Stocks News

The project will provide a raft of healthcare services
19 April 01:46 PM Saudi German Hospital to build 100-bed hospital in UAE
Riyadh – Mubasher: Saudi-based Middle East Healthcare Company (Meahco) has signed a contract to establish a 100-bed hospital in Al Marjan Island, Ras Al Khaimah as part of its expansion plans in the UAE. The project will provide a raft of …
The renewal of the MoU will be subject to negotiations
19 April 12:38 PM Jabal Omar-Meraas MoU expires; firms in talks for renewal
Riyadh – Mubasher: Jabal Omar Development has announced that its memorandum of understanding (MoU) with the UAE’s Meraas Holding has been expired. In October 2017, Jabal Omar inked a non-binding MoU with Dubai-based Meraas Holding to examine means …
The deal entails launching the first of Holiday Inn Express hotels in Saudi
19 April 10:34 AM Al Hokair to operate Holiday Inn Express hotels in Saudi
Riyadh – Mubasher: Saudi-based Abdul Mohsen Al Hokair Group for Tourism and Development Company has signed an agreement with Intercontinental Hotels Group to develop and exclusively operate Holiday Inn Express hotels in the kingdom. The deal …
The firm’s net profits amounted to SAR 24.6 million during Q1-18
19 April 10:02 AM Saudi Aldrees posts SAR 24.6m profit in Q1
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company on Thursday reported a 68.5% year-on-year hike in its net profits in the first quarter of 2018, compared to the year-ago period. The firm’s net profits amounted to SAR 24.6 …
The cement producer's net profit amounted to SAR 57.18 million in Q1-18
19 April 09:43 AM Qassim Cement profit falls 29% in Q1
Riyadh – Mubasher: Saudi Arabia-based Qassim Cement on Thursday posted a 28.67% year-on-year drop in its net profits during the first quarter of 2018. The cement producer's net profit amounted to SAR 57.18 million in Q1-18, down from SAR 80.16 …
Al Khodari renewed a credit agreement worth SAR 330 million
18 April 07:39 PM Al Khodari renews SAR 330m facility
Riyadh – Mubasher: Abdullah A. M. Al-Khodari Sons Company on Wednesday announced the renewal of an SAR 330 million Islamic credit deal with Alawwal Bank. “The purpose of these credit facilities is to provide bonding commitments and fund capital …
Bupa will submit capital hike’s request to the CMA
18 April 11:00 AM Saudi SAMA nods to Bupa’s capital hike
Riyadh – Mubasher: Saudi Arabia-based Bupa Arabia for Cooperative Insurance has obtained the Saudi Arabian Monetary Authority's (SAMA) approval to raise its capital. Bupa will submit capital hike’s request to the Capital Market Authority (CMA), as …
SIEC’s net profits stood at SAR 12.6 million during Q1-18
18 April 10:05 AM Saudi SIEC turns profitable in Q1
Riyadh – Mubasher: Saudi Industrial Export Co (SIEC) announced turning a profit in the first quarter of 2018, against suffering losses during the same corresponding period of 2017. SIEC’s net profits stood at SAR 12.6 million during Q1-18, against …
The dividends will be distributed on 1 May
18 April 09:43 AM SABIC nods to SAR 2.2/shr dividends for H2-17
Riyadh – Mubasher: The Saudi Basic Industries Corporation’s (SABIC) announced that its shareholders had approved a cash dividend distribution of SAR 2.2 per share, or 22% of the share’s par value, for the second half of 2017 during an …
Agility has an annual revenue exceeding $4.6 billion
17 April 04:38 PM Agility launches “Shipa Freight” platform
Mubasher: Agility Public Warehousing announced that it has launched “Shipa Freight” platform, the first comprehensive shipping service on the internet. This platform will provide users with the latest price offers, reservation, payment, as well as …
SEC, GE ink Saudi power sector digital transformation deal
17 April 12:48 PM SEC, GE ink Saudi power sector digital transformation deal
Riyadh – Mubasher: Saudi Electricity Company (SEC) on Tuesday announced signing a contract with General Electric (GE) to improve efficiency, performance, and reliability of the nation’s power sector. GE and SEC said they are planning to continue …
In March 2018, NADEC had signed a final agreement to take over 100% of Al Safi Danone Co.
