Stocks News

Saudi Steel Pipe wins SAR 60m deal from Aramco
18 October 06:17 PM Saudi Steel Pipe wins SAR 60m deal from Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Thursday announced winning an SAR 60 million ($15.99 million) contract from Saudi Arabian Oil Co “Aramco”. Under the deal signed on Thursday, SSP will supply 30 inches OCTG pipes to Aramco, it …
Riyad Bank’s profits also increased 13% to SAR 3.3 billion from January to September 2018
18 October 04:46 PM Riyad Bank posts SAR 1.16bn profit in Q3
Riyadh – Mubasher: Riyad Bank on Thursday said that its profits rose 8.17% year-on-year during the third quarter of 2018, registering SAR 1.16 billion, from SAR 1.8 billion. The Saudi lender attributed the third-quarter profit growth to a rise in …
This free-of-charge ‘KFHTrade’ service will offer stocks trading
18 October 04:24 PM ‘KFHTrade’ free service to support GCC brokers, investors
Edited By: Ingy ElSafy Mubasher: Kuwait Finance House (KFH) has launched a new service ‘KFHTrade’ in collaboration with KFH Capital for investment Co, according to an official statement by the bank on Thursday. KFHTrade will offer high standards …
FIPCO’s profit reaches SAR 8m during Q3, SAR 24m in 9M
18 October 03:43 PM Filing and Packing Materials reports SAR 24m profit in 9M
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) on Thursday reported a 30% year-on-year profit growth in the third quarter of 2018. Profits amounted to SAR 7.8 million ($2.08 million) during Q3-18, compared to SAR 6 …
Boursa Kuwait has resumed trading on Munshaat stock
18 October 12:33 PM Kuwait’s Munshaat approves settlement with Saudi GAZT
Mubasher: Munshaat Real Estate Projects announced that its board members approved on Wednesday the report proposed by the external advisor regarding distributing the amount realised from the settlement with the Saudi General Authority of Zakat and …
Net income for special commissions and investments amounted to SAR 1.5 billion during Q3-18
18 October 11:28 AM Saudi Samba logs SAR 1.41bn profit in Q3
Riyadh – Mubasher: Samba Financial Group on Thursday reported an 8.3% profit growth by the end of the third quarter of 2018, compared to the year-ago period. The Saudi lender’s profits reach SAR 1.41 billion during Q3-18, compared to SAR 1.3 …
Net income for special commissions and investments levelled up 12.5% to SAR 987 million in Q3-18
18 October 10:35 AM Alinma Bank’s profit levels up 28% in 9M
Riyadh – Mubasher: Alinma Bank on Thursday reported a 20.4% year-on-year profit increase in the third quarter of 2018, logging SAR 653 million ($174.02 million), from SAR 542 million ($144.44 million). Quarter-on-quarter, the Saudi lender’s …
The Saudi firm will provide the authority with the unified communications services
18 October 10:12 AM Al Khaleej Training wins SAR 23m project from GAZT
Riyadh – Mubasher: Al Khaleej Training and Education has won a one-year contract from the General Authority of Zakat and Tax (GAZT) at SAR 23.1 million in investments. Under the deal, the Saudi firm will provide the authority with the unified …
Aldrees’ profits surged 15.3% to SAR 158.4m in the first nine months of 2018
18 October 09:19 AM Aldrees Petroleum logs SAR 49m profit in Q3
Riyadh – Mubasher: Saudi Arabia-based Aldrees Petroleum and Transport Services Company on Thursday reported a 5.8% year-on-year profit hike in the third quarter of 2018.  Aldrees posted a profit of SAR 49.2 million ($11.41 million) during Q3-18, …
Cooperation with Microsoft is part of STC’s growth strategy
17 October 01:51 PM STC’s unit inks cooperation deal with Microsoft
Riyadh – Mubasher: Saudi Telecom Company (STC) on Wednesday said that its subsidiary STC Solutions signed a partnership agreement with Microsoft at GITEX Technology Week 2018 at the Dubai World Trade Centre (DWTC). The five-day event, launched on …
Yamama Cement attributed the third-quarter losses to a decrease in sales value
17 October 09:32 AM Yamama Cement suffers SAR 46.38m loss in Q3
Riyadh – Mubasher: Yamama Cement on Wednesday has said it turned to loss during the third quarter of 2018, against posting a profit in the year-ago period. The company incurred a net loss of SAR 46.38 million during Q3-18, against a net profit of …
The deal’s financial impact will start to appear in mid of the fourth quarter of 2018
17 October 09:19 AM Al Jouf Cement to export cement, clinker to Palestine
Riyadh – Mubasher: Saudi Arabia-based Al Jouf Cement Company has signed an agreement with Palestine’s Sanad Trading and Marketing to export 50,000 tonnes of cement and clinker per year. The deal’s financial impact will start to appear in mid of …
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16 October 06:14 PM Al-Rajhi raises TP for Jarir to SAR 177/shr
