Stocks News

The capacity of the designed grinder amounts to 150 tonnes per hour
22 June 12:48 PM Eastern Cement starts experimental operation of new grinder
Riyadh – Mubasher: Eastern Province Cement has commenced the experimental operation of its new cement grinder project on Wednesday. The capacity of the designed grinder amounts to 150 tonnes per hour and will help expanding and growing the …
The board has hired Abdalla Juma Al Sari as the deputy chairman
22 June 12:41 PM Al Sagr appoints new board chairman, deputy
Riyadh – Mubasher: Al Sagr Cooperative Insurance’s board has appointed Bassam Ahmed Nasser Al Benali as the board chairman on Wednesday. The board has also hired Abdalla Juma Al Sari as the deputy chairman, according to a bourse filing. The …
The board appointed Adel Adulmohsen Al Mandel to replace Rehaimi
22 June 12:35 PM Knowledge City hires new board chairman
Riyadh – Mubasher: Knowledge Economic City’s board approved the resignation of the board chairman Abdullah Mohammed Nour Rehaimi. The company highlighted that Rehaimi resigned for personal reasons, according to a bourse filing on Thursday. The …
Al-Gwaiz was appointed as a board member in January 2014
22 June 12:26 PM Ma’aden appoints new board vice chairman
Riyadh – Mubasher: Saudi Arabian Mining’s (Ma’aden) board appointed Sulaiman bin Abdulrahman Al-Gwaiz as the vice chairman of the board. The decision was effective as of June 21 until the end of the current board's session that ends on 24 October …
Wafrah’s stock ended Wednesday up 1.67% to SAR 28.54
21 June 04:44 PM Wafra extends MoU with SIEC for 3M
Riyadh – Mubasher: Wafrah for Industry announced the extension of its memorandum of understanding (MoU) with the Saudi Industrial Export Company (SIEC). The agreement will be extended for three months as of 25 June upon the agreement of both …
The date of distribution will be on 17 August
21 June 03:59 PM SABIC proposes SAR 6bn dividends for H1
Riyadh – Mubasher: Saudi Basic Industries Corp’s (SABIC) board recommended the distribution of cash dividends for the first half of 2017. The company would distribute 20% of the nominal value at SAR 2 per share, totaling SAR 6 billion, according …
The IPO of Al-Kathiri had been oversubscribed by 251%
21 June 02:01 PM Edaa adds subscribed shares of Al Kathiri Wednesday
Riyadh – Mubasher: The Securities Depository Center Company (Edaa) has added the subscribed shares of Al Kathiri Holding Co on Wednesday to the investors’ accounts pursuant to the allocated securities of each subscriber. Falcom Financial Services …
The purpose of the deal is to begin financial, legal, and actuarial due diligence
21 June 01:50 PM Gulf Union, Al Ahlia ink MoU on potential merger
Riyadh – Mubasher: Gulf Union Cooperative Insurance signed a non-binding memorandum of understanding (MoU) with Al Ahlia for Cooperative Insurance on Tuesday. The purpose of the deal is to begin financial, legal, and actuarial due diligence and …
The bank will distribute 3.5% of the nominal value at SAR 0.35 per share
21 June 11:52 AM Riyad Bank to pay SAR 1bn H1-17 dividends 16 July
Riyadh – Mubasher: The board of Riyad Bank decided to distribute cash dividends at 3.5% of the nominal value, or SAR 0.35 per share, for the first half of 2017. Dividends total SAR 1.05 billion, according to a bourse filing on Wednesday. …
The stock fell 5.1% to SAR 22.72
20 June 02:48 PM Samba stock leads decliners on Tadawul Tuesday
Riyadh – Mubasher: Samba Financial Group saw a negative performance on Tuesday, as it declined at its fastest pace in eight months. The stock fell 5.1% to SAR 22.72 by 02:46 pm KSA time, leading losers on the Saudi Stock Exchange (Tadawul) . The …
The company is set to establish a new factory
19 June 05:30 PM Yamama Cement agrees raising credit facility limit
Riyadh - Mubasher: Yamama Cement announced on Monday that it has agreed with National Commercial Bank (NCB) and Samba Financial Group raising the sharia-compliant credit facility limit from SAR 1 billion to SAR 3.6 billion. The company said in a …
The bank achieved SAR 23.48 million in liquidity
19 June 01:48 PM BSF tops Tadawul hikes Monday
Riyadh – Mubasher: Banque Saudi Fransi (BSF) topped the Saudi Stock Exchange’s (Tadawul) hikes on Monday to achieve its highest gains in six years. By 01:44 pm KSA time, the bank surged 9% to SAR 29.90. The bank achieved SAR 23.48 million in …
The stock traded between SAR 62.20 and SAR 64.80
19 June 01:41 PM One private transaction on Tadawul totals SAR 732m
