Stocks News

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22 May 04:29 PM Walaa changes company name
Riyadh – Mubasher: Saudi United Cooperative Insurance Company (Walaa) announced that it has changed its name, following the board’s recommendation and the shareholders’ approval. The company’s new name will be Walaa Cooperative Insurance Company, …
(Photo Credit: Company website)
22 May 01:29 PM Private transaction executed on Jabal Omar at highest price
Riyadh – Mubasher: One transaction was privately executed on Jabal Omar Development’s shares  on the Saudi Stock Exchange (Tadawul) Monday, totalling SAR 3.97 million. The transaction saw the trading of 58,390 of the company’s shares at SAR 68 per …
(Photo Credit: Arabianeye-Reuters)
22 May 01:01 PM Qassim Agriculture OKs SAR 0.25/shr dividends for Q1
Riyadh – Mubasher: The board of directors of Qassim Agriculture Company on Monday approved the distribution of dividends at 25 halalas per share for the first quarter of 2017. Total distributions amount to SAR 7.5 million, and will be distributed …
(Photo Credit: Company website)
22 May 09:36 AM SIEC inks MoU with Engaz Al Ittihad
Riyadh – Mubasher: Saudi Industrial Export (SIEC) signed on Sunday a memorandum of understanding (MoU) with Engaz Al Ittihad Mining Company. The signed deal involves the investment in the operation of the silica mine at an area of 15 square …
(Photo Credit: Company Website)
22 May 09:10 AM Makkah Construction approves 25% annual dividends
Riyadh – Mubasher: Makkah Construction and Development said its extraordinary general meeting (EGM) approved 25% cash dividends or SAR 2.5 per share for the fiscal year ended 28 January 2017, according to a bourse statement. Dividends will be …
(Photo Credit: Company website)
22 May 08:52 AM Red Sea Housing OKs SAR 0.75/shr dividends for FY16
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Red Sea Housing Services approved on Sunday the distribution of divdends representing 7.5% of capital at 75 halalas per share for fiscal year 2016. Total distributions amount to SAR 45 …
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21 May 08:41 PM Albilad Capital sets FV for NADEC’s at SAR27.4/shr
Riyadh - Mubasher: Albilad Capital has set the fair value of National Agricultural Development Company (NADEC) at SAR 27.4 per share with a Neutral recommendation, 9.1% lower than the price with which it closed Sunday’s trading session in the …
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21 May 06:35 PM Gulf Union EGM approves capital cut
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Gulf Union Cooperative Insurance approved reducing the company’s capital by 31.82% to SAR 150 million from SAR 220 million. The capital decrease aims to offset the accumulated losses, …
(Photo Credit: Arabianeye-Reuters)
21 May 06:24 PM Ground Services to distribute SAR 122m dividends for Q1
Riyadh – Mubasher: Saudi Ground Services’ board approved the distribution of cash dividends for the first quarter of 2017. The company will pay SAR 0.65 per share, representing 6.5% of the nominal value and totaling SAR 122.2 million, according to …
Abdullatif Abdullah Al Shalash, Managing director- (Photo Credit: Press Release)
21 May 02:56 PM Dar Al Arkan starts selling Parisiana Living villas
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company has launched the selling of the housing villas of Parisiana Living project, located in Riyadh. The project offers diversified areas and designs of residential villas, according to a …
(Photo archive)
21 May 02:20 PM Amana hires new CEO
Riyadh – Mubasher: Amana Cooperative Insurance’s board approved appointing Sulaiman Mahmoud Hilal as the CEO of the company as of Sunday, 21 May. The company highlighted that the new CEO holds a bachelor degree in business administration from King …
(Photo Credit: Company website)
21 May 12:54 PM SABIC to seize investment opportunities globally – Chairman
Riyadh – Mubasher: Saudi Basic Industries Corp’s (SABIC) will not miss an investment opportunity around the world in accordance with its 2025 strategy, the company’s chairman said. Saud bin Abdullah bin Thenayan added that the agreement signed …
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21 May 10:26 AM Raydan Q1 profits drop 61%
