Stocks News

The bank stated that it will hold the responsible for this incident accountable
23 November 06:44 PM SAMA penalises Saudi BSF; bank responds with planned recoveries
Riyadh – Mubasher: Saudi Arabian Monetary Authority (SAMA) imposed financial penalties due to the irregularities in the bank’s employee's incentive programme, according to Reuters. “SAMA found that the bank committed violations related to …
Production began on Wednesday, 22 November
23 November 06:04 PM Al Sorayai begins calcium carbonate production
Riyadh – Mubasher: Al Sorayai Trading and Industrial Group on Thursday announced commencing actual production at its calcium carbonate plant. Production began on Wednesday, 22 November, the Saudi company said in a bourse filing, highlighting that …
Almarai opens SAR 1.2b production plant in Al Kharj
23 November 05:53 PM Almarai opens SAR 1.2b production plant in Al Kharj
Riyadh- Mubasher: Saudi Arabia's Almarai said on Thursday that it began the opening and commercial operation of its new Central Production Plant (CPP3) manufacturing facilities in Al Kharj with investments of SAR 1.2 billion. The CPP successfully …
SABB acquires HSBC’s stake in SABB Takaful
23 November 05:11 PM SABB acquires HSBC’s stakes in SABB Takaful
Riyadh – Mubasher: The Saudi British Bank (SABB) on Thursday announced acquiring HSBC combined stakes in SABB Takaful after obtaining SABB ordinary general meeting (OGM), and the regulatory approvals'. After completing the transaction, SABB will …
SABB Takaful’s stock sees four deals of SAR 118m
23 November 02:27 PM SABB Takaful’s stock sees SAR 118m deals
Riyadh – Mubasher: Four private transactions were executed on Thursday on SABB Takaful’s stock on the Saudi Stock Exchange (Tadawul) totaled SAR 117.79 million.  The transactions saw trading of 11.05 million shares, at SAR 10.66 per share, …
Al Mal stock declined to 29 fils
23 November 01:58 PM Al Mal comments on selling stake in KSA Hail Cement
Mubasher: Al Mal Investment has commented on the news recently spread over social media channels regarding selling a stake of Hail Cement Co.’s shares. The stake sold in the Saudi firm, Hail cement, is related to a client and was sold through an …
L'azurde extends MoU with Tamkeen’s unit
22 November 12:02 PM L'azurde extends MoU with Tamkeen’s unit
Riyadh – Mubasher:  Saudi Arabia's L'azurde Company for Jewellery agreed to extend the memorandum of understanding (MoU) with Izdiad Commercial Company of Arabia until the end of February 2018 regarding full takeover of Izdiad's capital, which …
First Investment receives tax's value from Saudi unit
22 November 10:42 AM First Investment receives tax's value from Saudi unit
Mubasher: Kuwait-based First Investment on Wednesday said it received the tax value from one of its subsidiaries in Saudi Arabia, while its stake in the unit reduced to SAR 3.36 million ($897,000), from SAR 22.76 million ($6.07 million). A profit …
GFH affirms its plans for listing in Tadawul
22 November 09:34 AM GFH affirms its plans for listing on Tadawul
Dubai – Mubasher: Bahrain's GFH Financial Group on Wednesday confirmed its plans to complete listing requirements of the Saudi Stock Exchange (Tadawul). GFH also plans to obtain the approval of the Central Bank of Bahrain (CBB) regarding this …
KHC’s owner arresting stops loan to finance new investments – Reuters
21 November 03:26 PM KHC’s owner arresting stops loan to finance new investments – Reuters
Riyadh – Mubasher: Kingdom Holding Company’s (KHC) plan to borrow money for funding new investments has been suspended after the firm’s owner, Alwaleed bin Talal was arrested as Saudi Arabia started anti-corruption probe previously, Reuters …
Dar Al Arkan launches e-sales centre for selling projects in KSA
21 November 10:48 AM Dar Al Arkan launches e-sales centre for selling projects in KSA
Riyadh – Mubasher: Saudi Arabia-based, Dar Al Arkan Real Estate Development launched an e-sales centre to allow its clients to choose and book residential units from the firm's projects, to be the first company which provides this service. The …
SADAFCO authorises board to distribute interim dividends on shareholders
21 November 10:04 AM SADAFCO authorises board to distribute interim dividends on shareholders
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company’s (SADAFCO) ordinary general meeting (OGM) approved on Monday, 20 November, authorising the board of directors to distribute interim cash dividends on the shareholders for the fiscal year …
No financial impact is expected in the current time
20 November 04:10 PM Court orders Saudi firm to pay SAR 30m to Kuwait’s Specialities
