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25 December 03:33 AM

Sector News

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12 June 08:32 PM Anmat Technology inks SAR 111.5m contracts with Elm, Saudi government
Riyadh - Mubasher: Anmat Technology Company has signed two contracts to carry out major contracting works for the Riyadh Municipality region, with a combined value of SAR 111.41 million. The first agreement, signed with Elm Company, was valued at …
Companies Investments
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3 June 06:45 PM Anmat Technology to float shares on Nomu following Eid holiday
Riyadh – Mubasher: Anmat Technology for Trading Company is set to begin listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Wednesday, 11 June 2025. The company will float 5 million shares, equivalent to 11.63% of …
Companies Investments
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24 April 07:46 PM Bank Albilad, Astra Industrial unveil key appointments
Riyadh – Mubasher: Bank Albilad appointed Nasser bin Mohammed Al Subaie as the new Chairman of the board for the coming three years, according to a bourse filing. Adeeb bin Mohammed Abanumai was announced as the Vice Chairman until 16 April 2028. …
Board of Directors
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24 April 11:53 AM MESC obtains SAR 140m loan from Riyad Bank
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) penned a Sharia-compliant facility deal worth SAR 140 million with Riyad Bank on 23 April 2025. The loan is secured by promissory notes valued at SAR 148 million and assignment of …
Companies Investments
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20 April 01:55 PM Shaker Group unveils 5% of capital as dividends for 2024
Riyadh – Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) announced cash dividends amounting to SAR 27.75 million, representing 5% of the capital, for 2024. Shaker Group will pay out a dividend of SAR 0.50 per share for 55.50 …
Board of Directors
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15 April 10:06 AM Mayar Holding’s accumulated losses hit 0% of capital
Riyadh – Mubasher: The accumulated losses of Mayar Holding Company reached 0% of its share capital, according to a burse disclosure. The decrease in accumulated losses was mainly attributed to the improvement in the company’s operational and …
Financial Results
Photo Archive
7 April 05:26 PM Saudi Ceramics unveils 2 key appointments
Riyadh – Mubasher: Saudi Ceramic Company (Saudi Ceramics) appointed Yousuf Saleh Aba Al Khail as the board’s Chairman for the next four years. The board members also named Abdulaziz Abdulkarim Al Khereiji as the Vice Chairman, according to a …
Management Decisions
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23 March 04:08 PM Al Babtain Power’s revenues exceed SAR 2.8bn in 2024; dividends for H2 announced
Riyadh – Mubasher: The net profits of Al Babtain Power and Telecommunication Company hiked by 87.77% year-on-year (YoY) to SAR 265.70 million in 2024 from SAR 141.50 million. Revenues climbed by 12.93% to SAR 2.81 billion at the end of December …
Cash Dividends
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11 March 03:57 PM Riyadh Cables generates nearly SAR 817m profits in 2024
Riyadh – Mubasher: Riyadh Cables Group Company registered SAR 816.88 million in net profit at the end of December 2024, up 57.55% year-on-year (YoY) from SAR 518.49 million. Revenues climbed by 15.10% to SAR 9 billion last year from SAR 7.82 …
Financial Results
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4 March 03:52 PM EIC generates nearly 100% higher net profit on back of revenue growth at SAR 1.9bn
Riyadh – Mubasher: The net profits of Electrical Industries Company (EIC) almost doubled in 2024 after increasing by 99.83% to SAR 401.73 million compared to SAR 201.03 million in 2023. The earnings per share (EPS) rose to SAR 0.36 as of 31 …
Financial Results
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25 February 07:31 PM Saudi Ceramics reports SAR 79m net losses in 2024
Riyadh – Mubasher: Saudi Ceramic Company (Saudi Ceramics) incurred 66.63% year-on-year (YoY) lower net losses at SAR 79.25 million in 2024, versus SAR 237.51 million. The Tadawul-listed firm posted revenues worth SAR 1.34 billion in 2024, an …
Financial Results
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16 February 05:43 PM Saudi 1st EV brand Ceer pens SAR 5.5bn deals at PIF Public Sector Forum; listed firms included
Riyadh – Mubasher: Ceer, Saudi Arabia’s first electric vehicle (EV) brand and Original Equipment Manufacturer (OEM), announced 11 new partnerships worth SAR 5.50 billion, equivalent to approximately $1.50 billion, at the 3rd PIF Public Sector …
Companies Investments
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14 January 04:44 PM Waja obtains SAR 16m funding from Alinma Bank
