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10 June 06:03 PM

Sector News

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9 June 04:35 PM ADES Holding’s board recommends 100% capital hike
Riyadh - Mubasher: The board of ADES Holding Company proposed increasing the company’s capital by 100% through the issuance of bonus shares, according to a bourse filing. The new capital will stand at SAR 2.25 billion distributed over 2.25 billion …
Company News
Photo Archive
7 June 04:48 PM Arabian Drilling’s OGM greenlights SAR 589.5m executed contracts with Schlumberger Middle East
Riyadh – Mubasher: The ordinary general meeting (OGM) of Arabian Drilling approved business and contracts executed with Schlumberger Middle East S.A. at a total value of SAR 589.55 million. These transactions consisted of a land drilling rig …
General Assembly
Photo Archive
3 June 05:18 PM GAS, Saudi Aramco pen 12-year agreement
Riyadh – Mubasher: Gas Arabian Services Company (GAS) and Saudi Arabian Oil Company (Saudi Aramco) inked a long-term agreement to provide in-plant services across various technical disciplines, including mechanical, piping, electrical, …
Companies Investments
Photo Archive
1 June 04:24 PM Arabian Drilling invites shareholders for upcoming general assembly meeting
Riyadh – Mubasher: Arabian Drilling is inviting its shareholders to attend the online ordinary general assembly meeting (OGM), scheduled for 6:30 pm on Thursday, 4 June 2026, using Tadawulaty website. The electronic voting on the agenda items of …
Company News
Aramco
1 June 02:33 PM Emerson, Aramco to develop advanced corrosion management solutions
Riyadh – Mubasher: Global automation leader Emerson plans to co-develop next-generation corrosion management solutions for Saudi Arabian Oil Company (Aramco), according to a press release. Corrosion management remains a key strategic focus for …
Companies Investments
Photo Archive
1 June 09:59 AM Saudi Steel Pipe awarded SAR 65m supply deal with Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company was awarded a SAR 65 million contract from Saudi Arabian Oil Company (Aramco), according to a bourse disclosure. The company signed the deal on 31 May 2026 to supply oil and gas steel pipes to Saudi …
Company News
Saudi Arabian Refineries Company (SARCO)
31 May 07:41 PM SARCO’s subsidiary enters into MoU for potential equity acquisition
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has announced that its subsidiary, Refineries Venture Company (Masafi Ventures) has signed a non-binding memorandum of understanding (MoU) with Khadra Al Hijaz Environmental Services …
Corporate Actions
Saudi Aramco Base Oil Company (Luberef)
31 May 06:58 PM Luberef announces top leadership changes
Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) has announced the resignation of Ibrahim Q. Al Buainain from his position as the Chairman of the Board, upon a request submitted on 21 May 2026. Al Buainain served as a non-executive …
Management Decisions
Photo Archive
31 May 01:24 PM Arabian Pipes reveals new supply agreement with Aramco
Riyadh – Mubasher: Arabian Pipes Company has signed several contracts with the state energy giant Saudi Arabian Oil Company (Aramco) at an estimated total value of SAR 62 million, according to a bourse disclosure. The joint contracts agreement …
Companies Investments
Photo Archive
31 May 09:57 AM ADES Holding’s recommendation unchanged with revised TP – Aljazira Capital
Riyadh – Mubasher: The ‘Overweight’ recommendation on ADES Holding Company has recently been maintained by Aljazira Capital with a revised TP of SAR 22.7 per share. The adjusted TP was increased from SAR 18.9 per share, according to Aljazira …
Company News
Photo Archive
25 May 04:56 PM SARCO partners with China-based Ally Hydrogen Energy
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has signed a non-binding memorandum of understanding (MoU) with Ally Hydrogen Energy Company from China to develop a comprehensive green ammonia and hydrogen infrastructure project in …
Company News
Saudi Arabian Oil Company (Aramco)
25 May 04:16 PM Aramco transfers full ownership in PRefChem to Petronas
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Petroliam Nasional Berhad (Petronas) have signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. …
Companies Investments
Photo Archive
21 May 07:52 PM Arabian Pipes enters into supply agreement with Aramco
