Stocks News

Saudi German Hospital has no shareholding in this hospital
35 minutes 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 …
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
2 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
3 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 …
Dividends will be distributed on 9 May
4 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
4 hours ago 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 …
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, …
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 …
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 …
Bupa is the top health insurer in Saudi Arabia
18 April 06:20 PM Al Rajhi Capital sets Bupa Arabia TP at SAR 93 per share
Riyadh – Mubasher: Al Rajhi Capital has set the target price of Bupa Arabia for Cooperative Insurance’s share at SAR 93, with a neutral rating, according to a report released on Thursday. Bupa is the top health insurer in Saudi Arabia with strong …
STC's strong liquidity profile is endorsed by a healthy cash balance
18 April 04:09 PM Moody's upgrades STC's credit rating to ‘A1’; outlook ‘Stable’
Riyadh – Mubasher: Moody's Investors Service has upgraded the Saudi Telecom Company's (STC) long-term Issuer Rating to ‘A1’ from ‘A2’, with a ‘Stable’ outlook. This upgrade of STC's issuer rating follows a reassessment of the Saudi telecom company …
Customers can pay a total value of SAR 30 per month.
18 April 03:01 PM Uber, Mobily launches 1st of kind “Mobily Mashawir” service
Riyadh – Mubasher: The Saudi Etihad Etisalat Co (Mobily) has partnered with Uber to launch its newest service “Mobily Mashawir”. The Mobily-Uber joint service offers unlimited usage of the Uber and Google Maps mobile applications for Uber …
First Dubai has succeeded in achieving the company’s FY18 objectives
18 April 01:21 PM First Dubai owns $320m assets across UAE, KSA – Chairman
Mubasher: The Kuwaiti First Dubai for Real Estate Development currently owns assets valued at KWD 96.9 million (approximately $320 million) across the UAE and Saudi Arabia, the chairman of First Dubai Abdul Aziz Bassem Al Loughani said. First …
The transaction is expected to be completed in the third quarter of 2019
18 April 01:16 PM Ma’aden’s unit acquires 85% in Meridian Group
Riyadh – Mubasher: Maaden Marketing and Distribution, a wholly-owned subsidiary of Saudi Arabian Mining Company (Ma’aden), has signed an agreement to acquire a 85% stake of Mauritius-based Meridian Group. The deal enables Ma’aden’s unit to submit …
Zain finished testing 5G services in more than seven cities
18 April 09:47 AM Saudi Zain to roll out 5G internet services in Q3 – CEO
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) is expected to introduce fifth generation (5G) internet services in the kingdom by the third quarter of 2019, the CEO of the Saudi telecoms provider said. Zain finished …
First-quarter loss was attributed to a rise in general and administrative expenses.
18 April 09:21 AM FIPCO incurs SAR 2.5m losses in Q1
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) reported turning to losses during the first quarter of 2019. FIPCO’s losses after calculating Zakat and Tax amounted to SAR 2.5 million in Q1-19, against a profit of SAR …
Sales inched up 1.1% to SAR 1.3 billion in Q1-19
17 April 12:33 PM Aldrees Petroleum posts 35% profit hike in Q1
Riyadh – Mubasher: Saudi Arabia’s Aldrees Petroleum and Transport Services Company reported a 35.3% year-on-year rise in profits during the first quarter of 2019. The firm’s profits after calculating Zakat and Tax reached SAR 29.9 million in …
The date of dividend distributions will be specified later
17 April 10:21 AM Bank AlJazira to distribute SAR 0.50/shr dividends for FY18
Riyadh – Mubasher: Saudi Arabia-based Bank AlJazira on Wednesday announced that the bank’s shareholders had approved the board’s proposal to distribute 50 halalas per share as cash dividends for the full fiscal year 2018 during an extraordinary …
Zain’s net profits amounted to SAR 129 million in Q1-19
17 April 09:54 AM Saudi Zain turns profitable in Q1
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) reported turning a profit during the first quarter of 2019. Zain’s net profits amounted to SAR 129 million during Q1-19, against a loss of SAR 77 million during Q1-18, …
The increase is needed to restructure the company’s capital
16 April 04:50 PM Saudi Cable’s board proposes capital raise via priority rights issue
Riyadh – Mubasher: Saudi Cable Company on Tuesday announced that its board of directors had recommended raising the company’s capital by issuing priority right shares worth SAR 250 million. The increase is needed to restructure the company’s …
The delay will have no impact on the project’s costs
16 April 02:16 PM Rabigh plant expansion to complete in Q3-21 – Arabian Cement
Riyadh – Mubasher: Arabian Cement announced that it received a letter from the National Electricity Transmission Co. informing that expansion of the high-voltage plant in Rabigh would be completed by the third quarter of 2021. The delay in …
SABIC's stock saw a private transaction valued at SAR 3.2 million
16 April 12:41 PM Tadawul sees 5 private deals worth SAR 10.5m Tuesday
Riyadh - Mubasher: The Saudi Stock Exchange’s (Tadawul) revealed the execution of five private transactions at a combined value of SAR 10.5 million during Tuesday’s trading activities. Saudi Basic Industries Corp’s (SABIC) stock saw a private …
The travel group’s capital will be raised by 43%
15 April 05:24 PM Saudi Al Tayyar Travel to rebrand as Seera Holding
Riyadh – Mubasher: Al Tayyar Travel Group Holding Co on Monday announced that its shareholders had approved changing the company’s name to Seera Holding Group during an extraordinary general meeting (EGM) held the previous day, according to a …