Riyadh - Mubasher: Al Rajhi Capital Research has maintained its Neutral recommendation on Jarir Marketing, but raised the company’s stock target price (TP) to SAR 177 per share, from SAR 166. The company’s earnings during the third quarter of the …
Arabian Shield signs new health insurance deal
16 October 05:25 PM Arabian Shield signs new health insurance deal
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Co. on Tuesday announced signing a health insurance contract with Nesma and Partners Contracting Co. Ltd. Amounting to SAR 59 million ($15.73 million), the one-year contract came into effect …
Officials from STC and NWC signing the deal at GITEX 2018
16 October 05:20 PM STC, NWC in MoU at GITEX to boost e-collection
Riyadh – Mubasher: Saudi Telecom Company (STC) and the National Water Company (NWC) have announced signing a memorandum of understanding (MoU) to provide digital solutions and offer e-collection options. The deal signed on Tuesday during the mega …
MEPCO will use the credit facility to finance its operating capital
16 October 09:51 AM MEPCO gets SAR 100m sharia-compliant loan from Bank Albilad
Riyadh – Mubasher: Saudi Arabia-based The Middle East Paper Co. (MEPCO) has signed a SAR 100 million ($26.67 million) sharia-compliant loan agreement with Bank Albilad. MEPCO will use the credit facility to finance its operating capital and meet …
Mobily, Ericsson ink deal to Saudise IT services
15 October 05:01 PM Mobily, Ericsson ink deal to Saudise IT services
Riyadh – Mubasher: Saudi Arabia’s Etihad Etisalat “Mobily” on Monday signed a contract with Ericsson to Saudise information technology (IT) services and improve their quality across the kingdom. The deal will support Mobily’s role in boosting …
Zain Kuwait has started to invest in the infrastructure over the past two years
14 October 05:30 PM Zain Kuwait plans to launch 5G service end-2018
Mubasher: The Kuwaiti telecom company Zain intends to launch its first services and applications of the 5G internet by the end of 2018 in case all frequencies allocated for this service are completed, the CEO of Zain Kuwait Iman Al Rawdan told …
SABB-Alawwal union allows more retail business
14 October 03:57 PM SABB-Alawwal union to boost retail business; deal to finalise in H1-19 – MD
Riyadh – Mubasher: There are many benefits to the merger between the Saudi British Bank (SABB) and Alawwal Bank, the merged entity’s newly-appointed managing director has said. Not only will the merger create the third largest bank in Saudi …
Nama announced resuming operation at its allyl-alcohol, Epichlorohydrin and chlorine alkaline plants
14 October 11:19 AM Nama Chemicals starts maintenance work after limited leak
Riyadh – Mubasher: Nama Chemicals Company on Sunday announced that it has begun maintenance work at one of the Epichlorohydrin pipelines after a limited leak. This pipeline links Jubail Commercial Port and reservoirs of Jana Company,  Nama …
SMC will carry on adding further petrochemical products to its marketing portfolio
14 October 10:30 AM Sahara Petrochemicals’ unit begins marketing operations in GCC
Riyadh – Mubasher: Sahara Petrochemicals Company on Sunday announced that its wholly-owned subsidiary, Sahara Marketing Company (SMC), has started marketing operations on 11 October. The marketing unit has entered into a long-term agreement with …
Advanced Petrochemicals offers SAR 0.7/shr dividend for Q3
14 October 08:32 AM Advanced Petrochemicals offers SAR 0.7/shr dividend for Q3
Riyadh – Mubasher: Advanced Petrochemical Company on Sunday announced that its shareholders have approved a board recommendation for cash dividends for the third quarter of 2018. The dividend distribution will begin on Thursday, 18 October and …
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12 October 12:31 AM STC launches in-flight internet service
Riyadh - Mubasher: The Saudi Telecom Company (STC) has announced on Thursday that it will launch its in-flight Internet services during its participation in the GITEX Technology Week in Dubai next week. The service will be provided through ground …
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12 October 12:28 AM Nama Chemicals seek approval to raise capital
Mubasher: Nama Chemicals announced on Thursday that it has filed for a capital hike through the issuance of bonus shares. The company requested the approval of the Capital Markets Authority (CMA), according to a statement to the Saudi Stock …
Saudi CMA imposes SAR 180,000 fine on Medgulf
11 October 05:53 PM Saudi CMA imposes SAR 180,000 fine on Medgulf
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Thursday fined Mediterranean and Gulf Insurance and Reinsurance Co. “Medgulf”. The fine worth SAR 180,000 ($47,988) was imposed after the company violated the listing rules and …