Riyadh – Mubasher: Arabian Pipes Company has announced the formal signing of a contract with the state energy producer Saudi Arabian Oil Company (Aramco) at a value of approximately SAR 48 million, according to a bourse disclosure.  The contract …
Company News
Photo Archive
18 May 07:12 PM Saudi listed companies’ earnings in Q1-26 surge to SAR 166.5bn – Report
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 …
Financial Results
Aramco, Pasqal launch Middle East’s 1st commercial QCaaS platform
18 May 05:41 PM Aramco partners with Pasqal to launch Middle East’s 1st commercial QCaaS platform
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 …
Companies Investments
Photo Archive
18 May 11:39 AM ADES Holding rolls out SAR 181m contract for jack-up in Nigeria
Riyadh - Mubasher: ADES Holding Company has secured a new contract for its Main Pass IV standard jack-up rig in Nigeria, estimated at SAR 180.70 million ($48.20 million). The contract has a one-year firm term, with an additional one-year unpriced …
Companies Investments
Photo Archive
17 May 02:08 PM Saudi ADES Holding extends Shelf Drilling contract for over SAR 832m
Riyadh - Mubasher: ADES Holding Company has extended its contract for the Shelf Drilling Winner with Tenaz Energy Netherlands B.V. for operations in the Dutch sector of the North Sea, according to a press release. The deal, which commenced in …
Companies Investments
ADES Holding
13 May 05:34 AM ADES Holding delivers strong performance during Q1-26 despite operational suspensions in GCC
Riyadh - Mubasher: ADES Holding Company registered net profits attributable to the shareholders totaling SAR 236.44 million in the first quarter (Q1) of 2026, an annual rise of 21.78% from SAR 194.15 million. The revenues climbed by 62.61% to SAR …
Global Economy
Arabian Drilling
12 May 05:51 PM Arabian Drilling’s backlog hits SAR 12.5bn in Q1-26; profits shrink 90.5%
Riyadh – Mubasher: The net profits attributable to the shareholders of Arabian Drilling fell by 90.55% to SAR 7.10 million in the first quarter (Q1) of 2026 from SAR 75.20 million in Q1-25. The revenues amounted to SAR 821.60 million in Q1-26, …
Company News
Aramco
10 May 08:20 AM Aramco enters 2026 with exceptional operational performance; dividends announced
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) recorded SAR 120.13 billion in net profit attributable to the shareholders during the first quarter (Q1) of 2026, an annual leap of 25.55% from SAR 95.68 billion. The oil giant achieved …
Company News
National Shipping Company of Saudi Arabia (Bahri)
30 April 05:39 PM Bahri generates nearly SAR 5bn revenue in Q1-26, remains resilient amidst Middle East conflict
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) witnessed a leap of 303.36% in net profit to the owners at SAR 2.14 billion during the first quarter (Q1) of 2026 when compared to SAR 532.82 million in Q1-25. The earnings …
Global Economy
Photo Archive
29 April 07:31 PM Saudi Arabia records $11bn project awards in Q1-26, seen largest project market in MENA – Kamco Invest
Riyadh – Mubasher: The total value of contracts awarded in Saudi Arabia during the first quarter (Q1) of 2026 amounted to $11 billion, representing a substantial decline when compared to $22.5 billion awarded in Q1-25, according to Kamco Invest’s …
Companies Investments
Photo Archive
27 April 11:32 AM Petro Rabigh’s accumulated losses hit SAR 2.4bn at end-March 2026
Riyadh - Mubasher: The accumulated losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) reached SAR 2.46 billion, accounting for 14.77% of its SAR 16.70 billion capital, as of 31 March 2026. This brings the company’s accumulated …
Company News
Rabigh Refining and Petrochemical Company (Petro Rabigh)
26 April 12:32 PM Petro Rabigh turns profitable at SAR 1.4bn amid 32% higher revenue in Q1-26
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) has registered net profits to the owners worth SAR 1.46 billion in the first quarter (Q1) of 2026, shifting from net losses of SAR 691 million in Q1-25. The earnings per …
Company News
Photo Archive
23 April 06:18 AM ADES Holding secures SAR 345m project award in Thailand
Riyadh - Mubasher: ADES Holding Company was awarded a SAR 345 million ($92 million) contract from Valeura Energy, a subsidiary of Valeura Energy Inc., to provide offshore drilling services in Thailand. The agreement comprises a three-year tenor, …
Companies Investments