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Al Rashid Industrial Company
27 May 02:06 PM Al Rashid Industrial to vote on 50% capital hike recommendation, GCC-based transaction
Riyadh – Mubasher: The board members of Al Rashid Industrial Company officially invited its shareholders to attend the extraordinary general meeting (EGM) on 17 June 2026 to vote on the primary agenda for the session that involves a capital …
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27 May 11:14 AM Fadeco boosts regional footprint by entering 2 markets
Riyadh – Mubasher: Arabian Food & Dairy Factories Company (Fadeco) announced the commencement of its product exports to Iraq and Djibouti, according to a bourse disclosure. This strategic move marks a significant step in the company’s regional …
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. …
Alef Education Holding and TMRW Edtech
24 May 09:55 AM AI-powered education solutions in GCC, MENA endorsed via EdTech agreement
Abu Dhabi - Mubasher: Alef Education Holding has teamed up with TMRW Edtech to benefit the GCC and MENA region by redefining the future of schooling through advanced AI-driven innovation, according to a press release. The two education innovators …
Netzero
20 May 02:56 PM Netzero collaborates with Aramex for smart sustainability initiative in Saudi Arabia
Riyadh – Mubasher: Saudi-developed smart afforestation platform Netzero has teamed up with Aramex to deliver smart tree sustainability initiative, according to a press release. The partnership aims to plant trees across the Riyadh and Jeddah …
Saudi Capital Market Authority (CMA)
19 May 01:00 PM Saudi CMA approves public offering of Al Rajhi GCC Equity Fund excluding KSA
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 …
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19 May 09:58 AM ADNOC Distribution, Americana Restaurants International partner to improve roadside trail across region
Mubasher: The net profits of ADNOC Distribution and Americana Restaurants International joined forces to expand dining and convenience offerings across ADNOC Distribution service station locations in the UAE, Saudi Arabia, and Egypt. Under the …
SAB Invest
19 May 08:57 AM We are supporting evolution of Saudi Arabia as global financial hub - SAB Invest CEO
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 …
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 …
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18 May 03:35 PM Al Ramz delivers strong quarterly results with AED 12m profits in Q1-26
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 …
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18 May 03:24 PM Riyad Bank launches 1st corporate card offering via partnership with Mastercard
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 …
SANY Group
18 May 02:07 PM Al Naqool expands fleet to meet rising concrete demand through deal with region-focused SANY
Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company has acquired 12 specialized heavy vehicles from the commercial and construction development company SANY Group at a value of approximately SAR 5.91 million, according to a bourse filing. The …
Sport Clubs Company
18 May 12:02 PM Sport Clubs inaugurates new center in Dammam
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 …
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18 May 11:00 AM Dana Gas records 72% higher profits in Q1-26 due to production growth
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 …
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18 May 09:42 AM Dar Al Arkan mandates regional, global lenders for USD-denominated issuance
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 …
Saudi Exchange (Tadawul)
17 May 04:11 PM SAB Invest becomes inaugural market maker under Tadawul’s new ETF framework
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 …
TAQA
17 May 03:57 PM TAQA’s profits stable in Q1-26; board approves AED 899m interim dividends
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 …
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17 May 03:38 PM IHC secures AED 40bn partnership agreements at MIITE 2026
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 …
GFH
17 May 03:23 PM GFH Bank records 12% higher net profits in Q1-26; total assets hit $12.1bn
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 …
TruKKer
17 May 01:04 PM TruKKer secures up to $300m securitization facility from ADCB to expand in MENA
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 …
Tabreed
17 May 11:53 AM Tabreed delivers resilient performance in Q1-26; revenues up 4%
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 …
Deyaar
17 May 10:35 AM Deyaar’s profits climb to AED 130m in Q1-26; assets hike 12%
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 …
Air Arabia
17 May 10:04 AM Air Arabia’s profits fall 22% in Q1-26 due to regional conflict, airspace closures
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 …
EMSTEEL
14 May 03:52 PM EMSTEEL’s net profits 246% in Q1-26; revenues hit AED 2.1bn
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 …
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14 May 02:20 PM Orascom Construction’s consolidated backlog hits $9.3bn 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 …