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Companies Investments

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6 August 02:43 PM MEPCO’s board recommends SAR 630m capital increase proceeds
Riyadh – Mubasher: The board of Middle East Paper Company (MEPCO) has recommended a significant reallocation of net proceeds from its previous capital increase, which raised SAR 629.99 million through the issuance of 19.99 million new ordinary …
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6 August 02:41 PM Jadwa REIT appoints new operator for Al Sulay Warehousing complex
Riyadh – Mubasher: Jadwa Investment, the fund manager of Jadwa REIT Saudi Fund, signed a management, operation, and leasing contract for the Al Sulay warehousing complex. The agreement was finalized with Saryed Al Mustaqbal for Real Estate …
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6 August 02:34 PM Al Majdiah inks SAR 396m development agreement for Masar Destination project
Riyadh – Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) has signed a real estate development agreement with Real Estate Investment Fund 9 to serve as the lead developer for a residential project in Makkah. The contract, signed on 4 August …
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6 August 02:14 PM SARCO terminates green MoU with AGR Renewable Energy
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced the expiration of a non-binding memorandum of understanding (MoU) previously signed with AGR Renewable Energy. The agreement, which was originally disclosed on 5 February 2026, …
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6 August 01:36 PM Theeb Rent A Car to develop subsidiary in Bahrain
Riyadh – Mubasher: Theeb Rent a Car Company secured the board’s approval to establish a new limited liability subsidiary in the Kingdom of Bahrain on 5 August 2026. The move is part of the company's strategic direction to expand its regional …
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6 August 01:30 PM MIS awarded over SAR 50.5m contract by Al Noor Specialist Hospital
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) announced the award of a project with Al Noor Specialist Hospital in Makkah, part of the Makkah Health Cluster, valued at SAR 50.69 million inclusive of value-added tax. The scope of …
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5 August 06:43 PM MIS rolls out 5-year agreement with Aramco
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) signed a five-year framework agreement with Saudi Arabian Oil Company (Aramco) for the provision of data center leasing services. The contract includes an option for a two-year …
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5 August 04:43 PM Amiantit eyes sales boost from Saudi anti-dumping decision on Indian pipe imports
Riyadh – Mubasher: Saudi Arabian Amiantit Company announced that the General Authority for Foreign Trade has issued a final decision to impose anti-dumping duties on imports of ductile iron pipes from India for a period of five years. The …
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5 August 04:10 PM Al Ramz Real Estate secures SAR 300m credit facilities from Alinma Bank
Riyadh — Mubasher: Al Ramz Real Estate Company has obtained Sharia-compliant credit facilities totaling SAR 300 million from Alinma Bank. The financing package is divided into two distinct tranches designed to support the company’s expansion plans …
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5 August 08:20 AM AMAK extends market-making agreement with SNB Capital
Riyadh – Mubasher: The board of Almasane Alkobra Mining Company (AMAK) resolved on 30 July 2026 to extend the appointment of SNB Capital as a market maker for the company’s shares. The extension is set for a duration of one year and is intended to …
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4 August 08:48 PM solutions pens SAR 364m agreement to establish DDC307 data center in Dammam
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a contract valued at SAR 364 million with Center3 to establish, build, and equip the DDC307 data center in Dammam. The agreement, signed on 3 August …
Westfield Jeddah
4 August 08:40 PM Cenomi Centers expects SAR 350m annual EBITDA from Westfield Jeddah
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) has completed major construction and the transition to the operational phase for its Westfield Jeddah project. The company secured the occupancy certificate for the development on 30 July …
CMA
4 August 05:27 PM MIS awarded SAR 81m project contract by CMA
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has been awarded a contract by the Capital Market Authority (CMA) valued at SAR 80.88 million, inclusive of value-added tax. The project was officially awarded on 3 August 2026, with …
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4 August 04:01 PM eXtra’s board recommends buyback of 2.5m shares
Riyadh - Mubasher: The board of United Electronics Company (eXtra) recommended, on 3 August 2026, the repurchase of a maximum of 2.49 million ordinary shares. The retailer intends to hold the repurchased stock as treasury shares, according to a …
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4 August 02:17 PM SABIC completes divestment of engineering thermoplastics business
Riyadh — Mubasher: Saudi Basic Industries Corporation (SABIC) has completed its divestment from the engineering thermoplastics business across North America, South America, and Europe. The transaction with Mutares SE & Co. KGaA closed on 3 August …
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4 August 08:03 AM SASCO’s unit sells Jeddah land for SAR 44.5m
Riyadh - Mubasher: Saudi Automotive Services Company (SASCO) announced that its subsidiary, Oil Services Company, signed an agreement to sell a land plot in the Al Nahda district of Jeddah for a total value of SAR 44.50 million. The site, which …
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4 August 08:01 AM Retal extends deadline for Ajdan Real Estate acquisition
Riyadh - Mubasher: Retal Urban Development Company has reached an agreement with Al Fozan Holding to extend the termination date of their share swap agreement to 31 December 2026. The extension is intended to provide additional time to satisfy the …
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4 August 07:34 AM Naqi Water reaches full production capacity at poultry project
Riyadh — Mubasher: Naqi Water Company has begun commercial production and sales for its new flock within its table-egg project. The company confirmed that the facility has reached 100% of its total production capacity, effectively doubling output …
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4 August 07:26 AM Nama Chemicals seeks arbitration over contract termination
Riyadh — Mubasher: Jubail Chemical Industries Company (JANA), a subsidiary of Nama Chemicals Company, commenced arbitration proceedings on 2 August against a consortium comprising Green Al Rawaq Environmental Services Company and Confident …
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3 August 04:28 PM Zoujaj expands scope of Furnace reconstruction project
Riyadh – Mubasher: National Company for Glass Industries (Zoujaj) has expanded its project to reconstruct and expand Furnace 01, according to a bourse filing. The company has integrated the modernization and rehabilitation of production lines into …
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3 August 01:17 PM Saudi Azm’s board recommends share buyback transaction
Riyadh – Mubasher: The board of Saudi Azm for Communication and Information Technology Company recommended on 30 July 2026 the buyback of up to 3.60 million ordinary shares. The company intends to hold these as treasury shares specifically for …
First Mills
3 August 01:08 PM First Mills starts commercial operations at new Al Qassim facility
Riyadh — Mubasher: First Milling Company (First Mills) began the commercial operations at its new flour mill in the Al Qassim branch on 2 August 2026. The launch follows the company obtaining the final operating license from the General Food …
Saudi Azm
3 August 10:49 AM Saudi Azm signs MoU to fully acquire AZM FinTech
Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company signed a non-binding memorandum of understanding (MoU) on 1 August 2026 to study the potential acquisition of 100% of the shares in Azm Fintech. The agreement …
Fitch Ratings
3 August 08:24 AM Fitch asserts Walaa Cooperative Insurance’s ratings, stable outlook
Riyadh — Mubasher: Fitch Ratings has affirmed the Insurer Financial Strength (IFS) rating of Walaa Cooperative Insurance Company at "A-" and its National IFS rating at "AA+(sau)". The credit rating agency maintained a stable outlook for both …
SAL
3 August 08:17 AM SAL completes acquisition of Aviapartner Liège for SAR 120m
Riyadh — Mubasher: SAL Saudi Logistics Services has fully acquired Aviapartner Liège SA for approximately SAR 120 million (EUR 28 million). The transaction was executed through its wholly owned subsidiary, SAL International Ground Handling BV, …