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The Saudi White Cement Co. will be listed on the Nomu-Parallel Market.
04:19 PM Tadawul to update companies’ free float shares next week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will update the free float shares of all companies starting from Sunday, 4 October 2020 and will add four companies to the market indices. Alujain Holding Corp will be listed on the Tadawul All …
About 48.3 million shares were sold at SAR 30 riyals on Sunday.
03:12 PM Credit Agricole sells final stake in Banque Saudi Fransi for $386m
Riyadh – Mubasher: Credit Agricole sold on Sunday the final portion of its stake in Banque Saudi Fransi (BSF), bringing to an end the French lender’s decades long investment in one of the largest Saudi corporate banks, Bloomberg reported citing a …
Part of the signing ceremony
01:51 PM Tourism Development Fund pens projects finance deals with two lenders
Riyadh – Mubasher: Saudi Arabia’s Tourism Development Fund signed two cooperation agreements with Riyadh Bank and Banque Saudi Fransi (BSF) to support and facilitate the financing of tourism projects in the kingdom. The signing ceremony was …
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09:58 AM Seera, Tourism Development Fund to develop, build hotels to boost tourism
Riyadh – Mubasher: Seera Group has penned a memorandum of understanding (MoU) with the Tourism Development Fund to finance the development and construction of some 1,000-room hotels in various Saudi cities, including Riyadh, Jeddah, Al Baha, Abha, …
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27 September 03:24 PM Three specials transactions worth SAR 1.45bn executed on Banque Saudi Fransi
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw the execution of three special transactions on Banque Saudi Fransi (BSF) worth SAR 1.45 billion on Sunday. A total of 48.39 million shares were exchanged at SAR 30, which is below the …
A total of 40 tonnes of high-grade blue ammonia were dispatched to Japan
27 September 02:15 PM Saudi Aramco, Japan’s IEEJ ship world’s first blue ammonia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Japan’s Institute of Energy Economics(IEEJ), in partnership with the Saudi Basic Industries Corporation (SABIC), demonstrated the production and shipment of blue ammonia from …
Saudi Aramco's standalone credit profile (SCP) was assessed at 'aa+'.
27 September 11:01 AM Fitch affirms Saudi Aramco at 'A'; outlook stable
Riyadh – Mubasher: Fitch Ratings has affirmed the Saudi Arabian Oil Company's (Saudi Aramco) long-term issuer default rating (IDR) at 'A', with a “Stable” outlook. The world's largest oil producer’s standalone credit profile (SCP) was assessed at …
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27 September 09:18 AM Al Samaani board approves moving to Tadawul
Riyadh – Mubasher: The board of Al Samaani Factory for Metal Industries Company approved the transfer of the company’s shares from the parallel market to the main market. The move is subject to the market’s approval and completion of all necessary …
The extension includes a cineplex that spans 5,000 square metres.
27 September 09:02 AM Arabian Centres soft opens phase one of Nakheel Mall Extension
Riyadh – Mubasher: Arabian Centres Company soft opened Nakheel Mall Extension (Phase 1) in Riyadh on Thursday, 24 September, with around 16,000 square metres of rentable areas added, of which 70% was leased. The extension building has been …
The dividends represent 10% of the share’s par value
22 September 09:08 AM Bahri board proposes SAR 393.8m dividends for H1
Riyadh – Mubasher: The board of the National Shipping Company of Saudi Arabia (Bahri) recommended distributing SAR 393.750 million as cash dividends to shareholders for the first half (H1) of 2020. The proposed amount is equivalent to SAR 1 per …
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21 September 01:18 PM SGS employs advanced technologies to sterilise aircraft, Saudi airports
Riyadh - Mubasher: Saudi Ground Services Company (SGS) signed a memorandum of understanding (MoU) to develop and manufacture first-of-its-kind technical solutions for the sterilisation of airports and aircraft in all Saudi airports. …
The new appointment shall be effective as of 11 October 2020
21 September 09:08 AM GO names new CEO
Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) approved to name Yahya Bin Saleh Bin Mohsen Al Mansour as the company’s new CEO succeeding Fahad Bin Abdul Rahman Al Bawardi. The new appointment shall be effective as of …
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20 September 10:15 AM Salama Cooperative Insurance cuts accumulated losses by 6.5%
