Stocks News

Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events during this week in the period from 24 until 28 September
3 hours ago Tadawul awaits important events this week
Riyadh – Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events during this week in the period from 24 until 28 September. Saudi Arabian Fertilizer Co (SAFCO) on Tuesday, 26 September will start …
STC had won and auction to sell the frequencies at SAR 2.5 billion
22 September 07:38 PM STC pays 30% of new frequencies price
Riyadh – Mubasher: Saudi Telecom (STC) on Thursday announced that it paid 30% of the total value of its new frequencies at bands; 700 and 1800 megahertz (MHz), worth SAR 752 million, on 21 August. Last June, the company had won an auction, managed …
Al Tayyar signed a one-year agreement with Saudi Airlines for issuing tickets for Ministry of Education employees
22 September 03:42 PM Al Tayyar invests in hotel development fund, signs with Saudi Airlines
Riyadh – Mubasher: The board of Al Tayyar Travel Group Holding on Thursday agreed on contributing in a special real estate fund for developing medium-sized hotels. The board approved assigning three pieces of land in Jeddah to the fund, the …
Mouwasat Medical Services Company on Thursday singed a SAR 150 million agreement with Project Build Co. Ltd. (PBC) to expand a hospital in Dammam
21 September 05:45 PM Mouwasat, PBC ink SAR 150m Dammam expansion deal
Riyadh – Mubasher: Mouwasat Medical Services Company on Thursday signed an SAR 150 million agreement with Project Build Co. Ltd. (PBC) to expand a hospital in Dammam. The project's expansion will be implemented on a 26-month period, starting from …
Mobily pays SAR 126.9 for 1,800MHZ spectrum Thursday
21 September 05:06 PM Mobily pays SAR 126.9 for 1,800 MHZ spectrum
Riyadh – Mubasher: Etihad Etisalat Co (Mobily) on Thursday said it paid SAR 126.9 million as an instalment to receive the 1,800 Megahertz (MHZ) spectrum. The payment makes up 30% of the total amount due, which is SAR 422 million. This investment …
The financial impact of the transaction will appear sstarting from 1 January 2018
21 September 03:39 PM Zain KSA pays SAR 254m for additional spectrum
Riyadh – Mubasher: The Saudi Mobile Telecommunications Company (Zain) on Thursday paid SAR 253.8 million as the first tranche of its operating cash inflows to acquire additional spectrum. The payment represents 30% of the total amount which is SAR …
Arabian Cement, Mouwasat stocks see private deals at SAR 10.4m Thursday
21 September 01:28 PM Arabian Cement, Mouwasat stocks see private deals at SAR 10.4m Thursday
Riyadh – Mubasher: Two private transactions were executed on the stocks of Saudi Arabia-based Arabian Cement Co, and Mouwasat Medical Services Company totaled SAR 10.396 million with a trading volume of 299,000 shares during Thursday's trading …
The acquisition was made at SAR 29.5 per share
20 September 07:36 PM KHC closes $1.5bn acquisition in BSF
Riyadh – Mubasher: Kingdom Holding Company on Wednesday announced closing its acquisition of a 16.2% stake in Banque Saudi Fransi (BSF). The acquisition was made at SAR 29.5 per share, registering a total consideration of SAR 5.8 billion ($1.5 …
Saudi Research to obtain Bloomberg Arabia licence
20 September 06:00 PM Saudi Research plans to launch Bloomberg Arabia
Riyadh – Mubasher: Saudi Research and Marketing Group on Wednesday signed an agreement with Bloomberg L.P. to obtain an exclusive licence to launch Bloomberg channel, radio station, digital platform, and business magazine in Arabic at a value of …
KHC buys SAR 5.8bn shares in BSF
20 September 03:46 PM KHC buys SAR 5.8bn shares in BSF
Riyadh – Mubasher: Kingdom Holding Company (KHC) executed a private transaction on Banque Saudi Fransi’s (BSF) stock at SAR 29.5 per share after 195.3 million shares were exchanged, at a value of SAR 5.760 billion. Private transactions on the …
The Saudi Stock Exchange’s (Tadawul) data revealed executing eight private transactions during Wednesday’s trading activities
20 September 02:55 PM Tadawul sees 8 special deals total SAR 31.33m Wednesday
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) data revealed executing eight private transactions during Wednesday’s trading activities. Saudi Arabia-based Arabian Cement Co’s stock saw executing four private deals, the first transaction …
Du, Etisalat change their networks name to celebrate KSA National Day
20 September 11:33 AM Du, Etisalat change their networks name to celebrate KSA National Day
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) and Emirates Telecommunications Corporation (Etisalat) changed their networks name to "KSA and the UAE together" due to celebrating the Saudi National Day which comes on 23 …
Bawan inks $53.3m Islamic facility deal with GIB
