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24 July 12:53 PM ProMedEx obtains SAR 25m loan from Al Rajhi Bank
Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) on 23 July 2024 secured a SAR 25 million credit facilities from Al Rajhi Bank to fund existing projects and business expansion. Guarantees offered for the financing include a …
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24 July 12:45 PM Al Jouf Cement inks SAR 104m agreement for NEOM projects
Riyadh – Mubasher: Al Jouf Cement Company signed a SAR 104.19 million contract, on 23 July 2024, to sell cement to Webuild SpA for NEOM projects. The joint deal holds a tenor of 41 months from the date of signing, according to a bourse disclosure. …
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24 July 11:30 AM Aljouf Cement reschedules SAR 154m Islamic facilities with Saudi Awwal Bank
Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Saudi Awwal Bank (SAB) to reschedule SAR 154.45 million Islamic facilities to support its operations. The company signed the agreement on 24 July 2024 for seven years ending in …
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24 July 10:01 AM Aramco awards $3.3bn contracts to Spanish-Chinese JV
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded a joint venture (JV) formed by the Spanish company Técnicas Reunidas and the Chinese Sinopec Engineering Group the development of new natural gas liquids (NGL) fractionation …
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24 July 10:00 AM Sure Global Tech awarded SAR 14m project agreement
Riyadh – Mubasher: Sure Global Tech Company was awarded a project contract worth SAR 13.97 million, according to a bourse disclosure. The company received the awarding notification from the Research Development and Innovation Authority on 23 July …
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24 July 08:50 AM Saudi Arabia to host Middle East LPG Expo 2024
Riyadh – Mubasher: Middle East LPG Expo - Saudi Arabia 2024 is set to take place during 10-11 September 2024, according to a press release. LPG Expo, a leading exhibition and conference organiser in the liquefied petroleum gas (LPG) industry, …
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23 July 05:52 PM Ladun renews SAR 181.5m facilities with Riyad Bank
Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank. The approval was granted on 23 July 2024 for the funding date of 22 July this …
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23 July 05:37 PM Aljouf Cement reschedules facilities with Alinma Bank
Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Alinma Bank to reschedule Islamic facilities to support the cement manufacturer’s operations. The financing amount and rescheduled part financing value totals SAR 374 million, …
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23 July 05:13 PM stc achieves SAR 6.5bn net profits in H1-24, unveils Q2 dividends
Riyadh – Mubasher: Saudi Telecom Company (stc) posted a 7.73% year-on-year (YoY) increase in net profit to SAR 6.59 billion during the first half (H1) of 2024 compared to SAR 6.11 billion. The earnings per share (EPS) went up to SAR 1.32 as of 30 …
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23 July 05:01 PM Bena Steel Industries’ board proposes SAR 0.9/shr dividends for 2023
Riyadh – Mubasher: Bena Steel Industries Company’s board on 22 July 2024 recommended to the general assembly the distribution of SAR 4.50 million in cash dividends for 2023. Around five million shares are eligible for the proposed dividends, whose …
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23 July 04:45 PM Edarat Communication inks 2 agreements for cloud, data centre services
Riyadh – Mubasher: Edarat Communication and Information Technology Company has signed two contracts with BPS ARABIA for Information Technology and Digital Centers for Data and Communication for cloud, data centre design, supervision, consulting …
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23 July 03:21 PM Armah seals agreement worth over SAR 54.5m
Riyadh – Mubasher: Armah Sports Company signed a building lease contract on Mecca Road to develop and operate two new fitness clubs under one of its brands, according to a bourse filing. These clubs will feature enhanced facilities and a wide …
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23 July 10:45 AM First Mills records SAR 123m profits in H1-24; dividends unveiled
Riyadh – Mubasher: First Milling Company (First Mills) witnessed a 13.40% year-on-year (YoY) rise in net profit to SAR 123.22 million during the first half (H1) of 2024, compared to SAR 108.66 million. The revenues stood at SAR 518.79 million in …
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23 July 10:14 AM Mobily’s consolidated profit leaps 35% YoY in H1-24
Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) posted a 35.03% year-on-year (YoY) surge in consolidated net profit to SAR 1.29 billion in the first half (H1) of 2024 from SAR 962 million. Sales grew by 8.07% YoY to SAR 9.01 billion in H1-24 …
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22 July 05:42 PM MIS obtains SAR 340m funding from SAB
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) secured a Sharia-compliant facility worth SAR 340.26 million from Saudi Awwal Bank (SAB) on 17 July 2024 and signed the funding agreement on the 22nd. MIS will use the secured amount …
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22 July 05:23 PM Ladun unveils SAR 628m project with Saudi government
Riyadh – Mubasher: Ladun Investment Company announced the signing of a project deal between its subsidiary Built Industrial Company and the Ministry of Municipalities and Housing on 22 July 2024. Under a total deal value of SAR 628.09 million, …
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22 July 05:04 PM solutions achieves 25% growth in H1-24 net profit
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has registered net profits worth SAR 806 million in the first half (H1) of 2024. The results signalled a 25.34% annual increase from SAR 643 million in H1-23, …
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22 July 03:32 PM Ladun’s subsidiary awarded SAR 120.5m project agreement
Riyadh – Mubasher: Built Industrial Company, a fully-owned subsidiary of Ladun Investment Company was awarded a SAR 120.57 million project contract from the Royal Commission for Jubail and Yanbu (RCJY). The project covers all the necessary work to …
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22 July 02:57 PM Lana Medical to increase capital by granting free shares
Riyadh – Mubasher: The shareholders of Lana Medical Company passed a 50% capital hike to SAR 54 million from SAR 36 million. The Saudi firm will grant one free share for every two owned shares, according to a bourse filing. Following the …
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22 July 12:22 PM Aldrees generates SAR 160m net profits in H1-24
Riyadh – Mubasher: The net profits of Aldrees Petroleum and Transport Services Company grew by 13.49% year-on-year (YoY) to SAR 159.80 million in the first half (H1) of 2024 from SAR 140.80 million. The revenues amounted to SAR 8.95 billion in …
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22 July 09:31 AM Kingdom Holding joins alliance to establish SAR 6.8bn fund
Riyadh – Mubasher: Kingdom Holding Company, Sumou Holding Company, and Jeddah Economic Company signed a deal to develop a new fund worth SAR 6.80 billion. The joint venture (JV) will be established to acquire the Alinma Jeddah Economic Fund, which …
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21 July 02:56 PM Aramco awards project management contract to Dar
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco)awarded an engineering agreement to Dar Al Handasah Consultants, Shair and Partners, a Sidara Company, according to a press release. The deal covers consultancy services, including engineering, …
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21 July 01:02 PM Sipchem records SAR 303m net profits in H1-24
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) reported a 61.31% year-on-year (YoY) plunge in net profit to SAR 303 million in the first half (H1) of 2024 from SAR 783.30 million in the same period a year earlier. Sales …
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21 July 12:45 PM Nadec’s net profit jumps 107% YoY in H1-24
Riyadh – Mubasher: National Agricultural Development Company (Nadec) reported a 107.36% year-on-year (YoY) surge in net profit to SAR 213.21 million in the first half (H1) of 2024 from SAR 102.82 million in the same period a year earlier. Sales …
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21 July 11:19 AM Alandalus Property unveils commercial project worth SAR 831m
Riyadh – Mubasher: Alandalus Property Company began the construction process of a qualitative commercial centre in Makkah with a total estimated cost of SAR 831 million. The board of Masat Property Company decided to appoint Hamat Holding Company …