Riyadh – Mubasher: One transaction privately executed on the Saudi Stock Exchange (Tadawul) on Al Rajhi Bank’s shares on Monday totalled SAR 732 million. The transaction saw the trading of 12 million of the bank’s shares at SAR 61 per share. …
The stock rose 5.2% to SAR 21.10 by 12:24 pm KSA time
19 June 12:28 PM Arab National Bank hits 5M high on Monday
Riyadh – Mubasher: The Arab National Bank saw a positive performance on Monday to reach its highest level in five months. The stock rose 5.2% to SAR 21.10 by 12:24 pm KSA time. The company achieved SAR 16.57 million in liquidity by exchanging …
The capital cut will be applied on the accounts as of 19 June
19 June 11:54 AM Edaa applies Wafa Insurance capital cut Monday
Riyadh – Mubasher: The Securities Depository Center (Edaa) announced applying the capital decrease for the Saudi Indian Company for Cooperative Insurance (Wafa Insurance) on the accounts of the eligible shareholders. The capital cut will be …
Taiba owns 86.87% of ARAC’s capital and 89.89% in Al Aqeeq
19 June 11:47 AM Taiba to buy ARAC’s stake in Al Aqeeq
Riyadh – Mubasher: The general assembly of the Arab Resort Areas Company (ARAC) approved on Sunday selling its shares in Al Aqeeq Real Estate Development to Taiba Holding. The Saudi-listed company noted that it will hold its general assembly later …
Saudi Cable to delay financial results disclosure
18 June 04:40 PM Saudi Cable to delay financial results disclosure
Riyadh – Mubasher: Saudi Cable on Sunday announced that it will postpone the announcement of the financial statements of the fourth quarter of 2016 and the first quarter of 2017, as well as the annual results, since the financial consultant report …
The Saudi-listed firm will start the distributions on 16 July
18 June 04:37 PM Arab National Bank to distribute SAR 550m for H1
Riyadh – Mubasher: The board of the Arab National Bank approved dividend payout of 5.5% for the first half of 2017. The company will distribute SAR 550 million at SAR 0.55 per share, according to a bourse filing on Sunday. The Saudi-listed firm …
The stock rose 1.8% to SAR 24.49 by 11:45 pm KSA time
18 June 11:57 AM SABB hits 6M high on Sunday
Riyadh – Mubasher: The Saudi British Bank (SABB) saw a positive performance on Sunday to reach its highest level in six months. The stock rose 1.8% to SAR 24.49 by 11:45 pm KSA time. The company achieved SAR 1.07 million in liquidity by exchanging …
Any related developments will be announced in due time
18 June 11:49 AM Case against Al Baha adjourned to 17 July
Riyadh – Mubasher: Al Baha Investment and Development announced that its hearing in the case against it was adjourned to 17 July. The company noted that any related developments will be announced in due time, according to a bourse filing on …
The new chairman has a wide experience in the commercial and industrial investment
18 June 11:05 AM Alujain appoints new board chairman
Riyadh – Mubasher: The elected board of Alujain Corporation has approved on Thursday appointing Muhammad Saleh Hassan Alkhalil as the chairman of the board. The new chairman has a wide experience in commercial and industrial investment and had …
The company expects the conversion process to be completed in the third quarter of 2017
18 June 10:23 AM Jabal Omar starts talks on SAR 3bn Murabaha conversion
Riyadh – Mubasher: Jabal Omar said Sunday that it has started negotiations with the Saudi ministry of finance to convert a SAR 3 billion commercial loan into Sharia-compliant Murabaha facility. The company expects the conversion process to be …
Located near the Grand Mosque, the project is named Jabal Omar Address Makkah
18 June 09:26 AM UAE’s Emaar confirms Saudi hospitality project
Dubai – Mubasher: Emaar Properties on Sunday confirmed news published in the media that its subsidiary Emaar Hospitality will manage its first hotel in Saudi Arabia. “We would like to confirm that the information in the media is correct [and] to …
Careem is operational in more than 50 cities in Saudi Arabia
16 June 12:43 PM Abraaj Group exits entire stake in Careem
Dubai – Mubasher: The Abraaj Group has sold its stake in ride-hailing service Careem to Saudi Arabia's Kingdom Holding Co., according to a statement. Kingdom Holding acquired a 7% stake in Careem through a secondary share purchase as well as …
CI ascribed its valuation to SABB’s strong liquidity ratios
15 June 06:40 PM CI confirms stable outlook for SABB
Riyadh - Mubasher: Capital Intelligence (CI) confirmed its Saudi British Bank’s (SABB) long-and-short-term foreign currency rating, and maintained a ‘stable’ outlook. The ratings agency said in a report that it had maintained its rating of the …