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1 July 2025 02:04 PM Ericsson launches new regional HQ in Riyadh
Riyadh – Mubasher: Ericsson has inaugurated its new regional headquarters (HQ) in Riyadh, supporting its operations across the Middle East and Africa (MEA) region, according to a press release. The event addressed the evolution of network …
Companies Investments
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1 July 2025 00:11 PM Umm Al Qura signs tripartite deal for SAR 1.4bn real estate fund
Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, plans to launch a real estate private fund with an estimated capital of SAR 1.40 billion. The company penned a tripartite …
Real estate
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1 July 2025 11:28 AM SAB intends to issue SAR-denominated Tier 1 Sukuk
Riyadh - Mubasher: Saudi Awwal Bank (SAB) plans to issue SAR-denominated Tier 1 Sukuk through a private placement in Saudi Arabia, according to a bourse filing. In line with its Additional Tier 1 Sukuk issuance program, the offering aims to …
Banking and Finance
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30 June 2025 04:36 PM Zain KSA, Horizon Food name new CEOs
Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) appointed Saad bin Abdulrahman Al Sadhan as its CEO as of 1 July 2025, according to a bourse filing. The appointment follows a board resolution issued on 29 June, which …
Board of Directors
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30 June 2025 00:27 PM Multiply Group sells PAL Cooling Holding to Tabreed, CVC DIF for AED 3.8bn
Abu Dhabi - Mubasher: Multiply Group entered into an agreement to monetize 100% of its shares in PAL Cooling Holding for a consortium comprising  National Central Cooling Company (Tabreed) and CVC DIF. The transaction, valued at approximately AED …
Mergers and Acquisitions
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29 June 2025 05:03 PM solutions pens over SAR 157.5m deal with stc for IT infrastructure project
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) joined forces to build a private cloud as part of the IT infrastructure modernization and hyperscaler partnership project. The two …
Companies Investments
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29 June 2025 04:54 PM Umm Al Qura sells land plot in Masar project for SAR 256m
Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, has signed a land sale deal worth SAR 255.76 million. The transaction covers a 2,500 square meter plot within the Masar …
Real estate
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29 June 2025 04:46 PM Nayifat Finance unveils SAR 0.33/shr dividends for Q4-24, Q1-25
Riyadh- Mubasher: The board of Nayifat Finance Company approved cash dividends valued at SAR 39.28 million, representing 3.30% of the company’s SAR 1.20 billion capital, for the fourth quarter (Q4) of 2024 and Q1-25. The Saudi-listed firm will …
Board of Directors
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29 June 2025 04:38 PM SAIC unveils 2 key appointments
Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) has appointed Abdullah Mohammed Al Homaidi as the board’s Chairman for the next four years. Mohammed Shbeeb Al Mutlaq was named as the Vice Chairman, according to a bourse disclosure. The …
Management Decisions
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29 June 2025 06:44 AM Air Arabia, Saudia announce new routes in Russia
Mubasher: Air Arabia and Saudia have expanded their operations in Russia to enhance global connectivity, according to press releases. The Emirati low-cost airline inaugurated its new route to Sochi with a frequency six weekly flights, marking the …
Companies Investments
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26 June 2025 01:13 PM EFG Hermes leads Specialized Medical’s debut on Tadawul
Mubasher: EFG Hermes, an EFG Holding Company, closed its advisory on the $500 million initial public offering (IPO) of Specialized Medical Company (SMC), marking its third IPO in the healthcare sector over the past 12 months. The company began …
Trading Activities
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26 June 2025 11:07 AM SISCO Holding’s RSGT to operate 4 multi-purpose terminals in Red Sea
Riyadh - Mubasher: Red Sea Gateway Terminal (RSGT), a subsidiary of Sustained Infrastructure Holding Company (SISCO Holding), signed a 20-year concession agreement for the operation of four existing multi-purpose port facilities on the Red Sea …
Companies Investments
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26 June 2025 10:14 AM Sipchem unveils SAR 362.5m cash dividends for H1-25
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) announced cash dividends worth SAR 362.56 million, equivalent to 5% of its share capital, for the first half (H1) of 2025. Sipchem will pay SAR 0.50 per share for …
