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Saudi Capital Market Authority
5 December 05:23 PM CMA approves Anaam Holding capital reduction request
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Anaam International Holding Group’s request to reduce capital from SAR 196 million to SAR 15 million. The capital cut will reduce the number of shares from 19.6 million …
Photo Archive
5 December 05:14 PM Al Rajhi Capital discloses details on REIT IPO
Riyadh – Mubasher: Al Rajhi Capital announced that the subscription period for its real estate investment trust (Al Rajhi REIT) total asset value increase offering will begin on 12 December, until 18 December 2019. The initial public offering …
Sahara International Petrochemical
5 December 02:06 PM Sipchem, Linde ink strategic partnership agreement
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) and Linde have signed initial terms to establish a strategic partnership for the supply of industrial gases, according to a statement to the Saudi Stock Exchange (Tadawul). …
The Holy City of Makkah
5 December 12:32 PM Alinma, UAQ launch SAR 17bn real estate fund
Riyadh – Mubasher: Umm Al Qura Company for Development and Construction (UAQ) and Alinma Investment Company launched the Makkah Real Estate Development Funds with more than SAR 17 billion ($4.5 billion) in investments. The funds are invested in …
Annual premiums represent 5% of Al Sagr's total sales
5 December 11:44 AM Al Sagr signs deal with Maharah Human Resources
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company announced that it has reached an agreement with Maharah Human Resources Company to provide insurance services. Annual premiums represent 5% of the company’s total sales, according to a …
Deal will not impact SAPTCO’s operations as buses are surplus to needs
5 December 11:36 AM SAPTCO sells 350 old buses for SAR 32m
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) announced that it has signed a contract to sell 350 surplus used buses for their book value. A price of SAR 32 million ($8.53 million) will be paid by the Saudi Emirates Integrated …
Saudi Capital Market Authority
5 December 11:17 AM CMA approves Ash-Sharqiyah capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Ash-Sharqiyah Development Company’s request to increase its capital from SAR 75 million to SAR 120 million. The capital hike will be through the issuance of 4.5 million …
Photo Archive
4 December 05:53 PM Anaam Holding board proposes capital hike
Riyadh – Mubasher: The board of Anaam International Holding Group has recommended raising the company’s capital by SAR 75 million through a rights issue. The company aims at financing its future plans and projects and expand its various …
Buruj will distribute SAR 1 per share
4 December 05:43 PM Buruj to distribute dividends on 16 Dec
Riyadh – Mubasher: Buruj Cooperative Insurance Company announced that payment of the dividends to its shareholders will be on 16 December 2019 through the Saudi British Bank (SABB). Buruj will distribute SAR 1 per share, representing 10% of the …
Booking for the new flights is available on Jazeera Airways’ website
4 December 03:01 PM Jazeera Airways to start direct flights to Dammam, expands other connections
Mubasher: The leading economy airline in Kuwait Jazeera Airways announced a new flight service to Dammam in Saudi Arabia. Starting on 19 December this year, the flights will head to the capital of the Eastern Province three times a week; Tuesdays, …
SABIC is participating in the 14th GPCA Forum
4 December 02:48 PM Partnerships essential for region’s petrochem - SABIC
Riyadh – Mubasher: The Vice Chairman and CEO of Saudi Basic Industries Corporation (SABIC), Yousef Al Benyan, said that the company is keen to invest in profitable companies and share in with creative and sustainable ideas to maintain growth in …
STC and Etisalat ranked 44th and 49th globally
4 December 02:15 PM STC tops MENA region’s digital companies
Riyadh – Mubasher: Saudi Telecom Company (STC) was chosen as the best digital company in the Middle East and North Africa (MENA) region, according to a recent ranking by Forbes magazine for the Top 100 Digital Companies around the world. Coming in …
Baazeem is moving from NOMU to TASI
4 December 11:07 AM Baazeem officially joins Tadawul today
Riyadh – Mubasher: Listing and trading the shares of Baazeem Trading Company on the Saudi Stock Exchange (Tadawul) will commence on Wednesday 4 December 2019. Tadawul recently approved the company’s request to transfer from the Parallel Market …
SASCO wants to subscribe to the Saudi Aramco IPO
4 December 10:56 AM SASCO inks deal with SABB for Aramco’s IPO
Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) has signed a Shariah-compliant bank facility agreement with Saudi British Bank (SABB), according to a bourse filing. The medium-term financing of SAR 190 million aims at diversifying the …
Saudia Dairy and Foodstuff Company
4 December 10:31 AM SADAFCO approves share purchase
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) has approved the purchase of up to 2.75 million company shares to be used as treasury shares. During the company’s extraordinary general assembly meeting (EGM), held on Tuesday, the …
Investments in the new store amounted to SAR 1.15 million
3 December 06:18 PM Abo Moati opens new MiniGood store
Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati for Bookstores Company announced opening a new store, according to a statement to the Saudi Stock Exchange (Tadawul). The inaugurated store is the second MiniGood branded store and the sixth …
Saudi Capital Market Authority
3 December 06:05 PM National Building and Marketing fined for late financials
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has imposed a fine of SAR 20,000 on National Building and Marketing Company due to violating market rules. The company did not disclose its interim financial statements for the period …
Net profit after Zakat and tax amounted to SAR 11.215 million
3 December 12:37 PM National Building profits up 47% in Q3
Riyadh – Mubasher: National Building and Marketing Company reported a 46.5% year-on-year (YoY) increase in profits for the third quarter (Q3) of the year, as shown by the company’s interim financial results for the nine-month period ending on 30 …
MIS was awarded the deal on 19 November 2019
3 December 11:35 AM Al Moammar Information Systems awarded new deal
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) announced that it has been awarded a contract worth more than 5% of its total revenues in 2018. The deal involves supplying and installing information technology systems to a …
Progress in completing the project reached 85%
3 December 11:25 AM Al Akaria posts updates on Remal District project
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) announced an update on signing a contract for the construction of residential villas phase of the company project in Remal District with contractor Saudi Real Estate Construction Company. …
Saudia Dairy and Foodstuff Company
3 December 11:14 AM SADAFCO to distribute SAR 2.5/shr
Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) announced on Monday the distribution of SAR 81.25 million interim cash dividends to shareholders for the six-month period ended 30 September 2019. Dividends per share …
The confirmation came in a statement to Boursa Kuwait
3 December 10:26 AM Humaidi still committed to offer Ream Real Estate takeover
Mubasher: Abdullah Mohammed al Humaidi announced that he is committed to put forward an obligatory proposal to purchase all of Ream Real Estate Co’s shares by 1 March 2020 at most. The confirmation came in al Humaidi’s statement to Boursa Kuwait. …
The capital increase will be through a SAR 250 million rights issue
3 December 10:25 AM CMA approves Saudi Cable capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Saudi Cable Company’s request to increase its capital through a rights issue valued at SAR 250 million. The increase will be limited to the shareholders who are registered in …
The four-month agreement between both firms is renewable
2 December 06:20 PM Saudi Egyptian Industrial plans to acquire Al Babtain
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company announced that its subsidiary in Egypt, Al Babtain Power and Telecom Egypt, has received a letter of intent from the Saudi Egyptian Industrial Investment Company. The Saudi Egyptian …
Symbol 4051 has been assigned to the company’s stock
2 December 05:53 PM Trading Baazeem on Tadawul to begin Wednesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that listing and trading shares of Baazeem Trading Company will commence on 4 December 2019. The symbol 4051 has been assigned to the company’s stock and will be included in the …