Riyadh – Mubasher: Raydan Co, listed on Nomu-Parallel Market, reported a decline of 61.4% in its net profits for the first quarter of 2017. Net profits reached SAR 4.58 million in Q1-17 compared to SAR 11.86 million in the year-ago period, …
(Photo Credit: Company website)
21 May 10:09 AM Nama Chemicals narrows accumulated losses
Riyadh – Mubasher: Nama Chemicals’ accumulated losses fell to SAR 52.147 million, accounting for 22.17% of the company's capital which reached SAR 235.22 million after the capital cut. The company noted that it will abide by the rules and …
(Photo archive)
21 May 09:55 AM Al Khodari gains SAR 17m profit from selling equipment
Riyadh – Mubasher:  Abdullah Abdul Mohsen Al Khodari Sons announced selling equipment in a public auction for SAR 43.1 million ($11.5 million). The auction achieved a gross profit of SAR 17.4 million ($4.64 million). The financial impact of the …
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20 May 08:09 PM Ma’aden considers SAR37 new investments
Riyadh – Mubasher: The CEO of Saudi Arabian Mining (Ma’aden) said that his company considers establishing two projects worth SAR 37 billion in aluminium and phosphate production projects. Khalid bin Saleh Al Mudaifer added in an interview with …
Photo Credit: Press Release
20 May 02:57 PM Egyptian new refinery to begin production in 2018
Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources said that the Egyptian Refining Company’s (ERC) project is expected to be begin operating by the end of 2017. The minister added on the sidelines of his visit to the Cairo …
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18 May 04:00 PM Bank AlJazira inks deals with Al Jazira Takaful
Riyadh – Mubasher: Bank AlJazira on Thursday has signed an agreement with Al Jazira Takaful Taawuni Co, with a duration period of one year. The deal value stands at about SAR 696,300 with estimates of no financial impact, according to a bourse …
(Photo Credit: Arabianeye-Reuters)
18 May 02:28 PM Al Sagr to distribute SAR 2/shr dividends for 2016
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Sagr Cooperative Insurance approved the distribution of cash dividends for fiscal year 2016. The company will pay out dividends at SAR 2 per share or 20% of capital, totalling SAR 50 …
(Photo Credit: Company website)
18 May 02:20 PM Farm Superstores to start 2016 dividends distribution 23 May
Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) will start the distribution of cash dividends for 2016 on 23 May. The company will pay out dividends at SAR 1 per share or 10% of capital, totalling SAR 45 million, according to a …
(Photo Credit: Company website)
18 May 02:07 PM Al Hokair inaugurates 2 commercial centres in Dammam, Makkah
Riyadh – Mubasher: Abdulmohsen Al Hokair Group for Tourism and Development Company announced opening two new commercial complexes in Dammam and Makkah under the name of Al Hokair Time. The two complexes are commercial and entertainment plaza …
(Photo archive)
18 May 01:31 PM Saudi German Hospital awards SAR 93m contract to related party
Riyadh – Mubasher: Middle East Healthcare Co's (Saudi German Hospital) board recommended awarding a contract for the miscellaneous renovation works for its hospitals to International Hospital Construction Company. The cost of the project amounts …
(Photo Credit: Bank website)
18 May 01:18 PM One private transaction on Al Rajhi Bank totals SAR 13m
Riyadh – Mubasher: One transaction privately executed on Al Rajhi Bank’s shares on the Saudi Stock Exchange (Tadawul) totalled SAR 12.65 million on Thursday. The transaction saw the trading of 202,370 of the company's shares at SAR 62.50 per …
(Photo Credit: Company website)
18 May 12:11 PM Alujain hits 2-yr hike on Thursday
Riyadh – Mubasher: Alujain Corporation's stock saw a notable hike on Thursday to top the market’s risers and record the highest gaining pace since August 2015. By 12:00 pm KSA time, the stock surged 9.91% to SAR 26.40 to extend its gains for the …
(Photo Credit: Company website)
18 May 12:09 PM SASCO reschedules SAR 45m facility agreements
Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) on Thursday announced rescheduling its Sharia-compliant facility agreements with Banque Saudi Fransi (BSF), according to a bourse filing. The rescheduled amount stood at SAR 44.95 …