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29 September 09:33 PM Maharah’s unit closes stake acquisition of Care Shield for SAR 307m
Riyadh – Mubasher: Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company, acquired 41.36% equity in Care Shield Holding Company for SAR 307.11 million. Maharah pointed out that 35% of the transaction was …
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29 September 05:59 PM Retal unveils SAR 112.5m sale deal in Al Khobar city
  Riyadh – Mubasher: Retal Urban Development Company sold its 50% share in a land plot spanning 250,000 square metres in Al Khobar city at a total cost of SAR 112.50 million on 28 September 2022. Located in Aziziya district, the asset’s book value …
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29 September 05:40 PM Arriyadh Development to pay SAR 0.25/shr dividend for H1-22
Riyadh – Mubasher: Arriyadh Development Company has decided to disburse a dividend of SAR 0.25 per share, representing 2.50% of the share nominal value, for the first half (H1) of 2022. The Tadawul-listed firm will pay out a total of SAR 44.44 …
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29 September 05:37 PM SABIC’s CEO resigns; Acting CEO announced
Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) has announced the resignation of Yousef Abdullah Al Benyan from his position as the company’s CEO. Al Benyan’s resignation came into effect on 28 September, as he was named the Minister …
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29 September 10:37 AM International Maritime Industries partners with Bahri Logistics to expand storage, logistics services
Riyadh – Mubasher: MENA’s largest shipyard, International Maritime Industries (IMI), signed a long-term agreement with Bahri Logistics, one of Bahri’s business units, to enhance its supply chain through cutting-edge warehousing and logistics …
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28 September 05:48 PM SAPTCO wins SAR 88m transport project
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) has been awarded a project worth SAR 88 million for the public bus transport project in Taif. SAPTCO pointed out that the project will have a positive impact on its revenues during the …
28 September 05:41 PM Naseej for Technology awarded SAR 10m project
Riyadh – Mubasher: Naseej for Technology Company won a project worth SAR 9.99 million from King Salman Global Academy for the Arabic Language, according to a bourse filing. The project aims to set up an online platform called Linguistic Assistant, …
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28 September 05:33 PM Sumou Real Estate pens SAR 305m deal with National Housing
Riyadh – Mubasher: Sumou Real Estate Company has sealed a development agreement with the National Housing Company at a total cost of SAR 305 million. The two parties signed the 36-month deal for the Area Apt Zone 4A and 4B of Al Aali project in …
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28 September 04:19 PM Advanced Petrochemical to pay SAR 142.5m dividends for Q3-22
Riyadh – Mubasher: Advanced Petrochemical Company will disburse SAR 142.53 million as cash dividends for the third quarter (Q3) of 2022, according to a bourse filing. The firm will pay out a dividend of SAR 0.55 per share, representing 5.50% of …
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28 September 04:01 PM Maharah secures SAR 200m loan from Al Rajhi Bank
Riyadh – Mubasher: Maharah Human Resources Company obtained a long-term Sharia-compliant Murabaha loan worth SAR 200 million from Al Rajhi Bank on 27 September 2022. The company will use the facility to finance its future acquisitions, according …
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28 September 10:37 AM Othaim Markets exits unit, sells land
Riyadh – Mubasher: The ordinary general meeting (OGM) of Abdullah Al Othaim Markets Company has approved the transactions and contracts that will be concluded between the company and Al Othaim Holding Company.  Shares owned by Othaim Markets in …
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27 September 02:42 PM Nayifat Finance names Al Baiz as Managing Director, CEO
Riyadh – Mubasher: Nayifat Finance Company has appointed Bandar Mohammed Ahmed Al Baiz as its new Managing Director and CEO, according to a bourse filing on Tuesday. Al Baiz succeeded Abdulmohsen Abdulrahman Musaed Al Sowailem, who submitted his …
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27 September 02:14 PM Bawan appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Bawan Company has named Abdullah Abdulatif Al Fozan as the new Chairman of the board for the next three years, according to a bourse disclosure on Tuesday. The Tadawul-listed firm also appointed Raed Ibrahim Almudaiheem and …
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27 September 01:38 PM Saudi Parts Center obtains SAR 30m loan from SAIB
Riyadh – Mubasher: Saudi Parts Center Company has signed a Sharia-compliant credit facility agreement worth SAR 30 million with Saudi Investment Bank (SAIB). The company obtained the loan on 26 September 2022 to purchase materials and finance its …
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27 September 01:06 PM Alhokair Group inks operation contracts worth SAR 94m
Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) has signed two contracts worth nearly SAR 94 million with a commercial company specialised in the field of entertainment, according to recent bourse …
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26 September 11:31 AM Retal sells 50% equity in land plot for SAR 67.4m
Riyadh – Mubasher: Retal Urban Development Company has sold its 50% stake in land located in Al Khobar city to Maali Holding Company at a value of SAR 67.43 million. Built on an area spanning 44,959 square metres in Aziziya district, the asset’s …
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25 September 06:03 PM Qassim Cement pens MoU to acquire Hail Cement’s shares
Riyadh – Mubasher: Qassim Cement Company signed a non-binding memorandum of understanding (MoU) with Hail Cement Company on 25 September 2022 to acquire the latter’s issued shares. Upon completing the proposed transaction, Qassim Cement will issue …
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25 September 10:06 AM Al Sagr Cooperative submits capital cut request to CMA
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company submitted a 65% capital cut request to the Saudi Capital Market Authority (CMA), according to a bourse filing on Sunday. On 6 September, the insurer’s board recommended reducing the …
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25 September 09:46 AM Arabian Pipes awarded SAR 155m contract from Aramco
Riyadh – Mubasher: Arabian Pipes Company has been awarded on 21 September 2022 a contract worth around SAR 155 million to supply the Saudi Arabian Oil Company (Aramco) with steel pipes.  The financial impact of the 15-month contract will reflect …
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23 September 12:40 AM Saudi Azm awarded project from CIT ministry
Riyadh - Mubasher: Saudi Azm for Communication and Information Technology Company has been awarded a project from the Saudi Ministry of Communications and Information Technology. The value of the project, which was awarded on 20 September 2022, …
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23 September 12:19 AM CMA nods to Raydan Food’s 53% capital cut
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Raydan Food Company to reduce its capital by nearly SAR 179.42 million to SAR 158.08 million from SAR 337.50 million. The new capital will be distributed over 15.80 …
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23 September 12:03 AM Saudi Steel Pipe pens SAR 150m supply deal with Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company has inked a SAR 149.80 million contract with Saudi Arabian Oil Company (Aramco) on 21 September 2022. Upon the 15-month deal, Saudi Steel Pipe will provide Aramco with oil and gas steel pipes, according …
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22 September 09:48 PM Dallah Healthcare announces SAR 90m dividends for H1-22
Riyadh – Mubasher: Dallah Healthcare Company has decided to pay out cash dividends worth SAR 90 million for the first half (H1) of 2022, according to a bourse filing. The Saudi listed firm will disburse a dividend of SAR 1 per share, representing …
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22 September 09:16 PM TAQA secures AED 4bn refinancing for Mirfa IWPP project; Co-led by Saudi SNB
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) obtained AED 4 billion, equivalent to $1.09 billion, as refinancing from Mirfa International Power and Water Company (MIPCO), the owner and operator of the Mirfa Power and Water Plant …
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21 September 06:06 PM CMA approves Saudi Enaya’s capital reduction
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted Saudi Enaya Cooperative Insurance Company’s request to decrease the capital to SAR 100 million from SAR 150 million. The reduced capital will be distributed over 10 million shares, …