Riyadh - Mubasher: Al Majed for Oud Company signed a non-binding agreement, on 13 June, to fully acquire Al Safa Pharmaceuticals and Medical Supplies, according to a statement. The deal also involves related parties, including Othman Abdullah …
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has entered into a binding agreement to raise its stake in Arabian Medical Products Manufacturing Company (ENAYAH). SPIMACO intends to buy an …
Riyadh – Mubasher: SpaceX completed its initial public offering (IPO) on Nasdaq at an offering price of $135 per share and closed its first day of trading at $160.95, according to a bourse statement issued by Kingdom Holding Company. The Saudi …
Riyadh - Mubasher: SAL Saudi Logistics Services Company has established SAL International Ground Handling B.V., a wholly owned subsidiary incorporated in Amsterdam, Netherlands. The unit will mainly serve as an international holding entity, …
Riyadh - Mubasher: Saudia has teamed up with IMG to introduce live streaming of the FIFA World Cup 26 in flight via Sport 24, IMG’s live sport channels for the airline and cruise industries. The launch makes the national carrier the first Saudi …
Riyadh - Mubasher: GCC-based Aster DM Healthcare has launched a business in Saudi Arabia’s Eastern Province after acquiring a majority stake in ProCare Hospital through a joint venture (JV) with Abdulrahman Saleh Al Rajhi and Partners Co. Group. …
Riyadh - Mubasher: Saudi Arabia and Yemen inked a $150 million agreement to supply petroleum derivatives for power plants across various Yemeni governorates. The deal comes within the framework of the Saudi Development and Reconstruction Program …
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) and Talaat Moustafa Group Saudi for Real Estate Development (TMG), the Saudi branch of leading Egyptian real estate developer TMG, have entered into a Memorandum of Understanding (MoU) …
Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has explored the possibility of becoming a cornerstone investor in SpaceX’s initial public offering (IPO) on the Nasdaq stock exchange, according to a press release. With a reported …
Riyadh - Mubasher: OPEC+ has agreed a fourth raise in its combined crude oil production targets by 188,000 barrels per day (bpd) in July 2026, according to Reuters. The US-Iran conflict has cut oil flows via the Strait of Hormuz, disabling key …
Riyadh - Mubasher: Saudia, the national flag carrier of Saudi Arabia, ranked first among airlines worldwide for on-time performance in May 2026, recording a 92.30% on-time departure rate and a 90.12% on-time arrival rate during the month, as per …
Riyadh - Mubasher: Standard Chartered has received approval from the Capital Market Authority (CMA) for its subsidiary, Standard Chartered Capital Saudi Arabia, to conduct investment management and fund operations activities in the Kingdom, …
Riyadh – Mubasher: Riyadh Air has launched five new destinations that include Cairo, Dubai, Jeddah, Madrid, and Manchester, reinforcing air connectivity between Riyadh and several of the world’s prominent economic, tourism, and cultural hubs. The …
Riyadh - Mubasher: Saudi Arabia’s investments in strategic infrastructure have helped safeguard global energy security and strengthen the Kingdom’s position as a reliable economic partner, Assistant Minister of Investment Ibrahim Al Mubarak said. …
UAE – Mubasher: Lunate, an Abu Dhabi-based global investment firm, has launched the GCCDIV ETF to serve as the first-of-kind Sharia-compliant exchange traded fund (ETF) in the Gulf region, according to a press release. GCCDIV ETF is scheduled to …
Riyadh - Mubasher: Saudia received its first Airbus A321XLR, becoming the first airline in the Middle East and Africa (MEA) region to operate the extra-long-range narrow-body aircraft. The delivery marks a key milestone in the airline’ fleet …
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) has introduced a new “SRS” shipping service by Emirates Shipping Line to Jeddah Islamic Port, according to the Saudi Press Agency (SPA). The addition is expected to strengthen the Kingdom’s …
Riyadh – Mubasher: Nahdi Medical Company entered into a partnership with Checkout.com to integrate its payment acquiring and processing technology into the company’s online platforms, according to a press release. The collaboration aims at …
Riyadh – Mubasher: Saudia, the Kingdom’s national flag carrier, entered into a special prorate agreement (SPA) with Myanmar Airways International to expand travel options, according to a press release. The deal enables guests to book travel on a …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has announced the publication of draft amendments to its Exchange Rules for public consultation, focusing on the development of the Sukuk and debt markets in the Kingdom. The proposed changes aim to …
Riyadh - Mubasher: Saudi Arabia’s mergers and acquisitions (M&A) market continues to show resilience despite ongoing geopolitical uncertainty across the region, according to Ansarada’s latest Middle East M&A analysis report. In the first quarter …
Riyadh – Mubasher: The Saudi market has been defined by strategic recalibration, steady structural demand drivers, and continued investor confidence during the first quarter (Q1) of 2026 despite a more complex regional economic backdrop, according …
Riyadh - Mubasher: The Ministry of Human Resources and Social Development (HRSD) has announced the implementation of a decision to increase the Saudization rate to 70% in procurement-related professions in the private sector, effective 31 May …
Riyadh – Mubasher: Alkhabeer Capital, a Saudi-based asset manager and investment firm, has been recognized by Great Place to Work Middle East as the Best Workplace in Saudi Arabia’s financial sector for the 14th consecutive year, according to a …
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved the public offering of the Al Rajhi GCC Equity Income Fund, which will be managed and offered by Al Rajhi Capital, a subsidiary of Al Rajhi Bank. The approval allows the fund to be …