17 April 11:13 AM NADEC awaits regulatory approval to complete acquisition of Al Safi Danone
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) said that National Agricultural Development Company (NADEC) had submitted a request to obtain its approval on the economic concentration stemming from the dairy firm's …
The Saudi development firm’s net profits amounted to SAR 43.5 million in Q1-18
17 April 09:38 AM Arriyadh Development posts SAR 43.5m profit in Q1-18
Riyadh – Mubasher: Arriyadh Development Co. on Tuesday reported a 0.5% year-on-year rise in its net profits during the first quarter of 2018, compared to the year-ago period. The Saudi development firm’s net profits amounted to SAR 43.5 million in …
Spimaco aims to raise its stake in the pharmaceutical industry to 2%
16 April 05:26 PM Saudi Arabia to manufacture cancer drugs by 2020 - CEO
Riyadh – Mubasher: Medicines that treat cancer tumors will be domestically manufactured in the Saudi market as of 2020, Saudi Pharmaceutical Industries and Medical Appliances Company’s (Spimaco) CEO Fahad bin Ibrahim Alkhalaf said. Spimaco aims to …
Emirates NBD KSA provides a variety of services
16 April 05:11 PM Emirates NBD expands presence in Saudi Arabia
Dubai – Mubasher: Emirates NBD has inaugurated its first branch in Saudi Arabia in Jeddah as part of a huge expansion plan. The Dubai-listed bank is planning to open two more branches in Khobar and Riyadh, which makes its network in the largest …
The firm’s profits amounted to SAR 23.8 million in Q1-18
16 April 05:06 PM Saudi Yamama Cement profit falls 53% in Q1
Riyadh – Mubasher: Saudi Arabia-based Yamama Cement Co on Monday reported a 53% year-on-year slump in its profits during the first quarter of 2018. The firm’s profits amounted to SAR 23.8 million in Q1-18, compared to SAR 50.8 million during …
Saudi Al Hokair to unveil expansions at major Dubai event
16 April 12:41 PM Saudi Al Hokair to unveil expansions at major Dubai event
Riyadh – Mubasher: Abdul Mohsen Al Hokair Group for Tourism and Development Company plans to uncover its expansion projects for the MENA Hotels & Resorts brand in the Middle East during the Arabian Travel Market (ATM) exhibition in Dubai. MENA …
At a total value of SAR 267.75 million, Saudi Cement will distribute the dividends on 25 April
16 April 10:46 AM Saudi Cement to pay SAR 1.75/shr dividends for H2-17
Riyadh – Mubasher: Saudi Cement Co announced that its ordinary general meeting (OGM) had approved the board's recommendation to distribute 17.5% of the capital in cash dividends for the second half of 2017. The cement producer will pay a per-share …
The dividends will be distributed on Thursday, 26 April
16 April 10:34 AM Saudi Samba OKs SAR 0.75/shr dividends for H2-17
Riyadh – Mubasher: Samba Financial Group on Monday announced that its shareholders had approved distributing a cash dividend of SAR 0.75 per share for the second half of 2017 during an ordinary general meeting (OGM) held the previous day.   Total …
Eligibility for dividends will be for the shareholders registered in records on 15 April
16 April 10:02 AM Yanbu Cement nods to SAR 1.25/shr dividends for H2-17
Riyadh – Mubasher: Saudi-based Yanbu Cement’s on Monday announced that its shareholders had approved the board’s recommendation to distribute a cash dividend of SAR 1.25 per share for the second half of 2017 during an ordinary general meeting …
Kaliaropoulos’ resignation will be effective on 30 June
15 April 04:55 PM Saudi Zain appoints Al Deghaither as new CEO, Kaliaropoulos resigns
Riyadh – Mubasher: Saudi Mobile Telecommunications Company's (Zain) board of directors on Sunday approved the resignation of CEO Peter Kaliaropoulos and selected Sultan Abdulaziz Al Deghaither as his replacement. Kaliaropoulos’ resignation will be …
The 5G technology trial is part of Mobily’s plans to upgrade its technical capabilities
15 April 03:31 PM Saudi Mobily launches 5G trial for the 1st time in KSA
Riyadh – Mubasher: Etihad Etisalat Co. (Mobily) announced launching fifth-generation (5G) wireless technology in Riyadh Gallery mall for the first time in the kingdom. The 5G technology trial is part of Mobily’s plans to upgrade its technical …
Nationalising cancer drug production in the GCC nation is part of Saudi Vision 2030
15 April 02:13 PM SPIMACO to Saudise cancer drug production
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Company (SPIMACO) has signed a memorandum of understanding (MoU) with Switzerland-based Hoffman La Roche to start Saudisation of cancer drug manufacturing in the kingdom. …
Lifting the trading suspension on MedGulf’s shares came after the firm announced its 2017 financial results
15 April 10:02 AM Saudi CMA resumes trading on MedGulf’s stock Sunday
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) resumes trading on Mediterranean and Gulf Insurance and Reinsurance Company’s (MedGulf) shares as of Sunday, 15 April, the Saudi Stock Exchange (Tadawul) has said. Lifting the trading …
Advanced Petrochemical estimates 21% profit fall in Q1
15 April 09:28 AM Advanced Petrochemical estimates 21% profit fall in Q1
Riyadh – Mubasher: Saudi-based Advanced Petrochemical Company on Sunday reported a 21.2% year-on-year decrease in its estimated profits for the first quarter of 2018. The firm posted SAR 98 million net profits during Q1-18 down from SAR 124.37 …