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14 December 10:39 AM

Stocks News

The capital increase aims to improve the firm’s solvency and support its fiscal position.
13 December 10:46 AM Enaya Cooperative’s EGM nods to SAR 200m capital hike
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company (Enaya) on Thursday said that its shareholders had approved raising capital by 200% to SAR 300 million, from SAR 100 million via right issue shares during an extraordinary general …
Board of Directors
The project will be carried out within 12 months
13 December 09:43 AM Saudi Justice Ministry, Al Khaleej Training ink SAR 17.5m deal
Riyadh – Mubasher: Al Khaleej Training and Education has signed a SAR 17.5 million contract with the Ministry of Justice to provide it with the unified call services. The project will be carried out within 12 months, according to a statement to …
Companies Investments
9 December 12:03 PM Tassnief affirms FIPCO rating at ‘BBB+’; outlook ‘Stable’
The rating was based on some positive fundamentals including FIBCO’s well-established historic operating model
Global Markets brief
The cancellation of the deal didn't have any financial impacts on the firm's financial results
6 December 05:32 PM BATIC cancels asset acquisition deal
Riyadh – Mubasher: BATIC Investment and Logistics Company on Thursday announced that it has inked a cancelation and final settlement agreement with UAE-based companies Abdullah Abbar & Sons Cold Stores (ACS), Dar Al Abbar Ltd. and its subsidiary …
Mergers and Acquisitions
6 December 04:57 PM Al Inma Bank reschedules SPPC’s SAR 480m loan
The tenor of the loan after rescheduling is seven years starting from 6 December 2018
Global Reports
Photo Archive
5 December 07:42 PM Sahara to distribute dividends at 5%
Riyadh - Mubasher: Sahara Petrochemical Company announced on Wednesday the distribution of cash dividends for the second half of 2018. The company’s board of directors decided that it will distribute a total of SAR 219.4 million in dividends at 5% …
Cash Dividends
Mobily wins $291m facility via global lenders
5 December 10:53 AM Mobily wins $291m facility via global lenders
Riyadh – Mubasher: Saudi Arabia’s Etihad Etisalat Company (Mobily) on Wednesday has announced signing a ten-year financing contract with Swedish Export Credit Agencies (ECA) and Finnvera ECA at a value of SAR 1.09 billion ($291 million). The list …
Banking and Finance
Photo Archive
4 December 11:11 PM SABIC increases stake in Arrazi
Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) announced on Tuesday that it has signed an agreement with the Japan Saudi Arabia Methanol Company (JSMC) to buy 50% of the company's shares in Arrazi for $150 million. This accounts for …
Companies Investments
The two firms further noted that they are evaluating studies for this potential expansion
2 December 12:34 PM Oman’s National Gas, GASCO eye expansion in Saudi Arabia
Mubasher: Oman-based National Gas and National Gas and Industrialization Company (GASCO) are considering available opportunities for expanding their business in Saudi Arabia. The two firms further noted that they are evaluating studies for this …
Companies Investments
2 December 12:13 PM MESC inks debt-restructuring deal with 6-bank consortium
The company works on restructuring total debts of SAR 268.9 million
Global Markets brief
2 December 11:30 AM Alinma Bank to distribute 10% cash dividends for 2018
The Saudi-based bank will distribute an amount of SAR 1.49 billion
Global Markets brief
2 December 11:29 AM Allianz SF board OKs capital increase
The company will raise its capital to SAR 600 million
Global Markets brief
Net profit reached to SAR 862,000 million during the three-month period ended September
2 December 09:04 AM Al-Samaani profit slips 25% in Q3
Riyadh – Mubasher: Al-Samaani Factory for Metal Industries on Sunday reported a 24.51% year-on-year drop in net profits for the third quarter of 2018. Net profit reached to SAR 862,000 million during the three-month period ended September, versus …
Financial Results
Photo Archive
30 November 12:41 AM SABIC inks 6 MoUs with global suppliers
Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) has signed on Thursday memorandums of understanding (MoUs) with six multinational suppliers, according to a company statement. Suppliers include Siemens, ABB, Elliott Group, as well as …
Companies Investments
The facilities will be divided into two tranches
29 November 09:44 AM Saudi Electric to ink $2.15bn credit facilities Thursday
Riyadh – Mubasher: Saudi Electricity Co. will sign an international syndicated revolving credit facilities agreement worth $ 2.15 billion (SAR 8.06 billion) on Thursday. The facilities will be divided into two tranches; the first values at $1.58 …
Banking and Finance
28 November 12:50 PM Bahrain's Investcorp acquires $311m multi-family properties in US
Global Markets brief
27 November 12:30 PM Jarir Marketing opens SAR 24m showroom
Saudi Arabia's Jarir Marketing Co. announced the opening of a showroom in Al-Kharj Governorate with total investments of SAR 24 million
Global Reports
STC to launch 3rd phase of broadband services in remote areas soon
25 November 06:10 PM STC to launch 3rd phase of broadband services in remote areas soon
Riyadh – Mubasher: The Saudi Ministry of Communications and Information Technology on Sunday has signed an agreement with the Saudi Telecom Company (STC) to implement the third phase of providing broadband services to remote areas. This deal is …
Companies Investments
Tabuk Cement last reported a 57.2% year-on-year loss increase during the third quarter of 2018
25 November 04:43 PM Tabuk Cement inks export deal with Yemen
Riyadh – Mubasher: Saudi Arabia-based Tabuk Cement Company on Sunday announced signing a memorandum of understading (MoU) with Yemen to export cement. Under the three-month deal, the Saudi firm will export 6,000 tonnes of cement to Yemen, …
Companies Investments
25 November 12:21 PM Al-Khodari incurs SAR 26m losses in Q3 on revenue fall
Global Markets brief
22 November 02:36 PM Saudi PIF’s local bank shares hit SAR 89.13bn at end-October
Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund is owning SAR 89.13 billion, or 2.59 billion shares, at a number of local banks which are listed on the Saudi Stock Exchange (Tadawul), according to recent data by Kuwait's Al Joman Center …
Sector Reports
22 November 12:45 PM SASCO stock sees SAR 45.04m private deal Thursday
Riyadh – Mubasher: A private transaction was implemented on the Saudi Automotive Services Company’s (SASCO) stock on Thursday at a value of SAR 45.04 million after 2.7 million shares were exchanged on the Saudi Stock Exchange (Tadawul). The deal …
Trading Activities
21 November 02:27 PM UAE’s Amanat Holdings eyes expansions in GCC, overseas markets –Interview
Amanat Holdings is looking to expand in the UAE, the GCC, particularly Saudi Arabia, and beyond
Global Reports
The contract will be signed on 12 December
20 November 09:44 AM Al Saqr Cooperative wins SAR 20m contract
Riyadh – Mubasher: Al Saqr Cooperative Insurance Company on Tuesday announced that it has won a SAR 20 million contract from Mahara Human Resources Company. The contract, that will be signed on 12 December, entails providing insurance services to …
Companies Investments
Aramco is also implementing due diligence on the potential transaction
20 November 09:41 AM Aramco considers financing options of SABIC’s acquisition
Riyadh – Mubasher: Saudi Arabian Oil Co, known internationally as Saudi Aramco, is mulling over a raft of financing options for the acquisition of a major stake in the Saudi Basic Industries Corporation (SABIC), informed sources said. Aramco is …
Mergers and Acquisitions