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08 October 12:29 PM

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03:00 AM World Bank lifts growth forecast for Middle East region in 2025
Mubasher: The World Bank has lifted its growth outlook for the region encompassing the Middle East, North Africa, Afghanistan and Pakistan (MENAAP) for 2025, with expected growth reaching 2.8% in 2025 and 3.3% in 2026.Nonetheless, global uncertainty,
Politics
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7 October 03:00 AM extra witnesses 11% hike in 9M-25 net profits
Riyadh - Mubasher: United Electronics Company (eXtra) generated net profits totaling SAR 395.12 million in the first nine months (9M) of 2025, higher by 10.74% than SAR 356.79 million in 9M-24.Revenues rose by 10.80% year-on-year (YoY) to SAR 5.65 bi
Sector Reports
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6 October 03:00 AM Port Clubs signs SAR 22m lease for new Riyadh fitness centers
Riyadh - Mubasher: Sport Clubs Company signed a land lease contract worth SAR 22.01 million to build two fitness centers at King Fahd Medical City in Riyadh, according to a bourse filing.Located in Al-Sulaymaniyah District, the new clubs will operate
Companies Investments
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6 October 03:00 AM Saudi Paper adds SAR 105m to credit facility with GIB
Riyadh - Mubasher: Saudi Paper Manufacturing Company added SAR 105 million in new medium-term financing to its existing credit facility with Gulf International Bank (GIB) on 1 October.This is in addition to the existing working capital credit facilit
Delistings
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5 October 03:00 AM Saudi Arabia's non-oil private sector sees strongest growth in 6 months
Riyadh - Mubasher: Saudi Arabia’s headline seasonally adjusted Purchasing Managers’ Index (PMI) increased to 57.8 in September 2025 from 56.4 in August, according to the latest Riyad Bank’s data.The reading, which was above the 50 no-change mark, ref
Politics
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5 October 03:00 AM South Korea’s Rebellions raises $250m series C to fuel regional expansion
Riyadh - Mubasher: South Korea-based Rebellions has raised $250 million in a Series C round at a $1.40 billion valuation, according to a press release.The transaction is backed by Arm, Samsung Ventures, Pegatron VC, Korea Development Bank, Korelya Ca
Global Economy
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2 October 03:00 AM Bahri pens SAR 762m purchase deal with IMI
Riyadh - Mubasher: National Shipping Company of Saudi Arabia (Bahri) signed a SAR 762 million ($203 million) contract with the International Maritime Industries (IMI) for six dry bulk carriers, according to a press release.The partnership marks the K
Companies Investments
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2 October 03:00 AM Egypt’s residential market attracts $1.4bn in private capital baked by UAE, KSA
Cairo - Mubasher: Egypt’s real estate market drew $1.40 billion in private capital as demand surges, emerging as one of MENA’s fastest-growing markets.The country now ranks third in construction activity after Saudi Arabia and the UAE, according to K
Politics
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1 October 03:00 AM National Development Fund inks SAR 3bn facility deal with SNB
Riyadh – Mubasher: The National Development Fund (NDF) penned a SAR 3 billion credit facility agreement with the Saudi National Bank (SNB) in Riyadh, according to the Saudi Press Agency (SPA).The agreement aims to support development projects in the
Delistings
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1 October 03:00 AM RCJY unveils $1.4bn investments to drive SMEs growth
Riyadh - Mubasher: The Royal Commission for Jubail and Yanbu (RCJY) invested over SAR 1.40 billion in major companies and small and medium-sized enterprises (SMEs) across its cities, according to the Saudi Press Agency (SPA).Commission President Khal
Companies Investments
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1 October 03:00 AM Schneider Electric, Petra Engineering forge partnership to strengthen Saudi Arabia’s data center infrastructure
Riyadh - Mubasher: Schneider Electric, the global leader in the digital transformation of energy management and automation, has signed a strategic partnership with Petra Engineering Industries Company, a leading manufacturer of heating, ventilation,
Companies Investments
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30 September 03:00 AM Al Arabia’s Faden Media awarded SAR 68m project contract