Riyadh – Mubasher: Waja Company secured a Sharia-compliant financing agreement worth SAR 16 million from Alinma Bank, according to a bourse disclosure. The company obtained the one-year funding on 30 December 2024 to finance letters of credit as …
Companies Investments
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29 December 2024 08:52 PM Alwasail announces leadership appointments
Riyadh – Mubasher: Alwasail Industrial Company has appointed Abdulrahman Abdullah Almushayqih as the Chairman of the board for a three-year term, according to a bourse disclosure. The company also named Saleh Abdullah Almushekih as the Vice …
Corporate Actions
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23 December 2024 03:49 PM Riyadh Cables’ strong backlog in 9M-24 provides revenue visibility for near term – Aljazira Capital
Riyadh – Mubasher: The order backlog of Riyadh Cables Group Company reached SAR 4.90 billion at the end of the first nine months (9M) of 2024, providing strong revenue visibility for the near term, according to a report by Aljazira Capital …
Ratings
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19 December 2024 08:33 PM Bawan rolls out SAR 832m supply deal with Aramco
Riyadh – Mubasher: Petronash Arabia Company Limited, a subsidiary of Petronash Holding Company, has received a purchase order for an existing contract with  Saudi Arabian Oil Company (Aramco) to supply special gas well products. Bawan …
Companies Investments
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16 December 2024 01:27 PM MENA-focused Parkin, Saudi Batic to explore smart city parking solutions
Dubai – Mubasher: Parkin Company has entered into a memorandum of understanding (MoU) with Batic Investments and Logistics Company to bolster smart city parking solutions Across Saudi Arabia. The two entities will combine Parkin's operational …
Companies Investments
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27 November 2024 04:47 PM Sadirat eyes acquisition of Entaj Industrial’s subsidiary
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC), known as Sadirat,  has signed a non-binding memorandum of understanding (MoU) with Entaj Industrial Services Company to consider either equity acquisition or a takeover of the entire …
Companies Investments
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26 November 2024 04:05 PM Al Babtain Power rolls out SAR 777m deal with Hyundai
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company signed a contract with Hyundai Engineering & Construction Company Limited at a value of SAR 777.22 million. The 24-month deal covers providing Head Transmission Line Steel Towers …
Companies Investments
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31 October 2024 10:56 AM EIC’s profits surpass SAR 297m in 9M-24
Riyadh – Mubasher: Electrical Industries Company (EIC) logged net profits valued at SAR 297.19 million in the first nine months (9M) of 2024, marking an annual leap of 109.93% from SAR 141.56 million. EIC posted revenues worth SAR 1.54 billion in …
Financial Results
Photo Archive
29 October 2024 03:03 PM Saudi Ceramics turns profitable in 9M-24; revenues up 3.5%
Riyadh – Mubasher: Saudi Ceramic Company shifted to net profits valued at SAR 10.77 million in the first nine months (9M) of 2024, compared to net losses worth SAR 120.55 million in 9M-23. Revenues hit SAR 966.49 million in 9M-24, up 3.52% …
Financial Results
Bayan Credit Bureau team at Seamless Saudi Arabia 2024
28 October 2024 05:04 PM Bayan Credit Bureau joins forces with financial firms, listed entity at Seamless Saudi Arabia 2024
Riyadh – Mubasher: Bayan Credit Bureau, licensed by the Saudi Central Bank (SAMA), signed multiple agreements during its participation at Seamless Saudi Arabia 2024 to boost financial cooperation and data solutions. The Saudi listed Bawan Company …
Event
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22 September 2024 11:28 AM MESC inks SAR 100m financing agreement with Alinma Bank
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) secured a Sharia-compliant facility agreement valued at SAR 100 million with Alinma Bank on 19 September 2024. MESC will utilise the loan to finance its working capital and issue …
Companies Investments
Photo Archive
18 August 2024 10:58 AM EIC’s unit rolls out SAR 281m deal
Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), inked a SAR 281.13 million contract with the Branch of Hyundai Engineering Company Limited. The two parties signed the agreement on 14 August …
Companies Investments
Photo Archive
6 August 2024 01:06 PM Riyadh Cables posts 19.5% jump in H1-24 net profits
Riyadh – Mubasher: The net profits of Riyadh Cables Group Company hiked by 30.39% to SAR 328.37 million in the first half (H1) of 2024 from SAR 251.83 million in H1-23. The Saudi firm witnessed revenues amounting to SAR 4.07 billion in H1-24, a …
Financial Results