Mubasher: Specialities Group Holding disclosed that the court has issued a ruling in favor of the Kuwaiti company Specialities Group Holding, and against Warehousing Projects and Logistics Co, a Saudi firm. The court ordered Warehousing Projects …
Emaar Development’s IPO to attract large number of Saudi investors
20 November 10:19 AM Emaar Development’s IPO to attract large number of Saudi investors
Dubai – Mubasher: Emaar Properties on Monday said that the initial public offering (IPO) of its unit, Emaar Development attracted a large number of regional investors, especially Saudi investors. The qualified Saudi investment institutions …
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19 November 09:32 PM SPIMACO to build new $40m production unit in Morocco
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) said that its Morocco branch will establish a new huge production unit in the industrial zone in Berrechid. The project will have investments of $40 …
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19 November 09:13 PM Jabal Omar appoints Goldman Sachs as advisor for merger
Riyadh - Mubasher: Jabal Omar Development has announced appointing Goldman Sachs - Saudi Arabia as the financial advisor for its merger with Umm Al Qura for Development and Construction Company. Jabal Omar revealed that the deal is still under …
Emaar Properties’ unit eyes global hotel portfolio expansion
19 November 10:48 AM Emaar Properties’ unit eyes global hotel portfolio expansion
Dubai - Mubasher:  Oliver Harnisch, CEO of Emaar Hospitality Group, has said that the group intends to double its hotel portfolio four times by 2021. Harnisch explained that the Emaar Properties subsidiary  has 30 hotels under development in the …
The gross sales value of equipment amounted to SAR 36.785 million
19 November 08:49 AM Al-Khodari Sons’ sells SAR 37m in auction
Riyadh – Mubasher: Abdullah Abdul Mohsen Al-Khodari Sons Company on Sunday announced the completion of its public plant and machinery auction held during the period from 14 to 16 November 2017. The gross sales value of equipment, which were sold …
KSA’s Al Tayyar names Alzaeem as deputy chairman
16 November 04:44 PM KSA’s Al Tayyar names Alzaeem as deputy chairman
Riyadh – Mubasher: Al Tayyar Travel Group’s board of directors decided on Wednesday, 15 November appointing Ahmad Samir Humdi Alzaeem as deputy chairman for the board’s current term. The company said that the current’s board term will end on 3 …
SoftBank to pump $25bn investments in KSA in next 3-4 yrs – Bloomberg
16 November 01:43 PM SoftBank to pump $25bn investments in KSA in next 3-4 yrs – Bloomberg
Riyadh – Mubasher: SoftBank Group Corp plans to pump $25 billion investments in Saudi Arabia during the coming three or four years, Bloomberg reported on Wednesday. The group which is managed by by Masayoshi Son aims to invest $15 billion in Saudi …
KSA’s Al Khaleej Training extends MoU with ANB
16 November 11:36 AM KSA’s Al Khaleej Training extends MoU with ANB
Riyadh – Mubasher: Saudi Arabia-based, Al Khaleej Training and Education extended its memorandum of understanding (MoU) with Arab National Investment Company (ANB Invest) to launch an income-generating real estate fund, with a focus on the …
Saudi Arabian Monetary Authority approved on Tuesday Chubb Arabia's request
15 November 10:39 PM Chubb Arabia obtains approval to sell cyber-insurance in KSA
Riyadh - Mubasher: Chubb Arabia Cooperative Insurance Company has obtained the authorization to sell Cyber Enterprise Risk Management Insurance in Saudi Arabia, according to a bourse filing. On Tuesday, the company received the letter of approval …
15 November 02:27 PM Private deal on Buruj totals SAR 13.6m
Riyadh – Mubasher: A special transaction was on executed on the stock of Buruj Cooperative Insurance Co totaled SAR 13.6 million on Wednesday on the Saudi Stock Exchange (Tadawul). The transaction saw trading of 500,000 shares at SAR 27.2 per …
15 November 01:29 PM BSF names Fayez new CEO in coming February
Riyadh – Mubasher: Banque Saudi Fransi (BSF) announced on Tuesday, 14 November appointing Rayan bin Mohammed Fayez as the bank’s managing director, and CEO, effective the coming 18 February, instead of Patrice Couvegnes. The chairman of audit …
Advanced Petrochemical, GDI ink SAR 2.2bn MoU
15 November 12:39 PM Advanced Petrochemical, GDI ink SAR 2.2bn MoU
Riyadh – Mubasher: Saudi Arabia-based, Advanced Petrochemical Company signed on Tuesday, 14 November a 6-month memorandum of understanding (MoU) with Global Company for Downstream Industries (GDI) to develop Pygas and Pyoil downstream project at a …