Riyadh - Mubasher: Faden Media Company, a subsidiary of Arabian Contracting Services Company (Al Arabia), was awarded a SAR 68.25 million contract on 28 September.The agreement has been secured by Al Balad Al Ameen Company, the investment arm of the
Companies Investments
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30 September 03:00 AM Sadq fuels regional expansion plans via $1m funding round
Riyadh - Mubasher: Saudi digital platform Sadq has secured an additional $1 million pre-series A funding round, led by Impact46, according to a press release.The funding will accelerate the company’s product development and security enhancements, whi
Companies Investments
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30 September 03:00 AM Umm Al Qura extends SAR 4.5bn facilities with Alnima Bank
Riyadh - Mubasher: Umm Al Qura for Development and Construction has extended its Sharia-compliant bank facilities with Alinma Bank on 28 September.The total combined financing limit stands at SAR 4.50 billion, including a currently utilized balance o
Delistings
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29 September 03:00 AM Biban Forum 2025 to kick off in Riyadh next November
Riyadh - Mubasher: Saudi Arabia is set to host Biban Forum 2025, the Kingdom’s flagship event for startups, small and medium enterprises (SMEs), and innovators.Organized by the Small and Medium Enterprises General Authority (Monsha’at), the event wil
Corporate Bonds
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28 September 03:00 AM GCC’s tourism sector records $247.1bn in 2024
Mubasher: The value added by the travel and tourism sector to the gross domestic product (GDP) of the GCC nations increased by 31.90% to $247.10 billion in 2024, when compared to 2019.The sector’s contribution to the region’s GDP is expected to reach
Real Estate Transactions
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28 September 03:00 AM 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 Marke
Board of Directors
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28 September 03:00 AM 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 communi
Companies Investments
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28 September 03:00 AM AngelAi launches in Saudi Arabia, eyes GCC expansion
Riyadh - Mubasher: AngelAi, the world’s first empathetic AI platform for financial services, has launched in Saudi Arabia, according to a press release.The platform provides the Saudi banks and investors with access to AI-powered growth anchored by l
Global Economy
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25 September 03:00 AM Tam Development inks SAR 38m contract with Saudi gov’t
Riyadh - Mubasher: Tam Development Company signed a SAR 37.99 million contract with a government entity, on 22 September, to provide digital and operational solutions.The 24-month deal is expected to impact the company’s financial results starting fr
Companies Investments
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25 September 03:00 AM Riyadh-based DOO closes $1.7m to expand in GCC region
Riyadh - Mubasher: AI-powered customer experience platform DOO has secured $1.70 million in a funding round led by Merak Capital, with participation from Plus VC and other regional investors.Through the fresh funding, DOO will accelerate product deve
Global Economy
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25 September 03:00 AM Tanmiah’s ADC increases SAB Murabaha facility to SAR 310 million
Riyadh - Mubasher: Agricultural Development Company (ADC), a unit of Tanmiah Food Company, has raised its revolving Murabaha facility with Saudi Awwal Bank (SAB) to SAR 310 million from SAR 130 million.Valid for one year, the facility is secured by a
Delistings
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24 September 03:00 AM SNB rolls out new SME financing platform via partnership with Tarabut, Geidea
Riyadh - Mubasher: Saudi National Bank (SNB) partnered with Tarabut and Geidea to launch a first-of-its-kind point-of-sale (POS) lending solution for small and medium enterprises (SMEs).Powered by Tarabut and delivered through Geidea, the solution ai
Companies Investments
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23 September 03:00 AM Enma Al Rawabi rebrands as Inmar
Riyadh - Mubasher: Enma Al Rawabi Company has launched a new corporate identity and changed its trade name to Inmar Company for Real Estate Development and Investment.The rebranding aims to strengthen the company’s corporate identity and its connecti
Companies Investments