Riyadh – Mubasher: Salama Cooperative Insurance Company has cut its accumulated losses to less than 20% of the capital over the first half (H1) of 2020.  The company's losses now stand at SAR 48.98 million, representing 19.59% of the …
The two MoUs were extended for three months until 7 December 2020
20 September 09:47 AM National Building extends two MoUs on coronavirus-related delays
Riyadh – Mubasher: The National Building and Marketing Company has extended a memorandum of understanding (MoU) to acquire the entire capital of Al-Kharj Union Company for Metal Casting at an initial sum of SAR 20 million.  It further renewed …
SIIG owns 50% of Petrochem
20 September 09:10 AM Petrochem, SIIG in early talks for potential merger
Riyadh – Mubasher: The board of the National Petrochemical Company (Petrochem) approved to begin initial talks with the Saudi Industrial Investment Group (SIIG) to study the economic feasibility of merging the two companies. No agreement has been …
SPIMACO will manufacture some of the unit's products in its plant in Al Qassim
17 September 09:30 AM SPIMACO announces optional liquidation of under-construction unit
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) said its partners in Al Watan Arabia for Pharmaceutical Products, a fully-owned limited liability subsidiary, approved the optional liquidation of the …
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16 September 04:44 PM Saudi German Hospital secures SAR 305m loan from Al Rajhi Bank
Riyadh – Mubasher: The Middle East Healthcare Company (Saudi German Hospital) on Wednesday received Sharia-compliant credit facilities worth SAR 305 million from Al Rajhi Bank. A total of SAR 120 million of the financing is revolving loans that …
Trading the shares of National Building will resume on 17 September
16 September 10:30 AM Tadawul suspends trading on National Building shares
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading on the shares of the National Building and Marketing Company on Wednesday, 16 September. Trading the shares will resume on 17 September for 20 trading sessions during …
Leejam now has 136 centres operating inside and outside the kingdom
16 September 09:54 AM Leejam opens new women's fitness centre in Riyadh
Riyadh – Mubasher: Leejam Sports Company opened on Wednesday a new ladies fitness centre in Riyadh city that spans 9,385 square metres. The centre operates under the brand "Fitness Time - Ladies” and involves all services and facilities of that …
The asset’s book value is SAR 247 million
16 September 09:30 AM SPIMACO sells part of equity portfolio for SAR 482m
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) on 15 September sold part of an equity portfolio at the fair value (FV) for SAR 482 million. The amount represents 10.1% of SPIMACO's total assets, which …
The dividend amount represents 10% of the share’s par value
16 September 09:05 AM Aslak board approves SAR 35.1m dividends
Riyadh – Mubasher: The board of United Wire Factories Company (Aslak) approved distributing cash dividends of SAR 35.1 million to shareholders for the period until the end of 2019 and the first half (H1) of 2020. The approved amount represents SAR …
The IPO size could be around $500 million if the company sells 20%
15 September 03:05 PM stc asks banks to pitch for unit IPO
Riyadh – Mubasher: Saudi Telecom Company (stc) has asked international and local banks to pitch for roles in a potential initial public offering (IPO) of its products and services development arm, Solutions by STC (STCS), Reuters reported on …
The vaccine's manufacturing technologies will be transferred to Saudi in the second stage of the MoU
15 September 10:26 AM Saudi Chemical, RDIF sign MoU to provide COVID-19 vaccine in KSA
Riyadh – Mubasher: Saudi Chemical Company signed a non-binding memorandum of understanding (MoU) with the Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, to provide and distribute the coronavirus (COVID-19) vaccine in the …
The sale proceeds will be used to further strengthen the group's financial position
15 September 09:39 AM Fitaihi Holding sells 4.83% stake in Al-Jouf for SAR 30m
Riyadh – Mubasher: Fitaihi Holding Group has sold 4.83% of Al-Jouf Agricultural Development Co, a 14.01%-owned associate, until the end of 14 September 2020, generating capital profits of SAR 29.95 million. This comes within the group’s strategy …
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15 September 09:19 AM Development Works Food board approves moving to Tadawul
Riyadh – Mubasher: The Board of Directors of Development Works Food (DWF) Company approved by circulation on 14 September the transfer of the company’s shares from the parallel market to the main market. The move is subject to the market’s …