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25 December 09:06 AM

Sector News

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17 December 11:55 AM Saudi Elm ups stake in Sahl Almadar Trading
Riyadh - Mubasher: Elm Company has signed an agreement to increase its stake in Sahl Almadar Trading Company, the owner of the Madar Digital Platform, according to a press release. The agreement highlights Elm’s commitment to bolstering the …
Mergers and Acquisitions
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11 December 03:43 PM 2P Perfect Presentation, Purity Tech secure financing from GIB
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) renewed a Shariah-compliant bank facility agreement valued at SAR 135 million with Gulf International Bank (GIB). The loan will be utilized for new …
Banking and Finance
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7 December 02:44 PM 2P Perfect Presentation acquires SAR 83m asset in Riyadh to support expansion
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has purchased a 3,005.14-square-meter (m²) commercial property in Riyadh for SAR 83 million to endorse the firm's growing business. The deal, signed …
Companies Investments
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19 November 03:44 PM solutions pens SAR 262m hosting services deal with Center3
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 261.86 million contract with Digital Data Centers for Data and Telecommunication Company (Center3) to provide data center hosting services across Saudi …
Companies Investments
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2 November 05:15 PM Elm registers 24% jump in 9M-25 net profits; revenues hit SAR 6.6bn
Riyadh - Mubasher: Elm Company posted SAR 1.64 billion in net profits during the first nine months (9M) of 2025, an annual hike of 23.70% from SAR 1.32 billion. Earnings per share (EPS) hiked to SAR 21.13 in 9M-25 from SAR 17.11 in 9M-24, …
Financial Results
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29 October 08:14 AM solutions generates SAR 8.8bn revenues in 9M-25; profits fall 10% in Q3
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) logged net profits valued at SAR 1.22 billion in the first nine months (9M) of 2025, an annual drop of 3.62% from SAR 1.27 billion. Meanwhile, the revenues jumped …
Financial Results
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22 October 12:39 PM 2P Perfect Presentation secures SAR 90m contract from Saudi gov’t
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has won a SAR 89.68 million contract from the Agricultural Development Fund (ADF) on 20 October. The partnership aims to provide managed services for …
Companies Investments
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22 October 11:53 AM MIS wins SAR 98m IT project from SDAIA
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) was awarded a project by the Saudi Authority for Data and Artificial Intelligence (SDAIA) on 20 October. The project, valued at SAR 98.04 million, involves the provision of IT …
Companies Investments
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15 October 03:57 PM Saudi Networkers Services names new Chairman, Vice Chairman
Riyadh - Mubasher: The board of Saudi Networkers Services Company elected new board leadership, ending on 13 October 2029, following the general assembly’s meeting. Abdulmohsen Ibrahim Abdulaziz AlTouq was appointed Chairman for a four-year term, …
Corporate Actions
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7 October 09:26 AM 2P Perfect Presentation secures SAR 120m facility with NBK
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) signed a SAR 120 million Sharia-compliant facility with National Bank of Kuwait (NBK) on 5 October. The one-year financing will fund new projects, …
Companies Investments
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28 September 06:49 PM Saudi Networker Services eyes moving shares to TASI
Riyadh - Mubasher: The board of Saudi Networkers Services Company (NSN) has approved transferring its shares from the Parallel Market (Nomu) of the Saudi Exchange to the Main Market (TASI) on 25 September 2025. The move is subject to the Capital …
Board of Directors
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28 September 05:58 PM solutions inks SAR 313.5m agreement with stc
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a SAR 313.39 million contract with Saudi Telecom Company (stc) on 25 September 2025. The 36-month deal aims to expand and develop stc’s internet and …
Companies Investments
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24 September 01:46 PM 2P Perfect Presentation awarded SAR 100m project contract
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has been awarded a SAR 100 million contract by the General Organization for Social Insurance (GOSI). The deal, which covers the establishment of …
Companies Investments
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23 September 12:19 PM Elm extends SAR 500m loan from Al Rajhi Bank
Riyadh - Mubasher: Elm Company renewed a bank facilities agreement worth SAR 500 million with Al Rajhi Bank on 22 September 2025, according to a bourse disclosure. The Sharia-compliant credit facility deal will be valid for 12 months and secured …
Banking and Finance
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22 September 08:34 AM Najm, Elm forge partnership at Money20/20 Middle East conference
Riyadh - Mubasher: Najm for Insurance Services has signed a cooperation deal with Elm Company on the sidelines of the Money20/20 Middle East conference to enhance the quality of services provided to beneficiaries. The two parties will join forces …
Event
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17 September 04:14 PM solutions, Aramco team up for digital computing infrastructure project
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a framework agreement with Saudi Arabian Oil Company (Aramco) for a digital computing infrastructure project. The deal covers the supplying, installing, and …
Companies Investments
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4 September 10:35 AM Wataniya, Knowledge Net, Al Sagr Cooperative unveil new key appointments
Riyadh – Mubasher: Wataniya Insurance Company announced Hussien Akeil and Faisal Charara as the board’s Chairman and Vice Chairman, respectively. The Insurance Authority (IA) greenlighted the appointment on 28 August 2025, according to a bourse …
Management Decisions
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2 September 12:06 PM MIS signs SRA 191m contracts with Saudi gov’t, Elm
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has signed two contracts with a total value of SAR 190.89 million on 31 August 2025, according to two separate financial statements. MIS sealed a SAR 126.07 million agreement with the …
Companies Investments
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31 August 06:01 PM MIS rolls out SAR 209m joint agreements
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has penned a managed services contract valued at SAR 125.90 million with Prince Sattam bin Abdulaziz University. The deal covers operating the university’s digital work environment …
Companies Investments
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26 August 12:33 PM WSM to issue SAR 500m Sukuk program
Riyadh - Mubasher: WSM for Information Technology Company plans to establish a local Sukuk Program for issuing local Shariah-compliant Sukuk at a value of SAR 500 million. The tech firm also appointed Impact Financial Company as the financial …
Companies Investments
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24 August 07:05 AM Axelerated Solutions obtains SAR 70m loan from SAB
Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company has increased and renewed its facility deal with the Saudi Awwal Bank (SAB) at SAR 70 million. The company obtained the funding, on 20 August 2025, to …
Companies Investments
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20 August 03:22 PM MIS extends SAR 450m facility deal with Gulf International Bank
Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has renewed and amended its Sharia-compliant banking facility with Gulf International Bank, valued at SAR 450 million. The financing was obtained on 14 August 2025 and will remain …
Companies Investments
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5 August 02:58 PM Elm posts 30.5% higher net profits in H1-25; dividends announced
Riyadh - Mubasher: Elm Company reported net profits worth SAR 1.08 billion in the first half (H1) of 2025, marking a 30.56% year-on-year (YoY) surge from SAR 831 million. Revenues grew by 21.02% to SAR 4.12 billion in H1-25 from SAR 3.40 billion …
Cash Dividends
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27 July 01:08 PM solutions’ profits up to SAR 807m in H1-25; revenues rise 2.5%
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered SAR 807 million in net profit during the first half (H1) of 2025, up 0.12% from SAR 806 million in H1-24. Revenues stood at SAR 5.72 billion in H1-25, …
Financial Results
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21 July 08:57 AM SNB logs SAR 12.1bn profits in H1-25, inks financing deal with solutions
Riyadh – Mubasher: The Saudi National Bank (SNB) recorded net profits valued at SAR 12.15 billion in the first half (H1) of 2025, an annual rise of 18.39% from SAR 10.27 billion. Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, up …
Banking and Finance