Cash Dividends
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26 June 2025 08:59 AM Fakeeh Care secures SAR 938m loan from Alinma Bank for expansion plans
Riyadh-Mubasher: Dr Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) signed a Sharia-compliant credit facility agreement with Alinma Bank at a value of SAR 938 million. The financing deal, finalized on 23 June 2025, aims to support …
Banking and Finance
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25 June 2025 03:56 PM Mashreq Bank inaugurates office in Turkey to expand global presence
Dubai – Mubasher: Mashreq Bank has opened its representative office in Turkey as a part of its commitment to supporting Turkish financial institutions and corporates. The UAE-based lender has an effective role in channeling risk capacity and …
Banking and Finance
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25 June 2025 06:42 AM City Cement appoints new Chairman, Vice Chairman
Riyadh – Mubasher: City Cement Company named Badr bin Omar Al Abdullatif as the board’s Chairman for the next four years. Saleh bin Ibrahim Al Shabnan was announced as the Vice Chairman, according to a bourse disclosure. The two officials were …
Management Decisions
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25 June 2025 06:31 AM Aldar upgraded to ‘A’ rating in MSCI ESG Rating assessment
Abu Dhabi – Mubasher: Aldar Properties entered the top quartile of MSCI ESG Rating, ranking among global real estate companies after securing an upgrade to ‘A’ rating in the latest assessment, according to a press release. The rating aligns with …
Global Economy
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25 June 2025 06:15 AM Lumi opens 1st B2B bus rental branch in Tabuk
Riyadh – Mubasher: Lumi Rental Company has launched its first bus rental branch in the North region, Tabuk, as part of its long-term strategy to reinforce the Kingdom’s mobility sector. The 1,500 sqm first-of-its-kind branch marks a major …
Companies Investments
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25 June 2025 06:12 AM Saudi Cement to distribute 10% of capital as dividends for H1-25
Riyadh – Mubasher: Saudi Cement Company announced cash dividends amounting to SAR 153 million, representing 10% of its share capital, for the first half (H1) of 2025. Under the board’s resolution on 24 June, the Saudi firm will disburse SAR 1 per …
Board of Directors
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24 June 2025 05:28 PM TADCO submits 53% capital reduction request to CMA
Riyadh - Mubasher: Tabuk Agricultural Development Company (TADCO) has submitted an application to the Capital Market Authority (CMA) for approval to reduce its capital by 52.94%. The request, submitted on 23 June 2025, follows the board’s …
Corporate Actions
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24 June 2025 04:32 PM Dar Al Arkan to issue USD fixed-rate senior Sukuk
Riyadh - Mubasher: Dar Al Arkan Real Estate Development Company plans to issue a USD-fixed-rate, Shariah-compliant 'RegS' senior unsecured Sukuk in the global market. The company has mandated a consortium of banks as joint lead managers and …
Sukuk and Islamic Finance
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24 June 2025 04:05 PM Burjeel Holdings supports regional growth via AED 170m acquisition deal
Abu Dhabi - Mubasher: Burjeel Holding has acquired the Medeor 24x7 Hospital building in Dubai for AED 170 million, according to a press release. The acquisition aligns with the group’s long-term strategy to enhance operational control, reduce …
Companies Investments
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24 June 2025 02:58 PM GASCO to pay over SAR 86m dividends for H1-25
Riyadh – Mubasher: The board members of National Gas and Industrialization Company (GASCO) approved cash dividends valued at SAR 86.30 million for the first half (H1) of 2025. GASCO will pay out a dividend of SAR 1.15 per share, representing …
Board of Directors
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24 June 2025 01:27 PM Gas Arabian forms JV with Italy-based BONOMI
Riyadh - Mubasher: Gas Arabian Services Company (GAS) signed a joint venture (JV) agreement with Italy-based BONOMI Company on 21 June 2025. The partnership aims to establish a new limited liability company under the name BONOMI Saudi Arabia …
Companies Investments
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24 June 2025 10:51 AM Specialized Medical Company to start trading on Tadawul this week
Riyadh – Mubasher: Specialized Medical Company (SMC) is set to begin the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) on Wednesday, 26 June 2025. The Saudi firm will float 75 million shares, equivalent to …
Companies Investments