Riyadh - Mubasher: Saudi Awwal Bank (SAB) plans to issue SAR-denominated Tier 1 Sukuk through a private placement in Saudi Arabia, according to a bourse filing.In line with its Additional Tier 1 Sukuk issuance program, the offering aims to strengthen
Riyadh – Mubasher: The National Water Company (NWC), represented by its Northwest Cluster, commenced the development of 23 water and environmental projects in Madinah at a value exceeding SAR 814 million.The project schemes aim to expand service cove
Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, plans to launch a real estate private fund with an estimated capital of SAR 1.40 billion.The company penned a tripartite memorand
Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) appointed Saad bin Abdulrahman Al Sadhan as its CEO as of 1 July 2025, according to a bourse filing.The appointment follows a board resolution issued on 29 June, which conclu
Riyadh - Mubasher: The net foreign direct investment (FDI) inflows into Saudi Arabia jumped by 44% year-on-year (YoY) to SAR 22.20 billion in the first quarter (Q1) of 2025, according to the General Authority for Statistics (GaStat).On a quarterly ba
Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, has signed a land sale deal worth SAR 255.76 million.The transaction covers a 2,500 square meter plot within the Masar project in
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) joined forces to build a private cloud as part of the IT infrastructure modernization and hyperscaler partnership project.The two part
Riyadh- Mubasher: The board of Nayifat Finance Company approved cash dividends valued at SAR 39.28 million, representing 3.30% of the company’s SAR 1.20 billion capital, for the fourth quarter (Q4) of 2024 and Q1-25.The Saudi-listed firm will distrib
Riyadh – Mubasher: Italy-based Pronur has launched its business in Saudi Arabia to advance renewable energy solutions across the Kingdom, according to a press releaseEstablished in 2021, Pronur works with major local and global entities, including ED
Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) has appointed Abdullah Mohammed Al Homaidi as the board’s Chairman for the next four years.Mohammed Shbeeb Al Mutlaq was named as the Vice Chairman, according to a bourse disclosure.The two
Riyadh – Mubasher: The Capital Market Authority (CMA) has passed the initial public offering (IPO) of Cherry Trading Company to list its shares on the Saudi Exchange (Tadawul).The company plans to float 9 million shares, accounting for 30% of its sha
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) announced cash dividends worth SAR 362.56 million, equivalent to 5% of its share capital, for the first half (H1) of 2025.Sipchem will pay SAR 0.50 per share for 725
Riyadh-Mubasher: Tesla has opened its first center in Saudi Arabia to meet the Kingdom's growing demand for electric vehicles (EVs) and support its commitment to sustainable transportation.Located in Riyadh on Takhassousi Rd, the Tesla center opened
Riyadh-Mubasher: Dr Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) signed a Sharia-compliant credit facility agreement with Alinma Bank at a value of SAR 938 million.The financing deal, finalized on 23 June 2025, aims to support the
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has amended the structure of its minimal incremental price movement bands, known as tick size bands, for both the Main and Parallel (Nomu) Market securities, excluding debt instruments.Tadawul is expand
Mubasher: EFG Hermes, an EFG Holding Company, closed its advisory on the $500 million initial public offering (IPO) of Specialized Medical Company (SMC), marking its third IPO in the healthcare sector over the past 12 months.The company began trading
Riyadh - Mubasher: Red Sea Gateway Terminal (RSGT), a subsidiary of Sustained Infrastructure Holding Company (SISCO Holding), signed a 20-year concession agreement for the operation of four existing multi-purpose port facilities on the Red Sea with t
Mubasher: UAE-based loyalty and rewards company Related has secured an $8 million investment from Saudi premier alternative asset management firm Equivator, according to a press release.Related will use the new capital to support the launch of AI- an
Riyadh – Mubasher: Lumi Rental Company has launched its first bus rental branch in the North region, Tabuk, as part of its long-term strategy to reinforce the Kingdom’s mobility sector.The 1,500 sqm first-of-its-kind branch marks a major milestone in
Riyadh – Mubasher: City Cement Company named Badr bin Omar Al Abdullatif as the board’s Chairman for the next four years.Saleh bin Ibrahim Al Shabnan was announced as the Vice Chairman, according to a bourse disclosure.The two officials were elected
Riyadh - Mubasher: The Capital Market Authority (CMA) approved, on 23 June 2025, the registration and share offerings of two companies on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).Jamjoom Fashion Trading Company will list 2.38 millio
Riyadh – Mubasher: Saudi Cement Company announced cash dividends amounting to SAR 153 million, representing 10% of its share capital, for the first half (H1) of 2025.Under the board’s resolution on 24 June, the Saudi firm will disburse SAR 1 per shar
Riyadh - Mubasher: Armah Sports Company has penned a SAR 244.11 million deal with Qimam Nashaz Real Estate Development Company, a unit of Banan Real Estate Company.Under the development and operation contract, Qimam Nashaz will build two fully equipp
Riyadh - Mubasher: Gas Arabian Services Company (GAS) signed a joint venture (JV) agreement with Italy-based BONOMI Company on 21 June 2025.The partnership aims to establish a new limited liability company under the name BONOMI Saudi Arabia Factory L
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company signed a memorandum of understanding (MoU) with The Securities House, a Kuwaiti public joint stock company listed on Boursa Kuwait.The MoU, signed on 22 June 2025, supports
