Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) collaborated with Pasqal, a global leader in neutral-atom quantum computing, for the inauguration of the first quantum computer in Saudi Arabia. Aramco and Pasqal also unveiled the first …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that Eid Al Adha holiday will commence on Sunday, 24 May 2026, according to an official statement. Tadawul stated that the last day of trading before the holiday will be Thursday, 21 May …
Riyadh – Mubasher: The International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance held the second High-Level Strategic Dialogue on Capacity Development and agreed to a suite of support to IMF capacity development across the Middle …
Riyadh – Mubasher: Ghaia Investment Holding and next-generation investment management firm Chicago Global are introducing Parallax in Saudi Arabia to help institutions form, review and govern investment decisions. Parallax is developed by Chicago …
Dubai - Mubasher: Al Ramz Corporation Investment and Development delivered solid financial results in the first quarter (Q1) of 2026, reflecting the group’s digital innovation that reinforces its position for sustained growth and long-term value …
Riyadh – Mubasher: Riyad Bank and Mastercard jointly launched an innovative Travel and Expense (T&E) Corporate Card program, marking the Saudi lender’s first corporate card offering in the Kingdom. The launch builds on the two entities’ ongoing …
Mubasher: Majid Al Futtaim has officially launched SHARE in Saudi Arabia, introducing its flagship rewards program to one of the region’s fastest-growing and digitally connected markets, according to a press release. SHARE serves as the group’s …
Riyadh – Mubasher: Sport Clubs Company announced, on 18 May 2026, the official opening of a new fitness facility in Dammam. The new center in An Nada District marks a strategic expansion of the company’s presence in the Eastern Province, operating …
Abu Dhabi – Mubasher: Dana Gas logged net profits totaling AED 270 million ($74 million) in the first quarter (Q1) of 2026, marking a 72% year-on-year (YoY) leap from AED 158 million ($43 million). The gross revenues jumped by 59% YoY to AED 531 …
Riyadh – Mubasher: The individual investor subscription period for Dar Al Balad for Business Solutions Company’s initial public offering (IPO) has been concluded at a final offer price of SAR 9.75 per share. The retail offering saw significant …
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company plans to issue Sharia-compliant, USD-denominated, fixed-rate RegS senior unsecured Sukuk, according to a bourse filing. Dar Al Arkan has mandated Abu Dhabi Commercial Bank (ADCB), Abu …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has officially announced the approval of SAB Invest to act as the first designated market maker under the Exchange Traded Funds (ETF) Market Making Framework, which was launched earlier in 2026. This …
Abu Dhabi - Mubasher: The net income attributable to the shareholders of Abu Dhabi National Energy Company (TAQA) remained stable at AED 2.15 billion in the first quarter (Q1) of 2026. Total revenues hit AED 13.73 billion in Q1-26, compared to AED …
Abu Dhabi – Mubasher: International Holding Company (IHC) has concluded its participation at the Make it in the Emirates (MIITE) Forum 2026, securing partnership agreements totaling AED 40 billion. During the four-day event, the IHC Pavilion drew …
Mubasher: GFH Bank, formerly known as GFH Financial Group, reported net profits valued at $34.34 million in the first quarter (Q1) of 2026, up 11.90% year-on-year (YoY) from $30.69 million. The basic and diluted earnings per share (EPS) reached …
Riyadh - Mubasher: MENA-based digital freight network TruKKer secured an inaugural trade receivables securitization facility of up to $300 million arranged and funded by Abu Dhabi Commercial Bank (ADCB). The transaction, among the GCC’s first …
Dubai – Mubasher: National Central Cooling Company (Tabreed) generated 4% year-on-year (YoY) higher revenues at AED 485.70 million in the first quarter (Q1) of 2026, versus AED 465.55 million. Basic and diluted earnings per share attributable to …
Dubai – Mubasher: The net profits after tax of Deyaar Development jumped to AED 130.15 million in the first quarter (Q1) of 2026, compared to AED 111.52 million in Q1-25. The company posted revenues amounting to AED 447.08 million as of 31 March …
Dubai – Mubasher: Air Arabia registered net profits after tax valued at AED 248.20 million in the first quarter (Q1) of 2026, down 22% year-on-year (YoY) from AED 305.13 million, according to the financial results. The lower profits were driven by …
Riyadh – Mubasher: Saudi fintech Stitch has secured $25 million in Series A funding led by the US-based VC Andreessen Horowitz (a16z), marking its first investment in the GCC region. The transaction brings Stitch’s total funding to $35 million, …
Abu Dhabi – Mubasher: EMSTEEL Building Materials logged 246% year-on-year (YoY) higher net profit after tax at AED 298.72 million in the first quarter (Q1) of 2026, compared to AED 86.28 million. Revenues increased to AED 2.16 billion in Q1-26 …
Mubasher: Orascom Construction, listed on ADX as well, logged a consolidated backlog, excluding BESIX, amounting to $9.37 billion in the first quarter (Q1) of 2026. As of 31 March 2026, the consolidated new awards increased by 14.90% year-on-year …
Dubai – Mubasher: The net profits of Union Properties jumped to AED 11.79 million in the first quarter (Q1) of 2026 from AED 5.81 million in Q1-25. The higher profits strengthened the group’s financial position and its ability to consistently …
Dubai – Mubasher: Talabat Holding generated lower net profits at $86.62 million in the first quarter (Q1) of 2026 when compared to $103.29 million in Q1-25. The revenues climbed by 23% to $1.04 billion in Q1-26 from $833.62 million a year earlier, …
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) generated its best quarterly profits in the first quarter (Q1) of 2026, reaching AED 653.12 million, up 41% from AED 463.50 million in Q1-25, according to the financial results. The revenue …
