – Mubasher: Air Arabia registered net profits after tax valued at AED 248.20 million in the first quarter (Q1) of 2026, down 22% year-on-year (YoY) from AED 305.13 million, according to the financial results. The lower profits were driven by …
Financial Results
MGC
17 May 09:09 AM Mutlaq Al Ghowairi MGC eyes IPO on Tadawul to support growth plans
Riyadh – Mubasher: Mutlaq Al Ghowairi Contracting Company (MGC) plans to proceed with an initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul), according to a press release. The Capital Market Authority (CMA) approved …
Initial Public Offerings
Photo Gallery
17 May 08:38 AM Saudi fintech Stitch closes $25m funding round to fuel regional expansion plans
Riyadh – Mubasher: Saudi fintech Stitch has secured $25 million in Series A funding led by the US-based VC Andreessen Horowitz (a16z), marking its first investment in the GCC region. The transaction brings Stitch’s total funding to $35 million, …
Banking and Finance
Photo Archive
14 May 02:46 PM SASCO’s revenues jump to SAR 3bn in Q1-26
Riyadh - Mubasher: Saudi Automotive Services Company (SASCO) shifted to net losses totaling SAR 23.70 million in the first quarter (Q1) of 2026, compared to net profits valued at SAR 4.28 million. The revenues climbed by 9.45% to SAR 3.02 billion …
Company News
Photo Archive
14 May 01:34 PM Najran Cement’s net profits shrink to SAR 6m in Q1-26
Riyadh – Mubasher: The net profits of Najran Cement Company fell by 64.46% to SAR 6.10 million in the first quarter (Q1) of 2026 from SAR 17.19 million in Q1-25. The sales retreated by 9.03% year-on-year (YoY) to SAR 123.01 million as of 31 March …
Financial Results
Photo Archive
14 May 11:27 AM Southern Province Cement incurs SAR 4m losses in Q1-26
Riyadh - Mubasher: Southern Province Cement Company turned to net losses valued at SAR 4 million in the first quarter (Q1) of 2026, compared to net profits of SAR 16 million in Q1-25. The revenues declined by 7.72% year-on-year (YoY) to SAR 203 …
Company News
Photo Archive
14 May 08:44 AM Al Arabia’s net profits hike to SAR 163m in Q1-26
Riyadh - Mubasher: Arabian Contracting Services Company (Al Arabia) logged net profits after tax totaling SAR 8.88 million in the first quarter (Q1) of 2026, an annual leap of 94.54% from SAR 162.78 million. The sales fell by 21.99% year-on-year …
Company News
Lazurde
14 May 08:38 AM Lazurde’s net profits shrink 73% in Q1-26; sales reach SAR 1bn
Riyadh - Mubasher: Lazurde Company for Jewelry generated 72.93% year-on-year (YoY) lower net profits attributable to the shareholder at SAR 3.60 million in the first quarter (Q1) of 2026. The quarterly earnings were compared with SAR 13.30 million …
Company News