Stocks News

Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) joined forces with the leading multi-service app Careem to enhance transportation convenience and accessibility for customers in Saudi Arabia. The partnership secures an enhanced retail …

Riyadh – Mubasher: Alkhaleej Training and Education Company inked a SAR 149.41 million contract with Saudi Electricity Company (SEC) on 1 October 2023. Under the agreement, Alkhaleej Training will operate call centres for the subscriber services …

Riyadh – Mubasher: Sumou Real Estate Company penned a development management agreement with Asmou Real Estate Development Company at a value of SAR 120 million. The 24-month deal covers a mixed-use high-rise towers project in Jeddah, according to …

Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) has signed a short-term loan agreement with the Saudi Export-Import Bank (Saudi EXIM Bank) to support its export activities, according to a bourse filing. The …

Riyadh – Mubasher: Saudi Top Trading Company signed a financing agreement worth SAR 25 million with Banque Saudi Fransi on 28 September 2023, according to a bourse filing. The firm will use a total of SAR 15 million to pay suppliers’ dues, while …

Riyadh – Mubasher: Tam Development Company signed a SAR 25 million Sharia-compliant financing facility agreement with Saudi Awwal Bank (SAB) on 20 September 2023. The funding term is 12 months and the agreement is guaranteed by a promissory note …

Riyadh – Mubasher: The shareholders of Al Babtain Power and Telecommunication Company approved the board’s proposal to increase the capital by SAR 213.15 million, according to a bourse statement. Following the 50% hike, the new capital will stand …

Cairo – Mubasher: The board of MM Group for Industry and International Trade, listed on the Egyptian Exchange (EGX), approved on 25 September to set up a company in Saudi Arabia. MM Group noted that establishing a firm in the Kingdom aims at …

Riyadh – Mubasher: The board of Sadr Logistics Company approved the construction of Sadr Park as a logistics services complex project at a cost of SAR 149 million. The project will be located in the Industrial Gate City in Riyadh and is expected …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Naba Alsaha Medical Services Company's request to increase its capital by issuing one bonus share for every two existing shares. Naba Alsaha plans to raise the capital by SAR …

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Health) has named Sobhi Abduljalil Batterjee as the Chairman of the board for the coming three years. Saudi German Health also appointed Makarem Sobhi Batterjee as the Vice Chairman …

Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) renewed a Sharia-compliant financing agreement with Saudi Awwal Bank (SAB) at a value of SAR 306.18 million. The two parties signed the facility deal on 20 …

Riyadh – Mubasher: Lumi Rental Company, a subsidiary of Seera Group Holding, will start the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) on Monday, 25 September. Tadawul indicated that the stock will be …

Riyadh – Mubasher: Arabian Pipes Company was awarded a contract to supply Saudi Arabian Oil Company (Aramco) with steel pipes valued at SAR 54 million. The two entities signed the 10-month agreement on 19 September 2023, according to a bourse …

Riyadh – Mubasher: Alwasail Industrial Company has transferred the machines and equipment of the Ras Al Khaimah factory in the UAE to its factories in Burayadh city, according to a bourse filing. The firm indicated that all the factory’s equipment …

Dubai – Mubasher: The third edition of the International Investor Roadshow will kick off for the first time in Singapore on 27-28 September, organised by Dubai Financial Market (DFM) which brings the event in a first to the island city state. The …

Cairo – Mubasher: Saudi Egyptian Investment Company increased its stake in e-finance for Digital and Financial Investments to 25.01%, according to a bourse filing. The company acquired an equity amounting to nearly 0.01% in the EGX-listed firm’s …

Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) has secured a SAR 50 million multi-purpose financing agreement from Banque Saudi Fransi, according to a bourse disclosure.  The funding, which was obtained on 17 September 2023, …

Riyadh – Mubasher: Arab Sea Information Systems Company announced on 18 September the appointment of Mohammed Saleh Al Suhaibani as the Chairman of the board. The company also decided to name Ahmed Suleman Al Jasser as the Vice Chairman, according …

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Arabian Shield Cooperative Insurance Company to increase its capital to SAR 798.15 million from SAR 638.52 million. The firm will issue 15.96 million ordinary shares to …

Abu Dhabi – Mubasher: Burjeel Holdings has awarded Oracle Health a contract valued at AED 125 million, according to a press release. The ADX-listed group will leverage Oracle Health’s Electronic Medical Record (EMR) solution, enabling the …

Riyadh – Mubasher: Knowledge Economic City and Halwani Bros Company secured loans at a combined value of SAR 353 million from Al Rajhi Bank on 17 September 2023, according to bourse disclosures. Knowledge Economic City will use the investment to …

Riyadh – Mubasher: Thimar Development Holding Company plans to convene an extraordinary general meeting (EGM) on 8 October 2023 to consider raising the capital by issuing 15 million priority shares. The company targets a 150% capital increase from …