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12 October 05:21 PM

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03:00 AM SAL establishes new subsidiary with SAR 1.4bn authorized capital
Riyadh - Muasher: SAL Saudi Logistics Services Company developed a wholly owned subsidiary named SAL Zones to support its future business expansion, fulfil strategic objectives, and diversify its revenues.The simplified joint stock company will have
Companies Investments
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9 October 03:00 AM Aramco becomes Petro Rabigh’s largest shareholder via $702m additional stake
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) acquired an additional 22.50% shareholding in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Sumitomo Chemical Corporation for $702 million, with a nominal value of SAR 7 per share.
Mergers and Acquisitions
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9 October 03:00 AM SAS launches regional HQ in Riyadh to boost MENA presence
Riyadh - Mubasher: SAS, the global leader in data and AI, has opened its new MENA headquarters (HQ) in Riyadh to foster its business in Saudi Arabia, according to a press release.The launch aligns with the company’s commitment to enabling governments
Companies Investments
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8 October 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
Companies Investments
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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
Real Estate Transactions
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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
Companies Investments
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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
Companies Investments
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29 September 04:30 PM 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 …
Global Economy
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29 September 02:09 PM ONE Development enters Egyptian market to expand regional expansion
Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …
Real estate
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29 September 01:13 PM Marble Design unveils 15% capital raise via bonus shares
Riyadh - Mubasher: The board of Marble Design Factory Company greenlighted increasing its capital to SAR 75 million from SAR 60 million on 28 September. The 25% capital hike will be executed by capitalizing SAR 15 million from the retained …
Companies Investments
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29 September 12:59 PM Northern Region Cement’s board greenlights SAR 45m dividends for H1-25
Riyadh - Mubasher: The board of Northern Region Cement Company has approved SAR 45 million cash dividends, equivalent to 2.50% of the company’s SAR 1.80 billion capital, for the first half (H1) of 2025. The Tadawul-listed company will pay out a …
Cash Dividends
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29 September 11:54 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP and USD, as of 28 …
Mutual Funds
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29 September 10:56 AM Shmoh Almadi inks $509,000 deal with Chinese company
Riyadh - Mubasher: Shmoh Almadi Company signed a $509,000 contract with China-based Foshan International Trade Company on 25 September. The agreement aims to supply and install an automated production line for filling and packaging Maamoul and …
Companies Investments
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29 September 10:43 AM SITCO Pharma plans to invest SAR 75m in new Jeddah warehouse
Riyadh - Mubasher: Saudi International Trading Company (SITCO Pharma), a unit of Saudi Chemical Company, will invest SAR 75 million to establish a new warehouse in Jeddah. It will be financed through Shariah-compliant loans from local banks, …
Companies Investments