Riyadh – Mubasher: Molan Steel Company has entered into a formal financing agreement with its principal shareholder, Dar Al Takamul Holding Company, for an interest-free loan totaling SAR 15 million. The facility is strategically designed to …
Riyadh – Mubasher: Alinma Bank announced the completion of issuing USD-denominated Sustainable Additional Tier 1 Capital Certificates under its Additional Tier 1 Capital Certificate Issuance Program. The Saudi lender raised a total of $500 million …
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance, known as Al Rajhi Takaful, has invited its shareholders to participate in an extraordinary general meeting (EGM) scheduled for 21 June 2026, according to a bourse filing. The primary …
Riyadh – Mubasher: Alinma Bank has announced the successful completion of its SAR-denominated Additional Tier 1 Capital Sukuk issuance, raising a total of SAR 3 billion through a private placement, according to a bourse disclosure. The offering …
Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) has appointed of Khalid Ali A. Ballow as the firm’s Acting CEO to be effective as of 21 May 2026, according to a bourse filing. The appointment was confirmed by the company’s …
Riyadh – Mubasher: Saudi AZM for Communication and Information Technology Company has obtained a Sharia-compliant credit facility from the Saudi Investment Bank (SAIB) at a total value of SAR 75 million, according to a bourse filing. The agreement …
Riyadh – Mubasher: Intelligent Oud for Trading Company (iOud) has announced the successful completion of its Series 1 Sukuk offering. This issuance is the first under the company’s senior, credit-enhanced Sukuk issuance program, which has a total …
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has issued its resolution approving the public offering of Al Rajhi Saudi Health Care Equity Fund, according to an official statement. Al Rajhi Capital, a subsidiary of Al …
Riyadh – Mubasher: Saudi Awwal Bank (SAB) inked a SAR 6.40 billion bilateral financing agreement with Al Bawani, in which the Public Investment Fund (PIF) holds a stake, according to a press release. The facility deal reflects the bank’s vital …
Riyadh – Mubasher: Kingdom Holding Company and Red Sea Global Company (RSG) developed Four Seasons Resort and Residences at Shura Island, which welcomed its first guests on 20 May. This milestone aligns with the listed group’s strategy to develop …
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company has closed its 15th issuance of sukuk, the eleventh tranche Sukuk issuance under its USD-denominated Islamic Sukuk program with a size of SAR 2.25 billion ($600 million). The order …
Riyadh - Mubasher: The ordinary general meeting (OGM) of Banque Saudi Fransi approved the payment of SAR 1.29 billion in cash dividends for the second half (H2) of 2025. The distribution will begin on Thursday, 11 June 2026, according to a bourse …
Riyadh – Mubasher: Alinma Bank commenced issuing its USD-denominated Additional Tier 1 (AT-1) capital sukuk through a special purpose vehicle (SPV) on 20 May 2026, according to a bourse statement. The minimum subscription stood at $200,000 and in …
Riyadh – Mubasher: The Securities Depository Center Company, commonly referred to as Edaa, has confirmed the successful deposit of securities for the Intelligent Oud (iOud) Credit Enhanced Sukuk into the accounts of eligible holders. This …
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia announced that Sukuk Capital Company has completed the commencements of business requirements to conduct custody activities in the securities business. The suthorization was …
Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) has appointed Mohammed Abdullah Alghamdi as its Acting Chief Executive Officer (CEO), according to a bourse filing. In accordance with the regulatory framework governing the …
Riyadh – Mubasher: Saudi Arabia and the UAE cut their US Treasury holdings in March by nearly $17 billion as the Iran conflict hit crude exports, their key source of dollar income. The kingdom reduced its US Treasury holdings by $10.80 billion to …
Riyadh - Mubasher: Saudi fintech Arib has raised $23.50 million in a funding round led by Merak Capital to strengthen its technology infrastructure, expand operations, and launch additional financing products. The round included Sharia-compliant …
Riyadh – Mubasher: The board members of Ladun Investment Company have agreed to sign a Sharia-compliant credit facilities agreement with Saudi Awwal Bank (SAB) for a total amount of SAR 154.76 million, according to a bourse filing. Ladun …
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has initiated a public consultation process aimed at a comprehensive development of securities business activities within Saudi Arabia, according to an official statement. The proposed …
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has nodded for Al Rajhi Capital, a subsidiary of Al Rajhi Bank, to proceed with the public offering of the Al Rajhi GCC Equity Fund (Excluding KSA), according to an official …
Riyadh – Mubasher: Alinma Bank plans to issue USD-denominated Additional Tier 1 (AT-1) capital sukuk under the Additional Tier 1 Capital Certificate Issuance program. The issuance is expected to be carried out through a special purpose vehicle …
Riyadh – Mubasher: SAB Invest, the investment arm of Saudi Awwal Bank (SAB), was announced as the first ETF market maker in the Kingdom, marking a new milestone in the Saudi capital market, according to a press release. The CEO of SAB Invest, Ali …
Riyadh – Mubasher: The Saudi Export-Import Bank (Saudi EXIM Bank) recorded an annual growth of 20.80% in its credit facilities during the first quarter (Q1) of 2026, reaching SAR 13.23 billion, compared to SAR 10.95 billion. This increase reflects …
Riyadh – Mubasher: The Saudi listed companies recorded a 21.9% annual growth in earnings during the first quarter (Q1) of 2026 when compared to Q1-25, on the back of higher net profit in the energy sector. Earnings of the entities listed on the …