20 September 10:48 AM Bawan inks $53.3m Islamic facility deal with GIB
Riyadh – Mubasher: Bawan Co signed on Tuesday, 19 September an Islamic banking facility agreement at a value of SAR 200 million ($53.3 million) with Gulf International Bank (GIB). The finance will last until the end of 2017, and the company aims …
These offers are still under study
19 September 04:36 PM KFH denies receiving final deal on stake in Aref
Mubasher: Kuwait Finance House (KFH) is still receiving different offers from local and international investors to purchase the bank’s stake in Aref Investment Group. KFH clarified that these offers are still under study, according to a bourse …
The operational profit fell 2.08% to SAR 110.84 million in H1-17 against SAR 113.2 million in the similar period in 2016
19 September 01:59 PM Alujain’s profits drop 68% in Q2
Riyadh – Mubasher: Alujain Corp. on Tuesday said its net profits declined by 67.65% to SAR 12.49 million ($3.33 million) in the second quarter of 2017 from SAR 38.61 million ($10.30 million) in the year-ago period. The operational profit decreased …
The fiscal year in the Nomu-listed company starts from 1 April to 30 March
19 September 01:53 PM Abo Moati’s OGM approves SAR 8m cash dividends
Riyadh – Mubasher: The ordinary general meeting (OGM) of Abdulla Saad Abo Moati for Bookstore Company approved on Monday a 5% cash dividend, amounting to SAR 0.5 per share, with a total value of SAR 8 million. Shareholders of record by the end of …
The deal’s financial impact is expected to reflect on Mouwasat’s results for the fourth quarter of 2017
19 September 10:12 AM Mouwasat ink SAR 40m deal to supply medical devices
Riyadh – Mubasher: Mouwasat Medical Services Company signed a SAR 40 million deal with Philips Healthcare Saudi Arabia Limited Co. on September 18, according to a statement. Mouwasat will supply and install diagnostic radiology, intensive care, …
The project will start as of 25 September 2017, DHC said, noting that  structural works will be completed by the second quarter of 2019
18 September 07:09 PM Dallah Healthcare inks SAR 140m deal with YMCO
Riyadh – Mubasher: Dallah Healthcare Company (DHC) on Monday signed the structural constructions contract for the West Expansion of Dallah Hospital Al-Nakheel in Riyadh with Youssef Marroun Contracting Company (YMCO). The total value of the …
Saudi NCB finance SMEs with SAR 27bn in 2016
18 September 06:15 PM Saudi NCB finance SMEs with SAR 27bn in 2016
Riyadh – Mubasher: The acting CEO and chairman for small and medium-sized enterprises (SMEs) at the National Commercial Bank (NCB) of Saudi Arabia on Monday stated that the bank granted SAR 27 billion loans to finance the SMEs in 2016.
Two private transactions on Arabian Cement stock total SAR 18.3m
18 September 03:36 PM Two private transactions on Arabian Cement stock total SAR 18.3m
Riyadh – Mubasher: Two private transactions were executed on the stock of the Saudi Arabia-based Arabian Cement Co on Monday on the Saudi Stock Exchange (Tadawul) totaled SAR 18.3 million. The transactions saw the trading of 572,700 shares, at SAR …
The store is covering an area of 4,550 square metres, and it is expected to enhance SACO’s sales and profits
18 September 10:43 AM SACO opened new store in Hafr Al-Batin
Riyadh – Mubasher: Saudi Company for Hardware (SACO) inaugurated on Sunday, 17 September a new store in Hafr Al-Batin city. The new store is third during 2017 and the 28th in SACO’s total stores in Saudi Arabia, according to a statement on Monday …
Savola to see SAR 694m profits in Q3 after Al Marai selling
18 September 10:08 AM Savola to see SAR 694m profits in Q3 after Al Marai selling
Riyadh – Mubasher: Savola Group on Monday completed all the special negotiated transactions to sell part of its stake in Al Marai, to achieve SAR 694.1 million ($185 million) profits that will appear in Savola’s financial statements for the third …
SEC registered government’s shares in PIF portfolio
18 September 09:38 AM SEC registered government’s shares in PIF portfolio
Riyadh – Mubasher: The Saudi Electricity Company (SEC) registered on Sunday the government’s shares which are 3.096 billion shares in the Public Investment Fund’s (PIF) portfolio at the Securities Depository Center Company (Edaa). The government’s …
Emaar recently unveiled the Cove 1 in the region
18 September 09:31 AM Emaar launches Address Harbour Point
Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …
Makkah to establish closed self-financed subsidiary with capital of SAR 3 million
17 September 06:39 PM Makkah Construction to establish unit with SAR 3m capital
Riyadh – Mubasher: Makkah Construction and Development on Sunday said it started establishing a wholly-owned and self-financed closed subsidiary specialised in organising domestic Umrah with a capital of SAR 3 million. The Tadawul-listed firm …