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News

7 July 05:36 PM Ladun’s subsidiary pens SAR 90.5m deal for Abha Walk project

Riyadh – Mubasher: Built Industrial Company, a unit of Ladun Investment Company, inked a SAR 90.46 million contract with Arab Markets Company to develop the Abha Walk project. The mixed-use building project is located on King Fahd Road in the city …

Companies Investments

2 July 01:11 PM Arabian Drilling unveils 4-rig contract extensions with Aramco for SAR 1.3bn

Riyadh – Mubasher: Arabian Drilling secured contract extensions for four of its rigs with Saudi Aramco, with a combined backlog value of SAR 1.37 billion and durations ranging between one to 10 years. This milestone boosts the company's current …

Companies Investments

1 July 05:15 PM Jamjoom Pharma appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has named Mahmoud Yousuf Jamjoom as the board’s Chairman for the next three years. The board also announced Ahmed Yousuf Jamjoom as the Vice Chairman, according to a …

Management Decisions

30 June 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 …

Corporate Actions

24 June 09:40 AM Asas Makeen, Kuwait’s Securities House to boost Saudi Arabia’s real estate sector

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company signed a memorandum of understanding (MoU) with The Securities House, a Kuwaiti public joint stock company listed on Boursa Kuwait. The MoU, signed on 22 June 2025, …

Real estate

22 June 04:33 PM Al Hammadi Holding, Cenomi Centers unveil new board leadership

Riyadh - Mubasher: Al Hammadi Holding and Arabian Centres Company (Cenomi Centers) have appointed new board leadership, according to two separate disclosures. Al Hammadi Holding named Abdulaziz bin Mohammed Al Hammadi as the Chairman and Mohammed …

Corporate Actions

22 June 12:49 PM First Milling inks SAR 69.5m financing deal with SIDF

Riyadh - Mubasher: First Mills Company has signed a SAR 69.40 million financing facility agreement with the Saudi Industrial Development Fund (SIDF), according to a bourse filing. The funding aims to support the company's capital expenditure for …

Banking and Finance

19 June 01:03 PM Seera’s board proposes capital cut to SAR 2.7bn

Riyadh - Mubasher: The board of directors of Seera Group Holding has recommended an 8.65% capital cut to SAR 2.74 billion from SAR 3 billion, according to a bourse disclosure. The capital reduction will be executed through the cancellation of …

Corporate Actions

18 June 05:43 PM Quara Finance obtains SAR 100m Sharia-compliant facility from SHL Finance

Riyah - Mubasher: Quara Finance Company has signed Sharia-compliant credit facilities with SHL Finance Company, valued at SAR 100 million, according to a bourse filing. The three-year facility, secured on 17 June 2025, is aimed at supporting the …

Companies Investments

16 June 01:43 PM ProMedEx inks joint deal with Zhende Medical to expand in GCC

Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) signed a non-binding memorandum of understanding (MoU) with Zhende Medical Company Limited and MedSurg FZ-LLC to establish a joint factory in Saudi Arabia. The joint venture (JV) …

Global Economy

15 June 03:37 PM East Pipes Integrated’s CEO Al Shaheen resigns

Riyadh – Mubasher: Mohammed bin Abdulaziz Al Shaheen resigned from his position as the CEO of East Pipes Integrated Company for Industry due to personal reasons. The board members accepted Al Shaheen’s resignation on 12 June, yet it will become …

Board of Directors

11 June 02:21 PM Knowledge Net’s board recommends 50% capital raise

Riyadh – Mubasher: Knowledge Net Company announced the board’s recommendation for a 50% capital hike to SAR 52.50 million from SAR 35 million. The Saudi firm will grant one bonus share for each two owned shares, according to a bourse disclosure. …

Companies Investments

11 June 01:12 PM Cenomi Centers unveils EGP 100m sale deal

Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) sold a land plot in Al Kharj located on Riyadh-Al Kharj Road, with a total area of 425,390 square meters, for SAR 100 million. The sale deal aligns with the company’s program to sell an …

Companies Investments

4 June 04:42 PM Sumou Real Estate pens SAR 562.5m deal for Sedco Capital’s project

Riyadh – Mubasher: Sumou Real Estate Company inked a SAR 562.47 million contract with Sedco Capital Sumou Al Muqarr Fund, represented by Jawharat Al Ghura Real Estate Development Company The company will implement the infrastructure and …

Companies Investments

4 June 02:51 PM Tassnief assigns ‘A-‘ national scale entity ratings to Cenomi Centers

Riyadh - Mubasher: SIMAH Rating Agency (Tassnief) has assigned a long-term national scale entity rating of (A-) and a short-term entity rating of ‘T-3’ to Arabian Centres Company (Cenomi Centers). The assigned ratings reflect low credit risk, …

Ratings

28 May 12:53 PM Bahri, Saudi Lime obtain regulatory nod for capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) passed the capital hike requests of National Shipping Company of Saudi Arabia (Bahri) and Saudi Lime Industries Company on 27 May, according to bourse statements. Bahri will increase its …

Management Decisions

28 May 08:10 AM GFH, Kuwait-based real estate firm Al Tijaria to foster GCC logistics sector

Mubasher: GFH Capital, a Saudi subsidiary of GFH Financial Group, partnered with Kuwait-based real estate firm The Commercial Real Estate Company (Al Tijaria) to expand business in the warehousing and logistics sector across Saudi Arabia and the …

Companies Investments

25 May 11:57 AM Sumou Real Estate, NHC ink SAR 680m development agreement

Riyadh – Mubasher: Sumou Real Estate Company penned a development agreement with National Housing Company (NHC) for areem Makkah project, with an estimated value of SAR 680 million. The two companies will team up to build residential units on an …

Real estate

21 May 07:07 PM Waja’s net profits shrink 76% in Q1-25

Riyadh - Mubasher: Waja Company logged net profits worth SAR 1.13 million in the first quarter (Q1) of 2025, marking a 76.13% plunge from SAR 4.74 million in Q1-24. The revenues dropped by 27.34% year-on-year (YoY) to SAR 25.20 million in Q1-25 …

Financial Results

20 May 08:42 AM Alujain Corporation unveils SAR 52m dividends for Q1-25

Riyadh – Mubasher: The board members of Alujain Corporation approved interim cash dividends to its shareholders valued at SAR 51.90 million for the first quarter (Q1) of 2025. The company will pay out a dividend of SAR 0.75 per share for 69.20 …

Board of Directors

14 May 06:58 PM GFH’s net profits to owners hit $30m in Q1-25

Mubasher: GFH Financial Group logged net profits attributable to the owners valued at $30.14 million in Q1-25, compared to $27.13 million a year earlier. Total income jumped by 4.89% to $170.94 million as of 31 March 2025 from $162.97 million in …

Financial Results

13 May 01:41 PM Cenomi Centers posts 20% higher profits in Q1-25

Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) logged net profit valued at SAR 222.70 million in the first quarter (Q1) of 2025, an annual surge of 19.98% from SAR 185.60 million. The revenues edged up by 0.81% year-on-year (YoY) to …

Financial Results

12 May 09:41 AM Seera’s profits fall 13% in Q1-25; revenues hit SAR 1.1bn

Riyadh – Mubasher: Seera Group Holding logged net profits worth SAR 53 million in the first quarter (Q1) of 2025, marking a 13.11% year-on-year (YoY) drop from SAR 61 million. Revenues grew by 2.41% YoY to SAR 1.10 billion in Q1-25 from SAR 1.07 …

Financial Results

8 May 06:27 AM Marafiq’s net profits leap 72.5% in Q1-25

Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) recorded net profits of SAR 117.94 million in the first quarter (Q1) of 2025, an annual hike of 72.57% from SAR 68.34 million. Revenues increased by 6.54% …

Financial Results

7 May 04:28 PM Riyadh Cables sees over 51.5% higher net profits in Q1-25

Riyadh – Mubasher: Riyadh Cables Group Company generated net profits valued at SAR 256.23 million in the first quarter (Q1) of 2025, marking a 51.62% surge from SAR 168.99 million in Q1-24. Revenues hit SAR 2.48 billion as of 31 March 2025, up …

Financial Results